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Anycoin Academy. Learn everything about Crypto and Blockchain

You often hear people talk about cross chain. Often it is not immediately clear to you what it is about. Cross chain means the transfer of data and tokens between different blockchains. This can be done in different ways.

In this lesson, we are going to look at all the ways you can transfer cryptocurrency and data using cross chain technology.

intermediate

Cross chain crypto

What is cross chain crypto?

A Bitcoin Improvement Proposal (BIP) is a proposal to improve the Bitcoin blockchain. The intent is to add improved procedures or features to the Bitcoin protocol.
In 2011, the first BIP (0001) proposal was made by programmer Amir Taaki, defining what a BIP is and who may implement them.

In this lesson, we will discuss what a BIP is, what important ones there are and how they work.

Bitcoin Improvement Proposal

What is a Bitcoin Improvement Proposal?

Minting crypto refers to the creation of new coins on a blockchain. There are several ways to do this.
In this lesson, we're going to teach you what options there are so you know where all these new coins come from.

Minting crypto

With custodial wallets, third parties hold your cryptocurrency and with non-custodial wallets, you hold them yourself. Whoever owns the private key technically owns the coins. Anycoin Direct has a dedicated Vault to keep your coins safe.
In this lesson, we will dive into the world of coin storage and the pros and cons of custodial vs non custodial wallets and why you should choose the Vault.

Custodial and non custodial wallets

Custodial and non-custodial wallets

A token standard is a tool for creating a token using automation and standards. From ERC-20 to Runes, they all revolve around convenience.

In this lesson, we will explore why there are token standards and what you can do with them.

beginner

What token standards are there

What token standards are there?

The metaverse is too comprehensive to just explain in a few sentences. With so many different definitions and techniques, we thought it would be an excellent topic to devote this comprehensive Academy article to.

Metaverse

What is the metaverse

You must have heard the term bridge or crypto bridge before. Vaguely, most people understand what you can roughly do with it. Only people who work with it frequently understand its exact operation from experience.

In this lesson we are going to tell you all about crypto bridge, so that you are well prepared if you ever want to use it.

Crypto bridge

What is a crypto bridge?

You must have heard of a DAO before. Maybe you already know a little more about it, but for most people it's still not very clear what exactly it entails.

We're going to do something about that. After today's lesson, you will be able to explain the meaning of the acronym DAO to others on your own.

What is a DAO?

If you've been around in the world of crypto for a while, you've probably seen the term ERC-20 token come up many times. That's not surprising, because a lot of cryptocurrencies have already started as ERC-20.
In this article, we will explain exactly what it means, so that the next time you come across this terminology, you will also know exactly what it means.

What is an ERC-20 token?

Everyone has heard of nodes. They are those things that have to approve new transactions. Or do they do more? There is also often a lot of confusion about names like validator, node and miner. Because it's quite tricky to know what they actually do, we wrote this lesson so you'll know exactly this after this lecture.

What are nodes

What are nodes?

Today we're going to tell you all about the Merkle Tree, a crucial structure in blockchain and cryptography. Let's get started right away and discover why it's so important.

advanced

What is a Merkle tree?

There was a time when ICOs were flying around your ears. One ICO after another was launched to raise a lot of money for a project. However, very few people know exactly what an ICO is. Hence, we wrote this lesson so that you do know exactly what an ICO is all about.

What is an ICO?

A hard fork and soft fork are two different ways to make changes to a blockchain. A hard fork involves major changes and is not compatible with the older blockchain. A soft fork is a more subtle modification that remains compatible with older software and can be used, for example, to improve security or add new features.

Exactly how this all works we are going to cover in this article.

What is a hard fork and what is a soft fork

AI and crypto are not sworn friends, but may become so as artificial intelligence advances.

Everyone has heard of AI, meaning artificial intelligence. The question, however, is whether AI and crypto can work well together. In this lesson, we're going to tell you how.

AI and crypto

AI in crypto

Web3 means decentralized Internet, in which users are central, not big corporations. Components are read and write and own.

Web3 or also known as Web 3.0 is a term that has come up more often lately in conversations on the Web 2.0 about cryptocurrency and blockchain technology. Web3 is said to be the future of the Internet. Whether it is, we're going to tell you about that in this lesson.

What is web3

What is Web3


In this lesson we are going to tell you about something very important: the seed phrase. Read this lesson carefully, because it contains some surprises that you've probably never heard of before. It's essential to know, though, because all your cryptocurrency is at stake!


What is a seed phrase

What is a seed phrase?

Cryptocurrency is digital money that uses cryptography for encryption when transmitting crypto. So you could call it encrypted money.

We've all heard about cryptocurrencies, but actually many people don't know exactly what it means. That's why we wrote the following lesson. After reading this, you will know exactly what a cryptocurrency is and what important features it has.

What is cryptocurrency

What is cryptocurrency?

Mining a cryptocurrency means getting new coins by providing computing power to a Proof-of-Work blockchain network, solving cryptographic puzzles and validating transactions.

Today's lesson is about cryptocurrency mining. Of course you know what Bitcoin miners do, it has been talked about many times in various media. But how does it actually work and what variants are there?

What is mining

What is mining?

Bitcoin halving is an event that occurs after 210,000 blocks have been mined. The fee for mining a block is then halved. This happens about once every four years.

You may have heard about halving for Bitcoin. However, there are halvings of many coins. Today we are going to explain to you what these actually are.

What is the Bitcoin halving

What is the Bitcoin halving?

A blockchain is a chain of blocks all tied together that provides information to the individual blocks in order of creation so that all participants know their state.

Lately, you can't avoid the term blockchain. It is in the news more often, due to the fact that major coins like Bitcoin and Ethereum use it. So what exactly is blockchain and why has it become so popular? You'll know exactly that after this lesson.

What is a blockchain

What is a blockchain?

The Byzantine generals problem is a solution to erroneous or malicious nodes that pass wrong information. This allows the blockchain to continue running correctly despite the errors.

Today, let's take a brief trip to antiquity. The Byzantine Empire was part of the Roman Empire, after it was split into two parts. Byzantium (later Constantinople and Istanbul) was the capital.

Byzantine generals problem

What is the Byzantine generals problem?

Sidechains are built when the main chain needs support or relief. This may be due to scalability, cost or other reasons.

Today we are going to talk about sidechains. I'm sure it has come up before, but what exactly is it?

What are sidechains

What are sidechains?

In today's lesson we are going to talk about something you will have heard about before. You may not know exactly what it means, but after this lesson you will.

What is a 51% attack

What is a 51% attack?

A public key is used as an address to receive coins. A private key is used to issue coins. That is why your private key is so important and must be kept secret.

It is important to know what these two mean and what that means for an investor in cryptocurrency. This lesson is designed to inform you exactly what these terms mean so that you remain vigilant in your crypto adventures.

Public key and private key

What is a public key and what is a private key?

When you see these terms like this for the first time you will scratch your head behind the ears. A consensus algorithm? What the hell is that? After following this lesson, you will not only know what it is, but also what forms it takes.

What is a consensus algorithm

What is a consensus algorithm?

Proof of stake means pinning coins for a reward. Proof of work means getting a reward for solving a cryptographic puzzle.

Everyone has heard about proof of stake and proof of work. What exactly it means, that's what we're going to tell you about today in this lesson. Sit back and let us take you into the world of mining and coins staking.

Proof of stake vs proof of work

Proof of stake versus Proof of work

Hashing is a technique for converting data into a code. This code is called a hash and is usually used in securing important data or mining.

In this lesson, we are going to talk about hashing. It's certainly not easy, but we won't let that deter us. Here we go.

What is hashing

What is hashing?

SegWhite stands for Segregated Witness which means separated witness. This 2017 update to Bitcoin made Bitcoin more scalable, but it also caused a hard fork of BCH.

In the upcoming lesson, we're going to tell you about SegWit. You must have heard about it once, but what exactly does it mean? You'll know that after reading this article.

What is SegWit

What is SegWit?

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Anycoin Direct is a European cryptocurrency broker that allows you to buy and sell Bitcoin and other cryptocurrencies. Our platform is known for its user-friendly interface, secure transactions, and competitive prices. We have been active in the cryptocurrency market since 2013 and have helped over 500.000 customers with their transactions. We are a registered company in The Netherlands and have a dedicated team that is ready to assist you with your cryptocurrency transactions.