OX PROTOCOL

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51% ATTACK

  • The 0x protocol is an open standard for building decentralized exchanges (DEXs) on the Ethereum blockchain. Launched in 2018, 0x enables developers to incorporate peer-to-peer digital asset exchange into platforms and apps. 0x’s native token is ZRX, which allows holders participation rights in 0x platform governance.

  • The 1inch Liquidity Protocol is an automated market maker (AMM) that is designed to increase liquidity on the protocol and to make use of virtual balances in order to decrease impermanent loss. Users can benefit from providing tokens as liquidity on the 1inch platform through a process that’s called “liquidity mining” — whereby traders provide assets like ETH to a specific pool, lock it in, and earn 1INCH, the native token of the 1inch platform, as interest. This model is similar to native DEX tokens like Uniswap’s UNI, and incentivizes community-based liquidity provision.

  • 3D model rendering is the process of creating a virtual image or animation by using varying digital texture, color, and lighting software. The modeling process uses data points to represent objects in three-dimensional space, which is then rendered from 3D models into 2D images through a computationally heavy process

  • In the US, a 401k is an employer-sponsored, government-supported pension savings plan for employees. 401k plans allow companies to sponsor eligible employees in saving and investing towards retirement by contributing a portion of their income to the plan on a tax-deferred basis. These contributions are often incentivized by employer matching. 401k plans are typically defined by contribution limits, tax advantages, and early withdrawal penalties.

  • A 51% attack is a hypothetical scenario in which more than 50% of a blockchain network's nodes fall under the control of a single group. In such a circumstance, the consensus of a network is no longer sufficiently distributed enough to be viable, leaving the blockchain open to manipulation. Attackers with greater than 50% control of a network would be able to stop, reverse, and duplicate new transactions, a catastrophic condition for any blockchain. Notably, a 51% attack becomes more difficult and expensive as a network grows more sizable, distributed, and valuable.

 

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