How to DYOR for coins?

Do Your Own Research (DYOR) is a very important aspect if you are a cryptocurrency investor. DYOR got popular when many investors during the years 2016 and 2018 got scammed and lost all of their money. To counter these scams, people were encouraged to ‘Do Your Own Research’ to inquire […]

Are cryptocurrencies bad for environment?

In recent times, people are becoming more and more aware of the things causing harm to the environment. Similar is concern for cryptocurrencies. Cryptocurrencies are made through a process called mining. Mining is the process in which a miner solve complex math equations, and as a return, gets a portion […]

What is Initial Coin Offering?

Initial Coin Offering (ICO) is a way to raise money for creating a new coin. The concept is similar to that of an Initial Public offering except that ICO uses cryptocurrencies. The people who are interested in investing can invest in the new coin and in return receive benefits such […]

What is Ethereum?

Ethereum was first introduced in 2013 and then later launched in 2015. Ethereum is a cryptocurrency also called as Ether and is the most popular and commonly used cryptocurrency after Bitcoin. Just like every other cryptocurrency, Ethereum works on the basis of a blockchain network. Ethereum is a decentralized program, […]

How to purchase NFTs?

NFTs (Non-Fungible Tokens) are a representation of worldly objects for example music, art, videos etc. in the form of digital assets. NFTs can be expensive but here’s how you can buy them: 1. Majority of the NFTs are Ethereum-based tokens, which means that majority of the marketplaces accept Ethereum tokens […]

What are NFTs?

Non-Fungible Tokens (NFTs) are a representation of worldly objects for example music, art, videos etc. in the form of digital assets. NFTs can be bought or sold on digital markets and most commonly with cryptocurrency. Generally, they have the same software as many of the cryptos. Each NFT is a […]

How to backup your wallet through recovery phase?

Use the following steps to back up your wallet: 1. Head to the backup section in the settings of your wallet. 2. After clicking on the backup, write down the 12 words recovery phrase or the recovery key. Make sure you write it down in the order that it was […]

What is APY?

APY is the abbreviation for Annual Percentage Yield. In simpler terms, APY can be described as a method to measure how the interest compounds over a specific period of time. Compounding interest is the interest you earn over a period of time on your initial amount as well as the […]

How to mine Bitcoins?

Bitcoin mining is done by computers that are highly powered and are able to solve complex mathematical problems. So basically you need a powerful CPU to mine Bitcoins as well as a cryptocurrency wallet. Then you will have to join a mining pool, a group of miners that work together […]