Autor Cointelegraph By Christiaan Vos

Are Bitcoin transactions anonymous and traceable?

Are Bitcoin transactions anonymous and traceable?

Uverejnil používateľ | sep 3, 2022 |

It can be difficult to track Bitcoin transactions when people use various wallets and Bitcoin mixers. These factors disrupt the search process and take up a lot of time. Despite the fact that it is challenging for users of a Bitcoin wallet to conduct transactions completely anonymously, there are several ways to get close to anonymity. For example, it is possible to use a cryptocurrency mixer. In this case, it is a Bitcoin mixer, which ensures that it is more difficult to make Bitcoin traceable. This is done by mixing BTC transactions from different people together in a pool, then sending the transactions to the intended addresses. In addition, wallets can also be very difficult to monitor. If someone does not want their activities on the Bitcoin network to be traceable, it is possible to create a sort of smoke screen. By creating many crypto wallets and carrying out various transactions between these wallets, it can be more difficult for anyone to trace transactions and wallets. Both challenges are difficult on their own, but combining them can make tracking Bitcoin addresses a lot more difficult. Tracking transactions and wallets will take an enormous amount of time and energy.

Čítaj viac
The number of crypto billionaires is growing fast, here’s why

The number of crypto billionaires is growing fast, here’s why

Uverejnil používateľ | aug 28, 2022 |

Satoshi Nakamoto has more than 1 million BTC, making him the largest Bitcoin holder. He is followed by the founders of Grayscale and Binance, who together have about the same amount of BTC as Satoshi Nakamoto. When looking at the largest Bitcoin holders, there are a few parties that stand out. Of course, Satoshi Nakamoto, with a total of 1,100,000 BTC, has more significant holdings than number two and three holders of Bitcoin, namely Grayscale and Binance. These companies have over 600,000 BTC and 400,000 BTC, respectively, numbers that most Bitcoin investors can only dream of. Behind these top three Bitcoin holders are the cryptocurrency exchanges Bitfinex and OKX, both of which hold over 200,000 BTC. Then, with MicroStrategy and Block.one, there are two more parties that own more than 100,000 BTC. Below the magic limit of 100,000 BTC are a lot of anonymous wallets, but also well-known figures like the Winklevoss brothers. All these huge amounts are not stored in one wallet, but multiple wallets are used. For example, Satoshi Nakamoto uses about 22,000 wallets for storing his BTC, while Bitfinex and Binance both use a handful of wallets. In total, there are only five wallets where more than 100,000 BTC are stored, totaling more than 4% of the total amount of Bitcoin in these wallets. It is important to note that a huge amount of BTC allows Bitcoin whales to create a buy or sell wall effect. A buy or sell wall effect is a significant buy or sell order that causes a sharp change in price. With a sell wall, there is a good chance that the price will fall hard, while the opposite can happen with a buy wall. Purchase a licence for this article. Powered by SharpShark.

Čítaj viac
What is dollar-cost averaging (DCA) and how does it work?

What is dollar-cost averaging (DCA) and how does it work?

Uverejnil používateľ | júl 25, 2022 |

Many crypto enthusiasts just start investing in cryptocurrencies without a strategy behind it. However, they should be aware that an investment plan is essential when you begin investing in crypto. By sticking to a strategy, you will have a clear overview and become less susceptible to the substantial price fluctuations in the crypto market.Related: A beginner’s guide to cryptocurrency trading strategiesFor each investor, this investment strategy can be different. After all, you invest in a way that suits your financial goals and that you feel comfortable with. For many people, the dollar cost average method (DCA) is the way to invest their wealth. This is because through this investment method, you make clear agreements that feel manageable for many people.In addition, you can adapt the DCA method to your needs. DCA has some main features but also has room for your own interpretation. So in this article, we’ll cover the different ways DCA can work for you, what the benefits of this investment strategy are, and you can find out how to get started investing with the DCA strategy.What is dollar-cost averaging (DCA)?Dollar-cost averaging is a strategy used for investing in assets. You can use this strategy as a cryptocurrency investment strategy, but also with stocks, commodities or bonds. The investment product doesn’t matter, the strategy is so simple that you can apply it to any market.Related: Cryptocurrency vs. Stocks: Key differences explainedIn the case of DCA, it’s initially about investing a certain amount of money in a predefined asset and at a fixed time. This immediately gives you more oversight in investing and you know where you stand. This ensures that your emotions will be less influenced, something that can be difficult in the financial markets.The expectation with the DCA strategy is that the price of an underlying asset will increase over time. By buying periodically, you invest when the price is high or low. All these purchases result in one average purchase price, which should be lower than the value of an asset.How does dollar-cost average (DCA) work in crypto?DCA is a very popular strategy for cryptocurrencies. People who have periodically purchased Bitcoin (BTC) in recent years have a very low average purchase price. The crypto market has only been around for a few years, and many people expect a lot from this market in the future. Nevertheless, it is not guaranteed that DCA in Bitcoin will now provide the same return. Therefore, do your own research well before you start investing.Because blockchain technology and cryptocurrencies are still relatively new innovations, these developments could eventually become worth a lot of money. Here, it is important that the market continues to develop and adoption increases more and more. As an investor, you should therefore have confidence in the investment product you are going to invest in via the DCA method. How to start with dollar-cost averaging?Of course, it is really nice to understand how DCA works, but the most important thing is to apply the method. The most common way to apply DCA is to invest a certain amount of money in assets each month. This is because most people invest part of their salary and the salary is deposited on a fixed day.To make the DCA method a personal plan, you need to determine a few things for yourself, namely:For the DCA method, it is useful to choose a cryptocurrency that you expect to exist and increase in value in the future. This is why Bitcoin or Ethererum (ETH) are often chosen, as these cryptocurrencies are considered the most stable crypto projects.Besides how much and how often you are going to invest, it’s also important to decide how you want to do this. You can invest manually or automatically. By choosing a platform where you can invest automatically, you can effortlessly use the DCA method. This way, you can build up your crypto portfolio without looking back. Just realize that earning more crypto does not automatically mean more profit. When prices drop, your cryptocurrencies are worth less.Can you build crypto wealth using dollar-cost averaging?Many people think that dollar-cost averaging is not suitable for making large profits, but nothing could be further from the truth. When people think of an average purchase price, they often think of an average exchange rate price, but this doesn’t have to be the case. If you invest at a fixed time and the price corrects around that time, the average purchase price could be very low.Even experienced investors use the DCA method to get a good entry to the crypto market. This is because they know that it is very difficult to estimate the top or the bottom of the price. Only afterward can you state what the top or the bottom has been. This is precisely why experienced traders use the DCA method.However, experienced crypto traders do not invest a fixed amount on certain days of the month but use the corrections as a buying signal. This way of dollar-cost averaging is a lot more flexible but also involves more emotions. If you want to use this strategy, for example, it is important that you do not suffer from FOMO, or fear of missing out.The DCA method gives beginning investors the opportunity to invest in a similar way as experienced investors, as long as the method is executed well. Even for investors who have little knowledge or no time, this method can be very useful. As long as you make a plan in advance and stick to it, you can meet your financial goals.What are the benefits of dollar-cost averaging for crypto investors?Using the DCA method has several advantages for crypto investors. For example, you are much less affected by your emotions. Because the crypto market is enormously volatile, euphoric and sad feelings alternate at lightning speed. By not looking at the price and having your eyes on the long term, you put these feelings to rest.Besides that, it is a very simple method, which can be used by both beginners and advanced investors. You don’t need a lot of knowledge or time to apply DCA. The fact that it is possible to automatically execute the DCA through various exchanges makes this method both technically and mentally easy.When should you stop dollar-cost averaging?It may sound strange, but actually, you should never stop dollar-cost averaging. This method is often used when investing in crypto, but you can also use DCA when selling your assets. The strategy remains largely the same only the difference is that you press the sell button instead of the buy button.If you want to use the DCA method to build up a pension, for example, then you can actually continue using this method until you retire. Whether you’re doing dollar-cost averaging for retirement or for a shorter term, always make sure you have your plan well worked out in advance before you start investing.Is dollar-cost averaging safe?Dollar-cost averaging is a relatively safe way to invest, but there are always aspects to watch out for. In any case, this way of investing suits long-term investors. As the market evolves from time to time, however, this strategy may not prove productive in the long run.Despite the fact that you invest in a relatively safe way with dollar-cost averaging, you still have no guarantee of a positive return. That’s why you should always keep in mind that you can also lose your investment and never invest with money you can’t afford to lose.

Čítaj viac
What is a crypto airdrop and how does it work?

What is a crypto airdrop and how does it work?

Uverejnil používateľ | júl 14, 2022 |

For most crypto investors, there is nothing more important than making a return on their investment. Thanks to the volatility, this can be done quickly or it can be a hugely difficult task. That’s why crypto airdrops are an inexpensive way to make additional returns on your portfolio. After all, airdrop tokens are free and never hurt, right?Almost daily there are new crypto airdrops, with some easier to obtain than others. Not every airdrop is equally reliable. Crypto airdrops always seem very lucrative at first, but they can also cause problems. To make sure you can profit from crypto airdrops, but also see through any pitfalls, you can read all about crypto airdrops and how they work in this article!What is a crypto airdrop?A crypto airdrop is a method by which you can earn free crypto from a crypto project. There are several ways to receive these tokens. Many times an airdrop is associated with free cryptocurrencies, but this is not necessarily true. You have to put in time and effort or you may have to deal with transaction fees. However, it is also possible to participate in an airdrop for free!Related: What is cryptocurrency? A beginner’s guide to digital currencyYou’re probably wondering; how do crypto airdrops work? Crypto projects have a certain amount of available tokens that they give to people who meet eligibility requirements. By completing tasks, you can become eligible for these tokens. There are several ways to participate in crypto airdrops. Often you have to sign up for an airdrop or perform other actions. After completing tasks or winning the tokens, you can claim them or they will be deposited into your wallet.Examples of crypto airdropsThere have been hundreds of airdrops in the past, including the airdrops of leading crypto projects. There are therefore a huge number of examples of crypto airdrops. Airdrops have been occurring for years in the crypto world. The first airdrop ever took place back in 2014. Back then, a crypto project even handed out 50% of all tokens during an airdrop.The crypto project, called Auroracoin, has its cryptocurrency token, known as AUR. The project had plans to make AUR the national cryptocurrency of Iceland. Therefore, the entire AUR airdrop went to Icelandic citizens, who could receive a total of 31.8 AUR per individual.Many airdrops also followed in the years after the Auroracoin airdrop, including those of slightly more well-known cryptocurrencies. For example, in 2016 and 2017, respectively, Stellar Lumens (XLM) and Bitcoin Cash (BCH) organized cryptocurrency airdrops, distributing their airdrop coins to Bitcoin owners. Bitcoin Cash gave away one Bitcoin Cash token per Bitcoin, which was worth thousands of dollars at its peak.Another well-known crypto airdrop is UniSwap’s airdrop, in which the governance token UNI was given out to users of the decentralized exchange (DEX) in 2020. In total, over 250,000 accounts received 400 UNI per account, which totals thousands of dollars per person! A very lucrative airdrop if you can sell your UNI tokens at the right time.Different types of crypto airdropsThere are several different types of airdrops, all of which have unique characteristics. Crypto projects often see airdrops as a marketing tool where they try to grow as a project through the airdrop. For example, projects may be looking for more brand awareness and new users or they may want to reward their first users.The motive of a crypto project is of course related to the type of airdrop. There are a few types of crypto airdrops that are common, namely:Standard airdropIn a standard airdrop, tokens are distributed for free and you do not have to perform any particular actions. All you have to do is create an account somewhere and then give your wallet address. There may be only a certain amount of tokens available for the airdrop, so you need to get there early. These crypto airdrops are hugely popular because you can participate easily and it is free crypto because of this. To distribute the tokens fairly, the distribution can take place via a draw. In this case, you have a chance to win free crypto, but you are not guaranteed to win the airdrop.Bounty airdropWith bounty airdrops, you can receive rewards for completing tasks. These tasks take a fair amount of work, so the price you pay for free cryptocurrency tokens consists of energy and effort. Often the tasks are not difficult but are valuable for a crypto project. This is why new projects are increasingly choosing this method of token airdrops. Some examples of the activities are:Holder airdropWith a holder airdrop, you can receive cryptocurrency tokens if you hold a certain number of tokens of another cryptocurrency. The amount of your airdrop is determined based on a snapshot. At a certain moment, a snapshot of your crypto wallet is made. This moment is often a fixed date, but it can also be during a certain period. Based on the amount of tokens in your wallet, you can expect to receive a certain amount of cryptocurrencies.How can you find upcoming crypto airdrops?You can find upcoming crypto airdrops in several ways. Of course, you can consult search engines like Google, and several websites have mapped out the current airdrop offerings. Often you can find not only airdrops in progress, but also upcoming airdrops.Some websites do not show questionable airdrops in advance because they do not want to risk their reputation. Some platforms indicate the extent to which they trust the airdrop in question. Regardless of the opinion of an airdrop website, it is still wise to do your research and pay close attention to an airdrop.In addition, there are often crypto platforms that launch airdrops for people who have used the platform in the past. These people then become eligible, without knowing it beforehand. To qualify for possible airdrops, you can start using swap platforms. When you use swap platforms that are built on a blockchain with low transaction fees, you can qualify for an airdrop very cheaply.How do NFT airdrops work?Most airdrops are about cryptocurrencies, but there are also airdrops where you can get nonfungible tokens (NFTs). Just like crypto airdrops, NFT airdrops can be organized for promotional purposes. If you want to qualify for an NFT airdrop, there are several ways to accomplish this. Related: How to store NFT assets — A beginner’s guideSometimes you have to perform certain tasks, just like with the crypto airdrops, but the token issue can also be done through a lottery. In addition, you may also need to own another nonfungible token from a particular NFT collection to qualify for the airdrop. For example, owners of a Bored Ape Yacht Club (BAYC) NFT received ApeCoin tokens as airdrops. NFT airdrops can also involve risks, as airdrop phishing also occurs at NFTs. Therefore, always make sure that you only participate in reliable airdrops and never share your data.Are crypto airdrops safe?Often crypto airdrops seem harmless and safe, but this is not always the case. Scammers have also found ways to scam people through airdrops. They have found ways to harm crypto enthusiasts by taking away cryptocurrencies or private keys. Stay alert and pay close attention to airdrops, especially when high amounts are promised that are too good to be true. It is important to remember that it is never wise to connect your crypto wallet to an untrustworthy party or give up your private keys.There have even been fraudulent airdrop actions where scammers deposited cryptocurrencies. These tokens turned out to be fake and were unsaleable. To make sure you don’t become a victim of a scam, it can be useful to research the team behind the crypto project and find out what others think.

Čítaj viac
What is SolScan and how to use it?

What is SolScan and how to use it?

Uverejnil používateľ | júl 7, 2022 |

When you are looking for information about certain transactions or tokens on the Solana blockchain, SolScan is the tool to use for this purpose. This tool is trusted by many venture capitalists, such as Solana Ventures and Alameda Research. In addition, there are over 2 million monthly users, totaling over 180 million data requests.Related: What is Solana, and how does it work?Most crypto enthusiasts know Etherscan, the Ethereum blockchain explorer, where you can, for example, find all tokens on the Ethereum blockchain. In addition to Ethereum, there are several blockchain protocols that are experiencing tremendous growth in adoption, including Solana. To find out what’s going on at the Solana blockchain, you can check out SolScan. Therefore, in this article, you can discover everything about SolScan.What is SolScan?SolScan is a data analytics platform for researching certain information on the Solana blockchain. Solana has its own blockchain explorer, the Solana explorer, which counts as the official explorer of the Solana blockchain, but SolScan is an extremely popular alternative to it. Through SolScan, it is possible to easily view the transaction data on the blockchain. Because of the many different numbers and long codes, a blockchain can sometimes look confusing, but through SolScan, it is a lot easier. Through SolScan, you have access to everything that happens on the Solana blockchain. You can view transactions but also smart contracts, blocks and tokens on the blockchain.SolScan accountLooking for SolScan benefits? One advantage of SolScan is that it is completely free to use for anyone. Also, you do not need to create an account to take a look at the blockchain, but it is possible to create an account. Using an account will provide enhanced functionality, you can easily view your own transactions, for example.Solana ecosystem scanning toolFor ease of use, it is very important to have blockchain explorers. After all, a blockchain is used for transactions, which can be easily tracked through the explorer. If you are not sure if a transaction was completed successfully or your balance is not displayed properly, you can discover what is going on via SolScan, for example.Because the Solana ecosystem consists of various decentralized applications (DApps), there are an enormous number of applications that people can use. Especially during busy periods or when a problem has occurred with the Solana blockchain, it can be useful to have a scanning tool for the entire ecosystem. Because SolScan is made for the Solana blockchain, SolScan gives users the ability to examine the entire ecosystem on the blockchain.Considering blockchain technology is new territory for many people and can be quite difficult to use, crypto companies often try to make the layout as simple as possible. This is also the case with SolScan. The layout of SolScan is very similar to that of EtherScan, the blockchain explorer of the Ethereum blockchain. Because Ethereum has been around a lot longer and is ahead in terms of adoption, it is easy for users to make the switch to SolScan.SolScan featuresThe SolScan explorer has a lot of features which ensure that you can explore the entire blockchain of Solana. First of all, the homepage of the tool is already a very interesting page full of information. For example, here, you can discover the supply of Solana (SOL), the cryptocurrency of Solana. In addition, you can see how many SOL are staked and how many transactions have been made in total.Related: What is cryptocurrency? A beginner’s guide to digital currencyHowever, it’s not just the homepage that is interesting: There are several features within the platform in addition. Under the headings Analytics and Blockchain, you can discover various figures and statistics, which we will come across in more detail later in this article.In addition, among other things, there is a DeFi Dashboard, where you can get a better overview of decentralized finance (DeFi) on the Solana blockchain. You can also find out about staking on SolScan. From staking to unstaking, you can find a lot of information about this through SolScan analytics.How to use SolScan?So, SolScan has several features, but how do you use these features? On the blockchain explorer, the search function for addresses and transactions is the most frequently used feature. People are often looking for information about a particular transaction or token, so it is logical that these features pop up.By entering the correct data in the search function, you can quickly and easily view various data such as transaction costs, wallet addresses and much more. To help you understand SolScan’s most frequently used features, we highlight the activities around transactions and addresses below.SolScan transactionsEach transaction on the Solana blockchain is registered with a signature on Solana’s mainnet. This signature consists of several numbers and letters, which together form a long string of both characters. Want to know more about a particular transaction? Copy the given code and paste it into SolScan’s search bar.Blockchain technology stands for transparency, which is evident in the transactions on Solana. Pressing enter will then take you to a menu, where you can find all the information about the transaction. This information is divided into three categories:OverviewSOL Balance ChangeToken Balance ChangeWhen you click on Overview, you can find all the interesting details of the transaction. Here, you can think of the block code, fees, date and time and any added notes. The other categories show the changes in the balance of both addresses between whom the transaction has taken place.SolScan addressesIf you want to find out more about a particular address, it works pretty much the same way as with transactions. In fact, if you want to discover the history of a particular address, you can find these historical activities with a few clicks of a button.First, it’s important to find the right Solana address, the one you want to know more about. The code of the address is a lot shorter than the signature of a transaction, but it also consists of both numbers and letters. By copying this code and then pasting it into SolScan’s search bar, you can find a listing of the address in question.How to find tokens on SolScan?If you want to find tokens on the blockchain explorer SolScan, you can also use the search bar. This multi-purpose search function works just as easily when finding tokens as it does when finding information about transactions and addresses. If you want more information about tokens on the Solana blockchain, you can enter the token address of a token in SolScan’s search bar. Often, you can find the token address of a token on the website or through social media channels. If this fails, you can also often find it on websites such as CoinGecko and CoinMarketCap. Who should use SolScan?The Solana community can use SolScan to access the important data here. When you have problems with or questions about transactions, it is very convenient to consult SolScan. For example, when you are uncertain about a transaction, the information from SolScan can be a great help. Especially when it comes to large amounts, it is a pleasure to know what is going on with a transaction.Sometimes it takes a while for your crypto to arrive in your wallet, or it appears that the transaction has yet to be completed. If you want to avoid these problems, you can send a small amount first, to test if everything goes well with the transaction. Of course, this is not a 100% guarantee, but this is the way mistakes can be avoided.SolScan alternativesAmong many users of the Solana blockchain, SolScan is a widely used tool. However, there are several blockchain explorers that might suit you better. For example, there is an official Solana blockchain explorer. SolScan is an alternative to this but is not the only one in this. Besides SolScan, tools like Solanascan and Blockchair are also blockchain explorers, which operate on the Solana blockchain. These Solana explorers have a different layout. If you like to use EtherScan for the Ethereum blockchain, the transition to SolScan is a lot easier in this case.

Čítaj viac
  • 1
  • 2

Získaj BONUS 8 € v Bitcoinoch

nakup bitcoin z karty

Registrácia Binance

Burza Binance

Aktuálne kurzy