Beta (Realease)

In software development, a beta release is an early version of a software product that is made available to a limited group of users for testing purposes. Beta releases are typically the second phase of software development, following alpha releases.

Beta releases are intended to allow software developers to gather feedback from a limited group of users before releasing the final version of the software. This feedback can be used to identify and fix bugs and other issues, as well as to make improvements to the software based on user feedback.

Beta releases are usually made available to a limited group of users, such as developers or early adopters, who are willing to test the software and provide feedback. This helps to ensure that the software is thoroughly tested before it is released to the general public.

While beta releases are generally stable and functional, they may still contain bugs or other issues that need to be addressed before the final release. Therefore, it is important for users to understand that beta releases are not final versions of the software and may still have some issues that need to be resolved.

Overall, beta releases are an important part of the software development process, as they allow developers to gather feedback and improve the quality of the software before releasing it to the public.

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Traditional Finance, often abbreviated as TradFi, refers to the conventional financial system that operates within regulated institutions such as banks, brokerage firms, insurance companies, and stock exchanges. It encompasses a wide range of financial activities, including banking services, investment management, asset trading, insurance, and more. Unlike decentralized finance (DeFi), which operates on blockchain and smart contract technology, traditional finance relies on centralized intermediaries and regulatory frameworks.
Smart Contract
A smart contract is a self-executing contract with predefined rules and conditions written in code. It is designed to facilitate, verify, and enforce the performance of a contract without the need for intermediaries. Smart contracts are built on blockchain technology, typically on platforms like Ethereum, and they automatically execute actions and transactions based on predetermined conditions.
In the context of cryptocurrency trading, a maker refers to a participant who provides liquidity to a market by placing limit orders on the order book. A limit order is an order to buy or sell a cryptocurrency at a specific price or better. By placing limit orders, makers are essentially adding depth and liquidity to the market, as their orders are not immediately filled but rather sit on the order book until they are matched with a taker's order.
Initial Exchange Offering (IEO)
An Initial Exchange Offering (IEO) is a fundraising method for cryptocurrency projects, which is conducted through a cryptocurrency exchange platform. In an IEO, the project team partners with an exchange that conducts the token sale on its platform and handles the listing of the token. Investors can participate in the token sale using the exchange's platform and typically need to go through a know-your-customer (KYC) process.

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