What is KYC? Know Your Customer Process Explained
KYC stands for Know Your Customer. KYC is a verification process used during transactions to confirm a customer’s identity. This process is done mostly for security and regulatory purposes.
KYC stands for Know Your Customer. KYC is a verification process used during transactions to confirm a customer’s identity. This process is done mostly for security and regulatory purposes.
Smart contracts are often mentioned in conjunction with blockchain. With the advent of blockchain 2.0 (which is when blockchain gained its first use case aside from Bitcoin in 2014), smart contracts have been an invaluable addition to the technology. While highly technical in nature, they do not have to be difficult to understand.
With the rise of cryptocurrency in 2021, the Bitcoin network is growing stronger. As more individuals and institutions continue to adopt Bitcoin and decentralized applications continue to make their way into public, an increasing amount of people…
Put simply, blockchain is data that’s stored and maintained by a decentralized network of computers. This is trustless technology which can radically change the world as we know it, redefining how we deal with data and transfer value. As an…
Blockchain technology is a distributed database or ledger that is shared among the nodes of a computer network.
The blockchain industry is never stagnant, and new projects with innovative technology emerge regularly. One of these new projects is Aptos Foundation – the leading key growth initiative for the Aptos blockchain.
As protocols like Polkadot, Solana, Cardano and Ethereum 2.0 are becoming known names in the crypto community, some might be wondering whether Proof-of-Stake (PoS) is going to bring cryptocurrencies to greater heights in terms of price and..
A DAO, which is short for Decentralized Autonomous Organization, is a term that is often used in the cryptocurrency space but not always widely understood. In short, a DAO is a set of organizational rules that is triggered automatically and removes the need for intermediaries. In this guide, we will give a more detailed explanation of what they are, how they are created, and everything else you need to know about DAOs.
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