Mindblown: a blog about philosophy.

  • HOW TO AVOID RUG PULLS IN CRYPTO

    If you’re looking to invest in a new cryptocurrency, there are a few things you can do to avoid rug pulls. First and foremost, do your own research. Don’t take anyone else’s word for it; dig into the project yourself and make sure that it looks legitimate before investing your money. Secondly, watch out for […]

  • WHAT IS A RUG PULL IN CRYPTO?

    Rug pulls are a type of scam that occurs in cryptocurrency trading. They can be difficult to spot, but understanding how they work will help you avoid them. Rug pulls are when someone creates an opportunity for investors to buy or sell their coins at a certain price, only to cancel the trade once it’s […]

  • WHAT IS POLYGON? (MATIC) EXPLAINED

    What is Polygon? Polygon is a blockchain-based platform that aims to disrupt the gaming industry by providing users with an all-inclusive ecosystem of services. Polygon’s platform will allow gamers to play games, sell items and earn tokens. Polygon is a scalable, secure and cost-effective blockchain platform. The Polygon Platform will be the next-generation blockchain platform […]

  • WHAT IS STAKING IN CRYPTOCURRENCY?

    Staking is a process used by some cryptocurrencies to validate transactions and secure the network. In simple terms, staking involves holding a certain amount of a cryptocurrency in a wallet and using it to perform certain functions on the network. Here’s a closer look at staking, including the rewards and risks involved: DefinitionStaking is a […]

  • WHAT SHOULD I LOOK FOR WHEN RESEARCHING ON WHAT CRYPTOCURRENCY COIN AND TOKEN TO PUT MY MONEY INTO?

    When doing research on a cryptocurrency coin or token, there are several key points to look for to help you make informed investment decisions. Here are some of the most important factors to consider: By considering these key points, you can make informed investment decisions and minimize the risks associated with investing in cryptocurrency. It’s […]

  • WHAT IS IMPERMANENT LOSS IN CRYPTO?

    If you’re involved in the world of cryptocurrency, you may have heard the term “impermanent loss” thrown around. But what exactly does it mean, and why should you care? In simple terms, impermanent loss refers to the situation where a liquidity provider (LP) in a decentralized exchange (DEX) experiences a temporary loss due to the […]

  • WHAT IS ASYMMETRIC ENCRYPTION? (PUBLIC & PRIVATE KEYS) IN CRYPTO?

    Asymmetric encryption is a type of encryption that uses a public key and a private key. The public key can be shared with other people, while the private key must be kept secret to ensure that it cannot be accessed by anyone else when they use it to encrypt information. This means that if someone […]

  • WHAT DOES “PROOF OF WORK” IN CRYPTO MEAN?

    WHAT DOES “PROOF OF WORK” IN CRYPTO MEAN?

     You’ve most likely heard the debate between PoW otherwise known as Proof of Work and its counterpart Proof of Stake. To understand what proof of work is, first we need to know what a consensus model is, and why it is needed. Being what is called a “distributed ledger”, this technology is self-governing (which means there […]

  • WHAT IS A DAO (DECENTRALIZED AUTONOMOUS ORGANIZATION)

    WHAT IS A DAO (DECENTRALIZED AUTONOMOUS ORGANIZATION)

    A decentralized autonomous organization (DAO) is a type of organization that has no central authority, but rather is self-governing and self-sustaining. It’s also known as a Decentralized Autonomous Organization (DAO). A DAO has its own code written into smart contracts on the Ethereum blockchain, which means that it can run itself without needing any human […]

  • WHAT IS A CRYPTO WALLET?

    WHAT IS A CRYPTO WALLET?

    Cryptocurrency wallets are a little bit like email addresses. They’re not as well known or understood as they should be, but once you get the hang of them, they’ll be one of your most important tools for managing and protecting your cryptocurrency investments.

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