Cryptocurrency Basics

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Cryptocurrency Basics

Introduction

  • What is Cryptocurrency?
  • How does Cryptocurrency work?
  • Popular Cryptocurrencies
  • History of Cryptocurrency
  • How does a blockchain work?
  • What is "Decentralisation" and why is it important?
  • Mining and Consensus Mechanisms
  • Permissioned vs. Permissionless Blockchains
  • What is the difference between a coin and a token?
  • What are self-custody & non-custodial wallets?

Getting Started

  • How To Buy Cryptocurrency
  • Setting Up a Crypto Wallet
  • Securing Your Cryptocurrency
  • Understanding Exchange Platforms
  • Types of Cryptocurrency Wallet
  • Best Practices for Crypto Storage
  • Common types of Cryptocurrency Scams
  • How to identify a Cryptocurrency Scam?
  • How to avoid Cryptocurrency Scams
  • Do I owe taxes on Crypto transactions?
  • How to Track Your Crypto Portfolio

Decentralized Finance (DeFi)

  • What is DeFi?
  • How DeFi Differs from Traditional Finance
  • Major Use Cases in DeFi
  • What are Smart Contracts?
  • Understanding Liquidity Pools
  • Staking and Yield Farming
  • DeFi Risks and Security
  • What Is Crypto P2P Trading, and How Does It Work?

Popular Cryptocurrencies

here are numerous cryptocurrencies in existence today, with some of the most notable being:

Bitcoin:

Launched in 2009, Bitcoin is the very first cryptocurrency and continues to be the most widely traded. It was created by someone (or a group of people) under the pseudonym Satoshi Nakamoto, though their true identity remains a mystery.

Ethereum:

Introduced in 2015, Ethereum is a blockchain platform with its own cryptocurrency known as Ether (ETH) or simply Ethereum. It stands as the second most widely used cryptocurrency after Bitcoin.

 

As a Telcoin platform user, it’s essential to understand the TEL token, as well as Polygon’s native token, MATIC, which is used to pay for transaction fees (or gas fees) on the blockchain.

Polygon (MATIC):

Polygon is a “layer two” or “sidechain” scaling solution that operates alongside the Ethereum blockchain. It enables faster transactions with lower fees. MATIC, the network's native cryptocurrency, is used for transaction fees, staking, and various other purposes.

Telcoin:

TEL is the native utility token for the decentralized, user-owned Telcoin Platform. It serves as the medium of exchange, reserve asset, and protocol currency, providing both productive and consumptive utilities for participants across different layers of the platform.

More articles in this section

What is Cryptocurrency?

How does Cryptocurrency work?

History of Cryptocurrency

How does a blockchain work?

What is "Decentralisation" and why is it important?

Mining and Consensus Mechanisms

Permissioned vs. Permissionless Blockchains

What is the difference between a coin and a token?

What are self-custody & non-custodial wallets?