Liquidity means the availability of assets or tokens in an exchange for users to buy/borrow. Liquidity pool in laymen's terms means a pool (space) where tokens are deposited for providing liquidity. Liquidity pools are available both in centralized and decentralized exchanges. …

Exchange in the crypto space is a platform where users buy & sell(exchange/trade) their token holdings for other tokens directly from other users without a centralized middleman who does it for you. Let me explain how exchanges work in a centralized system for a better understanding. When you travel from…

What is DeFi? DeFi stands for Decentralized Finance. Traditionally, our money and finance are controlled by government entities. They decide what the interests would be, how the exchange value of our holding would differ, and what we can do with our money. Whereas in decentralized finance, you have no limitations. You make decisions…

In this article, we will learn the step-by-step procedure to set up a non-custodial wallet. In the previous article you would have learned about what a wallet is and the different types of crypto wallets that are available. One of the types of wallets was a non-custodial wallet (click here…

What is a consensus mechanism? Who gets to decide what changes happen on the network? Who gets the rewards? who takes decisions? This is where the consensus mechanism comes into play. As a blockchain network is decentralized and there is no higher authority to make decisions, there are a set of rules and regulations that…

What is a Blockchain? 👉 Blockchain is a series of immutable (unchangeable/ uneditable) blocks placed in chronological order of their mining. 👉 Blocks are packages of data whose value after mining cannot be changed.