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Showing posts from November, 2022

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What to Know Before Buying NFTs

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  What to Know Before Buying NFTs NFTs (non-fungible tokens) are one-of-a-kind digital assets that are stored and managed on the blockchain. They're one of a kind, limited edition collectibles that are difficult to replicate or modify. Many folks do not do their own research (Do Your Own Research) before getting their hands dirty with NFTs. NFTs can appear to be a Ponzi scam if you don't do your homework before investing or carefully. The first level of Roqqu NFT platform has been introduced. You've come to the right site if you're excited about NFTs and want to start buying them. Investigate the NFT Collection . You must first check that the NFT project is genuine and has a solid indicator of increasing value before picking what NFT to buy. An original project can be identified in a variety of ways. Start by joining communities where people discuss their experiences buying, holding, and selling different NFTs. Simple hashtags like #NFTCommunity can yield exce...

What are Central Bank Digital Currencies

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Ripple Introduction Ripple (XRP) is the currency that runs on a digital payment platform called RippleNet. It is also the company behind xRapid, xCurrent and XRP Solutions, which is on top of a distributed ledger database which is called XRP Ledger. The XRP Ledger is open source and is not based on blockchain, but rather the previously mentioned distributed ledger database. The RippleNet payment platform is a real-time gross settlement (RTGS) system that aims to enable instant monetary transactions globally. While XRP is the cryptocurrency native to the XRP Ledger Who Is the Founder of Ripple The idea behind the Ripple payment platform was first voiced in 2004 by Ryan Fugger. In yeah 2012 Jed McCaleb and Chris Larson took over the project and built Ripple (at the time, it was also called OpenCoin). The goal was to capitalize on the financial relations between network participants to eliminate the need for banks. This concept would later serve as the cornerstone of the crypt...

What is chainlink and what is dash

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  Dash Introduction DASH is an called Digital Cash, it emerged from bitcoin as a branch coin to focus on speed and privacy. DASH is also considered to be one of the first decentralized autonomous organizations. Dash, launched in 2014 as a fork of LiteCoin, is a decentralized open source network created to make payments easy, cheap and fast. It was designed to offer financial freedom to everyone. Payments using Dash are instant, easy and secure, with near-zero fees. Who Is the Founder of Dash DASH was conceived and founded by software developer Evan Duffil, who was the CEO of DASH core group until 2017 where he stepped down to become an advisor. He initially had the idea in 2021 about creating a network that adds more anonymity to Bitcoin and initially named it DARKCOIN. The project was originally named XCoin, but changed its name to Darkcoin some weeks after. Finally in March 2015 in an effort to positively change its image, it was rebranded into what is called DASH. Wh...

What is Ethereum

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  What is Ethereum Introduction Ethereum is a decentralized open-source blockchain system that uses it's own cryptocurrency called Ether. (Ether is the native currency of the Ethereum Blockchain and it is used to compensate node for performing computation in the Turnung-complete in- structure set of the Ethereum Virtual Machine (EVM). ETH works as a platform for numerous other cryptocurrencies, as well as for the execution of decentralized smart contrat. Ethereum’s goal is to become a global platform for decentralized applications, allowing users from all over the world to write and run software that is resistant to censorship downtime and frauds. Who Are the Founders of Ethereum Ethereum has a total of eight people co-founders They first met on June 7, 2014, in Zug, Switzerland. Russian-Canadian Vitalik Buterin is the well known among the founders. Vialik Buterin authored the original white paper that first described Ethereum in 2013 and still works on improving the pla...

What is litecoin and what is reef

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Litecoin Introduction Litecoin is a peer to peer digital currency protocol created based on very unique properties of blockchain technology. Generally you can refer to Litecoin as a decentralized cryptocurrency with similar protocol as Bitcoin but with some little differences in it's framework. Initially, it was a strong competitor to bitcoin. However, as the cryptocurrency market has become more saturated in recent years with new offerings, Litecoin popularity has been waned. Who Is the Founder of Litecoin In October year 2011, Litecoin was founded by Charlie Lee. Lee was an early Bitcoin miner, computer scientist and a former software engineer for Google. In addition, Charlie Lee held the role of director of engineering at Coinbase between the year 2015 and 2017 before moving on to other venture. Apart from Charlie, the Litecoin Foundation also includes three other individuals on the board of directors namely Xinxi Wang, Alan Austin and Zing Yang What Makes Litecoin Un...

How To Stop Loss Order

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 How To Stop Loss Order A stop-loss order directs a broker to buy or sell a particular asset at a specified price if it reaches that prices. A stop-loss order should limit an investor loss on security holding. Setting a stop-loss order 12% below the price at which you purchased the asset, for example, will limit your loss to 9%. Assume you just gained Microsoft  stock at a share price of $30. You immediately set an $28 stop-loss order after acquiring the stock. If the asset goes below $28, your shares will be sold at the current market price. Stop-limit orders  like stop-loss orders, restrict the amount of money that may be lost. However, as their name suggests, the price they will execute is restrict. Two prices are stated in a stop-limit order the stop price, which changes the order to a sell order, and the limit price. Instead of a market order to sell, the sell order becomes a limit order that will only execute at the limit price (or better). What  Are  The ...

What Are Liquidity Pool In DeFi

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What Are Liquidity Pool In DeFi What is Liquidity Pools and How They Work Like many concept in the world of business and financial technology, liquidity pool can be quite confusing at first glance or seeing for the first time. It’s important to understand the benefits of using and establishing a liquidity pool before you throw all of your needed cash into one of it. The pools help businesses and project managers to manage their cash flow by ensuring that they have enough money on ground to pay all of their expenses and debts in the event of a downturn in sale. After going over the explanation in our article, we hope you have a cleare idea of whether this option is right for you  or  not, your Cryptocurrency project or business What exactly is liquidity pools A liquidity pool is a place where people who want to sell their cryptocurrency can go and match up with someone looking to buy it in the easiest way they can find it. Most of them take out the need for assistance by centra...

What is steem and what is solana

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Solana Inroduction Solana is a web-scales blockchain that provides fast, secure, scalable, decentralized apps and marketplaces. The system currently claims to support up to 60,000 TPS (Transactions per second) and was created for the primary reason of facilitating creation of DApps (Decentralized Applications). Solana, unlike other blockchain can be refers to as a hybrid protocol that combines the underlying proof of stake consensus of the blockchain with their architecture built based on POH (Proof of History) consensus a proof for verifying order and passage of time between events. With Proof of History, you can create a historical record that proves that an event has occurred at a specific moment in a particular time. Who Is the Founder of Solana Anatoly Yakovenko can be regarded as the original founder of Solana as he was the one who initially conceived the idea. Along the line, He teamed up with his Qualcomm colleague Greg Fitzgerald, and they founded a project called Solana L...

What is Tron and what is Tether

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  Tether USDT is a type of cryptocurrency whose price does not changes, it is pegged to the dollar which means that 1 USDT is aiso $1. Due to the stability of the price of this token, it is suitable for storing value over time, thus providing stability of one investments and savings while also leveraging on the decentralization of cryptocurrencies. Tether converts cash into digital currency, to anchor or tether the value of the coin to the price of national currencies like the US dollar, the Euro, and the Yen. The token peg to the USD is achieved via maintaining a sum of commercial paper, fiduciary deposits, cash, reserve repo notes, and treasury bills in reserves that is equal in USD value to the number of USDT in circulations. The stated purpose of USDT is to combine the unrestricted nature of cryptocurrencies — which can be sent between users without a trusted third-party intermediary  with the stable value of the US dollar. Founder of Tether USDT formerly called Realcoin w...

Definition Market Order

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  Definition  Market Order  Market order is an exchange or broker to buy or sell a stock, bonds, or other assets in the financial market at  the best possible price. Most investor use it as their default choice to buy or sell most of the times. If the asset is a big cap stock and a popular exchange-traded fund, there will be many willing buyer and seller . This implies that a market order will  be promptly complete at a price close to the most recent posted price accessible to the investors. For most individual investors,  limit order is a major alternative to the market order, which asks the broker to purchase and sell only at a specific price. How To Recognize Market Orders When you use an online exchange, clicking the buy or sell buttons typically displays an order form for you to fill out. It requires the asset symbol, whether you are buying or selling. It will also wants to know what type of price you are looking for. The default pricing type is called...

Different between Altcoin and Bitcoin

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Altcoins {ALT} Altcoin is also called "alternative coin" It refers to all cryptocurrency based on the Bitcoin Software, but with a slight changes to its source code, resulting in a different cryptocurrency. Altcoins usually have their communities, so they can differ from each other. Altcoin communities are driven by the philosophy behind the cryptocurrency, which is not necessarily the same as Bitcoin. The first Altcoins which are Litecoin, and Ethereum were released a few years after Litecoin and Ethereum became one of the first altcoins to gain value this created a ROOM for new altcoins to be created in order to capitalize on the perceived success of Litecoin and Ethereum. However, most Altcoins created after Litecoin and Ethereum have failed, compared to Bitcoin, in terms of gaining more value. Altcoins are more used as a tool for financial speculation or for micro-tipping online content creators. A big part of its appeal is that it enables anyone to create their own...