Ethereum (ETH), the second-largest cryptocurrency after Bitcoin, has gained attention for its transition from proof of work (PoW) to a proof of stake (PoS) consensus mechanism (ETH 2.0). This shift enables individuals to earn passive income by staking ETH. This article will explore staking, its advantages, risks, and tips for finding a reliable platform. From…
Bitcoin, created in 2009, was the first and remains the most well-known cryptocurrency. Since Bitcoin’s introduction, thousands of other cryptocurrencies, commonly referred to as altcoins, have been created, each with its own unique features, purposes, and use cases. What Are Cryptocurrencies Cryptocurrencies are digital or virtual currencies that use cryptography for security and operate on…
Silicon Valley Bank, one of the largest banks in the United States that serves tech startups and venture capital firms, received a $100 million rescue package from the Federal Reserve in March 2023 to weather the economic fallout from the COVID-19 pandemic. While the impact of the rescue on the broader economy is debatable, it…
A crypto airdrop is the distribution of free tokens to a specific group of individuals. It is a marketing strategy used by blockchain projects to promote their cryptocurrency and encourage more people to use it. Airdrops can be executed in different ways. Some airdrops are announced in advance, allowing interested individuals to fulfill certain requirements…
Dollar-cost averaging, or DCA, is a popular investment strategy used by many cryptocurrency investors. DCA is a method of investing in which an investor buys a fixed dollar amount of an asset at regular intervals over time. This means that the investor will purchase more units when prices are low and fewer units when prices…
Many people from around the world are now trading cryptocurrencies because it has become very popular. In Nigeria, this trend is no different as many individuals are looking towards crypto trading as a means of making a living. The ability to trade cryptocurrencies from anywhere in the world, coupled with the promise of high returns,…
An unconfirmed cryptocurrency transaction refers to a transaction that has been initiated but has not yet been validated and added to the blockchain. When a cryptocurrency transaction takes place, it needs to be verified by participants in the network, typically through a process called mining. Once the transaction is added to a block, it becomes…
Bitcoin undergoes a ” halving ” process every four years, which involves reducing the amount of Bitcoin created every 10 minutes by half. The upcoming halving, which will be Bitcoin’s third, is scheduled to occur in May 2020. As a result, the current block reward of 12.5 Bitcoin every 10 minutes will be reduced to…
In the early 2010s, airdrops gained popularity as a means for internet trolls to send unsolicited photos to unsuspecting individuals. Today, in fintech, this strategy has evolved into a marketing tactic called “crypto airdrops,” which generates hype for newly launched cryptocurrency projects and enhances platform recognition. What Is a Crypto Airdrop? A cryptocurrency airdrop is…
As cryptocurrency prices surge, many novice investors are purchasing crypto. However, this promising opportunity is attracting not only investors but also hackers, scammers, and other nefarious actors who perceive these inexperienced investors as vulnerable targets. Although investing in crypto comes with various potential hazards, safeguarding one’s funds is unquestionably a top priority. According to CertiK’s…