Guides

Well, cryptocurrencies have been making headlines everywhere, all over the world. People are making fortunes off the new trend, and there doesn’t seem to be a shortage as more cryptocurrencies are coming into the market. But are cryptocurrencies being used for what they mean - “currencies”? To be a currency, an instrument should function as legal tender. Meaning that if I have bitcoin, I must be able to use that bitcoin to pay for my restaurant bill or buy a…

Since you have stumbled upon this article, you must have heard about Tezos or the good stuff this project is doing in the crypto space. Getting right into it, Tezos is one of the few projects developed from scratch, unlike most cryptocurrencies that have taken after Bitcoin's infrastructure.  As far as the long list of merits of the Tezos blockchain goes, it depends on a less power-hungry algorithm than Bitcoin or Ethereum. The algorithm is less computationally rigorous and less…

It is not an understatement when seasoned investors and traders in the crypto market say that cryptocurrencies are volatile. Cryptocurrencies are the most volatile asset class the world of finance has ever seen. It doesn't help that differences in the base protocol of a cryptocurrency also affect its growth to top it off. This type of inter-asset dependence is unprecedented. When investing in cryptocurrencies, just like any other asset, it is given there is no alternative to hands-on research (DYOR).…

While Bitcoin and other cryptocurrencies are often described as anonymous, this is not the case; they are pseudo-anonymous. Considering all crypto transactions are recorded in a public ledger, it's possible to trace transactions and wallet addresses to their specific owners. Besides, the increased regulatory pressure and law enforcement in the crypto space means privacy and complete anonymity are still challenging.  Bitcoin tumblers, also referred to as cryptocurrency tumblers or cryptocurrency mixers, come in handy to enhance the privacy of cryptocurrencies.…

As the crypto market continues to reach new heights, it's more than just investors interested in the power of blockchain technology. Governments and critical financial institutions recognize the benefits of cryptocurrencies, such as higher efficiency and streamlined payments. As such, Central Bank digital currencies (CBDCs) have started to emerge across the globe. A recent survey revealed that around 10% of central banks are on the verge of issuing some form of centralized cryptocurrencies. Unlike cryptocurrencies designed to provide a reliable…

DeFi, short for decentralized finance, is the latest hot trend in the crypto industry, and rightly so. An emerging market that surged from $1 billion to $40 billion in less than three years cannot go unnoticed for too long. As you read this beginner's guide to DeFi, the sector is adding more protocols, increasing value, and becoming an even more formidable rival to the traditional finance system. It may be too early to bet your bottom dollar on it, but…

Decentralized applications, commonly known as DApps, refer to computer/mobile applications that run over a public blockchain, such as Ethereum, Bitcoin, etc., or cryptographic technologies. A DApp must be open source so the application's source code is available to all users. The apps also offer incentives, usually digital assets such as crypto tokens.   Crypto enthusiasts agree that DApps are quickly taking over blockchain technology by storm. The applications will change how we view software models ultimately. Although Bitcoin introduced the world…

Cryptocurrencies were created to be used in a peer-to-peer transactions, according to the whitepaper of Satoshi Nakamoto. This led to several cryptocurrency wallets by famous companies like Multibit, Electrum, Blockchain.com, Trust, ImToken, Coinomi, etc. Together with all the rest, these wallets have played a significant role in making crypto transactions easier. On the other hand, care must be taken when downloading a mobile wallet, as many fake ones are out there to steal users' funds. On the other hand, cryptocurrency…

Before crypto, people had been trading in foreign exchange and stock markets since the beginning of time (or the introduction of fiat currencies, to be precise). Although the folks who had mastered all the ropes of investment trading acquired obscene profits, the inception of Bitcoin and other cryptocurrencies introduced a whole new realm for enthusiastic traders. If you are starting crypto trading, you should know that there are two strategies you can use. You can either trade manually on an…