Bitcoin (BTC) is the first cryptocurrency known for its decentralized nature and limitedsupply of 21 million coins. Think of a limited supply like this: with US dollars, the government can print more whenever it wants. This can sometimes lead to too many dollars in circulation, raising prices...
To mine cryptocurrency, you need a ton of computing power or other cryptocurrency to stake. If you successfully validate transitions in the blockchain, you’ll be rewarded with more crypto. Generally, cryptomining simply refers to the process of generating new cryptocurrency through the process of ...
They may be a “store of value”– Just as some people believe it is wise to purchase gold or other precious metals because they have a perceived intrinsic value, cryptocurrency advocates believe Bitcoin and other currencies may be a way to “hedge” against the possible devaluation of the U...
What is cryptocurrency? Cryptocurrency is a digital payment system that doesn't rely on banks to verify transactions. It’s a peer-to-peer system that can enable anyone anywhere to send and receive payments. Instead of being physical money carried around and exchanged in the real world, cryptoc...
How does cryptocurrency work? Cryptocurrencies are designed to work in different ways. Some cryptocurrencies are meant to behave like money; they act as a means of payment. Others have more in common with traditional investments, like shares, bonds, or funds. Cryptocurrencies are largely unregulate...
How does cryptocurrency have value? Some cryptocurrencies' values are based on supply and demand, meaning their prices are determined by how much others want to use or own a given coin, the supply of the crypto, and how useful people expect it to be in the future. Others, meanwhile, may...
Cryptocurrency Decentralization: What Does It Take To Become Fully Decentralized? Which Crypto Projects Meet The Criteria? What differentiates cryptocurrencyfrom traditional finance technologies? Crypto is decentralized, whereas the financial system we have been locked into is ...
A crypto or NFT airdrop is one way to get your hands on free tokens, but how exactly does it work?
Burning is used in some blockchains to increase coin market value, and in others, it is used to confirm a miner's commitment to the network and grant them the right to mine a block. Understanding Cryptocurrency Burning Cryptocurrency users are assigned a publicly-viewable address that is used...
When it comes tocryptocurrencies and exchanges, reputation counts. Before you even go so far as to create an account or connect your wallet, take time to research the exchange you're considering thoroughly. What do other users say about the exchange? What does the exchange say about itself?