SKALE Network is an elastic blockchain network and Ethereum layer-2 scaling solution. Powered by the native SKL token, the SKALE protocol uses an Asynchronous Binary Byzantine Agreement (ABBA) consensus mechanism and a network of containerized validator nodes that can facilitate secure, zero-gas transactions with high throughput. The SKALE crypto ecosystem acts as an Ethereum-as-a-Service provider for Ethereum developers. Also, it enables developers to create custom sidechains with functionalities and parameters specific to the decentralized applications (dApps) they’re building. Moreover, these dApps are highly robust, secure, and scalable.
The Moonriver crypto ecosystem is the largest and most active decentralized finance (DeFi) ecosystem on the Kusama parachain. Providing a canary network for the upcoming Polkadot Moonbeam network, Moonriver is an Ethereum-compatible smart contract development environment. Further, the project facilitates seamless interoperability with existing applications on the Kusama parachain, external blockchains, plus its companion Moonbeam network. This is thanks to Moonriver smart contracts offering extensive Ethereum development tools. Also, the native Moonriver token (MOVR) is paramount to the smooth-running operations and functions of the Moonriver crypto ecosystem. The MOVR token holds several key responsibilities offering holders the chance to participate in securing and governing the network.
Fractionalized NFTs, or F-NFTs, are the new crypto sensation making plenty of waves in the rapidly growing NFT sector. Fractional ownership has started a revolution, and some projects have already profited handsomely off it. Take Dogecoin’s Shiba Inu meme, for example. The “DOG” NFT initially sold for $4 million in June of 2021. In only a few months, boosted by the fractionalized NFT version, the price skyrocketed to over $225 million. It was one of fractionalized NFT’s early successes.
Klima DAO is a blockchain-based initiative at the center of the carbon economy. The project generates tokenized carbon credits in the form of the native KLIMA token. KLIMA tokens represent one tonne of carbon reduction, known as Base Carbon Tonnes (BCTs). Plus, they entitle users to earn rewards by participating in KLIMA staking. Tokenized carbon credits offer a compelling new reserve currency that has a real-world impact on climate change by reducing greenhouse gas emissions. Klima DAO aims to add a layer of gamification to the carbon economy by incentivizing projects and entrepreneurs to make a profit while reducing their carbon footprint.
The Ethereum Name Service (ENS) has recently made headlines across various crypto outlets, celebrating the launch of the native ENS token. Also, the token launch included a free ENS token airdrop to early users of the ENS services. For many users, this was a five-figure airdrop from the ENS platform. The primary service from ENS is to offer users a human-readable Ethereum domain name instead of a long-character wallet address. ENS aims to lower the technical barriers by removing strings of random digits with familiar, recognizable ENS domain names. But, how does the Ethereum Name Service (ENS) work under the hood? What is the responsibility of the ENS token?
Wonderland Money is the first “decentralized reserve currency protocol” to be built on the Avalanche blockchain. The native TIME token is backed by a basket of cryptocurrency assets that create a price floor that the TIME token cannot fall below. The DeFi Wonderland crypto ecosystem enables users to stake the Wonderland TIME token to earn compounding staking rewards. Also, the platform offers a minting feature that effectively allows users to purchase bonds from the protocol.
The IOST blockchain ecosystem is one of the longer-standing projects in the crypto industry. Introducing a new consensus model, Proof-of-Believability (PoB), the project offers a faster and cheaper developer environment than the leading decentralized finance (DeFi) chain, Ethereum. Moreover, the project employs the IOST coin or IOST token as a key cog in the IOST crypto ecosystem. The project presents a scalable, interoperable, reliable, and secure blockchain development environment. As such, the platform is host to a wide array of applications, including crypto launchpads and NFT marketplaces.
The GateChain token, known as GateToken (GT), is the native cryptocurrency of the GateChain public blockchain mainnet. Also, the GT token is the native exchange token of the Gate.io crypto exchange. Holders of the GT token receive exclusive privileges when interacting with the Gate.io exchange, including trading fee debit, airdrops, discounted token prices, and more. Plus, the GT token is essential for paying transaction fees when deploying smart contracts and interacting with decentralized applications (dApps) on the GateChain network. Furthermore, the platform makes it straightforward for developers to migrate decentralized applications (dApps) from other networks, offering a familiar development experience with Ethereum development tools and the Gatechain EVM feature.
The Osmosis exchange is introducing a new adaptable automated market maker (AMM) model operating within the Cosmos ecosystem. Appealing to both crypto traders and developers, the Osmosis crypto ecosystem offers a variety of use cases for its native Osmosis token and interoperable, modular tools for developers. Presenting the potential for the next decentralized finance (DeFi) paradigm shift, the Cosmos AMM offers full customizability with protocol parameters. Also, the OSMO token enables liquidity providers to have governance over individual pools they’re participating in. Furthermore, the Osmosis AMM provides frictionless low-cost cross-chain transactions.
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The learning experience you get in the Academy cannot be compared to anything else out there. Youtube can bring you some of the information, even though it often is fragmented, outdated or hard to follow for beginners. We have spent the time to create a complete package that you can follow step by step, where we guide you by the hand and push you to learn and practice.
Regardless if you’re interested in switching career field, investing or just exploring cutting edge technology, the knowledge you’ll acquire here is unique, rare. After graduating from the Academy, you will be among the top 1% in terms of cryptocurrency and blockchain knowledge.
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Are you interested in learning more about cryptocurrencies and blockchain? Good, on the Moralis Academy blockchain blog our experts cover everything there is to know about blockchain – from investing strategies to educational content. There is something for everyone here at Moralis Academy. We have over 500 informational articles that you can easily browse through with our added filters. Switch from DeFi, NFTs, and cryptocurrencies instantly or just use the search bar and find a specific article. Don’t be surprised by our constant inflow of crypto news as we cover the whole industry. We upload new content on a daily basis as the blockchain industry is continuously evolving. With us, you’ll always be ahead of the competition.
Whether it’s Ethereum news, Bitcoin news, or new altcoins, Moralis Acadamy is here to write about it. We cover everything from the top 10 list but also most of the lower market cap coins as well. The rankings are changing almost all the time with some having their own blockchain and different functions. It can be hard to monitor every corner of the crypto space but we at Moralis Academy make it easy for you. With just a click of a button, you can subscribe to our blog and get the latest posts sent to your email, and you don’t have to worry about staying up to date. If you feel that you gained something from our content, feel free to share the article and be part of growing the community together with Moralis Academy.
