DeFiChain is a decentralized blockchain platform working towards enabling fast, intelligent, and transparent decentralized financial services. Its goal is to bring full DeFi capabilities to the Bitcoin ecosystem.
According to a Chainanalysis crypto crime report, $14 billion worth of crypto was stolen only in 2021 alone. This figure had doubled from $7.8 billion in 2020.
Today, we’ll take a look at 10 of the biggest cryptocurrency scams in history. We all give you tips on how you can avoid these scams.
We all agree that blockchains and their products are fascinating technologies unless you are a boomer and prefer the classic traditional finance. That’s not a major deal; by the time you finish reading this, I’m sure you’ll be considering crypto.
What Is a Decentralized Autonomous Organization (DAO): Consider arranging with a group of people you don’t know from around the world and working together as a team with no central leader for the same purpose and goal, where you can establish your own rules and make your own decisions independently. All are encoded on a unique technology known as Blockchain technology; cool, right?
You may hear that bitcoins are stored in wallets. If this were true, then if you copied your wallets you’d own double the number of bitcoins. Clearly, you couldn’t have digital money that works this way. So no, bitcoins aren’t stored in wallets.
Cardano is a third generation blockchain network founded by Charles Hoskinson, a co-founder of Ethereum. The proof-of-stake network is built on scientific and mathematical philosophy, aiming to be more sustainable and scalable than Bitcoin and Ethereum.
The long awaited ‘Merge’ is close, with the network aiming to improve its security and scalability by switching from proof-of-work to proof-of-stake consensus mechanism. Ethereum’s network upgrade is expected to be complete by late 2022 or early 2023.