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Showing posts from June, 2021

Blockchain & The Future Of Blockchain Technology

 To Know the Future of Blockchain Technology, First, let us know What is Blockchain What is Blockchain? Blockchain is an information record system in a way that makes it difficult or impossible to change, hack or cheat the system. Blockchain technology creates a digital ledger to record transactions chronologically. Blockchain is more widely associated with cryptocurrencies such as bitcoin and is sometimes used to refer to cryptocurrencies. But blockchain is much more than a cryptocurrency. And although the terms are often used interchangeably, they are not the same. Blockchain is the technology on which most cryptocurrencies are based and is now used for many other applications as well. Blockchain Ledger Technology- The basic premise of blockchain is to establish trust in a peer-to-peer (P2P) network, avoiding the need for third-party administrators of any kind. As an example, bitcoin introduced a P2P monetary value transfer system that does not require any bank or ...

Investment Strategies in Cryptocurrency

The world today floats in the crypto ship. There are so many things happening every day in the world of cryptocurrencies that people are being urged to invest in cryptocurrencies. Of course, controversies also surround this hype. But investors, banks and the next generation of millennials are trying to take advantage of the benefits that cryptocurrency offers. But are you confused and have many questions in your mind about how to invest in cryptocurrencies? Here is a guide to help you understand the cryptocurrency market before investing in cryptocurrency. The crypto market is highly volatile- Like the stock market, the cryptocurrency market is very volatile. In case you did not know, this year(2021) has started with a boom in cryptocurrencies. However, the cryptocurrency market was hit hard last month by China's ban on cryptocurrency trading. Since most people are after the best cryptocurrencies to buy for investment purposes, be aware that risks will appear. Prepare yourself for ...

The Basics of Cryptocurrency

Cryptocurrency is a digital payment system that does not depend on banks to verify transactions.  It is a peer-to-peer system that allows anyone to send and receive payments anywhere.  Rather than being physical money that is moved and exchanged in the real world, cryptocurrency payments exist simply as digital entries in an online database describing specific transactions.  When you transfer funds in cryptocurrencies, the transactions are recorded on a public ledger.  Store your cryptocurrency in a digital wallet. The world of cryptocurrencies made its first major debut with bitcoin, which is credited as the first successful currency of its kind.  It was described as a peer-to-peer electronic cash system, promising to fully decentralize and cut out any kind of middle man.  As bitcoin's popularity grew, other cryptocurrencies also hit the market, giving potential investors access to more options each year. How Did Cryptocurrencies Become Popular? While safe...