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What Is NEXO (NEXO)? | Binance Academy
TL;DR The NEXO Token (NEXO) is the native token of the Nexo cryptocurrency alternate and lending platform, suitable with each ERC-20 and BEP-2. Users holding NEXO of their accounts on the Nexo platform get many incentives, together with increased yields on their digital property, free crypto rewards on card purchases, and borrowing fee reductions on […] More
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What Is Stagflation? | Binance Academy
TL;DR Stagflation occurs when an financial system experiences excessive unemployment charges mixed with stagnation or destructive development (recession) and rising costs (inflation). There are methods to fight recession and inflation individually, however since these are conflicting results, the mix of each makes stagflation difficult to regulate. On one aspect, financial stagnation or destructive development could […] More
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What Is Biswap (BSW)? | Binance Academy
TL;DR Biswap is a decentralized change (DEX) that permits customers to swap tokens on the BNB Smart Chain. Besides having a novel referral system and low buying and selling charges, Biswap additionally provides an assortment of services, together with a buying and selling platform, farms, launchpools, an NFT market, buying and selling competitions, and an […] More
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What Are Governance Tokens? | Binance Academy
TL;DR Governance tokens give holders the appropriate to vote on points that govern the event and operations of a blockchain mission. It’s a technique for initiatives to distribute the decision-making energy to their communities. This decentralized governance mannequin helps align the pursuits of the token holders with that of the mission. Introduction Many conventional corporations […] More
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What’s a Blockchain Bridge? | Binance Academy
TL;DR A blockchain bridge is a protocol connecting two blockchains to allow interactions between them. If you personal bitcoin however wish to take part in DeFi exercise on the Ethereum community, a blockchain bridge permits you to do this with out promoting your bitcoin. Blockchain bridges are basic to attaining interoperability inside the blockchain house. […] More
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What Is BTC Dominance? | Binance Academy
TL;DR Bitcoin dominance, or BTC dominance, is measured because the ratio of the market capitalization of bitcoin to that of the remainder of the cryptocurrency market. Some crypto buyers and merchants use bitcoin dominance as a information to regulate their buying and selling methods and portfolio constructions. Introduction While there at the moment are […] More
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What Are Investment DAOs? | Binance Academy
TL;DR An funding DAO is a decentralized group that invests funds as a bunch. Anyone who owns the funding DAO’s governance token can take part within the decision-making course of. The extra of the token you maintain, the bigger your voting energy. Investment DAOs fund their treasury by means of token gross sales, issuing NFTs, […] More
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What Is STP (STPT)? | Binance Academy
TL;DR STP goals to optimize the present state of Decentralized Autonomous Organizations (DAOs). It presents options to streamline current fragmented DAO tooling, create DAOs with out coding data, and handle DAOs extra effectively. Ultimately, a holistic DAO ecosystem would decrease charges and enhance transaction pace to advertise adoption. Introduction Decentralized autonomous organizations (DAOs) are community-led, […] More
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What Is SKALE (SKL)? | Binance Academy
TL;DR SKALE is made up of a doubtlessly limitless variety of blockchains which are modular, quick, and safe. It operates in an built-in method with the Ethereum blockchain. Developers can make the most of Ethereum’s safety by migrating their DeFi initiatives to their very own SKALE chains to attain excessive throughput and low-to-zero fuel charges. […] More
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in NewsWhat Is UMA (UMA)? | Binance Academy
TL;DR UMA is an optimistic oracle (OO) designed to file any knowable fact onto a blockchain. Oracles are entities that join blockchains to the skin world. An optimistic oracle is a kind of oracle that feeds real-world knowledge right into a decentralized system; this knowledge is assumed to be correct if there are not any […] More
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What Is Lisk (LSK)? | Binance Academy
TL;DR Lisk is an open-source blockchain utility platform that improves Web3 accessibility for builders and customers. It gives a simple-to-use software program improvement equipment (SDK) that permits builders to construct blockchain functions utilizing JavaScript, probably the most extensively used programming languages. Lisk is designed to finally enable builders to deploy sidechains onto their community, in […] More
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in NewsWhat Is Livepeer (LPT)? | Binance Academy
TL;DR Livepeer is a decentralized video protocol constructed on the Ethereum blockchain. It was designed for anybody to seamlessly combine video content material into purposes in a decentralized method and at a fraction of the price of conventional options. Decentralization of video processing is completed by distributing the transcoding course of to a community of […] More
