What is a Crypto Mining Rig? A crypto mining rig is a computer system specifically designed and optimized for the purpose of mining cryptocurrency. Mining involves using computational power to solve complex mathematical equations in order to verify and process transactions on a blockchain network. Mining rigs typically consist of multiple high-performance graphics processing units…
Before looking at what are Decentralized Exchanges (DEXs), we shall discuss what an “Exchange” and “Decentralized Finance (DeFi)” are. What is an Exchange? An exchange is a platform or marketplace where individuals, businesses, or institutions can buy and sell various assets, such as stocks, bonds, currencies, commodities, and cryptocurrencies. The purpose of an exchange is…
It is indisputable that the financial markets thrive due to the existence of various instruments that can raise capital, guarantee supplies, and, obviously, a lot of credit. Even though some individuals may believe that the financial markets generate extremely high profits, this fact cannot be refuted. Trading derivatives, which derives its value from an underlying…
Undoubtedly, Ethereum and Bitcoin are two famous cryptocurrencies that have gained great traction over the past few years. Consider these two cryptocurrencies and Pepsi and coca cola of the crypto world. Although many believe these two assets are competitors, the truth must be clarified. In 2009 Bitcoin laid its step in the cryptosystem and has…
Bitcoin ATMs (Automated Teller Machines) are also termed BTMs (Bitcoin Teller Machines). These machines are useful when a user wants to avoid using the traditional method of cashing out their Bitcoin by selling it against a fiat currency. Because of the increased trust of people in Bitcoin and other cryptocurrencies around the globe, the use…
The act of buying and selling securities within a very short time to mislead other traders regarding the liquidity or price of those securities is called wash trading. While wash trading had been effectively banned in the securities market, the crypto market had yet to catch up with the regulations, and wash trading is still…
Cloud mining is currently being used as an alternative to regular cryptocurrency mining; in which the miner directly uses cryptocurrency mining hardware to mine new crypto. Cloud mining is a good choice for those people who have little to no technical knowledge of mining hardware, live in countries where crypto mining is considered illegal, and…
Introduction As a result of complicated language and concepts in the cryptocurrency industry, the phrases “coins” and “tokens” are often confused with one another and thought to refer to the same thing. Despite the fact that they are both units of cryptocurrency, “coins” and “tokens” are indeed two distinct things with two entirely different uses…
Most of the tokens in the cryptocurrency market have their Wrapped version. For example, Wrapped Ethereum (WETH) and Wrapped Bitcoin (WBTC) are available on many crypto exchanges. These tokens are termed Wrapped Tokens. Wrapped Tokens are just like any other cryptocurrency, but they’re on another blockchain as compared to their parent token’s blockchain. Wrapped Tokens…
Cardano was developed as the twin blockchain of Ethereum and had the main purpose of making distributed ledger technology possible. The blockchain is also used as a medium of exchange. With the help of Cardano, implementing cross-chain compatibility and smart contracts has become a lot easier. Since there are lots of different blockchains available in…
Since the dawn of investment, people have been extremely cautious of where they put their money and how it behaves under a critical or hard environment, such as in times of inflation. The very purpose of investment is to make sure that once finance or money is not depreciating in value but sustaining its present…
Introduction Bitcoin is the first ever decentralized blockchain in the world. Most people take Bitcoin for a simple online transaction program. However, Bitcoin was designed as an alternative to the centralized fiat currency system. Therefore, it contains several economic control features to ensure that it is a viable solution to replace the government-issued paperback as…
Introduction Cryptocurrencies were first introduced as an alternative to fiat currency-based economics. There are many issues related to the fiat currency economy such as the money supply that makes the case for cryptocurrency applications. To improve the cryptocurrencies, the developers have ingrained some important features in the blockchain such as Token Burning. This article is…
For innumerable cryptocurrency enthusiasts across the world, the meteoric growth in value of some of the most renowned cryptocurrencies like Bitcoin over the course of the previous few decades has emerged as one of the largest and most notable developments. If you are a crypto enthusiast, I am certain you know how Bitcoin’s valuation has…