Blockchain Development

The term DeFi is currently the trending topic among crypto followers, as a crypto enthusiast, many might know DeFi stands for decentralized finance. DeFi concept came into existence just to remove the centralized authority from the financial ecosystem, it gains a lot of attraction between the crypto users just because it is decentralized in nature. Now let's dive deeper into the DeFi exchange What is DeFi Exchange? DeFi is an emerging financial technology that works in a distributed ledger, DeFi is used to remove the central authority like a bank, or stock exchange in a financial system. when it comes to traditional finance users need to rely on the central authority for every traction and they also charge you for the service they provide. But in DeFi smart contracts do the job and it is also validated by a group of people. DeFi comes with fewer trading fees, more efficient, and more transparent than traditional finance. Use cases of DeFi The few lists of use cases that given below...

The crypto industry is continuously developing and increasing its user base every year just because of the innovation, this attracts more crypto investors into the market. And one of the major innovations is IDO also known as Initial DEX offering this takes place in the Decentralized exchange(DEX). In this article let's dive deeper into what is IDO and also  some of their advantages What is IDO? Initial DEX offering or IDO is a fundraising model that takes place in a decentralized exchange, this opens a new way of fundraising in the crypto space. If a person launches a project in an IDO platform every person in the platform can trade or swap that token or coin. A project that issues initial DEX offerings receives financing from the individual investor. IDOs can be launched for various projects, The first ever IDO was introduced by the raven protocol in June 2019 and listed on Binance DEX How does IDO works? The way of IDO work is quite simple, a project appears to the general publi...

  DAO provides an enormous opportunity for an individual to grade up their business careers. DAO got an attraction over the last few years but now it is fully incorporated into many blockchain projects. What is DAO? DAO is a community-owned entity with no central organization, which means the treasury has been owned and maintained only by the members. And it does not allow the people to access the treasury without getting approval from the members, the suggestion and changes have been done only by the voting process, Every member in the community has a right to vote. Purpose of a DAO A DAO is intended to improve the traditional management structure of many companies. Instead of relying on a single individual, it falls under a small collection of individuals to guide the direction of the entity, a DAO intends to give every member a voice, vote, and opportunity to propose initiatives. A DAO also strives to have strict governance that is dictated by code on a blockchain Why opt DAO de...