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Crypto Basics

Guides about Crypto Basics, written in plain language.

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Showing 85–96 of 131

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What 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 · 10 Jun 2020 · 2 min read

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What 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 · 3 Jun 2020 · 2 min read

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What is KuCoin Token (KCS)?

KCS launched in 2017 as an ERC-20 with a stated supply of 200 million. KuCoin pays a trading-fee bonus to KCS sitting on the exchange. Ethereum KCS is not the gas coin of a KuCoin chain.EasyCryptoGuides · 27 May 2020 · 2 min read

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What is Ethereum Classic (ETC)?

On 20 July 2016 Ethereum rewrote history to undo The DAO. Miners who kept the original ledger were named Ethereum Classic. ETC is that chain. It did not move to proof of stake.EasyCryptoGuides · 20 May 2020 · 2 min read

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What is Cronos (CRO)?

CRO started as an exchange token. Crypto.org Chain opened in March 2021 and the Cronos EVM chain in November 2021. Ethereum CRO, native CRO, and the EVM coin share a ticker and not an address.EasyCryptoGuides · 18 May 2020 · 2 min read

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What is OKB?

OKB started as a fee-discount token for the OKX exchange. In August 2025 the company burned treasury and buyback tokens and set the supply at 21 million. X Layer, an Ethereum layer 2, uses OKB for fees.EasyCryptoGuides · 11 May 2020 · 2 min read

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What is PAX Gold (PAXG)?

PAX Gold launched on 5 September 2019. Paxos says each PAXG is allocated to one fine troy ounce of a London Good Delivery bar. You redeem through the company. A transfer does not collect the metal.EasyCryptoGuides · 6 May 2020 · 2 min read

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What is Tether Gold (XAUt)?

Tether Gold launched in January 2020. TG Commodities says each XAUt is a claim on one fine troy ounce of a specific London Good Delivery bar. You redeem through the company, not by sending the token to a vault.EasyCryptoGuides · 30 Apr 2020 · 2 min read

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What is UNUS SED LEO?

LEO is a token iFinex sold in May 2019. One billion were issued, on Ethereum and on EOS. Holding it can cut Bitfinex fees. The burn is a company promise, published on the company’s own page.EasyCryptoGuides · 29 Apr 2020 · 2 min read

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What is BNB?

BNB started in 2017 as a token Binance sold for fee discounts. It is the gas on BNB Smart Chain, an EVM chain with a small validator set. A bnb1 address is a retired chain.EasyCryptoGuides · 28 Apr 2020 · 4 min read

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What is Zcash (ZEC)?

Zcash lets you send in the open or in a shielded pool. The cap is 21 million ZEC. Since the 2024 halving the subsidy is 1.5625 ZEC, and a slice of that is kept for grants and a fund, not paid to the miner.EasyCryptoGuides · 27 Apr 2020 · 3 min read

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What is Chainlink (LINK)?

LINK is the asset of the Chainlink network. Blockchains cannot see a market price on their own. Chainlink’s operators fetch it and sign it. LINK pays them. A wrong feed is still possible.EasyCryptoGuides · 26 Apr 2020 · 4 min read

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