Crypto matters

A distributed ledger is one that is decentralised and where transactions are recorded and validated directly by the network of peers, i.e. the ledger...

A blockchain is a tamper-proof distributed public database. It consists of blocks of data that are linked to each other in chronological order. Retroactive changes...

Blocks of data are stored on nodes, which are devices, mainly computers, laptops, or even bigger servers. These devices keep a copy of the distributed...

Miners are a subset of nodes. In the context of Bitcoin, when new transactions occur, the miners create hashes and ultimately add a new block...

A unique (digital) 64-digit signature that corresponds exactly to the set of data in a block. A cryptographic hash function is a very complicated formula...

When there is no centralised authority, consensus mechanisms exist to make sure that all the nodes agree on the correct state of the ledger...

When the term ‘cryptocurrency’ is used, it refers to a currency that is digital and decentralised, i.e. no central authority or bank is involved. However, as the term...

Crypto coins are digital means of payment based on crypto-graphic tools, such as blockchains and digital signatures. As a payment system, they are intended to be independent, distributed, and secure...

A smart contract is neither ‘smart’ nor an actual ‘contract’. It is a software programme stored on a blockchain that runs when predetermined conditions...

A token is a crypto asset that does not operate on its own native network but instead operates on an already existing blockchain. It allows for the digital transfer...

Investing in digital assets is highly speculative and should only be considered by experienced investors. Hence, all recipients of this content are kindly asked to consult the local legal...