A correction refers to a rapid price decrease, which traders can use to their advantage with the assistance of cryptocurrency trading bots. Although the definition for a correction differs, it is most often used to describe a rapid decrease in an asset’s price, usually at least 10% and up to 20%. If an asset falls more than that, the price dip is classified as a … [Read more...] about Strategies for trading cryptocurrency during a correction, explained
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What Is Yield Farming? The Rocket Fuel of DeFi, Explained
The world of decentralized finance (DeFi) is booming and the numbers are only trending up. According to DeFi Pulse, there is $95.28 billion in crypto assets locked in DeFi right now – up from $32 billion the year before. Leading the DeFi race is the Ethereum-based Maker protocol, with a 17.8% share of the market.One of the main catalysts for this sector's exponential growth can … [Read more...] about What Is Yield Farming? The Rocket Fuel of DeFi, Explained
What Is a Dapp? Decentralized Apps Explained
Decentralized autonomous organizations, or DAOs, can be seen as a kind of dapp. They aim to use an intricate arrangement of smart contracts to achieve the functions of a traditional organization without the need for corporate executives and hierarchies. They determine policy entirely through a weighted voting system where members who lock away more tokens possess greater voting … [Read more...] about What Is a Dapp? Decentralized Apps Explained
What Is Web 3? Here’s How Future Polkadot Founder Gavin Wood Explained It in 2014
The protocols and technologies on the web, and even at large the internet, served as a great technology preview. The workhorses of SMTP, FTP, HTTP(S), PHP, HTML and Javascript each helped contribute to the sort of rich cloud-based applications we see today such as Google’s Drive, Facebook and Twitter, not to mention the countless other applications ranging through games, … [Read more...] about What Is Web 3? Here’s How Future Polkadot Founder Gavin Wood Explained It in 2014
How to store crypto in 2022, explained
Cryptocurrency holders can seek out wallets that offer the best of security, functionality and usability –– features that cater to any set of users. Users must be careful to consider factors including security, functionality and ease of use when determining where they will keep their funds. Although this typically means a choice between hot or cold storage, … [Read more...] about How to store crypto in 2022, explained