Author: Afolabi Samuel

Understanding Web3: What is it all about?

Understanding Web3: What is it all about?

Web3 refers to the concept of a decentralized, user-centric internet that leverages blockchain technology to enable data ownership, and enhanced privacy. It represents a shift from the current centralized model of the web (Web 2.0) towards a more open, transparent, and inclusive online ecosystem. At its core, Web3 aims to empower individuals, allowing them to…

What is BCH and BSV?

What is BCH and BSV?

BCH, also known as Bitcoin Cash, is a cryptocurrency that was created in 2017 as a result of a hard fork from the original Bitcoin network. Bitcoin Cash aims to offer faster and cheaper transactions compared to Bitcoin. It shares many similarities with Bitcoin in terms of technology and underlying principles but has certain distinct…

Where can NFT be stored?

Where can NFT be stored?

NFT, short for Non-Fungible Token, is a type of digital asset that represents ownership or proof of authenticity of a unique piece of content, such as artwork, music, or virtual items. Unlike cryptocurrencies like Bitcoin, which are interchangeable, each NFT is distinct and cannot be exchanged on a one-to-one basis. NFTs use blockchain technology, which…

What is USDC?

What is USDC?

USDC is short for USD Coin, a type of cryptocurrency on the Ethereum blockchain. It’s called a stablecoin because its value is supposed to be the same as the US dollar. For every USDC token, there’s one US dollar held in a bank. USDC was created to provide stability and facilitate fast, secure, and low-cost…

How to Avoid Frauds in Cheap Cryptocurrency Markets

How to Avoid Frauds in Cheap Cryptocurrency Markets

Cheap cryptocurrency markets are places where the price of cryptocurrencies is lower compared to other exchanges. This can happen because there is not much trading going on, not enough demand or fewer features on the platform. Some people look for these markets to find potential good deals, but it’s important to remember that low prices…