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Korra helps you find the best digital assets based on your personal financial goals.
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Invest your crypto assets into the highest yield investment vehicles and earn passive income.
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Questions, answered
Blockchain is a digital ledger technology that records transactions across many computers in a way that ensures security and transparency. Each transaction is grouped into a "block," and these blocks are linked together in a "chain." Once a block is added, it cannot be changed, making the system highly secure. Blockchain is decentralized, meaning no single entity controls it, which adds to its reliability and trustworthiness.
DeFi stands for Decentralized Finance. It's like traditional finance, but instead of banks and intermediaries, it's powered by smart contracts and blockchain technology, making it more transparent and accessible to everyone.
In traditional finance, banks and financial institutions control the money and make decisions for you. DeFi, on the other hand, is decentralized, meaning there are no middlemen. You have full control over your assets, and transactions are executed automatically by smart contracts.
Digital assets are any assets that exist in a digital form and are created, traded, and stored in digital systems. Cryptocurrencies are a specific type of digital asset that use cryptography to secure transactions and control the creation of new units.While digital assets can include things like digital art, music, and in-game items, cryptocurrencies are specifically designed to function as a medium of exchange, like digital money. Bitcoin and Ethereum are examples of cryptocurrencies. Cryptocurrencies operate on blockchain technology, ensuring secure, transparent, and decentralized transactions, whereas other digital assets may or may not use blockchain.
Smart contracts are self-executing contracts with the terms of the agreement written into code. Once the conditions of the contract are met, the code automatically executes the terms without the need for intermediaries.
You can earn passive income in DeFi by participating in liquidity pools, staking, yield farming, and lending/borrowing protocols. These activities involve providing liquidity or locking up your assets in exchange for rewards or interest payments.
Blockchain is valuable because it provides a secure, transparent, and decentralized way to record transactions. This means no single entity controls the data, reducing the risk of fraud and tampering. Transactions are verified by a network of computers, making them trustworthy and reliable. Compared to traditional finance, blockchain offers faster transaction times, lower fees, and greater accessibility, especially for those without access to conventional banking services. Users can extract additional value by participating in decentralized finance (DeFi) opportunities, such as earning interest on their assets, trading without intermediaries, and investing in innovative projects directly.
An AI assistant in the context of Korra is a smart digital helper designed to guide you through the world of decentralized finance (DeFi). It finds the best investment opportunities, helps you understand complex financial concepts in simple terms, optimizes your portfolio, and assists with on-chain transactions, all to help you make more money with ease and confidence.
Yes, blockchain is very safe because it uses advanced cryptography to secure transactions and relies on a network of computers to verify and record each transaction, making it extremely difficult to alter or hack.
A blockchain network is a secure digital ledger shared across many computers that records transactions in a way that everyone on the network can see and verify, making it almost impossible to alter. For example, Bitcoin and Ethereum are popular blockchain networks; Bitcoin is mainly used for digital currency transactions, while Ethereum also allows for smart contracts, which are programs that run on the blockchain. Other examples include Binance Smart Chain and Solana, which offer fast and low-cost transactions.
Holding KRA (KORRA) tokens grants you voting rights in governance decisions, eligibility for staking rewards, discount on fees, access to exclusive features, and potentially higher yields on the platform.
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