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CryptoSlackers

CryptoSlackers is a website, YouTube channel, and Slack chat group focused on educational cryptocurrency content and smart, responsible investment strategies.


Bitcoin 101: Bitcoin Beginners Check List

7 Dec 2020 2 minute read 0 comments CryptoSlackers

Understanding What Bitcoin Is Bitcoin is a decentralized virtual currency that allows people to securely send and receive money in the form of Bitcoin without needing to trust a third party to verify each transaction. For example, when you send money...

Polkadot (DOT) Explained in 60 Seconds

7 Dec 2020 1 minute read 0 comments CryptoSlackers

Polkadot is a global network of blockchains that serves as a foundation for a new peer-to-peer internet by both allowing new blockchains to be built on its framework, as well as enabling existing blockchains to connect, or bridge, to the Polkadot Net...

DAI Stablecoin Explained in 60 Seconds

7 Dec 2020 1 minute read 9 comments CryptoSlackers

Dai is ERC-20 token on the Ethereum blockchain that is pegged to the US Dollar, making it what is known as a stablecoin. Dai is created by the Maker Protocol, which is a series of smart contracts, or code that runs on the Ethereum Network, that facil...

Yearn.finance (YFI) Explained in 60 Seconds

7 Dec 2020 1 minute read 1 comment CryptoSlackers

Yearn Finance is a decentralized finance network that offers a suite of different DeFi products for lending aggregation, yield generation, and insurance on the Ethereum blockchain. YFI is Yearn Finance's native governance token that gives owners the...

Wrapped Bitcoin Explained in 60 Seconds

4 Dec 2020 1 minute read 0 comments CryptoSlackers

Bitcoin, which operates on the Bitcoin blockchain, cannot be easily transacted with on other blockchains, such as Ethereum. This problem is solved by "wrapping" Bitcoin into an ERC-20 token that functions freely on the Ethereum blockchain. When a us...

Cosmos (ATOM) Explained in 60 Seconds

3 Dec 2020 1 minute read 0 comments CryptoSlackers

Cosmos is a decentralized protocol for facilitating secure communication and transactability between existing blockchains without the need for a centralized intermediary. In addition to this, Cosmos provides the infrastructure to build new, scalable...

Uniswap Explained in 60 Seconds

3 Dec 2020 1 minute read 1 comment CryptoSlackers

  Uniswap is a decentralized exchange built on Ethereum that allows for easy and quick swapping of ERC-20 tokens at market prices using an automated market-making protocol. Decentralized trading is made possible by users who provide liquidity in the...

Monero (XMR) Explained in 60 Seconds

3 Dec 2020 1 minute read 0 comments CryptoSlackers

Monero (XMR) is a decentralized proof-of-work cryptocurrency that focuses on providing full anonymity and privacy to its users. Monero's fundamentals work very similarly to Bitcoin, in that transactions are confirmed by miners who earn a fee in exch...

VeChain Explained in 60 Seconds

2 Dec 2020 1 minute read 0 comments CryptoSlackers

VeChain is a blockchain ecosystem built specifically with enterprise solutions in mind, predominantly in regards to supply chains. VeChain's platform has 2 tokens: VeChain (VET) which is used to send and receive value, and VeChainThor Energy (VTHO) w...

Tezos (XTZ) Explained in 60 Seconds

2 Dec 2020 1 minute read 0 comments CryptoSlackers

Similarly to Ethereum, Tezos is a proof-of-stake blockchain network that allows programs, or smart contracts, to be executed without the need for a trusted 3rd party. XTZ, also known as tez, is the Tezos native cryptocurrency token that carries value...