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An independent reference for crypto and money

Every “what the …?” has an answer.

Understand crypto. See the bigger picture. Decide for yourself. From the first wallet to the forces that move markets, explained without being told what to buy.

No account. No ads. No price signals. Methodology and conflicts of interest are public.

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Four pillars, one path

Learn the concept, do it safely, compare the products, see the context.

Every page is one click from the concept behind it and one click from the action in front of it.

  1. Learn

    What is this, and how does it work?

    • Explainers at three depths
    • A glossary with a short definition for every term
    • Learning paths by entry question
  2. Do

    How do I do this safely and correctly?

    • Setting up a first wallet
    • Writing and checking a backup
    • Crypto and tax in Germany
  3. Choose

    Which product serves my purpose?

    • Wallets, ranked by your weighting
    • Exchanges and the MiCA register
    • How a rating is produced
  4. Context

    What moves this market, and what is the bigger picture?

    • Macro Lens: rates, liquidity, money supply
    • Regulation and CBDC Watch
    • Thesis and counter-thesis

Open WhatTheChain. Understand the concept. Compare the products. See the bigger picture. Decide for yourself.

The guiding idea

Context · Macro Lens

What did 100 buy in the year you were born?

Open the calculator
A wicker basket of carrots, tomatoes and herbs at a market stall

A year from 1800 to 2026.

Up to two decimal places, written with a point: 100 or 49.90.

DM for years up to 2001.

The price index has no published values yet.

Context · Money in everyday life

Money in everyday life

Forms of money on the same questions. We show properties, not opinions.

Open the full matrix
Forms of money against four questions (excerpt)
CashBank depositRetail CBDC in an account (as specified)Stablecoin under your own keyBitcoin under your own keyBitcoin on Lightning, your own wallet
Who can freeze a balanceNot yet sourcedNot yet sourcedNot yet sourcedNot yet sourcedNot yet sourcedNot yet sourced
Offline useNot yet sourcedNot yet sourcedNot yet sourcedNot yet sourcedNot yet sourcedNot yet sourced
Who can see transaction dataNot yet sourcedNot yet sourcedNot yet sourcedNot yet sourcedNot yet sourcedNot yet sourced
Counterparty riskNot yet sourcedNot yet sourcedNot yet sourcedNot yet sourcedNot yet sourcedNot yet sourced

No cell of this excerpt is sourced yet.

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The reader should be able to see why WhatTheChain arrives at a result, and who paid WhatTheChain for what.

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The whole picture, in order, at your own pace.

A self-paced programme built on the free library: from how money works to markets, risk and policy. Every course will be open to read; an exam and a certificate will be optional.

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