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The Aave Protocol was founded and released on Ethereum mainnet in January 2020 by Aave Labs founder Stani Kulechov, [4] [2] [15] Russian-born Finnish programmer and lawyer who had moved to Finland with his family as a child. [16] [9] Aave means "ghost" in Finnish, which speaks to the transparent aspect of the decentralized open source protocol ...
The USD value of the collateral at any given time divided by the amount of DAI borrowed is the loan's "collateralization ratio"; this is calculated using the USD price of a unit of the collateral asset as reported regularly to a contract by a set of decentralized oracles. Each loan type has a fixed minimum collateralization ratio, which is ...
USD Coin (USDC) is a cryptocurrency stablecoin which is issued by Circle. It is pegged to the United States dollar , and is distinct from a central bank digital currency (CBDC). [ 1 ]
Taxonomy of money, based on "Central bank cryptocurrencies" by Morten Linnemann Bech and Rodney Garratt. Digital currency (digital money, electronic money or electronic currency) is any currency, money, or money-like asset that is primarily managed, stored or exchanged on digital computer systems, especially over the internet.
Ethereum enthusiasts gather for a Merge party in San Francisco in 2022. Ethereum 2.0 (Eth2) was a set of three or more upgrades, also known as "phases", meant to transition the network's consensus mechanism to proof-of-stake, and to scale the network's transaction throughput with execution sharding and an improved EVM architecture.
Uniswap was created on November 2, 2018 [3] by Hayden Adams, [4] a former mechanical engineer at Siemens. [1] Adams is the founder and CEO of Uniswap Labs, the company responsible for the development of the Uniswap Protocol, a decentralized exchange (DEX) built on the Ethereum blockchain. [5]
Funds were held programmatically by design in the cryptocurrency known as Ether, the actual USD amount raised varied in line with the Ether|USD exchange rate at any given moment. Final raised amount was ETH 11.5 million. [17] The amount listed is the conversion value of the raised Ethereum at the campaign end date. 7 Sirin Labs (SRN) Mobile
The proof-of-work distributed computing schemes, including Bitcoin, frequently use cryptographic hashes as a proof-of-work algorithm. Hashrate is a measure of the total computational power of all participating nodes expressed in units of hash calculations per second.