WEb3 protocols
Discover the Best Web3 Protocols: Explore our curated list of top protocols shaping the future of decentralized technologies
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FAQs

What is a Smart Contract ?
A smart contract is an agreement between two people or entities in the form of computer code programmed to execute automatically. The idea was proposed in the 1990s by Nick Szabo, a pioneer of modern computer science, who defined them as a set of virtual promises with associated protocols to enforce them.
What are Web 3 Protocols ?
Web3 protocols are the underlying technologies that enable the decentralized and interoperable web, also known as the “Third Generation Web.” These protocols include blockchain, peer-to-peer networking, and other technologies that allow for decentralized communication and data sharing.
What are DeFi Protocols ?
DeFi protocols consist of standards, codes, and procedures that govern decentralized financial applications. SaucerSwap is the first decentralized exchange built on the Hedera network and offers single-sided crypto staking. Other top protocols are 0x Protocol, UniSwap, Curve, Dydx, Maker, Oasis.
What is the difference between DeFi Protocol and Blockchain Protocol ?
Blockchains are immutable, meaning they cannot be changed. Autonomy: DeFi platforms don't rely on any centralized financial institutions and are not subject to adversity or bankruptcy. The decentralized nature of DeFi protocols mitigates much of this risk.
What is Blockchain ?
A blockchain is a decentralized, distributed and public digital ledger that is used to record transactions across many computers so that the record cannot be altered retroactively without the alteration of all subsequent blocks and the consensus of the network.
What is Web 3 ?
Web 3.0, sometimes known as Web 3, is the concept of the next generation of the web, in which most users will be connected via a decentralized network and have access to their own data.

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