21st LeoFinance 🐯 curation digest
@HODLCommunity presents to you the 21st LeoFinance Curation Post
We feel very excited as we think we will address one of the most important issues on the leofinance.io platform: Curation.
We truly hope, big stakeholders will support this initiative in order to spread rewards to some amazing writers.
Our goal is to support content creators and generate qualitative interactions between LeoFinance users.
We will set a 5% beneficiary for every author selected in this curation report.
So Lions 🐯, let's roll !
Today I am going to explore Chainlink, a blockchain service that allows a Decentralized Application (DApp) to get real world data from a decentralized oracle service, instead of needing to rely on a centralized solution in order to get access to that data.
Comment; I don’t think I’ve ever seen a a more detailed but succinct break down of Chainlink like this. Thanks for sharing this information. I like when I find out out novel creations and while I admit that I may have been late to realize what chainlink is, I have just added it to my watchlist. There was a rumor about it not having an actual product, any thoughts on that?
We are quickly moving away from the era of 9-5 grinding and the pace picks up as each new day dawns. The Covid lockdown of last year forced many people to work from home and in a way opened up a new channel for companies to leverage on the technology already available to us.
Comment; Sad how I’m guilty of all these, I don’t do 9-5, thanks to my crypto obligations, I work round the clock, as long as I’m awake with every free time I have that doesn’t involve manual tasks. What’s the result? Long sitting or laying down hours as I work from my phone so I can be in bed a whole lot in 24hours. Most times I’m conscious of this, so I try to do some walking or running because I’m aware of what’s at stake. But no matter how hard I try, I’m not sure it’s enough, if I’ll have to fix anything, getting an ergonomic chair will be first, but I don’t use a desktop so I’m not sure how that’ll work, except I’ll have to start using one. Im also seriously lagging in social skills, I could stay 3weeks in the house without stepping out, except to take walks alone, I went out last weekend only to realize that I’m not how I used to be socially and it’s scary. I’m not sure how I can make this better. It’s so complicated.
In this section of the THORChain Coin Guide, let's investigate what Decentralized Finance on THORChain is and how it's platform works.
WHAT IS DEFI ON THORCHAIN?
THORChain is a Decentralized Exchange. It operates with the same basic elements as all other DEX's with the exception that THORChain is pushing the boundries of existing DeFi operations. How? By providing investment vehicles which allow liquidity transfers and pooling to occur cross-chain in native tokens.
Comment; Thanks for the guide, another thing that’s worth mentioning is that Thorchain is the only protocol offering the kind of service it does, and what it is trying to accomplish is very important to the entire crypto space.
Do you know what a stable currency is? Come on, I'll tell you! part two by Karupanociten by @karupanociten
In my previous article we talked about stable coins, what they are, their importance, and what they are for within the blockchain platform, if you missed it click here so you can understand what we are talking about. In a summary, we could tell you that stable coins allow us to have crypto assets that allow us to have value reserves without the risks of cryptocurrency market volatility.
Comment; Interesting explanation, I think the idea behind stable coin is an illusion, because no currency is totally stable, not even gold. But technically, yeah they make sense. I think I like stables that are pegged to other cryptos algorithmically, like how HBD is pegged to 1$ worth of Hive, and the mechanics behind DAI, it the idea of stable coin less boring, plus the more decentralized the better.
I've been following the privacy protocol HOPR since it launched earlier in the year. Unfortunately, I didn't have the time to set up a node or anything like that in the test phases, so I missed out on the initial distribution and purchase. However, I have been quite interested in privacy protocols as they have started to build upon the transparent blockchains... I really think that this is one of the next important issues that need to be addressed sooner rather than later.
Comment; Interesting to see quite many other privacy options out there, I’ve never heard of HOPR, I’m hardly even looking into privacy stuff at the moment, but this looks super complicated but I hope the rewards make up for the stress involved in setting it up.
This post is created by @mistakili to curate quality content on LeoFinance.
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