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Cryptocurrencies Transaction Time Comparison

Transaction speed is the time it takes for the network to complete one operation. Why is it important for cryptocurrencies to have a high transaction speed? Well, the higher the exchange speed, the faster a transaction is finished; hence a user is more satisfied. Let’s see which of the existing digital coins are the fastest and if they are able to outperform traditional payment systems.  Changelly prepared a list of cryptocurrencies that have the highest transaction speed on the market. In this article, we will also compare blockchain-based networks to conventional money transfer systems and see which ones are more…

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What Is TxID and How to Find a Transaction in Blockchain

Have you just completed your first (or maybe not the first) cryptocurrency transaction in Bitcoin, Ethereum, XRP, or any other currency? Suddenly, the recipient asks you to send him a TxID? Usually, this incomprehensible term is requested to send as proof of payment.  So what is TxID, and how can it help when dealing with cryptocurrencies? Changelly is here to help you understand the basics of digital money transactions. TxID Meaning Tx Hash is the hash of the transaction. It is also known as the Transaction ID (TxID). It consists of alphanumeric characters and represents the identification number specified for…

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How to Overcome FOMO in Crypto Trading

The crypto market has a highly volatile nature which makes cryptocurrency trading a tough work to do. Novice traders are recommended to start with crypto basics before delving into the world of crypto trading. Changelly PRO is a perfect place to get into the cryptocurrency trading process, as the exchange provides native UX/UI, flat withdrawal and trading fees, and even a proper environment to start margin trading.  In its core, trading is stressful. Every time the market fluctuates in a wrong for a trader direction, there is too much adrenaline goes through a trader’s veins. Despite heart-pounding market situations, there…

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Tron (TRX) Mining Guide: Staking Tron Cryptocurrency

The Tron project is an ambitious undertaking launched in 2017 by a Chinese entrepreneur Justin Sun. It is a decentralized peer-to-peer network that caters to the needs of the entertainment industry. Tron has its own native cryptocurrency called Tronix (TRX). This coin is mainly used to pay for the platform’s entertainment content or gain special access to the platform’s resources. In this Changelly article, we are going to talk about Tronix staking – a way to mine crypto without buying expensive rigs and wasting lots of electricity. We will see if it’s possible to mine TRX in a conventional sense…

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Ethereum Gas and Transaction Fees Explained

Not enough gas for a transaction! How many gwei is it? The gas limit is too low! Most users outside of the Ethereum ecosystem can’t wrap their heads around this kind of talk. The Ethereum platform is quite peculiar when it comes to transaction fees and operational features. It uses an internal payment method called gas – a fee required to process a transaction or execute a smart contract.   Let’s dive into the mysterious Ethereum world and discover how gas works with Changelly. We’ll talk about the Ethereum virtual machine, gas limits, and gwei sub-units, then discuss miners’ rewards for…

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Top 10 Best Cryptocurrencies to Invest in 2020

Since Satoshi Nakamoto introduced the first cryptocurrency in 2009, the crypto market has been expanding rapidly. As of July 2020, there are over 5,000 altcoins with a total market capitalization of more than $321 billion. Those who were lucky enough to invest in BTC in early 2010 while keeping it up until 2017, could significantly augment their capital.  2017 was the year when even grandmothers were ready to invest in cryptocurrency. Then there was darkness. The crypto winter brought bankruptcy to scam ICOs investors and placed an unremarkable spot on the crypto industry’s reputation.  However, 2019 became a recovery year.…

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How to Build a Mining Rig in 2020

Cryptocurrency mining is not trendy anymore. Wrong! It still makes a lot of fuss in the blockchain community. As long as the first and the leading cryptocurrency, Bitcoin (BTC), will require mining rigs, cryptocurrency mining will be trending.   Building a mining rig in 2020 is much easier than it was, say, two years ago. The market has significantly expanded with new profitable coins to mine. There are multiple ways to mine crypto in 2020: GPU and CPU mining, cloud mining, ASIC mining, mobile mining, mining via laptop, and so on.  Changelly is the biggest fan of digital assets that provides…

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What Is Blockchain Sharding?

Lack of scalability is the worst nightmare of any distributed ledger. Many decentralized networks strive to introduce a single solution to a sensitive issue. Sharding is a promising concept that has the potential to finally resolve the scalability problem while saving the decentralized nature of blockchains.  Changelly keeps on providing explanations, tutorials, and guides about cryptocurrencies and blockchain technology. We are going to explain what sharding is and how it can help blockchain in the future.  Sharding Definition Sharding is a data partitioning method that aims to unload the system while providing quick access to any stored data. Each separated…

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Beginner’s Guide to Bitcoin Cash (BCH) Mining

Bitcoin Cash appeared on August 1, 2017, as a result of a fork in the Bitcoin network. The reason for the fork was the fact that the community could not come to a unanimous opinion on the further development of the first cryptocurrency.  Changelly treats with respect one of the most popular Bitcoin forks. As time goes by, Bitcoin Cash cryptocurrency does not lose its vogue. We’re here to explain how to get the Bitcoin Cash (BCH) coins through mining solo or pools. Let’s get started! How to Start Bitcoin Cash Mining? In July 2017, members of the Bitcoin community,…

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Beginner’s Guide to DigiByte (DGB) Mining

Since Satoshi Nakamoto introduced Bitcoin (BTC), the crypto industry has embraced many other valuable and top-notch decentralized projects. Digibyte (DGB) stands firmly among distributed ledgers that manage to take the best of Bitcoin and add new solutions to the end product.  Changelly tries to provide comprehensive crypto basics for a better understanding of the crypto and blockchain industries. We are going to observe the DigiByte (DGB) mining. How to set up a Digibyte mining rig? What is Digibyte mining software? What is Digibyte mining hardware? Let’s cover them all.   How to Mine Cryptocurrency: Basics  DigiByte (DGB) Basics Digibyte (DGB) cryptocurrency…

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Best Decentralized Cryptocurrency Exchanges (DEX)

Cryptocurrency trading is one of the essential niches in the industry. Each crypto holder has interacted with crypto exchanges at least once. If we look deeper into the current trading situation, we may discover several vital issues that bother traders – availability, transparency, and security. Centralized exchanges (CEXs) provide decent platforms in terms of UX/UI, enhanced trading features, and so on.  Still, they are intermediaries between users and blockchain. Most of the regular exchanges are custodial, which means they store users’ funds on their servers. It is not as safe as it seems, yet centralized crypto platforms try to provide…

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10+ Best Cryptocurrency Podcasts in 2020

Podcasts recently have exploded to get information in a fast and easy way. It became accessible to every person with an Internet connection. So, if you want a really deep dive into up-to-date cryptocurrency information, the podcasts are the most obvious way to get the recent news.  We’ve collected eleven podcasts for crypto beginners and professionals who strive to find out more about blockchain technology, digital currencies, and the economy. #1. Unchained & Unconfirmed Unchained Podcast Logo Podcast host, Laura Sheen, is a former Forbes editor and one of the first crypto journalists. She hosts two podcasts. Unchained is a…

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What Is the Best Time to Buy Bitcoin?

If you are reading this article, you’re probably interested in cryptocurrencies and the crypto industry, in general. To buy or not to buy BTC? The answer is quite obvious. As they say, buy low, sell high. The next step is to determine when the low and high periods will be. Such reflections lead to other questions. What is the best time to buy Bitcoin (BTC)? Is now a good time to buy cryptocurrency? Changelly keeps providing educational content about the blockchain and crypto industries. We’ve gathered theories and practices regarding all the questions mentioned above to finally give you essential…

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