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Showing posts with the label Crypto

Decentralized Finance or DeFi a new hi-tech financial system

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DeFi is a short term for  Decentralized Finance , which is a new financial system that is built on blockchain technology. DeFi aims to provide a more transparent, accessible, and efficient alternative to the traditional financial system, which relies on centralized intermediaries and institutions. DeFi platforms and protocols can offer various services, such as lending, borrowing, saving, investing, trading, and more, without intermediaries or centralized platforms. Users can benefit from lower fees, faster transactions, higher returns, and more control over their funds.   - For the general public, DeFi technology may offer a more accessible and inclusive way to participate in the financial system, especially for those who are unbanked or underbanked. DeFi platforms and protocols can provide various services, such as lending, borrowing, saving, investing, trading, and more, without intermediaries or centralized platforms. Users can benefit from lower fees, faster transactions, high

The most up-to-date performance data for BTC, ETH, and BNB 5 Jul 2023

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  What's in your portfolio? BTC stands for Bitcoin, the first and most popular cryptocurrency that was created in 2009 by an anonymous person or group using the name Satoshi Nakamoto. BTC uses a peer-to-peer network to enable transactions without intermediaries or central authorities. BTC has a limited supply of 21 million coins and is currently the largest cryptocurrency by market capitalization. ETH stands for Ethereum , the second-largest cryptocurrency by market capitalization that was launched in 2015 by Vitalik Buterin and other co-founders. ETH is more than just a currency, it is a platform that enables smart contracts, decentralized applications and other innovations using its native programming language Solidity. ETH has no fixed supply limit and is currently undergoing a transition from a proof-of-work to a proof-of-stake consensus mechanism. BNB stands for Binance Coin, the native token of Binance, the world's largest cryptocurrency exchange by trading volum