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.


Polkadot towards mass adoption thanks to Proof of Personhood

27 May 2024 1 minute read 0 comments KMatt

According to Gavin Wood, founder of Polkadot, the key to mass adoption of blockchain is not just the scale of value, but its ability to manage digital identity securely and reliably.In an interview with podcaster Roaul Pal, Wood identified "proof of...

TRADE: ETH /USD SHORT - 1H

27 May 2024 1 minute read 0 comments ProfeBitcoin

  Hello everyone, first of all to mention, and emphatically, that this is NOT AN INVESTMENT RECOMMENDATION, it is an analysis for education and entertainment purposes, so please keep that in mind and take care of your money. Now, with that said, let'...

Brief daily analysis of BTC

27 May 2024 1 minute read 0 comments luosen chu

  Here is an analysis of BTC: On the main chart, after BTC hit the historical high of 72,000, it faced resistance and declined. However, it found support at the Fibonacci 0.618 level, indicating this is a temporary pullback in the uptrend. Yesterday,...

Just bought my 4th Premium subscription in Inleo platform

26 May 2024 4 minute read 0 comments mango juice

Hello readers, Are you a user of the Inleo platform? Well, if you are reading this post then most probably you are and I hope you are having a great experience while interacting on one of the top running SocialFi platforms in the entire web3 world. B...

The power

26 May 2024 2 minute read 0 comments bilpcoinbpc

The Power How can you judge others for doing wrong when you are at fault? Using power to do wrong and then passing judgment on others who have done no wrong is not only hypocritical but also futile. It's essential to examine our actions before castin...

Bitcoin to $400k

26 May 2024 3 minute read 5 comments cryptogod-1

Good day everybody, Welcome to CryptoGod-1's blog on all things crypto. In this post I will be sharing my thoughts and opinion on the chances of Bitcoin reaching $400k or above this cycle.   Bitcoin Value This Cycle The CEO of Bitcoin payment app Str...

Splinterlands | Holy Portection Battle Challenge

26 May 2024 2 minute read 0 comments costanza

A game rule that I rarely come acreoos this week in the Share Your Battle Challenge which is also called the Battle Mage Secrets for Splinterlands. This is the Holy Protection Rule Set!     What I wrote last time this was the game rule is...   I do...

New Under-The-Radar Polkadot Memecoin

26 May 2024 3 minute read 2 comments Sapphire Crypto

Get There First With memecoins, as with any altcoin investment, arriving early is 90% of the victory. Micro-caps have a way of taking off without any prior warning. Memecoins can often behave similarly. These, of course, are the most speculative inve...

Passive Crypto Opportunity with Tangled

26 May 2024 3 minute read 8 comments HiRaj

Dear Readers, With the advent of technologies that too with the Web3 eco systems, there are many ways for the internet/users to make income. The Web 3 eco-systems allows all the people who make contents online enable them to monetize themselves and t...

Splinterlands 🐉| BattleMage Secrets - Fog of War ☁️ [EN/PT]

26 May 2024 6 minute read 0 comments RiCrypto

  This week we had another incredible battle to be shared in the Splinterlands contest - TCG NFT Game - called Battle Mage Secrets. In addition to the rule of the week, which was Fog of War, we had 2 other rules that made the match even more compet...