Polkadot should solve the problem of the blockchain trilemma (at least initially). It should have strong security, scalability, and decentralization. Additionally it is trying to connect blockchains, so for example there will be bridges to Ethereum blockchain, where people that use ethereum can tap into the polkadot ecosystem and vice versa. Also polkadot has provided a framework to easily create blockchains on their network easily (at least relativity) using the substrate programming language. The demos of their DeFi sites have been insanely good. Probably more reasons that I can’t think of.
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vasoline73 United States. Apr 11 2021 00:07. Posts 808
I've heard of some of the defi coins... sushiswap... uniswap... err.. pancakeswap? Or are those just the marketplaces?
Is holding ETH enough to gain exposure or if it's better to hold the asset itself (ie, buy SUSHI for sushiswap etc?) Either way I have to do some research. GL everyone.
On April 10 2021 23:07 vasoline73 wrote:
I've heard of some of the defi coins... sushiswap... uniswap... err.. pancakeswap? Or are those just the marketplaces?
Is holding ETH enough to gain exposure or if it's better to hold the asset itself (ie, buy SUSHI for sushiswap etc?) Either way I have to do some research. GL everyone.
IMO both. Holding the network token is the safest play, but look for places to put a part of your holdings In slightly riskier spots, that give better interest rates. At least that’s how I do it.
Sushiswap, Uniswap, pancakeswap are called Automated Market Maker Decentralized Exchanges (AMM DEX) which are typically what I love. You can provide liquidity to get a fraction of the transaction fees of the AMM DEX.
I will say, I prefer Binance Smart Chain because the transaction fees are managable, whereas transaction fees are currently ridiculous on Ethereum.
To add to Polkadot hype. It's created by the co founder of eth. He was the guy who did most of the coding for it. Then decided that he can improve on it by making a better blockchain.
hola
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hiems United States. Apr 11 2021 20:13. Posts 2979
On April 10 2021 11:03 Luhos wrote:
Even US customers can access Binance Smart Chain. Download TrustWallet, buy BNB. There’s a work around needed to get the dAPP browser to function, but you can Google that easily, then you can access Dapps like Pancakeswap.
Right now I yield farm on BSC, but am excited for Kusama and Polkadot to launch their DeFi platforms, I believe they will be huge.
I agree DeFi is world changing, I see it happening infront of my eyes but it’s crazy how no one knows about this yet. I found out about everything maybe 2-3 months ago, been telling all my friends and not a single person I know has heard of it all. These DeFi sites have billions of dollars of crypto locked.
haha thanks for this post.
I didn't realize BNB and Binance Smart Chain were two different things.
I beat Loco!!! [img]https://i.imgur.com/wkwWj2d.png[/img]
On April 10 2021 11:03 Luhos wrote:
Even US customers can access Binance Smart Chain. Download TrustWallet, buy BNB. There’s a work around needed to get the dAPP browser to function, but you can Google that easily, then you can access Dapps like Pancakeswap.
Right now I yield farm on BSC, but am excited for Kusama and Polkadot to launch their DeFi platforms, I believe they will be huge.
I agree DeFi is world changing, I see it happening infront of my eyes but it’s crazy how no one knows about this yet. I found out about everything maybe 2-3 months ago, been telling all my friends and not a single person I know has heard of it all. These DeFi sites have billions of dollars of crypto locked.
haha thanks for this post.
I didn't realize BNB and Binance Smart Chain were two different things.
BSC is the blockchain, BNB is the network token. Similar to Ethereum being the blockchain ETH being the network token.
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hiems United States. Apr 11 2021 23:09. Posts 2979
bros i downloaded metamask but it default language to EN ESPANOL cause my google search history has alot of stuff like that cause I practice learning spanish for fun sometimes.
its driving me crazy.
I beat Loco!!! [img]https://i.imgur.com/wkwWj2d.png[/img]
On April 11 2021 22:09 hiems wrote:
bros i downloaded metamask but it default language to EN ESPANOL cause my google search history has alot of stuff like that cause I practice learning spanish for fun sometimes.
its driving me crazy.
Only if there was a global searching network available for everyone with internet access to solve such an issue
On April 10 2021 23:07 vasoline73 wrote:
I've heard of some of the defi coins... sushiswap... uniswap... err.. pancakeswap? Or are those just the marketplaces?
Is holding ETH enough to gain exposure or if it's better to hold the asset itself (ie, buy SUSHI for sushiswap etc?) Either way I have to do some research. GL everyone.
IMO both. Holding the network token is the safest play, but look for places to put a part of your holdings In slightly riskier spots, that give better interest rates. At least that’s how I do it.
Sushiswap, Uniswap, pancakeswap are called Automated Market Maker Decentralized Exchanges (AMM DEX) which are typically what I love. You can provide liquidity to get a fraction of the transaction fees of the AMM DEX.
I will say, I prefer Binance Smart Chain because the transaction fees are managable, whereas transaction fees are currently ridiculous on Ethereum.
I appreciate your response thank you. Just got metamask and getting a hang of it. I imagine I will buy some kind of defi coin sooner or later. Cheers.
Get on spookyswap farm now using fantom network fees are low AF 650% apr right now. https://spookyswap.finance/swap
Step 1: buy fantom on binance Step:2 make fantom wallet https://fantom.finance/ 3: transfer from binance to fwallet using FTM opera chain 4: set up metamask for opera mainnet 5: transfer from fwallet to metamask = good to go all low fees
