Cryptocurrency — meaning and definition Cryptocurrency, sometimes called crypto-currency or crypto, is any form of currency that exists digitally or virtually and uses cryptography to secure transactions. Cryptocurrencies don’t have a central issuing or regulating authority, instead using a decentralized system to record transactions and issue new units. What is cryptocurrency? Cryptocurrency is a digital payment system that…

There is an ongoing discussion among newcomers to the crypto and blockchain industry about how cryptocurrencies are created, and it’s a discussion that carries many parallels to how regular currencies are created. Nonetheless, cryptocurrency mining is different from gold mining, and cryptocurrency minting is different than real-life coin minting.

As a 17-year-old, Vitalik Buterin became familiar with bitcoin during his research for Ethereum. In 2016, Buterin told Wired that he initially dismissed the idea of bitcoin, but he eventually connected with it after a second look. …

🕵🏻‍♂️ 10 smart tricks hackers use to steal your cryptos (and how to protect from them) For consumers and crypto buyers, the crypto-jungle is a real mess as far as security is concerned. If you have ever threaded the waters of any crypto service you will have to go through…

A rug pull is a malicious maneuver in the cryptocurrency industry where crypto developers abandon a project and run away with investors’ funds. Rug pulls usually happen in the decentralized finance (DeFi) ecosystem, especially on decentralized exchanges (DEXs), where malicious individuals create a token and list it on a DEX…

Non-fungible tokens or NFTs are cryptographic assets on blockchain with unique identification codes and metadata that distinguish them from each other. Unlike cryptocurrencies, they cannot be traded or exchanged at equivalency. …

Litecoin (LTC) is an alternative cryptocurrency created in October 2011 by Charles “Charlie” Lee, a former Google engineer. Litecoin was adapted from Bitcoin’s open source code but with several modifications. Like Bitcoin, Litecoin is based on an open-source global payment network that is not controlled by any central authority. …

Words “coin” and “token” are often used as synonyms and considered by many people as interchangeable. But they refer to two completely different concepts. So why many cryptousers confuse coins and tokens and what is the crucial difference between them? In fast-changing sphere of cryptocurrency mass emergence of new terms…

An initial coin offering (or ICO for short) is a crowdfunding technique that blockchain projects use to raise capital and create a new cryptocurrency. The ICO market was thriving in 2017 and 2018 — but these days, due to a variety of factors, other methods for token offerings are more…