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Crypto Basics

Guides about Crypto Basics, written in plain language.

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What is Filecoin (FIL)?

Filecoin’s mainnet opened on 15 October 2020. The ceiling is 2 billion FIL. You hire a storage provider with a deal that expires. Retrieving the file is a second deal. The disk is still someone else’s.EasyCryptoGuides · 19 Oct 2020 · 2 min read

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What is NEAR?

NEAR is a sharded proof-of-stake network. The coin is also called NEAR. Accounts can be names like alice.near. A name is not an Ethereum address, and a locked token can still be staked.EasyCryptoGuides · 15 Oct 2020 · 3 min read

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What is Flow (FLOW)?

Flow’s beta opened in May 2020. The public token sale closed in early October 2020. Genesis created 1.25 billion FLOW, locked at first. NBA Top Shot is an app on the chain. The highlight you bought is not the token.EasyCryptoGuides · 9 Oct 2020 · 1 min read

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What is Aave (AAVE)?

Aave is a lending protocol on Ethereum and other chains. You deposit into a pool and borrow against collateral. AAVE votes and can backstop a shortfall. The token you deposited is still that token.EasyCryptoGuides · 8 Oct 2020 · 3 min read

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What is PancakeSwap (CAKE)?

PancakeSwap opened in September 2020. It is an automated market maker, not a chain. CAKE started with no cap. A January 2026 vote put the cap at 400 million. Farms still mint. Fees still burn.EasyCryptoGuides · 30 Sept 2020 · 2 min read

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What is Akash (AKT)?

Akash mainnet opened on 25 September 2020. Genesis created 100 million AKT, and 2.8 million of them were unlocked. Staking rewards mint more. A leased computer is not the token.EasyCryptoGuides · 26 Sept 2020 · 1 min read

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What is Avalanche (AVAX)?

Avalanche’s primary network is the C-Chain, the X-Chain, and the P-Chain. AVAX pays fees and is the stake. A 0x address on the C-Chain will not arrive on Ethereum. Subnets are now called L1s.EasyCryptoGuides · 25 Sept 2020 · 2 min read

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What is Uniswap (UNI)?

Uniswap is software on Ethereum that trades one token for another out of a pool. UNI is the token that votes on that software. A 2020 airdrop is over. Since December 2025, fees on v2 and v3 are used to burn UNI.EasyCryptoGuides · 18 Sept 2020 · 3 min read

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What is Tezos (XTZ)?

Tezos mainnet opened on 17 September 2018, after a betanet in June. Bakers produce blocks. You can delegate without handing over the coins. A passed vote changes the protocol on the same chain.EasyCryptoGuides · 17 Sept 2020 · 2 min read

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What is MultiversX (EGLD)?

Elrond’s mainnet opened on 30 July 2020. From 3 September, 1,000 ERD became 1 EGLD. The paper ceiling is 31,415,927. In November 2022 the chain was renamed MultiversX. The ticker stayed.EasyCryptoGuides · 4 Sept 2020 · 1 min read

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What is SUN?

SUN genesis mining started on 2 September 2020. The whitepaper set the supply at 19,900,730. In May 2021 one old coin became 1,000 new ones. The token is not TRX, and the old unit is named SUNOLD.EasyCryptoGuides · 3 Sept 2020 · 1 min read

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What is TrueUSD (TUSD)?

TrustToken’s timeline puts the launch in March 2018. TUSD is minted and redeemed by a company, not by a chain. The SEC’s 2024 complaint alleged the reserves were not the cash the marketing described.EasyCryptoGuides · 2 Sept 2020 · 2 min read

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