ERC-20 stands for “Ethereum Request for Comment 20” and it’s a widely used technical standard for creating tokens on the Ethereum blockchain. Think of it as a set of rules that ensures all ERC-20 tokens function in a similar way, allowing them to interact smoothly with each other and various Ethereum-based applications. Understanding ERC-20 ERC-20,
March 2022 marked the release of ApeCoin, the Bored Ape Yacht Club-affiliated cryptocurrency that promises to be the coin-of-choice for a new metaverse ecosystem being built out by Yuga Labs — the creators behind BAYC. The release of the coin, which came on the heels of Yuga Labs acquiring pioneering NFT collectible CryptoPunks, and was followed up
PancakeSwap is a decentralized exchange that allows you to trade tokens while also offering opportunities to profit from liquidity pools and staking. What sets PancakeSwap apart from the likes of Uniswap and SushiSwap is that it runs on Binance Smart Chain (BSC) instead of Ethereum. Because of that, it is able to charge significantly lower transaction costs relative to
Decentraland MANA is a software running on Ethereum that seeks to incentivize a global network of users to operate a shared virtual world. Decentraland users can buy and sell digital real estate, while exploring, interacting and playing games within this virtual world. Over time, the platform has evolved to implement interactive apps, in-world payments and peer-to-peer communication for
EOSIO is a blockchain designed to facilitate the operation of a new kind of program called a decentralized application (dapp). Its technology attempts to solve historical issues in using blockchains to run dapps, as popular applications have even clogged capacity on larger, more developed blockchains like Ethereum (ETH), resulting in performance issues for all users. One of
Tezos XTZ set out in 2014 to create what it called a “self-amending blockchain.” Complex in implementation, at its core, the concept was simple: Tezos would allow anyone who owned its XTZ cryptocurrency to vote on possible changes to its rules, and once decided, the software would automatically update to ensure the changes were made. By using
The Sandbox is software running on Ethereum that operates a decentralized virtual gaming world. At its core, the Sandbox is a game in which players can buy digital plots of land, called LAND, and create experiences on top of them to share with other users. In this way, The SAND bis one model of a blockchain-based metaverse
OKX is an online cryptocurrency exchange platform that permits traders to buy, sell, trade, mine, and even lend crypto. The exchange was established in 2017 by Mingxing “Star” Xu as a spinoff of its sister company “OKcoin” which was forced to move its headquarters from Beijing to Hong Kong. OKX is based in the Republic
Bybit is a Singapore-based crypto exchange that was founded in 2018. In only a few years, Bybit has gained over 2 million users, with over $12.5B derivatives trading volume (per 24h) – ranking #4 on the market. Bybit provides multiple trading tools and features for crypto investors. Even though its spot trading services are not
What is Coinbase? Coinbase is a secure online platform known as a cryptocurrency exchange for buying, selling, transferring, and storing digital currency known as crypto. It enables you to trade, buy, and sell cryptocurrencies like Bitcoin (BTC), Ethereum, Litecoin, Cardano, Dogecoin, and Solana. As of July 2022, there are 20,268 cryptocurrencies in existence. It doesn’t