A cold wallet is used for offline storage of cryptocurrencies, like Bitcoin. This form of digital wallet, formerly called cold storage, is kept on a platform without an internet connection. This ensures the security of the wallet, shielding it from potential cyber breaches or other types of unauthorized access that come with being connected to the web.
CryptoPunks are one of the earliest examples of a “Non-Fungible Token” on Ethereum, inspiring the modern CryptoArt movement. Comprising 10,000 unique collectible characters with proof of ownership stored on the Ethereum blockchain, each CryptoPunk is unique and has its own distinct characteristics. They are generated using an algorithm and are bought, sold, and exchanged on the Ethereum blockchain.
What are ERC-20 tokens? ERCs are Ethereum Request for Comments documents that describe standards for programming on Ethereum.
What is a vet coin? VeChain tries to increase efficiency in supply chain management and enterprise operations by simplifying these processes and information flow for intricate supply chains. The VeChain platform consists of two distinct tokens: the VeChain Token (VET) and the VeChainThor Energy (VTHO).
What is Cosmos? Cosmos (ATOM) is a cryptocurrency that powers and secures the ecosystem of blockchains designed to scale and interoperate with one another.
Automated market makers (AMMs) are a form of decentralized exchanges (DEXs) in which assets are priced using mathematical formulas rather than an order book. Instead of using an order book like a traditional exchange, an asset’s price is determined by a pricing algorithm.
What is an impermanent loss? When you deposit assets into a liquidity pool, you are providing liquidity. When the price of your deposited assets changes relative to when you deposited them, you are exposed to impermanent loss. You suffer a monetary loss when you withdraw less dollars than you deposit.
What is a liquidity pool? Decentralized trading, lending, and other functions can be facilitated using liquidity pools (LP), which are collections of funds locked into a smart contract.
A CBDC is a digital version of a country’s fiat money. These currencies are issued by central banks or governments.
Spot trading refers to the direct buying or selling of financial instruments and assets such as cryptocurrencies, forex, stocks, or bonds. Spot trading is a simple way to invest and trade. Your first crypto experience likely involves a spot trade in the spot market, for example buying Bitcoin at the market price and holding it.
