It is important to know what you are dealing with in the world of cryptos. One has to be a mathematician, economist, engineer, programmer, etc. at once to know and understand it all, however, some general knowledge is better than nothing. Investing in a coin/token, expecting TO THE MOON just because others were lucky is a highway to financial trouble.
Considering the questions our readers ask, we realised that we did not take time to explain some basics at the start of this project. While we talk about exchanges and (will) talk about trading strategies (for educational/entertainment purposes), we get questions such as “what is a wallet”. We discuss a project which uses the ERC20 protocol, while readers send emails asking why can’t they receive ether in their bitcoin “account”
We do not intend on creating a wiki, but we will do our best to explain some terms.