cryptochat

cryptochat

Welcome to my blog, where I try to create educational and entertaining articles taking about anything and everything in the crypto space!


PayPal and Cryptocurrency – The Good, The Bad, and The Ugly

25 Oct 2020 3 minute read 3 comments Violet64

The famous (or rather infamous sometimes) payments giant PayPal announced recently they will be adding support for buying and selling 4 of the top Cryptocurrencies. Something people have been speculating about and hoping for perhaps as soon as Bitcoi...

A Comprehensive Guide To Liquidity Providing and Impermanent Loss – Part 2

1 Oct 2020 4 minute read 1 comment Violet64

Welcome to part 2 of my guide to everything about LPs and IL, you should read part 1 first here.   A deeper dive into Impermanent Loss As discussed in part 1, IL is experienced when the price of two assets in a liquidity pool changes relative to each...

A Comprehensive Guide To Liquidity Providing and Impermanent Loss – Part 1

28 Sep 2020 4 minute read 5 comments Violet64

Finally tackling perhaps, the biggest term in the DeFi space, one that has drawn in billions of dollars in value into the space and has been highly confusing for beginners. The idea of providing liquidity to a market is nothing new, it is essentially...

Uniswap Token – The Token That Broke Ethereum

17 Sep 2020 3 minute read 16 comments Violet64

Over the DeFi boom that has occurred on Ethereum a common theme with new platforms was giving out a governance token. COMP, YFI, CRV and many others are examples of this where tokens were bought or farmed by users in order to be able to vote on the f...

The Road to Ethereum 2.0

10 Sep 2020 3 minute read 26 comments Violet64

Over the past multiple years perhaps the biggest thing everyone in the Ethereum community (and even the wider crypto community) has been looking forward to is Ethereum 2.0. The long-awaited upgrade to the Ethereum chain brings along many much-needed...

Taking Profits: Why, When and How

6 Sep 2020 3 minute read 11 comments Violet64

The world of cryptocurrency is a very volatile one, just over this week major cryptocurrencies like bitcoin and Ethereum have went up 10-30% and proceeded to dump up to 50% then go back up over the past day. Clearly this is not a market for the faint...

A Comprehensive Guide To Compound

23 Aug 2020 6 minute read 2 comments Violet64

Over the past 2 months the new buzzword in crypto has been DeFi, with everyone in the space jumping on it, creating tokens ranging from the major successes to the typical scams. Compound has successfully staked its claim as a major player in the DeFi...

How Easy is it to Actually Attack a Blockchain?

16 Aug 2020 3 minute read 0 comments Violet64

Security in the cryptocurrency space is of utmost importance. After all what good is a decentralised blockchain if a hacker can simply change the coin’s supply, censor it or even halt the chain to the ground. Different ways have come up over time to...

What’s with Ethereum’s Insane Fees?

14 Aug 2020 2 minute read 0 comments Violet64

A quick intro to Gas Any operation performed on the Ethereum network requires the user to pay a fee called Gas to the miners who run the network. Your actual Gas fee is made of two components, Gas cost and Gas amount. Gas cost is how much ether you a...

Mining in 2020, is it Still Viable?

7 Aug 2020 3 minute read 3 comments Violet64

A quick history of mining Back in the very early days of bitcoin, mining was only done on CPUs. This allowed almost anyone to join in and mine bitcoin at a relatively good pace all alone. However, as time went on, new ways to mine began emerging, fir...