As cryptocurrency continues to take the world by storm, many people want to jump in on this new evolution in finance. While crypto is becoming more and more accessible, it can still be difficult and confusing to understand exactly what crypto is and how it works. There are plenty of resou...
Cryptography is the practice of securing and transmitting data and information in a form that only authorized parties can understand. Encryption processes encode the original message using crypto-mathematical concepts, and rule-based calculations called algorithms to protect against malware or cyber attacks...
Though many people use the words crypto, coins, and tokens interchangeably, it’s important to understand how they differ from one another in order to gain a basic understanding of cryptocurrency. Crypto Coins vs. Tokens While coins and tokens are considered forms of cryptocurrency, they provide ...
Factors That Affect the Value of Your Crypto Tips for Accurately Tracking Crypto Value Conclusion Why Is It Important to Track Your Crypto’s Value? Before delving into how to find the value of my crypto, let’s understand why keeping track of your crypto’s worth is so important: Market ...
Keys are important to understand because they enable the encryption that crypto relies on: Transactions are encrypted using a public key and can only be decrypted—and have the funds involved in the transaction accessed—with a private key. An important note about keys: Here, we're only talking...
To understand the differences between cryptocurrencies and traditional currencies, imagine regular fiat money, such as US dollars and euros, but entirely digital and independent of banks or governments — that’s cryptocurrency. Although it offers advantages like faster transactions and cheaper fees, it...
The crypto space has had the time to mature over the past ten years, but it’s still in its infancy and as such huge returns are in store for those who enter the space now. BitcoinandEthereum, in my view, are sure bets. At this stage, I would rather keep my money reserves in Bi...
Whitepapers can be incredibly revealing—you may not understand much of what is said due to industry jargon—this is a good thing. Whitepapers don't outline how the project will use raised funds and generate returns for investors. A whitepaper is a research document that, in the case of ...
Cryptocurrency creators should have a clear vision of their goals, with a road map that estimates how they will get there. This should be readily available in the white paper and on its website. The vision of a crypto project should give enough details for you to understand what problems it...
something with a chance to appreciate in value. However, they'll need to understand how to access, store, use the gift, and account for triggering any taxable events. If your recipient has never been exposed to crypto before, you should also consider sending them some usage and tax ...