The internet has evolved over time to become a vital part of our daily lives. Web3 marks the next evolution of the internet where websites, applications, or services are controlled by their users. When you see the phrase “Web3 compatible” this often means that the website or service interacts with the Ethereum network. If you’re …
So you keep hearing about Ethereum and DeFi from a co-worker, family member, or friend and want to learn more. It’s no wonder everyone is talking about DeFi, or rather decentralized finance, when it’s the fastest growing sector of finance. DeFi applications built on the Ethereum blockchain currently in control of $500 million worth of …
Decentralized application (DApp) commonly refers to an application built on top of the Ethereum blockchain using smart contracts. The exact definition of DApp can be hard to pin down because things change so quickly. But, the term DApp can be loosely defined by the qualities that decentralized applications share. Decentralized applications come in many different …
Smart contracts exist on the blockchain and can only access data available on-chain. They rely on what’s called an oracle to interact with real world, or off-chain, data. An oracle is a source of data that is being fed to a smart contract. For example, oracles provide data like the price of a stock, weather …
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 for the products and services …
