Decentralized Exchanges with FIAT

Decentralized exchanges, as the name suggests, are cryptocurrency exchanges that operate devoid of a centralized authority. They allow for peer-to-peer exchanges of cryptocurrencies. Everything from capital deposits, order books, order matching, and asset exchange; must be decentralized. However, in most exchanges, only asset exchange is decentralized as they involve cryptocurrencies which are deployed on the... Continue Reading →

Why Running a Node is Important.

Nodes are storage devices that are connected to the internet and store all transaction data right from the start, as a chain of information. This chain of information is known as the blockchain. Nodes send transaction information from the user to the miner and also store the same on the blockchain. They check every transaction,... Continue Reading →

Inflation and Debt Systems

With the introduction of Bitcoin in 2009 and later, subsequent altcoins, many people were of the opinion that cryptos can be used as debt instruments. Debt is something that is owed to someone, but this is not the case while dealing with cryptocurrencies. Bitcoin and other Cryptos aren't Debt Instruments You might not notice this... Continue Reading →

Using Paper Wallets

What are Paper Wallets? When storing Bitcoin and other cryptocurrencies, one can either use a hot wallet or a cold wallet. A hot wallet is one that is connected to the internet. They generate and store private keys and broadcast the signed transaction to the network. Cold wallets are ones that aren't connected to the... Continue Reading →

How do Smart Contracts Work?

What is a Smart Contract? A smart contract can be described as a protocol based on a computer code that is intended to digitally facilitate, verify and/or enforce the negotiation or performance of a contract on the parties to the transaction. Transactions that take place via smart contracts are trackable, irreversible and enforceable without the... Continue Reading →

Blockchain Identification: Good, Bad or Terrible?

"What do you think about initiatives seeking to secure people's identities and personal information using the blockchain? These will allow users to only reveal individual pieces of information to different providers. Will that solve anything, though? Won't banks still require that people provide all of the same information in order to open a checking account?"... Continue Reading →

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