Dogecoin has been around since late 2013, starting as a joke initially. The coin has been designed to be a satirical homage to Bitcoin. Besides being a joke and meme coin, Dogecoin wasn’t intended to serve any other purpose. Yet, you can use it to transfer value.5 Interesting Facts About DogecoinHere’s a list of five interesting facts about Dogecoin:Dogecoin started as a joke created by Jackson Palmer and Billy Marcus in November 2013. Marcus recently claimed that he sold all of his DOGE in 2015.There are 128,264,356,384 DOGE coins in circulation at this moment, compared to 18.5 million bitcoins.Dogecoin hosts one of the largest communities in the crypto space.In 2014, the Dogecoin community raised $55,000 to sponsor NASCAR driver Josh Wise and covered his car entirely in Dogecoin and

Many of today’s leading DeFi projects are popular because of their governance tokens – something that hasn’t really been the case back in the ICO boom of 2017.Now, the yield farming hype has created many new governance tokens to control a project’s properties. Yet, these tokens have been abused in various ways, acting as a monetary incentive instead of a true representation of voting power.In theory, a governance token gives the token holder voting power to influence the DeFi project’s direction. For instance, community members can launch new proposals to change particular properties for the project. Further, governance token holders can vote on each proposal.The ultimate goal is to create a self-governed decentralized community as it allows every stakeholder to discuss and vote on how to

The Ethereum Network recently saw the official launch of the Beacon Chain, which is a stepping stone to the long-awaited Ethereum 2.0 upgrade, aiming to improve network speed, efficiency, and scalability. It’s a move by the Ethereum foundation to abandon the Proof of Work (PoW) consensus algorithm for the energy-efficient Proof of Stake (PoS) consensus algorithm. On top of that, we have to change terminology from having miners to having validators.Ethereum 2.0 hopes to improve transaction processing speed to new heights, satisfying the demand of DeFi users.The most significant change to facilitate improved transaction handling is the use of sharding technology. The term sharding comes from database terminology where we break up a single database into smaller parts that can be processed

Yield farming is a popular topic in the DeFi space for some time now. We know you may have many questions regarding yield farming – What is it? Why is it generating so much buzz?Let’s start with a simple statistic. In 2020, the DeFi space is so far growing at a rate of 150% in terms of total value locked (TVL) in dollars. In comparison, the crypto market capitalization has so far grown at a rate of only 37%.Many experts give credit to yield farming for the astounding growth of the DeFi space this year. The progress is because of the concept of liquidity farming. It involves both investors and speculators as they supply liquidity to platforms providing lending and borrowing services. In return, the lending and borrowing platforms pay high-interest rates to them. They also receive a part of

You may have heard of Uniswap has been a frequently debated topic among the DeFi space. Originally, Hayden Adams created the Uniswap protocol as he was inspired by Vitalik Buterin’s post about the market maker equation X * Y = K.Hayden took a practical approach to the equation and created Uniswap, a protocol for automated liquidity provisioning.This guide will help you understand the following concepts:What is Uniswap?How does automated liquidity provisioning work using X * Y = K equation?What’s the difference between Uniswap V1 and V2?How can you profit from liquidity provisioning on Uniswap?What are the dangers of flash swaps (flash loans)?Let’s dive right into the details of Uniswap!What is Uniswap?Let’s start with a basic introduction that answers the question, what is Uniswap?Uniswap

Proof of Work, a consensus mechanism, has proved to be the backbone of some of the leading and widely-adopted blockchain networks. These include Ethereum, Litecoin, and, of course, Bitcoin.Many from the blockchain industry have wondered how come Proof of Work (PoW) remained so resilient over all these years. Some are even baffled by its resilience as it has withstood a long list of challenges like growth, performance, and security issues over the years.Key Takeaways From 5 Years of PoWThe below takeaways are taken from Consensys’ report that reviews 5 years of proof of work for Ethereum.51% Owned by two mining pools51% of Ethereum network’s hash rate was owned by two mining pools and this has happened twice in all of Ethereum’s existence until now.There’s one really interesting occurrence