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Abbreviations and terms. Part 2In the previous article we analyzed the most commonly used terms related to cryptocurrencies and blockchain. It's time to talk about mining and trading. Letโs go! Dear experienced blockchain and cryptocurrency users, forgive us for some simplifications, we want to make life of less experienced colleagues easier, not confuse them even more :) Mining is the process of creating and finding a new block in the blockchain using computing power (or some other way). Miners are rewarded for their work in cryptocurrency. A mining farm is what buzzes in your neighbor's garage and suspiciously melts the snow in winter. As a rule, specialized min
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Abbreviations and terms. Part 1We know that among our readers there are those who do not fully understand the insides of cryptocurrencies and are just starting their journey. Yeah, greetings to you, dear newcomers. Today we prepared for you a small dictionary of frequently used terms and abbreviations with brief explanations in a very simple language. The list contains both important concepts and comic ones (which we all also use,why not). This collection will be divided into several parts, this is the first one, about cryptocurrencies and blockchain. Dear experienced blockchain and cryptocurrency users, forgive us for some simplifications, we want to make life of less
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Crypto ArbitrageArbitrage 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
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How to Generate a TON WalletIf you want to keep and transfer Toncoins on the TON Blockchain, or issue and buy NFTs on TON, or perform other operations related to receiving and spending coins (including operations on STON.fi DEX), you will need a wallet compatible with the TON blockchain. Creating such a wallet couldnโt be easier: Go to https://ton.org/wallets and check the catalog of custodial and non-custodial wallets. Which TON wallet should you choose? The most common types of wallets are the smartphone app, desktop app, plug-in for Chrome browser, Telegram bot, and web wallet (which works via browser). We prefer the plug-ins for Chrome and mobile apps, and
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What is the Cross-chain Decentralized Exchange (CDEX)?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
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The role of oracles in DeFiAn 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