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Melon.web3 ๐ŸŸฅ๐ŸŽฉ๐ŸฆŠ pfp
Melon.web3 ๐ŸŸฅ๐ŸŽฉ๐ŸฆŠ
@melonweb3
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Tanya๐ŸŽฉ
@djiva
4. Yes, Ethereum mining consumes less energy than Bitcoin mining, especially after Ethereum's transition to Proof of Stake.
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Tanya๐ŸŽฉ
@djiva
5. Ethereum does not have a fixed supply limit.
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law
@traguy.eth
5. Ether (ETH) does not have a fixed supply limit like Bitcoin. But then, its supply is controlled through various mechanisms including network upgrades and changes in issuance rates. The supply increases through mining rewards but can also decrease due to mechanisms like EIP-1559, and this burns a portion of transaction fees.
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@traguy.eth
1. Solidity is a statically-typed programming language designed for developing smart contracts on blockchain platforms like Ethereum. It facilitates the creation of self-executing contracts with the terms directly written into code. Solidity is influenced by JavaScript, Python, and C++, and it is used to implement sma... ๏ฟผ
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Danz ๐ŸŽฉ๐Ÿ–โ“‚๏ธ๐Ÿงพ pfp
Danz ๐ŸŽฉ๐Ÿ–โ“‚๏ธ๐Ÿงพ
@0xdanz.eth
5. Ethereum does not have a fixed supply limit for Ether.
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Danz ๐ŸŽฉ๐Ÿ–โ“‚๏ธ๐Ÿงพ pfp
Danz ๐ŸŽฉ๐Ÿ–โ“‚๏ธ๐Ÿงพ
@0xdanz.eth
4. Yes, Ethereum mining traditionally consumes less energy than Bitcoin mining due to different consensus algorithms (Proof of Stake vs. Proof of Work).
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Danz ๐ŸŽฉ๐Ÿ–โ“‚๏ธ๐Ÿงพ pfp
Danz ๐ŸŽฉ๐Ÿ–โ“‚๏ธ๐Ÿงพ
@0xdanz.eth
3. A DAO (Decentralized Autonomous Organization) is an organization represented by rules encoded as a computer program that is transparent and controlled by organization members rather than a central authority. It works on the Ethereum network by using smart contracts to automate decision-making processes and governance
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Danz ๐ŸŽฉ๐Ÿ–โ“‚๏ธ๐Ÿงพ pfp
Danz ๐ŸŽฉ๐Ÿ–โ“‚๏ธ๐Ÿงพ
@0xdanz.eth
2.Public Address: This is a string of alphanumeric characters that is used to receive Ethereum (ETH) or other tokens on the Ethereum network. It is derived from the public key and can be shared with others to receive payments.
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Danz ๐ŸŽฉ๐Ÿ–โ“‚๏ธ๐Ÿงพ pfp
Danz ๐ŸŽฉ๐Ÿ–โ“‚๏ธ๐Ÿงพ
@0xdanz.eth
1. Solidity is a programming language used to write smart contracts on the Ethereum blockchain.
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Panji ๐ŸŸก โŒโ—จ-โ—จ
@pramadan.eth
1. A programming language designed for creating smart contracts on the Ethereum blockchain. 2. A public address functions similar to a bank account number for Ethereum transactions, while a private key acts as the confidential password that permits these transactions. 3. A DAO represents a decentralized organization managed by regulations embedded within smart contracts on Ethereum. 4. Yes 5. .There is no fixed supply limit
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@freakyy
5.)The supply limit for ether is like the maximum number of tokens that can ever exist, just as there's a limit to how many words can fit in a word search puzzle.
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@freakyy
4.) ETH mining consumes less energy compared to BTC mining. This is mainly due to Ethereum's transition to a more energy-efficient consensus mechanism called Proof of Stake.
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freakyy๐ŸŽฉ
@freakyy
3.) A DAO in Ethereum is like a digital club where members vote using tokens to make decisions. It runs on smart contracts that handle the decision-making automatically.
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โ“‚๏ธStella๐ŸŽฉ
@rellaa
5. The supply unit for Ether is called "wei." It is the smallest denomination of Ether, similar to how a cent is the smallest unit of the dollar. 1 Ether is equal to 1,000,000,000,000,000,000 wei.
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Syubidab ๐ŸŽฉ๐Ÿ’›โŒโ—จ-โ—จ ใƒ„ pfp
Syubidab ๐ŸŽฉ๐Ÿ’›โŒโ—จ-โ—จ ใƒ„
@syubidab.eth
5. ethereum has no maximum supply limit
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Syubidab ๐ŸŽฉ๐Ÿ’›โŒโ—จ-โ—จ ใƒ„ pfp
Syubidab ๐ŸŽฉ๐Ÿ’›โŒโ—จ-โ—จ ใƒ„
@syubidab.eth
4. Some of the largest cryptocurrencies, like Litecoin, Dogecoin, and Ethereum, use a lot less energy for mining than the Bitcoin network
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โ“‚๏ธStella๐ŸŽฉ pfp
โ“‚๏ธStella๐ŸŽฉ
@rellaa
4. In general, Ethereum mining tends to consume less energy compared to Bitcoin mining.
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Syubidab ๐ŸŽฉ๐Ÿ’›โŒโ—จ-โ—จ ใƒ„ pfp
Syubidab ๐ŸŽฉ๐Ÿ’›โŒโ—จ-โ—จ ใƒ„
@syubidab.eth
3. A decentralized autonomous organization (DAO) is an emerging form of organizational structure with no central governing body and whose members share a common goal of acting in the best interest of the entity. Popularized by blockchain enthusiasts, DAOs make decisions using a bottom-up management approach
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freakyy๐ŸŽฉ
@freakyy
2.) public address in Ethereum is like your "username" for receiving ETH, and your private key is like a "super-secret password" to control your funds.
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