Guides

When sending or receiving NFTs, you'll need to pay a fee to the blockchain to process the transaction. This fee helps to cover the costs of processing and validating the transaction. The fee varies depending on the blockchain, but it's generally small. If you're new to NFTs, then it's important to understand how transaction fees work before sending or receiving any tokens. By understanding the fees involved, you can avoid unexpected costs and ensure blockchains process your transactions smoothly. What…

Non-Fungible Tokens (NFTs) are digital assets that are not interchangeable. Instead, they each have unique characteristics, unlike any other token on the market. For this reason, they hold a lot of potential for various industries and use cases.  This guide will look at the most common criteria for trading NFTs. What Are NFTs? NFTs are unique digital assets and cannot be interchangeable. This feature makes them perfect for various applications, including gaming, collectibles, and online marketplaces. When buying or selling…

As the popularity of cryptocurrencies and blockchain technology grows, so does the potential for scams and fraud. The NFT Opportunity and Its Appeal to Scammers Blockchain, a decentralized ledger tracking all transactions involving an item, is where NFTs reside. NFTs can represent anything from art to in-game items. These assets have become increasingly popular in recent months as their prices have soared. However, as with any new and burgeoning market, the NFT space is rife with fraudsters looking for unsuspecting…

Smart contracts are the innovation that propelled blockchain technology to where it is today. This invention fulfills the agreement between all the parties in a deal without the need for intermediaries. As a result, it boosts the security and immutability of a blockchain network, allowing numerous and diverse applications to develop. Unfortunately, smart contracts are not flawless and could lead to million-dollar losses if hackers can exploit their tinniest loopholes. For example, some famous attacks on smart contract code glitches…

The crypto market is experiencing one of its worst “winters” in its 12-year history. Some pessimistic voices claim it's all downhill from here. However, expert traders know that the future is not as bleak as it seems. On the contrary, new and innovative projects are still surfacing in the market, giving us a glimpse of how promising the new "crypto spring" will look. Sitting and waiting for the crypto winter to pass is gruesomely depressing. That’s why we compiled a…

During the November rally, crypto exchange CEOs and price analysts were confident that Bitcoin would soon reach $100,000. It didn’t come close. Today, it trades for under $23,000 – 67% down from its all-time high. Fear is in the air. Crypto companies need to be doing better. Theories of an extended “supercycle” bull market have expired and been replaced by acceptance of the “crypto winter.” The only question that remains is: when will it end? Read below to learn what…

Satoshi Nakamoto – Bitcoin’s anonymous founder – may be the largest Bitcoin whale on the planet. However, there’s no evidence that Satoshi has or will spend his coins. The crypto community isn’t sure how many coins belong to the founder. Just how rich is the father of Bitcoin? And what implications could his ancient stash have for the network and the asset? The Patoshi Pattern One of the most popular theories is that Satoshi Nakamoto mined anywhere from 750,000 to…

While crypto scams and hacking schemes continue growing more sophisticated, industry newcomers are increasingly put at risk. A crypto stealer can swiftly confiscate your crypto holdings within three clicks alone. Please read below to learn about this efficient yet dangerous attack and how to avoid falling victim to it. The Three Click-Confiscator 1. The Hook The scheme begins with a “hook” – an alluring message that expresses its victims’ sense of urgency. Samczsun, the Head of Security at Paradigm, provided…

Financial markets worldwide are struggling to cope with one of the worst economic crises in recent history. The crypto market is no exception, seeing most of its assets alternating between fleeting highs and depressing lows. In these uncertain times, investors are looking toward reliable assets to stabilize their portfolios, and the answer could come from gold-backed tokens. But are these gold-pegged cryptocurrencies enough to mitigate the extreme volatility of the crypto market? We tend to return to a safe place…