Cryptocurrencies

In Cryptocurrencies

AI and Cryptocurrency

November 2, 2023 7 Mins Read

AI and Cryptocurrency | AI Coin represent a specialized cryptocurrency engineered to facilitate and energize blockchain networks dedicated to artificial intelligence, such as The Graph and SingularityNET. This digital asset serves as a critical utility token within these ecosystems, enabling users to engage with and leverage the advanced AI technologies embedded within these platforms. In practical terms, users are required to expend AI Coin to gain access to the comprehensive array of services and functionalities…

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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…

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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…

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What is XRP and how does it work?

September 18, 2023 7 Mins Read

What is XRP | Ripple is one of the big boys in the cryptocurrency space, heavily recognized for its contrarian approach to cross-border payments and financial transactions. The project started in 2012 and aimed to disrupt how money moves worldwide. It focuses on instant, cheap international money transfers, positioning it as an attractive option for banks and other financial entities keen on lubricating those wheels. Ripple’s distinguishing feature is that It is in the process…

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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…

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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…

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How to protect your cryptos against scammers?

June 22, 2023 4 Mins Read

Scammers continually seek innovative methods to exploit financial systems, and the rapid expansion of cryptocurrencies has presented numerous opportunities for fraud. In 2021, cryptocurrency-related crimes reached unprecedented levels, with scammers absconding with $14 billion in digital assets. As an investor considering participation in the cryptocurrency market, it is imperative to be aware of these potential risks. Vigilance and informed decision-making are essential to navigating this dynamic landscape and safeguarding your investments against fraudulent activities. Frauds…

In Cryptocurrencies

What is Ethereum and how does it work?

June 7, 2023 7 Mins Read

What is Ethereum | Following Bitcoin, Ethereum (ETH) is the next most widely used digital currency. Established in 2015 by Vitalik Buterin and Gavin Wood, Ethereum’s valuation now accounts for around 20% of the $1.1 trillion worldwide digital currency market. Ethereum is described as “a worldwide, decentralized system for money as well as new kinds of applications. ” Dozens of games and financial services operate on the Ethereum blockchain, which is so well-known that other…

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Bitcoin vs Ethereum; which one is better?

June 1, 2023 4 Mins Read

Bitcoin (BTC) and Ethereum (ETH) are the two of the fastest-growing cryptocurrencies, and they have significantly aided the development of the industry. Bitcoin was the very first cryptocurrency to be formed and is referred to as digital gold or “gold 2.0,” whereas Ethereum is regarded as a global decentralized system. These two are completely distinct in that the former was created to enable decentralized money, whilst the latter was created to enable applications…

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What is Cryptocurrency and how does it work?

May 29, 2023 4 Mins Read

A guide through Cryptocurrency… Cryptocurrency is a type of digital or virtual money that use algorithms for encryption to safeguard and authenticate transactions as well as to govern the generation of new units. Cryptos, as opposed to traditional currencies, have no centralization and function independently of any central authority. The phrase “cryptocurrency” means the use of encryption to validate transactions. This means that in order for saving and transmit cryptocurrency information between clients and public…