Tag: DeFi

Wrapped Bitcoin a new way of applying Bitcoin in Ethereum ecosystem

On October 26, 2018, BitGo, Kyber Network, Ren, and other community institutes launched WBTC to bring Bitcoin's liquidity to the Ethereum ecosystem WBTC...

Ethereum becoming more centralized after the significant Merge

The second largest coin has moved from the Proof-of-Work mechanism of verifying transactions to the Proof-of-Stake High capital required and the technical difficulty...

The Africa Money and DeFi Summit targeting to better Africa’s web3 ecosystem

The Africa Money and DeFi Summit bring in critical stakeholders, including tech corporates, mobile operators, fintech, DeFi & crypto ventures, investors, and leading...

Xend Finance, Africa’s first Global blockchain bank

Xend finance is a platform created to allow Africa, more so Nigeria, the means to access the global market. Later in the year,...

African startups ushering in the new age of Web3.0 in Africa

The main principle behind improving our current Web2.0 to Web3.0  is to promote blockchain technology and enhance core concepts such as decentralization, openness...

Chipper Cash: An African fintech grailing to boost cryptocurrency adoption in Africa

It is estimated that only about 40% of Africa's total population have access to and use a bank, making Africa a goldmine for...

Polygon Network: A hub for promoting decentralized finance

Polygon is a layer two blockchain application created to overcome Ethereum's scalability issues Like other recent Ethereum alternatives, Polygon implements a Proof-of-Stake(PoS) replacing...

The recent crypto slump and the tough lessons on custody and control

The volatility highlighted by the recent crypto slump has had real-world effects, and the lessons gained serve as a reminder of why investors should...

Cryptocurrency trading: Top African countries dominating crypto space

Africa has recently caught the eye of prominent cryptocurrencies such as Bitcoin and Ethereum. Cryptocurrency projects have risen in the past few years, and...

Africa’s cash app, BitSika, striving to reach the top

The first iteration of BitSika was developed after the Bitcoin craze in 2018, allowing users to buy bitcoin in USD. A critical...

NFTs and blockchain crucial in concept of an African Metaverse community

While the concept of a metaverse may seem like something out of a movie, something a bit too far-fetched, it has the support of...

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.

First African Ethereum ecosystem event to coincide with the much anticipated Ethereum merge date

@ethsafari  are organizing a cryptocurrency event that will host several enthusiasts and experts from across Africa. The event is coming to Kilifi County, Kenya and is scheduled to run from the 18th to the 24th of September this year.

The metaverse and the evolution of modern technology

The metaverse is a virtual space that connects several platforms, similar to how the internet connects various websites that offer access through a single...

The seven most important technologies driving the metaverse

The metaverse became the famous catchphrase after Facebook changed its name to Meta in October 2021. To prepare for Facebook's rebranding, the social media giant invested $10 billion in a new reality lab branch by 2021. The plan is to create metaverse content, software, and AR and VR devices, which CEO Mark Zuckerberg believes will be as common in the future as smartphones.

Decentralized finance: Redefining financial transactions in the digital economy

In contrast to the traditional financial system, DeFi gives individuals greater control over their assets and the ability to choose how to invest them without relying on an intermediary.