by sparqadmin | Feb 5, 2023 | Reference Library
New Methods of Access A trustless system is a computer system or network in which participants do not have to trust each other or a central authority to ensure the security and validity of transactions. This is achieved through the use of cryptographic techniques and...
by sparqadmin | Feb 5, 2023 | Reference Library
Streamlining Authentication A permissionless system is a decentralized network that allows anyone to participate without the need for prior authorization or approval. It operates on a set of rules encoded as computer code, rather than relying on a central authority...
by sparqadmin | Feb 5, 2023 | Reference Library
Your Virtual Self Digital Identity refers to a set of personal information, attributes, and online activities that help to identify an individual in a digital space. This includes names, addresses, email addresses, IP addresses, online usernames and more. Uses of...
by sparqadmin | Feb 5, 2023 | Reference Library
Real Virtual Value A digital asset is a type of non-physical asset that is created and stored in a digital form. Digital assets can include a wide range of items, including digital files, cryptocurrencies, virtual real estate, and more. Examples of digital assets...
by sparqadmin | Feb 5, 2023 | Reference Library
Peer-to-Peer Economics A decentralized exchange (DEX) is a platform for trading cryptocurrencies and digital assets that operates on a decentralized network, without a central authority or intermediaries. Benefits: Increased security: Decentralized exchanges...
by sparqadmin | Feb 5, 2023 | Reference Library
Automating Democracy A decentralized autonomous organization (DAO) is a type of organization that operates via rules encoded as computer programs called smart contracts. The rules of a DAO are executed automatically, without the need for intermediaries or human...
by sparqadmin | Feb 5, 2023 | Reference Library
A More Secure, Resilient Web The decentralized web is a network of distributed systems and technologies that operate without relying on central authorities or intermediaries. It aims to provide a more open, secure, and autonomous online environment for users, where...
by sparqadmin | Feb 5, 2023 | Reference Library
Economies by the People, For the People Decentralized finance (DeFi) refers to financial systems built on decentralized networks like blockchain technology, where intermediaries are replaced by smart contracts and protocols. DeFi aims to provide financial services to...
by sparqadmin | Feb 5, 2023 | Reference Library
Economics Beyond Currency A token economy is a system in which a person or organization issues tokens that are used to represent a unit of value or currency. These tokens can then be traded, redeemed, or used to access goods, services, or privileges within the...
by sparqadmin | Feb 5, 2023 | Reference Library
Automated Agreements Smart contracts are self-executing computer programs that enforce the terms of an agreement between parties, without the need for intermediaries. They are stored and replicated on a blockchain network, making them transparent, tamper-proof, and...
