Posts

Why a decentralized ETH <=>BSC bridge?

 Tixl announced today that they finally launched their decentralized ETH<=>BSC bridge . What does being decentralized mean? Is it fair if I just say: decentralized is safer and faster than centralized? Let's just compare a Centralized Exchange (CEX) versus a Decentralized Exchange (DEX). Or Binance versus Uniswap. If you want to buy or sell a crypto in Binance, you have to go there, sign-up, sign-in and transfer your money to a wallet the CEX will keep there. Then you buy or sell whatever you want. The only player that knows how much money you have there is CEX. If something happens and they get themselves hacked (never seen that happening in the past...), the hackers could steal all your cryptos. When you talk about DEX (or Uniswap, in this example), all you have to do is connect your wallet to their system. They will only facilitate the exchange (coins go from one person to another and vice versa) and, as soon as it is done, your new coins are in your wallet, under your own...

With high fees and poor performance, can BTC and ETH be used to buy a coffee at Starbucks?

Which do you believe in more: BTC or ETH? A few days ago, a person I follow in Twitter made this question: $ETH has the utility, $BTC is the better known "brand". In which do you believe more? I assume that the reason why he is asking this is because BTC and ETH are the greatest players in the crypto universe as it is and, frankly, I don't believe any other player will steal their places very soon. BTC and ETH are slow and expensive The best way to explain why I say that they are slow and expensive is by writing an example. And I will use the same example another Twitter "friend" wrote: first, assume that Starbucks accepts BTC and/or ETH as payment for their Frappuccino. You have your BTC in your Trust wallet in your cell phone and you walk into Starbucks. You make your order, the cashier asks your name and you transfer the equivalent of US$ 5 in BTC from your cell phone to their system. Here is where things get weird: the cost of the transaction will be US$ 20 ...

A very common message: "I'm very frustrated because my $TXL just go down!"

Introduction I've seen a lot of people complaining that they bought $TXL at US$ 0.60 and, 2-4 weeks later, they noticed they "lost" 50% or more of their investment. These people start complaining: Marketing sucks! We have to list on a major Exchange! I know how frustrating it is to put money in something and see it lose value. And I know that it feels even worse when you see that the asset you bought is going down while all the others are going up. And I also know how stupid one can feel when he sells the "terrible" asset to get any of those others that were going up, just to see that, right after he does that, the one he sold goes up and the one he just bought goes down. Why does that happen? Is the world is against us? I'm pretty sure there is a group of people that just want to make me lose my money. Why do "regular people always lose money" when they invest in crypto coins? I think that, when we talk specifically about any crypto coin, the main...

Why is the TXL staking program so interesting

Introduction A few days ago, Tixl Org announced how they plan to implement their $TXL staking program. It is innovative and intends to appreciate the $TXL price in the short and mid term. In the long term, $TXL token will appreciate because there are so many other benefits and use-cases for it that it has no choice but to grow (I can discuss this in a future post). If you haven't read how the program will work, this this link . You might have read it but still don't see why it is so interesting. That's ok. I will try to explain below. But before I start any explanation, you first have to understand the ETH - BEP bridge. What is it? What does it do? Why is it needed? What benefit does it generate to Tixl project? The ETH - BEP bridge What is it? What does it do? I will use $TXL as an example. This token was created on top of the ETH blockchain. That means that, if you want to buy, sell or transfer $TXL, you will need to pay the ETH blockchain fees. Such fees are based on ETH...