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Tag: Ethereum

what are nfts - crypto

What are NFTs?

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NFTs, or Non-Fungible Tokens, are a new form of digital asset that represent real-world objects like art, music, and in-game items. They are bought and sold online, frequently with cryptocurrency, and they are generally encoded with the same underlying software as many cryptos. What this means is that an NFT is not fungible: each one is unique. And if one has been sold, there can be no other exactly like it. This makes them similar to...

Blockchain, Ethereum, Featured, Guides, NFTs

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ethereum difficulty bomb - Ticking Bomb by puroticorico

What is the Ethereum difficulty bomb?

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The Ethereum network is facing its own version of a “difficulty bomb” that will start to slow down the current blockchain system. The Difficulty Bomb is a difficulty adjustment algorithm that is designed to make block mining more difficult over time. It was originally implemented with the goal of incentivizing miners to switch to Proof-of-Stake (PoS) mining. The difficulty bomb was first announced in 2015 and was originally set to go live...

Cryptocurrencies, Ethereum, Front page, News

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Web3

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In short, Web3 is about taking back some control from the tech giants that dominate today’s web. Web3 is a movement to make the internet more secure, private, and powerful for its users. It’s about giving you the option to control your data and how you interact with the web, instead of being bombarded with ads or tracked by third parties. It’s also about making you feel more secure when you’re online, whether that...

Ethereum, Glossary, Web3

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ethereum 2.0

Ethereum’s Metropolis Hard Fork Won’t Launch in June

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Ethereum’s shift to proof-of-stake might have to wait a little longer. After a few weeks of speculation, Ethereum core developer Tim Beiko confirmed in a tweet Tuesday that the long-awaited Ethereum Merge will come later than expected. Instead of June, Beiko said that the network’s transition to proof-of-stake is more likely to come “in a few months after.” It won't be June, but likely in the few months after. No firm...

Ethereum, Featured, Staking

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what is a rollup in crypto

What is a rollup in crypto?

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Among the new functions of the Ethereum network to solve its problems of scale, speed, and transaction costs is the “rollup” function, which is an off-chain method of carrying out transactions. A rollup is a method of performing transactions outside the main Ethereum blockchain and sending only the outcome of those transactions back to the main Ethereum network. This allows for a higher volume of transactions to be settled on...

Cryptocurrencies, Ethereum, Featured, Guides

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