Trading cryptocurrencies on decentralised exchanges (DEXs) is a direct-to-peer process with no middleman or custodian. Smart contracts are automated executing agreements written in code that facilitate these transactions.
Ethereum 2.0 (also known as ETH2) is a significant upgrade to the Ethereum network. It’s intended to help the Ethereum network expand while also improving security, speed, and efficiency.
Ethereum 2.0 and Ethereum 1.0 are coexisting as of early 2021, although the original blockchain will eventually combine with the ETH2 blockchain. (If you own ETH, you won’t have to do anything; your ETH 1.0 holdings will be automatically transferred to the ETH2 network.) The transition to ETH2 began in December 2020 and will take two years to complete.
Ethereum is a decentralised blockchain technology that creates a peer-to-peer network for securely executing and verifying smart contract code. Participants can transact with one another without relying on a trusted central authority. Participants have full ownership and visibility of transaction data since transaction records are permanent, verified, and securely distributed all across the network. User-created Ethereum accounts are used to send and receive transactions. As a cost of processing transactions on the network, a sender has to sign transactions and are only able to spend Ether, Ethereum’s native coin.
Cryptocurrency continues to grow as the preferred investment choice for many. One of the key reasons for this is that cryptocurrencies are less affected by inflation.
There are a lot of new terminologies to get familiar with when it comes to the world of crypto, and “token” is one of them! Don’t worry if you’re not quite sure what a token is, as we will explain everything below.
There are lots of new terms to familiarise yourself with if you are new to the world of cryptocurrency. It can be rather overwhelming but we are here to assist you every step of the way, which is why we have put together this series on crypto terms. Here are some that you need to know:
If you are new to the world of cryptocurrency, you may be feeling a little bit overwhelmed by the different terms and jargon that is used. You are not alone. A lot of people feel this way, and it should not put you off from getting involved. In fact, to give you a helping hand, we are going to take you through some of the most common crypto slang terms below.
Cryptography is a term used to describe studying secure communication techniques that enable only the sender and the intended recipient of a message to see the contents of it. The term comes from Kryptos, which is a Greek word for hidden. If you have seen this term mentioned before but you’re not quite sure what it is, continue reading to discover everything that you need to know. Plus, do not hesitate to get in touch if you have any questions.
There are a lot of terms used in the world of cryptocurrency, which is why it can often be quite difficult and overwhelming for a beginner. There is no need to worry, though, as we have got you covered. Below, we will reveal everything you need to know about altcoins and DeFi tokens.