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bloXsafe
  • 🕸️Welcome to bloXbook
  • 📚Knowledge Base
    • 🌏Understanding Blockchain
      • What is a Blockchain?
      • What is a blockchain address?
    • 🗝️Understanding Private & Public Keys
      • What is a private key
      • What is a public key?
      • How are Private and Public keys generated?
      • Seed Phrases
        • What is a Seed Phrase?
        • Why to use Seed Phrases
        • How a Seed Phrase works?
        • Types of Seed Phrases
        • The BIP39 Standard
        • Types of Backup
      • Can someone guess my keys?
      • What if I lose my Private Keys or Seed Phrase?
      • What if I lose my public key?
    • 🌱Understanding Send & Receive processes
      • Basic Concept
      • Detailed but Simplified
    • 💰Understanding Wallets
      • What is a Crypto Wallet?
      • Cold vs Hot Wallets
      • Categories of Wallets
      • Why not to use a Hot Wallet?
      • What is a Hardware Wallet?
        • Why Trezor?
        • BitBox02
      • Multi-Sig(nature) Wallets
    • 🧾Understanding Decentralisation & Blockchains.
      • What is Decentralisation in the Blockchain era?
      • Decentralized Network
      • Censorship Resistance and Security
      • Consensus Mechanisms
      • Immutable Ledger
      • Decentralized Applications (dApps)
      • Pros and Cons of a decentralised Blockchain network
      • Pros and Cons of a centralised Blockchain network
      • Hybrid Blockchain Networks
        • Pros and Cons of a hybrid Blockchain network
    • 🧭Understanding Decentralized Autonomous Organizations (DAOs)
    • ⚙️Understanding Decentralised Applications (DApps)?
    • 📔Understanding Smart Contracts
      • Risk associated to Smart Contracts
    • 🔍What is a Blockchain explorer?
  • 💱Understanding Centralised Exchanges (CEX)
    • Why it's not the best place to be?
    • Mitigating the risk of CEXs
    • Why Proof of Reserves says nothing
    • Key ellement of CEXs
  • 💱Understanding Decentralised Exchanges (DEX)
    • What is a DEX
    • Types of DEXs
    • Risk involved using DEXs
  • Understanding coins & tokens
    • Understanding ERC, BRC, TRC, etc
  • 💲Understanding Stablecoins
    • What is a Stablecoin?
    • Main types of Stablecoins
    • What is the risk involved in stablecoins?
    • Mitigating the risk of stablecoins
  • Understanding DeFi
    • Understanding liquidity pools
    • Understanding lending & borrowing protocols
    • Understanding yield farming
    • Understanding oracles
    • Understanding slippage
    • Understanding how DEXs work
      • Understanding AMMs
      • Understanding order book
      • Understanding aggregators
    • Risk involved using DeFi DAPPs
  • 🏄‍♀️Staying Safe
    • Safety
    • Security
    • Privacy
  • Recommendations
    • Recommended Practises
      • First thing to do after you setup your wallet
      • Using VPN Kill Switch
      • Software Updates
    • Recommended Software
      • Wallet Clients
        • Frame Wallet
        • Trezor Suite
        • Metamask
      • Password Managers & 2FA clients
        • Bitwarden
        • KeePass2.x
      • OS
        • Arch Linux
        • Windows without the Bloatware
    • Recommended Services
      • DNS Services
        • Quad9 DNS
        • Mullvad DNS
      • VPN Services
        • Proton VPN
        • Mullvad VPN
      • Mail Sevices
        • Protonmail
        • Tutanota
    • Recommended Hardware
      • Trezor hardware wallet
      • VPN compatible routers
  • How to
    • Transfer funds
    • Trade on DEX
    • Check my balance
  • 👩‍🚀Common Misconceptions
    • Where my coins are stored?
    • Are all Blockchains decentralised?
    • Crypto is a scam
  • ⁉️Answering the most common questions
    • What is FIAT money?
    • What is a commodity?
    • What is blockchain and why is it important?
    • What is Bitcoin and how does it work?
    • How do I buy Bitcoin?
    • Is Bitcoin the only cryptocurrency?
    • What is a wallet and how do I get one?
    • How do I keep my cryptocurrency safe?
    • Can I make money with cryptocurrency?
    • How do I sell cryptocurrency and convert it back to cash?
    • Are there any risks associated with cryptocurrencies?
    • What are altcoins and how do they differ from Bitcoin?
    • How can I learn more about cryptocurrency and blockchain technology?
    • My wallet shows 0 balance! Are my funds lost?
    • What is the KISS concept?
      • Professional Context
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  1. Answering the most common questions

Is Bitcoin the only cryptocurrency?

No, there are thousands of cryptocurrencies besides Bitcoin, known as altcoins. Ethereum, Litecoin, and Ripple are some popular examples.

PreviousHow do I buy Bitcoin?NextWhat is a wallet and how do I get one?

Last updated 1 year ago

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