5 Tips for New Crypto Traders
Here are 5 tips for new cryptocurrency traders that will help avoid some pitfalls and traps beginners tend to fall into when they start investing in or trading cryptocurrency.
Ethereum (ETH)
Ethereum’s Ether is one of the top cryptocurrencies. The Ethereum network uses a smart-contract system that facilitates the creation of tokens, decentralized applications, and more.
The token native to this network is called “ether.”
This section contains articles on Ether, ERC-20 Tokens, and the Ethereum platform.
FACT: The ethereum network is used to create about 1/2 of all ICOs. This means many coins on the market are Ethereum based.
MyEtherWallet Explained
MyEtherWallet (MEW) is an online platform that functions like a Ethereum wallet letting you create an Ethereum address and send/receive/store Ether and Ethereum-based tokens.
Ethereum Classic “Airdrop” (Callisto) Explained
There is a Callisto (CLO) airdrop planned for Ethereum Classic (ETC) holders. A snapshot will occur at block 5500000. Those who held ETC during the snapshot will get CLO coins at a 1:1 ratio during the airdrop.
MetaMask Explained
MetaMask is an Ethereum web browser extension that acts as an Ethereum wallet and an interface for Ethereum-based dApps.
Bittrex to Reopen Signups and Add USD Trading
Bittrex’s CEO confirmed that after some updates Bittrex will soon reopen signups to new users and allow USD trading.
How to Value Bitcoin and Other Cryptocurrencies
Some claim that Bitcoin’s value comes from speculation alone, but there are fundamentals to consider too. We discuss how to value Bitcoin and other cryptocurrencies.
What is a Cryptocurrency Token?
In cryptocurrency, the term “token” describes a digital asset. It refers to the fact that cryptos are both value tokens / currency tokens (they represent value, but aren’t themselves of any inherent value) and they use strings of data called tokens (tokenization is a type of encryption). Meanwhile, sometimes when people say “token” they are referring to digital assets that are built on another cryptocurrency’s platform like Ethereum’s ERC-20 tokens.
What is a Smart Contract? – In Simple Terms
A smart contract is self executing contract where the terms and conditions are defined and enforced using software. Smart contracts are generally stored and secured using blockchain technology.
How to Invest in Cryptocurrency – For Beginners
We explain how to invest in cryptocurrency for beginners. The first thing you need to decide is if you want to invest directly in cryptocurrency or invest indirectly (for example through a stock).
Ether Hits an All Time High; Rest of the Market Dips
Ether (ETH) hit an all time high on January 9th due to a series of events explained below. Unfortunately, most of the rest of the market suffered a correction.