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BestChange project blog

What is DeFi?  July 13, 2023

If you are even slightly familiar with the cryptocurrency sphere, you have probably heard the abbreviation DeFi. But not everyone knows what it is and why it is necessary. Today, let's try to uncover this topic.

How is the network fee generated?  July 12, 2023

The vast majority of cryptocurrencies are based on blockchain technology, which involves the formation of blocks of information from all user transactions.

What are PoW and PoS?  July 11, 2023

Consensus mechanisms form the foundation of all cryptocurrency blockchains and ensure their security. Let's examine the most common types of consensus algorithms, their similarities, and differences.

Decentralized exchanges  July 10, 2023

In this article, we will talk about decentralized exchanges for operations with cryptocurrency , examine the trading algorithm, and the peculiarities of conducting transactions.

Is there a thing called Tether SOL (USDT)?  July 10, 2023

Tether SOL isnít really a thing because Tether was never converted to the standard used by this blockchain. However, since Tether ERC20 is one of the main types of this token and because Solana supports ERC20, thereís no problem in using USDT here.

"The Elon Musk Phenomenon"  July 9, 2023

Enviable influencer Elon Musk, whose comments often shake the cryptocurrency market, has once again sparked a twofold increase in the meme cryptocurrency Dogecoin. Why did this happen, and what should be done about it?

About Polygon and Tether Polygon  July 9, 2023

Polygon is a popular modification used to enhance the regular Ethereum experience in several ways. In particular, itís used to improve the scalability of this blockchain. Tether, one of the most popular cryptocurrencies, is perfectly compatible with this network.

Who are these whales?  July 8, 2023

Whales are the largest representatives of the animal world, so it's logical that in the crypto sphere, this comparison is used to refer to investors with massive token holdings. By analogy, crypto whales are enormous market participants compared to others.

Essentials of the Tether Omni (EURT) explained  July 8, 2023

Tether OMNI (EURT) is a stablecoin pegged to the value of the euro at the ratio of 1:1. This variety, in particular, uses the old OMNI standard, a popular way to create new currencies on the basis of the BTC blockchain. Itís a valuable token, so thereís a lot to say about it.

Fear of missing out (FOMO)  July 7, 2023

What do you think poses the greatest threat to a novice investor? Unpredictable negative situations? Market manipulations? Or perhaps technical glitches? According to statistics, the investor's main enemy is the fear of missing out, or FOMO.

Tether ERC20 (EURT): description of the token variety  July 7, 2023

Tether ERC20 (EURT) is one of the less popular, but still very promising stablecoins. Itís a variant of the Tether pegged to the euro in the 1:1 ratio and applied to the ERC20 standard of Ethereum. There is a lot of potential in this little thing. Sounds interesting? Click for more.

NFTs in social media  July 6, 2023

If we highlight the main aspects of the cryptocurrency industry's development by year, then 2021 became the year of NFTs (If we highlight the main aspects of the cryptocurrency industry's development by year, then 2021 became the year of NFTs (non-fungible tokens).).

History and features of Tether BEP20 (USDT)  July 6, 2023

Tether BEP20 USDT is a widespread variety of USDT used on the Binance Smart Chain. Itís the third-most-popular type of this stablecoin, utilized for many decentralized projects throughout the web.

How are stablecoins structured?  July 5, 2023

One of the main disadvantages of cryptocurrencies is their volatility, as their prices fluctuate significantly. Stablecoins were designed to solve this problem by introducing a fiat equivalent into the cryptocurrency space.

The death of Bitcoin  July 4, 2023

Today we look at the most improbable scenarios that could lead to the disappearance of the first cryptocurrency.

How to earn cryptocurrency?  July 3, 2023

The Internet is replete with advertisements promising to make a lot of money without work or risk. But on closer examination it becomes clear that it is likely to be either scammers, or you will be offered not the most honest ways of making money. But is it really that bad?

How to analyze cryptocurrency projects on your own?  July 2, 2023

Before buying crypto coins, crypto investors want to be sure that the transaction will be safe and promising. In this article, let's review the stages of evaluation of any crypto project and the main onchain metrics of blockchain.

14 risks when dealing with cryptocurrency  July 1, 2023

Every beginner investor asks questions: where to start, what cryptocurrencies to buy, where to buy them? And any of these questions implies a lot of risks, today we will tell you about the main risks and ways to reduce them.

Why are cryptocurrencies better than fiat money?  June 30, 2023

Today, we will discuss whether cryptocurrencies are capable of completely replacing national currencies.

Blockchain - what lies behind the success of cryptocurrencies?  June 29, 2023

Blockchain technology emerged more than 14 years ago, opening up new prospects for secure data exchange. Let's delve into how it works and whether it has a future.

Halving and why everyone is talking about it?  June 28, 2023

Bitcoin is only 14 years old, but as of February 2023, approximately 92% of all coins have already been mined (around 19,279,500), even though it will take over 100 years to mine the remaining 8%. But why is that?

The future of the currency system  June 27, 2023

Today we will contemplate the topic of whether the dollar is eternal and which currencies can replace it as the world's main reserve currency.

Financial pyramids  June 26, 2023

"Invest $100 and earn $2000 in a week." Usually, financial pyramids hide behind such offers.

DeFi (Part 3)  June 25, 2023

We continue to explore the mechanics of earning on the DeFi market. Today, we will examine investments in lending platforms, or in other words, decentralized lending systems.

DeFi (Part 2)  June 21, 2023

We will talk about the mechanics of earning on the DeFi market: staking and farming. Let's analyze the risks associated with these approaches.

Bank transfers in Pakistani Rupee (PKR)  June 19, 2023

We will tell you how to send money to Pakistan with credit to a local bank account in Pakistani Rupee (PKR).

Bank transfers in New Zealand dollars (NZD)  June 18, 2023

Ways to transfer money to New Zealand in local currency with BestChange.

DeFi (Part 1)  June 18, 2023

We are launching a series of articles dedicated to the topic of DeFi. In the first piece, we will try to answer the questions about what is required to invest in DeFi and how to go about it.

Bank transfers in Malaysian Ringgit (MYR)  June 16, 2023

We will tell you how to transfer money to Malaysia in the Malaysian Ringgit (MYR) local currency.

What is Bitcoin LN? A comprehensive guide to the Lightning Network  June 15, 2023

The Lightning Network (LN) stands as a revolutionary second-layer protocol built upon the Bitcoin blockchain.

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