scholareum
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scholareum posted an update
1 week, 4 days ago“You can’t stop things like Bitcoin. It will be everywhere, and the world will have to readjust.” – John McAfee
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scholareum posted an update
1 week, 4 days ago“Blockchain solves the problem of manipulation. In the West, people trust Google, Facebook, and their banks. But around the rest of the world, people don’t trust their corporations that much.” – Vitalik Buterin
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scholareum posted an update
1 week, 4 days ago“Bitcoin gives us, for the first time, a way for one internet user to transfer a unique piece of digital property to another internet user, such that the transfer is guaranteed to be safe and secure.” – Marc Andreessen
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scholareum posted an update
1 week, 4 days ago“Bitcoin is a remarkable cryptographic achievement, and the ability to create something that is not duplicable in the digital world has enormous value.” – Eric Schmidt
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scholareum posted an update
1 week, 4 days ago“Blockchain is the biggest opportunity set we can think of over the next decade.” – Bob Greifeld
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scholareum posted an update
1 week, 4 days ago“Blockchain is the tech. Bitcoin is merely the first mainstream manifestation of its potential.” – Marc Kenigsberg
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scholareum posted an update
1 week, 4 days ago“We have elected to put our money and faith in a mathematical framework that is free of politics and human error.” – Tyler Winklevoss
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scholareum posted an update in the group Blockchain Hub
1 week, 6 days agoEssential Frontend Technologies for Blockchain and Cryptocurrency Applications:
When building frontends for blockchain and cryptocurrency applications, you need technologies that enable seamless interaction with decentralized systems, user-friendly interfaces and robust security. Here’s a list of relevant frontend technologies:
1. Frameworks a…[Read more]
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scholareum posted an update in the group Blockchain Hub
1 week, 6 days ago$AAVE is known for:
a) Decentralized lending and borrowing.
b) Enabling inter-blockchain communication.
c) Creating a decentralized storage network.
d) Being the first meme coin.Correct Answer: a) Decentralized lending and borrowing.
Explanation: Aave ($AAVE) is a decentralized finance protocol that enables users to lend and borrow…[Read more]
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scholareum posted an update in the group Blockchain Hub
1 week, 6 days ago$XTZ is unique for its:
a) Meme-driven popularity.
b) Self-upgradable blockchain technology.
c) Focus on storing large files.
d) High-speed cross-border payments.Correct Answer: b) Self-upgradable blockchain technology.
Explanation: Tezos ($XTZ) allows its blockchain to upgrade itself without requiring hard forks, ensuring adaptability and innovation.
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scholareum posted an update in the group Blockchain Hub
1 week, 6 days ago$LTC is often referred to as:
a) Digital Silver to Bitcoin’s Digital Gold.
b) The fastest meme cryptocurrency.
c) A stablecoin pegged to fiat currency.
d) A blockchain exclusively for NFTs.Correct Answer: a) Digital Silver to Bitcoin’s Digital Gold.
Explanation: Litecoin ($LTC) is considered digital silver because it was created as a fas…[Read more]
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scholareum posted an update in the group Blockchain Hub
1 week, 6 days ago$DOT’s primary goal is to:
a) Compete with Ethereum directly.
b) Build the Internet of Blockchains through interoperability.
c) Enable high-speed payments like $XRP.
d) Act as a stablecoin for cross-border trade.Correct Answer: b) Build the Internet of Blockchains through interoperability.
Explanation: Polkadot ($DOT) connects multiple…[Read more]
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scholareum posted an update in the group Blockchain Hub
1 week, 6 days 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: $UNI is the governance token for Uniswap, a leading decentralized exchange enabling peer-to-peer cryptocurrency trading.
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scholareum posted an update in the group Blockchain Hub
1 week, 6 days ago$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 ($LINK) provides a decentralized oracle network, allowing smart contracts to securely interact with real-world data and APIs.
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scholareum posted an update in the group Blockchain Hub
1 week, 6 days ago$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 ($SOL) is celebrated for its high-speed transactions and…[Read more]
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scholareum posted an update in the group Blockchain Hub
1 week, 6 days ago$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
1 week, 6 days 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
1 week, 6 days 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
1 week, 6 days 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
1 week, 6 days 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]