STON.fi: The Ultimate Guide
  • How to use this guide and why stars
  • What is blockchain and cryptocurrency
  • What is DEX and how it works
  • What is a crypto wallet
  • How to create a TON wallet
  • Where to find your wallet address
  • How to connect your TON wallet to STON.fi
  • How to buy TON (Toncoin) in Telegram
  • How to swap (exchange) tokens on STON.fi
  • ★ Transaction parameters: what is price impact, exchange rate, blockchain fee, minimum received
  • ★ What is liquidity pool
  • ★ How to evaluate a liquidity pool (TVL, APR, trading volume)
  • ★ How to provide liquidity on STON.fi
  • ★ How to withdraw funds from a liquidity pool
  • ★ What is farming?
  • ★ How to farm on STON.fi
  • ★ How to withdraw funds from farming
  • ★ How to get referral fees from swaps?
  • ★★ Staking on STON.fi
  • ★★ Liquidity provision, farming, and staking — what's the difference?
  • ★★ Blockchain and DEX fees
  • ★★ Impermanent loss
  • ★★ How to create a new liquidity pool
  • ★★ How to add (import) your own token with a contract address
  • ★★ Liquidity pool types
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What is blockchain and cryptocurrency

Discover the basics of blockchain and cryptocurrency, how STON.fi utilizes blockchain technology, and how digital assets like coins, tokens, and assets work on the platform.

Blockchain is a digital registry, a distributed database, where data is recorded in the form of a chain of blocks. If you conduct operations on the blockchain, your computer or phone also becomes part of this network.

Information in the blockchain is stored in chronological order. For example, every 5 seconds, the TON Blockchain creates a new "block" of information, which not only stores all operations but also has the hash of the previous block. A hash is a set of characters obtained by encryption and uniquely corresponding to the information that was encrypted. Knowing the method by which the information was encrypted, it is very easy to get its hash, but the reverse transformation (from hash to unencrypted information) is extremely difficult and requires enormous computational resources. Since each subsequent block contains the hash of the previous one, in order to tamper with the information in a block, a fraudster would have to decrypt the complex cryptography of the blockchain and rewrite absolutely all blocks throughout the history of the blockchain's existence — and this is impossible (at least, no one has succeeded yet!).

Cryptocurrency is a digital asset that exists on the blockchain. Operations with cryptocurrency are carried out without the involvement of banks and other financial institutions. And all information about transactions is contained in a public registry — on the blockchain.

When you hear "coins," "assets," or "tokens," it usually refers to cryptocurrency.

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Last updated 3 months ago