In a nutshell… Income is the money you make. It comes in two categories: Active Income: money earned through work or effort Passive Income: money earned through investment, saving, and residual income streams from previous work (such as the royalties an artist received from the use of their work) Tax and inflation will…

In a nutshell… Crypto currency is a digital form of currency that is by its very nature trustless, decentralized and makes verified transactions publicly visible to all users. Crypto currency offers an alternative to fiat currency: the traditional way of banking, and has been designed to overcome drawbacks associated with fiat transactions.

In a nutshell Digital currency might seem like a modern innovation, especially compared with the cash you can carry around in your wallet or purse but the vast majority of all money is actually digital. Only 8% of the world’s money exists in the physical world as coins and notes, with the rest…

In a nutshell… Fiat currency is considered the traditional way of storing value via government and bank-issued money. Fiat currency is a poor store of value as it is subject to inflation, so its value goes down over time. Fiat currency is generated through transactions and promises to pay, with…

In a nutshell The age of the wider crypto economy is well and truly here. After some reluctance and pushbacks, many nations and trading blocs have finally accepted the inevitable and are now pondering how they’re going integrate digital currencies and blockchain technology into their wider economies. While the major players and hard…

In a nutshell Non-fungible tokens (or NFTs for short) offer a way to record and represent something unique on a blockchain. Smart contracts can be used to create instances of NFTs and determine the ownership of certain items, digital or physical, along with an immutable stored record. The Basics NFTs, an acronym for “non-fungible tokens”…

In a nutshell… Blockchains are a transparent way of keeping a database of records. Blockchains have wide applications outside of financial purposes because they keep automatic records of different digital events (like a check-in at a hotel, or the transportation of goods, or a healthcare check-up, etc.) Blockchain is important because it is: …

Use Cases If you’ve read Part 1 of our articles on Smart Contracts, you’ll have a thorough grounding of what conceptually underpins how they work. …

In a nutshell Smart Contracts use blockchain technology to create contracts that “enforce themselves”. That is to say, smart contracts can be programmed to come into effect when different conditions are fulfilled. These include automatic transactions for hitting targets or confirming agreements between potentially anonymous parties. One feature of these “trustless” agreements that…