Author: Fawad Malik
Mining and staking! Dear users, these two consensus mechanisms offer a unique way to earn passive income and rewards by using your crypto assets. In these mechanisms, both miners (involved in mining) and validators (involved in staking): Although both mechanisms serve the same purpose (securing the blockchain network and earning rewards), they significantly differ and operate on different principles. Wanna know these key differences between mining vs staking? Wanna know which one is better and a profitable option? If yes! There is no better option than this content guide. Read it from start to end comprehensively. What Is Mining -…
Crypto exchanges are privately owned platforms that allow you to buy, sell, and trade thousands of cryptocurrencies and non-fungible tokens(NFTs). These online platforms act as a bridge between buyer and seller, enabling secure, instant, and real-time transactions of digital crypto assets. Readers! Here’s a big misconception: Many traders and investors believe that if all crypto exchanges are used for the same purpose( crypto trading), then all are the same. However, if we look at the other side of the picture, we come to know that each one significantly differs. Each has its own separate features, pros, and cons, making it…
Greeting! Crypto traders🌸 Let’s suppose you want to buy an Ethereum, and its market price is $4000. However, as you open your wallet, you see that you only have $3500. Undoubtedly, this price gap will spoil your buying plan and bring tears to your eyes. This is where DEX Aggregators stand out, online platforms where you can easily set limit orders in advance and execute trading according to your price preferences. Now, your mind will be buzzing with questions, such as; And so on…… Relax, buddies, relax! When we are here with you, then why to worry….. This comprehensive article…
Crypto lovers! At this time, buying, selling, swapping, and even lending or borrowing crypto assets has become child’s play. Now, you may be thinking how. The answer lies in DeFi apps, offering users a simple and secure way to interact with crypto services (lending, borrowing, swapping) without relying on any intermediary. However, let’s ask a very simple question: Can we keep our crypto assets 100% secure while using these apps? The answer is never! While these apps come with so many features (transparency, decentralization, and liquidity provision), they are also prone to cyber attacks, hacks, and phishing attacks. This is…
Happy welcome🌸. Dear readers! As we all know: When we purchase or sell anything, we have to pay a fixed amount of tax along with its price. From a small household item to a large property( houses, cars, or land), everything comes with an additional cost that goes into your government treasury. Similarly, when it comes to cryptocurrencies, they are also considered taxable assets in many countries. It means that whether you buy, sell, swap, or even earn these digital currencies as rewards and income, you have to pay a tax on them. However, not all countries have the same…
Dear readers! The fear of being left behind is naturally connected with every human being. Sometimes your brain also gets some thoughts, like: My friend is investing in this business and will make a profit of millions. What if I get deprived of this opportunity? What if my friend became more financially strong by investing in this business? If I don’t take any action right now, I will stay where I am today. Readers! Such a fear is called FOMO, which compels people to make decisions( whether they are wrong or right) without proper thinking or someone’s guidance. This fear…
Let’s suppose you sent someone a Bitcoin, Ethereum, or other cryptocurrency, and they received it within a short time( around half an hour). Now, you will think this transaction was just a game of your single click. It will feel like magic that you only clicked the “Send button” and the other person received it instantly, without an intermediary or any verification. However, dear readers! The reality is not what you think or believe it is. If you ever find out what’s happening under the hood, you will surely be shocked. To eliminate such an illusion( this transaction process is…
Today! I am going to gift this blog post to those crypto users who want to earn rewards by staking their Ethereum tokens. Dear Ethereum stakers! It’s time to say goodbye to the traditional staking method( required 32 ETH, relied on a single node, and locked your funds for an unknown long period). Technology has brought a decentralized platform that lets you stake the ETH token effortlessly and earn daily rewards. This innovative platform is named Lido. Would you like to know why and how we can use the Lido platform for ETH staking? I am going to explore everything…
Crypto wallets are like banks that not only store the money you deposit but also take responsibility for keeping it safe. These digital devices are designed to store your private keys and let you access your crypto in real-time without relying on third parties. However, here’s one thing to remember: “Not all wallets are created equal”. Some of them stand out due to their security features and user-friendly interface, and others are preferred for long-term storage. These factors have divided these digital wallets into two main types: “Hot Wallets and Cold Wallets”. To find out which one is right for…
Dear Cryptobreaker Users! It’s so funny that: Many people get confused between tokens and coins, just like they do after seeing the identical twins. They view both as interchangeable( coins are coins, and tokens are also coins). However, if we delve deep and study both, we come to know that there is a world of difference between them. To explore such differences in detail, we have curated this comprehensive blog post, in which we will study: So, are you ready to clear this confusion and discover the differences between tokens vs coins? If yes! Let’s begin……. What are Coins? In…