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Layer-2 scaling solution Polygon, originally known as Matic, is based on the Ethereum network. Its major objective is to solve Ethereum’s scalability problems and offer cheaper, quicker transactions. Transaction fees may become unprofitable for frequent or small investments if Ethereum-based decentralized applications (dApps) gain popularity. A sidechain called Polygon operates in tandem...

Since 2021, the BNB chain has been making waves in the decentralized finance (DeFi) sector. It currently holds almost 9% of the market share. It is also now becoming a formidable competitor with some of the top DeFi platforms, such as Ethereum and Tron. BNB is an appealing alternative to Ethereum due to its user-friendly […]

Yield farming has been described as the DeFi ecosystem’s lifeblood or rocket fuel. During a time when traditional banks were offering exceptionally low loan rates, yield farming produced substantial yields. Over the next two years, yield farming drew more than $150 billion into DeFi protocols, solidifying it as the “next big thing” in crypto. According […]

The cryptocurrency debit card is a type of debit card that allows holders to purchase and pay for services in real time using their crypto assets. These cards function like normal debit cards. These cards are connected to crypto wallets or online accounts where cryptocurrencies are stored. They convert the usual currency to the token […]

The ERC-6551 is the latest standard for Non-fungible tokens (NFTs), and it has the potential to revolutionize the Non-fungible token ecosystem. In addition, TBAs (Token Bound Accounts) which are the latest category of NFTs is compatible with the already existing ERC-721 Non-fungible tokens. The TBAs enable NFTs to have smart contract capabilities, thereby improving their […]

The fees on Ethereum and Bitcoin have ramped up over the previous weekend, and they have increased by twofold what they were the week before. What could be the cause of this instantaneous fee increase, and what are its implications for the future? This is what we will be considering in this article. Although the […]

Various non-centralized protocols have been designed on Abitrum to benefit from some of its delightful features. Examples of these features include speed, low charges, and security. As of now, Abitrum stands as the biggest Ethereum Layer 2 solution. It also has more than three hundred projects, two billion dollars in TVL, and a token known […]

Cryptocurrency banks are banks that see cryptocurrencies such as Bitcoin and the like as a means of exchange and debt settlement. These banks usually interact in a friendly manner with cryptocurrencies or businesses related to crypto. These banks sometimes provide cryptographic custodial services. Most banks can shut down an account with very little or no […]

Stablecoin offers us the goodies of the blockchain while simultaneously avoiding the volatile nature of crypto. Examples of the blockchain goodies mentioned above are instant settlement, transparency, privacy, and lower transaction costs. All this time, Stablecoins have been becoming increasingly popular. Let’s check out some of the most commonly used cases for this group of […]

Due to difficult regulations and harsh economic conditions, the popular cryptocurrency exchange platform Bittrex has announced that it will cease operation in the United States. Bittrex, which was established in 2013 by Bill Shihara, Richie Lai, and Rami Kawach, has long been a major player in the cryptocurrency market. However, Bittrex Global, the international division […]