cryptocurrency - Elixis Technology https://elixistechnology.com Las Vegas IT Thu, 18 Aug 2022 06:20:58 +0000 en-US hourly 1 https://wordpress.org/?v=6.5.2 https://elixistechnology.com/wp-content/uploads/2021/08/cropped-ElixisIcon_FullColor-32x32.png cryptocurrency - Elixis Technology https://elixistechnology.com 32 32 BitCoin Dip – What Happened? https://elixistechnology.com/bitcoin-dip-what-happened/?utm_source=rss&utm_medium=rss&utm_campaign=bitcoin-dip-what-happened Thu, 23 Jun 2022 11:22:00 +0000 https://elixistechnology.com/?p=7306 Terra’s “StableCoin” A stablecoin is, in theory, just that – stable. It’s a crypto coin that is directly tied to a country’s unit of money on a one-to-one ratio. Terra’s stablecoin was equal to exactly one U.S. dollar before it tanked. Terra’s stablecoin was also tied to Luna – instead of being backed by a […]

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What is a DAO? https://elixistechnology.com/what-is-a-dao/?utm_source=rss&utm_medium=rss&utm_campaign=what-is-a-dao Wed, 16 Mar 2022 10:29:00 +0000 https://elixistechnology.com/?p=7210 Spice DAO bought a copy of Dune for around 100 times what it was actually worth. I covered that in an earlier article – but what is a DAO? Take a DAO DAO stands for Decentralized Autonomous Organization, which is sort of vague. Right now, every DAO does things a little differently, and determines their […]

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RugPulls https://elixistechnology.com/rugpulls/?utm_source=rss&utm_medium=rss&utm_campaign=rugpulls Mon, 14 Mar 2022 10:24:00 +0000 https://elixistechnology.com/?p=7208 NFTs… are not doing so hot, reputation-wise. The Classic RugPull Believe it or not, when things are only worth as much as a group’s belief in them, not believing in those things makes them stop being worth anything. The first one to really hit pop-culture as a rugpull might have been SquidCoin, a cryptocurrency coin […]

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The World of Crypto Scams https://elixistechnology.com/the-world-of-crypto-scams/?utm_source=rss&utm_medium=rss&utm_campaign=the-world-of-crypto-scams https://elixistechnology.com/the-world-of-crypto-scams/#respond Mon, 12 Jul 2021 16:52:12 +0000 https://elixistechnology.com/?p=6577 Yep – it’s mainstream now. What is Cryptocurrency? A cryptocurrency is a digital currency protected by cryptography. Just like physical currency, the digital coin is representative of a certain amount of value – you own a Bitcoin, you have the equivalent of 36,000 USD. You own an Ethereum coin, you have the equivalent of about […]

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What’s the Deal with NFTs? https://elixistechnology.com/whats-the-deal-with-nfts-2/?utm_source=rss&utm_medium=rss&utm_campaign=whats-the-deal-with-nfts-2 https://elixistechnology.com/whats-the-deal-with-nfts-2/#respond Thu, 27 May 2021 17:36:02 +0000 https://elixistechnology.com/?p=6511 Is it Bad for the Environment?   Well – that’s complicated. Blockchain technology already takes a lot of energy, but because it’s limited to the people and companies that can afford powerful computers, its impact is limited. However, that doesn’t mean it will stay limited. NFTs use a form of blockchain tech that’s less efficient […]

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