Ever since Bitcoin and ultimately cryptocurrencies hit the limelight circa 2010. Cryptocurrencies have to continue to prove that they are here to disrupt the familiar traditional money systems.
One of such innovative steps is the Bitcoin ATM. No, this does not dispense actual coins as the Fiat ATM does. As in any booming industry, once a product launches, thousands of ancillary businesses will pop up to support that industry.
A bitcoin ATM allows customers to buy bitcoin and other cryptocurrencies. The use of “ATM” is a misnomer. The machines are not actually ATMs and do not dispense cash.
If you know about Ethereum standard ERC20 tokens and smart contracts, then understanding this article will be a walk in the park.
If you are wondering what ERC20 tokens and smart contracts are, read about them here and here.
Just like Ethereum has its own technical ERC-20 token, so do many other blockchains. On Tron, tokens are programmed according to the TRC-20 token standard.
As a public blockchain, anyone can issue their own TRC-20 token using the same basic set of rules, and their token can interact with any of the other apps running on the Tron platform.
2020 was the year of stablecoins. The supply for stablecoin quietly surged from below $5 billion to $28 billion. And the market continues to see substantive growth.
As of January 2021, the current stablecoin supply is over $33 billion.
We would often hear that “crypto is the most volatile asset out there”. However, stablecoins like USDC and USDT gave a medium of exchange in which traders can find almost the same comfort as holding fiat.
These are cryptocurrency whose value is backed 1:1 by another asset, such as the US dollar, euro, yuan, or gold.
Stablecoins managed to create a…
Because digital money is for the digital age. Stable coins represent a breakthrough in how we use money. Digital dollars work like other digital content, they move at the speed of the internet, can be exchanged in the same way we share content and are cheaper and more secure than existing payment systems. Digital dollars can also be called stable coins.
A stablecoin is a new class of cryptocurrencies that mimics the price stability of fiat currencies and is backed by a reserve asset. Stablecoins have gained traction as they attempt to offer the best of both worlds — the…
Pretty sure you’ve heard about how cryptocurrencies are a better finance system when compared to the traditional ones. You’ve heard things like, it’s faster, cheaper and safer (because it is decentralized).
And now you are wondering, What does it cost to trade these cryptocurrencies? We will be looking at Bitcoin transaction fees in this case. Since it is the most popular and largest cryptocurrency by market cap.
Apart from the market price of bitcoin, each exchange charges their clients a sort of commission for using their services in the crypto space.
These fees include Maker which adds to the order…
A central American country El Salvador is looking to make a law that recognizes Bitcoin in the same way as the US Dollars. This may be the first country in the world to accept bitcoin as legal tender.
On Saturday, 5th of June 2021 at the Bitcoin conference held in Miami, Nayib Bukele, President of El Salvador announced that he was looking to introduce legislation that will recognize the cryptocurrency the same way as the US dollar, which the country currently uses.
Nayib Bukele, 39, said in a prerecorded address to Bitcoin 2021 said “Next week I will send to…
How To Diversify Your Crypto Portfolio.
Cryptocurrency has come a long way, and according to Coinmarketcap, there are now over 5,300 currencies under the digital coin umbrella. Although only the top 20 are considered the most tradeable and make up the bulk of the market, this massive adoption and population speak volumes about the state of crypto.
So, if you want to or already have invested in cryptocurrency, one of the best things you can do would be to diversify your portfolio. The success or downfall of your crypto investment may be hinged on your diversification strategy. …
Having read the title of this article, you are probably wondering about how cryptocurrencies and possibly superheroes are named.
Well, just like SuperHeroes, some crypto coins have names you might consider to be cheesy. But imagine a world where superheroes were real and they LOVE Cryptocurrency. It is safe to assume that each superhero would want a cryptocoin named after them. Possibly just so they can say I have my cryptocurrency.
BUT, we’ve managed to curate a list of crypto coins whose names are guaranteed to give you a dopamine boost!
Let’s dive in.
Although popularly used conversely, the terms Encryption and Cryptography are not entirely the same.
Secure communication in the presence of malicious third parties can be using certain techniques. These techniques are known as Cryptography.
Cryptography is a two-part scientific protocol of concealing messages using secret codes. And cryptanalysis consists of the techniques to break them. The objective of cryptography is to provide methods to secure information and communications through encryption and related techniques.
Encryption is a fundamental application of cryptography that encodes a message with an algorithm. …
Entering the crypto market is tricky for many new entrants. One of many reasons is the highly volatile nature of cryptocurrencies, which makes market movement unpredictable.
The good thing is there are several strategies proven to minimize the risk involved in crypto trading. One such of such is dollar-cost averaging (DCA), which helps to build wealth over time. In essence, dollar-cost averaging is a suitable investment strategy for beginners or individuals who do not want to burden themselves with the technical aspect of market analysis.
Not entirely sure how this helps? Continue reading to know more about this strategy and…
Patricia Technologies Limited is a fintech company that trades bitcoin and other cryptocurrencies.