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 Injective Protocol (INJ)?

Written By Ivan on Tech

Oct 27, 2020

The launch of the Injective Protocol has caused a wave of headlines and speculative video content across the crypto ecosystem. The project appears to have solid foundations with a credible team of developers and advisors, who have previously worked in large tech or other blockchain projects. The whitepaper for Injective Protocol was released in December 2018, avoiding the ICO hype, successfully receiving funding from venture capital firms, other DeFi platforms, and a public IEO through the Binance Launchpad. 

The Injective Protocol team has been busy developing the latest tweaks and updates to ensure quality efficiency with the protocol, evident from the history of activity on their Github profile. Injective Protocol is the first successful project that has been developed and launched through both the Binance Labs and Binance Launchpad. So, what is it that makes Injective Protocol more than just another DEX?

In this article, we’ll explain how the protocol works, the token...

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DeFi Deep Dive - What is a Decentralized Exchange (DEX)?

Written By Ivan on Tech

Jul 28, 2020

A decentralized exchange, or more commonly a “DEX”, is one of the most fascinating aspects of the DeFi revolution. As you may already know, DeFi, is a movement wherein developers create decentralized alternatives of various traditional legacy financial institutions and products. The DEX is the decentralized version of an exchange, such as a crypto exchange. Before we answer the “what is a decentralized exchange” question, let’s learn about traditional exchanges and its many flaws.

What is a cryptocurrency exchange?

Centralized cryptocurrency exchanges are often the first point of contact that people have with the crypto world. The chances are that if you have cryptocurrency, you must have bought it from one of these exchanges. The exchanges act as a portal between the “real” world and the crypto world. 

Now, don’t get us wrong. While they have plenty of flaws, they certainly have some advantages, as well.

  • They enjoy consistently...
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The Kyber Network - Decentralized Exchanges and Kyber

Written By Ivan on Tech

Jul 10, 2020

The Kyber Network offers a way to swap ETH and other ERC-20 tokens instantly without a centralized exchange (CEX). Kyber’s popularity has soared in 2020. In fact, the popularity of Decentralized Finance (DeFi) as a whole has. Just look at how the total value locked in US dollars has grown over the past few years:

  • 2018: $190 Million
  • 2019: $638 Million
  • 2020: $2 billion

The DeFi ecosystem consists of decentralized exchanges, insurance, stablecoins, synthetics, and money markets. Today, however, we will be focused on decentralized exchanges—specifically the Kyber Network—a fully on-chain liquidity protocol.

Decentralized Exchanges

If you read the previous article, “Decentralized Exchanges – What Is A DEX?”  then you already know some of the advantages of trading on a DEX. They are: 

  • Pseudo-anonymous: You can participate without filling out lengthy forms, providing background info, or an official ID. 
  • Automatic: So long as there is...
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decentralized exchange decentralized exchanges defi dex

Decentralized Exchanges - What Is A DEX?

Written By Ivan on Tech

Jul 03, 2020

While token prices in the crypto market have been sleepily drifting sideways, for the most part, decentralized finance (DeFi) has been pumping and is currently the most exciting place to be. And decentralized exchanges (DEXs) are part of that ecosystem. 

What is a DEX?

A DEX, or decentralized exchange, is mainly a type of cryptocurrency exchange. It operates like a stock exchange, except it is run by a smart contract on the Ethereum blockchain that enforces rules and executes trades. Users can trade cryptocurrencies and DEXs do not require a centralized authority to operate, but they do need access to a reliable source of liquidity to service their users.

To better understand how they operate, let’s compare a DEX to a centralized exchange (CEX). 

Financial exchanges are where users buy and sell financial assets. Traditionally, the CEX takes orders from buyers and sellers and takes custody of their assets. DEXs do the same thing but without...

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