Solana is a crypto computing platform that aims to achieve high transaction speeds without sacrificing decentralization. It employs a bundle of novel approaches, including the “proof of history” mechanism. Solana’s native cryptocurrency is SOL, which is used to pay transaction fees and for staking. It also gives holders the right to vote in future upgrades.
“Proof of work” [ POW ] and “proof of stake” [POS] are the two major consensus mechanisms cryptocurrencies use to verify new transactions, add them to the blockchain, and create new tokens. Definition “Proof of work” and “proof of stake” are the two major consensus mechanisms cryptocurrencies use to verify new transactions, add them to
A decentralized exchange (or DEX) is a peer-to-peer marketplace where transactions occur directly between crypto traders. fulfill one of crypto’s core possibilities: fostering financial transactions that aren’t officiated by banks, brokers, or any other intermediary. Many popular , like Uniswap and Sushiwap, run on the Ethereum blockchain. What is Dex? A decentralized exchange (better known as a )
Like a lot of things in crypto, staking can be a complicated idea or a simple one depending on how many levels of understanding you want to unlock. For a lot of crypto users, knowing that staking is a way of earning rewards while holding onto certain cryptocurrencies is the key takeaway. But even if you’re just
Exchange traded funds (ETFs) are a type of security that combines the flexibility of stocks with the diversification of mutual funds. The exchange traded part of the name refers to how these securities are bought and sold on the market like stocks. The fund part refers to how an provides easy access to diversification and
BONK is a Solana-based (SOL) memecoin that was airdropped to the Solana community on Christmas day 2022. The crypto project’s mascot is a Shiba Inu dog, inspired by a popular memecoin called Dogecoin (DOGE). Meme coins have long been a phenomenon among crypto investors and supporters, who see their microscopic prices as an opportunity to make big returns quickly despite the lack of traditional
We assembled 10 new year’s predictions for blockchain tech trends and developments, from the experts. They might be right. A lot of blockchain developers probably feel like they’re working on the cutting edge of the cutting edge, building the financial and business infrastructure of the future. It’s nothing short of a revolution. Based on what
You earn a capital gain when you sell an investment or an asset for a profit. When you realize a capital gain, the proceeds are considered taxable income. The amount you owe in capital gains taxes depends in part on how long you owned the asset. Long-term capital gains taxes are paid when you’ve held
An Index Fund is a type of mutual fund that aims to duplicate the performance of a financial market index, like the S&P 500. This strategy is called passive management—instead of trying to actively beat a benchmark, an index fund aims to be the benchmark. Index funds are a great way to simplify investing while
With spot Bitcoin ETFs set to be approved, and a halving on the way in April, everyone expects bitcoin to rise in 2024. But history suggests that might not be the case, says Frank Corva, at coindatacap.com. It’s that time again — when your friends and family members who know you’re into Bitcoin text asking