What is a coin mixer?

A coin mixer is a smart contract that people use to make it difficult for 3rd parties to track their financial activities on the blockchain. It helps people defend their rights to financial privacy and does so by allowing them to break the link from a sending address to a receiving address. To use a … Read more

What is a Degen?

Degen is an abbreviation for a ‘Degenerate’ gambler and is often used when talking about people who invest in unaudited projects or does crypto intra-day trading without understanding the risks.

What is a Decentralised Exchange (DEX)?

Decentralized exchanges or DEX for short, are a type of cryptocurrency exchange which allow for direct cryptocurrency exchanges of tokens to take place online securely and without the need for a middleman like a bank or a government. To use a DEX: Go to the DEX’s website (e.g. uniswap.io) Connect your wallet to the DEX … Read more

What is Decentralized Finance (DeFi)?

Decentralised finance (Defi) is a type of financial application that runs on the blockchain without the need for middle men. A defi application contains a set of financial rules that are defined in a smart contract. This smart contract is then deployed to a blockchain where it is stored and executed by users. Activities like lending, borrowing, trading, saving etc. can all be done using decentralized finance protocols without the need for a middle man, like a bank, government, or other financial institution.

What is a Hot Wallet?

A hot wallet is a software-based cryptocurrency wallet that is connected to the Internet. While more convenient for quickly accessing your crypto, these wallets are a bit more susceptible to hacking and cybersecurity attacks than offline wallets.

What is a Fork?

A fork is a term used to describe a situation where a blockchain’s users make changes to its rules. These changes to the rules of a blockchain often result in two new paths — one that follows the old rules, and a new blockchain that splits off from the previous one that follows the new rules. An … Read more