The terms ‘layer 1’ and ‘layer 2’ refers to a blockchain with two distinct tiers. Layer 1 is the primary network which sets the rules for transactions and provides a central ledger, which is updated whenever any transaction takes place. Layer 2 is a network of third-party satellites. These platforms and applications are built …
Blockchain Layer 1 vs Layer 2: What’s the Difference? Read More »
A crypto wallet is a form of digital storage that is specifically designed to store, spend and receive cryptocurrencies. This is the very foundation of crypto, the basecamp from which all services and possibilities are reached. However there’s still loads of misunderstanding around crypto wallets and how to use them. So in this edition of …
What Is A Crypto Wallet? Cryptocurrency Wallets Explained Read More »
Coins and tokens are easily confused. Both are forms of cryptocurrency, and their functions tend to overlap. Many commentators (rather lazily) use the two terms interchangeably, which only adds to the befuddlement of everyday users. However there are several significant differences between coins and tokens. In this edition of RhinoLearn, we’ll take you through the …
When crypto hit the mainstream back in the mid (20) teens, there was only one currency anyone had heard of: Bitcoin. In fact, the two terms became almost interchangeable, like Hoovers and vacuum cleaners. Bitcoin was crypto. Crypto was Bitcoin. But now Ethereum has come to rival Bitcoin, like the Nike and Adidas of blockchain …
Gas fees are an all-too-common topic within the crypto ecosystem. You may have seen people complaining about how high the fees are for transactions on the Ethereum blockchain, or may have even experienced the problem for yourself. But what is ‘gas’ and what are these so-called ‘gas fees’? In this edition of RhinoLearn, we’re going …
What are Ethereum Gas Fees? Ethereum Gas Explained Read More »
Smart contracts are a big part of what makes Ethereum tick. In its core structure, Ethereum is similar to Bitcoin and many other blockchains. However, Ethereum is programmable, which means you can add smart contracts on top of its existing structure. These smart contracts are self-executing programmes that are trained to perform specific …
Ethereum has already changed the world. Vitalik Buterin’s blockchain has created a 2.0 in cryptography, allowing the technology to move beyond bitcoin and birth an entire decentralised world. And it’s underpinned the creation of NFTs, a new form of art-collection for the post-digital society. So it’s perhaps unsurprising that Ethereum is about to get its …
Ethereum, The Movie: Ridley Scott To Guide New Blockchain Blockbuster Read More »
In the cryptoverse, a fork happens when a section of a blockchain’s community decide to go in a new direction and change its rules (protocol) by modifying its code. Now we know what you’re thinking here: that’s a bit like when a band splits over musical differences, right? Or when a company breaks into two …
Terra has published its revival plan following the recent UST depeg. Here’s everything you need to know.
Coinbase is a global entry-point to crypto. This centralised exchange has over 89 million verified users in more than 100 countries and is famed for its simple, accessible design. One of Coinbase’s most popular features is its companion wallet, which allows users to trade, swap and invest hundreds of thousands of currencies. And now these …
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