Ebi

@ebidelii

1592 Following

584 Followers

Ebi pfp

What is a crypto wallet? Every normal user must have a digital wallet to connect to the network. A digital wallet is actually the key to accessing each person’s assets on the blockchain. To keep assets on the blockchain secure, asymmetric key cryptography is used. Therefore, a crypto wallet is nothing but a public key and a private key. The private key is the key that is used to decrypt incoming messages and sign outgoing messages. But the public key is provided to others to use to send their messages to us.

0 reply

0 recast

1 reaction

Ebi pfp

What are Ethereum Smart Contracts? A smart contract is a special protocol that is activated to participate in, confirm, or enforce the terms of a specific contract. Smart contracts perform transactions and processes in a fully secured manner without third parties. Smart contract activity and records are traceable and irreversible. Smart contracts contain all information related to the terms of the contract and automatically execute all targeted actions.

0 reply

0 recast

0 reaction

Ebi pfp

Shiba Inu (SHIBA) Cryptocurrency Analysis; Is there hope for the future? One of the most volatile currencies in the crypto world is a currency that turned some into billionaires in a week and brought others to the brink of bankruptcy in a few months; this meme coin, which has fluctuated nearly 400% in the past year and ultimately recorded a negative return of 38%, is called Shiba Inu. In 2012, Shiba Inu entered the crypto market with a strange goal and in a field that no one expected to take it seriously and invest extensively in it. This project was one of the first examples of meme coins and can be considered one of the flagships in this field.

1 reply

0 recast

2 reactions

Ebi pfp

How do Bitcoin transactions work? In simple terms, a transaction is announced from the wallet to the network. Miners confirm the transaction and record it on the blockchain. To send Bitcoin, you need two things: a Bitcoin address (public key) and a private key. A Bitcoin address is randomly generated and is a simple sequence of letters and numbers that you can share. The private key is another sequence of letters and numbers, which is the heart of your wallet and can be used to retrieve your wallet in other applications. You should not give your private key to anyone. If someone has your private key, it will be easy for them to access your wallet.

3 replies

0 recast

3 reactions

Ebi pfp

Types of Blockchain and Its Applications Until recently, everyone thought that blockchain only belonged to Bitcoin, but public awareness of the potential of this revolutionary technology is increasing day by day. Blockchain is a system for recording reports and information and a type of database that cannot be manipulated or deleted. Therefore, blockchain can be used wherever a database or database is used. Consider blockchain as a kind of fair judge that no one can fool. Digital currencies, elections, banking, the insurance industry, and ... are just some of the applications of blockchain. With blockchain, all intelligent processes can be carried out in the best way using decentralization techniques.

0 reply

0 recast

0 reaction

Ebi pfp

What is Blockchain Technology? Blockchain is a combination of the words Block and Chain. This technology is actually a chain of blocks. In general, blockchain is a type of information recording and reporting system. Its difference from other systems is that the information stored on this type of system is shared among all members of the network and, using encryption, it is impossible to delete or manipulate the recorded information. Bitcoin was the first application of this technology and used blockchain to store user information. If blockchain is an operating system, Bitcoin is software on this operating system.

0 reply

0 recast

1 reaction

Ebi pfp

Pai Network is currently trading at $2 on the pre-IPO market on the Maxis Exchange (MEXC). Pai Network is a blockchain ecosystem and development platform designed for broad access and real-world use. The project has over 60 million active users, of which over 19 million have completed the Know Your Customer (KYC) process and over 10 million have migrated to the Mainnet. Pre-market trading on MEXC is an over-the-counter (OTC) service that allows users to buy and sell tokens at desired prices before the official launch. This feature can help traders take advantage of pre-IPO market opportunities.

1 reply

0 recast

0 reaction

Ebi pfp

Who is staking suitable for? Staking cryptocurrency is also suitable for people who: are looking for less hassle-free passive income. prefer environmentally friendly approaches. have a low initial capital. are looking for a stable, specific and predictable income. are unable to go through the legal steps to obtain a mining license.

0 reply

0 recast

1 reaction

Ebi pfp

Who is mining suitable for? Cryptocurrency mining is suitable for people who have the following: Access to cheap electricity Sufficient initial capital to purchase a mining rig Technical knowledge Long-term investment horizon Licensed and able to pursue legal matters in some countries (for individual mining)

1 reply

0 recast

1 reaction

Ebi pfp

Profitability Depending on the model chosen, mining profitability can vary. If you manage to mine blocks individually, you will receive the entire block reward along with transaction fees. For example, by mining the position of each Bitcoin block, you will earn a total of 3.125 BTC units, which is a very significant income at a price of $100,000. In cloud mining methods and connecting to a mining pool, you also receive a reward depending on the power of the rented device and your share in the pool. However, in staking, your income can vary depending on the amount of currencies staked and the number of times you are selected as a validator. However, if you use the delegation method to participate in staking, each validator usually rewards you with a certain percentage. Of course, this rate can also change periodically depending on network conditions, but it provides more predictable and stable income compared to mining.

0 reply

0 recast

0 reaction

Ebi pfp

Technical and Hardware Requirements for Staking Another difference between mining and staking is that the latter method does not require any specialized equipment. Of course, purchasing the cryptocurrency of the chosen network is one of the requirements for getting started. For example, in Ethereum, you need to stake at least 32 Ethereum units for personal validation. In general: A computer A stable and powerful internet connection Buying the native cryptocurrency of the chosen network Technical knowledge

0 reply

0 recast

0 reaction

Ebi pfp

Technical and Hardware Requirements for Cryptocurrency Mining Due to the high competition, mining cryptocurrencies usually requires expensive specialized equipment. Of course, depending on the chosen cryptocurrency, this requirement can be lower. For example, to find a block on the Bitcoin network, an ASIC miner is needed, but for a currency like Ethereum Classic, where competition is less, a GPU is also suitable.

0 reply

0 recast

0 reaction

Ebi pfp

Staking Revenue Models There are two general approaches to staking, either solo or delegating cryptocurrency to others to participate in blockchain networks. In solo mode, you purchase the amount of cryptocurrency required by the network you want to stake and lock it in a smart contract. After that, depending on the amount of currency staked and the duration of your activity, you are selected as a validator and receive rewards for verifying transactions.

1 reply

0 recast

0 reaction

Ebi pfp

What is staking? Staking is a method of earning rewards and participating in the validation of transactions and providing security in blockchain networks based on the Proof of Stake (PoS) mechanism. In this method, network users, known as validators, lock or stake a certain amount of the network's native cryptocurrency in a smart contract and participate in the transaction validation process, in return for which they receive rewards from the network.

1 reply

0 recast

0 reaction

Ebi pfp

Which currencies are mineable? All Proof-of-Work-based cryptocurrencies are mineable. Some of the most popular include: Bitcoin Ethereum Classic Ravencoin Monero Litecoin Dogecoin Bitcoin Cash

0 reply

0 recast

0 reaction

Ebi pfp

Mining is a process in blockchains based on the Proof-of-Work (PoW) mechanism in which people active in the network, known as miners, compete with each other in validating blocks. The miner who is the first to find a valid block containing user transactions receives the reward for that block. To operate in such a system, specialized hardware equipment is usually required. In the network of some digital currencies such as Bitcoin, due to intense competition, you must use equipment such as ASIC Miner. However, in the blockchain of some other digital currencies such as Ethereum Classic, it is also possible to use a graphics card (GPU) at lower costs.

0 reply

0 recast

2 reactions

Ebi pfp

What is the difference between mining and staking? In the cryptocurrency space, mining and staking are two different ways to make money, differing in terms of revenue and profitability, initial and secondary costs, environmental impact, energy consumption, hardware requirements, and technical knowledge. Choosing whether to mine or stake cryptocurrencies to make money depends on your personal preferences, available capital, investment horizon, technical knowledge, and risk tolerance. @majidrpk @mheydari @fotuhi @zrad

1 reply

0 recast

2 reactions

Ebi pfp

0 reply

0 recast

0 reaction

Ebi pfp

Solana (SOL) price has fallen 14% since hitting an all-time high of $295.83 on January 19. Despite the drop, bullish sentiment remains strong and selling pressure for “profit taking” appears to have eased. This change suggests that there is a possibility of a rebound in price and SOL could retest and even break its all-time high. @majidrpk @mheydari @zraad @zrad @fotuhi

4 replies

1 recast

3 reactions

Ebi pfp

https://yo.steer.fun/?user=509544 @majidrpk @mheydari @fotuhi @zraad @zrad

1 reply

1 recast

3 reactions