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A number of most innovative startups, with Estonia-based eCoinomic.net among the first, to revolutionize lending industry by introducing kind of disrupting fintech solution.
ETHLend, a decentralized p2p lending application, announces pre-ICO to develop a lending market open for people globally using blockchain technology.
ETHLend, a blockchain startup that introduced decentralized lending few months ago is about to deliver lending without the need to use a collateral.
Now, people can securely lend Ethereum, which is expected to boom cryptocurrency lending in the next few years.
ETHLend is a fully decentralized financial marketplace built on top of the Ethereum Network allowing lenders and borrowers from all over the world to create peer to peer lending agreements in a secure and transparent way using Blockchain and Smart Contracts. ETHLend.io introduces decentralized lending on Ethereum network by using ERC-20 compatible tokens or Ethereum Name Service (ENS) domains as a collateral. ETHLend solves the problem on reducing the loss of loan capital on default. On healthy loan relationships the loan is paid back. However, the pseudo-anonymous nature of Ethereum blockchain network opens the possibility to avoid repayment of the loan since the lender might not have all the necessary details of the borrower to enforce the debt in the borrower’s jurisdiction. Moreover, enforcement in a decentralized environment, where the parties can be from any part of the world, might not be efficient. ETHLend provides decentralized solutions to avoid loss of capital and to make one true global lending market available.
A flash loan attack is a type of attack where a cyber thief takes out a flash loan from a lending protocol and uses it in conjunction with various types of gimmickry to manipulate the market. In this guide, we will look at some examples of past attacks as well as discuss how to prevent them.
To enlighten our readers on certain underlying crypto technologies, this guide brings a vivid review of a very efficient instrument and a backbone to IoT that records the exchange of machine-to-machine transactions, Iota.
