https://decrypt.co/124100/making-crypto-wallets-smarter-ethereum #cryptonews #eth #someeofficial #hivelist #cent #pesos #vyb

greetings everyone

Today I will be lecturing on the ERC 1155 Token, If you are interested in learning how NFTs work, this is the foundational course.

The ERC 1155 token could be seen as a major token with roots in Ethereum

The lesson unfolds light on ERC-20 and ERC -721 tokens and we can reconcile this to the ERC 1155 because they can behave like the previously mentioned tokens or serve as both at the same time. This percept produces an intelligent planned network that can manage any amount of fungible and non-fungible tokens.

The lesson gives formats on the structure of the tokens and the same is applied here with the ERC-1155 token better explained in its derivation as EIP ie Ethereum Improvement Proposal from the nomenclature EIP- 1155.

There were necessities leading to the installation of these tokens since there were limitations to what the ERC-20 (fungible tokens ) and the ERC-721 (non fungible tokens ) were since they embody both features. For instance, the ERC 20 had a problem in the organization of transfers and brought huge undeniable losses when users made wrong transfers and the ERC-721 with identification issues therefore the ERC-1155 token was installed to help out with the shortcomings of these already existing tokens.

These already existing tokens were also unable to work with each other and so functions that needed both of them could be better solved with ERC 1155 which offers both features and leaves a very secure platform.

We could also refer to the NFT ENJIN that uses this token for service operations

#AweSME #NFT #SoMee #someeofficial #SME #

After a year and a half, Pulsechain and PulseX testnet/mainnet about to be launched. … somebody give me a big AMEN. Lol
Pulsechain is copying Ethereum, trying to get gas fees under control.
SoMeeiens, if the price dips at launch, you might take a look, long term play should be golden. Pulsechain and PulseX are associated with HEX.
Screenshot source CryptoGRFX.

What are Dapps?

We can define Decentralized apps (Dapps) simply to be computer application softwares, that work on decentralized systems while using peer-to-peer and open source systems and working with smart contracts.
These Dapps are stored and initiated on blockchains systems like Bitcoin or Ethereum and are used in Defi, a place for performing financial transactions in Dapps.

This app is so decentralized, to the extent that, if a messaging app is created on a blockchain, published messages by users can't be taken away even by the app developers and inventors

What is the working system of Dapps?

Dapps have their smart contracts work and develop on peer to peer networks (decentralized networks) while they utilize blockchains for keeping and securing of data and in times of app logic, they make use of smart contracts. These smart contract represent a pattern of regulations present in a blockchain and leading all users on how to run in the blockchain.

The Dapps on their own remain permanent once they are deployed on a network since they are controlled by smart contracts and not from a particular source

Differences between Dapps and other apps :

1. Decentralized apps work with smart contracts and in this way, doesn't require intermediaries to connect users with the application unlike other apps that require intermediaries for connection with users

2. Decentralized apps too have the ability to store value ie they have the capacity to store crypto assets and give back when the agreement reached has been met unlike other apps which may not be able to do so

3. Security, so to say is another basic difference between the two apps since Dapps make use of public backends which detect malicious activities and stop them but in normal centralized apps, such features are not seen

4. In responding to transactions, Dapps are renowned to be slower than normal /regular apps...eg Eth network that works on only 15 transactions every second and there is no sure bet of people's transactions, being included immediately since they are sent in blocks

I hope you learned a lot today. see you tomorrow.

#AwsSME #SME #someeofficial #crypto #trading

How do crypto projects make money?
⠀
Blockchain projects have become a radically new "business model" that has enormous potential to change any industry. And for the investors attracted to the projects, it is the potential that will later be realized in the form of profit that is an important factor when investing funds. The question arises: thanks to what do cryptoprojects generate income?

Mechanism for receiving and distributing blockchain funds (using Ethereum as an example):
Ethereum, like most other blockchains, consists of a network of validators, smart contracts, and users. When a user interacts with the network, they pay a transaction fee, also known as a "gas fee." A fee, a certain portion of which is "burned off" and another portion is given to the validators.

Common metrics for most projects when calculating the financial part:

Fees (gas fees): these are fees that users pay for using a protocol or network (gas fees in Ethereum, transaction fees in Uniswap, etc.). The fees are distributed as follows:

- A portion is given to validators who help run the network (validators on Ethereum, liquidity providers on Uniswap, etc.).
- Some of the money goes back to the token holders (often through token burns).
- Another type of expense is the creation of new tokens, which are created and paid to validators or miners.

But if we look at projects like CEX/DEX, the list of revenue sources can add:
- listing fees;
- withdrawal fees;
- market making possibilities.

What kind of product do blockchains create?

The product of any blockchain is the individual blocks in which transaction data is stored. If you want to complete a transaction, you need to buy space on the next block in the chain.

Let's take bitcoin as an example. Bitcoin has a memory capacity of 1 MB per block. There are 500 to 2,000 transactions per block, with a minimum storage size of 258 bytes. And in order to make a bitcoin transaction, you buy a block in its blockchain.

Ethereum, on the other hand, has smaller blocks - up to 80 KB. Depending on its complexity, its block can store from 2 to 200 transactions. Ethereum is much faster: in 10 minutes it carries out 4 MB of transactions, while Bitcoin has only 1 MB. More transactions per hour = more revenue (i.e. commissions).

In our new infographic you can see the ranking of projects by the amount of fees.

Ethereum core upgrade Shanghai which will allow validators to unstake their locked ethereum is scheduled to happen on April 12th this is one of the biggest upgrades anticipated by most ethereum holders.


#awesme #somee #crypto #ethereum


[Image source](https://www.instagram.com/reel/Cp4_MxCo4OZ/?igshid=YmMyMTA2M2Y=)

#Arbitrum just announced their highly anticipated $ARB airdrop.
It's set to be one of the biggest airdrops in crypto history.

Arbitrum is one of the biggest Layer 2 of #Ethereum in terms of TVL (total value locked).

---- WHAT IS #ARB? ----

It is arbitrum's new token, which is being airdropped to eligible community members on Thursday, March 23.

Arbitrum is transitioning to a DAO model, of which ARB will be the governance token.

This enables decentralised proposals & protocol upgrades.

Coinbase's Delisting Six Ethereum-Based Altcoins | Crypto Mash | #CryptoMash #CryptoMashNews #CryptoNews #CryptocurrencyNews #Crypto #Cryptocurrency #ViralNews #TrendingNews #Viral #Trending
https://youtu.be/TGVIS0uaJPc

Hi Guys, had some Great AMAs today for the project. Here is a short update video and tweet to check out any likes or retweets on either is much appreciated if you have time.
Thanks Chris
https://youtube.com/shorts/zJ8ymK3wm6E
https://twitter.com/CCCK78Youtube/status/1636179405692125185?s=20
#squidnetworketh #squidnetwork.net #crypto #ethereum #somee #sme #awesme #someeofficial

Hi Guys,
Reminder next @squidnetwork.net AMA is at https://t.me/whalecointalk come check out all new utility and items coming.
https://squidnetwork.net
#squidnetworketh #squidnetwork.net #crypto #ethereum #somee #sme #awesme

Hello There! Did you know that #SoMee has a token in Ethereum https://www.coingecko.com/es/monedas/somee-social
AND THAT IT IS 112% UP THIS MONTH?

Hello There! Did you know that <a href="https://somee.social/search/hashtag/SoMee">#SoMee</a> has a token in Ethereum<i class="twa twa-backhand-index-pointing-right"></i> <a target='_blank' rel='nofollow' href="https://www.coingecko.com/es/monedas/somee-social">https://www.coingecko.com/es/monedas/somee-social</a><br />
AND THAT IT IS <i class="twa twa-dollar-banknote"></i> 112% UP THIS MONTH? <br />
<br/>Hello There! Did you know that #SoMee has a token in Ethereum https://www.coingecko.co
----------- REFERENT URL ---------------
https://somee.social/search/hashtag/SoMee
https://www.coingecko.com/es/monedas/somee-social

OATH is a decentralized, blockchain-based dispute resolution platform that aims to provide a fair, transparent, and accessible alternative to traditional legal systems. The platform leverages the power of smart contracts and blockchain technology to provide users with a decentralized arbitration and governance system that is fast, efficient, and cost-effective.

The OATH platform is built on top of the Ethereum blockchain and is powered by the OATH token. The OATH token is an ERC-20 token that serves as the primary means of exchange within the OATH ecosystem. It is used to pay for arbitration services, participate in governance, and incentivize participation in the ecosystem.

One of the key features of the OATH platform is its decentralized arbitration system. The platform allows users to create and customize their own arbitration contracts, which are then stored on the blockchain. The arbitration process is carried out by a panel of randomly selected jurors, who are incentivized to provide fair and impartial rulings through the use of the OATH token.

The OATH platform also features a decentralized governance system that allows users to participate in the decision-making process of the platform. Users can use their OATH tokens to vote on platform upgrades, changes to the arbitration process, and other important decisions.

In addition to its decentralized arbitration and governance systems, the OATH platform also offers a range of other features and benefits. These include:

Fast and efficient dispute resolution: The OATH platform is designed to provide fast and efficient dispute resolution services, with cases typically resolved within a matter of days.

Lower costs: The decentralized nature of the OATH platform means that arbitration services can be provided at a lower cost than traditional legal systems.

Transparency: The use of blockchain technology ensures that all arbitration contracts and rulings are transparent and publicly accessible.

Flexibility: The OATH platform allows users to create and customize their own arbitration contracts, providing a high degree of flexibility and customization.

Overall, the OATH platform represents an innovative and promising solution to the challenges of traditional legal systems. Its decentralized arbitration and governance systems, combined with its focus on transparency and efficiency, make it an attractive option for anyone looking for a fair, cost-effective, and accessible alternative to traditional legal systems.

More Crypto Predictions
https://www.analyticsinsight.net/the-man-who-predicted-the-2022-bear-market-now-predicts-that-renq-finance-renq-and-ethereum-eth-will-be-the-catalysts-for-the-next-bullrun-in-2023/
#crypto #bullrun #somee #awesme #sme

Liquity LQTY: A Revolutionary Solution to Crypto Volatility

Cryptocurrencies have revolutionized the way we think about finance, but the volatility of the market has always been a major issue. Enter Liquity LQTY, a revolutionary cryptocurrency that seeks to solve this problem by introducing a new stability mechanism that is both effective and sustainable.

Liquity LQTY is a decentralized lending protocol built on the Ethereum blockchain. It is designed to provide users with access to low-interest loans without the need for collateral. The protocol uses a unique stability mechanism called the Stability Pool, which provides stability to the LQTY token.

The Stability Pool is funded by users who deposit LUSD (the stablecoin of the Liquity protocol) into the pool in exchange for LQTY tokens. These tokens are then used to pay off the debt of borrowers who have been liquidated due to market volatility. By doing so, the Stability Pool helps to stabilize the price of LQTY and prevent it from experiencing sudden drops in value.

Another key feature of Liquity LQTY is its low interest rates. Unlike other lending protocols that require collateral, Liquity LQTY allows users to borrow LUSD at a low interest rate of just 0.5% per year. This makes it an attractive option for users who want to borrow money without the risk of losing their collateral due to market volatility.

The Liquity protocol is also highly decentralized, meaning that it is not controlled by any central authority. This makes it more secure and resistant to censorship, as no single entity has the power to make decisions or manipulate the protocol.

The Liquity protocol has already gained significant traction in the crypto community, with its market capitalization reaching over $200 million in just a few months since its launch. This is a testament to the effectiveness and potential of the Stability Pool mechanism and the benefits it provides to users.

In conclusion, Liquity LQTY is a revolutionary solution to the issue of crypto volatility. Its unique stability mechanism, low interest rates, and decentralized nature make it an attractive option for users who want to access loans without the risk of losing their collateral. With the potential to disrupt the lending industry, Liquity LQTY is definitely a cryptocurrency worth keeping an eye on.