Understanding How Blockchain Technology Actually Works in Practice

Understanding How Blockchain Technology Actually Works in Practice

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Have you heard about blockchain technology and how it might be affecting your life? At the moment, almost all industries, especially finance, are investing in and studying how this can be used. This interest has continued to grow over the last few years. This is because it provides a range of benefits, such as security, efficiency, and transparency. Want to know how this actually works? Keep reading to learn more about how blockchain technology is transforming our world. How Does Blockchain Work? Blockchain technology is often described as a “trustless” system. This means that, in theory, you don’t need to trust any third party when using a blockchain-based application.  If someone tries to tamper with the data, everyone else will be able to see it and the attempted fraud will…
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Cross-Chain DEX Aggregators: What is that?

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First-generation decentralized exchanges (DEXs) offered an alternative to centralized exchanges (CEXs) by permitting token swaps with zero transaction costs. However, order books were still necessary and liquidity issues continued. The automated market maker (AMM) concept resolved this issue by using liquidity pools instead of order books. AMMs provide an incentive for liquidity providers to provide token pools and collect fees produced by traders who execute swaps. However, the market remains fragmented, with various DEXs lacking liquidity relative to their CEX equivalents. As a consequence, DEX aggregators have formed in order to consolidate this dispersed liquidity into a single platform. Unfortunately, multichain accessibility is restricted due to the fact that DEX aggregators are largely ERC20-based and can only link to Ethereum liquidity pools. They also struggle to compete with centralized alternatives…
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