Sirwin
Sirwin

Cryptocurrency

111,599 Articles 1158 Followers

Cryptocurrencies are digital assets that have strong foundations in cryptography, designed with the intention of being a decentralized medium of exchange and store of value, among other uses.

Most cryptocurrencies are built using blockchain technology, with Bitcoin being the first of its kind, at least as far as what we consider cryptocurrencies to be today. Other technologies, like the IOTA project’s Directed Acyclic Graph (DAG), also exist. 

Starting with Bitcoin, cryptocurrencies have been designed with democracy and transparency in mind, as several permissionless blockchains, in theory, grant equal power to every node on the network. Blockchains are also designed to resist tampering; any fraudulent financial would require an immense amount of computing power or resources to happen. Theoretically, it is possible to alter data on the ledger but Bitcoin has proven resistant to this. This security is another selling point of cryptocurrencies. 

A few types of cryptocurrencies have come to form their own categories over the years. Some of these are security tokens, stablecoins and utility tokens. 

Stablecoins, for example, are assets that are pegged to a fiat currency and aim to remain at the price of $1. The benefit of this is that investors can use the stablecoin to mitigate the effects of the market’s volatility. Utility tokens are tokens that are used to access products and services, and flow back into the platform’s ecosystem. Security tokens are tokens that, when invested in, holders can expect a profit from.

Blockchain technology is considered to be very early in its maturity and as such multiple pioneering upgrades and research are currently taking place.


Any Sign Of Bull Market This Year?

23 May 2024 1 minute read 1 comment shohana1

Image by Be Ba from Pixabay Bitcoin hits $72k price more than once this year, is this can be consider the sign of bull market this year? June is closer and many crypto observers were predicting that we can experience the bull market at the middle...

Atseason is coming? Cryptonews analysis

23 May 2024 1 minute read 2 comments KMatt

Bitcoin's recent rally to $71k, followed by a small decline, has set the stage for what many in the crypto industry see as the potential start of an Altseason. The next two weeks will be crucial for the altcoin landscape, with two main factors influe...

Health - Staying Sane In The Noise

23 May 2024 2 minute read 0 comments ElonMoist

Health   Being free from physical,emotional, psychological illness or malfunction, Mental and social imbalance is a sign of being healthy. Health can be seen as a state of total wellness and balance be it Physical, emotional, financially and the like...

Writing my way out of 9 - 5 hell

23 May 2024 19 minute read 6 comments lukejoseph1102

  Have you ever wondered how your life would be if you would write for a living. Having all the free time in the world, doing things that you loved the most - for most of the time you have in a day. Not a care in the world because financially, you ar...

Easy Protocols to Farm on Solana

22 May 2024 1 minute read 0 comments Torero99

  Solana is clearly one blockchain where a lot of protocols are launching.     If you are holding some Solana, I suggest you to farm the following protocols:   1. SANCTUM Sanctum is a project that facilitates Solana Liquid Staking. They are launchin...

So What Are The 10 Reasons Why AI Did Not Want Humans To HODL Bitcoin?

22 May 2024 6 minute read 2 comments XTRM™

Ladies, gentletwirls and very much everyone in between... firstly the headline is a mouthful but there was no other way - Anyhow you all must gather round this Cryptoland pasture for a tale not quite as old as time, but as mysterious as my neighbours...

Phoenix DEX on Solana: A Technical Deep Dive into a Tokenless, User-Friendly DEX

22 May 2024 1 minute read 0 comments Cryptofab

As a tech-savvy crypto user, I'm always on the lookout for projects that push the boundaries of usability and innovation. Phoenix DEX, a tokenless protocol built on Solana, has caught my attention for several reasons: Tokenless Model (for now): Whil...

Earning passive income by running blockchain nodes

22 May 2024 2 minute read 1 comment Bala

Operating a blockchain node is often misunderstood as crypto mining. Mining is also a similar concept but running a node for a blockchain is not the same as mining cryptocurrencies. This is a very big topic to discuss because there are so many opport...

2 Ethereum ETFs Have Already Been Listed for Trading

22 May 2024 1 minute read 0 comments Talha.Khalid

The Ethereum cryptocurrency exchange-traded fund (ETF) ether (ETH), proposed by asset management company VanEck, has been added to a key site: the Depository Trust and Clearing Corporation (DTCC) listing. The DTCC is a US entity that provides clearin...

We Celebrated Bitcoin Pizza Day Today

22 May 2024 1 minute read 2 comments Debesh Choudhury

I almost forgot that today is the so-called Bitcoin Pizza Day! Today, Bitcoin was first used to buy a real-world food item, Pizza. Incidentally, we ate Pizza at home today! You may say that we have celebrated Bitcoin Pizza Day today! Sorry, we forgot...