Congratulations, Sir @sirmapy on the successful launch of Peniwallet and the SMC DAO app!. It is truly an honor to witness your journey. Thank you for not giving up despite the challenges. Your dedication to the success of this projects will always be an inspiration to us.

6/ Can you tell us a little about any dApp you know in any sector? . And If you could rebuild one app you use every day into a dApp, which one would you pick and why?.

5/ Another way dApps can be used is for identity verification. Normally, your ID (identification) details are usually held by the government or the companies that you applied to, using your ID. If by chance, they lose it or misuse your ID, you (the owner of the ID) is at risk,.

4/ Other examples of dApps under DeFi include:. @aave . @Compound . @CryptoKitties . @daomaker . @AxieInfinity.

3/ Decentralized Finance (DeFi) is one of the biggest use case of dApps. And example is the most common “@Uniswap ”. Uniswap is the first Ethereum-based DEX enabling the swapping of ERC-20 tokens via liquidity pools. It is an open-source, Ethereum-based decentralized exchange.

2/ Why do we even need dApps? . - dApps are very transparent and all actions are recorded publicly (for everyone to see) on the blockchain. - dApps are secure and it cannot be stolen or hacked. - dApps gives power back to users by allowing them to own their data, instead of the.

1/ Decentralized applications, also known as "dApps" or "dapps" are digital applications that run on a blockchain network of computers. dApps are said to be decentralized because they are not controlled by one person, company, or computer, instead, it runs on a blockchain which.

Did you know that the apps you use every day like your banking apps, your social media platforms are all controlled by one company? . The implication is that any day the company’s server is down, there’s absolutely nothing you can do about it. But what about dApps? . A thread

The love, support, and encouragement from our last Space has been overwhelming, over 16k tuned in! 🙌. A big thank you to our esteemed speakers: God’s Prophet @ProphetJoelO, the founder of Wikicat, PeniWallet @sirmapy, @Piuspaul_space, @Eze_Wilberforce, @DPatient_Bull, and Pa.

RT @saintjamesIX: @theCryptoTrybe Here’s the Link to our Community on Telegram. You could send a DM to the Crypt….

Some control the order books. Others rely on smart contracts. But both are shaping the cycle!. Today 10:00AM WAT, join us for.The state of the Market: CEX or DEX: Where the Bullrun will Print Most. Set a reminder and Tag 3 Friends.

10/ Testnet.Testnet is short for “test network”. It is a separate version of a blockchain used only for testing and experimentation. It works almost exactly like the mainnet, but instead of using real cryptocurrency with real value, it uses fake coins that are free and meant for.

9/ Non-Fungible Token (NFT).This is a token standard introduced by the ERC721 proposal. NFTs can be tracked and traded, but each token is unique and distinct; they are not interchangeable like ERC20 tokens. NFTs can represent ownership of digital or physical assets.

8/ Mainnet.Mainnet is a term used to describe a working, fully-operational blockchain. In a mainnet, cryptocurrency transactions are verified and recorded to the blockchain. You Use mainnet when you’re ready to move and value real assets by investing, trading, minting/buying.

7/ Wallet.A wallet is a software that holds secret keys. It is Used to access and control accounts and interact with smart contracts. Keys need not be stored in a wallet, and can instead be retrieved from offline storage (e.g., a memory card or paper) for improved security.

6/ Proof of Work Vs. Proof of Work Nonce. Proof of Work (PoW) is a system that requires computers (miners) to do a significant amount of work before they can add a new block to the blockchain. In Bitcoin, Ethereum (before its move to Proof of Stake), and other crypto networks,.

5/ Mining.Mining is the process of repeatedly aggregating transactions, constructing a block and trying different nonces until a nonce is found that satisfies the proof of work condition. In simple terms, mining works like this. ☑️Miners gather recent transactions from the.

4/ Nonce .A nonce is the web3 word coined from “number used once”. It is a random number that miners change repeatedly when trying to create a valid block in proof of work blockchains.

3/ Faucet. Faucet is a service that dispenses funds in the form of free test tokens that can be used on a testnet of its corresponding blockchain. So, If you want to test sending Ethereum but don’t want to use your real ETH, you can go to a testnet faucet, get free “fake ETH,”.

2/ DAO. DAO stands for Decentralized Autonomous Organization. This term became more popular with the advent of the @TonxdaoApp telegram bot. A DAO is company or other organization that operates without hierarchical management. It is like a company run by its community instead.