Author: Eniola Ogunmola

Centralised finance is a financial service that allows an individual to earn interest and apply for loans on their cryptocurrency. This means financial activities are done on the digital currency through centralised exchange platforms.  It is important to state that these Cefi platforms are well structured and as well, ensure the availability of customer support avenues for an effective user-centric experience. The same way the bank handles our Fiat money is the same way CeFis manages our digital wallets, although, CeFis have lower charge rates compared to the traditional banks.  However, being introduced before defi, there are a number of…

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A blockchain system without centralised operation. Defi also known as decentralised finance refers to financial technology that manages monetary exchanges through the use of digital currency. Built on the blockchain system, defi replaces centralised financial institutions otherwise known as middlemen with decentralised peer-to-peer transactions that operate on smart contracts. Smart contract is simply a mutual agreement written as strings of code between the two individuals doing transaction. It is a computer-based program with protocols or transparent codes for both parties to understand before completing a transaction. DEFI KEY FACTORS Ultimate control is moved from traditional financial institutions like banks to…

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Despite explaining what the Metaverse is in our previous post, it is important to note the obvious fact that it is an online 3-Dimensional universe that is coming sooner than we think and will be dependent on the physical world. Life in itself will be seen the same way in the digital space as in the real world and the abilities of humans, eating, sleeping, working, talking, etc will undoubtedly be reflected.  An illustrative instance of the metaverse  Cited from Brian Jung’s TEDxRockville speech Imagine having a version of yourself where you are in this limitless world, you can showcase…

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METAVERSE/WEB3 -THE FUTURE OF THE INTERNET. The chronicle of the internet arguably started in the 1980s, the immobile computers then could only interact with each other and users were limited to the static pages on web searches. Functions of the internet gradually improved, hence, the attention given to the internet prompted individuals to startup businesses that required them to design mobile devices or software applications that were purposefully internet expedient. As expected, these devices became ubiquitous and their usage vast, supporting the steady upgrade of the internet. All of these did not stop technology disruption from happening. This was as…

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Some dynamicity is about to be released to the world as Jelurida Africa develops a seamless African based NFT marketplace, a platform with cheaper service where African digital arts could be stored, sold or bought. To say why this product is significant is to mention what Africa is known for; there is no Africa without her timeless stories, beautiful diversity and distinctiveness, all of these make up our cultural heritage which becomes our pride. Accordingly, it is a prominent attitude amongst Africans to guard and preserve what is ours but can we truly preserve them without losing some? This is…

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Ardor is a decentralised blockchain platform which serves as blockchain-as-a-service medium with unique parent-child architecture. One out of the many significant problems Ardor solved, is the ability to customise your blockchain without making the chain incompatible.  This platform, created by Jelurida was designed as a complete ecosystem where multiple individuals can connect without going outside it Consecutively, these are the three things you should know about Ardor: It is a multi-chain blockchain platform This feature was designed from the beginning to eclipse current blockchain technology problems. Therefore with its unique parent-child architecture, one parent chain can create multiple child chains…

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