Automated Market Makers (AMMs) and liquidity pools allow you to trade virtual currencies instantly, without the need for either a conventional middleman or a partner on the other side of the trade. Ok, that’s the top-line, but there’s loads of other stuff you should know about this concept as it’s very much on the tip […]
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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 »
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
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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
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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
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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
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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
Tokens vs Coins: What’s the Difference? Read More »
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
Ethereum vs Bitcoin: What’s the Difference? Read More »
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
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