Questions tagged [what does it do]

Stefano Sun Dec 08 2024 | 7 answers 1553

I'm wondering about the function of XY on a calculator. I want to know specifically what operation or calculation it performs.

Chloe_martinez_explorer Thu Dec 05 2024 | 7 answers 1641

Waves crypto is a blockchain platform designed for large-scale commercial and consumer use. It enables traditional businesses and end-users to enjoy the benefits of blockchain technology. Features include unlimited transactions, secure and fast trading, and asset custody in users' own wallets. Additionally, Waves supports decentralized financial applications and has a focus on DeFi markets, offering tools like stablecoin protocols and automated market makers for efficient trading.

KimonoElegantGlitter Thu Dec 05 2024 | 5 answers 1129

I've heard about PI coin and I'm curious to know what it actually does. Is it like other cryptocurrencies? Can it be used for transactions or does it have some special utility? I want to understand the purpose and functionality of PI coin.

StormGalaxy Mon Nov 25 2024 | 7 answers 1159

Terra coin, including both Luna and its stablecoin UST, plays a pivotal role in the Terra ecosystem. Luna serves as the native staking token, while UST is designed to maintain a stable value pegged to the US dollar, facilitating transactions and providing a foundation for various decentralized financial applications within the Terra network.

henry_grayson_lawyer Mon Nov 25 2024 | 7 answers 1534

The Acala token, known as ACA, is the native token of the Acala Network, a decentralized finance (DeFi) platform built on the Polkadot ecosystem. ACA serves multiple purposes within the network, including providing governance rights to token holders, enabling them to vote on various proposals, and allowing token staking. Additionally, ACA is used for payment of network fees, as collateral for smart contracts, and for node incentives, algorithm risk adjustments, and network and protocol governance.