Crypto Basics

Crypto basics series: What is HODL? HODL or later on for "Hold On for Dear Life" is a strategy among crypto enthusiasts in which the cryptocurrencies are not

Crypto basics series: What is layer 2?Layer 2 refers to the additional infrastructure that is created alongside the main blockchain networks (Layer 1s) that helps in processing a larger

Crypto basics series: What is liquidity? Liquidity generally refers to the ability to easily purchase or sell an asset without drastically affecting the price.1 [https://www.investopedia.com/terms/

Crypto basics series: What is a fork?In the crypto world, a fork is a change in protocol often used as a system upgrade or to initiate a chain split.

Crypto basics series: What is Gas? Gas is another term for the transaction fee for using smart contract-compatible blockchain platforms like Ethereum. The price per transaction is dynamic in nature

Crypto basics series: What is Web 3.0? Web 3.0, also known as the third generation web, is permissionless, decentralized, and draws code designs from open sources.1 [https:

Crypto basics series: What is an Altcoin? Altcoins or alternate coins is a name given to any cryptocurrency other than Bitcoin.1 [https://time.com/nextadvisor/investing/cryptocurrency/altcoins/] Bitcoin

Crypto basics series: What is BIP39? Bitcoin Improvement Proposal #39 or BIP 39 is a system created to generate a mnemonic phrase that can be used to access the private

Crypto basics series: What is staking?Staking is the process of providing cryptos for validating a transaction under the Proof of Stake method. While all investors can stake their holdings,

Crypto Basics Series: What is DeFi? DeFi stands for decentralized finance and is a financial system that does not involve banks and other intermediaries. DeFi is established using a system

Crypto Basics Series: What is Volatility? Volatility is a measure of how much the price of an asset fluctuates from its average price over a given period of time. It