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Category: Cryptocurrency
Why didn’t gas prices go down after Ethereum’s Merge?
The Ethereum Merge, which took place on September 15, 2022, marked a significant transition for the Ethereum network from a Proof of Work (PoW) consensus mechanism to a Proof of Stake (PoS) system. This change was primarily aimed at reducing Ethereum’s energy consumption and setting the stage for future scalability improvements. However, it did not directly address the issue of gas fees, which are the transaction costs on the Ethereum network.Here are some reasons why gas prices did not decrease after the Merge:
(more…)Ethereum seems to undergo hard forks every year, but is Ethereum quite centralized?
Ethereum, like many blockchain networks, is designed to be decentralized, but the degree of decentralization can vary based on several factors. Let’s explore what contributes to the perception of centralization in Ethereum:
(more…)How do I store tokens on Ethereum?
Storing tokens on Ethereum involves using a digital wallet that supports Ethereum and its token standards, such as ERC-20 and ERC-721. Here’s a step-by-step guide to help you store tokens securely:
(more…)How is Dogecoin?
Dogecoin is a cryptocurrency that was created in December 2013 by software engineers Billy Markus and Jackson Palmer. It started as a joke, inspired by the popular “Doge” meme featuring a Shiba Inu dog. Despite its humorous origins, Dogecoin has grown into a widely recognized digital currency with a vibrant community.
(more…)Which DEX can I trade Bitcoin?
If you are looking to trade Bitcoin on a decentralized exchange (DEX), there are several options available that facilitate cross-chain swaps, allowing you to trade Bitcoin for other cryptocurrencies. Here are some notable DEXs where you can trade Bitcoin:
(more…)What do you think of Proton’s self-managed Bitcoin wallet “Proton Wallet”?
Proton Wallet is a self-custodial Bitcoin wallet developed by Proton, a company known for its secure email and VPN services. Here are some key features and aspects of Proton Wallet:
(more…)Bitcoin is said to have been hijacked by financial capital. What is the reason?
The idea that Bitcoin has been “hijacked” by financial capital refers to several key reasons:
(more…)How is Bitcoin’s Lightning Network?
The Bitcoin Lightning Network is a second-layer solution designed to address some of the scalability issues associated with Bitcoin. It aims to enable faster and cheaper transactions by allowing users to conduct off-chain transactions. Here’s a detailed overview of how it works and its benefits:
(more…)How to check for Bitcoin Dominance
Bitcoin dominance refers to the ratio of Bitcoin’s market capitalization to the total market capitalization of all cryptocurrencies. It is an important metric for understanding Bitcoin’s market position relative to other cryptocurrencies. Here’s how you can check Bitcoin dominance:
(more…)Bitcoin Cash Wallet: Why does the receiving address change?
Bitcoin Cash, like Bitcoin and several other cryptocurrencies, employs a feature known as “address reuse prevention.” This is why the receiving address in your Bitcoin Cash wallet changes after each transaction. Here’s a detailed explanation of why this feature is beneficial:
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