Multi-signature (multi-sig) is a security feature that requires multiple keys to authorise a cryptocurrency transaction. Multi-sig wallets are designed to provide extra protection, especially for organisations or groups that need to keep their digital assets safe. Multi-sig wallets have the potential to be really beneficial, but they also have their complexities and potential risks that users should understand before adopting this solution.
Decentralised finance (DeFi) is a term for peer-to-peer financial services offered via public blockchains, primarily Ethereum.
ERC-20 is a standard for creating assets on the Ethereum blockchain. It sets out how assets should work in the Ethereum ecosystem. ERC-20 assets can represent different digital assets and are used in many applications.
Liquidity mining is a way of getting rewards for contributing cryptocurrencies to pools. It is a DeFi strategy that lets users get rewards from their digital assets. To understand liquidity mining, you need to know about decentralised exchanges (DEXs) and automated market makers (AMMs).
PoW and PoS are used in cryptocurrency networks to validate transactions. PoW involves users solving puzzles to add new blocks to the blockchain. PoS lets users validate transactions based on the number of coins they hold and are willing to stake for network security.
A hardware wallet is a physical device designed to store cryptocurrencies securely offline. It doesn't store the cryptocurrency itself, but the private keys that allow access to the digital assets. Because they're offline and have extra security measures, hardware wallets are often used to store cryptocurrencies.
"Token" is another word for "cryptocurrency" or "crypto asset". However, the term has different meanings in different contexts. The first meaning is all cryptocurrencies apart from Bitcoin and Ethereum. In the second meaning, the term describes digital assets built on another cryptocurrency's blockchain, like many decentralised finance tokens. Tokens can be used for many things, from buying and selling in games to exchanging currencies. You can also trade or hold them like any other cryptocurrency.
Coins are digital assets on their own blockchain. Tokens are digital assets that work on an existing blockchain. Coins are mainly used as a medium of exchange. Tokens offer more functions within a specific project.
BRC-20 tokens are a new type of cryptocurrency. They are a new type of cryptocurrency.
Volatility is how much an asset's price has changed over time. The more volatile an asset is, the riskier it is to invest in. It can offer higher returns or losses over shorter periods than less volatile assets.
A wallet address is basically a unique identifier that lets you send and receive cryptocurrencies. Wallet addresses are generated from public keys and are essential for interacting with blockchain networks. Cryptocurrencies have different wallet address formats, so it's important to use the right one for the coin you want to send.
A crypto airdrop is a way that blockchain startups share their tokens or coins with specific wallet addresses. Airdrops are all about getting people excited about new blockchain projects. There are different types of airdrops, and some may require participants to do certain things or hold a certain amount of existing tokens.
Stablecoins have become a crucial part of the cryptocurrency ecosystem, providing a bridge between the volatile world of digital assets and the stability of traditional fiat currencies. But how do stablecoins work, and why does their price remain stable?
Non-Fungible Tokens (NFTs) have taken the digital world by storm, revolutionizing how we buy, sell, and own digital assets. From digital art to virtual real estate, NFTs offer a unique way to own and trade digital items. This beginner's guide will help you understand what NFTs are, how they work, and how you can get started in this exciting new space.
As the world of cryptocurrencies continues to evolve, two primary methods of validating transactions and securing networks have emerged: staking and mining. Each has its unique advantages and challenges, catering to different types of investors and participants in the crypto ecosystem. This article explores the differences between staking and mining, their benefits, drawbacks, and which might be the better choice for you.
The security of cryptocurrencies is a hotly debated topic. While blockchain technology itself is considered secure, the wallets that store cryptocurrencies are vulnerable to potential attacks. This article explores the security aspects of cryptocurrencies, how wallets can be hacked, whether private keys can be brute-forced, and how to protect yourself.
Staking cryptocurrency is quickly becoming a favored method for earning passive income in the crypto world. By staking, you can earn rewards just by holding and securing your crypto assets. This article breaks down how you can maximize your staking earnings and highlights the best coins to stake right now.
The cryptocurrency market is known for its extreme volatility, often driven by the collective emotions of investors. To help navigate these turbulent waters, the Fear and Greed Index has emerged as a valuable tool. This index, inspired by a similar measure used in traditional financial markets, aims to quantify the prevailing sentiment among crypto traders. Here, we delve into what the Fear and Greed Index is, how it works, and its significance in the cryptocurrency market.
