With 11 new blockchains in the BigQuery public datasets program, the Web3 community gets a more comprehensive view of the crypto landscape.
Decentralized Finance (DeFi) is a financial service based on ledgers, just like the ones used by cryptocurrencies. In the U.S., DeFi technology challenges the current centralized finance system by empowering individuals to manage their own financial exchanges via a crypto wallet. Because decentralized finance eliminates fees from banks or other financial institutions, anyone with an internet connection can use DeFi.
Ethereum has experienced dazzling growth in recent years. The programmable blockchain now has approximately 220 million unique addresses. Linked to the increase in users is an explosion in the number of dApps. Global companies and startups across finance, sales, HR, accounting, supply chain and manufacturing are using dApps to streamline processes and onboard new customers. Multiple frameworks exist that simplify the dApp development process for web2 developers who want to participate in web3.
Developers are always looking for new ways to make their applications more secure and efficient. Blockchain APIs are one way to do this. A blockchain API is an application programming interface that allows developers to interact with a blockchain. By using a blockchain API, developers can access the data and functionality of a blockchain without having to build their own blockchain platform. This can save time and resources, as well as provide a more secure environment for development.
Online payments are now officially the preferred mode of transaction for a lot of eCommerce and brick-and-mortar stores. In 2020, the transaction value for digital payments globally, crossed $5.2 trillion. Sure, a lot of that can be attributed to the fact that consumers shifted to online purchases due to the pandemic, however, the growth over the years is undeniable.
