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Centralized Cryptocurrencies: What You Need To Know

Centralized Cryptocurrencies: What You Need To Know

Cryptocurrencies should be decentralized by nature. The blockchain functions because a decentralized network of computers consonantly works to verify transactions. Decentralization is significant because, without it, you have a trust-based system. And if a cryptocurrency becomes a trust-based system, then it is really not much different than digital fiat currency. But simply because something is

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How To Make Your First Smart Contract On A Blockchain

How To Make Your First Smart Contract On A Blockchain

In the age of smartphones and smart cars, Smart Contracts are somewhat of a contradiction of terms. There’s no artificial intelligence involved or required. This Smart connotation comes from how simple, functional and reliable these self-executing contracts are. Written in lines of code, they build on the blockchain principle of peer-to-peer interactions. Smart Contracts are

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Understanding Cryptocurrencies, Tokens, and Coins

Understanding Cryptocurrencies, Tokens, and Coins

When you ask someone what a cryptocurrency is, the typical response you’ll hear is, “Bitcoin.” But is Bitcoin a token or a coin or both? Is there a difference between calling something a coin, a token, or a cryptocurrency? With all the jargon out there about cryptocurrencies, it can be overwhelming and confusing to understand

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