Explore topic-wise InterviewSolutions in Cryptocurrency.

INFO: Full form for TSX is TradeStars in Cryptocurrency category
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TrueFi is a protocol for creating interest-bearing pools with a high APR for liquidity providers. TrueFi includes utility and rewards mechanisms using TrustTokens (TRU) and rewards participants for maintaining stable, high APRs.

TRU is the native token of the TrueFi protocol and is used for: TrustToken holders ultimately have a say over who is a credible borrower in the prediction market. TRU gives the holder the ability to rate credit for third parties. Through TRU credit rating, a permissionless system of credit can be built which operates purely through incentives. TRU owners have part ownership in building a new credit system.

What Is Truebit (TRU)?

Truebit allows software running outside a blockchain environment to provide trusted results to smart contracts and applications running within a blockchain. The platform allows practically unlimited external compute resources to be applied in a trusted way to extend the performance, throughput, and scalability of its host blockchain. Research began in 2015 on this verification solution which today connects blockchains to both on-chain and off-chain data while enabling smart contracts to securely perform complex computations in standard, easy-to-use programming languages at significantly reduced gas costs.

Unlike sharding and other methods for distributing high transaction throughput, Truebit processes complex and large transactions via a consensus mechanism involving a minimal number of redundancies, making it a novel solution for Web 3.0 infrastructure. The bulk of computation occurs with off-chain resources.

Verifier’s Dilemma - What Makes Truebit Unique?

Rather than relying on external, cryptographic proofs of correctness, Truebit brings scalable computation to blockchains by leveraging game theory principles and financial incentives to increase the on-chain computation power of existing networks and reduce marginal gas costs.

While smart contracts can perform small computations correctly, large computation tasks pose security risks for blockchains due to the Verifier's Dilemma. Truebit counteracts this via a retrofitting oracle that achieves correct computational results. Truebit’s microeconomy ensures trustless verification through a financial incentive layer atop a dispute resolution layer.

Who is the founder of Truebit (TRU)?

Truebit was founded by mathematician and computer scientist Jason Teutsch who co-authored the whitepaper with Ethereum’s Solidity creator and team lead, Christian Reitwiessner. Jason holds a PhD in Mathematics, was a two-time US Fulbright Fellow, and co-discovered the Verifier’s Dilemma.

Applications

Performing operation(s) with high computational complexity

Any smart contract can issue a computation task to Truebit in standard languages (C, C++, or Rust) without concern for Ethereum’s gas limit. Truebit’s WebAssembly-based architecture can read functions and data from Ethereum bytes, smart contract program code, or IPFS.

What kind of token is Truebit (TRU)?

The supply of TRU tokens may fluctuate over time.

INFO: Full form for CRD is CRD Network in Cryptocurrency category
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Pledge Coin (PLG) is a cryptocurrency token that operates on the Ethereum platform. Pledgecamp is a next generation crowdfunding platform that uses smart escrow contracts in efforts to keep investors protected and project creators accountable. According to the team, the project is reportedly backed by Randi Zuckerberg, Matt Curcio (VP of Data, Ripple), David Ambroz (Executive Director, Disney TV Group), Keith Teare (Founding Shareholder, TechCrunch), and more. reference

INFO: Full form for PLG is Plunge in Cryptocurrency category
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INFO: Full form for CRX is CryptEx in Cryptocurrency category
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INFO: Full form for CRX is CRODEX in Cryptocurrency category
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UBU Finance (Universal Binance Union) - is a platform that combines the most advanced DEFI applications with special functions, such as deflation, benefit sharing,... It's completely decentralized. With the goal of worldwide financial partnerships and making the DEFI platform the most powerful in the cryptocurrency industry, we aim to grow the DEFI platform further. reference

INFO: Full form for UBU is UBU in Cryptocurrency category
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INFO: Full form for MTK is Metakings in Cryptocurrency category
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INFO: Full form for BOA is BOSAGORA in Cryptocurrency category
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INFO: Full form for TUT is Turnt Up Tikis in Cryptocurrency category
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INFO: Full form for TUT is Tutellus in Cryptocurrency category
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INFO: Full form for MWR is MadCredits in Cryptocurrency category
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At Throne, we're excited about a brand new type of digital good often referred to as a non-fungible token, or NFT. NFTs have exciting new properties: they’re unique, provably scarce, liquid, usable across multiple applications and armed with all the programmability of digital assets.

Throne is an NFT marketplace for the next generation of creators and collectors. A place where everyday users can discover, collect, and sell their work as digital assets.

A core part of our vision is that open protocols like Ethereum and interoperable standards like ERC-721 (and ERC-1155) will enable vibrant new economies where creators and collectors truly own this powerful brand new type of digital item. Because we think open, liquid marketplaces will help power these new creative economies, we're building tools with the help of a community of passionate users, developers, and creators.

The importance of technology and contemporary culture is reflected in everything we do, and we have clearly set ourselves apart as a vibrant force in the market because of it.

THN is the utility token of the Throne community, network, and marketplace. By creating our own token economy we are able to provide a commission free platform if creators select to transact in THN, providing a more sensible and sustainable solution by driving forward a new creative economy.

THN is an ERC-20 token on the Ethereum network and allows for execution of smart contracts and for consensus-based transactions. A blockchain system based on the use of tokens, which can be bought, sold, or traded. In the Ethereum system, tokens represent a diverse range of digital assets and the ERC-20 has emerged as the technical standard for all smart contracts on the Ethereum blockchain for token implementation.

As an ERC-20 token, THN can function similar, in some respects, to Bitcoin, Litecoin, and any other cryptocurrency; THN is a blockchain-based asset that has value and can be sent and received. The primary difference is that instead of running on their own blockchain, ERC-20 tokens are issued on the Ethereum network. Luckily, because ERC-20 tokens are so popular, there are many different options for wallets, making THN accessible and operational to so many people around the world.

Non-fungible token standards allow non-fungible tokens to move easily across multiple ecosystems. When a developer launches a new NFT project, these NFTs are immediately viewable inside dozens of different wallet providers, tradable on marketplaces, and, most recently, displayable inside of virtual worlds. This is possible because open standards provide a clear, consistent, reliable API for reading and writing data.

The most compelling feature of NFTs is free trade on open marketplaces. For the first time, users can move items outside of their original environments and into a marketplace where they can take advantage of sophisticated trading options, like eBay-style auctions, bidding, bundling, and the ability to sell in any currency, like stablecoins.

Instant tradability of non-fungible tokens will leads to higher liquidity. NFT marketplaces can cater to a variety of audiences—from hardcore traders to more novice players—allowing for greater exposure of the assets to a wider pool of buyers.

Smart contracts allow developers to place hard caps on the supply of non-fungible tokens and enforce persistent properties that cannot be modified after the NFTs are issued. For example, a developer can enforce that only a specific number of a specific rare item can be created, while keeping the supply of more common items infinite. Developers can also enforce that specific properties do not change over time by encoding them on-chain. This is particularly interesting for art, which relies heavily on the provable scarcity of an original piece.

Of course, like traditional digital assets, NFTs are fully programmable. Many of today’s NFTs have more complex mechanics, like forging, crafting, redeeming, random generation, etc. The design space is full of possibilities.

Standards are part of what makes non-fungible tokens powerful. They give developers the guarantee that assets will behave in a specific way and describe exactly how to interact with the basic functionality of the assets.

ERC stands for Ethereum Request for Comment, and 721 is the proposal identifier number. ERCs are application-level standards in the Ethereum ecosystem, they can be a smart contract standard for tokens such as ERC-20, the author of an ERC is responsible for building consensus with the Ethereum community and once the proposal is reviewed and approved by the community it becomes a standard. ERC-721 was created to propose the functionality to track and transfer NFTs within smart contracts.

We use the ERC-721 in our ecosystem, it's an open standard that describes how to build Non-Fungible tokens on EVM (Ethereum Virtual Machine) compatible blockchains; it is a standard interface for Non-Fungible tokens; it has a set of rules which make it easy to work with NFTs. NFTs are not only of ERC-721 type; they can also be ERC-1155 tokens. However, at Throne we utilize ERC-721.

ERC-721 defines some functions with compliance to ERC-20. This makes it easier for existing wallets to display simple token information and events defined in the ERC-721 standard:

What we do is not solely about technology, crypto is a movement. At Throne we strive to make the journey into the future easy for creators and collectors. That is why we integrate, partner and collaborate with innovators.

We exist to champion the value of digital culture. The digital realm isn’t a secondary space anymore, it’s where we live our lives, and it’s where the future is coming into focus. We need better systems for investing in creative expression, supporting visionary artists, and connecting the internet’s creative community. We’re building Throne to fill that need, using the possibilities of crypto to expand what’s possible for creators and collectors alike.

Throne allows collectors to purchase digital assets that aim to push boundaries. Brands, creators and collectors who support them are establishing a new paradigm, and we know that what we build together today will be integral to what comes next.

We’ve only just begun scratching the surface of what NFTs mean for creators. It’s incredible to partner with creatives, brands, innovators, influencers, and rights holders to bring content into the NFT realm.

We’re an ambitious team that’s committed to building a transformational product. Collectively, our teams have spent over a decade developing various scaling solutions with the brightest minds in blockchain, exploring the possibilities of crypto, but we’re also creators and artists in our own right.

Together, with some of the leading blockchain infrastructures, we are developing a new creative economy and NFT ecosystem that is both scalable and sustainable. Allowing content creators to preserve distinct and verifiable content in a new economy.

INFO: Full form for PLY is PlayNity in Cryptocurrency category
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The project claims to be developing decentralized cloud blockchain technology on Polkadot. CRUST implements the incentive layer protocol for decentralized storage. It is adaptable to multiple storage layer protocols such as IPFS, and provides support for the application layer. Crust's architecture also has the capability of supporting a decentralized computing layer and building a decentralized cloud ecosystem.

The project is target to launch in 2020 Q4.

INFO: Full form for CPD is CoinsPaid in Cryptocurrency category
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INFO: Full form for TNN is T99 Token in Cryptocurrency category
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INFO: Full form for MTG is MagnetGold in Cryptocurrency category
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INFO: Full form for TST is Touch Social in Cryptocurrency category
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INFO: Full form for BBT is BitBook in Cryptocurrency category
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INFO: Full form for BHT is BNBHunter in Cryptocurrency category
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INFO: Full form for MTF is Milktea.finance in Cryptocurrency category
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MetaFootball will be one of the most comprehensive football management games ever created, designed as a play-to-earn game for everyone who loves football and wants to earn token reflections and NFT while managing their own football team. MetaFootball provides an advantage over traditional fantasy football leagues in that you are compensated in real money for your efforts because you own the cards you collect, win, and trade. In previous fantasy football games, you don’t own any players, so all you get for your time is the possibility to beat the thousands of other players who enter, but with MetaFootball, you get to collect cards (players) that you are given complete ownership of for the rest of your life. reference

Tokenplace is a single window into the world of digital assets. We bring pro traders and new users a seamless dashboard for navigating the entire crypto market. The Beta release lets users connect 30+ exchange accounts via API and trade on them with order-splitting multi-exchange algorithms. The platform is offered at a low subscription cost that pays for itself in a single trade. reference

INFO: Full form for TOK is TOKOK in Cryptocurrency category
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PKG Token (PKG) is a cryptocurrency and operates on the Ethereum platform. PKG Token has a current supply of 10,000,000,000 with 8,969,257,745.11 in circulation. The last known price of PKG Token is 0.00002025 USD and is down -0.72 over the last 24 hours. It is currently trading on 4 active market(s) with $1,838.79 traded over the last 24 hours. More information can be found at http://pkgtoken.io/. reference

INFO: Full form for PHM is Phantom Protocol in Cryptocurrency category
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Energo (TSL) is a cryptocurrency . Energo has a current supply of 1,000,000,000 with 602,378,919.746 in circulation. The last known price of Energo is 0.00030956 USD and is down -8.01 over the last 24 hours. It is currently trading on 1 active market(s) with $6,316.91 traded over the last 24 hours. More information can be found at http://www.energolabs.com/. reference

INFO: Full form for MOX is MoX in Cryptocurrency category
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INFO: Full form for PDX is PokeDX in Cryptocurrency category
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Blocktix (TIX) is a cryptocurrency and operates on the Ethereum platform. Blocktix has a current supply of 62,500,000 with 40,000,000 in circulation. The last known price of Blocktix is 0.00232988 USD and is down -0.70 over the last 24 hours. It is currently trading on 1 active market(s) with $0.00 traded over the last 24 hours. More information can be found at https://blocktix.io/. reference

''What Is The Luxury Coin (TLB)?

Private Luxury Membership Supported By a New Purpose-Built Cryptocurrency Utility Token This is the fusion of Exclusive Luxury Membership with the latest technology in the financial industry. The TLB is a class of Cryptocurrency designated as a ‘Utility Token’. The TLB has value within The Luxury Network, allowing users to gain access to special events, unique Experiences, , participate in auctions, or benefit from the financial services offered by The Luxury Bank. The Luxury is the project that wants to make spending crypto as easy as a credit card. Creators of the TLB token hope that it will one day be used on their Binance-based Point-of-Sale devices. One of the most notorious pain points in crypto is the ability to actually make purchases. TLB cryptocurrency plans to change all that by distributing thousands of point-of-sale smart devices to luxury retailers so they can accept payment in the form of TLB, the network’s proprietary crypto token. If it can distribute the devices for free and with lower transaction fees than current card and mobile payment solutions provide, it’s a grand-slam idea.

Roadmap

The company is working on developing a card, which they are naming The Luxury Card, which will work together with the mobile app and wallet, enabling payments and deposits by card (a familiar medium for most) that are pulled from the mobile wallet. In addition, users should be able to see the current market price of each cryptocurrency before paying for goods and services, allowing them to pay with the cryptocurrency that brings the best value at the time. This ability to pay for things easily with cryptocurrencies is what will finally give them real value in a widespread sense.

Who Are the Founders of The Luxury Coin (TLB)?

The Luxury team are a talented group of technologists and entrepreneurs, which seems to be exactly what this project will need for success. The President of The Luxury, Catalin Dascalu, has a long history of founding successful luxury companies, and scaling them, which makes him an ideal fit for a project that will need rapid growth and adoption. The CTO/COO Samer Fatoum, created and sold his first business by the age of 35 and went on to create and sell several more business, including one that had over 50 employees.

The Luxury has taken on an impressive and ambitious task in tackling what could amount to everyday adoption of cryptocurrencies by the masses, if their vision is realized. The technology seems appropriate for what they’re attempting, and the delivery of the first 100 POS devices is a target that the team wants to reach in 2021"

INFO: Full form for AVG is Avocado DAO Token in Cryptocurrency category
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Phore’s mission is to establish and grow free to low-cost decentralized commerce on a global scale. According to the team, Phore had no ICO/Premine and was self-funded with a view towards sustainability. Phore’s executive team is located in the US and the UK. Phore’s blockchain network is based on a Proof-of-Stake system that rewards participants for helping to keep the network secure through staking and masternodes, offering a passive income. Phore’s sharding architecture that is in development aims to 'provide transactions speeds far beyond what is available today'. The team claims that this new architecture will serve as a platform for smart contracts and unlimited decentralized applications. Phore’s decentralized marketplace is currently available, with decentralized crowdfunding also planned in the future. Phore offers B2B blockchain services for companies interested in leveraging distributed ledger technology for their organizations. reference