LEDGER STAX

Using a hardware wallet on the go is difficult and cumbersome - until now.

Ledger’s latest innovation, the Ledger Stax, is a credit card-sized hardware wallet complete with touchscreen and Bluetooth capabilities.

Did we mention it’s designed by Tony Fadell, the creator of Apple’s original iPod?

Level 1: Very Easy

1. Blockchain
A chain of blocks that stores information/transactions.

2. Altcoin
Every coin is created after Bitcoin.

3. Stablecoin
A cryptocurrency pegged 1:1 to the price of a fiat currency.

Level 2: Easy

1. Whale
A person who holds a lot of cryptos. Holding large amounts of crypto gives whales the ability to affect market prices.

2. Gas
The unit of measurement of the computing energy required to process a transaction on the blockchain.

3. Staking
The process of locking up crypto holdings to obtain rewards or earn interest.

Level 3: Medium

1. DeFi (Decentralized Finance)
Financial services are built on the blockchain. Unlike traditional finance, DeFi is anonymous, trustless, and fast.

2. dApp (Decentralized Application)
A program built on the blockchain and uses smart contracts to provide anonymous and trustless services to its users.

3. DAO (Decentralized Autonomous Organization)
A business or institution which uses smart contracts to ensure fairness and decentralization when it comes to making decisions.

Level 4: Hard

1. NFT
A non-interchangeable digital asset such as a picture, song, or video whose ownership has been authenticated and stored on the blockchain

2. Hard Fork
A new software update implemented on a blockchain that isn’t compatible with the existing blockchain protocol, causing a permanent split into two separate networks that run in parallel.

3. Soft Fork
Changes applied to a blockchain for modifying or adding functionality without causing any fundamental structural change.

I hope this was helpful!

Thank you for reading!

Let’s bust some more in next article.