Guides

Major coins like Bitcoin and Ethereum hit their all-time highs in 2021, with Bitcoin more than tripling its 2017 ATH of $20,000. So the market is a potentially great deal for investors, but it can be unclear when looking for the best coin. There are thousands of crypto coins out there. Whether you are a short-term or long-term investor, the comparison could go beyond the top coins, Bitcoin and Ethereum. Are you wondering what your best cryptocurrency coin for investment…

It has become evident to many in the market that HODLing is a smart strategy. It's easy to see why you wouldn't want to relinquish ownership of these valuable coins. Nobody knows the top-end value of Bitcoin, but as more major financial institutions warm up to the concept, there will be a growing demand for the coin moving forward. While HODLing Bitcoin is profitable, it's not the only way to retain ownership of your coins and still make a healthy…

Derivatives have long been the go-to for large financial institutions seeking to trade on the price movements of Bitcoin without holding the digital asset directly. For these large organizations, derivatives made perfect sense because they could trade cryptocurrency instruments without risking future regulatory bite back. But what about normal traders? How can they trade derivatives and profit like the pros? BYDFI Has the Answer BYDFI is a top-performing cryptocurrency derivatives exchange that integrates some cool features that help you make…

The crypto-scape is constantly evolving. New features, platforms, and networks continue to enter the market weekly. While many of these new ventures are simply rehashes, some projects fully embrace innovation. These eight projects are reshaping the market and changing how people think about cryptocurrencies. ETH 2.0 Ethereum had a massive upgrade. The world's largest ecosystem has converted from a Proof-of-Work consensus mechanism to a Proof-of-Stake. The new Ethereum is faster, more flexible, and offers regular users the chance to secure the…

It's no secret that cryptocurrencies have become a lucrative form of investment. As such, governments across the globe have updated their taxation policies to get a piece of the rapidly growing sector. But unfortunately, in most countries with implemented digital asset taxation, cryptocurrencies such as Bitcoin are treated as property for tax purposes and not as a digital currency. This means that capital gains and losses reporting rules that apply to other forms of properties, such as real estate, bonds,…

Due to their popularity and high liquidity, most crypto traders choose to go for large digital coins by market caps, such as Bitcoin, Ethereum, or Litecoin. However, these top coins are often costly, meaning that most folks can only afford to purchase a fraction of BTC or a couple of Ethers. The good news for investors looking to cash in on the crypto boom is that they can find other promising and cheaper altcoins.  The best pick for individuals looking…

The database technology behind cryptocurrencies has sparked interest in different industries globally, including government entities. The technology mimics an enormous ledger responsible for indexing and recording completed cryptocurrency transactions. However, the most intriguing bit about blockchain technology is not just its nature as a distributed ledger technology (DLT). It is the level of security that comes with the distribution of information across the network of nodes. The nodes are the most critical components of the entire blockchain infrastructure, creating the…

The Bitcoin Mempool is a critical component of Bitcoin's core functionality. Mempool is simply a shortened version of the phrase "Memory Pool." This protocol is the first place that any new transactions are noted on Bitcoin's blockchain. In essence, it's a holding pen for all pending transactions before they are presented to miners. Notably, every node maintains a Mempool. Mempool allows Bitcoin's network to keep track of and manage all of its transactions in an organized and democratic manner. Remember,…

Ethereum 2.0 allows users to stake ETH and become network validators. However, staking on Ethereum is unique since every validator requires 32 ETH and needs to run and manage dedicated software 24/7. Substantial rewards can be made while staking ETH, but the responsibility is also coupled with penalties and slashing (complete removal from the network) in the most severe cases.  Ethereum 2.0 staking is quite daunting as stakers need to meet some hefty basic requirements. Not everyone can afford a…