07 Apr 2025

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Education

The perfect place for anyone looking to learn about cryptocurrency. From the basics of blockchain technology to advanced investment strategies, The Coinomist provides comprehensive educational content that will enhance your crypto knowledge.

How does staking differ from mining?

How does staking differ from mining?

Staking has been gaining much popularity lately, and even the world’s second cryptocurrency, Ethereum, will soon be unavailable for mining. So, what is the difference between these two cryptocurrency mining options?

Ihor Shulhach
Cryptocurrency burning doesn’t affect the price, and here’s why

Cryptocurrency burning doesn’t affect the price, and here’s why

Token burning is a tool designed to increase the value of an asset. There are fewer coins in circulation, so the price should grow. In reality, it doesn’t work in every case.

Artem Khomenko
What is Play to Earn?

What is Play to Earn?

How about playing games to make money? With P2E, it’s easy. Play to Earn is the most common format of the GameFi sphere. Read the article and find out in which games you can earn NFT and other digital assets.

Yuliia Rokytska
What is a HEX token, and how does it work?

What is a HEX token, and how does it work?

There are many mixed opinions about HEX. Some believe the numbers don’t lie. Some see a clear example of the usual Ponzi scheme. But since its creation, the token is still afloat and has attracted much interest.

Oleksii Haiduchyk
What is a DAO in crypto?

What is a DAO in crypto?

A DAO is a decentralized, autonomous organization that operates on a blockchain using smart contracts. All its members manage it, giving everyone the right to vote on internal issues.

Yuliia Rokytska
Ethereum’s switch to PoS. Pros and cons

Ethereum’s switch to PoS. Pros and cons

Ethereum is scheduled to switch from the Proof-of-Work (PoW) consensus algorithm to the Proof-of-Stake (PoS) algorithm in September 2022. The initiator of this transition was personally Ethereum founder Vitalik Buterin. According to him, the transition to the new algorithm will simplify and scale the mining process.

Ihor Shulhach
What’s a meme coin?

What’s a meme coin?

It’s time to spill the beans: At least once in your lifetime, you have wondered what sort of beast meme coins. And we really can’t blame you as they are fun, tradeable, popular, and Elon Musk-related (a biggie for sure).

Lesia Dubenko
AMP cryptocurrency: utility, benefits for investors, where to buy

AMP cryptocurrency: utility, benefits for investors, where to buy

AMP is a cryptocurrency responsible for fast and secure cryptocurrency payments in various online and offline stores connected to the Flexa network. Read more about the application and other features of the token in our material.

Yuliia Rokytska
What is IEO? Why do many blockchain projects prefer IEO over ICO?

What is IEO? Why do many blockchain projects prefer IEO over ICO?

IEO is an initial exchange offering of coins for the purpose of selling them to investors to attract investments.

Yuliia Rokytska
Blockchain in healthcare

Blockchain in healthcare

Blockchain technology is used in many fields, including medicine. How do healthcare professionals and patients benefit from blockchain platforms?

Kateryna Salnichenko
DeFi pros and cons: considering risks and opportunities

DeFi pros and cons: considering risks and opportunities

DeFi is the innovative analog to the traditional banking sector. In this article, we look at the advantages and disadvantages of decentralized finance from an objective point of view so that you can make an informed decision about the potential of this new field.

Yuliia Rokytska
Who are crypto whales?

Who are crypto whales?

We often see comments like: “It’s all because of the whales” or “We should have watched out for the whales” on the Internet. By analogy with the marine world, it is easy to understand that this is something huge and important. But this is not enough to characterize crypto whales and their impact on the cryptocurrency ocean.

Oleksii Haiduchyk
What is a cryptocurrency wallet, and how to create it?

What is a cryptocurrency wallet, and how to create it?

Each person can achieve financial success by using a smartphone or laptop and having an idea. However, there is a problem: criminals also buy smartphones and generate ideas. To protect your investments, you need to choose the right place or the so-called cryptocurrency wallet to store them.

Oleksii Haiduchyk
What is the Metaverse and how does it work?

What is the Metaverse and how does it work?

Over the past five years, the term “metaverse” has become firmly rooted in people’s minds. It is actively used in the movie industry, games, and blockchain. Some corporations work on creating metaverses, and even states are interested in this phenomenon. So, what is a metaverse, and how does it work within the blockchain?

Ihor Shulhach
What is fud in crypto: explanation of cryptocurrency slang

What is fud in crypto: explanation of cryptocurrency slang

We analyze the meaning of the word FUD in the world of cryptocurrencies, giving illustrative examples. Why is this an important concept which influences the market, and how does it affect traders? Read the article to find out.

Yuliia Rokytska
What is crypto mining and why is it difficult to mine bitcoin?

What is crypto mining and why is it difficult to mine bitcoin?

Mining is the process of getting cryptocurrencies, behind which lies ensuring the blockchain operation. How does mining work? How can you get involved in mining coins without having expensive equipment? And why is it impossible for one person to mine bitcoin?

Yuliia Rokytska
What is a “mempool”?

What is a “mempool”?

When you inform the blockchain that you want to make a transaction, the validators must check its “legitimacy” and confirm it.

Alex Panasenko
Blockchain hard fork: why split the network into two chains?

Blockchain hard fork: why split the network into two chains?

A hard fork is a blockchain code update that splits the network into several independent chains. When is this tool used, what are typical examples of hard forks, and what is a soft fork? Read our new article to get answers to these questions.

Yuliia Rokytska
DeFi Protocols: essential components of decentralized finance

DeFi Protocols: essential components of decentralized finance

DeFi is the industry of the blockchain and cryptocurrency world, with $39.5 billion being blocked. Our article explains what DeFi is, which DeFi protocols exist, and why it is needed.

Yuliia Rokytska
Ethereum 2.0: why is the merger so important, and what to expect from it?

Ethereum 2.0: why is the merger so important, and what to expect from it?

Everyone in the cryptocurrency world has repeatedly encountered this topic, either an experienced investor or a newcomer. Many people have tried to figure it out, but not everyone has succeeded. We will explain the merger in a more accessible language.

Oleksii Haiduchyk
Governance tokens as an integral element of decentralization

Governance tokens as an integral element of decentralization

A governance token is a cryptocurrency that allows you to participate in the life of a decentralized project and influence its future. In this article, we take a detailed look at governance tokens, their significance for the owner, and their disadvantages.

Yuliia Rokytska
How to buy Dogecoin: a step-by-step guide for newcomers

How to buy Dogecoin: a step-by-step guide for newcomers

Dogecoin is an altcoin based on the famous dog meme that conquered the cryptocurrency market in 2021. We explain where to buy Dogecoin and describe two simple ways to buy Dogecoin on one of the most convenient trading platforms.

Yuliia Rokytska
Cryptokitties: A GameFi pioneer review

Cryptokitties: A GameFi pioneer review

The blockchain game CryptoKitties established itself as a GameFi industry pioneer. It was the first to show how NFT can be used in gameplay, what it might look like on the Ethereum blockchain, and what problems users and developers might encounter.

Yuliia Rokytska
What is staking? Passive income in the crypto space

What is staking? Passive income in the crypto space

Staking is an additional earning opportunity for cryptocurrency owners. It facilitates the functioning of the blockchain and, in some cases, provides liquidity. What are the types of staking and how to stake tokens on the exchange?

Yuliia Rokytska
Blockchain in the supply chain management

Blockchain in the supply chain management

Improving supply chains is a pressing challenge for businesses today. The implementation of blockchain will increase their transparency and efficiency, as well as optimize budgets.

Kateryna Salnichenko
Zora Network Reviewed: A Testnet Guide

Zora Network Reviewed: A Testnet Guide

Are sky-high Ethereum fees getting you down? The folks at Zora have come up with an alternative, introducing their Layer 2 solution with lower transaction fees. This article will walk you through how to get involved with the project and earn some rewards.