What is a Governance Token and How does It Work?
Governance tokens are the game-changers of the decentralized world. They empower holders to have a direct say in the decision-making process of a blockchain or platform.
Governance tokens are the game-changers of the decentralized world. They empower holders to have a direct say in the decision-making process of a blockchain or platform.
What is a utility token? In simple terms, a utility token is any digital asset that is used as a medium of exchange within a specific platform or ecosystem.
A cold wallet is a type of cryptocurrency wallet that stores the user’s private keys in a hardware device or on a paper printout (paper wallet) rather than on a computer connected to the internet.
When a coin is burned, it is permanently removed from circulation. This can be done in plenty of ways, but the most common method is sending the coin to a non-spendable address.
In short, a crypto coin refers to the native asset of a blockchain, and a crypto token refers to assets built on top of existing blockchain technology.
The word ‘token’ has a variety of meanings in the cryptocurrency world, and it is interchangeably used to refer to a lot of different things, which can make its meaning a little confusing.
Altcoins are alternative digital assets to Bitcoin. They were created in the wake of Bitcoin’s success and share many similarities with Bitcoin, but there are also some key differences.
In the simplest terms, cryptography is the technique of using a code to hide information, such that only the intended recipients of the information will understand the message.
Katana Inu is a battle royale game like PUBG and Fortnite, but the first notable entry of the genre that is specifically developed for the NFT space.
CeFi, which stands for Centralized Finance, is a term used to describe traditional financial institutions that have been around for centuries.