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Solana Proposal On Monday the 27th of May 2024 it was revealed that Solana validators will receive a little more SOL tokens going forward following the successful passing of a governance proposal to give them 100% of priority fees. The vote saw 77% in favour of the proposal and will aim to cut out previous potential 'side deal transactions' between validators and submitters as the old format saw priority fees split between burning and rewarding validators. Validators are important participants in a blockchain network given their role in confirming transactions via software they run, along with adding security to the network. The priority fees are additional fees users can pay to increase the likelihood of their transactions being processed quicker by the network. Previously, as noted above, half of the fees in a priority transaction were erased while the other half went to the validators. The 'side deals' created between transaction submitters and validators were being done so validators could gain more SOL, but this proposal ensures all the priority fees will now go to validators. This will also help to ensure validators are more focused on keeping the network safe and running smoothly.

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What’s an NFT Anyway? An NFT, or Non-Fungible Token, is like the digital world's version of a one-of-a-kind trading card. It’s a unique digital asset that represents ownership of a specific item or piece of content—think digital art, collectibles, music, videos, or even virtual real estate. Unlike cryptocurrencies like Bitcoin or Ethereum, which can be swapped one-for-one, NFTs are indivisible and irreplaceable, giving them their unique value. Each NFT is stored on a blockchain—a fancy term for a decentralized digital ledger that ensures the asset's authenticity and provenance. The most popular blockchain for NFTs? You guessed it, Ethereum, thanks to its smart contracts that manage ownership and transfers. NFTs are making waves in various industries, from gaming and online entertainment to digital collectibles. This tech allows artists and creators to monetize their work directly, sparking a new digital economy centered around digital goods' scarcity and ownership. What Rocked the NFT Boat? - Market Dynamics: NFT sales skyrocketed during the pandemic, extending beyond digital art to sectors like music, gaming, and virtual real estate. This surge was driven by the novelty and speculative allure of NFTs, with some fetching millions. But as the initial excitement waned and the market got crowded, a significant decline followed. - Economic Factors: The decline wasn’t helped by broader economic conditions like higher inflation, increased interest rates, and tighter post-pandemic monetary policies. Less disposable income and a lower appetite for high-risk investments like NFTs made matters worse. Plus, the cryptocurrency market's downturn, closely tied to NFTs, further reduced investor interest. - Impact of Key Events: The collapse of major crypto projects like Terra Luna and the bankruptcy of FTX eroded investor confidence in digital assets. These events highlighted the volatility and risks of emerging asset classes, leading to a liquidity crunch in the NFT market. #

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Single-Signature vs. Multi-Signature: What Are They? To access a crypto wallet or execute transactions, you need specific private keys. These keys could be singular or multiple, depending on the chosen management scheme. A single-signature scheme involves just one private key, hence its name. Conversely, if there are multiple keys, it's termed multi-signature. Single-signature stands as the oldest and simplest method of Bitcoin storage. Its defining feature? The dreaded single point of failure. In simpler terms: lose or have your private key stolen, and you're kissing your hard-earned coins goodbye. In this scenario, multi-signature emerges as the hero, eliminating the single point of failure. You might register three keys, for example, but only two are needed for a transaction. Losing one isn't encouraged, but it won't necessarily spell disaster. Which One to Choose? Due to its simplicity, single-signature wallets are favored among investors over multi-signature setups. One signature, one key, no extra fuss – it's convenient and efficient. That's why single-signature is best suited for novice Bitcoin holders and traders with limited experience. On the other hand, multi-signature is typically chosen by either owners of substantial Bitcoin holdings or crypto exchange personnel looking to set up joint access to a cold wallet. It's worth noting that these two schemes serve different purposes without competing against each other. Single-signature is handy for day-to-day trading and short-term deals, while multi-signature is wiser for long-term investments. Pros and Cons Let's get one thing straight – everything's subjective. What's an advantage in one strategy might be a neutral factor in another and a drawback in yet another. In broad strokes, the advantages of single-signature schemes include ease of use, straightforward operation, and privacy. However, the single point of failure remains a major drawback. Multi-signature setups appeal with their heightened security. Yet, their main downside lies in complexity.

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Why Are Crypto Transactions Irreversible? Cryptocurrencies rely on blockchain technology, a decentralized ledger that records every transaction across a network of computers. Each transaction is validated by network nodes using cryptography and then recorded in a block. Once confirmed and added to the blockchain, a crypto transaction becomes a permanent and secure record, showcasing the blockchain's immutability. The immutability of the blockchain is a highly celebrated feature. This ensures that once data is written to the blockchain, it cannot be altered or deleted. Consequently, once a cryptocurrency transaction is confirmed, it cannot be reversed by any party, including the sender, recipient, or the network itself. 1. Decentralization. Unlike traditional banking systems where a central authority can intervene, blockchain operates on a decentralized network. There is no central entity to mediate disputes or reverse transactions. 2. Consensus Mechanism. Transactions are confirmed through a consensus mechanism (such as Proof of Work or Proof of Stake), where multiple network participants verify and agree on the transaction’s validity. Once consensus is reached and the transaction is added to the blockchain, it becomes a permanent part of the ledger. 3. Security. The irreversible nature of crypto transactions enhances blockchain security, preventing double-spending and ensuring the integrity and reliability of transaction history. Addressing the Irreversibility Issue for Your Clients For merchants and businesses using NOWPayments to accept cryptocurrency payments, the irreversibility of transactions can pose challenges. However, various strategies and tools can help mitigate the risks associated with irreversible transactions and enhance security.

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What is Tezos? The History Tezos was created by Arthur and Kathleen Breitman, who envisioned a blockchain that could avoid some of the pitfalls and inefficiencies seen in earlier blockchain projects like Bitcoin and Ethereum. Launched in 2018 after a successful ICO in 2017, which raised $232 million, it aimed to make a self-amending Tazos crypto chain protocol. Tezos Coin (XTZ) The foundational cryptocurrency of the Tezos ecosystem is the Tezos coin, known as XTZ. It facilitates staking, handles transaction costs, and plays a crucial role in governance. Holders of XTZ can actively participate in shaping the network’s consensus framework and accrue rewards for contributions. To manage and utilize XTZ efficiently, users can set up a Tezos wallet, which allows for secure storage, staking, and transaction handling. Creating a Tezos Wallet If you’re interested in joining the Tezos crypto investing, the step forward is to create a Tezos wallet. Guarda Wallet (https://guarda.com/) is a secure way to manage your XTZ coins. Simply load the Guarda Wallet app or use the web, follow the instructions to set up a new XTZ wallet, and add Tezos to your portfolio. How to Buy Tezos Find the ease to buy Tezos with Guarda Wallet. You can buy XTZ directly with the wallet using your preferred payment method, including credit cards and bank transfers. Guarda ensures a seamless buying experience with its integrated exchange services. Moreover, the digital wallet offers the opportunity to sell XTZ to USD or preferred currency. How to Exchange XTZ If you want to exchange XTZ for crypto, for example, XTZ to USDT, explore the exchange feature allawing you to swap Tezos for a wide range of assets quickly and securely. Whether you’re looking to diversify your portfolio with Tezos wallet or exchange your crypto, Guarda is a top-platform for all your crypto demands.

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