Crypto News Guides

What Is Decentralization? Advantages & Disadvantages [2024]

Decentralization is the transfer of power, authority, control, and decision-making away from centralized entities to a larger distributed network. Decentralized networks aim to create a trustless system where the level of trust needed between network participants is minimal. A trustless system is fostered by distributing decision-making and resources among numerous participants, averting the risk of a small

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Crypto News Guides

What is Ravencoin (RVN)? How does It Work? A Complete Beginner’s Guide[2024]

Bitcoin, popularly called the ‘king of coin,’ is a model for many emerging cryptocurrencies, including Ravencoin. Compared to the original parent currency, Ravencoin uses similar technology with a few modifications as its unique selling point. One of such variations is a special algorithm that allows Ravencoin to be mined on regular computers. Unlike Ravencoin, mining Bitcoin and other

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Crypto News Guides

What is Zcash (ZEC)? How does It work? Complete Beginner’s Guide [2024]

One of the more well-known privacy cryptocurrencies, Zcash (ZEC) harnesses advances in cryptography to offer users optional anonymity when transacting.  Before Zcash, cryptocurrencies were mostly designed to be “pseudonymous” like Bitcoin (BTC), meaning data about the amount users exchanged, the addresses they sent funds to and the addresses they received funds from were always recorded on the blockchain for all to see. 

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Crypto News Guides

What is Terra Luna? How does It work? Complete Beginner’s Guide [2024]

Today we will find an answer to the question “What is Terra Luna?” Luna is the native coin of Terra. The Korean company Terraform Labs created the LUNA blockchain. Through the private sale of Terra Luna coins, they raised $32 million to support this development. Investments were made from centralized sources like OKEx, Huobi, and

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Crypto News Guides

What is TrueUSD? How does It Work? A Complete Beginner’s Guide[2024]

Stablecoins are a type of cryptocurrency that is pegged to fiat currencies or commodities. Historically, stablecoins have helped traders earn trading profits more conveniently by allowing them to interact significantly less with traditional banks each time they place a trade.  What is TrueUSD (TUSD)? TrueUSD, or TUSD for short, is one of several well-known fiat-collateralised

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Crypto News Guides

What is the FTX Token? How does It Work? A Complete Beginner’s Guide[2024]

The FTX token is an exchange token created by the FTX Exchange with the ticker FTT to power its ecosystem and provide value inside the exchange’s activities. The exchange was founded in an attempt to avoid clawbacks in cryptocurrency exchanges. This is accomplished through a three-tier liquidation strategy that utilises rate-limited orders to close positions and a

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Crypto News Guides

What Is XDC Network? How does It Work? A Complete Beginner’s Guide[2024]

Blockchain has genuinely transformed global businesses, offering a secure and transparent method for recording transactions. It’s a game-changer in finance, healthcare, supply chain, and beyond, streamlining operations and boosting efficiency. The XDC Network – an enterprise-ready, open-source blockchain is suited for real-world decentralized finance with tokenization at the forefront. With its developer-friendly hybrid architecture, XDC

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Crypto News Guides

What is Compound (COMP)? How does It Work? A Complete Beginner’s Guide[2024]

Compound Finance is a decentralized lending and borrowing platform based on the Ethereum blockchain. From mortgages to personal loans and leveraged trading of assets, lending is an important function of the traditional financial system. Likewise, lending and borrowing are essential functions of decentralized finance (DeFi) meant to perform a similar function but without the reliance on centralized

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Crypto News Guides

What is Bitcoin Gold? How does It work? Complete Beginner’s Guide [2024]

Bitcoin Gold is a cryptocurrency and a hard fork of Bitcoin, launched in 2017, to return mining to the common individual. A cryptocurrency is a digital asset conceived for use as a medium of exchange, which uses cryptography to secure transactions, control the supply of additional units and corroborate transfers. In short, cryptocurrency is a

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