Cryptocurrency is a general name referring to all encrypted decentralized digital currencies like Bitcoin.

Cryptocurrency uses cryptography to create coins and secure transactions. Typically cryptocurrencies are open source with pubic, but encrypted, ledgers of all transactions based on blockchain technology.

There are a number of cryptocurrencies traded on cryptocurrency exchanges, and the growing popularity of cryptocurrency means that despite volatile prices, market caps and values are growing every year.

Popular cryptocurrencies include the original Bitcoin, Ethereum’s Ether, and Litecoin.

Cryptocurrency is legal and taxable in the US, but it isn’t legal tender (you can’t pay your taxes in Bitcoin, it is considered investment property). With that said, due to its infancy and history so far, cryptocurrencies should be invested in and used with their historical volatility in mind.

Click on any of the pages below to learn more about cryptocurrency.

TIP: If you are new to cryptocurrency, check out our guide to cryptocurrency for beginners.

“Ethereum 2.0” Explained

Ethereum 2.0 is a term used to describe a series of potential updates to Ethereum to make it, for lack of better terms, faster and better.

What is Distributed Ledger Technology (DLT)?

Distributed Ledger Technology (DLT), AKA blockchain and other similar technology, is a way to describe the technology behind distributed databases secured by cryptography and consensus.

Blockstream’s Bitcoin Liquid Network Explained

Liquid, a Bitcoin sidechain by Blockstream,  is a solution for large players like exchanges to quickly tokenize and transfer assets between each other. This helps provide “liquidity” to exchanges/brokers/trading desks/etc.

What are Confirmations?

In cryptocurrency, confirmations are a measure of how many blocks have passed since a transaction was added to a coin’s blockchain.

What is a DEX?

In cryptocurrency a DEX is a Decentralized peer-to-peer Exchange. It is an exchange run by code. It usually exists as a decentralized application (DApp). It is a place where people can trade cryptocurrencies directly without a middleman.

xRapid Explained

XRapid is a liquidity solution for banks that uses Ripple’s XRP as a bridge currency and is being developed by the company Ripple. According to Ripple, XRapid eliminates delays in global payments while also dramatically lowering their cost, thus making cross-boarder payments instant and inexpensive.

Super Simple Bitcoin Explanation

Here is a simple explanation of Bitcoin: Bitcoin is digital money on the internet. It works like online banking without a bank.

What Does HODL Mean?

The term “HODL” is a misspelling of “hold” that comes from a December 2013 BitcoinTalk forum post called “I AM HODLING.”

Fungible Tokens Vs. Non-Fungible Tokens

Fungible tokens, like ERC-20 tokens, are interchangeable, divisible, and identical tokens that are useful as monies. Meanwhile, non-fungible tokens, like ERC-721 tokens, are not interchangeable, unique, and not divisible that are useful as collectables.