Decentralised Finance (DeFi)
- Decentralized finance (DeFi) is an emerging model for organizing and enabling cryptocurrency-based transactions, exchanges and financial services.
The core functionality Of Decentralised Finance (DeFi), therefore stands out to be organising the crypto world. This entails
- Transactions
- Exchanges
- Financial Services
Such an organisational and managerial position of Decentralised Finance (DeFi) makes it to play a vital function in the cryotocurrency world.
As time moves on, more and more people are into cryptocurrency and more coins are being put to circulation. Since mining used to be quite an expensive and environment unfriendly, coins are now mined on the phone thus saving on fuel consumption.
Cryptocurrency
As mentioned in my previous posts, we found out, cryptocurrency evolved from two words, one in Greek and the other in Latin. These words are Kryptos and Currero.
- Cryotocurrency is a digital currency in which transactions are verified and records maintained by a decentralized system using cryptography, rather than by a centralized authority.
"decentralized cryptocurrencies such as bitcoin now provide an outlet for personal wealth that is beyond restriction and confiscation"
Blockchain
After realizing the emigration from Centralised Finance (CEF) to Decentralised Finance (DeFi), we remain with record or data collection and Blockchain becomes our focus. This remains to be the database of all the transactions in cryptography.
- A blockchain is exactly what it sounds like it is: a chain consisting of blocks of information. These blocks are containers holding a record of transactions on the blockchain. In the case of Bitcoin, the transactions are primarily transfers of bitcoins. On some blockchains, they can also contain a variety of other information, even code of computer programs. Read more here
Cryotocurrency Coins
Next we move to the coins in the game and we use the Alphabetical order but only one coin per letter.
ADA
Cardano Price (ADA) $0.4111 6.48% Low:$0.3826 High:$0.4192 24h
Bitcoin (BTC)
Rank #1 Coin On 3,739,841 watchlists Bitcoin Price (BTC) $24,695.03 11.58% Low:$22,101.19 High:$24,769.24 24h
BnB
Rank #4 Coin On 1,875,357 watchlists BNB Price (BNB) $322.03 8.62% Low:$296.46 High:$326.63 24h
CELO
Rank #104 Coin On 188,836 watchlists Celo Price (CELO) $0.8239 10.27% Low:$0.7427 High:$0.8319 24h
Doge
Rank #10 Coin On 1,685,389 watchlists Dogecoin Price (DOGE) $0.09013 3.63% Low:$0.08517 High:$0.09037 24h
Dot
Rank #12 Coin On 1,496,269 watchlists Polkadot Price (DOT) $6.62 6.99% Low:$6.18 High:$6.67 24h
Dash
Rank #61 Coin On 239,676 watchlists Dash Price (DASH) $76.26 11.01% Low:$68.28 High:$76.90 24h
Ethereum (ETH)
Rank #2 Coin On 3,036,649 watchlists Ethereum Price (ETH) $1,692.43 9.22% Low:$1,546.38 High:$1,700.85 24h
Filecoin (FIL)
Rank #33 Coin On 373,284 watchlists Filecoin Price (FIL) $5.51 9.21% Low:$5.04 High:$5.53 24h
GLMR (MoonBeam)
Rank #141 Coin On 162,180 watchlists Moonbeam Price (GLMR) $0.4651 6.44% Low:$0.4357 High:$0.4739 24h
Hive
Rank #158 Coin On 51,109 watchlists Hive Price (HIVE) $0.4574 7.39% Low:$0.4249 High:$0.4575 24h
Icon (Icx)
Rank #155 Coin On 134,660 watchlists ICON Price (ICX) $0.2394 10.10% Low:$0.2163 High:$0.2404 24h
IOTX
Rank #135 Coin On 267,050 watchlists IoTeX Price (IOTX) $0.03106 3.70% Low:$0.02988 High:$0.03171 24h
Jones
Jones DAO
JONE .../WETH Arbitrum SushiSwap (Arbitrum) Price USD|WETH0.002390 $4.0425.09%
Low:
$0.8193
High:
$4.54
All
Kusama (KSM)
Rank #126 Coin On 263,851 watchlists Kusama Price (KSM) $37.29 11.72% Low:$33.38 High:$37.52 24h
