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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
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Shown forGuides, taxes and local law

An independent reference for crypto and money
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.
Photo: Annie Spratt (Unsplash License)
Four pillars, one path
Every page is one click from the concept behind it and one click from the action in front of it.

What is this, and how does it work?

How do I do this safely and correctly?

Which product serves my purpose?

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

Open WhatTheChain. Understand the concept. Compare the products. See the bigger picture. Decide for yourself.
Context · Macro Lens

The price index has no published values yet.
Context · Money in everyday life
Forms of money on the same questions. We show properties, not opinions.
| Cash | Bank deposit | Retail CBDC in an account (as specified) | Stablecoin under your own key | Bitcoin under your own key | Bitcoin on Lightning, your own wallet | |
|---|---|---|---|---|---|---|
| Who can freeze a balance | Not yet sourced | Not yet sourced | Not yet sourced | Not yet sourced | Not yet sourced | Not yet sourced |
| Offline use | Not yet sourced | Not yet sourced | Not yet sourced | Not yet sourced | Not yet sourced | Not yet sourced |
| Who can see transaction data | Not yet sourced | Not yet sourced | Not yet sourced | Not yet sourced | Not yet sourced | Not yet sourced |
| Counterparty risk | Not yet sourced | Not yet sourced | Not yet sourced | Not yet sourced | Not yet sourced | Not yet sourced |
No cell of this excerpt is sourced yet.

How we stay independent
The reader should be able to see why WhatTheChain arrives at a result, and who paid WhatTheChain for what.
No paid placement, verification, prioritisation or visibility of any kind. The ranking code has no access to commercial data.
In plain text beside the link, in every language, saying that WhatTheChain may receive a commission.
A product is rated whether or not its maker is a partner, with the same detail, in the same list, by the same sort.
No provider, partner or payer sees a rating or a change before it is published, including in a dispute.

WhatTheChain Academy
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.
In preparation: the Academy opens later.

Newsletter
One glossary term, one chart, three sentences. No market commentary, no forecast.