Crypto Basics
What is Byzantine meaning and what are its uses in blockchain?
Byzantine meaning in blockchain refers to the concept of Byzantine fault tolerance. It refers to the property of a system that is able to continue operating even if some of the nodes fail or act maliciously.Christopher Smith
What is burn crypto meaning: A look into coin burns
Burn crypto meaning (or coin burning) is the process of permanently removing cryptocurrencies from circulation, reducing the total supply. When the Binance Coin was still part of the Ethereum network, Binance performed periodic Coin Burn events using a smart contract function known as burn function.Barry Stidham
What is BUIDL meaning
BUIDL meaning is the warping of the word “build” in the same fashion as “HODL”. However, in contrast to the meaning of “HODL”, BUIDL refers to the call to arms for building and contributing to the blockchain and the cryptocurrency, rather than passively holding.Sherry Cantwell
What is BAYC meaning (Bored Ape Yacht Club)?
BAYC meaning is “Bored Ape Yacht Club”, and it refers to a collection of 10,000 NFT Apes, each with completely unique traits. BAYC is one of the more successful NFTs currently. Let’s take a look at how BAYC managed to gain popularity in the community.Christopher Smith
What is anti mining meaning in crypto?
Anti mining meaning is a property of a cryptocurrency that is “immune” to mining. Coins from these cryptocurrencies cannot be mined conventionally (e.g. using ASIC hardware).Hallie Gill
What is Alpha crypto meaning?
Alpha crypto meaning refers to the very first stage of the production process of a blockchain. This stage usually consists of a very primitive and basic software or product.Martha Grizzard
What is a Merkle Tree blockchain and what are its uses?
A Merkle tree is a way of organizing and structuring large amounts of data to make it more straightforward to process. Merkle tree blockchain helps facilitate transactions and improve data security tremendously.Sherry Cantwell
What is a DAO and how to create a DAO
How to create a DAO? A DAO is a type of governance commonly used for DApps, projects, and crypto-investment funds. DAOs are popular for their openness and decentralization, as well as their ability to work with self-executing smart contracts.Jerry McNeill
What are some top crypto games out there?
Blockchain and cryptocurrency has been rapidly growing in recent times. Even though one may think of them for investments and money, they can be used to greatly impact the gaming industry. In this article, we will discuss blockchain’s impact on gaming, as well as some top crypto games out there.Cornell Rachel
What are nodes: the driving force behind blockchain and cryptocurrency
Due to the absence of a centralised authority to verify transactions in the cryptocurrency space, there has to be a system to ensure that all transactions are valid, and that no cases of fraud or “double-spending” are present. To solve this, blockchain has turned to nodes to make the cryptocurrency ecosystem secure and safe. So what are nodes?Barry Stidham
Trading Candlestick meanings: What is a candlestick and how to trade with them?
Trading candlestick meanings refer to traders using the hammer candlestick patterns to influence their trading decisions. In this article, we will explain what a candlestick is and how to trade with them.Wayne Ingram
Tips on how to day trade crypto
How to day trade crypto? Day trading is a trading strategy that involves entering and exiting positions on the same trading day. Day traders aim to try and profit off of price changes in a financial instrument by using financial strategies.Martha Grizzard
Sybil attack meaning: what are Sybil attacks in crypto?
Sybil attack meaning is a kind of security threat on an online system where one person attempts to take over the network by creating multiple accounts, nodes or computers. In the crypto space, this happens when someone runs multiple nodes on a blockchain network in a bid to take over the platform.Sherry Cantwell
Scalpers meaning: Scalping trading in crypto explained
Scalpers meaning refers to people who make use of scalping trading to earn profits. Scalping (or scalp trading) is a commonly used short-term trading strategy. As a matter of fact, it’s one of the most common day trading strategies out there. It involves shorter time horizons, quick decision-making, and a good chunk of technical analysis and charting tools. As a result, many professional day traders allocate a portion of their trading account for scalping.Martha Grizzard
Phishing attack meaning: What is Phishing?
Phishing attack meaning is a type of cyber attack where a malicious actor poses as a reputable entity or business in order to deceive people and collect their sensitive information - such as credit card details, usernames, passwords etc.Wayne Ingram
Meme coin meaning in crypto: What are meme coins?
Meme coin meaning is cryptocurrencies who are inspired by memes or jokes on the Internet and social media. The first meme coin created was Dogecoin (DOGE), and this coin was launched as a parody of the popular Doge meme of a Japanese Shiba Inu Dog.James Dean
Maker and Taker meaning: A full guide on market makers and takers
Maker and taker meaning in crypto markets refer to an integral part of the market. The makers create buying or selling orders that are not carried out immediately, while the takers are those who buy or sell instantly. This creates liquidity within the market, hence it is easier for others to instantly buy or sell BTC when the condition is met.Wayne Ingram
SAFU meaning: Secure Asset Fund for Users
SAFU meaning stands for “Secure Asset Fund for Users”. As crypto traders, we may or may not have heard this term.Craig Green
Rebase token meaning: Elastic supply tokens in crypto explained
Rebase token meaning, otherwise known as elastic supply tokens, work in a way that the circulating supply expands or contracts due to the changes in token price. This increase or decrease in supply works with a mechanism called rebasing. When a rebase occurs, the supply of the token is increased or decreased algorithmically, based on the current price of each token.Jerry McNeill
PoW vs PoS: Proof of Work vs Proof of Stake
PoW vs PoS is a common topic in the blockchain and cryptocurrency world. Both represent different consensus mechanisms that are used to run blockchain. In this article, we will explore the differences between the two mechanisms and their tradeoffs.Hallie Gill
