What is a 51% Attack?
What is a 51% Attack? Cryptocurrency has made its mark on the world and appears to be here to stay. According to Kat Tetrina from Forbes Advisor, there are currently over 22,000 crypto projects, and their total market value sits around 1 trillion dollars. Perhaps you have heard of some of the top coins like...
What Was the Famous DAO Heist?
The DAO Heist While many people might not know what it is, a DAO, or “decentralized autonomous organization,” is an extremely powerful, interconnected, and modern way for investors to make a difference in the world while capitalizing on businesses they believe in. Conceptually and financially, they represent a wellspring of great potential; however, a significant...
How to Start Your Own Cryptocurrency
Can Anyone Build Their Own Cryptocurrency? In a short answer, yes—cryptocurrencies can be created by anyone with technical computer programming knowledge. How Can You Start Your Own Cryptocurrency? There are three main ways to start your own cryptocurrency: 1. Create your own blockchain and native coin Creating your own blockchain is the most complicated method...
Block Rewards
What are Block Rewards? Block rewards are cryptocurrencies that are paid out to users, or pools of users, in exchange for these users maintaining the cryptocurrencies blockchain network by determining which new blocks are valid and adding them to the blockchain. These rewards can consist of new cryptocurrency coins or tokens, as well as transaction...
Cryptocurrency Inflation and Deflation
What are Cryptocurrency Inflation and Deflation? Cryptocurrency inflation and deflation refer to how the overall purchasing power of a specific cryptocurrency changes over time. Inflationary cryptocurrencies have declining purchasing power over time due to increases in supply; deflationary cryptocurrencies increase in intrinsic value over time as total supply remains constant or decreases. Understanding inflation/deflation for...
Hash Function
What is a Hash Function? A hash function is a mathematical function or algorithm that simply takes a variable number of characters (called a ”message”) and converts it into a string with a fixed number of characters (called a hash value or simply, a hash). The act of hashing is, therefore, running an input into...
Ripple
What is Ripple? Today, Ripple is one of the largest cryptocurrency platforms by market capitalization. However, Ripple Labs, the company behind Ripple and its native cryptocurrency token XRP, had been around since 2012 and was one of the earliest pioneers in the blockchain space, only behind Bitcoin and even before the Ethereum network. The network...
Tether
What is Tether? Tether Holdings Limited (Tether) is a blockchain company that was founded in 2014 and is most well-known for its USD₮ token. This token is designed to maintain a peg of USD1 each, with Tether maintaining USD1 worth of reserve assets for each USD₮ token issued. This token is one of the first...
What Happened to Terra?
What is Terra? Terraform Labs was founded in 2018 to use blockchain technology that aimed to create a decentralized finance network. The blockchain used TerraUSD and its sister token, Luna, to create an algorithmic stablecoin system. Terraform Labs, or Terra for short, was founded by Stanford University-educated, ex-Apple and Google Engineer, Do Kwon. The TerraUSD...
Shadow Banking and Cryptocurrencies
What is Shadow Banking in the Cryptocurrency World? Shadow Banking in Legacy Finance Corporate Finance Institute defines the shadow banking system as “the broad collection of financial institutions and financial markets that offer the same type of services as commercial banks but that are not within the regulatory environment that traditional banks are subject to.”...
