Yellow Page Gulf
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scholareum posted an update in the group Blockchain Hub
1 week, 1 day agoBitcoin’s Quantum Computing Resilience: Myth vs. Reality
In the rapidly evolving world of cryptocurrency, a new technological challenge has emerged that has sent ripples of concern through the digital finance ecosystem: quantum computing. Recent advancements by Google, particularly the development of the Willow quantum computing chip, have…[Read more]
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scholareum posted an update in the group Blockchain Hub
1 week, 1 day agoBlockchain is the ballot box of the digital age, where every vote counts, every decision is transparent, and governance is coded into consensus.
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scholareum posted an update in the group Blockchain Hub
1 week, 4 days 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
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: $UNI is the governance token for Uniswap, a leading decentralized exchange enabling peer-to-peer cryptocurrency trading.
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indictube posted an update in the group Blockchain Hub
1 week, 6 days ago$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 ($AVAX) is designed for high-speed and…[Read more]
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scholareum posted an update in the group Blockchain Hub
1 week, 6 days ago$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]
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scholareum posted an update in the group Blockchain Hub
1 week, 6 days 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]