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Solana vs Polkadot: Comparing Speed and Functionality of Two Top Ethereum Challengers Explore the key differences in speed, functionality, and ecosystem innovation between Solana and Polkadot, two top Ethereum competitors. Solana vs Polkadot: Comparing Speed and Functionality of Two Top Ethereum ChallengersLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyUNIVERSITYAltcoins2 May 2025|BEGINNERS|7 MIN READSolana vs Polkadot: Comparing Speed and Functionality of Two Top Ethereum ChallengersE…
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…These KYC processes are employed by companies of all sizes, but they aren’t limited just to banks — insurers, creditors, fintech, digital asset dealers, and even nonprofit organisations are requiring customers to provide detailed information to ensure their proposed customers or users are who they claim to be. In late 2020, FinCEN proposed that cryptocurrency and digital asset market participants submit, maintain, and verify customers’ identities, classifying certain cryptocurrencies as mo…
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…At this point, there were several centralised exchanges (CEXs) on which people could trade BTC, in addition to the usual peer-to-peer (P2P) transfers. Many also pointed to the events in Cyprus at the time as a catalyst for this spike in BTC’s price. The First US$10,000 (2017) A similar scenario played out four years later, towards the end of 2017. As November came to a close, BTC hit US$10,000 after rallying steadily throughout the year. More merchants were accepting BTC as payment, and financ…
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Why Was Bitcoin Created? | Crypto.com Learn about the creation of Bitcoin, the world’s first cryptocurrency. Why Was Bitcoin Created? | Crypto.comLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyWhy Was Bitcoin Created? | Crypto.comLearn about the creation of Bitcoin, the world’s first cryptocurrency. Key Takeaways The concept of Bitcoin first emerged in 2008, during an ongoing financial crisis. It aims to address perceived issues of trust and stability in traditional economic sys…
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…At this point, there were several centralised exchanges (CEXs) on which people could trade BTC, in addition to the usual peer-to-peer (P2P) transfers. Many also pointed to the events in Cyprus at the time as a catalyst for this spike in BTC’s price. The First US$10,000 (2017) A similar scenario played out four years later, towards the end of 2017. As November came to a close, BTC hit US$10,000 after rallying steadily throughout the year. More merchants were accepting BTC as payment, and financ…
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Non-Custodial Wallets: Your Keys, Your Crypto Non-custodial wallets offer users several advantages, but also come with responsibilities. Read on for what they are. Non-Custodial Wallets: Your Keys, Your CryptoLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyUNIVERSITYTrending16 Oct 2024|INTERMEDIATE|8 MIN READNon-Custodial Wallets: Your Keys, Your CryptoNon-custodial wallets offer users several advantages, but also come with responsibilities. Read on for what they are. Key Takeaways: Non…
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Decentralised Finance (DeFi) A succinct definition of Decentralised Finance (DeFi) Decentralised Finance (DeFi)Level UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYDECENTRALISED FINANCE (DEFI)Copy linkShare on TwitterShare on FacebookShare on LinkedinDecentralised Finance (DeFi)Decentralised finance (DeFi) is a financial system built on a blockchain that circumvents the intermediary role played by banks, brokerages, or exchanges in traditional finance (also called TradFi). Instead, u…
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…In the crypto space, KYC is commonly used by major centralised exchanges and is a standard practice amongst many institutions. In the context of crypto, it typically means being asked for a full legal name and government-issued identification documents when signing up for a platform. This can be a passport, driver’s licence, or other similar forms of identification. LFG LFG is short for ‘let’s f–ing go!’ and is used to express excitement about a project. NGMI/WAGMI NGMI stands for ‘n…
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…Rug pulls predominantly happen on DEXs because, unlike centralised exchanges (CEXs), there is no screening process for a token to be listed, and anyone with the knowledge can list one themselves.Understanding and recognising the signs are essential to avoiding rug pulls. For example, the token’s creator could artificially pump the asset’s price to entice other potential traders to add funds — and then pull the rug.Another potential risk factor worth checking is whether the liquidity pool i…
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…WBTC brings the liquidity of Bitcoin to the Ethereum ecosystem, including decentralised exchanges (DEXs) and financial applications. WBTC standardises Bitcoin to the ERC20 format, creating smart contracts for Bitcoin. A brief history of Wrapped BitcoinWrapped Bitcoin was launched in January 2019 as a joint project by BitGo, Kyber Network, and Ren. BitGo serves as the original custodian of WBTC, while Kyber Network and Ren serve as merchants on the WBTC network, aiding in the minting and burning …
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