delokoseni

This is my last article in the series of anonymous cryptocurrencies.

#Dash

How is anonymity ensured?

There are two types of transactions in Dash - a regular, “transparent” transaction, the data of which is available to everyone, and a private transaction “PrivateSend”. Further we will talk about the second type of transactions.

Anyone who has minted an NFT or transferred cryptocurrency somewhere at least once knows that there are transaction fees in blockchains. In this article I will tell you why they are needed and how to save on them.

There are two main reasons why blockchains have fees (network fees). The first reason is support for miners/validators. They are necessary to confirm transactions. The second reason is to ensure network security. The commission acts as a defense against attacks. Thanks to the commission, attackers most likely will not launch several hundred thousand transfers at the same time - it will simply be very expensive.

Recently I wondered how difficult it is to create your own cryptocurrency and what investments are needed. It turned out that there are several ways.

The first method is very complex, expensive, technologically advanced and requires large investments, both financial and mental. It includes creating your own blockchain, and creating a coin based on this blockchain, which will be used to pay all commissions on this blockchain. Examples: Ethereum, Bitcoin, Solana.

At the moment, there are quite a few cryptocurrencies that are considered relatively anonymous, for example: Monero, Dash, Zcash, SmartCash, Komodo, Horizen, Verge, NavCoin, PIVX, PIRATE and Zcoin. In this series of articles I will focus only on the first three, as they are the most popular.

But first you need to figure out why, for example, Bitcoin is not considered anonymous? Bitcoin is anonymous in the sense that you do not know the identity of the person who sent you the coins and he does not know the identity of the person whose wallet the coins arrived in. This is where the anonymity ends. Bitcoin was not developed as a means of anonymous payments, it was developed as a means of making payments without an intermediary in the form of a bank. All transactions in the Bitcoin blockchain can be viewed. Absolutely anything and anyone can do it.

At the end of the article, a cryptobox awaits all readers!

Today, the methods involve direct interaction with people on the Internet. I emphasize that the information was collected in order to protect you from intruders; you cannot do what is written below!

Method No. 1. Bank and SMS. The whole calculation in this method is on your laziness and inattention. Let's imagine that on some exchange you want to sell your tokens and receive rubles. You go to the p2p (person to person) section, create an advertisement for the sale of your tokens and select a bank among payment methods. The scammer responds to your ad, but in messages asks you to additionally send him your phone number, which is linked to the card, under some pretext, a limit, a desire to transfer through SBP, any nonsense. You, without suspecting anything, leave your phone number and receive a push notification about the amount you have received. The amount is correct, everything is correct and you transfer your tokens to the attacker. The mistake was that you did not look at your card balance. The fraudster simply wrote you an SMS in the bank chat about the transfer of funds, and you, inadvertently, considered this message to be real.

The first part of a series of articles about scam methods in the world of cryptocurrencies and NFTs. I emphasize that the information was collected in order to protect people from scammers; you cannot do what is written below!

In a series of these articles, I will only talk about some of the methods; it is simply impossible to talk about them all, there are too many of them and new ones appear regularly, the main thing that you can take away from the article are two things:

A stablecoin is a cryptocurrency whose value is tied to the value of any fiat currency (dollar, euro, ruble, yuan).

What are they used for? - it’s convenient to pay with them, since in essence it’s ordinary money, just in the blockchain, they are less susceptible to exchange rate changes, and with the help of them you can “fix” profits from the sale of another cryptocurrency.

To put it very simply, a domain or domain name is most often the name of a website. But it is not always the case. In this post I will tell everything using the example of the “.ton” domain zone; there are other domain zones that work on other blockchains, for example “.sui”, everything in them is approximately the same.

First, you should understand what a token is and how it differs from a coin. All cryptocurrencies that exist on their own blockchains (SOL, BTC, ETH) are coins. But cryptocurrencies that do not have their own blockchain, but exist on the basis of someone else’s, are tokens. Examples include 1INCH, The Sandbox, Aave - these are all tokens on the Ethereum blockchain.

#blockchain #btc #bnb #ethereum #etherium

A blockchain network is an infrastructure that allows transactions to be carried out on the blockchain. The blockchain itself is, simply put, an open database containing blocks (hence the name) with information about all transactions. The name “blockchain” can be translated as “chain of blocks”.