What is a 51% attack?
August 24, 2021
Bitcoin is absolutely secure. That is a sentence that is perfectly true at the time of writing. But this is not only due to the fact that its technology has been proven in the past but also because of its network and its constant growth in the last couple of years. That being said, one should never take the transaction security of a network for granted. Bitcoin allows every user to check and verify literally everything in its network, including, but not limited to its monetary supply and if a transaction is valid or not.' But there is also the possibility of fraud, meaning that an entity could try and overtake the Bitcoin network. In this article we will discuss how this is theoretically possible and how likely this is to succeed.
Uniswap explained: How does Uniswap work?
August 18, 2021
In the summer of 2020, the cryptocurrency space encountered a new phenomenon that was in the making for quite some time. A new form of DApp emerged that offered a set of completely new use cases for blockchain technology. One of the most notable inventions that fall into that category is Uniswap. It is an example of the stunning success story of decentralized finance. In this article, we like to explain what Uniswap really is, how its basic functions work and how you can profit from the options this particular platform offers.
Bitcoin crash: could BTC ever go to zero?
August 13, 2021
Bitcoin has seen tremendous growth over the last 5 years. Not only in price, but also in its community and its use. Many analysts have claimed that the bubble has finally popped, but for each time BTC came crashing down, there was another bull cycle afterward that brought it to new highs. The most recent all-time high was around 64.000 US-Dollars.
Burn, baby, burn
August 9, 2021
One of the most anticipated upgrades for Ethereum has happened on August the 5th 2021. London brought the implementation of EIP-1559, which is supposed to reduce volatility in network fees and make it overall more transparent and easier to set the correct fees in order to transact on the Ethereum blockchain. Now that the hard fork commenced the results are in and the question is what to expect from the implementation in the near and the far future of Ethereum.
What are Stablecoins? The backbone of the crypto industry explained
June 2, 2021
Stablecoins are a vital part of the cryptocurrency industry. They allow settlement between businesses at a large scale and also serve an important purpose for retail customers. But there is also a lot of regulatory pressure in this particular sector. Stablecoins have come so important that USDT became the third largest currency among all other cryptos according to its market cap. There are a lot of misconceptions and myth evolving around stablecoins. With todays article we like to explain an asset that is not a typical cryptocurrency and yet has the potential to become perhaps the most important technology on the global market.
Can crypto reduce their energy consumption?
June 2, 2021
Energy consumption of Bitcoin mining has been the most important topic in the media the last couple of weeks. After Elon Musk announced that Tesla will refrain from accepting BTC due to its environmental impact, the whole market tanked. Can Bitcoin and other cryptocurrencies even reduce their environmental footprint? And what needs to change?
What is an ERC-20 token? A standard explained
June 2, 2021
Many cryptos available on the market aren’t real cryptocurrencies. Most of them are in fact tokens and have different use-cases than Bitcoin or any other cryptocurreny for that matter. Tokens and token standards are not often discussed, because most investors are rather interested in the token economy than in the technical aspects of the tokes they are buying. With this article we like to give you a brief introduction to ERC-20 tokens and their specifications.
What is DeFi? Decentralized Finance explained
May 16, 2021
Decentralized Finance is one of the most important technological developments in the recent years. It became so popular that there is even competition between different blockchain technologies and each one is trying to capture as much market share as possible. The most promising platforms so far are Ethereum, Binance Smart Chain, Cardano and Solana. Of course, there are even more blockchain technologies out there trying to built their own ecosystem, but in this article, we are going to focus on the most successful cryptocurrencies in this particular field and like to answer the question what DeFi really is.