New to the world of cryptocurrencies? In our knowledge hub, you’ll find everything you need to get started: clear explanations of essential concepts and terms, practical guides and insightful statistics.
Basics
A blockchain can be compared to a database that belongs to no one—and yet belongs to everyone at the same time. Because of this and other unique features, blockchain technology helps solve trust issues that often arise in our economy and society. For this reason, a blockchain is often referred to as a “layer of trust” or a “trust machine.”
Smart contracts are digital, self-executing agreements built on blockchain technology. Their terms are written in code and automatically carried out once the specified conditions are met.
DeFi, short for Decentralized Finance, refers to financial services that take place directly between users without banks or other intermediaries. This is made possible by specialized blockchain technology, which ensures secure and transparent transactions.
In the traditional financial world, stocks can be analyzed and evaluated using various metrics. The same applies to investing in cryptocurrencies, where interesting indicators and metrics can be used for fundamental analysis.
Non-Fungible Tokens (NFTs) are tokens on a blockchain that act as a kind of tamper-proof proof of ownership for a usually digital asset. Unlike cryptocurrencies, an NFT is unique and cannot be replicated. So far, NFTs have been used for things like digital art, collectibles, gaming items, virtual outfits, and even event tickets.
Statistics
Total Value Locked (TVL) is the total value of all assets locked within a DeFi protocol, such as tokens held through staking, lending, or in liquidity pools. TVL is an important metric used for evaluating and analyzing the decentralized finance (DeFi) ecosystem.
In our all-time high overview, you’ll find the peak prices of popular cryptocurrencies, including the dates on which those highs were reached.
Cryptocurrencies are also subject to inflation. In this article, we take a look at the annual inflation rates of cryptocurrencies, how they arise, and how they are calculated.