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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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…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 Buterin is the co-founder of Ethereum, a revolutionary blockchain platform that introduced smart contracts and has been instrumental in the rise of decentralised fina…
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…Web-based wallets, or online cryptocurrency wallets, generally exist as browser extensions and typically have user-friendly interfaces for efficient transactions and interaction with decentralised applications (dapps) or decentralised finance (DeFi) protocols.Web-based wallets, or online cryptocurrency wallets, generally exist as browser extensions. They typically have user-friendly interfaces for efficient transactions and interaction with decentralised applications (dapps) or decentralised fin…
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…It introduced the concept of programmable blockchain, allowing for the execution of complex transactions and automation through smart contracts and enabling developers to build and deploy decentralised applications (dapps). Ethereum relies on a consensus mechanism called Proof of Stake (PoS), which uses validators that stake tokens on the blockchain and verify transactions before they are added to the chain. The staking process earns validators rewards in the form of ETH — just like how Bitcoi…
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…Learn all its fundamentals here.Key Takeaways Known for its scalability, speed, and low transaction costs, Solana (SOL) is a high-performance blockchain platform aiming to address the limitations of existing blockchains with a unique consensus mechanism called Proof of History (PoH). It supports decentralised applications (dapps) across decentralised finance (DeFi), non-fungible tokens (NFTs), gaming, and meme coins. The Solana Program Library (SPL) provides developers with modular, parallelised…
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…Learn all its fundamentals here.Key Takeaways Known for its scalability, speed, and low transaction costs, Solana (SOL) is a high-performance blockchain platform aiming to address the limitations of existing blockchains with a unique consensus mechanism called Proof of History (PoH). It supports decentralised applications (dapps) across decentralised finance (DeFi), non-fungible tokens (NFTs), gaming, and meme coins. The Solana Program Library (SPL) provides developers with modular, parallelised…
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What Is Blockchain? From the Byzantine Generals Problem to consensus, this article explains what blockchain is and how it works. What Is Blockchain?Level UpNEWIndividualsBusinessesDevelopersDiscoverCompanyUNIVERSITYBlockchain7 Jan 2022|BEGINNERS|6 MIN READWhat Is Blockchain?From the Byzantine Generals Problem to consensus, this article explains what blockchain is and how it works. In the simplest of terms, a blockchain is a group of computers that works together to process and record data, ensur…
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What Is Blockchain? From the Byzantine Generals Problem to consensus, this article explains what blockchain is and how it works. What Is Blockchain?Level UpNEWIndividualsBusinessesDevelopersDiscoverCompanyUNIVERSITYBlockchain7 Jan 2022|BEGINNERS|6 MIN READWhat Is Blockchain?From the Byzantine Generals Problem to consensus, this article explains what blockchain is and how it works. In the simplest of terms, a blockchain is a group of computers that works together to process and record data, ensur…
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What Is Blockchain? From the Byzantine Generals Problem to consensus, this article explains what blockchain is and how it works. What Is Blockchain?Level UpNEWIndividualsBusinessesDevelopersDiscoverCompanyUNIVERSITYBlockchain7 Jan 2022|BEGINNERS|6 MIN READWhat Is Blockchain?From the Byzantine Generals Problem to consensus, this article explains what blockchain is and how it works. In the simplest of terms, a blockchain is a group of computers that works together to process and record data, ensur…
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What Is Blockchain? From the Byzantine Generals Problem to consensus, this article explains what blockchain is and how it works. What Is Blockchain?Level UpNEWIndividualsBusinessesDevelopersDiscoverCompanyUNIVERSITYBlockchain7 Jan 2022|BEGINNERS|6 MIN READWhat Is Blockchain?From the Byzantine Generals Problem to consensus, this article explains what blockchain is and how it works. In the simplest of terms, a blockchain is a group of computers that works together to process and record data, ensur…
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