cryptochat

cryptochat

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


What Even is a Smart Contract Anyway?

15 Feb 2023 3 minute read 0 comments Violet64

If you have spent just 5-10 minutes in the crypto space you have certainly heard the term “smart contract” thrown around so much you would think it is the holy grail of crypto. But what even are they? What makes them “smart”? Why are they special and...

How to Safely Invest in Cryptocurrencies: Tips and Best Practices

13 Feb 2023 1 minute read 1 comment Violet64

Cryptocurrencies have been around for over a decade now, but they are still a relatively new investment vehicle for many people. While the potential returns can be enticing, investing in cryptocurrencies can also be risky. In this article, we'll prov...

The Future of Cryptocurrencies: Predictions for 2023 and Beyond

12 Feb 2023 2 minute read 0 comments Violet64

Cryptocurrencies have come a long way since the advent of Bitcoin in 2009. The industry has witnessed significant growth, with new digital currencies and applications being developed and launched almost every day. While cryptocurrencies are still a r...

Why cryptocurrency is not for the faint-hearted

11 Feb 2023 3 minute read 2 comments Violet64

Cryptocurrency has become a buzzword in the world of finance, with digital currencies like Bitcoin, Ethereum, and Dogecoin capturing the imaginations of investors around the globe. However, investing in cryptocurrency is not for the faint-hearted. Al...

Cryptocurrency Faucets: Are They Worth the Effort?

1 Nov 2020 2 minute read 0 comments Violet64

Cryptocurrency faucets have been around ever since the beginning of cryptocurrency, with early ones giving out upwards of 5 BTC (yes, you read that right, someone must have gotten very lucky indeed). Nowadays, faucets give small amount of crypto to u...

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...