At the end of 2017 and the height of the crypto hype bubble, investors seeking ‘the next Bitcoin’ bought up altcoins en masse after learning that many alts, such as Etheruem, Ripple, and Litecoin, had spiked over 1000% and outperformed even Bitcoin.
If you were following crypto news around the height of the 2017 bull run, you almost certainly remember CryptoKitties.
My bull run cash out plan includes cashing out in increments into the stablecoin Dai, on the way up to the new ATHs, and putting that Dai in ethereum defi tools, so it can earn interest.
But how exactly am I going to do this? Today, I would like to show you how to use the tools I plan to use, including kyber swaps with myetherwallet, setting up a compound finance smart contract to earn interest on that dai, plus show off some of the tools that Ethereum Defi is going to create, including Pooled Dai contracts. This is the ultimate DeFi episode, you won’t want to miss!
A simple explanation of smart contracts: what they are, how they work, and how they might affect us all
Since the project launched a little over six months ago, Wrapped Bitcoin (WBTC) has roughly $5.9 million or 558 BTC locked into the system. At the rate WBTC’s token contract is climbing, the project is close to surpassing the Lightning Network’s capacity in the near future.
What does Bitcoin, China, Russia, Iran & Venezuela all have in common? They are US enemies of the state & using blockchain technology to circumvent the power of the US dollar and global financial system. Iran just announced their gold backed national currency, Russia is investing heavily into blockchain infrastructure, China plans to launch a national bank crypto, and Venezuela has the Petro. The US dollar’s supremacy is being challenged from all sides, but Bitcoin is the only one designed to actually beat it.
Realizing the potential of smart contracts and tokenization, competitors are flocking, congesting the space.
At the SXSW conference, Ethereum co-founder Joseph Lubin compared blockchain with e-mail and predicted a tenfold growth of the global economy, thanks to this technology.
In Samsung’s latest move into crypto, the electronics juggernaut made the beta version of its blockchain SDK for the Ethereum blockchain available to partner developers. The kit provides additional tools for dApp and blockchain mobile development on the latest Galaxy smartphones.
In a press release issued on June 13, 2019, crypto payments firm CLIC Technology Inc. announced a partnership with B2B blockchain infrastructure company Opporty to jointly develop an in-browser extension that would enable customers to make purchases from Amazon with the ether (ETH) cryptocurrency.