BcCryptonian

Introduction Are you hesitant to get into skyrocketing Stock and Crypto prices? Well, you should be, because asset prices tend to bubble and eventually pop, leaving many uninformed or novice investors with massive losses while only the smart investors take a lion's share and get out of the market with huge profits. This is one of the main reasons why the rich get richer and the poor get poorer . Why? Because the rich are financially smart, they make smart moves with money that leaves the middle income and low-income earners helpless wondering what happened to their money when it comes to risky investments.  But don't worry, by reading this article, you will understand why market bubbles form and what causes them to pop. If you read this article, consider yourself lucky because I'm going to teach you some insights that you won't find easily online. Before we jump into how bubbles form and what causes them to pop, let's first understand what really happens in a financ...

Introduction In cryptocurrency transactions, when a user carries out a Bitcoin or any other crypto transaction, the network nodes must verify its authenticity before recording it on the blockchain .  These nodes ensure that the transaction hasn’t been altered or compromised by a third party during the transmission and that it was genuinely sent by the rightful owner. But how do they confirm this? That’s where digital signatures come into play. What is a Digital Signature in Cryptocurrency Digital signature is a cryptographic tool that is used to prove the authenticity and integrity of the transaction. In the crypto world, the digital signature is used to prove that the owner of a specific amount of   cryptocurrency   has authorized a transaction to transfer it to someone else. A simple analogy to understand is a handwritten signature on a bank cheque. When you sign a cheque, you are authorizing the bank to transfer a specific amount of money to someone else's account. T...

What is a multi-signature wallet?  A multisignature wallet or multisig wallet is a type of cryptocurrency wallet that requires multiple signatures ( private keys ) to authorize and execute a transaction. Simple Analogy: Joint Bank Account Imagine you and your partner opened a joint account. This means both of you need to authorize any withdrawal of funds from the account. A single person's approval is not enough to withdraw money, since it's a joint account.  Similarly, in a multisig wallet, multiple private keys are required to approve a transaction before funds can be moved, just like how both account holders need to sign off on a withdrawal. Single-Signature Wallets Vs. Multi-Signature Wallets In a traditional single signature wallet, the wallet generates  private keys  which we control, therefore we don't need someone else's approval to sign a transaction.  However, this is entirely different with multisig wallets. These wallets require the approval of a cer...

What is MetaMask? MetaMask is actually a free and open-source software wallet that is designed to help you to access the whole Ethereum ecosystem. This wallet actually allows you to: ✅ Store and manage Ethereum (ETH) and Ethereum based tokens. (tokens are the Crypto projects built on the Ethereum blockchain that follow Ethereum standards like ERC-20 and ERC-721) ✅ Interact with decentralized apps (dApps) , trade NFTs , and interact with Defi Projects ✅ Connect to multiple blockchains beyond Ethereum such as Binance Smart Chain (BSC), and Avalanche. 📌 In simple words, MetaMask allows you to store and manage Ethereum based cryptocurrencies and also provides you access to a lot more other feature in the Ethereum ecosystem. How to Set Up MetaMask (Step-by-Step Guide) Step 1: Download and Install MetaMask ➡️ Go to the official MetaMask website (metamask.io). ➡️ Click on “Get MetaMask” ➡️ Choose your platform (Chrome, Firefox, Brave, Edge, iOS, or Android). ➡️ Click “Install MetaMask fo...

Introduction In the crypto space, security is everything. So, if you want to protect your cryptocurrencies that you bought using your hard-earned money, then you should have a good understanding about how entropy , seed phrases and passphrases are related.  While you may have heard these terms in the crypto space, getting a solid understanding of these terms is crucial when it comes to securing your crypto. In this article, we’ll break down each term using simple language and analogies, explore the technical aspects, and explain how they are all connected. Before you dive in, its best to have some idea about private and public keys in cryptocurrency. You can refer my article Understanding Private and Public Keys for a quick overview. What is an Entropy in Crypto? In the information technology field, Entropy refers to the randomness of data. In the crypto space, Entropy means when a crypto wallet generates a very large random number that is impossible to guess. The higher the en...