Basic basics
About crypto
Here’s an introduction to the Crypto world in six monkey-simple steps. Where to start, how to buy it, how to master it and what definitely, definitely not to do with it.
About crypto (7 articles)
What Is Cryptocurrency?
Key Takeaways:— Cryptocurrency is a digital measure of value that can be tracked and transferred without using an intermediary — Crypto exists on a network called blockchain: an infinite, immutable ledger capable of recording every transaction ever made on a network— Because blockchain is accurate and immutable, it allows value…
What is Blockchain? An Introduction
Key Takeaways:— You can think of blockchain as a digital replacement for banks, central banks and the state when it comes to crypto - blockchain is the management system that governs how crypto value can be created and used— Blockchain is a digital ledger of all transactions that have ever…
How Many Cryptocurrencies Are There?
Key Takeaways:— Cryptocurrency isn't homogenous - there are over 6000 different coins and tokens in the cryptosphere— Coins and tokens run on different consensus protocols - this is the system by which each currency validates its transactions. The two principal protocols are proof-of-work and proof-of-stake— Before deciding which coin or…
Everything About Bitcoin
Key Takeaways: — Bitcoin was launched in 2008 and is the world's first decentralized digital currency - its network runs and maintains value autonomously, no state or central bank is involved— Bitcoin is powered by blockchain, a digital ledger that is available for anyone to read, and which cannot be…
The Incredible History of Cryptocurrency
Key Takeaways:— The main premise of cryptocurrency is that it is completely decentralized - in other words, there is no higher entity such as a state or central bank controlling how it is created and managed. It's for the people, by the people.— This is what Satoshi Nakamoto achieved when…
Buying Your First Crypto: A Guide
Key Takeaways:— Crypto is not homogenous, but in fact a huge array of different coins and tokens - your first job is figuring out which ones you want to buy and what you're aiming to get from it— Be discerning! The cryptosphere is full of new projects and opportunities, but…
Crypto On and Off-Ramps – How and Where?
Key Takeaways:— The process of transferring money between crypto and fiat is known as “on-ramping” and “off-ramping”.— This is because the transition from fiat into crypto - and vice versa - is essentially moving value between two totally separate monetary systems, with different rules and dynamics, and entry requirements.— There…