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These days, there is a high demand for digital currencies and everyone is talking about them. Not many people know exactly how they can build their own crypto coins and tokens. They are benefits in establishing or building crypto tokens or coins. So before going into details on how to make your own coin let…
Bitcoin was worth only a few dollars in 2009. This has changed, causing it to attract many users from all over the world. This digital currency has become the most valuable coin in the world and has a large share of daily transactions. As a result, many people around the world are eager to earn…
What is KYC? Know Your Customer, or KYC is one of the most important measures against financial crime and money laundering. With the use of KYC, it can be proven that customers are who they claim to be. As a result, financial service providers can manage their risks. If there is a problem with a…
What is A Seed Phrase? Seed phrase or recovery phrase, wallet back up, etc. are a string of words 12 to 24 in length that is the key to access your digital currency wallet. Wallets generate these words. And after entering it, you can access your wallet. Example of a seed phrase: (forget stereo follow…
Blockchain introduces itself today as technological advancement. A system whose design has increased the security of individuals or organizations. This decentralized database has been able to increase its security by using cryptography. This technology is a core mechanism for the distributed public ledger system. By removing the decentralization in it, every node can verify and…
The Lightning Network, or LN for short, is the second layer added to the Bitcoin network. This technology uses micropayment channels. This network allows transactions to be made outside the blockchain network. This feature increases the efficiency of transactions on the network and provides lower fees and faster transactions. Also, Lightning Network reduces congestion by…
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Bitcoin Core or Bitcoin client is a full node that stores the blockchain on users’ computers and validates transactions. This program is a memory of Satoshi Nakamoto and makes the Bitcoin function possible. This program is made to identify valid blocks in which there are network transactions. What is a Bitcoin client? Bitcoin client or…
What are Bitcoin transaction fees ? For everyone making transactions in bitcoin, you would have wondered what are these bitcoin transaction fees all about. Sometimes the fees are very high and sometimes quite low, why did all this happen? I will explain to you here. Every bitcoin transaction must be added to the blockchain, the…
How well does the Ledger Nano S stack up against other hardware wallets?