Vitalik Buterin</strong></a> and was one of the co-founders and the chief of technology (CTO) of<strong> Ethereum</strong>. As of writing this, Gavin Wood is the president and founder of the <strong>Web3 Foundation</strong> which focuses on the decentralization of the internet. In addition, Gavin is a co-founder of a blockchain company that aims to build a new framework for decentralized apps (DApps) called <strong>Parity Technologies</strong>.</p>\n<p>In the past, Gavin contributed a lot to the growth of Ethereum. He was involved in the development of the first functional Ethereum application. In addition, he proposed and wrote the code for the <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-solidity/">Solidity programming language which is used with smart contracts up to this day. Besides that, he also released the yellow paper of the <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-ethereum-virtual-machine-evm/">Ethereum Virtual Machine (EVM)</strong></a>. However, in 2016 Gavin stopped working with Ethereum.</p>\n<p>After that, he focused on a new project called <a href=https://www.bitdegree.org/"https://en.wikipedia.org/wiki/&lt;strong&gt;Polkadot&lt;/strong&gt;_(cryptocurrency)/" target=\"_blank\" rel=\"nofollow noindex noopener\"><strong>Polkadot</strong></a>, which was launched in May 2020. <strong>Polkadot is a multi-chain blockchain ecosystem</strong> that focuses on helping developers create new backward-compatible dApps. 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One of GitHub's key goals is to promote collaborative work by allowing developers to work on a project simultaneously from anywhere on the globe. GitHub is built on <a href=https://www.bitdegree.org/"https://en.wikipedia.org/wiki/Git/" target=\"_blank\" rel=\"nofollow noindex noopener\"><strong>Git</strong></a> which is software created by Linus Torvalds to <strong>track changes in the content</strong>. Microsoft bought GitHub in 2012 after actively using this platform to publish open-source projects like <a href=https://www.bitdegree.org/"https://en.wikipedia.org/wiki/Microsoft_Visual_Studio/" target=\"_blank\" rel=\"nofollow noindex noopener\"><strong>Visual Studio</strong></a> and <a href=https://www.bitdegree.org/"https://en.wikipedia.org/wiki/Windows_Calculator/" target=\"_blank\" rel=\"nofollow noindex noopener\"><strong>Windows Calculator</strong></a>.</p>\n<p>GitHub is <strong>extremely versatile</strong> because it has an intuitive environment that allows developers to track changes across different versions of code-based projects. GitHub supports various programming languages, features, and <strong>file formats</strong>, which makes it really flexible. The platform offers various features for smooth teamwork such as distribution of roles and editing privileges or <strong>discussion boards</strong>, which enhance the collaborative spirit of the platform.</p>\n<p>The majority of the most popular <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-blockchain/">blockchain-based projects</strong></a> such as <a href=https://www.bitdegree.org/"https://www.bitdegree.org/crypto/buy-bitcoin-btc/">Bitcoin, <a href=https://www.bitdegree.org/"https://www.bitdegree.org/crypto/buy-ethereum-eth/">Ethereum, <a href=https://www.bitdegree.org/"https://en.wikipedia.org/wiki/Cardano_(blockchain_platform)/" target=\"_blank\" rel=\"nofollow noindex noopener\"><strong>Cardano</strong></a>, <a href=https://www.bitdegree.org/"https://en.wikipedia.org/wiki/Stellar_(payment_network)/" target=\"_blank\" rel=\"nofollow noindex noopener\"><strong><strong>Stellar</strong></strong></a>, and many others are freely available on GitHub. It enables participants from all over the world to collaborate on blockchain developments. Besides, GitHub is a great tool to evaluate interest in various projects by monitoring how many participants are involved in a specific project.</p>\n<p>However, since GitHub is an open-source project, it is prone to <strong>malicious attacks</strong> and many users already tried to take advantage of GitHub to set up <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-mining/">crypto mining operations</strong></a> for free. That&rsquo;s why GitHub developers have taken a few steps to ensure integrity and protection. Now, even though anyone can visit GitHub and read through code and projects, only registered users with an <strong>active GitHub account</strong> have editing rights.</p>","level":"easy","meta_title":"What is GitHub? 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The term was used for the first time in September 2020 in a tweet from <strong>Andre Conje</strong>, the creator of DeFi.&nbsp;</p>\n<p>GameFi is based on the combination of blockchain technology, gaming, and a variety of decentralized financial products such as <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-non-fungible-token-nft/">non-fungible tokens (NFTs)</strong></a>, <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-yield-farming/">yield farming</strong></a>, borrowing and lending, <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-algorithmic-stablecoin/">algorithmic stablecoins</strong></a>, and so on.&nbsp;</p>\n<p>GameFi transformed traditional gaming because the players were given the possibility to <strong>earn money while playing</strong>. In traditional games, in-game items have no value in the real world. However, GameFi transforms this by bringing blockchain technology, cryptocurrencies, and DeFi products into the world of gaming.</p>\n<p>Basically, GameFi redefined the concept of in-game item ownership by introducing additional levels to a token-based economy and the ability to earn decent profits through a variety of DeFi products.</p>\n<p>Most of these blockchain-based games come with an in-game currency, a token economy, and a marketplace. All of these are typically controlled by the community. With this system, players are the owners of their in-game items which prevents the need for any form of server infrastructure and lowers the possibility of cheating or game hacking.</p>\n<p>GameFi&rsquo;s in-game currency can be exchanged with other cryptocurrencies or <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-fiat/">fiat money</strong></a>. In addition, players can buy in-game NFTs and sell, rent, or trade them in open marketplaces.</p>\n<p>The notion of GameFi has introduced the world to a new use of cryptocurrencies. Unlike with traditional games, no centralized authority regulates the game environment, which is one of the major reasons for GameFi's success. Besides, the blockchain technology behind the platform enables zero-fee transactions that allow gamers to purchase, sell, and exchange digital assets without incurring costs.</p>","level":"easy","meta_title":"What is GameFi? 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Handbook Cover Page
Crypto Terms: Letter G

Who is Gavin Wood?

Gavin Wood MEANING:
Gavin Wood - one of the founders of Ethereum, Parity Technologies, and the Web3 Foundation.
Easy
1 minute

Let's find out Gavin Wood meaning, definition in crypto, who is Gavin Wood, and all other detailed facts.

In the past, Gavin Wood worked with Vitalik Buterin and was one of the co-founders and the chief of technology (CTO) of Ethereum. As of writing this, Gavin Wood is the president and founder of the Web3 Foundation which focuses on the decentralization of the internet. In addition, Gavin is a co-founder of a blockchain company that aims to build a new framework for decentralized apps (DApps) called Parity Technologies.

In the past, Gavin contributed a lot to the growth of Ethereum. He was involved in the development of the first functional Ethereum application. In addition, he proposed and wrote the code for the Solidity programming language which is used with smart contracts up to this day. Besides that, he also released the yellow paper of the Ethereum Virtual Machine (EVM). However, in 2016 Gavin stopped working with Ethereum.

After that, he focused on a new project called Polkadot, which was launched in May 2020. Polkadot is a multi-chain blockchain ecosystem that focuses on helping developers create new backward-compatible dApps. Polkadot, unlike Ethereum, allows developers to determine how much to charge in transaction fees and how quickly blocks can be approved.

Gavin's goal is to bridge the gap between private and public blockchains, making it easier for projects to transact with one another without friction, regardless of various network differences.
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