Mining Bitcoin and other cryptocurrencies has grown from something individuals could do in their basements, through a phase when it was something akin to a cottage industry, into an increasingly centralized sector of the economy. It has become an expensive endeavor, requiring specialized hardware and it continues to be incredibly energy-intensive.
Crypto Basics
In a phishing attack, hackers try to gain access to your account and your crypto funds by impersonating an official email or web page. Here is advice for safeguarding your account against these ingenious and increasingly common attacks.
We’ve all heard that we’re living through the crypto revolution – but what does that really mean? What is a cryptocurrency anyway? How does cryptocurrency work? And what are the reasons for anyone to invest in them?
Uniswap is a decentralized crypto exchange consisting of smart contracts running on the Ethereum blockchain. Uniswap uses an automated protocol to create liquidity pools that allow users to swap cryptos without a central broker.
Built using the Bitcoin codebase, Zcash uses cryptography to provide enhanced privacy for users compared to BTC and other cryptos. The Zcash Foundation's goal is to protect users’ privacy through encryption and other safeguards.
Serum is part of a serious attempt to change the world by streamlining the way cryptocurrencies are traded and spent. It's part of an idealistic, ambitious ecosystem project headed by one of the crypto world’s youngest billionaires.
Qtum combines the security of Bitcoin with the flexibility and smart contracts of Ethereum, resulting in a hybrid blockchain that delivers the best of both worlds while employing an efficient Proof of Stake consensus mechanism. QTUM is the Qtum blockchain's native coin.
When you’re ready to start building a portfolio, you’ll need funds so you can purchase crypto coins and tokens. To fund these transactions, you instruct your bank to make a wire transfer to your Kriptomat account. Here's how it is done.
Suppose you wanted to make crypto transactions based on changes in the price of gold. The smart contract for your app would be simple to write except for one thing: Gold isn't on the blockchain. Your app can't access or verify the price.
The need for cross-chain liquidity and reliable and prompt exchanging of multiple assets is increasing with the development of decentralized finance and DeFi products and services. THORChain is one of the DeFi projects that offer immutability and multi-chain exchanging of various cryptocurrencies without wrapping.
Have you ever asked yourself why there are so many different cryptocurrencies out there with new ones being made all the time? Well, one answer is that many of them are trying to address the shortcomings of Bitcoin. BTC may be the most secure blockchain out there but it simply can’t handle many features like privacy and smart contract functionality.
People say blockchain technology is highly secure, but the news is full of stories about scams, hacks, and security breaches that result in millions of euros in losses. What’s the truth about blockchains? How can you keep your crypto secure?