Blockchain Education Different Types of Crypto Wallets Explained The Important Bits A crypto wallet securely stores your private keys, which are required to access your funds on the blockchain. There are two main types, “hot” wallets, which remain connected to the
Blockchain Education Using Multisig Wallets to Secure Your Crypto Assets Crypto wallets safeguard your private keys, which are required to validate any cryptocurrency transactions broadcast to a blockchain network. Before funds can actually be sent or spent from a wallet, the transaction must
Blockchain Education How to Import a Private Key/Wallet Using Your Recovery Phrase At the heart of self-custodying your crypto is full control of your funds: hodl to the moon, send and receive to/from friends, spend directly with merchants, buy your favorite coins, swap whichever
Ethereum (ETH) ERC-20 Tokens: What They Are and How They Are Used There are different types of blockchains designed for various purposes. Some, like Bitcoin, are utilized exclusively as a digital ledger book for recording cryptocurrency transactions within the network. Ethereum, however, is more like
Industry Analysis What is Proof of Reserves & Why Is It Important for the Crypto Industry? The stunning collapse of crypto exchange FTX near the end of 2022 sent shockwaves through the crypto industry, rattling trust and pushing asset prices into freefall. The events ignited conversations about the security
Lightning Network Lightning Strikes: The Rapid Growth of the Bitcoin Lightning Network Payments In April 2022, BitPay added support for the Lighting Network as a cheap, fast and scalable solution to making Bitcoin payments. Since then, we’ve seen explosive growth in the number and volume
Crypto Wallets How to Secure Your Crypto Wallet Buying crypto, experimenting with dApps, making payments and seeing the value of your portfolio rise are some of the most exciting aspects of cryptocurrency. But most important is ensuring the safety of your
Blockchain Education Crypto Wallet Addresses: What They Are and How to Create One The Important Bits Crypto wallets are an essential tool for managing a user’s holdings on the blockchain, typically taking the form of a piece of software or device. One of the most
Blockchain Education Crypto Wallets vs Exchanges: Which Is Best For You? The Important Bits Crypto wallets and crypto exchanges have some areas in which they overlap, but they are not the same. Crypto wallets are pieces of hardware or software that serve as a
Blockchain Education An In-depth Look at How Crypto Transactions Work Summary Crypto transactions are processed differently than traditional fiat currency transactions. Instead of being transferred between accounts, crypto transactions involve shifting data around on the blockchain. The blockchain acts as a public ledger
Spend Your Crypto How to Use and Spend Stablecoins Cryptocurrency is known for price volatility, which can see the value of a coin rise or fall significantly over a short period. The exception being the subset of cryptocurrencies known as stablecoins, which
Blockchain Education What are Public and Private Keys in Crypto? Summary Crypto wallets come with an automatically generated set of keys, one public and one private. The keys are created using cryptography, a method of encrypting and decrypting information at the core of
