Posts

Showing posts from January, 2021

Full explanation of what ERC20 is and how it works

Image
 A complete explanation of what the standard ERC20 symbol is and how it works. If you are wondering about ERC20 codes and how they work, then read the article until the last line. If what you read does not convince you, give us a comment that questions you, and we will explain more to you. Have you read articles about blockchain and Ethereum and come across terms like the standard symbol ERC20! And you find it difficult to understand the world of cryptocurrencies and blockchains, so let's explain to you our followers everything about what the standard symbol ERC20 is and how it works. Full explanation of what ERC20 is and how it works ERC20 standard tokens are tokens that are designed and used only on the Ethereum platform. They follow a list of standards so that it can be shared, exchanged for other tokens, or transferred to a different cryptocurrency wallet. The Ethereum community created these standards with three optional rules, and six mandatory. Optional rules Token name code...

What is Ethereum with a simple and in-depth explanation

Image
 During the first four years after the advent of the decentralized blockchain technology system, Bitcoin was the only pioneer in the blockchain industry. Other cryptocurrencies, such as Litecoin, were forks. The early developers who discovered the splendor of the blockchain system and the Bitcoin currency, took the basis of the code on which the blockchain was built, and came out with what is now called Ethereum, a system that added a lot to the crypto industry and the cryptocurrency industry, and made what was in the past almost impossible, very possible and is done It is widely adopted by government and private agencies. The characteristics of the BTC program symbol carriers limited the use of digital assets by the financial system and did not allow to reveal the full potential of the innovative technology. The result was the emergence of the currency and the Ethereum system, a cryptocurrency that became the main competitor to Bitcoin digital gold. Ethereum is a global tool for l...

Atomic swaps: what they are, how they work, and exchange services

Image
 Despite the increased volatility, the cryptocurrency market is developing and is constantly being replenished with new digital assets. By 2021, their number has reached more than 6,000 , most of which are present in different percentages in the portfolios of cryptocurrency investors and traders. The increased supply creates a need for cryptocurrency exchange. Until recently, it was carried out with the help of intermediaries - a cryptocurrency exchange or exchanger . But this implies a commission and additional conversion costs. What are atomic swaps Atomic swaps are a transfer and conversion technology that allows you to directly make exchange transactions without the involvement of third parties. Atomic Swap exchange transactions will allow you to make instant transactions. For the first time this technology was mentioned in the theoretical developments of Sergio Demian. But it was only in theory, without the possibility of implementation in practice. A year later, Tyr Nolan pre...

Bitcoin astro forecast for 2021-2022 and in the 10-year perspective

Image
 Astrologer Matthew Swann is famous for predicting the Black Swan, which turned out to be Covid-19. Swann made an unambiguous prediction back in October 2019, commenting that January 2020 will see an event that will shake the global economy and will not spare any country. And so it happened. Now the astrologer has earned the authority of adepts of divination sciences and has attracted the attention of specialists whose activities are related to finance. After all, it is known that, hoping for the best, one must insure against the worst, and insider is good in any form. Therefore, our magazine Mining-Bitcoin decided to acquaint readers with the forecast of the legendary astrologer for the next year or two in the context of finance and cryptocurrencies. For 2021, the astrologer predicted a techno-apocalypse - a tremendous shock to the world economy associated with the concepts of "technology" and "apocalypse". Cryptocurrencies will be the reason, and the forecast appl...

What is Bitcoin Gold or BCG simple and easy explanation

Image
 Do you know Alpetkoan of Bitcoin , where you complement and understand what is Bitcoin Gold or this article through BCG must recognize the encrypted currency basis for each encrypted currency of Bitcoin . In order to find out what is Bitcoin Gold or Bitcoin Gold. It is simply a coin from the original Bitcoin that will come with the second fork of the main Bitcoin during this year. It will launch on the miner charts on October 25, when for the first time we will see a physical copy of Bitcoin via Bitcoin Gold on November 1. What is Bitcoin Gold or BCG simple and easy explanation The goal of the new split is to change proof-of-work mining from Bitcoin SHA256 to Equihash, an ASIC-like memory algorithm similar to mining via GPU. This would allow everyone to participate in mining, even owners of weak mining equipment, because the main Bitcoin has become a mining monopoly among the giants who own the gigantic equipment. The main developer “h4x” posted on the channel for Bitcoin Gold or ...

Satoshi Nakamoto is the founder of blockchain and Bitcoin

Image
 Satoshi Nakamoto, we don't know who he is, but we know what he created. He is the inventor of the blockchain, the Bitcoin protocol, where he published a paper on the Internet via encrypted mail explaining the protocol in 2008, after which he launched the first version of the Bitcoin client program in 2009, and created a team and communicated with them via a mailing list In order to develop the project, until his news began to disappear gradually by the end of the year 2010, he was dealing with the team that he established on the open source of the program, but he was taking caution and caution and did not reveal anything that could reveal his true personality, and the last thing people heard about him is When he said he moved on to take an interest in other things. Satoshi Nakamoto is the founder of blockchain and Bitcoin Satoshi Nakamoto, we intuitively conclude that it is an Asian name, specifically a Japanese name, but according to analysts, the name can only be a synthesis of ...

What are smart contracts in a simple explanation

Image
  A simple and easy explanation of what smart contracts are, and their relationship to blockchain technology, is what we will present to you in this topic that complements the previous parts of what is a technology or blockchain technology. And with this, we will have completed all the explanation needed by people who are unable to understand everything related to the blockchain in a simple and uncomplicated manner about everything related to these modern technologies. In the previous two parts we talked about the agreement and its relationship with the blockchain and how to learn the blockchain , in this article we will talk about smart contracts or the automated smart contract that is executed automatically. In simplified ways, they are easy to understand in theory. Smart contracts or smart contracts A smart contract is an algorithm used to control and generate property information that automatically secures the contract for the benefit of the direct parties without the intervent...

What is the Stock Market and How does it Work - Simplified Explanation

Image
 As you reached this topic, dear reader, you are interested in knowing the Stock Market, its essence and how it works, and this may be your start to enter the Stock Market, trade stocks, bonds, participate in investment funds, Forex or foreign exchange, and all What is traded in the stock market and what exactly is sold in this market, you may look for the appropriate platforms to buy some stocks or bonds. We tell you that after reading all the lines of this topic, you will know what they are selling on the stock exchange or the Stocks Exchange, the essence and principles of the stock market. How to trade on the stock exchange and what is required for that. Add that you will enhance your knowledge of concepts and definitions surrounding the concept of the market. Regulation in the Stock Market today is one of the most popular types of money investment, allowing you to make high profits with moderate risk. The importance of the Securities Market cannot be overestimated, as it is a m...

What is ChainLink and how to buy and trade LINK coin

Image
 LINK currency does not stop rising, as for its ecosystem, it is developing significantly in the world of cryptography and the blockchain industry, and in order to shed more light in our Arab world about what Chainlink is and its cryptocurrency LINK, we offer you an easy and simplified explanation of what is Chainlink ChainLink and LINK coin, a link that takes you to invest in that LINK coin. Currently, Chainlink cryptocurrency is becoming increasingly popular. The main reason for this is the extensive development of smart contracts, which are among the major achievements in the world of modern technology. With the advancement of smart contracts this has a positive effect on chainlink's popularity. What is ChainLink? ChainLink is a decentralized oracle network that provides real-time data for smart contracts on a blockchain. LINK is the digital asset token used to pay for services on the network. To understand the benefits of ChainLink and how it works, you need to understand some ...