Blockchain

Binance To Build 'Digital City' In Nigeria To Develop Blockchain Projects

Binance To Build ‘Digital City’ In Nigeria To Develop Blockchain Projects

Nigerian authorities sign agreement with Binance The Exchange will act as the main contractor for the construction of "Digital City" This is a virtual free economic zone Today, September 5, the Binance crypto exchange officially announced a partnership with the government of Nigeria. The company will commit itself to create a digital economic zone, which will lead...

How Will The Transition To PoS Affect Ethereum?

How Will The Transition To PoS Affect Ethereum?

There are only a few days left before the Ethereum merger. According to the latest data, the event will take place on September 14 at 02:08 Moscow time. In the cryptocurrency space, this is considered one of the most significant transformations in history. But it is worth noting that in two weeks the merger (The Merge) will take place...

Bank Of America Declares The Value Of Blockchains

Bank Of America Declares The Value Of Blockchains

Representatives of Bank of America (BofA) rejected the claim that blockchains do not carry any intrinsic value. In a new report, the organization noted that the leading networks provided massive commissions, which positively impacted the development of ecosystems. According to the company's experts, blockchains and internal applications created are of great importance and benefit developers and...

How To Start Cryptocurrency Farming?

How To Start Cryptocurrency Farming?

In 2022, the correction affected all areas of the digital market. Despite the decline in performance, the DeFi sector is not losing popularity. One of the drivers of decentralized finance is profitable farming. Investments in liquidity pools and lending platforms bring high returns - up to 4000% per year. Risk is limited by coin novelty and volatility. In 2018-2020 such platforms...

ASIC Chips For Mining

ASIC Chips For Mining

The protracted correction in the digital market does not affect the popularity of cryptocurrencies. As the number of users grows, the algorithms of top networks become more complex. This forces miners to increase their mining power. In Asics, hashing is performed by mining chips. Thanks to such microcircuits, the power of one ASIC is equivalent to the...

Features Of PoS Mining

Features Of PoS Mining

As of July 5, 2022, there are 2 methods of mining cryptocurrencies - according to the Proof-of-Work (PoW) and Proof-of-Stake (PoS) consensus algorithms. Mechanisms have many differences. However, the mining of digital assets by Proof-of-Stake is becoming more popular yearly. The efficiency of the consensus algorithm explains this fact. PoS mining is the extraction of digital assets by...

Mining On RAM

Mining On RAM

Cryptocurrency mining is a costly process. With the increasing complexity of top networks, mining costs have increased. In 2022, a home farm of 6 video cards will cost 300-500 thousand rubles. Therefore, developers began to think about more economical ways to mine digital coins. Mining on RAM is considered an alternative solution. In 2022, there is not yet a...

Is It Dangerous To Mine On A Home PC?

Is It Dangerous To Mine On A Home PC?

Cryptocurrency mining requires a high hashrate. Plus, the equipment is usually under heavy loads around the clock. However, many participants in cryptocurrency networks use PCs to mine digital assets. Many of them poorly understand the principle of operation and design of computers. Therefore, users do not know if it is dangerous to mine on a home PC. In practice, mining...

What Is GameFi?

What Is GameFi?

The main thing GameFi or game finance are blockchain projects that allow users to earn money through gameplay.  The model combines game mechanics, elements of decentralized finance ( DeFi ), non-fungible tokens ( NFT ), as well as metaverses. According to the data for 2021, the GameFi segment tokens turned out to be the growth leaders; among them are the Gala...