Articles by tag - Ethereum

Pros and Cons of Layer 2 Solutions

Ethereum is Layer 1, it has problems with scalability, very expensive transactions to solve these problems, was created a new Polygon Layer 2 blockchain, where they took into account all the shortcomings that were associated with Ethereum with the help of smart contract protocols. But there is a big minus, Layer 2 solutions are centralized, therefore they are deprived of the main advantage of the blockchain, using Layer 2 solutions, there is always a risk associated with the honesty of the team that controls this manual blockchain.

2023-04-12 1 year ago

The Ever-Expanding Universe of Ethereum: Exploring the Impressive Number of Projects Built on the Blockchain

This article provides an overview of the numerous projects built on Ethereum, the popular blockchain platform that was created to support decentralized applications and smart contracts. It highlights some of the most popular Ethereum-based projects, such as Uniswap, Aave, and MakerDAO, and explores the broad range of applications they support, from decentralized exchanges to prediction markets. The article underscores the rapidly growing number of projects built on Ethereum and their potential to transform various industries by promoting transparency, security, and trust. By the end of the article, readers will have a better understanding of the Ethereum ecosystem and the various ways in which it is being utilized to power decentralized innovation.

2023-04-11 1 year ago

How to Build Your Own Cryptocurrency Mining Rig: The Complete Guide

As the crypto economy continues to grow, crypto mining is getting a lot of public attention. The COVID-19 pandemic has caused a colossal downturn that has led cryptocurrency traders to encourage mining as a new way to generate passive income. In addition, countries have begun to see an increase in the purchase of GPU cards, which are the main element for creating a cryptocurrency mining rig. Even in Abkhazia, where all cryptocurrency transactions have been banned for the past two years, it has been reported that citizens have recently spent about $500,000 on mining equipment. In addition, the ever-increasing prices of Bitcoin and Ethereum are another important reason for the increase in cryptocurrency mining activity.

2022-02-22 2 years ago

Bitcoin vs Ethereum

2009 is truly a revolutionary year in the crypto space. This is primarily because it was the birth year of Bitcoin (a digital currency that competes with fiat money). As you all know, Bitcoin has done more than just create a virtual asset. He helped technological innovators realize the idea of ​​blockchain technology. Using the same technology, Ethereum, an application development platform, emerged in 2014. Fast forward to 2021, there are hundreds of cryptocurrencies on the market, with Bitcoin and Ethereum topping the crypto asset chart. But, which of these cryptocurrencies is a good bet in 2021?

2022-02-22 2 years ago

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