🧵 Welcome to Blocked! A new educational interactive platform about everything #blockchain for those who know nothing about crypto and for those who simply want to learn.
Honestly, for anyone.
Rolex NFTs are being used as DeFi loans ⌚️🤯
The platform providing #NFT liquidity now allows users to borrow crypto liquidities with a luxury watch as collateral 🤑
📝Term of the day: Liquidation Threshold
The liquidation threshold represents the percentage where a position in a lending protocol is considered undercollaterized. This number varies from platform to platform.
📝 Term of the day: #Crypto futures
Crypto futures are contracts for future sales of digital assets. This kind of derivative entails an agreement between two users, a buyer, and a seller, for an asset of their choice to be sold at a specific price and on a specific future date.
📝Term of the day: Shill
In #crypto, shilling refers to promoting a crypto asset via implicit advertising to encourage potential investors to financially commit. Those who are paid to promote particular crypto assets are also known as shillers.
📝Term of the day: Proof-of-Personhood
Proof-of-Personhood, or PoP, is an identity verification mechanism ensuring that every user who is part of a network is unique and has a singular identity.
📝Term of the day: #Bitcoin Maximalist
Bitcoin maximalists are users that believe that Bitcoin is the only cryptocurrency that is necessary and all other assets are inferior.
📝Term of the day: Vaporware
Vaporware refers to a product, software or project that has been widely advertised but never actually launched and solves an exaggerated or non-existent problem.
🎉 Happy 11th birthday to $XRP - the brainchild of the #Ripple team! 🎂
Here are some facts about this legendary cryptocurrency:
💡XRP operates on the XRP Ledger blockchain but is still utilized by the Ripple ecosystem.
💡The unique XRP Ledger Consensus Protocol powers the XRP Ledger. It prioritizes correctness, agreement & forward progress and can handle participants joining, leaving or behaving inappropriately without preventing the ledger from making progress.
📝Term of the day: Weak Hands
Weak hands is a term used to describe users that sell their assets the moment their prices start going down. There’s also term that describes the opposite, diamond hands 💎
BotBasher joined Sei's Discord server🔨🤖
What is it, you ask?
🤖Private biometric authentication;
🤖Guaranteed role assignment to unique users only;
🤖Account verification that works across all Discord servers.
Learn more 👇
Sei has integrated @humanode_io BotBasher into its Discord server, and decided to fully embrace it across its entire ecosystem for Sybil-resistance! 🎉
Follow this thread. 🧵 (1/9)
📝Term of the day: No-coiner
No-coiner is a part of the #crypto slang collection. This term is used to describe those who are critical of cryptocurrency and think that it doesn’t carry any value.
More chapters are coming soon! Have you already checked out all of the chapters dedicated to the Sei testnet missions?
If not here they are 📚👇
⚓️Sei:https://t.co/OvxdJxu2m0
✨Kryptonite:https://t.co/9t9HGezOmb
🏴☠️SparrowSwap:https://t.co/3MD12SMwG7
📝Term of the day: Flippening
Flippening is a term that originated in 2017 and refers to a potential switch of the two largest cryptocurrencies, Ethereum and #Bitcoin. This means that #Ethereum would take Bitcoin’s number one spot by market cap.
🗞 Gemini, a crypto exchange created by the Winklevoss twins, has officially picked the location for its European headquarters. Gemini has also become the first firm registered by the Central Bank of Ireland as a Virtual Asset Service Provider.
Awesome meeting this morning with @LeoVaradkar, the Prime Minister of Ireland. We talked about the profound promise of crypto and the importance of common sense regulation to realize that promise. We believe MiCA is that common sense regulation. We also announced that @Gemini has made Ireland its European HQ. Onward!
��📰 #Crypto News of the (Last) Week
🗞Nike’s web3 platform .SWOOSH launched its first NFT collection dedicated to sneakers. So far the launch brought about more than $1 million in sales where more than half of the collection has been sold.
🗞Binance has announced its new product, the Binance NFT Loan. This feature allows users to borrow crypto while using their NFTs as collateral. Binance is offering instant borrowing, zero gas fees, liquidation protection and competitive interest rates.
📝Term if the day: Cryptojacking
#Cryptojacking, or malicious cryptomining, referes to a cybercrime where a hacker accesses user’s computing power and uses it for their own mining operations.