Buterin, a software engineer, posited in 2013 that blockchain, the underlying technology of cryptocurrencies, might be used to enable not only financial transactions but also a wide range of other decentralized applications. Ethereum, the 2nd largest crypto and “global computer,” was built on Buterin’s notion because it eliminates the need for centralized servers to operate apps.In today’s decentralized apps (dapps), the Ethereum blockchain enables everything from social networking — collectible cards to news to virtual reality gaming. However, Ethereum isn’t a flawless platform because it’s the first of its type. It consumes a lot of energy, moves slowly, and costs a lot to do business with. It also has scalability problems, which means that as the number of Ethereum users grows, so do transactions and applications.Other blockchains have arisen in the last few years that provide frameworks for transferring monetary value and executing apps while solving Ethereum’s flaws. Keep an eye out for these five Ethereum alternatives with huge promise in the coming years.1. Free TonA million transactions per second are possible with Free TON’s scalable and secure blockchain infrastructure. It is a turn following Telegram’s original aim to transfer its app to its blockchain.Free TON uses several blockchains to speed up millions of transactions. In addition to government agencies, the network serves business organizations and individual users.Despite Ethereum, Free TON isn’t centralized. It is backed by a decentralized autonomous organization (DAO), a group of people who utilize smart contracts for voting on project developments.The TON Crystal is the currency of Free TON. The TON Crystal’s quickness and low transaction costs are two of its most appealing attributes. A transaction fee of less than $0.01 and a coin conversion fee of less than $0.05 will be charged to TON users (swaps). To authorize and record new transactions on its blockchain,…
Bitcoin
The Crypto Airdrop Debate: Are They Real or Not
Crypto Airdrops are becoming increasingly popular in the blockchain space. However, there is a lot of debate around whether they’re real or not. The goal of this post will be to help you answer that question by explaining what crypto airdrops are and breaking down why many people think they may not exist.There has been quite an uproar about these types of giveaways on Twitter recently which only makes it more confusing for newbies who want to get involved but don’t know where to start. We will give you insight into the different aspects surrounding cryptocurrency airdrop programs — hopefully helping you make up your mind about whether they’re worth participating in or just another scam waiting to happen. Let’s jump straight into it!What are crypto airdrops?Crypto Airdrops can take many forms. Some of the more popular ones include giveaways, token bounties, and hard forks (although usually not all three). Don’t get too overwhelmed by that thought. The idea is pretty simple. You receive some tokens without costing you any money or effort.For example, if someone decides to give away $50 million in Bitcoin Cash for free then they will probably post an address on Twitter with instructions on how to claim your share. You send them 0 BTC cash and follow their other guidelines which might be asking you to retweet their post. Now once the user sends out the address, people who want the tokens have to send a small amount of BTC cash and they will receive their fair share of the $50 million.The token that you might get could be anything from Bitcoin Cash, Etherium, or any other cryptocurrency.Airdrops are also relatively easy to do, they don’t require any physical resources or investments from the issuer. It can be quite effective when done properly. For example,…
Your Guide To Researching Tokenomics
Learn What Determines The Value Of A Cryptocurrency Or Token And Prepare Yourself For The Next Altcoin Season!Source: figma.comAs of 2022, there are about 6.000 Crypto tokens. That’s a lot of opportunities for investors. However, just in 2021, investors lost $12 Billion to fraudulent Crypto projects. So it’s paramount to pick the right ones.In this guide, I’ll teach you everything you need to know about tokenomics — the economics of tokens and coins.You can see it as an extension of my big how-to on Crypto research which you can find here:With that, let us get to the point and see what things we should pay attention to before investing in a token or coin!What Is The Difference Between A Token And A Coin In Cryptocurrency?While both terms are often used synonymously, the term coin usually refers to a cryptocurrency running on the layer 1 blockchain. A token is created by a layer 2 protocol and must adhere to the rules of the base blockchain it is using. Tokens have functionality such as allowing votes or acting as digital representations for real-world assets. A token can also be used as payment within the protocol. While a token is generally not recognized as money, its value depends on how the overarching project is performing.What Are Tokenomics in Crypto?The word tokenomics refers to the study of the economics of cryptocurrencies and tokens. This enables investors to determine the quality and value of potential investments. Tokenomics have a strong influence on sell and buy decisions.Click me.Here is the process I use for researching tokenomics. The following points do not require any special knowledge or skills.1. Crypto Layers ExplainedLet’s start with taking a closer look at a blockchain’s layers because it’s important that you understand this stuff.The first thing you need to know is whether…
Bitcoin Year in Review
3 Biggest Stories of 2021BTC Price — Year to DateBitcoin is trading in the mid $40,000s.Two price levels I’m watching — $42k and $53k.If $42k breaks, I could turn short term bearish. If Bitcoin pushes above $53k again, I’ll flip short term bullish. January will be a critical month. The weeks ahead will set the stage for 2022 price action. Upgrade your subscription for more…
Hottest NFT Projects in 2021
NFT cryptocurrency ventures are all the rage now, but for those who aren’t familiar with digital assets, the market can be a little perplexing (and overly technical). In this article, we’ll look at some of the most promising NFT crypto projects for 2021, as well as describe how non-fungible tokens function.NFTs, or non-fungible tokens, have grown in popularity to the point that they could not be ignored as a fad. NFTs have become a major entrance point into widespread blockchain use, thanks to purchases like Stephen Curry’s $206,000 Bored Ape, Visa’s $150,000 CryptoPunk, and an auction of 101 NFTs for a stunning $24 million.An NFT is a digital token that can represent real-world assets such as music, real estate, art, and even virtual ones like in-game items like currency. No two NFTs are the same, unlike other digital commodities like Bitcoin and Ethereum. “NFTs are bringing art possession to the public,” says FanVestor founder and CEO Michael Golomb. “Historically, art ownership was restricted for the privileged.”NFTs’ rising popularity has led to an explosion in the number of collections available. For rookie traders, navigating the cosmos can be a difficult task. To put things in perspective, CoinMarketCap now lists 500 different NFT token projects.The Hottest NFT Projects right nowCrypto NFT projects are multiplying like mushrooms right now, and many well-known companies have begun experimenting in this area. According to sales numbers, these are the top NFT crypto projects you should be following.Axie InfinityThe greatest NFT project ever is Axie Infinity. It sold $2.4bn (£1.75bn) worth of goods as of October 13, 2021.Axie Infinity offers ‘Axies’: creatures that can be fought and used to gain cryptocurrency in an immersive game instead of other non-fungible tokens that can only be admired.The format is comparable to the popular Pokémon game and is available on…
The 2021 Billionaires List of Cryptocurrency Tycoons
The new ultra-rich in the United States: a warm welcome for the first time, a list of the country’s wealthiest people includes billionaires that made their money through cryptocurrencies.It’s projected that the crypto septet of the Forbes 400 is worth $55.1 billion. With a net worth of $22.5 billion, FTX’s 29-year-old CEO Sam Bankman-Fried owns over half of it. Bankman-Fried built a trading platform in under two years that processed $13.8 billion in trading volume. With its $900 Million In Series B investment completed in July, FTX now has a market cap of $18 billion, making it the most prominent cryptocurrency private equity round to date.Aside from Armstrong, Fred Ehrsam, and Jed McCaleb, all three of Coinbase’s co-founders are novices. Gemini’s proprietors, Cameron and Tyler Winklevoss, own Coinbase competitor Coinbase, which went public in April with the most extensive listing in history ($86 billion).Chris Larsen, another co-founder of Ripple and owner of a $2.7 billion fortune, appeared on the list last year. According to current estimations, his net worth has increased to $6 billion.Increased widespread interest in digital currencies has led to new price records being established by institutional investors. This has led to an increase in the number of crypto millionaires. Ether, the second-largest cryptocurrency, has increased by nearly 1,000 percent since the update of last year’s top 10. The total market cap of crypto-currencies recently crossed $1 trillion for the first peak value at $2.4 trillion in May. Since the top 10 list release in 2020, Bitcoin’s price has increased from $10,128 to $50,000.But this may be only the beginning. Circle, Karen, Ripple, BlockFi, & eToro are among the companies in the field that have declared or hinted at ambitions to go public. The value of prominent private companies in the field will soar due to the influx…
Top Cryptocurrency Documentaries That Tackle the Biggest Issues
Cryptocurrency has been making headlines for the last year, and it doesn’t seem like that will be changing anytime soon. With all of the hype surrounding cryptocurrency, many people are looking to learn more about this new form of currency.One way to do this is by watching documentaries on cryptocurrencies. There are several great documentaries out there tackling different aspects of cryptocurrency; here are some that we recommend.The Blockchain and UsAnother relevant video regarding this topic would be titled “The Blockchain and Us.” A lot of people have taken their course on what they feel about blockchain, but very few understand exactly what it can do or why anyone would need it. This film was created to help people understand what blockchain is, how it works and what the benefits are of using this technology.Bitcoin: The End of Money As We Know ItThe next documentary that should be added to any crypto collection is “Bitcoin: The End Of Money As We Know It.” It shows you exactly why cryptocurrencies are so disruptive and how they could potentially impact our society over time if adopted by many businesses around the world. The main focus for this video would be bitcoin, but other currencies like Ethereum will also get a mention throughout its duration too.Digital Gold — Inside the Secret World of China’s Digital Currency MinersThis documentary follows Jihan Wu, CEO of Bitmain Technologies Ltd., who runs Antpool — the largest mining operation in existence today. The film also charts how Chinese miners are making money for crypto mining conglomerates. If you’re interested in how China is influencing blockchain, then this one’s a must-watch!The Bitcoin PhenomenonThis film explores the growing worldwide phenomenon of cryptocurrency and its far-reaching implications for finance as we know it — and the people who have become overnight…
Bitcoin’s Stock to Flow Model: Not Broken Yet
But Will Break this DecadeThis is not investment advice. Bitcoin is highly volatile. Past performance of back-tested models is no assurance of future performance. Only invest what you can afford to lose. You must decide how much of your investment capital you are willing to risk with Bitcoin. No warranties are expressed or implied.Review of Stock-to-Flow modelThe Stock-to-Flow model is one of the best-known models for longer-term Bitcoin valuation. It measures…
How to Spot a Great Cryptocurrency Project?
You’re looking to invest in cryptocurrency projects, but you don’t know where to start. There are a lot of cryptocurrency projects out there with varying levels of success and legitimacy. It can be difficult to tell which ones will actually take off and which ones will fail. This blog post is here to help! We’ll go over how you spot great cryptocurrency projects so that your investment won’t fall flat on its face.What is a cryptocurrency projectA cryptocurrency project is a decentralized software application that utilizes cryptography to secure transactions. Crypto projects can be built on top of the Bitcoin blockchain, or they can utilize their own open-source code and cryptocurrency tokens.Ways crypto funds are raisedThere are two main ways that crypto projects raise funds: Initial Coin Offerings (ICOs) or Crowdfunding. ICOs are when new cryptocurrency tokens are created and sold with incentives for investors in order to fund an upcoming cryptocurrency project.As this method is unregulated by any government entity, it has attracted its fair share of criticism as there have been incidents where these fundraisers were scams designed solely to generate money from unsuspecting investors who believed in what was being proposed through the use of crowdfunding campaigns. This type of fundraising event usually takes place on cryptocurrency forums, such as Bitcointalk.As for Crowdfunding, this is when a cryptocurrency project’s developers seek out an established cryptocurrency like Bitcoin to create and sell digital coins or tokens with incentives in order to build the platform that their cryptocurrency will be used for. This type of fundraising event typically takes place through platforms like Kickstarter or Indiegogo.Spotting good crypto projectsA good way to spot great crypto projects is by taking a look at what they’re building and how much they’ve raised so far: If you see any red flags (like…
What is Bitcoin Halving and How Does it Affect Crypto Prices?
What is Bitcoin Halving and How Does it Affect Crypto Prices?A ‘halving’ is a 50% decrease in the rate of cash mining and the payout for mining. This deliberate delay in the supply of Bitcoin helps limit inflation by making the cryptocurrency scarcer.After each ‘halving,’ the bitcoin price rose significantly for a few days before falling back to a more steady level. Every four years, it is halved.As 2024 approaches, bear in mind that big events’ speculative enthusiasm typically coincides with a significant price rise.Bitcoin HalvingA Bitcoin halving takes place whenever block rewards, or perhaps the amount of Bitcoins into circulation each time a block is generated (every 10 minutes on average), is halved. As a result, the rate at which new Bitcoins are created will be halved.It happens regularly, every 210,000 blocks, as part of Bitcoin’s design to reduce the frequency with which the entire supply is released into the market over time. Bitcoin’s scarcity rises as a result of the supply impact, which has traditionally raised the price.When Bitcoin initially began, miners were given 50 Bitcoins for each block they generated. The prize was halved in 2012 to 25 Bitcoins, and then again in 2016 to 12.5 Bitcoins, which would result in a half-decreased block reward of around US$8 million per day at present prices to 6.25 coins.Events that reduce the block reward by half will keep occurring until it is zero. Once there are 21 million Bitcoins in circulation, the process will conclude in the year 2140.What’s the Point?The Bitcoin network’s functioning is dependent on the coin’s ability to maintain its monetary worth, which is supported by a delivery schedule that reduces quantities by half regularly.Bitcoin’s inflation rate is projected to decrease to approximately 1.8% after the May 2020 halving, in line with gold’s inflation rate of…