Guides

In its simplest sense, an Atomic Swap is a mechanism that uses smart contract technology to enable the exchange of one cryptocurrency for another without using centralized intermediaries, such as exchanges. Atomic swaps are a technique that allows the quick exchange of two different cryptocurrencies running on distinct blockchain networks. Such a process (also known as atomic cross-chain trading) is based on smart contracts. It allows users to trade their coins directly from their crypto wallets. Before discussing an Atomic Swap, let…

Throughout its existence, Bitcoin has only been capable of processing around seven transactions per second. Growing at a rate that most people would call unsustainable, Bitcoin's scalability problem has slowly become a hindering issue. While a low transaction count was initially enough, the system has been congested for a few years.  As a result, transactions today take a long time to process, and transaction fees are excessive due to the demand. Ten years later, scalability is still the biggest problem for…

In today's day and age of digital growth and technological advancements, almost everyone has heard of Bitcoin. From being obscure in 2010 to being an asset of great value as of 2023, cryptocurrencies and blockchain technology have come a long way. To put it into perspective, blockchain technology was once thought not to last the trial time presents. Not only has blockchain technology proven its detractors wrong, but it has also found its place in several business sectors, including travel,…

As 2022 ends, we find ourselves moving away from the conclusion of Bitcoin's first decade. In less than two weeks, Bitcoin will turn 14 on January 3rd, 2023, and just like every other year, it will be a historic moment. Indeed, during such intervals, we are invited to contemplate its existence and relevance. Do we need Bitcoin, and if so, why? If necessity truly is the mother of invention, then Bitcoin was created out of necessity. This necessity is born…

New technologies become successful when it finds a perfect balance between traditional systems' values and the advantages of new technology. Blockchain has mastered this art, and people are gradually accepting the changes this developing technology brings. One of the changes is accountability in the financial system, which contributed to the creation of tokens. Tokens are digital assets, also known as value contracts. A token standard is stored in a smart contract to help manage balances in the wallet. Today, we…

Fork! The name itself sounds kinky. But it is what it is. In technology lingo, the word Fork describes anything diverging or cut off from existing software or code. But gradually, the definition has become much broader than it was initially used for. To fork means to change, differ, or diverge from something already existing, either upgrading and leaving the old stuff behind or starting something entirely new based on the previously existing rules. When it comes to ‘forking’ on…

Cryptocurrency started with Bitcoin. Bitcoin is a decentralized payment mechanism that began in 2008. This first-ever decentralized digital currency base was backed by nothing but the Bitcoin network participants' mutual trust. The Bitcoin protocol was designed to be free from tampering with the source code. Thus, no single participant can act against the network, nor can he deny the user to the network in any way. This made Bitcoin the first in a series of 'Borderless transparent mutual censorship-resistant immutable' mediums…

The crypto space is often regarded as a hectic environment. This is because cryptocurrencies and blockchain are still coming-of-age industries with much trial and error. However, what is lesser known to outsiders is the variety of simple passive income opportunities available in the space. Outlined below are different ways of earning passive income through crypto: Dividends, Buybacks, and Coin Burns Some coins give returns to their owners just for HODLing them. The mechanics behind this can differ from blockchain to…

The word scam is often applied to dubious startups and Initial Coin Offerings (ICOs)/Initial Exchange Offering (IEOs) within the cryptocurrency community. When the project lacks practical usefulness and the business idea behind it is suspicious, such projects are often referred to as scams. Compared with other ways of stealing money, the main feature of a Bitcoin scam is that it usually takes advantage of people's trust and negligence. Currently, the cryptocurrency market is not regulated enough to protect people from…