Cryptocurrencies - Frequently Asked Questions

How stake THOL token?

AngelBlock is a new cryptocurrency built on L1 Aleph Zero. Recently, with the introduction of smart contracts on Aleph Zero, AngelBlock launched staking of its native token THOL. In the following paragraphs, we will describe how to stake THOL.

IDO: A New Model for Cryptocurrency Projects Fundraising

What is IDO and its connection to decentralized exchangesRecently, you may have come across the term IDO, especially in the context of decentralized exchanges. IDO, or "Initial Dex Offering," is a new model for raising funds for emerging cryptocurrency projects. It can be seen as a modernization of the ICO, which was widely used in 2017. This time, IDO is not only created on the ETH network but also on Binance Smart Chain, and soon, there will be first offerings on the Avalanche blockchain as well.

Cryptocurrency Transaction Fees: How They Work and How to Minimize Them

Transaction fees in the world of cryptocurrencies are directed towards miners who verify or add the transaction to the blockchain. Once a transaction is stored within the blockchain network, it is considered confirmed. Transaction fees can vary over time, with one day's fee potentially being different from another day's fee.

Proof-of-Work (PoW) and its role in the cryptocurrency world

In the world of cryptocurrencies, PoW stands for Proof-of-Work. It is a method used to demonstrate the value within the Bitcoin network (as well as in other networks). Transactions are verified through this proof, which essentially creates a competition between individual miners. These miners use GPU, CPU, or ASIC devices to "mine" a specific coin, performing heavy work in the process. As a reward for their efforts, they receive coins of the respective cryptocurrency.

Understanding the Difference Between Circulating, Total, and Max Supply in Cryptocurrency

It is interesting to note that many people who have been familiar with cryptocurrencies for some time still struggle to differentiate between the important terms of circulating, total, and max supply. These terms are sometimes misinterpreted in English, leading to confusion in understanding the true state of a cryptocurrency's supply.

Bitcoin: The First Cryptocurrency on the Planet

Bitcoin is the very first cryptocurrency on this planet. Its creation dates back to 2009 when its author introduced himself as Satoshi Nakamoto. To this day, his real name remains unknown. The main goal of this cryptocurrency was to establish an independent and decentralized payment system. The Bitcoin protocol is freely available to everyone. Today, the maximum possible number of Bitcoins is already known - 21,000,000 digital "coins".

Understanding the Difference Between Soft and Hard Forks in Cryptocurrency

In the world of cryptocurrency, changes to the protocol are often necessary for various reasons, such as adding new features or improving security. These changes can come in the form of a soft fork or a hard fork, each with its own implications for users and the overall network. This article will explain the main differences between soft and hard forks and how they impact the functionality of a cryptocurrency.

The Origin and Meaning of HODL in the Cryptocurrency World

You may have come across the term HODL in cryptocurrency circles. Those who have at least a basic understanding of English might wonder if someone has confused the words and actually meant "hold." Well, they would be partly right.

Understanding Hard Forks in Cryptocurrencies

The term "hard fork" is frequently used in the cryptocurrency world, but many people are still unclear about its meaning and implications. Some assume that a hard fork automatically means new coins for free, while others think they don't need to update their wallets. However, it is important to note that a hard fork always requires attention. Any cryptocurrency project can experience a hard fork, depending on its development team and community.

Halving: A Unique Mechanism to Ensure Lesser Coin Volume and Increase Cryptocurrency Value

What is Halving? Halving is a relatively original mechanism in the world of cryptocurrencies such as Bitcoin, Litecoin, Bitcoin Cash, and Ravencoin. Its purpose is to ensure a smaller volume of coins in the market, effectively increasing their value. There is a predefined block at which halving occurs, which results in a reduction of miners' rewards by half. Consequently, miners, who usually sell the highest volume of a particular cryptocurrency, receive half the rewards, leading to a decreased supply of the coin.

Overcoming the Blockchain Trilemma: Algorand Leads the Way

The Challenge of the Blockchain Trilemma

Ethereum: The Top Altcoin and How to Buy It

Introduction to Ethereum Ethereum is a top altcoin, currently positioned as the second most popular cryptocurrency on the market. It can be purchased just as easily as Bitcoin, with most cryptocurrency ATMs offering both options. The simplest way to buy Ethereum is through a cryptocurrency ATM. You can find an up-to-date list and map of these ATMs here.

Understanding Seed and Private Key in Cryptocurrency Wallets

What is a Seed? A Seed is an recovery phrase that consists of a list of words, which help store the essential information of your wallet needed to gain access to your Bitcoin or other cryptocurrencies. It is crucial to understand that the seed is specific to your wallet. If the wallet does not support the seed, you will not be able to recover anything. However, with a private key, you can always regain access to your cryptocurrency.

How to Buy Bitcoin Using a Bitcoin ATM

There are numerous ways to purchase Bitcoin, and in this article, we will discuss one of the simplest methods. If you don't want to register on any platform and want to acquire Bitcoin as quickly as possible, using a Bitcoin ATM might be the ideal solution. Various types of Bitcoin ATMs exist worldwide. Some may require verification (SMS, email, etc.), while others do not. Some can create a new Bitcoin address on the spot, while others cannot. Therefore, it's best to have your address prepared in advance, preferably in the form of a QR code. The ATM will read this address from the QR code, saving you time. This video demonstrates what buying Bitcoin using an ATM might look like:

Choosing the Right Wallet for Storing Bitcoin

When it comes to selecting a wallet for storing Bitcoin, there isn't a one-size-fits-all answer. There are numerous Bitcoin wallets available, with some designed specifically for storing Bitcoin, while others can accommodate additional cryptocurrencies such as Litecoin, Ripple, and Ethereum. Generally, wallets can be divided into three main categories:

Atomic Swap: A Revolutionary Solution for Decentralized Cryptocurrency Exchange

Atomic Swap can be described in one sentence as the process of exchanging one cryptocurrency for another without involving a centralized intermediary. As the number of cryptocurrencies grows, there has emerged a need for some level of centralization at the exchange level.

Cross-Chain Interoperability: The Future of Blockchain

When blockchain technology was first introduced, it was expected that there would be one single blockchain, and everything would run on it. However, as time has shown, multiple blockchains have emerged, which operate separately and do not communicate with each other. The idea of a single universal blockchain has proven to be impractical.