Esat Dedezade

What Is Yield Farming?

Yield farming involves lending cryptocurrency via, in most cases, the Ethereum network. By way of comparison, when traditional loans are made via banks using fiat money, the amount lent out is paid back with interest. With yield farming, the concept is the same: cryptocurrency that would otherwise be sitting in an exchange or in a wallet is lent out via DeFi protocols (or locked into smart contracts, in Ethereum terms) in order to get a return. Yield farming is normally carried out using ERC-20

Decentralized finance, or DeFi, is a set of financial services built using smart contracts.

What Is Yield Farming? Beginner's Guide

Yield farming involves lending cryptocurrency via, in most cases, the Ethereum network. When loans are made via banks using fiat money, the amount lent out is paid back with interest. With yield farming, the concept is the same: cryptocurrency that would otherwise be sitting in an exchange or in a wallet is lent out via DeFi protocols (or locked into smart contracts, in Ethereum terms) in order to get a return. What Are ERC-20 Tokens, Gas, ETH? Ethereum's Architecture Explained Yield farming is

Audius is a decentralized music discovery platform. Image: Decrypt

Audius Review: Testing The Crypto-Powered Music Streaming Service

Audius is a San Francisco-based startup offering a decentralized blockchain-powered digital streaming network, with the aim of connecting artists directly to fans. Following its mainnet launch in 2020, the service has reached more than 6 million unique users. The platform also aims to hand control over music distribution and monetization back to the artists, addressing long-standing issues over how they're compensated on other music streaming platforms. Unlike other music streaming services l

NFTs have surged in popularity during 2021. Image: Shutterstock

13 of the Biggest NFT Marketplaces

Non-fungible tokens (NFTs) have been around for a few years now, but 2021 was the year they exploded into the public consciousness. The cryptographically unique tokens represent a title of ownership over digital content such as art, music or videos—but it's the digital art scene that lit a fire under the NFT market, with record-breaking sales such as Beeple's $69 million auction at Christie's grabbing headlines the world over. Since then, enthusiasts have seized on one NFT craze after another, d

Crypto exchanges are platforms for trading cryptocurrency. Image: Shutterstock

The Ultimate Beginner's Guide to Cryptocurrency Exchanges

In the wake of the much-ballyhooed public listing of Coinbase, the crypto exchange has arguably become the closest thing to a household name in cryptocurrency. But many crypto-newcomers have been asking the experts at Decrypt: What are my other options if I'm ready to buy some coin? Who are Coinbase's competitors? We've put together a list of some of the leading crypto exchanges as a starting point. It's by no means comprehensive—there are literally hundreds of crypto exchanges, all serving diff

Binance Review: Can the World's Biggest Exchange Still Cut It in 2021?

What is Binance? Design and UX Getting started Ease of use Fees Is Binance safe? Binance's battle with regulators What is BNB? Binance DEX Binance Card Verdict What is Binance? Launched in August 2017 by founder Changpeng "CZ" Zhao, it only took 180 days for Binance to become the largest cryptocurrency exchange in the world—a position it still holds to this day. With its users completing more than 1.4 million transactions per second, it’s a behemoth in the crypto world, with more than 500 cr

Dapps, or decentralized apps, do away with centralized intermediaries. Image: Shutterstock

The Hottest Decentralized Apps (Dapps): From DeFi to Games

It’s impossible to navigate today’s crypto space without coming across decentralized applications, or dapps. Like regular apps, dapps have a broad range of use cases: there are financial services, decentralized file storage platforms, and even games. Unlike regular apps, decentralized apps—as the name suggests—are built atop the decentralized infrastructure of peer-to-peer networks such as blockchains. That means no one entity or person has control of a dapp. Instead, it’s secured by an infrast

Decentralized exchanges (DEXs) can be used to swap tokens. Image: Shutterstock.

The Top Decentralized Exchanges (DEXs) in 2021

Even if you’re relatively new to crypto, you may have bought or traded Bitcoin, Ethereum and other assets on a cryptocurrency exchange. Exchanges like Binance and Coinbase are some of the most successful businesses in the crypto space; Coinbase, one of the leading exchanges, went public in a direct listing earlier this year. Binance, Coinbase, Gemini, Kraken, and others are called "centralized exchanges," since one company operates them and reaps profit from operating them. The Ultimate Beginner

Coinbase is one of the largest crypto exchanges in the world. Image: Shutterstock

Coinbase Review: Still The Best In 2021 For Bitcoin Beginners?

What is Coinbase? Coinbase is one of the largest and most well-known digital currency exchanges in the world. It’s widely considered to be one of the most accessible too, as it allows users to purchase crypto using fiat currencies. Coinbase has a slick, clean interface. Image: Coinbase Founded in San Francisco in 2012, Coinbase increased its assets under management from $35 billion in 2020 to $90 billion in 2021, and posted a Q1 2021 profit of $730-800 million. The exchange went public via a dir

Brave Browser is available for desktop and mobile. Image: Brave

Brave Browser Review (2021): Earn Tokens While Browsing

What is Brave Browser? Design and UX Getting started with Brave browser How easy is Brave browser to use? Speed test Features, security, and privacy Brave browser wallet How to earn crypto Brave mobile Brave Today IPFS support Unstoppable Domains Verdict Do you remember the dark days of Internet Explorer? We do. In the face of its slow, buggy, and downright unpleasant interface, the arrival of alternative browsers like Firefox and Google Chrome was an absolute godsend. Now there’s a (relati

Jeff John Roberts and Brian Brooks at Ethereal Summit. Image: Decrypt

Painting Binance as Nefarious Would Be 'Anti-Asian': Binance US CEO

Since its founding, Binance has been a corporate globe-trotter, moving its location from Malta to the Cayman Islands, and now, has no headquarters at all according to founder Changpeng Zhao. This has given rise to persistent questions about the legitimacy of Binance—questions that may reflect hypocrisy and an anti-Asian bias in the crypto industry, says newly-appointed Binance US CEO Brian Brooks. "To the Asian bias issue: I find it curious that somehow it's okay for a Silicon Valley-based tech

Snoop Dogg is among the many celebrities who have released NFTs. Image: Shutterstock

Here Are the Biggest Celebrities Who Have Launched NFTs

Internet trends in the 2020s can be scary, confusing things. From viral TikTok mashups to music playlists with titles like “lofi hiphop beats to chill and have an existential crisis to," some say the modern world has become a minefield of Escher-esque curiosities. The latest craze to grip the world comes from the crypto space: non-fungible tokens, or NFTs. NFTs are blockchain-based assets that are provably unique thanks to identifying information recorded in smart contracts, and they've exploded

FTX is a Hong Kong-based crypto derivatives exchange. Image: Shutterstock

FTX Review: A Crypto Derivatives Exchange For Seasoned Traders

If you’ve dabbled in the crypto space as a trader for a while now, then chances are you’ve used a fair few cryptocurrency exchanges. While there are many different options, from centralized offerings such as Coinbase and Binance, to decentralized exchanges (DEXs) like Uniswap and Binance DEX, FTX offers something rather different. What is FTX? Launched in May 2019, FTX is an exchange that was, in its own words, built by traders, for traders. The exchange itself is a cryptocurrency derivatives ex

Kraken exchange was founded by crypto enthusiast Jesse Powell. Image: Shutterstock

Kraken Review (2021): A User-Friendly Crypto Exchange With Staking

Launched in 2013, Kraken has grown to be one of the largest cryptocurrency exchanges in the world, standing alongside the likes of Coinbase and Binance. In this review, we explore its user-friendliness, and its features—including staking and futures trading. What is Kraken? Kraken is one of the largest and most well-known cryptocurrency exchanges in the world. Crypto enthusiast Jesse Powell began work on the exchange in 2011, prompted by a security breach at the Mt. Gox exchange. Deciding to tak

Binance DEX is a decentralized exchange. Image: Shutterstock

Binance DEX Review: A Decentralized Exchange For Experienced Users

Launched in 2019, Binance DEX is a decentralized cryptocurrency exchange launched by, you guessed it, Binance. With over 100 active listed crypto assets available at the time of writing, the platform allows users to make trades on assets that are listed and issued on Binance’s very own blockchain, which is powered by the company’s Binance Coin (BNB). Currently, 29 countries, including the US, are blocked from using Binance DEX due to trading restrictions. What is Binance Coin (BNB) ? Before we d

Binance is one of a number of crypto companies offering a debit card. Image: Binance

Binance Debit Card Review: Is This The Ultimate Crypto Card?

In the last year, crypto debit cards have taken off in a big way, with numerous exchanges launching cards that variously let you pay with crypto, or offer crypto rewards. Now Binance, the world's largest crypto exchange, has joined the fray. But is its new Binance Card the gateway to crypto that it promises to be? We put it through its paces. What is the Binance Card? The Binance Card is, perhaps unsurprisingly, a crypto debit card launched by Binance. Announced last March following the exchange

MetaMask is a browser-based cryptocurrency wallet. Image: MetaMask

MetaMask Wallet Review (2021): A Simple, Feature-Packed Crypto Wallet

What is MetaMask? Design and UX Getting started with MetaMask Is MetaMask safe? MetaMask mobile app DeFi and hardware wallet smarts Verdict In order to hold cryptocurrency, you’ll need a wallet. There are plenty of options available, but one of the most popular is the browser-based Ethereumwallet MetaMask, which also allows users to interact with decentralized apps (dapps). In our review, we’ll explore how to set up a MetaMask wallet, as well as running through its standout features. Is Meta

Bitcoins are generally stored in a cryptocurrency wallet (Image: Shutterstock)

The Best Bitcoin Wallets: Hardware, Software and Mobile

What is a Bitcoin wallet? What types of wallet are there? Hardware wallets Software wallets Mobile wallets If you're reading these words, congratulations—you are, or about to be, the holder of some Bitcoin. To do so, however, you’ll need a Bitcoin wallet to store it in—which is why you’re probably here. Working out which Bitcoin wallet is right for you can be a daunting undertaking; there are a lot of options out there, each with their own advantages and disadvantages. We've rounded up some

Portraits of a Mind depicts Bitcoin's codebase (Image: Robert Alice)

A Massive Bitcoin Artwork Is Being Auctioned At Christie’s

The walls of Christie’s auction house in New York have been graced by works from some of the greatest artists of all time: Monet, Picasso, Warhol, Pollock; the list goes on. Take a stroll through the galleries from October 1 and you’ll find yourself in the presence of something entirely new: a large, alluring disc that—at first glance—could be an ancient artifact. Portraits of a Mind, Block 21. Image: Robert Alice/Ben Gentilli Its surface is inscribed with hundreds of thousands of digits of hexa

Ethereum is a decentralized blockchain with smart contract functionality (Image: Shutterstock)

Happy 5th Birthday Ethereum: this is your life

In 2009, game developer Blizzard released an update for the massively-multiplayer online role-playing game World of Warcraft. Among the patch notes was a statement informing players that the spell ‘Siphon Life’ would no longer cause damage. The link between this seemingly innocuous event and the birth of one of the decade’s most important tech breakthroughs? A man called Vitalik Buterin—the founder of Ethereum. “I happily played World of Warcraft during 2007-2010, but one day Blizzard removed t

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Stories by Esat Dedezade