Useful articles from category "Education and Guides"

In 2024, according to Cyvers, hacks and frauds in the crypto industry resulted in users losing more than $2.3 billion. Some of the biggest crypto attacks of the year include WazirX, Radiant Capital and DMM Bitcoin with losses of hundreds of millions of dollars in each case. This is why smart contract vulnerabilities in the DeFi sphere are increasingly showing the need to implement robust identity detection and verification mechanisms such as KYC.

The cryptocurrency industry has undergone a significant number of transformations since its emergence. Users have witnessed the birth of a huge number of trends: ICOs, NFTs, DeFi, airdrops and, of course, retrodrops.

Monero (XMR) is a cryptocurrency that is characterized by a high level of anonymity for users and their transactions. Monero was designed to be untraceable on the internet. A transaction on the Monero blockchain cannot be tied to a specific user or real person because the cryptocurrency is fungible. This means that two separate Monero coins are absolutely identical online and cannot be distinguished from each other.

Dogecoin (DOGE) is an open-source peer-to-peer decentralized cryptocurrency. The main area of peer-to-peer currencies is considered to be money transfers.

The growing popularity of cryptocurrencies has led to the emergence of alternative financial services, which can be used to solve financial problems faster and more efficiently compared to the traditional market. The history of crypto-loans began with the blossoming of DeFi in 2020. 

Mining digital currency has long been one of the most trending ways of earning money in the blockchain sphere. Every year, mining cryptocurrency becomes more and more complicated, because this process requires a huge amount of electricity, expensive hardware and decreasing every 5 years the reward paid to participants for protecting the network, if we are talking about bitcoin.

A study by Chainalysis, which every year assigns a global index of cryptocurrency usage to each country, has ranked Ukraine 6th among all countries in the world in 2024, passing only India, Nigeria, Indonesia, the United States and Vietnam.

Airdrops are one of the most profitable outreach strategies as they involve engaging the most loyal audience, whose online activity can then be tracked to understand the level of interest in the token/NFT/project.

Every year on May 22, bitcoin enthusiasts celebrate Bitcoin Pizza Day – the day Laszlo Heinitz exchanged 10,000 coins for two pizzas.
As of this writing, Laszlo would have $973,903,500 worth of BTC. It’s hard to imagine how much you can buy with that kind of money. For example, you could own one of the most expensive islands in Thailand, Rangyai, which is worth $160 million. And in addition, you could buy a Boeing 747-430.