DEFI: THE DECENTRALIZED FINANCE REVOLUTION
You may be wondering what DeFi is. If you’ve heard the term, but don’t know exactly what it means, that’s OK! We’re here to help with this introduction.The term “DeFi” refers to decentralized financial applications and protocols that operate on top of blockchains or other distributed ledgers (DLTs). These apps use smart contracts to create […]
WHAT IS DAOS? (DECENTRALIZED AUTONOMUS ORGANIZATION)
A DAO is a decentralized autonomous organization that runs smart contracts on the blockchain. DAOs can be set up to run any business model and utilize a range of features, including voting systems, fundraising and crowd-curated reputation systems. The Ethereum platform was specifically developed for creating decentralized autonomous organizations through smart contracts. DAO’s are a […]
WHAT IS AN NFT?
The recent rise of cryptocurrencies and blockchain technology has had its share of critics, but it’s also opened up new possibilities for artists and creators to monetize their work in new ways. One such innovation is non-fungible tokens (NFTs), which are unique digital files that can be converted into non-fungible tokens. Digital art is just […]