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The Aave Protocol is an open-source, decentralized, non-custodial liquidity protocol on Ethereum that allows users to provide and borrow crypto assets, and profit from the assets provided to the protocol. The yield of all crypto assets on offer adjusts automatically and algorithmically based on supply and demand. After providing crypto assets, users can borrow other assets as long as they have provided sufficient security. The Aave protocol also allows users to participate in single-block borrowing…

Advantages of blockchain in payments services Blockchain enables fast, secure, low-fee global price processing services (and different transactions) through using encrypted allotted ledgers that offer depended on real-time verification of transactions without the want of intermediaries along with correspondent banks and clearinghouses. The blockchain era became first all used to help decentralized virtual currencies, however, it is now being explored for far diverse situations. It in addition gives the subsequent pinnacle advantages: Removes intermediaries There…

Hey folks, as you already know that cryptocurrencies and the Blockchain tech is being inducted by various organisations and administrations throughout the world in various fields to streamline their age-old systems and now there has been a new kind of adoption, the King Faisal Specialist Hospital and Research Centre (KFSHRC) of Saudi Arabia has officially announced that they have partnered up with Blockchain Lab to implement a new Blockchain tech-based “digital credentialing solution” system. The…

Blockchain technology could change our world more than people imagine,Jack Ma, Founder and Chairman, Alibaba Group. Blockchain Technology in Layman’s Terms With the declaration of crypto-taxation laws of Budget 2022, it becomes important for us to have a basic understanding of the technology on which it is based and what is the need for such a technology. Let’s have a closer look at the technology to find it all out. Need of the Technology The…

Technology is rapidly advancing and evolving at an unimaginable speed. In every moment there is some kind of new invention or advancement in this field. Nobody can predict where it will lead or take us in the near future. As days pass we are getting more and more dependent on this. We are struggling to follow or keep up with this tech trend which is always changing and adapting itself for the future. The truth…