Photo by Paul Bulai on UnsplashI tried to explain what Hot Wallet is in comic strips. TL;DR I explained what a Hot Wallet is and how it will be used in a particular situation.Some Takeaway Hot wallets opposite to cold wallets are to connect with the internet. Users can easily use hot wallets to transact their cryptocurrency around the world where the internet gets access. The internet activates the wallet and enables them to transact between users instantly. However, the question of how secur...

Photo by Tezos on UnsplashI tried to explain what Cold Wallet is in comic strips. TL;DR I explained what a Cold Wallet is and how it will be used in a particular situation.Some Takeaway Wallet in crypto terms is essentially a digital bank account for your cryptocurrency. While the cold wallet is a type of wallet that does not connect to the internet. It refers to a certain type of security measure to disconnect your wallet from the internet to prevent any hacking. As much as your financial in...

Photo by Rishi Ragunathan on UnsplashI tried to explain what Aping is in comic strips. TL;DR I explained what Aping is.Some Takeaway Aping is not pretending like an ape and running around. Aping is a way to trade crypto recklessly. The phenomenon is from the NFT's successful marketing project called Bored Ape Yacht Club. It is an NFT exclusive society and membership is to sell NFT of each different style of unique cartoon apes images. People may question why such cartoon apes' image...

Photo by Josh Appel on UnsplashI tried to explain what Degen is in comic strips. TL;DR I explained what Degen is.Some Takeaway Degen is short for degenerate. It is a crypto term to refer to someone who truly believes crypto projects to the extreme degree of overconfidence without caring of any consequences. This term particularly applies to DeFi space where many Decentralized Finance projects were introduced in 2021 and the hype continued attracting more investments until the beginning of 202...

Photo by Shubham Dhage on UnsplashI tried to explain what Yearn Finance is in comic strips. TL;DR I explained what Yearn Finance is.Some Takeaway Yearn Finance is a suite of products in Decentralized Finance (DeFi). It provides a range of tools through yield generation, lending aggregation, and more ways to generate profits for investors. Yearn runs independently and maintains through various independent developers. The governance is a DAO governing way with holders to join and vote for its f...

Photo by Andreas Brücker on UnsplashI tried to explain what DeFi is in comic strips. TL;DR I explained what DeFi is and how DeFi works.Some Takeaway DeFi or Decentralized Finance is a crypto way to answer the current issue. It is a peer-to-peer financial system contrary to a centralized financial system. The benefits of DeFi are transparent and open to all. However, a centralized financial system that is closed-door deals with barriers to screening out participants. DeFi is not one answer to ...

Photo by Sophie Louisnard on UnsplashI tried to explain what Web3 is in comic strips. TL;DR I explained what Web3 is and how Web3 works.Some Takeaway Web3 is an idea that the website can run on a peer-to-peer platform to control their own data. Web1 is a website for reading only. Web2 is a website that people can join to create content. Web3 can not only include features of Web1 and Web2, but it can also provide a capability to own data. But what does that mean to own your data? Does that mea...

Photo by David Beneš on UnsplashI tried to explain what Fork is in comic strips. TL;DR I explained what Fork is and how Fork works.Some Takeaway The fork is a way to update the blockchain. Think about updating the software on your computer, the fork is updating the blockchain protocol and changing rules of the blockchain. However, the fork is a disagreement between the two miners who validate and invalidate the same block at the same time. It creates a chain split as the agreed miner will con...

Photo by Andrey Metelev on UnsplashI tried to explain what NFT is in comic strips. TL;DR I explained what NFT is and how NFT works.Some Takeaway NFT is a Non-Fungible Token. It is a digital asset that is indivisible. Unlike cryptocurrency, which is a fungible token with indivisible amounts, NFTs are unique on their own. The idea was to create something that is digital unique without possible forgery, which makes them one of a kind. That means each NFT is unique on its own, and nothing will be...

Photo by Xavi Cabrera on UnsplashI tried to explain what Block is in comic strips. TL;DR I explained what Block is and how Block relates to Blockchain and Marlet Tree.Some Takeaway A block is a data structure within the blockchain database. It is a collection of data for each transaction in a cryptocurrency blockchain that will be permanently recorded. Each block carries information about transactions that require participants to validate. Think of a block as an accounting ledger with transac...

Photo by shawnanggg on UnsplashI tried to explain what DAO is in comic strips. TL;DR I explained what DAO is and how DAO works.Some Takeaway DAO or Decentralized Autonomous Organization is an entity without central leadership. There is leadership in the DAO, but it is very different compared to traditional organizations. In traditional organizations, leaders make decisions through a centralized, hierarchical process with only a few members in the decision-making process. On the contrary, DAO ...

Photo by Philip Myrtorp on UnsplashI tried to explain what Airdrop is in comic strips. TL;DR I explained what Airdrop is and how it will be used in a particular situation.Some Takeaway An airdrop is a marketing tool for crypto projects to spread their awareness and broaden audiences. Airdrop is a free giveaway for users to use tokens or coins and boost its utility. Legitimate airdrops will never ask users to make any investment. However, with the recent crypto hype, there are more and more ai...

Photo by Paul Bulai on UnsplashI tried to explain what Hot Wallet is in comic strips. TL;DR I explained what a Hot Wallet is and how it will be used in a particular situation.Some Takeaway Hot wallets opposite to cold wallets are to connect with the internet. Users can easily use hot wallets to transact their cryptocurrency around the world where the internet gets access. The internet activates the wallet and enables them to transact between users instantly. However, the question of how secur...

Photo by Tezos on UnsplashI tried to explain what Cold Wallet is in comic strips. TL;DR I explained what a Cold Wallet is and how it will be used in a particular situation.Some Takeaway Wallet in crypto terms is essentially a digital bank account for your cryptocurrency. While the cold wallet is a type of wallet that does not connect to the internet. It refers to a certain type of security measure to disconnect your wallet from the internet to prevent any hacking. As much as your financial in...

Photo by Rishi Ragunathan on UnsplashI tried to explain what Aping is in comic strips. TL;DR I explained what Aping is.Some Takeaway Aping is not pretending like an ape and running around. Aping is a way to trade crypto recklessly. The phenomenon is from the NFT's successful marketing project called Bored Ape Yacht Club. It is an NFT exclusive society and membership is to sell NFT of each different style of unique cartoon apes images. People may question why such cartoon apes' image...

Photo by Josh Appel on UnsplashI tried to explain what Degen is in comic strips. TL;DR I explained what Degen is.Some Takeaway Degen is short for degenerate. It is a crypto term to refer to someone who truly believes crypto projects to the extreme degree of overconfidence without caring of any consequences. This term particularly applies to DeFi space where many Decentralized Finance projects were introduced in 2021 and the hype continued attracting more investments until the beginning of 202...

Photo by Shubham Dhage on UnsplashI tried to explain what Yearn Finance is in comic strips. TL;DR I explained what Yearn Finance is.Some Takeaway Yearn Finance is a suite of products in Decentralized Finance (DeFi). It provides a range of tools through yield generation, lending aggregation, and more ways to generate profits for investors. Yearn runs independently and maintains through various independent developers. The governance is a DAO governing way with holders to join and vote for its f...

Photo by Andreas Brücker on UnsplashI tried to explain what DeFi is in comic strips. TL;DR I explained what DeFi is and how DeFi works.Some Takeaway DeFi or Decentralized Finance is a crypto way to answer the current issue. It is a peer-to-peer financial system contrary to a centralized financial system. The benefits of DeFi are transparent and open to all. However, a centralized financial system that is closed-door deals with barriers to screening out participants. DeFi is not one answer to ...

Photo by Sophie Louisnard on UnsplashI tried to explain what Web3 is in comic strips. TL;DR I explained what Web3 is and how Web3 works.Some Takeaway Web3 is an idea that the website can run on a peer-to-peer platform to control their own data. Web1 is a website for reading only. Web2 is a website that people can join to create content. Web3 can not only include features of Web1 and Web2, but it can also provide a capability to own data. But what does that mean to own your data? Does that mea...

Photo by David Beneš on UnsplashI tried to explain what Fork is in comic strips. TL;DR I explained what Fork is and how Fork works.Some Takeaway The fork is a way to update the blockchain. Think about updating the software on your computer, the fork is updating the blockchain protocol and changing rules of the blockchain. However, the fork is a disagreement between the two miners who validate and invalidate the same block at the same time. It creates a chain split as the agreed miner will con...

Photo by Andrey Metelev on UnsplashI tried to explain what NFT is in comic strips. TL;DR I explained what NFT is and how NFT works.Some Takeaway NFT is a Non-Fungible Token. It is a digital asset that is indivisible. Unlike cryptocurrency, which is a fungible token with indivisible amounts, NFTs are unique on their own. The idea was to create something that is digital unique without possible forgery, which makes them one of a kind. That means each NFT is unique on its own, and nothing will be...

Photo by Xavi Cabrera on UnsplashI tried to explain what Block is in comic strips. TL;DR I explained what Block is and how Block relates to Blockchain and Marlet Tree.Some Takeaway A block is a data structure within the blockchain database. It is a collection of data for each transaction in a cryptocurrency blockchain that will be permanently recorded. Each block carries information about transactions that require participants to validate. Think of a block as an accounting ledger with transac...

Photo by shawnanggg on UnsplashI tried to explain what DAO is in comic strips. TL;DR I explained what DAO is and how DAO works.Some Takeaway DAO or Decentralized Autonomous Organization is an entity without central leadership. There is leadership in the DAO, but it is very different compared to traditional organizations. In traditional organizations, leaders make decisions through a centralized, hierarchical process with only a few members in the decision-making process. On the contrary, DAO ...