Guides

Transactions are a big part of how cryptocurrencies work. Almost anything that can be done on a blockchain is done through transactions, whether it's sending cryptos, running Dapps, using Oracles, or even accessing DeFi services; they're all done through transactions. Much like traditional financial transactions, blockchain transactions involve the exchange of value, services, and commodities. But unlike traditional financial transactions, blockchain transactions do not require intermediaries and their fees and delays. To understand how bitcoin transactions work, you need to…

To ensure thorough comprehension, here are some cryptocurrency terminologies and what they mean as used in this guide: Node (blockchain node): Computers connected to the network that store a full copy of the ledger and process transactions, i.e., miners Wallet: a software or hardware + software container for keeping, sending, and receiving cryptocurrency. Protocol: a set of rules that govern how nodes or computers in a system communicate with one another. Ledger: Decentralized database or record of transactions. Used interchangeably…

Cryptocurrencies are volatile investments and can cause unimaginable losses when traded without an effective strategy. Many crypto traders manage the risk of crypto trading by simply buying an asset when the price drops or selling it when the price rises. However, this tactic comes with numerous downsides, including missing out on profits if the price continues to rise after you close a position. Cryptocurrency contract trading comes in handy to enable crypto traders to hedge existing spot positions without additional…

Blockchain, as we all know, is a chain of blocks but not in a literal sense; when we talk of "Block" and "Chain," it is all about digital information that is the "block" stored in a digital database, the "chain." Blocks store information concerning transactions like time, date, and dollar amounts of the most recent purchase.  Cryptocurrencies are a form of micro or virtual currency running on a technology known as blockchain technology. You can owe this innovation coming into…

The crypto world is growing, and blockchains are increasingly facing scalability issues as crypto adoption increases. For instance, Bitcoin is currently the largest crypto market capitalist, completing more than 250 000 transactions daily. However, due to its vast growth, bitcoin's network experiences regular downtimes.  However, bitcoin is not the only blockchain with scalability issues; Ethereum, the second-largest crypto market capitalist, faces similar issues. The scalability problem is, therefore, menacing the entire crypto world and requires urgent solutions.  A new algorithm…

A stablecoin is a form of cryptocurrency whose value is fixed by pegging them to another asset's price, usually a FIAT currency held in bank accounts. Stablecoins can be pegged to various kinds of support; for example, USD Coin (USDC), Paxos (PAX), and TrueUSD (TUSD) are tokens backed by a 1:1 ratio of money held in the bank accounts. By pegging to real-world assets such as the US dollar, these coins avoid price volatility synonymous with the cryptocurrency trading markets.…

Monero (XMR) is the most popular privacy-focused cryptocurrency market, offering users complete anonymity in transactions. Along with growing interested and demand for this privacy-centric coin, the number of wallets that can store XMR has also increased.  In the guide below, you will get a review of the best wallets that can help you store and manage your Monero holdings.  Ledger Nano X (Hardware Wallet) Ledger Nano X is perhaps one of your best bets for storing your Monero in a…

Cryptocurrency wallets can be a bit confusing to new users. However, taking the time to ride the learning curve is worth it, given the role wallets play in securing digital assets and providing users with more financial freedom.  For EOS users, a popular token that powers the EOS.IO blockchain protocol, it is urgent to find a good wallet to store their holdings. Unfortunately, since the project migrated from Ethereum to launch its Mainnet last year, its native token is no…

Bitcoin Cash is one of the most popular Bitcoin forks. This peer-to-peer decentralized digital currency was launched in 2017 after a controversial fork of Bitcoin (BTC).  Finding the right wallet to store your Bitcoin Cash (BCH) can make it easier to store, freely access, and spend your coins at any time. So which are the best crypto wallets for the BCH ecosystem?  Coinomi (Mobile Wallet) Coinomi is a popular non-custodial mobile wallet that offers great security for your BCH. The popular…