Category: Crypto Knowledge
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Centralized App vs DApp: What are the key differences?
Centralized apps and decentralized apps (DApps) are two different types of applications with distinct advantages and disadvantages. Centralized apps are controlled by a single entity, while DApps are distributed across a network of computers. This difference in architecture leads to a number of key differences between the two types of apps. What is Centralized Application?…
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What is bitcoin and how does it work?
In the rapidly evolving landscape of modern finance, Bitcoin has emerged as a groundbreaking digital asset that challenges traditional notions of currency and investment. Born from the ingenious mind of an anonymous creator, Satoshi Nakamoto, Bitcoin represents a seismic shift in how we perceive and utilize money. This decentralized digital currency has captured the imagination…
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Crypto Wallet: Your Key to Securely Managing Digital Assets
In the rapidly evolving world of cryptocurrencies, the importance of secure and user-friendly crypto wallets cannot be overstated. These digital tools serve as the gatekeepers to your virtual riches, allowing you to store, send, and receive cryptocurrencies safely. In this comprehensive guide, we will dive deep into the world of crypto wallet, exploring their types,…
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Blockchain Oracles and their Problems
The inability of smart contracts to access external data has been a significant limitation in the implementation of blockchain technology in various industries. Oracle has emerged as a solution to this problem, serving as an interface that delivers external data to smart contracts. The type of data delivered by an oracle can vary depending on…
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What are Bitcoin Mixers?
Money laundering, the process of disguising the origins of illegally obtained funds, has undergone significant transformations in the digital age, particularly with the advent of cryptocurrencies like Bitcoin. In response to increased scrutiny from regulators and law enforcement, users have turned to Bitcoin mixers as a means to enhance financial privacy and anonymity. These mixers,…
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What is a DAO crypto?
The use of blockchain-based technologies has become prevalent in various applications that are closely related to our daily lives. These include cryptocurrencies, tokenomics, business applications, Internet-of-Things (IoT) applications, and more. One such application that is growing rapidly and attracting significant attention from academia and governments worldwide is the Decentralized Autonomous Organization. While DAO has presented…
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What is Annual Percentage Yield (APY)?
Annual Percentage Yield, commonly known as APY, is a financial term used to describe the annual return on an investment, expressed as a percentage of the initial investment. APY is an essential concept in both traditional finance and the world of cryptocurrencies, especially in decentralized finance (DeFi), helping investors to compare the potential returns of…
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Crypto Derivatives: An Exploratory Review
Cryptos offer diverse opportunities for traders and investors to capitalize on the dynamic and volatile nature of the cryptocurrency market. However, they also come with their own set of risks and complexities. It is essential for market participants to understand the underlying instruments and associated risks before engaging in crypto derivative trading. As the market…
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What is Crypto Staking?
Knowing about crypto staking and the cryptocurrencies that support it can help you earn passive income while supporting the network’s operations and enhancing the security and decentralized finance of the cryptocurrency ecosystem. It is also important to understand the risks and rewards associated with staking before participating. What is staking in crypto? Crypto staking is…
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CeFi: The Future of Personal and Business Finance
Knowing Centralized Finance (CeFi) is important because it is the dominant form of finance, providing a convenient and stable platform for managing and controlling financial transactions.it is also a valuable resource for beginners to understand the basics of finance and investments, with a wide range of financial products and services. Understanding CeFi will help you…