Cryptocurrency Guides
Useful guides for people to learn about cryptocurrency.
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What is Ethereum Berlin Hard Fork?
The Ethereum Berlin hard fork is happening soon! It is one of many updates on the network roadmap before finally upgrading to Ethereum 2.0. Check the images to learn more about what it is, what the upgrades are, and what you need to do to prepare for the update. If you’d like to learn more in depth, check this article.
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Bitcoin Distribution
Whales and humpbacks are the largest non-exchange entities. Together they control an estimated 31% of the total Bitcoin supply. These are likely high-net-worth individuals such as institutions, funds, custodians, OTC desks, etc. On the other hand, smaller entities (shrimp, crab, and octopus) holding up to 50 BTC, control almost 23% of the total supply. This shows that a big amount of bitcoins are held by retail investors. Source: Glassnode
What is Crypto Airdrop?
Within the context of cryptocurrency, an airdrop is a practice of distributing coins or tokens to numerous wallet addresses for free, or in exchange for fulfilling a requirement. Airdrops are often used as a marketing strategy to promote upcoming projects, strengthen brand awareness, or build momentum for a cryptocurrency project. Want to learn more about crypto airdrops? Click the link below!
How to Back up your crypto
Since cryptocurrency is decentralised, there is no customer service number you can call if you make a mistake or lose access to your wallet. For each wallet, you will be given some form of passphrase or key as your backup, but these passphrases and keys are only as secure as how you store them. Each wallet type will have a way to do a backup, but this guide is about how to backup your backups. Learn more from this link.