Bitcoin 

DEX, Explained | Cointelegraph

4. The distributed architecture of decentralized exchanges and full user control over their own funds entails a number of difficulties. Inability to restore access: For example, due to lack of a KYC process and the ability to cancel a transaction in the event of a broken passwords or loss of a private key, the user cannot recover his or her data and return the assets. Chargeback and refund procedures are incompatible with a distributed registry. Users who have committed an operation by mistake or have lost control over their keys…

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Bitcoin 

Crypto OTC Trading, Explained | Cointelegraph

1. Generally speaking, over-the-counter (OTC) trading is a deal that happens directly between two interested parties — that is, without the supervision of exchanges. OTC deals involve a wide range of assets — from commodities to financial instruments like stocks and derivatives. Unlike traditional exchanges, the OTC market is decentralized and has no physical location, and trading is done via dealer networks. Traders are not necessarily involved in the process directly, as they can seek assistance of middlemen, like brokers, or OTC desks. OTC desks are mostly trading securities that…

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Bitcoin 

Tokenization, Explained | Cointelegraph

3. In short: It’s on a blockchain. But let’s dive a little deeper and see what “token” even means in our case. Of course, as with many other crypto-related terms, there is no single, agreed-upon definition. At the most basic level, a token is a representation of a particular asset or utility. Sound too abstract? Let’s outline three types of tokens you might come across on a regular basis and break them down: Currency tokens These are the most obvious ones. Just think of classic cryptocurrencies. Bitcoin. Currency tokens are…

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Bitcoin 

Stablecoins, Explained | Cointelegraph

2. As the name suggests, stablecoins are designed to have a consistent price or value over time. There are three different ways of achieving this — delivering a happy medium between offering the stability of fiat currencies and the decentralized benefits that virtual currencies provide. Without stablecoins, taking out a loan while using crypto as collateral can be risky, as the assets used to secure your borrowing can be rendered worthless in a short space of time. Likewise, imagine what getting your salary in crypto would be like if prices…

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