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 »
An application programming interface, otherwise known as an API, sounds really complicated. But actually, it’s very simple: it’s a software product that allows two programmes or applications to talk to one another. This is the basis of API trading, which is a popular option for advanced traders on rhino.fi, particularly those with software programming experience. …
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 …
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 »
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 …
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 »
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 …
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