What are NFTs? How does They Work Non-Fungible Tokens (NFTs) are digital assets that use blockchain technology to store and verify ownership. When a person owns this digital asset, records such as details about the owner, transaction history, and metadata are stored on the blockchain, ensuring the asset’s security. Non-Fungible means this digital asset has … Read more
Web3 Gaming: The Future of Play-to-Earn & Metaverse NFTs, like cryptocurrencies, are widely used in blockchain-based games to support the in-game economy and enable players to earn. Many games have emerged in recent years, such as CryptoKitties, Axie Infinity, and The Sandbox, which employ the Play-to-Earn (P2E) model, allowing players to earn crypto by completing … Read more
How Different Trading Bots Work? Trading bots are algorithms that execute trades at fast speed based on predefined parameters. They utilize real-time market data provided by APIs and data feeds to gain awareness of market conditions and employ order book system to assess market liquidity, determining optimal price for entering or exiting a trade. While … Read more
Introduction Cryptocurrencies have revolutionized the way we store and transfer value by eliminating the need for intermediaries like banks. Utilizing blockchain technology, cryptocurrencies create a decentralized financial system that operates without central authority. This decentralization streamlines the financial transactions and facilitates cross-border payments with greater efficiency. The world’s first cryptocurrency, Bitcoin was specifically designed to … Read more
Stablecoins vs Traditional Cryptocurrencies Although traditional cryptocurrencies have a fixed supply, their demand varies depending on market sentiment, utility in decentralized finance (DeFi), regulatory environments, and other factors. As demand and trading activities change, their price is subject to fluctuations. In contrast, stablecoins are pegged to real-world assets like fiat currency, or other algorithmic strategies … Read more
Dual Investment: Buy Low and Sell High Dual investment is a popular strategy that leverages the market volatility of crypto assets to generate profits. This strategy involves buying an asset at a low price and selling it at a higher price, capitalizing on price fluctuations. While this approach can be executed manually, platforms like Binance … Read more
How DEXs Work Unlike centralized exchanges (CEXs), decentralized exchanges (DEXs) are not managed by a central authority. The trades are executed through smart contracts and users retain custody of their own funds. This approach leverages the full potential of blockchain technology, which aims to decentralize financial services and give users complete control over their assets. … Read more
Introduction SimpleSwap is a non-custodial crypto exchange used for instant swapping of cryptocurrencies. This platform offers flexibility in swapping of cryptocurrencies. Users can connect their wallet or purchase crypto using the available payment methods to initiate swaps. Instant exchanges like SimpleSwap typically do not require any sign up. They use liquidity provided by their partners … Read more
How Spot Trading Works In spot trading, you buy or sell the crypto assets at market price. The trades are executed immediately through order book system which matches the buy and sell orders. Specifically in spot trading, you fully own the asset and can also hold it for long time. In derivatives trading, you only … Read more
Overview of Crypto Wallets Hosted wallets or hot wallets are blockchain-based applications in which you store your crypto and you can transfer these assets to any other crypto application. These are user-friendly applications that utilize blockchain technology and can be used for various purposes. One unique feature is that they are versatile. If crypto investors … Read more