Category: definitions
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Centralized vs. Decentralized Finance
Understanding Centralized and Decentralized Finance (DeFi) Introduction to Centralized and Decentralized Finance The evolution of financial systems has introduced two distinct models: centralized finance and decentralized finance (DeFi). Centralized finance refers to the traditional banking and financial system in which trusted institutions like banks, insurance companies, and investment firms facilitate transactions, manage capital, and offer…
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Solidity
Exploring Solidity Programming in Web3 What is Solidity? A Foundational Language in Web3 Solidity is a high-level programming language primarily used for writing smart contracts on the Ethereum blockchain and other Ethereum Virtual Machine (EVM)-compatible networks. Developed as an object-oriented language, Solidity is statically typed and influenced by popular languages like JavaScript, Python, and C++.…
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MetaMask
Understanding MetaMask What is MetaMask? MetaMask is a digital wallet and gateway to decentralised applications (DApps) within the Web3 ecosystem. Primarily designed as a browser extension and mobile app, MetaMask enables users to interact with the Ethereum blockchain, manage their digital assets, and access Web3 services directly from their devices. As one of the most…
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Anchor SDK
Understanding the Anchor SDK for Smart Contracts in Web3 The Anchor SDK has emerged as a powerful framework for building and deploying smart contracts in the Web3 ecosystem. With its suite of developer-friendly tools, Anchor enables a streamlined approach to creating secure, verifiable, and scalable smart contracts. Anchor is built with a focus on Rust…