#Basics (19)

Feb 14, 2024,5 min

• Basics

Navigating the World of NFTs: A Deep Dive into Their History, Functionality, and Diverse Applications

NFT is an entry in the blockchain registry that represents a real object. Thanks to NFT, you can digitize any object — such as a picture, a video, and so on. This is a digital certificate that confirm...

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Feb 2, 2024,8 min

• Basics

What is Yield Farming?

What is Yield Farming?Yield farming is one of the most popular investment strategies in the decentralized finance (DeFi) sector.DeFi is a general term used for financial products based on open-source ...

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Jan 19, 2024,6 min

• Basics

What Is Decentralized Finance (DeFi) and How Does It Work?

Decentralized Finance (DeFi) is a revolutionary concept that challenges the traditional approach to financial services. Rather than relying on centralized financial institutions, DeFi utilizes blockch...

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Dec 22, 2023,4 min

• Basics

Crypto Regulations: What is KYC in Crypto?

Regulatory authorities around the world are working to create global standards — KYC rules — abbreviated from "know your customer". These standards apply to the financial and technological sectors, an...

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Dec 22, 2023,5 min

• Basics

Unraveling the World of Crypto Token Standards: A Comprehensive Guide

Crypto token standards are sets of basic rules that a token must comply with to be able to function on the network.At the moment there exist a wide variety of cryptocurrencies, which may seem very dif...

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Dec 15, 2023,5 min

• Basics

A Guide to Different Types of Cryptocurrencies

Cryptocurrencies can be categorized into three main types: Bitcoin, altcoins (which include stablecoins), and tokens, which in turn include DeFi tokens. Each of these groups has its own characteristic...

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Dec 8, 2023,3 min

• Basics

Token vs Coin: What's the Difference

Over the past two years, the cryptocurrency industry has rapidly developed and attracted the attention of many people. Some saw the possibility of quick earnings, while others preferred a more fundame...

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Dec 1, 2023,6 min

• Basics

Consensus Algorithms in the Blockchain

Cryptocurrency networks differ from each other in the organization of work. Since there is decentralization, it is necessary to implement a distributed registry. This is necessary to reconcile transac...

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