Blockchain and Crypto Blog

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

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What is Polygon Network and MATIC?

Written By Ivan on Tech

Mar 16, 2021

Rebranded from “Matic Network” in February 2021, Polygon is a layer-2 network designed to bring mass scalability to Ethereum and interoperability between other blockchains. Retaining the MATIC cryptocurrency ticker, Polygon is evolving into a platform to help developers bring products to market quickly. This is achieved using customizable, modular blockchain network tools and services that harness the power of the Ethereum network, without the drawbacks associated with high transaction fees and network congestion. As such, layer-2 solutions are drawing a lot of attention as the crypto industry looks to expand and interoperate.

Described as “Ethereum’s internet of blockchains”, Polygon has become a compelling alternative for several new up-and-coming projects as the completion of Ethereum 2.0 still lurks somewhere in the distance. This is largely due to the high throughput and low gas fees experienced by users and developers, afforded by...

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What is Nord Finance and the NORD Token?

Written By Ivan on Tech

Mar 11, 2021

There are hundreds of new decentralized finance (DeFi) applications popping up, with new utility tokens, crypto launchpads, and non-fungible tokens (NFTs) among some of the most popular trends in 2021 so far. Nord Finance is focusing on creating additional utility and profitability to stablecoins, a seemingly less exciting form of digital assets compared to their more volatile cryptocurrency counterparts. Nevertheless, stablecoins play a vital role in the cryptocurrency infrastructure and are often a key part of any crypto investment portfolio. The Nord Finance ecosystem and its native NORD token are allowing users to stake, farm, and earn high interest on a range of stablecoins. Moreover, this is achieved by minimizing risk whilst maximizing rewards. 

In this article, we’re going to dive deep into the Nord Finance ecosystem and discover the services on offer. Moreover, we’ll discuss the function and utility of the NORD token, and how users can earn over 100%...

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DeFi Deep Dive - What is Instadapp?

Written By Ivan on Tech

Mar 08, 2021

The decentralized finance (DeFi) sector is arguably hotter than ever, and has grown at a tremendous rate in the past year. In fact, the DeFi industry has grown from around $1 billion in Total Value Locked (TVL) in March of 2020, to around $38 billion as of today, according to DeFi Pulse. This highlights how the DeFi industry is one of the hottest trends in crypto and how money is pouring into the sector. Not only has the amount of money locked in DeFi projects increased, so has also the number of decentralized applications and solutions. However, the sheer number of various alternatives creates problems for users, as functionality becomes spread out across many different platforms. To make the users’ lives easier, we have been provided with a solution in the form of Instadapp. 

When navigating the regular financial world, users can perform most of the functions from their regular banks. This means that there is one single platform that provides various important...

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DeFi Deep Dive - What is PancakeSwap and the CAKE Token?

Written By Ivan on Tech

Feb 07, 2021

You might be forgiven for thinking that food-themed cryptocurrencies were just a ‘flash in the pan’, so to speak. To an extent, you may have even been correct. The yield farming frenzy during Summer 2020 produced several food-based yield farming protocols and tokens. PancakeSwap is a decentralized cryptocurrency exchange (DEX) built on Binance Smart Chain (BSC), powered by the BEP-20 Pancake token (CAKE). The CAKE token is one of several tokens used within the PancakeSwap protocol and made available for token swaps. Similar to Uniswap, PancakeSwap is an automated market maker (AMM) and decentralized application (dApp) that features liquidity pools where users can earn fees from staking, lending, and yield farming.

In this article, we’re going to explore the PancakeSwap platform and the seamless yield farming experience it creates for users. Also, we’re going to look at the CAKE token and the other tokens used with the platform. Furthermore, we’re going...

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What is Alpha Homora and the ALPHA Token?

Written By Ivan on Tech

Feb 01, 2021

Fans of decentralized finance (DeFi) who are familiar with a particular children’s book series following the adventures of a young wizard may be pleased to hear that Alpha Homora is aiming to bring the magic back to DeFi. Launched by Alpha Finance Lab on Ethereum mainnet and powered by the ERC-20 ALPHA token, Alpha Homora is a leveraged liquidity and yield farming protocol. Coincidently, “Alohomora” is a spell in the Harry Potter universe for unlocking doors and windows. This begs the question, could Alpha Homora “siriusly” be unlocking the power of DeFi? Also, how many Harry Potter puns can we “Slytherin” to this article? 

In this article, we’re going to explore the various elements of the Alpha Homora protocol and Alpha Finance Lab. Also, we’ll look at the ALPHA token and how it is used across individual and multiple protocols. Furthermore, we’ll take a look at the Alpha Homora V2 update and the new features coming...

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What is Reef Finance and the REEF Token?

Written By Ivan on Tech

Jan 30, 2021

Reef Finance aims to make DeFi easy for everyone by providing a multi-chain on-ramp for yield optimization, protocol and liquidity aggregation, and proprietary analytics. Powered by Polkadot, Reef aggregates liquidity from both decentralized exchanges (DEXs) and centralized exchanges (CEXs) to provide reliable liquidity. Furthermore, Reef is lowering the perceived technical barrier into DeFi by serving a simple, all-in-one DeFi solution. Also, the REEF token plays a key role in the Reef Finance ecosystem, but what is Reef Finance?

In this article, we’re going to explore the Reef Finance ecosystem and the reasons behind its popularity. Also, we’ll look at the REEF token and the various functions it serves. Furthermore, we’re going to explain exactly how Reef Finance makes it so simple to manage cross-chain liquidity aggregation and cross-chain yield optimization.

DeFi looks set to become a key part of the future of finance. If you want to familiarize yourself with...

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DeFi Deep Dive - What is SuperFarm?

Written By Ivan on Tech

Jan 29, 2021

SuperFarm is a decentralized DeFi protocol, complete with a cross-chain platform for NFT farming, and it promotes token utility. That might sound like a mouthful, but don't worry. If you're new to crypto, we'll explain what all of that means. And since we know all about the many decentralized finance (DeFi) platforms and protocols out there, we'll also explain what makes SuperFarm different.

But before we do, let's look at the traditional options a crypto speculator has after investing. There are only two when it comes right down to it - sell or hold. And many times, when a speculator gets involved early, the project launches without a product. That means its token has no immediate use case. Because the period between the token sale and product delivery can take a long time, the only option for investors in these situations is to “grind their teeth” and wait it out.

What is SuperFarm?

However, with the introduction of DeFi, there is a third solution besides "sell or...

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Exploring 1inch Exchange and the 1INCH Token

Written By Ivan on Tech

Jan 26, 2021

Since the 2020 Christmas airdrop of the 1INCH token, 1inch Exchange has gained great popularity among users of decentralized finance (DeFi). The decentralized exchange (DEX) aggregator made a name for itself after tackling the issue of high slippage for traders and arbitrageurs profiting at the expense of liquidity providers (LPs). With the addition of the Mooniswap automated market maker (AMM), 1inch Exchange seems to be expanding into new territory. But, what is 1inch Exchange, and why is it becoming so popular?

In this article, we’re going to discuss the 1inch Exchange DEX aggregator and the recently launched 1INCH token. We’ll explore the impact of the 1inch Network on the cryptocurrency space and the project’s continued innovation. Furthermore, we’re going to look at the Mooniswap platform, and why 1inch Exchange is positioned to provide a great deal of utility to users of DeFi in the future.

If you're new to DeFi and unsure how to use decentralized...

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DeFi Deep Dive - What is Badger DAO?

Written By Ivan on Tech

Jan 18, 2021

The growth of the decentralized finance (DeFi) field has been fast-paced over the past year, and it has introduced a long list of fascinating projects. What’s more, the Total Value Locked (TVL) in DeFi has risen sharply, as you can see in the chart below. One of these interesting projects is that of Badger DAO and its BADGER token, with which it looks to accelerate the use of Bitcoin in DeFi.

We’ve also seen Yearn.Finance lead the charge against investor-backed projects and instead replace it with their “fair token launch” model. In this kind of model, the community takes ownership of the project from the start. Another leap forward has been the increasing demand for Bitcoin on the Ethereum blockchain.

Many would argue that Bitcoin is the soundest method of exchange or collateral ever invented. Bitcoin usage in DeFi used to be confined to the tiny ecosystem on the Bitcoin network until protocols emerged, allowing Bitcoin holders to wrap their BTC on Ethereum...

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Making Sense of Traditional Finance and CeFi vs DeFi

Written By Ivan on Tech

Jan 13, 2021

Today, more or less everything is digital - and that even includes conventionally analog fields, such as finance. A few decades ago, the traditional finance field looked more or less like it had always done. However, innovations in technology, payment processors, and applications have now made it possible for centralized finance (CeFi) and decentralized finance (DeFi) solutions to offer the same services historically offered within traditional finance. Sometimes it can be challenging to get your head around the differences between CeFi vs DeFi, and how these differ from traditional finance (sometimes known as TradFi). However, fear not - we are here to help explain traditional finance and CeFi vs DeFi!

In this article, we’ve broken down these three common forms of financial infrastructure. Furthermore, we discuss the pros and cons of each while looking at the many crossovers that occur between them. We explore how CeFi vs DeFi applications may not be competing but...

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