A whale is a word used in the cryptocurrency ecosystem to describe people or organisations who own significant quantities of cryptocurrencies and have the ability to affect the value of their holdings.
A hard cap is the maximum number of tokens the project expects to sell to end the initial financing round.
Following the popularity of Dogecoin and Shiba Inu, Dogelon Mars is one of the numerous dog-themed memecoin ideas to emerge in 2021. Dogelon, on the other hand, has loftier goals than the rest of the group — the project's declared goal is to establish a "space theme-related money" that future space colonists may spend on Mars and beyond. However, as of early 2022, the project's principal token, ELON, has few real-world use cases, and several of the project's aims are plainly intended to be ironic. However, Dogelon Mars' ardent backers may eventually guide the project into other options, earthbound or elsewhere.
Dogecoin (DOGE) began as a mockery of cryptos, namely the abundance of altcoins. DOGE's creators have openly claimed that the currency was a joke, and the currency hasn't had a substantial technological upgrade since 2015. Despite these truths, market forces have kept this cryptocurrency alive. According to the creators, it was never about the value of DOGE, but more about introducing people to the world of cryptocurrencies through a face many were already familiar with from an online meme – Doge. The creators aimed to overcome the hurdles to access Bitcoin and other cryptocurrencies, such as news of breaches and frauds, as well as technological complexity. For that purpose, they built a colorful and welcoming coin to welcome newbies to the cryptocurrency space.
Centralized networks are based on a single, centralized server/master node that conducts all significant data handling and stores data and user information that other users may access. Client nodes can then link to the main server and submit data requests rather than performing them directly. The vast majority of web services, such as YouTube, a video streaming service, or your online banking account, are controlled by a centralized network owner, which means that all data exchanges inside these networks must be verified by a third-party authority. Centralized networks are now the most common sort of network on the internet. These networks rely on a single network owner to link all of the other satellite users and devices, indicating that there is a single point of failure which can be used to enter and attack the overall structure.
Wrapped Bitcoin (wBTC) is an Ethereum-based token created from bitcoin (BTC) during a 1: 1 relationship that will be used in the growing Ethereum ecosystem for DeFi applications. With wBTC, bitcoin owners can participate in borrowing, crop yielding, margin trading, and other fixed financial features (DeFi). Decentralized finance (DeFi) has shown significant growth in the Ethereum blockchain, and bitcoin wrapped (wBTC) provides a partnership between Bitcoin and Ethereum, allowing bitcoin owners to participate in the growing Ethereum system. The wBTC protocol converts bitcoin into a wBTC token on Ethereum that can be used for limited trading (DEX) and fixed applications (dApp) running on Ethereum.
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