Lecture 3.0.0. Practical Session: Identifying Components of each Blockchain Ecosystem
We have seen the Decentralized Market System (DMS) is based on the new-generation of blockchains. Each of these new-generations attempts to build a DMS around itself by developing these five components:
(i). Smart contracts
(ii). Decentralized Applications (DApps)
(iii). Oracles
(iv). Protocols
(v). User Interfaces (Decentralized exchanges - Dex)
These five components of a blockchain DMS, therefore, collectively form the Blockchain Ecosystem.
This practical session is for you to analyze the Blockchain Ecosystems that are in the Crypto Market by answering seven major questions on each ecosystem. By the time you have finished this exercise, your knowledge of the rapidly emerging DMS will have been enhanced and this will open your eyes to know how to turn your pennies into millions of dollars.
3.0.1. Analyze Ethereum Ecosystem
A. Identify the five components of the Ethereum Ecosystem.
B. What are the native tokens of each of these five components of the Ethereum Ecosystem?
C. When was each of these components of the Ethereum Ecosystem launched?
D. What was the price of the native token of each of these five components of the Ethereum Ecosystem?
E. What is the current price of the native token of each of these five components of the Ethereum Ecosystem?
F. Are they affordable to you?
G. Can you buy and hold them right away?
3.0.2. Analyze Binance Ecosystem
A. Identify the five components of the Binance Ecosystem.
B. What are the native tokens of each of these five components of the Binance Ecosystem?
C. When was each of these components of the Binance Ecosystem launched?
D. What was the price of the native token of each of these five components of the Binance Ecosystem?
E. What is the current price of the native token of each of these five components of the Binance Ecosystem?
F. Are they affordable to you?
G. Can you buy and hold them right away?
3.0.3. Analyze Cardano Ecosystem
A. Identify the five components of the Cardano Ecosystem.
B. What are the native tokens of each of these five components of the Cardano Ecosystem?
C. When was each of these components of the Cardano Ecosystem launched?
D. What was the price of the native token of each of these five components of the Cardano Ecosystem?
E. What is the current price of the native token of each of these five components of the Cardano Ecosystem?
F. Are they affordable to you?
G. Can you buy and hold them right away?
3.0.4. Analyze Solana Ecosystem
A. Identify the five components of the Solana Ecosystem.
B. What are the native tokens of each of these five components of the Solana Ecosystem?
C. When was each of these components of the Solana Ecosystem launched?
D. What was the price of the native token of each of these five components of the Solana Ecosystem?
E. What is the current price of the native token of each of these five components of the Solana Ecosystem?
F. Are they affordable to you?
G. Can you buy and hold them right away?
3.0.5. Analyze Polkadot Ecosystem
A. Identify the five components of the Polkadot Ecosystem.
B. What are the native tokens of each of these five components of the Polkadot Ecosystem?
C. When was each of these components of the Polkadot Ecosystem launched?
D. What was the price of the native token of each of these five components of the Polkadot Ecosystem?
E. What is the current price of the native token of each of these five components of the Polkadot Ecosystem?
F. Are they affordable to you?
G. Can you buy and hold them right away?
3.0.6. Analyze Polygon (Matic) Ecosystem
A. Identify the five components of the Polygon Ecosystem.
B. What are the native tokens of each of these five components of the Polygon Ecosystem?
C. When was each of these components of the Polygon Ecosystem launched?
D. What was the price of the native token of each of these five components of the Polygon Ecosystem?
E. What is the current price of the native token of each of these five components of the Polygon Ecosystem?
F. Are they affordable to you?
G. Can you buy and hold them right away?
3.0.7. Upcoming Blockchain Ecosystems
What are the other upcoming Blockchain Ecosystems? Analyze each of them using the above seven questions?