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  • Crypto 101

Crypto 101: What is a consensus mechanism?

  • by KrakenFX
  • Posted on February 6, 2023February 6, 2023

A blockchain consensus mechanism is a type of automated system that aims to accomplish two objectives: Provide a distributed, leaderless way to unanimously agree on data stored on a blockchain ledger. Make sure all network validators follow the rules of the protocol and perform their…

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  • Crypto 101

Busting Crypto Myths: You don’t own anything when you buy an NFT

  • by KrakenFX
  • Posted on February 3, 2023February 5, 2023

For the uninitiated or crypto-curious people out there, non-fungible tokens (NFTs) represent one of the more colorful sectors of the cryptocurrency industry. How is it that duplicable, oftentimes wacky pieces of digital artwork can fetch extraordinarily high prices, and why are people flocking to buy these intangible…

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  • Crypto 101

Crypto 101: What are custodial and non-custodial crypto wallets?

  • by KrakenFX
  • Posted on February 2, 2023February 5, 2023

Wallets play a foundational role in crypto security and, depending on which option you choose, can often be the difference between keeping or losing funds in certain situations. There are two main types of crypto wallets you’ll need to consider: Custodial Non-custodial Each option has…

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  • Crypto 101

Can bitcoin be used for cross-border payments?

  • by KrakenFX
  • Posted on January 25, 2023February 5, 2023

In 2008, an anonymous researcher (or team of researchers) called Satoshi Nakamoto published a nine-page research paper entitled “Bitcoin: A Peer-to-Peer Electronic Cash System.” The document, known as the Bitcoin white paper, presented a new type of digital currency that users could use to transact without relying on…

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  • Crypto 101

What is a hardware crypto wallet and why should you use one?

  • by KrakenFX
  • Posted on January 19, 2023February 5, 2023

When it comes to cryptoasset security, self-custody is unquestionably the safest way to protect your digital wealth. Self-custody simply refers to storing and securing cryptoassets by yourself, rather than relying on a third-party to do it for you. One of the most effective ways to…

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Bitcoin satoshis (SATS)
  • Crypto 101

Crypto 101: The Beginner’s Guide to Bitcoin (BTC)

  • by KrakenFX
  • Posted on January 16, 2023January 18, 2023

Bitcoin is an invention that, for the first time in history, enabled a group of software users to create and manage a digital money supply outside the control of any government or bank.  It helps to think of Bitcoin as a software protocol like those…

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  • Crypto 101

Happy Genesis Block Day!

  • by KrakenFX
  • Posted on January 3, 2023January 3, 2023

On January 3, 2009, the anonymous creator of bitcoin, Satoshi Nakamoto, launched the Genesis Block – the first block in the Bitcoin Blockchain. The event at the time wasn’t celebrated – it was arguably considered a blip in the long history of cryptography and digital…

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  • Crypto 101

How to talk to relatives about crypto this holiday season

  • by KrakenFX
  • Posted on December 24, 2022December 22, 2022

If you’ve ever tried to explain cryptocurrency to your relatives, you might have found it can be as difficult as trying to teach rocket science to a toddler.  Most folks react with skepticism, ridicule or scorn when you try to explain the utility of decentralized…

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Kraken is the world’s largest global digital asset exchange based on euro volume and liquidity. Kraken’s global client base trades over 200 digital assets and 8 different fiat currencies, including GBP, AED, EUR, USD, CAD, JPY, CHF and AUD.

Founded in 2011, Kraken was the first U.S. crypto firm to receive a state-chartered banking license, as well as one of the first exchanges to offer spot trading with margin, regulated derivatives and index services. Kraken is trusted by millions of traders, institutions and authorities around the world and offers professional, around the clock online support.

For more information about Kraken, please visit www.kraken.com.

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