TL;DRBy now, it’s reasonable to assume that the future is multi-chain. It’s likely that instead of one blockchain gaining complete dominance, there is going to be a multitude of interconnected networks, each with unique properties, trust assumptions, performance, and security.Polygon aims to bring that future closer to reality by offering a framework for creating scaling […]
TL;DRBitcoin has experienced five significant peaks in price since its creation in 2009. So far, the cryptocurrency has had an all-time high of roughly 64,000 US dollars and increased mainstream adoption. The journey has been volatile, often reacting to political, economic, and regulatory happenings.Bitcoin has experienced, on average, 200% growth per year. As of August […]
TL;DRBinance Smart Chain (BSC) is a hard fork of the Go Ethereum (Geth) protocol, and as such, shares many similarities with the Ethereum blockchain. However, BSC developers have made significant changes in some key areas. The largest change is BSC's consensus mechanism, which allows for cheaper and faster transactions.IntroductionAt first glance, Binance Smart Chain (BSC) […]
TL;DRWalletConnect is a protocol used by many crypto wallets that allows you to easily connect with the many DApps of decentralized finance (DeFi). Simply find the DApp you want to interact with, connect with a QR code or deep link, and you’re good to go. Always remember to disconnect at the end of any session […]
TL;DRQuickSwap is an Automated Market Marker on the Polygon Network. It’s a copy of Uniswap and offers the same liquidity pool model. Users add pairs of tokens to liquidity pools and earn transaction fees from others who swap their tokens using the pools.QuickSwap has seen popularity due to the speed and low fees offered by […]
TL;DRChoosing a crypto wallet depends on your needs. Security, custodianship, and interacting with smart contracts are key points to consider. You also may want to access your wallet on different devices.For browser extension wallets, MetaMask, MathWallet, and Binance Chain Wallet are good options. If you prefer a mobile experience, MetaMask, MathWallet, Trust Wallet and SafePal […]
TL;DRTrading responsibly should be your top priority when buying or selling crypto. Much of trading responsibly comes from proper planning. Creating a trading plan can help keep you accountable for your actions later on.By making decisions when you have a clear head, you can avoid emotions affecting your trades. You should also consider doing your […]
TL;DRKnow Your Customer (KYC) checks require financial service providers to identify and verify their customers. This is done as part of their Anti-Money Laundering/Combating the Financing of Terrorism (AML/CFT) compliance efforts to combat financial crime and ensure customer due diligence.KYC proactively combats criminal activity by collecting and verifying customer information. These checks improve trust in […]
TL;DRAML regulations attempt to stop the illegal laundering of illicit funds. Individual governments and multinational organizations like the FATF legislate against money laundering activities.Money laundering takes “dirty” money and turns it into clean money. This can be done by disguising the origins of the funds, mixing them with legitimate transactions, or investing them into legal […]
TL;DRAny coin other than Bitcoin is considered an altcoin, and they range in size from large market-cap blockchains to small new projects. Altcoins are often considered an essential part of crypto portfolio diversification. By investing in good altcoins, you can reduce your portfolio's overall risk. Investing across different classes of altcoin is a responsible investment […]
This no-loss lottery could be your gateway to finally getting dapps Even though we just entered the fall season, things in DeFi keep getting hotter. How about cooling down with a platform that incentivizes you to save while satiating your scratch-off ticket itch inside? PoolTogether is an open-source and decentralized protocol for no-loss prize games. Here’s […]
As a smart contract developer, you want to minimize risk and maximize productivity. Using these layers will minimize your risk of being hacked from the beginning of your smart contract development by identifying and solving issues as soon as they are detected. Why care about smart contract security? We changed the way we offer our […]
TL;DRNFTs are unique digital collectibles on the blockchain. This feature makes them suitable to use in games as representations as characters, consumables, and other tradeable items.NFT games have become popular in the Game-fi world as a way to earn income. You can sell your in-game NFTs to other collectors and players and even earn tokens […]
TL;DRThe Avalanche network attempts to improve scalability without compromising on decentralization. Three blockchains make up its mainnet: the X-Chain, C-Chain, and P-Chain.The X-Chain is used for managing assets and uses the Avalanche consensus protocol. The C-Chain is for smart contracts creation and the P-Chain for coordinating validators. These two blockchains use the Snowman consensus protocol.The […]
Ethereum core devs met for a week to work on the switch from Proof of Work to Proof of Stake, also known as the Merge, and have shared the milestones they achieved. The Merge will mark the end of Proof of Work and the full transition to Proof of Stake, fundamentally changing how the Ethereum […]
TL;DRThe metaverse is a concept of a persistent, online, 3D universe that combines multiple different virtual spaces. You can think of it as a future iteration of the internet. The metaverse will allow users to work, meet, game, and socialize together in these 3D spaces.The metaverse isn’t fully in existence, but some platforms contain metaverse-like […]
TL;DRA typical crypto card lets you earn crypto rewards or instantly convert your crypto to fiat currency to pay for goods and services. Both Mastercard and Visa issue crypto cards, meaning you can use your crypto in millions of locations globally.A prepaid crypto card is similar to a debit card in that it has to […]
TL;DREtherscan is a blockchain explorer for the Ethereum network. The website allows you to search through transactions, blocks, wallet addresses, smart contracts, and other on-chain data. It's one of the most popular Ethereum blockchain explorers and is free to use.Using Etherscan can help you understand exactly how you interact with the blockchain, other wallets, and […]
TL;DRLoot is a collection of 8,000 NFTs, each one consisting of a list of RPG-style items. The NFTs, known as Loot Bags, all have a unique mixture of items, and each item occurs a different amount of times. The Bags had no minting fee and could be bought just for the gas transaction fee.The Bags […]
TL;DRTerra is a blockchain network built using Cosmos SDK specializing in stablecoin creation. Rather than use fiat or over-collateralized crypto as reserves, each Terra stablecoin is convertible into the network's native token, LUNA.LUNA allows holders to pay network fees, participate in governance, stake in the Tendermint Delegated Proof of Stake consensus mechanism, and peg stablecoins.To […]
TL;DRBinance Fan Tokens give token holders special benefits and privileges with teams and brands. Sports clubs, teams, brands, and other influential people can use Binance Fan Tokens to grow their fan community and reward their supporters.Binance Fan tokens are different from NFTs as they are fungible. This means that each specific token is equal to […]
IntroductionThere’s a wide range of technical analysis (TA) tools and indicators that traders may use to try and predict future price action. These may include complete market analysis frameworks, such as the Wyckoff Method, Elliott Wave Theory, or the Dow Theory. They can also be indicators, such as Moving Averages, the Relative Strength Index (RSI), […]
What is the Stock to Flow model?In simple terms, the Stock to Flow (SF or S2F) model is a way to measure the abundance of a particular resource. The Stock to Flow ratio is the amount of a resource held in reserves divided by the amount it is produced annually.The Stock to Flow model is […]
IntroductionTechnical indicators are an essential part of analyzing the financial markets. Some of them aim to illustrate momentum like the Relative Strength Index (RSI), the StochRSI, or the MACD. Others may be used to find potential points of interest on a chart, such as the Fibonacci Retracement tool, Parabolic SAR, or Bollinger Bands.But what is […]
IntroductionLeveraged tokens give you leveraged exposure to the price of a cryptocurrency without the risk of liquidation. This way, you can enjoy the enhanced gains that a leveraged product can give you while not having to worry about managing a leveraged position. This means you don’t have to manage collateral, maintain margin requirements, and of […]
IntroductionUnderstanding and using an API for cryptocurrency trading can open up a world of possibilities when it comes to entering and exiting positions. With some simple coding knowledge, you can plug into an exchange’s backend to automate your trading strategies. By sidestepping the website, you can take a much faster path to the matching engine […]
IntroductionChart patterns are abundant when it comes to technical analysis. We have already talked about them in A Beginner’s Guide to Classical Chart Patterns, and 12 Popular Candlestick Patterns in Technical Analysis. However, there are many other patterns out there that can be useful for day traders, swing traders, and long-term investors. The golden cross […]
IntroductionThere are countless ways to generate profits in the financial markets. Some traders will use technical analysis, while others will invest in companies and projects using fundamental analysis. As such, you, as a trader or investor, also have many different options to create a profitable trading strategy.However, what if the market is going through a […]
IntroductionShort selling allows traders to profit off an asset’s price decline. It’s a very common way to manage downside risk, hedge existing holdings, or simply express a bearish outlook on the market. However, shorting can be an exceptionally high-risk trading strategy at times. Not only because there is no upper limit for the price of an […]
IntroductionWithout the right trading tools, you can’t conduct effective technical analysis. A strong trading strategy will help you avoid common mistakes, improve your risk management, and increase your ability to identify and take advantage of opportunities.For many, TradingView is the go-to charting platform. Offering a hub of technical analysis tools, the powerful HTML5 web application […]