Cryptogenic.Anon

Navigating through the crypto legos

[Cryptogenic.Anon @cryptogenicanon]

@reddyismav Says the guy who's all time favourite movie is Housefull 4! 😛

[Dhee.eth 🦇🔊 is at @ns @DheerajShah]

We all know about NFTs!

But DeFi is an integral part of web3 which a lot of people are confused about.

We're doing DeFi 101(Hindi) on our Twitter spaces at 9:30 IST
w/ @Crypto_Wildwest @NirbhikJangid
@reddyismav
Do join 👇
https://t.co/9M5HEBMj3P

[reddyismav 🔭 @reddyismav]

A month has passed since my last post working @socketdottech.

It has been a hectic month for sure with a big release coming up. (V2 Incoming!!!)

My thoughts and views in the past month.

[Cryptogenic.Anon @cryptogenicanon]

A quick read into how the metaverses might shape up in the future to align on one virtual world with all services moving towards this one space. The space is surely in a nascent stage but the opportunities are truly endless.

https://t.co/PT3ntg9QPb

[Cryptogenic.Anon @cryptogenicanon]

Interesting quick read!

https://t.co/6e7lniaswJ

[reddyismav 🔭 @reddyismav]

I joined Matic Network, it got rebranded to Polygon Technology.

I joined Movr Network, it got rebranded to Socket Technology. @socketdottech

Jokes aside! Writing about the time spent working in @socketdottech

[Cryptogenic.Anon @cryptogenicanon]

It's so interesting to see that a retro-looking tool @CurveFinance packs in such a punch by keeping things simple but effective.

Let's hope that this DAO kicks in a way to give back some profits to the CRV token holders as well, in the near future!

[Cryptogenic.Anon @cryptogenicanon]

The ideology of resolving the conflicts in the mass payment space seems to be a good area to focus on.
But the complexities with which @terra_money handles the stable coin aspect seem to be a tad bit intermingled, from a personal point of view.

[Cryptogenic.Anon @cryptogenicanon]

@Algorand seems like an interesting bet with the future integration as CBDC solutions. The L1 L2 implementation with positioning as a "Carbon Negative" protocol seems to tick multiple correct boxes. But it's yet to be seen as to how the network effects turn out to be for them!

[Socket @SOCKETProtocol]

Our Co-founder @vaibhavchellani is going to be live with @bankless to discuss “The Great L2 Migration” with mega brains @ben_chain @hal2001 @arjunbhuptani @WhinfreyChris

📅 12-January
⏰ 7 PM UTC

YT Live link: https://t.co/V6j3dDpnpd

[Cryptogenic.Anon @cryptogenicanon]

And, the last standard which needs to be looked out for is ERC-1155 which basically provides the developer the power to use it similar to an ERC-20 token OR an ERC-721 token OR even both!

[Cryptogenic.Anon @cryptogenicanon]

When it comes to NFTs, they are unique and they represent the ownership of any form of art and the value is simply dependent on how the users perceive it to be.

[Cryptogenic.Anon @cryptogenicanon]

One can also configure blacklisted addresses from which the smart contract won't accept tokens. ERC 827 can help exchanges while ERC 884 can contribute towards KYC!

[Cryptogenic.Anon @cryptogenicanon]

Like for the tokens which are built on top of ETH, there is an ERC-20 standard that is applicable for the fungible tokens. Whereas, for creating NFTs, they can be on the ERC-721 standard.

[Cryptogenic.Anon @cryptogenicanon]

Crypto Tokens? Let's try to simplify them! #DYOR #JustOpinions

Now coming to the concept of Crypto Tokens, the basic differentiation is on the basis of whether it is Fungible or Non-Fungible.

[Cryptogenic.Anon @cryptogenicanon]

This basically states that like in the real world, a dollar is the same as any other dollar, similarly, 1 ETH is the same as any other 1 ETH.

[Cryptogenic.Anon @cryptogenicanon]

The last aspect can be seen as to how BAT has been integrated with the Brave browser. While the idea of having tokens as digital assets which can basically be exchanged for value gives rise to the concept of fungible tokens.