After the California Gold Rush in 1870, two Kentucky scammers devised a scheme to take advantage of the FOMO (fear of missing out) of greedy financiers. They invented the existence of a large diamond deposit in the West. Investors put millions. Everything was fake. A story that should prevent us from believing anyone who offers … Read more
Surely, there are risks. But in a world where banks offer 0% rates, it’s worth overcoming preconceptions and continuing to study. In traditional finance, most of the risk arises from the need to trust other people to manage our money. While many say that DeFi removes trust, it actually replaces trust in individuals, institutions, and … Read more
In bear markets, interest in the Bitcoin protocol usually weakens. Towards the end, only bitcoiners, “smart money” and miners remain. These agents are buyers of last resort, and they all have the same goal: to accumulate as many Bitcoins as possible before others start claiming it. And although, according to Coinmarketrate.com , there are more … Read more
In a recent conversation between the developers of Placeholder and USV, Fred Wilson commented that the business failures he observed were the result of an “original sin” committed at his birth (in a team, business approach, or other significant decision). In the world of cryptocurrencies, the original sin, which we often observe, is expressed in … Read more
Let’s be clear. In the official document, Nakamoto clearly meant that Bitcoin would be used for online payments, not for speculation. In particular, by creating a context to explain his electronic money system, he contrasts it with credit card networks. He begins by mentioning “online commerce” and its reliance on “trusted third parties to process … Read more
Usually, little attention is paid to the close connection that exists between cryptocurrencies and all other markets. On the one hand, the measured correlation between the US indices and the money supply comfortably exceeds 95%. On the other hand, the BTC has correlated by more than 85% with some stock indexes, such as the S&P … Read more
Speaking about cryptocurrencies that are listed on Coinmarketrate.com, we define the technology they are built on as blockchain or DLT (distributed registry technology). These two words sound completely the same for us. But is it really so? Let’s figure it out. Blockchain: Definition The blockchain links blocks to each other and correlates the transactions they … Read more
In fact, this is a new initiative of the European Commission to provide a wide range of cross-border digital public services. Thus, it inevitably attracted the attention of many people around the world, especially cryptocurrency and blockchain enthusiasts. It is interesting to note that the origins of EBSI date back to 2018. During this time, … Read more
Unlike PoW which controls the extraction of the next block solely at the expense of computing power (solving a computationally resource-intensive task – the first one with the correct result wins), PoS works with a real random algorithm. Let’s look at this consensus, and its improved versions. But first let’s look at what Proof of … Read more
The summer of 2021 was marked by a paradigm shift in entering the cryptocurrency market. The explosive resurgence and recognition of cryptographic art and game Collections (NFT) has given the industry a new face, and attracted a new audience of artists, musicians, game developers, photographers and 3D artists. According to Coinmarketrate.com there were also interesting … Read more
Anyone who exchanges real values for banknotes or coins expects that their means of payment will be protected from counterfeiting, and will be unique. Otherwise, anyone can make any number of copies and, thus, quickly spoil the value of the currency. In the case of currencies issued by the state, watermarks, security stripes and holograms … Read more
The decentralized blockchain technology makes it possible to take another step towards intermodal, networked and demand-oriented mobility. Blockchain technology is considered, perhaps, the greatest technological development after the Internet. Initially, the blockchain was designed to be able to send money to peers over the Internet, without intermediaries such as banks. This was achieved thanks to … Read more
Each blockchain has to choose a mechanism that ensures that all participants agree with the truth about their data. You can think of it as a standardized way by which all the politicians in the Duma can be brought to an agreement of opinion as quickly as possible. Since politicians will probably have to discuss … Read more
There is a lot of confusion regarding the concept of a green or ecological cryptocurrency. Many projects, according to Coinmarketrate.com, taking advantage of the Bitcoin energy crisis. They tried to present themselves on the market as a real green alternative, and could offer the same level of services and security as BTC, while consuming only … Read more
The world of cryptocurrencies is growing and developing. Today on Coinmarketrate.com a huge number of blockchain projects are presented, including NFT projects. Non-interchangeable tokens today represent works of art from the traditional market that we currently know digitally, ownership rights and authenticity. And now, the Ternoa project has conceived to create a blockchain that allows … Read more