Found 4 Articles for Ethereum

What is MetaMask? MetaMask is a browser plugin which can be installed in a similar way as other plugins. The plugin works as an Ethereum Wallet. Users can store Ether and other ERC-20 tokens. These tokens help in performing transactions with other Ethereum addresses. MetaMask needed to be connected to the Ethereum- based apps so that users can spend their coins in trading, gaming, and gambling. Cost of MetaMask For each swap, a service fee of $ 0.875 percent is charged. Why MetaMask Alternatives? There are a few disadvantages of using MetaMask wallet which are mentioned below Security concerns ... Read More

Ethereum Mining GuideEthereum Blockchain BasicsAs we all know, cryptocurrency mining is a process of solving complicated mathematical puzzles and miners play a crucial role in any cryptocurrency network as they spend their time and computing power to puzzle out those math problems, giving a ‘proof of work’ for the network, which verifies Ether transactions. Other than this, miners are responsible for making new Ether tokens through this process. This way, they get rewards in Ether for successfully completing a proof of work task.The more miners join the group, the puzzles automatically turn out more difficult to solve. This leads to ... Read More

Before we talk about Ethereum let us first understand the concept of Decentralized network of Bitcoin which laid the foundation for the following Decentralized networks. Bitcoin digital currency was invented by Satoshi Nakamoto in 2009 as using a decentralized and transparent network.Bitcoin uses Cryptography + Proof of work + Decentralized network architecture together. The algorithm of Bitcoins is written in “Turing Incomplete” language, which understands only a limited set of orders like, who has sent the money, how much and who received it.While Bitcoin aims to remove a centralized authority to create the currency, Ethereum uses the Block Chain to ... Read More

Cryptocurrency is entirely dependent on Block Chains to maintain their transactions. A block is like a page of a ledger book where some transactions are written in ink, permanent which cannot be altered. A block typically consists of transactions of bitcoin or any other cryptocurrency and the details of transactions - who has sent, who has received, timestamp and previous blocks information to link it to the Block chain. This information is passed through a hashing algorithm like SHA 256 and creates a 32-bit hash value. This hash value is irreversible.Thus a block is a permanent store of records, which ... Read More