Published in Synchrony·Nov 23, 2022Why DeFi is the Best Alternative to Centralized Finance.The last several days have been disastrous for crypto markets. Even though the FTX aftermath has left some users unscathed, this recent scandal has damaged the general public’s perception of the cryptocurrency industry. Although all the details have yet to be discovered, it’s obvious that FTX entirely disregarded its obligation to…Defi4 min readDefi4 min read
Published in Synchrony·Nov 17, 2022The Idea of Proof of ReservesThe purpose of a Proof of Reserves (PoR) is to verify that a custodian has the assets it says it does on behalf of its clients. It is an independent audit carried out by a third party. …Proof Of Reserve5 min readProof Of Reserve5 min read
Published in Synchrony·Nov 14, 2022FTX Hacked Amidst TurmoilThe cryptocurrency exchange FTX is observing millions of dollars being transferred from FTX wallets. The exploiter is switching all cryptocurrency assets to DAI and ETH, which cannot be blocked. Additionally, the drainer takes out tokens like StETH Solana, BNB, LINK, AVAX, and MATIC. In just a few hours, irregular transfers…Hacked3 min readHacked3 min read
Published in Synchrony·Oct 21, 2022A beginner’s Guide to EVM-Compatible Blockchains, their Meaning, Importance, and Examples.Ethereum remains the industry standard for blockchain-based finance applications and smart contracts. The network has the most users, developers, and DeFi applications and is enormous, stable, and decentralized. The number of active users, developers, and protocols being built across the ecosystem continues to rise despite a significant increase in Ethereum’s…Evm5 min readEvm5 min read
Published in Synchrony·Oct 15, 2022This week's top cryptocurrency news!Brief Macro In September 2022, consumer price inflation in the US decreased for the third consecutive month to 8.2 percent YoY, the lowest level since February but higher than the 8.1% market forecast. Additionally, the annual rate continued to be far higher than the US Federal Reserve’s target of 2%…Cryptocurrency2 min readCryptocurrency2 min read
Published in Synchrony·Oct 13, 2022Will A.I. improve Decentralized finance?Analytics has changed the business landscape, providing organizations with actionable insights that yield positive results. For this reason, more companies have adopted data analytics and artificial intelligence tools. Most businesses now rely on artificial intelligence for uncovering data, boosting productivity, maximizing finances, and improving project management. …AI4 min readAI4 min read
Published in Synchrony·Oct 4, 2022How to Swap on the Synchrony PlatformStep 1: Go to app.synchrony.fi/#/swap Step 2: Choose your desired walletSwap2 min readSwap2 min readHow to Swap on the Synchrony PlatformStep 1: Go to app.synchrony.fi/#/swapStep 2: Choose your desired wallet----
Published in Synchrony·Sep 13, 2022Weekly Crypto/DeFi/NFTs market update(Sept 5th — 9th)The Merge Soon, the current Ethereum Mainnet will merge with the Beacon Chain proof-of-stake system. This will mark the end of proof-of-work for Ethereum and the full transition to proof-of-stake. This sets the stage for future scaling upgrades, including sharding. The Merge will reduce Ethereum’s energy consumption by ~99.95%. _________________ Top Crypto/DeFI update …Eth4 min readEth4 min read
Published in Synchrony·Sep 6, 2022Weekly Crypto/DeFi/NFT Update from SynchronyThe top news last week: The ETH Merge Let’s start with the bubble of the internet, The merge! This eagerly awaited occasion has arrived. If you need a refresher course on the ETH Merge timeline, it is projected as follows: - First order of event — the Bellatrix Hard Fork…The Merge5 min readThe Merge5 min read
Published in Synchrony·Aug 29, 2022Weekly Crypto/DeFi Update with SynchronyHere are top news from the crypto/DeFi space last week. Sam Trabucco has resigned as co-CEO of Alameda Research. He will continue on as an advisor and Caroline Ellison will continue as sole CEO. In a Twitter thread titled “On Happiness,” Sam Trabucco admitted he has found other things “more…Defi5 min readDefi5 min read
