Crypto Academy Week 2 Homework Post for @yohan2on

Hello Steemians .....

In this Post, I am here to present myhomework task-2 which is given by Professor @yohan2on .

So, Let's started


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What are dApps?

The concept of decentralized apps is still in a nascent stage and as such, it is not easy to provide an all-encompassing answer to questions like, “what are dApps?”. However, from what has been witnessed so far, it is possible to draw out a few of the leading characteristics of these applications.

But first things first – let us take a step back and understand the underlying technology behind dApps, which is blockchain. If you’re familiar with how a blockchain works, you must be aware that it is a ledger of transaction records arranged in ‘blocks’ that are interlinked by cryptographic validation. Each such block is linked to its predecessor and successor and it is impossible to tamper with the data written into a block.

A specific blockchain involves digital storage of consensus between all the parties involved in the chain of transactions, with each transaction being preserved perpetually and visible to everyone in the loop. The critical thing to note here is that this ledger is distributed across multiple nodes and hence, it is neither stored in a centralized location nor managed by one entity.

Tron Dapps

TRON DApps is one of the most searched terms on the Internet today in technology trends. Recently everything about TRON has gone viral because it is a progressive blockchain-based decentralized network system like Ethereum, EOS, etc., programmed with smart protocols too with its own blockchain explorer. TRON is specially created to build decentralized p2p networks around the world and is designed to handle superfast transactions instantly. It also has its own native cryptocurrency known as Tronix (TRX) and structured smart contracts to make transactions even more simplified.

1- What is TronLink?

TronLink simplifies access to the Tron Blockchain, making it very easy to use. Since it’s a browser extension, it has the ability to connect the content of a website to a secure platform where you can send, receive, and sign transactions.
TronLink provides similar functionality to our desktop wallet while also offering a concise, yet elaborate developer API for Tron applications. The extension runs in a sandboxed environment and uses robust encryption to secure your wallet details. No matter the amount of accounts, TronLink will keep your funds safe. Users have the choice of importing existing accounts while still retaining the ability to generate additional accounts.
With this advanced functionality, the focus of TronLink really comes to light

2- POLONIEX

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Put simply, Poloniex is a digital asset trading service. It is a type of exchange through which users can transact in different digital currencies around the world. In this way, Poloniex is very similar to any of an ever-increasing number of digital currency exchanges headquartered in various countries.

Originally, what made Poloniex different from the way many other exchanges were structured was the fact that it was designed as a pure digital-currency-to-digital-currency exchange. Users could only transact in cryptocurrencies.

Now, Poloniex supports two different methods for funding your exchange account. First, users can deposit cryptocurrency into their exchange account by choosing one of the over 100 listed digital assets. Second, they can buy cryptocurrency from Simplex with fiat currency using either a bank card or a Simplex account. The funds in a user's exchange account are movable into their other trading accounts.

3-JustLend

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JustLend will first accept TRX, USDT, USDJ, SUN, WIN, BTC, JST, and WBTT as collateral for loans. Meanwhile, JustLend allows smart contracts for TRX, BTC, SUN, JST, WIN, WBTT, USDT, and USDJ to distribute jTokens that correspond to underlying assets to users’ accounts at the exchange rate.

In the ecosystem, users are custodians of their own assets and are given full control over asset ownership. They can freely access any available decentralized market.

Lending protocols and platforms offer various incentives to market participants, for example:

Borrower: sell assets or borrow usage rights
Lenders: earn interest on borrowed assets


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@steemcurator01
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Hi @pratik0

Thanks for attending the week-2 Steemit Crypto Course and for doing the homework task.

Unfortunately, you just copied and pasted with no references. Plagiarism is not tolerated on Steemit.

Sorry ....

Okk, I will remember from , And it will never happen from now on

Thank u for telling

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