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Vitaly Dmitrievich Buterin, better known as Vitalik Buterin, is a Canadian computer programmer and co-founder of Ethereum. Buterin became involved with cryptocurrency early in its inception, co-founding Bitcoin Magazine in 2011 and Dark Wallet in 2013 together with Amir Taaki and Cody Wilson In 2015, Buterin deployed the Ethereum blockchain with Gavin Wood, Charles Hoskinson, Anthony Di Iorio, and Joseph Lubin.
Ethereum is a decentralized blockchain with smart contract functionality. Ether is the native cryptocurrency of the platform. Among cryptocurrencies, ether is second only to bitcoin in market capitalization. It is open-source software.
A decentralized autonomous organization (DAO), sometimes called a decentralized autonomous corporation (DAC), is an organization managed in whole or in part by decentralized computer program, with voting and finances handled through a blockchain. In general terms, DAOs are member-owned communities without centralized leadership. The precise legal status of this type of business organization is unclear.
Augur is a decentralized prediction market platform built on the Ethereum blockchain. Augur is developed by Forecast Foundation, which was founded in 2014 by Jack Peterson, Joey Krug, and Jeremy Gardner. Forecast Foundation is advised by Ron Bernstein, founder of now-defunct company Intrade, and Ethereum founder Vitalik Buterin.
A decentralised application is an application that can operate autonomously, typically through the use of smart contracts, that run on a decentralized computing, blockchain or other distributed ledger system. Like traditional applications, DApps provide some function or utility to its users. However, unlike traditional applications, DApps operate without human intervention and are not owned by any one entity, rather DApps distribute tokens that represent ownership. These tokens are distributed according to a programmed algorithm to the users of the system, diluting ownership and control of the DApp. Without any one entity controlling the system, the application is therefore decentralised.
Bitcoin Magazine is one of the original news and print magazine publishers covering Bitcoin and digital currencies. Bitcoin Magazine began publishing in 2012. It was co-founded by Vitalik Buterin, Mihai Alisie, Matthew N. Wright, Vladimir Marchenko, and Vicente S. It is currently owned and operated by BTC Inc in Nashville, Tennessee.
Cardano is a public blockchain platform. It is open-source and decentralized, with consensus achieved using proof of stake. It can facilitate peer-to-peer transactions with its internal cryptocurrency, ADA.
Abra is a digital asset services company with offices in several countries. The company's extensive service offering includes: Abra Private, an SEC registered investment advisory service focused on high net worth investors and family offices looking to invest in digital assets or borrow against digital asset holdings; Abra Prime, a prime broker for digital asset trading, lending and derivatives; and, Abra Treasury, a service for companies to add Bitcoin and digital assets to their corporate treasury.
Gavin James Wood is an English computer scientist, a co-founder of Ethereum, and creator of Polkadot and Kusama.
Cryptoeconomics is an evolving economic paradigm for a cross-disciplinary approach to the study of digital economies and decentralized finance (DeFi) applications. Cryptoeconomics integrates concepts and principles from traditional economics, cryptography, computer science, and game theory disciplines. Just as traditional economics provides a theoretical foundation for traditional financial services, cryptoeconomics provides a theoretical foundation for DeFi services bought and sold via fiat cryptocurrencies, and executed by smart contracts.
Anthony Di Iorio is a Canadian entrepreneur primarily known as a co-founder of Ethereum and an early investor in Bitcoin. Di Iorio is the founder and CEO of the blockchain company Decentral, and the associated Jaxx wallet. He also served as the first chief digital officer of the Toronto Stock Exchange. In February 2018, Forbes estimated his net worth at $750 million–$1 billion.
Charles Hoskinson is an American entrepreneur who is a co-founder of the blockchain engineering company Input Output Global, Inc., and the Cardano blockchain platform, and was a co-founder of the Ethereum blockchain platform.
Decentralized finance provides financial instruments and services through smart contracts on a programmable, permissionless blockchain. This approach reduces the need for intermediaries such as brokerages, exchanges, or banks. DeFi platforms enable users to lend or borrow funds, speculate on asset price movements using derivatives, trade cryptocurrencies, insure against risks, and earn interest in savings-like accounts. The DeFi ecosystem is built on a layered architecture and highly composable building blocks. While some applications offer high interest rates, they carry high risks. Coding errors and hacks are a common challenge in DeFi.
Uniswap is a decentralized cryptocurrency exchange that uses a set of smart contracts to create liquidity pools for the execution of trades. It is an open source project and falls into the category of a DeFi product because it uses smart contracts to facilitate trades instead of a centralized exchange. The protocol facilitates automated transactions between cryptocurrency tokens on the Ethereum blockchain through the use of smart contracts. As of December 2024, Uniswap is estimated to be the second largest decentralized exchange and the seven-largest cryptocurrency exchange overall by daily trading volume.
Shiba Inu token is a decentralized cryptocurrency created in August 2020 by an anonymous person or group using the pseudonym "Ryoshi". It is inspired by the Shiba Inu (柴犬), a Japanese dog breed, which also serves as the mascot for Dogecoin, another cryptocurrency with meme origins. Some categorize Shiba Inu as a "meme coin." Concerns have been expressed about the concentration of the coin with a single "whale" wallet controlling billions of dollars' worth of the token, and frenzied buying by retail investors motivated by fear of missing out (FOMO). Shiba Inu was introduced with a branding that positioned it as a potential 'Dogecoin competitor'.
StarkWare Industries is an Israeli software company that specializes in cryptography. It develops zero-knowledge proof technology that compresses information to address the scalability problem of the blockchain, and works on the Ethereum platform. In May 2022, the company's estimated value was $8 billion, an increase from $2 billion six months earlier.
PancakeSwap is a decentralized exchange (DEX) built on multiple blockchains. As of 2024, it is one of the major DEX on Binance Smart Chain and has more than $2.3B in total value locked.
Aave, formerly known as ETHLend, is an open-source decentralized finance (DeFi) protocol which was initially built on the Ethereum blockchain and released in 2020. It is one of the largest cryptocurrency liquidity protocols. The Aave Protocol uses smart contracts to automate processes, including distributing funds and handling collateral.
Uniswap Labs is a software company in the decentralized finance (DeFi) space, founded in 2018 by Hayden Adams. It is the creator of the Uniswap Protocol, a peer-to-peer system for swapping digital assets, which has facilitated over $2.4 trillion in trading volume. The protocol operates as an automated market maker (AMM), enabling users to trade cryptocurrencies directly from their wallets without relying on centralized intermediaries.
References
- ↑ "Who is Hayden Adams? Founder of Uniswap". Metaschool. 5 January 2023.
- ↑ "Hayden Adams". Golden.
- ↑ "A crypto-exchange founder makes his case for decentralised finance". The Economist. ISSN 0013-0613 . Retrieved 2024-12-13.