Altcoins News
By James Thorp
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Polygon - Ethereum's Internet of blockchains, aims to transform Ethereum into a multi-chain ecosystem with secured Layer 2 chains and standalone chains.
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Reportedly, Polygon’s is gaining increased adoption. Polygon is a powerful, easy-to-use framework which extends the scope of the Matic platform and transforms it into a…
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The Matic token will be the only native token of the whole network. MATIC will be important when it comes to playing an increasingly important role primarily in securing the…
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Important to note that Matic Network expanded the tech scope and mission and by becoming Polygon — Ethereum’s Internet of Blockchains.
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Also, all the existing Matic solutions and implementations, primarily Matic PoS Chain and Matic Plasma Chains, REMAIN FULLY FUNCTIONAL and will continue to be developed and grown…
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Chumhum is a DeFi protocol on the MATIC Chain that supports not only lending and borrowing of digital assets, but also the generation of synthetic assets.
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The main aim of Chumhum is to facilitate a better financial eco-system than what the contemporary centralized and decentralized platforms provide for.
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The limitations of the already existing protocols: The major issue with already existing Finance Protocols based on the traditional finance system is that users go through…
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After the KYC users have to wait for days or even a month to get the confirmation. Further, the centralized lender might dismiss the loan on an arbitrary basis.
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The DeFi has revolutionized the crypto space by introducing blockchain based products and services which are transparent, cryptographically secure, and not controlled by…
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Away from traditional models DeFi also pose some problem. Most of the DeFi platforms are based on Ethereum which has scalability issues.
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Also, these DeFi protocols do not have the high market cap which might attract more users or eventually put them on top of the chain.
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Chumhum’s Solution are looking to address these problems by facilitating an environment where the traditional approach is woven into a synthetic stablecoin generation process.
The Currency Analytics
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