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Crypto Bible — eth coin

How my friend lost 2 Ether

Posted by Taras Lanchev on

This is my friend's story from a few months back. 2 months ago my neighbour told me about mining and helped me get my first mining rig up and running. I went on https://www.myetherwallet.com, created a wallet, typed in my miner parameters, started the rig and just left it. Today I decided to see how it is doing and how much I've made. So I go to Yahoo, seach for "MyEtherWallet" and click the first link I see (yes, yes, I'm stupid), load my wallet up, type in my password and see that I have almost 2 Ether! I exited the site and went on it again later (this time...

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What is the difference between a fork and a hard fork?

Posted by Taras Lanchev on

The majority of cryptos have been created as a result of a fork. The number of forks is increasing day by day, but it's important to know the differences between a fork and a hard fork. Let's use an example to explain. Litecoin - was originally a fork of Bitcoin. Its foundations are built on the source code of BTC, but its blockchain was started from block 0.  Bitcoin Cash - is a hard fork of Bitcoin. Similarly to the fork - the foundations are built using the source code of Bitcoin, yet the blockchain was started from block 478559. As a result of that, the...

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