The Steemit Crypto Academy Week 4 : Explain in full a project built on the Ethereum Blockchain, Homework Task by @gbenga

Hello Steemit Crypto Academy Community

Thank you very much to @gbenga for giving homework to us beginners.

Maybe some of you already know that eutheurium is not an ordinary digital asset. there is so much that can be done in digital ethereum. like Dapps.

I will mention projects on the Ethereum blockchain:
1. MakerDAO (MKR)

Source

MakerDAO (MKR) is this is one of one crypto project based on Ethereum first and most famous aiming at decentralized finance (DeFi). MakerDAO's main purpose was created to facilitate financial freedom.

Therefore, this maker is to provide space for its users to borrow and lend more efficiently.

The difference lies in the smart contract service that serves loans and provides loans to the system. That includes two stablecoins that are used to build loan value, namely DAI and MKR.

2.Bancor (BNT)

Source

Bancor (BNT) is the most attractive token to use on the Ethereum blockchain. This BNT is designed to help virtual currency token users in real time.

there are tons of small, illiquid coins on the crypto asset trading market. This is due to market capitalization and the presence of coins on exchanges. Transaction fees charged to users are higher than other crypto assets.

BNT helps traders who wish to transact with small or micro coins through smart tokens and smart contract technology.

3.Chainlink (LINK)

Source

Chainlink (LINK) is a decentralized oracle network. which is a LINK that can connect smart contracts with real-time data such as stock price information or data obtained from IoT.

LINK itself is designed as a blockchain-based middleware application that functions as an intermediary between blockchain technology and non-blockchain technology. This LINK also allows smart contracts to connect with off-chain data providers such as commercial bank accounts and data feeds.

4.Augur (REP)

Source

Augur (REP) is part of the eutheureum blockchain which is an open source smart contract with solidity code that can be used on the Ethereum blockchain.

And Users can receive payments when they correctly predict market conditions. Augur acts as a decentralized oracle. Oracle is a resource that provides verification of real world events. Augur (REP) is built on the Ethereum blockchain

Basic information of Augur (REP)

Source

5.EtherTweet
EtherTweet is a creative decentralized application that acts for an order platform, uncensored micro-blogging running on the Ethereum blockchain.

The difference is that this means that EtherTweet can store all user messages on the blockchain, and remove all forms of censorship on the platform. Apart from micro-blogging, users can also send and receive Ethereum using a donation service.

6.AAVE

Source

Like the first one, AAVE is a decentralized lending platform. This Ethereum-based crypto project makes it easy for users to lend, borrow, and earn interest on crypto assets without intermediaries.

Using the Ethereum blockchain, the AAVE smart contract system allows assets to be managed by a distributed network of computers.

the point is that AAVE users do not need to use certain institutions or parties to manage their funds.

7.Uniswap

Source

This Uniswap means exchange or exchange crypto and is also part of the Ethereum blockchain-based crypto project. The platform is regulated by one authority, that is the company that plays the exchange.

This requirement obliges its users to place funds under their care and use a book system to facilitate trading activities.

Like most other crypto asset projects, Uniswap also includes a decentralized system. The intention is that this project is not owned and operated by certain parties.

This is all about my Homework Assignment given by @gbenga

Hello @gbenga
If there is a need for correction, please let me know.
Thanks

Cc: -
@steemitblog
@steemcurator01
@steemcurator02
@gbenga