What are the benefits of DeFi?

DeFi offers lots of advantages to businesses and end users which the key benefits include: 1. Accessibility: Users, regardless of their social status, can conduct financial operations without third-party institutions while DeFi applications ensure their transaction security and transparency because of decentralization. The decentralized approach provides easy access to financial services for everyone. Moreover, DeFi […]

What are smart contracts on Ethereum?

Smart contracts are tools that enable the users to conduct transactions without third parties. As discussed earlier, they are an alternative to EOAs and generally they are applied on Ethereum blockchain. Nevertheless, in Walliro users are able to apply smart contracts not only on Ethereum but also on other blockchains. A smart contract is a […]

What is a blockchain?

Blockchain is a ledger that stores the data of any type. In other words, it is a creative database technology which is the base of almost all cryptocurrencies. Since it’s a system of recording information, it is difficult or even impossible to change, hack or cheat the system. A blockchain is a digital ledger of […]

What Is Web3?

Web 3.0 is a term that was first coined and introduced by Gavin Wood, one of the co-founders of Ethereum. The concept of web 3 is based on cryptocurrency and blockchains which are specifically decentralized. In order to understand the meaning of web 3, we must first take a look at web 1 and web […]

What are stablecoins?

The prices of cryptocurrencies are extremely volatile. It is common for cryptocurrencies to have more than 10% fluctuation in a day. To decrease this volatility, stablecoins which are connected to other stable assets such as the USD were created. Tether (USDT) was one of the first centralized stablecoins to be introduced. Every USDT is supposedly […]