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Understanding the basics of blockchain technology
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The reduction in transaction costs managed to attract new users on the network and in retrospect, positively impacted the price. Further, earlier this month, Homebase – a protocol for building DAOs, was launched on the Tezos blockchain.
Now, this would allow users and developers to form several other entities using the network’s smart contract feature. Not to forget, asset loan services were also launched recently on the Tezos network via its partnership with DeFi platform EQIFI.
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Tezos is in the process of catching up with Ethereum’s dominance in the DeFi space and has around 135 projects and dApps in development on its network.
What’s more, cryptocurrency firms in Switzerland have been working with Tezos to launch tokenized assets like popular stocks on its blockch...
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Consider the network-value-to-transaction value. This ratio explicitly denotes the relationship between the market cap and transfer volumes. Whenever the NVT is high, it indicates that the network value is outpacing the value being transferred on the network.
Such trends tend to rub-off qui...
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