Sunday, December 19, 2021

Blockchain, Crypto, Web3, Defi, GameFi Basics

Arbitrum: Ethereum's scaling solution

"ApeCoin (APE) is an ERC-20 token used within the APE ecosystem." - coinbase

Web3 : the next revolution of web after Web1 and Web2. 

DeFi Summer: Summer of 2020, a Renaissance of Decentralized Finance (DeFi), a popular time to launch DeFi startup. DeFi 1.0

DeFi 2.0 Year 2021.  

Be sure to read our disclaimer first before reading any of our content. Thank you.

Blockchains and tokens:

Coinbase : April 2021 Coinbase became the first crypto company to go public in the stock exchange.

CoinMarketCap : You can find coin prices, price API and also contract address on coinmarketcap. For example, Pancakeswap may ask you to enter token address. I sometimes use CoinMarketCap to look up the address. But watch out there are forked, obsolete, outdates addresses. I got stuck with some hard forked old tokens, which I had to transfer at a loss. Warning: all contents on this website is informational only. Crypto is extremely risky. Do your own research.  There is no financial advice on this blog. Mentioning an entity does not mean endorsement.

Enzyme : coinbase education, like an on-chain investment club

Expressions: what you are feeling is FOMO (fear of missing out).  Ape. "WAGMI" (we are going to make it). Tipping Tuesday. Tipping Jar. gm is short for good morning. Lower case only. It’s for saying hi in web3

Fantom : explained by coingecko

"loTeX is currently focused on growing its network of real-world data oracles - trusted sensors and devices that offer verifiable sources of data." -  Definition coinbase education。

Luna terra explained by coingecko

Metaverse offering: facebook, microsoft, accenture

Multisig wallet: (vocabulary)

""A multisig wallet is a wallet shared by two or more users called copayers. Depending on the kind of wallet, the number of signatures required to sign a transaction will be lower or equal to the number of copayers of the wallet. For example, a 3-3 wallet is a multisig wallet that is shared by three people and requires three signatures to sign a transaction. A 2-3 wallet is a multisig wallet that is shared by three people and requires two signatures to sign a transaction. You may also see “2 of 3” to indicate the number of copayers needed.""

Comment: keep in mind, it is hard enough for one person to keep track of crypto wallet passphrase, if the signature holders forget or sadly pass away, this can really be a problem. 

Walmart, cryptonews :

Coinmart: Walmart announced plans to allow customers to buy Bitcoin from Coinstar kiosks in some of its US stores.

Polygon - What is polygon $MATIC ? "Polygon is the leading platform for Ethereum scaling and infrastructure development. Its growing suite of products offers developers easy access to all major scaling and infrastructure solutions: L2 solutions (ZK Rollups and Optimistic Rollups), sidechains, hybrid solutions, stand-alone and enterprise chains, data availability solutions, and more. Polygon’s scaling solutions have seen widespread adoption with 3000+ applications hosted, ~600M total transactions processed, ~60M unique user addresses, and $5B+ in assets secured." polygon, source gitcoin. The skill of ethereum development should be transferrable for polygon developers. Plug and play, replace a few configurations.

Smart contracts: 

Tezos: tezos community NFTs, Tezos art work are relatively more affordable. It is popular in Latin America (Red Bull racing in Mexico) and South Asia (Moon + Mike Shinoda). Tezos likes to say it is energy efficient, greenest, efficient, because it uses proof-of-stake instead of proof-of-work. It also collaborates with Cambridge on environment credit market place. Partnerships: McLaren racing, Red Bull Racing.

Validator: personally, sometimes I wonder if staking rewards help platforms become large validators, who in term earn validator (mining-like) rewards, and then only give a portion of these back to the user?!

Web3 : meme how web2 developer (Web developers) become web3 developers.

web2 to web3

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