The power of decentralized finance through the prism of a crypto tracker

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The financial sector is booming with the emergence of new technologies. Not only in the areas of financial technology (FinTech) which focuses on transactions and payment technology, but also in all asset classes. We are seeing an increase in the creation of new cryptocurrencies as well as new types of IPOs through the use of a Special Purpose Acquisition Company (SPAC). To be able to invest and track all of these technologies, a tracker like Delta can help. In this article, we’ll dive into the functionality of a tracker.

De-fi navigation through a crypto tracker

A good way to keep track of your holdings is to use a crypto tracker. This is an app that allows you to combine all your holdings into one overview. While this may seem like an obvious thing and not too complex, there are many variables to consider.

Cryptocurrency consensus mechanisms

Blockchain technology began to emerge with the advent of a Proof of Work consensus mechanism. It revolved around solving a very complex crypto problem to validate transactions. The first user who validates transactions is allowed to add them to the blockchain and receive coins in return. Hereby, users are encouraged to adhere to the interest of the network. Soon, other types of mechanisms were developed, such as the proof of stake used by Ethereum, among others.

The return on your assets

When it comes to staking, you just keep your assets in your wallet. Based on the holdings, you have a probability of validating transactions. In return, similar to proof of work, you also receive coins. Therefore, it is important to keep your holdings in your portfolio and to continue to receive a return. This can be achieved by a crypto tracker, which simply collects all publicly available information through the use of the public key.

Market news

In a market that operates at full speed 24/7, it’s important to be up to date. A tracker provides real-time updates on crypto and stock prices as well as market news. You can set up notifications based on holdings, assets that interest you, and price fluctuations that affect you. Do you invest in large index funds or are you interested in the market as a whole? It is also possible to receive notifications for these types of situations.

How am I doing as a trader?

Many people have entered the crypto space as a trader. One of the important questions to ask yourself is: am I doing well with my trades? This can be analyzed in the tracker and you see comments on how it went. Hereby you can improve your skills as a trader and increase your earnings.

Delta is a good example of the integration of financial worlds

Delta is an application that provides the functionality described in this article. In addition to retrieving information from portfolios, you can integrate broker accounts through the API. This allows you to have a real-time combined view of stocks and cryptos. Integration with brokers is safe and secure because an API is defined by the broker and can only send a specific set of information based on predefined parameters.

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