The Terra LUNA ‘stablecoin’ crash was the biggest drop in crypto history for a single coin. Not long ago, the coin was worth $119.18 USD per token. Now? At the time of writing this, the price per token is a dismal $0.0002111 per token, rounding the coin to a 100% loss. In spite of this, […]
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Privacy tokens are used for anonymous transactions. The basis of an anonymous transaction is ensuring that a) wallets cannot be linked to personal information, and b) the transaction details are scrambled and untraceable. How is this done? The network obscures token transfers from end-to-end. Orders are then fulfilled and validated by anonymous miners. By leveraging modern cryptic privacy techniques
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The crypto market has been a bloodbath over the last two days. Bitcoin dropped down to levels sub-30K, an 11% drop from its 38-39K stance, which it had been trading sideways at since March. More shockingly, however, the Terra algorithmic stablecoins UST (pegged to the US dollar) and counterpart LUNA, both plunged when the crypto
Market crash and Terras undercollateralization Read More »
Trust Wallet is one of the most secure and easy to use decentralized wallets in crypto. Here’s how to activate and navigate moving from a centralized exchange to your first decentralized wallet. Wallet set-up First, download the Trust Wallet app from the app store. Once downloaded, tap the option labelled “Create a new wallet.” You’ll
How to get started with Trust Wallet a step-by-step guide Read More »
Decentralized social networks are a relatively new idea. Conceptually, they highlight many underlying issues with the current way social media is built, and provide solutions to create an environment that benefits the user primarily. The issues with the current state of social media Centralized social media has several major issues. The first is censorship, such as
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The Paradox Metaverse is a relatively new project. Publicly released in mid-February this year with little detail about it, the project has slowly unraveled itself, revealing a far more competitive multi-dimensional game than its quiet release hinted at. What it features This is a metaverse game that is to play, unlike most metaverse worlds that require the
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Crypto futures can be described as a peer-to-peer contract between a pair of investors betting on the price of a cryptocurrency. Similarly to both stocks or commodities, futures in the crypto space allow investors to bet on the price trajectory of a cryptocurrency or pool of cryptocurrencies. The contract of the underlying asset is a derivative
What are oracles? Oracles are a third-party service used to deliver specific information to smart contracts. Think of them as a bridge for necessary data between the outside world and the blockchain, between off-chain data and on-chain data. Keep in mind the oracle itself is not actually the data, but rather the layer that requests, verifies,
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Inside the world of crypto where there is no bank or institutional oversight, users are responsible for the security of their own token holdings. Generally speaking, crypto security is practically impenetrable, but human error can be a single point of failure. Every day, new users fall victim to crypto attacks from scammers as they don’t
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The Blockchain was created in 2008. Though the underlying technology behind Bitcoin was initially thought to simply be a counterpart of the first cryptocurrency, the revolutionary potential slowly became realized. Now let’s backtrack to the actual creation of blockchain technology. Where did it come from? The Origin of The Blockchain Blockchain wasn’t an entirely new
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