cryptochat

cryptochat

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


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...

A Comprehensive Guide To Crypto Lending and Passive Income

5 Aug 2020 5 minute read 3 comments Violet64

Welcome to the second release of my “A Comprehensive Guide To” series where I cover a new topic in-depth while trying to keep things simple. What is Crypto Lending and why should you consider it Put simply, when you lend out your crypto you are givin...

A Comprehensive Guide to Uniswap

3 Aug 2020 5 minute read 7 comments Violet64

Welcome to my new series “A Comprehensive Guide to” where each time I cover a new topic in-depth while trying to keep things simple.   What is Uniswap and what are its goals? Uniswap is a DEX (Decentralised Exchange) based on the Ethereum blockchain...

The Present and Future of the Statera Project

1 Aug 2020 3 minute read 0 comments Violet64

What is Statera? Statera is a relatively new project in the recently revitalised DeFi (decentralised finance) space. Projects in DeFi often focus on providing entirely decentralised financial solutions such as lending, exchanges, stablecoins and much...