Crypto Decoded
Cryptocurrency made simple
Crypto and tax in the UK: what you need to know
HMRC has been clear on this point for several years. For tax purposes in the United Kingdom, cryptocurrency is not…
Why is crypto so volatile?
Bitcoin dropping thirty percent in a month is described as a correction. Dropping eighty percent over a year is called…
What is a crypto wallet?
The phrase “crypto wallet” is slightly misleading, because a wallet in the ordinary sense holds money. A crypto wallet does…
What is DeFi (decentralised finance)?
Every so often a phrase escapes the crypto world and lodges itself in mainstream finance conversation. Decentralised finance is one…
What is a smart contract?
The phrase “smart contract” is one of those bits of crypto vocabulary that sounds harder than it is. It is…
What is Ethereum, and how is it different from Bitcoin?
Ethereum explained in the simplest terms is this: it is the world’s second-largest cryptocurrency network, but it was not built…
What Is Bitcoin? The Problem It Was Built to Solve
Bitcoin is the original cryptocurrency and still the biggest. Every other coin, every blockchain, every DeFi protocol exists in its…
What is fiat currency? (And no, it is not a car)
Every time the word fiat comes up in a cryptocurrency conversation, at least one person quietly thinks of a small…
What is a stablecoin?
A stablecoin is a cryptocurrency designed to hold a fixed value, almost always pegged to the US dollar. One token…
Layer 1 and Layer 2: what they are and why they exist
If you spend any time reading about cryptocurrency, you will quickly encounter the terms Layer 1 and Layer 2. They…