Hard Wallet

A hard wallet is a physical device that connects to a computer via USB and runs a software application within a Dashboard.. Hard wallets are non-custodial by default – you manage your private keys via a Seed. They provide the best security because most of the time they are offline, so cannot be hacked. If… Continue reading Hard Wallet

Types of Soft Wallet 

Mobile A mobile wallet is the direct crypto equivalent of an App. It  allows you to manage your crypto on your smartphone. If you search the Apple Store or Google Play Store you’ll find a huge number listed, differing in their design and features, but the approach to custody is the key distinction (introduced above).… Continue reading Types of Soft Wallet 

Introducing the crypto wallet

A crypto wallet is a device for storing, sending and receiving cryptocurrency. Let’s look at one. You’ll notice the wallet has some familiar features like a balance, currency symbols and the ability to Send/Receive funds via addresses – which we introduced earlier.  They are long alphanumeric strings, but for convenience there is usually a copy/paste… Continue reading Introducing the crypto wallet

Crypto

Access Tools The  equivalent of your banking App or online account is a crypto wallet, that you can access on your laptop or smartphone. The different varieties are listed below. Access Credentials The credential that proves ownership of crypto funds associated with an address is called a Private Key, which can be stored in a wallet. It is… Continue reading Crypto

How to use crypto

Storing & securing your crypto What you’ll learn How to store & secure your crypto What crypto storage really means What a Private key & Seed is Introduction to crypto wallets Cryptocurrency is a new form of internet money which you can spend and exchange like the money you are used to. It is also… Continue reading How to use crypto

Future of Smart Contracts

The use of Smart Contracts is almost certainly going to accelerate. They are fundamental to the promise of delivering what is described as web3.0, an internet experience where users control their data and identity and the value they create online. Their creation will become simplified for an increasing range of tasks that involve digital agreement and… Continue reading Future of Smart Contracts

Disadvantages of Smart Contracts

One of the most significant downsides to the decentralised Smart Contract model is that they will automatically execute whatever logic is coded into them. Given Smart Contract code is developed by humans who are prone to error, this frequently includes unintended vulnerabilities.  Code vulnerabilities are made worse by the common practice of copying Smart Contracts… Continue reading Disadvantages of Smart Contracts

Benefits of Smart Contracts

Nick Sazbo, one of crypto’s OGs, summed up the function of Smart Contracts “I call these new contracts “smart”, because they are far more functional than their inanimate paper-based ancestors. No use of artificial intelligence is implied. A smart contract is a set of promises, specified in digital form, including protocols within which the parties… Continue reading Benefits of Smart Contracts