DeFipedia - The First Decentralized Finance Encyclopedia

Whether you're DeFi-curious or DeFi-native, DeFipedia serves all levels of knowledge and experience. Get started with the fundamentals of DeFi, take a deep dive into DEXs, DAOs, yield farming & staking, explore popular dApps, or learn about latest analytics and rankings of DeFi protocols.

Metaverse Real Estate Development Services

With our Metaverse Real Estate Development Services you may create your own universe. Metaverse in Real Estate Metaverse, which has become popular in the cryptocurrency world, has been described as the next stage of the Internet and has been deeply moved by investors. Metaverse is nothing more than a hybrid of virtual reality (VR) and augmented reality (AR), which this year has exploded into the popular spotlight. Users can interact with, create avatars, buy land and play games, go to virtual concerts, and experience everything in the real world in one shared virtual space. Blockchain in real estate encourages profitable investments as there are no middlemen. Development of virtual land in the metaverse is a difficult process that should only be handled by knowledgeable blockchain service providers. Metaverse Virtual Real Estate Development Services Metaverse Real Estate Development is the process of developing 3D virtual lands which you can use it for sell with other users for NFTs or Metaverse Tokens. Buildings in third-dimensional space are created by Metaverse Real Estate Development at a cost in order to be rented out or made available for lease to anyone in the world. Our Metaverse Actual Estate Development solutions seek to create a completely distinct & scarce virtual environment that is comparable to the real world. There are many potential use cases for Metaverse Virtual Real Estate Development, and Blockchain Technologies, a top Metaverse real estate development company, guarantees fascinating solutions that enable the assets to be exchanged, swapped, or rented. Metaverse Real Estate Design & Development Services Our skilled blockchain developers create a variety of real estate, including commercial, residential, and industrial properties. These properties include all the features and offer white-label solutions in accordance with the needs and requirements of the client. Metaverse Real Estate Smart Contract Audit & Development Blockchain Technologies experienced blockchain developers create and put into practice cutting-edge smart contracts to enable permission less real estate transactions, which offers exceptional speed and security. Metaverse Real Estate Services & Upgrade Our blockchain professionals provide dependable upkeep and support services that guarantee the dependability and functionality of the metaverse platform and give smart contracts the utmost assistance. Metaverse Real Estate Integration Services We offer outstanding integration services that would enhance the capabilities of the metaverse’s real estate, system interactions, and APIs, with a focus on the user’s experience & interface. Benefits of Metaverse Real Estate Services Although many industry insiders think Metaverse is the next generation of the internet and Metaverse is the future of real estate and now it’s booming in the world. Users can own land in the metaverse and rent it out to other entities like companies and individuals. At the same time the same land can be utilized for multiple purposes. There are no rules or recommendations for what should be developed when, and input costs are extremely low in the metaverse. The high returns and benefits for significant investment are the key perks of owning metaverse real estate. Finding commercial renters that one might only imagine is made possible thanks to the Metaverse real estate industry. Users are permitted to own land and mortgage it as a secondary source of revenue through the Metaverse real estate corporation. Why Choose Blockchain Technologies ? We are the Top Notch Metaverse Real Estate Development Services Company Recent years have seen major technological change in the real estate sector. Technology advancements are positioned to change the real estate sector as virtual land transactions gain pace. The Metaverse is now more popular than ever because of the quick adoption of technology, and real estate there is the hottest new thing! With the best solutions in the industry, Blockchain Technologies may easily become the market leader. Our professionals blockchain developers present priceless and seductive solutions that will quickly attract a wide audience. To acquire a bespoke Metaverse Real Estate Development Services at your needs and requirements with a valuable price, Get in touch with us today!

Metaverse Integration Services

Blockchain Technologies Metaverse Integration Services Blockchain Technologies Metaverse Integration Services We create innovative metaverse products and assets that add actual value to businesses. The Metaverse is a simulation of the actual world in a virtual environment. The metaverse, which technologists have called a trillion-dollar income opportunity, reveals opportunities in a variety of sectors and industries. We assist brands and businesses strategize, build, and construct essential metaverse components like 3D virtual worlds, metaverse NFT marketplaces, metaverse applications, and decentralized platforms thanks to our extensive understanding in blockchain and immersive reality technology. dApp Integration We integrate the dApps into your Metaverse, a peer-to-peer blockchain network that powers it. The execution of a development interface by dApp integration speeds up your designing times and makes it possible to start projects quickly. API Integration API Integration We create an integrated API that manages appeals and makes sure your Metaverse business system is compatible with one another. It makes data, applications, and device transmission possible. Data Integration Data Integration To maximize the potential of your metaverse platform, we provide special integration tools. Your metaverse system delivers an excellent user experience with the necessary tools. High scalability is a possibility. NFT Marketplace Integration NFT Marketplace Integration We import your existing marketplaces or build completely new NFT marketplaces. Your trade operations will increase thanks to the integrated NFT market, and you'll acquire digital ownership. Event-Driven Integration Event-Driven Integration We will supply the proper APIs and technologies for your event-driven events. Your platform will always be operationally prepared to host particular events like a video broadcast or a poll thanks to our integration services.

Metaverse Game Development Services

What is a Metaverse Game? What is a Metaverse Game-Blockchaintechs A metaverse is typically an immersive virtual environment where users can interact with one another, build in-world objects and landscapes, and generate experiences. Users are commonly represented by avatars. Let me understand that your goods are being transformed into NFTs and sold for millions of dollars. Gamers also have a method to escape the hardships of the real world. A 3D virtual environment called a metaverse, on the other hand, blends our social and real-life lives to produce an engaging digital experience. Even some computer professionals believe there is a connection between NFTs and the Metaverse. NFTs serve a variety of purposes in the metaverse. NFTs are crucial for everything from granting asset ownership to enabling multiplayer blockchain gaming. Redefine the Gaming World with our Metaverse Game Development Services Over the years, technology has undergone various advancements. In the world of strange innovations, maintaining one will not be more effective. The purpose of technology is to overcome practical issues and confuse the boundary between the real world and the virtual one. But as technology develops over time, the gaming industry continues to thrive. These internet versions have given rise to new technological developments like Metaverse. On the other hand, in order to fully realize the potential of their projects, these technologies take advantage of blockchain and its well-known use cases. A game’s avatar, which they use to represent themselves in the shared and immersive virtual environment known as the Metaverse, can interact with other users, build experiences, and create in-world objects and environments. Users can purchase, sell, and trade characters, virtual goods, items, avatar accessories, and a wide variety of other things in metaverses, which often have their own intrinsic economies and cryptocurrencies. Through a computer, virtual reality (VR) headset, or smartphone. Blockchain Technologies is one of the best metaverse game development company, offering cutting-edge, durable, and specialized solutions for building your own metaverse platform. Benefits of Metaverse Game Development Metaverse game benefits-Blockchain Technologies The most cutting-edge solutions for transferring goods and services from the actual world are offered by users and corporations through metaverses, which are digital 3D universes. Blockchain technology underpins the open and just economy that Metaverse offers. While yet in their development, crypto metaverses possess enormous social and economic promise. Crypto metaverses provide users additional opportunities to play, invest, collect, and socialize, as well as new ways to make money from it all. Why Choose Blockchain Technologies ? We are well versed in Metaverse Game Development Services We, Blockchain Technologies built the Metaverse game development from the scratch to include all of the features and benefits that players and users need. It is never done as the first thing to set up a game in NFTs own metaverse. We , making you the ideal product for the future. As people would encounter Effective Virtual Gaming, the traction would be higher. By moving your games to the next level, choosing Blockchain Technologies service will revolutionize them for the next generation.

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Boba Network: Revolutionary Layer-2 Scaling Solution for Ethereum

Blockchain technology is relatively new, having originated in 2009. Since then, it has come a long way, undergoing massive improvements, like decentralized apps, NFTs, multiple layers, and much more. As developers of different backgrounds started getting into blockchain, more features were implemented, primarily aiming to make the technology more efficient and easier to use. The Problem One of the most scalable blockchains is Ethereum, with the majority of modern blockchain features being implemented on it. Despite its positives, Ethereum has always had one critical flaw: exorbitant gas fees. Many believe this issue will be resolved with the transition to ETH 2.0 set to happen on 19 September 2022. However, many critics believe this won't solve the gas issue for Ethereum, which is why developers have started looking into Ethereum alternatives in 2022. Instead of the merge rectifying the gas issue, critics believe this problem will persist as Ethereum is a so-called "Layer-1 blockchain". This means that all transactions processed within a block are stored on one layer, and then everything is distributed appropriately. Consequently, developers have thought of a new blockchain model that might solve this issue, which is where Boba Network comes in. What Is Boba Network? Boba Network is a Layer-2 scaling solution for Ethereum. This means the blockchain has an additional protocol built on top of the main network—a second layer used to handle transactions. In addition to implementing a second layer, Boba Network also uses an Optimistic rollup model to scale Ethereum's transactions. In short, this rollup model ensures that the data doesn't necessarily have to be stored on the main chain. Instead, the data is stored off-chain, with only a small portion of it being stored on-chain. This way, the network can process a much larger volume of transactions without worrying about bloating the network. How Does Boba Network Work? Boba Network is a smart contract platform that runs atop Ethereum. It consists of two main components: Validator Manager Contract (VMC) This contract manages all the validators within the network. It is responsible for assigning transactions to different validators and keeping track of their activity. When transactions are properly assigned and distributed, there won't be an overloaded validator, meaning that all transactions will be managed accordingly. Rollup Contract (RUC) This is the contract that actually processes the transactions. It consists of two parts: the relay chain and the Rollup Chain. The relay chain is specifically responsible for processing deposits and withdrawals, while the Rollup Chain handles all other transactions. What Are the Advantages of Boba Network? Boba Network's primary benefit is its scalability. Thanks to its Optimistic rollup model, the network can process around 500 TPS (transactions per second). This number is set to increase in the future as more improvements are made to the network. Ethereum currently has a TPS of 13. In terms of security, Boba Network uses a combination of Proof-of-Stake and Plasma to secure its transactions. Proof-of-Stake consensus is used to validate all the transactions happening on the chain, while Plasma is used to prevent double-spending. This combination makes Boba Network one of the most secure Layer-2 scaling solutions available. Another big positive for Boba Network is that it's user-friendly and doesn't require any special software to be used. Instead, users only need a Web3-compatible wallet, like MetaMask. In addition, Boba Network has an easy-to-use interface that makes it perfect for those who are not too familiar with blockchain technology. What Are the Drawbacks of Boba Network? The main drawback of Boba Network is that it's still in its early stages of development. Even though the network officially launched in September 2021, it's still a relative newcomer compared to older players. Unfortunately, some bugs and glitches are inevitable, potentially leading to security issues. Additionally, the team behind Boba Network is relatively small, so it might take a while for all the planned features to be implemented. Another factor to keep in mind is that since Boba Network is built on Ethereum, it shares all of Ethereum's limitations. The Future of Blockchain Technology Boba Network seems to be a promising project that, if executed correctly, could revolutionize the way Ethereum currently works. If the Ethereum merge fails to solve the main issue of the network, developers and users alike might be forced to use alternative solutions like Boba Network. While Boba Network is not the first Layer-2 solution to be proposed, it still has significant advantages that should be considered for the future of blockchain technology.

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Fat Protocol Theory: Is It Outdated and Becoming Obsolete?

In the years after its development, the blockchain model caught the attention of many professionals. The technology behind this model was widely thought to be revolutionary, as it would be a fully decentralized communication model. Moreover, its use cases would also be massive, potentially revolutionizing how many industries function. However, certain analysts immediately developed theories regarding how the blockchain will develop. One of the most popular ones is the Fat Protocol theory or thesis (FTP), which we will cover below. Difference Between the Traditional Network Model and the Blockchain Model To understand this theory, a distinction needs to be made between traditional network protocols and blockchain technology. Unlike traditional network protocols, like TCP/IP and HTTP, the blockchain network model works quite differently. With traditional network models, the dynamic works in a client-server manner—the client requests data from the server, the server processes it, and then sends it back to the client after the validity of the data in question has been verified. With blockchain technology, there is no such thing as a client and a server. Instead, every node that joins the network can act as both. As a result, the nodes in the blockchain model can process and send data to another node in the server, allowing for much more transparent communication. In a traditional network model, data's validity is verified from the server, but in the blockchain model, the data is verified by other nodes in the network. What Is the Fat Protocol Theory? Joel Monegro first proposed the Fat Protocol theory in 2016. In his original post, Monegro argues that the value of a network will be determined primarily by its underlying protocol layer rather than the applications built on top of it. Let's take a look at his statement in simpler terms. With the way most networks work, they have a so-called "application layer" on top. For the world wide web (WWW), the application layer is where all the apps we use daily are stored—like Facebook, Instagram, LinkedIn, etc. Underneath this application layer is a "protocol layer", which defines how the network works. Regarding the internet we use today, the network consists of a "fat" application layer and a "thin" protocol layer. Monegro believes the blockchain network will have the opposite model—a "fat" protocol layer and a "thin" application layer. The reasoning behind this is that, with traditional networks, the app developers don't have to worry about how the network works—they just develop their app and launch it on the app store. But with blockchain technology, every developer who wants to launch an app will first have to create their own blockchain. Thus, the "fat" protocol layer will be much more valuable than the "thin" application layer. Shortfalls of the Fat Protocol Theory The Fat Protocol theory is controversial for a few reasons. Firstly, it goes against the way all networks have developed so far. As we've seen, with the internet, the application layer is much more valuable than the protocol layer. The dApps built on top of the network are what drive users to use it, and thus, they are what create value. The second flaw in the theory is that it doesn't take into account the fact that the blockchain is still in its early stages of development. At this point, it's still very hard to create a functional blockchain, and most people that want to do so don't have the necessary technical expertise. Moreover, it's also hard to launch an app on a blockchain, as there are very few users that actually have the required cryptocurrency to use it. These factors make it very unlikely that the Fat Protocol theory will play out in reality. For now, it seems much more likely that the value of a blockchain network will be determined by the applications built on top of it rather than the protocol layer. As more and more developers start seeing the benefits that blockchain technology offers over traditional network models, we'll likely see more apps being built on the blockchain. Cloaked in Controversy We can conclude that the Fat Protocol theory is a controversial one, and it's doubtful that it will come to fruition. The main reason for this is that the theory doesn't take into account the fact that blockchain technology is still in its early stages of development. As previously highlighted, creating a blockchain is complex, and most people don't have the technical expertise required. However, as the industry grows, we'll likely see more blockchains being built with an extensive application layer, which is what gives a network its actual value.

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Best Low-Fee Stablecoins Worth Considering

Any trade you make on a crypto exchange has a basic trading fee. In most instances, the trading fee follows the maker/taker system, incentivizing stakers that provide liquidity by charging lower transaction fees. Nonetheless, bids submitted to stablecoin markets, two fiat currencies, or wrapped tokens like WETH/ETH are charged a flat fee irrespective of whether they are maker or taker orders. To view the comprehensive stablecoin fee structure, visit your exchange’s fee schedule page. You can see the fees you will be charged by checking the currency pair your bid falls under. Popular Low-Cost Stablecoins According to a recent stablecoin study conducted by the Department of Economics at Rutgers University, transaction fees vary significantly among the sampled stablecoins—Tether (USDT), USD Coin (USDC), and Dai Stablecoin (DAI). Again, because the transaction costs affect block creation time, the cost and completion time are difficult to predict. The study shows that: The average cross-section fee of USDT is $3.44, with an average percentage fee of 0.20%. The cross transaction fees for USDC are higher than USDT. Its average fee is $13.03, with an average fee of 0.84%. DAI transaction costs are quite similar to those of USDC, though the medium cost for USDC is less by nearly $3. Let’s have a closer look at each of these stablecoins: USDT USDT is the first and biggest stablecoin by market cap. USDT was developed by the BitFinex exchange in 2014 as RealCoin before rebranding to Tether in November of the same year. The pros of USDT include high market capitalization, stability, and fast transactions. Its cons include centralization and lack of transparency regarding its fiat reserves. USDC Circle and Coinbase jointly developed the USDC stablecoin in 2018. It’s mainly backed by the US dollar and licensed by reserved assets. USDC’s pros include being fully backed by US-regulated fiat reserves, transparency in its operations, and minimal price fluctuation. Its main drawback is having a lower market cap than USDT. DAI This is a crypto-backed ERC-20 token that is overcollateralized via Maker vaults. Unlike the stablecoins above, DAI embraces a decentralization approach through smart contracts and a governance token to control price stability. DAI offers collateralized loans, uses smart contracts to lock tokens in contracts, and allows regular independent auditing of its reserves. Conversely, DAI seems a bit complex for crypto newbies and exposes users to smart contract risks, especially hacks.

How to Get an Initial Coin Offering (ICO) in Simple Steps

An Initial Coin Offering (ICO) is similar to an Initial Public Offering (IPO) where a new coin is introduced to the crypto industry. A crypto project can get an ICO to raise funds. Interested individuals can join the ICO by purchasing the project’s token offering. The token’s utility is closely tied to the product or service the project is providing. Here are five simple steps on how to get an Initial Coin Offering. Step 1: Determine Your Technological Needs Assess how blockchain technology will integrate with your daily business activities and how you intend to use it to improve your products or services. There are legal implications that will affect your technological choice and your platform offering. Therefore, how your business accepts crypto, stores it, and educates customers and investors are essential to the compliance step. It should be based on a legal framework applicable to your ICO. Step 2: Choose a Jurisdiction for Your ICO Since U.S. securities laws apply to ICOs in all the states, you can launch your token offering outside the United States. Some crypto-friendly countries have favorable laws, like a broad pool of authorized investors and fewer financial disclosures. Additional benefits include better tax treatment and lenient penalties for non-compliance. You can consider investing in countries such as Malta, Gibraltar, Singapore, and Switzerland. Step 3: Write a Detailed and Clear White Paper Your white paper presents information on how your project works. As such, a good white paper should raise the confidence and trust of potential investors. This document should contain legal statements about the securities laws and other regulations applicable to your ICO. Previously, the Securities and Exchange Commission (SEC) profoundly mentioned a crypto project’s white paper when it wanted to shut it down. Step 4: Select the Best Launching Platform You need to choose the platform where you will be conducting your ICO. Previously, most projects chose to launch their ICO tokens on the Ethereum blockchain. Ethereum is well equipped with ICO development tools and smart contract functionalities to launch ERC-20 tokens smoothly. However, Ethereum’s high gas fees and scalability issues have created multiple Ethereum alternatives. Platforms like BNB Smart Chain (BSC), Solana, Polygon, Avalanche, etc., have merged as ideal ICO launch pads because of their low-cost transaction fees and high scalability. Step 5: Marketing Lastly, develop a well-defined marketing strategy to help you reach out to potential partners and investors. This can include developing a website any interested parties can be referred to who are looking for information. Supplement this with social media marketing by posting engaging content that leads back to your website and utilizing paid advertisements to reach your target audience. Also, consider providing limited free coins to potential users as well as a space where feedback can be discussed.

How Do DAI Tokens Work?

Dai is the first decentralized stablecoin, as opposed to a semi-centralized stablecoin like USDC, that aims to maintain its value with the US dollar through a 1:1 peg. It strives to solve one of the major challenges facing the mass adoption of cryptocurrencies—volatility. Unlike other stablecoins issued by centralized entities, Dai is the native currency of the Maker Protocol, a decentralized autonomous organization (DAO) built on the Ethereum network. How Is DAI Created and Destroyed? Dai is created when a user borrows against locked collateral and is destroyed when the user repays their loan. For example, if you lock ETH or any other accepted crypto in the Maker Protocol, you will receive a loan in the form of new Dai tokens. When you repay the loan, the protocol burns the Dai tokens and gives you your collateral. Importantly, the Dai ecosystem is governed through a democratic system of governance. Here, every change and decision affecting Dai is executed after approval by most token holders. What Is DAI Pegged To? Dai is pegged to the US dollar on a 1:1 ratio by leveraging the Target Rate Feedback Mechanism (TRFM). When the Dai price is below $1, TRFM rises and pushes the price upwards. When the price increases, Dai holders make profits, and the demand for Dai increases. As the demand rises, the supply of Dai begins to reduce because users borrow tokens from the market via Collateralized Debt Positions (CDPs). Therefore, they make the Dai price rise to its target price again. Benefits of Dai Over Other Collateralized Stablecoins Here are the main benefits of Dai over other centralized stablecoins: Complete financial independence Dai is managed by the Maker Protocol, eliminating intermediaries from the equation. This means Dai tokens cannot be censored or frozen.Self-sovereign money generation You can create Dai by locking collateral in the Maker Protocol to eliminate counterparty risks instead of trusting a custodian with it.Savings Dai holders can put their assets into use and earn the Dai Savings Rate (DSR) by depositing Dai in smart contracts. You can access these contracts via the OKEx Marketplace, and by using crypto wallets such as Oasis Save and Argent wallet. Convenient, fast, low-cost remittance Unlike most stablecoins, you can use Dai to repay loans and perform cross-border and other online payments cost-effectively. Transparency minting mechanism Unlike in centralized stablecoins where custodians might mismanage the locked funds (remember the collapse of TerraUSD), Dai embraces transparency through the use of smart contracts in managing its reserves.

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