1. What Is Edge Computing?
A connection infrastructure, Edge computing is here to cover the technological gap concerning the non-adaptability of Metaverse to be run by traditional connectivity. Edge computing is playing a pivotal role in augmenting Metaverse technologies by processing data through multiple decentralized channels. Edge computing distinguishes itself from its conventional counterpart in that proximity of the data source does not affect its processing operations. The proximity of the data source instead helps in optimizing decreased bandwidth limitations and increased speed.
2. What is Metaverse?
In simple words, Metaverse is a 3D environment and is a virtual representation of the real world. Integrated features ongoing in the real world allow users to not just interact but carry out other real-world mundane activities like purchasing land and other business-specific activities.
3. What are NFTs?
Non-fungible Tokens are crypto assets viable on a blockchain that are featured by their distinctive identification codes and unique set of metadata to allow users to distinguish one from the other.
4. What is the difference between NFT and Defi?
NFT refers to metadata that is stored in a blockchain. However, Defi (Decentralized Finance) provides financial instruments that allow crypto users the independence to not rely on intermediate parties like banks.
5. What purpose does Defi serve?
Defi is responsible to offer a platform or a space wherein users can make financial transactions as well as services. In other words, its primary function is to enable peer-to-peer transactions via various blockchain technologies available.