Guides

Anyone in the financial technology space must have heard about blockchain technology. However, not many people know how it works and the technology behind it. Blockchain technology is an invention of an anonymous individual or a group of people under the pseudonym Satoshi Nakamoto which powered the first cryptocurrency, Bitcoin, released in 2008. Technology has been in play ever since. Since blockchain technology release, the IT industry has massively evolved. However, several people are still skeptical due to a lack…

Data reveals that the overall market cap of stablecoins stands at over $140 B as of December 22, 2022. On top of that, the trading volumes gradually rise as the crypto instrument closes at the $900 billion mark.  Investing in the digital asset world has become difficult for goal-oriented minds. However, the onset of stablecoins has proven to be a valuable tool for trading today. Stablecoins can be described as cryptocurrencies tied to other valuable assets or commodities. Therefore, the crypto…

When Bitcoin launched in 2009, technological and financial experts wanted to see how a digital currency could function. Satoshi Nakamoto, the currency and blockchain creator, introduced proof of work algorithms designed to mine and increase coin circulation. Many blockchains that launched afterward used crypto mining to release new coins.  Crypto mining is primarily the process of gaining new cryptocurrencies by participating in block validation. It mainly involves solving computational puzzles, adding new transaction records to the blockchain, and creating new…

Cryptocurrencies are virtual assets meaning they do not exist in the real sense. However, coin holders can store and use their reserves using crypto wallets. A cryptocurrency wallet is a software program that securely holds public and private keys, allowing digital currency owners to view their balances and send and receive coins on a blockchain. In addition, users can view the wallet as their local bank that stores their funds and access them when needed. Therefore, if you are interested in…

A cryptocurrency exchange is your entry into the cryptoverse. Through it, you get to conclude all the buying and selling transactions in digital currencies that you'd wish to. Their centrality to digital asset trading underscores the significance of their careful selection. Three key questions should guide you when shopping for an exchange. First, what kinds of deals do the market offer? Second, which features make an excellent cryptocurrency exchange? And finally, which beginner-friendly exchanges should every novice consider adopting? Today is…

If you're new in the crypto space, the concept of Ethereum and ERC20 tokens can be pretty mind-boggling. Despite being a blockchain such as Bitcoin, Ethereum has numerous capabilities, such as supporting the creation of other tokens and enabling decentralized applications (dApps) to be run on it. In addition, Ethereum provides the necessary infrastructure to create tokens, meaning developers don't have to build an entirely new blockchain.  In creating tokens on the Ethereum blockchain, developers may comply with the ERC-20…

In 2009, Satoshi Nakamoto released the first digital coin, dubbed Bitcoin, introducing a concept dubbed proof of work, which would be used to mine the coins. Over ten years later, the currency has supernormal value, but the mining process has proven to be a massive risk for the miners. The proof of work systems uses high electricity. Recently, there was introducing a new concept, proof of stake, aiming to solve problems clouding mining.  The proof of stake concept is an…

Are you a rookie crypto investor? Are you wondering how you can make passive income in the crypto world? There are many ways of earning rewards and interests and maximizing your income in the crypto world, including lending, mining, staking, etc.  Crypto mining, introduced in 2009, was the first way of earning crypto rewards. Mining participants are supposed to solve complex computations to get a chance to validate transactions and release new blocks. However, mining has proven flawed over the…

As a beginner in crypto, you may wonder what public and private keys are and why you need them. Private and public keys are vital in cryptocurrency and blockchain to safeguard transactions. If you're seeking to enter crypto, you must understand private and public keys. Here's an in-depth look at each of them.  The Basic of Private and Public Key Private and public keys are elements of cryptography. Cryptography, also known as cryptology, is the study and practice of encrypting…