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Crypto Terms:  Letter D

What is Decentralized Governance?

Meaning:
Decentralized Governance - refers to the procedures completed by a platform's elimination of intermediaries in buyer-seller transactions, as well as competent management for blockchain networks and dApps.
medium
3 minutes

Let's find out Decentralized Governance meaning, definition in crypto, what is Decentralized Governance, and all other detailed facts.

To be specific, decentralization denotes the transfer of control and responsibility for public operations from the central authority to individual and independent government officials, as well as the private industry. It is a sort of organizational architecture in which upper executives delegated authority to intermediate and lower management levels.

On-chain governance is developed in blockchain-based networks. These networks typically implement automated cryptographic algorithms as an essential structure of the network’s computational infrastructure and general agreement cognitive operation.

Off-chain governance refers to decision-making that occurs beyond the blockchain, including on online forums or in person. Public debate, ideas, and generally agreed-upon modifications are examples of off-chain governance strategies.

Decentralized network governance views control as lying in specific and fluid interactions, while traditional governance frameworks see control as belonging in roles.

Power might reside with anyone from individuals to corporations to nations, depending on the relationship between various organizations seeking administration.

From a worldview perspective, the adapting utilization of blockchain applications across nations offers individuals the opportunity to switch from the current centralized institutions and create a new social contract that depends on harmony and not dominance.

This concludes a more transparent, inventive, and independent global society.

The proposed social contract would include decentralized collaboration and communication channels, as well as decentralized mediation mechanisms for resolving conflicts through smart contracts with rules decided upon by members and in accordance with the legal system or law of nature.

Responsibilities differ based on the network topology and the interactions within the decentralized network governance. This needs a reactive distribution of governance roles, privileges, and obligations to power relations among participants. 

Likewise, when new components of power relations, such as those including server suppliers and miners, emerge in blockchain-based solutions, governance mechanisms should be held accountable.

In the absence of a centralized authority, the activities of decentralized networks rely on evolving innovative governance mechanisms to ensure the sustainability and overall real utilization of their efforts. 

To begin, blockchain governance employs strategies to make judgments on project advancement and continuing updates, as well as to guarantee that the underlying protocols and environment operate accurately and successfully.

Nonetheless, there are downsides to decentralized government. One of these is that a public blockchain is inherently unpredictable, and it may be forked or discarded at any time if it is no longer desirable or lucrative. 

As a consequence, it is debatable whether a completely decentralized blockchain, such as Bitcoin, can be regarded as a global ledger because there is no guarantee that it will function or even survive in the future.

distributed ledger technology (DLT)<\/strong><\/a>.<\/p>\n<p>Many websites, applications, and devices online require identity verification to be able to access their services. Technologies such as <strong>universally unique identifiers<\/strong> <strong>and<\/strong> <a href=https://www.bitdegree.org/"https:////en.wikipedia.org//wiki//Uniform_Resource_Name/" target=\"_blank\" rel=\"nofollow noindex noopener\"><strong>uniform resource names (URN)<\/strong><\/a> require centralized registration authorities and are unable to verify the identifier&rsquo;s ownership via cryptographic tools.<\/p>\n<p>The issues of identifiers requiring centralized registration authorities can lead to privacy or data loss and other malicious acts. The decentralized identifier protocol provides a higher level of security of sensitive data.<\/p>\n<p><strong>Users can store multiple identifiers in<\/strong>&nbsp;<a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-wallet/">private digital wallets<\/strong><\/a>. Some of the accepted IDs are government-issued certificates, education and tax certificates, and personal identifiable information (PII).<\/p>\n<p>All identifying information is securely locked in a user-managed wallet utilizing a blockchain-based distributed ledger without any interference from centralized authorities. The users have complete control over what information regarding their identity they want to share and with which services.<\/p>\n<p>With DIDs, <strong>users can limit what they present to a digital entity<\/strong>, like a website or an application, to only the required information. The digital entities can then use a blockchain-based ledger to verify the legitimacy of the identity proofs.<\/p>\n<p>If a user needs to prove that they are over 18 years old to access a digital service, they can use the decentralized digital wallet to act as the proof of identity without revealing the specifics of their date of birth or other personal information.<\/p>\n<h2>The DID Framework<\/h2>\n<p>The core DID draft was initially released on the <a href=https://www.bitdegree.org/"https:////en.wikipedia.org//wiki//World_Wide_Web_Consortium/" target=\"_blank\" rel=\"nofollow noindex noopener\"><strong>World Wide Web Consortium (W3C)<\/strong><\/a>. It described the decentralized identifier as a simple string of text that contains three parts:<\/p>\n<ul>\n<li>The DID URI scheme identifier, stored on-chain;<\/li>\n<li>The DID method identifier;<\/li>\n<li>The DID method-specific identifier.<\/li>\n<\/ul>\n<p>Decentralized identifiers are within a global key-value database. DID documents, like <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-public-key/">public keys<\/strong><\/a> or <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-authentication/">authentication protocols<\/strong><\/a>, are hosted on compatible blockchain networks.<\/p>\n<p>Decentralized identifiers act as keys, while DID Documents are considered to be values that describe specific data models as a way of bootstrapping cryptographic interactions with a known subject in the decentralized space.<\/p>\n<p>DID documents contain public keys that are used for authentication. However, the owners of DID documents use <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-private-key-secret-key/">private keys<\/strong><\/a> to establish their ownership over the decentralized identifiers.<\/p>","definition":"proof of ownership of a digital identity (ID) issued by autonomous decentralized platforms.","status":"published","meta_title":"What is Decentralized Identifier (DID)? Definition & Meaning | Crypto Wiki","meta_description":"Decentralized Identifier (DID) meaning: Decentralized Identifier (DID) - proof of ownership of a digital identity (ID), issued by autonomous decentralized platforms.","meta_keywords":null}" :prev-section="{"id":243,"wikipedia_url":"https:\/\/en.wikipedia.org\/wiki\/Decentralized_finance#Decentralized_exchanges","level":"easy","author_id":1,"created_at":"2023-06-19T06:58:59.000000Z","updated_at":"2024-01-04T14:21:44.000000Z","slug":"what-is-decentralized-exchange-dex","title":"What is Decentralized Exchange (DEX)?","section":"D","keyword":"Decentralized Exchange (DEX)","content":"<p><strong>Decentralized currency exchange (DEX)<\/strong> is a cryptocurrency exchange platform that offers near-complete anonymity for traders. It conducts its services without an intermediary, meaning that the assets flow directly between the traders.<\/p>\n<p><strong>DEXs were created as an alternative to<\/strong> <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-centralized-exchange-cex/">centralized exchanges (CEXs)<\/strong><\/a>. The most popular crypto exchange platforms in the world, like <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//goon//binance/" target=\"_blank\" rel=\"nofollow noindex noopener\"><strong>Binance<\/strong><\/a> and <a href=https://www.bitdegree.org/"//crypto//goon//coinbase/" target=\"_blank\" rel=\"nofollow noindex noopener\"><strong>Coinbase<\/strong><\/a>, are centralized. They take orders from traders who want to purchase or sell their assets and match them with prospective sellers and buyers. <strong>CEXs function similarly to securities exchanges<\/strong>.<\/p>\n<p>However, centralized cryptocurrency exchange platforms have some disadvantages that have received criticism from crypto traders. CEX platforms are privately owned, which means that an intermediary is involved in all transaction operations. Their services are <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-custodial/">custodial, meaning that the asset used in a transaction is held by the platform.<\/p>\n<p>Centralized platforms also collect customer data and may be required to comply with regulations such as <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-know-your-customer-kyc/">Know Your Customer (KYC)<\/strong><\/a>. The concept of a currency exchange run by a central authority goes against the principles of decentralization and complete transaction anonymity which are the core ideas of cryptocurrency.<\/p>\n<p><strong>Decentralized exchange platforms allow users to perform crypto transactions completely anonymously.<\/strong> Since DEXs are still relatively new, they see far lower trading volumes than their centralized counterparts. DEXs that use formulas to set prices, instead of order books, are called \"Automated Market Makers\", or AMMs.<\/p>\n<p>Decentralized platforms create regulatory issues since they do not comply with KYC or similar policies. Furthermore, the use of decentralized exchanges can lead to traders getting scammed, as there is no way to confirm the identities of the parties involved.<\/p>\n<p>A well-known DEX \"<em>scam<\/em>\" is the so-called \"sandwich attack\". It takes place when a token price spikes before purchase and drops immediately after. In order to avoid it, a user can divide their trades into smaller ones.<\/p>","definition":"a peer-to-peer cryptocurrency exchange service that conducts trading without an intermediary.","status":"published","meta_title":"What is Decentralized Exchange (DEX)? Definition & Meaning | Crypto Wiki","meta_description":"Decentralized Exchange (DEX) meaning: Decentralized Exchange (DEX) - a peer-to-peer cryptocurrency exchange service that conducts trading without an intermediary.","meta_keywords":null}" :model="{"id":246,"wikipedia_url":"https:\/\/en.wikipedia.org\/wiki\/Decentralization","level":"medium","author_id":1,"created_at":"2023-06-19T06:58:59.000000Z","updated_at":"2024-01-04T14:25:13.000000Z","slug":"what-is-decentralized-governance","title":"What is Decentralized Governance?","section":"D","keyword":"Decentralized Governance","content":"<p>To be specific, <strong>decentralization denotes the transfer of control and responsibility for public operations from the central authority to individual and independent government officials, as well as the private industry.<\/strong> It is a sort of organizational architecture in which upper executives delegated authority to intermediate and lower management levels.<\/p>\n<p><strong>On-chain governance<\/strong> is developed in blockchain-based networks. These networks typically implement automated cryptographic algorithms as an essential structure of the network&rsquo;s computational infrastructure and general agreement cognitive operation.<\/p>\n<p><strong>Off-chain governance<\/strong> refers to decision-making that occurs beyond the blockchain, including on online forums or in person. Public debate, ideas, and generally agreed-upon modifications are examples of off-chain governance strategies.<\/p>\n<p>Decentralized network governance views control as lying in specific and fluid interactions, while traditional governance frameworks see control as belonging in roles.<\/p>\n<p>Power might reside with anyone from individuals to corporations to nations, depending on the relationship between various organizations seeking administration.<\/p>\n<p>From a worldview perspective, the adapting utilization of blockchain applications across nations offers individuals the opportunity <strong>to switch from the current centralized institutions and create a new social contract that depends on harmony and not dominance.<\/strong><\/p>\n<p>This concludes a more transparent, inventive, and independent global society.<\/p>\n<p>The proposed social contract would include decentralized collaboration and communication channels, as well as decentralized mediation mechanisms for resolving conflicts through <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-smart-contract/">smart contracts<\/strong><\/a> with rules decided upon by members and in accordance with the legal system or law of nature.<\/p>\n<p><strong>Responsibilities differ based on the network topology and the interactions within the decentralized network governance.<\/strong> This needs a reactive distribution of governance roles, privileges, and obligations to power relations among participants.&nbsp;<\/p>\n<p>Likewise, when new components of power relations, such as those including server suppliers and <strong>miners,<\/strong> emerge in blockchain-based solutions, governance mechanisms should be held accountable.<\/p>\n<p>In the absence of a centralized authority, the activities of decentralized networks rely on evolving innovative governance mechanisms to ensure the sustainability and overall real utilization of their efforts.&nbsp;<\/p>\n<p>To begin, blockchain governance employs strategies to make judgments on project advancement and continuing updates, as well as to guarantee that the underlying protocols and environment operate accurately and successfully.<\/p>\n<p>Nonetheless, there are downsides to decentralized government. One of these is that a public blockchain is inherently <strong>unpredictable,<\/strong> and it may be <strong>forked<\/strong> or discarded at any time if it is no longer desirable or lucrative.&nbsp;<\/p>\n<p>As a consequence, it is debatable whether a completely decentralized blockchain, such as <strong><a href=https://www.bitdegree.org/"//crypto//buy-bitcoin-btc/">Bitcoin, can be regarded as a global ledger because there is no guarantee that it will function or even survive in the future.<\/p>","definition":"refers to the procedures completed by a platform's elimination of intermediaries in buyer-seller transactions, as well as competent management for blockchain networks and dApps.","status":"published","meta_title":"What is Decentralized Governance? Definition & Meaning | Crypto Wiki","meta_description":"Decentralized Governance meaning: Decentralized Governance - refers to the procedures completed by a platform's elimination of intermediaries in buyer-seller transactions, as well as competent management for blockchain networks and dApps.","meta_keywords":null,"author":{"id":1,"user_id":1,"created_at":"2023-05-03T14:30:55.000000Z","updated_at":"2023-05-11T07:18:20.000000Z","title":"Editor-In-Chief","slug":"aaron-s-editor-in-chief","description":"<p>Having completed a Master&rsquo;s degree on Economics, Politics &amp; Culture for the East Asia region, Aaron has written scientific papers with a comparative analysis of the differences between US&rsquo; Western and Japan&rsquo;s Collective forms of capitalism, 1945-2020.<\/p>\n<p>With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He&rsquo;s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.<\/p>\n<p>Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain &amp; Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.<\/p>\n<p>Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.<\/p>","user":{"id":1,"first_name":"Aaron","last_name":"S.","email":"aaron@bitdegree.org","email_sanitized":"aaron@bitdegree.org","email_verified_at":"2023-12-01T09:40:20.000000Z","must_verify_email":false,"is_registered_with_wallet":false,"status":"active","country":"LT","last_connected_ip":"88.119.132.125","image_id":2641,"referral_token":"05TMu2NysXOCn525","referred_by":null,"created_at":"2023-05-03T14:30:55.000000Z","updated_at":"2024-01-09T15:22:21.000000Z","full_name":"Aaron S."}}}" :chapter-list="[{"id":1,"title":"Blockchain","slug":"blockchain","updated":null,"chapter":"crypto\/assets\/crypto-book\/chapters\/learn-blockchain.jpg","chapter_simple":"crypto\/assets\/crypto-book\/chapters-simple\/blockchain-101.jpg","rating":100,"sections":[{"chapter_id":1,"order":1,"slug":"what-is-blockchain","title":"What is the Blockchain?","status":"published","modified_content":null},{"chapter_id":1,"order":2,"slug":"decentralized-blockchain","title":"Anonymous & Decentralized Blockchains: The Cornerstone of Crypto","status":"published","modified_content":null},{"chapter_id":1,"order":3,"slug":"blockchain-transaction","title":"What is a Blockchain Transaction in Crypto?","status":"published","modified_content":null},{"chapter_id":1,"order":4,"slug":"crypto-fees","title":"The Different Types of Crypto Fees Explained","status":"published","modified_content":null},{"chapter_id":1,"order":5,"slug":"what-is-bridging-in-crypto","title":"The Key Notion Behind the Concept of Bridging in Crypto","status":"published","modified_content":null},{"chapter_id":1,"order":6,"slug":"types-of-blockchains","title":"Different Types of Blockchains: What to Look Out For?","status":"published","modified_content":null}]},{"id":2,"title":"Cryptocurrencies","slug":"cryptocurrencies","updated":null,"chapter":"crypto\/assets\/crypto-book\/chapters\/learn-cryptocurrencies.jpg","chapter_simple":"crypto\/assets\/crypto-book\/chapters-simple\/cryptocurrencies-101.jpg","rating":100,"sections":[{"chapter_id":2,"order":1,"slug":"what-is-a-cryptocurrency","title":"What is a Cryptocurrency?","status":"published","modified_content":null},{"chapter_id":2,"order":2,"slug":"how-does-cryptocurrency-work","title":"How Does Cryptocurrency Work?","status":"published","modified_content":null},{"chapter_id":2,"order":3,"slug":"is-cryptocurrency-a-good-investment","title":"Is Cryptocurrency a Good Investment? The Pros & Cons","status":"published","modified_content":null},{"chapter_id":2,"order":4,"slug":"coin-vs-token","title":"Coin VS Token: How Do They Differ?","status":"published","modified_content":null},{"chapter_id":2,"order":5,"slug":"what-are-stablecoins","title":"What are Stablecoins, Altcoins & Wrapped Coins?","status":"published","modified_content":null},{"chapter_id":2,"order":6,"slug":"what-is-a-bitcoin","title":"Bitcoin: the Pioneer of the Crypto World","status":"published","modified_content":null},{"chapter_id":2,"order":7,"slug":"what-is-ethereum","title":"The Ultimate Blockchain for dApp Creation: Ethereum","status":"published","modified_content":null},{"chapter_id":2,"order":8,"slug":"what-is-cardano-in-crypto","title":"What is Cardano and What is It Used For?","status":"published","modified_content":null},{"chapter_id":2,"order":9,"slug":"what-is-shiba-inu-coin","title":"Shiba Inu: the Dogecoin Killer","status":"published","modified_content":null},{"chapter_id":2,"order":10,"slug":"what-is-solana-in-crypto","title":"Is Solana an Improved Version of Ethereum?","status":"published","modified_content":null},{"chapter_id":2,"order":11,"slug":"what-is-polkadot-in-crypto","title":"The Bridge Between Blockchains: Polkadot","status":"published","modified_content":null},{"chapter_id":2,"order":12,"slug":"what-is-polygon-in-crypto","title":"Polygon: the Essential Scaling Solution for Ethereum","status":"published","modified_content":null},{"chapter_id":2,"order":13,"slug":"what-is-luna-crypto","title":"The Bumpy Road of Terra (LUNA)","status":"published","modified_content":null},{"chapter_id":2,"order":14,"slug":"what-is-fantom-crypto","title":"Is Fantom (FTM) Yet Another Ethereum Killer?","status":"published","modified_content":null},{"chapter_id":2,"order":15,"slug":"what-is-aave-crypto","title":"Aave: Crypto Lending Trailblazer","status":"published","modified_content":null},{"chapter_id":2,"order":16,"slug":"what-is-algorand-crypto","title":"Did Algorand Truly Solve the Blockchain Trilemma?","status":"published","modified_content":null},{"chapter_id":2,"order":17,"slug":"what-is-olympus-dao","title":"Does Olympus DAO Have Anything to Do With Mythology?","status":"published","modified_content":null},{"chapter_id":2,"order":18,"slug":"what-is-avax","title":"Is Avalanche Network (AVAX) Rightfully Called the Future of DeFi?","status":"published","modified_content":null},{"chapter_id":2,"order":19,"slug":"what-is-monero-coin","title":"Monero: Where Cryptocurrency Meets Cryptography","status":"published","modified_content":null},{"chapter_id":2,"order":20,"slug":"what-is-ripple-xrp","title":"Is Ripple \"it\" When it Comes to Cross-Border Transactions?","status":"published","modified_content":null},{"chapter_id":2,"order":21,"slug":"practical-use-of-cryptocurrencies","title":"The Practical Use of Crypto","status":"published","modified_content":null}]},{"id":3,"title":"Crypto Exchanges","slug":"crypto-exchanges","updated":null,"chapter":"crypto\/assets\/crypto-book\/chapters\/learn-crypto-exchanges.jpg","chapter_simple":"crypto\/assets\/crypto-book\/chapters-simple\/crypto-exchanges-101.jpg","rating":80,"sections":[{"chapter_id":3,"order":1,"slug":"how-do-cryptocurrency-exchanges-work","title":"How do Cryptocurrency Exchanges Work?","status":"published","modified_content":null},{"chapter_id":3,"order":2,"slug":"dex-vs-cex","title":"DEX VS CEX: Two Sides of the Crypto Exchange Industry","status":"published","modified_content":null},{"chapter_id":3,"order":3,"slug":"crypto-day-trading","title":"Crypto Day Trading: The Difference Between Buying, Trading, and Swapping","status":"published","modified_content":null},{"chapter_id":3,"order":4,"slug":"kyc-crypto","title":"KYC & AML: The Key to Complying With Legal Industry Standards","status":"published","modified_content":null},{"chapter_id":3,"order":5,"slug":"how-to-buy-crypto","title":"From Fiat to Crypto: How to Buy Crypto for the First Time","status":"published","modified_content":null},{"chapter_id":3,"order":6,"slug":"fiat-to-crypto","title":"Taking Profits: Turning Crypto Into Fiat","status":"published","modified_content":null},{"chapter_id":3,"order":7,"slug":"how-to-use-crypto","title":"You\u2019ve Got Crypto: What Can You Do With It?","status":"published","modified_content":null}]},{"id":4,"title":"Crypto Wallets","slug":"crypto-wallets","updated":false,"chapter":"crypto\/assets\/crypto-book\/chapters\/learn-crypto-wallets.jpg","chapter_simple":"crypto\/assets\/crypto-book\/chapters-simple\/crypto-wallets-101.jpg","rating":80,"sections":[{"chapter_id":4,"order":1,"slug":"what-is-a-crypto-wallet","title":"What is a Crypto Wallet?","status":"published","modified_content":null},{"chapter_id":4,"order":2,"slug":"hot-wallet-vs-cold-wallet","title":"Hot Wallet VS Cold Wallet: Which One to Pick?","status":"published","modified_content":null},{"chapter_id":4,"order":3,"slug":"non-custodial-wallet","title":"What are Non-Custodial Crypto Wallets?","status":"published","modified_content":null},{"chapter_id":4,"order":4,"slug":"what-is-metamask","title":"Metamask: The Leading Non-Custodial Wallet","status":"published","modified_content":null},{"chapter_id":4,"order":37,"slug":"how-safe-is-cryptocurrency","title":"The Key Crypto Wallet Safety Practices: How Safe Can Crypto Be?","status":"published","modified_content":null}]},{"id":5,"title":"NFTs","slug":"nfts","updated":null,"chapter":"crypto\/assets\/crypto-book\/chapters\/learn-nfts.jpg","chapter_simple":"crypto\/assets\/crypto-book\/chapters-simple\/nfts-101.jpg","rating":100,"sections":[{"chapter_id":5,"order":2,"slug":"how-to-trade-nfts","title":"NFT Trading: The Ins and Outs","status":"published","modified_content":null},{"chapter_id":5,"order":3,"slug":"buying-nft","title":"Tips and Tricks of Choosing the Right NFTs","status":"published","modified_content":null},{"chapter_id":5,"order":4,"slug":"how-to-store-nft","title":"How to Store NFTs: Best Practices","status":"published","modified_content":null},{"chapter_id":5,"order":5,"slug":"how-to-create-an-nft","title":"How to Create Your Own NFTs?","status":"published","modified_content":null},{"chapter_id":5,"order":6,"slug":"how-to-make-passive-money-with-nft","title":"Making Passive Money with NFTs","status":"published","modified_content":null}]},{"id":6,"title":"dApps & Defi","slug":"dapps-and-defi","updated":true,"chapter":"crypto\/assets\/crypto-book\/chapters\/learn-dapps.jpg","chapter_simple":"crypto\/assets\/crypto-book\/chapters-simple\/dapps-defi-101.jpg","rating":80,"sections":[{"chapter_id":6,"order":1,"slug":"what-are-nfts","title":"What are Non-Fungible Tokens (NFTs)?","status":"published","modified_content":null},{"chapter_id":6,"order":1,"slug":"what-is-defi","title":"What is Decentralized Finance (DeFi)?","status":"published","modified_content":null},{"chapter_id":6,"order":2,"slug":"what-is-defi-2-0","title":"DeFi 2.0: The New Version of Decentralized Finance","status":"published","modified_content":null},{"chapter_id":6,"order":3,"slug":"what-are-dapps-in-crypto","title":"What Are dApps and How Do They Work?","status":"published","modified_content":null},{"chapter_id":6,"order":4,"slug":"defi-dapps","title":"Picking the Right dApps: Dos and Don'ts","status":"published","modified_content":null},{"chapter_id":6,"order":5,"slug":"what-is-web-3-0","title":"Web 3.0: The Future of the Internet","status":"published","modified_content":null},{"chapter_id":6,"order":6,"slug":"what-are-smart-contracts","title":"What is the Core Purpose of Smart Contracts?","status":"published","modified_content":null},{"chapter_id":6,"order":7,"slug":"what-is-a-dao-in-crypto","title":"The Notion of a Decentralized Autonomous Ogranization (DAO)","status":"published","modified_content":null},{"chapter_id":6,"order":8,"slug":"what-is-staking-in-crypto","title":"What is the Goal of Staking Crypto Assets?","status":"published","modified_content":null},{"chapter_id":6,"order":9,"slug":"what-is-liquidity-pool-in-crypto","title":"What is a Liquidity Pool and How Does It Work?","status":"published","modified_content":null},{"chapter_id":6,"order":10,"slug":"what-is-automated-market-maker","title":"Automated Market Maker: the Cornerstone of the Decentralized Crypto Exchange Industry","status":"published","modified_content":null},{"chapter_id":6,"order":11,"slug":"what-is-yield-farming-in-crypto","title":"The Main Yield Farming Techniques","status":"published","modified_content":null},{"chapter_id":6,"order":12,"slug":"what-is-an-oracle-in-crypto","title":"Crypto Oracles: The Link Between Blockchain and Outside World Data","status":"published","modified_content":null},{"chapter_id":6,"order":13,"slug":"crypto-gambling","title":"The Peculiarities of Decentralized Crypto Gambling","status":"published","modified_content":null},{"chapter_id":6,"order":14,"slug":"what-is-the-metaverse","title":"Metaverse: A New Perception of Reality","status":"published","modified_content":null}]},{"id":7,"title":"Trading & Investing","slug":"trading-and-investing","updated":null,"chapter":"crypto\/assets\/crypto-book\/chapters\/learn-crypto-trading.jpg","chapter_simple":"crypto\/assets\/crypto-book\/chapters-simple\/crypto-trading-101.jpg","rating":80,"sections":[{"chapter_id":7,"order":1,"slug":"where-to-trade-crypto","title":"Where Can You Trade Cryptocurrencies?","status":"published","modified_content":null},{"chapter_id":7,"order":2,"slug":"how-to-invest-in-crypto","title":"Investing in Crypto: What Investing Options Do You Have?","status":"published","modified_content":null},{"chapter_id":7,"order":3,"slug":"ico-vs-ido","title":"ICO vs IDO vs IEO: Which One is the One?","status":"published","modified_content":null},{"chapter_id":7,"order":4,"slug":"what-is-an-airdrop","title":"What are Crypto Airdrops and How to Get Them?","status":"published","modified_content":null},{"chapter_id":7,"order":5,"slug":"how-to-get-free-crypto","title":"How to Get Free Crypto Assets?","status":"published","modified_content":null},{"chapter_id":7,"order":6,"slug":"how-to-arbitrage-crypto","title":"What is Crypto Arbitrage: The Main Principles","status":"published","modified_content":null},{"chapter_id":7,"order":7,"slug":"what-is-a-perpetual-contract","title":"Perpetual Contracts: Futures Contracts Without an Expiration 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