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What Is Ethereum Classic (ETC)? Ethereum Classic (ETC) is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, fraud, or third-party interference. It is a continuation of the original Ethereum blockchain, which split in 2016 following a controversial hard fork that was implemented to reverse the […]
What Is Dai (DAI)? Dai (DAI) is a stablecoin cryptocurrency that is decentralized and pegged to the value of the US dollar. It was created by MakerDAO, a decentralized autonomous organization that operates on the Ethereum blockchain. Here are some key points about Dai: 1. Stability: Dai is designed to maintain a stable value of […]
What Is UNUS SED LEO (LEO)? UNUS SED LEO (LEO) is a cryptocurrency token that operates on the Ethereum blockchain. It was issued by the cryptocurrency exchange Bitfinex in order to provide various benefits to its users. Here is some detailed information about UNUS SED LEO: 1. Purpose: LEO was created by Bitfinex to offer […]
What Is Filecoin (FIL)? Filecoin (FIL) is a decentralized storage network designed to store humanity’s most important information. It is a peer-to-peer network that allows users to buy and sell storage space on the network using the native cryptocurrency FIL. Filecoin aims to create a more efficient and secure way to store data by leveraging […]
What is the Internet Computer (ICP)? The Internet Computer (ICP) is a blockchain-based decentralized computing platform developed by the DFINITY Foundation. It aims to provide a secure and scalable environment for hosting smart contracts and can be used to build a wide range of decentralized applications (dApps). Here is some detailed information about the Internet […]
Core inflation in the USA exceeded forecasts for the second month, confirming the Fed’s cautious interest rate cut view. The US federal government’s budget deficit increased by 13 percent in February compared to the same month last year, reaching $296 billion. Gold extends losses as US inflation data reinforces Fed caution. CME Group signaled its […]
What Is Litecoin (LTC)? Litecoin (LTC) is a peer-to-peer cryptocurrency created by Charlie Lee in 2011 as a fork of Bitcoin. It is often referred to as the silver to Bitcoin’s gold. Litecoin was designed to offer faster transaction times and lower fees compared to Bitcoin. Here is some detailed information about Litecoin: 1. Algorithm: […]
What Is NEAR Protocol (NEAR)? NEAR Protocol (NEAR) is a decentralized application platform designed to make it easier for developers to build and deploy applications on the blockchain. NEAR aims to provide a scalable and developer-friendly environment for creating decentralized applications (dApps) that can scale to millions of users. Here are some key features and […]
American consumers’ short-term inflation expectations remained unchanged at 3 percent in February, remaining at the lowest level in the last 3 years. Gold fluctuated after eight consecutive days of gains as investors watched Tuesday’s consumer price index release for clues about when the U.S. Federal Reserve might start cutting interest rates. Unicredit Economist Erik Nielsen […]
What Is Uniswap (UNI)? Uniswap (UNI) is a decentralized exchange (DEX) protocol built on the Ethereum blockchain. It allows users to swap various ERC-20 tokens without the need for a centralized intermediary. Uniswap uses an automated market-making (AMM) system, where liquidity providers deposit funds into pools to facilitate trading. Here are some key features and […]
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