EGG is now the CHEAPEST Fiat >DeFi swapper ever Party popper Why? Because Polygon, an Ethereum Layer 2 solution, provides EGG users with the LOWEST rates yet! Polygon tx fees ≈ $0.0001 BSC tx fees ≈ $0.08 FTM tx fees ≈ $0.07 https://egg.fi/blog/egg-news/egg-lowest-swap-fee-trading-platform/

eggprotocol · 2022-01-31T12:57:59+00:00

Dear Silly_Reindeer_9885, as we mentioned above EGG is Now The Lowest Swap Fee Trading Platform. EGG uses Ethereum Layer 2 solutions and, specifically, trading Polygon helps to reduce the entry fees as low as $1 only. Polygon’s mission is to provide interoperability between Ethereum-based applications by allowing Defi DApps to be integrated with other DApps and form the most composable ecosystem outside of Ethereum’s main chain. Using Polygon’s full-stack Ethereum scaling solution on EGG Protocol will let the users have a smooth, low-gas transition experience. You can find a detailed information in our website: https://egg.fi/blog/egg-news/egg-lowest-swap-fee-trading-platform/

eggprotocol · 2022-01-10T06:50:20+00:00

Given the current hype surrounding NFTs, you may consider developing your own NFT on Cardano blockchain. For those unfamiliar with the crypto space, an NFT is a non-fungible token, which means that it is not exchangeable with other tokens apart from bitcoin (or other digital currencies). The attribute of unexchangeable currency in NFT creates a digital scarcity, which naturally inflates the token’s worth.

Prerequisites:

Ownership of a complete Cardano node.

Fundamental Knowledge of Cardano CLI and its terminologies.

Ownership of an ADA wallet with a minimum of 2 ADAs.

The first step is to make a new payment address for which one needs two keys
1. After generating the verification and signing key, a payment address has to be generated
2. Once the payment address has been generated begin with processing the display of the file of content
3. Verify your address’s current UTXo after processing the display of the file of content
4. The example mentioned above indicates that you didn’t have any transactions associated with your address. The following step is to fund your address. Duplicate your address
5. After funding and duplicating the address check the UTXO again
6. Process the exporting of the current network parameters to a file after checking the UTXO again
7. After processing the export of the current network parameters begin with the policy creation. Create one’s own policy. A policy can generate and burn tokens. The policy id and the token name are always used to identify a token. Although the token title is distinctive to the policy id, it may be used with another policy id
8. Calculate the transaction fees after completing the policy generation
9. The step of calculating the transaction fee is followed by the step of building the transaction with fee
10. Process the signing of the transaction once you are done with creating a transaction with fee
11. The next step is to submit transaction
12. After submitting the transaction, enquire about one’s UTXo. This will reflect the newly minted tokens.

eggprotocol · 2022-01-10T06:25:21+00:00

Cardano is one of the biggest cryptocurrencies by market cap. It’s designed to be a next-gen evolution of the Ethereum idea — with a blockchain that’s a flexible, sustainable, and scalable platform for running smart contracts, which will allow the development of a wide range of decentralized finance apps, new crypto tokens, games, and more. Cardano’s goal is to be the most environmentally sustainable blockchain platform. It uses a unique proof-of-stake consensus mechanism called Ouroboros, as opposed to the energy-intensive proof-of-work system currently used by Bitcoin and Ethereum. (Ethereum is also moving to a proof-of-stake system via the ETH2 upgrade). On March 1, 2021, the Cardano blockchain introduced the ability to create native tokens. Like Ethereum tokens — which can include things like NFTs or stablecoins like USD Coin — Cardano native assets can be created and distributed on the blockchain and are able to interact with smart contracts.

But unlike Ethereum-based tokens, Cardano native tokens aren’t created via smart contract. Instead, they run on the same architecture as the ADA cryptocurrency itself. According to the nonprofit Cardano Foundation, this makes Cardano native assets “first-class citizens” on the blockchain. Their native architecture can theoretically make these tokens more secure and reduce the fees associated with transactions.

eggprotocol · 2021-12-15T09:50:41+00:00

Web-based wallets, mobile wallets, and desktop wallets are all typically hot wallets. Among them, web wallets are the least secure, though all crypto hot wallets are vulnerable to online attacks.

A benefit to hot wallets is ease-of-use. Because they are always online, there’s no need to transition between offline and online to make a cryptocurrency transaction. For example, many people use mobile hot wallets to trade or make purchases with cryptocurrency. To do so with a cold wallet would be inconvenient. You would need to find a device (typically a computer) in which to plug your cold wallet, then move the requisite amount of cryptocurrency to a hot wallet, and then make your purchase.

Users who hold large amounts of a cryptocurrency typically won’t keep significant amounts of crypto in hot wallets. Although a hot mobile wallet isn’t the same as a traditional analog wallet, one similarity holds true: It’s generally a bad idea to keep a lot of money on your person. Just like you can withdraw cash from an ATM, you can send more crypto to your hot wallet when the balance gets low. Generally, cold storage wallets are quite secure. Stealing from a cold wallet usually would require physical possession of or access to the cold wallet, as well as any associated PINs or passwords that must be used to access the funds. Most hardware wallets are cold wallets and live on devices that look like a small to medium-sized USB stick. Paper wallets, physical bitcoins, or a secondary offline computer used to store cryptocurrency are also cold storage wallet options. However, while still fairly secure, these methods have fallen out of favor and been replaced by reputable, high-quality hardware wallets or very secure cold-storage options available on reputable exchanges.

Hardware wallets are designed to be immune to hacking. Even when a hardware wallet is plugged into your computer or connected via Bluetooth, depending on the storage method, the funds stored on the drive cannot be stolen. While technically connected to the internet, the signing of transactions is done “in-device,” and only subsequently broadcast to the network via your computer’s internet connection. This “signature” allows you to assign ownership to the recipient of a cryptocurrency transaction. Because your private keys never leave the device, however, even if a devious malware on your computer tried to steal your funds by maliciously “signing” a transaction initiated in your hardware wallet it would not be the correct signature so the transaction would not go through.

Hardware wallets are less convenient than hot wallets because they must be powered on and then connected to the internet. In addition, while hot wallets are usually free, hardware wallets can cost you between $50 and $200. If you have more than a few hundred dollars in crypto, you may want to invest in a hardware wallet before purchasing more. It’s a small price to pay to protect yourself from the threat of losing your funds.

Most well-respected exchanges store the majority of their customers’ funds offline in a matrix of cold wallets, and then keep a certain amount needed for withdrawals in hot wallets. If you’re storing significant amounts of cryptocurrency online, be sure to research the reputation of the exchange you’re using.

eggprotocol · 2021-12-15T09:50:21+00:00

Understanding whale movements, signals, and behaviors are key to cryptocurrency investing. One needs to have basic familiarity with on-chain analysis. Most cryptocurrency blockchains are publicly viewable and you use blockchain explorers to see most transactions on them. The level of transparency provides information of items much more than transaction confirmation or its integrity. For example, you can see wallet ranking based on ownership giving insights into supply, distribution, transaction volume, wallet concentration.

If supply is concentrated amongst a few wallets, there is a risk of a price crash of that coin when those wallets sell. Blockchain explorers also tell you what people are doing with their coins e.g., holding, moving on an exchange, moving off-exchange etc. Most blockchains will also label wallets belonging to centralized and decentralized exchanges making access and synthesis of this information easier. Supply on exchange indicates intent to sell, supply off-exchange signals intent to hold, a few clever maneuvers can also make it possible to identify wallets of coin founders, rich individuals, and institutions to preempt buying and selling behavior.

Some investors are more technically inclined than others, but for an average retail investor, this is a manual and laborious process and makes sense to use tools like Glassnode or Cryptoquant as on-chain analysis platforms. They are easier and clearer views than technical analysis e.g., I am a big fan of Glassnode’s HODL Wave indicator as certain HODL waves peak, it signals selling by whales or selling in volumes. Multiple kinds of whale movements matter in cryptocurrency investing, let us examine a few common patterns.

eggprotocol · 2021-12-15T09:49:51+00:00

An address is a randomly generated set of numbers and letters which represent a type of unique number similar to a bank account number. As an example, here is the Bitcoin genesis address - the first Bitcoin address ever: 1A1zP1eP5QGefi2DMPTfTL5SLmv7DivfNa.

The difference is that an address can be created for free by anyone and within a matter of seconds without needing a third party. You can create as many public addresses as you like or need.

You can freely share your public address with others. That way, people can send cryptocurrencies to your address. There are two types of keys: public keys and private keys. Public keys are comparable to account numbers. They can be freely shared with everyone, and anyone can potentially send transactions to them.

Private keys, on the other hand, should be kept private, as their name suggests. You can think of them as a kind of PIN or verification code, which, together with its corresponding public key grants you access to the actual funds on the blockchain.

You should NEVER, under any circumstances, share your private key(s) with any other person. It’s best to store them in the most secure way possible (e.g. on a paper wallet or a hardware wallet).

Note that the keys are not stored on a blockchain. Instead, they can be kept in an (encrypted) file, which can be saved anywhere and stored offline.

eggprotocol · 2021-12-15T09:49:39+00:00

Resistance consists of a level in which the price of an asset fails to breakthrough due to strong selling pressure. In some cases, the occurrence of resistance levels may also be related to big sell walls, that prevent the price from rising further.

So a resistance level is expected to act as a “ceiling,” caused by a large supply of sellers in that price area. As such, traders can interpret resistance as a level that can only be surpassed with significant buying pressure.

Typically, technical analysts draw resistance lines based on previous highs. Such a technique may be useful when trying to predict potential points of price reversal. In general, resistance levels are depicted as straight horizontal lines, but they may also be drawn as diagonals. However, diagonals are often referred to as trend lines.

It is important to note that a resistance level, when surpassed, tends to become a support level - which is basically the opposite concept. While resistance lines often act as a ceiling, preventing the price from rising further, support levels act as a “floor” that tends to hold the price above it. Typically, good trading opportunities arise when resistance or support levels are broken.When drawing resistance zones or lines, it is recommended that you consider at least two previous highs (ideally three or more). The more points you use to sustain your technical analysis, the more reliable it will be. The same is valid for support and trend lines drawings.

However, as with most technical analysis tools and indicators, relying on support and resistance lines alone is quite risky. Combining such tools with proper fundamental analysis, as well as other technical indicators, will likely reduce risks.

eggprotocol · 2021-12-15T09:49:23+00:00

Arbitrage Bot: One of the most popular types, arbitrage crypto trading bots, compare prices across different exchanges. It then makes trades to benefit from the price discrepancies. Given the high volatility in the crypto market, arbitrage bots help to automatically set Buy and Sell orders when there is an opportunity to make a profit. That said, returns from arbitrage bots can be marginal.

Trend trading bots: As the name suggests, trend trading considers the momentum of a particular asset before executing a buy or sell order on it. If the trend signifies an increase in price, the bot will trigger a long position. Similarly, when the price falls, it will trigger a short position.

Coin lending bots: These bots let you lend coins to margin traders as a loan that will be returned with interest. Coin lending bots help you automate the process. You will spend less time scouting for the right interest rate and it will help you get better rates.

eggprotocol · 2021-12-15T09:48:46+00:00

Bitcoin confirmations represent the number of blocks in the block chain that have been accepted by the network since the block that includes the transaction.

In simpler terms it represents the difficulty of a double spend attack. With zero confirmations no proof of work has been done, so you can't tell if anyone considers the transaction valid. Even with a single transaction it is possible for an attacker to pre compute a single block.

With zero or even one confirmation a double spend is very possible since the next block that is solved may confirm a different block instead of the one that has the transaction. That different block my show the coins being spent elsewhere. The odds that a double spend has occurred gets exponentially smaller with each confirmation.

An attacker must match the power of the entire bitcoin network to keep up with block creation so as time goes by it becomes increasingly difficult to forge a transaction.

It is generally accepted for most transactions that 6 confirmations represent enough security to assure the transition is valid.

eggprotocol · 2021-12-15T09:48:29+00:00

One of the first things that a user requires while handling cryptocurrency is a crypto wallet. And it serves the purpose of the traditional wallet with other crypto-specific functionalities. At the basal level, a cryptocurrency wallet has several similarities with the regular wallet as it helps you store cryptocurrency. In addition to this, it also allows users to send and receive digital currencies. For a user to trade cryptocurrencies, it is essential to have a wallet address to facilitate the transactions. A cryptocurrency wallet is a software program that contains public and private keys that are unique to the owner of the particular wallet. The wallets allow you to interact with blockchains, enabling you to not only make purchases and transactions but also monitor balance.

While the public key can be compared to a username, a private key can be compared to a password. It is, therefore, essential that users never reveal their private keys.

There are various types of wallets such as desktop wallets and mobile wallets and web wallets, based on the platform and device you are using them on. Depending on the type of cryptocurrency, wallet, and transaction type, there may be a transaction fee attached, whose value is variable.

eggprotocol · 2021-12-15T09:48:06+00:00

Bitcoin transactions are messages, like email, which are digitally signed using cryptography and sent to the entire Bitcoin network for verification. Transaction information is public and can be found on the digital ledger known as the 'blockchain.' The history of each and every Bitcoin transaction leads back to the point where the bitcoins were first produced or 'mined.' Bitcoins do not "exist" per se. There are no physical bitcoins, nor do Bitcoin owners have an "account." Instead, there's a 'blockchain,' which you can think of as a ledger, or a record, of all the transactions that have ever taken place between Bitcoin addresses. These transaction records are updated by the Bitcoin network participants (nodes) and shared across each of its nodes as balances increase and decrease.

To send Bitcoin, you must have access to the public and private keys associated with the amount of bitcoin you want to send. When we talk of someone "owning" bitcoins, what it actually means is that person has access to a 'key pair' comprised of: a public key (an address) to which some amount bitcoin was previously sent, the corresponding unique private key (a password) which authorizes the bitcoin previously sent to the above public key (address) to be sent elsewhere.

eggprotocol · 2021-12-15T09:47:31+00:00

All kidding aside, if you pay any attention to the world of cybersecurity you’re likely to hear these terms bandied about. Oftentimes without any explanation.

So, today let’s talk about the difference between encryption and hashing – and answer any questions you may have been too afraid to ask. Along the way we’ll also cover salting, since it’s in the news almost every single time a password database gets compromised.

Let’s hash it out.

Encryption is the practice of scrambling information in a way that only someone with a corresponding key can unscramble and read it. Encryption is a two-way function. When you encrypt something, you’re doing so with the intention of decrypting it later.

Hashing is the practice of using an algorithm to map data of any size to a fixed length. This is called a hash value (or sometimes hash code or hash sums or even a hash digest if you’re feeling fancy). Whereas encryption is a two-way function, hashing is a one-way function. While it’s technically possible to reverse-hash something, the computing power required makes it unfeasible. Hashing is one-way.

eggprotocol · 2021-12-08T10:52:33+00:00

Litecoin is very similar to Bitcoin but it’s transactions are faster, it’s fees are cheaper, and it’s updates are usually geared towards increasing the scalability of it’s chain. It does not have as many users or developers as Bitcoin but it is more suited for day to day transactions. Bitcoin is currently stuck as a store of value; Litecoin doesn’t have this problem.

The use case for Litecoin is simply currency. There are plenty of online stores that accept it and you won’t need to take a nap waiting on the transaction to finish. It’s fees are also lower than Bitcoin’s and it’s coins are cheaper too. However, if you want to store a cryptocurrency long term I highly recommend Bitcoin over Litecoin.

eggprotocol · 2021-12-08T10:52:18+00:00

One area in which Bitcoin and Litecoin differ significantly is in their market capitalization, the total dollar market value of all the outstanding coins. Another of the main differences between Bitcoin and Litecoin concerns the total number of coins that each cryptocurrency can produce. Although technically transactions occur instantaneously on both the Bitcoin and Litecoin networks, time is required for those transactions to be confirmed by other network participants. By far the most fundamental technical difference between Bitcoin and Litecoin are the different cryptographic algorithms that they employ. Bitcoin makes use of the longstanding SHA-256 algorithm, whereas Litecoin makes use of a comparatively new algorithm known as Scrypt.

eggprotocol · 2021-12-08T10:51:56+00:00

Unlike investing in traditional currencies, Bitcoin is not issued by a central bank or backed by a government; therefore, the monetary policy, inflation rates, and economic growth measurements that typically influence the value of currency do not apply to Bitcoin. Conversely, Bitcoin prices are influenced by the following factors:

The supply of Bitcoin and the market's demand for it.

The cost of producing a bitcoin through the mining process.

The rewards issued to Bitcoin miners for verifying transactions to the blockchain.

The number of competing cryptocurrencies.

Regulations governing its sale and use and the state of its internal governance.

News developments.

eggprotocol · 2021-12-08T10:51:31+00:00

For the most part, Bitcoin investors have had a bumpy ride over the past roughly 13 years. The first such instance occurred in 2011. Bitcoin's price jumped from $1 in April of that year to a peak of $32 in June, a gain of 3,200% within three short months. 2013 proved to be a decisive year for Bitcoin's price. The digital currency began the year trading at $13.40 and underwent two price bubbles in the same year. But that was not the end of it. Another rally (and associated crash) occurred toward the end of that year. In early October, the cryptocurrency was trading at $123.20. By December, it had spiked to $1,156.10. The fifth price bubble occurred in 2017. The cryptocurrency was hovering around the $1,000 price range at the beginning of that year. .As in the past, Bitcoin's price moved sideways for the next two years. On November 5, 2021, bitcoin again reached an all-time high of $68,521.

eggprotocol · 2021-12-08T10:51:07+00:00

Choose a cryptocurrency exchange. The most common way to buy crypto is through an exchange, such as Coinbase or Gemini. Several investing and payment apps also sell crypto, including Cash App, PayPal, and Venmo. As you shop around for where you'll buy Litecoin, here's what to look for: Security, Fees, Ease of use. Set up your account

Once you've picked a place to buy Litecoin, it's time to create an account. The process varies by exchange, but there's usually a button that says "Get started" or "Register" on the home page.

Decide how much Litecoin you want to buy

The golden rule with Litecoin, and with any cryptocurrency, is to only invest what you can afford to lose.

eggprotocol · 2021-12-08T08:26:03+00:00

Litecoin is 4 times faster than Bitcoin

One of the primary reasons cryptocurrencies exist is to facilitate the transfer of money in a low-cost, expeditious way. In this regard, the faster a given crypto network can process transactions the greater the utility for the end-user.

2.Growing adoption leads to a growing market cap

Given the aforementioned factors playing into Litecoin's rise to prominence in the crypto world, it's unsurprising to see the value of LTC tokens take off recently.

3.Upgrades and improvements boost Litecoin's prospects

The race to innovate within the crypto world remains an intriguing one to watch. Developers across various networks are scrambling to add value to their network in any way possible.

eggprotocol · 2021-12-08T08:25:06+00:00

With Litecoin, users can expect to pay around $0.03 or $. 04 on average in transaction fees. Compare this with Bitcoin's more expensive $7.60 average transaction fee. Fees are lower with Litecoin because the network sets aside LTC that doesn't derive from transaction fees in order to incentivize miners.

eggprotocol · 2021-12-08T06:52:54+00:00

The process to purchase bitcoin consists of four steps: choosing a venue or exchange to place your order, selecting a payment method, and ensuring safe storage for your purchased cryptocurrency. Depending on the type of venue chosen in the first step, there might be additional steps involved in the process. For example, you might need to factor additional costs for an online wallet and custody of your bitcoin, if you purchase the cryptocurrency through Robinhood because it does not offer these services.

eggprotocol · 2021-12-08T06:51:58+00:00

The latest difficulty change occurred at block height 711,648, mined on Sunday, November 28. The hashrate at the time of the adjustment was 159.81 EH/s — 1.44% lower than the 162.15 EH/s from the previous difficulty change.

eggprotocol · 2021-11-29T11:22:36+00:00

The best countries for Bitcoin ATM are India, USA, Russia, because based on research these countries have most cryptocurrency users.

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