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…These are analogous to derivatives in TradFi, but in the form of ERC-20 smart contracts. Synths track the assets they represent and provide the returns without requiring users to hold the asset itself. For this, Synths use decentralised oracles, which are smart contract-based price discovery protocols, to track the prices of the assets represented. Synthetix issues multiple cryptocurrencies. The first is Synthetix's native token, SNX. Second are the Synths, the tokens that represent assets and …
Learn More…Solidity A succinct definition of Solidity SolidityLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYSOLIDITYCopy linkShare on TwitterShare on FacebookShare on LinkedinSoliditySolidity is an object-oriented, high-level programming language used to develop smart contracts and automate transactions on a blockchain. First proposed in 2014 by Ethereum co-founder Gavin Wood, this programming language is now one of the most common tools for writing self-executing codes on Ethereum and o…
Learn More…This decentralised agreement process ensures that no single entity can unilaterally alter the blockchain.On platforms like Ethereum, immutability also applies to smart contracts. Once deployed, the code of a smart contract cannot be changed, ensuring that the contract will execute exactly as written.Key TakeawayImmutability underpins the reliability and trustworthiness of blockchain technology by enhancing security, and preventing fraud and unauthorised alterations, making it a reliable ledger f…
Learn More…Metadata A succinct definition of Metadata MetadataLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYMETADATACopy linkShare on TwitterShare on FacebookShare on LinkedinMetadata‘Metadata’ refers to data that provides information about other data within a blockchain network, which includes various types of supplementary information that helps describe, manage, and track the primary data (transactions, blocks, user information, smart contracts, etc.).For transactions, metadata pr…
Learn More…They are smart contracts in which SushiSwap users may lock their crypto in exchange for rewards. When users supply liquidity to SushiSwap pools, they are rewarded with SLP tokens. As liquidity providers, they receive trading fees, which may increase by farming the SLP tokens. Users are responsible for their individual cryptocurrency wallets, since the exchange is non-custodial. SushiSwap’s unique feature is the SushiBar, which enables users to stake their SUSHI in exchange for its passive yiel…
Learn More…Previously, consumers merely kept these coins with the expectation that their value would grow, but they may now leverage their holdings without giving up their currencies' possession. Compound uses certified smart contracts to perform these activities autonomously. Its contracts handle all of the network's critical functions, covering tasks like storage, administration, and the facilitation of all pooled wealth. Compound ensures network security by using a variety of techniques, as the network…
Learn More…Dai is backed by collateralised assets, which is composed of other cryptocurrencies held within smart contracts every time new DAi is minted. A brief history of DaiCreated in December 2017 by decentralised autonomous organisation MakerDAO and crypto lending platform Maker Protocol. The current iteration of DAI was created in December 2019, replacing its previous stablecoin iteration known as the Single Collateral Dai (SAI).How Dai worksWhen the current iteration of DAI was released in 2019, it w…
Learn More…Fee delegation allows smart contracts to pay gas fees on behalf of business users, and an advanced transaction model allows data to be packaged more efficiently while ensuring finality of data. VeChain is focused on delivering a wave of incentive-based sustainability dApps through its new platform, VeBetterDAO, working closely with Boston Consulting Group to achieve adoption across enterprise and individual users, and helping onboard the next billion users to Web3 over the coming decade. From …
Learn MoreCloud Mining for Beginners: How to Mine Bitcoin and Crypto Without Hardware Cloud mining is gaining momentum. Learn how to start Bitcoin cloud mining without hardware or technical skills in this article for beginners. Cloud Mining for Beginners: How to Mine Bitcoin and Crypto Without HardwareLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyUNIVERSITYBitcoin16 Jun 2025|BEGINNERS|3 MIN READCloud Mining for Beginners: How to Mine Bitcoin and Crypto Without HardwareCloud mining is gaining mo…
Learn More…This effect is amplified in cryptocurrencies that support wide-ranging applications, including smart contracts and decentralised apps (dapps), attracting a diverse ecosystem of users and developers. Note that the liquidity of these markets can also be fragmented across different exchanges, leading to disparities in trading conditions and the potential for arbitrage. Factors Influencing Liquidity in Crypto Markets The liquidity of cryptocurrency markets is influenced by a complex network of facto…
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