Next Frontier 9

Next F9

Nine stories. What changed. Why it matters.

Crypto

Blockchains, stablecoins and the tools used to hold and move digital assets.

Illustration of a stack of coins moving into a locked validator box that pays out a reward coin.
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What Is Staking in Crypto? Rewards, Risks and Ways to Stake

Staking locks coins to secure a proof-of-stake blockchain. How rewards, slashing, pools and unstaking work.

A browser window sends a request to a hardware wallet with a key icon, which returns a signed document with a check mark
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What Is a Hardware Wallet? How It Protects Your Crypto Keys

A hardware wallet keeps your crypto keys on a separate device and signs transactions there.

A phone wallet holding tokens and a key, linked through a spending-limit gauge to a payment card tapped on a terminal
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Self-Custody Crypto Cards: How Spending From Your Wallet Works

A self-custody crypto card spends tokens from your own wallet. See how approvals, conversion, fees and KYC work.

Illustration of a parachute dropping a coin into a wallet, next to a decoy parachute carrying a warning crate on a hook
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What Is a Crypto Airdrop? How Free Token Drops Work

How crypto airdrops send free tokens to wallets, how snapshots and claims work, and how fake airdrops drain wallets.

A coin heading into a vending-machine-style program with a code screen, releasing a token, linked to a group of chained blocks.
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What Is a Smart Contract? How Blockchain Programs Work

A smart contract is a blockchain program that runs exactly as written. How it works and where it fails.

A recovery sheet of word slots pointing to a key that branches into three wallet accounts.
crypto ·

What Is a Seed Phrase? How Recovery Words Control a Wallet

A seed phrase is the 12 to 24 words that can rebuild a self-custody wallet. How it works and how to keep it safe.

Why the Same Token Can Exist on Several Networks — conceptual diagram
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Why the Same Token Can Exist on Several Networks

A token's ticker is not enough: the network and contract determine which asset you are sending.

Stablecoins Explained: What Keeps a Digital Dollar Worth a Dollar? — conceptual diagram
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Stablecoins Explained: What Keeps a Digital Dollar Worth a Dollar?

Reserves, redemption and market liquidity help explain whether a stablecoin can hold its target price.

What a Crypto Wallet Actually Stores — conceptual diagram
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What a Crypto Wallet Actually Stores

A wallet manages keys and permissions; the assets themselves are recorded on a network.

Crypto explainers on Next F9 cover the mechanics behind digital assets: what a crypto wallet actually stores when the assets are recorded on a network, how reserves, redemption and liquidity keep a stablecoin worth a dollar, and why the same token can exist on several networks. For dated developments, read Crypto news or visit the Crypto desk.

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