Eric Lee - CryptocyNews.com

ERC-404 Token Standard: Bridging Fungibility and Non-Fungibility in Ethereum

ERC-404 Token Standard: Bridging Fungibility and Non-Fungibility in Ethereum

July 2, 2024 by Eric Lee

The ERC-404 token standard is an innovative approach in the Ethereum blockchain ecosystem that attempts to merge the characteristics of ERC-20 fungible tokens and ERC-721 non-fungible tokens (NFTs). Here’s a detailed explanation of what ERC-404 is, how it works, and its potential…

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Ethereum Address Checksums: Enhancing Transaction Security

Ethereum Address Checksums: Enhancing Transaction Security

July 2, 2024 by Eric Lee

Checksums in Ethereum addresses play a crucial role in enhancing security by reducing the risk of errors when transacting on the Ethereum network. Here’s a detailed breakdown of how Ethereum addresses use checksums, why they’re vital, and how they work. What is…

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The Solana Virtual Machine (SVM): A Comprehensive Overview

The Solana Virtual Machine (SVM): A Comprehensive Overview

July 2, 2024 by Eric Lee

The Solana Virtual Machine (SVM) is an advanced blockchain infrastructure component designed specifically for the Solana network to enhance its capability to process transactions efficiently and support a wide range of decentralized applications (dApps). This article delves into the specifics of SVM,…

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Celebrity Tokens: An Overview

Celebrity Tokens: An Overview

July 2, 2024 by Eric Lee

Celebrity tokens are a type of cryptocurrency that capitalize on the fame and influence of public figures from various domains like sports, entertainment, and politics. They are part of a broader category known as meme coins, which are often created and traded…

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Delegated Proof of Stake (DPoS): A Comprehensive Guide

Delegated Proof of Stake (DPoS): A Comprehensive Guide

July 2, 2024 by Eric Lee

Delegated Proof of Stake (DPoS) is an innovative consensus mechanism designed to enhance scalability, efficiency, and democratic governance in blockchain technology. Introduced by Daniel Larimer in 2014, DPoS is a variant of the traditional Proof of Stake (PoS) model, optimized to address…

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Comprehensive Guide to Deleting Your Binance Account Securely

Comprehensive Guide to Deleting Your Binance Account Securely

July 2, 2024 by Eric Lee

Here’s a comprehensive guide on how to delete your Binance account securely from both the website and the mobile app, ensuring that you’ve taken all necessary precautions to protect your data and assets. Why You Might Consider Deleting Your Binance Account Important…

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Understanding Crypto Futures Contracts

Understanding Crypto Futures Contracts

July 2, 2024 by Eric Lee

Introduction to Crypto Futures Crypto futures are a type of derivative trading product that allows two parties to agree on the purchase or sale of cryptocurrency at a predetermined price at a specified future date. These contracts are used by traders to…

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A Detailed Guide to Navigating Crypto Exchange Fees

A Detailed Guide to Navigating Crypto Exchange Fees

June 22, 2024 by Eric Lee

As the cryptocurrency market continues to gain traction, understanding crypto exchange fees becomes crucial for traders and investors. This guide delves into the various types of fees associated with crypto exchanges, the impact of these fees on trading strategies, and effective methods…

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A Beginner’s Guide to Blockchain Layers

A Beginner’s Guide to Blockchain Layers

June 22, 2024 by Eric Lee

Blockchain technology’s architecture is crucial for understanding how data and assets move across the varied terrain of distributed ledgers. The Fundamentals of Blockchain Layers Blockchain layers classify the functions and scalability solutions within the network, laying the groundwork for decentralized protocols. Layer…

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A Comprehensive Guide to Chainlink (LINK)

A Comprehensive Guide to Chainlink (LINK)

June 22, 2024 by Eric Lee

Chainlink is a decentralized oracle network designed to bridge the gap between blockchain smart contracts and real-world data. Its primary function is to provide smart contracts with access to external data, which is crucial since blockchains cannot directly fetch data from external…

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Exploring the Correlation Between Bitcoin and the Stock Market

Exploring the Correlation Between Bitcoin and the Stock Market

June 22, 2024 by Eric Lee

Bitcoin, a leading cryptocurrency, sometimes exhibits price movements that appear to correlate with the traditional stock market. This correlation can seem surprising, given Bitcoin’s origins and purpose as a decentralized alternative to conventional financial systems. Here’s a deeper look into why this…

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Crypto Tax in India: A Comprehensive Overview

Crypto Tax in India: A Comprehensive Overview

June 2, 2024 by Eric Lee

Since its inception in 2009, cryptocurrency has gradually found its way into the mainstream, attracting a broad user base globally. In India, however, the regulatory framework has been slow to evolve. It wasn’t until 2022 that the Indian Government formulated and introduced…

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Understanding LUNA vs LUNC: Key Differences Between Terra’s Cryptocurrencies

Understanding LUNA vs LUNC: Key Differences Between Terra’s Cryptocurrencies

June 2, 2024 by Eric Lee

The crypto world witnessed a dramatic event with the crash of Terra Luna, leading to significant losses across the market. In response, the Terra blockchain underwent a hard fork, resulting in the creation of two distinct cryptocurrencies: LUNA and LUNC. This development…

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The Launch of Spot Ethereum ETFs: A Beginner’s Guide

The Launch of Spot Ethereum ETFs: A Beginner’s Guide

June 2, 2024 by Eric Lee

Introduction to Spot Ethereum ETFs The approval of the Spot Ethereum Exchange-Traded Fund (ETF) represents a pivotal advancement in the integration of cryptocurrencies with traditional financial markets. As Ethereum continues to garner interest as a premier blockchain platform and digital currency, the…

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Cryptocurrency Tax Strategies: A Comprehensive Guide

Cryptocurrency Tax Strategies: A Comprehensive Guide

June 2, 2024 by Eric Lee

Understanding how to manage your cryptocurrency taxes effectively can save you from unwanted stress and financial strain. This guide dives deep into the methods and strategies you can use to minimize your tax liabilities on digital currencies like Bitcoin and Ethereum, ensuring…

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Decentralized Exchange (DEX): A Beginner’s Guide

Decentralized Exchange (DEX): A Beginner’s Guide

June 2, 2024 by Eric Lee

Decentralized Exchanges (DEXs) offer a peer-to-peer marketplace for trading without the traditional oversight of a centralized authority. This guide delves into the basics of DEXs, how they work, and their advantages over centralized counterparts. What is a Decentralized Exchange (DEX)? A DEX…

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How to Sell Pi Coins in 2024: A Comprehensive Guide

How to Sell Pi Coins in 2024: A Comprehensive Guide

June 2, 2024 by Eric Lee

As Pi Network’s innovative approach to cryptocurrency gains traction globally, amassing a user base of 47 million, the question arises: how does one sell Pi coins? This guide provides a detailed overview of Pi Network and explores various methods for selling Pi…

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Tax Implications of Cryptocurrency Cashback Rewards

Tax Implications of Cryptocurrency Cashback Rewards

June 1, 2024 by Eric Lee

Cryptocurrency cashback rewards integrate traditional loyalty programs with the novel appeal of digital currencies. As crypto awareness grows, these programs are becoming a strategic tool for businesses to engage a tech-savvy audience. Typically, these rewards are offered by various companies ranging from…

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ERC-404: Bridging Fungible and Non-Fungible Tokens

ERC-404: Bridging Fungible and Non-Fungible Tokens

May 31, 2024 by Eric Lee

The ERC-404 token standard represents a groundbreaking advance in blockchain technology, blending the characteristics of ERC-20 fungible tokens with ERC-721 non-fungible tokens (NFTs). This experimental standard, initiated by developers known as “ctrl” and “Acme” in February 2024, seeks to merge these distinct…

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Understanding Distributed Denial-of-Service (DDoS) Attacks on Blockchain Networks

Understanding Distributed Denial-of-Service (DDoS) Attacks on Blockchain Networks

May 31, 2024 by Eric Lee

Introduction to DDoS Attacks Distributed Denial-of-Service (DDoS) attacks are designed to overwhelm a target system—such as a website, server, or online service—with a flood of internet traffic, rendering it incapable of responding to legitimate requests. This is achieved by harnessing a network…

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Name	Price	24H (%)
Bitcoin (BTC)	$94,957.00	-7.22%
Ethereum (ETH)	$3,290.04	-10.94%
Tether (USDT)	$1.00	-0.09%
XRP (XRP)	$2.17	-8.71%
BNB (BNB)	$651.16	-7.29%
Cardano (ADA)	$0.86	-11.55%
Chainlink (LINK)	$21.66	-13.00%
Polkadot (DOT)	$6.64	-13.13%
Uniswap (UNI)	$12.01	-20.03%
Litecoin (LTC)	$93.85	-14.04%