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Author: CryptoPress

What are NFT avatars?

What are NFT Avatars?

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The most common kind of asset created on the Ethereum blockchain network is non-fungible tokens (NFTs). ERC stands for “Ethereum request for comment” and refers to the network’s many phases of development. The most widely used standard is ERC20, which was adopted in 2015. USDT (USDT), USDC (USDC), Basic Attention Token (BAT), and Dai (DAI) are just a few of the well-known digital currencies that utilize the ERC-20...

Blockchain, Featured, Main, NFTs

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What are Cryptocurrency and Tips for Beginners

What are Cryptocurrency and Tips for Beginners

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Cryptocurrency is simply a type of currency only in a computerized format. It is a digital asset formulated to operate as an exchange medium wherein transactions are stored on a decentralized ledger called ‘blockchain.’ It is a modern way of conducting business and has many merits. It eradicates the requirement for a governing body. Transactions are done on a P2P (peer-to-peer) network without the need for intermediaries.  ...

Blockchain, Cryptocurrencies, Exchanges

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London Fork

London Fork

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Cryptocurrency investors may be aware of the “London hard fork,” a significant Ethereum update. London’s hard fork occurred nearly exactly on time at 12:33 p.m. UTC on Thursday, during the height of the 12,965,000 block, bringing in EIP 1559. The ‘London hard fork’ is a forerunner to Ethereum 2.0 and introduces significant changes to the network, including how mining will be done in the future and the...

Ethereum, Featured, Main

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Mainnet

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A mainnet is a fully developed and released version of a blockchain network. This stands in contrast with a testnet, which is generally used to perform tests and experiments on a blockchain before a mainnet is released. Testnets are used while a blockchain is live for experimentation and development as to not disrupt the main chain. How Does a Mainnet Work? There are a few key phases that may occur before the mainnet stage. When a token...

Blockchain, Glossary

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Halving

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A halving, or halvening, is when the payout for mining new blocks is cut in half. Halvings occur at regular periods. It takes approximately four years for Bitcoin’s block reward to be halved. Halving is a system that aims to solve the problem of bitcoin emission. it does this by automatically raising block rewards after a set period of blocks. What exactly is halvening? During a halvening, block subsidies or incentives for...

Glossary, Staking

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