Author: Eric Lim

Bitgrail: A Lesson To Be Learned

The cryptocurrency market is still very much the wild wild west… Nano, Bitgrail, why do we care? Bitgrail, the Italian cryptocurrency exchange, got hacked last week. Or at least that’s when they decided to announce the news, but Reddit and the online crypto community are at large with accusations. Reportedly, $195 Million worth of customer’s cryptocurrency was stolen (full disclosure: I am one of those customers). $195 Million. There was a time when that would have absolutely tanked the cryptocurrency market but today it stands as but a footnote in the crypto space. Afterall, it is only a month ago that Coincheck was hacked and customer’s lost approximately $500 Million. People all too easily forget that this is still very much the wild wild west and that anything can happen. Talk about high risk, high reward… So why did people put their trust in an obscure Italian cryptocurrency exchange when there are so many larger and more reputable exchanges out there? Well until recently Bitgrail was one of the main trading portals for Nano, a trustless, low latency, cryptocurrency that had grown very popular in the last couple of months. What Nano itself is not the focus of this post, but it does bring attention to the risky trading system that currently exists in the cryptocurrency sphere. People are very much on the lookout for less heard of tokens...

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ICON (ICX) Explained

This article is the first of a series, Blockchain for the Layman. A series dedicated to introducing various alternate coins and providing an easy-to-understand introduction for their technical makeup and background. A common scenario You walk out of your classroom or office space and hear two dudes in passionate conversation… Dude 1: “I’ve made 600% in the last week with SHITCOIN, SHITCOIN’s SHITCHAIN technology will dethrone all the other coins out there and take me to the moon. I fully expect to be a millionaire by next month.” Dude 2: “That’s cute, I remember when I had my first...

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