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Showing posts from November, 2021

Continuing on the Cryptos

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  Hii... So, let's continue our discussion on #cryptos and learn about some other coins..shall we? :P These days whenever, there is a mention of BitCoin, Ethereum comes up and if we talk about Ethereum, one other coin comes up...which is Solana! or what it is usually referred to as 'Ethereum Killer'! So,  what is Solana ? It is another blockchain which uses Smart Contracts as Ethereum, but it is faster compared to the Classic Ethereum because of using it achieves consensus using proof of stake and proof of history. Its internal cryptocurrency is SOL. Okay.. "but what is proof of history?" you might ask.! "Proof of History is a sequence of computation that can provide a way to cryptographically verify passage of time between two events. It uses a cryptographically secure function written so that output cannot be predicted from the input, and must be completely executed to generate the output." Reference:  https://tokens-economy.gitbook.io/consensus/chain-

Yet Another(Booming) Asset Class!!!

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 Hey There, So in my last blog I tried to cover the habit of investing, which we all should inculcate.  If you haven't read it already, go check that out and come back once done! :) Link to previous blog:  https://paradiseofanintrovert.blogspot.com/2021/09/personal-finance-saving-vs-investing.html There was one asset class which was not added in that list, though! Which one is it, you ask?? Well, it is the booming one!!! About which there's a lot of buzzzzzword these days!! Hack yeah, it is Cryptocurrency!! So, let's get straight into it! According to Investopedia, it is: "A cryptocurrency is a digital or virtual currency that is secured by cryptography, which makes it nearly impossible to counterfeit or double-spend. Many cryptocurrencies are decentralized networks based on blockchain technology—a distributed ledger enforced by a disparate network of computers."  You can read more on here:  https://www.investopedia.com/terms/c/cryptocurrency.asp Now, let's tr