Exchange tokens have been around for some time now. However, 2019 has seen a surge in popularity of exchange tokens. With new trading platforms coming up, we should expect to see a rise in exchange tokens. In most cases, exchange tokens play a similar role across different trading platforms. Notable uses of exchange tokens include paying trading fees and share of exchange profits. Additionally, exchange tokens are a convenient way to increase liquidity. The exchange themselves have also adopted measures that work to drive demand for their tokens upwards. This includes only accepting the exchange token for participating in IEOs...
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Best Staking Coins in 2019
There are different ways of earning an income from cryptocurrencies. The leading option is through actively participating in exchanging cryptocurrencies where investors usually buy digital assets at the lower price and sell them when the price rises. This process is high risk. However, cryptocurrencies can have lucrative and stress-free returns through passive income generating means like Proof-of-Stake (PoS). This investment plan entails holding onto your cryptocurrency and selecting the appropriate Proof-of-stake digital currency to get rewards. Generally, Proof-of-Stake is the opposite of Proof-of-Work. In this case, PoS works on a process similar to lotteries where every staked crypto operates like a raffle...
Best Dogecoin (DOGE) Wallets
Dogecoin is also known as the joke cryptocurrency. The asset was started as an internet meme with its logo resembling the Shiba Inu dog. According to developers, the underlying idea of DOGE was to have a cryptocurrency that is free of controversies and troubles and exists solely for fun. Over the years, DOGE has been growing in popularity with a vibrant online community. Since its creation, Dogecoin has also been used to donate money to charities. In 2014 the Dogecoin community helped the Jamaican Bobsled team participate in the Sochi Winter Olympics. We also have a water project in Kenya...
Best Litecoin (LTC) Wallets – Most safe LTC Wallets in 2020
Lіtесоіn is a рееr-tо-рееr сrурtосurrеnсу аnd open ѕоurсе software project that has been gaining popularity recently. Technically, Litecoin has similarities with Bitcoin, however, the former is quicker and cheaper. The average block mining speed in Litecoin is 2.5 mins unlike Bitcoin’s 10. Litecoin has been having a great year with the price soaring higher. By the time of writing these articles, Litecoin was trading at $112.56 with a market capitalization of $7,180,038,955. The asset has been on a bullish return making it an ideal cryptocurrency to invest in. Litecoin’s good performance can be tied to the upcoming August halving. Generally,...
Ethereum Price Prediction For 2020 And Beyond – ETH Price Prediction
Ethereum is an open source platform that enables developers to build smart contracts and decentralized applications without interference from third parties. The platform which is based on the blockchain technology has its own virtual currency, Ether. Like Bitcoin, Ethereum is a distributed public blockchain system. However, the two differ substantially in purpose and capability. Bitcoin uses the peer to peer electronic cash system technology for online payments. Ethereum’s focus is on operating the programming code of any decentralized application. When it comes to mining under the Ethereum blockchain, miners earn through Ether. Apart from being a cryptocurrency for exchange, developers use...
The Biggest Obstacles for Bitcoin’s Full Legalization
Its 2019 and we’re 10 years since Bitcoin was created. The world was changed a bit by the technology behind it, a lot of people got rich by buying some in the early years and selling in 2017; But one of the main questions is – when will Bitcoin become legal worldwide? According to Wikipedia, Bitcoin is legal in most of North America, South America and Europe. The European Union offered a way of legalization for Bitcoin, claiming its a “convertible decentralized virtual currency”. The G7 also recognized it as an “Internet-based payment services”. But countries like China doesn’t want...
3 Cryptocurrencies with a 100% Increase Potential For 2019
2019 seems to be a good year for cryptocurrencies unlike 2018. Cryptocurrency charts are indicating green with Bitcoin spearheading a bullish rally. Typically, the cryptocurrency market usually moves along with Bitcoin. When Bitcoin is on a bullish trend, the entire market follows suit. The maiden cryptocurrency has the potential to hit another all-time high from the $20000 mark witnessed in 2017. As the market shows signs of recovery, we have cryptocurrencies that have the potential of maximum growth within 2019. Some of these cryptocurrencies have suffered massive drops before and have managed to regain their ground. The following coins have...
Ledger vs. Trezor
As a way of enhancing additional security of cryptocurrencies, hardware wallets emerged. As the cryptocurrency sector expands, the demand for hardware wallets is also on the rise. When you opt for hardware wallets, you are adding an extra layer of security since hackers can compromise desktop and mobile wallets. Additionally, hardware wallet shields you from scams that might attempt to steal your private keys. Note that hardware wallets stores your private keys on the device. All hardware wallets usually come with a list of seed words that help you restore your assets in case of loss or damage. For safety...
Creative Ways to Start Spending Your Cryptocurrency
One of the most advanced ways of buying goods nowadays is with a little thing called cryptocurrency. Since Bitcoin’s inception in 2008 and its massive inflation in 2017, numerous cryptocurrencies have hit the market as an alternative to fiat money. Many hodlers use cryptocurrency as a form of investment, holding onto it in case another massive increase in value occurs so they can cash out and have a large chunk of money. However, there are many different ways cryptocurrencies can be put to use and be used as a regular currency. Take a look at some creative ways you can...
Best Monero (XMR) Wallets
Monero is a blockchain open source project with a focus on privacy and anonymity. The Monero project deploys cryptography to shield sending and receiving addresses, as well as transaction amounts. Monero enhances privacy through the use of ring signature concept and stealth addresses. Ring signatures allow senders of digital assets to hide their identity from other participants in a group. To set up a ring signature, the Monero network combines the sender’s account keys and clubs it with public keys on the blockchain. This makes it unique and private at the same time. Monero is also among assets that allowing...