December 15, 2022
Crypto terms every beginner should know
The world of crypto can often feel like you’re having to learn a new language. And it can be sometimes exhausting to have to keep up with all the technological lingo that comes with every emerging technology. But with just knowing a few basic terms, the world of crypto can suddenly open up and make […]
July 18, 2022
What are stablecoins?
TL;DR Stablecoins are cryptocurrencies that are designed to minimize volatility. Stablecoins are often tied to the value of existing assets like the US dollar or with commodities like oil or gold. Because they are stable, they are commonly used in trading cryptocurrencies since they can stand in for the fiat currencies they represent. They are […]
July 7, 2022
What is Ethereum (ETH)?
TL;DR Ethereum is the second-largest cryptocurrency, next to Bitcoin. Ethereum utilizes blockchain technology to make its coin function beyond just being a currency, allowing developers to create tokens to run their own programs, contracts, and applications for specific uses. What is Ethereum (ETH)? The Ethereum network is the blockchain which is powered by the cryptocurrency Ether (ETH). But […]
July 6, 2022
What is Bitcoin (BTC)?
TL;DR Bitcoin is the first and most popular cryptocurrency in the world. It is a digital asset capable of peer-to-peer transactions and was designed to serve as an alternative to traditional fiat money. Bitcoin’s database resides in a decentralized network called a blockchain, which is beyond the control or regulation of any single entity or […]
June 30, 2022
What is mining?
TL;DR Mining is the process by which a proof-of-work (PoW) blockchain mints new coins and validates transactions by essentially “outsourcing” the computational power needed to run the entire blockchain. Participants who contribute in running the network are called “miners” and are compensated for their work with newly minted cryptocurrency. What is mining? In cryptocurrency, mining […]
June 30, 2022
What is staking?
TL;DR Proof-of-stake (PoS) is an alternative consensus protocol that is more energy-efficient and faster than the more conventional Proof-of-Work (PoW) mechanism used by Bitcoin. PoS involves network nodes putting up a stake as collateral in order to participate in validating transactions and earning the network rewards, instead of solving cryptographic hashes as it is with […]
June 24, 2022
Cryptocurrency vs stock trading
TLDR; The stock market and cryptocurrency market both offer numerous possibilities. But knowing the differences between the two is useful in developing a larger perspective about investing in general and helpful in refining one’s strategies. A few differences you need to consider between the cryptocurrency market and the stock market are the hours of operation, […]
June 24, 2022
Types of cryptocurrencies: Coin vs token
TL;DR The terms “coin” and “token” are often used interchangeably within the cryptocurrency space but they do have many differences depending on utility and development. Coins are used primarily as a mode of payment, while tokens have specific use cases within certain applications such as decentralized finance (DeFi) or play-to-earn (P2E) gaming. Coins also exist […]
June 22, 2022
What are crypto wallets?
TL;DR Cryptocurrency wallets are what we use to access our cryptocurrency. There are two types of wallets: “hot” wallets and “cold” wallets. A hot wallet is a software wallet that is always connected to the internet for easier access while a cold wallet is a hardware wallet that can be kept offline for added security. […]
June 21, 2022
How do you keep your crypto safe?
TL;DR Because the blockchain is a decentralized system, this also means that users themselves have a responsibility for safeguarding their assets. There are a number of basic steps to keep in mind such as choosing what kind of wallet to use, keeping passwords and seed phrases safely stored, and choosing only reputable exchanges to trade […]