Knowledge Base - Coin Guides

Bitcoin Ordinals & BRC-20 Token Guide – Comparison with ERC20 / NFTs

coinguides — Fri, 26 May 2023 02:30:19 +0000

Bitcoin Ordinals – A protocol that brought Non-Fungible Tokens (NFTs) to the Bitcoin blockchain. Ordinal Inscriptions allowed users to “mint” NFTs on the Bitcoin blockchain for the first time by inscribing data on a satoshi. Now with BRC-20 token standard which is a new implementation of Ordinals protocol we also have fungible tokens on the …

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Validators & Delegators in Staking – Who Validates and who Delegates?

coinguides — Sun, 07 Aug 2022 09:11:40 +0000

Staking Validators & Delegators. What are validators and delegators of a blockchain? Differences between validator and delegator. What is a token delegation and how they function. What are the requirements and incentives for validators and delegators? This post is everything you need to know about validator and delegator. Many cryptocurrencies are based on blockchain technology. …

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What is BNB Burn? Binance coin burning explained – Quarterly Auto burn

coinguides — Sun, 24 Jul 2022 02:17:18 +0000

Ever heard the term burn; “Coin burn” or “Token burn”. If you are following Binance or CZ – The founder of Binance on Twitter then you probably might have heard about the term “BNB burn”. Binance burns another $500M worth of BNB. Binance completes 19th quarterly #BNB burn where $795M USD has been burned and so …

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Recovery Seed Phrase, Passphrase, PIN & Password – What is the difference?

coinguides — Fri, 10 Jun 2022 03:33:39 +0000

Recovery Seed, Passphrase. PIN and Password. These are basic security features used by cryptocurrency wallets. If you are new to Bitcoin and crypto space then all of these terms might sound scary. It can get confusing for new Bitcoiners who are setting up their wallet for the first time. Many new users keep thinking what …

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What are bridges in blockchain and how do cross-chain swaps work?

coinguides — Tue, 19 Oct 2021 06:46:49 +0000

There is a lot of innovation happening in the Crypto / DeFi space. While Ethereum is the dominant blockchain for DeFi (Decentralized Finance) economy there are also many other chains building and developing competitive DeFi systems today such as: Algorand, Avalanche, Cosmos, Polkadot, Tezos, Solana etc. While these are building a parallel DeFi ecosystem to …

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What is a Multisig? How Bitcoin Multi-Signature wallets work?

coinguides — Sat, 19 Jun 2021 07:42:34 +0000

When you want to spend Bitcoin from your wallet you need to create a transaction and sign it with the corresponding private key. Its not a manual process. The wallet typically manages them automatically for you. By signing a transaction you are basically saying that “I have the key to mange these coins, I am …

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How do you Prove you own Bitcoin and Ethereum – Proof of address ownership

coinguides — Sun, 14 Mar 2021 04:46:11 +0000

Proving ownership of Bitcoin (BTC) and Ethereum (ETH)? “Not Your Keys, Not Your Bitcoin”. “Not Your keys, Not Your coins / crypto”. This is a common phrase mostly tweeted by the Bitcoin community. It not only applies to Bitcoin but also for Ethereum, Cardano, Litecoin and basically every other cryptocurrencies. What it means is that …

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How many Bitcoins are mined per hour / day / month & how many left to mine?

coinguides — Wed, 03 Feb 2021 09:38:06 +0000

“Bitcoin Supply: How many Bitcoins are there?”. The number of Bitcoins in circulation. How many coins will ever be created? How many left to mine? and How many Bitcoins are mined in a day / week and month? These are some common questions among Bitcoin beginners. Recently we explained the supply of Ethereum. Likewise here …

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What is ETH supply? How many ETH will ever exist? Ethereum supply explained

coinguides — Sun, 24 Jan 2021 05:35:59 +0000

Ethereum supply – What is the total supply of Ethereum? How many ETH are in circulation and how many ETH will ever exist in the future? These are some of the most common questions regarding Ethereum and is being debated over and over on a number of forums. As of writing this article there are …

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What Lock Time means in Bitcoin transaction: LockTime: Block height, Date?

coinguides — Wed, 06 Jan 2021 10:21:25 +0000

Upon constructing a Bitcoin transaction on electrum and core Bitcoin wallet you’ll find this option called Lock Time. On core wallet it gives an option to choose confirmation time target for your transaction. Whereas on electrum you can specify the block time and date. On most transactions you do not need to make use of …

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