Featured articles
All articles
While it is true that Bitcoin is often deemed the father of cryptocurrencies as many consider it to be the first-ever cryptocurrency, there are many other coins that are considered its predecessor. Before Bitcoin, there were many attempts at creating cryptocurrencies like Blinded Cash, DigiCash, B-Money, Bit Gold, Hashcash, and more. Nevertheless, none of those attempts measure up to Bitcoin’s success or leverage.
Decentralized finance (DeFi) is an emerging peer-to-peer financial system that uses blockchain and cryptocurrencies to allow people, businesses, or other entities to transact directly with each other. The key principle behind DeFi is to remove third parties like banks from the financial system, thereby reducing costs and transaction times.
