Crypto Academy Week 4 | Explain an Ethereum Project |

in SteemitCryptoAcademy3 years ago (edited)

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So far I have learned a lot from this initiative. It's a pleasure to learn new topics every week. Professor @gbenga's task this week is to explain a project in the Ethereum blockchain.

Since I will be discussing an Ethereum blockchain project, I will first discuss the Ethereum blockchain.

Ethereum blockchain

Ethereum is one of the most popular blockchain so far. Ethereum is an open-source decentralized platform. Which allows a developer to build a decentralized application without any centralized authority. If you create any Dapps in the Ethereum blockchain, that decentralized Application will run in smart contact without any downtime, fraud, or any third party control.

Dapps are simply apps that run decentralized server not traditional central server.

Ethereum launched in 2015 and pre-sale a year back in 2014 which got a lot of attention around the crypto world. Ethereum aims to create decentralized financial products worldwide, where everyone can access freely.

Ethereum has its native cryptocurrency that is Ether(ETH). Now this is the 2nd most popular cryptocurrency so far. Bitcoin is followed by eth. There are many projects in this blockchain that have reached their goal. Uniswap is one of them.

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Thanks for sharing about Uniswap. The post was detailed showing how to trade, the liquidity pool and many other part of the Uniswap Dex.

Question: Which would you prefer, a dex like Uniswap or a Dex like Bitshares.

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