The Cardano Foundation made an important announcement regarding the appointment of its Global Community head. The post will be headed by Alix Hyeowon Park. As per the announcement, her role would be on emphasizing the growth and implementation of new strategies of community management for supporting and educating the Global …Read More »
Maker is an asset-backed decentralized “stablecoin” based on the Ethereum blockchain. Stablecoins are a revolutionary approach to digital money as they remove large price volatilities in the coins.
Maker’s autonomous smart contract system is designed specifically to react to market fluctuations, keeping the price of 1 Dai equivalent to US$1. Each Dai is backed by Ether tokens as collateral, and is secured with an Ethereum smart contract. In the event that the price of Ether drops below the predetermined threshold, the smart contract would automatically liquidate, keeping the collateral at a safe level and therefore preventing the Dai token from collapse.
By holding a MKR token, you become a member of Maker’s DAO and are entitled to certain rights as defined in Maker’s technical documents.
For a non-technical overview of Maker, see their whitepaper. For a technical analysis and more information on the functionality of the smart contracts, look into their purple paper. To read more about Maker see: “What is Maker”.
Bitcoin (BTC) as of writing this article was trading at $10,024.1 against the United States dollar (USD) and the coin was showing negative and download fall of -1.54 percent. The market cap of the coin was $170.876 billion United States dollar (USD) and the market supply of the coin was …Read More »
What is ethereum? Ethereum is basically a contract platform, conceptualized by vitalik buterin, which allows the development of decentralized applications. It happens to be a vital part in the domain of cryptocurrency as when conditions are met, it executes itself automatically. It is basically regarded as a pioneer for smart …Read More »
The cryptocurrency market is again suffering from the bearish correction. The top ten currencies are under the red signal again and the even many of the currencies in the market are under bearish pressure. Dogecoin is one of the most popular currencies in the market and has some real success …Read More »
What is a hedge? Here is how the definition goes: Investment position intended to offset potential resources or games that may be incurred by a companion investment In short when you do a hedge investment, you do any investment to minimize your loss or to reduce the risk involved in …Read More »
At the time of writing this article Bitcoin (BTC) was trading at $10,635.7 against the United States dollar (USD). The market cap of the coin was $189.6 7 billion United States dollars (USD) and the market supply of the coin was 70.8 million. The Bitcoin (BTC) buyers and traders believe …Read More »
After an attentive observation, one will undoubtedly agree to the fact Vechain is not at all having a great time in the market as of now. The crypto undoubtedly tried to maintain its position in the market and has been strengthing its thresholds for long. However, now it seems that …Read More »
The cryptocurrency market is experiencing ups and downs this week. Some of the currencies have experienced the bullish surge, but the market has again under the slight correction. The top ten currencies are under bearish pressure. Ripple (XRP) has shown some nice movements in this week and the value of …Read More »
As of writing this article Bitcoin was trading at $10.677.1 United States dollars (USD) and was going and upward and positive growth of 2.71 percent. The market cap of the coin was $190.40 billion United States dollars (USD) and the market supply of the coin was 17.83 million. Bitcoin (BTC) …Read More »
Although the crypto, Dogecoin, witnessed enormous drops recently it doesn’t seem to be giving up anytime soon. In fact, analysts argue that the coin has been maintaining itself quite well since the last drops. However, one can never deny the fact that it’s never an easy task to recover from …Read More »