Coin Labs subscriber Profile
Editor In Chief @Coin-Labs. Provides crypto information that anyone can understand most easily and quickly.
What is Uniswap? Initially launched in November 2018, UniSwap is a Decentralized Exchange (DEX) started on the Ethereum Blockchain. Since it’s launch, the platform has gained over 4.5 million unique users around the world and is considered one of the most prominent DEX to trade altcoins. Since the launch of…
What is Polygon Coin? Polygon Coin is a scaling solution that works in conjunction with the Ethereum blockchain. A “layer two” or a “sidechain” is a different name for Polygon because, with this feature available, transactions can be done quickly and at a lower cost. MATIC is the name of…
What is Dogecoin? Dogecoin (DOGE) is a peer-to-peer, open-source cryptocurrency. It was introduced in December 2013 and is considered an altcoin. Its logo is a Shiba Inu dog. The advantage of the Dogecoin blockchain lies in the fact that it uses the core technology of Litecoin. It is notable for…
What is Altcoin? Altcoins can be described as any cryptocurrency that is not Bitcoin (BTC). That said, since many cryptocurrencies have been forked from Ethereum, some people include Ethereum alongside Bitcoin. In that case, altcoins are all cryptocurrencies besides Ethereum and Bitcoin. Consequently, many altcoins utilize different consensus mechanisms for…
What is Litecoin? After the success of Bitcoin, Litecoin was launched as a successful fork of Bitcoin and does have pretty much similar use cases. Not many people know that Litecoin also uses the same underlying blockchain and verification method as Bitcoin itself. But they do have some differences such…
The emergence of stablecoins and Pax Dollar indicates the revolution and modernization of blockchain technology. Stablecoins comparatively allow cheaper international transactions than fiat currencies since it is a fundamental ingredient of cryptocurrency proliferation in the market. Low price volatility is critical for long-term and sustainable growth. In the crypto market,…
What is Litentry Coin (LIT)? Built on Substrate, Literntry is a cross-chain decentralized Identity verification aggregator that enables users to link their identities across multiple blockchain networks to protect their identity and data from manipulation. Not only the platform includes identity verification based network but also features multiple tools such…
What is Wrapped Bitcoin? Wrapped Bitcoin (WBTC) is a cryptocurrency token that allows the holders of Bitcoin to perform transactions on an Ethereum-based blockchain network. It reflects the value of Bitcoin (BTC) and can interoperate with decentralized applications built on the Ethereum network. Wrapped Bitcoin was launched in 2019, and…
What is Internet Computer crypto? Internet Computer, ICP in short, is a decentralized cryptocurrency that claims to be the first ‘World Computer’ blockchain that can be used to create not only dApps but almost any type of web-based service including social media networks, forums and DeFi Apps without requiring cloud…
What is Sushiswap? Sushiswap is a defi protocol that came up to improve the defects of Uniswap. In DEX, the liquidity provider bears much weight. For glitchless trading in various cryptocurrencies, a plethora of deposited cryptocurrencies must be present in DEX. On Decentralized Exchanges, liquidity provider refers to a user…
