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Showing posts from November, 2022

How do stablecoins works?

  Stablecoins mainly works in two ways, Collateralization : Fiat collateralization means that each coin is backed by something in most cases that is one US dollar. The most famous company Tether realized their USDT stablecoins using fiat collaboration. Fiat collateralization stablecoins are quite stable much more of an alternative. Problems: The money required to put off each USDT cannot be invested. This can be the millions of dollars of their company are not earning interest Another problem is specifically the trader’s faces, it is very difficult to prove that you own the total matter of assets Stablecoins Smart Contract Smart contract stablecoins are usually much more volatile. They must manipulate the supply of coins to adjust the price. their main algorithm works in stablecoin. Read the full article Click here... Source: cryptochain24.com

Differences between token Vs coin

  Coin : A coin uses its own blockchain to keep track of the data. Ethereum is its own blockchain about stores value and validates transactions. Etherium teams have been working hard over the years and providing their systems, updating how it works. Token : Token uses someone else coins blockchain. Ethereum token or Erc-20 token uses Ethereum blockchain capabilities as its backbone and infrastructure. For example, a Basic Attention Token is an Erc-20 token built on the Ethereum network. Basic Attention Tokens rely on the Ethereum blockchain network to keep their product state. One of the important things is one cannot birth a token straight into a coin. You can create a coin function as a way to include a Bridge that allows users to swap up their previous tokens for new coins. In some cases, some coins like you are tokens in multiple networks. For example, LEO is on the Ethereum network, Binance smart chain Network, and the Hive network also. Another important things are some coins rep

Advantages of crypto in our life

  Advantages There have phenomenal advantages of cryptocurrency. There are limited ways that we can use cryptocurrency. You can use crypto as transactions at bullet speed with the lowest transaction fees. It allows us to send payments without any active process of the bank steps don’t have to be dependent on banks. Others then you can hold cryptocurrency for sometimes, its price may increase, and sell them at a time to make a profit. There have numerous benefits if you choose crypto instead of fiat currency. Fiat currency means any form of currency other than digital currency, physical currency, and many dollars to be used it consider as fiat currency. We all know the fiat currency is controlled by the government which means we mostly rely on the government to save their value. In the cryptocurrency get the decentralized options where you can set the value of the digital currency. Even you can pay anything with crypto like normal cash. More of the brands of the world accept the crypto

Who created crypto and why?

  The first ever cryptocurrency Bitcoin was created and launched in 2009 by a developer named ‘Satoshi Nakamoto’. They allow users to send and receive transactions in seconds. The more behind the creation it allows all the users must be independent to transact money to anyone they want. They just need to keep on their device with touch, select the address and send the asset just in seconds without really on any bank or government. You can consider crypto as a special code that is saved in your smartphone or personal computer. If you want to pay anyone you can simply send it by your smartphone that is gone to be easily sent. See more... Read full article Link...