WCI Guide

The World Crypto Index guide is a complete resource for learning about cryptocurrencies and blockchain technology. These articles focus on the educational dynamic of cryptos. Through our guide, we aim to break down all of the technical aspects and inner-workings of cryptocurrencies into their simplest form. From buying and selling to storing and protecting, the WCI guide articles are designed to keep you as informed as possible when dealing in cryptocurrencies. There is no doubt that cryptos can be very intimidating at the start, but we will help point you in the right direction.

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Cryptocurrency Guide

Storage and Security Guide

Bitcoin Guide

Crypto Exchange Guide

Blockchain Guide

Ethereum and Smart Contracts Guide

ICO Guide

Gambling with Cryptocurrencies

Cryptocurrencies and the Blockchain

Cryptocurrencies are built using advanced forms of mathematics and science, through a practice known as cryptography. This can make it overwhelming and confusing when you start to dip your toes into cryptos for the first time. The technology behind cryptocurrencies may be complex, but using them and understanding the basics of how they work can be quite easy if you put in the time in to do so through resources like our guide.

Decentralized blockchains are what drive most cryptocurrencies and enable them to work effectively. The blockchain is simply a public ledger that records all of the transactions ever made on a cryptocurrency’s network. On most blockchains, the specific details and information for each transaction is encrypted. This allows for pseudonymous, or in some cases, fully anonymous digital transactions. Without the blockchain, all cryptocurrencies – including Bitcoin – would not work.

Smart Contracts

Smart contracts were first conceptualized in the early 1990’s, but are still a rather new development in blockchain technology. They were not really brought to the forefront of the crypto world until the Ethereum platform was launched in 2015 by Vitalik Buterin. Today, smart contracts are slowly but surely making their way into the mainstream world of finance and business. There are many advantages to using smart contracts with cryptocurrencies, including the ability to autonomously execute digital transactions between two or more parties.

Ethereum is certainly the most popular cryptocurrency that supports smart contracts, and there are new tokens being built on its platform all the time. Some cryptocurrencies even have their own smart contract functionality, so understanding the inner-workings of smart contracts and how they work will do you well if you are interested in the crypto market.