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LEO$8.99+0.26%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 testThe November 2022 failure of FTX and Alameda, a defining custody and fraud event for the industry.
As FTX failed, unexplained large withdrawals moved from the platform, compounding customer losses beyond the insolvency itself.
Investments and token deals tied to FTX that complicated bankrupt estate recovery.
The period when FTX and Alameda heavily backed Solana, then nearly killed confidence when they failed.
Definitions offer a starting point. Detailed readings include the sources behind the explanation.