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Beginner level blogs

What is Bitcoin and how it works ? Easy explanation

Bitcoin is a decentralized peer-to-peer electronic cash i.e. no authority has control over it. The smallest part of bitcoin is known as satoshi. 1 Bitcoin = 100,000,000 satoshi Bitcoin is the first application based on Blockchain technology.

What is Ethereum and how it works ? Easy explanation

Ethereum is an open-source platform used to create decentralized applications i.e. the applications that no one has control on.It is like a Do It Yourself platform for decentralized applications (DApps). Ethereum’s main goal is to decentralize the internet.

What is Litecoin and its comparison with Bitcoin

Litecoin is just like Bitcoin. It is a cryptocurrency that runs across a decentralized peer to peer network.Like Bitcoin the Litecoin transactions are recorded in a transparent public ledger called Blockchain. It is faster and cheaper because it uses an algorithm called Scrypt, which is a Litecoin’s unique mining algorithm.

What is Ripple and XRP ? Simple explanation

Ripple wants to make the payments easier by allowing users to transfer the money across the borders with minimal fees.Just like internet has a protocol HTTP to transfer information , Ripple’s Ripplenet has its own protocol called RTXP for moving value or money across the world.

What is WRX Token ? Simple Explanation

WRX is the utility token backed by Wazirx cryptocurrency exchange. It is basically the backbone of Wazirx ecosystem. WRX token is based on Binance Blockchain. Its total supply is 1 Billion. WRX has seen some phenomenal growth since launch. It gave a whooping 300 % gains to the investors.

What is Matic network and Matic coin ? Easy explanation

Matic Network uses the Sidechains for off-chain computation while not compromising on security using the Plasma network and decentralized network of Proof-of-Stake validators. Matic also wants improve the user experience of the decentralized applications

Blockchain concepts

What is blockchain ?

Blockchain is a consensus based secure decentralized public/private database which stores information immutably over a peer-to-peer network.First block in the blockchain is called Genesis block. Based on this block additional blocks are added to form a chain of blocks.

What is DeFi ? Is it better than CeFi ? A Quick Overview

DeFi or Decentralized Finance is a term given to the financial services that have no central authority controlling them, unlike banks in which decisions are usually taken by a single person or a company.

What is Crypto Dust ? How to convert it using WazirX ?

In Crypto, space dust refers to a small amount of leftover tokens or coins. These are so small that users sometimes may not even notice them. As dust is very a negligible amount, It cannot be traded or converted into some other cryptocurrency.

Emerging Crypto Projects

What is EasyFi ? and its comparison with Compound Finance

EasyFi is a universal lending protocol. It is built on the best layer 2 solution currently available i.e. Matic, Ensures cheaper and faster transactions. This makes EasyFi accessible to a large number of users with absolutely negligible congestion in the network.

What is UniLend Finance ? A Quick Overview

UniLend is a decentralized permission-less protocol that combines money markets and spot trading services with lending and borrowing services with the help of smart contracts, unlike any existing DeFi protocol.

What is AION network ? A Quick Summary

Aion is a third generation blockchain whose main focus is interoperability i.e it wants to act as a bridge and connect host of other blockchains, both public and private. This is achieved with the use of a token bridge enabling tokens from each chain to move flawlessly across all chains.

What is IoTex (IOTX) ? A Quick Overview

IoTex is a privacy centric blockchain that aims to connect numerous Internet connected devices or IoT (Internet of Things) devices . So in a nutshell, IoTex is focusing on private and distributed network of Internet of Things.

What is Sandbox ? A Quick Overview

Sandbox is a virtual world that is built on the Ethereum blockchain where players can build their own assets and also monetize their gaming experience.Sandbox is a virtual world that is built on the Ethereum blockchain where players can build their own assets and also monetize their gaming experience.

What is Streamr ? A Quick Overview

Streamr aims to tokenize the value in real-time data and claims to deliver unstoppable data to unstoppable applications. Its mission is to build a decentralized environment for real-time data replacing the centralized services with a peer-to-peer network.