Introduction to cryptocurrency

Mono-sig cryptocurrency wallets will require one signature (or ‘key’) to gain access, sign, and send a cryptocurrency transaction.

We all go through the process of downloading and installing updates to our phones or laptops. Cryptocurrency also relies on similar updates and upgrades to improve its efficiency. However, while it may take just a few clicks or taps of…

A multi-sig wallet requires several signatures to gain access, sign, and send a cryptocurrency transaction.

The more active miners there are on a blockchain, the harder the mining process is, with fewer rewards given each time a new block is mined. Mining pools were created in order to deal more effectively with the increasing difficulty…

Proof-of-stake is a type of consensus protocol that relies on a network of ‘validators’ with similar responsibilities to miners.

In blockchain technology, a testnet is designed to test different improvements in the blockchain without the risk of causing any problems with the network. It can also act as an environment where dapp developers can test their decentralised applications. With…

A non-fungible token (NFT) is a one-of-a-kind digital asset. It cannot be replaced and is unique.

yet up and running. It is used by programmers and developers to test out new features or search for problems in their application or blockchain network. 

Instead of your local bank holding your money, restricting who you can and can’t transfer it to and charging you fees for using their services, in a decentralised environment, you hold your funds in a secure digital wallet and can send money from anywhere in the world to anyone in the world almost instantly, just by having access to an internet connection. 

A brokerage is an online service that allows users to buy and sell assets such as stocks, shares or cryptocurrencies with their local currency. Brokerages charge users a fee for using their platform and can offer additional services such as staking and liquidity pools.

Chainlink and Bitcoin are two very different cryptocurrencies. Let’s explore these differences and their similarities in more detail.

Decentralised applications (Dapps) are just like the applications you use everyday on your smartphone. However, in the context of cryptocurrencies, instead of a mobile phone, these Dapps run on a blockchain network in a public, open-source and decentralised environment.