What makes Cosmos— The Internet of Blockchains?
What is Cosmos?In recent times, the hype of NFTs, Play 2 Earn games, and DeFi are on top of the roof. Things weren’t the same back when Bitcoin was first developed*. *Blockchain then was only used as Bitcoin’s public ledger. Realizing the other utilities, the creative juices led to blockchain being more than a public ledger. Soon, File storage, Prediction markets, Smart contracts, DAOs, and dApps were envisioned. Scary was the emotion— to build upon these ideas. Writing the entire code in C++...
What makes Cosmos— The Internet of Blockchains?
What is Cosmos?In recent times, the hype of NFTs, Play 2 Earn games, and DeFi are on top of the roof. Things weren’t the same back when Bitcoin was first developed*. *Blockchain then was only used as Bitcoin’s public ledger. Realizing the other utilities, the creative juices led to blockchain being more than a public ledger. Soon, File storage, Prediction markets, Smart contracts, DAOs, and dApps were envisioned. Scary was the emotion— to build upon these ideas. Writing the entire code in C++...
How does Frax Finance Works?
What is FRAX?Frax is a decentralized fractional stablecoin. This means, it’s partially collateralized with on-chain crypto (USDC) and the other bit is backed by an algorithm. The stablecoins market is very well established. How does Frax add a flavor to it? Let’s understand stablecoins first. The goal of any stablecoin is simple— maintain its peg to 1 USD. However, things get fiercely complex to achieve this simple goal. Numerous methods like fiat collateralization, commodity backing, crypto ...
How does Frax Finance Works?
What is FRAX?Frax is a decentralized fractional stablecoin. This means, it’s partially collateralized with on-chain crypto (USDC) and the other bit is backed by an algorithm. The stablecoins market is very well established. How does Frax add a flavor to it? Let’s understand stablecoins first. The goal of any stablecoin is simple— maintain its peg to 1 USD. However, things get fiercely complex to achieve this simple goal. Numerous methods like fiat collateralization, commodity backing, crypto ...
