Crypto Cardigan Blog

Gamee Not strictly a cryptocurrency related post (yet) but I first found this via a cryptocurrency challenge in a telegram group and it does provide a potential source of cash that is paid out via paypal which can then potentially be used to purchase cryptocurrency. It's a collection of around 80 small games that can be played on a PC or a mobile device with no additional installation or cost. Every game played earns tickets into a weekly and daily draw for the chance of winning up to $500 per week or $5 per day. Other lucky number game cards also pay out $5 or $100 approximately every 4 hours. Daily spins also give the opportunity to earn small amounts of cash with one spin guaranteeing some cash if you log in for seven consecutive days. The reason that I wrote "yet" in the first line above is that in October 2020 there was an announcement from Animoca Brands and Gamee that there will soon be a Gamee Token being released based on the Ethereum (ETH) token. See this post f...

When I started creating my list of terms, definitions and jargon one of the first terms that I listed was wallet and defined it as: "A piece of software or an app, either on a computer or mobile device, used to securely hold your cryptocurrency" . I'll be adding a list of wallets that I know or have used in another post but thought I'd introduce one in detail here.  TronLink Pro A wallet is one of the most basic things that you need in order to start holding cryptocurrency. You need to know what currencies you will be holding and using but TronLink Pro is one of the best that  I have used for holding currencies based on the Tron (TRX) token. It has a very good mobile version on Android (sorry I can't comment on the iPhone version) that has a nice user interface and gives instant views of your current tokens and their Tron equivalent and US Dollar values. This is also a particularly interesting wallet as it can also be installed as an extension in Google Chrome or ...

A quick note today to say that it's really important to make sure you stay safe when getting into cryptocurrency (or even if you've been using it for a while).  Just like you wouldn't give anybody your credit card number, pin number or bank details it is also important to make sure that you don't give out any personal details that would compromise the security of your cryptocurrency. Never give anybody your private keys from any cryptocurrency wallet, never pay cryptocurrency to anybody with the intention of getting a return from them, watch out for unsolicited emails or messages to you that seem dodgy. I would never send an email to anybody asking for any personal details (I have no idea who any of my readers are and as this blog is just a personal account of my experiences I have no intention of making contact with you).  Scam emails are rife in the cryptocurrency world so make sure that you stay safe and please think, if something sounds too good to be true then it i...

I will use this space to write some (hopefully) plain English definitions of common terms related to cryptocurrency and I will keep updating this post so please bookmark it if you find it useful. Airdrop A time-limited promotion where cryptocurrency coins or tokens are given away in return for doing small tasks, like promoting the currency on social media, downloading software, referring friends etc. Cryptocurrency A purely digital currency that is secured by cryptography. Exchange An exchange is a website or application (app) that allows you to exchange one cryptocurrency for another kind of cryptocurrency. There are lots of different ones around that cater for various products, some are really large financially but only offer changes in a handful of major currencies whereas others may include lots of smaller currencies or tokens for exchange. When choosing an exchange you need to consider fees for exchange and for transferring in/out. A list of exchanges that I have used can be found...

I introduced the term airdrop in the previous post and there are several other cryptocurrency related terms and jargon that require explanations. There is a wealth of knowledge on the internet for anybody searching but I'm going to start a reference post in this blog to hopefully explain some of the key terms in plain English. I'll start small and hopefully build it up over the coming weeks and months (just like this blog!) First one coming tomorrow. Thanks for reading Crypto Cardigan

****Edit - since posting this, the airdrop has reached the 5,000 member mark and so has stopped early...obviously too many people promoting it :) For today's post I'm going to bring your attention to something called an airdrop and illustrate it with an example that I've been completing over the last few days so I know that it works. As I said in a previous post there are over 6,000 types of cryptocurrency, a few of which are worth hundreds or thousands of US Dollars each and many others worth less than a cent (some even less than a thousandth of a cent). Each cryptocurrency is produced for a particular reason, it may be that the developer has some new aspect of security or speed in mind, it may be that they want the currency to be delivered differently or used in a different way but a lot of them are tokens that are integrated into apps and used as gaming tokens or for purchasing items within an app. Whenever a new token is released quite often the developers will set asid...

 So what do I mean when I say that this blog is going to be about Cryptocurrency? We all know what currency is, we use it all of the time: US Dollars, British Pounds, Euro's Japanese Yen etc. Each of these currencies have their own "tokens" such as coins or notes (in the US they have nickels, quarters, dimes, $100 dollar notes etc.) and they can be exchanged for products and services. We use the currency to buy things but only in the country where they are valid, you can't (usually) take Australian dollars and spend them in shops in Kenya for example. This means that the currency that we are used to is specific to the area in which we live and if we want to travel to a different country in the world we generally have to exchange one currency for another. The exchange often costs a small fee and we need to know in advance approximately how much we need to exchange otherwise when we get back home after a trip we have to exchange it back (and paying another small fee). L...

Okay, it's my first post and I'm going to make it a short one. I've been looking at cryptocurrency for the last few months and thought I'd share my experiences of it so far in this blog. I'm not an expert, I haven't got rich, I'm not selling anything. I'm just interested in learning so I'm scratching the surface and seeing what I can find out and how I can educate myself about this (not) new but rising phenomenon. Stephan Colbert said that [bitcoin] was "Gold for nerds" . I'm a bit of a nerd (hey, I have a blog!) and I'd like some gold (although the realist in me keeps telling me that there's no way I'm ever going to make any money from this) so I'm going to take a look at some things out there and report back what I find so that hopefully it'll give you some feedback and we can learn together. The blog may not be very regular as I have other things to do, but everytime I find a new source of cryptocurrency, find som...