Altcoin News
Altcoin News

What are Bitcoin improvement proposals (BIPs), and how do they work?

How are Bitcoin improvements implemented? Bitcoin structure is made of software, hardware and energy resources, and governance is managed entirely through its code. By running a node, everybody agrees on the code rules. Being an open-source, decentralized cryptocurrency based on a proof-of-work (PoW) consensus system, Bitcoin has no central authority to decide future core protocol […]

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Play-to-Earn vs. Move-to-Earn explained

What are play-to-earn crypto games? Play-to-earn (P2E) crypto games are giving users the opportunity to earn in-game assets that can be exchanged for cryptocurrencies. P2E is a new component of the GameFi ecosystem. Normally, users are gaming online while using apps or websites like Minecraft and Roblox. But, the P2E trend takes it all a […]

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Where today’s DEXs are falling short, explained

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  • March 30, 2023

What are the benefits a decentralized exchange has over a centralized one? Decentralization means that a user remains in full control of their funds at all times. On a centralized exchange (CEX), transactions are facilitated by an intermediary, the platform itself.  By contrast, a decentralized exchange (DEX) enables users to transact directly. As a result, […]

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What is a seed phrase and why is it important?

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  • March 30, 2023

What is a seed phrase? A recovery phrase (also called a seed phrase) is a group of random words generated by the cryptocurrency wallet that allows users to access the crypto stored within.  One can consider it as a wallet comparable to a password manager for crypto, and the recovery phrase is similar to the […]

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The number of crypto billionaires is growing fast, here’s why

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  • March 30, 2023

Why are crypto billionaires rising every year? The adoption of the crypto market is increasing, which means that more money is going to various crypto projects. Due to the wealth potential, people invest in cryptocurrencies, leading to the rise of billionaires. Many people have started investing in crypto because of the great success stories that […]

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APR vs. APY: What’s the difference?

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  • March 29, 2023

What is APR in general? According to the Consumer Financial Protection Bureau (CFPB), the APR or annual percentage rate is the amount paid to borrow money. It’s also known as a credit card interest rate and is generated yearly.  For instance, if the APR is 5%, a $100 investment will provide a $5 return a […]

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What is Bitcoin hash rate and why does it matter?

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  • March 29, 2023

What is Bitcoin’s hash rate? The amount of processing and computing power being given to the network through mining is referred to as Bitcoin’s hash rate. A fixed-length alphanumeric code representing any length of words, messages, or data is called a “hash.” Blockchain technology is the foundation of Bitcoin (BTC) and many other cryptocurrencies. The […]

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The blockchain trilemma: Can it ever be tackled?

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  • March 28, 2023

What is the blockchain trilemma? Blockchains must balance between offering the best secure and scalable infrastructure while still staying reasonably decentralized. Is this a realistic future for Web3?  A fundamental building block for blockchains is decentralization, a functionality that enables people to transact without the requirement of a central authority. This formed the crux of […]

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How to protect against crime in the metaverse

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  • March 28, 2023

What is the dark side of the metaverse? The metaverse has the potential to alter the way we interact and engage with one another and technology. However, there are also possible drawbacks and risks, just like with any new technology. Potential problems with privacy, security and legislation are part of the metaverse’s negative side. One […]

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What are phygital NFTs, and how do they work?

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  • March 27, 2023

What does phygital NFT mean in crypto? Phygital NFTs go beyond just the virtual use cases of NFTs and connect real-world products to the virtual world while relying on Web3 design principles. The world is moving toward an experience economy focused on communities. As more businesses enter markets to serve their customers, one of the […]

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