ACADEMY
Learn more about Crypto & DeFi
The Tytanid academy is your guide to all things Crypto, DeFi and binary options. Taking you from novice to pro trader.
What is an IDO?
An IDO (Initial Dex Offering) is the trending and exciting decentralized crowdfunding channel. IDO is bringing a new manner of fundraising into the permissionless Crypto space. The projects involving IDO exchanges Crypto assets exchange as per the liquidity tools. The traders are allowed to swap tokens, coins, and stable coins. Before the introduction of IDO, initial coin offerings (ICOs), security token offerings (STOs) and initial exchange offerings (CEOs) were its predecessors. security token offerings (STOs) and initial exchange offerings (CEOs) were its predecessors.
Options Contracts
The options contracts are pure agreements allowing the right of the buyer or seller for selling the asset at a definite price and time. The date is known as the expiration date while the prespecified price is known as the strike price or exercise price. It helps facilitate the possible transaction with the buyer having the final rights. It is a derivative written contract that keeps the person free from any obligation. The underlying assets can be both commodities and stocks.
Symmetric Key Cryptography
Symmetric Key Cryptography is a cryptographic algorithm to encrypt and decrypt useful information. The encryption and decryption practices run with the help of shared key phrase. It helps in data protection using the secret key for both locking and unlocking processes. Symmetric Key Cryptography is a reliable method to share any form of a message without allowing anyone to access or read the same. A single key will be shared between sender and recipient to lock or unlock the protection.
What is Technical Analysis?
It is a trading methodology that helps in evaluating certain investments and trading opportunities. The process involves the examination, evaluation, and prediction of price change in the financial markets. You can keep a keen eye on the trading volumes and trends to figure out the future patterns and potential changes. It is an undoubtful investment valuation to identify the chart patterns and indicators. Technical analysis involves certain studies to forecast your stock performances.
Proof Of Burn
Proof of Burn (PoB) is a reliable technique to validate new blocks on Blockchain technology. Based on the consensus mechanism, Proof of Burn (PoB) allows the destruction of coins. The users who are able to prove that they have destroyed a specific amount of coins can go ahead with the new block validation. This consensus mechanism verifies the validity of transactions to mark them as secure and reliable. Users need to complete a predefined task to participate in the validation process.
KYC
KYC, or Know Your Customer, is a regulatory requirement for financial institutions in most countries. Financial institutions are required to collect identifying information about their customer's names, addresses, phone numbers, etc., and verify it with either government-issued identification documents or data collected from third-party sources. The KYC process helps minimize fraud and money laundering by ensuring that a company knows who they're doing business with. Basically, if you run a bank or work in financial services, it's important to understand what Know Your Customer means!
Solana (SOL)
Solana is a cryptocurrency derived from Bitcoin’s protocol that can be mined. It uses a Proof of Stake and Masternode system to achieve consensus, as opposed to the Bitcoins Proof of Work system. Because it is derived from Bitcoin’s source code it benefits from all of its security features and has a very high hash rate making it an excellent choice for mining. In the future when there are no more coins left to mine, Solana will transition into a full Proof-of-Stake coin. Mining on Solana also supports instant send, which allows transactions to go through without delay or confirmations. The combination of staking and master nodes offers a decentralized governance model where holders are rewarded with 60% of new blocks created each year through proof-of-stake voting.
What is Cardano (ADA)?
It is a decentralized PoS (Proof of Stake) blockchain platform that serves as a reliable alternative for PoW (Proof of Work) platforms. It runs on the Ouroboros consensus algorithm and brings multiple benefits including security. Cardano is designed with stages like foundation, decentralization, smart contracts, scaling, and governance. The basic Cryptocurrency of Cordana is known as Ada and is designed to curb the basic limitations of other Blockchain platforms. It is one of the flexible, sustainable, and scalable platforms too.
Market Capitalization
The market capitalization of a company refers to its total value. This number reflects how much money investors think a company is worth. It can be calculated by multiplying its stock price (how much one share costs) by how many shares it has sold. If, for example, the company has 10 million shares that each cost $1, then the market cap would be $10 million. On the other hand, if 1 million shares are priced at $2 each, the market cap would be $2 million. The size of this figure is an indication of a company's size and influence on the markets.
Metaverse
The Metaverse is a simulated virtual digital environment to mimic real-world experiences and enhanced user interactions. Metaverse uses augmented reality (AR), virtual reality (VR), blockchain, and various other advanced technologies. Metaverse is designed to get the most immersive experience and opportunities in the virtual ecosystem. It binds the evolution of new technologies for execution. The Metaverse is the channel to new growth in the economy and wealth development. Unlike the real-world, it keeps the concerns of privacy, security, diversity, and ethical behavior sorted.
MetaMask
Metamask is a cryptocurrency wallet allowing easy accessibility to Ethereum Blockchain. The users can access the wallet through the mobile application or browser extension. It even functions as an authenticator and uninterrupted interactions with the decentralized apps. However, Metamask faces some privacy issues as it allows uninterrupted access to the wallet details. It offers a reliable interface to send tokens to others or move them into your account. It supports ETH-based tokens like ERC-721 and ERC-20.
Tether
Tether USDT is a stablecoin Cryptocurrency that can be used for trading with an upside. It is used for mimicking the real-world value in the virtual world. The owner of Tether's parent company is holding equal assets to the market value of the currency. In simple words, each Tether cryptocurrency token is represented with the underlying US dollars. The pairing can be said to be 1 USDT = 1 USD in the case of Tether. Initially known as Realcoin, Tether is a popular Cryptocurrency being pegged to the USA.
What are governance tokens?
Developers design governance tokens to let token holders influence the direction of a system. Owners of the governance tokens have the ability to vote on requests for new features, change the governance structure, and make other project-related choices. Systems that employ governance tokens are defended on the grounds that they provide user control, which is consistent with the decentralization and democratic goals of the original coin. In order to distribute the management of blockchain projects among the community members, governance tokens are essential.