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Category: Crypto 101

  • Crypto 101

NFTs 101: Identity expression with PFPs

  • by KrakenFX
  • Posted on February 20, 2023February 21, 2023

There was once a time when displaying an image of your real face on social media was standard practice. A holiday photo, a mugshot, a pic of you and your pug; these were all commonplace ways of showcasing yourself to the world. But that time…

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  • Crypto 101

Busting Crypto Myths: “Crypto is not real because you cannot physically hold it”

  • by KrakenFX
  • Posted on February 15, 2023February 14, 2023

  Humanity has long relied on physical currency as a medium for representing and transferring value. Some of the earliest examples of coinage date back many thousands of years. The Mesopotamian shekel is widely believed to be the oldest coin. Western Asian tribes first minted…

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  • Crypto 101

Ordinals: A common ground for Ethereum and Bitcoin maximalists?

  • by KrakenFX
  • Posted on February 8, 2023February 14, 2023

Representing real-world assets on the Bitcoin blockchain is nothing new. Over a decade ago, projects like the Colored Coin protocol and Counterparty exchange proved Bitcoin could track items, not just units of currency, in a decentralized way. However, consensus issues prevented either project from gaining…

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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 24, 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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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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