Sirwin
Sirwin

Cryptocurrency

111,602 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.


Recommend an RSI heatmap for traders who love cryptocurrencies

26 May 2024 1 minute read 0 comments luosen chu

After entering the cryptocurrency market, I have been faced with the challenge of how to filter out potential trading opportunities from the myriad of available coins. Recently, I discovered a great website that offers RSI heatmap analysis for variou...

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Hello everyone, I am an independent trader with a passion for trading, having analyzed thousands of charts. Today, I would like to discuss some trading opportunities for an altcoin, specifically FET. In recent days, as you may know, Bitcoin has succ...

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With growth on the Hive blockchain and a bigger weight of our voting, there comes the temptation of upvoting ourselves. And I must say that I have given up to this temptation and sprinkled some upvotes here and there on some of the posts and even com...

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  Hi everyone, welcome back to my Splinterlands blog, it's time to make the second post for this week, I wanted to do this sooner but the challenge launched just a few hours too late for me to be able to make it on Thursday, and after that... you...

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26 May 2024 3 minute read 0 comments SamEngr

The WAX is known to be an environmentally-friendly blockchain purpose-built for e-Commerce through decentralized applications (dApps), NFTs, gaming, virtual worlds, and unique collectibles. Over the years, the blockchain has grown with custom tools a...

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  With the recent approval of the Ethereum ETF, and thanks to the narrative that the approval of new ETFs for several other cryptocurrencies could come later, many enthusiasts and people involved in the blockchain and cryptocurrency world think that...

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25 May 2024 4 minute read 3 comments Investigator515

Stablecoins are a popular way of avoiding the crypto world's legendary volatility. If you aren’t a medium member, you can read with no paywall via substack One of the most well-known facets of the cryptocurrency world is its legendary volatility. Wit...

Sportsbet.io Crypto Sportsbook & Casino

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What is Sportsbet.io? In the rapidly evolving world of online sports betting, Sportsbet.io has emerged as a premier destination for enthusiasts who prefer using cryptocurrencies. Since its establishment in 2016, Sportsbet.io has consistently offered...