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https://warpcast.com/~/channel/degentokenbase
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Melon.web3 πŸŸ₯🎩🦊
@melonweb3
πŸŸ₯MELONGAMEπŸŸ₯ πŸŸͺQ&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 RIFLEπŸŸ₯ https://melon-games.vercel.app/qa?img=9
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Godwin
@fatherwin
2. Mention 3 examples of decentralised applications (dApps) that can be developed on the Eth network Examples of dapps are: 1. DeFi applications 2. NFT marketplaces 3. DAO (Decentralized Autonomous Organizations)
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The Chosen 🎭🎩
@chosen-one
3. A smart contract is a self-executing contract with the terms of the agreement directly written into code. It automatically enforces and executes the terms and conditions agreed upon by the parties involved, eliminating the need for intermediaries.
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Gbade🎩 πŸ–πŸ’Έ
@gbade009
4. Gas fees in Ethereum serve as a way to compensate the network participants for the computational power required to process and validate transactions. It's like a transaction fee that users pay to miners to prioritize their transactions on the blockchain.
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KaⓂ️alπŸ”΅πŸŽ© pfp
KaⓂ️alπŸ”΅πŸŽ©
@kamadin.eth
1. ERC-20 tokens are a standard for interchangeable tokens on the Ethereum blockchain, ensuring they can be easily exchanged and used in Ethereum applications
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Patrick Star⭐🎩
@rendyns
1. ERC20 token is a standard for creating and issuing smart contracts on the Ethereum blockchain. 2. Compound, Silo Finance, Notional 3. A smart contract is a self-executing program that automates the actions required in a blockchain transaction. Once completed, the transactions are trackable and irreversible.
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Mohammed πŸ”΅ 🎩
@bigmoh
4.) Gas fees in Ethereum pay miners for processing transactions and prevent network abuse.
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Mohammed πŸ”΅ 🎩
@bigmoh
3.) A smart contract is a self-executing program on a blockchain that automatically enforces the terms of an agreement.
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Lurin 🎭 πŸ–β“‚οΈ
@olosteeze11
5. True
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Lurin 🎭 πŸ–β“‚οΈ
@olosteeze11
2. Aave, Yearn finance, MakerDAO
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MartinπŸŽ©πŸ“πŸ–πŸ”΅πŸŸ’
@martin-ben
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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Panji 🟑 βŒβ—¨-β—¨
@pramadan.eth
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 βŒβ—¨-β—¨γƒ„πŸŽ©πŸ»
@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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Abubakar🎩
@bigbenz
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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Godwin
@fatherwin
5. true or false. A node in the Ethereum network is a program that participates in the verification and transmission of transactions. The answer is True.
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Godwin
@fatherwin
3. What is a smart contract? A smart contract is a self-executing program that resides on a blockchain. 4. What is the main function of gas fees in Ethereum? Gas fees are a type of transaction fee that is paid to miners on the Ethereum network.
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Godwin
@fatherwin
1. What are ERC-20 tokens and what is their purpose in the Ethereum network? ERC-20 is a technical standard for fungible tokens on the Ethereum blockchain. Purpose: Utility tokens, Security tokens, Stablecoins,
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BossMAN
@boss-man
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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KaⓂ️alπŸ”΅πŸŽ©
@kamadin.eth
5. It’s true
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KaⓂ️alπŸ”΅πŸŽ©
@kamadin.eth
4. Gas fees compensate miners for validating transactions and securing the network. Additionally, they help prevent spam by imposing a fee for each transaction or operation performed.
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