What you need to know

What you need to know

The area of ​​decentralized finances, generally referred to as defi, is viewed by many as an alternative to centralized financial solutions in which users are able to carry out transactions and rely on different services.

This promises a censor resistant ecosystem in which everyone can rely on regular financial services, regardless of nationality, status, gender, income, creditworthiness and so on.

defi itself can also be very confusing for experienced veterans. There are many different options when it comes to using a blockchain, bridges to be used, where and how should be exchanged or which staking initiative offers the best returns without affecting security.

This makes it particularly difficult for users, especially for newcomers who tend to find themselves with dozens of open tabs, while navigating through the sea of ​​the currently available solutions.

Here Airdao comes into play. Imagine a single, easy -to -use dashboard with which you can manage all your defi transactions and interactions.

This is the main purpose of Airdao - a simple and very user -friendly interface that enables users to open up the endless world of the advantages of defi.

we dive.

What is Airdao?

Airdao, which was previously known as Airdo Network Ecosystem, represents a decentralized autonomous organization - DAO. Its purpose is to control the Airdao Network Layer-1 Blockchain.

It makes cryptocurrency accessible to both veterans and newcomers by rationalizing the entire onboarding process for those who may not have been familiar with the concept of Web3.

However, there are several products in the ecosystem, such as:

• Airdao network (AMB-Net)
• dashboard
• knot and staking
• bridge
• Block Explorer

These are just a few, while others include the Firepotswap-a decentralized cryptocurrency exchange and a defi platform operated by the Airdao network. Let's take a closer look at some of the products.

The Airdao network

The Airdao network is a Layer 1 blockchain that is secured by over 160 validists distributed worldwide-according to the official lite paper.

It was developed to enable everyone to create different applications on a relatively inexpensive layer 1 blockchain that does not affect security. It is also compatible with the Ethereum Virtual Machine (EVM) and offers the necessary interoperability with applications based on Ethereum or other blockchains that are also EVM-compatible.

The network achieves exponential scalability through a process for collecting individual data packages.

Further information on the Airdao network can be found on the official website.

The dashboard

As mentioned above, the dashboard was specially developed for non-technical users. It is the main hub where all products of the ecosystem and their subdomains are very easily accessible on direct links.

It consists of a series of cards that describe the use of the different products.

the nodes and the stake in

It is worth noting that the Airdao network is driven by a system of nodes that are divided into three specific classes: Apollo, Atlas and Hermes.

All of them have a certain function and thus form the core of the Airdao network.

The defi-staking platform operated by Airdao was previously known as Arcadia and uses the staking-as-a-service model. This is known as an alternative to self -hosted nodes. Knot operators are automated and delegated by Smart Contracts.

the bridge

The Airdo bridge was created to enable the participants of the ecosystem to convert their AMB into tokens that run under the ERC 20 or Bep-20 standard.

It also enables you to transfer assets via the networks and access uses that are built on the BNB Chain and Ethereum. It is a critical part of the ecosystem.

The block explorer

Those who want to navigate quickly and easily in the ecosystem of the Airdao network can do so via the block explorer, which is a very simple user interface. Everyone can display balances of packaged or native tokens within chain-specific addresses and also show details about transactions, contracts, blocks, knots, etc.

active and build -up

At the beginning of the new year, the team behind Airdao set off to reach several important milestones, and so far January has proven to be quite productive.

The most important thing first: You announced that you are in the process of updating the tokenomics and that the company is in the final phase.

In January there was also serious progress in connection with the decentralization roadmap, where the Airdao team is preparing to choose community members for the DAO-multi-digit pocket. In addition, the development team has started to work on the development of admission -free validators in order to enable individuals not to rely on centralized support to take their knots on board

The team is also preparing for ETH Denver, hiring new mobile developers and recruits new members and positions for Firepot Finance.

Several guidelines were also published on the Airdao Academy website to provide users as many educational content as possible.

In addition, the team also announced its new ambassador program in mid-January, which is open to everyone who wants to participate.

Essentially, ambassadors will act as the spokesman for the ecosystem and should have sufficient knowledge of defi, crypto and the Airdao ecosystem. To learn more about it, please read the official announcement.

conclusion

AIRDAO focuses on the ecosystem of the Airdao network, but is an initiative that is also helpful for the broader ecosystem of cryptocurrency.

The industry is no longer completely blurred for many, but it is still in a relatively young stage and develops at an incredibly fast pace. This also means that there is a constant need for education, and the team does everything to make this accessible to the public.