The decentralized architecture of a blockchain - a world network of computer systems simultaneously running the software and validating the chain of transactions - is what ensures that the transaction file is rarely compromised. Decentralization is crucial as an architectural precept. It makes a blockchain network much less prone to fail, more durable to attack, and more durable for bad actors to recreation the system.

Why it’s valuable: Punk #7804 has some uncommon traits, including being considered one of solely 9 aliens in existence. But the significance of this buy goes far past the worth. Almost immediately after the Punk changed arms, we witnessed the birth of NFT collector and social media influencer Peruggia (who has been closely speculated to be the alternate account of distinguished investor Robert Leshner).

DeFi market cap peaked on September 18th shortly after the launch of Uniswap’s UNI governance token. Uniswap, the biggest Ethereum-based decentralized alternate, has been the engine behind DeFi mania. Uniswap permits anyone to create a brand new token pair and immediately start buying and selling using decentralized liquidity swimming pools, which helped new DeFi tokens launch and scale shortly. Uniswap trading quantity elevated from about $1M a day in early June to near $1B a day at first of September.

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