What you’ll learn Different tax classifications of crypto Capital Gains vs Income Tax Taxable crypto events What you should do now Please note that this article is not tax advice. Consult a qualified tax accountant/professional or contact your local tax authority for clarification of how rules on crypto taxation may apply to you. At times… Continue reading A guide to paying tax on crypto
Doing your bit
Full nodes are essential to ensure Bitcoin does as Satoshi intended, functioning as a decentralised peer-to-peer cash system. There are no direct financial rewards for running a node but it is a great way to improve your knowledge of how Bitcoin works. You may benefit as a business that accepts bitcoin, or as a trader… Continue reading Doing your bit
Instruction for running a Bitcoin Node
By running a Bitcoin node you can actively participate in the crypto revolution helping shape an alternative monetary system. Before you start with the process, you need to know the risks and requirements associated with running a Bitcoin node. Let’s dive into that- 1. Secure Your Wallet When running a Bitcoin node, you can store… Continue reading Instruction for running a Bitcoin Node
Benefits of Running a Bitcoin Node
Running a full bitcoin node doesn’t have any coin rewards, however, it comes with its intangible benefits. They include: Direct Access to Transaction Data: Running a full bitcoin node increases the security of a transaction. If you carry out multiple BTC transactions a day, you can access updated information regarding your transactions directly from Bitcoin’s… Continue reading Benefits of Running a Bitcoin Node
What is a Node?
In the context of the Bitcoin blockchain, a Node is a program supporting the key functions of Bitcoin – validating transactions and blocks that store transactions. Validated blocks are added to blockchain, which continues to grow. So running a Node helps support and grow Bitcoin. Nodes act either as a communication endpoint or as a… Continue reading What is a Node?
How to run a node
What you’ll learn What a node is & why they are important The difference between a full & light node The basic technical requirements are for running a node A high-level step-by-guide to enable for running a node Learn Crypto’s section on using cryptocurrency has so far covered the basics from the perspective of someone… Continue reading How to run a node
Smart Contracts to Control the System
MakerDAO is a self-governing protocol, and the native MKR token allows token holders to make changes to the Maker Protocol through a voting process which is written in a smart contract. These changes include: What should be the stability fee (or the annual borrowing rate)? How much collateral should back a CDP? To shut down… Continue reading Smart Contracts to Control the System
How to Use and Interact with Smart Contracts Effectively
Smart contracts on Ethereum platforms represent and manage tokens. The MakerDao protocol, for example, is the backbone of the DeFi sector. The project is a big part of the DeFi ecosystem because out of $1 billion of locked ETH in the DeFi market, 60% of ETH is held in MakerDAO. DAI is the primary product… Continue reading How to Use and Interact with Smart Contracts Effectively
What is a Smart Contract?
Smart Contracts are self-executing programs running on a blockchain network, with the terms of the contracts between two parties – such as a seller and buyer – written into lines of code, rather than a formal, legal document. The goal is to simplify business and trade between both identified and anonymous parties without needing an… Continue reading What is a Smart Contract?
How to use DEFI lending protocols
What you’ll learn What a smart contract is & why they are important The most common smart contract use cases How to guide for interacting with a DEFI Smart Contract Smart Contracts for more complex use cases After several years of consolidation around the crypto space, emerging innovative protocols are finally starting to draw interest,… Continue reading How to use DEFI lending protocols