BTC$85,951+1.62%
ETH$2,741+0.41%
USDT$0.9997-0.01%
BNB$787.26+0.46%
XRP$1.54+4.08%
USDC$1.00+0.01%
SOL$117.30+1.02%
TRX$0.3486+1.27%TRX$0.3488+1.28%
ZEC$1,505-0.31%
FIGR_HELOC$1.01—
STETH$2,739+0.15%
HYPE$94.89-0.90%
XMR$568.50-2.65%
WBT$86.54+0.56%
WBTC$85,885+1.53%
LINK$12.96-0.27%
WSTETH$3,405+1.29%
RAIN$0.0136-3.60%
WBETH$3,030+0.32%
USDS$1.00+0.01%
WETH$2,746+2.00%
ADA$0.2487+3.62%
LEO$8.99+0.25%From your first block to the finer details. Explore the ideas, people, and systems behind the market—one useful explanation at a time.
Follow a transaction from a key to a shared ledger.
Begin with BlockchainExplore contracts, liquidity, borrowing and the risks between them.
Begin with Smart contractUnderstand what a price, valuation or sentiment indicator can tell you.
Begin with Market capitalizationLearn custody, permissions and how to assess what you sign.
Begin with Hardware walletConnect the original ideas to the incidents that changed the industry.
Begin with A Cypherpunk's ManifestoSeparate technical standards, issuer claims and legal frameworks.
Begin with Howey testChina's central bank and the issuer of the digital yuan.
The postwar habit of invoicing oil in dollars, the backdrop for petroyuan and de-dollarization talk.
The idea of invoicing oil in yuan instead of dollars. A geopolitical narrative more than a single product.
Brazil's instant-payment system, often cited in BRICS and CBDC conversations as a public rail.
A BIS-led exploration of cross-border payments using tokenized commercial-bank deposits and central-bank money on a shared programmable platform.
A BIS Innovation Hub experiment on a shared platform for cross-border settlement using multiple central-bank digital currencies.
A multi-CBDC cross-border payment project developed with central-bank partners; the BIS announced its handover to those partners in October 2024.
A BIS initiative to connect domestic instant payment systems through a standardized model for cross-border payments.
Definitions offer a starting point. Detailed readings include the sources behind the explanation.