This is a guest post by @justgoscha
Using NFTs to get some income as an artist is pretty daunting. What’s added on top is the heavy pushback from some of the art community online. In the following write up, I want to discuss some of the controversies surrounding NFTs, and then provide an ethical way of how they can be used.
There might still be better ways, so I would be happy if you provide your thought-out opinions in response.
There are known controversies surrounding NFTs. People claiming, it’s a Ponzi scheme, or the destruction to the environment it causes. With claims as high as one NFT burns as much energy as a 1-family household in a month. Depending on the NFT platform and blockchain these concerns are valid.
Continue reading An Ethical Way to Sell NFTs as an Artist
Your very first prerequisite to getting around the world of cryptocurrencies will be a reliable and secure crypto wallet. To help you in this task, we give you this in-depth Meatamask review, with all the bells and whistles within. Here, you will learn about the basics of this crypto wallet, its main features, pros, and cons.
Additionally, we provide some best practices for storing and sending ERC-20 tokens and collectibles on this versatile wallet. And finally, you will learn how to add various other blockchains onto the wallet other than the Ethereum network. This includes two popular solutions; the Binance Smart Chain and Polygon (Matic).
Let’s get started with an overview of Metamask and a brief explanation of crypto wallets for those less familiar with the concept.
Continue reading Metamask Review – Full Guide to the Most Popular Ethereum Wallet
If you have ever wanted to get an answer to the question “What is Ethereum?”, you couldn’t have come to a better place. This article delves deep into the basics of the #1 smart contract platform. It will attempt to give you a good understanding of the Ethereum blockchain and its cryptocurrency, ETH.
So, what’s the big deal behind Ethereum? Isn’t it just another cryptocurrency like Bitcoin? Well, not exactly. There are actually some good reasons behind the hype. Ethereum is much more than just a digital currency for transferring value over the internet. The second-largest cryptocurrency by market cap provides us with a worldwide supercomputer that developers can use to decentralize almost every industry known to man, starting with finances.
Continue reading What Is Ethereum – A Complete Guide to the #1 Smart Contract Platform
In the fast-paced world of cryptocurrency, it is common for tens and even hundreds of new projects to come and go without a trace. But in the midst of these fleeting entities, it is also not unusual for some real success stories to make their presence known.
One such cryptocurrency platform is Solana, which has established itself as the next big project of the industry. With the project’s scalability, speed, and overall capability being touted as some of its selling points, it is not unusual for anyone to take an interest in it.
So exactly what is Solana and what does it do? Fortunately, the answers are not hard to find. To help you hold a firm grasp over this rising star of blockchain, here’s a lowdown on everything about Solana.
Continue reading The Complete Guide to Solana (SOL)
Approximately every four years, the cryptocurrency market undergoes a bullish cycle. In 2021, however, things are a bit different. While previous bullish markets could be linked to just a couple of events, a wide variety of factors have contributed to this price increase this time around.
Institutional interest in Bitcoin, the rise of DeFi, and skyrocketing meme coins are just a few that are worth mentioning. One major catalyst is the explosion of the NFT ecosystem and the digital collectibles market. NFT marketplaces have recorded volumes of $10.7 billion in Q3 2021 alone, which proves the success of this cryptocurrency niche.
Continue reading Best NFT marketplaces to buy, sell and trade digital collectibles
Unless you live under a rock, you have likely observed how non-fungible tokens (NFTs) have taken the internet by storm. Whether you spend your time scrolling Twitter or browsing through Facebook, it’s not uncommon to see a news article or a random comment mentioning NFT at least once a week.
But there are many reasons behind this popularity. For starters, these digital assets can represent any property, allow the easy transfer of ownership, and give you bragging rights for owning creations on the web.
Due to these factors, it’s not difficult to determine why NFTs have become such a powerhouse phenomenon across the web. But what still remains a mystery to many people is exactly how do you value an NFT after its creation.
Continue reading What Drives the Price of NFTs?
As cryptocurrencies grab more attention from the media and ordinary investors, and the market capitalization has climbed into the hundreds of billions of dollars, global regulators have had an increased interest in the growing sector.
This interest has affected the entire cryptocurrency market, but it has seen Bitcoin facing the most scrutiny as the oldest and most valuable cryptocurrency.
Continue reading Is Bitcoin Legal? Legality of Bitcoin by Country
Software development has used the term “forks” for a very long time as a way to describe a change in protocol, and since blockchain technology is based on software code it shouldn’t be surprising to know that this technical term is used in connection with Bitcoin and other cryptocurrencies.
Because forks are fairly common we should understand what they are and why they occur, and the logical place to begin with our study of forks is with Bitcoin, since it was Bitcoin that started the cryptocurrency revolution.
Continue reading What is a Bitcoin Hard Fork? Here’s What You Need to Know
It’s tragic that only ten years after the advent of Bitcoin we’re already making a genuine distinction between so-called private and non-private cryptocurrencies. Public-key cryptography is what made cryptocurrency possible and the founders of this revolutionary technology had only one thing in mind when they created it and that is, you guessed it – privacy.
The birth of the cryptocurrency represents a historical moment that cannot be portrayed as just a dot on the graph of technological progress. No. Bitcoin is a political statement. A statement for privacy and financial sovereignty. It didn’t just come out of the clear blue sky, and it wasn’t just Satoshi’s eureka moment; the idea of cryptocurrency has deep philosophical and ideological roots sprawling back to the Cypherpunk movement of the early 90s.
Continue reading RingCT vs zk-SNARK: The Ultimate Guide to Monero and Zcash Privacy Mechanisms
What is Tezos? Simply put, Tezos is a blockchain based, smart contracts platform that works on a self-governance and self-evolution model.
If the words “blockchain” coupled with “smart contracts” bring to the surface popular platforms like Ethereum and what some describe as the Chinese equivalent, NEO in your mind, then you might not be the only one.
Fortunately, the team at Tezos seems to be aware of that fact, since it promises that Tezos does indeed have significant differentiation over other blockchain platforms. The Tezos team primarily points to the self-amending properties of their platform.
Continue reading What is Tezos? Complete Review