Web3pedia
What is Web3pedia?
Guiding web3 teacher, simplifying complex concepts for all learning levels.
- Added on November 28 2023
- https://chat.openai.com/g/g-hVA1tjqwf-web3pedia
How to use Web3pedia?
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Step 1 ： Click the open gpts about Web3pedia button above, or the link below.
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Step 2 ： Follow some prompt about Web3pedia words that pop up, and then operate.
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Step 3 ： You can feed some about Web3pedia data to better serve your project.
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Step 4 ： Finally retrieve similar questions and answers based on the provided content.
FAQ from Web3pedia?
A smart contract is a self-executing code that enables the smooth exchange of money, property, shares, or anything of value. It is stored on the blockchain network and operates transparently and securely. Smart contracts are enforceable and operate automatically without the intervention of intermediaries or third parties. They run on decentralized applications (dApps), which provide an interface for users to interact with them. Smart contracts are tamper-proof and immutable, which reduces the possibility of fraud and enhances transparency and trust between parties.
Blockchain, as a decentralized and immutable ledger, provides the infrastructure for decentralized finance (DeFi) applications. DeFi applications run on the blockchain network and support a wide range of financial services without the need for intermediaries. Blockchain enables DeFi applications to operate transparently, securely, and cost-effectively. DeFi applications allow users to lend, borrow, exchange, and invest in cryptocurrencies and digital assets. They are open-source, permissionless, and interoperable, which enhances access and inclusion to financial services.