There is a lot of confusion for newbies when it comes to difference between apr vs apy, so let’s find out which is better when it comes to apr vs apy crypto staking Is apr the same as apy? No, when it comes to technical terms, there is still a lot of uncertainty between APR and APY, these words are sometimes used interchangeably in the world of Cryptocurrency. Let us try to understand both of these terms differently and in-depth.What is APR?The term "annual percentage rate," or simply "APR," ...

There is a lot of confusion for newbies when it comes to difference between apr vs apy, so let’s find out which is better when it comes to apr vs apy crypto staking Is apr the same as apy? No, when it comes to technical terms, there is still a lot of uncertainty between APR and APY, these words are sometimes used interchangeably in the world of Cryptocurrency. Let us try to understand both of these terms differently and in-depth.What is APR?The term "annual percentage rate," or simply "APR," ...

There has been a lot of talk about NFTs recently and these digital assets have turned out to be a top-rated source of investment for crypto enthusiasts. The best thing about these digital assets is that they are strictly unique and their value is directly proportional to the uniqueness they offer. NFTs are sold on their respective marketplaces and before we dive into the transfer of NFTs let us know more about the NFT Marketplaces.OpenSea - The First Ever NFT MarketplaceNFTs are all over the ...

There has been a lot of talk about NFTs recently and these digital assets have turned out to be a top-rated source of investment for crypto enthusiasts. The best thing about these digital assets is that they are strictly unique and their value is directly proportional to the uniqueness they offer. NFTs are sold on their respective marketplaces and before we dive into the transfer of NFTs let us know more about the NFT Marketplaces.OpenSea - The First Ever NFT MarketplaceNFTs are all over the ...

Before we start with “why do exchanges require KYC?”, let’s first take a look at what is KYC regards to Cryptocurrency Exchanges. KYC or Know Your Customer is a process of identifying and verifying the client's identity when opening an account and periodically over time.What does KYC stand for in Crypto Exchanges?Crypto exchanges follow KYC (Know Your Customer) procedures to verify customers' identities and prevent money laundering and terrorism financing. This involves collecting p...

Before we start with “why do exchanges require KYC?”, let’s first take a look at what is KYC regards to Cryptocurrency Exchanges. KYC or Know Your Customer is a process of identifying and verifying the client's identity when opening an account and periodically over time.What does KYC stand for in Crypto Exchanges?Crypto exchanges follow KYC (Know Your Customer) procedures to verify customers' identities and prevent money laundering and terrorism financing. This involves collecting p...

Every crypto transaction in the world runs because of a chain of encoded data also known as blockchain. The functioning of these blockchains inturn is made possible by different consensus mechanisms running second by second to ensure fair play, correct validation and a successful transaction. While Proof of Work (PoW) and Proof of Stake (PoS) consensus mechanisms continue to run the Bitcoin (BTC) and Ethereum (ETH) blockchains respectively, they too have their shortcomings. Both proof of work...

Every crypto transaction in the world runs because of a chain of encoded data also known as blockchain. The functioning of these blockchains inturn is made possible by different consensus mechanisms running second by second to ensure fair play, correct validation and a successful transaction. While Proof of Work (PoW) and Proof of Stake (PoS) consensus mechanisms continue to run the Bitcoin (BTC) and Ethereum (ETH) blockchains respectively, they too have their shortcomings. Both proof of work...

Proof of Work consensus mechanism simply means the show of work (proof) that has been done or put in. The more the work done, the more the reward is received.Proof of Work (PoW) ExplainedIn this mechanism, the data on the blockchain can be edited, maintained, added or deleted by a distributed ledger which is self-governing (thanks to decentralisation). In proof of work mechanism, anybody anonymous can join the network with any computer and become a validator. Here, if a transaction is happeni...

Proof of Work consensus mechanism simply means the show of work (proof) that has been done or put in. The more the work done, the more the reward is received.Proof of Work (PoW) ExplainedIn this mechanism, the data on the blockchain can be edited, maintained, added or deleted by a distributed ledger which is self-governing (thanks to decentralisation). In proof of work mechanism, anybody anonymous can join the network with any computer and become a validator. Here, if a transaction is happeni...

Cryptocurrencies have always been one of the fastest moving and emerging technology, the rapid growth in this technology can be seen via the number of different currencies being launched every now and then. The number of blockchain enthusiasts is also increasing day by day. You will often encounter different terms and technology as a blockchain enthusiast, one such term which is very new though a very effective one is, Game Theory. You must be wondering what Game theory must be composed of. W...

Cryptocurrencies have always been one of the fastest moving and emerging technology, the rapid growth in this technology can be seen via the number of different currencies being launched every now and then. The number of blockchain enthusiasts is also increasing day by day. You will often encounter different terms and technology as a blockchain enthusiast, one such term which is very new though a very effective one is, Game Theory. You must be wondering what Game theory must be composed of. W...

In the world of cryptocurrency the underlying technology which forms the very basis of this world is called a Blockchain. Every time someone buys, sells or transfers any crypto the transaction is made possible only because of the Blockchain. In short, it is because of Blockchains that crypto transactions are made possible.Blockchain Explained In Simple WordsIn simple terms the word ‘Blockchain’ is a portmanteau of the words ‘block’ and ‘chain.’ A block is a bunch of data or a collection of re...

In the world of cryptocurrency the underlying technology which forms the very basis of this world is called a Blockchain. Every time someone buys, sells or transfers any crypto the transaction is made possible only because of the Blockchain. In short, it is because of Blockchains that crypto transactions are made possible.Blockchain Explained In Simple WordsIn simple terms the word ‘Blockchain’ is a portmanteau of the words ‘block’ and ‘chain.’ A block is a bunch of data or a collection of re...

Jack Dorsey announces ‘Web 5’, a new platform built on the Bitcoin blockchain. This line itself gives you a glimpse of what we will be discussing: Web5 But, moving ahead, let's catch up on some terms. Starting with, Why Web5?? If this is Web5, what are Web1, Web2, and Web3. Just a conspiracy?? Well, no. Here’s what it is. Web1, as the name suggests, was the initial one, it basically refers to the time when you can view the information being posted on the web but these posts are available...

Jack Dorsey announces ‘Web 5’, a new platform built on the Bitcoin blockchain. This line itself gives you a glimpse of what we will be discussing: Web5 But, moving ahead, let's catch up on some terms. Starting with, Why Web5?? If this is Web5, what are Web1, Web2, and Web3. Just a conspiracy?? Well, no. Here’s what it is. Web1, as the name suggests, was the initial one, it basically refers to the time when you can view the information being posted on the web but these posts are available...

As time flies, it gets difficult to track the resistances and supports of a crypto. That’s where rainbow chart comes in and helps predict the price of bit coin Bitcoin, launched in 2009, is now a well-known and popular cryptocurrency with decentralized features, limited supply, and strong security. It has gained significant media attention and attracted investors and traders globally. Click here to learn why Bitcoin is a good investment Yet, do you ever wonder if there can be something really...

As time flies, it gets difficult to track the resistances and supports of a crypto. That’s where rainbow chart comes in and helps predict the price of bit coin Bitcoin, launched in 2009, is now a well-known and popular cryptocurrency with decentralized features, limited supply, and strong security. It has gained significant media attention and attracted investors and traders globally. Click here to learn why Bitcoin is a good investment Yet, do you ever wonder if there can be something really...

A non-fungible token (NFT) collection named Bored Ape Yacht Club (BAYC), also known as Bored Apes, was created last year on the Ethereum network. The Bored Ape Yacht Club NFT contains profile images of animated Apes which were created procedurally by an algorithm and were included in the collection. Yuga Labs is the parent organization of the Bored Ape Yacht Club. After being initially minted on April 20, 2021, the project went live with a pre-sale on April 23, 2021. Holders of a Bored Ape NF...

A non-fungible token (NFT) collection named Bored Ape Yacht Club (BAYC), also known as Bored Apes, was created last year on the Ethereum network. The Bored Ape Yacht Club NFT contains profile images of animated Apes which were created procedurally by an algorithm and were included in the collection. Yuga Labs is the parent organization of the Bored Ape Yacht Club. After being initially minted on April 20, 2021, the project went live with a pre-sale on April 23, 2021. Holders of a Bored Ape NF...

Tracking transactions especially in a blockchain can be complicated, that's where a blockchain transaction tracker aka a block explorer comes into the picture If you’ve encountered thoughts like “how to track a transaction on blockchain?” or “ how do i track a crypto transaction?”, a block explorer will help you solve it with ease.What is a Block Explorer?A crypto transaction tracker that can display all historical transaction information on a blockchain network is known as a block explo...

Tracking transactions especially in a blockchain can be complicated, that's where a blockchain transaction tracker aka a block explorer comes into the picture If you’ve encountered thoughts like “how to track a transaction on blockchain?” or “ how do i track a crypto transaction?”, a block explorer will help you solve it with ease.What is a Block Explorer?A crypto transaction tracker that can display all historical transaction information on a blockchain network is known as a block explo...

The use of CC0 NFTs is rapidly expanding, and they have the potential to revolutionize the way we think about digital ownership and intellectual property. In this article, we will explore what CC0 NFTs are, how they work, and their potential applications in various industries. Making through the crypto world CC0 NFTs, on the other hand, have given rise to a brand-new class of NFTs and their supporters. So, let’s get started with today’s topic i.e. CC0 and try to explore its dimensions.What is...

The use of CC0 NFTs is rapidly expanding, and they have the potential to revolutionize the way we think about digital ownership and intellectual property. In this article, we will explore what CC0 NFTs are, how they work, and their potential applications in various industries. Making through the crypto world CC0 NFTs, on the other hand, have given rise to a brand-new class of NFTs and their supporters. So, let’s get started with today’s topic i.e. CC0 and try to explore its dimensions.What is...