Basic Knowledge

Basic Knowledge

The Spa by Nails for you

En Vi

Basic Knowledge

What is Blockchain and How does it work?

Key Takeaways Blockchain is a digital ledger that securely records transaction data across a distributed network of computers.

What is Options Trading?

Key Takeaways Options trading offers traders and investors the choice, but not the obligation, to buy or sell assets like cryptocurrencies and stocks at a fixed price.

What are Web3 Wallets?

Key Takeaways Web3 wallets are essential for navigating the world of decentralized finance, acting as gateways to interact with blockchain networks and manage digital assets.

What is a crypto wallet and How to Protect it

Cryptocurrency has generated significant interest in recent years, with many investors buying crypto for the first time. But investors are not the only ones interested in cryptocurrency – so too are hackers and scammers, who are always looking for their next opportunity. A crucial part of investing in cryptocurrency is keeping your crypto wallet safe and secure. So what is a crypto wallet, how do crypto wallets work, and how can you protect them?

What is Blockchain Security?

Blockchain security is the risk management procedure or security system that is put in place to protect a blockchain network from online threat actors. Blockchain security uses a combination of cybersecurity best practices, tested frameworks and technical assurances to protect against fraud and cyberattacks.

What are Smart Contracts?

Smart contracts are a type of digital contract stored on a blockchain or distributed ledger technology. When a set of predetermined actions or functions have occurred, smart contracts activate automatically. Once activated, smart contracts are usually irreversible but still trackable.

What is Cryptocurrency and How does it work?

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 Ethereum (ETH)? Everything you need to know about ETH

Ethereum is a decentralized global software platform powered by blockchain technology. It is most commonly known by investors for its native cryptocurrency, ether (ETH), and by developers for its use in blockchain and decentralized finance application development.

What is Bitcoin?

Investors and journalists have likened the craze for investment in cryptocurrencies like Bitcoin to the American Gold Rush of the mid-1800s

How do Cryptocurrency Mining Pools work?

A mining pool is a group of miners who work together to solve the cryptographic problems required by certain blockchains which reward the miners with cryptocurrency. Pools were created when cryptocurrency mining reached a difficulty level that only miners with enormous capacity could accomplish. This crowded small miners out of the competitive mining process, forcing them to work together to compete with the large mining firms.

How Does the Economy Work?

TL;DR Credit – money you receive that you must repay later – powers the economy. More credit means more spending. More spending means more income, and more income means more credit is available from lenders. Credit also creates debt: the borrowed money must be paid back, so spending must decrease later. Central banks raise and lower interest rates to keep the economy in check.

Crypto vs Stocks: What Is The Difference?

TL;DR Cryptocurrencies are digital assets that run on cryptographically secured distributed networks. They can be used as a medium of exchange and store of value. Stocks represent fractional ownership of shares in a company. While they are different asset classes, both crypto and stocks are tradeable and can be seen as investment vehicles.
    ‹‹ ‹   1 2    › ››