What Are Stablecoins? Stablecoins are cryptocurrencies whose value is pegged, or tied, to that of another currency, commodity, or financial instrument. Stablecoins aim to provide an alternative to the high volatility of the most popular cryptocurrencies, including Bitcoin (BTC), which has made crypto investments less suitable for common transactions. KEY TAKEAWAYS How Does Stablecoin Work? Stablecoins attempt to
A smart contract, like any contract, establishes the terms of an agreement. But unlike a traditional contract, a smart contract’s terms are executed as code running on a blockchain like Ethereum. Smart contracts allow developers to build apps that take advantage of blockchain security, reliability, and accessibility while offering sophisticated peer-to-peer functionality — everything from loans
Understanding DeFi Aggregators Decentralized finance, or DeFi, is a rapidly evolving sector within the blockchain technology space. It strives to provide open-access, non-custodial financial products that promote transparency. However, the DeFi landscape is spread across various blockchains, each hosting an ecosystem of isolated financial protocols. This fragmentation can make it challenging for users to optimize their trades
Short for decentralized finance, DeFi is an umbrella term for peer-to-peer financial services on public blockchains, primarily Ethereum DeFi (or “decentralized finance”) is an umbrella term for financial services on public blockchains, primarily Ethereum. you can do most of the things that banks support — earn interest, borrow, lend, buy insurance, trade derivatives, trade assets, and
Tax experts weigh in on how the IRS views crypto trading profits, gifts, mining rewards and more. Tax filing day may be months away, on April 18, 2023, to be exact. But, if you’ve bought, sold, traded, earned or lost cryptocurrency this year, now is the time to prepare. This piece is part of Coindatacap.com Tax
A carefully coordinated marketing campaign takes great pains to distance the new token from Yuga Labs, but the firm that created the Bored Ape NFTs appears to be deeply involved. Earlier this week, it was announced that members of the Bored Ape Yacht Club NFT collection would be getting their very own cryptocurrency, ApeCoin. The
A wallet address is a unique identifier that allows for the sending and receiving of cryptocurrencies. Wallet addresses are generated from public keys and are essential for interacting with blockchain networks. Different cryptocurrencies have different wallet address formats, and it’s crucial to use the correct address for the intended cryptocurrency. Understanding Wallet Addresses A address, a unique identifier in the
Definition Technically, “Crypto Tokens” is just another word for “cryptocurrency” or “crypto asset.” But increasingly it has taken on a couple of more specific meanings depending on context. The first is to describe all cryptocurrencies besides Bitcoin and Ethereum (even though they are technically also tokens). The second is to describe certain digital assets that
Bitcoin, Ethereum, and other crypto are revolutionizing how we invest, bank, and use money. At its core, cryptocurrency is typically decentralized digital money designed to be used over the internet. Bitcoin, which launched in 2008, was the first cryptocurrency, and it remains by far the biggest, most influential, and best-known. In the decade since, Bitcoin and