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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Bitcoin 

How Crypto Payments Help to Avoid Commissions and Save Money, Explained

5. Despite all the benefits, you have to make some effort to start trading and to fully understand cryptocurrencies. Purchasing coins for the first time might not be as easy as it seems. First of all, you have to make relevant research to fully understand how crypto works. You have to be aware of blockchain, public and private keys, credible crypto exchanges and, clearly, different coins as well. As you decide on the asset you want to invest in, you also have to choose an exchange or a wallet, comparing…

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Blockchain 

How to Predict Crypto Price Trends, Explained

2. Don’t worry — it’s a lot simpler than you think. The charts you’ll commonly see in our price analyses, as well as on crypto exchanges, are known as candlesticks. There is method behind the madness here. When performing technical analysis, you’ll want to see how prices have evolved over a period of days, weeks or months, but seeing an average value for each 24-hour period won’t tell the full story. Candlesticks enable you to see the full details of how the price of a crypto asset fluctuated over the…

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Blockchain 

Obscure Problems Crypto Users Can Face, Explained

2. Policies will vary depending on the exchange you’re using. While you might face exorbitant “cross-chain recovery fees” on some platforms, others will be unable to assist you in the quest to recover the tokens transferred. Let’s take a look at the policies of the two largest exchanges to give you a flavor of what to expect: Binance, by far the biggest crypto exchange by trade volume, has bad news for those who have made an honest mistake. The platform warns that, in such a scenario, it “does not know who…

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Ethereum 

The Biggest Rises and Falls of Bitcoin, Explained

5. What is it about Novembers? Over the course of 2018, Bitcoin has had an annus horribilis — with prices tumbling by more than 83 percent when compared to the all-time high of $19,783. This is worse than the Nasdaq’s plunge when the dot-com bubble burst in the U.S. — and it has also delivered catastrophic consequences for many other digital currencies, which have now been rendered worthless. This is because the fate of many coins, and indeed other cryptocurrencies, is tied to blockchain in some way or another. Just…

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Blockchain 

How Crypto Incentives Work, Explained

3. One could argue that PoS provides a double incentive. Here, the onus changes to “staking,” where miners have a better chance of being chosen to add a block to the chain — and hence get rewarded — depending on how many coins they possess. As well as being motivated to invest in a platform and support a currency to increase their profitability, there are the rewards to think about on the horizon. Although it has addressed some of the issues inherent in the PoW protocol — namely the extraordinary…

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