Decentralized Archives - Cryptolifedigital

XRP Ledger’s Decentralized Exchange Hits New Milestone with Over 7.5 Million $XRP Locked

25Apr

By Kayode Oke MichaelNo Comments

XRP News

XRP Ledger’s Decentralized Exchange Hits New Milestone with Over 7.5 Million $XRP Locked

The XRP Ledger's automated market maker (AMM) has achieved a total value locked (TVL) of over 7 million $XRP, according to DeFi analytics platform DeXfi. The TVL has increased significantly in just a few weeks, with more trading pairs with XRP and larger inflows contributing to the growth of the locked assets. The locked assets, which include XRP, Sologenic ($SOLO), USD Coin ($USDC), Bitcoin ($BTC), and Coreum ($CORE), are worth approximately $4 million. The 3.7 million XRP tokens contribute approximately $2 million to the locked assets. https://twitter.com/Vet_X0/status/1782927240658870335 Read Also: Exploring the Link between Global Events and the Recent Surge in Bitcoin and XRP Coin Prices The Overview of SOLO/XRP AMM The SOLO/XRP AMM pool holds the largest share of locked as...

Changpeng Zhao’s Rollercoaster Year: From Legal Challenges to Surging Wealth

27Dec

By OLAJIDE SAMUELNo Comments

Crypto Exchanges

Changpeng Zhao’s Rollercoaster Year: From Legal Challenges to Surging Wealth

Changpeng Zhao, commonly known as CZ, has navigated a tumultuous yet financially rewarding year in 2023, witnessing a remarkable surge in his net worth despite legal challenges and significant changes in his professional roles. As of 2023, CZ has secured the 35th position on the Bloomberg Billionaires Index, experiencing a staggering $24 billion increase in his net worth over the year. This surge is a testament to Zhao's enduring impact on the cryptocurrency industry, solidifying his status as one of its most notable figures. Read Also: XRP Community Divided: Ethical Dilemmas Arise Over Proposed Escrow Burn Zhao's journey in the crypto space began in 2013, with key roles in projects like Blockchain.info and serving as the Chief Technology Officer (CTO) of OKCoin. However, his pivo...

6Jan

By Daniel AbangNo Comments

Crypto Guides

2023 Index of Smart Contract Security

The 2023 index of smart contract security is important for everyone in the blockchain world, this is because smart contract differentiates Blockchain technology from any other decentralized platform in the aspect of financial activities, therefore any information that suggests ways how to protect the credibility of smart contract should be given absolute consideration. The massive growth in the blockchain space continues to attract crimes and hackers that make the integrity of smart contract activity doubtful. This article will highlight some measures to take that will help in securing smart contracts and by extension blockchain technology in 2023. Some of the indexes in 2023 are listed below. Definition of Smart Contract A smart Contract is a medium of establishing an agreement ...

Comparing Centralized And Decentralized Crypto Exchanges (Advantages & Disadvantages)

4Jun

By Cryptolifedigital1 Comment

Crypto Guides

Comparing Centralized And Decentralized Crypto Exchanges (Advantages & Disadvantages)

Centralized crypto exchanges are platforms that permit users to purchase and sell cryptos within an infrastructure managed by the exchanged firm. We have vouched to get the information that you have been seeking and have presented them to you in plain and simple language for your maximum understanding. What is Crypto Exchange? A crypto exchange is an online platform for buying and selling digital currencies. It is an online platform that allows traders to buy, swap, invest, convert, sell and transfer their cryptocurrencies from one wallet address to another. Added to this, an exchange has several other features and services it renders to traders. Read Also: Top 12 Solana NFT Marketplaces The most significant feature of this is that; it permits traders to exchange their fiat mo...

Cardano Focus On Increasing Interoperability To Strengthen The DApp

27Mar

By Cryptolifedigital3 Comments

Blockchain

Cardano Focus On Increasing Interoperability To Strengthen The DApp

Cardano also plans to employ Fourier Labs' interoperability results to strengthen its dApp and stoner relinquishment by lowering sale freights, adding scalability and security, as the rearmost investment intends to develop Fourier Protocol on Cardano, an interoperable, Ethereum Virtual Machine( EVM) compatible result that would accelerate the migration of EVM- grounded systems to the Cardano ecosystem. Defi relinquishment is on the upswing according to the Defi Lima, with roughly$ 200 billion in TVL( Total Value Locked) across all of the main Defi protocols. In just two times, this represents a nearly 240 gain. The main stoner onramp for Defi is decentralized exchanges( DEX), although numerous of them now demand advanced sale freights. drop sale freights as an erected- point of Fourier La...