We are glad to present a new project prepared by CoinCasso! We start with Blockchain Academy. For those of you, who are not familiar with cryptocurrencies, or those of you who are not sure how to trade and invest in them, we prepared basic explanations.
First, we encourage you to read our blog posts and start with getting to know the basic knowledge by reading our glossary:
Cryptocurrency for dummies Part 1
Cryptocurrency for dummies Part 2
In this series of articles, we present you definitions of basic terms related to cryptocurrencies. We explain what is a cryptocurrency, blockchain technology, what is trading, what is Bitcoin and Ethereum, what are altcoins and tokens and so on. It is a must-read if you are a beginner. Only after understanding basic terms, you can go further in obtaining new knowledge about the crypto environment.
One of the most fundamentals terms in the crypto world is blockchain technology. After reading our articles Cryptocurrency for dummies, we strongly encourage you to read our next article, in which we explain the basics of this technology.
What are cryptocurrencies? Get to know the basics of blockchain technology!
In the beginning, you can feel overwhelmed with all these new definitions, sometimes tough to understand mechanisms. However, stay calm and you will see that after some time you should immerse yourself with a new field and start understanding more and more.
To systematize your knowledge, you can read our definitions of basic terms on CoinCasso Help Center.
After understanding basic concepts, one of the major crypto websites that we encourage you to follow is coinmarketcap.com. You will find there information about current prices and the market capitalization of cryptocurrencies.
Bitcoin Cash is currently one of the top 10 largest cryptocurrencies in the world, as it is Bitcoin’s (the “king of crypto”) hard fork (check our Cryptocurrencies for dummies Part 2 to understand the concept). Bitcoin Cash is definitely a very appealing project, and that’s why we are going to list it on our cryptocurrency exchange. It is predicted to be a decent long-term investment, and it is an interesting alternative to Bitcoin. Among other things, it enables faster and cheaper transactions than Bitcoin, possesses higher, scalable block, and reduces problems with hashing thanks to innovative SigHash feature.
Ethereum Classic is a hard fork of Ethereum, however, it is claimed that is not a… classic Ethereum’s fork. It is an autonomous project, with its own blockchain, team and development. Its motto is “Code is law”, as its community value the philosophical approach it brings and the rule of the immutability of code and transactions’ history.
Litecoin is called a “younger sibling” of Bitcoin. It was created in 2011 as Bitcoin’s fork. Its main advantage over the largest cryptocurrency is faster blocktime, however, with it, it also brings lower security. It was not designed to compete with Bitcoin, but rather with an aim to provide comfortable small transactions, like buying a coffee or meal in a restaurant.
Dash is called Digital Cash or “a new PayPal”. It is a peer-to-peer cryptocurrency focused on the payment industry, based on open source code. The Dash project’s fundamentals are similar to Bitcoin, but it brings more extensive functionality.
We hope that the above materials will help you to understand the fundamentals of the blockchain industry. Soon, we plan to publish the next learning materials. Stick with us!
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