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7 Dec 2020 2 minute read 0 comments CryptoSlackers
Understanding What Bitcoin Is Bitcoin is a decentralized virtual currency that allows people to securely send and receive money in the form of Bitcoin without needing to trust a third party to verify each transaction. For example, when you send money...
7 Dec 2020 1 minute read 0 comments CryptoSlackers
Polkadot is a global network of blockchains that serves as a foundation for a new peer-to-peer internet by both allowing new blockchains to be built on its framework, as well as enabling existing blockchains to connect, or bridge, to the Polkadot Net...
7 Dec 2020 1 minute read 9 comments CryptoSlackers
Dai is ERC-20 token on the Ethereum blockchain that is pegged to the US Dollar, making it what is known as a stablecoin. Dai is created by the Maker Protocol, which is a series of smart contracts, or code that runs on the Ethereum Network, that facil...
7 Dec 2020 1 minute read 1 comment CryptoSlackers
Yearn Finance is a decentralized finance network that offers a suite of different DeFi products for lending aggregation, yield generation, and insurance on the Ethereum blockchain. YFI is Yearn Finance's native governance token that gives owners the...
4 Dec 2020 1 minute read 0 comments CryptoSlackers
Bitcoin, which operates on the Bitcoin blockchain, cannot be easily transacted with on other blockchains, such as Ethereum. This problem is solved by "wrapping" Bitcoin into an ERC-20 token that functions freely on the Ethereum blockchain. When a us...
3 Dec 2020 1 minute read 0 comments CryptoSlackers
Cosmos is a decentralized protocol for facilitating secure communication and transactability between existing blockchains without the need for a centralized intermediary. In addition to this, Cosmos provides the infrastructure to build new, scalable...
3 Dec 2020 1 minute read 1 comment CryptoSlackers
Uniswap is a decentralized exchange built on Ethereum that allows for easy and quick swapping of ERC-20 tokens at market prices using an automated market-making protocol. Decentralized trading is made possible by users who provide liquidity in the...
3 Dec 2020 1 minute read 0 comments CryptoSlackers
Monero (XMR) is a decentralized proof-of-work cryptocurrency that focuses on providing full anonymity and privacy to its users. Monero's fundamentals work very similarly to Bitcoin, in that transactions are confirmed by miners who earn a fee in exch...
2 Dec 2020 1 minute read 0 comments CryptoSlackers
VeChain is a blockchain ecosystem built specifically with enterprise solutions in mind, predominantly in regards to supply chains. VeChain's platform has 2 tokens: VeChain (VET) which is used to send and receive value, and VeChainThor Energy (VTHO) w...
2 Dec 2020 1 minute read 0 comments CryptoSlackers
Similarly to Ethereum, Tezos is a proof-of-stake blockchain network that allows programs, or smart contracts, to be executed without the need for a trusted 3rd party. XTZ, also known as tez, is the Tezos native cryptocurrency token that carries value...
