Blockchain Basics
What Is Blockchain?
Last Updated: July 28, 2024Basic Definition A blockchain is a decentralized, distributed digital ledger that records transactions across many computers in a way that ensures the security and integrity of the data. Here are some key aspects of blockchain technology: Decentralization A blockchain is a database that is shared, replicated, and synchronized across multiple nodes (computers or servers) in…
Smart Contracts
Last Updated: July 28, 2024A blockchain smart contract is a self-executing contract with the terms of the agreement directly written into code. Smart contracts automatically enforce, verify, and execute the terms of a contract when predefined conditions are met, without the need for intermediaries.
Crypto Onramps
Last Updated: July 28, 2024A crypto “onramp” is a service or platform that allows users to convert their fiat currency into cryptocurrency. These platforms provide an entry point for new users who want to buy coins but are not great permanent custodial solutions. Coinbase is a well-known example of a crypto onramp.
Crypto Wallets
Last Updated: July 28, 2024A crypto wallet is a digital tool that allows you to store, manage, and interact with cryptocurrencies. It doesn’t store the actual coins but holds the private keys that give you access to your cryptocurrency on the blockchain. Wallet Type Description Advantages Disadvantages Hardware Wallets Physical devices that store private keys offline High security Expensive,…
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