ELI5 : How crypto exchanges work
Exchanges are online markets where one can trade cryptos. It is where all the "pumping and dumping" you keep hearing about happens. (In contrast with real world stock exchanges, p...
ELI5 Bitcoin to USD conversion
Bitcoin itself does not offer a US Dollar for Bitcoin exchange system.
If you've just arrived in the world of cryptocurrencies, this may cause some confusion.
Bitcoin is a c...
Understand cryptocurrency futures
Trading futures is an art. It's probably one of the riskiest investment games you can play, since futures contracts don't actually represent a current asset, but something that is...
What is the difference between digital money and cryptocurrencies?
Cryptocurrencies are a form of digital money, but what we normally understand as digital money is represented in fiat currency. For instance, prepaid cards, virtual credit cards and other forms of digital money are simply fiat money deposited into some account under a traditional banking institution. Parents, for instance, can load up their children’s cards […]
How can I sell Bitcoin?
There are many ways in which you can sell your Bitcoins. Over the counter (OTC) trade is growing everywhere, thus fulfilling one of Satoshi’s original ideas, which was to have a 100% decentralized P2P currency. There are also many centralized exchanges where you can safely trade your BTC for other cryptos, or even cash. In […]
Why are there so many cryptocurrencies?
Why so many cryptocurrencies? Are all of them as complex as Bitcoin? Currently, the Crypto.BI cryptocurrency list has over 1993 entries. What’s behind this crypto diversity? Perhaps, the best way to answer this question is through a practical example. Say you are a member of the Bitcoin development team and suddenly you convince yourself that […]
Brazil’s second highest Court rules that banks can unilaterally close cryptocurrency-related accounts
Brazil’s second highest Court, STJ, has decided in favor of Itaú Bank in a lawsuit started against them by Mercado Bitcoin, one of Brazil’s largest and oldest Bitcoin exchanges. Itaú’s defense argued that KYC and anti-money laundering regulations gave them the necessary powers to close accounts which they, unilaterally and at their sole discretion, decide […]
Concepts In This Page
Crypto Assets are an asset class represented by cryptographic currencies such as Bitcoin, Ethereum and others.
Halving (and halvening) is an automated procedure which halves the rewards paid out to miners who solve blocks. On Bitcoin this happens roughly every 4 years.
ERC20 is an Ethereum standard interface for cryptocurrency token implementation. A smart contract which complies with the ERC20 standard automatically gets detected as a token on the Ethereum blockchain. The ERC20 standard sparked an entire industry where creating a new coin (token, to be accurate) was a matter of publishing a smart contract to the blockchain.
Cryptocurrency Transactions (TX's) are the logical object which tie an unspent output to a new input, forming the chain which allows us to control address balances. Transactions are grouped into blocks which, when verified by mining or staking, form the blockchain.