Giveaway - Shapeshift Platform is giving away 1 Ethereum to 10 lucky winners

The ShapeShift platform is giving away 10 ETH. 10 winners will receive 1 ETH each. Super easy to participate especially if you already have an account and use the ShapeShift platform to trade. 

How to enter? 

Simply reconnect your hardware wallet to the ShapeShift platform until Feb 23rd and you are in for a chance to win. Once you log into your account an email confirmation will be sent to you just like this one I just received. 



Winners will be notified by email on Feb. 24th.

Please note that the ShapeShift platform is compatible with Ledger, Trezor and Keep Key Hardware wallets. 

I personally enjoy trading using my ShapeShift account and my KeepKey device. I feel much safer using a non-custodial exchange than using regular exchanges. With a non-custodial exchange such as ShapeShift I can trade directly from my device. The transfer to the ShapeShift exchange only happens during a split second. And right after the sale the exchanged funds are immediately transferred to my Keep Key, Giving…

Crypto Dictionary: The Basics according to social media

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To understand about crypto one must first know it's lingo. Cryptocurrencies and blockchain technology are a fairly new phenomenon. Because of that its language is still being developed in many ways. Only 5 words related to cryptocurrency are sited in the Oxford Dictionary, but a huge array of words old and new as well as slangs and abbreviations are used by the crypto community on a daily basis. Knowing what they mean gets us one step closer to understanding Crypto in general.

In this article I picked 10 definitions from the site decryptionary.com that I think are essencial to start.

1. 2 Factor Authentication or 2FA:  "is defined as an additional layer of security requiring information that verifies the owner, and nobody else, is accessing their account.
Whether or not you have a strong password, your accounts can still be hacked. Two Factor Authentication can be the final barrier that keeps your accounts safe from hackers."
2. 51% Attack:  "is defined as a situation where more than half of the computer power running a blockchain are controlled by one person or one group of people with evil intentions. That person or group with the majority power can manipulate transactions in his favor."
3. Altcoin: "is defined as any cryptocurrency except for Bitcoin. “Altcoin” is a combination of two words: “alternative Bitcoin” or “alternative coin”."
4. ATH: "is short for “All Time High”, and is defined as the highest value an investment has ever reached in its history."
5: Bear / Bull: "Bear market is defined as a decreasing set of prices for various types of assets. A bearish investor wants to profit from the movement of dropping prices. / Bull market is defined as a continued increase in value for any type of asset. Also known as a “bull run”."
6. Centralized / Decentralized: "Centralized describes a system or organization that is controlled by one person or group. Companies are centralized organizations./ Decentralized Autonomous Organizations also DAO describe leaderless organization supported by a network of computers. To be decentralized, it must have no central location because it is running on a network of computers. And because there is no single leader and has its own rules to follow, it is autonomous, or self-governing." 
7. Fork: "A fork or accidental fork is a split in the digital recordings, known as the blockchain."
8. Mining: "Mining is defined as the process of using computer power to solve a complex math problem, review and verify information, and create a new recording to be added to the blockchain."
9. Private key: "is defined as a string of letters and numbers known only by the owner that allows them to spend their cryptocurrency. NEVER SHARE your private key unless you want someone else to be able to take all of your money!
Your private key is very similar to your password to access your crypto. Compare a private key with a public key and address:
  • Your public key is rarely ever used, but you can use it to receive cryptocurrency.
  • Your address is a safer version of your public key and is what you should use to receive money."
10. Public key: "is defined as a string of letters and numbers that allows cryptocurrency to be received. However, public keys are not considered as safe to use as public addresses."

Overall these are 10 basic words that I picked from over 400 crypto related definitions featured by Decryptionary. In my opinion, as the industry evolve and more people dive into the technology many of this words are going to popularize and become more mainstream. 

By: Michelle Mafra
Mamãecrypto
www.mammycrypto.com
mamaecrypto.blogspot.com
Youtube: @Mamaecrypto
Twitter: @Miximports
Facebook: @Mamaecrypto
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Steemit: @Mamaecrypto
Creary: @Mix
Publish: @mamaecrypto
SoMee.social: @mamaecrypto

Comments

Unknown said…
Super useful as a reference, and a really good starting point.

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