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Melon.web3 πŸŸ₯🎩🦊 pfp
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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Mary 🎩
@thegoldenbright
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, Uniswap, and MakerDAO 3. A smart contract is a self-executing contract with the terms of the agreement directly written into code. 4. The main function of gas fees in Ethereum is to compensate for the computational energy required to process and validate transactions on the Ethereum network. 5. True A node in the Ethereum network is a program that participates in the verification and transmission of transactions.
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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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samvox
@samvox
fantasticπŸ₯°
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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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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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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©
@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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Panji 🟑 βŒβ—¨-β—¨
@pramadan.eth
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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Cryptocraft πŸŽ©πŸ–
@fmlala
5. true
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Chaufi
@jauhsey
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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Chaufi
@jauhsey
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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ANDERSONπŸŸ£πŸŽ©β“‚οΈ
@bahdbaby
5. true
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Cryptocraft πŸŽ©πŸ–
@fmlala
4. The main function of gas fees in Ethereum is to compensate miners (or validators in Ethereum's proof-of-stake model) for the computational work required to process and validate transactions and execute smart contracts
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Cryptocraft πŸŽ©πŸ–
@fmlala
3. A smart contract is a self-executing contract with the terms of the agreement directly written into code. They automatically enforce and execute the terms of a contract when predefined conditions are met. Running on blockchain networks like Ethereum, smart contracts offer a secure, transparent, and tamper-proof way to handle transactions and other agreements without the need for intermediaries
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