Difference between revisions of "Crypto Currency"

From Miscellany
Line 40: Line 40:
  
 
: Some digital assets are eligible for "proof of stake" rewards, which vary per asset. Staking requires a minimum holding and may incur commission fees from exchanges or "bakers" (the rough equivalent of coin miners) who actually perform the work involved in maintaining the blockchain in question. In the case of [https://tezos.com/ Tezos (XTZ)], a list of such bakers, to whom a small trader can delegate their stakes, can be found at https://mytezosbaker.com
 
: Some digital assets are eligible for "proof of stake" rewards, which vary per asset. Staking requires a minimum holding and may incur commission fees from exchanges or "bakers" (the rough equivalent of coin miners) who actually perform the work involved in maintaining the blockchain in question. In the case of [https://tezos.com/ Tezos (XTZ)], a list of such bakers, to whom a small trader can delegate their stakes, can be found at https://mytezosbaker.com
 +
 +
: Some tokens can be used as collateral for loans. See the particular coin or token website for terms.
 +
 +
* [https://nexo.io/ Nexo]
 +
** Minimum loan US$1000
 +
** Interest rates 5.9% - 11%, depending on the amount "staked" in Nexo tokens
  
 
==Crypto Info Sites==
 
==Crypto Info Sites==

Revision as of 07:18, 29 August 2020

The short link to this page is https://bit.ly/miscCrypto

Blockchains

The basic building block of crypto currencies

Coins vs Tokens

What are altcoins? What are tokens? What's the difference?
Coins are standalone cryptocurrencies based on their own blockchain. Tokens are built and hosted on existing blockchains.  --Finder.com

Sometimes people use the term “coin” to refer to what other people call “tokens”, and “token” to refer to what others call “coins”, but in reality, they are both Digital Assets and act as transferring value. Coins are usually created within a network as ETH, BTC, LTC. Tokens are Digital Assets created within the application on a blockchain. On Ethereum network they are called ERC20 tokens. -- Ethereum Wallet

Non-Fungible Tokens (NFTs)

Non-Fungible Tokens (NFTs) are unique, immutable virtual assets, such as Decentraland LAND or CryptoKitties or baseball cards. They are used as collectibles, and have sparked surprisingly robust and well-funded markets considering that they are largely imaginary items with no intrinsic value. NFTs are based on the Ethereum blockchain following the ERC-721 standard.

Smart Contracts

Code that acts as the "back-end" of decentralized applications (DApps)

DApps

Decentralized Applications

DeFi

Decentralized Finance

Crypto Wallets

Where one keeps links to crypto assets, protected by public-private key encryption

Staking

Some digital assets are eligible for "proof of stake" rewards, which vary per asset. Staking requires a minimum holding and may incur commission fees from exchanges or "bakers" (the rough equivalent of coin miners) who actually perform the work involved in maintaining the blockchain in question. In the case of Tezos (XTZ), a list of such bakers, to whom a small trader can delegate their stakes, can be found at https://mytezosbaker.com
Some tokens can be used as collateral for loans. See the particular coin or token website for terms.
  • Nexo
    • Minimum loan US$1000
    • Interest rates 5.9% - 11%, depending on the amount "staked" in Nexo tokens

Crypto Info Sites

About Ethereum

Newsletters

Podcasts

Crypto Currency Exchanges

For buying or trading crypto currency

Keeping Track of Alt Coins & Tokens

Retrieved from "https://wiki.kats-sites.net/w/index.php?title=Crypto_Currency&oldid=158"