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The XRP Ledger operates on a consensus protocol that differs from traditional proof-of-work (PoW) and proof-of-stake (PoS) mechanisms. [8] [3] Transactions are validated by a network of independent validators who reach consensus every 3 to 5 seconds, enabling rapid transaction settlement. [8]
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 ]
The AirDrop icon. AirDrop has been used for cyberflashing. Cyberflashing involves sending obscene pictures to strangers online, often done through Bluetooth or AirDrop transfers between devices. [1] [2] [3] The first mainstream coinage of the term occurred around 13 August 2015, after a female commuter was AirDropped two pictures of a penis.
Decentralized finance (often stylized as DeFi) provides financial instruments and services through smart contracts on a programmable, permissionless blockchain.This approach reduces the need for intermediaries such as brokerages, exchanges, or banks. [1]
AirDrop is a proprietary wireless ad hoc service in Apple Inc.'s iOS, macOS, iPadOS and visionOS operating systems, introduced in Mac OS X Lion (Mac OS X 10.7) and iOS 7, [1] which can transfer files among supported Macintosh computers and iOS devices by means of close-range wireless communication. [1]
For a blockchain transaction to be recognized, it must be appended to the blockchain. In the proof of stake blockchain, the appending entities are named minters or validators (in the proof of work blockchains this task is carried out by the miners); [2] in most protocols, the validators receive a reward for doing so. [3]
Dogecoin (/ ˈ d oʊ (d) ʒ k ɔɪ n / DOHJ-koyn or DOHZH-koyn, [2] Abbreviation: DOGE; sign: Ð) is a cryptocurrency created by software engineers Billy Markus and Jackson Palmer, who decided to create a payment system as a joke, making fun of the wild speculation in cryptocurrencies at the time. [3]
Web3 (also known as Web 3.0) [1] [2] [3] is an idea for a new iteration of the World Wide Web which incorporates concepts such as decentralization, blockchain technologies, and token-based economics. [4]