Motiur is a freelance writer and digital marketing specialist based in Stockholm, Sweden. He started his career as an SEO expert back in 2011 and found his interest in the crypto and blockchain space later in 2016. Since then, he has worked with several fintech companies as an author and meanwhile assisted them in promoting their business.
Staying updated on Monero news is vital for savvy investors. It helps make informed decisions and stay ahead in this evolving market.
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In this article, we will take you through what DeFi is, its advantages, risks, and challenges while highlighting some of the top DeFi projects to look out for soon. But first, how does DeFi differentiate itself from existing FinTech solutions?
Staking is one of the best ways to earn a passive income in crypto. The year 2020 saw a proliferation of cryptos that investors can stake that have attracted hundreds of millions of dollars in investments. While staking is a great way to earn in crypto space, it carries its risks, and if you are not aware of them, they can cost you a lot, especially if you are a large investor — one of the most significant risks that you face in crypto. Simply put, slashing means forfeiting your crypto holding of staked cryptos in case you break the staking rules of the concerned project. The goal is to ensure that all staking nodes adhere to the rules and keep the project safe. Unfortunately, if you are not fully conversant with the rules, it can cost you a lot since you would nearly lose your hard-earned money, with no option of getting them back. The essence of this guide is to help you manage the risks that come with staking, especially the risk of losing your coins. To make it easier for you, the guide delves deeper into proof-of-stake and the various aspects to it that can make you a better investor.
In this article, we will focus on the history of MakerDAO, how it works, and its advantages to the crypto ecosystem, especially in decentralized finance (DeFi).
The goal of this article is to enlighten you on all matters DeFi. Here you will learn its concepts such as yield farming, liquidity mining, and the genesis of DeFi. You will also learn of the different perspectives of industry experts on this topic.
One of the biggest problems facing cryptocurrencies today is their heavy correlation to Bitcoin. While the crypto market has come a long way in development over the last ten years, prices still follow Bitcoin’s price action. A dump in the price of Bitcoin almost always guarantees the same in the price of the altcoins market. This poses a risk to the long-term development of the market because it could ultimately starve high-potential projects of investments. That’s because the crypto market as a whole is still a volatile, high-risk environment. Therefore, if investors can get a return on their money by investing in bitcoin, there is no point in seeking investments in altcoins, which are even riskier with the possibility of bigger losses in case the market dumps. In this environment, the only way for the market to grow is by using a different valuation approach where a correlation is not the basis of price. Ampleforth is a crypto project that offers this solution. The Ampleforth protocol reacts to market fluctuations by algorithmically changing the supply of AMPL tokens based on the prevailing nominal exchange rate, rather than the price. This gives investors a chance to build a portfolio that is not entirely driven by the price of Bitcoin.
Monero (XMR) is simply an efficient cryptocurrency developed on the Blockchain technology, to be open-source, allowing anyone to use it, created to achieve privacy while performing digital assets transactions.
Learn everything about Verge Blockchain in this complete guide. Explore XVG's history, main features, and technology.