Understanding Decentralised Finance (DeFi)
Decentralised finance (DeFi) is used to describe an ecosystem of conventional finance tools that have been built on a public blockchain.
Category Crypto Basics
Central Bank Digital Currency (CBDC)
Central bank digital currency (CBDC) refers to the virtual form, electronic record or digital token of a country’s official fiat currency.
Peer to Peer Trading: The Advantages and Disadvantages
Peer to peer trading (P2P) is the act of buying or selling cryptocurrency directly between users without the need for a third-party (i.e. exchange or broker).
Centralised and Decentralised Exchanges
There are two kinds of exchanges, that both hold a range of advantages and disadvantages. These are known as centralised exchanges and decentralised exchanges.
What is a Crypto Wallet and Do You Need One?
A cryptocurrency wallet stores your private keys, which give you access to send and receive the cryptocurrencies you own.
What is Crypto Staking?
Staking is the act of delegating cryptocurrency to earn rewards, similar to earning interest on a savings account in a bank.
Proof of Work vs Proof of Stake
Proof of Work and Proof of Stake are two types of consensus mechanisms that are used to verify transactions on a blockchain network, without a third party.
What Are Altcoins and How Do They Work?
Alternative coins, commonly known as altcoins, are any cryptocurrencies other than Bitcoin. Since 2008, there have been more than 9,000 altcoins created.
Understanding NFTs and How They are Fashionable
An NFT, or non-fungible token, is a unique digital asset that cannot be replaced by something else. NFTs can be anything digital, like art, music and movies.
What is the Metaverse?
The metaverse can be summarised as a combination of virtual reality and a digital world with a framework structured around the internet.
What is Ethereum and ERC-20?
Ethereum is a blockchain platform that launched in 2015 and is identified as a decentralised computing network built on blockchain technology.
What is Bitcoin and How Does it Work?
Bitcoin, a form of cryptocurrency or digital/ virtual currency, was launched in 2009 by Satoshi Nakamoto, a presumed pseudonym.
What is the Blockchain?
Blockchain is an encrypted, distributed database shared across multiple computers or nodes that are part of a community or system.
What is Cryptocurrency?
Cryptocurrency is a currency, just simply digital, that decentralises money. It moves it out of the control of governments and institutions.