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Core Ecosystem

@CoreEcosystem

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Latest news from the Core Ecosystem @CoreDao_org

Joined April 2023
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@CoreEcosystem
Core Ecosystem
1 year
1/ Implications and challenges that come with full Decentralization. A thread 🧵
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@CoreEcosystem
Core Ecosystem
1 year
1/ Interested in diving into the world of #blockchain ? Here's a step-by-step guide to help you start interacting with this exciting technology! 🌐
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@CoreEcosystem
Core Ecosystem
1 year
1/ The crypto space is vast and full of possibilities, but one should always DYOR (Do Your Own Research) to navigate in this world - but how? In this thread, we show you how to properly DYOR 🧵
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@CoreEcosystem
Core Ecosystem
1 year
1/ What is decentralization in #cryptocurrency ? 🗺️ A thread 🧵
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@CoreEcosystem
Core Ecosystem
1 year
1/ What is KYC (Know-Your-Costumer)? 🤝 A thread 🧵
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@CoreEcosystem
Core Ecosystem
1 year
1/ What is Two-Factor Authentication (2FA)? 🛡️ A thread 🧵
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@CoreEcosystem
Core Ecosystem
1 year
1/ Are you a gaming enthusiast? 🎮 Get ready, because we're merging the gaming and the blockchain worlds today! On your marks, get set, game on🧵
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@CoreEcosystem
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1 year
1/ Let's keep diving in doing your own research (DYOR). We've already discussed how to evaluate a project's whitepaper, team, and community. Let's dive deeper🧵
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@CoreEcosystem
Core Ecosystem
1 year
1/ What is Multisig? ✍️ A thread 🧵
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@CoreEcosystem
Core Ecosystem
1 year
1/ What is a private key? 🔐 A thread 🧵
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@CoreEcosystem
Core Ecosystem
1 year
1/ You probably saw that Core is now integrated in @SushiSwap and if you're wondering how to interact with it, we got your back. Everything you need to know 👇🧵
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@CoreEcosystem
Core Ecosystem
1 year
1/ Liquidity pools play a critical role in DeFi. They power the engine of many decentralized exchanges. But what exactly are they and how do they work? 🧵
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@CoreEcosystem
Core Ecosystem
1 year
"1/ You've heard "NFT" floating around the digital universe. Wondering what exactly is an NFT? Welcome to the world of Non-Fungible Tokens🧵
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@CoreEcosystem
Core Ecosystem
1 year
Builders don't stop. Who's building today? ☝️
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@CoreEcosystem
Core Ecosystem
1 year
Blockchain needs balance. Core stands as a pillar, uniting security, scalability, and decentralization in perfect harmony.
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@CoreEcosystem
Core Ecosystem
1 year
1/ So you've started in the blockchain space, maybe traded some crypto, or even owned an NFT, but do you know what's behind the curtain? Time for a deep dive into the stages of a blockchain network: Devnet, Testnet, Betanet, and Mainnet🧵
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@CoreEcosystem
Core Ecosystem
1 year
1/ With rise of De-Fi on #CoreDAO lets talk about a hot model of DEX making its mark in #Coremunity 🌟ve(3,3) ve(3,3) is a new De-Fi design first proposed by @AndreCronjeTech . It combines (3,3) design by Olympus DAO and vote escrow tokenomics "ve" from Curve and Convex.
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@CoreEcosystem
Core Ecosystem
1 year
1/ What does permissionless network or protocol mean? 💭 A thread 🧵
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@CoreEcosystem
Core Ecosystem
1 year
1/ What is a phishing attack? 🎣 A thread 🧵
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@CoreEcosystem
Core Ecosystem
1 year
1/ What is the importance of a unique and secure password? 🧑‍💻
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@CoreEcosystem
Core Ecosystem
1 year
9/ DYOR, and follow @Coredao_Org and @CoreDAO_Academy for more educational posts and learn how to navigate in the blockchain world☀️
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@CoreEcosystem
Core Ecosystem
1 year
1/ What is cold storage? 🥶 A thread 🧵
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@CoreEcosystem
Core Ecosystem
1 year
9/ Not a beginner? Drop your best tips for anyone to start their journey. Follow for more educational threads ☀️
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@CoreEcosystem
Core Ecosystem
1 year
8/ DYOR, and follow @Coredao_Org and @CoreDAO_Academy for more educational posts and learn how to navigate in the blockchain world☀️
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@CoreEcosystem
Core Ecosystem
1 year
2/ First, go straight to the source: explore the project's website, social media channels (especially Twitter) and search them on Google. A legitimate project will have a polished online presence and a strong foundation.
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@CoreEcosystem
Core Ecosystem
1 year
8/ Check the project's @CoinMarketCap or @coingecko and look for vital information. Time to make some math - market cap, trading volume, and historical performance.
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@CoreEcosystem
Core Ecosystem
1 year
8/ Remember, the world of blockchain can be overwhelming at first, but don't worry—you'll get the hang of it soon. Embrace the journey and welcome to the decentralized future!
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@CoreEcosystem
Core Ecosystem
1 year
11/ Stay safe, and follow @Coredao_Org and @CoreDAO_Academy for more educational posts and learn how to navigate in the blockchain world☀️
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@CoreEcosystem
Core Ecosystem
1 year
1/ What is #DeFi ? A thread 🧵
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@CoreEcosystem
Core Ecosystem
1 year
3/ Dive deep into the team members, advisors, and partnerships. Transparency is key. If the team is anon, you need to double check all the other steps. 4/ Next: go into the project's whitepaper and documentation to grasp the essence of their technology, goals, and roadmap.
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@CoreEcosystem
Core Ecosystem
1 year
5/ Examine the most technical details possible, its tokenomics, and look out for possible red flags. Remember, a well-crafted whitepaper doesn't guarantee success, but it's an excellent place to begin.
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@CoreEcosystem
Core Ecosystem
1 year
7/ Immerse yourself in the community by joining the project's Telegram group and Discord server. Seek answers and observe discussions. A knowledgeable and passionate community often indicates a project's potential.
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@CoreEcosystem
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1 year
6/ Scrutinize the project's token distribution and economics. Is the allocation equitable? Is there a vesting schedule for team members and advisors? A harmonious token distribution helps prevent centralization and helps with the project's sustainability.
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@CoreEcosystem
Core Ecosystem
1 year
10/ Therefore, in a decentralized world, self-education and cautious decision-making become pivotal. While #blockchain technology and decentralization bring numerous opportunities, they also require individuals to be proactive in protecting their interests.
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@CoreEcosystem
Core Ecosystem
1 year
6/ Start interacting with the dApp! Depending on its purpose, you might be able to trade, stake, mint NFTs, or participate in governance. Enjoy the decentralized experience!
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@CoreEcosystem
Core Ecosystem
1 year
7/ Keep learning and exploring! Join online communities, attend webinars, and engage on social media. Twitter and Discord are the best places to start. The blockchain space is continuously evolving, so stay curious.
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@CoreEcosystem
Core Ecosystem
1 year
9/ Always do your own research before getting involved in liquidity pools or any DeFi protocols. The potential rewards are significant, but the risks are equally so. As always, DYOR and follow @Coredao_Academy and @Coredao_org for more threads.
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@CoreEcosystem
Core Ecosystem
1 year
2/ First, choose a reputable wallet that supports the blockchain you want to interact with. Popular options include @metamask_io , @TrustWallet , and @CoinbaseWallet . Always keep your private keys and seed phrases secure.
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@CoreEcosystem
Core Ecosystem
1 year
7/ Arm yourself with knowledge, ask the right questions, and think critically before taking the plunge. Happy researching! ☀️
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@CoreEcosystem
Core Ecosystem
1 year
10/ The lifecycle of a blockchain, from its early, clumsy Devnet to the proud and confident Mainnet. Remember, always do your own research before diving into it. And, as always, follow @Coredao_Academy and @Coredao_org for more threads.
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@CoreEcosystem
Core Ecosystem
1 year
3/ Next, acquire some cryptocurrency, such as #Bitcoin , #Ethereum , or #CORE , depending on your chosen blockchain. You can purchase crypto from various exchanges or receive it from a friend.
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@CoreEcosystem
Core Ecosystem
1 year
5/ Connect your wallet to the dApp and grant the necessary permissions. Make sure to double-check the dApp's address and verify its legitimacy before proceeding. Stay safe!
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@CoreEcosystem
Core Ecosystem
1 year
4/ Now it's time to explore decentralized applications (dApps). Browse through curated lists, like @defipulse or @dapp_com , to find a dApp that interests you, from decentralized finance (DeFi) to NFT marketplaces.
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@CoreEcosystem
Core Ecosystem
1 year
8/ Follow @Coredao_Org and @CoreDAO_Academy for more educational posts and learn how to navigate in the blockchain world☀️
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@CoreEcosystem
Core Ecosystem
1 year
8/ It's also worth noting that all transactions in a liquidity pool occur on-chain, which means transaction fees (gas fees) can be high during peak times on networks like Ethereum.
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@CoreEcosystem
Core Ecosystem
1 year
9/ But reaching Mainnet doesn't mean it's the end. It’s the start of a continuous journey of adaptation, upgrades, and sometimes hard forks (changes in the protocol that create a new path). Even when mature, a blockchain is always evolving, always growing.
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@CoreEcosystem
Core Ecosystem
1 year
6/ Remember: if it seems too good to be true, it likely is. Always invest within your means and risk tolerance. Investing time in research is way more essential for making good decisions.
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@CoreEcosystem
Core Ecosystem
1 year
9/ This term refers to a situation where early investors, including the influencers themselves, sell off their holdings for a profit, leading to a sudden drop in the value of the investment for those who remain.
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@CoreEcosystem
Core Ecosystem
1 year
9/ Check out this thread about liquidity pools to understand them better👇
@CoreEcosystem
Core Ecosystem
1 year
1/ Liquidity pools play a critical role in DeFi. They power the engine of many decentralized exchanges. But what exactly are they and how do they work? 🧵
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@CoreEcosystem
Core Ecosystem
1 year
8/ Follow @Coredao_Org and @CoreDAO_Academy for more educational posts and learn how to navigate in the blockchain world☀️
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@CoreEcosystem
Core Ecosystem
1 year
2/ Decentralization is a foundational concept in blockchain and #cryptocurrency , but it's essential to understand its full implications. In a truly decentralized #blockchain , control isn't centralized in one entity or authority.
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@CoreEcosystem
Core Ecosystem
1 year
9/ Follow @Coredao_Org and @CoreDAO_Academy for more educational posts and learn how to navigate in the blockchain world☀️
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@CoreEcosystem
Core Ecosystem
1 year
11/ Follow @Coredao_Org and @CoreDAO_Academy for more educational posts and learn how to navigate in the blockchain world☀️
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@CoreEcosystem
Core Ecosystem
1 year
2/ The math you've done in terms of market cap, trading volume, and historical performance can help you gain a better understanding of the project's current standing in the crypto space.
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@CoreEcosystem
Core Ecosystem
1 year
10/ Follow @Coredao_Org and @CoreDAO_Academy for more educational posts and learn how to navigate in the blockchain world☀️
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@CoreEcosystem
Core Ecosystem
1 year
8/ If an individual invests based on the hype generated by others, particularly influencers who may have vested interests, they may inadvertently become a source of "exit liquidity".
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@CoreEcosystem
Core Ecosystem
1 year
6/ Rather than simply following advice from influencers or other external sources, individuals should conduct thorough research into the project's credibility, utility, team, and community support.
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1 year
11/ Follow @Coredao_Org and @CoreDAO_Academy for more educational posts and learn how to navigate in the blockchain world☀️
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@CoreEcosystem
Core Ecosystem
1 year
7/ This is particularly useful in the realm of cryptocurrency and online banking, where high-value accounts can be a prime target for hackers.
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@CoreEcosystem
Core Ecosystem
1 year
9/ So there it is, a sneak-peek into the world of blockchain gaming! Ready to level up? Remember to do your own research before diving in. Follow @Coredao_Academy and @Coredao_org for more threads.
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@CoreEcosystem
Core Ecosystem
1 year
7/ This includes understanding the project's vision, use case, underlying technology, financial model, and the transparency of its operations. Influence-driven investment strategies can be perilous.
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11/ Follow @Coredao_Org and @CoreDAO_Academy for more educational posts and learn how to navigate in the blockchain world☀️
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@CoreEcosystem
Core Ecosystem
1 year
8/ #Bitcoin , for example, is a decentralized #cryptocurrency because no single entity controls the Bitcoin network. Its protocol is maintained by a community of developers, and its blockchain is upheld by miners and nodes distributed around the world.
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@CoreEcosystem
Core Ecosystem
1 year
10/ Only time will tell what we can still see from NFTs. Until then, remember to do your own research before diving into it. And, as always, follow @Coredao_Academy and @Coredao_org for more threads.
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@CoreEcosystem
Core Ecosystem
1 year
2/ A liquidity pool is a collection of funds locked into a smart contract. It's used to facilitate decentralized trading, lending, and many more functions. These pools are the backbone of many DeFi protocols.
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@CoreEcosystem
Core Ecosystem
1 year
3/ While this means there is no single point of failure and increased transparency, it also presents unique challenges. A key challenge is the lack of centralized oversight or regulation, making the #blockchain a double-edged sword.
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@CoreEcosystem
Core Ecosystem
1 year
11/ Follow @Coredao_Org and @CoreDAO_Academy for more educational posts and learn how to navigate in the blockchain world☀️
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@CoreEcosystem
Core Ecosystem
1 year
3/ Next, you need to evaluate the developers behind the project. Some critical questions to consider: • What's their track record with other projects? • Are they well-known? • How responsive are they to inquiries?
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Core Ecosystem
1 year
4/ On the one hand, decentralization fosters innovation, freedom, and privacy. On the other hand, it leaves the door open for potential scams and malicious activities. In such an environment, responsibility for safety and security falls upon individual users.
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7/ It also offers a form of redundancy; if you lose access to one key, the funds are not lost, as you can still access them with the remaining keys.
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5/ Knowledge is power - staying updated on project developments, trends, and potential red flags will help you make better decisions. Trust your instincts and be cautious of unrealistic guarantees, exorbitant returns, and opaque projects.
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@CoreEcosystem
Core Ecosystem
1 year
9/ Like them or not, NFTs showed us a new way of valuing digital assets and empowered creators in a way we haven't seen before. Their future potential, like much of the blockchain world, remains full of both exciting possibilities and challenges.
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1 year
8/ Despite these challenges, blockchain gaming is evolving and innovating rapidly. It's merging fun with financial incentives and introducing a new concept of play-to-earn, where your gaming skills might just pay the bills!
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@CoreEcosystem
Core Ecosystem
1 year
10/ For instance, if the device or piece of paper on which the private key is stored is lost, damaged, or destroyed, access to the cryptocurrency is lost forever. It's crucial to take all necessary precautions to protect and back up cold storage information.
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@CoreEcosystem
Core Ecosystem
1 year
4/ It's also important to consider whether the product is live or if there's a timeline for it. The potential of a project can be gleaned from these insights.
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@CoreEcosystem
Core Ecosystem
1 year
5/ In this context, due diligence becomes crucial for anyone considering investing in a cryptocurrency project.
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Follow for more educational threads coming soon 👏
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4/ This model differs from traditional or centralized exchanges where there's a need for a buyer and a seller for a trade to happen. With liquidity pools, one can trade directly with the pool without the need for an exact counterparty.
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@CoreEcosystem
Core Ecosystem
1 year
10/ Remember, in the world of #cryptocurrencies , possession of the private key means possession of the assets associated with it. Always protect your private keys and be mindful of scams asking for them 🚨
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Core Ecosystem
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9/ Follow @Coredao_Org and @CoreDAO_Academy for more educational posts and learn how to navigate in the blockchain world☀️
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@CoreEcosystem
Core Ecosystem
1 year
2/ The journey of a blockchain network is like the life stages of a butterfly - each phase has a purpose, and each is necessary to evolve into the final, flourishing product. Let's start from the very beginning: Devnet.
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@CoreEcosystem
Core Ecosystem
1 year
3/ The funds in a liquidity pool come from providers who deposit an equal value of two tokens in a pool. As a reward, they earn trading fees from the trades that happen in their pool, proportional to their share of the total liquidity.
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@CoreEcosystem
Core Ecosystem
1 year
5/ The benefits of the ve3,3 model? - ve3,3 DEX provides Dynamic Swap Curves with lowest Dynamic Fees which together provides best rates - veLOCK - Inflation control with lock process - On-chain Voting - Bribes - Efficient TVL Acquisition and Utilisation - Decentralization
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10/ To protect yourself, always be skeptical of unsolicited communication and never provide personal information in response to an email, phone call, or text message. Always verify the source before clicking any links or downloading attachments.
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@CoreEcosystem
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3/ Devnet, or Developer Network, is the embryonic stage of a blockchain project. Here, developers think, code, and lay the groundwork for what the blockchain will eventually become. It's a sandbox playground where bugs are more than welcome; they’re the guests of honor.
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@CoreEcosystem
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1 year
10/ While some users may find this invasive, these procedures are essential for exchanges to comply with laws and regulations designed to protect consumers and prevent illegal activity.
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@CoreEcosystem
Core Ecosystem
1 year
2/ Two-Factor Authentication (2FA) is a security measure that requires users to provide two different types of information to verify their identity when logging into an account.
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@CoreEcosystem
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1 year
8/ Finally, the big stage of Mainnet - the 'mature adult' phase. It's the fully functional, live network where real transactions take place. Mainnet is where theory meets practice, and all the hard work (and debugging) comes to fruition.
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@CoreEcosystem
Core Ecosystem
1 year
5/ The price of tokens in a liquidity pool is determined algorithmically. Uniswap, for example, uses a formula x*y=k, where x and y are the quantities of the two tokens in the pool and k is a constant. This is known as an automated market maker (AMM) model.
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@CoreEcosystem
Core Ecosystem
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6/ By requiring two different types of information for authentication, 2FA makes it much more difficult for potential intruders to gain access to a person's devices or online accounts, because knowing the password alone is not enough to pass the authentication check.
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@CoreEcosystem
Core Ecosystem
1 year
6/ Next comes the Betanet phase, our blockchain's 'young adulthood'. It’s when the project first starts to interact with the real world and real value but with training wheels on. Some projects skip this stage, but others find it a valuable test of their blockchain's robustness.
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@CoreEcosystem
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1 year
4/ Then, we transition to the Testnet. Think of it as the blockchain's teenage age. In the Testnet stage, the network is exposed to a wider audience, but it’s not yet dealing with real money or high stakes. It's a simulation of the real thing, like a flight simulator for pilots.
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@CoreEcosystem
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3/ This is done to add an extra layer of security and prevent unauthorized access to accounts, as knowing the password alone is not enough to gain access.
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@CoreEcosystem
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7/ Betanet acts as a bridge between a controlled environment and the wild west of the blockchain world. It's a live test of how the network operates, with real transactions, real tokens, and real-world unpredictability - but on a smaller scale.
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5/ In the Testnet stage, users can play with "test tokens" to test transactions, smart contracts, and dApps. It's all about hunting bugs and refining the system. Even the biggest blunders here are valuable lessons, not catastrophic losses.
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@CoreEcosystem
Core Ecosystem
1 year
2/ "Multisig" stands for multi-signature, which is a specific type of digital signature scheme. It is a method that adds an extra layer of security for cryptocurrency transactions.
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@CoreEcosystem
Core Ecosystem
1 year
2/ First things first, you need to bridge your assets to the Core network. For this, you can use the Core bridge powered by @LayerZero_Labs 👇 To learn how to use the bridge, follow Sushi's comprehensive guide👇
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6/ The use of multisig wallets is popular among businesses and organizations where a consensus needs to be reached before funds can be spent.
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@CoreEcosystem
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6/ Liquidity pools offer many advantages. They enable anyone to become a market maker and earn trading fees. They also offer more transparency as everything is recorded and verifiable on the blockchain.
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@CoreEcosystem
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2/ Decentralization, in the context of #cryptocurrencies and #blockchain technology, refers to the distribution of authority, operations, and decision-making across a wide network of computers or nodes rather than concentrating them within a single central entity or authority.
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