Compared to the more popular Proof of Work approach for blockchain verification, Proof of Stake is far more energy-efficient and less dangerous. The blockchain is validated by only one miner at a time, but to be selected, the miner must lock up some of their currency as collateral. Consider it like this: Let’s imagine you …
Yield Farming is the practice of placing your cryptocurrency in the most advantageous location so that it will generate more free cryptocurrency for you. Yield, a phrase used in finance, refers to “your return after investing.” There’s Farming because it symbolizes the potential exponential development you could experience by picking the appropriate investment opportunity. For …
What is impermanent loss? Impermanent loss is the unrealized loss that occurs when the share of a liquidity provider position becomes uneven compared to its original position. Impermanent loss only happens to people who provide liquidity to a liquidity pool. Let us say you put up 100 Ethereum and $ 10,000 into a liquidity pool. …
Automated Market Makers are what allow traders to purchase and sell certain coins using an algorithm that dictates how costly something ought to be, based on how much of it there is. As someone buys one asset, it gets increasingly costly and expensive because there is less of it. As they give it another asset, …
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Liquidity pools, not to be confused with pools filled with water but rather pools filled with money. They are smart contracts that allow traders to trade tokens and coins even if there are no buyers or sellers out there. Traditional Stock Markets use a model wherein buyers and sellers put down their orders and submit …
Do you know what a very good use for a DAO and smart contracts would be? In the Insurance Industry. It is very much possible to create a whole insurance company with a few well-crafted smart contracts. Smart contracts are pretty much just code that if simplified is “if this then that”. Imagine if you …
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Cryptocurrency wallets are a place where you keep your crypto assets. They are software, systems, or programs that enable the storage of public and private keys. These public and private keys allow you to send or receive your crypto. It can even allow you to view and monitor your assets. The public key in your …
DAO is an acronym that stands for Decentralized Autonomous Organization. A DAO is an organization automated by code as long as it was agreed upon by the people who are connected with the DAO via smart contracts. Smart contracts can do anything as long as they can be programmed or coded to do so. Smart …
Uniswap (UNI) $10,105.62 million market cap Uniswap is a DEX, which stands for decentralized exchange that offers peer-to-peer cryptocurrency exchange on the Ethereum blockchain. It eliminates the need for intermediaries and unnecessary processes. The protocol is non-upgradable and designed to be censorship resistant. • Defi • Staking • Yield Farming Market Exchange Value: https://coinmarketcap.com/currencies/uniswap/ Aave …
The majority of games are developed and managed by the organization that produced them. Usually, the gaming community has little, to no option but to take the developers game plans. The organization’s decision-making power is concentrated on the team that created the game. However, if a game is a DAO, it indicates that the authority …
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