Learn the basics about the exciting world of crypto, decentralised finance, and financial technology. Get up to speed on topics like blockchain, altcoins, stable coins and NFTs.
One of the more popular phrases thrown around in cryptocurrencies and blockchain is "smart contract". People talk about smart contracts running blockchains, ensuring things are safe and that the decentralised ideal model of blockchains is followed.
We've all heard the term "blockchain" thrown around. Used to describe countless things in the crypto and DeFi space, it is often poorly understood.
A crypto wallet is a digital storage for cryptocurrency, and gives the user access to their digital assets for transactions. The first crypto wallet was created by Satoshi Nakamoto, the brain behind the revolutionary cryptocurrency Bitcoin. This was the wallet that held the very first Bitcoin in 2009. The technology that brought about Bitcoin, Blockchain technology, eventually evolved into an industry that today accounts for millions of digital wallets. The only way to receive cryptocurrency is through your wallet address which sits on a particular blockchain. This is done by simply giving the sender your crypto wallet address.
Whether you are new to cryptocurrencies or have been around the crypto space for a while, it is becoming increasingly difficult to filter through the noise on social media. Every financial investment has some degree of hype surrounding it and cryptocurrencies, are no different.