Crypto Mining

Part of the power and promise of Web 3.0 is the concept of decentralization, the ability to transact without the need for a central authority or an intermediary such as a bank or centralized exchange. While the idea of decentralization is quite easy to understand, the devil is in the details. Continue Reading →

VisaNet can process more than 65,000 tps (transactions per second). By comparison, Bitcoin (BTC) can only process ~5 tps. Therefore, Bitcoin (and other cryptocurrencies by proxy) are inherently too slow for practical use. Before you buy into this apples-to-oranges comparison, let's define the word "process." With a little more clarity, you will be better able to frame your thoughts about centralized (VisaNet) versus decentralized (Proof of Work) crypto transactions. Continue Reading →

Wondering about what a "51% attack" is? When the mining power for a decentralized blockchain network becomes too concentrated (centralized), miners with bad intentions can overturn blockchain transactions and double-spend participants' crypto. Continue Reading →

I’m thrilled to announce our new Web 3 training facility at Metacademy.xyz. Together with our partners, Blockchain Foundry and Catbotica, we’ve created a free-to-use, risk-free hands-on tutorial that will teach you the correct way to set up a crypto wallet, mint your own NFTs, learn how to buy and sell them, and much, much more. Continue Reading →

Is Norton Antivirus "sneakily" installing crypto mining software on your computer and skimming a commission? Yes… and no. If you install Norton Antivirus, you will see a file called NCrypt.exe, which is Norton's crypto mining software. So, yes, installing Norton Antivirus will install Norton's crypto mining software, but… it will not function in any way without your explicit permission, and only if you have the correct hardware configuration to mine crypto. Continue Reading →

The Shelly Palmer Innovation Series Summit is an annual "must attend" event at CES. In the following presentations, an exceptional group of industry leaders offer specific actionable insights to help you drive growth and create value for your business. Continue Reading →

You can attend the “must attend” event during CES® 2022 whether you’re going to Las Vegas or working from home. The Shelly Palmer Innovation Series Summit will stream live on January 5, 2022 at 11 a.m. ET at shellypalmer.com/live. Continue Reading →

My MetaMask Chrome Extension Wallet was hacked. The ETH is gone forever. Even though I can clearly see that address of the wallet that stole it, there's nothing I can do to get it back. I'm just writing this blog post as a warning for anyone who thinks keeping more than a few hundred dollars in a "hot wallet" is a good idea. I always keep a small amount of ETH in my MetaMask wallet to buy virtual goods and NFTs and game tokens, etc. I have been aware that the wallet was vulnerable to attack, but this hack is remarkable. They must have figured out my password – which is hard to do. Here's a chronicle of the events. I'll keep it updated. Continue Reading →

During an upgrade to the Compound platform, a bug caused the system to transfer close to $90 million in COMP (their cryptocurrency) to random users. In a desperate tweet, Compound’s CEO begged the users to give the money back. He threatened to dox the users. (That’s a slang term for making user identities public or, in this case, reporting them to the IRS.) Then offered a 10 percent reward for “doing the right thing.” Continue Reading →

SparkPool, the second largest Ethereum mining pool, will close its doors by September 30. At this writing, PoolWatch.io says Hangzhou-based SparkPool is responsible for ~122.5 TH/s (roughly 18.5%) of all Ethereum mining. Continue Reading →