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…As Ethereum gets more widely used by developers, more use cases were introduced, such as decentralised finance (DeFi), play-to-earn gaming, NFT art, and others. Frequently asked questions about EthereumWhat are the differences between Ethereum and Bitcoin?Firstly, Ethereum and Bitcoin have different purposes. Bitcoin was created as an alternative to fiat money and is intended to be a medium of exchange and store of value. However, Ethereum was created to facilitate smart contracts and dApps. …
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…What Is the Cronos Blockchain?Level UpNEWIndividualsBusinessesDevelopersDiscoverCompanyUNIVERSITYBlockchain21 Jan 2022|INTERMEDIATE|4 MIN READWhat Is the Cronos Blockchain?Powered by Ethermint, the Cronos blockchain allows for rapid porting of apps and smart contracts from Ethereum and other EVM-compatible chains. Key Takeaways: The Cronos blockchain is capable of interoperating with both Ethereum and Cosmos. It aims to massively scale the Web3 community, supporting DeFi, gaming, NFTs, and the M…
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…Its widespread adoption has opened the gates for developers to build decentralised finance (DeFi) products, games, exchanges, and much more around its standards, expanding the possibilities of decentralised technology. Since the introduction of ERC-20, other token standards have been developed as alternatives or improvements. The most notable ones include: ERC-777: Similar to ERC-20, this token standard defines parameters for fungible tokens, with some differences. Notably, its ‘backwards …
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…They commonly accompany decentralised finance (DeFi), non-fungible tokens (NFTs), and many other crypto projects.With roadmaps, backers can see the project team’s ambitions and the direction the project is taking. Roadmaps also double as a way to hold a team accountable; however, they are not set in stone. Teams have the freedom and ability to make changes to a roadmap if they realise these would be better suited to reaching project goals. Examples of roadmaps include the Loaded Lions NFT pro…
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…Trust Without Centralisation In decentralised finance (DeFi), ZK proofs can verify complex interactions (like loan eligibility or asset holdings) without relying on a central authority. This maintains censorship-resistance while enabling privacy. 3. Smarter Scaling Since ZK proofs allow for compact proofs, they reduce the data volume that needs to be stored or transmitted on-chain. This contributes to more scalable Layer-2 solutions (like ZK rollups), where thousands of transactions can be verif…
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What Is Cardano (ADA)? In this article, learn about Cardano’s scalable, sustainable, and interoperable blockchain solution, as well as the features of its native token, ADA. What Is Cardano (ADA)?Level UpNEWIndividualsBusinessesDevelopersDiscoverCompanyUNIVERSITYAltcoins11 Sep 2023|BEGINNERS|6 MIN READWhat Is Cardano (ADA)?In this article, learn about Cardano’s scalable, sustainable, and interoperable blockchain solution, as well as the features of its native token, ADA. Key Takeaways: Carda…
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…In other words, functions for decentralised finance (DeFi) and non-fungible tokens (NFTs) have so far hardly been developed on the Bitcoin blockchain.This is where Layer-2s come in. What Are Bitcoin Layer-2s? Bitcoin Layer-2 solutions refer to protocols built on top of Bitcoin’s base layer. These protocols are developed to provide scalability to the Bitcoin network by processing transactions off the main blockchain (mainchain). They can also solve other technical difficulties and provide addit…
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…Your private keys are stored locally on your device, ensuring that only you have access to them.Seamless Integration With DeFi Services:The wallet is designed to integrate smoothly with decentralised finance (DeFi) protocols, enabling you to participate in a wide range of DeFi activities, such as staking, lending, and swapping tokens. This makes it easy to grow your crypto holdings while maintaining full custody of your assets.Enhanced Security Features:Security is a top priority for Crypto.com …
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…Since its boom in 2020, yield farming has evolved to become a popular method for cryptocurrency holders to boost the returns of their digital assets. Examples of decentralised finance (DeFi) protocols for yield farming include Uniswap, Aave, PancakeSwap, and Crypto.com. The main types of yield farming include providing liquidity, lending, borrowing, and staking.Providing liquidity works by allowing liquidity providers (LPs) to contribute their tokens to a liquidity pool through a decentralised …
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…However, the more established an exchange, the more likely it is to offer a variety of digital assets and services like decentralised finance (DeFi), non-fungible token (NFT) trading, and access to decentralised apps (dapps). Learn more about the Crypto.com Exchange here.Key TakeawayA cryptocurrency exchange, also known as a digital currency exchange, is a platform that facilitates the trading of cryptocurrencies.Related WordsSolana Program LibraryThe Solana Program Library (SPL) is a collectio…
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