What Is Cryptocurrency? A cryptocurrency is a decentralized, digital store of value and medium of exchange. It’s not a currency with any physical tokens, like dollar bills, and it lacks any centralized governmental oversight. Instead, cryptocurrency relies on encrypted, distributed ledgers—so-called blockchain technology—to record and verify all transactions. Think of blockchain ledgers as a constantly updated checkbook
If it feels like your dollar doesn’t go quite as far as it used to, you aren’t imagining it. The reason is inflation, which describes the gradual rise in prices and slow decline in purchasing power of your money over time. Here’s how to understand inflation, plus a look at steps you can take to
The keynote wrapped, and you’re looking for something to do on the last official night of Consensus. Rather than heading home, consider staying the night in Austin for one last round of networking and entertainment. Here’s your guide to the parties, chats and dinners you want to miss on Friday night at CoinDesk’s flagship conference.
decentralized AI a year ago, “Crypto+AI” sounded like a game of “VC mad libs.” Now, as real-world applications begin to emerge, the idea makes much more sense. Jeff Wilser, who is hosting the AI Summit at Consensus 2024, offers a preview of the programming and reviews the decentralized AI state-of-play. Almost exactly one year ago,
Why is governance needed? Ethereum is not a static protocol. To fix critical bugs, to scale, and to respond to evolving market conditions, changes to the Ethereum protocol are constantly needed. Ethereum governance in practice Ethereum integrates a formalized process for proposing, debating, and integrating upgrades to its protocol. At the core of this process
LSDFi Liquid staking derivatives (LSDs) have been one of the biggest narratives of 2023, against the backdrop of the Shapella upgrade for Ethereum. Put simply, LSDFi are financial instruments that represent receipts of a staked token within a DeFi protocol. They allow users to stake their token, while granting them the flexibility to continue utilizing
In the world of finance, volatility refers to how much and how quickly the price of something changes over time. It’s basically a measure of how “up and down” the price goes. The stock market never stays still. Market indexes see gains and losses every day—in more settled periods, the S&P 500 gains or loses
Ether (ETH) can be used as a peer-to-peer ‘permissionless’ digital currency similar to Bitcoin. This means you don’t rely on an intermediary like a bank or payment provider. Instead, you’re free to send and receive ETH to whoever you want – whenever you want – without asking for permission (as long as you’re using a
To receiving crypto, simply provide the sender with your appropriate cryptocurrency address, which you can find in your cryptocurrency wallet. Receiving crypto refers to acquiring cryptocurrency from another person or entity. It’s similar to receiving regular money, but instead of cash or bank transfers, it happens within the cryptocurrency ecosystem. Here’s how it works: Here
Sending cryptocurrency is as easy as choosing the amount to send and deciding where it goes. The exact procedure for doing so will depend on the type of cryptocurrency wallet you are using, but the main thing you need to know is the ‘address’ of the recipient. What is Sending crypto? Sending crypto, also referred