Reading Time: < 1 minuteBitcoin price in the wake of Thursday, lost almost $3K, 10% of its value. The plunge touted the sharpest sell out began from the early morning of Thursday. However, it rebounded from below $!7K to slightly above $17K within a few hours. What is so unclear is what led to the sudden loss. Analysts had diverse […]
Reading Time: 2 minutesFirst, let’s emphasize that Ethereum does not currently support staking. However, the launch of deposit contracts enabled users to state, validate, and earn Ethereum thanks to the Ethereum 2.0 proof of stake consensus mechanism. Before diving deeper, a few things needs to be further explained. What is Proof of stake? Proof of stake is a […]
Reading Time: 2 minutesWhat Is Stablecoin? Stablecoins are cryptocurrencies designed to minimize the volatility of traditional digital currencies like Bitcoin, Ethereum, Litecoin, etc. These stablecoins mimic the value of fiat currencies like the Euro, Dollar, Yen, etc. Stablecoins allow users to quickly and cheaply transfer value across the world while maintaining price stability. It is interesting to note that […]
Reading Time: 2 minutesWe cannot discuss cryptocurrency storage without talking about cryptocurrency wallets. This brings us to the two types of wallets; have cold wallets and hot wallets. This article shall explore the difference between these two wallets and which one suits you better. Before we delve into cold storage wallets and hot storage wallets, do you know […]
Reading Time: 2 minutesOne of the limitations of blockchain is scalability. Concurrently, Lightning Network is one of the measures of solving it. For cryptos like Bitcoin and Ethereum, scalability has bedeviled the transaction process. When compared to traditional transaction systems like VISA, PayPal, and MasterCard, cryptos are still far behind. To put things in perspective, VISA executes about […]
Reading Time: 2 minutesOne of the hurdles of cryptocurrency adoption is exchangeability. Better put, how to exchange one crypto asset for another. Over the years, the crypto space has successfully passed the stage. The question is whose domain is the exchanges. Hence, the topic: centralized and centralized exchange comes to mind. As demanding as the difference between centralized […]
Reading Time: 5 minutesDecentralized exchanges seem to spring up whenever we have a hacked exchange. The considerable number of DEXes has made it challenging to find the best one to conduct your trading. All decentralized exchanges seek to execute the same task carried out by centralized exchanges. However, the major difference is that DEXes have no central authority, […]
Reading Time: 4 minutesThe smart contract was invented in 1994 by cryptographer, Nick Szabo. Szabo realized that the decentralized ledger could serve as smart contracts or self-executing contracts. In this way, contracts could be converted to computer codes and stored and replicated on the system. However, these codes are supervised by the network of computers that control the […]
Reading Time: 4 minutesAre you looking for a guide on how to use Uniswap? If your answer is yes, then this article is for you. Before we go further, let’s explain this platform. It is a liquidity pool protocol for an automated token exchange on the Ethereum Blockchain network. The popularity of Uniswap was made more pronounced due […]
Reading Time: 2 minutesIt seems the days of ICO, IEO, and STO are facing out. Therefore, IDO, Initial Dex Offering, is the game-changer, but what is it? Before defining IDO, we must first grasp the basic understanding of ICO IEO, and STO. ICO, Initial Coin Offering, is a method of raising funds, pioneered in 2017. The avenue opened […]
