Blockchain and Crypto Blog

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

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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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DeFi Token Industry Review - Understanding DeFi Tokens in 2021

Written By Ivan on Tech

Jan 07, 2021

Decentralized Finance (DeFi) has taken the crypto world by storm over the past year, as 2020’s “Summer of DeFi” propelled many projects and tokens into the spotlight. Now, with record amounts of value locked in Ethereum-based DeFi platforms and a multitude of top-performing DeFi tokens showing incredible price action, it seems only fitting that we bring you this DeFi token review. It’s time to reflect on the progress made in the DeFi space and see just how far this industry has come in such a short time. Furthermore, we want to look to the future and see how DeFi is set to disrupt the legacy financial system. 

In this article, we’re going to provide a comprehensive overview of the top-performing DeFi tokens and projects. We’re going to look at how decentralized finance works and the promise it holds for the future. Also, this DeFi token review will include an analysis of the projects behind the DeFi tokens and the use cases that give them...

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DeFi Deep Dive - What is Exeedme and the XED Token?

Written By Ivan on Tech

Jan 02, 2021

You may have heard of the “Exeedme” blockchain-powered gaming tournament platform and the XED token. In short, Exeedme is a blockchain gaming platform that seeks to revolutionize the industry by giving gamers, developers, and organizers a place to monetize their skills. They plan to do this through the power of decentralized finance (DeFi) and non-fungible tokens (NFTs). 

Furthermore, with over 2.7 billion gamers worldwide, that means that one out of four people in the world play video games. It also means that the gaming industry is twice the size of the movie and music industry is combined.

That makes for a vast marketplace, but the creators of Exeedme believe many things are still lacking in the space. They want to give gamers a place to exercise a real sense of ownership and earn money when they play. The team has laid out a list of inadequacies with outdated game monetization models. Let’s take a look at some of the problems and how Exeedme hopes to...

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DeFi Deep Dive - Explaining DeFi Attack Vectors and Prevention

Written By Ivan on Tech

Dec 29, 2020

Ever since the inception of the decentralized finance (DeFi) field, the world has seen massive improvements brought about to rival legacy financial systems. As you will likely already know, DeFi potentially holds the keys to banking the unbanked and truly democratizing finance. Nevertheless, there are still some speed bumps ahead that could slow the mainstream adoption of decentralized finance solutions. While DeFi is making significant advancements, the same old attack vectors keep haunting us. Today we’ll look at the most prominent ones.

If you want to learn more about DeFi, blockchain, and cryptocurrency in general after reading this article, you should definitely consider enrolling in Ivan on Tech Academy. At Ivan on Tech Academy, you’ll join over 30,000 already enrolled students, and you can watch some of the countless real-life success stories brought about by the Academy through testimonials. Supercharge your crypto career by learning from experts in the field by...

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DeFi Deep Dive - What is DeFi with Bitcoin?

Written By Ivan on Tech

Dec 26, 2020

Anyone familiar with the cryptocurrency industry will know that the Decentralized Finance (DeFi) field is growing at a tremendous rate. In fact, during 2020, DeFi was one of the single hottest trends in the crypto world. DeFi is revolutionizing the financial industry, and it is all possible due to blockchain technology. The dominant platform when it comes to DeFi has always been Ethereum - however, there is no guarantee that Ethereum-based DeFi solutions and dApps will keep dominating this field. 

One of the major drawbacks of Bitcoin is often cited as being the lack of native support for smart contracts, and more functionality than merely just smooth transfer of wealth. With that said, though, there are some workarounds to allow for Bitcoin-based DeFi solutions and dApps.  In this article, we are going to explore how Bitcoin DeFi can develop and how it is possible to build smart contracts utilizing the Bitcoin blockchain.

With that said, however, you should first aim to...

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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 - Top DeFi Hacks of 2020

Written By Ivan on Tech

Dec 22, 2020

It’s no secret that the Decentralized Finance (DeFi) field has exploded in 2020. The year started with DeFi, claiming approximately $700 million in total value locked (TVL). However, that number has rapidly ballooned to $16 billion, according to DeFi Pulse. Unfortunately, new investors weren’t the only ones attracted by the big numbers. A fair share of hackers has climbed aboard to profit as well. 

With the DeFi industry still in its infancy and founders in a hurry to launch, it’s no surprise that they made some mistakes. However, some of the hacked protocols had gone through proper smart contract security audits and still got hacked. Alas, such are the risks associated with a nascent industry.

DeFi protocols are hardening and becoming more resilient, but 2020 was still a profitable year for hackers. In the first half of the year alone, DeFi hacks amassed over $51 million. Meanwhile, with half of December gone, that number has practically doubled to over $100...

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DeFi Deep Dive - What is Akropolis?

Written By Ivan on Tech

Dec 18, 2020

Akropolis is a DeFi protocol on a mission to help its users grow their wealth safely without depending on a central authority or multiple intermediaries. They seek to accomplish their goals with their lending and savings product set, namely, Sparta, Delphi, and the AkropolisOS framework.

Sparta offers undercollateralized loans, which is unique in a space so overpopulated with overcollateralized loan offerings. Delphi is under development, and it is a pool that executes automatic dollar-cost averaging (DCA) into Bitcoin (BTC) and Ethereum (ETH). It targets those looking to diversify their long-term investment portfolio. 

Akropolis has also built a framework for creating for-profit decentralized autonomous organizations (DAOs) that works with a bonding curve mechanism. We’ll explore each of these in-depth in the next section.

First of all, however, you should look into the general fundamentals of DeFi. You’ve probably already heard of Ivan on Tech Academy, seeing as...

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Exploring Crypto Insurance & Decentralized Insurance

Written By Ivan on Tech

Dec 14, 2020

Development within the blockchain industry keeps accelerating rapidly. The continued growth of decentralized finance has given birth to several innovative crypto insurance solutions aimed at protecting against smart contract failure and other technical issues that needlessly result in huge losses in DeFi. Furthermore, blockchain is being used to solve real-world problems by providing decentralized insurance to those that need it the most.

In this article, we shall explain exactly how blockchain in the insurance industry can be implemented, and the benefits of doing so. Alongside this, we will explore the different crypto and decentralized insurance policies that can be covered. Followed by a list of projects that are currently creating decentralized insurance protocols, that are live and are being used now!

If you’re reading this wondering ‘is it too late to get into cryptocurrency or blockchain?’, the answer is definitely not! The industry is still in the...

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