Cryptorunguy

What is CryptoCurrency? Crypto is pretty a new concept as compared with others. A cryptocurrency is a form of a digital asset. Now, let's understand this concept in terms of a simple definition, some limited entries in a database that no one can change without filling specific conditions. This may be seemed familiar, but this is how you can define a currency. What Is Cryptocurrency? Now, take physical money in terms of coins and notes and place them in your bank account; now, the limited entries of a database match the specific condition of changing entries. Money is about verified access to some reports, balances or transaction databases. In simple terms, Cryptocurrency, popularly known as "Crypto", is an internet-based medium of exchange that use cryptographical functions to verify and  secure transactions. Cryptocurrencies leverage the power of the blockchain technique to gain decentralization, transparency and immutability. There is a difference between crypto and...

DeFi DeFi is an abbreviation of the term Decentralized Finance. A new medium of financial services based on a method of peer to peer transactions through the blockchain technology.   In simple terms it can be said that DeFi aims to cut down the interference of middlemen/third party in between a transaction. Peer to Peer transaction means that a person can make a transaction with another person directly and this rapidly gaining popularity over the traditional financial services. DeFi offer most things a centralized financial institution offers, like interest, borrow lend, insurance etc. So, now let's take a deep look at how DeFi is different from traditional form of finance.   WHAT IS DECENTRALIZED FINANCE? Decentralized Finance is a way that helps people to do financial transaction directly with the other person utilizing the blockchain technology. This cuts the middlemen in between and makes the transactions quick, cheap and more efficient. You can access your asse...