CoinMonks NFT Collection is Live Now!
2021 has been a wonderful year for crypto, and we wanted to start 2022 with something that reminded us about the things we can achieve together, as a community.
Back in 2017, there was a lot of FUD and misinformation in the crypto space. People were creating tokens to sell bananas, and they still are. So we decided to create and curate the best crypto content out there. To date, thousands of writers contributed to Coinmonks, making it the most prominent crypto-focused medium publication.
Now, after almost four years and more than 10,000 articles, we are here with our limited edition CoinMonks NFT Collection.
BitMonk
“A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution.” Satoshi Nakamoto.
We chose bitcoin because it gives us the freedom to have complete control over our assets. In addition, Bitcoin protects us from the billions of dollars created by a simple right-click of the mouse.
EthMonk
Tampering with the bitcoin network is infeasible, but the code is so stringent that it does not allow us to build other financial products on top of bitcoin. In 2013, a 19-year old proposed a solution to this problem, Ethereum. Vitalik proposed “a blockchain with a built-in Turing-complete programming language, allowing anyone to write smart contracts and decentralized applications where they can create their own arbitrary rules for ownership, transaction formats, and state transition functions.”
The idea that sprouted in the brain of Vitalik now leads the market with almost all the major projects built on top of the Ethereum blockchain.
UniMonk
The Ethereum blockchain allowed us to build various decentralized applications and financial products, and Uniswap is one. Uniswap has been the most prominent decentralized exchange, up and running since November 2018. Although the Uniswap V1 was designed with simplicity in mind, the Uniswap protocol provides an interface for the seamless exchange of ERC20 tokens on Ethereum.
PolygonMonk
Ethereum was great as a base layer to build something on top of it. However, different blockchains weren’t capable of interacting with each other. This is where Polygon Technology (previously Matic) comes in: Polygon - A protocol and a framework for building and connecting Ethereum-compatible Blockchain networks.
In a comparatively shorter period, Polygon has been able to get through a significant number of partnerships, eventually increasing its use case.
PolkadotMonk
Polkadot is a blockchain protocol that links multiple blockchains into a unified network. It is designed to run on two types of blockchains. The main network is a relay chain, in which transactions are permanent, and user-created networks are known as parachains.
SolMonk
Transaction speed and gas is the problem that all significant blockchains have been facing recently, and this is where Solana comes into the picture. Solana is a blockchain platform for hosting decentralized apps. Solana's design fulfils all three desirable blockchain characteristics: scalability, security, and decentralization. According to Solana's Whitepaper, the theoretical top limit on a standard Gigabit network is 710,000 transactions per second (TPS) and 28.4 million TPS on a 40-Gigabit network.
AaveMonk
To get a loan, we would have to provide collateral that puts the lender in a safe spot in the case we’re not able to repay the debt. However, with Flash loans introduced, we can borrow without any collateral. Aave is a decentralized lending\ borrowing protocol that allows users to lend and borrow cryptocurrency without an intermediary. Instead, users deposit digital assets into liquidity pools, converted into funds that the protocol can lend out.
ShibaMonk
We read about a person who bought $2300 worth of SHIB in 2020, and this year he was a billionaire. SHIB signifies the strength of the community supporting it, and here's our ShibaMonk signifying what a community can achieve if it comes together.
Since Shiba signifies the community behind it, we’d be giving the ShibaMonk to the community. So keep sharing with your friends and stand a chance to win the free CoinMonk.
ManaMonk
With Facebook changing its name to Meta, all the big companies started diving into the Metaverse. But we must not forget that the concept of Metaverse is way older, and a single centralized entity should never be able to have control over it.
Decentraland is a decentralized virtual reality platform at the forefront of the metaverse trend. Decentraland is powered by Ethereum and MANA, its native ERC-20 token. Decentraland is also administered via a decentralized autonomous organization (DAO), allowing token holders to vote on metaverse laws.
LAND is a non-fungible digital asset held in an Ethereum smart contract representing the limited, traversable, 3D virtual space inside Decentraland. The land is split into parcels, each identifiable by cartesian coordinates (x,y).
This was all about our limited edition Coinmonks NFT collection. We’d be revealing the winner of the free NFT by the end of January. Till then, keep sharing the collection and stand a chance to win the Free CoinMonk.