Tag: Decentralized apps

Blockchain-based technology takes root in African governments

In 2022, Africa's fintech sector secured $1.45 billion in funding, a 39.3% increase from 2021. According to IMF, the continent's total trading volume...

Blockchain Breakthrough: African banks embrace the future of finance

According to the International Finance, Corporation, the financial inclusion rate in Africa stood at an all-time low of 23% in 2011. A KYC...

Top three fintech hubs in Africa

Africa's financial inclusion has increased from 23% in 2011 to 43% by 2022. In 2022, 36% of startups in Nigeria are...

Etherisc provides blockchain crop insurance for Kenyan Farmers

Etherisc, specializing in a decentralized protocol, collaborated with Microinsurance issuer ACRE Africa. to build a decentralized insurance platform where multiple actors could collaborate ...

The Africa Startup League;an opportunity at greatness

Over the past half-decade, Africa has stolen the limelight for various reasons. From its ready nature to accommodate Web3, effectively shifting to a 'Web3Africa'...

Crypto phones are revolutionizing Web3 and blockchain technology

Decentralization represents a significant benefit of crypto phones. Therefore, it is not surprising that mainstream smartphone users get drawn to crypto phones due to their strong emphasis on privacy and security. The finest crypto phones bring Web3 apps to consumers’ attention. Thus, this may be one method for crypto initiatives to reach a larger, more mainstream audience. As crypto and blockchain continue flourishing, more crypto phones will hit the market. As they strive to suit the requirements of an increasingly digital environment, these phones will likely have even more complex features and capabilities.

Decentralized finance faces numerous hurdles to widespread adoption

Decentralized exchanges (DEXs), borrowing and lending platforms, and yield farms are all protocols in the DeFi area. Users may participate in the DeFi ecosystem more efficiently since there are no centralized middlemen. However, there are also more significant dangers. These dangers include protocol codebase flaws, hacker attempts, and malicious protocols. Combined with the extreme volatility of the crypto market in general, these dangers may make it more difficult for DeFi to gain widespread acceptance among typical consumers. On the other hand, workarounds and improvements in the blockchain domain may solve these problems.