Forewarned is forearmed. Here's a reminder of the 4 commandments when dealing with cryptocurrencies:

➡️ Use hardware or «cold» wallets to store the bulk of your investments. They are more secure.

➡️ Ensure your browser's security since it's the most popular tool hackers use.

➡️ Use different passwords for different services, especially when dealing with crypto exchanges or online wallets.

➡️ Under no circumstances show or send your seed phrase to anyone.

And, of course, do not respond to Vitalik Buterin on Telegram 🤡

We're glad to see that people are increasingly wondering where the safest place to store their funds is, and are considering Ledger as a good alternative ⬆️

We have analyzed and are now sharing all the pros and cons of the miracle flash drive.

💰 Advantages of Ledger:

- Private keys are stored on the device, not on a computer or in the cloud, making them inaccessible to online attacks

- Device protection with authentication and encryption mechanisms, preventing unauthorized access to assets

- Ability to manage transactions in standard mode

- Simple and clear interface, making it accessible to users of different experience levels

💰 Disadvantages of Ledger:

- The price of Ledger can be quite high for some users, especially for beginners

- Unlike online wallets, Ledger requires a physical device to access your cryptocurrencies, which can be inconvenient in some situations

- Since a ledger is a physical device, there is a risk of loss or damage without the ability to regain access to the assets

- While the modern Ledger supports a large variety of assets, it may be limited in supporting newer or less popular coins

Do you use a Ledger? Comment below 💸

In case anyone forgot, let's get reacquainted! We are Minto!💰

Is there anything perfect in the world? Now there is!🔥

Check out our new merch and see for yourself!

Maybe you haven't had a chance to visit our farm yet and figure out why we put on headphones when we go inside. But today you can try to guess the real sound of a miner here 🤡

So, you sent your first bitcoin and are waiting for confirmation? Are you experiencing palm sweating and heart palpitations 🤔

Actually, it's all good. The waiting time for transaction confirmation can vary greatly depending on the current network load and fees. We've listed some averages for you:

1-2 blocks: If the commission is high enough, the transaction can be confirmed within 10-20 minutes.
2-6 blocks: For normal commissions, wait time can range from 20 to 60 minutes.
6+ blocks: For low commissions or high network utilization, confirmation can take several hours.

By the way, you can prioritize and speed up transaction confirmation by increasing the commission. Some companies and services also offer transaction acceleration services that help to include your transaction in the block faster.

And in general, latency is not a bad thing as it is caused by technical and economic network factors. These mechanisms provide network security and decentralization, which are key the benefits of bitcoin.

Drop a hint as to what our team does in their spare time. In the meantime, if anything is missing — post it in the comments 🔥

Early bitcoin users reduced transaction fees or increased their anonymity online, but how? Have a seat, we're about to share all about it 🤫

It seems like an outdated and inconvenient solution now, but there used to be transaction tumbling.

The idea behind this solution was this:

Let's say you are Alice, who has to make a transfer to Bob every day. Bob, in turn, also has to transfer funds to someone else quite often, e.g., Eve and so on in a circle.

Would you agree that it is not very profitable to send dozens of transactions to each other every day? Bitcoin commissions are quite high, and hardly everyone likes the publicity of your daily transfers.

The solution to this problem was transaction tumbling. To create a tunnel, you had to stipulate all its participants in advance. A departure of one of the participants from your group or the addition of a new one leads to the destruction of the old tunnel and the formation of a new one, so you need to precisely stipulate the terms of your cooperation in advance.

So, how does it work?

In general, this mechanism has numerous different implementations, but one of the most common solutions is using a trusted service.

➡️ You form a group of participants who will mix transactions among themselves in the future.

➡️ You transfer your funds to a temporary account, which is controlled by a trusted service.

➡️ Through the trusted service or in any other way, all group members indicate where and what amounts they will send within a predetermined period of time.

➡️ After your contract is finalized, the service or participants calculate how much each user needs to transfer and a single transfer is made.

As a result, instead of paying numerous commissions, each participant pays only for the deposit of funds and the service for their withdrawal. In addition, it becomes more difficult to track the exact movement of funds, which increases the anonymity of such transfers. However, with the passage of time and improvement of bitcoin analytics technologies, such solutions became irrelevant and outdated.

They have been replaced by second-tier protocol solutions for Bitcoin that allow for instant and low-cost transactions between all participants. They also allow the creation of private channels between different users.

React if you liked this post 💰

⚡️ Breaking News. Again:

😠 The candidates for the next presidency of the United States have abandoned the standardized vote and decided that the one whose meme token raises the most money will win. So far, $TRUMP and $BODEN are among the leaders.

🔒 One developed country's tax service has been out of business for a year and shut down as a result due to fierce debate over which blockchain they should analyze first for fraudulent transactions.

👽 When disassembling the miners , the main source of the noise was revealed - all of it it was the fault of colonies of little aliens from the planet ToTheMoon, which make a very loud slurping noise when they absorb electricity.

📝 Scientists have created the most energy-efficient consensus algorithm, Proof of paper. You write a check, which is the proof of funds transfer. It works asynchronously and provides more bandwidth.

🍅 During Elon Musk's stream, fruit got into the frame, some serious Bloomberg analysts took it as a signal and began to buy vegetable meme-tokens en masse.

If you ask our CEO what he thinks the best place in the world is, he will no doubt say Dubai, but in his heart he will only remember our farm. No wonder, look how beautiful it is!👀

React if you want to go there one day 💰