Coinscreed
  • News
    • Bitcoin News
    • Ethereum News
    • Ripple News
    • Litecoin News
    • Altcoin News
    • DeFi
    • Blockchain News
  • Market Analysis
  • NFT
  • Metaverse
  • Cryptocurrencies
  • Learn
    • Bitcoin 101
    • Ethereum 101
    • Binance Smart Chain
    • DeFi 101
    • Ripple 101
    • ICO 101
    • Trading 101
    • Dogecoin 101
    • Lightening Network
    • NFT 101
  • Crypto How Tos
Advertise
No Result
View All Result
  • bitcoinBitcoin(BTC)
    $30,308.004.63% 24H
    BITCOIN
    24H : 4.63%
    Volume : $29,614,584,939.00
    Marketcap : $576,994,362,625.00
  • ethereumEthereum(ETH)
    $2,021.533.15% 24H
    ETHEREUM
    24H : 3.15%
    Volume : $18,608,039,635.00
    Marketcap : $244,286,738,329.00
  • binancecoinBNB(BNB)
    $306.805.25% 24H
    BNB
    24H : 5.25%
    Volume : $1,780,510,343.00
    Marketcap : $51,562,010,124.00
  • rippleXRP(XRP)
    $0.4202.34% 24H
    XRP
    24H : 2.34%
    Volume : $2,257,352,567.00
    Marketcap : $20,317,844,182.00
  • cardanoCardano(ADA)
    $0.5382.64% 24H
    CARDANO
    24H : 2.64%
    Volume : $941,043,534.00
    Marketcap : $18,203,115,186.00
  • terra-lunaTerra(LUNA)
    $0.00015-13.17% 24H
    TERRA
    24H : -13.17%
    Volume : $459,275,244.00
    Marketcap : $957,228,899.00
Coinscreed
No Result
View All Result
homerun token
Home DeFi

Introduction to Decentralized Finance (DeFi) – CryptoCurrencies and Smart Contract

Ace by Ace
12 months ago
in DeFi
Reading Time: 3 mins read
A A
Share on FacebookShare on Twitter
Cryptocurrencies are digital (DeFi), virtual assets secured basically by transparency and record taking on the BlockChain (a digital ledger), which makes them technically impossible to counterfeit. Each cryptocurrency is unique.

Primarily cryptocurrencies are developed to securely store value but the necessity of profits has fueled developers into making extra efforts. Since an increase in market cap is vital for this to happen, each token is embedded with features to keep them relevant and attract more investors over time.

Introduction to Decentralized Finance (DeFi) - CryptoCurrencies and Smart Contract

In that vein, developers have come up with a BlockChain alternative to Traditional Banking with the introduction of the Decentralized Finance (DeFi) System. The idea of DeFi is aimed at creating an easily accessible Financial Ecosystem whereby Users have control over their assets through dApps.

SuggestedArticles

Here's How Terra's UST Drives A 20% Drop In DeFi Token Curve (CRV)

Here’s How Terra’s UST Drives A 20% Drop In DeFi Token Curve (CRV)

2 hours ago
Fantom Blockchain Suffers Another Massive DeFi Hack

Fantom Blockchain Suffers Another Massive DeFi Hack

5 days ago

Hence the dApps feature is widely supported on most crypto-based software. In DeFi, the middleman that facilitates transactions is called Smart Contract. Imagine Smart Contract as a delivery company on the blockchain.

What are Smart Contracts?


Smart Contracts are cyber transaction protocols designed to facilitate transactions when certain conditions are met between two parties. Ethereum is the first developed smart contract with a market cap just below $200million. Some other popular smart contracts are;

  • Binance Smart Chain
  • PolkaDot
  • Solana
  • EOS etc.

There is an incredible demand for good smart contract ecosystems, mainly due to congestion and the fact that transactions are becoming more expensive by the day.


Each smart contract has Decentralized Exchanges (Dex) developed to enable users to apply them.
In this article, we have emphasized the most applied smart contracts in 2021.

Tags: defismart contract

BTC365

Coinscreed

Copyright © 2022 Coinscreed

Navigate Site

  • About
  • Advertise
  • Privacy & Policy
  • Crypto Price Charts

Follow Us

No Result
View All Result
  • News
    • Bitcoin News
    • Ethereum News
    • Ripple News
    • Litecoin News
    • Altcoin News
    • DeFi
    • Blockchain News
  • Market Analysis
  • NFT
  • Metaverse
  • Cryptocurrencies
  • Learn
    • Bitcoin 101
    • Ethereum 101
    • Binance Smart Chain
    • DeFi 101
    • Ripple 101
    • ICO 101
    • Trading 101
    • Dogecoin 101
    • Lightening Network
    • NFT 101
  • Crypto How Tos

Copyright © 2022 Coinscreed

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.