added by Marcel Mairhofer ยท updated 2y ago
Blockchain & Crypto 101: Guide for Beginners | Binance Academy
- A blockchain is immutable: if you change a block, it changes the fingerprint. And since that fingerprint is included in the next block, the next block is changed too. And since that block's fingerprint... well, you get the idea. You end up with a domino effect where any change becomes evident. You can't alter any information without everyone notici... See more
from Blockchain & Crypto 101: Guide for Beginners | Binance Academy by Binance
Emilie Kormienko added 2y ago
- In simple terms, staking means getting rewards for locking up coins. So, if you invest in a coin that supports staking, you could build up a larger holding over time.
from Blockchain & Crypto 101: Guide for Beginners | Binance Academy by Binance
Emilie Kormienko added 2y ago
- A cryptocurrency is just like a digital form of cash. You can use it to pay friends for your share of the bar tab, buy that new pair of socks you've been eyeing up ๐, or book flights โ๏ธ and hotels ๐จ for your next holiday. Because cryptocurrency is digital, it can also be sent to friends and family anywhere in the world.
from Blockchain & Crypto 101: Guide for Beginners | Binance Academy by Binance
Emilie Kormienko added 2y ago
- No one can stop you from using cryptocurrency. Centralized payment services, on the other hand, can freeze accounts or prevent transactions from being made.
from Blockchain & Crypto 101: Guide for Beginners | Binance Academy by Binance
Emilie Kormienko added 2y ago
- Before investing your money into a particular project, make sure you do your due diligence.
from Blockchain & Crypto 101: Guide for Beginners | Binance Academy by Binance
Emilie Kormienko added 2y ago
- Over 280 Articles covering the basics of crypto & blockchain, economy, money, trading, cyber security and more.
from Blockchain & Crypto 101: Guide for Beginners | Binance Academy by Binance
Marcel Mairhofer added 2y ago