Most of us believe that Bitcoin or any crypto technology is anonymous but it’s not so. Rather, it is pseudo- anonymous. Hence, it is the responsibility of users to adopt good and ideal practices in order to protect their privacy from hackers. Just putting a mask on your face doesn’t mean nobody can find out…Continue readingWhy It Is Important To Separate Your Identity From Your Address
Sharding is a technique of database partitioning used by blockchain companies with the purpose of scalability, enabling them to process more transactions per second. Sharding splits a blockchain company’s entire network into smaller partitions, known as “shards.” Each shard is made up of its own data, making it distinguishable and independent when compared to other…Continue readingCan Blockchain Be Sharded or Partitioned
What is DeFi Yield Farming? Decentralized Finance, or DeFi, is a system through which financial products become available on a public decentralized blockchain network. This enables the availability of these financial products to everyone, rather than going through middlemen like banks or brokerages. Hence, there is no need for a third party to be involved…Continue readingWhat is DeFi Yield Farming: Structure And Importance in Decentralized Finance
Of course, time is priceless and precious too, and this is the reason why when we spend some money, we want a guarantee of instant results. But, the Bitcoin transaction takes some time and we have to be a little patient. Actually, when we make a transaction, it goes into a pool of unconfirmed transactions,…Continue readingTime is Money: How Does Confirmation Time Work?
Introduction to NFTs NFTs stand for non-fungible tokens. These are kinds of crypto assets strengthening their roots in the market. Thus, an NFT is a digital asset or a unit of data stored in a digital ledger called a blockchain. Each NFT is unique and non-interchangeable just like fingerprints. The lack of interchangeability (fungibility) distinguishes…Continue readingNFT Trading Cards: A New Way To Own Collectibles
What Is Bitcoin Mempool? As the name itself indicates, Mempool is nothing but a short form of “memory pool”. The mempool is the waiting or holding area for all the transactions that have been submitted yet not verified. Therefore, it is a collection of all Bitcoin transactions awaiting verification and confirmation by a Bitcoin miner…Continue readingThe Truth About WHAT IS BITCOIN MEMPOOL? In 3 Minutes