What is Binance USD (BUSD)?
Binance USD (BUSD) is a newly inducted USD-dominated stablecoin pegged to the dollar on a constant 1: 1 policy and approved by the New York State Department of Financial Services (NYDFS) in the year 2015. It is a fully-backed token founded by Binance and Paxos that operates on blockchain technology to offer the stablecoin as […]
What is XRP?
Before we delve into the world of XRP and its applications, it is worth understanding the background behind the cryptocurrency. To begin with, XRP was developed in 2011 by Ripple Labs, a company that focuses on establishing secure payment methods over its blockchain through an open network called “Ripple”. The Ripple network consists of three […]
What is Dogecoin (DOGE)?
Dogecoin is a peer-to-peer digital currency that has no central authority and uses cryptography to regulate the generation of units of currency and verify the transfer of funds. It was created by two software engineers, Billy Markus from Portland, Oregon, and Jackson Palmer from Sydney, Australia; they aimed to provide a digital coin that can reach a broader […]
What is USD Coin (USDC)?
Publicly announced on the 15th of May 2018, USD Coin is a digital stablecoin linked to the United States dollar bill. It is an open-source, smart contract-based token created by an association of people called CENTRE. It has versatile interoperability and can operate on 4 different blockchain networks, ranging from Ethereum, Solana, Aglorand, and Stellar. […]
What is Cardano (ADA)?
Cardano is an open-source, decentralized and public blockchain platform founded back in the year 2017. It can allow peer-to-peer transactions and other financial activities through its internal cryptocurrency coin called ADA. Unlike bitcoin and other altcoins that operate on a Proof of Work (PoW) consensus, ADA operates on an entirely different consensus, called Proof of […]
What is Ethereum (ETH)?
Ethereum is an open-source, public, and blockchain-based distributed computing platform that enables Smart Contracts and Decentralized Applications (DApps) to be deployed. Ethereum’s own native cryptocurrency, Ether, powers the blockchain aspect of the network. It also serves as a digital “fuel” that allows users to develop apps and services that will run on its blockchain. Originally […]
What is Binance (BNB) Coin?
Binance is a blending of the words “binary” and “finance.” Binance is one of the most popular cryptocurrency exchanges and has been around for quite some time. In July 2017, Binance launched its own cryptocurrency naming it “Binance Coin.” Binance Coin (BNB) is a cryptocurrency specifically designed for use in the Binance platform. It initially […]
What is Bitcoin Cash (BCH)?
Bitcoin Cash is a cryptocurrency that was created in August 2017 as a result of an ongoing controversy concerning Bitcoin scaling. The idea was to have a larger block size than Bitcoin, permitting more transactions to be stored in a single block. Despite their conceptual differences, Bitcoin Cash and Bitcoin have a lot in common […]
What is Tether (USDT)?
The idea of Tether (USDT) originally started around January 2012 when a published whitepaper by software developer J.R Willet, described the possibilities of creating a digital coin through the already popular Bitcoin Protocol. Its creation originated with an idea that was implemented and later called Mastercoin. This idea birthed the Mastercoin Foundation (later renamed to […]
What is Bitcoin (BTC)?
Bitcoin is a global digital cryptocurrency created in 2008. It is the first decentralized digital currency and has attracted many people to its use as a form of payment due to how it can be transferred without any intermediaries. Created by a person or a group of people whose identity is unknown and who goes […]
