DApps
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DeFi & dApps: What are They? How Do They Work?
- April 25, 2021
- Posted by: DanCurranJr
- Category: General Information, Research Tutorials
No CommentsDecentralized Finance (DeFi) and Decentralized Apps (dApps) are the two major innovations in the crypto space that leverage blockchain technology. These two innovations help eliminate third parties, otherwise known as centralization, and give users control over their finances. Both DeFi and dApps are increasingly becoming common in the FINTECH industry as they provide users with
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A Simple Explanation of Non-Fungible Tokens (NFT)
- April 25, 2021
- Posted by: DanCurranJr
- Category: General Information
Non-fungible tokens, or NFTs, contain identifying information recorded in their smart contracts. It’s this information that makes each different and as such, they cannot be directly replaced by another token. What are Non-Fungible Tokens? Non-fungible tokens contain identifying information recorded in their smart contracts. It’s this information that makes each NFT different and as such,
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Beginners Guide to Understanding Decentralized Finance (DeFi)
- April 22, 2021
- Posted by: DanCurranJr
- Category: Exchanges \ Wallets, General Information, Research Tutorials
What is DeFi and How Does it Work? In practice, DeFi is a network of DApps (decentralized applications) and smart contracts built on Ethereum blockchain that focuses on financial applications such as loans, derivatives, exchanges, trading, and more. DeFi focuses on the concept of “Lego” money. That is, the idea is for anyone to be able