Category: DeFi
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Smart Contracts: Examples and Use Cases for Beginners
Understanding the basics of smart contracts is important for anyone interested in blockchain technology and its potential applications. It allows one to grasp the concept of trustless transactions, the role of smart contracts in decentralized finance and the potential impact on various industries. Knowing about smart contracts can also open up new opportunities for individuals…
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What is DeFi and how does it work?
Discover how DeFi is revolutionizing the traditional financial system by empowering individuals with greater financial freedom and control through innovative blockchain technology and decentralized applications. Is DeFi a cryptocurrency? It is a new paradigm of financial services built on blockchain technology that provides users with financial services without intermediaries. While cryptocurrencies are an essential component…
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ZK Rollups : An explanation of layer-2 scaling solution on Ethereum
ZK Rollups or Zero-Knowledge Rollups is one of the layer-2 scaling solutions on Ethereum that try to solve network congestion by processing thousands of transactions at once off-chain before submitting to Ethereum mainnet which is called “Rollups”. In this article, we will explain everything in the simplest way that you need to know about this…