Mining, in the crypto context, is the process of verifying transactions and then cataloging them as a new block of data on a blockchain. It’s one way to conduct a basic accounting function on an open, distributed digital ledger. In the case of Bitcoin mining new transactions are added

Token A token is a blockchain-based asset that is created to perform a specific function. A crypto token’s functionality is described by a smart contract (a set of rules outlined and enforced by computer code) and defines the token’s utility. Tokens are used for a number of crypto/

A smart contract is a major innovation of decentralized/blockchain tech. Put simply, smart contracts are rules or agreements that are written in computer code and that can be based on external events or data and that execute themselves once certain conditions are met. Smart contracts can range from very

A blockchain node plays a critical role in running and maintaining a distributed network. There are different kinds of nodes that serve various functions including validating transaction details and recording blocks of data to the blockchain's ledger. If enough nodes accept new updates then the network adapts to the new

A protocol is a set of code-based rules and procedures that define how a blockchain works. For cryptocurrencies, the protocol layer is extremely important because the protocol defines how the blockchain manages, validates, and confirms data. Additionally — and this is the novel part of crypto-specific protocols — they dictate how the

A non-custodial wallet is a tool that allows users to hold a private key to digital assets in a secure way. If crypto investing is like rock climbing, then holding assets in a non-custodial wallet is like having a rope, a harness, and a belayer. Meanwhile, holding crypto assets on