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scholareum posted an update in the group Blockchain Hub
6 months, 3 weeks ago$UNI powers which platform?
a) Binance Smart Chain
b) Ethereum Classic
c) Uniswap, a decentralized exchange
d) Polygon Layer-2 solutionsCorrect Answer: c) Uniswap, a decentralized exchange
Explanation: $UNI is the governance token for Uniswap, a leading decentralized exchange enabling peer-to-peer cryptocurrency trading.
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indictube posted an update in the group Blockchain Hub
6 months, 3 weeks ago$AVAX is focused on:
a) Providing a decentralized storage network.
b) Enabling eco-friendly and scalable blockchain solutions.
c) Replacing Bitcoin as digital gold.
d) Facilitating global payments.Correct Answer: b) Enabling eco-friendly and scalable blockchain solutions.
Explanation: Avalanche ($AVAX) is designed for high-speed and…[Read more]
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scholareum posted an update in the group Blockchain Hub
6 months, 3 weeks ago$LINK connects smart contracts to:
a) Mining pools.
b) Physical gold reserves.
c) Real-world data and external systems.
d) Other stablecoins.Correct Answer: c) Real-world data and external systems.
Explanation: Chainlink ($LINK) provides a decentralized oracle network, allowing smart contracts to securely interact with real-world data and APIs.
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scholareum posted an update in the group Blockchain Hub
6 months, 3 weeks ago$SOL is known for being:
a) The slowest blockchain with the highest security.
b) A blockchain with self-upgradable technology.
c) A fast blockchain for decentralized apps.
d) A storage-focused cryptocurrency.Correct Answer: c) A fast blockchain for decentralized apps.
Explanation: Solana ($SOL) is celebrated for its high-speed transactions and…[Read more]
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scholareum posted an update in the group Blockchain Hub
6 months, 3 weeks ago$XRP is primarily used for:
a) Decentralized application development.
b) Transforming global payments.
c) Mining and staking rewards.
d) Creating stablecoins.Correct Answer: b) Transforming global payments.
Explanation: XRP is designed to facilitate fast and low-cost cross-border transactions, making it ideal for global payments.
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scholareum posted an update in the group Blockchain Hub
6 months, 3 weeks agoThe primary purpose of $FIL is to:
a) Enable high-speed payments.
b) Act as a meme cryptocurrency.
c) Decentralize data storage.
d) Facilitate inter-blockchain communication.Correct Answer: c) Decentralize data storage.
Explanation: Filecoin ($FIL) is designed to create a decentralized storage network where users can rent or provide storage…[Read more]
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scholareum posted an update in the group Blockchain Hub
6 months, 3 weeks ago$DOGE was originally created as:
a) A serious competitor to Bitcoin.
b) A joke or meme cryptocurrency.
c) A stablecoin backed by assets.
d) A privacy-focused blockchain.Correct Answer: b) A joke or meme cryptocurrency.
Explanation: Dogecoin ($DOGE) was created as a joke but has since gained widespread popularity and use in tipping and…[Read more]
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scholareum posted an update in the group Blockchain Hub
6 months, 3 weeks ago$MATIC is designed to:
a) Compete with Ethereum.
b) Improve Ethereum’s scalability.
c) Replace Bitcoin as a store of value.
d) Focus only on stablecoins.Correct Answer: b) Improve Ethereum’s scalability.
Explanation: Polygon ($MATIC) is a Layer-2 scaling solution that enhances Ethereum by enabling faster, more cost-effective transactions.
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scholareum posted an update in the group Blockchain Hub
6 months, 3 weeks ago$ADA prioritizes which of the following?
a) Sustainability and security.
b) Unlimited scalability with proof-of-work.
c) High transaction fees for miners.
d) Solely fast transactions, ignoring energy efficiency.Correct Answer: a) Sustainability and security.
Explanation: Cardano ($ADA) uses a proof-of-stake mechanism to ensure environmentally…[Read more]
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scholareum posted an update in the group Blockchain Hub
6 months, 3 weeks agoXRP vs SEC : Commodity vs Security
Imagine you’re at a family gathering, and your grandmother loves giving out special gift cards to family members. These gift cards can be used in different ways:
Gift Card (Security Scenario):
Suppose your grandmother buys special investment gift cards from a bank. These cards are like a promise – when she…[Read more]
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scholareum posted an update in the group Blockchain in India
6 months, 3 weeks agoBlockchain and Cryptocurrency in India: A Revolution in the Making
India, the world’s largest democracy, stands at the cusp of a digital revolution, with blockchain and cryptocurrency spearheading this transformation. From enhancing transparency in governance to revolutionizing industries, blockchain technology and cryptocurrencies have emerged…[Read more]
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scholareum posted an update in the group Blockchain Hub
6 months, 3 weeks agoLearn Truffle and Ganache
Boost your development workflow with Truffle—a powerful development environment, testing framework and asset pipeline for any EVM-compatible blockchain.
Truffle includes:
Built-in smart contract compilation
A scriptable migration framework
And moreOn the other hand, Ganache is part of the Truffle suite and is used f…[Read more]
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scholareum posted an update in the group Blockchain Hub
6 months, 3 weeks agoLearn How to Test Your Smart Contracts
Testing your blockchain Smart Contracts is crucial.
What sets blockchain apart is its non-reversibility: once a Smart Contract is deployed, it cannot be edited or recalled and deployment involves real costs (GAS fees).
That’s why it’s essential to thoroughly test your Smart Contracts before deploying the…[Read more]
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scholareum posted an update in the group Blockchain Hub
6 months, 3 weeks agoDevelop Your First Decentralized Application (DApp)
The best way to learn is by practicing and solving real problems—it’s how our brains retain information most effectively.
Start building your first DApps to solidify your understanding of blockchain development.
Take the freeCodeCamp course and develop 5 DApps to enhance your ski…[Read more] -
scholareum posted an update in the group Blockchain Hub
6 months, 3 weeks agoConnect Your DApp Frontend: Learn Web3.js or Ethers.js
Once you’ve mastered Smart Contracts, the next step is connecting your front-end to your Solidity (or similar) backend. This can be done using communication protocols like HTTP or WebSockets.
To achieve this, you can use one of two popular JavaScript libraries:
Web3.js
Web3.js is a c…[Read more] -
scholareum posted an update in the group Blockchain Hub
6 months, 3 weeks agoLearn Solidity by Creating Zombies
One of the most fun and effective ways to learn Solidity is through a gamified programming course. In this interactive experience, you’ll build Smart Contracts while creating a zombie factory—perfect for kickstarting your world domination plans!
Check out CryptoZombies—it’s completely free and a great way to…[Read more] -
scholareum posted an update in the group Blockchain Hub
6 months, 3 weeks agoLearn Solidity to Develop and Deploy Smart Contracts
Understanding Smart Contracts is just the beginning. As a Web3.0 or Blockchain Developer, you need to learn how to write and deploy your own. That’s where Solidity comes in.
Solidity is a high-level, contract-oriented programming language specifically designed for writing Smart Contracts. It e…[Read more]
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scholareum posted an update in the group Blockchain Hub
6 months, 3 weeks agoSoftware on the Blockchain: Smart Contracts
Ethereum and Smart Contracts go hand in hand—you need to understand both.
A Smart Contract is a program stored on a blockchain that automatically executes agreements when predefined conditions are met.
These contracts are typically written in languages like Solidity, Rust, or Vyper (a Python-based a…[Read more] -
scholareum posted an update in the group Blockchain Hub
6 months, 3 weeks agoLearn What Ethereum Is and How It Works
As a Web3.0 developer, understanding Ethereum is essential.
Ethereum is a decentralized software platform running on a network of computers. It ensures the replication and execution of small programs called Smart Contracts, which power decentralized applications (DApps).
To learn more, watch this…[Read more]
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scholareum posted an update in the group Blockchain Hub
6 months, 3 weeks agoLearn Backend Development?
While DApp backends differ significantly from traditional backends (as blockchain replaces centralized databases with decentralized data storage), many core technical principles remain the same.
Key Steps to Learn Backend Development
Understand how front-end and backend systems exchange data.
Learn essential skills:…[Read more]