
scholareum
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scholareum posted an update in the group Blockchain in India
6 months, 3 weeks agoDOGECOIN : The Story of Riya’s Funny Coupon
Riya loved making people laugh. One day, she created a coupon with a funny picture of her dog, Max, on it. She called it Dogecoin just for fun. At first, she gave these coupons to her friends as a joke, but then something surprising happened—people started trading them!
Her friends said, “We can use t…[Read more]
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scholareum posted an update in the group Blockchain in India
6 months, 3 weeks agoETHEREUM : The Story of Meera’s Smart Village
Meera lived in a small village where everyone often argued about agreements—like who owed money, who rented a house, or who borrowed a cow. These arguments wasted a lot of time.
One day, Meera had an idea. She created a big board in the village square and called it the Smart Board. On this board, vil…[Read more]
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scholareum posted an update in the group Blockchain in India
6 months, 3 weeks agoBITCOIN: The Story of Arun’s Digital Gold
Arun loved gold because it was valuable and could be traded for anything. But gold was heavy and hard to carry around. One day, Arun’s tech-loving uncle, Raj, said, “What if I told you there’s something like gold, but it’s digital? It’s called Bitcoin.”
Arun was curious. “How can something on th…[Read more]
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scholareum posted an update in the group Blockchain in India
6 months, 3 weeks agoCRYPTO WALLET : The Story of Rohan’s Treasure Box
Rohan loved collecting rare coins. He kept them safe in a small treasure box with a special key. Whenever he wanted to use a coin, he opened the box with his key, took out the coin, and then locked the box again.
One day, his friend Priya said, “I’ve started collecting digital coins. I don’t…[Read more]
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scholareum posted an update in the group Blockchain in India
6 months, 3 weeks agoBLOCKCHAIN : The Story of Maya’s Notebook
Maya lived in a small village. Every evening, she would sit under a big tree with her friends to trade fruits and toys. To keep track of who gave what to whom, Maya used a notebook.
One day, her friend Raju said, “What if Maya changes the notebook to show I owe her more toys than I actually do?” Eve…[Read more]
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scholareum posted an update in the group Blockchain in India
6 months, 3 weeks agoPioneering Blockchain Innovation: How India is Shaping the Future of Startups and Governance:
1. Developing a Regulatory Framework
India has taken steps to regulate cryptocurrencies and blockchain, though the process is ongoing.Introduction of the Digital Rupee (CBDC):
The Reserve Bank of India (RBI) launched the Digital Rupee pilot in 2022 for…[Read more] -
scholareum posted an update in the group Blockchain Hub
6 months, 3 weeks agoBlockchain Wallet Address Identifiers: A Comprehensive Guide to Cryptocurrency Address Prefixes
Ethereum (ETH)
Starts with: 0x
Example: 0x742d35Cc6634C0532925a3b844Bc454e4438f44eBitcoin (BTC)
Legacy addresses: 1
SegWit addresses (P2SH): 3
Bech32 addresses (Native SegWit): bc1
Examples:
Legacy: 1BvBMSEYstWetqTFn5Au4m4GFg7xJaNVN2
SegWit:…[Read more] -
scholareum posted an update in the group Blockchain Hub
6 months, 3 weeks 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
6 months, 3 weeks 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
6 months, 3 weeks 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
6 months, 3 weeks 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
6 months, 3 weeks 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
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.