What is the Metaverse?
What is the Metaverse? A very simple question with a not so simple answer. The Metaverse is one of those things that seems difficult to get a handle on at first glance. Once you spend a little time looking at things, it becomes easier to absorb.
The Ethereum network will be updating its consensus mechanism from Proof of Work to Proof of Stake
A smart contract is a self-executing contract with the terms between involved parties being written into code.
A liquidity provision (LP), is an allocation of assets pooled on a decentralized exchange (DEX). That runs via an automated market maker (AMM) protocol. Which allows for trading of those assets.
A Sybil Attack is a type of attack on a peer-to-peer network where a malicious actor operates many fake identities simultaneously.
Web1 vs Web2 vs Web3 vs Web3.0: Part 3
Web3 and web3.0 (semantic web) have some key differences that may be small in nature. But they do have a different focus. The semantic web or Web 3.0 focuses on efficiency and intelligence, by reusing and linking data across websites. The decentralized web or Web3 focuses on empowerment and security: by giving power over data and identity back to the people. Quite important, too: they use different technologies to get there. Web3 is built on the blockchain. Web 3.0 uses data interchange technologies like RDF, SPARQL, OWL, and SKOS. An important consequence of this difference is that data in Web3(blockchain) is difficult to change (distributed over so many places) while data in Web3.0 is easy to change.
Stablecoins are digital representations of dollars, euros, or commodities pegged to the value of their backing. They're vital for interacting on a blockchain without subjecting yourself to the volatility of the crypto market.
MetaMask: Get Set Up
MetaMask is a free hot wallet for Ethereum. In addition to Ethereum, you can manually add other networks such as Binance Smart Chain or Avalanche Network. Check out our guide to get set up.