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INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT International Peer Reviewed & Refereed Journals, Open Access Journal ISSN Approved Journal No: 2456-4184 | Impact factor: 8.76 | ESTD Year: 2016 Scholarly open access journals, Peer-reviewed, and Refereed Journals, Impact factor 8.76 (Calculate by google scholar and Semantic Scholar | AI-Powered Research Tool) , Multidisciplinary, Monthly, Indexing in all major database & Metadata, Citation Generator, Digital Object Identifier(DOI) |
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| Paper Title: | Empowering Decentralized Finance: Designing and Developing a Token Staking DApp |
| Authors Name: | Ansh Bahl , Simran Arora , Sahil Garg , Wajid Ali |
| Download E-Certificate: | Download |
| Author Reg. ID: |
IJNRD_218852
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| Published Paper Id: | IJNRD2404736 |
| Published In: | Volume 9 Issue 4, April-2024 |
| DOI: | |
| Abstract: | Token staking decentralized applications (DApps) have emerged as a prominent feature within blockchain ecosystems, providing a mechanism for participants to contribute to network security, governance, and incentivization. This paper presents a comprehensive review of token staking DApps, focusing on their architecture, functionalities, challenges, and future prospects. The study begins with an overview of token staking, elucidating its significance in blockchain networks and its role in incentivizing network participants. Subsequently, various types of token staking DApps are examined, including those designed for staking-as-a-service, governance, yield farming, and decentralized finance (DeFi). Furthermore, the paper delves into the architectural components of token staking DApps, exploring key elements such as smart contracts, consensus mechanisms, and reward distribution algorithms. The analysis also addresses the technological challenges associated with token staking, such as scalability, security vulnerabilities, and interoperability. Moreover, the research evaluates the current landscape of token staking DApps, highlighting notable projects, platforms, and protocols. Case studies of successful token staking DApps are presented, along with lessons learned and best practices for developers and stakeholders. Finally, the paper discusses future directions and potential advancements in the field of token staking DApps. This includes innovations in consensus algorithms, cross-chain interoperability solutions, and novel use cases for staking beyond blockchain networks. Overall, this research paper provides valuable insights into the design, implementation, and implications of token staking DApps, contributing to the understanding and advancement of decentralized finance and blockchain technology. |
| Keywords: | Token Staking |
| Cite Article: | "Empowering Decentralized Finance: Designing and Developing a Token Staking DApp", International Journal of Novel Research and Development (www.ijnrd.org), ISSN:2456-4184, Vol.9, Issue 4, page no.h298-h301, April-2024, Available :http://www.ijnrd.org/papers/IJNRD2404736.pdf |
| Downloads: | 00031 |
| ISSN: |
2456-4184 | IMPACT FACTOR: 8.76 Calculated By Google Scholar| ESTD YEAR: 2016 An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 8.76 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator |
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Published Paper ID:IJNRD2404736 Registration ID: 218852 Published In: Volume 9 Issue 4, April-2024 DOI (Digital Object Identifier): Page No: h298-h301 Country: Modinagar, Uttar Pradesh, India Research Area: Engineering Publisher : IJ Publication Published Paper URL : https://www.ijnrd.org/viewpaperforall?paper=IJNRD2404736 Published Paper PDF: https://www.ijnrd.org/papers/IJNRD2404736 |
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ISSN: 2456-4184
Impact Factor: 8.76 and ISSN APPROVED
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