PinnedWhat is bitcoin?A mysterious individual or group operating under the alias Satoshi Nakamoto invented the digital money known as Bitcoin in 2009. It is not…Apr 8, 202312Apr 8, 202312
Published inCoinmonksCEX Vs DEX: Crypto Exchanges and the differences between themThere are two different kinds of cryptocurrency exchanges, CEX (Centralized Exchange) and DEX (Decentralized Exchange), and they differ…Aug 1, 20232Aug 1, 20232
Published inWeb3 SpeakerMastersnodes: What are they and what is their role?The term “masternodes” as of my most recent update in September 2021 mostly refers to a notion in blockchain and cryptocurrency networks…Jul 26, 20231Jul 26, 20231
Published inCoinmonksNFTs: What are they and what are they used for?Its initials stand for Non-Fungible Token. It is a category of digital asset that, generally on the Ethereum blockchain, signifies…Jul 24, 20231Jul 24, 20231
Published inCoinmonksPure Proof of Stake: What it is and what is its roleBlockchain networks use the Pure Proof of Stake (PPoS) consensus mechanism to approve transactions and add new blocks. It serves as a…Jul 23, 2023Jul 23, 2023
Published inCoinmonksCEXs: What are they and how do they work?When referring to cryptocurrencies, “CEX” stands for “Centralized Exchange.” Online marketplaces called CEXs make it easier to purchase…Jul 22, 2023Jul 22, 2023
Published inCoinmonksYield Farming: What it is, how it works and what are the risksA term from the field of decentralized finance (DeFi), yield farming refers to the practice of participants receiving rewards for supplying…Jul 21, 2023Jul 21, 2023
Published inCoinmonksLiquidity Pools: What are they, how do they work and what is their role in DeFi?A key idea in decentralized finance (DeFi), liquidity pools make it possible for decentralized exchanges (DEXs) and other DeFi platforms to…Jul 20, 2023Jul 20, 2023
Published inCoinmonksHot Wallets: What are they and how do they work?The term “hot wallet” refers to a cryptocurrency wallet that may be accessed instantly online. Because of their practicality and usability…Jul 19, 2023Jul 19, 2023
Published inCoinmonksCold Wallets: What are they and how do they work?In order to keep digital assets safely and securely offline, away from potential online risks, cold wallets are a subset of cryptocurrency…Jul 18, 20231Jul 18, 20231
