What is NFT?

nft_feature_image

NFT stands for “non-fungible token.” Fungible means interchangeable. So, a non-fungible token is a non-interchangeable digital token. Because NFTs are non-interchangeable, it means that they are unique. NFTs represent real-world objects like art, videos, in-game items, and music. Table of Contents NFTs are powered by blockchain technology. It is blockchain technology that upholds their integrity […]

What is Bitcoin?

what is bitcoin

Bitcoin is a digital or virtual currency created through a sophisticated decentralized process. It can be traded and exchanged without the intervention of banks or financial institutions. A decentralized creation process means that Bitcoin can be created by private individuals and companies with technical capacity through the process called mining. Bitcoin is untracked and largely […]

What is fiat money?

fiat money

“fiat money refers to a government-issued currency. Plus, this type of currency isn’t backed by physical commodities such as gold and silver. Instead, it is backed by the government that issued it. In terms of value, fiat money derives its value according to the forces of demand and supply and the stability of the government […]

What is Crypto Staking?

What is Crypto Staking

Staking, in crypto, refers to the act of holding your coins in a wallet, locking them up for a period, to validate the network and thus, earn fees based on a fixed percentage. Simply put, you contribute to the security of the blockchain by locking your crypto for a specific time, then the blockchain rewards […]

What is Crypto Wallet?

What is Crypto Wallet

Crypto wallets are apps or devices through which we can send and receive coins, and interact with decentralized applications built on the blockchain. Table of Contents All cryptocurrencies are stored on the blockchain. To interact with your coins, you need a third-party application that holds the keys through which you can make transfers or payments. […]