Articles in Category EDUCATION

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?