Oraclez Token Generator

| Documentation

Wallet

What is MetaMask?

ConsenSys Software Inc. developed MetaMask to provide an easily accessible bridge between our current internet — web 2.0, and the decentralized internet — web 3.0.

In other words, it's a software toolbox for interacting with decentralized applications (DApps), smart contracts, and Defi using a web browser like Chrome or Firefox. You can use MetaMask as both a browser extension and a mobile app.

MetaMask works as an Ethereum wallet for buying, storing, and swapping your ETH and ERC-20 tokens. You can also store and display your non-fungible tokens (NFTs) in your wallet.

Other cryptocurrency wallets require you to manage your various private keys manually. But with MetaMask, you need only remember your password and seed phrase to use your cryptocurrency.

Even if you store your tokens on a hardware wallet like Ledger or Trezor, you can still use MetaMask to interact with DApps and smart contracts.

Due to its ease of use and accessibility, MetaMask is incredibly popular. The platform currently boasts more than 3 million active users per month.

The MetaMask wallet connects to the Ethereum network by default, but you can easily link it to other blockchains to access other DApps — a process we walk you through later in this guide.


How to Download MetaMask?

MetaMask is available as both a browser extension and as a mobile app. There is currently no desktop app available.

The browser extension is available on Chrome, Firefox, Brave, or Edge. The mobile app is available through the Apple App Store and the Google Store. The mobile apps have all the functionality and features of the browser extension, including account creation.

To download the browser extension, head to the MetaMask website and click on the "Install MetaMask for (your browser)."

Once the download finishes, MetaMask prompts you to create or import a wallet. If you choose to make a wallet, you will need to select a unique password, after which you will receive a seed phrase of twelve words.

Don't forget to write down your seed phrase and store it securely — without it, you can't recover your funds if you lose access to your account.


How to Interact with Dapps and Smart Contracts Using MetaMask

Once you have set up your MetaMask wallet, you can start exploring and interacting with DApps. Most DApps will connect to your wallet as soon as you arrive on the page, but others require a manual connection.

If MetaMask doesn't connect automatically, log into the DApp, navigate to the settings, and look for a button saying, "Link your wallet", or something similar. All that's required is to click the button, follow the instructions, and away you go.

If you're unfamiliar with oraclez token generator, you don't need to add your chosen blockchain into your wallet manually. all you have to do is select your blockchain, connect your metamask and press the approve button on your Metamask wallet. oraclez will add that blockchain into your meta mask wallet automatically.


What is Wallet Connect?

WalletConnect is an open protocol to communicate securely between Wallets and Dapps (Web3 Apps). The protocol establishes a remote connection between two apps and/or devices using a Bridge server to relay payloads. These payloads are symmetrically encrypted through a shared key between the two peers. The connection is initiated by one peer displaying a QR Code or deep link with a standard WalletConnect URI and is established when the counter-party approves this connection request. It also includes an optional Push server to allow Native applications to notify the user of incoming payloads for established connections.


Supported Blockchains

BSC

What is Binance Smart Chain?

You’ve probably heard of Binance Chain, the home of the BNB currency. It’s optimized for ultra-fast trading. To achieve this, it had to make certain trade-offs – one being that it wasn’t as flexible from a programmability standpoint as other blockchains.

Well, Binance Smart Chain is here to change that, a new blockchain with a full-fledged environment for developing high-performance decentralized applications. It was built for cross-chain compatibility with Binance Chain to ensure that users get the best of both worlds.

Binance Smart Chain (BSC) is best described as a blockchain that runs in parallel to the Binance Chain. Unlike Binance Chain, BSC boasts smart contract functionality and compatibility with the Ethereum Virtual Machine (EVM). The design goal here was to leave the high throughput of Binance Chain intact while introducing smart contracts into its ecosystem.

In essence, both blockchains operate side-by-side. It’s worth noting that BSC isn’t a so-called layer two or off-chain scalability solution. It’s an independent blockchain that could run even if Binance Chain went offline. That said, both chains bear a strong resemblance from a design standpoint.

Because BSC is EVM-compatible, it launched with support for the rich universe of Ethereum tools and DApps. In theory, this makes it easy for developers to port their projects over from Ethereum. For users, it means that applications like MetaMask can be easily configured to work with BSC.


ETH

What is an Ethereum token?

Ethereum tokens are simply digital assets that are being built on top of the Ethereum blockchain. They benefit from Ethereum’s existing infrastructure instead of developers having to build an entirely new blockchain. They also strengthen the Ethereum ecosystem by driving demand for ether, the native currency of Ethereum, needed to power the smart contracts. This beginner’s guide should help those who are new to digital assets to understand Ethereum tokens at a high level and how they are different than Ethereum.

Ethereum is a platform that can be used to create any arbitrary smart contract including smart contracts that represent digital assets called Ethereum tokens. This is similar to the App Store providing a platform for iOS apps with some apps issuing their own digital currencies that are used within the game or system. However, with Ethereum there is no centralized entity like Apple that controls what gets added to the App Store. Anyone can create a token on top of Ethereum.

Ethereum tokens can represent anything from a physical object like gold to a native currency used to pay transaction fees. In the future, tokens may even be used to represent financial instruments like stocks and bonds. The properties and functions of each token are entirely subject to its intended use. Tokens can have a fixed supply, constant inflation rate, or even a supply determined by a sophisticated monetary policy. Tokens can be used for a variety of purposes such as paying to access a network or for decentralized governance over an organization.

Tokens are often issued to the public through a crowd sale called an initial coin offering (ICO). The creators of the token will issue the token to others in exchange for ether and sometimes bitcoin and other digital currencies. There have been many ICOs recently and in a short time they have completely changed the way projects are funded. There is no requirement that tokens must be well distributed, although if you are building a decentralized application ideally you want the tokens to be owned by as many people as possible.


CELO

What is Celo? (CELO)

Celo is a platform acting as a global payment infrastructure for cryptocurrencies that aims to target mobile users.

To this end, Celo’s goal is for financial activity to be accessible to anyone globally thanks to its ability for payments to be sent to and from any phone number in the world.

In addition to basic payments, Celo can support the development of decentralized applications on its blockchain. Thus far, these dapps include one allowing anyone to contribute to a community’s universal basic income scheme, as well as a crowdfunding platform for social causes.

Central to running the operations on its blockchain, Celo operates two native tokens: CELO, a governance asset for voting on changes to the protocol and Celo Dollars (cUSD), a stablecoin mirroring the value of the US dollar.

The Celo network relies on three contributors to help run its platform:


Light Clients:

Celo Network applications running on user’s mobile devices, such as Celo’s mobile wallet.


Validator Nodes:

Computers who participate in Celo’s consensus mechanism, validate transactions and produce new blocks.


Full Nodes:

Computers that act as the bridge between Validator nodes and mobile wallets, taking requests from light clients and forwarding transactions to validator nodes.


Polygon

What is Polygon?

Polygon is a stack of protocols designed to fix Ethereum’s scalability issues. The Polygon network addresses the network’s challenges by handling transactions on a separate Ethereum-compatible blockchain.

Polygon then returns transactions to the main Ethereum blockchain post-processing. This approach lowers the network load on Ethereum. In doing so, Polygon can speed up transactions and lower transaction costs to less than a cent.

In other words, Polygon, formerly known as Matic network, provides an easy framework for new and existing blockchain projects to build on Ethereum without scalability issues.

Using Polygon, users can interact with any decentralized application (DApp) without ever having to worry about network congestion.


FTM

What is Fantom (FTM)?

Fantom is a DAG-based (Directed Acyclic Graph) smart contract platform for decentralized applications (DApps). So, is Fantom centralized or decentralized?

Fantom is a highly scalable, decentralized, permissionless and open-source platform used to build crypto DApps. DAG is a data modeling and structuring technology whose networks comprise vertices and edges, unlike blockchains, which are made up of blocks. As a result, crypto transactions are represented by vertices and are stacked on top of one another.

Simply said, a blockchain system resembles a chain whereas DAG's design resembles a graph. Dr. Ahn Byung Ik of South Korea founded the Fantom Foundation in 2018, and the smart contract project has since grown to become one of the most popular blockchains for DeFi transactions.

It was created to address the shortcomings, including the lengthy transaction times of prior blockchain platforms like Bitcoin and Ethereum. FTM is the Fantom network's native coin, which can be used for governance activities, compensating validators and providing network security.

This beginner's guide on Fantom blockchain protocol aims to educate the community about the Fantom ecosystem by explaining how the Fantom Network works, how to buy Fantom (FTM) and the differences between FTM and Polygon (MATIC).


What is so unique about Fantom?

Traditional blockchain systems, such as the Bitcoin blockchain, aren't designed for scalability; rather, they prioritize security and decentralization. A transaction on the Bitcoin network, for example, can take anywhere from 10 to 15 minutes. This makes scaling the network in terms of transactions difficult.


Harmony

What is the Harmony blockchain?

Harmony is a layer-1 blockchain using sharding and Effective Proof of Stake to achieve scalability, security, and decentralization. The network was launched in 2019 and features trustless cross-chain bridges and four shards, which process transactions in parallel. Effective Proof of Stake encourages decentralization of validators, and sharding shares the network's load among validators, delegators, and users.

Its native token ONE is used for transaction fees, governance, and staking. You can purchase ONE on Binance with a credit or debit card or trade it for another cryptocurrency. Once purchased, you can store ONE on EVM-compatible wallets like MetaMask and Binance Chain Wallet.

Harmony is an Effective Proof of Stake (EPoS) blockchain founded in 2018 by Stephen Tse with a mainnet launch in 2019. Like most post-Ethereum networks, it claims to solve the blockchain trilemma of decentralization, scalability, and security. Harmony's answer to the problem is sharding and its Effective Proof of Stake consensus mechanism.

Another key Harmony platform feature is its Cross-Chain Finance model. The popularity of cross-chain and multi-chain capabilities has increased dramatically, and Harmony caters to this. The blockchain offers bridging services between BNB Smart Chain (BNB), Ethereum (ETH), Bitcoin (BTC), and other networks.

Harmony completed its 2019 IEO via Binance Launchpad. Harmony's main vision for scaling Web3 relies on zero-knowledge proofs and Decentralized Autonomous Organizations (DAOs).


Heco

What Is Huobi ECO Chain (HECO)?

Huobi Eco Chain (Heco) is a decentralized and cost-efficient public chain that Ethereum developers can easily get started with and smart contracts are seamlessly compatible.” Heco has built a developed Defi ecosystem, with wallets, assets, and applications rankings. Users can easily experience the latest DApps.

Heco was developed based on Ethereum but improves cross-chain functionality as well as low gas fees. It helps reduce costs and optimizes user experience with the cross-chain asset transfer.

For users, they can enjoy low transaction fees, low transaction delay, high transaction concurrency, and cross-chain asset transfers. For developers, they can develop smart contracts with high compatibility with Ethereum and other public blockchains to reduce development and migration costs. Heco provides financial, traffic, and marketing support for developers so they can focus on making the best DeFi applications without worries.

Heco has laid out its roadmap until 2023 Q1. Currently, it is in the first stage called “Tinder” which focuses on improving the on-chain infrastructure, as the developers say in their official docs. Its main focus is to attract developers to develop and promote DeFi applications at a low cost.


IOTEX

What is IoTeX?

A decentralized, open-sourced blockchain platform with a vision to mix cryptocurrency technology with the Internet of Things (hence the IoT in IoTeX) - the goal is to create a decentralized ecosystem where users and their IoT machines are able to interact in safe, guaranteed trustless environments.

The IoTeX blockchain adopts a modified delegation of the Proof of Stake consensus (PoS), for a lighter and faster transactional state as mentioned previously. It also innovates by holding several lateral blockchains to improve scalability. Since the Internet of Things technology involves a large variety of apps, software and hardware, a single blockchain would not be nearly enough computing power to hold all the necessary processing and transactions.

The IOTX token is the blockchain’s native ERC-20 token used to feed the dApps, govern the network and of course as a payment system. Users utilize IOTX to register their devices in the blockchain and conduct transactions, and are even able to share or sell their own data and receive IOTX tokens as a reward.

Cryptocurrencies have several real-world applications - mostly geared towards financial transactions, the world of digital assets also allows for incredible innovation in real-life devices and data usage that could greatly benefit from decentralization and trustless systems to make users’ lives easier and safer.

One of the main crypto projects that tackles this matter is IoTeX, focused on developing applications for the Internet of Things.


Moonriver

What Is Moonriver?

Moonriver is a parachain on the Kusama network for crypto projects to expand their reach with a multi-chain design. The Moonriver parachain is compatible with the Ethereum developer network and toolchain.

Moonriver was developed by the Moonbeam Foundation, and PureStake is the entity behind the Moonbeam Foundation. A parachain on the Kusama network is a customized blockchain that connects to the Relay Chain, which handles transaction settlements, consensus and security. Since the parachain is connected, it shares the benefits afforded by Kusama through the Relay Chain.Moonriver has a crypto token, MOVR, which it distributes for several purposes. The Moonriver parachain functions as a smart contract platform, providing developers less friction for redeploying Ethereum decentralized apps without reconfiguring or rewriting for Karura. The Moonbeam Foundation also created a platform that it launched on the Polkadot system in 2021, which is similar to Kusama. Collectively, the two chains are referred to as “DotSama.” The Moonriver parachain is a canary network for Moonbeam. Developers can test code and perform verification on Moonriver before they deploy it on Moonbeam.

The network offers developers features, including deploying Solidity smart contracts, Web3-compatible API, oracle data feeds, and Ethereum network bridges. MOVR is the utility and governance token of the network, which can be used for network governance, pay transaction fees, earning rewards through providing liquidity and staking.

MOVR is the utility and governance token of Moonriver