Category: Crypto Knowledge
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What is Centralized Exchange (CEX)?
Cryptocurrency has revolutionized the financial world, providing a decentralized and secure way to transact. At the core of this landscape are exchanges that facilitate the buying, selling, and trading of digital assets. Among them, Centralized Exchanges (CEX) stand as prominent platforms, offering distinct features, benefits, and risks within the crypto sphere. What is CEX? A…
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An overview of Ethereum
In the dynamic realm of cryptocurrencies and blockchain technology, Ethereum stands as a pioneering force, reshaping the landscape of decentralized applications and smart contracts. Its inception, functionality, advantages, and limitations comprise a captivating narrative of innovation and transformation. What is Ethereum? Ethereum is a decentralized, open-source blockchain platform that enables the creation of smart contracts…
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Centralized App vs DApp: What are the key differences?
Centralized apps and decentralized apps (DApps) are two different types of applications with distinct advantages and disadvantages. Centralized apps are controlled by a single entity, while DApps are distributed across a network of computers. This difference in architecture leads to a number of key differences between the two types of apps. What is Centralized Application?…
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What is Web3?
In the ever-evolving world of technology, the term “Web3” has been making waves. It represents the next paradigm shift in the evolution of the World Wide Web, offering a decentralized and more immersive online experience. In this article, we’ll explore the journey of the web from its humble beginnings to the emergence of Web3, its…
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What is bitcoin and how does it work?
In the rapidly evolving landscape of modern finance, Bitcoin has emerged as a groundbreaking digital asset that challenges traditional notions of currency and investment. Born from the ingenious mind of an anonymous creator, Satoshi Nakamoto, Bitcoin represents a seismic shift in how we perceive and utilize money. This decentralized digital currency has captured the imagination…
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Crypto Wallet: Your Key to Securely Managing Digital Assets
In the rapidly evolving world of cryptocurrencies, the importance of secure and user-friendly crypto wallets cannot be overstated. These digital tools serve as the gatekeepers to your virtual riches, allowing you to store, send, and receive cryptocurrencies safely. In this comprehensive guide, we will dive deep into the world of crypto wallet, exploring their types,…
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Blockchain Oracles and their Problems
The inability of smart contracts to access external data has been a significant limitation in the implementation of blockchain technology in various industries. Oracle has emerged as a solution to this problem, serving as an interface that delivers external data to smart contracts. The type of data delivered by an oracle can vary depending on…
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What are Bitcoin Mixers?
Money laundering, the process of disguising the origins of illegally obtained funds, has undergone significant transformations in the digital age, particularly with the advent of cryptocurrencies like Bitcoin. In response to increased scrutiny from regulators and law enforcement, users have turned to Bitcoin mixers as a means to enhance financial privacy and anonymity. These mixers,…
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What is Ethereum Virtual Machine (EVM)?
In the ever-evolving landscape of cryptocurrency and blockchain technology, the Ethereum Virtual Machine stands as a pivotal and transformative component. It plays a crucial role in enabling the execution of smart contracts, which have redefined how decentralized applications (DApps) operate on the Ethereum blockchain. The EVM operates on a stack-based architecture, meticulously executing code generated…
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What is Annual Percentage Yield (APY)?
Annual Percentage Yield, commonly known as APY, is a financial term used to describe the annual return on an investment, expressed as a percentage of the initial investment. APY is an essential concept in both traditional finance and the world of cryptocurrencies, especially in decentralized finance (DeFi), helping investors to compare the potential returns of…