A centralised exchange where crypto can be bought, sold, and traded, while the overall marketplace this occurs in is managed by a central entity. They often have higher trading volumes and greater security.
Decentralised exchanges do not have a controlling entity, meaning that the power lies completely in the hands of the individual, without any intermediary needed. Smart contracts are used to facilitate the trades.
Any digital assets of crypto are stored in wallets, such as the Concordium wallet. Features of wallets vary, with some offering greater security and others offering faster possibilities to trade.
Staking involves holding your crypto assets for a certain time period.
During this time, they support the operation of the blockchain and receive rewards of more cryptocurrency.
Delegating cryptocurrencies is when the coin holder transfers the responsibilities to a validator.
The tokens are then put to work, with an agreed percentage of the rewards shared between the validator and delegator.
Baking is where crypto assets are used to create network nodes.
It is only possible with a certain amount of assets. As it can be done on a corporate level, it is a good option for companies looking to develop on the blockchain.
Ease of access matters: that’s why our wallet can be used securely from phone, laptop, or computer on any Chromium browser.
Amongst other features, the wallet easily connects to Dapps, manages tokens, and enables baking/delegating.
