The Play2Earn (Play-to-Earn) business model promotes the concept of an open economy and provides monetary incentives to players who contribute value to its metaverse.
Monthly Archives: December 2023
Prediction Markets are markets that trade the future outcomes of events. These markets reflect the confidence of the crowd in a particular future event.
Pre-Mine refers to the process of generating a portion or the entire initial supply of a coin before or during its public launch.
Programmability refers to the ability of an object or system to execute instructions.
Pre-Sale refers to the exclusive offering of a cryptocurrency to a select group of investors before it becomes available to the general public.
Proof-of-Authority (PoA) is a consensus mechanism employed in blockchain technology that enables swift transaction processing by leveraging identity as a form of stake.
Proof-of-Burn (PoB) is a blockchain consensus mechanism that aims to enhance energy efficiency when bootstrapping one blockchain to another. It achieves this by verifying that a coin has incurred a cost through the process of “burning,” which involves sending it to an address where it becomes unspendable.
Proof-of-Burn is a concept aimed at establishing a mechanism to deter deceitful transactions within a blockchain network, while simultaneously enhancing the overall effectiveness and operation of the blockchain.
A Public Blockchain is a type of blockchain that is accessible to anyone.
Proof of Attendance Protocol (POAP) is a term used to describe a service provided by a company that utilizes the ERC-721 NFT protocol on the Ethereum blockchain.