Cryptocurrency is just one aspect of the Crypto Market. Although Bitcoin and other currencies made Crypto a concept popular, there is more depth to it. The main technology which enables cryptocurrencies to function is Blockchain. The usage of distributed ledger to record the transactions enables transparency in the system. The most prominent example was the establishment of Defi's, it gave a new meaning to our conventional understanding of finances. Blockchain made the creation of Non-Fungible Tokens(NFTs) possible. A whole new marketplace flourished because of NFTs, making millennials millionaires. At TheMorningCrypto, we try to understand this revolutionary technology that will allow Web2.0 to transition to Web3.0.
An automated market maker (AMM) is a sort of decentralized exchange (DEX) technology that prices assets using a mathematical formula. We will look at market makers, AMMs working, and the role of liquidity providers in AMMs in this guide.
Crypto firms must deploy blockchain tracking tools, which are utilized for operations such as crypto laundering probes, to prevent the exposure of criminal transactions to their company.