{"id":399,"date":"2022-11-14T15:05:38","date_gmt":"2022-11-14T15:05:38","guid":{"rendered":"http:\/\/78.47.81.216\/?p=399"},"modified":"2022-12-19T09:43:05","modified_gmt":"2022-12-19T09:43:05","slug":"how-to-create-and-setup-metamask-wallet-beginners-guide","status":"publish","type":"post","link":"https:\/\/blog.ag.qubiq.cc\/?p=399","title":{"rendered":"How to Create and Setup MetaMask Wallet? Beginners Guide"},"content":{"rendered":"\n

MetaMask is one of the most popular wallets today. It\u2019s free of charge, easy to use, and can be connected to virtually any Ethereum-based platform. Let\u2019s learn more about it and try to install the wallet.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

What is MetaMask<\/strong><\/p>\n\n\n\n

It is a software, non-custodial cryptocurrency wallet that enables users to store, transfer and receive Ether and other ERC-20 tokens. MetaMask works as a browser extension.<\/p>\n\n\n\n

How to use MetaMask<\/strong><\/p>\n\n\n\n

Users can manage their MetaMask wallets via the mobile application, as well as via the browser plugin that works with Chrome, Firefox and Opera. To use the wallet, one should be registered.<\/p>\n\n\n\n

How does MetaMask work<\/strong><\/p>\n\n\n\n

It serves as a bridge between the Ethereum network and your browser. MetaMask operates with JavaScript, and appears on the web page you\u2019re on in case you want to connect your wallet to some dapps, or process a payment.<\/p>\n\n\n\n

What is MetaMask used for<\/strong><\/p>\n\n\n\n

MetaMask allows users to store and swap cryptocurrencies, interact with the Ethereum blockchain ecosystem, and host a growing number of decentralized applications.<\/p>\n\n\n\n

MetaMask supported coins<\/strong><\/p>\n\n\n\n

The wallet supports over 450,000 coins across the Ethereum Network, BNB Chain, Polygon, and Avalanche. Recently it also started supporting NFT assets. MetaMask doesn\u2019t support BTC, though.<\/p>\n\n\n\n

MetaMask fee<\/strong><\/p>\n\n\n\n

A service fee of 0.875% is automatically factored into each quote. Users also pay gas for transactions. There are three fee options: low \u2014 lowest price and speed, market \u2014 a medium price for reasonable speed, aggressive \u2014 biggest fee and the highest transaction speed.<\/p>\n\n\n\n

Is MetaMask safe?<\/strong><\/p>\n\n\n\n

MetaMask claims to be focused on privacy. The wallet is backed by a large community of users and developers who are constantly reviewing and updating their source code. There have not been any major hacking incidents yet. However, the biggest risk about MetaMask is that it\u2019s a hot wallet which might be vulnerable to online threats like hacking, phishing, and theft.<\/p>\n\n\n\n

How to set up MetaMask<\/strong><\/p>\n\n\n\n

Finally, let\u2019s try to create our own MetaMask wallet in two simple steps.<\/p>\n\n\n\n

#1. Download and install MetaMask<\/strong><\/p>\n\n\n\n

Go to https:\/\/metamask.io\/<\/a> and click the download button. Choose your browser (e.g. Chrome), then click on \u201cInstall MetaMask for Chrome\u2019\u2019. It will take you to the store where you should click on \u201cAdd to Chrome\u201d. The extension will appear in the plugin menu.<\/p>\n\n\n\n

#2. Create an account.<\/strong><\/p>\n\n\n\n

Click on the extension icon in the upper right corner to open MetaMask. Click \u201cTry it now\u201d to install the latest version. Then click \u201cContinue\u201d. Think up a new password and click \u201cCreate\u201d. Proceed by clicking Next and accept the Terms of Use.<\/p>\n\n\n\n

Now we have come up to the most important moment \u2014 the secret phrase. It\u2019s a 12 word seed phrase, and the only thing to recover your password in case you forget it. Click \u201cReveal Secret Words<\/a>\u201d. It\u2019s recommended not to store the phrase digitally, so better take your time and write it down on a paper.<\/p>\n\n\n\n

Verify your secret phrase by selecting the previously generated phrase in order. Click \u201cConfirm\u201d. Hooray! You have created your MetaMask account successfully.<\/p>\n","protected":false},"excerpt":{"rendered":"

MetaMask is one of the most popular wallets today. It\u2019s free of charge, easy to use, and can be connected to virtually any Ethereum-based platform. Let\u2019s learn more about it and try to install the wallet. What is MetaMask It is a software, non-custodial cryptocurrency wallet that enables users to store, transfer and receive Ether […]<\/p>\n","protected":false},"author":7,"featured_media":400,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[38,47],"authors":[37],"class_list":["post-399","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized","tag-education","tag-wallet","authors-alphaguilty"],"acf":{"reading_time":3},"author-name":"AG Content Manager","suggested-articles":[{"ID":335,"post_author":"7","post_date":"2022-11-14 13:30:53","post_date_gmt":"2022-11-14 13:30:53","post_content":"\n

\"\"<\/figure>\n\n\n\n

Bear trends<\/a> are an inevitable fact of any live market. Today crypto investors are witnessing a new market downturn that doesn\u2019t seem to end in the next few weeks.<\/p>\n\n\n\n

Here are some tips that can help reduce your portfolio losses \u2014 and potentially even benefit from the bear market<\/a>.<\/p>\n\n\n\n

What signs indicate a bear market<\/strong><\/p>\n\n\n\n

A bear market<\/a> is defined as a market that falls more than 20% from its most recent peak. Bitcoin has lost over 30% of its price for the past few weeks, and Ethereum has lost even more. Furthermore, stablecoins like TerraUSD and Tether cost less than $1 for some time.<\/p>\n\n\n\n

To sell or not to sell?<\/strong><\/p>\n\n\n\n

If you are a long-game player, there is no need to sell your crypto basing on gloomy market sentiments. Stay away from panic selling. Remember that even prolonged market declines, known as \u201ccrypto winters\u201d are usually followed by a promising boom.<\/p>\n\n\n\n

Bitcoin surged to its severe first peak of almost $20,000 in 2018 but collapsed to $3000 during the following year. And in October of 2021, Bitcoin hit a new price record of $68 000. Sometimes it\u2019s better to hold than sell, as investors say.<\/p>\n\n\n\n

How to survive and profit<\/strong><\/p>\n\n\n\n

Feel the trends.<\/strong>\u00a0Research previous bear markets<\/a> to see which assets actually went up and which didn\u2019t recover.<\/p>\n\n\n\n

Wait for the bottom.<\/strong> Don\u2019t rush to purchase crypto when the prices are low. They can be lower, so waiting for the right moment can save your money.<\/p>\n\n\n\n

Rebalance your portfolio.<\/strong> While your main assets may be plummeting, other tokens or NFTs can grow in value. Look for trending cryptos to sell them in short.<\/p>\n\n\n\n

Stay tuned.<\/strong> Check out the latest news and analytics and keep tracking the prices to not miss trading signals and indicators.<\/p>\n","post_title":"How to survive a bear market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"how-to-survive-a-bear-market","to_ping":"","pinged":"","post_modified":"2023-02-28 14:18:59","post_modified_gmt":"2023-02-28 14:18:59","post_content_filtered":"","post_parent":0,"guid":"http:\/\/78.47.81.216\/?p=335","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":494,"post_author":"7","post_date":"2022-11-18 12:16:40","post_date_gmt":"2022-11-18 12:16:40","post_content":"\n

\"\"<\/figure>\n\n\n\n

Binance is the largest and the most popular crypto exchange nowadays. It is the whole world with its own cryptocurrency, blockchain, NFT martketplace and a large community of adepts worldwide.<\/p>\n\n\n\n

Let\u2019s see how Binance\u2019s CEO, CZ, succeeded in building the leading exchange and making a difference in the world.<\/p>\n\n\n\n

How it all began<\/strong><\/p>\n\n\n\n

The founder, Changpeng Zhao (CZ), launched Binance in July 2017 and led its rise to the world\u2019s top crypto exchange in just a half of year.<\/p>\n\n\n\n

A Chinese-born immigrant in Canada, CZ came from humble beginnings, he even worked at McDonald\u2019s. After graduating with a computer science degree, CZ went into software development. In 2013, he learned about Bitcoin and decided to dedicate his life to it. CZ even sold his apartment to buy the cryptocurrency.<\/p>\n\n\n\n

Having worked some time for a crypto wallet provider and a crypto marketplace, OKCoin, CZ ventured into building his own exchange. He finally launched Binance through a $15 million ICO.<\/p>\n\n\n\n

Why it became so popular<\/strong><\/p>\n\n\n\n

The innovative decisions CZ took to build Binance allowed the platform to overcome its rivals. Till now it offers high volumes, low fees, and distinct advantages to users.<\/p>\n\n\n\n

This included the launch of a decentralized exchange called Binance DEX and the development of the BNB Smart Chain, along with the Binance Futures and Binance Coin (BNB) \u2014 which has become more than just a native token. To stay on trend, in June 2021 Binance presented its own NFT marketplace with lower minting fees for crypto artists.<\/p>\n\n\n\n

Other important features CZ implemented into his exchange were AML (Anti-Money Laundering) and KYC (Know Your Customer) compliance. These verification procedures prevent scams and speculations, and their adoption raised the authority of Binance.<\/p>\n\n\n\n

CZ himself names the things which make Binance successful. They are:<\/em><\/strong><\/p>\n\n\n\n

\u2014 Values<\/p>\n\n\n\n

\u2014 Protecting Users<\/p>\n\n\n\n

\u2014 Service<\/p>\n\n\n\n

\u2014 Product<\/p>\n\n\n\n

Were there any pitfalls?<\/strong><\/p>\n\n\n\n

Binance\u2019s way was not that easy for sure. At the start, CZ and his team faced challenges when the value of BNB sank below ICO price. But that was fixed with a decision to transform Binance into a more decentralized operation with a global workforce.<\/p>\n\n\n\n

Making a difference<\/strong><\/p>\n\n\n\n

Binance remains the leading crypto exchange, but aims to become even something more in this world. It\u2019s interesting to see how the platform interacts and reacts not only to the challenges of the crypto industry, but also to the real-world events.<\/p>\n\n\n\n

For example, Binance has set up the affiliate Binance.US to abide by financial regulations in the United States and stay in the legal field. Another great thing is that during the Russian-Ukrainian war, Binance allocated a $10M donation to help the Ukrainian refugees.<\/p>\n\n\n\n

CZ is definitely leading a socially responsible and community-friendly business, which deserves respect, and maybe even adoption of some of Binance\u2019s values.<\/p>\n","post_title":"How Did Binance Change the Crypto Industry?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"how-did-binance-change-the-crypto-industry","to_ping":"","pinged":"","post_modified":"2022-12-19 09:38:12","post_modified_gmt":"2022-12-19 09:38:12","post_content_filtered":"","post_parent":0,"guid":"http:\/\/78.47.81.216\/?p=494","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":1155,"post_author":"7","post_date":"2023-03-15 05:57:38","post_date_gmt":"2023-03-15 05:57:38","post_content":"\n

\"\"<\/figure>\n\n\n\n

Today, DeFi <\/strong>and blockchain <\/strong>technology have become an integral part of the cryptocurrency <\/strong>economy and counterparts to the traditional financial system<\/strong>. Now people store money in a secure digital wallet and conduct financial transactions<\/strong> in seconds without intermediaries and third parties. Anyone with a stable Internet connection can use the DeFi application<\/strong>, plus it's very convenient and transparent<\/strong>.<\/p>\n\n\n\n

So we will be discussing a very important and relevant topic of DeFi work<\/strong>. DeFi <\/strong>is likely to be the fastest-growing trend in the cryptocurrency <\/strong>industry in 2023. That's why both beginners and experienced crypto <\/strong>enthusiasts need to know how decentralized finance<\/strong> works and who can benefit from it.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

What is decentralized finance<\/strong>?<\/h2>\n\n\n\n

This is a publicly available ecosystem of financial services<\/strong> and apps based on public blockchains <\/strong>(mostly ETH). DeFi <\/strong>also works without any centralized authority. DeFi <\/strong>covers all aspects of financial services<\/strong> and financial transactions<\/strong> (it can also be lending, borrowing, and trading). <\/p>\n\n\n\n

At a time when the government is trying to centralize <\/strong>all financial services<\/strong>, a solution based on blockchain <\/strong>technology is just perfect. Any user can interact with decentralized finance<\/strong> and manage assets through P2P and dApps. Let's take a look at all the major advantages of DeFi <\/strong>right away:<\/p>\n\n\n\n

    \n
  • It's transparent<\/strong>. The source code of DeFi applications<\/strong> is open, which allows anyone to understand the functionality of a smart contract<\/strong> or identify bugs. All transaction <\/strong>activity is public (financial transactions<\/strong> are pseudo-anonymous).<\/li>\n\n\n\n
  • There are no centralized structures in DeFi <\/strong>and that's great. All rules are written in a smart contract<\/strong>. Once the smart contract<\/strong> is deployed, the DeFi <\/strong>app can run autonomously, requiring minimal or no human intervention. Smart contracts<\/strong> govern all financial services. <\/strong><\/li>\n\n\n\n
  • Anyone can create and use the DeFi <\/strong>app. Unlike the traditional financial sector, there are no dispatchers or accounts that require complex forms to work with. Through wallets, users interact directly with smart contracts<\/strong>.<\/li>\n\n\n\n
  • New DeFi <\/strong>apps can be created by combining other DeFi <\/strong>products (e.g. stablecoins <\/strong>or exchanges<\/strong>). This feature of DeFi <\/strong>is similar to a model in which a given structure can be assembled in various combinations. In addition, most of these apps are available to any user.<\/li>\n\n\n\n
  • Decentralized finance<\/strong> also provides an adaptable user experience. If you don't like the app interface, you can create your own. Smart contracts<\/strong> are like an open API for which anyone can build apps.<\/li>\n<\/ul>\n\n\n\n

    So, DeFi <\/strong>refers to a new financial system built on blockchain <\/strong>technology. In DeFi<\/strong>, apps are created using smart contracts<\/strong> on a blockchain<\/strong>, allowing for control and management of financial services<\/strong> or transactions <\/strong>without the need for third parties. <\/p>\n\n\n\n

    The DeFi <\/strong>ecosystem also consists of crypto <\/strong>assets, such as tokens<\/strong>, and stablecoins<\/strong>. Users' funds are stored in digital wallets. All transactions <\/strong>here are quick to execute, there is no long chain of brokers. This is convenient for deposits <\/strong>and lending. For example, the lender doesn't have to share the profits with the bank, which accepts deposits <\/strong>at one interest rate and gives loans much higher.<\/p>\n\n\n\n

    Some disadvantages of DeFi<\/strong><\/h3>\n\n\n\n

    However, despite the many advantages, such financial services<\/strong> on blockchain <\/strong>technology also have their drawbacks:<\/p>\n\n\n\n

      \n
    • One of them is the low performance of the system. This is because blockchains <\/strong>are slower than their centralized counterparts, requiring additional product optimization.<\/li>\n\n\n\n
    • Another drawback is the high risk of user error. These apps transfer responsibility from intermediaries to users, which can be a negative aspect. Developing solutions that can minimize the risk of error is particularly challenging when products are deployed on top of a blockchain<\/strong>.<\/li>\n\n\n\n
    • One more disadvantage is that development control is in the hands of one team. This problem is not always relevant, as some platforms involve working with users on improvements, but it is faced by many. In particular, challenges arise at the point where responsibility is delegated to the community.<\/li>\n<\/ul>\n\n\n\n

      In addition, this ecosystem is also characterized by instability. Finding the most appropriate app can be difficult, and users must have a certain skill set to choose the best option.<\/p>\n\n\n\n

      What does DeFi <\/strong>do?<\/h2>\n\n\n\n

      DeFi's primary goal is to change the conventional financial system, which relies on centralized institutions to facilitate transactions<\/strong>. Thanks to these technologies and open-source DeFi protocols<\/strong>, more people have access to new financial services,<\/strong> exchanges<\/strong>, and platforms. DeFi <\/strong>also helps users earn money on cryptocurrency <\/strong>assets and save on transaction <\/strong>costs. To make it easier to understand, let's look at all the DeFi <\/strong>uses and how it works:<\/p>\n\n\n\n

        \n
      • Generate ongoing income and rewards on your cryptocurrency <\/strong>by lending it out instead of receiving a monthly payout.<\/li>\n\n\n\n
      • Secure a loan instantly and without the need for extensive paperwork, including access to ultra-short-term loans that are not available from traditional institutions.<\/li>\n\n\n\n
      • Engage in P2P trading of selected cryptocurrencies<\/strong>, similar to buying and selling stocks without a brokerage intermediary.<\/li>\n\n\n\n
      • Allocate your cryptocurrency <\/strong>holdings to alternative savings accounts and earn higher interest rates compared to traditional accounts.<\/li>\n\n\n\n
      • Take advantage of long or short positions on specific assets, similar to the crypto <\/strong>counterpart of stock options\/futures.<\/li>\n<\/ul>\n\n\n\n

        Let's also talk about other ways to use this technology. You already know that stablecoins <\/strong>are cryptocurrencies <\/strong>whose value is tied to a fiat asset. MakerDAO, for example, offers another model of stablecoins<\/strong>. The issuance pattern of Dai's stablecoins <\/strong>can be compared to gold-backed money. The distinction is that ETH cryptocurrency <\/strong>is used instead of gold.<\/p>\n\n\n\n

        Now let's talk about exchanges<\/strong>, in this case, DEX (most people today have confidence only in these exchanges<\/strong>). It is a decentralized exchange<\/strong>, which doesn't keep funds and users' info on exchange <\/strong>servers. Such an exchange <\/strong>acts solely as a platform for matching orders to buy\/sell cryptocurrencies<\/strong>.<\/p>\n\n\n\n

        The system of these exchanges <\/strong>works in such a way that each transaction <\/strong>is conducted between users directly, and the exchange <\/strong>doesn't access\/store the crypto <\/strong>of its clients. Such exchanges <\/strong>offer a new model of crypto <\/strong>trading and exchange<\/strong>. One of the most successful and actively developing decentralized exchanges <\/strong>is Uniswap.<\/p>\n\n\n\n

        DeFi <\/strong>is also used to create prediction markets, services, and games (items in these games are usually non-fungible tokens <\/strong>that can be sold). The number of these projects is steadily growing. Some DeFi protocols<\/strong> enable liquidity mining and yield farming. The last concept refers to any action aimed at obtaining crypto for some kind of activity. It can be giving or taking credits, providing liquidity. Farming has gained a lot of popularity because of the opportunity to earn a good income.<\/p>\n\n\n\n

        What is the total value locked in DeFi<\/strong>?<\/h2>\n\n\n\n

        Before you try to make money on a project, you need to analyze how dangerous it is to invest tokens <\/strong>or other digital assets there. This is where the TVL can help. One indicator of a project's sustainability is how much funds other users currently have in its contract. Let's understand what TVL is and why you should always pay attention to this indicator.<\/p>\n\n\n\n

        TVL shows the amount of blocked or frozen crypto <\/strong>funds on the project's smart contract <\/strong>or liquidity pool. In other words, when you see the TVL abbreviation, it means how much cryptocurrency <\/strong>is currently invested in that particular project. The higher the number of funds, the better and safer it is for the potential investor.<\/p>\n\n\n\n

        With a high TVL, there is no risk of a sharp collapse of staking\/farming. There will not be a situation where multiple users who have invested their tokens <\/strong>will take them out, sell the accumulated cryptocurrency <\/strong>and leave you with nothing. The more frozen tokens <\/strong>\u2014 the more people are interested, supporting, and developing this crypto <\/strong>project.<\/p>\n\n\n\n

        \"\"<\/figure>\n\n\n\n

        Conclusion: how does DeFi <\/strong>challenge banking?<\/h2>\n\n\n\n

        In a world where states are trying to centralize <\/strong>all transactions<\/strong>, this technology comes in handy. Now DeFi <\/strong>offers many of the same services as banks, including earning interest, borrowing\/lending, buying insurance, trading derivatives\/assets, and more. However, this technology is faster, more efficient, and doesn't require extensive paperwork or a third-party intermediary in transactions<\/strong>.<\/p>\n\n\n\n

        Today DeFi could<\/strong> provide financial services <\/strong>and transactions <\/strong>that are more accessible, and inclusive. All applications are accessible to anyone with a smartphone or computer. This eliminates the need for a physical bank branch and allows people to participate in financial activities from anywhere in the world. Now, cryptocurrency <\/strong>is opening up new opportunities for innovation and growth in the financial area. So, this is a real contrast to ordinary banking, where a central government controls the system.<\/p>\n\n\n\n

        Is Bitcoin a decentralized finance<\/strong>?<\/h3>\n\n\n\n

        BTC is considered a decentralized digital currency, but it is not a comprehensive DeFi <\/strong>on its own. However, some DeFi applications<\/strong> may use BTC as a form of collateral or payment.<\/p>\n","post_title":"What is DeFi","post_excerpt":"What is decentralized finance and why do we need the DeFi ecosystem? DeFi's key features and benefits, disadvantages, and risks. How is DeFi challenging the traditional banking industry?","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"what-is-defi","to_ping":"","pinged":"","post_modified":"2023-03-15 05:57:39","post_modified_gmt":"2023-03-15 05:57:39","post_content_filtered":"","post_parent":0,"guid":"http:\/\/78.47.81.216\/?p=1155","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"likes":"3","lang":"en","translations":{"en":399},"pll_sync_post":[],"_links":{"self":[{"href":"https:\/\/blog.ag.qubiq.cc\/index.php?rest_route=\/wp\/v2\/posts\/399","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.ag.qubiq.cc\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.ag.qubiq.cc\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.ag.qubiq.cc\/index.php?rest_route=\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.ag.qubiq.cc\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=399"}],"version-history":[{"count":2,"href":"https:\/\/blog.ag.qubiq.cc\/index.php?rest_route=\/wp\/v2\/posts\/399\/revisions"}],"predecessor-version":[{"id":402,"href":"https:\/\/blog.ag.qubiq.cc\/index.php?rest_route=\/wp\/v2\/posts\/399\/revisions\/402"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.ag.qubiq.cc\/index.php?rest_route=\/wp\/v2\/media\/400"}],"wp:attachment":[{"href":"https:\/\/blog.ag.qubiq.cc\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=399"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.ag.qubiq.cc\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=399"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.ag.qubiq.cc\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=399"},{"taxonomy":"authors","embeddable":true,"href":"https:\/\/blog.ag.qubiq.cc\/index.php?rest_route=%2Fwp%2Fv2%2Fauthors&post=399"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}