Decentralized Applications

RenVM Guide: A Private and Interopable DeFi Platform

Source Node: https://www.asiacryptotoday.com/renvm-guide-a-private-and-interopable-defi-platform/
Time Stamp: August 15, 2020 9:53 AM - Modified On: May 21, 2021 - Published By:
Source Cluster:
Republished By Plato

With the objective of solving concerns on privacy, interoperability, and liquidity in decentralized applications, the RenVM ecosystem was established. This is yet another successful DeFi project with cross-chain interoperability, only this time, with better privacy features. The Republic Protocol and its RenVM project were aimed to provide large volume and high-frequency traders the opportunity to execute trades without spooking the market with their calls. With the help of darknodes, they maintained an exchange with a hidden order book. Table of Contents Background Ren began in late 2017 under the Republic

Mobile DeFi and the Shift Toward Self-Sovereignty

Source Node: https://cointelegraph.com/news/mobile-defi-and-the-shift-toward-self-sovereignty
Time Stamp: August 8, 2020 1:00 PM - Modified On: May 21, 2021 - Published By:
Source Cluster:
Republished By Plato

Many speculate that mainstream adoption of cryptocurrency is dependent solely on improving ease of access and user experience. In reality, there’s an even bigger obstacle: a mentality shift. Self-sovereignty and personal autonomy are the endgame of this technology, and with that goal comes a significant increase in personal responsibility for one’s funds. This is totally at odds with people’s traditional financial experience so far; the legacy system takes away your autonomy and replaces it with convenience, offering useful tools related to fraud protection and password management. By comparison, cryptocurrencies, decentralized finance

BTC and ETH Crypto Derivatives in Demand, Market Expected to Grow Further

Source Node: https://cointelegraph.com/news/btc-and-eth-crypto-derivatives-in-demand-market-expected-to-grow-further
Time Stamp: August 8, 2020 12:42 PM - Modified On: May 21, 2021 - Published By:
Source Cluster:
Republished By Plato

The crypto options market has been evolving rapidly over the second quarter of 2020. According to TokenInsight’s recent crypto derivatives industry report, trading volumes are seeing a 166% year-on-year increase compared to Q2 2019. The derivative products driving these volumes are futures and options. While futures grow with traders betting on a bullish price sentiment, both open interest and volumes of options have reached all-time highs.All-time highs On Wednesday, open interest in Ether (ETH) options hit an all-time high of $351 million on Deribit and $37 million on OKEx. In fact, open

Why Klaytn and Link Will Catalyze Blockchain Adoption in Asia

Source Node: https://bitcoinist.com/why-klaytn-and-link-will-catalyze-blockchain-adoption-in-asia/?utm_source=rss&utm_medium=rss&utm_campaign=why-klaytn-and-link-will-catalyze-blockchain-adoption-in-asia
Time Stamp: August 4, 2020 12:23 PM - Modified On: May 21, 2021 - Published By:
Source Cluster:
Republished By Plato

In the last two years, popular messaging giants in Asia and Europe have announced plans to launch a blockchain-powered cryptocurrency. In Asia, Kakao’s Klaytn and Line’s Link platform have launched and are quickly gaining momentum, but Facebook and Telegram’s cryptocurrencies have not fared so well. Messaging Giants Pushing Blockchain Adoption As it stands, Kakao is by far the most dominant mobile platform in Korea with a market share of 97% in the country. Kakao subsidiary Ground X began development of Klaytn back in 2019, after raising $90 million in both

DefiPulse Reveals $4B of Total Value Locked is DeFi Markets

Source Node: https://www.cryptoknowmics.com/news/defipulse-reveals-4b-of-total-value-locked-is-defi-markets
Time Stamp: August 1, 2020 5:09 AM - Modified On: May 21, 2021 - Published By:
Source Cluster:
Republished By Plato

Rate this post DefiPulse, a huge site that gives regular crypto insights and analytics has recently revealed data regarding DeFi. As per the website, currently, there is $4 billion of the total value which is locked in the DeFi markets. This increase in total locked-in value is clearly indicating that the DeFi industry is growing rapidly. DefiPulse claims MakerDAO holds 30% of DeFi market In short, DeFi simply means the integration of digital assets, blockchain, and smart contracts in financial services. It provides financial services like credit and lending without