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…This transparency allows dapps, which are censorship-resistant and autonomous, the advantage of having no single point of failure. Dapps typically have the following characteristics: A public and decentralised blockchain (or P2P network) where data and information are keptCryptocurrenciesOpen-source softwareCommunity voting system where any changes are typically decided through a government system or a decentralised autonomous organisation (DAO)No central point of failure; cannot be shut down …
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…It is a body of multiple entities that conducts decision-making processes without a central point.Full definitionDecentralised Applications (Dapps)Decentralised applications (dapps) are applications or programmes that operate on a blockchain or peer-to-peer (P2P) network.Full definitionDecentralised Autonomous Organisation (DAO)A decentralised autonomous organisation (DAO) is an entity designed to be fully autonomous and without a central point of control.Full definitionDecentralised Exchange (D…
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…ReFi and Green Crypto: What They Are, and How They WorkLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyUNIVERSITYBlockchain23 May 2025|INTERMEDIATE|7 MIN READReFi and Green Crypto: What They Are, and How They WorkDiscover how regenerative finance (ReFi) and green crypto are turning blockchain into a force for sustainability.Key Takeaways Regenerative finance (ReFi) leverages blockchain to build decentralised systems that restore ecosystems, empower communities, and promote inclusive, lo…
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…Hence, the idea of a decentralised autonomous organisation (DAO) was born.The DAO, the first decentralised autonomous organisation, was created as a form of an investor-directed venture capital fund. Developed by Slock, it was built on Ethereum in order to integrate real-world transactions into the blockchain. The DAO became an unexpected success during its creation, raising around US$150 million from more than 11,000 participants. This made it the biggest crowdfund at the time.Several onlookers…
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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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…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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…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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…For example, in comparison with a decentralised autonomous organisation (DAO), centralised systems are at a higher risk of single-point failures, limited in terms of scalability, and lacking transparency.Key TakeawayA centralised system is the concentration of power and authority under a single entity or small group.Related WordsSolana Program LibraryThe Solana Program Library (SPL) is a collection of ready-to-use, open-source components for building decentralised applications (dapps) on the Sol…
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…The acronym stands for ‘buy the dip’, which is shorthand to suggest taking advantage of a perceived opportunity to lock in an asset at what is seen as a discounted price, with the idea that the price of the asset will eventually increase in value. DAO A decentralised autonomous organisation (DAO) is, in principle, a group designed to be autonomous and operable without a central point of control. It is usually composed of a community which delegates day-to-day management to a committee that a…
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…Governance and Voting Decentralised autonomous organisations (DAOs) already use NFT-based tokens to handle voting. Rules can be coded in. For example, longer-term holders may get more weight, or votes may reflect a member’s contribution, not just their wallet size. This logic extends beyond Web3, as municipal governments could issue NFT-based IDs for secure voting or to access community services. In the corporate sphere, shareholder votes could move on-chain, as well, replacing slow proxy syst…
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