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Every expert refines their crypto journey over time. Dive deeper and master complex concepts and strategies.
Changpeng Zhao, or CZ, is the founder and former CEO of the exchange Binance. CZ is a prominent figure in the crypto ecosystem, known both for the Binance empire he launched in 2017, making it the global leader in the sector in just 165 days, and for the numerous memes surrounding him. Among them are: Despite an estimated fortune of over $70 billion, CZ cultivates a very approachable image, even going so far as to make pizzas for Binance users
Composability in crypto refers to the ability of different blockchain apps and protocols to work together. It acts like building blocks, often referred to as ‘Money Legos’ in decentralized finance (DeFi). More importantly, these building blocks don’t need permission from anyone else. Developers and users can combine digital parts to create something more useful. They don’t need special permission to do this. Composability lets smart contracts on a blockchain like Ethereum work together to create public building blocks that anyone
In the world of crypto, “consensus” is quite literally when a network of computers (nodes) agree on what is true in the blockchain. They do not depend on banks or governments to verify; instead, the nodes decide to agree on which transactions are real and give their approval on the timeline of when they occured. A consensus mechanism is a built-in set of rules that ensures every node reaches the same conclusion about which transactions to add to that ledger.
A ghost chain in crypto refers to a blockchain that exists but has little to no real activity taking place. Imagine a ghost town, with roads, shops, electricity, etc, but no one really works or lives there. A ghost chain is a blockchain network that’s been abandoned. It may still be running, producing blocks, and securing its network, but it sees very few users, transactions, developers, or applications on it. Sometimes, founding teams vanish (rug pull), leaving fake or minimal
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