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…What Is AVAX (Avalanche)?Level UpNEWIndividualsBusinessesDevelopersDiscoverCompanyUNIVERSITYAltcoins11 Oct 2023|BEGINNERS|4 MIN READWhat Is AVAX (Avalanche)?Dive into Avalanche’s AVAX token and learn about its consensus mechanism, tokenomics, and how it compares to other Layer-1 protocols. Key Takeaways: Avalanche is a Layer-1 blockchain that prioritises low fees and fast transactions while maintaining its eco-friendly status.The blockchain processes 4,500 transactions per second (tps) and fin…
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…However, on 13 August 2020, an unknown developer with a freshly formed Twitter account stated they had installed Curve DAO smart contracts. The developer paid 19.9 ETH (US$8,000) to install the smart contracts on Ethereum. When the contracts went live, some users began staking yCRV tokens, which is Curve Finance’s moniker for tokens representing shares in Curve’s liquidity pools. These users then proceeded to acquire CRV tokens. This scenario caused consternation and allegations of 'pre-min…
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…AVAX is +0.00% in the last 24 hours.AVAX has a circulating supply of 421.98 M AVAX and a max supply of 715.75 M AVAX.What is Avalanche? Avalanche is an open, programmable smart contracts platform that launched its mainnet in September 2020. Its native token is AVAX, a hard-capped digital asset used for the platform’s payments, security, and connection functions. It gained recognition as a popular platform for DeFi (decentralised finance) applications such as Pangolin and TraderJoe. A brief hi…
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…No broker is needed when using Aave since the whole system runs autonomously using smart contracts on the Ethereum blockchain. Its native token is AAVE, which is a governance token. A brief history of Aave Stani Kulechov launched Aave in 2017 as ETHLend, one of the first lending applications based on the Ethereum blockchain. Rather than establishing direct contact between lenders and borrowers, Aave includes both parties via liquidity pools, diversifying possibilities, and automating the proce…
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…These are analogous to derivatives in TradFi, but in the form of ERC-20 smart contracts. Synths track the assets they represent and provide the returns without requiring users to hold the asset itself. For this, Synths use decentralised oracles, which are smart contract-based price discovery protocols, to track the prices of the assets represented. Synthetix issues multiple cryptocurrencies. The first is Synthetix's native token, SNX. Second are the Synths, the tokens that represent assets and …
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…This decentralised agreement process ensures that no single entity can unilaterally alter the blockchain.On platforms like Ethereum, immutability also applies to smart contracts. Once deployed, the code of a smart contract cannot be changed, ensuring that the contract will execute exactly as written.Key TakeawayImmutability underpins the reliability and trustworthiness of blockchain technology by enhancing security, and preventing fraud and unauthorised alterations, making it a reliable ledger f…
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…Solidity A succinct definition of Solidity SolidityLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYSOLIDITYCopy linkShare on TwitterShare on FacebookShare on LinkedinSoliditySolidity is an object-oriented, high-level programming language used to develop smart contracts and automate transactions on a blockchain. First proposed in 2014 by Ethereum co-founder Gavin Wood, this programming language is now one of the most common tools for writing self-executing codes on Ethereum and o…
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…Previously, consumers merely kept these coins with the expectation that their value would grow, but they may now leverage their holdings without giving up their currencies' possession. Compound uses certified smart contracts to perform these activities autonomously. Its contracts handle all of the network's critical functions, covering tasks like storage, administration, and the facilitation of all pooled wealth. Compound ensures network security by using a variety of techniques, as the network…
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…Faced with community pressure, Chef Nomi handed over the private key to the SushiSwap smart contract to FTX CEO Sam Bankman-Fried the next day. Bankman-Fried transferred US$830 million in liquidity from Uniswap, and on 11 September 2020, in response to community pressure, Chef Nomi willingly returned the Ether and apologised to the community. Following Chef Nomi's questionable actions and eventual departure, the community swiftly developed explicit guidelines for ownership and management of the …
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…VET is +0.00% in the last 24 hours.VET has a circulating supply of 85.99 B VET and a max supply of 86.71 B VET. VeChainThor (VET) is a versatile enterprise-grade L1 smart contract platform whose origins began in 2015. VeChain is known as a pioneer of real-world enterprise applications, and built a distributed platform powered by Internet of Things (IoT) technologies, NFC chips and blockchain to help various industries solve data-related challenges. VeChain solves major blockchain adoption hurdl…
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