Blockchain updates

Characteristics of the DeFi Lending and Borrowing Platform Quick Loans Flash loans are one form of no-collateral lending. This function became in popularity as DeFi lending platforms expanded. The website allows users to borrow money without providing any security. These loans have a short term, though, and if the borrower is unable to make payments by the due date, the loan is promptly canceled. Smart contracts control the process and stop fund transfers if the conditions are not satisfied. Therefore, the borrower must pay back the loan to complete the transaction. If not, the smart contract cancels the loan. Switching Rates The market for crypto assets is constitutionally unpredictable. Therefore, a rate-switching functionality can be advantageous to users. Here, users have the option of fixed or variable interest rates, protecting them from unanticipated market changes. This feature provides some stability to borrowers when they borrow. Gateway by Fiat This innovation allows users t...

  The growth of Decentralized Finance (DeFi) has been pretty interesting in 2022. The entire DeFi ecosystem aims to provide a transparent, permissionless, and open-source financial ecosystem to the users. According to DeFi Pulse, the DeFi ecosystem locks in close to $13.01 billion, and DeFi Dapp is the single largest segment of the ecosystem. On top of that, this segment expresses spectacular growth in the upcoming years.  Addus technologies offer Dapp development services, and here we explain what Dapp is and how it works. What is a Decentralized Application? It is a sort of distributed open-source software program known as a decentralized application (dApp) that runs on a P2P blockchain network as opposed to a single machine. DApps are comparable to other software programs that may be used on a website or a mobile device but are P2P-supported. How does a Dapp work? Decentralized apps (Dapp) have the following three unique features and elements: They are open source : more u...