Blockchain and Crypto Blog

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

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DeFi Basics - What is Decentralized Finance (DeFi)?

Written By Ivan on Tech

Jul 22, 2020

The finance industry is one of the most important in the world, and many may take it for granted. In fact, some may assume that nearly everyone in the world has a bank account and is connected to a bank. This, however, is a false assumption. In fact, nearly a fourth of the population remains “unbanked” - without access to existing financial infrastructure. According to a recent report from the World Bank Group, approximately 1.7 billion people worldwide still do not have any connection to a bank whatsoever. There is, nevertheless, a light at the end of this tunnel. The solution to this problem? Well, it could well be that of Decentralized Finance, or “DeFi”.  

The fact that one out of four people on the globe still does not have regular access to financial infrastructure is just the most visible manifestation of a larger problem. Specifically, it exposes how customers are essentially at the mercy of financial service providers. Current centralized...

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Why The DeFi Space Could See Huge Growth Over the Coming Years

Written By Ivan on Tech

Jul 05, 2020

One of the many fields of the economy that is ripe for disruption by the blockchain is the finance field. Virtually every part of the finance industry that traditional finance companies operate in is under threat from the blockchain. Over the last few months, the DeFi space market cap has risen dramatically, and this trend is set to continue over the coming years.

What is DeFi?

First of all, what is DeFi? DeFi stands for decentralized finance and refers to the ecosystem of financial applications built on the blockchain. This can be anything from decentralized exchanges to decentralized lending.

Projects such as Kyber Network (KNC) and 0x (ZRX) enable a decentralized and trustless exchange of tokens. Kyber “is an on-chain liquidity protocol that aggregates liquidity from a wide range of reserves, powering instant and secure token exchange in any decentralized application”. Their protocol can then be integrated into other applications such as websites or cryptocurrency...

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What is DeFi - A Brief Introduction to Decentralized Finance

Written By Ivan on Tech

Jun 14, 2020

Blockchain-driven innovation is heating up. However, Bitcoin is still the elephant in the room when it comes to discussing crypto with the average person. In terms of sheer brand recognition, it always wins hands down. However, there are more interesting things going on right now in the crypto space, and one of them is Decentralized Finance or DeFi.

Not to dismiss Bitcoin or minimize its role in bringing about the blockchain revolution, but let's just say that while Bitcoin's price has been lurching sideways like a dawdling old grandpa (falling off its walker each time it bumps into the $10k resistance barrier), DeFi has been sprinting around the track like Usain Bolt. In fact, some observers are already predicting that DeFi might well be the next big thing in the blockchain field.

Things can change quickly in crypto, but presently, DeFi is performing well as a family of assets and frankly, it's a more exciting space to be in. So, if you're new to crypto or you've only been...

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