BLOG for Crypto

Hello my fellow readers, do you own a car ? If we own a car, then we need to supply it with the fuel because the car need fuel to operating. Same as your car, Ethereum blockchain need the gas as the fee for running the whole network. Why Ethereum blockchain needs fee ? Well, every coins in cryptocurrency needs fee for the network, we can think it is like a small reward for people who supports the blockchain network behind such as miners, masternodes, stakers, validators, or etc.. Because Ethereum is a Proof of Work (PoW) coin, the fee will goes to the miner who mined the block as reward. The block reward of Ethereum now is 2 ETH. If you are solo mining ETH coin currently, you will get the reward more than the block reward, do you know why ? That is because the fee on Ethereum network is high at the moment. Now my question is, why the hell is that happens ? Many people confused about why they need to use high fee when send ETH coin or tokens. Not to mention that many cryptocurrency exch...

The traditional ways of doing things has been considered as the normal method regardless of the fact that it was crippled by a lot of flaws that made operations in traditional systems turn out ineffective, until the digital revolution set in. But even at that, the different applications created were all geared towards providing tools which will make activities to become easier both in the digital space and otherwise, but none of them actually possessed what is required to improve the different industries which are considered to be the pioneers of the ongoing digital revolution. The Blockchain technology came as a remedy to this problem, to bring improvement not only to the traditional sectors but to the financial system of the different sectors making up the global  system. Blockchain has been around for a while now, but irrespective of its time of creation, it has improved more systems than a lot of the traditional tools combined, a clear indication that the Blockchain has a...

Good day everyone, who don't know Monero ? Monero is the most famous privacy coin in cryptocurrency. If someone send Monero coin to your address, then you won't be able to know who are they because Monero is untraceable. You may know the address who send the coin to you, but you will never know whose address. In non privacy coins such bitcoin or ethereum, you may be able to know whose address that send coin to your address by tracing them in the explorer, but you cannot in Monero. Now, what is the point of privacy coin ? The privacy coin is used by people who doesn't want their identity revealed. We may wondering why they hide their identity. Well, there are some people who prefer to keep being unknown and this is not wrong. Things getting wrong when bad people such criminals using the coin to perform many anonymous transactions to hide their criminal activities. Because of that, there are some people who against the privacy coins. This was causing some cryptocurrency excha...