Decentralized exchanges are platforms that facilitate peer-to-peer (P2P) trading of cryptocurrencies without the need for an intermediary or a central authority. Unlike centralized exchanges, which require users to deposit their funds into the exchange’s wallets, DEXs allow users to retain control of their private keys and funds throughout the trading process. This fundamental difference has…
Key features of Bitcoin that makes it unique:
Decentralization: No single authority controls Bitcoin, making it resistant to government interference and manipulation.
Pseudonymity: Users can transact without revealing their real-world identities, providing a level of privacy.
Limited supply: The total number of Bitcoins is capped at 21 million, creating scarcity and potentially driving…
A Bitcoin wallet is essentially a digital storage space for your Bitcoin holdings. It contains a set of private keys that grant you access to your Bitcoin addresses and allow you to conduct transactions on the blockchain network. Your wallet’s public key serves as your Bitcoin address, which others can use to send to you.
Types of Bitcoin Wallets
As explained by…
Ripple is a real-time gross settlement system, currency exchange and remittance network built on a distributed open-source protocol. It was created by Ripple Labs Inc., a US-based technology company, with the goal of enabling “secure, instantly and nearly free global financial transactions of any size with no chargebacks.” However, traditional cross-border payment systems have long…
Ethereum, the second-largest cryptocurrency by market capitalization, has undergone multiple upgrades and hard forks since it’s inception. These forks play a crucial role in shaping the network’s functionality, security and scalability. This is particularly valuable for gaining a deeper understanding of the strategic decisions behind these forks.
What is an Ethereum Fork?
Before…
Privacy of cryptocurrencies has become a paramount concern, particularly in times of heightened surveillance and data breaches. Enter Monero (XMR), a pioneering digital currency that has garnered significant attention for it’s strong privacy features and commitment to advancing financial anonymity. With it’s innovative approach to obfuscating transaction details, Monero has emerged as…
Ripple, a trailblazer in the blockchain space, transforms global financial transactions through it’s decentralized network and native digital asset, XRP. Deviating from traditional financial systems, it tackles cross-border inefficiencies. As a pioneer, Ripple leverages advanced technology to redefine financial transactions, aspiring to create a more inclusive, secure and efficient global…
I remember the first time I heard about Bitcoin. It felt like a futuristic fantasy: digital money, decentralization and no big banks calling the shots. Over time, I realized there were different versions of Bitcoin. One version that caught my attention was Bitcoin Classic, which popped up during something known as the Block Size Debate. If you’re new to this, don’t worry. We’ll break it down…
Wrapped Bitcoin (WBTC) is revolutionizing the cryptocurrency industry by bridging the gap between Bitcoin and Ethereum. As an ERC-20 token, WBTC enhances liquidity, enables decentralized finance (DeFi) applications and stimulates innovation in the crypto space. Crypto industry has been impacted by some top projects and also the innovations and new developments. quma-ai.com is the recent innovation…
When I first got into the world of blockchain scaling solutions, I found myself fascinated by ZK Rollups. Like many of you, I was struggling to understand why my transactions on Ethereum were so expensive and slow. That’s when I discovered this game-changing technology that’s revolutionizing how we interact with blockchain networks. In this article, I’ll share my experience of…
