CoinMarketCap aims to teach newbies important crypto basics

CoinMarketCap wants to impart basic knowledge about cryptocurrencies in order to further advance the „crypto revolution“.

The crypto information portal CoinMarketCap (CMC) is stretching its feelers in a new direction, namely in the direction of Krytpo formation

CoinMarketCap was founded in 2013 and has since made a name for itself as one of the most important contact points for tracking the price values of Bitcoin Revolution app. The primary intention of the website was and is to build a reliable data source that investors can use for their crypto trading.

From now on, however, CMC no longer only wants to provide pure market data, but rather pursues a holistic approach to conveying information. Accordingly, the platform wants to convey the basics of cryptocurrencies and their trading to newbies in particular.

„Cryptocurrencies are no longer the marginal phenomenon they used to be, but they have not yet fully arrived in the mainstream, but are somewhere in between“, as CoinMarketCap explains to Cointelegraph in this context.

For this reason, we want to use the traffic we have on our site to “fuel the crypto revolution” further, “by providing background knowledge about this new technology to all investors who land on CMC,” said a spokesman .

And further:

“First of all, we want to provide the education that is needed so that even those new to crypto understand the basic concepts that die-hard crypto fans take for granted. It starts with how Bitcoin transactions work and extends to the safe custody of crypto currencies. “

The new teaching platform will be named CMC Alexandria and is reminiscent of the important Alexandria library from the third century BC. Similar to the “universal library”, CoinMarketCap wants to become the most important portal for crypto knowledge.

CMC Alexandria contains a glossary of specific technical terms, articles on the basics, detailed explanations of the technology and a special category for Decentralized Financial Services (DeFi).

When asked why decentralized financial services play such a prominent role in the “library” of CMC, the spokesman replied that encyclopedias should always reflect innovations in order to stay up to date.

„At the moment it seems to be the decentralized financial services,“ said the spokesman. Accordingly, crypto newbies in particular would need a lot of information on the subject in order to understand how the DeFi work.

As previously reported, the market-leading crypto exchange Binance bought CoinMarketCap in April and made personnel changes to the platform’s workforce.