What is Ethereum? The Ultimate Guide
Ethereum is a cryptocurrency platform that allows you to create, deploy, and use decentralized apps (DApps) without the need for a third party. It’s known as “the world’s computer.”
Ethereum is a cryptocurrency platform that allows you to create, deploy, and use decentralized apps (DApps) without the need for a third party. It’s known as “the world’s computer.”
Decentralized Finance (DeFi) is a new technology that seeks to bring the existing financial industry onto the blockchain. In other words, seeks to create a decentralized, transparent, and open digital economy.
A Non-Fungible Token (NFT) is a type of cryptocurrency used to verify ownership of something unique, such as digital artwork, sports cards, real estate, or in-game items.
Proof-of-work (PoW) is a consensus mechanism in which network participants must expend computing effort (solving mathematical puzzles) to secure a cryptocurrency ledger.
Proof-of-Stake (PoS) is an alternative consensus mechanism in which network participants must put their funds at stake to update and secure a ledger (blockchain).
The Metaverse is a 3D computer simulation (like the Matrix) that allows users to create avatars to work, meet, game, and interact with one another.