Melon.web3 🟥🎩🦊 on Warpcast

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https://warpcast.com/~/channel/degentokenbase

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Melon.web3 🟥🎩🦊

🟥MELONGAME🟥 🟪Q&A, learning with MELON 🟩Answer questions in the same comment plis 🎩 🟧Lets play, hit PLAY on the Frame 🎩🎩🎩 Each correct answer gets DEGEN I OVERTURN IN 4 HOURS, WITH ME RIFLE🟥 https://melon-games.vercel.app/qa?img=9

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5.True. A node in the Ethereum network is a program that runs the Ethereum client, participating in the verification, propagation, and transmission of transactions and blocks across the network.

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1.ERC-20 tokens are a standard for fungible tokens on the Ethereum blockchain. They enable developers to create tokens that can be exchanged, transferred, and interacted with using smart contracts. The purpose of ERC-20 tokens is to provide a common set of rules for Ethereum-based tokens, ensuring compatibility and interoperability within the Ethereum ecosystem.

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Hasni Malik 🎭🎩💰🥳

4.main function is to pay for the computational power. 5. True (2)

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Cuculaxz 🎩🍖🎭 Ⓜ️

1. ERC-20 tokens are standardized digital assets on Ethereum used for decentralized apps, fundraising, and seamless trading within the ecosystem. 2. DeFi, NFT, and Decentralized Social Networks 3. A smart contract is a self-executing code that runs on a blockchain and automatically enforces agreed-upon rules between parties. 4. The main function of gas fees in Ethereum is to compensate miners for validating and executing transactions on the Ethereum blockchain. 5. True

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Martin🎩🍓🍖🔵🟢

I hope these answers are valid! 1. ERC-20 tokens are a standard for creating fungible tokens on Ethereum, enabling developers to build decentralized applications with tradable tokens. 2. Three examples of decentralized applications (dApps) on Ethereum are: - DAOs (decentralized autonomous organizations) - CryptoKitties (a blockchain-based game) - Compound (a decentralized lending platform)

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vpc.degen.eth 🎩

4. Gas fees are transaction costs on the Ethereum blockchain, paid in Ether (ETH) or its fraction, gwei. These fees serve as a form of remuneration for validators who maintain and secure the network. Gas fees fluctuate based on supply, demand, and network capacity, and may increase during periods of network congestion

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vpc.degen.eth 🎩

1. What Is ERC-20? ERC-20 is the technical standard for fungible tokens created using the Ethereum blockchain. A fungible token is one that is exchangeable with another token, whereas the well-known ERC-721 non-fungible tokens

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Panji 🟡 ⌐◨-◨

1. Defines rules for Ethereum-based token creation & interaction 2. Uniswap, Aave, CryptoKitties 3. It's a self-executing contract with the terms of the agreement directly written into code.

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Sincan ⌐◨-◨ツ🎩🐻

@sincancuan.eth

1. ERC-20 tokens are built on the Ethereum network and they are used for a variety of purposes like as a medium of exchange, a unit of account, or a store of value. 2. CryptoKitties, UniswapV2, UniswapV3 3. A smart contract is a self-executing contract with the terms of the agreement directly written into code.

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3.) A smart contract is a computer program or transaction protocol designed to automatically execute, manage, or record events and actions based on the terms of a contract or agreement. I definitely learnt something here

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4. The main function of gas fees in Ethereum is to compensate miners for the computational work required to process transactions and execute smart contracts on the network.

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Martin🎩🍓🍖🔵🟢

3. A smart contract is a program that automates the execution of a specific agreement or rule, ensuring transparency and tamper-proof execution. 4. Gas fees in Ethereum incentivize miners to validate transactions and smart contracts, ensuring the network's security and decentralization. 5. TRUE. Nodes on the Ethereum network validate transactions, execute smart contracts, and store a copy of the blockchain, ensuring decentralization and consensus.

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Panji 🟡 ⌐◨-◨

4. In Ethereum, it used tp pay for transaction processing and network security. 5. True

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@themuyideen.eth

1. ERC-20 tokens are a standard for fungible tokens on the Ethereum network ensuring interoperability and compatibility. They're widely used for ICOs, utility tokens, and DeFi applications, providing a common set of rules and functionalities

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Syubidab 🎩💛⌐◨-◨ ツ

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Syubidab 🎩💛⌐◨-◨ ツ

4. Gas fees are transaction costs on the Ethereum blockchain, paid in Ether (ETH) or its fraction, gwei. These fees serve as a form of remuneration for validators who maintain and secure the network. Gas fees fluctuate based on supply, demand, and network capacity, and may increase during periods of network congestion

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Syubidab 🎩💛⌐◨-◨ ツ

3. smart contracts are just simple computer codes that are run on the blockchain, and they are self-executable when we meet certain conditions. They are immutable, transparent, and, most importantly, they are decentralized

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Syubidab 🎩💛⌐◨-◨ ツ

2. uniswap, 1inch , Aave

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