What is an ERC20 token? If you are getting into cryptocurrency, you will regularly come across the term ERC20 token, but what does it actually mean? It all has to do with the Ethereum blockchain and its network. ERC20 is a protocol standard used for the Ethereum network. The protocol contains certain rules and standards […]

What are stablecoins? Stablecoins are cryptocurrencies that are relatively stable and pegged 1:1 to a currency we commonly use. In most cases, this is the US dollar (USD). There are even stablecoins pegged to the price of gold. Currently, several stablecoins are available on various exchanges. Behind every stablecoin is a company that ensures that […]

What is a Central Bank Digital Currency (CBDC)? CBDC is the digital version of fiduciary money (fiat currency) set as the legal tender by a government act or a currency regulator in a given jurisdiction. However, there’s a stark distinction between a Central Bank Digital Currency and cryptocurrency. Whereas the former is declared a medium […]

What are Non-Fungible Tokens (NFT)? A non-fungible token refers to an unique cryptographic token, which stands for something distinct. One key feature of Non-Fungible Tokens (NFTs) that stands out is that it’s not exchangeable with another NFT. In essence, fungibility is the attribute of a given item where its single units can interchange and where […]

What is a BEP-20 Token? If you have been in the crypto space for some time, you must have heard of BEP-20 before. It is not surprising though if you don’t know what it means, a lot of people don’t. This article is meant to educate you about BEP-20 tokens, what they are, how they […]