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What coins can D3 mine?

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What coins can D3 mine? Editor\’s note: This article is from BlockBeats (ID: blo

What coins can D3 mine?

What coins can D3 mine? Editor’s note: This article is from BlockBeats (ID: blockbeats), authorized for reprint by Odaily Planet Daily.

The total locked value (TVL) of decentralized finance (DeFi) protocol is 2.16 billion US dollars, while the TVL based on Ethereum and Bitcoin networks is 4.05 billion US dollars. According to the D3 official website, more than 30 exchanges are currently using D3 for token swapping, liquidity mining, or market-making operations. However, these platforms require payment of a certain amount of gas fees to complete these processes. Therefore, D3 can help users directly access DEX or perform other transactions on Uniswap. In addition, D3 also achieves smart contract automation by providing an automated way for smart contracts to run. In simple terms, as long as you deploy wallet applications on it, you can start trading.

So how can D3 become a secure, reliable, and permissionless decentralized financial system? In fact, there are already teams building various services, such as cross-chain connectivity and insurance products, etc. However, we know that these projects are mainly composed of several big brands, namely ConsenSys’ Quorum, Hyperledger Fabric, and Corda, the development company of Polkadot’s Substrate framework.

Regarding D3, I think the first thing to understand is what coins can D3 mine. Because there are many types of assets available in D3: ERC-20 tokens, ERC-1155 tokens, and some special token types. At this point, you can put any ERC-20 token in the Ethereum blockchain just like using Bitcoin, and then convert them into other tokens or create new tokens (such as UNI). Of course, there is also a big difference, that is, D3 does not have the concept of issuing tokens (such as ETH); so D3 is not necessarily a cryptocurrency, it is a category built on an open protocol.

If you want to learn more about the specific information and processes of D3, please visit https://www.cryptovalley.com/.

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