Category: Uncategorized
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WHAT IS THE PURPOSE FOR CRYPTO BRIDGES FOR THE BLOCKCHAIN?
The purpose of crypto bridges for blockchain is to enable the interoperability of different blockchain networks. This is important because it allows for the creation of a more connected and decentralized blockchain ecosystem. By enabling the transfer of cryptocurrencies and data between different blockchains, crypto bridges can help to break down the silos that currently […]
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WHAT IS A ‘CRYPTO BRIDGE’?(With an example)
A crypto bridge is a technology that allows for the transfer of cryptocurrencies between two different blockchain networks. Crypto bridges are important because they enable the interoperability of different blockchain networks, which is essential for the growth and development of the blockchain ecosystem. Crypto bridges work by creating a connection between two different blockchain networks, […]
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WHAY ARE SMART CONTRACTS IMPORTANT?
Smart contracts are important because they allow for the creation of decentralized applications (dApps) that can execute code without the need for a centralized intermediary. This means that dApps can operate in a trustless and transparent manner, without the need for users to trust a centralized authority. Smart contracts can also be used to automate […]
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WHAT IS A SMART CONTRACT IN CRYPTO? (With an example)
A smart contract is a self-executing contract with the terms of the agreement between buyer and seller being directly written into lines of code. The code and the agreements contained therein exist on a blockchain network, and once the conditions of the contract are met, the contract executes automatically. Smart contracts were first proposed by […]
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WHAT IS BITCOIN CASH(BCH)? BITCOIN VS BITCOIN CASH
Bitcoin Cash (BCH) is a decentralized digital currency that operates on the blockchain technology, similar to its predecessor, Bitcoin (BTC). Created as a result of a hard fork from Bitcoin in 2017, Bitcoin Cash offers faster and cheaper transactions by increasing the block size limit. In this article, we will dive into the fundamental concepts […]
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WHAT IS A CRYPTO AIRDROP?
An airdrop in crypto is a marketing strategy used by blockchain projects to distribute free tokens or coins to a large number of people. The goal of an airdrop is to increase awareness and adoption of the project by incentivizing people to learn about and use the project’s tokens or coins. Airdrops can take many […]
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WHAT IS BITCOIN HALVING?
Bitcoin halving is an event that occurs every 210,000 blocks in the Bitcoin blockchain. This event is programmed into the Bitcoin protocol and is designed to reduce the amount of new bitcoins that are created and added to the market. When Bitcoin was first created, the reward for mining a block was 50 bitcoins. After […]
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WHAT IS DOLLAR COST AVERAGING IN CRYPTO?
Dollar cost averaging (DCA) is an investment strategy that involves buying a fixed dollar amount of an asset at regular intervals, regardless of the asset’s price. This strategy is often used by long-term investors who want to minimize the impact of market volatility on their investment returns. In the world of crypto, dollar cost averaging […]
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WHAT IS ETHEREUM, GAS LIMIT AND GAS OPTIMIZATION IN CRYPTO
GAS LIMIT The gas limit is the maximum amount of gas you can use for a transaction. It’s determined by the sender, and it affects how much ether you will pay for your transaction. The higher your gas limit, the more likely it is that miners will include your transaction in their block (and thus […]
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WHAT IS ETHEREUM GAS, AND ‘GAS FEE’?
Ethereum gas is a unit of measurement that measures the amount of computational effort required to execute certain operations on the Ethereum network. In other words, it’s a way for developers and users to pay for their actions on the blockchain. Gas is needed in order to perform any action on Ethereum because each transaction […]