Is Ethereum a pyramid scheme?
Bitcoin and Ethereum are the new money. Altcoins are the new technology.
What is Ethereum
Eth is a decentralized, open-source blockchain with smart contract functionality. Ether is the native cryptocurrency of the platform. Among cryptocurrencies, Ether is second only to Bitcoin in market capitalization. Eth was conceived in 2013 by programmer Vitalik Buterin.
Eth is the second-biggest cryptocurrency by market cap after Bitcoin
How does Ethereum work?
ETH-based apps are built using its key innovation: “smart contracts.” Smart contracts, like regular paper contracts, establish the terms of an arrangement between parties.
Difference between Ethereum and Bitcoin
ETH differs from Bitcoin in its ability to build and execute smart contracts. Smart contracts enable a vast ecosystem of applications on ETH, such as stable coins (which are pegged to the dollar by smart contract), decentralized finance apps (collectively known as Defi), and other decentralized apps (or dapps).
Who created Ethereum?
Was created by a 19-year-old computer and Bitcoin Magazine co-founder) named Vitalik Buterin in 2013. released a whitepaper proposing a highly flexible blockchain that could support virtually any kind of transaction. In 2014, Vitalik, along with a team of cofounders including Gavin Wood, crowdfunded the development of the ETH protocol with the sale of $18 million in pre-launch tokens. In 2015, the first public version of the ETH blockchain launched in July, and smart contract functionality began to roll out on the ETH blockchain.
How is new Ethereum created?
Today, new ETH have created my miners.
How to buy Ethereum?
You can buy, sell, send, and also received Eth.
Is Ethereum a pyramid scheme?
That’s what former Wall Street trader and well-known bitcoin bull Max Keiser thinks. Saying that altcoins are just scams that should stop existing is quite a controversial statement for a popular crypto strategist if you ask me.
Ethereum Price Today
In a way, though, he’s kinda right Bitcoin and altcoins should be viewed and treated differently, but it’s not because altcoins are “a scam.” It’s because $BTC, in my opinion, serves the purpose of a store of value asset rather than groundbreaking technological advancement, which applies to many altcoins out there
Take Elrond $EGLD that’s building a highly scalable platform for the new internet economy. Or Covalent $CQT that’s developed an API to aggregate information from across dozens of sources including nodes, chains, and data feeds.
Visit CRYPTO NEWS
Eth is a decentralized, open-source blockchain with smart contract functionality so we believe ETH have a long way to go with ETH having the most smart contract trading both token and NFT.
We are still on a bull run in the crypto market, You only have to avoid greed and fast money making.
Do not take out a loan to invest in cryptocurrencies like Ethereum. Don’t invest want you are not ready to loss. Cry to market is a game of win and loss, you can win today loss tomorrow. So be wise and do some research before investing in any crypto.
How to Import a Watch Address on Trust Wallet, Exclusive Update
Watch Address Trust Wallet, How to Import a Watch Address in Trust Wallet. This can be a great way to keep an eye on your funds in any wallet, but especially a cold wallet while still keeping the private keys off the internet.
What is a Watch Address?
A Watch Address is basically the receiving address or wallet address. Importing any supported Cryptocurrency address will allow you to view the tokens and collectibles, as well as transactions associated with the said address. When importing your address, you cannot do any transactions with the wallet.
This can be a great way to keep an eye on your funds in any wallet, but especially a cold wallet while still keeping the private keys off the internet.
Watch Address Image
What Watch Address Can Do?
- You can view that address’ transaction history
- You can view the volume and price of tokens associated with that address
- You can send tokens to that address
What Watch Address Cannot Do?
- You cannot send funds from that address to exchange (like Binance
- You cannot send funds from that address to another wallet
- You cannot sign smart contracts
- You cannot use the DApp browser
Importing a Watch Address on Trust Wallet
What is Trust Wallet?
Trust Wallet is an easy-to-use, actual multi-chain noncustodial wallet, which allows you to store and manage over 6 million crypto assets 528 including NFTs across 68+ blockchains—no more storing your assets 528 across multiple custody wallets or exchanges! You’ll have peace of mind knowing all your assets are in one safe place.
Your private keys are stored on your device and your assets 528 on-chain meaning you are in full control at all times. Trust Wallet gives you the ability to natively buy, swap, and stake 98 your favorite crypto without having to leave the app and also connect to dApps with the in-built DApp 165 browser.
Trust Wallet is used by over 50 million people worldwide!
Don’t have Trust Wallet yet? Download here: Trust Wallet App
Importing Wallet Address in Trust Wallet
We will now proceed to the process of importing a wallet address for viewing purposes. In this scenario, we will choose to Import an Ethereum wallet.
How to Access Wallet Import Screen
- Open Trust Wallet and then tap on Settings.
- In the Settings screen, you will find here Wallets.
- Tap on the “+” sign on the upper right to access the Import Screen. Tap on Ethereum. We are choosing Ethereum here, but of course, you can import any wallet within the supported chains seen on the import screen.
Type the Wallet Address on the Address tab of the Import Ethereum screen. Alternatively, you can scan the QR code(if you have one). Put a Name so that you can easily recognize the wallet. Once you are done typing, just tap on Import.
Don’t have Trust Wallet yet? Download here: Trust Wallet App
BNB Chain Network Upgrade, Trust Wallet and Binance will Support the Upcoming Upgrade on BNB Chain Epic
BNB Chain network. BNB Chain network upgrade allows for more computing power on BNB Beacon Chain for security and governance. BNB smart chain. BNB
BNB Chain network
This upgrade allows for more computing power on BNB Beacon Chain for security and governance. With this upgrade, DEX features are removed from BNB Beacon Chain, with the DEX features remaining on BNB Smart Chain.
BNB Chain network Upgrade
For Trust Wallet User
Trust Wallet will support the upcoming BNB Chain network upgrade. This will occur at the block height of 264,000,000, estimated on September 2, 2022, at approximately 6:00 UTC.
For Trust Wallet
- This will mean we are removing the exchange tab functionality for BNB Beacon Chain, which will not be present in the app for placing new orders.
Swaps of BNB will still be available.
For more info, click here
For Binance Users
Binance will support the BNB Beacon Chain (BEP2) and Beam (BEAM) network upgrades and hard forks.
- The BNB Beacon Chain (BEP2) network upgrade and hard fork will take place at the BNB Beacon Chain block height of 264,000,000, or approximately at 2022-09-02 06:00 (UTC). Deposits and withdrawals on the BNB Beacon Chain (BEP2) will be suspended starting from approximately 2022-09-02 05:00 (UTC).
- The Beam (BEAM) network upgrade and hard fork will take place at the Beam mainnet block height of 1,920,000, or approximately at 2022-09-02 09:00 (UTC) . Deposits and withdrawals for BEAM will be suspended approximately starting from 2022-09-02 08:00 (UTC).
- The trading of tokens available on BNB Beacon Chain (BEP2) and BEAM network will not be affected during the network upgrades and hard forks.
- The BNB Beacon Chain (BEP2) network upgrade and hard fork will take place at the BNB Beacon Chain block height of 264,000,000. The estimated time is for users’ reference only.
- The Beam (BEAM) network upgrade and hard fork will take place at the Beam mainnet block height of 1,920,000. The estimated time is for users’ reference only.
- Binance will handle all technical requirements involved for all users.
- The BNB Beacon Chain (BEP2) and Beam (BEAM) network upgrades and hard forks will not result in new tokens being created.
- We will reopen deposits and withdrawals for BNB Beacon Chain (BEP2) and Beam (BEAM) network once we deem the upgraded networks to be stable, and we will not notify users in a further announcement.
- Where any discrepancy arises between the translated versions and the original English version, the English version shall prevail.
For more information on the network upgrades and hard forks, please refer to the following:
Read More on BNB Chain network Upgrade, click here
How to Take your Crypto Knowledge to an Advanced Level
Crypto Knowledge. you’re missing one important fact. No one was born a trader with a 95% success rate on all trades. No one has raised a successful investor with a 10,000% ROI.
Crypto Knowledge Level
You probably follow a bunch of Telegram or YouTube channels related to crypto and think to yourself, “Sh%t, this guy knows so much, I could never come close to his level of success.
But you’re missing one important fact. No one was born a trader with a 95% success rate on all trades. No one has raised a successful investor with a 10,000% ROI.
The success you see is the result of battle-tested skills, tons of experience and years of learning. FYI, huge elements of such knowledge are derived from open resources that are also available to you
This archive contains 99% of the info you need to become an ADVANCED crypto user. Devour it and train your brain
ETH miners will become poor
ETH miners. Ethereum Merge has been delayed a couple of times now. Finally, we’re supposed to see it in August this year. At least Tim Beiko, Ethereum developer coordinator, says Eth Miner. Ethereum.
Ethereum Merge has been delayed a couple of times now. Finally, we’re supposed to see it in August this year. At least Tim Beiko, Ethereum developer coordinator, says that the probability of another delay THIS TIME is between 1%-10%. The last hope of ETH miners to stay afloat is slowly fading away.
The Merge, a big upgrade to the network that will introduce a proof-of-stake consensus mechanism instead of proof-of-work that requires mining, can reduce Ethereum’s energy consumption by about 99%.
For miners, this is devastating, since a lot of them have spent about $15 billion on graphics processing units (GPUs) alone, not to mention additional costs, such as electricity bills, etc.
If the legendary Merge happens, ETH miners will be left with no choice but to choose a new cryptocurrency for mining. Monero, Ravencoin and Ethereum Classic are the most popular choice so far
Bit.Country has announced the launch of incentivized testnet in 2022
Bit.Country & Metaverse. Right now you can join their testnet competition in creating various metaverses on the platform. Bit.Country coin. Bit.Country token price. Bit.Country metaverse.
Bit.Country & Metaverse. The network is a platform & blockchain ecosystem for user-created metaverses, games, and dApps. Community owners, influencers, KOLs, and individuals can launch their own metaverses for their members, fans, followers, families, and friends.
Project partners include Animoca Brands, Moonrock Capital and others + this is probably one of the biggest metaverses that Polkadot will ever see.
Right now you can join their testnet competition in creating various metaverses on the platform.
- 1st-10th place: from 12 to 1 Raw land block units on the Canary Network on Kusama
- 10th-100th place: a limited edition NFT that will boost users’ staking rewards by 10% for 14 days
STEPS TO PARTICIPATE
Create a Polkadot.js wallet if you haven’t yet
Deadline: July 28
Details: CLICK HERE
Know more about Bit.Countr