oilbarrelcoin

@oilbarrelcoin

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Collect Creating Onchain Media with Pods — Lucas from UFO on Pods!

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https://wallet.coinbase.com/nft/mint/doodles

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https://wallet.coinbase.com/nft/mint/i-need-a-dollar

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https://wallet.coinbase.com/nft/mint/mistermiggles

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https://wallet.coinbase.com/nft/mint/eip155:8453:erc1155:0xc6a1f929b7ca5d76e0fa21eb44da1e48765990c5:0

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Mint Uni Zorb (Deluxe)

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What is meant by the term white paper? A white paper is a research-based report which offers a focused description of a complex topic and presents the point of view of the author or body represented by the author. The purpose of a white paper is to give readers understanding of an issue, which in turn helps them solve a problem or make a decision.

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What Is a Peer-to-Peer (P2P) Service? A peer-to-peer (P2P) service is a decentralized platform whereby two individuals interact directly with each other, without intermediation by a third party. Instead, the buyer and the seller transact directly with each other via the P2P service.

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What spot trading? Spot trading is the method of buying and selling assets at the current market rate – called the spot price – with the intention of taking delivery of the underlying asset immediately. Spot market trading is popular among day traders, as they can open short-term positions with low spreads and no expiry date.

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What is consensus crypto? In the blockchain, a consensus mechanism is a system that validates a transaction and marks it as authentic. This mechanism lists all valid transactions of a coin in a blockchain to build trust in the coin among traders.

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What is a CEX? In crypto, a CEX is an online trading platform that allows people connected to the internet to buy, sell, and swap cryptoassets. It is owned and operated by a private company, which means it is subject to the laws and regulations of every jurisdiction it operates in.

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A decentralized exchange (or DEX) is a peer-to-peer marketplace where transactions occur directly between crypto traders. DEXs fulfill one of crypto's core possibilities: fostering financial transactions that aren't officiated by banks, brokers, or any other intermediary.

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There are two prevailing approaches to managing the trading and transactions of cryptocurrency: centralized finance (CeFi) and decentralized finance (DeFi). CeFi has similarity to traditional forms of centralized finance, where banks and exchanges manage currency and transaction

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Decentralized finance (DeFi) is an emerging financial technology that challenges the current centralized banking system. DeFi attempts to eliminate the fees banks and other financial service companies charge while promoting peer-to-peer transactions.

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