The BlogChain Newsletter - Page 8

What Is MEV, aka Maximal Extractable Value?

MEV refer to maxi value can be extracted from block production in excess of standard block reward and gas fee through manipulation of transaction It happens in the form of including, excluding or re-order transaction within block, or through generalised front-running.

NFT Minting Explained

Today we will break this down in more detail and have a look under the hood to see what’s actually happening when someone mints an NFT. To understand m...

6 Tips That Will Keep Your Crypto Wallet Safe And Secure:

Never save your private key or seed phrase on any device or cloud storage because if your device or cloud storage gets hacked, the hacker has your private key and can take everything in your wallet. Your seed phrase is the key to your kingdom. Always save the seed phrase on paper and store it in ...

Hot Wallet VS Cold Wallet

When it comes to having a crypto wallet, there are several different “types”. At the heart of it all, every wallet is largely the same: access is secured by your seed phrase or the series of security words. However, in practice, it is helpful to think of wallets as falling into one of two categories...

WETH is a very simple smart contract, WHY?

Ever wonder why OpenSea (OS) asks you to wrap your ETH (heh) before you bid on that ape/toad/cat? It's because the WETH contract is a bank and WETH itself (the token) is a check OS can cash. Let me explain: ETH is the native currency of the ETH #blockchain but it's a barebones implementation...

🚫 MetaMask collects user IP address and wallet data ⚠️

ConsenSys, developer of MetaMask, has updated its privacy policy. Now, if you are using RPC from the Infura provider (the default), then MetaMask will collect your data when sending a transaction. If you are afraid for privacy, you can change the RPC provider to Alchemy Instruction: https://...

How to Create Your Own Cryptocurrency?

Many crypto enthusiasts find the thought of developing their own cryptocurrency, use cases, and audience appealing. But from whence should one begin? Coins and tokens may really be made in a variety of ways. The price and expertise also change depending on how intricate your project is. My blog lays...

Some common Bitcoin misconceptions.

There are certain to be misunderstandings that people have that are common when reimagining something as fundamental to our society as money. Set the record straight by looking at a couple of them.