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Kakashi2020

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Everything posted by Kakashi2020

  1. Chainlink (LINK) The Ethereum platform is predicated on smart contracts, or agreements between two parties on a blockchain network with the transaction recorded in blocks of data. The problem is that these transactions can only occur on a platform like Ethereum, and they need some way to draw real-world data into the platform in order to execute smart contracts when certain conditions are met. The solution is data providers called oracles, and while several crypto platforms have created ways for oracles to retrieve data for their network, Chainlink has come up with a reputation system tha
  2. Binance Coin (BNB) Like Ethereum, Binance Coin is much more than a cryptocurrency – as a matter of fact, Binance Coin was originally hosted on Ethereum until the Binance decentralized exchange, or DEX, went online in 2017. The Binance DEX is a platform much like Ethereum, albeit with a different mission. The Binance DEX is a decentralized platform where users can not only buy and sell binance coins but also use BNB to convert other cryptocurrencies from one to another. This has made the Binance DEX the biggest cryptocurrency exchange on the planet by volume and has helped fuel the popular
  3. Monero (XMR) Monero is a secure, private and untraceable currency. This open-source cryptocurrency was launched in April 2014 and soon spiked great interest among the cryptography community and enthusiasts. The development of this cryptocurrency is completely donation-based and community-driven. Monero has been launched with a strong focus on decentralization and scalability, and it enables complete privacy by using a special technique called “ring signatures.” With this technique, there appears a group of cryptographic signatures including at least one real participant, but since they
  4. One of the most-hyped cryptocurrencies is one that, as of January 2020, has yet to even launch. By mid-2018, rumors circulated that social media giant Facebook, Inc. (FB) was developing its own cryptocurrency. Given Facebook's incredible global reach and the potential for massive volumes of exchange across its platform, the cryptocurrency world had long speculated that the social media titan might launch its own digital token. Rumors were formally confirmed on June 18, 2019, when Facebook released the white paper for Libra. The tentative launch date for the token is later in 2020, as Fac
  5. Tether (USDT) Tether was one of the first and most popular of a group of so-called stablecoins, cryptocurrencies which aim to peg their market value to a currency or other external reference point so as to reduce volatility. Because most digital currencies, even major ones like bitcoin, have experienced frequent periods of dramatic volatility, Tether and other stablecoins attempt to smooth out price fluctuations in order to attract users who may otherwise be cautious. Launched in 2014, Tether describes itself as "a blockchain-enabled platform designed to facilitate the use of fiat curre
  6. NEO, a Chinese cryptocurrency, was created in 2014 by Da Hongfei. Did you know that it was originally called AntShares? In fact, it only got rebranded to NEO in June 2017! NEO is often referred to as the “Chinese Ethereum” because of the similarities to its competitor among the top 10 cryptocurrencies Ethereum. It also offers a blockchain-based platform for the development of Smart contracts and launching ICOs. Pros of NEO NEO can complete 10,000 transactions per second compared to the 15 transactions of Ethereum. While Ethereum supports only one programming language, NEO sup
  7. Founded in 2015, IOTA is the most unique coin among other similar crypto's. It is the only one to use a new protocol invention called ‘Tangle’ rather than blockchain technology. You have probably heard of the Internet-of-Things (IoT), a technology that enables communication between various objects with sensors, via the internet. IOTA is focussed on making this technology more secure, seamless and scalable. Pros of IOTA The biggest advantage that IOTA offers over all other cryptocurrencies is zero transaction fees. When all other cryptocurrencies are struggling with scalability is
  8. Stellar XLM was founded in 2014 by Jed McCaleb who is also the founder of Ripple. In fact, Ripple was hard forked into Stellar and the Stellar Development Foundation was born. Like Ripple, Stellar is also focused on making cross-border payments more efficient. One thing that stands out for Stellar as compared to all the other popular cryptocurrencies is that the Stellar Development Foundation is a non-profit organization. As you can see in the picture below, its mission is also in line with that. Pros of Stellar Stellar is more decentralized as compared to its closest competi
  9. Litecoin LTC was created way back in 2011 by Charlie Lee, an ex-Google employee. It was built on the blockchain of Bitcoin itself, with the purpose of improving it. So, like Bitcoin, Litecoin is also just a digital currency and does not provide a platform for smart contracts. Litecoin has one of the most popular cryptocurrencies as it has stood the test of time and has been around for over 7 years. Pros of Litecoin Litecoin transactions take around 2.5 minutes while it takes 10 minutes to complete a Bitcoin transaction. This is the reason that it is called the “Lite” coin.
  10. Cardano was created by Charles Hoskinson, Ethereum’s co-founder, in September 2017. Like Ethereum, Cardano has also been developed as a platform for decentralized apps and smart contracts. Like EOS, the difference between Cardano and Ethereum lies in the many technological improvements it has made over Ethereum’s technology. Cardano is being considered as the 3rd and most advanced generation of blockchain technology yet (just as EOS and NEO are), making it one of the top 10 cryptocurrencies of 2021. Pros of Cardano Cardano is supported by an academic community of global research
  11. EOS token was launched through an ICO in June 2017. EOS’s platform, which was expected to launch in June 2018, is due to be a direct competitor to Ethereum and NEO. EOS has been created by Dan Larimer who is also the founder of the cryptocurrency exchange Bitshares and blockchain-based blogging site Steemit. EOS is building a platform for developers to build decentralized applications and smart contracts, but with a vast improvement in technology. Pros of EOS EOS is supposed to be much more scalable than Ethereum because it uses an advanced mechanism (Delegated Proof-of-Sta
  12. As the name suggests, Bitcoin Cash has been forked from Bitcoin itself in 2016. When the developer community of Bitcoin could not come to an agreement regarding the changes required in Bitcoin’s code, it was forked into BCH and it currently ranks in the middle among the top 10 cryptocurrencies. Note: A fork is when a cryptocurrency is split into two. Parent cryptocurrencies retain their features while the child cryptocurrency undergoes technological improvements. The purpose of creating BCH was to solve some of the existing problems of Bitcoin, especially regarding scalability and tr
  13. Originally launched on the Ethereum network, TRON peer-to-peer network was aiming to revolutionise the entertainment industry and democratise content creation. The team has numerous high-profile partnerships, including Samsung, bike-sharing company oBike, Chinese search engine Baidu, and Baofeng, the so-called Chinese Netflix. TRON ecosystem works as a content-sharing platform. Users, who create or share content get rewarded with TRX, which serves as a more transparent monetisation system than those used by traditional social media networks. It also does not require a middleman, such as A
  14. The launch of the first decentralised Litecoin-based RPG fantasy game LiteBringer, where each players’ move is a transaction, brought benefit for the whole blockchain. Litecoin transactions skyrocketed on the news, exceeding 130,000 right after the game’s launch. The boosted performance could serve as a positive price driver with the analysts from CoinSwitch predicting a $600 price target for Litecoin in 2021. Some analysts also believe that the Litecoin price will tend to grow in the coming years following the halving. According to the optimistic LTC cryptocurrency forecast by Crypt
  15. Ripple was created as an alternative financial payments system with the aim to transform and facilitate cross-border payments, making them 100 per cent safe, almost free and instant. Back in early Ripple days in 2013, the platform got attention from many financial institutions. Years later it was adopted by more than 100 financial institutions. In 2020 The Ripple blockchain has expanded to more than 300 providers across 40 countries, including Banco Santander (SAN) and American Express (AXP), JP Morgan (JPM) and HSBC Holdings (HSBA). Among the most recent RippleNet’s supporters are t
  16. In December 2020, the second-largest cryptocurrency after Bitcoin, Ethereum has a market capitalisation of $68,127bn. The cryptocurrency started the year trading around $125 and climbed up to around $600, which is a 380 per cent surge within a period of 12 months. Why is Ethereum considered the best crypto to invest in? Ethereum open source blockchain network has always served as a preferred network for decentralised applications (dApps). In addition to its native cryptocurrency, Ether (ETH), the platform supports other crypto platforms such as Uniswap (UNI), Maker (MKR) and Aave (AAVE),
  17. New cryptocurrencies come and go, but Bitcoin never goes out of fashion. By the end of November 2020, Bitcoin surprised everyone and hit its new all-time high of $19,857, extending its year-to-date gain to 177 per cent. Will the rally continue in 2021? Analysts share unanimously strong views on the Bitcoin future within the next 12 months and beyond, predicting incredible $100,000, $170,000 and even $318,000 price targets for BTC. Among the major Bitcoin price drivers in 2021 we can define the growing institutional demand, rising inflation and increasingly negative perception of cont
  18. Type of wallet: Cold Wallet Purchase cost: $59 Incorporated exchange: No The Ledger Nano S is the first generation of hardware wallets introduced by Ledger. It is also one of the first hardware wallets ever made. It followed shortly after the first generation of the Trezor. Like its successor, the Nano S is compatible with thousands of cryptocurrencies. The Nano S does not come with a USB type-C cable, so users with more modern smartphones may have trouble connecting to their devices. The Nano S is essentially the same as its successor, the Nano X, in that it supports the same list
  19. Type of wallet: Cold Wallet Purchase cost: $170 Incorporated exchange: Yes Trezor, like Ledger, is a name synonymous with crypto cold wallet storage. Its Model T is the second generation of hardware wallets they have created. The Trezor Model T is very much like the Ledger, but it gives the user the ability to access third-party exchanges, like Changelly and Shapeshift, directly in its website interface. While this is quite convenient, it hardly justifies its more expensive price tag of $170. The Model T utilizes a touch screen, which can be easier to use for beginners than the but
  20. Type of wallet: Cold Wallet Purchase cost: $119 Incorporated exchange: No The Ledger Nano X is the second generation hardware wallet from Ledger, a French company that has been involved in the cryptocurrency space for several years. Ledger’s first product, the Ledger Nano S, was one of the first hardware wallets on the market and dominated the space for a number of years. Ledger recently experienced serious hacks that revealed detailed customer information including names, phone numbers, email addresses, and even home addresses in some cases. Though this does not affect people's pr
  21. Type of wallet: Hot Wallet Purchase cost: Free Compatible with hardware wallet: Trezor and Ledger devices Incorporated exchange: Yes Mycelium is an open-source and mobile-only Bitcoin wallet. Mycelium currently only supports Bitcoin. In some ways, Mycelium is quite similar to the Electrum wallet with some of the differences being that it is mobile-only, has a more refreshed user interface than Electrum’s, and also has a built-in exchange. Mycelium, like Electrum, is one of the earlier wallets in the space. Also like Electrum, you can set custom transaction fees so you can choose h
  22. Type of wallet: Hot Wallet Purchase cost: Free Compatible with hardware wallet: Trezor and Ledger devices Incorporated exchange: No Electrum is one of the original Bitcoin wallets. It has been around since 2011, two years after Bitcoin’s creation, and has changed little since. While this wallet is bare-bones in terms of its user interface and its commitment to only Bitcoin, it excels at this primary function. Electrum is also more suited for advanced users due to its complex options. Electrum is open source, allows its users to set custom transaction fees, and has the option to ch
  23. EXODUS Type of wallet: Hot Wallet Purchase cost: Free Compatible with hardware wallet: Trezor Incorporated exchange: Yes Exodus is a desktop and mobile wallet with a very simple user interface and an exchange built-in. One of Exodus’s most popular features is the ability to swap between a growing number of cryptocurrencies. Exodus currently allows for swaps between over 100 different cryptocurrencies. With its simplicity, this wallet is great for beginners just getting into the crypto space. It also has great support, which is an essential feature for beginners getting into wha
  24. In choosing a crypto currency wallet it is recommended to look at more than a dozen Bitcoin wallets all over the world and decided on the top four based on factors such as User Reviews, Security and Costs. Security is obviously a big consideration, so it’s important to use a wallet that is well used and has plenty of safety protocols in place. It’s also important to choose a wallet that works well with some of the larger exchanges so that you can quickly complete transactions in the open market.
  25. You can’t convert Bitcoin to cash directly whenever you feel like it, but you can sell your Bitcoin anonymously on the blockchain in exchange for the fiat currency you desire. A crypto exchange can handle the transaction on your behalf and find a buyer so that you can quickly convert the value of your Bitcoin into the cash you need. Every wallet has different rules and time periods for transferring your fiat currency over to your bank account, but most can be done in 1-3 days after the Bitcoin sale is complete.
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