You may have seen Wrapped Bitcoin or Wrapped Ethereum (wBTC or wETH) pop up when using rhino.fi, and be wondering what these assets are all about. Essentially, wrapped tokens are copies of the original asset, created for other blockchains. In other words, they allow assets to be traded on chains other than the one they’re […]
RhinoLearn: What are Wrapped Tokens? Read More »
A bridge in the digital world functions exactly the same as a bridge in the physical world: it allows you to cross between territories that would otherwise be cut off from one another. In the physical world, bridges are used to connect two pieces of land. In the digital world, they’re used to connect blockchains.
What Are Bridges in Crypto? Crypto Bridges Explained Read More »
Today DeversiFi becomes rhino.fi: the first multi-chain platform to bring you all the best DeFi opportunities in one place. We’ve already pioneered the development of instant, gas-free trading on Ethereum layer 2. Now, as rhino.fi (pronounced rhi-no-fy), we want to unlock the full potential of multi-chain and allow the next million users to enjoy everything
Introducing rhino.fi: A Frictionless Gateway to Multi-chain DeFi Read More »
The term ‘DEX’ stands for decentralised exchange and it’s an acronym you’ll hear loads in the DeFi world. Several of the most popular platforms and ecosystems in the DeFi space are DEXs. rhino.fi is a DEX, for example, as are UniSwap and CowSwap. This is in contrast to platforms such as Binance and Coinbase, which
What is a DEX? Decentralised Exchanges Explained Read More »
A rollup is a platform that is designed to solve Ethereum’s scalability problem. The platform takes transactions off the main Ethereum blockchain, which is extremely congested, and processes them independently. Because the transactions occur off the main network, users do not face the lengthy delays and soaring gas fees. Rollups take their name because unlike
What Are Rollups? | ZK vs Optimism Rollups Explained Read More »
An application programming interface, otherwise known as an API, sounds really complicated. But actually, it’s very simple: it’s a software product that allows two programmes or applications to talk to one another. This is the basis of API trading, which is a popular option for advanced traders on rhino.fi, particularly those with software programming experience.
What Is API Trading? Read More »
Blockchains underpin many of the world’s most popular cryptocurrencies, and in fact they provide a basis for the entire crypto universe. These chains are built on fair, transparent and democratic technology, and crucially they don’t need a central person or authority to oversee them. This means they have all kinds of use cases that stretch
What is a Blockchain? Blockchain Technology Explained Read More »
Decentralised finance, or DeFi, is a reboot of the traditional financial system which removes the need for central intermediaries such as banks, exchanges and pension funds. No-one owns it and anyone can access it. This new system harnesses the potential of decentralised blockchains such as Ethereum, which can execute transactions without requiring a human to
What is DeFi? Decentralised Finance Explained Read More »
Smart contracts are a big part of what makes Ethereum tick. In its core structure, Ethereum is similar to Bitcoin and many other blockchains. However, Ethereum is programmable, which means you can add smart contracts on top of its existing structure. These smart contracts are self-executing programmes that are trained to perform specific
What Are Smart Contracts and How Do They Work? Read More »
Gas fees are an all-too-common topic within the crypto ecosystem. You may have seen people complaining about how high the fees are for transactions on the Ethereum blockchain, or may have even experienced the problem for yourself. But what is ‘gas’ and what are these so-called ‘gas fees’? In this edition of RhinoLearn, we’re going
What are Ethereum Gas Fees? Ethereum Gas Explained Read More »
