Generally, a Whitepaper is a report or guide that informs its readers about a specific topic or issue. For example, developers can create a Whitepaper about their software to educate users on what they are building and why.In the blockchain space, a Whitepaper is a document that helps outline the main features and technical specifications of a specific cryptocurrency or blockchain project.

What is a Whitepaper?

<ul><li>Many Whitepapers are focused on a coin or token, they can also be based on different types of projects, such as a <a href="https://academy.binance.com/en/articles/the-complete-beginners-guide-to-decentralized-finance-defi">decentralized finance (DeFi)</a> platform or a <a href="https://academy.binance.com/en/articles/what-is-play-to-earn-and-how-to-cash-out">play-to-earn game</a>.</li><li>A Whitepaper may provide an overview of essential data in the form of statistics and diagrams.</li><li>A Whitepaper could explain the governing structure of the project, who’s working on it, and the current and future development plans (i.e., their <a href="https://academy.binance.com/en/glossary/roadmap">roadmap</a>).</li><li>Each project creates a Whitepaper that fits its conditions best.</li><li>Cryptocurrency Whitepapers are often thought of as business plans for crypto projects.</li></ul>

Many Whitepapers are focused on a Coin or Token

Founders make Whitepapers to provide an understanding of the goal of their project.Whitepapers often give an idea about the real-world utility of the crypto project. For example, it could describe how it solves a specific problem or how it can improve certain aspects of our lives.A Whitepaper could also give an in-depth look into <a href="https://academy.binance.com/en/articles/what-is-tokenomics-and-why-does-it-matter">tokenomics</a> components, such as <a href="https://academy.binance.com/en/articles/what-is-a-coin-burn">token burns</a>, token <a href="https://academy.binance.com/en/glossary/allocation">allocations</a>, and incentive mechanisms. Finally, a Whitepaper could contain a <a href="https://academy.binance.com/en/glossary/roadmap">roadmap</a> informing users about the project timetable so that they would know when to expect the product releases.

What information can you find in a whitepaper?

Whitepapers are important for the crypto ecosystem. Even though there are no standards for creating them, whitepapers have become a framework for researching crypto projects.It's a general recommendation to start crypto research by reading the project's Whitepaper. Whitepapers can provide transparency and equality by making the project's key information public. Various parties can benefit from whitepapers. A person interested in the idea can decide more confidently if he wants to join a particular community after reading it.

Why are Whitepapers important?

Bitcoin Whitepaper: The <a href="https://bitcoin.org/bitcoin.pdf">bitcoin whitepaper</a> was published in 2008 by an anonymous individual or group known as <a href="https://academy.binance.com/en/articles/who-is-satoshi-nakamoto">Satoshi Nakamoto</a>. The Bitcoin whitepaper is called "Bitcoin: A Peer-to-Peer Electronic Cash System."Ethereum whitepaper: The Ethereum whitepaper explains how its purpose differs from that of Bitcoin. The Ethereum whitepaper presented a platform that would enable developers to build and deploy all kinds of decentralized applications (<a href="https://academy.binance.com/en/articles/what-are-decentralized-applications-dapps">DApps</a>). The whitepaper also explains the technological solutions that made Ethereum possible, such as <a href="https://academy.binance.com/en/articles/what-are-smart-contracts">smart contracts</a> and the Ethereum <a href="https://academy.binance.com/en/glossary/virtual-machine">Virtual Machine</a>.

Examples of Whitepapers

<ul><li>A Whitepaper should provide you with a necessary understanding of what the cryptocurrency project plans to do and how. </li><li>Whitepapers are not regulated, and practically anyone can write one.</li><li>If you are interested in a certain project, it’s important to analyze their whitepaper carefully, considering the potential red flags and risks.</li></ul>Risk Warning: Digital asset prices are subject to high market risk and price volatility. The value of your investment can go down or up, and you may not get back the amount invested so don't invest more than you're afford to lose.

Closing thoughts

A Cryptocurrency Whitepaper enables projects to explain their products and goals to their audiences. Projects can freely choose what kind of information they want to provide, but whitepapers usually include an overview of the project’s goals, Tokenomics, products, features, and information about the Team.

A cryptocurrency whitepaper provides you with details about a specific crypto project. It’s often considered a good way to start crypto research.

crypto

Cryptocurrency

technologyandthefuture

Technology & The Future

cybersecurity

Cybersecurity

computerscience

Computer Science

artificialintelligence

Artificial Intelligence

What Is a Cryptocurrency Whitepaper?

Trust Wallet is a non-custodial cryptocurrency wallet software that allows you to trade various cryptocurrencies safely. <ul><li>The program provides you with a secure access key that keeps your assets safe against unauthorized access.</li><li>Trust Wallet acts as a secure, open-source, and decentralized crypto wallet.</li><li>It has a wide range of functionality and allows users to access a large selection of blockchains, digital assets, and DApps.</li><li>Trust Wallet also has its own governance token, TWT, that allows holders to take part in key governance votes.</li></ul>

What is Trust Wallet?

Trust Wallet is a multi-coin mobile wallet that gives users access to multiple chains in one application. Unlike browser-based wallets, every blockchain is accessible from the moment you download the app. <ul><li>Trust Wallet users have total control over their seed phrase, making the app non-custodial. </li><li> Another key feature for Trust Wallet users is its in-built DApp browser.</li></ul>

How does Trust Wallet work?

Built within the Trust Wallet app is its Web3 DApp browser. This lets you interact and access DApps without leaving the Trust Wallet app.<ul><li>DApp users can interact with the application directly on the blockchain. </li><li>There is no need to sign up or login. </li><li>You can use a variety of DApps, including OpenSea, PancakeSwap, 1inch, and Uniswap, seamlessly. </li><li>These DApps are also optimized for mobile performance, so users can manage their crypto and DApps directly from their phones.</li></ul>

In-built DApp browser

Trust Wallet also offers several features available natively within the Trust Wallet app:<ul><li>Staking - There are multiple available <a href="https://academy.binance.com/en/articles/what-is-staking">staking</a> options, including BNB, ATOM, and more, with APR up to 85%.</li><li>Swapping and exchanging - Users can swap between tokens within the Trust Wallet app with native cross-chain swapping.</li><li>Purchasing - Trust Wallet enables users to purchase <a href="https://academy.binance.com/en/articles/what-is-cryptocurrency">cryptocurrencies</a> using <a href="https://academy.binance.com/en/articles/what-is-fiat-currency">fiat</a> with six on-ramp providers.</li></ul>

What can you do with Trust Wallet?

Trust Wallet is a mobile-only app available to download for iOS, Android, and Google devices. <ul><li>You can access the official download links on the Trust Wallet website. </li><li>Always confirm you're using the official website when downloading any crypto wallet or crypto exchange app.</li></ul>

Where can I download Trust Wallet?

Trust Wallet Token (TWT) is a governance token that lets users participate in the wallet's decision-making process. TWT holders vote on and propose in-app features, updates, and other key changes. The TWT token has a maximum supply of 1,000,000,000 TWT and exists as a BEP-20 token on BNB Smart Chain and as a BEP-2 token on BNB Beacon Chain. Holders can also receive discounts on DEX services and cryptocurrency purchases. You can buy Trust Wallet Token on Binance or earn it through marketing campaigns, giveaways, and airdrops held by the Trust Wallet team.

What is Trust Wallet Token (TWT)?

Trust Wallet offers a versatile product for anyone HODLing coins, interacting with Decentralized Finance (DeFi) DApps, or even looking to buy cryptocurrencies. Much of the work in crypto adoption relies on providing straightforward, one-stop solutions, and Trust Wallet offers just that. If you decide to buy TWT, also make sure to do your own research before making any investment.

Conclusion

Trust Wallet is a non-custodial cryptocurrency wallet. Trust Wallet also has its own governance token, TWT, that allows holders to take part in key governance votes. Also, make sure to do your own research before making any investment.

Trust Wallet is Binance’s official, decentralized non-custodial cryptocurrency wallet for accessing a range of blockchains, tokens, NFTs, and DApps.

moneyandinvestments

Money & Investments

What Is Trust Wallet (TWT)? | Binance Academy

It’s a common perception that blockchain technology was invented with the emergence of Bitcoin, but this is not entirely true.An early version of a cryptographically secured, timestamped chain of blocks was described by computer scientists Stuart Haber and W. Scott Stornetta in 1991.

1. History

Most blockchains work as a digital ledger that is shared among a distributed network of computer nodes.Blockchains are best known for their crucial role in the cryptocurrency industry, for maintaining a secure and decentralized record of transactions.

2. Key Features

Blockchain has a large number of use cases. Let's take a look at some examples:<ul><li>Remittance: Blockchain simplifies the process of transferring money to a distant location by eliminating unnecessary intermediaries and reducing transaction fees.</li><li>Digital art: NFTs help artists prove the authenticity of their digital works.</li><li>Real estate: Blockchain can be used to facilitate the sale of real estate properties.</li><li>Finance: DeFi protocols enable for the first time to borrow or lend money on a large scale between unknown participants and without the need for a central authority.</li><li>Gaming</li></ul>

3. Use Cases

In January 2009, computer scientist Hal Finney received the world’s first bitcoin transaction from the network‘s pseudonymous founder, Satoshi Nakamoto.

4. Transaction

In 2010, a Florida-based developer paid 10,000 bitcoin for two pizzas (worth then about $40). It is generally acknowledged as the first commercial bitcoin transaction.

FUN FACT

Are you sure you know everything about blockchain? Blockchain is a word you may have heard many times, but do you know when the technology was invented? Here are 4 facts that are key to understanding blockchain.

personaldevelopment

Personal Development

Academy Blockchain: Everything you need to know about Blockchain

<ul><li>A digital signature is a cryptographic mechanism used to verify the authenticity and integrity of digital data.</li><li>We may consider it as a digital version of the ordinary handwritten signatures, but with higher levels of complexity and security.</li><li>In simple terms, we may describe a digital signature as a code that is attached to a message or document. After generated, the code acts as proof that the message hasn’t been tampered with along its way from sender to receiver.</li></ul>

What Is A Digital Signature?

Public-key cryptography, or PKC, refers to a cryptographic system that makes use of a pair of keys:<ul><li>one public key</li><li>one private key.</li></ul>The two keys are mathematically related and can be used for both data encryption and digital signatures.

Public-key cryptography (PKC)

In the context of cryptocurrencies, a digital signature system often consists of three basic steps:<ul><li>hashing</li><li>signing</li><li>Verifying.</li></ul>

How digital signatures work

Hashing the data is not a must for producing a digital signature because one can use a private key to sign a message that wasn’t hashed at all.But for cryptocurrencies, the data is always hashed because dealing with fixed-length digests facilitates the whole process.

Hashing the data

After the information is hashed, the sender of the message needs to sign it. This is the moment where public-key cryptography comes into play. There are several types of digital signature algorithms, each with its own particular mechanism.But essentially, the hashed message will be signed with a private key, and the receiver of the message can then check its validity by using the corresponding public key (provided by the signer).

Signing

Let’s take an example to illustrate the whole process until the final step of verification. Imagine that Alice writes a message to Bob, hashes it, and then combines the hash value with her private key to generate a digital signature. The signature will work as a unique digital fingerprint of that particular message.

Verifying

Digital signatures are often used to achieve three results:<ul><li>data integrity,</li><li>authentication,</li><li>non-repudiation.</li></ul>

Why are digital signatures important?

Digital signatures can be applied to various kinds of digital documents and certificates. As such, they have several applications. Some of the most common use cases include: <ul><li>Information Technology. To enhance the security of Internet communication systems.</li><li>Finance. Digital signatures can be implemented to audits, expense reports, loan agreements, and much more.</li><li>Legal. Digital signing of all sorts of business contracts and legal agreements, including governmental papers.</li><li>Healthcare. Digital signatures can prevent fraud of prescriptions and medical records.</li><li>Blockchain.</li></ul>

Use cases

The major challenges faced by digital signature schemes rely on at least three requirements: <ul><li>Algorithm. The quality of the algorithms used in a digital signature scheme is important. This includes the choice of reliable <a href="https://academy.binance.com/en/articles/what-is-hashing">hash functions </a>and cryptographic systems.</li><li>Implementation. If the algorithms are good, but the implementation is not, the digital signature system will likely present flaws.</li><li>Private Key. If the private keys get leaked or somehow compromised, the properties of authenticity and non-repudiation will be invalidated.</li></ul>

Limitations

Digital signatures relate to one particular kind of electronic signatures - which refer to any electronic method of signing documents and messages. Thus, all digital signatures are electronic signatures, but the opposite isn’t always true.

Electronic signatures vs. digital signatures

Hash functions and public-key cryptography are at the core of digital signature systems, which are now applied to a wide range of use cases.

What Is a Digital Signature? | Binance Academy

Any coin other than Bitcoin is considered an altcoin.<ul><li>There's a huge variety in the altcoins available, from large-cap coins like Ether and BNB to tokens from newly launched projects. </li><li>Altcoins have traditionally been associated with ERC-20 tokens on Ethereum and the native tokens of other large blockchains.</li></ul>

What is an altcoin?

While Bitcoin (BTC) is the largest market cap coin and the most well-known cryptocurrency, you should diversify your investment portfolio as a responsible investor.To do this in the crypto world, you're going to need to purchase altcoins. <ul><li>You can reduce your overall risk by exposing your cryptocurrency portfolio to different coins and sectors in crypto, like Decentralized Finance (DeFi) or GameFi. This way, if Bitcoin crashes in price, your other crypto investments may balance out some of the losses.</li></ul>

Why should I invest in altcoins?

<ul><li>Ethereum (ETH)</li><li>Solana (SOL)</li><li>Polkadot (DOT)</li><li>Binance Coin (BNB)</li><li>Meme coin: Dogecoin (DOGE)</li><li>Stablecoins: BUSD / USDC</li><li>DAI</li><li>Uniswap (UNI)</li><li>PancakeSwap (CAKE)</li></ul>Don’t Risk More Than You Can Afford to Lose!

Altcoins To Diversify Your Portfolio

Want to start investing in altcoins but not sure how? Here are 9 altcoins across DeFi, stablecoins, and more in the crypto space to create a diversified portfolio.

Discover the world of business and economics.

economics

Economics

A liquidity pool is a collection of funds locked in a smart contract. Liquidity pools are used to facilitate decentralized trading, lending and many more functions.<ul><li>Liquidity Pools are the game-changing innovation in Decentralized Finance (DeFi) that facilitates trading on Decentralized Exchanges (DEX) and provide liquidity through a collection of funds locked in a smart contract.</li><li>Users called liquidity providers (LP) add an equal value of two tokens in a pool to create a market. In exchange for providing their funds, they earn trading fees from the trades that happen in their pool.</li></ul>

What is a liquidity pool?

<ul><li>The order book is a collection of the currently open orders for a given market.</li><li>The system that matches orders with each other is called the matching engine. Along with the matching engine, the order book is the core of any centralized exchange (CEX). This model is great for facilitating efficient exchange and allowed the creation of complex financial markets.</li><li>Each interaction with the order book requires gas fees, which makes it much more expensive to execute trades.</li></ul>

Liquidity pools vs. order books

Automated market makers (AMM) have changed this game. As no direct counterparty is needed to execute trades, traders can get in and out of positions on token pairs that likely would be highly illiquid on order book exchanges. When you’re executing a trade on an AMM, you don’t have a counterparty in the traditional sense. Instead, you’re executing the trade against the liquidity in the liquidity pool. For the buyer to buy, there doesn’t need to be a seller at that particular moment, only sufficient liquidity in the pool.

How do liquidity pools work?

Pooling liquidity is a profoundly simple concept, so it can be used in a number of different ways.<ul><li>One of these is yield farming or liquidity mining. Liquidity mining has been one of the more successful approaches. The tokens are distributed algorithmically to users who put their tokens into a liquidity pool. Then, the newly minted tokens are distributed proportionally to each user’s share of the pool.</li><li>Another emerging DeFi sector is insurance against smart contract risk. </li><li>Another, even more cutting-edge use of liquidity pools is for tranching.</li><li>Minting synthetic assets on the blockchain.</li></ul>

What are liquidity pools used for?

<ul><li>If you provide liquidity to an AMM, you’ll need to be aware of a concept called impermanent loss. In short, it’s a loss in dollar value compared to <a href="https://academy.binance.com/en/glossary/hodl">HODLing</a>. If you’re providing liquidity to an AMM, you’re probably exposed to impermanent loss. </li><li>Another thing to keep in mind is smart contract risks. When you deposit funds into a liquidity pool, they are in the pool.</li><li>Be wary of projects where the developers have permission to change the rules governing the pool. Sometimes, developers can have an admin key or some other privileged access within the smart contract code.</li></ul>

The risks of liquidity pools

A liquidity pool is a collection of cryptocurrency tokens locked into a smart contract. Liquidity pools power most of Decentralized Finance (DeFi).

What Are Liquidity Pools in DeFi and How Do They Work? | Binance Academy

Technical analysis involves the use of statistical analysis to make trading decisions. Technical analysts use a ton of data, often in the form of charts, to analyze stocks and markets. <ul><li>A golden cross indicates a long-term bull market going forward.</li><li>A death cross signals a long-term bear market. </li></ul>Both refer to the solid confirmation of a long-term trend by the occurrence of a short-term moving average crossing over a major long-term moving average.

Golden Cross VS Death Cross

The golden cross occurs when a short-term moving average crosses over a major long-term moving average to the upside and is interpreted by analysts and traders as signaling a definitive upward turn in a market.There are three stages to a golden cross:<ul><li>A downtrend that eventually ends as selling is depleted</li><li>A second stage where the shorter moving average crosses up through the longer moving average</li><li>The continuing uptrend, hopefully leading to higher prices.</li></ul>

Golden Cross

Conversely, a similar downside moving average crossover constitutes the death cross and is understood to signal a decisive downturn in a market. The death cross occurs when the short term average trends down and crosses the long-term average, basically going in the opposite direction of the golden cross.

Death Cross

<ul><li>A golden cross suggests a long-term bull market going forward, while a death cross suggests a long-term bear market.</li><li>Either crossover is considered more significant when accompanied by high trading volume.</li><li>Once the crossover occurs, the long-term moving average is considered a major support level (in the case of the golden cross) or resistance level (in the instance of the death cross) for the market from that point forward.</li><li>Either cross may occur as a signal of a trend change, but they more frequently occur as a strong confirmation of a change in trend that has already taken place.</li></ul>

KEY TAKEAWAYS

A golden cross indicates a long-term bull market going forward, while a death cross signals a long-term bear market.

problemsolving

Problem Solving

Golden Cross vs. Death Cross - Differences

Terra is a blockchain protocol that uses fiat-pegged stablecoins to power price-stable global payments systems. Terra's native token, LUNA, is used to stabilize the price of the protocol's stablecoins. LUNA holders are also able to submit and vote on governance proposals.

What Is Terra (LUNA)?

Terra was founded in January 2018 by Daniel Shin and Do Kwon. The two conceived of the project as a way to drive the rapid adoption of blockchain technology and cryptocurrency through a focus on price stability and usability. <ul><li>Prior to developing Terra, Shin co-founded and headed Ticket Monster, otherwise known as TMON. He later co-founded Fast Track Asia, a startup incubator working with entrepreneurs to build fully functional companies.</li><li>Kwon previously founded and served as CEO of Anyfi. He has also worked as a software engineer for Microsoft and Apple.</li></ul>

Who Are the Founders of Terra?

Terra stablecoins offer seamless cross-border value exchange and instantaneous swaps between one another, all while employing instant settlement and extremely low fees for use by anyone, anywhere.<ul><li>Terra seeks to set itself apart through its use of fiat-pegged stablecoins, stating that it combines the borderless benefits of cryptocurrencies with the day-to-day price stability of fiat currencies. </li><li>It keeps its one-to-one peg through an algorithm that automatically adjusts stablecoin supply based on its demand. </li></ul>

What Makes Terra Unique?

It has a circulating supply of 400 Million LUNA coins but unlimited supply and it might be very risky to invest money in this kind of projects.If you are looking to buy or sell Terra, Bitfinex is currently the most active exchange.

How Many Terra (LUNA) Coins Are There in Circulation?

The Terra blockchain is secured using a proof-of-stake consensus algorithm based on Tendermint, in which LUNA token holders stake their tokens as collateral to validate transactions, receiving rewards in proportion to the amount of LUNA staked. Token holders may also delegate others to validate transactions on their behalf, sharing in any revenue generated. Terra also offers additional guidance to validator nodes on the best practices for helping to keep the network secure.

How Is the Terra Network Secured?

Terra's native token, LUNA, is listed on several cryptocurrency exchanges, where it is available to be traded against fiat currencies, stablecoins and other cryptocurrencies:<ul><li>Bitfinex</li><li>Binance</li><li>Huobi</li><li>Upbit</li><li>Gate.io</li><li>BitPanda</li></ul>References: Special thanks to <a class="idea-content-link" href="https://coinmarketcap.com/">CoinMarketCap</a>Note: Don’t Risk More Than You Can Afford to Lose!

Where Can You Buy Terra (LUNA)?

Terra is a programmable money for the internet that is easier to spend, and more attractive to hold. Available on all leading blockchains.

Terra (LUNA) - powering the innovation of money

Differentiation helps in understanding crypto better and enables you to go in a specific direction that you're familiar with. There are various categories of cryptocurrencies and these are the different types of cryptocurrencies:<ul><li>LARGE CAP</li><li>DE-FI</li><li>GAMING</li><li>MEMES</li><li>INTERNET OF THINGS</li><li>NFT</li></ul>

<ul><li>Bitcoin</li><li>Ethereum</li><li>Binance</li></ul>

LARGE CAP

<ul><li>Uniswap</li><li>Chainlink</li><li>PancakeSwap</li></ul>

DE-FI

<ul><li>ENJIN</li><li>DECENTRALAND</li><li>WINK</li></ul>

GAMING

<ul><li>DOGE</li><li>SHIBA INU</li><li>SAFEMOON</li></ul>

MEMES

<ul><li>IOTA</li><li>DIGIBYTE</li><li>VECHAIN</li></ul>

INTERNET OF THINGS

<ul><li>CHILIZ</li><li>ORIGIN PROTOCOL</li><li>BAKERY TOKEN</li></ul>

🤓 Understanding the different types of cryptocurrency

Different Types of Cryptocurrencies

The company indicated that transactions should now be cheaper than utilizing the traditional Polygon-Ethereum bridge.<ul><li>Binance has fully integrated the Polygon (MATIC) mainnet onto its platform.</li><li>Binance traders can deposit and withdraw MATIC through their Binance accounts while also interacting with decentralized applications, or DApps, like Sushiswap, Balancer, Aave, and more. </li><li>This integration is meant to ensure that traders can utilize said DApps cheaply and efficiently without using the existing Polygon bridge.</li></ul>

Cheaper Transactions

Binance marks Polygon’s latest integration, as the network has already worked with Huobi and Coinbase Wallet, among others, to the same effect. The scaling solution is supported by various Ethereum-centric services as well, such as Metamask and Infura.

Extra Info

The network gives developers a way to build unique sidechains for all of their DApps, which may provide the necessary growth capabilities for mass adoption .Devs are already taking advantage of those capabilities, too. Recently, Polygon established the gaming-focused Polygon Studios to build decentralized games and harness the power of non-fungible-tokens.

What Is a Cryptocurrency Whitepaper?

What Is Trust Wallet (TWT)? | Binance Academy

Academy Blockchain: Everything you need to know about Blockchain

What Is a Digital Signature? | Binance Academy

Altcoins To Diversify Your Portfolio

CryptoStash