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Bitcoin illiquid supply reached a new ATH of 15.2M BTC this week, whilst exchange balances have fallen to the lowest levels since Jan 2018 at 2.3M BTC.
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What does pegging mean in crypto? You already know what stablecoins are, and it’s likely that you use USDT or another stablecoin on a regular basis. However, stablecoins are not necessarily “pegged” only to the United States dollar but also to other real assets—e.g., the euro, other currencies, stocks, and even gold. #bitcoin #pegging
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What is a testnet? You may have come across the terms “mainnet” and “testnet” in the blockchain world. So, let’s break it down. A mainnet is a “live,” basic version of a blockchain. For example, if you go to the OpenSea marketplace right now and buy NFTs, you will have interacted with the mainnet of the Ethereum network. On a testnet, there is also cryptocurrency, which is largely similar the real one: It can be stored in a wallet, received, and sent. The difference is that testnet coins have no value. It’s like money from Monopoly: If you accidentally lose it, nothing bad will happen. In general, on a testnet, developers test and polish their ideas, whereas on a mainnet, they present them to all users. #Worldcoin #testnet #googleai #BinanceTournament
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What is the meaning of Doxxed? In the cryptocurrency world, the term “fully doxxed” means that a person’s identity in the real world has been revealed publicly, either through a leak of personal information or intentional distribution. Depending on the individual or project, this issue is a point of contention, as many people use cryptocurrencies to remain anonymous. The term “doxxed” comes from the word “docs,” which is short for “documents.” However, sometimes, doxxed can also be used positively—e.g., when discussing the founders of an NFT collection. If the founders of an NFT project are doxxed, it’s a good thing because it means that anyone can get to know their story and background, which adds to the transparency of the NFT collection. #googleai #Worldcoin #BinanceTournament
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What is Red flag meaning in Crypto ? A “red flag” is an alarm or ominous sign indicating a problem with a crypto project. For example, you’re researching an NFT collection and see that its funders are new to the NFT world and aren’t known in the community. That’s a red flag. Or, say, the collection’s website is unkempt with grammatical errors—indeed, that’s another red flag. #googleai #Worldcoin #BinanceTournament
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GPU vs. CPU mining This post is a general overview of GPU and CPU mining. It’s simple: These are two types of mining that use different parts of the computer. CPU mining is when you use the computer’s processor (the computer’s brain) for the task. Processors are good at various tasks but not as good at the large and complex calculations that mining requires. GPU mining is when you use the graphics card (the visual brain of the computer) for mining. GPUs are built for fast and complex calculations (mostly for gaming), which makes them more efficient for mining. As a result, GPU mining usually generates more revenue, but the hardware is also more expensive. Did you think it was impossible to mine on a CPU? Well, yes, you can! (although not very efficiently). #BRC20 #bitcoin #GPU #CPU
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