Author: coinex24

SocialFi combines the principles of decentralized finance with social media. It empowers content creators by giving them control over their data and allowing them to directly interact with their users. Core features include tokenized social capital, blockchain-based data storage, and governance via decentralized autonomous organizations (DAOs). To gain mass adoption, SocialFi platforms must overcome two major challenges – scalability and economic sustainability. The overarching promise of SocialFi is a more transparent, equitable, and user-centric digital social media landscape. Web3 and Social Media At its core, Web3 aims to return data ownership and sovereignty to users instead of centralized corporations. This…

Friend.tech offers a novel way for creators to monetize content through tokenized attention, yet faces challenges regarding privacy and security. Using a unique system of ‘Keys’, friend.tech allows creators to monetize their influence while also providing users access to exclusive content. Despite its challenges, Friend.tech’s innovative approach to content monetization suggests a promising future, changing how social media and blockchain interact. What Is Friend.tech and How Does it Work? Friend.tech is a decentralized social token-driven app built on Base that allows creators to monetize their content or expertise. Creators connect to their online community through tokenized attention, where a creator’s…

No-code tools empower individuals to build decentralized applications without coding abilities No-code tools simplify complex Web3 processes, making blockchain more accessible to all There are various limitations associated with no-code tools, such as data security and limited functionality. What Are No-code Tools? No-code tools empower individuals to build applications, websites, or automate processes without needing to write code. They largely leverage a visual development environment, enabling users to design interfaces and workflows by dragging and dropping elements. No-code tools in the crypto space allow people without technical coding skills to interact with, build on, and leverage blockchain technologies. These platforms…

The definition of a node may vary according to the context. When it comes to computer or telecommunication networks, nodes may act either as a redistribution point or as a communication endpoint. Usually, a node consists of a physical network device, but there are some cases where virtual nodes are used. A network node is a point where a message can be created, received, or transmitted. Hereby we will discuss the different types of Bitcoin nodes: full nodes, supernodes, miner nodes, and SPV clients. Bitcoin Nodes Diving into the context of blockchains – which are designed as distributed systems -…

In short, a DoS attack (or Denial-of-Service attack) is a method used to disrupt legitimate users’ access to a target network or web resource. Typically, this is accomplished by overloading the target (often a web server) with a massive amount of traffic – or by sending malicious requests that cause the target resource to malfunction or crash entirely.  The first documented case of a Denial-of-Service attack was in February of 2000 when a 15-year old Canadian hacker targeted Amazon and eBay web servers with such an attack. Since then, more and more people have utilized DoS attacks to disrupt targets…

What is Device Fingerprinting? In computer science, fingerprinting refers to the process of creating unique identifiers – for all sorts of digital data. But when certain techniques are deployed to identify individual users or machines, we refer to them as browser or device fingerprinting. Essentially, the process consists of gathering information about a smartphone, computer, or other devices. Sometimes, this can be achieved even when the user’s IP address is hidden or when they change from one browser to another. For many years, web analytics services have been collecting devices and browser information, aiming to measure legitimate web traffic and…

Smart contracts are self-executing digital agreements on blockchains, such as Ethereum, that automate and enforce contract terms without intermediaries. Smart contracts offer transparency, security, decentralization, and efficiency. They have the potential to revolutionize industries and streamline traditional processes and transactions by eliminating the need for middlemen. What Is a Smart Contract? A smart contract is a digital agreement written in code, stored on a blockchain, and executed automatically without intermediaries. Powered by blockchain technology, smart contracts benefit from the blockchain’s security and transparency, providing users with a way to enforce agreements and streamline various processes. Smart contracts are particularly useful…

The Internet is a constantly evolving technology that continues to innovate. So far, we’ve experienced Web 1.0 and 2.0, and there’s much discussion of what to expect from Web3. Web 1.0 provided a static experience for users without the ability to create the content-rich sites we have today. Web 2.0 brought us together with social media and dynamic websites, but at the cost of centralization. Web3 looks to give us control of our online information and also create a semantic web. This means that machines will easily read and process user-generated content. Blockchain will provide the power for decentralization, free…

Nik Patel, also known as @cointradernik, is a full-time trader, investor, writer, and advisor in the cryptocurrency space. He has been actively involved in the cryptocurrency markets since 2013. Since then, Nik has built up a large following on Twitter, where he posts market insights alongside commented charts. He also writes coin reports and shares his market outlook on An Altcoin Trader’s Blog. Binance Academy had a chat with Nik about trading, investing, his overall strategies for the markets, and his lifestyle as a cryptocurrency trader and investor.  Binance Academy: How did you get started in trading cryptocurrencies? Nik Patel: Before…

What is Elliott Wave? The Elliott Wave refers to a theory (or principle) that investors and traders may adopt in technical analysis. The principle is based on the idea that financial markets tend to follow specific patterns, regardless of the timeframe. Essentially, the Elliott Wave Theory (EWT) suggests that market movements follow a natural sequence of crowd psychology cycles. Patterns are created according to current market sentiment, which alternates between bearish and bullish. The Elliott Wave principle was created in the ’30s by Ralph Nelson Elliott – an American accountant and author. However, the theory only rose in popularity in…