Guides

Forked from Bitcoin in 2011, Litecoin (LTC) has served as an experimental digital asset, incorporating new tech variations on the original BTC protocol.  The coin has garnered popularity in the crypto community and now has millions of users around the world. If you are a user of LTC or are interested in buying some coins, here are several wallet options you can try out for the safe storage of your Litecoin.  Ledger Nano S/X (Hardware Wallet) Ledger Nano S is one…

Dogecoin (DOGE) is a meme cryptocurrency launched in 2013. The coin has turned a fun joke into an investment opportunity as it continues gaining widespread popularity in the crypto community.  If you want to invest in DOGE, you need a safe wallet to store and manage your holdings. Here is a comprehensive guide to the best crypto wallets that offer you a secure and easy means to handle your DOGE holdings.  Ledger Nano S/X (Hardware Wallet) One of the safest…

Data mining is crucial in ascertaining the integrity of transactions on the blockchain. Apart from allowing for transaction verification, it prevents double-spending by arresting fraudulent activity. The market is awash with crypto mining algorithms; each of them is fighting for market share, and like any other, the Scrypt mining algorithm is among them. So what is Scrypt? What are its advantages and practical applications? Join us as we dissect this topic. First, though, let us briefly define it. Scrypt is a…

Wallets provide a haven for users to store, send, and receive digital coins. Users can transact on a global scale via crypto wallets without boundaries between countries, administrative divisions, or other areas. Furthermore, virtual wallets nowadays scrap the need to use physical wallets, hence enforcing everyone's security measures. One of the coins with such creative wallet architecture is DigiByte. It is an open-source currency running on blockchain technology that integrates communication, security, and network systems. What Are the Best DigiByte…

Cryptocurrency wallets come in handy to offer a safe, transparent, and efficient way of storing digital assets. Crypto wallets essentially store users' private keys and public addresses. They may also provide encrypting and signing information, i.e., executing a smart contract function or a cryptocurrency transaction.  In addition to storing the private key and public address, Stellar Lumen wallets store the third code, i.e., a Stellar Memo. The Stellar Memo is a feature that allows Stellar network users to communicate and…

There has been a surge in crypto investments in recent years, with over 19.2 million bitcoins currently circulating. The extraordinary shift from traditional investments to digital asset investment is primarily attributed to cryptos’ numerous advantages, including security, anonymity, more comfortable cross-border transfers, and adaptability. Cryptocurrency investment is one of the non-conventional forms of assets that will see increased adoption in the coming years. However, the uniqueness associated with these non-traditional forms of investments has resorted to numerous risks. Maneuvering through…

Since the first light of personal computers, analogies have played a crucial role in mapping the physical world onto the digital one. Your private computer stores data in files, which are then unionized in folders; if you open a file, a window shows up, and when you close the windows, you will see your desktop. Similar analogies are in use on cryptocurrencies whereby money is in store in wallets, which is not technically a wallet. It is a pair of…

Cryptocurrencies revolutionized the financial sector and are slowly taking over the traditional banking system. For a long time, conventional banking has been associated with slow and inefficient transactions, especially when it comes to transaction fees. Intermediaries, or rather banks and other financial institutions, are part of what makes financial transaction costs relatively high. However, this third-party influence in financial transactions ended when Satoshi Nakamoto introduced Bitcoin, the first cryptocurrency. Bitcoin and other first-generation cryptocurrencies allow the transfer of currency from…

In the world of DeFi, market-making is a critical component of growth. Without it, there is no new development. However, the current forms of generating liquidity are inefficient. Liquidity mining is the market's solution to this problem. Specifically, liquidity mining creates a community-based, data-driven system to generate liquidity in the market. Miners receive rewards for providing liquidity to the sector. The process requires depositing or lending designated blockchain assets. These systems employ a mining mechanism to provide liquidity for a…