Cryptocurrency Account

Ethereum is a decentralised blockchain platform renowned for its smart contract functionality. Ether, the native cryptocurrency of Ethereum, ranks second-largest in market capitalisation, trailing only behind Bitcoin. This open-source software—conceptualised in 2013 by programmer Vitalik Buter...

A Layer-2 refers to any off-chain network, system, or technology built on top of a blockchain (commonly known as a layer-1 network) that helps extend the capabilities of the underlying base layer network. Layer-2 networks can support any blockchain to introduce enhancements such as lower fees and al...

Cardano is a public, open-source blockchain platform, decentralised and utilising proof of stake for consensus. Its native cryptocurrency, ADA, enables peer-to-peer transactions. The development of Cardano commenced in 2015, led by Charles Hoskinson, a co-founder of Ethereum.If you require assistanc...

Cardano is a public blockchain platform, while ADA is its native cryptocurrency. If you require assistance, please reach out to us via in-app chat or email support@xapo.com. We would be happy to help....

ADA is one of the most popular cryptocurrencies and can be purchased at most crypto exchanges. Xapo Bank is the first regulated bank in the world to offer access to buy, hold and sell Cardano’s native cryptocurrency, ADA.If you require assistance, please reach out to us via in-app chat or emai...

While many banks globally express concern over the increasing popularity of cryptocurrencies, some, like Xapo Bank, have adopted a more embracing approach and consider the huge potential that cryptocurrencies offer. Xapo Bank is committed to offering its members safe and well-considered exposure to ...

Most banks around the globe are very hesitant when it comes to cryptocurrencies, either limiting or even blocking the transactions associated with crypto companies. Buying cryptocurrencies directly from a bank is a very challenging operation for the common people and often requires filing papers and...

Proof of work and proof of stake are the two primary consensus mechanisms cryptocurrencies use to verify new blockchain transactions.Proof of work, first pioneered by Bitcoin, uses mining to achieve those goals. The reason it’s called “proof of work” is because the network requires...

A Layer-2 refers to any off-chain network, system, or technology built on top of a blockchain (commonly known as a layer-1 network) that helps extend the capabilities of the underlying base layer network.The first Layer 1 blockchain network was Bitcoin. Layer 1 network requires each transaction to b...

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