When you own cryptocurrencies, you store your assets in such a way that only you can access them, you have full control at any time, without counterparty risk. Banks usually keep a fraction of what is on their balance sheets as a reserve due to their business model of providing loans. Put plainly; banks can provide loans while maintaining very few funds on their balance sheet. This system is widely known as fractional reserve banking.
In terms of online privacy and security, there are several things you should pay attention to when you are browsing the web. All of your online activity generates data. You have to realize that your data is extremely precious to third parties, especially in the connected and digital world we live today.
Hardware wallets are not a new phenomenon in the tech industry. However, in the world of cryptocurrency, we consider hardware wallets to be amongst the most-secure cold storage solutions hand down. There is no doubt that hardware wallet growth has massively benefited from the rapid expansion of the crypto and blockchain spheres. Various hardware wallet manufacturers have been working overtime in the past years to create viable products to keep up with demand. As more people start to realise the potential of cryptocurrencies and proceed with buying their first crypto, they are also going to want to keep their crypto safe. Are you looking for a reliable hardware wallet for your crypto coins? Check out this comprehensive review for the best hardware wallets on the market today.
Centralized exchanges do not provide you with your private keys. Instead, they let you log-in with a well known username-password combination. Not owning your private keys implies that you do not truly own your assets. Instead, the exchanges are the “custodian” of your assets, and they hold your funds. Hardware wallets enable you to store your holdings while owning your private keys. This way, you can access your funds by yourself without the need of third parties.
The first wave of digitisation brought us the internet of information. The second wave is bringing us – amongst other things – the internet of value. The internet of value is characterised by an additional layer (protocol) which enables nearly free and instant transfer of value.
Before you register for an exchange and rush in to get some cryptocurrency, it is crucial to take a closer look at the potential (investment opportunity) or prospect. In this article, we outline some topics which you can take into consideration. Please note that this is not investment advice, allocating and investing funds into any asset remains your responsibility.
Do you want to kickstart your cryptocurrency journey? Our “5 Steps to Start” guide benefits everybody who wants to get into cryptocurrencies and beyond. These five steps serve as a baseline and provide you with a set of tools next to a proper set-up. We start with a new browser experience before touching on cryptocurrency exchanges and wallets.
The cryptocurrency market is in its infancy stages. It is imperative to zoom out to understand the scale of this economy. All these billions of dollars might seem like much money, but let us put all that money in perspective, shall we? Getting a grip of the size of this market when compared to some of the main markets worldwide will put things in perspective so we can happily wait on the sidelines, for more money to enter these markets.
Many people think that the terms Internet and World Wide Web, or just the Web, may be used interchangeably, but the two terms are not synonymous. The World Wide Web is the first application program that billions of people use on the internet, and it has changed their lives immeasurably.
The financialization of the economy has brought about patterns of inequality, cultural and social change. Underpinning these changes is a particular shift in how capital is intermediated. The success of the financial sector has led to the failing of the ‘real economy’, existing of companies and individuals that produce goods and services which add real value to the economy.