A rollup is a platform that is designed to solve Ethereum’s scalability problem. The platform takes transactions off the main Ethereum blockchain, which is extremely congested, and processes them independently. Because the transactions occur off the main network, users do not face the lengthy delays and soaring gas fees. Rollups take their name because unlike …
What Are Rollups? | ZK vs Optimism Rollups Explained Read More »
Moving from the old world of physical currencies into the new realm of crypto is a daunting barrier for many users. It’s often the first big transaction a user makes, so it’s natural that many people have concerns and questions. In this edition of RhinoLearn we’re going to take you through the process of moving …
Convert Fiat to Crypto | How to Buy Crypto with Fiat Read More »
The term ‘DEX’ stands for decentralised exchange and it’s an acronym you’ll hear loads in the DeFi world. Several of the most popular platforms and ecosystems in the DeFi space are DEXs. rhino.fi is a DEX, for example, as are UniSwap and CowSwap. This is in contrast to platforms such as Binance and Coinbase, which …
What is a DEX? Decentralised Exchanges Explained Read More »
Connecting your wallet is an essential first step to using rhino.fi and can be a source of concern for many users. There are several different types of wallets, both hardware (like USB sticks) and software (like the financial apps you use online), and connecting them can seem tricky if you’ve never done it before. But …
How To Connect a MetaMask or Ledger Wallet To rhino.fi Read More »
Layer 2 is the collective term for a group of crypto projects that have been built as semi-autonomous satellites of the main Ethereum blockchain. The group includes rhino.fi. These projects, which include both trading platforms and networks of decentralised applications, solve Ethereum’s well-publicised congestion problem by handling many of its everyday transactions off-chain before posting …
Decentralised finance, or DeFi, is a reboot of the traditional financial system which removes the need for central intermediaries such as banks, exchanges and pension funds. No-one owns it and anyone can access it. This new system harnesses the potential of decentralised blockchains such as Ethereum, which can execute transactions without requiring a human to …
Blockchains underpin many of the world’s most popular cryptocurrencies, and in fact they provide a basis for the entire crypto universe. These chains are built on fair, transparent and democratic technology, and crucially they don’t need a central person or authority to oversee them. This means they have all kinds of use cases that stretch …
What is a Blockchain? Blockchain Technology Explained Read More »
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 …
