The Smart Ape 🔥 Profile picture
Apr 3 9 tweets 7 min read Twitter logo Read on Twitter
Has anyone ever told you that #cryptocurrencies are useless? 💢

Here are 5 simple use cases for #crypto that anyone can understand! 🧠

Level: Beginner 🔰
Reading time: 2 minutes 📚
THREAD 🧵 Image
1⃣Online Payments

With #blockchain technology, we can make online payments without the need for intermediaries like banks or payment processors.

This can reduce transaction fees and increase the speed of transactions.

Anyone can do it, all you need is INTERNET!
2⃣Digital Identity
#Blockchain can be used to create a digital identity that is secure and transparent.

This can help to prevent identity theft and fraud, as well as make it easier to manage our personal information.

Some companiesare already working on these solutions.
3⃣ Decentralized Marketplaces
#Decentralized marketplaces allow users to buy and sell goods without the need for intermediaries.

This can reduce fees and increase transparency in the buying and selling process.

Plus, it puts more control in the hands of the users.
4⃣ Decentralized Lending
#DeFi platforms, like Compound and Aave, allow users to lend and borrow funds without the need for intermediaries.

This can provide access to funds for those who might not have traditional banking options, and can also provide better interest rates!
5⃣ Decentralized Social Media
#Blockchain-based social media platforms can provide more control and transparency to users.

Plus, they can incentivize content creation and curation with #cryptocurrency rewards, rather than relying on advertising revenue.
There are many other use cases, and new ones are found every day.

You only have here the basic use cases here that are enough to answer these skeptics ;)
I hope you enjoyed it, don't hesitate to let me know in the comments, without forgetting to like and RT the first tweet of the thread!

Stay safe and learn 💪

#Cryptocurency #blockchain

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More from @ed_Nuward

Apr 5
The Shanghai Upgrade will be in 7 days! 🔥

The biggest narrative associated with this update is the LSD narrative! 🫧

Let's see how to take advantage of this narrative to make big returns! 🪙

Level: Intermediate 🔰
Reading time: 4 minutes 📚
THREAD 🧵 Image
If you don't know what the Shanghai Upgrade is and what impacts this upgrade may be, I invite you to read this THREAD before continuing:

Today only 15% of $ETH is staked!

This is explained by the fact that $ETH staked and rewards are locked, so a large part does not stake $ETH.

Only these $ETH will no longer be locked after the Shanghai Upgrade.
Read 20 tweets
Apr 4
How you can do 35.97% APY without being exposed to any coin volatility? 🔥

I show you how you can do this simply with a long/short strategy.

Level: Intermediate 🔰
Reading time: 3 minutes 📚
THREAD 🧵 Image
#DEFI provides access to many opportunities and new ones appear every day.

In this THREAD I show you how you can make 36% APY without exposing yourself using a long-short strategy.
The strategy is based on the $AVAX token.

You will not be exposed to the price variation of this token, exposure is long but also short.

If the price increases your long position compensates for the losses of the short and if the price falls it is the opposite.
Read 16 tweets
Apr 3
Here are the 5 points of #Tokenomics to look at BEFORE investing in a protocol. 🪙

Don't invest if you haven't studied these 5 elements of Tokenomics! 🔥

Level: Beginner 🔰
Reading Time : 3 minutes 📚
THREAD 🧵 Image
Are you curious about how the economics of a #cryptocurrency token work?
That's what we call #tokenomics, and it's super important to understand if you want to make smart investments.

So, let's talk about the key things to look at when you're analyzing a token's economics.
1⃣Token supply:
First up, token supply.
That's just how many tokens are out there or how many can be created. Knowing this helps you figure out the market cap and how the price might move.
More tokens can mean less value, while fewer tokens can drive up the price.
Read 10 tweets
Mar 29
Ethereum's Shanghai Upgrade is coming and will be a major event for the ecosystem!

So what is Ethereum's Shanghai Upgrade and what will be the impact on the $ETH PRICE?

Level : Beginner/Intermédiaire 🔰
Reading time : 3 minutes 📚
THREAD 🧵 Image
1⃣ – What is the Shangai Upgrade?
2⃣ – Price impact
3⃣ - Conclusion

Shangai Date : 12 April, 2023
1⃣ What is the Shangai Upgrade?
The first step in Ethereum’s switch from a Proof of Work consensus mechanism to Proof of Stake involved the launch of the Beacon Chain, a PoS chain that ran alongside PoW Ethereum from its launch in Dec 2020 until “The Merge” in Sept 2021. Image
Read 20 tweets
Mar 22
I'll show you how a friend foolishly lost several $BNB by getting scammed

AND

How it could have been easily avoided !

SECURITY THREAD 🧵🧵🧵
Let's call this victim Paul!

Paul came across this Youtube video and followed the recommendations of this video.



DON'T DO IT !!!! IT IS A SCAM !!
It's just to show how you can avoid it
This video provides a so-called Arbitrage contract that it is possible to relaunch on Solidity to earn several $BNB per day from a single investment BNB.

Yes of course … we believe in it 🤬
Read 22 tweets
Mar 21
Everyone talks about @zksync or especially the potential #airdrop

BUT

Do you know what @zkSync is? How is it different from @arbitrum ? How advanced it is ?

These are the questions you should ask before betting on a potential airdrop

Let's see it all in this THREAD 🧵🧵🧵
As you must surely know, @zksync is an L2 of #Ethereum.

I won't go back to what a Layer 2 is, I'll put you the link of the documentation if necessary:

academy.binance.com/en/glossary/la…
Before going further you must understand what a rollup is, Rollups are a recent development intended to increase the scalability of Ethereum by performing calculations off-chain, rolling many transactions up into a single batch, and sending it to the main Ethereum chain.
Read 19 tweets

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