Bitcoin Request for Comments (BRC) is a framework for establishing standardized protocols on the Bitcoin blockchain, enabling developers to create new functionalities without modifying Bitcoin's core protocol. The most notable implementation is the BRC-20 standard, which uses Ordinals theory to enable fungible tokens on Bitcoin.
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DEFI
Decentralized Finance (DeFi) is a blockchain-based financial system that provides traditional financial services through smart contracts and decentralized applications (DApps) without requiring central authorities or intermediaries. As a category of financial innovation, DeFi encompasses lending platforms, decentralized exchanges, stablecoins, insurance products, and various other applications, with core characteristics of openness, transparency, and composability.
Define Accountability
Accountability in blockchain and decentralized systems is a governance framework that ensures participants are responsible for their actions, built on three core elements: transparency, responsibility allocation, and consequence management. It functions through immutable records, cryptographic verification, and smart contract execution, differing from traditional centralized systems by incorporating both technical and social dimensions rather than relying on regulatory authorities.
Discord Def
Discord is an instant messaging and digital distribution platform initially designed for gamers that has evolved into a core community-building tool for cryptocurrency and blockchain projects. It offers server creation, multi-channel organization, permission management, and bot integration capabilities, supporting text, voice, and video communications that enable project teams to engage in real-time interaction and information sharing with community members.
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LTV
LTV (Loan-to-Value) ratio is a metric that measures the proportion of a loan amount relative to the value of collateral, expressed as a percentage calculated by dividing the borrowed amount by the collateral value and multiplying by 100%. In cryptocurrency lending markets, LTV serves as a core risk management parameter that determines how much a borrower can borrow against their collateral value, while also establishing the threshold conditions for liquidation events.
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mvp
Minimum Viable Product (MVP) refers to a version of a product with just enough core features to satisfy early adopters, containing the basic functionalities that solve key pain points for the target users while omitting secondary features. In blockchain projects, an MVP typically manifests as an early version of a protocol, platform, or application with fundamental functionalities, aimed at validating the core value proposition and gathering user feedback to guide subsequent development iterations.
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