In the rapidly evolving world of decentralized finance (DeFi), yield farming has emerged as one of the most popular and profitable ways to earn passive income from cryptocurrency holdings. Often described as the "Wild West of crypto," yield farming allows users to lend or stake their crypto assets in exchange for high returns - sometimes reaching triple-digit annual percentage yields (APY).
At its core, yield farming leverages the liquidity needs of decentralized protocols by offering rewards to users who provide capital. While the potential returns can be significant, the strategies often come with considerable complexity and risk. Platforms such as finance phantom offer tools and automation for traders looking to incorporate yield farming into broader trading strategies without getting lost...
The rise of cryptocurrency has reshaped the financial landscape, unlocking new avenues of investment, digital ownership, and decentralized finance. At the heart of this revolution lies a critical tool: the crypto wallet. Whether you're a casual trader, a long-term investor, or a blockchain enthusiast, a secure and reliable wallet is essential to store, send, and receive digital assets. But not all wallets are created equal- there are different types, security considerations, and functionalities you need to know.
In this comprehensive guide, we'll explore the fundamentals of crypto wallets, how they work, the various types available, their pros and cons, and how to choose the right one for your needs. By the end, you'll have a thorough understanding of this essential...
It is true the continent of Africa had seen some major reforms this year. Millions of African people are now connected with the Internet better than ever. Also, inflation hitting hard in Africa countries needs an alternate solution to the central banks and Cryptocurrencies offers a battling chance for people in Africa.
There are about 600-700 Million mobile subscribers and it will grow more. This justifies that people in Africa have the tool to operate and manage the Cryptocurrency applications.
Africans are not well-equipped with jobs, investment education, financial resources, and therefore are more prone to Ponzi schemes built around cryptocurrency...
Stablecoins (or stable coins) seem to be more popular than sliced bread nowadays. I am just kidding of course, but crypto tokens that are backed, attached or tied to something that is deemed “stable” have certainly gained in popularity over the last year or so.
This call to fame is mostly a result of the price volatility and sharp decline in crypto prices that we’ve seen for most part of 2022 so far.
What are the pros and cons of stablecoins?
Pros of Stablecoins
The biggest pro, advantage or benefit of stable coins is probably the protection it afford - real or perceived....
The crypto-wave collapse continues with full force. Today, the leading digital coins continued to depreciate after their decline last week.
Serious losses were also noted with digital coins such as Cardone, Monero, throne, jota, dash and more were reduced by more than 10%.
What caused the unprecedented depreciation of crypto cells?
What is the reason for the exceptionally strong decrease in crypto cellular levels? Generally speaking, a "civil war", a result of last week's "hard fork" in the battlecake cache.
What is a "Difficult Fork"?
This term is linked to a change in the cryptographic protocol that is not comparable to older versions of the digital coin. For...
The infographic at the end of this article showcases top 8 women in Cryptocurrency.
In recent years, despite the buzz around cryptocurrencies, many people still do not fully understand what it is or how it has the potential to impact our economy, banking system, and other industries.
What’s more surprising is that many people are blindly getting into investing in cryptocurrencies without even fully understanding it.
Basically, a cryptocurrency is a digital asset that is represented by unalterable entries that are made in a distributed, shared database or a ledger which is spread out over a network of computers.
Each computer has a...
This infographic on learning about cryptocurrency isn't to give you all the finite details of how it works; potentially, that infographic could be as tall as the Empire State Building! What it does do, is provide you with an easy to reference combination of some of the most popular cryptocurrency resources.
You might have already heard of some of these and some could be completely brand-spanking new to you. Either way, all of these come highly recommended and are receiving rave reviews. Who knows, Satoshi Nakamoto himself—or themselves—might have even checked out one or two of them.
Learning cryptocurrency doesn't have...
Initial Coin Offerings (ICOs) are becoming an attractive fundraising method for companies looking to launch projects, with several startups and established companies choosing ICOs over IPOs (Initial Public Offering in stock markets), amid low regulatory requirements and the potential to raise high levels of funding.
In exchange for funds and support, investors receive a new cryptocurrency coin which they hope will rise in value with the success of the company. Investors can make big gains by investing in the right ICOs at the right time.
The infographic below shows eleven companies that have received millions of dollars from investors using...
OUTLINE
What is Ethereum?
Understanding what Ethereum is for beginners.
Who is the inventor and what inspired him to create ethereum.
The technology behind Ethereum.
What ethereum is used for and how does it work?
What are the benefits of Ethereum decentralized Platform?
What’s the drawback of decentralized applications?
I want to develop an app. How do I access Ethereum?
What apps are currently being developed on Ethereum blockchain?
An Ethereum fork
The future of Ethereum.
What Is Ethereum?
Vitalik Buterin in 2015 made a cryptocurrency called Ethereum. Ethereum is a public blockchain-based platform inspired by the Bitcoin platform. One of the main...
A cryptocurrency is a digital or virtual currency that is designed to work as a medium of exchange. It makes use of computer cryptography to secure and confirm transactions as well as to have control over the distribution of new units of that particular cryptocurrency.
Essentially, these digital currencies are limited entries within a database that no one can change unless they fulfill a set of very specific conditions.
Cryptocurrencies have become very popular investments recently, as they start to gain mainstream acceptance by major banks and financial institutions. Several online brokers let you get in on the action by offering...
OUTLINE
What is blockchain?
How does it work?
Why you should know about blockchain?
What Blockchain Technology Is Used For?
How can it be used in the wider enterprise?
The most prominent advantages/value of Blockchain.
The future of Blockchain.
What is Blockchain?
Blockchain technology operates as a common, cryptographically verified ledger, distributed across a broad decentralized network of computers (or nodes), largely known for its use in recording value transactions and exchanges.
Each ledger entry is considered a “block” in the broader “chain,” and each block is cryptographically validated by a consensus-based algorithm which is computed across the node network.
Each block is not added to the chain...
Let’s be honest: if you haven’t yet embraced the advent of cryptocurrency, you’re falling behind the curve. Early adopters made thousands (or even millions of dollars) off of their initial investment, and those who deal in Bitcoin and other cryptocurrencies today experience a host of conveniences and benefits because of the revolutionary technology.
As big banks and governments start to understand how to adopt blockchain technology to suit their purposes, it’s becoming clear that crypto means secure, instantaneous transactions with little room for security breaches, meddling and fraud.
If you still think that crypto is primarily a fringe phenomenon, just look...
Like almost any cryptocurrency in the market, Ethereum was making headlines at the end of 2017 with its explosive annual growth in ETH/USD of around 10,000%. Although things have changed radically since then, many still expect Ether to “go to the moon.” But is it a realistic expectation?
Where We Stand Now
Ethereum co-founder Vitalik Buterin says the heady days of “1,000x price increases” are over for the cryptocurrency market. Following this assumption, cryptocurrency should be traded less like a speculative investment but heading to real-world adoption and usage.
If you are shopping for insurance, booking travel, gaming, buying entertainment tickets, or...
Firstly, what is Blockchain Technology? To put it just, blockchain creates a digital, distributed and decentralized ledger that records transactions and data in a transparent and immovable manner. This decentralized technology does not require the help of any intermediaries like financial institutions.
What we mean to say is that this way of processing is entirely new, which does not require the involvement of the currently available banking networks.
Blockchain was first introduced along with the invention of Bitcoin in 2008, with the practical invention coming in the year 2009.
You might not know this, but, the concept of electronic cash or digital...
In Africa, the word ‘Blockchain’ was once strange, but now, it is slowly gaining grounds and it’s becoming the engine that will be used in the nearest future to power great innovations that will be embarked on in the continent. Blockchain movement in Africa has followed the usual cryptocurrency trade and different sectors of the economy all over the continent is beginning to envision its relevance and application.
In recent times, Africa has been taking giant steps in leading happenings in the world, so it is not a surprise that the interest of Africa is now on blockchain technology
Even though...
There was this mania called the ‘Dutch tulip mania’ recorded to be the first ever speculative bubble. It saw people even going to the extent of even selling the homes they were living in, just to invest in the tulip flower.
Same speculative bubbles have been suggested about cryptocurrency ever since their introduction into the market.
Despite the speculations and controversies, investors have poured money into the digital currency.
What is Crypto Currency:
It is a digital form of currency that works on an encryption technique. Bitcoin is a type of Cryptocurrency. There are nearly 7000 cryptocurrencies, but only 10 of those are...
XRP has had a tremulous time of late, with its price on a downward trend and very little in a way of showing a rebound. But is this to be expected? Will XRP continue to devalue? What is causing this drop in the XRP price?
Where does XRP stand now?
Despite turning ‘red’ and losing around 5% in value overnight, XRP still keeps its rightful 3rd place in the list of the largest cryptocurrencies by market cap. As of August 30, 2018, XRP has a market cap of $13 billion, and a price of $0.33, which makes it one of the...
The world of technological innovations keeps evolving and hardly waits for those unwilling to adopt such changes. It is widely said that cryptocurrency will do to fiat (local currency) what email did to writing of letters.
However, the manner with which most of us in this part of the world heard about bitcoin closed our minds to the beautiful opportunities presented by cryptocurrency. Bitcoin was created in 2008, but most people heard about it through Ponzi schemes many years later.
The horrible experiences people had with such platforms has made it so difficult for them to embrace cryptocurrency for what it...
The world of cryptocurrencies has evolved over time and the argument is no longer whether crypto coins are here to stay or not.
Instead, the question has tilted more towards which coin will retain global dominance or which coin will overtake it, who will gain or who will lose.
On the global market of digital coins, it is not uncommon to pitch giants against each other and examine them side by side to see which one passes the test as a more viable investment option and, in the long run, which of the two will survive as a market leader and...
Are you wondering how to buy and sell Bitcoins and Altcoins in Nigeria? Of course, you are. It’s quite natural to worry about how you can exchange your cryptocurrency without getting scammed. Therefore, NGexchanger exists. The obvious question is,
What is Ngexchanger?
It’s a subsidiary of an ICT company, Nyxel Integrated service that offers digital currency services. In fact, NGexchanger is currently the leading and most trusted website where you can buy and sell Bitcoin, PerfectMoney, Ethereum, Ripple, Bitcoin Cash, and other cryptos in Nigeria.
Ngexchanger also provide Bitcoin wallet services, one can generate bitcoin address, send, receive and store bitcoin on...
Since the advent of Bitcoin in 2009, many other cryptocurrencies like Monero (XMR), applications, and operating systems based on the blockchain technology have sprung up; each with their individual unique features. From platform decentralization to pseudonymity, to faster transactions speed, and voluminous transaction quantity etc., many developers have invented (and are still trying to invent) several blockchain platforms that will better those previously launched in past.
Monero (XMR) is another blockchain network whose products and methodologies offers new innovations and features that previous blockchain networks like Bitcoin and Ethereum lacked.
Monero was launched in 2014 by 7 developers, out of which...
In the last 9 years, we have witnessed the birth and rise of so many currencies in the crypto scene; many thanks to the Blockchain technology (which doesn't quite get enough accolades as people focus only on the financial and trading aspect of crypto coins and are quick to forget the originator).
Stellar Lumen (XLM), the NEO (NEO) and the Cardano (ADA) are examples of cryptocurrencies that were launched between 2014 and 2015... and was once one of the top 10 cryptocurrencies in the world, but now at number 39 (according to CoinMarketCap's market capitalization rating).
The EOS cryptocurrency is another...
Due to the ever-increasing volume of money transfer from Malaysia to Nigeria, Remitano, a global escrow-marketplace, has just launched a smart, free, and safe...
By providing interoperability, decentralized oracle services, and enhanced efficiency, Cosmos is shaping the future of prediction markets. In this article, we explore the role...
