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Tag: Ethereum

Flash Loans

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Flash loans are a form of Decentralized Finance’s (DeFi) loans that are quickly executed and do not need collateral. These flash loans are possible because of the way data is recorded on the Ethereum network. The flash loan is effectively reversed if the principal and interest are not returned within one Ethereum transaction. Flash loans are a creative and useful platform for arbitrage and fast transactions that weren’t feasible...

Ethereum, Glossary

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Altcoin

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The term “altcoin” refers to any cryptocurrency that isn’t Bitcoin – a digital money that isn’t Bitcoin. Because Bitcoin was the first cryptocurrency, each subsequent cryptocurrency was considered an “alternative.” Ethereum, XRP, Litecoin, Cardano, and Dogecoin are some of the most well-known cryptocurrencies. Altcoin traders often trade enormous volumes of altcoins every day in the hopes of making quick...

Ethereum, Glossary

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Ethereum

Ethereum

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Ethereum price Ethereum is an open-source platform, designed to let people create applications that run exactly as programmed without any chance of fraud, censorship, or third-party interference. Basic Info  Name: EthereumSymbol: ETHInitial release: 2015Authors, Developers: Vitalik ButerinConsensus algorithm: Proof-of-Work (PoW)Website: https://ethereum.org/ Ethereum Ledger...

Coins, Ethereum

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Guide to Cryptocurrencies: What is a Fork?

Guide to Cryptocurrencies: What is a Fork?

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What is a fork? In the cryptocurrency space, a fork is a change to the code of a cryptocurrency’s blockchain. Forks occur when two or more developers start from a single set of code and create two different versions of it. Developers can do this if they want to make changes to an existing protocol. It typically occurs when there is a disagreement among the people developing the cryptocurrency. They can also do this to test new ideas or to...

Cryptocurrencies, Ethereum, Glossary

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Ethereum 2.0

Countdown to Ethereum 2.0

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ETH 2.0 is closer than ever. A novelty that promises to revolutionize the crypto world with an evolution that, it is claimed, brings with it an Ethereum that, in many respects, will be simpler than its predecessor. Current Ethereum users will not notice the difference as both versions will coexist for a considerable time as, as those responsible for the Ethereum Foundation assured, phase two consists of a solid long-term project. In...

Blockchain, Cryptocurrencies, Ethereum

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