Universal Login - EDCON Presentation
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UniversalLogin is an open-source project that solves the usability challenges of Ethereum and blockchain as a whole.
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YemChain and Ethereum are two popular blockchain networks with different features and use cases. This article aims to provide a comprehensive comparison between YemChain and Ethereum, highlighting their similarities and differences.
YemChain is a blockchain network that uses the Proof-of-Authority (PoA) consensus algorithm, while Ethereum uses the Proof-of-Work (PoW) consensus algorithm. The PoA algorithm allows for faster transactions and lower fees compared to PoW. However, it sacrifices decentralization and security, as only authorized nodes are allowed to participate in the consensus process.
Ethereum, on the other hand, is known for its smart contract functionality, which allows developers to create decentralized applications (DApps) on top of the Ethereum blockchain. YemChain also supports smart contracts, but it is not as widely adopted as Ethereum.
In terms of transaction speed, YemChain is faster than Ethereum, with an average block time of 1 second compared to Ethereum's average block time of 15 seconds. YemChain also has a higher transaction throughput, with the ability to handle up to 100,000 transactions per second, while Ethereum can handle only around 15 transactions per second.
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As there are many DeFi applications on the market, finding the top applications can be a difficult process. Here, we will discuss the top 5 DeFi applications – AAVE, Compound, MakerDAO, Synthetix, and MetaMask.
These are some of the widely utilized applications on the market. If you want to learn more about decentralized finance applications, then we have you covered. 101 blockchains feature a blockchain course that focuses on decentralized finance and will help you understand the working mechanism of this new financial structure.
Learn more about the course from here ->
Introduction to DeFi Course
https://academy.101blockchains.com/courses/defi-course
Learn about additional courses and masterclasses for the finance sector ->
Blockchain in Finance Masterclass
https://academy.101blockchains.com/courses/blockchain-in-finance
Central Bank Digital Currency (CBDC) Masterclass
https://academy.101blockchains.com/courses/central-bank-digital-currency
Enterprise Blockchains and Trade Finance Course
https://academy.101blockchains.com/courses/enterprise-blockchains-and-trade-finance
We also offer lucrative certification courses for professionals. Learn more about these courses from here ->
Certified Enterprise Blockchain Professional (CEBP) course
https://academy.101blockchains.com/courses/blockchain-expert-certification
Certified Enterprise Blockchain Architect (CEBA) course
https://academy.101blockchains.com/courses/certified-enterprise-blockchain-architect
Certified Blockchain Security Architect (CBSE) course
https://academy.101blockchains.com/courses/certified-blockchain-security-expert
Read our full guide on this topic ->
https://101blockchains.com/decentralized-finance-applications/
https://101blockchains.com/top-defi-protocols/
https://101blockchains.com/top-defi-wallets/
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https://2024.springio.net/sessions/automated-software-refactoring-with-openrewrite-and-generative-ai/
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- 2. One-stop-shop for your blockchain project Conceptanddesign DApps Smartcontractsdevelopment Customblockchainsandbridges FormalVerificationofsmartcontracts
- 4. The problem
- 5. Usability
- 7. On-boarding 17 steps to buy Ethereum
- 8. Funds Security Seedphrases UX studies show users don't back up their accounts, despite best UI practices. Hardwarewallets Hardware wallets are rarely used, are hackable and don't solve storing issues. Multisigwallets Multisig wallets are way too hard to use for a newbie.
- 9. Ethereum enabled browsers Installingadditionalsoftware Installing additional software is not something users in Web 2.0 era are used to. It is a requirement that kills conversions. Steepentrancecurve A new Ethereum user needs to get familiar with wallets, plugins, exchanges before he can use the desired application. Installplugins Users are browser plugin averse, while they are still the standard way interact with blockchain. That is simply not something you ask user to install.
- 10. Token fees
- 11. Web 2.0
- 12. On-boarding
- 13. On-boarding
- 14. Funds security
- 15. Universal Login
- 18. Technology Universal Login combines three major technological concepts. Personalmultisig Personal multisig makes it easy to use multiple authentications and recovery options while allowing the interface to be simple to use. Metatransactions Meta transaction allows skipping a lot of complicated UI while providing a user simple and actionable UI. UniversalLogin Universal login allows starting interacting with a favourite application, without setup, or redundant software. Just log in and use.
- 20. Components All open-source Available at MIT licence JS SDK JavascriptSDK Relayer Smartcontracts Wallet
- 21. Technological stack Ethers-io getwaffle.io Ethworks
- 23. Traction Pilots and contributors Star 194 Watch 21 Fork 57