What period of cryptocurrencies are we in? When analysing what is happening in the world of cryptocurrencies, it is hard to know what stage we are at, what period we are in. Some say that this is just the beginning of cryptocurrencies and others say that nothing new can be invented anymore. We are living in strange times. We live in times where some billionaire writing about a cryptocurrency raises its price 100 times. And in principle no one would be moved by this if it…
@nervi in May 2021
How much should you invest in cryptocurrencies? Recently, I've been spending some time on matters related to cryptocurrency investment. Now I'm going to lean into the topic about the specific amount we should spend on our first and next investment. I'm not going to throw a specific amount for everyone because we're all different, but it's worth considering such, let's agree, a decent minimum. I understand that not everyone is a millionaire and not everyone can afford to…
When should you invest in cryptocurrencies? My answer is quite optimistic and is as follows. You can invest in cryptocurrencies whenever you want. I am of course talking about purely financial aspects, not for investing in a project for ideas or for shares beyond earnings. I am only focusing on the profits. Why do I think it is always worthwhile and can always be done? Because the cryptocurrency market is such a specific market that when, for example, Wall Street falls and…
Ethereum 2.0 is going to be massive Ethereum 2.0 is a long-awaited update to the Ethereum network. It is expected to improve the functionality of the network so the associated user experience. A major change is the move to the Proof of Stake consensus. The new chain will be called the beacon chain. People predict that everything will be slowly and gradually implemented via Roadmap. Let's remember that Ethereum is one of the powerhouses of cryptocurrencies. What changes it…
Can you be afraid of crypto investment? When we approach the subject of investments, we are often unaware of the consequences of our choices. We are not able to predict whether an asset will increase or decrease in the medium term. It is a kind of lottery, but not always. You can, in a way, predict certain things and expect profits. Take Bitcoin, for example. If someone believed in the potential of this cryptocurrency, which was a truly gigantic revolution and gave birth to…
What is Monero? When we were usually supposed to talk about blockchains, we got used to the fact that they are open, contain public information and, well, generally everyone knows everything. However, there are projects that are the opposite of these fairly common features of blockchains. One of these is Monero, about which we will say a little today. The public blockchain infrastructure offers many advantages, as I mentioned earlier, we are able to verify transactions and…
Cold vs Hot Wallet - Which is better? When choosing a cryptocurrency wallet, we need to decide where we will keep our savings and assets. In this comparison, I omit exchange wallets because they should not be considered as a safe wallet to hold cryptocurrencies for many years. Hot Wallets are cryptocurrency wallets for your computer, phone and in browser plugins. These include Trust Wallet, Metamask or Exodus. Cold Wallet are hardware and paper (yes! paper) wallets such as…
Delegated Proof of Stake simplified Delegated Proof of Stake, DPoS for short, is a very innovative consensus algorithm. You could say that it is a kind of democratic PoS system. It was created as an alternative to the "old" Proof of Work system, which as we know requires a lot of work to make it work. PoS and DPoS, in contrast, do not require as many resources and it is a more economical consensus. Such a mechanism was designed as a project to eliminate the problems…
Delayed Proof of Work simplified The Proof of Work consensus is probably known to everyone. It is used by Bitcoin, Ethereum or even Dogecoin. A new solution is the so-called dPoW, or Delayed Proof of Work. This is a mechanism designed by Komodo. In a nutshell, it is a modified version of Proof of Work, which uses Bitcoin's hashpower as a way to secure the network. dPoW was developed on top of the Zcash code allowing privacy through Bitcoin's hashpower. Every 10 minutes, for…
What is Swipe token (SXP) With the growing interest in DeFi projects and the growth of this ecosystem, we can benefit from the solutions coming to us with it. Project Swipe offers us a wide range of products and services, from debit cards to DeFi apps with multiple assets on top of the cryptocurrency, FIAT currency. Swipe has been supporting up to four stablecoins for the past four months. These are USDT, USDC, BUSD and DAI. The EUR and USD are also included. This entire…
What is Yearn.finance token (YFI) DeFi is a sector that has seen gigantic growth in recent months. The gains provided by financial protocols have been overwhelming. Tokens that manage such projects are a key step in the decentralisation and security of DeFi. For this reason, Yearn.finance introduced the YFI token in July 2020. On a wave of exponential growth, YFI quickly won hearts on the cryptocurrency exchange achieving a gigantic rise from a few tens of dollars to over…
Is it a good time to invest in cryptocurrencies? I often hear opinions that it's too late to invest in cryptocurrencies and that I could have once invested because now Bitcoin is too expensive. And this is said by the big heads who once heard on the radio that someone bought a house with Bitcoin and are stomping their feet on the floor that they didn't buy it. Excuse me, what year is it? 2010, to only be talking about Bitcoin? This kind of talk irritates me terribly. The…
What is OmiseGO token (OMG) **I think everyone will agree that Ethereum's scalability as of today is something that leaves a lot to be desired. This problem is not easy for the Ethereum community to solve. OmiseGO hopes to solve this problem. Or actually OMG Network, since it has changed its name. It promises faster transaction times and lower transaction fees.** **So what is OMG really?** It is a layer two solution for sending transactions that do not require permission on…
How not to get scammed on cryptocurrencies During the recent wave of gigantic increases in the price of cryptocurrencies, many people became interested in this topic and decided to invest their money in some digital assets. Such situations are an opportunity for hackers and thieves. Due to the virtually zero possibility of recovering cryptocurrencies, we need to warn ourselves against swindlers and scammers. Here are the most common ones. **Send once, receive twice** This…