BcCryptonian

In the stormy waters of crypto, prices are highly volatile, and this is considered a norm in this space. But despite the price swings, how do some cryptos manage to stay stable. Well, let’s explore how stability is achieved in the world of crypto. What Are Stablecoins? Stablecoin is a type of cryptocurrency designed to maintain a stable value by being pegged to a stable asset such as a national currency like the U.S. dollar or a commodity like gold.  Pegging means tying the value or fixing the value of the stablecoin to a more stable asset, like the U.S. dollar. Most stablecoins are blockchain-based versions of fiat currencies.  Dollar-Pegged or Currency-Pegged Stablecoins Dollar-pegged stablecoins like USDT, USDC, and DAI, all designed to maintain a 1:1 peg with the U.S. dollar, meaning 1 USDT, 1 USDC, or 1 DAI equals 1 USD. If a stablecoin is pegged to the U.S. dollar or if its value is fixed to the U.S. dollar, this means that stablecoin value is kept as close to $1 as po...

In this blog, we’re diving into what DeFi is all about. To keep things clear, I’ll start with CeFi, so you’ll have a solid foundation before we jump into DeFi. I’ll also walk you through the main services DeFi offers and break down the key differences between CeFi and DeFi. And don’t worry, I’ll keep everything super simple! What is Centralized Finance (CeFi) To put it simply, CeFi is when financial services provided are managed by a central authority, like a bank or a company, which controls your money and handles transactions for you.  However, CeFi is not just limited to banks or traditional institutions. We have CeFi in the crypto space as well. For example, Binance, Kraken and Coinbase, all these are centralized platforms who provide financial services in crypto to individuals, since they are central authorities who manage peoples’ money, they also fall under CeFi.  What is DeFI (Decentralized Finance) In simple terms, DeFi is a system that provides all the financial serv...

In this blog, I will explain the concept of liquidity in the crypto space, covering why it is important, its significance during economic events, and the implications of low liquidity levels. While I won't delve deeply into the various types of liquidity, my goal is to provide a solid understanding of its key implications for the crypto market, ensuring you walk away with the essentials. What is Liquidity in Crypto Market? Liquidity in cryptocurrency refers to how quickly a digital currency or an asset such as Bitcoin and Ethereum can be easily bought and sold in the market without causing a significant change in its price.  High liquidity means there are many buyers and sellers. For example, let’s say you own 100 Bitcoins (BTC), and you want to sell all of them! If there are plenty of buyers in the market to absorb that selling pressure, you can sell your Bitcoins almost immediately at the current market price (CMP). Such a situation indicates a liquid market. However, if there ar...

Introduction The internet has come a long way undergoing many significant transformations shaping the way we communicate, share information and do businesses. And now we are at the brink of a new era of internet - Web 3.0, also known as the decentralized web, but what does this mean? In this blog we will dive into the evaluation of the web, the new internet and how it will positively impact various industries.  But before jumping into Web 3.0, let’s look at the evolution of the web for you to get a better understanding about the next internet. Web 1.0 (1990s - The Static Web) Web 1.0 was the first version of the internet and primarily consisted of static web sites, meaning you can only read or view information. Other than that, your options of interacting with information were very limited. It was mainly like one way communication; websites were like brochures with text and images without any rich media experiences and with very limited functionality. Example of Web 1.0: Yahoo, Net...