The Cryptocurrency Guide Cryptocurrency is a form of digital currency which uses encryption to regulate the generation of units and verify the transfer of funds. It is designed to be secure and cost-efficient. A cryptocurrency is a medium of exchange, which is decentralized. It uses cryptography to secure transactions and control the creation of newContinue reading “Crypto Explained Simply!”
Tag Archives: crypto
Understanding crypto trading volume
What you’ll learn If you’re sequentially following Learn crypto’s section on how to trade cryptocurrency, you’ll be gradually learning about the basic tools for understanding price patterns and signals. Learning how to trade cryptocurrency comes down to how successful you are at doing that, and one of the most fundamental influences of price is volume.Continue reading “Understanding crypto trading volume”
Where do crypto prices come from?
What you’ll learn? In the first article of this series on how to trade cryptocurrency we distinguished between thinking about risk and opportunity – in terms of short term price volatility and long term asset performance. In general, focus on the long term is considered Investing, while executing strategies over a short time frame is whatContinue reading “Where do crypto prices come from?”
What is cryptocurrency trading?
When we surveyed newcomers to cryptocurrency asking them what aspect they would most like to learn about, one of the most popular answers was how to trade cryptocurrency. This shouldn’t be a surprise. Cryptocurrency is an ideal asset to trade because its short-term price is volatile. In other words, price changes quickly and by significant amounts onContinue reading “What is cryptocurrency trading?”
What are the risks of DEFI?
DEFI gives anyone with an internet connection and a supported cryptocurrency wallet access to financial services previously off-limits or restricted by KYC. Centralised intermediaries have been replaced by decentralised and permissionless services automated by Smart Contract. Though removing the middleman democratises financial services it doesn’t remove the risk, which is instead transferred wholly to theContinue reading “What are the risks of DEFI?”
What are token standards?
1. Why token standards are essential for cryptocurrency? 2. The ERC-20 token standard 3. How do NFTs come into it? 4. What other types of token standards are out there? A globally connected world is only possible with the adoption of shared standards. This can mean how we measure and weigh things, assign financial value, orContinue reading “What are token standards?”
What is Yield Farming?
Yield Farming describes the range of opportunities within DEFI (decentralised finance) to generate a return on your cryptocurrency rather than leave it sitting in a wallet. DEFI is an umbrella term for a new breed of permissionless financial services built on blockchains like Ethereum and Solana. The cryptocurrency ecosystem consists of thousands of coins andContinue reading “What is Yield Farming?”
What are the risks with public blockchains?
This blog post examines three risks with public blockchains: 51% attacks, Proof of Stake vulnerabilities, and double spending. 51% Attacks Where blockchains have consensus rules based on a simple majority, there is a risk that malign actors will act together to influence the outcomes of the system. In the case of a cryptocurrency, this wouldContinue reading “What are the risks with public blockchains?”
How does a transaction get into the blockchain?
There are several key steps a transaction must go through before it is added to the blockchain. Today, we’re going to focus on authentication using cryptographic keys, authorisation via proof of work, the role of mining, and the more recent adoption of proof of stake protocols in later blockchain networks. Authentication The original blockchain wasContinue reading “How does a transaction get into the blockchain?”
What’s the difference between blockchain and Bitcoin?
Blockchain is the technology that underpins the cryptocurrency Bitcoin, but Bitcoin is not the only version of a blockchain distributed ledger system in the market. There are several other cryptocurrencies with their own blockchain and distributed ledger architectures. Meanwhile, the decentralisation of the technology has also led to several schisms or forks within the BitcoinContinue reading “What’s the difference between blockchain and Bitcoin?”
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