Blockchain and Crypto Blog

Ivan on Tech Academy provides latest insights and reports about the blockchain industry.

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DeFi Deep Dive - Exploring the Graph Network and GRT Token

Written By Ivan on Tech

Dec 25, 2020

Those keeping an eye on the crypto market may have come across the Graph Network, commonly referred to as “the Graph”. The Graph is a decentralized query protocol designed for blockchains. Moreover, The Graph Network aims to make it easy to build dApps on Ethereum and storage networks like InterPlanetary File System (IPFS). Specifically, this is achieved using GraphQL. The goal of The Graph Network and the native GRT token is to build a decentralized, next-generation web3 layer that cannot be monopolized. 

After three years of development, The Graph protocol launched on the Ethereum mainnet on the 17th of December, 2020. Since its launch, the GRT token has gained significant popularity, seemingly jumping out of nowhere, straight into the top 50 largest cryptocurrencies.

In this article, we’re going to explore the broad utility of The Graph Network. Also, we’ll discuss the various components of The Graph protocol, the utility of the GRT token, and how The...

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DeFi Deep Dive - What is Matic Network?

Written By Ivan on Tech

Nov 25, 2020

New and exciting DeFi projects launch all the time, and it can be difficult to keep up with them all. More specifically, understanding project fundamentals, the services they can offer to users, announcements of partnerships and integrations can all seem abstract. Matic Network, on the other hand, a Layer-2 scaling solution utilizing Plasma side chains, has a very concrete use case. Put simply, Matic Network is a scaling solution underpinning dApps and DeFi applications, addressing some of the Ethereum Network’s scalability challenges.

In this article, we do a deep dive on the Matic Network, the team behind it, the different use cases and services it provides, and why this project could become hotter than ever in the next couple of years. Matic Network uses a combination of the Plasma framework and Proof of Stake (PoS) to provide secure, off-chain computation offloading the main Ethereum chain.

However, before getting into the specifics of Matic Network, let’s preface...

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DeFi Explained: Kyber Network Provides Liquidity to DeFi and dApps

Written By Ivan on Tech

Jun 01, 2020

Decentralized Finance, also known as DeFi, is a quickly evolving and increasingly integral part of the blockchain space, especially on the Ethereum protocol. If proponents are correct, the technology could lead to greater financial autonomy among users while undercutting financial rent-seekers and reducing costs. During a time of unprecedented monetary policy and limitless quantitative easing, such an accomplishment has implications far beyond Ethereum and the DeFi space.

Nevertheless, as the financial system is re-engineered on-chain, several innovations are still required to establish ease and security of use as well as financial stability. The Kyber Liquidity Protocol is one such link in the chain, aiming to create a more fluid and user-friendly financial experience. Focused on creating a decentralized source of liquidity, this liquidity pool, market maker-like blockchain project is gaining traction as an increasingly integral part of the DeFi system.

Correlating The Kyber...

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dapps decentralized finance defi defi applications defi apps defi lending

Decentralized Finance: What Is DeFi and Why Do We Need It?

Written By Ivan on Tech

May 11, 2020

Over the last year, the term “DeFi” has caused quite a stir in the decentralized community. Many in the community believe that DeFi, or decentralized finance, can completely turn the global economy on its head by making the finance sector transparent and more easily accessible.  The DeFi movement leverages decentralized networks to transform old financial products into trustless and transparent protocols that run without intermediaries:

  • The pitfalls of traditional finance.
  • What is DeFi, and why do we need it?
  • DeFi use-cases and applications.

DeFi has a unique opportunity to craft a unique niche for itself in the space. There are currently 1.7 billion people around the world who don’t have access to essential financial services. However, with a simple internet connection, they will be able to access smart contracts and experience immense financial growth and security with DeFi. So before we look into the nitty-gritty of this revolutionary system, let’s...

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