Search results
Results From The WOW.Com Content Network
Uniswap is a decentralized cryptocurrency exchange that uses a set of smart contracts to create liquidity pools for the execution of trades. It is an open source project and falls into the category of a DeFi product ( Decentralized finance ) because it uses smart contracts to facilitate trades instead of a centralized exchange.
A decentralised application (DApp, [1] dApp, [2] Dapp, or dapp) is an application that can operate autonomously, typically through the use of smart contracts, that run on a decentralized computing, blockchain or other distributed ledger system. [3]
An airdrop is an unsolicited distribution of a cryptocurrency token or coin, usually for free, to numerous wallet addresses. Airdrops are often associated with the launch of a new cryptocurrency or a DeFi protocol, primarily as a way of gaining attention and new followers, resulting in a larger user base and a wider disbursement of coins. [1]
Another DeFi protocol is Uniswap, which is a decentralized exchange (DEX) set up to trade tokens issued on Ethereum. Rather than using a centralized exchange to fill orders, Uniswap pays users to form liquidity pools in exchange for a percentage of the fees collected from traders swapping tokens in and out of the liquidity pools.
Paradigm had also invested in cryptocurrency related startups such as Uniswap. By October 2020, 13 of Paradigm's 28 startup investment had already raised or circulated tokens at higher valuations. It drew comparison to peers such as Pantera Capital and Andreessen Horowitz. [2]
An example paper printable Bitcoin wallet consisting of one Bitcoin address for receiving and the corresponding private key for spending Main article: Cryptocurrency wallet A cryptocurrency wallet is a means of storing the public and private "keys" (address) or seed, which can be used to receive or spend the cryptocurrency. [ 83 ]
A cryptocurrency wallet is a device, [1] physical medium, [2] program or an online service which stores the public and/or private keys [3] for cryptocurrency transactions. In addition to this basic function of storing the keys, a cryptocurrency wallet more often offers the functionality of encrypting and/or signing information. [4]
A decentralized autonomous organization (DAO), sometimes called a decentralized autonomous corporation (DAC), [a] [1] is an organization managed in whole or in part by decentralized computer programs, with voting and finances handled through a decentralized ledger technology like a blockchain.