Tag: cryptocurrency publication

A preventive counteraction against malicious attacks and software errorsHow in the world of decentralized digitization everything function accordingly within an ecosystem without an authority? What if a node intended to misbehave or just fell asleep and failed to act on an important message?Of Nodes, Peers, and ConsensusThe invention of the blockchain allowed for the trustless and permissionless functioning of subsequent digital creations such as cryptocurrencies, defi’s, and fintechs. To participate, a computer called a node or peer must follow the rules of the blockchain in a network, called a protocol. All other nodes rely on the protocol to make the general intent happen so that the goal is achieved. The decentralized system of the blockchain makes every node equal to ...

Rigel Finance seeks to enhance the way you trade via its unique yield farming AMM protocols. This Automated Market-Making (AMM) combines a Decentralized Exchange (DEX) with some of the world’s top DeFi features. Specifically, you can farm, stake, and trade with ease using this platform.What is an AMM?The first thing to understand is that Rigel Finance is an AMM. AMMs differ from traditional exchanges in a couple of important ways. When you trade using a conventional crypto exchange, you’re exchanging your tokens with another trader directly. In the case of centralized broker exchanges, you’re purchasing your crypto from the platform itself.When you trade on an AMM, you are actually interacting with a smart contract that acts as a liquidity pool. This smart contract then “...