Crypto Basics
What is Cryptocurrency?
Cryptocurrency is digital money that isn't managed by a central system like a government. Instead, it's based on blockchain technology, with Bitcoin being the most popular one. As digital money continues to gain traction, more people are finding ways to invest, trade, and use crypto in their daily lives.
Understanding Blockchain
At its core, a blockchain is a distributed digital ledger. Imagine a database that is shared across a network of computers. Once a record has been added to the chain it is very difficult to change. To ensure all the copies of the database are the same, the network makes constant checks.
Wallets and Custody
A crypto wallet doesn't actually store your crypto. Instead, it holds the cryptographic keys that allow you to access your crypto on the blockchain. When trading on ETHSLTD, we provide a secure custodial wallet to hold your funds while you trade, ensuring high liquidity and instant execution.