The Bank of America has today announced that “Digital love” may be harmful to the American economy. The mass adoption of digital currency has led to a “money drop” which in the long run will influence rapid inflation. The report by The Bank of America released on 31st March has not mentioned any specific …
Still wondering if the first cryptocurrency to be launched willing to give its number one position to another currency? That seems not be in Bitcoin’s to do list as Microstrategy’s Michael Saylor says that Bitcoin’s future is still bright even with the slight shortcomings in its price. Although Bitcoin’s value has been struggling to …
Looking back at 2008 when the whitepaper for Bitcoin was released, things have taken a different angle. Humans are conservatives by nature adopting to change takes time but when they do, they become the change. It all started out as an easy and a new way to transact, then the world saw value and …
Dollar Cost Averaging (DCA) – Definition Putting together money to invest into something maybe a stock, index or a cryptocurrency like Bitcoin, is sometimes difficult. However, there is a strategy that allows an investor to put money without the effect of the volatility in the price of their target investment: Dollar Cost Averaging. DCA …
NFT: Non-Fungible Token, they are all different NFT for Non-Fungible Token is an asset representation. It is a unique cryptocurrency compared to most tokens. Indeed they cannot be changed with other assets even if they are similar. For example, a dollar is a fungible token because every dollar costs one dollar. There is no …
DeFi is an acronym for Decentralized Finance. It is used for Cryptocurrency and Blockchain. The goal is to get rid of financial intermediaries. Reminder: Centralized Finance Over the years people have depended on traditional financial institutions for all transactions. The traditional financial institutions also known as Centralized financial systems include banks, insurance, stock markets …
Ripple : to move money around the world Back in the year 2004, computer programmer Ryan Fugger had the vision to have banks to decentralized monetary system where companies would create their own money. This gave birth to Ripple which was successful but had a small network and centralized software. In 2012 Ripple pay …
History of Cardano Cardano is an open source and peer-reviewed devolved cryptocurrency blockchain. It is the first of its kind to be ever made. Cardano started in 2015 and was officially launched in 2017, its founders being Charles Hoskinson and Jeremy Wood. Charles Hoskinson is also a co-founder of Ethereum and Bitshares Hoskinson left …
Created by Gavin Wood, cofounder of Ethereum, Polkadot has raised $144,3 millions in October 2017. This money has been found thanks to an Initial Coin Offering (ICO) which is the equivalent of a crowdfunding for cryptocurrencies. Polkadot : to unify all the blockchains Polkadot is a multi-chain software or a cross-chain network whose aim …
Tether stablecoin : History and Stability Tether is a stablecoin pegged to a fiat United States Dollar. It is a blockchain-based cryptocurrency. It is a digital dollar because its value is equivalent to 1 USD. Also known by its ticker symbol USDT, it has been in existence since the year 2014. It all started …
