This Educational Library will cover every subject related to the cryptocurrency sector. Bitcoin will have its unique place as the leading digital currency. We will take a particular interest in themes associated with the top ten coins and tokens; also, articles covering new digital technologies and advancements in DLT technologies. All aspects of the technology such as security, anonymity, wallets, buy, sell, and transfer cryptocurrencies will also be covered.cryptocurrencies will also be covered.
If you have been in the crypto industry for more than a minute, you've probably heard about decentralized finance (DeFi). It is one of the fastest-growing sectors in the crypto scene, having registered an 1116% increase this year. DeFi grew tremendously, increasing from $674 million in January to $14.185 billion today.
Cryptocurrency provides so many avenues for people to make money. Whether it's trading, mining, staking, or lending, you can make money from crypto in any of several ways. However, one method that flies under the radar (and hence many people don't know about!) is arbitrage trading. Arbitrage trading is a way through which you can make extra cash in a (relatively) risk-free manner.
Mining is the process through which new Bitcoin blocks are generated. Individual nodes on the Bitcoin network race against time in a series of guesses for the right block. Due to the large size of the network and transaction load, this process is resource-intensive - it requires sophisticated computing equipment and consumes massive amounts of power.
The NFT market is the collection of all NFT trades. So, let's define NFTs first. An NFT (Non-Fungible Token) is a special kind of crypto token that just cannot be exchanged for another (possibly) equivalent token.
Litecoin is one of the most popular cryptocurrencies today. The currency is a clone of Bitcoin and appears to ride on the popularity of the pioneer cryptocurrency. However, the crypto has its own merits - like being a 'lighter' version of Bitcoin and thus being used in day-to-day transactions. Litecoin is faster than Bitcoin - having a block time of 2.5 minutes compared to Bitcoin's 10 minutes, meaning it's quicker and easier for Litecoin miners to make money.
Bitcoin started the year (2020) on a rather low key, fetching only an average of $7,500 until July when things started looking up. Ethereum seemed to play the same tune for the first half of the year. Unsurprisingly, both cryptocurrencies showed steady growth against the dollar from July onwards. This trend can be confusing to investors - should you invest in Bitcoin or Ethereum in the coming year? In this article, we help clear the confusion by addressing each currency's nature, its performance in 2020, and its prospects in the coming year.
‘The hardest thing to do in a bull market is to sit,’ says Mike Novogratz, a renowned Bitcoin evangelist. This is a feeling most investors can relate to. In a bull market, prices surge, and volumes skyrocket. And with the wave comes an irresistible urge to board the bandwagon - the fear of missing out (FOMO).
Fusion is one of those cryptocurrencies that came not just as another currency but as a platform for innovation. Although it is an open technology that can be used in various applications, this crypto is best known for powering decentralized finance (DeFi). Like Ethereum and Ripple, which are both currencies and innovation platforms, Fusion also offers FSN, its native currency.
Crypto cashbacks or crypto awards are programs that allow you to get small Bitcoin awards when you spend money in a store. When you make a purchase, you'll instantly be rewarded with a fraction of what you spent. The rewards will be in the smallest units of Bitcoin - satoshis.
In the midst of the current Bitcoin bull run, it is difficult just to look any other way. After all, it is this pioneer crypto that has been hitting the headlines for weeks now. Both speculators and analysts have said the rally will continue. Also, there's a likelihood that BTC will surpass the $20,000 mark, judging by recent performance and investor sentiment. In short, all our eyes have been glued to BTC, which has delivered a spectacular show hitherto. But, remember, investors must diversify.
2020 was an interesting year for crypto. From the market crash in March to Bitcoin rebounding past $15k for the first time in two years, to DeFi exploding than ever before, this was not your average year for the industry. But beneath these events were unseen undercurrents that were driving everything.
Newcomers in cryptoverse can be easily baffled by the myriad of things to learn and understand. ‘Ethereum has hit the highest 3-week close since the last bull run,’ and other such phrases are common in this industry. Then, there are charts that track the movement of different performance indicators in real-time. To add to the confusion, experts often differ on investment advice and the impact of various events in the industry.
Decentralized Finance (DeFi) is a system of financial applications that are powered by smart contracts. Defi has exploded in popularity because of its unprecedented features on cryptographic security, fraud-free transactions, and autonomy. Whether it's investing, loans, insurance, banking, lending, and staking, pretty much every financial offering exists in DeFi.
It is not strange for beginner investors to conflate forex and crypto trading. Although they are similar in some ways, these two industries have significant differences.
Liquidity is a crucial aspect of any trade, much less the DeFi trade, which is notoriously volatile. Liquidity is how fast an asset can be converted into cash in the market. In DeFi, liquidity refers to the availability of liquid assets in the market.
Ethereum introduced smart contracts, and 5 years on, it's still the premier destination for many developers. This is because the network still wields a lot of clout as the pioneer of the technology. However, the Ethereum network is far from perfect, and it faces some challenges like lack of scalability and higher fees that make things hard for developers.
One of the biggest selling points of blockchain is privacy, which is enabled by ultra-modern cryptography. That quality is only enhanced by the tech's decentralized nature, which means there's no single authority calling the shots. These and more features of blockchain make it ideal as a solution for countless modern-day issues.
Podcasts have exploded in recent years. As a medium, they provide a platform to discuss ideas in a relaxed and open setting. And frankly, most people would rather listen or watch interesting audio or video than read a lengthy 10k word article. Another emerging topic of interest is DeFi, short for decentralized finance. Podcasting and DeFi meet at an interesting intersection in modern times, and that's why DeFi experts are using them to connect with a curious base.
Blockchain made a lot possible. Today, whole new worlds of gaming coupled with economic incentives are possible. People are now owning virtual real estate through which they can make a lot of money. You can also breed virtual cats and sell or trade them, making money.
The covid-19 pandemic has put a lot of pressure on economies. Nearly every region has recorded an economic slowdown since authorities began restricting the movement of people. Some governments have tried to rescue their economies from drowning, while others have done nothing. But the US government has been contemplating a stimulus package after it became clear that the central bank is running out of options.
While it may appear as though crypto has received a lot of support and adoption, the reality is that penetration is yet to even go beyond 1%. The reasons for this are the massive obstacles standing between Fiat and crypto, such as high fees, complex procedures, regulatory hurdles, etc. Also, existing on-ramp solutions grapple with high deposit and withdrawal fees, delays, and users not truly owning their own money.
We are living an important growth of applications based on Blockchain technology, what would be the definition of this technology? In 1968, young Americans died...
Which are the best DeFi tokens of 2020? DeFi tokens have had a great year. It's not an exaggeration to say they could very well eclipse 'normal' cryptocurrencies in the future. As DeFi continues to explode and the year nears a close, it helps look at the tokens that have defined 2020 and will probably continue to do so in the coming year.
MIRkey is a Bitcoin hardware wallet designed and introduced to the crypto world by Ellipticsecure, a crypto-security company that specializes in the manufacture of Hardware Security Modules (HSM). According to its developers, MIRkey is a security-focused hardware wallet that embraces a host of security features, including a FIDO2 certification. But unlike most other hardware wallets that have their focus set on ease of use, especially with a large OLED display, MIRkey doesn’t have a display screen.
Ethereum (ETH) is one of the major cryptocurrencies out there, along with recognizable names like Bitcoin, Ripple, Litecoin, and several others. Since its launch...
Most people, when asked about ways to make money off crypto, will say trading. Trading is one of the most straightforward and probably the most popular ways to make money with crypto. But there are several other ways to make money with crypto, and most of them are surer bets than trading - by far.
Xapo is an app-based crypto wallet that seeks to provide the most accessible and highly secure platform for Bitcoin users. It was founded by Wences Cesares – an international entrepreneur and financial technology expert – and it is registered and incorporated in Gibraltar. On their website, the Xapo crypto app is described as a ‘secure alternative platform’ that goes beyond the industry standards in helping you protect your livelihood and digital assets.
Cryptocurrency has opened up so many opportunities to make money. Whether it's HODLing, staking, or mining, there's always an opportunity to make money with crypto. Now, some of these are pretty straightforward. You deposit your crypto and sit and watch your money grow. Or you HODL and move in one day when the market is particularly bullish. But other ways, such as mining, are not as straightforward.
Bitbox02 is a hardware crypto wallet developed by Shift Cryptosecurity AG, a technology company based in Zurich, Switzerland. It has a minimalistic design but packs a wide range of highly effective security features. And this falls in line with its mission of providing users with a secure and independent hardware wallet. According to the Shift Crypto website, the hardware wallet was developed by an international team of programming and crypto security specialists as an improvement of BitBox01.
In this age of DeFi, project after project is competing to provide users all over the world with the most innovative products. Injective Protocol, a layer 2 decentralized exchange, is one of them. Injective wants to unleash the potential of crypto derivatives and borderless decentralized finance.
MyStar Wallet is a mobile phone-based crypto vault designed and developed by Stargram Global, a Korean IT company specializing in Blockchain and entertainment products. On the MyStarWallet website, the crypto vault app is described as a “Multipurpose asset management (and) one-stop platform” for all your cryptocurrency needs. The site further refers to the wallet as a digital asset management tool focused on helping you store, send/receive, and secure your cryptocurrencies.
Cryptocurrencies are officially becoming mainstream. PayPal recently announced that its users would soon be able to send and receive Bitcoin and other cryptocurrencies on...
When selecting a good crypto investment (actually any investment), even seasoned investors can never be too sure. Ripple is one of the several offerings investors can choose from, and no doubt, it has its fair share of both risks and prospects, just like all other crypto investments.
Dharma smart wallet website refers to this crypto vault as 'Your portal to DeFi' and the 'easiest and most secure way to invest and manage your money in DeFi.' This mobile-based crypto wallet was created by Dharma Labs, a San Francisco based crypto technology company, and launched in April 2017. At the time of going public, Dharma was not a fully-fledged crypto wallet but an income-generating platform created on the compound protocol that individuals used to borrow and lend crypto.
As the bulls continue to run the Bitcoin market, investors have squarely focused their attention on this crypto. Meanwhile, many seem to not care about altcoins.
Lightning Peach Wallet is an enterprise-focused crypto vault that’s specially designed to help you process micro-payments done on the lightning network. It is developed and maintained by the BitFury Lightning Network team and aims to help your business become crypto-ready. To this end, the wallet has incorporated several key features, including a fee-free payment processing service for all transactions carried on the lightning network and the integration of eCommerce plugins. The Lightning Peach wallet website also claims that the branded wallet is highly customizable, allowing you to scale up and feature more products and services for your business.
Gnosis safe is a cryptocurrency wallet specially designed for the Ethereum network to host eth-based cryptos and tokens. The wallet was developed by GNOSIS – an internet technology company in Gibraltar – and is among the first smart contract-based mobile apps. It is available as both a desktop/mobile app as well as a browser extension. This, according to its developers, doesn’t just ensure that the wallet is safer but also gives it the capability to handle a wider range of functions not offered by the traditional blockchain wallets.
Jwallet is a multi-coin cryptocurrency wallet developed by Jibrel Network and introduced to the crypto community as one of the safest token wallets. It is Eth-specific and specially designed to host ERC-20 tokens, collectibles like ERC-721 tokens, Non-Fungible tokens, and custom tokens.
USDX wallet is a multi-coin storage vault and the official wallet for the USDX stable coin and the Lighthouse (LHT) Coin. It was developed by the Lighthouse Blockchain Technology GmbH company and introduced to the crypto world in 2017. According to the wallet developers, USDX is specially designed and dedicated to providing users with a platform that they could use to secure and process crypto payments at “lightning-fast” speeds while maintaining zero fees. They add that the innovativeness level that went into designing and coming up with the USDX wallet is aimed at transpassing the current restrictions (banks, borders, and fees) set by both traditional and digital payments platforms.
Ripple is primarily a payment network, RippleNet. Ripple is not a cryptocurrency in itself nor is it based on Blockchain technology in the same...
Most large companies are already adapting to the Blockchain, such as IBM or Microsoft, and more and more are accepting Bitcoins as a payment...
Stakedwallet is a DeFi-focused crypto project that provides you with a platform where you can securely store your digital assets and earn guaranteed interest. It is a highly innovative cryptocurrency wallet that integrates several operational and security features. And they all are aimed at ensuring the wallet is highly secure and easy to use. It works by providing wallet users with an opportunity to stake their cryptocurrencies and earn a fixed daily interest. The interest is deposited to your account daily, and the percentage earning for your staked assets is largely dependent on how long you have kept your funds on the platform.
For the first time in history, there is the possibility of creating a new decentralized monetary system where all of us would benefit greatly....
Today's commerce environment is extremely fragmented: merchants don't know what consumers want, consumers don't have control over their own data, and advertisers' campaigns are ineffective. It's particularly unfair for consumers, who, by clicking "I agree" to terms and conditions, effectively hand over the rights to their data.
Trust Wallet is a crypto mobile app developed and introduced to the crypto market in November 2017 by Viktor Radchenko. It is an open-sourced crypto project that seeks to provide users with a balance between trust, security, and usability. To this end, this crypto wallet app has embraced a wide range of highly advanced features that seek to boost user privacy and ease of use. Some of these include a Web3 Dapp browser, a decentralized exchange, block explorer, and biometric security features.
The blockchain is a new and welcome idea: decentralizing transactions, securing funds with high-level cryptography, and more. The only problem is that today's blockchains exist in separate environments, hindering interoperability. There's also the issue of security concerns. While cryptography goes a long way, blockchain transactions are still vulnerable to security threats, such as the hypothetical 51% attack and malicious actions by network participants.
Naga Wallet is described as the ultimate simple and secure storage for your fiat and cryptocurrency assets on the Naga.com website. It is a hybrid custodial vault for digital assets that integrates a wide range of highly advanced and innovative features. For instance, it is one of the few digital wallets that allows users to send crypto via email and provides users with a social investing platform for crypto, stock, forex, and commodity traders. Naga wallet also provides users with real-time access to the markets and equips you with the necessary investing and portfolio monitoring tools.
With decentralized finance edging closer to the mainstream every day, all manner of DeFi products have been launched to cater to a fast-growing user base. You can now carry out your usual trades and a raft of other activities in a decentralized, secure, and borderless environment powered by the blockchain.
On the web wallet website, this crypto storage vault is described as a web wallet dedicated to bridging the gap between “security, usability, and multi-currency support.” It is an open-source web wallet developed by OmniLayer Technology Company in 2013. Originally referred to as Mastercoin, the Bitcoin-based protocol rebranded to Omni in 2016. Since then, Omniwallet’s development team has committed to the continued improvement of this multi-currency wallet's features and functionalities that the team considers a work in progress.
Luno Wallet is a fast-growing crypto storage vault created by Timothy Stranex, an ex-Google engineer. The wallet seeks to provide its users with a balance between security and ease of use. It is the official crypto wallet for the Luno crypto exchange that started in 2013 as BitX before rebranding to Luno in 2016. Both the Luno exchange wallet and exchange are headquartered in London but maintain satellite offices in South Africa and Singapore.