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Showing posts from June, 2024
Decentralized finance enabled on Bitcoin. A blockchain dedicated to fast, intelligent and transparent financial services, accessible by everyone.

Project Spotlight: Javsphere – What's New and What's Next

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Meet Javsphere – a revolutionary platform combining real-world assets (RWAs) with the lucrative opportunities of automated DeFi yields.  With a user-friendly interface, Javsphere is breaking down barriers and making DeFi accessible to everyone. By tokenizing real-world assets like real estate, art, and commodities, Javsphere opens the door for new investment avenues that were previously out of reach for most investors. This blog post explores the latest advancements by the Javsphere team, highlighting how these innovations are transforming the DeFi landscape. Exploring Javsphere's Product Suite Javsphere offers a diverse range of products catering to varying risk appetites and investment goals across DeFiChain's ecosystem.  Their suite currently features three core products: TradeX - Javsphere’s main DEX, where users can trade crypto, RWAs (real-world assets), and various other asset classes. StakeX - A premier staking solution to earn rewards on assets like DUSD and JAV throu...

Building Your First dApp on DeFiChain's MetaChain Layer: A Beginner's Guide

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Creating a decentralized application (dApp) can seem a daunting task to those new to the blockchain space.  However, it is surprisingly easier than many think. With the right guidance, anyone can start building their own projects on the blockchain.  This guide will walk you through the process of developing an escrow application on DeFiChain's MetaChain (EVM) layer.  We'll cover each step in detail, from setting up your development environment to deploying your dApp. What is an Escrow Service in Blockchain? An escrow service acts as a trusted third party that holds funds during a transaction between two parties, ensuring that both parties fulfill their obligations before releasing the funds.  This is particularly useful for freelance work, where a client might pay for services rendered. It ensures that the service provider gets paid only after the work is verified. Step 1: Setting Up Your Development Environment To get started, we need to set up our development envir...

NVIDIA Stock Split and Its Implications for DeFiChain

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NVIDIA Corporation recently announced a major change for its shareholders — a 10-for-1 stock split set to occur on June 8, 2024.  This event will have notable repercussions for traditional market investors as well as those engaged with decentralized finance (DeFi) platforms, particularly DeFiChain, where dNVDA tokens can be traded and invested into various products. What Traditional Investors Need to Know For traditional investors, the stock split means that for every share of NVIDIA (NVDA) owned, they will receive ten shares post-split. This split is scheduled to take place at the close of the market on June 8, 2024, at 4:00 AM GMT+8. Trading will resume at the new split-adjusted price when the market opens on June 10, 2024, at 10:30 PM GMT+8. This adjustment aims to make NVIDIA shares more accessible to a broader range of investors by lowering the per-share price without affecting the company's overall market capitalization. Impact on DeFiChain and dNVDA DeFiChain users who hold ...

DeFiChain Labs Tech Sync – May 2024

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This week, the DeFiChain Labs team held their monthly Tech Sync, providing updates on the current projects and initiatives the team is tackling. Here’s a summary of the updates: Technical Updates 1. New Algorithm for Owner Rewards Calculation One of the most significant updates is the development of a new algorithm designed to calculate owner rewards more efficiently. This enhancement addresses a notable hotspot during block processing, particularly within the Kol component.  Although the development was initially delayed to avoid conflicts with other major updates, it is now complete and has been thoroughly tested. The new calculations will introduce minor differences to improve precision and are not expected to cause concern among users.  Performance metrics are still being collected, but the team anticipates a notable improvement. They plan to gather more data over the coming weeks and proceed with merging the new algorithm into the system. 2. Ocean API in Node Another impo...