Ethereum “ETH” is a public blockchain based platform for creating smart contracts (executable code ex. Applications, protocols). Smart contracts facilitate agreements and can automatically execute the terms/ payout. For example, your mom says she will pay you five dollars if you get an “A” on your report card. You could theoretically program an Ethereum smart contract to pay you automatically when the grade is reported. The contract is saved digitally and executes on its own.
Smart contracts can become even more complex by building out applications or protocols that govern themselves. Ethereum was proposed in 2013 by boy genius Vitalik Buterin at the age of 19. Lastly, Ethereum is ranked #2 under Bitcoin by marketcap.
A simple guide to claiming $UNI tokens after the September 16th airdrop.
On September 16th Uniswap launched their $UNI token to the public. However, in an unprecedented event the Uniswap team retroactively rewarded early users of the protocol by setting aside 400 $UNI tokens.
Any wallet that interacted with the Uniswap protocol before September 1st is eligible for the 400 $UNI tokens.
Dec 15 2020, Added Japanese support to mention auto reply bot
We have noticed an increased Japanese user base and would like to add support in Japanese.
DeFi Money Market DAO, known as DMM DAO “DMG”, is a new Defi product on the market backed by Tim Draper. Users are able to earn a 6.25% APY on ETH, DAI, and USDC, which is collateralized by interest-earning real world assets. DeFI is an acronym for Decentralized Finance. Decentralized Finance is the combination of financial digital assets, smart contracts (code based contracts), protocols (rules governing code), and Dapps (decentralized apps) that operate to provide financial services. DMM DAO is currently supported by vehicles and airplanes, and will possibly expand to real estate in the future.
Ethereum 2.0 refers to the major new updates coming to the Ethereum blockchain. The biggest change is the move from proof-of-work (mining) to proof-of-stake (staking) consensus mechanism. In short, the platform will remove the need for miners, and use staking to validate new blocks. The purpose for this transition is to improve the scalability and speed of the network. Sharding, another Eth 2.0 addition will process 64 independent proof of stake blockchains simultaneously. The beacon chain will coordinate all the sharded blockchains, in an effort to improve speed and scalability of the entire network.
Any users staking their Ethereum on the network can expect a return from 4%- 10% through staking pools. To run your own validator the network requires a minimum of 32 Eth.
Grayscale Investments has caused a ruckus lately due to the extreme premium of the Grayscale Investments’ Ethereum Trust (ETHE) over the underlying asset Ethereum (ETH). A premium is the difference between the price paid for a security traded (ETHE), and face value of the underlying asset (ETH). In this case, it costs 800% more to hold the equivalent of 1 ETH from purchasing ETHE. For the Grayscale Ethereum trust, 1 ETHE is worth 0.09485996 ETH. Many speculate, the cause of the premium hike is due to retail and institutional demand for Ethereum. Other Grayscale products such as GBTC, Grayscale Bitcoin…
Multi-collateral DAI (Dai) is a stablecoin (pegged to $1) backed by cryptocurrencies staked and locked up in MakerDAO’s (decentralized lending platform) defi protocol. The cryptocurrencies locked up always exceed the value of Dai in circulation providing a cushion for volatility, and the price to stay pegged near $1. If the value of Dai strays from $1 then pricing mechanisms flip on to correct the price. Often times Dai will be valued at anywhere from 99 cents to 1.01 dollars.
A Black Swan event is a financial term explaining an extremely random and unpredictable catastrophic event. These events have severe impact, and many claim that they were actually predictable in hindsight. The term was coined by Nassim Nicholas Taleb, a finance professor, author, and ex-Wall Street trader.
Unibright (UBT) is an enterprise framework for building blockchain solutions. Unibright allows blockchain based businesses to integrate with preexisting enterprise systems, without the need for code. For example, the supply chain team at Nike could build a solution without hiring a blockchain engineer to create the entire system. Instead, the team would use the Unibright visual flow designer to craft blockchain solutions and integrate them right into their system. The UBT token is used to power the smart contracts on a pay-per-use basis.