Tag: blockchain essentials

If you're at all interested in the cryptocurrency world, then you've probably heard of decentralized exchanges (DEXs). After all, crypto is all about decentralization, so it's no surprise that its users seek our similarly decentralized ways to acquire and exchange it. But what exactly are DEXs, and how do they differ from centralized exchanges? How Do Decentralized Exchanges Work? Just...

Volume is an essential metric in crypto trading and investment. A high trading volume leads to fair and, usually, less volatile price changes. Low volume can cause erratic price movement and open the doors to manipulation, making it much easier to execute pump and dump schemes. You can measure volume in a few different ways. It can refer to the total number of...

Circulating supply is an important metric that gets mentioned quite often in crypto market analysis. You have probably heard stuff like "Bitcoin's circulating supply" being said a thousand times before — but what does it mean, and how is it different from a cryptocurrency's total supply? Understanding...

There are two ways of explaining NFTs. The first one’s short and dumb, and the second is actually viable. Let’s start with the silly option: NFT is a non- fungible token. This is a brilliant and common explanation that clears out exactly nothing. Of course, knowing what “NFT” stands for is not enough to understand it. Therefore, we need to explain the craze for...

Anyone who has ever tried to buy or exchange cryptocurrency has probably run into the term “transaction ID”. So what is it, and how can it help you when making crypto and fiat transactions? What Is a Transaction ID? Transaction ID is a unique identifier that represents a transaction. Each particular transaction has its own transaction ID. Transaction IDs can look very different...

Anyone who has ever tried to buy or exchange cryptocurrency has probably run into the term “transaction ID”. So what is it, and how can it help you when making crypto and fiat transactions? What Is a Transaction ID? Transaction ID is a unique identifier that represents a transaction. Each particular transaction has its own transaction ID. Transaction IDs can look very different...