Category Archive : Cryptocurrency

Efinity NFT Parachain Launched on Polkadot
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Developed by Enjin – The Early Pioneers of NFT

Enjin's Efinity NFT project

The Efinity Parachain is a NFT Cross-Chain blockchain project that allows consumers to create and trade digital assets. The platform enables users to share, exchange, and store their EFI. The protocol allows users to group and manage related tokens through tags. In addition to creating new and unique tokens, EFI can also be used in transactions. It has a large number of features that allow it to serve as a decentralized exchange. Here are some of its features:

Powered by the deflationary Efinity EFI Token, the network is environmentally friendly, scalable, and built for games, apps, enterprises and creators to deliver their own non-fungible tokens to mainstream audiences.

Built on Polkadot in partnership with Parity Technologies and the Web3 Foundation, Efinity is a new blockchain that’s purpose-built for NFTs. It’s a token highway designed to enable a specific kind of future—where NFTs are as widespread and easy to use as smartphones today.

The Efinity network has an extremely low gas cost and ultra-fast transaction execution. It can mint 20 million NFTs per second. This will enable play-to-earn gaming and a broader metaverse. The platform is also vying for a slot on the Polkadot parachain auctions. In addition to this, it is launching its own Crowdloan page, which is aimed at attracting new cryptocurrency holders.

In addition to its ecosystem, Efinity project will be compatible with smart contracts and parachains. These two technologies will help players create a seamless experience on the Efinity platform. Further, the system will allow developers to offer a seamless experience to their users. In short, Efinity will be able to attract the attention of crypto enthusiasts. It will also be easier for game developers to integrate Efinity’s tokens into their games.

In May 2018, Enjin announced 70 ecosystem partners to support its Efinity cross-chain NFT project on Polkadot. The project will compete with other competing parachains. VRJam and Hololoot will help in the visual aspects of the decentralized Metaverse built on Efinity. In addition, the project will allow for virtual reality functionality. Hence, the ecosystem is expanding with new applications. The community is already working hard to make Efinity a viable choice for investors.

Despite its many benefits, Efinity is still a niche project when compared to other parachains. Its fast execution speeds and low gas fees make it a good choice for high-volume transactions. Additionally, it will enable play-to-earn gaming and the broader metaverse to flourish. With this growing ecosystem, it will be the first to truly realize the potential of its decentralized Metaverse. And with it, the Efinity project is competing with other contenders in the market.

Efinity project timeline 2022

Efinity and Metaverse

In addition to a Metaverse, Efinity will provide VR and augmented reality functionality for its users. In addition to VRJam, Hololoot is a blockchain for virtual reality. The project will work with Efinity to build the visual elements of its decentralized Metaverse. It also plans to incorporate the Polkadot protocol into the platform. Its developers are already working on other features of the blockchain.

The Efinity token will be the primary utility token on the network. It will allow users to vote without spending money. It will also allow third-party developers to build apps for the platform. Furthermore, the Efinity Parachain will also make it easy to move and exchange the Efinity Token from one chain to another. This will give investors and developers the ability to move the Efinity Tokens between the two networks. In addition, Efinity is a highly versatile platform, with over 70 partners and a $100 million fund for developers.

Efinity NFT token

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Crypto News Now DeFi, Ethereum, NFT

Crypto News Now: DeFi Uncertainty, ETH Update, & Women in NFT
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Latest Crypto News and Updates:

Crypto coins have been in the news constantly these days. Here’s a look at some recent news and developments in crypto industry markets.


Cryptocurrency in Russia and the Ukraine

So far, the Ukrainian government government has received more than $75,000 worth of crypto tokens in donations. They have been so successful that the military is planning to auction off NFTs in order to raise funds.

Meanwhile, Coinbase has been criticized by some and praised by others for refusing to close the accounts belonging to Russian users.

Defi Closures and Uncertainty

Recently two notable individuals in the crypto world have decided to call it quits. Anton Nell, the developer of Fantom (FTM) has announced he is no longer interested in blockchain projects. At the same time, Andre Cronje, the founder of multiple DeFi projects like Yearn Finance, also is leaving the crypto industry.

Yearn Finance, Keep3r, Chainlist, Solidly and more projects are all now dying. They will cease to exist on April 3, 2022. This news has causes price to plummet and people to panic. Fantom is now down 16%, however, many others are still working at the Fantom Foundation. So, the future of FTM is unclear, but not without hope.

Ethereum’s Update is Coming

After many years of anticipation, it seems that Ethereum is finally going to fully switch from Proof of Work (PoW) to a Proof of Stake (PoS) algorithmic consensus system. According to Vitalik Buterin, the launch will be here within months. While an exact date has not been given, this has investors feeling bullish in an otherwise bearish crypto market. The switch would result in vastly lower transaction fees. It would also significantly reduce the blockchain’s energy usage, which it has been criticized for by environmentalists.

Cardano is Also Updating

Another highly popular and 8th largest cryptocurrency by market cap, Cardano, is also undergoing some changes. The code will be updated soon for the first time in 2022. This is expected to lead to growth for the coin, which is already doing quite well.

This update is simply titled the “February release.” As you can tell by the name, it is running slightly late. Two more major updates are planned to follow sometime between now and the end of the year. These updates include a hard fork combinator, which could help undo the damage that generally results when a blockchain is forked.

Who is Praising Bitcoin Now?

Bitcoin has always been controversial, but lately it’s been getting some praise from Steve Wozniak, the co-founder of Apple and Energy Efficiency Blockchain Platform EFForce with its native crypto coin/token (WOZX). He said, “Bitcoin is the only pure gold mathematics. It’s embedded science, math, logic and computer programming.”

Learn more about EFForce at www.efforce.io

Dogecoin in the European Union

The Dogecoin Foundation applied for trademark protection for their meme coin’s name and logo. It’s possible they will now be able to sue copycat coins like DogeBonk and BabyDoge. What effect this would have on the price of Dogecoin itself is unclear.

Crypto Politics in Louisiana

As cryptocurrency donations and other transactions continue to happen internationally, some are hoping to regulate this. A new bill is being put forth in the state of Louisiana by Republican Party Representative Mark Wright. The goal of the bill is to require all crypto political donations to be immediately converted into dollars.

The bill also attempts to prevent anonymous donations. The contributor would be required to accurately give their full legal name, physical address and current employer. Whether the bill will pass into law remains to be seen.

Shake Shack’s Bitcoin Giveaway

Shake Shack has started up a Bitcoin giveaway program. Customers who buy through the app can now be rewarded a small amount of Bitcoin for doing so. This is likely many people’s first exposure to cryptocurrency.

OpenSea Bans Iranian Users

OpenSea, one of the biggest NFT platforms to ever exist, has just banned users from Iran. They have drawn criticism for this, with many lamenting the lack of a fully decentralized, borderless NFT marketplace.

Famous Women Are Getting Into Crypto, Too

Many celebrities seem more interested in non-fungible tokens than coins. The “World of Women” NFT art collection recently sold a piece to the singer Christina Aguilera. Money raised by the sale is being donated to the National Coalition Against Domestic Violence. Other famous collectors include Reese Witherspoon and Eva Longoria. Art in the collection is all drawn by the artist Yam Karkai.

Music NFTs

NFTs aren’t limited to just art. On OpenSea, the rapper Snoop Dogg released a music album as an NFT. The album uses a Mutant Ape Yacht Club monkey as cover art.

Would You Pay Your Taxes in Cryptocurrency?

Lugano, a city in Switzerland, is experimenting with treating cryptocurrency as legal tender. The city hopes to become a hub for crypto investors. Residents can pay their taxes directly in cryptocurrency without converting it into local fiat first.

 

cryptocurrencies

Cryptocurrencies to buy

 

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world bitcoin adoption

Will Bitcoin Reward Cards Drive the Bitcoin Mass Adoption?
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The Rise of World Bitcoin Adoption

With the bitcoin price rising every year, the adoption of bitcoin as a currency is increasing. Moreover, the crypto currency has also become a popular alternative to traditional credit cards. It is currently a widely accepted medium of exchange in most countries, while it has remained illegal in many other countries. This has made it a difficult currency to get into. Nonetheless, the rise of cryptocurrency is an exciting trend. But it still has several challenges.

During the past year, the rate of Bitcoin adoption has grown by more than 113% per year, a record for digital currencies. This impressive growth is a significant step forward, as virtual currency is gaining acceptance in international financial centres and smaller towns alike. As more people learn how to use Bitcoin, we will see more companies and consumers adopting it as a primary currency. Let’s take a closer look at the various stages of Bitcoin adoption.

The first step is to understand why cryptocurrency is so much different from traditional cash. Using a card with a dedicated Bitcoin wallet and a specialized app to buy and sell it is a great way to increase the adoption of the digital currency. Unlike the traditional paper money, a digital coin has its own value and can be converted into dollars. It is a great way to buy goods online or at the local supermarket. However, the downside of using a card with a cryptocurrency wallet is the lack of freedom it gives you.

The main drawback to Bitcoin is the lack of a secure way to transfer money, which makes it an unappealing form of payment. Nevertheless, there are many ways to use cryptocurrency to purchase products and services. The major problem is the reliance on central centralized wallets that can prevent users from receiving the rewards they deserve. The good news is that the Visa credit card is one of the most secure ways to use Bitcoin, and this has become a key factor in its rapid adoption.

Despite the shaky beginnings of bitcoin adoption, the U.S. credit card giant, Visa, is planning to boost adoption with a co-branded debit card that offers 10% cash back in bitcoin instead of the traditional reward points. Fold’s research shows that 90% of its users would switch to a Bitcoin-branded card with a bitcoin-reward program. In fact, if the company could get the market share from these behemoths, it might just be the perfect time for the emergence of cryptocurrency-backed rewards.

Besides being an alternative to traditional credit cards, the bitcoin credit card has some distinct advantages over traditional credit cards. The price of a bitcoin is tied to its price and its demand. Moreover, it is easy to convert into another currency, such as the euro or US dollar. In a dollar-denominated economy, a small amount of bitcoin can go a long way. This is why the currency has the potential to steal market share from the behemoths.

 

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Pi top cryptocurrency to mine on mobile phone

π(Pi): Top Crypto to Mine on Mobile Phone Devices Going Mainstream
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Mine Coins With on Your Mobile Phone with π (Pi) Network

Pi Network Mobile App

Start Mining πPi

 

What Is π(Pi) Network and π Token?

Before starting to mine coins with π(Pi) Network, you should first understand what it really is. π(Pi) is a mobile application that uses mobile phone devices as a computing device to mine π(Pi) tokens. As such, it has a rapidly growing number of everyday users mining pi tokens. In order to earn coins, they have to prove that they are not a robot by logging in every 24 hours to confirm the device in order for mining to continue. Anyone can introduce as many people to pi network as they want, being rewarded by rising the hourly mining rate. This format has caused some to accuse the company of multi-level marketing, but this is not the case.

Who Are Co-Founders of πPi?

Pi Network co-founders

The Pi Network project has two co-founders, Dr. Nicolas Kokkalis and Dr. Chengdiao Fan. Kokkalis holds a PhD from Stanford University and has founded several startups. He also teaches a computer science course at Stanford on decentralized applications on the blockchain. Meanwhile, Fan has a PhD from Stanford and has worked on startups that aim to scale social communications and surface social capital. Although the founders have been kind of secretive, they’ve been working hard to develop the project and have released a plenty of public information.

While Pi Network has kept insisting that it is not an ICO, the company is running a crowd sale. In other words, the coins you mine on the Pi network remain within the system, unless you decide to sell them. The network’s open mainnet means that it’s easier to trace the identity of a user than a crypto exchange. Besides that, Pi is currently listed on several crypto exchanges and has a number of users interested in joining the community.

π (Pi) Token Listed on CoinMarketCap.com

By listing the token on the biggest cryptocurrency informative website CoinMarketCap.com is a clear message that the people behind the Pi network mean it seriously and that π should be the true community coin owned by people not big shareholders or corporations. Therefore there is no way to purchase the π token other than mine it!

Although there is not any measurable data about π token on CoinMarkeCap.com yet, the user base of miners is growing fast.

How to Mine π (Pi) Tokens

As we mentioned the only way how to obtain the π tokens is through installing π app on your mobile phone, either android or iOS device, you will be prompted with entering the username of your referral, which if you do not have feel free to enter my username – Mirolpt

and then you should verify your identity and you can start mining right away.

As far as the phones speed performance or a battery life, we didn’t notice any decrease or issue.

 

Start Mining πPi

Pi top cryptocurrency to mine on mobile phone

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Best Crypto to buy in february 2022

What Is The Best Cryptocurrency To Buy In February 2022?
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Moving towards the second month of February 2022, there are some big opportunities to buy in some of the altcoins that are predicted to grow on value as the massive crypto market dip suggests.

But is the bottom low or can it drop even lower?

I wouldn’t dare to say with 100% certainty at all.

Instead of trying to time the market, what I’ve found is much better which is buying a bit of crypto each dip to average that out.

Top Crypto Coins to Invest in 2022

What cryptocurrency coins to buy in 2022

So lets look at some coins that are hot to buy in the beginning of February 2022:

BitcoinBitcoin is steady and as #1 coin in the crypto market and its decentralized nature, it’s destined to grow

Ethereum – ETH is the biggest blockchain and second biggest coin by market cap with thousands of project being built on Ethereum

Polkadot – Had its boom breakthrough in 2020 breaking into the top 10 crypto ranked by market cap, it’s a huge blockchain and ecosystem

PolygonAs a No. 1 solution to scalability and high fees solution on Ethereum network, Polygon (MATIC) is yet to see massive explosion

Stacks – Layer-1 blockchain to connect smart contracts and decentralized application to Bitcoin ecosystem

CosmosOffers a solution to PoW (proof-of-work) through simplified system and ecosystem of connected blockchains

THORChain – No.1 Permissionless Decentralized Protocol allowing users easily exchange crypto assets also resulting in very low fees

Uniswap Popular Decentralized Trading Protocol with the role of facilitating the automation processes of DeFi trading known as AMM

Fantom – Known as DAG – Directed Acrylic Graph smart contract platform for Decentralized Finance developers and services

The Graph – Indexing Protocol for querying data for networks like Ethereum and IPFS, powering many applications in DeFi and Web3 ecosystem.

 

3 Bonus Coins

Terra – Terra blockchain and its token coin LUNA has grown rapidly within the last 2 years, showing the big interest

Enjin – As a one of the oldest gaming cryptocurrencies (now GameFi), Enjin network had its own token before the Bitcoin, it’s a huge project

0xIn the last 2 years the ETH network transaction fees were skyrocketing and 0x Protocol devs have been hardly working on solutions

Best Crypto to buy in february 2022

 

Quick Guide to Investing in Cryptocurrencies

The accessibility of crypto investment makes it a popular choice among young investors, but it is not without risk. Most cryptocurrencies and crypto tokens are subject to high volatility. Many retail investors see crypto as too risky, especially for newbies. It is recommended that investors limit their cryptocurrency investments to a small percentage of their portfolio and stick to a traditional retirement plan. Investing in a retirement account is an excellent choice for people who do not have access to retirement benefits.

There are several advantages of  investing in crypto assets, but it is still important to use it responsibly. As with all forms of investing, you must carefully consider your risk profile before investing. The currency market is highly volatile, and investing in it is an ideal long-term strategy. If you are new to cryptocurrency investing, you should start with a small portion of your portfolio. In the long run, it will add a higher degree of diversification to your overall portfolio. However, you should avoid using crypto as a risk mediator. In fact, cryptocurrency is highly volatile, driven by greed and fear, not by quantifiable factors.

 

Investing in crypto should be done with caution. Despite its high volatility, the expected returns are still higher than other asset classes. In addition, there is even a way how to benefit from volatility of the cryptocurrency market and make some significant profit returns while the volatility is very high. Hence, it is imperative to do research and ensure you’re confident in your decision. To make your decision easier, The Motley Fool has listed ten stocks to invest in right now. We own Bitcoin and Ethereum. But we do not recommend you invest in a particular cryptocurrency without evaluating its risk.

Once you’ve decided on a particular cryptocurrency, allocate your new capital strategically. The idea is to reduce the overall risk of the portfolio. It is not necessary to put all of your money in one coin, but dividing it up between high- and low-risk assets can yield higher returns and lower risks. In addition, it helps to diversify your investments with stablecoins, which act as the liquidity for your portfolio. In addition, if you have an understanding of how crypto works, you can invest in it safely.

While the volatility of cryptocurrency is low, it is still a risky investment. The price of a single coin can go up or down by a lot. Therefore, you must understand the risks and diversify your investments with a suitable strategy. As a result, it is better to allocate some of your capital to a crypto investment rather than a whole asset. While crypto is volatile, it will increase the returns of your other investments.

While you can invest in a single cryptocurrency, you should know which coins have more potential. To be safe, you should invest a small portion of your portfolio in a few coins and keep the rest in a stable wallet. You can even buy fractional shares of some of the most popular cryptocurrencies. You will have a higher exposure to a few coins than you do to Bitcoin. Choosing your investments wisely will minimize the risk of losing all of your money.

crypto investing guide for beginners 2022

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crypto.com supercharger

Crypto.com Supercharger Review
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What is a Crypto.com Supercharger?

The Supercharger is a unique program that distributes a fixed amount of CRO every day. Each user can invest minimum of 100 CRO, and the tokens will be automatically placed in the next liquidity pool. The liquidity score is determined by the average daily CRO during the Acceptance and Charging Period. Once the Supercharger reaches a certain score, it is distributed to all users evenly.

The supercharger will reward users for their contributions with a percentage of their total liquidity pool. Every hour during the charging period, participants can deposit any amount of CRO and withdraw it without gas fees. The rewards will be distributed each day during the Reward Distribution Period. The participants can accept or decline the rewards at any time during this period. They can also withdraw their contributions at any time during the Charging Period, and if they do not accept the terms before the Reward Distribution Period begins, they will forfeit some of their contribution.

The Supercharger is a cryptocurrency event that rewards participants for their contributions. In order to earn rewards, participants must keep their CRO charged throughout the duration of the event. The CRO will be placed in the next event automatically. When a participant completes a Supercharger, their CRO will automatically be placed in the next event. This way, they will get an automatic CRO for their contributions. It is that simple!

 

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crypto.com supercharger

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pros and cons of bitcoin and altcoins

What Are Pros and Cons of Investing in Bitcoin and Altcoins
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Bitcoin is a digital currency that is similar to the traditional FIAT currency such as US Dollar or British Pound but the main difference is that Bitcoin is NOT centralized but rather DEcentralized, which is a significant difference. It runs on the technology called the Blockchain, all the time without a break, and its code is spread in an encrypted way across tens of thousands of computer networks all around the world and its users can transfer their coins anytime to anyone. The most important feature of bitcoin is that its operations are completely irreversible – once you send it to an address, you can’t get it back. Unlike credit cards and conventional online payment systems, you can’t go back and cancel the transaction because it’s data are stored on centralized locations and controlled by a privileged few. Instead, bitcoins are stored across the blockchain using public and private keys and can only be reversible by the sender.

bitcoin crypto and blockchain

While it may be tempting to buy bitcoin with all money you have in a bank, experts suggest keeping your exposure to speculative investments to less than 5% of your overall portfolio, but I would say if you feel, you can invest up to 20%. This means that you should only invest in Bitcoin if you’re confident that it will continue to outperform other investments in the near future more than 100%. If you bought Bitcoin 2 years ago when it traded on an average of $12,000, it’s 400% return right now in the crypto bear market, which is incredible. In other words, don’t buy the currency because it’s hot now. But Buy and Hold on good coins like Ethereum, Solana, Polygon, BNB, or Cardano, just to name a few coins, and don’t let daily price swings influence your investment decision.

Considering the potential upside and downside risks, a few pros and cons of bitcoin investment can help you make an informed decision about whether to hold on to your other altcoins. We know that Bitcoin has limited supply of 21 million units, as well as its increasing user base for the last 5 years, and the market cap of over $900 Billion make it a safe investment. However, bitcoin is expected to outperform many other assets over the next decade, there is a massive opportunity in other cryptocurrencies as well. You can choose your favourite token to invest in based on the projects that you’d like to support since most of the biggest cryptocurrencies are supporting the certain technology behind it.

bitcoin price prediction

So, what are the disadvantages of holding onto your coins?

The downside risk is small compared to the rewards, and the upside is significant.

If you’re thinking of buying bitcoins, be aware of the potential risks and rewards. There are several pros and cons to a cryptocurrency. On the other hand, if you’re looking for a safer investment, it’s not worth taking the risk. However, the risks involved with cryptocurrencies are not the only ones that can go up.

Another disadvantage is that it is not YET fully part of the traditional financial system as the financial regulators will try to discourage the public but secretly buying into the bitcoin and other crypto behind the scenes to gain the position in the fast emerging market such as crypto. When a transaction involves Bitcoin, it doesn’t have to go through governments and banks, and its anonymity is maintained, and of course, authorities and banks don’t like it because without centralized access power it is really hard to control!

This can be beneficial for general public, but it also carries negative aspects with it. It’s important to know that you should not be taking on too much risk when it comes to crypto investments, the portfolio must be accordingly balanced, meaning that you cannot lose a lot of money if the things go wrong.

It’s always your own responsibility to accordingly assess the investment take the risks involved with it.

Bitcoin and crypto adoption

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Best Metaverse Crypto Coins – How to Invest
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What Is Crypto Metaverse?

A Crypto Metaverse is an Immersive Virtual World that incorporates Cryptocurrency and Blockchain technology. This virtual world is a platform of money and value, which can be used to interact and work together in a secure and anonymous environment. The Crypto Metaverse consists of a group of products and services, which are meant to empower individuals to build a more transparent and accessible society. The products of the Crypto Metaverse are focused on building a more open internet, by removing the limitations that might limit internet access or online interactions, and protecting personal privacy and identity.

how crypto metaverse works

How Crypto Metaverse Works

In order to understand how the Crypto Metaverse works, it is important to gain a better understanding of what Cryptocurrency is. Simply put, Cryptocurrency is a ledger or digital database which tracks the relationships and transactions between buyers and sellers of currencies and any other asset. The properties of the system allow for a seamless flow of money and information between any two entities in the system, while keeping information private and secure from prying eyes.

Metaverse Cloud Technologies

In order for any business or organization to successfully enter the Crypto Metaverse, it must be able to adopt the right kind of tools and have the right mindset. In order to accomplish this, organizations and businesses need to look towards the future and embrace the idea of the cloud. Cloud applications are designed to deliver a highly efficient and effective online transaction solution that enables users to transact business on the go. These technologies are highly effective and secure, providing real-time financial transactions and a highly scalable infrastructure that requires minimum maintenance. Cloud technologies are in most cases offered as a hosted service by a network of Internet Service Providers (ISP). The cost of running a cloud application is significantly less than traditional infrastructures such as a traditional server, and therefore organizations can greatly leverage their IT budget.

Past, Present, and Future

The idea behind the Crypto Metaverse is to take a revolutionary step forward in bridging the gap between the present day digital world and tomorrow’s virtual reality. One way to do this is through the implementation of an innovative virtual reality headset. This device would allow people to experience the world of Cryptocurrency at the “enterprise level”. Virtual reality headsets are designed to work with any smartphone or tablet, meaning that anyone can access the Cryptocurrency network at any time. Since many enterprises are already exploring ways to create a more streamlined sales experience by implementing digital asset management systems, this technology could play a large role in bridging the gap between the present day and the future.

Decentralized Networks

Another way to look at the progression of crypto and blockchain is through its relationship with the decentralized network. The decentralized network is made up of internet-connected devices that enable individuals and groups to transact business on the move. For example, when you go to the grocery store, you will either use a credit card, debit card, or an Apple Pay wit your smartphone. Each of these methods has different advantages, and the cryptocurrency algorithms protocols itself could enhance each method by providing a means for application developers and users to access each system easily without the need of centralized group or corporation.

What Are Best Metaverse Coins/Tokens to Buy?

The goal of the Cryptocurrency Association is to define, test, and implement guidelines for the use of cryptographic Metaverse tokens in the real world. This would enable businesses and individuals the opportunity to easily access the liquidity and scalability of the Metaverse without the additional investment required for real world implementations. This would also remove the need for Cryptocurrency institutions to build their own infrastructure as well as store their own coins. It is clear that there is a bright future for the Metaverse project, and we are only at the beginning.

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How to Buy Safemoon cryptocurrency

How to Buy Safemoon Cryptocurrency
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In this article, we will be talking about how to buy Safemoon Cryptocurrency (Safer Crypto, formerly known as SaferNet). Since many people are asking how to buy this kind of cryptocurrency, I thought it would be useful to explain what Safemoon is and how it works. Safemoon is an entirely new decentralized finance digital currency based on the smart blockchain based protocol. However, unlike the Bitcoin or other popular altcoins, Safemoon claims to have a shockingly high 80% APY returns because of its coin burning strategy. You can buy Safemoon directly from their official website or any of the listed exchanges which support this new digital currency.

How to Buy Safemoon cryptocurrency

Buying Safemoon or any other altcoin will require that you understand how to buy it, since there are no commodities exchanges for Safemoon. The way to purchase them is to go to a crypto exchange such as Gate.io or PancakeSwap, which is like a virtual stock exchange which also provides exchange functionality for several other virtual currencies. There are several online brokers/exchanges which will be able to allow you to buy or trade Safemoon, but you’ll need to find one that suits your needs and criteria. This way, you can easily experiment with different coins and exchanges to see which ones fit you the best. Once you’ve found an ideal exchange, then you can make actual investments by buying these tokens/coins with your deposited FIAT currency either via Bank money transfer or credit/debit card.

What is Safemoon?

So in a nutshell, Safemoon is a powerful decentralized finance token with 3 main functions during each trade, Reflection, LP Acquisition and Burn.

According to the information that can be found on the Safemoon official website and CoinMarketCap, SafeMoon protocol is a combination of RFI tokenomics and an auto-liquidity generating protocol. Based on the information provided in the article written by developers, SafeMoon plans to develop a non-fungible token (NFT) exchange, as well as charity projects and crypto educational apps. With SafeMoon protocol, token holders will earn more SAFEMOON depending on how many coins they have. This can be up to an 80% APY, which is staggering when compared to traditional interest accounts. SafeMoon protocol will gain value over time thanks to its coin-burning strategy, making it a deflationary digital currency.

SafeMooon Protocol will be expanding to include an NFT marketplace and coin launchpad which will allow users to create their own cryptocurrencies via the platform. SafeMoon protocol has an ambitious roadmap thanks to its growing popularity and they wish to be listed on the leading exchanges, launch a decentralized exchange (DEX), and increase their partnerships by the end of 2021.

The value of each coin is set by an algorithm in the back ground of the system, which means that there will never be more than 1,000,000,000,000,000 of these coins in existence. Investing in Safemoon can bring just as much profit as investing in other types of altcoins, and every investment carries the risk.

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bitcoin and public distributed leger

Bitcoin, Altcoins, and Blockchain for Beginners Explained
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Bitcoin And Public Ledger

When people talk about the future of money, they often mention the word ” bitcoin” or “crypto” without explaining what it actually is. The most common explanation is that bitcoin is a form of digital currency that can be used on the Internet and sent through different networks to anyone in the world. However, other people have come up with their own interpretations of this technology, and while they may seem to be right, bitcoin isn’t really like any kind of traditional FIAT currency at all.

In order to understand how bitcoin works and how its value is determined by its algorithm code, you need to understand how the blockchain code algorithms actually work. Basically, every computer in the world is connected to the rest of the world by a router. This router is what connects your computer to all of the other computers on the Internet. Every transaction you make on the Internet goes from your computer to the router, and then to the payment network like PayPal and WorldPay where it is converted into a real currency. There are many different ways to make transactions, but the way that bitcoin and other cryptocurrencies work makes it unique.

Transactions are recorded in the Distributed Ledger Protocol, which is a public database that keeps track of every transaction that happens in the system. Each computer in the ecosystem is linked to the rest of the computers in its circle, and each computer that is part of the circle must update the ledger in order to keep track of the transactions happening in the system. Because of the nature of the ledger, the transactions are grouped together into what we call the blockchain. The blocks of transactions are made up of just one simple file, called the block header. Each transaction is put into its own block and the chain of these blocks forms a beautiful pattern called the blockchain.

bitcoin and public distributed leger

What makes the blockchain work is that there are certain rules that every transaction must follow. One of those rules is called the proof of work. The proof of work is what dictates the difficulty of mining for the bitcoins. The difficulty of mining is what determines how many bitcoins will be generated during a certain time frame. It is a mathematical formula used to unlock the bitcoin wallet when you provide the correct key. The bitcoin network works with about twelve different hashrates, which determine the difficulty of generating new blocks.

Because of the nature of the blockchain, there is an inherent risk of someone creating counterfeit coins because they could fork off part of the existing chain. Because of this, the supply and demand of bitcoins is determined by the market, and not by some mysterious algorithm. In this sense, bitcoin is a digital currency based on a public ledger that can be followed by anyone in order to understand the current value and trends of the crypto. There are no physical coins, rather you use your computer and coding to mine digital money.

This transaction model has been adopted by several different altcoin solutions including the Dash coin and the Dogecoin. It is important to remember that all digital currency is worthless when there is no one to recognize that digital currency as such. This lack of recognition can cause problems for the ecosystem around the ecosystem and causes people to lose faith in the existing infrastructure.

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