Siteadmin

In Investing & Trading

What is a consortium blockchain?

September 22, 2023 5 Mins Read

A consortium blockchain represents a specialized type of blockchain architecture wherein a group of distinct financial institutions, each operating its own private blockchain network, collaboratively maintains a shared blockchain infrastructure. In this model, the blockchain is not open to the general public; rather, it is restricted to a pre-defined consortium of trusted participants. In a consortium blockchain, the consensus mechanism is managed by a select number of authorized nodes or miners, chosen from within the…

In Investing & Trading

Things to note before investing in crypto market

September 21, 2023 6 Mins Read

The cryptocurrency market, born in 2009 with the creation of Bitcoin, is a dynamic and growing financial ecosystem. It comprises several types of digital assets, which are now well-known worldwide, including Bitcoin and Ethereum, besides a few thousand altcoins that address almost every single conceivable role within the blockchain space. This market, by nature, operates 24/7, providing limitless trading and investment opportunities, not compared to traditional financial markets.The crypto market is characterized by its high…

In Cryptocurrencies

What is Shitcoin and how does it work?

September 20, 2023 11 Mins Read

What Exactly Is Shitcoin? A “shitcoin” denotes a category of cryptocurrency characterized by its minimal to nonexistent intrinsic value and its lack of any immediate, discernible utility within the digital or economic ecosystem. This term is intrinsically pejorative and is commonly employed to describe alternative cryptocurrencies or digital assets that have emerged in the wake of Bitcoin’s ascendancy and mainstream recognition. The devaluation trajectory of a shitcoin is often attributable to several factors, including the…

In Cryptocurrencies

What is Ecash and how does it work?

September 19, 2023 4 Mins Read

What Exactly Was eCash? eCash was a groundbreaking digital platform designed to facilitate the untraceable transmission of payments, safeguarding the anonymity of users engaging in microtransactions over the internet. Launched in 1990 by Dr. David Chaum under his company DigiCash, which was founded the previous year, eCash positioned itself as an innovator in the burgeoning field of cryptocurrency. Despite initial interest from major financial institutions, eCash (XEC) struggled to gain widespread adoption. This lack of…

In Cryptocurrencies

What is XRP and how does it work?

September 18, 2023 6 Mins Read

Ripple is one of the big boys in the cryptocurrency space, heavily recognized for its contrarian approach towards cross-border payments and financial transactions. The project, which started back in 2012, had but one purpose: to disrupt the manner with which money moves around the world. Its focus is essentially on instant, cheap international money transfers; hence, this positions it as an attractive option for banks and other financial entities keen on greasing those wheels. Its…

In Investing & Trading

The most popular GameFi games

September 15, 2023 5 Mins Read

GameFi, a portmanteau of “Game” (referring to video games) and “Finance,” represents an innovative intersection between gaming and financial technologies. This burgeoning sector leverages the unique attributes of cryptocurrencies and blockchain technology to create gaming environments where players can earn financial rewards through gameplay. In the GameFi ecosystem, players engage with decentralized applications (dApps) and blockchain-based games that incorporate mechanisms such as play-to-earn (P2E), where participants are compensated in cryptocurrency for their in-game achievements and…

In Investing & Trading

What are NFTs and how do they work?

September 1, 2023 6 Mins Read

NFTs are among the most recent revolutionary technologies to hit the digital space in recent times. They certainly revolutionize the way we think of ownership, art, and collectibles. Unlike such cryptocurrencies as Bitcoin or Ethereum-which happen to be fungible, meaning one unit can be exchanged for another identical unit-NFTs are non-fungible, since they are offered in the creation of unique digital assets which cannot be replicated or replaced. But what really sets NFTs in such…

In Cryptocurrencies

Top most eco-friendly cryptocurrencies

August 20, 2023 5 Mins Read

Climate change has unequivocally emerged as one of the most significant and pressing challenges confronting the global community today. This issue has catalyzed a widespread imperative for businesses across various sectors to embrace and integrate sustainable and eco-friendly practices into their operational frameworks. The cryptocurrency industry is no exception to this broader trend. In recent years, the cryptocurrency sector has witnessed a burgeoning array of environmentally conscious initiatives designed to mitigate energy consumption and positively…

In Cryptocurrencies

Cryptocurrency and taxes; what you need to know

June 30, 2023 5 Mins Read

The IRS (Internal Revenue Service) incorporates cryptocurrency within its tax framework, delineating that income and capital gains derived from cryptocurrency transactions are subject to taxation. This regulatory stance underscores that while profits and earnings in the crypto realm face tax obligations, certain liabilities associated with cryptocurrencies may enjoy a tax-free status, reflecting a nuanced approach to digital asset taxation. Please keep in mind that all information mentioned in this article are based on laws of…

In Investing & Trading

How to know the best time for investing in Cryptocurrencies?

June 27, 2023 5 Mins Read

Timing is everything when investing in cryptocurrencies, for their nature is highly volatile. Understanding the best time of investment will considerably affect your return, since the market is prone to constant price changes depending on factors such as sentiment, regulation news, technological advancements, and global economic trends. Investors should understand the ups and downs of the market, its history, and any external influences that might indicate the right time to invest. These dynamics coupled with…