What Is

A Simple Explanation Of The Concept Of DeFi

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DeFi stands for decentralized finance which is an umbrella term of financial applications in digital currency or blockchain inclined towards cutting off the financial intermediaries. Decentralized finance draws inspiration from blockchain, which is the technology behind Bitcoin which is a digital currency. This allows various entities to grab a copy …

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An Easy Guide To Understand Lightning Network Better

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For carrying out Bitcoin transactions efficiently, a Lightning Network is applied on bitcoin that employs micropayments channels to increase the blockchain capability of this crypto. This is second layer technology. Transactions that take place through this network are less costly, faster, and more readily confirmed compared to those that are …

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Soft Fork Vs Hard Fork: How Are Both Different?

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It is necessary to update the ICT system continuously. This is done for the addition of new functionalities to fix security issues or bugs. Likewise, a blockchain also requires updates from time to time, so that when a soft fork comes into action. It is used for the update of …

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What Do You Need To Know About Crypto Scams?

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Cryptocurrency is quite an interesting topic now and people are investing more in these cryptocurrencies and there are many nations that are looking forward to accepting digital currency along with fiat currency. But what makes digital currency different from a cash or other payment methods? Why should you invest in …

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