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Crypto Basics
Crypto BasicsWhat is XDC?
XDC Network, started as XinFin, opened its mainnet on 1 June 2019. The sale token was an Ethereum asset called XDCe, swapped one for one. The genesis figure was about 37.5 billion, not the 100 billion in an earlier paper.EasyCryptoGuides · · 2 min read
Crypto BasicsWhat is Cosmos (ATOM)?
The Cosmos Hub opened on 13 March 2019. ATOM pays the Hub’s fees and is the stake. Other chains built with the same software have their own coins. New ATOM is minted. A 2023 vote cut the inflation ceiling from 20 percent to 10.EasyCryptoGuides · · 2 min read
Crypto BasicsWhat is GateToken (GT)?
GT has been live since 2019. Gate says the cumulative burn by October 2026 was about 192 million of the original 300 million. A trading-fee discount is a rule of the exchange account. It is not paid by a chain.EasyCryptoGuides · · 1 min read
Crypto BasicsWhat is Kaia (KAIA)?
Klaytn opened on 27 June 2019. On 29 August 2024 a hard fork renamed it Kaia and turned KLAY into KAIA one for one. The chain id stayed 8217. Finschia’s token was not that automatic rename.EasyCryptoGuides · · 1 min read
Crypto BasicsWhat is Algorand (ALGO)?
Algorand’s mainnet and its first auction opened on 19 June 2019. Every ALGO exists already. Circulation is an unlock schedule, not new mining. Holding the coin does not, by itself, put it to work.EasyCryptoGuides · · 2 min read
Crypto BasicsWhat is Compound (COMP)?
Compound set COMP at 10 million. On 15 June 2020 the protocol started paying it to suppliers and borrowers. About 4.23 million were reserved for users. A cToken is a deposit receipt. It is not COMP.EasyCryptoGuides · · 1 min read
DeFiCompound’s COMP drip is an incentive design, not free yield
About 2,880 COMP a day, split by market interest, half to each side. Governance theatre plus a token you can dump. Smart contracts still do not unwind a confused approval.EasyCryptoGuides · · 1 min readCrypto BasicsWhat is EOS?
The chain opened on 14 June 2018, after a sale that ran for about a year. One billion EOS were created. Ten percent went to the company that wrote the software. You lock EOS for capacity. You buy RAM. Neither is a dividend.EasyCryptoGuides · · 2 min read
Crypto BasicsWhat is VeChain (VET)?
VeChainThor opened on 30 June 2018. Holding VET is not what pays for a transaction. The fee token is VTHO, and the nodes that produce blocks are a whitelist, not an open mine.EasyCryptoGuides · · 2 min readCrypto BasicsWhat is Polygon (POL)?
Polygon PoS opened in 2020 as Matic. On 4 September 2024 POL replaced MATIC as the native coin, one for one. MATIC left on Ethereum did not convert by itself. The chain checkpoints to Ethereum and is not Ethereum.EasyCryptoGuides · · 2 min read
Crypto Basics