The Importance of Decentralization

The Importance of Decentralization

We see decentralized cryptos all over the place, but what makes decentralization so important to the crypto world? Let's take a closer look at the meaning of decentralization and how it applies to blockchain technologies.


Wrapped Tokens Explained

31 May 2021 2 minute read 8 comments Gongo

Have you ever wondered why you can't use Bitcoin on Ethereum?  Vice versa?  Different blockchains have different functionalities and they cannot communicate with each other.  The Ethereum blockchain doesn't interact with or know what's going on with...

Yield Farming Explained

30 May 2021 4 minute read 17 comments Gongo

Yield farming is the wild west of Decentralized Finance (DeFi).  Here, farmers compete to get a chance to "farm" the best "crops".  It's a way to essentially make more crypto with your crypto.  It involves lending your assets to others via smart con...

The Future with Proof-of-Stake

22 May 2021 3 minute read 3 comments Gongo

Proof-of-Stake (PoS) is a consensus algorithm were a person can mine or validate block transactions according to how many coins/tokens that person holds.  PoS was created as an alternative to Proof-of-Work (PoW), the original consensus algorithm in...

China Hates Cryptocurrency

22 May 2021 3 minute read 8 comments Gongo

Well... not China as a whole, but specifically the Chinese regulators.  It's that time of year again where China cracks down on Bitcoin and all other cryptocurrencies.  This time, Chinese regulators have tightened restrictions that ban financial ins...

Rising Above the Panic of Crypto

13 May 2021 4 minute read 6 comments Gongo

It's a new month for crypto.  Everyone is riding the "moon-wave", everyone is watching the market rise in value, everyone is watching their portfolio climb up the ladder.  But nowadays, it seems like the simplest tweet can cause Bitcoin to plummet,...

Ethereum 2.0 Explained

8 May 2021 3 minute read 6 comments Gongo

Ethereum, or ETH, is the second largest crypto by market cap.  It functions on a decentralized software platform where smart contracts and decentralized apps, or DApps, can easily be built.  As of writing this article, there are thousands of DApps t...

Crypto Wallets - Hot vs Cold

8 May 2021 4 minute read 2 comments Gongo

Congratulations!  You purchased your crypto and it's just sitting in your exchange wallet (ie Coinbase or Binance).  You are excited watching your investment increase in value all throughout the day.  Then, you read an article saying that you need t...

Crypto & Millennials

7 May 2021 3 minute read 2 comments Gongo

Millennials are the demographic cohort using the early 1980s as the birth years through the mid-1990s to early 2000s being the ending birth years.  This means that at the time of writing this article, millennials vary in ages between 25 and 40, as 1...

PancakeSwap - A Closer Look

3 May 2021 2 minute read 5 comments Gongo

Do you love some warm pancakes with syrup drizzled over them?  Do you love crypto?  PancakeSwap might be the right place for you!  PancakeSwap has been bustling with business lately with the hyped up, new DeFi tokens coming into the crypto market. ...

A Closer Look at Smart Contracts

3 May 2021 2 minute read 4 comments Gongo

You know about Ethereum and how it differs from Bitcoin if you've read my previous article here.  I spoke about Smart Contracts just a tad in that post, but never really dove into the topic.  Today's the day where I do that!I am not sponsored by any...