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Crypto Terms:  Letter O

What is OHM Fork?

Meaning:
OHM Fork - a term used to describe the process of implementing upgrades to the OlympusDAO database.
medium
3 minutes

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

Let’s begin by establishing what a fork means in blockchain terms. A fork is what happens when a blockchain is split into two versions due to major upgrades. These different blockchain versions run parallel to each other.

Since blockchain technology is built on open-source protocols, anyone can look through the blockchain’s code, learn how it was created, and brainstorm on different ways to improve it. If said brainstorming is successful and you end up with a solid idea and plan, you can provide relevant solutions or create a new “cryptocurrency”.

Essentially, that’s what the term OHM Fork describes. The process of adding new code to the OlympusDAO database results in various variants of the blockchain

In short, by adding unique code to a blockchain that already exists such as Bitcoin or Ethereum, the users can create new “cryptocurrencies”. This way they don’t need to write the code from the very beginning like most successful companies.

OlympusDAO’s system based on a new method of sharing liquidity rewards with an ever-growing community has influenced many crypto enthusiasts to follow its example. Numerous developers utilized the OlymousDAO codebase to try their luck at creating their own forks.

As mentioned above, they did this by taking an already existing blockchain and implementing new code. This way the developers don’t have to start from scratch. This approach ended up developing into a variety of new coins/tokens that you can now trade on popular exchanges like Binance or Bybit.

Additionally, OHM’s protocol-owned liquidity method acted as an incentive for the DeFi 2.0 movement. This resulted in one of the more successful OlympusDAO forks - Wonderland’s TIME token.

Other examples include Klima, RomeDAO, and TempleDAO, among many others. It’s important to note that the former, KLIMA, was the first official OHM fork that received approval from the OlympusDAO developers. Moreover, KLIMA aims to fight climate change by offering a cryptocurrency that is backed by carbon assets. 

Unfortunately, not all OHM forks had favorable outcomes. For instance, OlympusDAO fork AnubisDAO has been enveloped in chaos after an alleged rug pull in late 2021 where investors suffered losses of around $60 million in ETH. AnubisDAO offered its ANKH token intending to take advantage of the dog-coin trend and pull a rug pull scam.

Rug pull is a type of scam in the crypto sector that happens when rogue developers abandon the project and get away with all of the investor’s funds. Thus leaving the investors with a digital asset that is worth nothing.

OHM’s success has enabled many new cryptocurrencies to come about. However, most of the developers of these coins/tokens remain anonymous. This is concerning since there will be no one to be held accountable in case the protocol just disappears.

technical indicator<\/strong><\/strong><\/a> that predicts the fluctuations of an asset's price using volume flow. It is a compounding indicator that measures purchasing and selling pressure by adding <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-volume/">volume on up days and subtracting volume on down days.<\/p>\n<p>When an asset's price closes higher than the previous close, the full day's volume is referred to as up-volume. However, when the asset's price ends lower than its prior close, the volume is called <strong>down-volume<\/strong>.<\/p>\n<p>Note that OBV only generates volume on markets that have exchange volume, just like other volume-based indicators like <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-money-flow-index-mfi/">MFI, <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-negative-volume-index-nvi/">NVI, the <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-klinger-oscillator/">Klinger oscillator<\/strong><\/strong><\/a>, and so on.<\/p>\n<p>OBV metric was founded by Joseph Granville. He argues that volume determines how financial markets operate, and that price changes are mostly determined by it. If the <strong>market volume of an asset increases<\/strong> dramatically, he believes that the price is about to see a large spike (upwards or downwards).<\/p>\n<p>The OBV can be determined based on the closing price:<\/p>\n<ul>\n<li>OBV = Previous OBV - Current Day&rsquo;s Volume &ndash; <em>when the closing price for the past 24 hours is lower than the previous closure price.<\/em><\/li>\n<li>OBV = Previous OBV &ndash; <em>when the closing price for the past 24 hours is equal to the previous closing price.<\/em><\/li>\n<li><strong>OBV = Current Day&rsquo;s Volume + Previous OBV<\/strong> &ndash; <em>when the closing price for the past 24 hours is above the previous closing price.<\/em><\/li>\n<\/ul>\n<p>Though note that the absolute OBV is not important because the OBV line will determine the market trends.<\/p>\n<p>Here are the steps of using the OBV to determine asset&rsquo;s price fluctuations:<\/p>\n<ul>\n<li>Define the trend for OBV.<\/li>\n<li>Check whether the <strong>present trend<\/strong> is in line with the underlying asset's trend.<\/li>\n<li>Find and mark the levels of support and resistance.<\/li>\n<li>When the OBV lines you've made break through their resistance levels, <strong>accurate signals<\/strong> that indicate whether the asset&rsquo;s price is moving upwards or downwards.<\/li>\n<\/ul>\n<p>Note that closing prices are important to consider when searching for resistance breaks. Besides, keep in mind that due to large volume spikes, the OBV indicator can become ineffective for a period of time. If this happens, you should <strong>wait for the end of the settling period<\/strong> (the time between the trades when an order is being processed).<\/p>\n<p>Furthermore, divergence signals can predict a trend reversal in either a bullish or bearish direction. They are predicated on the principle that <strong>volume always takes precedence over price<\/strong>. As a result, a bearish divergence is established when OBV falls or closes lower than its prior low. On the other hand, a bullish divergence occurs when OBV increases and closes at a higher price than the prior close.<\/p>\n<p>However, it's vital to remember that <strong>OBV alone isn't sufficient for accurately predicting bearish and bullish trends<\/strong>. For this type of research, additional technical indicators like <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-moving-average-convergence-divergence-macd/">MACD or <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-relative-strength-index-rsi/">RS&nbsp;should be used.<\/p>","definition":"a technical indicator that uses volume flow to predict an asset's price fluctuations.","status":"published","meta_title":"What is On-Balance Volume (OBV)? Definition & Meaning | Crypto Wiki","meta_description":"On-Balance Volume (OBV) meaning: On-Balance Volume (OBV) - a technical indicator that uses volume flow to predict an asset's price fluctuations.","meta_keywords":null}" :prev-section="{"id":538,"wikipedia_url":"https:\/\/en.wikipedia.org\/wiki\/Offshore_bank","level":"easy","author_id":1,"created_at":"2023-06-19T06:59:00.000000Z","updated_at":"2023-12-10T10:28:54.000000Z","slug":"what-is-offshore-account","title":"What is Offshore Account?","section":"O","keyword":"Offshore Account","content":"<p>An offshore account is a <strong>foreign bank account<\/strong> that stores assets and investments outside of your country of residency. Offshore accounts work like local bank accounts &ndash; you can access them online and use them to make money transactions. Some outside service businesses offer prepaid debit cards that can be <strong>linked to your offshore account<\/strong>.<\/p>\n<p>An offshore account has plenty of benefits. The following are the main ones:<\/p>\n<ul>\n<li>It offers a secure way to keep your <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-digital-asset/">digital assets<\/strong><\/a> or <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-token/">tokens on a <strong>mobile app<\/strong>.<\/li>\n<li>It offers additional levels of anonymity and protection.<\/li>\n<li>It provides you with the same rights in terms of loans, debts, and liabilities as a person using <strong>regular banks<\/strong> has.<\/li>\n<li>It allows you to hold multiple currencies.<\/li>\n<li>It provides you with the choice of different investment options.<\/li>\n<li>It offers financial privacy and asset protection.<\/li>\n<\/ul>\n<p><strong>The safest offshore bank countries<\/strong> include&nbsp;Netherlands, Switzerland, Germany, Norway, <strong>Luxembourg<\/strong>, and France. These countries guarantee the highest level of confidentiality while preserving and safeguarding depositor information. When it comes to protecting assets from domestic lawsuits, this level of secrecy is particularly useful.<\/p>\n<p>Using an offshore account to trade <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-cryptocurrency/">cryptocurrencies makes the process a lot easier. It <strong>removes a lot of obstacles<\/strong> for regular traders, and, in some cases, it's the only way to actually get reasonable tax returns.&nbsp;<\/p>\n<p>However, opening an offshore account might be a bit hard and there might be some restrictions based on your nationality. Therefore, you should consult with professionals to choose an offshore bank that is the best option for you.<\/p>","definition":"a foreign bank account containing assets and investments outside of your country of residence.","status":"published","meta_title":"What is Offshore Account? Definition & Meaning | Crypto Wiki","meta_description":"Offshore Account meaning: Offshore Account - a foreign bank account containing assets and investments outside of your country of residence.","meta_keywords":null}" :model="{"id":621,"wikipedia_url":"https:\/\/en.wikipedia.org\/wiki\/Fork_(blockchain)","level":"medium","author_id":1,"created_at":"2023-06-19T06:59:00.000000Z","updated_at":"2023-12-10T10:31:52.000000Z","slug":"what-is-ohm-fork","title":"What is OHM Fork?","section":"O","keyword":"OHM Fork","content":"<p>Let&rsquo;s begin by establishing <strong>what a <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-fork-blockchain/">fork means<\/strong> in blockchain terms. A fork is what happens when a blockchain is split into two versions due to major upgrades. These different blockchain versions run parallel to each other.<\/p>\n<p>Since blockchain technology is built on open-source protocols, anyone can look through the blockchain&rsquo;s code, learn how it was created, and brainstorm on different ways to improve it. If said brainstorming is successful and you end up with a solid idea and plan, you can provide relevant solutions or create a new &ldquo;cryptocurrency&rdquo;.<\/p>\n<p>Essentially, that&rsquo;s what the term OHM Fork describes. The process of <strong>adding new code to the OlympusDAO database results in various variants of the blockchain<\/strong>.&nbsp;<\/p>\n<p>In short, by adding unique code to a blockchain that already exists such as <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//buy-bitcoin-btc/">Bitcoin or <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//buy-ethereum-eth/">Ethereum, the users can create new &ldquo;cryptocurrencies&rdquo;. This way they don&rsquo;t need to write the code from the very beginning like most successful companies.<\/p>\n<p>OlympusDAO&rsquo;s system based on a new method of sharing liquidity rewards with an ever-growing community has influenced many crypto enthusiasts to follow its example. Numerous developers utilized the OlymousDAO codebase to try their luck at creating their own forks.<\/p>\n<p>As mentioned above, they did this by <strong>taking an already existing blockchain and implementing new code<\/strong>. This way the developers don&rsquo;t have to start from scratch. This approach ended up developing into a variety of new coins\/tokens that you can now trade on popular exchanges like <a href=https://www.bitdegree.org/"//crypto//goon//binance/" target=\"_blank\" rel=\"nofollow noindex noopener\"><strong>Binance<\/strong><\/a> or <a href=https://www.bitdegree.org/"//crypto//goon//bybit/" target=\"_blank\" rel=\"nofollow noindex noopener\"><strong>Bybit<\/strong><\/a>.<\/p>\n<p>Additionally, OHM&rsquo;s protocol-owned liquidity method acted as an <strong>incentive for the <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//learn//what-is-defi-2-0/">DeFi 2.0<\/a> movement<\/strong>. This resulted in one of the more successful OlympusDAO forks - <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//cryptocurrency-prices//wonderland-time-price/">Wonderland&rsquo;s TIME token<\/strong><\/a>.<\/p>\n<p>Other examples include <strong><a href=https://www.bitdegree.org/"https:////www.bitdegree.org//cryptocurrency-prices//klimadao-klima-price/">Klima, <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//cryptocurrency-prices//rome-rome-price/">RomeDAO, and <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//cryptocurrency-prices//templedao-temple-price/">TempleDAO, among many others. It&rsquo;s important to note that the former, <strong>KLIMA, was the first official OHM fork<\/strong> <strong>that received approval from the OlympusDAO developers<\/strong>. Moreover, KLIMA aims to fight climate change by offering a cryptocurrency that is backed by carbon assets.&nbsp;<\/p>\n<p>Unfortunately, <strong>not all OHM forks had favorable outcomes<\/strong>. For instance, OlympusDAO fork <strong>AnubisDAO<\/strong> has been enveloped in chaos after an alleged <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-rug-pull/">rug pull<\/strong><\/a> in late 2021 where investors suffered losses of around $60 million in ETH. AnubisDAO offered its ANKH token intending to take advantage of the dog-coin trend and pull a rug pull scam.<\/p>\n<p><em>Rug pull is a type of scam in the crypto sector that happens when rogue developers abandon the project and get away with all of the investor&rsquo;s funds. Thus leaving the investors with a digital asset that is worth nothing.<\/em><\/p>\n<p>OHM&rsquo;s success has enabled many new cryptocurrencies to come about. However, most of the developers of these coins\/tokens remain anonymous. This is concerning since there will be no one to be held accountable in case the protocol just disappears.<\/p>","definition":"a term used to describe the process of implementing upgrades to the OlympusDAO database.","status":"published","meta_title":"What is OHM Fork? Definition & Meaning | Crypto Wiki","meta_description":"OHM Fork meaning: OHM Fork - a term used to describe the process of implementing upgrades to the OlympusDAO database.","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 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