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Federated BFT (fBFT) A succinct definition of Federated BFT (fBFT) Federated BFT (fBFT)Level UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYFEDERATED BFT (FBFT)Copy linkShare on TwitterShare on FacebookShare on LinkedinFederated BFT (fBFT)Federated Byzantine Fault Tolerance (fBFT) is a consensus mechanism designed to enhance scalability, security, and decentralisation in blockchain, particularly in networks where a federation of trusted nodes participates in validating transactions.A…
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…As there is no central controlling node or single point of failure, Web3 does not require users to seek permission from a central authority to post anything — fulfilling the idea of a decentralised, trustless, and permissionless internet. With blockchain as its foundation, Web3 is largely composed of decentralised concepts like decentralised applications (dapps), decentralised autonomous organisations (DAOs), decentralised finance (DeFi), non-fungible tokens (NFTs), and cryptocurrencies.Examp…
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…It allows for a voting system, like in a decentralised autonomous organisation (DAO), so projects remain decentralised.While governance can refer to any structure, such as centralised or decentralised, it is most commonly seen in the crypto space as a liberal structure. There are typically two types of cryptocurrency governance: on-chain and off-chain.With on-chain governance, voting is conducted on-chain, and the rules for how the vote is conducted are also set on-chain, which means that when a…
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…The network we know today, referred to simply as Ethereum, is the post-fork version of the Ethereum (Classic) mainnet chain. Ethereum Classic’s origins trace back to a multimillion-dollar exploit of The DAO, a decentralised autonomous organisation (DAO) launched by blockchain solutions company Slock.it in 2016. The DAO was one of the largest crowdfunding campaigns in crypto history, raising over US$150 million worth of ether. Concerns were expressed about the vulnerabilities to The DAO’s c…
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…Ethereum’s network hosted the first decentralised autonomous organisation (DAO), whose underlying code proved vulnerable to hackers, and thieves siphoned $60 million worth of ETH, reducing consumer confidence in cryptocurrencies. Jan. 2018The ‘ICO Boom’ catapults ETH to a new all-time high (ATH) of nearly $1,400. The 2017 crypto bull market saw many altcoins launch in Ethereum’s ecosystem, creating unprecedented demand for ETH as crypto traders rushed to participate. Nov. 2021ETH reach…
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…Below is a quick timeline for the price histories of Ethereum and Bitcoin Cash. Ethereum — Key Price Events DateEventJuly to September 2014Ethereum launches with an initial coin offering (ICO), minting 50 million ETH at an average price of $0.30 per token. June 2016Ethereum loses about 70% of its value after hackers stole $60 million worth of ETH from the world’s first decentralised autonomous organisation (DAO). The DAO was established on Ethereum’s network, and its underlying code pro…
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…Equivalent to Ethereum’s ERC standards, SPL provides reusable, pre-coded components that simplify tasks like token creation, governance, and on-chain recordkeeping. Key SPL programmes include: SPL Token: Solana’s standard for fungible token creation, transfers, minting, and burning.SPL Governance: Powers decentralised autonomous organisation (DAO) structures with features like proposal voting and treasury control.SPL Memo and Staking: Enable on-chain data recording and token-based governance…
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…Equivalent to Ethereum’s ERC standards, SPL provides reusable, pre-coded components that simplify tasks like token creation, governance, and on-chain recordkeeping. Key SPL programmes include: SPL Token: Solana’s standard for fungible token creation, transfers, minting, and burning.SPL Governance: Powers decentralised autonomous organisation (DAO) structures with features like proposal voting and treasury control.SPL Memo and Staking: Enable on-chain data recording and token-based governance…
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Who Is Ethereum Founder Vitalik Buterin? An overview of Ethereum founder Vitalik Buterin’s life and achievements, both in the cryptocurrency space and beyond. Who Is Ethereum Founder Vitalik Buterin? Level UpNEWIndividualsBusinessesDevelopersDiscoverCompanyUNIVERSITYEthereum20 Sep 2024|BEGINNERS|8 MIN READWho Is Ethereum Founder Vitalik Buterin? An overview of Ethereum founder Vitalik Buterin’s life and achievements, both in the cryptocurrency space and beyond. Key Takeaways: Vitalik Buter…
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…This reduces licensing complexity but raises the bar for compliance. The European Banking Authority (EBA) and European Securities and Markets Authority (ESMA) now jointly monitor operational resilience, market abuse, and user protection in licensed exchanges. Asia Hong Kong and Singapore have issued specific licences: Hong Kong: Over 10 approved Virtual Asset Trading Platform (VATP) licences.Singapore: Dozens of MPI and Digital Payment Token (DPT) licences granted under the Monetary Authority …
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