What is BUIDLing and 7 Ways to Contribute to the Crypto Ecosystem
Cryptocurrencies have gained a lot of attention in recent years, and much of the focus has been on their potential as investments. But there is far more to cryptocurrencies than just buying and selling them. Cryptocurrencies are part of an entirely new ecosystem which requires active participation from users if it’s going to thrive. This […]
TPS – Transactions Per Second – The modern metric of blockchain speed
Are you curious to find out what makes a blockchain faster? Transactions per second, or ‘TPS’, is the modern metric used to determine the speed of a blockchain. This term has exploded in popularity in recent years thanks to leaps and bounds made with technology – today TPSis critical for cryptocurrency networks trying to gain […]
Forced liquidation – crypto traders nightmare
Forced liquidation is a trader’s worst nightmare. It is the process of automatically closing a margin position when it reaches a certain price point, known as the liquidation price. This is a safety measure put in place to protect traders from incurring massive losses. When a trader opens a margin position, they are required to […]
Block Explorer – Peeking through the modern ledger
Block explorers are a modern tool that allow users to peek into the ledger of transactions on a blockchain. They provide real-time insights into the state of a blockchain, allowing users to track the progress of transactions and more. Block explorers are an essential part of the blockchain ecosystem, as they allow users to view […]
Hash Rate and Bitcoin Mining: Everything You Need to Know
Hash rate is an important metric to consider when discussing Bitcoin mining. It is the measure of a miner’s computational power, and is used to determine the difficulty of mining a block. Put simply, the higher the hash rate, the more miners are competing for the same block and the harder it is to mine […]
Genesis Block in Blockchain: Candy Rewards
The Bitcoin genesis block is the first block in the blockchain and is the foundation of the cryptocurrency. It was created in 2009 when the Bitcoin network was first launched. The genesis block contains the first transaction ever made on the Bitcoin network and is the starting point for all subsequent transactions. The genesis block […]
BEP-2 Binance Chain Token Standard
BEP-2 is the native token standard of the Binance Chain, a blockchain developed by Binance. It is the base asset for all other tokens issued on the Binance Chain and is used to pay for transaction fees on the Binance DEX. BEP-2 tokens are stored in wallets on the Binance Chain, and users can transfer […]
Store of Value – Digital Assets – Bitcoin
Digital assets, such as Bitcoin, are becoming increasingly popular as a store of value. Bitcoin, in particular, is a decentralized digital asset that is revolutionizing the way people think about and use money. It has the potential to provide a safe and secure store of value with its low transaction costs, fast transactions, and global […]