Ivan on Tech Academy provides latest insights and reports about the blockchain industry.
Those in cryptocurrency or blockchain circles will likely have heard of decentralized finance, commonly referred to as DeFi. The DeFi sector has grown hugely over the past few months and can be understood as a movement of projects that can substantially boost financial inclusion. This comes as “banking the unbanked” is a real challenge faced by people worldwide. Could the DeFi sector hold the keys to banking the unbanked? Some people certainly believe so.
Specifically, DeFi can be seen as advancing the use case applications of blockchain technology from simple value transfers - such as with crypto transfers - to increasingly complex financial uses. In fact, decentralized finance looks to offer decentralized alternatives to traditional financial instruments, as well as entirely new financial products. This is why many herald decentralized finance as a potential paradigm shift for finance.
As such, DeFi potentially holds the keys to massively disrupting the...
Cake DeFi is a revolutionary concept in bringing cash flow to crypto holdings. The platform was launched over a year ago with the vision to be a one-stop platform for easily generating yield – not just on crypto assets, but via a multitude of financial services.
Cake aims to be the gateway for millions of users to easily and safely attain high yield on their assets. Such yields are usually only offered to institutional investors, or the technically savvy crypto trader. But Cake DeFi is here to break down these barriers.
At present, Cake DeFi offers lending and staking services. To overcome the fears of bad actors in the industry, the company prides itself on its highest level of transparency in all levels of its offerings. Its secondary distinguishing features are its thoughtful user interface and user experience, and quick and genuine customer service.
At the core of Cake’s services is its Lapis lending products. Cake offers 9%...
One of the main draws of cryptocurrencies such as Bitcoin is that they are decentralized. However, at what point does crypto’s interoperability with the traditional financial system make it all part of the same centralized entity as legacy financial systems? As you will likely know, Bitcoin can be traded like a stock or share, and crypto exchanges are acting increasingly as traditional banks, so is crypto becoming centralized? Some signs are arguably pointing towards that. However, as this is going on, the world of decentralized finance (DeFi) is flourishing. So, what is the state of crypto - is it in risk of becoming centralized, or is crypto truly decentralized?
New decentralized finance (DeFi) projects are popping up almost every day, with many of them being unaudited, unregulated and more or less decentralized. In this article, we’re going to look at the spectrum of decentralization within the crypto space, and how different schools of thought are creating...
In the years following its inception back in 2009, Bitcoin was regarded as somewhat of a - however undeserved - poster-boy for cybercrime and illegal activity. Over the past decade, if you asked anyone in the street what they thought about Bitcoin, the small minority that had even heard of it would likely have told you that it’s either a scam, a Ponzi scheme, or only used for illegal purposes. However, this erroneous view is quickly changing.
Little would those calling Bitcoin a scam know that a decade later, the revolutionary power of the blockchain would immerse across the entire financial landscape, changing how we view money and how we transact forever. Now, Bitcoin and the wider cryptocurrency sector is much more recognized than it was just a few years ago. Moreover, the introduction of CBDCs shows cryptocurrencies are just the latest of a growing number of different types of currencies.
However, seeing how massively the cryptocurrency space has changed over the past ten...
Uniswap is arguably the most popular decentralized exchange (DEX) on the Ethereum network, boasting over $2.7 billion in total value locked (TVL) at the time of this writing. To be more specific, Uniswap is an automated market maker (AMM). It allows anyone to swap ERC-20 tokens without having to find a buyer or seller on the other side of the trade.
Through being a DEX, people can use Uniswap in a trustless manner. They don’t have to deposit their funds or KYC identity documents to a central server where they can be hacked. After all, hackers do break into centralized exchanges (CEXs) quite often. So, to its credit, Uniswap has never had a hack or major bug inflict damage to its protocol. This has led to ever-increasing trust and has helped Uniswap vault to the top of the DeFi Pulse rankings.
The decentralized finance (DeFi) sector is hotter than ever, and Ivan on Tech Academy is your guide to all things blockchain-related, such as DeFi. What’s more, Ivan on Tech Academy...
Are you confused about all the different types of currencies available in 2020? Ever since 2008, there has been an increase in the number of different currency terms and definitions to wrap your head around. As the world is going digital, it makes sense that our finances and financial services will migrate online too. However, there are some critical differences between the traditional currencies and the digital assets that are worth getting educated in, in order to preserve your wealth and prevent it from being controlled or lost.
In this article, we break down the different definitions of the key currencies available today, explaining the history and use cases for each. It is crucial that you truly understand the distinctions between currencies as we head towards the digital financial revolution. The term “decentralized finance”, or DeFi, is often thrown around, and could hold the keys to a paradigm shift for traditional finance.
Before getting into the different types...
Yearn Vaults (stylized as yEarn Vaults) are one of the more exciting things happening in the decentralized finance (DeFi) space right now. Yearn Vaults are the brainchild of Yearn Finance, and comes as a response to the recent yield farming and liquidity mining trends. Specifically, Yearn Vaults are pools of funds following certain strategies, which attempt to provide passive income streams through competitive yield farming strategies.
Keeping this in mind, Yearn Vaults mainly appeal to risk-tolerant traders. However, before we jump into the specifics of Yearn Vaults, let’s do a quick rundown of the yearn.finance protocol and see exactly what it does.
In need of a refresher on Yearn Finance? The Ivan on Tech Academy blog has an extensive guide to Yearn Finance, and if you are looking to learn more, countless Ivan on Tech Academy courses are just a click away! Choose between loads of cryptocurrency and blockchain courses and supercharge your blockchain education!
Those keeping tabs on the crypto market will likely have heard the term “Ethereum 2.0” (or Eth2) being thrown around. As the name suggests, Ethereum 2.0 is an overhaul of the existing Ethereum network, intended to boost scalability and security on the network. A critical part of the path towards Ethereum 2.0 is the “Zinken testnet”, which went live on October 12th, at 12 PM UTC. However, what is the Zinken testnet exactly?
To put it simply, Zinken is an Ethereum 2.0 testnet intended to practice a mainnet launch. It can be seen as a “dry run” for an Ethereum 2.0 mainnet and is essential to complete before Ethereum 2.0 goes live and starts supporting substantial economic value.
Although the existing Ethereum network has served a real value, it is becoming increasingly apparent that Ethereum needs improvements to support higher volumes of users. This is becoming more pronounced than ever, as Ethereum adoption keeps increasing.
This year, some of the biggest developments in the cryptocurrency industry have been due to the uptick in decentralized finance (DeFi) platforms, offering many of the same services as the legacy financial institutions, but on-chain. This is why we are now breaking down the top 10 DeFi platforms according to the Defi Pulse listing.
There have been countless projects, some with huge success and popularity from users. In this article, we have collated the top 10 DeFi platforms as of the time of writing, from DeFi Pulse - the best place for tracking DeFi analytics and key metrics.
We have described a brief overview and background in addition to the services the platform provides. Moreover, welcome to Ivan on Tech Academy - the best place to learn about all things blockchain and crypto, and keeping up-to-date with the latest developments in the space.
In addition to the top 10 DeFi platforms that are hot right now, this also includes countless blockchain and cryptocurrency courses. Check...
As long as you haven’t been living under a rock, you will likely have heard of Bitcoin. You may know Bitcoin as the revolutionary digital currency, or you may have been led astray by the baseless rumours that Bitcoin “is only used for dark web online purchases” or illegal activities. However, this couldn’t be further from the truth. Bitcoin and other cryptocurrencies like it are rapidly becoming widely accepted both in institutional sectors and in the wider society. With growing interest, a lot of people are now asking ‘Where can you actually spend Bitcoin?’.
In this article, we cover an assortment of various locations around the world that are accepting Bitcoin as payment for their goods and services alongside global partnerships with crypto services. Firstly though, let’s review why Bitcoin has grown to be so popular and has been claimed it will reset the entire global financial infrastructure.
First of all, though, crypto adoption is...