What is Compound (COMP)?
Compound is a decentralized financial lending platform that allows its users to earn interest on their cryptocurrencies through the process of depositing crypto-based pools supported by the platform. The compound network gives its participants the opportunity to borrow, lend or earn a profit on their blockchain-based assets. On the platform, when the participants make cryptocurrency […]
What is Elrond (EGLD)?
Elrond is a blockchain-based platform that offers participants on its network an increased speed of executing transactions through a protocol known as sharding. According to the team behind the creation of the Elrond network, the project will serve as an ecosystem for a new internet. This will have inclusions of systems such as Fintech, decentralized […]
What is Holo (HOT)?
Holo is a decentralized peer-to-peer platform that is used for hosting applications built via the Holochain, which is a framework used by developers to create decentralized applications which do not utilize blockchain for their operation. According to the Starters of the network, it was created to eliminate the connection between the broader apps and the […]
What is IOTA (MIOTA)?
IOTA operates under the technology of a system known as Tangle which involves the confirmation of transactions by nodes. Even though the cryptocurrency operates under the distributed ledger system used by blockchain technology, it is not actually a blockchain. According to the foundation behind the creation of IOTA, it states that the distributed ledger system […]
What is Quant (QNT)?
Quant is a decentralized blockchain platform that connects other blockchains on a global scale without reducing the system’s efficiency or interoperability. The Quant system is the first platform to be built based on a blockchain operating system. The Quant operating system was designed based on a distributed ledger technology. The system is able to connect […]
What is Huobi Token (HT)?
Huobi token is the Huobi Global cryptocurrency exchange native token which is a decentralized electronic asset that is based on the Ethereum ERC-20 specifications. In general, the value of the Huobi token is to some extent hinged on the reputation of its mother platform, the Huobi Exchange, however, other factors could also affect changes in […]
What is TrueUSD (TUSD)?
TrueUSD is a cryptocurrency pegged to the United States dollar at a 1:1 ratio which promotes the increased liquidity volume to its participants via its nature of being a stablecoin. The platform was first launched to a small number of investors in January 2018, but shortly after, the platform grew to amass $400 million in […]
What is OKB (OKB)?
The OKB platform is a cryptocurrency exchange service that gives holders of its dedicated cryptocurrency access to special features such as reduced transactional fees, as well as governance and voting power on the network. OKB was originally released by the OK Blockchain Foundation and the Maltese cryptocurrency exchange OKEx. Globally, the exchange currently ranks fourth […]
What is Shiba Inu (SHIB)?
Shiba Inu is a decentralized cryptocurrency community that allows its participants to hold trillions of its tokens. The Shiba Inu cryptocurrency is relatively new and is currently controlling a significant part of the Dogecoin market. Nicknamed the “Doge killer”, the Shiba Inu platform allows for the development of community building experiments within its ecosystem. The […]
What is Synthetix (SNX)?
The Synthetix system is a decentralized financial platform that allows users to gain direct access to a wide variety of digital assets such as gold, stock, and cryptocurrencies without having any holdings in the underlying resource. The protocols being used by the system are based on the Ethereum blockchain and offer participants on the network […]
What is TerraUSD (UST)?
TerraUSD is the decentralized and algorithm-based stablecoin of the Terra blockchain. The yield-bearing potential of the platform is pegged to the US dollars, thus making it a digital asset of value. The creation of the TerraUSD platform was designed to make the existing Terra network more valuable. The platform delivers this value by providing a […]
What is Yearn.Finance (YFI)?
Yearn.Finance is a collection of protocols that are being run via the Ethereum blockchain which allows participants on the platform to optimize their crypto-asset earning power through trading and lending services. Out of a constantly increasing number of decentralized financial platforms, Yearn.Finance allows the enjoyment of its services by its users by making use of […]
What is Zcash (ZEC)?
Zcash is a DeFi cryptocurrency platform that is focused on the delivery of anonymity and privacy for transactions. This is made possible on the platform through a zk-SNARK zero-knowledge proof mechanism which grants access to nodes on the platform to verify transactions without revealing any of the sensitive data required for the transaction. In a […]
What is Tezos (XTZ)?
Tezos is a Blockchain-based network that supports the creation of smart contracts. In many ways, the Tezos network is similar to the Ethereum network. However, the Tezos network has some distinctive factors, one of which is its interface. Apart from its user interface, the Tezos platform also offers its users a more advanced infrastructure. The […]
What is Axie Infinity (AXS)?
Axie Infinity is a trading and video game platform that is blockchain-based and partly owned and controlled by the participants of the platform. The concept of the platform is based on inspirations from classic games like Tamagotchi and Pokemon. The gaming part of the platform features a flexible open-ended sequence that allows the participants to […]
What is Cosmos (ATOM)?
There are over 10,000 dApps, tokens, and coins listed on popular exchange platforms with each uniqueness. Starting from the pioneer cryptocurrency coin, Bitcoin, used as a form of exchange and legal tender. Ethereum is used as a general smart contract and also as a form of legal tender. These developments were plagued with different setbacks […]
What is Neo (NEO)?
Neo is a platform created to support the development of blockchain-based digital assets as well as smart contracts. According to the company, it advertises itself as a “rapidly developing” platform with the grand goal of laying the foundation for the next generation of the internet. A community where economic products and payments for those products […]
What is UNUS SED LEO (LEO)?
UNUS SED LEO (LEO) is the native utility token used for executing transactions on the iFinex ecosystem. The token is relatively new and has a design structure that allows for the extension of user capabilities across the iFinex platform as a whole. The index is a subset of Bitfinex company, a platform for executing a […]
What is The graph (GRT)?
The graph is a decentralized protocol that allows developers, users, and merchants to organize, query, and index blockchain data. It can successfully read extremely complex data directly from the blockchain, with more recent successfully read projects like Uniswap and NFTs like Bored Ape Yacht Club. The graph network or ecosystem consists of 3 major parties […]
What is Maker (MKR)?
The Maker platform allows its users to take out loans through its smart contract lending platform by locking-in in the place of DAi. MKR is the token used for governance on the Maker DAO, and maker protocol at large. Both of which are Ethereum based decentralized blockchain platforms in which the users are allowed the […]