added by Marcel Mairhofer · updated 2y ago
Blockchain & Crypto 101: Guide for Beginners | Binance Academy
- Somehow, over time, the word ‘staking’ has been repurposed and redefined. Instead of receiving rewards for contributing to chain security with collateral at stake, modern “staking” just seems to mean idk we give you more coins as a reward if you don’t sell your current coins lol. In the example of the staking mechanism proposal for ApeCoin, staking... See more
from ApeCoin & the death of staking by Cobie
Dcmini added
- Web3 is an extension of cryptocurrency, using blockchain in new ways to new ends. A blockchain can store the number of tokens in a wallet, the terms of a self-executing contract, or the code for a decentralized app (dApp). Not all blockchains work the same way, but in general, coins are used as incentives for miners to process transactions.
from What Is Web3? by Harvard Business Review
Danielle Vermeer added
Marcel Mairhofer added