Token Burning

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The London Hard Fork and the Goods and Bads Caused by it

16 Sep 2021 3 minute read 2 comments Cje95

When the London hard fork was being discussed a common misconception that was allowed to run rampant was that this upgrade to the Ethereum Network was going to stabilize and thus lower gas prices. After crossing the $1 BILLION worth of Ethereum I fee...

25 Ethereum Burning Every 1 Minute!

1 Sep 2021 1 minute read 0 comments xreadon

Ethereum is a cryptocurrency with the second largest trading volume and market capitalization in the cryptocurrency market. Certain amounts of commissions are charged for each transaction made with Ethereum. While some of these commissions are burned...

BFG burn July

6 Jul 2021 1 minute read 0 comments CryptoNik

BFG BurningBFG gets burned basically in two ways (besides team tokens burning); 1. AuctionBFG used to bid in auction gets burned. This seems to be a low amount, but any burned BFG is good of course ;) 2. Players losing BFGOfficially they just state t...

Vitalik burned billions worth of SHIB coin

3 Jul 2021 1 minute read 0 comments Lukros76

The famous and generous founder of Ethereum, Vitalik Buterin, in his endless good will recently announced that he had burned trillions of SHIB coins which is approximately $6 billion in USD. This was about 90% of his entire portfolio so he hasn't ent...

What Is A Ponzi Scheme?

26 Jun 2021 3 minute read 0 comments ben06x

Locking a certain amount for some predefined time and getting back in return +20%, +50%, +100% or sometimes +200% of what you invested, how is it possible?!! Do not make elusion, most of the time there is no project behind, just a Ponzi Scheme.   Wha...

Beagle Finance: Decentralized Finance for Everybody by Everybody!

15 Jun 2021 3 minute read 0 comments adriaparcerisas

  Introduction to Beagle Finance We have seen these past few months, especially with the advent of the Binance Smart Chain (BSC), that many projects were promising high APYs that were the temporary loss of betting an LP (liquidity provider) as a rew...

Tron (TRX), What Is Power, Bandwidth And Energy?

12 Jun 2021 2 minute read 3 comments ben06x

Tron (TRX) is the native token of the Tron Network. This protocol relies on a derivated Proof of Stake (PoS) consensus mechanism which enables in part not to rely on expensive hardware mining to mint block inside the blockchain network, but requires...

Dogecoin Sweepstakes, 1.2 Million $ Worth Of DOGE, Coinbase Giveaway

8 Jun 2021 1 minute read 0 comments ben06x

Coinbase has recently listed Dogecoin on its exchange platform, and pairs such as DOGE/USDT and DOGE/BTC are now available for trading. To celebrate this event, Coinbase has made a contest live from 3rd June to 10th June 2021, 1.2 million $ worth of...

Are Proof Of Stake Consensus Protocols Trying To Solve Challenges That Other Blockchain Technologies Are Facing At The Moment?

7 Jun 2021 6 minute read 0 comments ben06x

A consensus mechanism is a set of rules defining how transactions are enabled inside a blockchain network. This algorithm enables to operate in a decentralized way inside a blockchain, with total anonymity and transparency. The most known algorithms...

Stablecoins, Who Are They? What Are They Used For?

2 Jun 2021 8 minute read 2 comments ben06x

Have you ever heard of Tether, USD Coin, DAI, AMPL or other asset that claims to have a target price? I am sure yes, but if not, this post will make you understand how tokens, offering the possibility to accept crypto without worrying much about the...