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Exploring What Is Terra LUNA and How It Collapsed In 2022
The Terra (LUNA) project is built to be a stablecoin that can be used commercially and develop useful ecosystems amid the explosion of blockchain and DeFi projects. It isn’t limited to a single currency and can operate with many fiat currencies. LUNA is a token that plays a vital role in the... Read More
What is Reserve Rights (RSR)? A Comprehensive Guide
Reserve Rights (RSR) is one of the two native ERC-20 tokens generated by the Reserve Protocol team. Reserve Protocol is an original initiative to empower crypto by building a trustable stablecoin that is unable to be shut down, can maintain its value regardless of the fluctuation or depreciation of any... Read More
What is Algorand? Understanding the Decentralized Blockchain Platform
Algorand was the brainchild of professor Silvio Micali, a computer scientist at the Massachusetts Institute of Technology (MIT). Algorand is one of the newer projects that seek to expand the possibility of cryptocurrency usage by boosting transaction speeds by minimizing the time needed to verify transactions. The project was officially... Read More
What is Harmony (ONE Token), and How Does It Work?
Harmony (ONE) is a decentralized, trustless bridge that uses a sharding protocol that aims to scale up Ethereum applications combined with the future of 5G and IoT technologies. Harmony utilizes new advanced technologies, such as Solidity and Ether.js, to create an extremely fast transaction processing platform capable of executing 10 million transactions... Read More
What Is Stellar Lumens? A Guide to Understanding XLM
What is XLM? XLM (Lumens) is the native token of the Stellar network, an open-source and decentralized blockchain network created to facilitate the transfer of value between different types of assets, allowing the transfer of money and assets without the need for traditional payment providers. What is Stellar? The Stellar... Read More
What Is Paxos (PAX)? An Overview of the Paxos Standard Stablecoin
What Is Paxos (PAX)? Paxos (PAX) is a stablecoin launched by Ontology (ONT), a cryptocurrency backed 1:1 in USD. The launch is based on Ontology’s OEP-4 token standard, which enables exchange between Ontology’s main blockchain and other blockchains. This system makes it easier for individuals and businesses to conduct business in... Read More
What is Celsius Network (CEL)? How Did it Collapse?
What is Celsius? Celsius Network (CEL) is the ERC-20 native token of the Celsius Network, an Ethereum-based system that offers various creative financial solutions for crypto holders. Officially launched in 2017, Celsius Network is a peer-to-peer platform that targets advanced crypto lending and borrowing activities. So far, the Celsius Network has gained... Read More
What Is Fantom? Exploring the Next Generation of Blockchain
Fantom (FTM) coin is the token of a high-speed blockchain that has emerged to help address the speed and scalability issues many blockchains face. In addition, Fantom announced the launch of Fantom finance, the first DeFi platform to be launched with the aBFT consensus mechanism. Most common DeFi projects are based on... Read More
What is Synthetix Network Token? Discover the Benefits
Decentralized Finance’s (DeFi) success was one of the major events in the crypto market in 2020, attracting millions of dollars of investment and taking the whole ecosystem to its next step toward mass adoption. Synthetix Network was created in 2018 by Kain Warwick and the Synthetix Foundation on the Ethereum Network. In... Read More
What is Bitcoin SV? Exploring The Basics
What is Bitcoin SV? Bitcoin SV, or Bitcoin Satoshi’s Vision (BSV), is a hard fork of Bitcoin Cash. A hard fork refers to an update in crypto’s network protocol, generating new rules and creating new valid blocks while the old version is still maintained. Although Bitcoin Cash was also forked... Read More