Sirwin
Sirwin

Cryptocurrency

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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.


My free slice, a quick update on Common Wealth

27 May 2024 2 minute read 8 comments crypto newbie mom

  Good morning/evening   I previously wrote a post about Common Wealth and the tasks involved in winning either $WLTH tokens or a $1000 investment fund. To my surprise I won a fund 'slice'. I expected to be in the tier 4 group and would receive some...

Over Protocol is going mainnet

27 May 2024 3 minute read 0 comments The Very Confused Martin Babalor

There are many different types of Airdrop, at least speaking from the user's experience. Some Airdrops are fast like thunder flashes and some airdrops came when you were not even expecting them.Other Airdrops, instead, take a very long time and a lot...

Four reasons why you should consider investing in decentralized solutions.

27 May 2024 4 minute read 0 comments Dzoelx

source A couple of disclaimers on cryptocurrency investment advice and endless warnings, “cryptocurrency investments are very risky ventures…and the earth is flat”. Well, one is a fact, and the other is probably another way to look at facts. A little...

How I earn USDCs regularly through tangled Platform!

27 May 2024 1 minute read 0 comments HiRaj

Dear Readers, We are taking so many advantages when the Web3 things are being rolled out and it is fantastic that through the Web3 applications give us rewards in terms of their native cryptos and allows to deposit in our own crypto wallets.  We migh...

Unlock Profitable Trading Opportunities in Altcoins - SOL, ARB, and WLD

27 May 2024 1 minute read 0 comments luosen chu

As an independent trader with a fervent passion for technical analysis, allow me to share insights into the recent trajectories and promising trading opportunities surrounding certain altcoins, albeit through the lens of my own perspectives and tradi...

Low-Cost Monsters Revel In This Ruleset | Splinterlands #367

27 May 2024 1 minute read 0 comments mercurial9

This week’s battle mage secrets focuses on the Holy Protection Ruleset.   Ruleset Details In the Holy Protection ruleset, all monsters are granted the Divine Shield ability, which helps them withstand the first hit without taking any damage. This im...

Solana Price Prediction: Is a Trend Reversal on the Horizon?

27 May 2024 1 minute read 2 comments Coin_Gabbar

Spot Ethereum ETF approval sparks plan for a Solana ETF soon #Solana price has formed a symmetric triangle on the Daily time frame and continues to trade within it. The cryptocurrency is trending inside an ascending parallel channel, increasing t...

Once Again Aim To Build Crypto Asset

27 May 2024 1 minute read 0 comments shohana1

Image by Miloslav Hamřík from Pixabay Sitting idle will bring nothing so at least investing half of our money to build crypto asset can be wise. This is not my first time when I'm aiming this and my last attempt was not a waste. Not sure how long th...

What Makes The Fourth Bitcoin Halving Special

27 May 2024 6 minute read 2 comments 0xVince

The fourth Bitcoin Halving concluded last April 19, 2024. The halving was another success, and the market is now beginning to respond. This reduced the block subsidy of Bitcoin in half, from 6.25 BTC to 3.125 BTC. This makes the currency issuance of...

The Catfisher: Master Of Manipulation

27 May 2024 12 minute read 1 comment OogaBooga

The art of deception and manipulation has long fascinated and repelled us in equal measure. Among the many forms it takes, one of the most insidious and intriguing is catfishing, the practice of creating a false online identity, often with the intent...