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…These interfaces can vary widely based on the specific functionality of the dapp.ICO or Token Sale Interface: During initial coin offerings (ICOs) or token sales, participants interact with a specific UI to contribute funds and receive tokens. This interface typically includes details about the project, token sale terms, and a contribution mechanism.The design and usability of these UIs are critical for user adoption and overall success of cryptocurrency-related platforms. A well-designed UI sho…
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GameFi A succinct definition of GameFi GameFiLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYGAMEFICopy linkShare on TwitterShare on FacebookShare on LinkedinGameFiFirst coined in a 2020 tweet by Andre Cronje, the CEO of Yearn Finance, ‘GameFi’ combines the words ‘game’ and ‘finance’. It mixes blockchain technology, non-fungible tokens (NFTs), and game mechanics to create a virtual environment for players.Until recently, video games were housed on centralised servers…
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…For example, the company never had an initial coin offering (ICO), and no YFI tokens were ever pre-mined. As a result, yearn.finance has established a reputation as one of the most decentralised cryptocurrency ventures. Users also like the platform’s simplified method to DeFi, overall security, and a community-vetted, open-source code. The bulk of yearn.finance's services include Earn, Zap, and Vaults, making it possible for customers to lend or sell their cryptocurrency. What is yearn.financ…
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Non-Custodial Wallets: Your Keys, Your Crypto Non-custodial wallets offer users several advantages, but also come with responsibilities. Read on for what they are. Non-Custodial Wallets: Your Keys, Your CryptoLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyUNIVERSITYTrending16 Oct 2024|INTERMEDIATE|8 MIN READNon-Custodial Wallets: Your Keys, Your CryptoNon-custodial wallets offer users several advantages, but also come with responsibilities. Read on for what they are. Key Takeaways: Non…
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… Following an initial coin offering that raised US$18.3 million in BTC funds, the Ethereum blockchain was launched in 2015. Since then, this network has undergone updates, most notably a shift from a proof of work (PoW) algorithm, which relies on computational power for the processing of blocks in the blockchain, to a proof of stake (PoS) algorithm, to boost network scalability. How Ethereum works Ethereum has introduced the concept of a blockchain smart contract platform, which allows for cre…
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…In 2017, the project raised $26 million in its initial coin offering (ICO). Users may buy and trade LAND, Estates, Avatar wearables, and names in the Decentraland Marketplace, which stocks several digital products and paraphernalia supported by the Ethereum blockchain. Decentraland employs two tokens, LAND and MANA, to enable users to engage with the platform. Non-fungible LAND tokens carry coordinates of a single point on the grid, reference each parcel's data, and represent the individual ow…
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…Aave offers borrowers not just traditional over-collateralised loans but also flash loans. Aave raised US$16.2 million in an initial coin offering (ICO) to fund the development of a decentralised peer-to-peer lending network. When they shifted to a liquidity pool approach, they renamed it Aave. In 2020, Aave introduced the Aave Protocol, an open-source, non-custodial liquidity protocol that allows users to earn interest on deposits and borrow assets. That year, Aave became the second DeFi proto…
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Double-Spending A succinct definition of Double-Spending Double-SpendingLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYDOUBLE-SPENDINGCopy linkShare on TwitterShare on FacebookShare on LinkedinDouble-SpendingIn cryptocurrency, double-spending is a vulnerability that allows hackers to alter a blockchain network and use the same digital token for different transactions. This issue can snowball into a major setback for the digital asset for two major reasons: It creates a discrep…
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…Instead, the protocol pays the companies who administer the network regularly with new EOS, thereby replacing inflation for transaction fees.A Brief History of EOSEOS came out in June 2018, when Block.one, the firm that developed the EOS.IO open-source software used on the network, raised over US$4 billion in crypto in an initial coin offering (ICO). Launching in June 2017, the EOS token sale lasted a year, making it the biggest ICO to date. EOS has backing from over 16 top-notch organisations, …
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… Following an initial coin offering that raised US$18.3 million in BTC funds, the Ethereum blockchain was launched in 2015. Since then, this network has undergone updates, most notably a shift from a proof of work (PoW) algorithm, which relies on computational power for the processing of blocks in the blockchain, to a proof of stake (PoS) algorithm, to boost network scalability. How Ethereum works Ethereum has introduced the concept of a blockchain smart contract platform, which allows for cre…
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