Category: Blockchain
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What is Proof-of-Stake, and How Does it Work?
What Is Proof-of-Stake in Crypto? Proof-of-stake consensus mechanisms have become essential in the DeFi space. Investors can now earn from their favorite coins, potentially never having to sell to make great ROI. Compared to traditional finance, it might sound too good to be true. It might seem unsustainable, centralized, and inflationary. Yet, PoS seem to…
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Complete Guide to Ethereum: The Best Blockchain?
Ethereum is the first open-source, public blockchain with smart contract functionality. The developer community uses ETH to build its own blockchains and apps. Ethereum is part of practically every innovation in blockchain. What Is Ethereum? If Bitcoin is digital gold, Ethereum could be compared to digital silver. Both coins dominate nearly 50% of the entire…
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Why are Ethereum Gas Fees So High? (Minimize Costs 2023)
Transacting on the Ethereum blockchain requires users to pay transaction fees known as ‘Gas fees’. Gas fees are paid in Ethereum’s native currency (ETH) and are denoted in GWEI which equals 0.000000001 ETH (10^-9). In traditional finance or ‘TradFi’, we often pay fees to transfer funds overseas or when we withdraw cash from an ATM.…
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The Best Way to Use Crypto to Buy a House
For many people, it’s a dream come true. You get in early on a promising crypto project, HODL till the price goes to the moon, then cash out and buy a house. Of course, it’s not always that easy, yet there are plenty of people who have pulled it off. But what about actually buying…
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The Blockchain Trilemma: Scalability, Decentralization, and Security
The Blockchain Trilemma, coined by Vitalik Buterin, refers to the challenges in creating a network which has scalability, decentralization, and security.