Category Archives: Crypto Basics

What is Decentralized Finance (DeFi)? Decentralized Finance (or simply DeFi) refers to an ecosystem of financial applications that are built on top of blockchain networks.  More specifically, the term Decentralized Finance may refer to a movement that aims to create an open-source, permissionless, and transparent financial service ecosystem that is available to everyone and operates without any [...]

Yep, Dogecoin is a cryptocurrency based on one of the most famous memes of all time. Remarkably, its comedic nature hasn’t harmed its survival. It boasts a dedicated community of users who have raised funds for a number of initiatives over the years. Introduction  The arrival of Bitcoin in 2009 opened the floodgates for digital currencies. Since [...]

What is blockchain? In short, a blockchain is a list of data records that works as a decentralized digital ledger. The data is organized into blocks, which are chronologically arranged and secured by cryptography.  The earliest model of a blockchain was created in the early 1990s when computer scientist Stuart Haber and physicist W. Scott Stornetta employed cryptographic [...]

Cryptojacking is a malicious activity, in which an infected device is used to secretly mine for cryptocurrencies. In order to do so, the attacker makes use of the victims’ processing power and bandwidth (in most cases this is done without their awareness or consent).  Generally, the cryptomining malware responsible for such malicious activities are designed [...]

Introduction When politics happen to blockchains, hard forks can instigate new projects. Bitcoin Cash (BCH) was created by a group of developers, investors, entrepreneurs, and miners who were unsatisfied with Bitcoin’s development plans. Created in August 2017, Bitcoin Cash is a peer-to-peer electronic cash system that focuses on increased scalability and low transaction fees. The project [...]

Bitcoin 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 [...]

Introduction Mining is integral to the security of Proof of Work blockchains. By computing hashes with certain properties, participants are able to secure cryptocurrency networks without the need for a central authority. When Bitcoin first launched in 2009, anyone with a regular PC could compete with other miners to guess a valid hash for the [...]

There are many ways to buy cryptocurrencies online, but what if you’re sitting on a pile of cash that you want to immediately convert? You can take the scenic route – deposit the cash at your local bank, register with an exchange, complete identity verification, fund your account, wait for it to appear on the [...]

Introduction At the core of cryptocurrencies is the idea of self-sovereignty – the notion that users can act as their own bank. Secure your funds properly, and they'll be harder to reach than even the most well-guarded bank vaults. Fail to do so, and you run the risk of someone remotely emptying your digital wallet. [...]

Satoshi Nakamoto is the pseudonym behind the development of Bitcoin and the authorship of the original Bitcoin whitepaper. The question “who is Satoshi Nakamoto?” has led to speculation of their true identity as well as people falsely claiming they are Satoshi Nakamoto. The creator of Bitcoin has been clouded in mystery for more than a [...]