Understanding Gas Fees on the Ethereum Blockchain

What are Gas Fees? Gas fees are a crucial aspect of the Ethereum blockchain. They are the fees that users have to pay in order to execute transactions or run smart contracts on the network. Gas fees are denominated in a unit called “gas”, which is a measure of computational …

Ethereum: A Comprehensive Guide To Its Functionality And Operation

Ethereum’s Blockchain Technology Ethereum’s blockchain technology is a decentralized, distributed ledger that records all transactions and smart contracts on the Ethereum network. It is a key component of the Ethereum platform, providing a secure and transparent way to store and verify data. Each transaction on the Ethereum blockchain is grouped …

Tezos (XTZ) – Definition and How It Works in Crypto

What is Tezos (XTZ)? Tezos (XTZ) is a decentralized blockchain platform that aims to provide a secure and scalable infrastructure for smart contracts and decentralized applications (dApps). It was created by Arthur Breitman and Kathleen Breitman, and the Tezos Foundation was established to oversee its development and promotion. One of …

Tether (USDT) – The Ultimate Guide to Tethering Crypto

What is Tether? Tether (USDT) is a cryptocurrency that is designed to be a stablecoin, meaning its value is pegged to a specific fiat currency, typically the US dollar. It was launched in 2014 and is one of the most widely used stablecoins in the cryptocurrency market. Tether is issued …

Ethereum Classic (ETC) – Definition, History, Future

What is Ethereum Classic? Ethereum Classic (ETC) is a decentralized blockchain platform that was created as a result of a split from the original Ethereum blockchain. It is a continuation of the original Ethereum blockchain, which was created in 2015 by Vitalik Buterin. Ethereum Classic operates on the same principles …

Binance Coin (BNB) – Uses, Support, and Market Cap

Key Uses of Binance Coin (BNB) Binance Coin (BNB) is the native cryptocurrency of the Binance exchange, one of the largest and most popular cryptocurrency exchanges in the world. BNB has several key uses within the Binance ecosystem: 1. Trading Fee Discounts One of the main uses of BNB is …