A Deep Dive Into How the Top 10 DAOs Work

## ما هو مشروع 0x وعملة (ZRX)؟

0x هو بروتوكول بنية تحتية يسمح للمستخدمين بتداول الرموز المشفرة القائمة على سلسلة كتل إيثريوم وفق (ERC20) وغيرها من الأصول الأخرى بسهولة على سلسلة كتل [إيثريوم](https://coinmarketcap.com/ar/currencies/ethereum/) من دون وسطاء مركزيين مثل بورصات [العملات المشفرة](https://coinmarketcap.com/alexandria/article/what-are-cryptocurrencies) التقليدية.

ويحقق 0x وظيفة التبادل اللامركزية هذه باستخدام مجموعة من [العقود الذكية](https://coinmarketcap.com/alexandria/glossary/smart-contract) مفتوحة المصدر، والقابلة للتدقيق العام والتي تعمل معا لإنتاج بروتوكول تداول مرن وبلا وسطاء، يمكن للمطورين نسجه بسهولة في منتجاتهم.

يعمل البروتوكول بواسطة الرمز المشفر الخاص به والقائم على سلسلة كتل إيثريوم (ERC20)، ويعرف باسم عملة ZRX المشفرة. تستضيف العقد التي تستضيف (المعروفة أيضا باسم نقاط الترحيل) دفتر أوامر خارج السلسلة وتطبيقات واجهة مستخدم تقدم هذه المعلومات وتسمح للمستخدمين بإجراء المعاملات وتعبئتها وإلغائها مع دفع ZRX (كرسوم تداول). كما تستخدم ZRX أيضاً للمشاركة في الحوكمة على المنصة، حيث تساعد حامليها في اقتراح تغييرات على البروتوكول والتصويت عليها.

في عام 2019، [أعلنت](https://blog.0xproject.com/0x-roadmap-2019-part-4-proposal-for-stake-based-liquidity-incentive-52c16558df29) 0x عن إصلاح شامل لرمز ZRX المشفر، من خلال إضافة وظائف إضافية تسمح لحاملي ZRX بتفويض عملاتهم المخزنة إلى صانع السوق مقابل كسب مكافآت وذلك دون التخلي عن قدرتهم على التصويت.

## من هم مؤسسو 0x؟

تأسست 0x في عام 2016 من قبل ويل وارن وأمير بانديللي. وما زال المؤسسان المشاركان يواصلان خدمة المنصة، حيث يشغل ويل وارن منصب الرئيس التنفيذي لشركة 0x، في حين يحظى أمير بانديلي بمنصب الرئيس التنفيذي للتكنولوجيا.

تم إطلاق المنصة بعد طرح أولي ناجح للعملة ([ICO](https://coinmarketcap.com/alexandria/glossary/initial-coin-offering-ico)) في عام 2017، جمعت خلاله ما مجموعه 24 مليون دولار — بدعم من شركات استثمار بارزة مثل Polychain Capital وPantera Capital وFBG Capital.

قبل الطرح الأولي، عمل وارن في العديد من الوظائف المرتبطة بالبحث وشغل لفترة وجيزة دور المستشار الفني لعملة [الانتباه الأساسي (BAT)](https://coinmarketcap.com/ar/currencies/basic-attention-token/). فيما تخرج بانديلي من جامعة إلينوي بدرجة البكالوريوس في العلوم المالية وشغل العديد من المناصب التجارية قبل المشاركة في تأسيس 0x.

ويتكون الفريق الآن من أكثر من 30 فردا من مهندسين، وباحثين، ومصممين يعملون على تحديث المنصة والحفاظ على تشغيلها بسلاسة.

## ما الذي يميّز 0x؟

على عكس العديد من بروتوكولات التبادل اللامركزية الأخرى لسلسلة إيثريوم، تدعم 0x كلا من الرموز المميزة المشفرة للاستبدال (ERC20) وغير القابلة للاستبدال (ERC-723). وهذا يعني أنها توفر وظيفة التداول بدون وسيط لمجموعة واسعة من الأصول، مانحة أصحابها طريقة لشراء وبيع وتبادل غالبية الأصول القائمة على سلسلة إيثريوم من خلال أكثر من اثني عشر تطبيقا مختلفا.

يمكن تطبيق بروتوكول 0x على مجموعة واسعة من حالات الاستخدام، بما في ذلك الأسواق على غرار متاجر السلع والخدمات الرقمية، ومكاتب التداول خارج البورصة، ووظائف التبادل لبروتوكولات التمويل اللامركزي، إلى جانب منصات التداول اللامركزية القديمة العادية.

على الرغم من أنه يمكن استخدام 0x لبناء منتجات تبادل مرنة للغاية، إلا أنه يمكن أيضا دمجها في المنتجات التي يكون فيها تبادل الأصول ميزة ثانوية — مثل عمليات الشراء داخل الألعاب ومنصات إدارة المحافظ الاستثمارية.

في بروتوكول 0x، يدفع الآخذون رسوم السيولة عن طريق رمز ZRX المشفر — ويتم استخدام هذه الرسوم لتعزيز سيولة صانع السوق (المرحّل). إلى جانب ذلك، يحتاج المستخدمون أيضا إلى دفع رسوم بروتوكول بواسطة عملات إيثريوم (ETH)، التي تستخدم لدفع تكلفة الغاز للمعاملات التي يقومون بإجرائها. كبروتوكول مفتوح المصدر، لا تحصل منصة 0x على أي حصة من هذه الإيرادات، بل يحصل على الدعم على شكل رموز ZRX المشفرة التي تم إلغاء قفلها كحوافز للفريق والمطورين — إلى جانب ما لديها من تمويل حصلت عليه عند الطرح الأولي.

#### صفحات ذات صلة:

تعرف على [يونيسواب (UNI)](https://coinmarketcap.com/ar/currencies/uniswap/) — بديل متطور عن 0x.

انقر [هنا](https://coinmarketcap.com/alexandria/article/how-to-use-uniswap) لتعلّم كيفية استخدام يونيسواب خطوة بخطوة.

تعرّف على شبكة [فيروم نتورك (FRM)](https://coinmarketcap.com/ar/currencies/ferrum-network/) — منصة لبناء منتجات مالية قائمة على سلسلة الكتل.[](https://coinmarketcap.com/ar/currencies/ferrum-network/)

تابع آخر الأخبار عبر [مدونة CoinMarketCap](https://blog.coinmarketcap.com/).

### كم عدد عملات 0x (ZRX) المتداولة؟

مثله مثل العديد من الأصول الرقمية، يمتلك رمز ZRX المشفّر حداً أقصى ثابت من المعروض لن يتم تجاوزه أبدا. وقد تم تحديد هذا السقف بـ 1 مليار ZRX. في الوقت الحالي، يوجد حوالي ثلاثة أرباع هذا المعروض الأقصى بالتداول فعلياً، وجزء صغير منه مخزّن مؤقتاً للحصول على مكافآت إثبات الحصّة.

وعلى عكس العديد من البروتوكولات، لم يوضّح 0x أبدا معدل سكّ (خلق) رموز ZRX المشفرة، مما يجعل من الصعب تحديد المدة التي سيتطلبها الأمر يتم وضع كامل المعروض في التداول. ولكن، بما أن 50% من المعروض المتداول قد تمّ الإفراج عنه عند إطلاق الرمز المشفّر في أغسطس 2017 ووصول هذه النسبة إلى 75% بحلول أكتوبر 2020، يشير هذا إلى أن كامل المعروض قد يصبح في التداول قبل انتهاء النصف الأول من العقد الحالي.

وفقا [لبيانات مبكرة تم نشرها عبر مدونة](https://blog.0xproject.com/announcing-the-0x-token-zrx-launch-d4c097d893c7) من قبل الرئيس التنفيذي لـ 0x، ويل وارن، تم بيع نصف المعروض الإجمالي من رمز ZRX المشفر للمستثمرين خلال الطرح الأولي عام 2017، في حين تم حجز 15% منه لصالح مؤسسة التطوير القائمة على مشروع 0x، وصندوق تطوير المشاريع الخارجي، كما تم حجز 10% أخرى للفريق المؤسس مع جدول استحقاق يمتد على أربع سنوات وخط زمني للتسليم على مدى عام واحد، فيما تم الاحتفاظ بنسبة 10% المتبقية للداعمين والمستشارين الأوائل.

### كيف يتم تأمين شبكة 0x؟

تم بناء 0x على سلسلة كتل إيثريوم. ونتيجة لذلك، تتولى حمايتها ضد الهجمات الشبكة الضخمة من المعدّنين والعقد لشبكة إيثريوم.

أما بالنسبة للعقود الذكية الأساسية، فقد تم تدقيق الإصدار 3 من البروتوكول من قبل العديد من الأطراف الخارجية التي فحصتها للتحقق مما إذا كانت هناك أي نقاط ضعف كامنة، أبواب خلفية، أو وظائف زائدة عن الحاجة، بما فيهم "[ConsenSys Diligence](https://diligence.consensys.net/audits/2019/09/0x-v3-exchange/)" — ولم يتم العثور على أي مشكلات رئيسية.

ومع ذلك، تم العثور على ثغرة أمنية في العقد الذكي النسخة 2.0، والذي تم تصحيحه لاحقا من قبل الفريق الأساسي لـ 0x. تم [اكتشاف](https://blog.0xproject.com/shut-down-of-0x-exchange-v2-0-contract-and-migration-to-patched-version-6185097a1f39) هذه الثغرة الأمنية من قبل باحث مستقل ولم يتم استغلالها. وتواصل 0x وضع مكافآت كبيرة لمكتشفي الأخطاء، وذلك بهدف المساعدة في اكتشاف أي مشكلات وتصحيحها قبل استغلالها.

### أين يُمكن شراء 0x (ZRX)؟

عملة ZRX متاحة حاليا للتداول على أكثر من 200 منصة تبادل مختلفة، ولكن أكثرها شعبية [كوينباس برو](https://coinmarketcap.com/ar/exchanges/coinbase-pro/)، و[بينانس](https://coinmarketcap.com/ar/exchanges/binance/)، و[بيتماكس](https://coinmarketcap.com/ar/exchanges/bitmax/). حيث يمكن تداولها مقابل مجموعة من العملات المشفرة الأخرى، بما في ذلك بيتكوين (BTC) وتيثر (USDT) وإيثريوم (ETH)، بالإضافة إلى العديد من العملات الورقية، بما فيها الدولار الأمريكي (USD) واليورو (EUR) وون كوريا الجنوبية (KRW).

هل ترغب بتحويل عملتك الورقية إلى عملة مشفرة؟ [اعرف كيفية القيام بذلك](https://coinmarketcap.com/how-to-buy-bitcoin/).

0x Protocol

Ledger

Coinbase

Trust Wallet

MetaMask

Atomic wallet

Welcome to 0x Protocol's Community channel aggregated by CoinMarketCap.

Ethereum

Shiba Inu

Chainlink

UNUS SED LEO

Render

Holo

SPACE ID

Ethereum Name Service

Memecoin

Ankr

Compound

DeXe

1inch Network

OriginTrail

Threshold

Ten Best Coins

Brett

Landwolf

Peepo

Advanced Project

Compound is a DeFi lending protocol that allows users to earn interest on their cryptocurrencies by depositing them into one of several pools supported by the platform.

To learn more about this project, check out our deep dive of Compound.

When a user deposits tokens to a Compound pool, they receive cTokens in return. These cTokens represent the individual’s stake in the pool and can be used to redeem the underlying cryptocurrency initially deposited into the pool at any time. For example, by depositing ETH into a pool, you will receive cETH in return. Over time, the exchange rate of these cTokens to the underlying asset increases, which means you can redeem them for more of the underlying asset than you initially put in — this is how the interest is distributed.

On the flip side, borrowers can take a secured loan from any Compound pool by depositing collateral. The maximum loan-to-value (LTV) ratio varies based on the collateral asset, but currently ranges from 50 to 75%. The interest rate paid varies by borrowed asset and borrowers can face automatic liquidation if their collateral falls below a specific maintenance threshold.

Since the launch of the Compound mainnet in September 2018, the platform has skyrocketed in popularity, and recently passed more than $800 million in total locked value.

Basic Attention Token, or BAT, is the token that powers a new blockchain-based digital advertising platform designed to fairly reward users for their attention, while providing advertisers with a better return on their ad spend.

To learn more about this project, check out our deep dive of Basic Attention Token.

This experience is delivered through the Brave Browser, where users can watch privacy-preserving adverts and receive BAT rewards for doing so. On the other hand, advertisers can deliver targeted ads to maximize engagement and cut down losses due to ad fraud and abuse.

The Basic Attention Token itself is the unit of reward in this advertising ecosystem, and is exchanged between advertisers, publishers and users. Advertisers pay for their advertising campaigns in BAT tokens. Out of this budget, a small portion is distributed to advertisers, while 70% is distributed to users — whereas the intermediaries that typically drive up advertising costs are cut out of the equation to improve cost-efficiency.

Basic Attention Token launched in 2017 following one of the fastest sell-out initial coin offerings (ICOs) of all time, with the platform raising a total of $35 million in under a minute. Since then, it has rolled out its attention-based advertising experience to users in most countries through its Brave Rewards program.

As of November 2020, the United States, the United Kingdom and Canada had the most active advertising campaigns.

Basic Attention Token

Ren (REN) is an open protocol built to provide interoperability and liquidity between different blockchain platforms.

To learn more about this project, check out our deep dive of Ren.

Formerly known as Republic Protocol, Ren launched RenVM, its virtual machine mainnet, in May 2020, having completed a $34 million initial coin offering (ICO) in 2018.

The protocol’s native token, REN, functions as a bond for those running nodes which power RenVM, known as Darknodes.

Ren aims to expand the interoperability, and hence accessibility, of decentralized finance (DeFi) by removing hurdles involved in liquidity between blockchains.

OMG Network, formerly known as OmiseGo, is a non-custodial, layer-2 scaling solution built for the Ethereum blockchain. As an Ethereum scaling solution, OMG Network is designed to allow users to transfer ETH and ERC20 tokens significantly faster and cheaper than when transacting directly on the Ethereum network.

The network is based on a novel scaling solution called MoreViable Plasma, which uses a sidechain architecture to group several transactions off-chain into a batch, which can then be verified as a single transaction on the Ethereum root chain. According to OMG Network, this technology has the potential to scale Ethereum to thousands of transactions per second (TPS) — instead of the 10 to 14 tps Ethereum 1.0 is currently capable of.

The network is powered by the OMG utility token, which can be used as one of the payment methods for fees on the OMG Network, and will eventually be stakable — helping to secure the network in return for rewards.

OMG Network

Bancor is an ecosystem of decentralized, open-source protocols that promote on-chain trading and liquidity.

Its main protocol, Carbon, is a decentralized trading protocol allowing users to perform automated trading strategies using custom on-chain limit orders and range orders, with the option of combining orders together to create automated buy low, sell high strategies.

By design, Carbon orders are irreversible on execution, easily adjustable directly on-chain, and resistant to MEV sandwich attacks. These capabilities give users an unprecedented level of control and automation to perform novel trading strategies on-chain.

Fast Lane, a separate open-source arbitrage protocol, allows any user to perform arbitrage between Bancor ecosystem protocols and external on-chain exchanges and redirect arbitrage profits back to the Bancor ecosystem.

All Bancor ecosystem protocols are governed by the BancorDAO via staked BNT.

Bancor

Synthetix is building a decentralized liquidity provisioning protocol that any protocol can tap into for various purposes. Its deep liquidity and low fees serve as a backend for many exciting protocols on both Optimism and Ethereum. Many user-facing protocols in the Synthetix ecosystem, such as Kwenta (Spot and Futures), Lyra (Options), Polynomial (Automated Options), and 1inch & Curve (Atomic Swaps), tap into Synthetix liquidity to power their protocols. Synthetix is built on Optimism and Ethereum mainnet. The Synthetix Network is collateralized by SNX, ETH, and LUSD, enabling the issuance of synthetic assets (Synths). Synths track and provide returns on the underlying asset without requiring one to directly hold the asset. This pooled collateral enables an array of on-chain, composable financial instruments backed by liquidity from Synthetix. Some of the most exciting upcoming releases from SNX are Perps V2, which hopes to enable low-fee on-chain futures trading through the usage of off-chain oracles, and Synthetix V3, which aims to rebuild the protocol to achieve its earliest goal, being a fully permissionless derivatives protocol. Learn more about Synthetix on their blog or by joining the SNX Discord.

The platform aims to broaden the cryptocurrency space by introducing non-blockchain assets, providing access to a more robust financial market.

Synthetix

UMA was founded in 2018 by Allison Lu and Hart Lambur, two ex Goldman Sachs traders, with the goal of making global markets universally fair, accessible, secure and decentralized.

The team drew inspiration from traditional finance derivatives to define an open-source protocol to allow anyone, anywhere, to design and build trustless financial contracts.

Tezos is a high-performing blockchain and open-source platform for assets and applications, with a strong focus on code security, on-chain governance, and decentralization. Tezos 2.0, the upcoming step in the evolution of Tezos, aims to improve scalability (via layer 2s), composability, and to implement support to mainstream programming languages (like Javascript, Typescript, Python, and many others).

Initially built with formal verification in mind, the Tezos protocol enables builders to avoid bugs when developing smart contracts, making it particularly suited to applications that require a high degree of security and certainty.

Tezos’ LPoS (Liquid Proof-of-Stake) consensus mechanism enables any stakeholder to take part, directly or by delegation, in the consensus process, and to be rewarded for securing the network. Rather uniquely, Tezos’ on-chain governance system also enables stakeholders to create and vote on protocol upgrade proposals. This pioneering system allows the protocol to self-amend and upgrade itself without leading to a split (or fork) in the blockchain, empowering the community without slowing down innovation.

First proposed in 2014 and launched in 2018, the Tezos Mainnet has a proven track record of running uninterrupted ever since, having earned a strong reputation for technical excellence and a supportive community.

Tezos

LRC is the Ethereum-based cryptocurrency token of Loopring, an open protocol designed for the building of decentralized crypto exchanges.

In 2020, the average daily trading volume of the entire cryptocurrency market fluctuated in the approximate range of $50-$200 million. Most of that trading is conducted on centralized cryptocurrency exchanges — online platforms operated by private companies that store users’ funds and facilitate the matching of buy and sell orders.

Such platforms have a number of downsides common to all of them, so a new type of exchange — decentralized— has emerged to try to alleviate these disadvantages. However, fully decentralized exchanges are not without their own flaws.

Loopring’s purported goal is to combine centralized order matching with decentralized on-blockchain order settlement into a hybridized product that will take the best aspects of both centralized and decentralized exchanges.

LRC tokens became available to the public during an initial coin offering (ICO) in August 2017, while the Loopring protocol was first deployed on Ethereum mainnet in December 2019.

Loopring

Ontology is a project designed to bring trust, privacy, and security to Web3 through decentralized identity and data solutions. It is building the infrastructure to provide trusted access to Web3, allowing individuals and enterprises to rest assured that through regulatory compliant digital identity solutions, users and their privacy come first.

The Ontology blockchain is a high speed, low cost public blockchain. It is designed to bring decentralized identity and data solutions to Web3, with the goal of increasing privacy, transparency, and trust. To achieve this, users and enterprises are provided with the flexibility to build blockchain-based solutions that suit their needs, while also ensuring regulatory compliance. Through Ontology’s Ethereum Virtual Machine (EVM), Ontology ensures frictionless compatibility with Ethereum, the first step in the creation of the Ontology Multi-Virtual Machine and further interoperability for the chain.

At its launch, Ontology chose to forego the popular initial coin offering (ICO) model in favor of a series of community distributions and airdrops of its ONT cryptocurrency.

This helped to quickly establish both organic price discovery and a passionate community and helped the project to avoid subsequent regulatory scrutiny.

For example, for a brief period any person who signed up for the Ontology newsletter received an airdrop of free 1,000 ONT, which reached a value of $10 per token soon after the token became listed on major exchanges like Binance.

Ontology launched its own MainNet on June 30, 2018 and has been up and running smoothly since.

Ontology

Balancer is an automated market maker (AMM) that was developed on the Ethereum blockchain and launched in March 2020. It was able to raise a $3M seed round by Placeholder and Accomplice. Balancer protocol functions as a self-balancing weighted portfolio, price sensor and liquidity provider. It allows users to earn profits through its recently introduced token ($BAL) by contributing to customizable liquidity pools.

To learn more about this project, check out our deep dive of Balancer(https://coinmarketcap.com/alexandria/article/what-is-balancer.

The protocol operates a few types of pools:

Private pools give the owner governance over the pool, and make the person the sole contributor of liquidity to the pool. Also, all the parameters are mutable by the owner.

Shared pools are for those who want to become liquidity providers (LPs). The LPs are rewarded with the Balancer Pool Tokens (BPTs).

Smart pools are similar to private pools but are controlled by a smart contract. They also reward using BPTs and allow anyone to contribute liquidity to the pool.

Balancer

Apps use ICON to operate cross-chain seamlessly, build momentum and gain reputation. ICON's Cross-Chain Framework simplifies cross-chain development with its easy-to-use xCall messaging standard and connections to secure bridging protocols.

ICON

Band Protocol is a cross-chain data oracle platform that is able to take real-world data and supply it to on-chain applications, while also connecting APIs to smart-contracts to facilitate the exchange of information between on-chain and off-chain data sources.

By supplying reputable, verifiable real-world data to blockchains, Band Protocol unlocks a range of new use cases for developers to explore — since they can now use any type of real-world data as part of their decentralized application (DApp) logic, including sports, weather, random numbers, price feed data and more.

Band Protocol initially launched as an ERC-20 project on the Ethereum blockchain in September 2019, but transitioned to the Cosmos network in June 2020 with the release of Band Protocol 2.0. The new protocol is built on BandChain using the Cosmos SDK. Oracle nodes on BandChain not only relay data but are also involved in block production/validation, giving them a dual role.

BAND is the native token of the Band Protocol ecosystem and is used as collateral by validators involved in fulfilling data requests, as well as the main medium of exchange on BandChain — being used to paying for private data.

Band Protocol

Curve is a decentralized exchange for stablecoins that uses an automated market maker (AMM) to manage liquidity.

Launched in January 2020, Curve is now synonymous with the decentralized finance (DeFi) phenomenon, and has seen significant growth in the second half of 2020.

In August, Curve launched a decentralized autonomous organization (DAO), with CRV as its in-house token. The DAO uses Ethereum-based creation tool Aragon to connect multiple smart contracts used for users’ deposited liquidity. Issues such as governance, however, differ from Aragon in their weighting and other respects.

Curve DAO Token

The EOS Network is an open-source blockchain platform that prioritizes high performance, flexibility, security, and developer experience. As a third-generation blockchain platform powered by the EOS virtual machine, EOS has an extensible WebAssembly engine for deterministic execution of near fee-less transactions.

EOS is the market's most scalable, divisible, and programmable digital currency. EOS is a Delegated Proof of Stake (DPoS) network where stakeholders have the authority to select node operators. Due to the decentralized nature of the token distribution on EOS, power doesn't reside in the hands of block miners, but rather all parties involved in the EOS Network.

The EOS Network is attractive because of its technology and community. It allows developers to build projects that other blockchains cannot support. The network is straightforward and has multiple tools and educational resources to help users acclimate to the blockchain.

Qtum (pronounced ‘“quantum”)  is a proof-of-stake (PoS) smart contract open-source blockchain platform and value transfer protocol. It aims to bring together the strengths of Bitcoinand Ethereumin one chain. Qtum is built on Bitcoin's UTXO transaction model, with the added functionality of smart contract execution and DApps. Recently, the platform added support for DeFi applications. As of March 2021, there are more than 20 tokens created on the Qtum blockchain.

To learn more about this project, check out our deep dive of Qtum.

The project was announced in March 2016 and held an ICO a year after, in March 2017, which brought its founders $15 million USD. The Qtum main chain was released on Sept.13, 2017. Initially, the Qtum coin was issued as a ETH-20 token, but with the launch of the mainnet, it was converted to native blockchain.

Qtum

Storj, pronounced as “storage,” is an open-source cloud storage platform. Basically, it uses a decentralized network of nodes to host user data. The platform also secures hosted data using advanced encryption.

In a white paper published in December,2014, Storj was first introduced to the world as a concept. It was to be a decentralized peer-to-peer encrypted cloud storage platform.

Two years later, an updated white paper was published. Here, a decentralized network  — connecting users who need cloud storage space with those who have hard drive space to sell — was described. The platform was launched in late 2018.

People with hard drive space and good internet connectivity can participate in the network. They become a unit in the network, called a node. Space providers are rewarded by Storj tokens.

Storj

Zcash is a decentralized cryptocurrency focused on privacy and anonymity. It uses the zk-SNARK zero-knowledge proof technology that allows nodes on the network to verify transactions without revealing any sensitive information about those transactions.

Contrary to a common misunderstanding, the majority of cryptocurrencies on the market, including Bitcoin (BTC), are not anonymous, but rather pseudonymous; while they do not explicitly reveal the identities of their users, each user has their own public address or addresses which can be traced back to them via the methods of data science and blockchain forensics.

Zcash transactions, on the other hand, still have to be relayed via a public blockchain, but unlike pseudonymous cryptocurrencies, ZEC transactions by default do not reveal the sending and receiving addresses or the amount being sent. There is an option, however, to reveal this data for the purposes of auditing or regulatory compliance.

Zcash was first released on October 28, 2016, and it was originally based on Bitcoin’s codebase.

Zcash

Yearn.finance is an aggregator service for decentralized finance (DeFi) investors, using automation to allow them to maximize profits from yield farming.

Its goal is to simplify the ever-expanding DeFi space for investors who are not technically minded or who wish to interact in a less committal manner than serious traders.

Launched in February 2020, the service, formerly known as iEarn, has seen huge growth in recent months as new products debuted and developers released in-house token YFI.

yearn.finance

SushiSwap (SUSHI) is an example of an automated market maker (AMM). An increasingly popular tool among cryptocurrency users, AMMs are decentralized exchanges which use smart contracts to create markets for any given pair of tokens.

SushiSwap launched in September 2020 as a fork of Uniswap, the AMM which has become synonymous with the decentralized finance (DeFi) movement and associated trading boom in DeFi tokens.

SushiSwap aims to diversify the AMM market and also add additional features not previously present on Uniswap, such as increased rewards for network participants via its in-house token, SUSHI.