In response, users often offer higher fees to incentivize validators to prioritize processing their transactions. The network earns through a 2% fee on all primary asset sales and a 2% fee on every NFT trade, denominated in the purchase currency. Furthermore, marketplaces can add their…
This is why cryptos are often described as pseudonymous — the public key is a person’s pseudonym. Keep your cryptocurrency trading separate from your personal and work accounts. Create an email dedicated to your crypto wallet rather than using a personal, school or work email…
The main idea is to provide users with decentralized assets which don’t infringe on privacy and give complete ownership to users. However, a lot of cryptocurrencies have their drawbacks surrounding transaction speed and high energy usage. Though modern technology is quickly evolving to solve these…
Decentralized applications, or dApps for short, are computer applications that run on various decentralized systems. The Ethereum blockchain is the most popular platform for dApp deployment. There are already hundreds of dApps on Ethereum, and they cover a wide range of services, from games to…