Tag: blockchain for dummies

Jun 09 2022

What are Lockdrops? Are Lockdrops Worth it?

Many people are familiar with the term Airdrop in the cryptocurrency world. But have you ever heard about lockdrops?. This article is all about what are lockdrops and what's the difference between lockdrops and airdrops. Let's take a look at it in more detail. What Are Lockdrops? A lockdrop is a form of allocating tokens to a big network. This is similar to...

Apr 08 2022

Forgot your Bitcoin Password? THIS is how to Recover your Cryptos!

Anyone who has invested their money in Bitcoin or other cryptocurrencies must also keep them in a wallet. But what happens if you forget your password for Bitcoin, the so-called private key ? Are Bitcoins lost forever? In this article we will tell you...

Mar 15 2022

What is the Blockchain data structure?

The blockchain data structure is explained as a back-linked record of blocks of transactions, which is ordered. It can be saved as a file or in a plain database. Each block can be recognized by a hash, created utilizing the SHA256 cryptographic hash algorithm on the header of the block. Each block mentions a former block, also identified as the parent block, in...

Jan 14 2022

What are Bitcoin Forks? Here’s a Deep Dive into what Forks are

Ever since creating the first digital asset, the birth of the crypto sector has revolutionized the way the financial market is seen. This is because Bitcoin's creation opened a door that other developers could only kick as at then. Since the creation of Bitcoin in 2009, the Satoshi Nakamoto created project has gained massive acceptance across the entire world. With this, there have...

Sep 27 2021

Crypto Basics – Don’t know What Bitcoin crypto is? Here’s a Complete Guide

Everyone heard about Bitcoin in the past 2 years. The mainstream media helped push this cryptocurrency to the mainstream, as its price soared by more than 1,400%. On the other hand, it is not enough to simply hear about something. It is also important to...

Jan 24 2021

XMR Secrets – How Anonymous is Monero?

Monero is a cryptocurrency that allows a high degree of anonymity. First, you have to understand what anonymity means on the blockchain....

Jan 22 2021

What are the best Monero (XMR) wallets?

Monero is one of the most popular anonymous cryptocurrencies because of its high level of security, privacy, and strong technology. Today we present you with some wallets that you can use when dealing with Monero to store your cryptocurrencies safely. Monero web wallet Similar to myetherwallet.com, there is also a web wallet for Monero. You can find it under the address wallet.mymonero.com. You...

Jan 19 2021

How to Pay with Cryptocurrencies?

Cryptocurrencies have been making headlines for more than 3 years now. Despite this notorious fame, there are still people who don't know how to pay with cryptocurrencies, which requires OWNING them first. In this article, we're going to break down in an easy step by step guide how to pay with cryptocurrencies, and specifically, we'll take the example of...

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