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How to Invest in Cryptocurrencies?
There are many cryptocurrencies in the market. If you don't know where to start, we select the Top 10 cryptocurrencies to prove their marketability! However, never forget to DYOR in the volatility of each cryptocurrency.
What is Cryptocurrency?
Cryptocurrency are decentralized, digital, encrypted methods of exchange. Unlike the U.S. Dollar, Euro and other fiat currencies, the value of a cryptocurrency isn't managed by a central authority.
What is Blockchain?
Blockchain technology is the technology for storing transactional records, called blocks, of the public in several databases, called chains, in a network connected by peer-to-peer servers. These storages are usually called 'digital ledgers.'
Mothers’s Day is Coming, Why Not Cryptos?
Elon Musk gave her mother Dogecoin as a gift last year, and we have selected the top five cryptocurrencies for your mother's day gift.
Azuki: The Fastest Growing NFT
meta description: Azuki was first announced on January 12, 2022, and is an Ethereum-based profile picture project. This application was developed by four Los Angeles-based individuals who call themselves Chiru Labs. There are 10,000 anime-style PFP, each with their own unique characteristics and visual style.
frankfrank the NFT, What is it?
frankfrank is really a unique NFT project which stands out from the saturated NFT market, it’s trending on April 7, while many bluechips NFT holders like Cryptopunk, BAYC, Azuki, and mfers joined the frankfrank community pursuing this magical (illogical), hilarious culture, soaring the price again on the OpenSea.
OmiseGo is a Non-custodial, Layer-2 Scaling Solution Built for the Ethereum Blockchain
OMG Network, formerly known as OmiseGo, is a non-custodial, layer-2 scaling solution built for the Ethereum blockchain. As an Ethereum scaling solution, OMG Network is designed to allow users to transfer ETH and ERC20 tokens significantly faster and cheaper than when transacting directly on the Ethereum network.The network is based on a novel scaling solution called MoreViable Plasma, which uses a sidechain architecture to group several transactions off-chain into a batch, which can then be verified as a single transaction on the Ethereum root chain. According to OMG Network, this technology has the potential to scale Ethereum to thousands of transactions per second (TPS) — instead of the 10 to 14 tps Ethereum 1.0 is currently capable of.The network is powered by the OMG utility token, which can be used as one of the payment methods for fees on the OMG Network, and will eventually be stakable — helping to secure the network in return for rewards.
USDT is a stablecoin (stable-value cryptocurrency) that mirrors the price of the U.S. dollar.
USDT is a stablecoin (stable-value cryptocurrency) that mirrors the price of the U.S. dollar, issued by a Hong Kong-based company Tether. The token’s peg to the USD is achieved via maintaining a sum of commercial paper, fiduciary deposits, cash, reserve repo notes, and treasury bills in reserves that is equal in USD value to the number of USDT in circulation.Originally launched in July 2014 as Realcoin, a second-layer cryptocurrency token built on top of Bitcoin’s blockchain through the use of the Omni platform, it was later renamed to USTether, and then, finally, to USDT. In addition to Bitcoin’s, USDT was later updated to work on the Ethereum, EOS, Tron, Algorand, and OMG blockchains.The stated purpose of USDT is to combine the unrestricted nature of cryptocurrencies — which can be sent between users without a trusted third-party intermediary — with the stable value of the US dollar.
XRP is the Native Cryptocurrency of Ripple, a Cryptocurrency Payment System Created by Ripple Labs Inc
XRP is the native cryptocurrency of Ripple, a cryptocurrency payment system created by Ripple Labs Inc. XRP is its "digital asset built for global payments," implying that Ripple plans to rival money transfers usually conducted by the banking system. XRP would allow users to send money at a very low cost, attracting the potential interest of retail customers and banks alike. A key value proposition of Ripple is its minuscule transaction costs while offering transaction finality of under five seconds.The company was founded in 2012 by Chris Larsen and Jed McCaleb and is based on the work of Ryan Fugger, who created the XRP Ledger in 2012. The XRP Ledger is an open-source cryptographic ledger powered by a peer-to-peer network of nodes. McCaleb eventually left Ripple and founded Stellar, another payments-oriented cryptocurrency.After the company rebranded from its original name OpenCoin to Ripple, it pursued high-level partnerships with Bank of America, Santander, and Standard Chartered. However, Ripple soon got into legal trouble with US regulatory authorities over not complying with the Bank Secrecy Acts, and was later labeled as an unregistered security. This lawsuit has still not been resolved as of early 2022. Moreover, the company has been accused of misleading advertising in the early stages of its existence.
Compound Finance (COMP)
Compound is a DeFi Lending Protocol That Allows Users to Earn Interest on Their Cryptocurrencies
Compound is a DeFi lending protocol that allows users to earn interest on their cryptocurrencies by depositing them into one of several pools supported by the platform.When a user deposits tokens to a Compound pool, they receive cTokens in return. These cTokens represent the individual’s stake in the pool and can be used to redeem the underlying cryptocurrency initially deposited into the pool at any time. For example, by depositing ETH into a pool, you will receive cETH in return. Over time, the exchange rate of these cTokens to the underlying asset increases, which means you can redeem them for more of the underlying asset than you initially put in — this is how the interest is distributed.
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