Crypto space definition
They aim to reduce centralization as much as possible, typically giving the community the ability to govern the future of the DAO and its products by voting for or against any proposed changes or updates. Decentralized Decentralized is a word that is used to describe technologies that make use of distributed systems with the aim to provide increased security and redundancy, and to lessen a reliance on governing bodies and centralized intermediaries. DeFi DeFi, or Decentralized Finance, refers to the growing ecosystem of applications and services that leverage blockchain tech and cryptocurrencies to provide decentralized financial services to end users.
Typically deployed to the Ethereum network, hundreds of DeFi applications exist today that allow users to borrow, lend, and earn interest on cryptocurrencies. This is often used as a warning by cryptocurrency influencers to other investors, reminding us that there is no better substitute for due diligence than our own research. It is worth remembering that cryptocurrency influencers and media outlets can have different incentives and goals.
Ask yourself; is the news article or review I am reading unbiased, and factually correct? It allows developers to easily create digital currencies, which are immediately compatible with existing infrastructure. It allows for creation of unique, uncounterfitable tokens.
It can be used for creating digital collectibles and gaming items or to tokenize real-world unique items. It provides a runtime environment for developers to create trustless, decentralized applications on the Ethereum network. Fiat Fiat refers to types of money within the traditional financial ecosystem. Examples of fiat currencies are the US dollar and the euro.
Working with fiat currencies in the blockchain landscape typically requires trusting a centralized central entity to custody your funds. Fork A fork describes a situation where a blockchain experiences a change in the protocol that produces two parallel chains. Forks typically occur when crypto developers or communities decide that the protocol must be changed or updated in some way. FOMO Fear of missing out. In crypto markets, it usually refers to watching the tokens you do not own go through explosive upward price movements.
FUD Fear, uncertainty, and doubt—refers usually to information that is likely to push people toward a pessimistic view of the market. Fundamental analysis A method of evaluating the value of a given asset, as well as estimating its future performance. In the context of crypto projects, it takes into account such factors as the technological and innovative value of a product, the team behind it, or the token distribution model and its use cases.
Gas Refers to a fee charged for performing operations on Ethereum network—sending transactions and deploying and interacting with smart contracts. It is usually priced in Gwei, a small fraction of Ether. Gwei stands for Giga-wei, so wei. A halving occurs after , blocks have been mined since the last, which corresponds to roughly every 4 years.
The Bitcoin network started with a 50 BTC block reward and currently, after 3 halvings, it is at a level of 6. Hash rate Measuring unit of processing power—it tells how many network-specific calculations are done per second by the Bitcoin network.
A hash rate of 1 tera hash means the network can perform 1 trillion calculations in one second. HODL The term comes from misspelling the word hold. It refers to the action of not selling your cryptos, often in opposition to the current market trend. KYC KYC, or Know Your Customer, refers to the process by which a financial service provider must gather and verify information about their customers on registration.
Ledger A ledger refers to a database of transactions. In the context of cryptocurrencies, the ledger is the transaction history of a given cryptocurrency as stored on the blockchain. Liquidity Liquidity can refer to two things. Most commonly, it is used to describe the quality of a cryptocurrency to be freely bought and sold.
It can be used to mean the amount of cryptocurrencies available to trade within a liquidity pool on a decentralized exchange. Limit order An order placed on an exchange to buy or sell an asset at a certain price or better. A buy order will be executed at a target price or higher, while a sell will only occur at a chosen or lower price. Margin trading It is a method of trading that involves using borrowed funds. Compared to ordinary trading, it provides access to greater sums of money, allowing traders to leverage their positions and maximize their profits, while exposing them also to higher risks.
Market cap Market capitalization. The price of an asset multiplied by circulating supply represents the total value of a given asset and its market. It is often used as a measurement of a project's success. Mining Mining is the process of contributing computing resources to a blockchain network in order to create new blocks.
In exchange, miners earn rewards. Mining pool A mining pool is a group or community of miners that have pooled their computing or hashing power together. Since miners in proof-of-work blockchains all compete to be the first to create new valid blocks, pooling can help these participants increase or level out their mining profits. NFT A non-fungible token is a type of Ethereum token. These have seen significant traction over the last year as big names in the entertainment and art worlds have released their own artworks and digital collectibles, with some selling for millions of dollars on platforms like OpenSea.
Network fees A network fee is required to ensure your transaction is processed on the Bitcoin or Ethereum network. The fee is used as an incentive to reward network participants, like miners and validators, for processing transactions and helping to secure the network.
Node A node is a type of participant in the blockchain network that stores data and contributes to the consensus process to ensure that all new transactions and blocks are valid. Miners act as full nodes, but anyone may also operate a node to monitor the network without contributing computing resources.
Reading Time: 4 mins read Introduction Topology is an abstract field, but it has many real-world applications. As previously mentioned , the blockchain is a metric space using difficulty as its continuous function, generated by a compact and connected set of hash values. Play Now! Blockchains can therefore be said to lie in the public space.
Public space can be defined as the space generated by the public set, the set of all data that is publicly accessible The public space has no real structure or boundaries; it is compact, and its invariant is accessibility. To test whether or not given data is part of the public set, you simply try to acquire it. Could you be next big winner? The public space is not a true metric space; since not all of the information out there is cryptographic, we cannot measure how difficult it would be to decipher.
The connectedness of that space, however, is an interesting debate. Connectedness Most data enters the public space disconnected from the rest of the public set, such as the moment a new site goes live on the World Wide Web. It is extremely easy, however, to hash such web data and combine it with other hashes in a Merkle tree. You could hash the entire WWW together this way, which would connect its corresponding data elements. The benefit of doing this is verification: if you store a webpage after it is taken down, you can prove you have an authentic image of the original by comparing its hash value to the Merkle root calculated before.
This process is known as proof of existence, which can be topologically described as the connection of two data elements in the public set. You can do this at the cost of one Bitcoin transaction fee by inserting the web hash into it. It will be thereafter hashed together with the other Bitcoin transactions in that block, and become connected to the entire blockchain.
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This process is known as proof of existence, which can be topologically described as the connection of two data elements in the public set. You can do this at the cost of one Bitcoin transaction fee by inserting the web hash into it. It will be thereafter hashed together with the other Bitcoin transactions in that block, and become connected to the entire blockchain. You could then calculate the difficulty from the original data to the top hash of the latest block, which form the boundaries of a connected metric subspace.
Crypto Space People will inevitably want to backup their data to more than one blockchain as a failsafe; this effectively connects their data sets together to form a single metric subspace of the public domain. There are also several benefits to hashing one blockchain into another, the combined effect being that many blockchains will join together.
Soon, proof of existence will become standard practice. Using technologies like Factom , we can rapidly combine thousands of entry hashes together into a single Merkle root without relying on a central authority, making proof of existence even cheaper and more reliable. It will be as easy as using a Bitcoin wallet, and the costs will be negligible compared to the rewards. The end result is that most data in the public space will be connected.
We shall call the topological space generated by this data set the crypto space, in honor of the community poised to accomplish that. Predictions Hashing data is easy, so the crypto space grows much faster than the public space, and they will eventually approximate one another. How quickly public data enters the crypto set depends on its connectability, which is its tendency to utilize or be utilized for proof of existence.
Another lead factor in the connectability of data is authenticity. Authenticity refers to how likely data is to be authentic, a competition dominated by blockchain technology. We will have to rely on simulations and observation over a long period of time, but this is not unheard of in the hard sciences. The rarity levels range from six to seven.
Here are the chances for each rarity level for one spaceship: If a spaceship is unable to replenish its supply of ammunition in the middle of an encounter it will be removed from the fight to refill ammo. The normal reloading rate for spacecraft is three ammo every 10 seconds. You can equip your spacecraft with a basic unit to increase the speed of reloading.
Spaceships can continue the fight only after more than half of their ammunition is filled. You must manually add these spaceships back into the fight. So long as the spaceship is not in use during a battle it will be able to automatically load ammunition.
The firing rate of every spacecraft is determined by firing many times per second. The greater the rarity of spacecraft, the greater the speed of firing. Base Unit The base can be linked to a spaceship to speed loading ammo and can is also available as an NFT. Each base has a different level between Small Alpha 1,2,3 Medium Beta 1,2,3 as well as large Gamma 1,2,3.
The higher the grade of a base is the more ammo recovery speed that it gives. Because the base is an NFT, it is possible to buy or sell it and transfer it to or from your cryptocurrency wallet. Boss unit The Boss unit is an enemy your spaceship team must destroy. Every battle will be assigned an exact time, known as showtime.
You must take on the boss within the specified time. SPE reward will be awarded when you beat an opponent.
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It will be thereafter hashed together with the other Bitcoin transactions in that block, and become connected to the entire blockchain. You could then calculate the difficulty from the original data to the top hash of the latest block, which form the boundaries of a connected metric subspace.
Crypto Space People will inevitably want to backup their data to more than one blockchain as a failsafe; this effectively connects their data sets together to form a single metric subspace of the public domain. There are also several benefits to hashing one blockchain into another, the combined effect being that many blockchains will join together.
Soon, proof of existence will become standard practice. Using technologies like Factom , we can rapidly combine thousands of entry hashes together into a single Merkle root without relying on a central authority, making proof of existence even cheaper and more reliable. It will be as easy as using a Bitcoin wallet, and the costs will be negligible compared to the rewards.
The end result is that most data in the public space will be connected. We shall call the topological space generated by this data set the crypto space, in honor of the community poised to accomplish that. Predictions Hashing data is easy, so the crypto space grows much faster than the public space, and they will eventually approximate one another.
How quickly public data enters the crypto set depends on its connectability, which is its tendency to utilize or be utilized for proof of existence. Another lead factor in the connectability of data is authenticity. Authenticity refers to how likely data is to be authentic, a competition dominated by blockchain technology. We will have to rely on simulations and observation over a long period of time, but this is not unheard of in the hard sciences.
We can forecast astronomical events, climate change, and even the evolution of species. The crypto space will come to be as important as the crypto industry itself, one of the fabrics upon which society is built.
You can equip your spacecraft with a basic unit to increase the speed of reloading. Spaceships can continue the fight only after more than half of their ammunition is filled. You must manually add these spaceships back into the fight. So long as the spaceship is not in use during a battle it will be able to automatically load ammunition.
The firing rate of every spacecraft is determined by firing many times per second. The greater the rarity of spacecraft, the greater the speed of firing. Base Unit The base can be linked to a spaceship to speed loading ammo and can is also available as an NFT. Each base has a different level between Small Alpha 1,2,3 Medium Beta 1,2,3 as well as large Gamma 1,2,3. The higher the grade of a base is the more ammo recovery speed that it gives. Because the base is an NFT, it is possible to buy or sell it and transfer it to or from your cryptocurrency wallet.
Boss unit The Boss unit is an enemy your spaceship team must destroy. Every battle will be assigned an exact time, known as showtime. You must take on the boss within the specified time. SPE reward will be awarded when you beat an opponent. Its amount SPE reward varies with the boss you defeat as well as your chance. It is Space Metaverse uses two tokens for creating a circular economic system among all the user profiles that use its platform, namely Space Guardian and Landowners.
Space Guardian and Landowners.
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