STON.fi Blog

We wrote about the history of the creation of TON and their battle with the US Securities Commission in one of the previous posts. Now let's look at what tasks they tried to solve and what unique features the Durovs planned to implement in their Telegram Open Network, and whether they and the team of independent developers succeeded in it. The original whitepaper is still freely available, you can read it here. The tasks facing the developers were truly gigantic: to create nothing but the most perfect blockchain in the world, which: will have an instant transaction speed, and thus will compete with fiscal payment systems (transfer cryp

Arbitrage cryptocurrency trading is an important element in securing the function of decentralized exchanges (DEXes) that use automated market making (AMM) to determine the price of crypto assets. Without crypto arbitrage traders, replenishing liquidity pools and equalizing their balance, which changes after every transaction, would be rather problematic. Simply put, arbitrage traders buy cryptocurrency where it is cheaper and sell it where it is more expensive. The traders monitor the price of cryptocurrency trade pairs on various platforms (for example, on exchanges) and buy or sell an asset when they find that its price differs across p

The Cross-chain Decentralized Exchange allows participants to use one platform to exchange tokens issued on different blockchains via the DeFi system, i.e. without third parties that could potentially change the transaction course and asset price. Hashbon Rocket or, say, O3Swap, are considered to be the first DeFi applications that used CDEX opportunities. Transactions on the CDEX are made with the involvement of oracles and arbitrageurs; the former provide the platform with confirmed data collected off-chain, and the latter are holders of a considerable number of tokens of this particular platform. Together, they guarantee the security an

An oracle is software that finds and confirms data from the outside world (off-chain) and transfers it to the smart contracts on the blockchain (on-chain). One particularly illustrative example is the transfer of information from exchanges and price aggregators to the smart contract controlling the liquidity pool. The information oracles transfer contains the prices of different cryptocurrencies represented in the liquidity pool. In a general sense, an oracle is any service that can transfer to the blockchain data it does not possess. Oracles can be centralized (i.e. managed by one organization) or decentralized (managed by a DAO): the

DeFi (Decentralized finance) is a general term denoting various financial applications based on the blockchain and cryptocurrencies that are aimed at creating an alternative financial system that works without intermediaries. When any such DeFi applications are created, equal participants of the community have access to copies of their transaction histories. Consequently, the transactions are not controlled by any centralized body, which means that they cannot be altered or falsified. In terms of functional potential, DeFi applications offer the full range of traditional financial instruments, but often provide a higher income due to th

Currently, blockchain technology is not tied solely to cryptocurrencies. It is estimated that blockchain is used in more than 50 industries, from tracking the distribution of energy resources in real time to registering land titles. Here are some examples of how blockchain is applied in completely unexpected spheres, introducing new opportunities: After the discovery of E. coli bacteria in packages of lettuce, Walmart and Sam's Club proposed the use of blockchain technology to control the freshness of products. According to their idea, a customer at a self-service checkout could scan any product and find out where it was grown/produced