A layer 2 blockchain is an expansion that is added on top of a layer 1 blockchain. Layer 2 solutions are made to fix the problems that layer 1 blockchains …
A layer 1 (L1) blockchain is the most basic part of a blockchain network. The core layer talks to users directly, makes sure transactions are valid, and keeps the distributed …
An altcoin, which stands for “alternative coin,” is any cryptocurrency that is not Bitcoin. However, some people think of all cryptocurrencies as “altcoins,” since most cryptocurrencies are based off of …
Bitcoin halving happens every four years and means that the reward for mining bitcoins is cut in half. Bitcoin’s mining algorithm includes a halving rule that keeps prices low and …
A decentralized autonomous organization (DAO) is a type of organization that is run by its members through smart contracts on a blockchain. DAOs are transparent and democratic, as all decisions …
Web3 (also called Web 3.0) is a plan for the internet’s future that is open, safe, and decentralised. It is based on blockchain technology, which lets people trade and interact …
Network fees on Ethereum are called gas. Gas is the fuel that powers Ethereum. What are gas fees? Ethereum is like a big computer network where many people can work …
Which is the best wallet to store your crypto? – Hot wallet, cold wallet, and hardware wallet are all types of cryptocurrency wallets. They differ in terms of their connectivity …
Staking is the process of locking up your cryptocurrency assets for a period of time in order to help support the security and operation of a blockchain network. In return …
Know Your Customer is what KYC stands for in crypto. It is a way for cryptocurrency exchanges and other virtual asset service providers (VASPs) to make sure that their customers …
