The field of digital money is full of words that are not always clear even to experienced traders. We talk about what a novice user needs to know in order to pass for his own in any conversation about cryptocurrency. To work in the field of digital money, you need to know and understand many terms. We are preparing for you a list of the most interesting script tools for investing and invite you to familiarize yourself with them.
About AdaSwap project
Let me introduce you to AdaSwap.
We aim to be the first Cardano based DEX! Our main goal is to develop tools for creators and users, and provide highly profitable staking pools and NFT content through our launchpads and marketplaces.
AdaSwap is an ecosystem builder that will be launched on the Cardano network and will help launch the Cardano network. In the near future, 4 major use cases will be launched on the AdaSwap platform, followed by exciting RnD initiatives.
About the MeowSwap exchange
MeowSwap is a new exchange launched on Cardano, an international blockchain platform that provides innovative solutions for businesses, organizations and investors. The main difference from traditional cryptocurrency exchanges and early decentralized exchanges is that on Cardano DEX, users can trade any pair of tokens directly without the need to transact through an intermediate currency or do anything else.
Again – complete freedom of users – no permissions or intermediaries are required to carry out transactions. Everything happens without the participation of third parties, only the arbitrator is included in the transaction process between users.
What is EMURGO
EMURGO is a blockchain technology company providing solutions for developers, companies and government.
EMURGO promotes Cardano adoption and adds value to ADA holders by building, investing and advising projects that use the Cardano blockchain ecosystem.
Their mission is to introduce a new economic model that incentivizes and better rewards the creative workforce by creating a sustainable ecosystem designed to nurture and develop the creators of tomorrow.
What is Yoroi
Yoroi, Cardano’s lightweight wallet, takes its name from the incredibly ornate ancient armor worn by Japanese samurai. The armor was a combination of iron and leather, skillfully made in almost a year. This article explores some of the security-focused features and core technologies behind modern security designed for your web browser and ADA tools.
The fact that Yoroi runs on Chrome allows us to develop faster because there are well-done APIs we can rely on, and it also protects the user because the extension runs in its own sandbox. Chrome tends to make it easy to verify packages so you can make sure Yoroi doesn’t send your private key to our servers
What is ErgoDEX
ErgoDEX is a non-custodial decentralized cryptocurrency exchange that offers AMM (automated market maker) and order book trading systems. Ergo is the first DEX to offer liquidity for all DEXs built on the Cardano blockchain.
ErgoDEX will be a branded dapp in the Ergo ecosystem, offering secure and efficient cross-chain liquidity and interoperability across both Ergo and Cardano networks. Thanks to the eUTXO model, ErgoDEX will also allow liquidity to be distributed between different exchanges on top of two blockchains. Users will have the option to use the AMM feature, order book and/or swap, as well as the option to receive incentives when providing liquidity on ErgoDEX. The DEXs we discussed earlier only offer some of these features. With ErgoDEX, users will have access to a fully decentralized cross-chain DEX without worrying about their privacy or high transaction fees (such as gas fees).
What is ADAX
ADAX is a decentralized exchange (DEX) of digital assets on the Cardano blockchain.
Technical features of a decentralized crypto exchange:
- ADAX is an automated liquidity protocol that makes it easy to trade crypto within the Cardano ecosystem. The developers claim that the non-custodial exchange they created is completely decentralized
- ADAX does not have a traditional order book for centralized trading platforms. The exchange operates on the basis of an automated market maker (AMM). The model is based on smart contracts. With their help, the system forms liquidity pools from digital assets. This approach allows you to automate trading
- The AMM system, according to the developers, helped ADAX offer traders work without intermediaries, while maintaining full control over their assets
What is Nami
Nami is a wallet browser extension for interacting with the Cardano blockchain.
Nami allows you to store and send multiple assets, delegation to stake pools, minting, multi-signature and much more (support for smart contracts after the Alonzo hard fork).
The private keys associated with users’ wallets are stored only on the user’s computer and are encrypted with the wallet’s password. They are not stored on centrally hosted servers.