Difference between revisions of "Crypto Currency"
From Miscellany
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* [https://nexo.io/ Nexo] | * [https://nexo.io/ Nexo] | ||
− | ** Minimum loan US$ | + | ** Minimum loan US$10 |
** Loan interest rates 5.9% - 11%, depending on the amount "staked" in Nexo tokens | ** Loan interest rates 5.9% - 11%, depending on the amount "staked" in Nexo tokens | ||
** Dividends on staked tokens up to 30% APR | ** Dividends on staked tokens up to 30% APR |
Revision as of 09:47, 29 August 2020
The short link to this page is https://bit.ly/miscCrypto
Contents
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
- Differences Between Cryptocurrency Coins and Tokens
- Cryptocurrency Coins vs Tokens
- What Are Different Types of Cryptocurrencies?
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
Borrowing Against Crypto Assets
- Some tokens can be used as collateral for loans. See the particular coin or token website for terms.
- Nexo
- Minimum loan US$10
- Loan interest rates 5.9% - 11%, depending on the amount "staked" in Nexo tokens
- Dividends on staked tokens up to 30% APR
- Coinbase Borrow
- Borrow up to 30% of BTC holdings
- 8% APR
- One-year term, pay interest monthly
- Not yet available (waitlist)
Crypto Info Sites
About Ethereum
- ETH Gas Station
- My ETHer Wallet
- EtherScan
- EtherScan gas tracker ETH trading network costs
Newsletters
Podcasts
- Crypto Basics
- Crypto 101
- Thriller Crypto
- POV Crypto Podcast
- The Bitcoin Knowledge Podcast
- Unchained
- The Bad Crypro Podcast
- Joe Rogan Experience
- Crypto Waves
Crypto Currency Exchanges
- For buying or trading crypto currency
- Coinbase and Coinbase Pro
- Binance (but read their terms to see if it's available in your location)
- EtherDelta
- eToro
- Exchanges that trade in Decentraland MANA
- XCoins guarantees delivery of BTC, ETH or LTC purchased by debit/credit card within 15 minutes
- Uphold a wallet with trading abilities, takes up to 3 days to process bank/credit/debit purchases, but no fees
- PrimeXBT Trade among BTC, ETH, LTC, XRP & EOS
Keeping Track of Alt Coins & Tokens
- Accointing cryptocurrency portfolio tracking
- Altcurrency dashboard
- CoinCodex portfolio