Cryptocurrencies have gained wide acceptance and are in active use by members of the global community. It has proven to be a good source of investment because of its high chances of skyrocketing in value within a short period. Although, just as it appreciates in leaps, so does it depreciate. The suddenness and unpredictability of…
The cryptocurrency market is filled with uncertainties, making it hard to buy and sell cryptocurrencies. Yet, it has the potential to be a productive and lucrative activity in the long term. Due to the multitude of cryptocurrencies available today and the constantly changing market trends, the common question that every crypto enthusiast asks is when…
There are a lot of investment options available, and choosing the right one can be challenging. Over the past few years, cryptocurrencies have become incredibly popular. It is crucial that you find the right cryptocurrency trading platform before you attempt this type of trading. Cryptocurrency trading may seem easy, but it’s complex. It is possible…
WHAT IS DEFI AND HOW DOES IT WORK DeFi stands for decentralized finance, the term used to describe financial applications built on cryptocurrency or blockchain to disrupt existing financial intermediaries. A lot of people place DeFi under the category of blockchains and cryptocurrencies. However, this isn’t the only application DeFi has. To understand the motives…
NFT: What is it? In NFTs, ownership of unique digital items can be exchanged and the ownership of them tracked on the blockchain. NFT stands for non-fungible token and technically, it can be anything digital, including drawings, animated GIFs, songs, or items in video games. Online, they are frequently purchased and sold with cryptocurrencies. They…
WHAT IS CRYPTOCURRENCY? The idea behind a cryptocurrency is to create a digital currency that is secure by cryptography, making it almost impossible to replicate or counterfeit. Blockchain technology is used to power many different cryptocurrencies. It’s a distributed ledger enforced by a network of computers. Cryptocurrencies are characterized by the fact that they…
Cryptocurrency has been in existence for a while now but gained popularity in recent years owing to its growth to the popularly renowned coin called Bitcoin. Let’s take a brief look at the history of cryptocurrency. Cryptocurrency is the amalgamation of two words which are cryptography (from the Greek word Kryptos) and currency. Cryptography…
What is Cryptocurrency? A cryptocurrency is a virtual medium of exchange backed by cryptography. Most cryptocurrencies have decentralized digital networks built on blockchain technology. Blockchain technology consists of a ledger made up of databases of computers in a network. In simpler terms, cryptocurrency is a digital currency backed by cryptography and is not regulated by…
Bitcoin is the world’s first and most valuable digital currency; it was created in 2008 and came into use in 2009. It is open-source software that is not under the control of any central bank or government. The technology behind bitcoin and other cryptocurrencies is called Blockchain technology. Blockchain involves a public ledger that records…
Like every other investment opportunity, cryptocurrency trading comes with its upsides and downsides. You can make huge profits on trades; in the same manner, you can make huge losses. In 2020, the price of 1 bitcoin went from $10,000 to over $40,000 sparking massive investors’ interests in the coin. Last year, some activities drove growth…