This Gate Learn article describes how to protect yourself from seed phrase scams with the five main factors to be on the lookout for when crypto investing and storing your assets.
Layer 2 is a protocol built on top of an existing blockchain (layer 1) for increased performance and output. This is achieved without compromising the security of the blockchain. With the rise in the number of users and transactions on layer 1 blockchains like Bitcoin and Ethereum, there is a need for increased throughput without compromising security and decentralization.
Yield Farming is an earning strategy in DeFi that allows crypto owners to receive rewards or other interest in exchange for lending or staking their funds.
The Internet of Things, IoT, is an innovative technology that describes the interrelation of different computer devices, machines, and objects with sensors..
An oracle in blockchain technology is a third-party service that provides external data to a smart contract, allowing it to interact with the real world.
The Bitcoin Lightning Network is a second-layer protocol that operates on top of the Bitcoin blockchain. It enables fast and cheap off-chain transactions.
The Bitcoin mempool is the pool of unconfirmed transactions on the Bitcoin network, where they wait to be picked up by a miner and included in the next block.
DAI is a decentralized stablecoin built through a smart contract on the Ethereum Blockchain. It aims to maintain a stable 1: 1 value against the US dollar.
A Replay Attack happens when a malicious party manages to intercept parts of a valid data transmission in order to bypass the cryptography in a blockchain.