Crypto enthusiasts and traders have adopted numerous expressions that beginners might not understand. You can often read abbreviations such as hodl, fud, FOMO, and fiat on crypto-related forums and social media groups. While most of them are only tied to this industry, the word fiat actually has nothing to do with cryptocurrency terminology. It’s an …
The time when the Bitcoin (BTC) blockchain was the only relevant cryptocurrency blockchain network is long gone. Today, there are numerous popular blockchains such as Ethereum (ETH), Avalanche (AVAX), Binance Smart Chain (BSC), Polygon (MATIC), Tron (TRX), and other networks that allow developer teams to create and launch their own crypto tokens on them. These …
Cryptocurrencies operate on the principle of decentralization, where transactions are irreversible once confirmed on the blockchain. This feature enhances security and integrity but also means that if you send crypto to an incorrect address, it cannot be reversed in the same way as traditional bank transactions. Recovery options are limited and depend significantly on the …
Did you know that when you make a cryptocurrency transaction or trade cryptos in general, you don’t always move the exact amount of cryptocurrency? Sometimes, the tiniest digits don’t add up and are impossible to round; therefore, they remain in your wallet as a byproduct known as crypto dust. It is typically a negligible amount, …
Apart from buying and selling cryptocurrencies on the spot market, you can also make money from margin trading, options, and the futures markets and utilize blockchain’s opportunities in your best interest. For the most part, these types of cryptocurrency trading are based on price speculation. However, it’s not an easy task to determine the price …
Regardless of whether you engage in the real estate business, the cryptocurrency market, the stock market, or any other financial market, you will undoubtedly come across the terms bull and bear. These two terms describe the general characteristics of the market, a specific company, or a specific asset class at a given period of time. …
From its humble beginnings back in 2009, when it was being sold for zero dollars, a single Bitcoin (BTC) is now worth tens of thousands of USD and AUD, with further increases in its price likely to occur as time goes by. Therefore, if you’re looking to acquire Bitcoin assets, purchasing these may seem a …
There are many ways in which you can profit from cryptocurrencies. For instance, you can buy and hold, stake, lend and trade digital currencies, but crypto trading is definitely the most popular method for earning money with crypto. The crypto market is far more volatile than the stock or forex financial market, as the prices …
Blockchain is responsible for changing our point of view on financial transactions, record keeping, and the exchange of information. The way in which a chain of blocks has managed to transform the point of view on different legacy systems throughout various industries is still one of the leading topics of discussion in the technology world. …
Even though the number of digital currencies is well into the thousands, Bitcoin (BTC) is still considered the dominant cryptocurrency ever since its creation in 2009 by the anonymous programmer known by their pseudonym – Satoshi Nakamoto. After over a decade of breaking new ground in the fintech industry, Bitcoin is becoming accepted by more …
Cryptocurrencies, such as Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH), and Ripple (XRP) are the future of the financial world. The adoption of this type of currency is rising rapidly every day as more and more investors are showing interest in it. However, unlike fiat currencies, which we use in everyday money transfers, …
As you might know, new cryptocurrencies enter circulation once the miners manage to solve a complex mathematical problem on the blockchain. The miner who first solves the problem adds a new block of crypto transactions to the digital ledger and updates its data. This is a simple explanation of what the cryptocurrency mining process represents. …
