Crypto Bible

"I didn't have enough gas to complete a transaction! What does that mean? How do I get around it?" I hear those questions asked very often by the people who are into Ethereum. And it's fair enough. I only recently learnt what Gas, Gwei and Contracts are. We already talked about how much you should pay for a Bitcoin transaction, but this time the challenge is a bit harder. So let's get down to it! 1 ETH = 1000000000000000000 wei = 1000000000 gwei (shannon) = 1000000 szabo = 1000 finney This is how Vitalik and Co trolled the whole Ethereum community. Still don't get...

Let's look at the wallets for altcoins and in particular for Ethereum. However, before you start reading this, you first have to read  How to store Bitcoin? Creating a Bitcoin wallet. Official Ethereum Wallet You can download the official Ethereum Wallet on the official Ethereum website or on github. This is a heavy client and will take 28GB on your computer. But frankly, I wouldn't bother with it. It's crap. I used it a bit over the past few months and these are my thoughts: 1. I couldn't download the full blockchain on my computer once. I have a very typical SSD, so...

- How do I store Bitcoin? - You need to get a cryptocurrency wallet - How do I do it? - Listen up! -- It's weird, but these kinds of questions don't get answered in too much detail on the internet. Even if you type in "Bitcoin wallet comparison" you get some stupid websites i.e. "20+ Best Bitcoin Wallets to Store your Bitcoins in" with some really weird comparison criteria and an ad for 1 of them. I already mentioned Jaxx in my post about how to buy cryptocurrencies. It supports tons of coins (BTC, ETH, DASH, ETC, REP, LTC, ZEC, RSK, DGE,...

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...

"The best time to buy Bitcoin was in 2011, the second best time is now!" To buy or not to buy? I see this question everywhere on the internet because everyone who knows even the slightest bit crypto is always regretting not buying 1 day/1 week/1 month/1 year ago and so on. 1. Trying to predict what the market will do is the worst strategy out there. It seems easy: "Buy low, sell high". But that's exactly when tons of people lose money. 2. You are asking complete strangers on the internet where to invest your money! Go out on the street...