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Difference between on-chain and off-chain transactions

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On-chain: When you make a transaction on the blockchain, it's called an on-chain transaction. This means that the transaction data is recorded directly onto the blockchain and is visible to everyone in the network. The data is also secured using cryptographic techniques, so it can't be tampered with. However, on-chain transactions are typically slow and can come with transaction fees, especially in networks like Bitcoin and Ethereum. This is because the consensus mechanisms and the need for miners to validate transactions can slow down the process. On-chain activities include sending cryptocurrencies from one wallet to another, executing smart contracts, and updating the blockchain's state. Off-chain : Off-chain transactions are a great solution to the scalability and speed issues faced by many blockchain networks. They happen outside the main blockchain and involve certain interactions or transfers on secondary layers or external networks. The Lightning Network for Bitco...

WHAT IS CME GAP-FILL THEORY?

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  Are you a cryptocurrency trader? If so, you may have heard of the "CME gap." This gap refers to a difference in price on the Chicago Mercantile Exchange (CME) Bitcoin futures chart. While regular cryptocurrency exchanges operate around the clock, CME Group has specific trading hours during weekends and holidays. CME Group offers Bitcoin futures contracts, which enable traders to speculate on the future price movements of Bitcoin. When the CME Bitcoin futures market closes, a gap may occur between the last traded price on CME and other exchanges. This gap creates an opportunity for traders to profit when the CME market reopens, as the price may move to fill the gap. Despite the debate among traders and analysts regarding the significance of CME gaps in relation to the price of Bitcoin, it's important to note that gaps have been observed to be filled in the past. This phenomenon is sometimes called the "CME gap-fill theory." According to this theory, if the Bitc...

What Are Altcoins? List of high potential altcoins

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  The emergence of Bitcoin in 2009 marked a significant milestone in developing digital currencies. Its remarkable success paved the way for other cryptocurrencies, called altcoins, designed to rival Bitcoin in the crypto industry. These altcoins have unique characteristics and functions that shape the web3 ecosystem and have gained massive traction. If you're curious about digital currencies, it's vital to understand the distinctions between altcoins and Bitcoin. What are Altcoins? Altcoins are an interesting phenomenon in the world of cryptocurrency. They are digital currencies that are not Bitcoin or Ethereum. Each altcoin has unique features and potential applications. Some digital currencies are severe and have real-world applications, while others are more of a joke or a meme. They often gain popularity through social media and online forums like Reddit. Many altcoins, including Litecoin, Dogecoin, and Ripple, have gained a significant following. Despite their differences...

Let me guide you through the basics of earning passive income via Crypto Staking.

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Investors in the crypto industry are finding cryptocurrency staking to be a popular method of earning passive income. This rewarding process not only contributes to ensuring It is important to guarantee the steady and protected operation of the blockchain network. But also provides a return on investment. This article provides more detailed information about how something works. Staking highlights some of the best staking coins currently offered on the market. What is Crypto Staking? Crypto staking is an important process used by proof-of-stake blockchains to ensure the network's security and generate new coins. When staking crypto, your assets are locked up for a specific period to support the blockchain's functioning. Through this, you can earn extra cryptocurrency as a reward. Numerous blockchains use People who want to verify new transactions to participate in the proof-of-stake consensus mechanism. Add new blocks to the network must "stake" a specific amount of c...

Discover how stablecoins work with our beginner's cryptocurrency guide.

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I am an investor who always strives to minimize risks and maximize returns. Stablecoins have caught my attention as an interesting investment option. With the volatile market, exploring the possibility of investing in something more stable makes sense. However, I wonder about their reliability and trustworthiness. Through my research, I have learned that Stablecoins are a type of cryptocurrency whose value is tied to an underlying asset, such as the US dollar or gold. This ensures that their value remains relatively steady, even during market turbulence. What are stablecoins? Stablecoins are a specific digital currency that aims to maintain a constant value. This is accomplished by tethering the value of the stablecoin to a tangible asset, such as the US dollar or gold.. This ensures that the stablecoin's value is not subject to the same volatility as other cryptocurrencies, which can fluctuate wildly. When someone purchases a stablecoin, they buy a digital asset with a value tied ...

HOW TO UNDERSTAND THE CRYPTO MARKET TRENDS?

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                                                                                   Indeed, knowing different types of compatible blockchains like EVM, Non-EVM chains, Rollups, Parachains, and Cosmos can be extremely valuable in understanding and navigating the ever-evolving crypto trends. Here's how understanding these concepts can benefit you in the crypto space:  Portfolio diversification:   Understanding different types of blockchains allows you to diversify your crypto investments. You can invest in projects and tokens on various blockchains, reducing risk if one blockchain experiences issues or declines in popularity.                                         ...

The top altcoins that are potentially profitable if the market recovers

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The cryptocurrency market has experienced its share of ups and downs, with periods of rapid growth followed by significant corrections. During these corrections, many altcoins that were once riding high saw their prices drop dramatically. However, these dips can present unique opportunities for investors with a keen eye and a high-risk appetite. Here are 15 altcoins  – that have caught traders' attention due to their historical all-time lows and the potential for significant profits if the market recovers. These altcoins are listed on the Binance exchange; Binance, a cryptocurrency exchange, offers a wide range of altcoins, extending beyond standard options like Bitcoin and Ethereum. By investing in these lesser/wider-known altcoins, investors can access various sectors of the cryptocurrency market. Here, we will examine some of the altcoins accessible on Binance Exchange and what makes them unique. 1. BOND (BarnBridge):  BarnBridge (BOND) is a protocol to bring risk managemen...