“We just think about the Internet and how it has evolved since its earliest days. With Defi space, the possibilities are endless.” What is forbitswap? forbitswap is a decentralized exchange (DEX) running on Ethereum. It’s specifically designed for a swapping platform that cuts out the middleman and allows users to trade cryptocurrency directly with…

Ever since its nascence, Ethereum has had a plethora of decentralized applications dApps developed on it, which sparked a boom of decentralized economy and decentralized finance (DeFi). …

Oracles provide external data to smart contracts that operate on blockchain technology. Since blockchains and smart contracts are closed systems (where there are rigid processes for connecting to external data sources), oracles present a way of securely providing off-chain data to a blockchain network’s on-chain environment. They are essentially a…

“We have come full circle “ according future.a16z What is DeFi and where did it come from? DeFi builds on three major waves of blockchain innovation across the last decade, each of which began with deep skepticism and has since progressed to acceptance and adoption. The first era was defined by Bitcoin (invented in 2009), which gave us the…

Cryptocurrencies were the first application of blockchain technology. 2015 saw the advent of pre-conditioned transactions governed by smart contracts, a capability introduced by the blockchain network called Ethereum. Then came the wave of blockchain-based applications or dApps (decentralized applications) and interoperability between the various blockchain networks. …

DeFi space is growing at an astonishing pace and billions of USD have been put in the ecosystem. The growth is mainly led by applications (also denominated as protocols) that are built on the Ethereum blockchain, we an overview of the actors in the DeFi ecosystem from an economic point…

DeFi is an abbreviation of the phrase decentralized finance which generally refers to the digital assets and financial smart contracts, protocols, and decentralized applications (DApps) built on Ethereum. In simpler terms, it’s financial software built on the blockchain that can be pieced together like Money Legos. To get a feel…