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Showing posts from January, 2022

Hex How To Keep It Safe

Do - If you plan to store more than $10,000 of crypto, you should get a hardware wallet. Keep in mind that even a small $1000 investment may easily grow into a $10,000 one. Hardware wallets are very easy to use, so don't be intimidated. 1) Buy a Trezor Model One (roughly $70). 2) Once your Trezor arrives follow the directions and set it up. Write down the 12 "seed" words (or "secret recovery phrase") it shows you by hand with a pen on a piece of paper. Store that piece of paper in a different location from your Trezor; such as a safe desposit box at your bank, or in the house of a friend or family member you trust. 3) Download the MetaMask browser extension. 4) Connect your Trezor to MetaMask. 5) Send a small amount of crypto to your Trezor (the Ethereum address shown within MetaMask). 6) Try sending the amount back to another wallet you own to test if your Trezor works and you set up everything correctly. 7) Learn more about how HEX works, keep an eye on your S...

HEX Solves Bitcoin’s Fundamental Problems

Bitcoin changed the world by introducing a decentralized store of value. But its creation and adoption has created problems and complexities that HEX solves. In many ways, BTC and HEX are analogous. Bitcoin and HEX are peer to peer networks that store and transmit value. HEX is like Bitcoin with a Proof of Work change. In Bitcoin, miners buy mining hardware and electricity from companies. In HEX, miners buy HEX from other HEX holders, then use time to mine. HEX is Proof of Wait instead of Proof of Work. Let's say you want to make more Bitcoin on your Bitcoin. What are your options? You could lend your coins out and take the risk they're not returned, or you could try selling your coins for mining hardware and hope to get more coins back later. Many people have lost a lot of money trying either. HEX solves this. 3x audited. Complete product. Unstoppable. HEX’s code quality is excellent. HEX employs bit packing with bitwise shifts and caching for gas efficiency. Kyle Bahr wrote a...