What is Cryptocurrency

What is bitcoin halving?

What is bitcoin halving?

Satoshi Nakamoto programmatically laid out halvings on the bitcoin network every 210 thousand blocks, that is, every 4 years - until the moment when with the extraction of 21 million coins (presumably in 2140) the cryptocurrency emission will be completed.
4 months ago
Information manipulations on the cryptocurrency market

Information manipulations on the cryptocurrency market

Information manipulation (hereinafter referred to as MI) is the use of false information or the misinterpretation of true information. IM are used by initiators to achieve their goals in politics, business and in financial markets.
4 months ago
Cryptocurrency
Cryptocurrency

Since the advent of the first cryptocurrency in 2009, the number of its followers has been steadily increasing. Interest is not weakening, no matter how ups and downs are observed in the crypto sphere.

We bring to your attention a detailed overview article about cryptocurrency - its technology, history of appearance, methods of use and receipt. Also, the review provides a table with the rates and the main characteristics of the coins (capitalization, issue, trading volume) and an online chart. You will find out where to buy or sell virtual coins, a list of exchanges, exchangers and cryptocurrency services is given.

Ways of making money without investments (taps) and with them are described.

What is cryptocurrency

What is cryptocurrency
What is cryptocurrency

Cryptocurrencies are digital units that are issued on the Internet, and the principles are based on cryptography. The basis for creating all cryptocurrencies is blockchain technology - a chain of blocks ordered by certain rules, the immutability of which is ensured by the use of cryptography. All transactions are closed and using keys. It is necessary to distinguish between the concept of "cryptocurrency (coin)" and "token." Token - does not use its own blockchain and is created on a third-party platform (for example, Ethereum) according to a standard template.

In simple words, cryptographic currency is a means of payment that exists exclusively in electronic form and represents a certain mathematical code. In the process of circulation of these assets, an electronic signature is used, encrypted using cryptography methods - hence the name. Separate units of cryptocurrencies are called coins (coins, coins). These coins exist only on the Internet and have no physical embodiment.

Currently, there are a huge number of crypto coins. As of January 26, 2019, more than 1,900 cryptocurrencies and tokens are presented, which are traded on exchanges and have a chain of blocks. Most people know only the most popular of them: Bitcoin (Bitcoin, BTC), Ethereum (Ethereum, ETH), Litecoin (Litecoin, LTC) and are not aware of the existence of other cryptocurrencies that can be used to make good money.

The official status of cryptocurrency as a means of payment is recognized in Japan, thereby legalizing their use. This event played a major role in the growth of the cryptocurrency exchange rate during 2017. Today, the "land of the rising sun" is the largest market in terms of trade in cryptocurrencies, in second place is the United States.

What is blockchain in simple words

How to get and earn cryptocurrency

How earn cryptocurrency
How earn cryptocurrency

Interest in digital money is not limited to theory - the question arises of how you can earn cryptocurrency on your account for future use. There are a lot of ways, consider the five main and most common.

Mining

Mining is understood as the process of mining crypto coins with the help of special software. Since mining is associated with a large amount of computing, its implementation requires high-power equipment.

The software is used to connect the miner to the system, and a software wallet is required for transactions (payments).

The principle of mining is based on decentralization. Each new transaction is recorded in a chain - blockchain - a copy of which is available for each participant connected to the network. Some time passes between the entries in the blockchain, it is necessary for the exchange of information between all clients of the system about the actions that have taken place during this period.

How does cryptocurrency mining happen:

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Thus, mining is an important component of the cryptocurrency network. To encourage people to engage in it, a reward system has been introduced - the participant who closed the block receives a certain amount of coins.

Cloud mining

Cloud mining allows you to mine cryptocurrency with minimal investment. With this method, mining capacities are rented from specialized companies. All settlements (purchase, profit distribution, etc.) occur online.

You will need to register on the cloud mining site, select a contract, algorithm, amount of power (hashrate). Payment is made by cryptocurrency or fiat. Many cloud services accept bank cards. Profit can be obtained on the first day after investing.

Currently popular sites for cryptocurrency mining on the cloud:

Cryptocurrency Margin Trading

Margin trading is the trading of cryptocurrency on the exchange using funds borrowed by the exchange itself on the security of a deposit. “Credit” is not given free of charge, but for a certain percentage in favor of the exchange. True, the percentage is usually small (in the region of 0.1%).

Key features of marginal crypto trading:

There are a number of exchange tools that can make the margin trading process more successful. In particular, alerts and stop loss.

Trading terminal of the Bitmex exchange, which ranks first in terms of margin trading volume:

Cryptocurrency Exchangers

Exchanger is a service that allows you to quickly transfer funds from one payment system to another. One of the most convenient ways to buy cryptocurrency, although there are often platforms with large commissions.

Choose the best exchanger will help the famous service BestChange. It is enough to indicate in it the given currency and the one you want to receive. Instantly a table is displayed allowing you to easily select the exchanger with the best exchange rate at the moment. Next, go to the selected site and follow the instructions.

Cryptocurrency cranes

Cryptocurrency crane - a site that provides the ability to receive small shares of virtual coins for free. To do this, it is enough to introduce captcha or perform another simple action once in a certain period of time.

With one or two taps, the profit is negligible, calculated in kopecks, if translated into fiat money. Therefore, those who want to make a tangible amount of money for them open 10-20 resources at once in different tabs, since there are a lot of them on the Internet today and are constantly collecting profits.

ICO cryptocurrencies and bounties

Most cryptocurrency startups to raise funds for their development organize an ICO. This is an investment enterprise where tokens are issued to investors for their contribution to a future project - coins of this project. Since 80% of ICOs fall apart before the completion of the project, this is a rather risky way to invest.

However, there is an opportunity to invest not money, but your time - post startup reviews, videos, attach links on various sites. And in return to receive the same tokens. This is called a bounty program (bounty - wealth). ICO cryptocurrencies and bounty ICO cryptocurrencies and bounty

Top 10 cryptocurrency rating

Cryptocurrency rating
Cryptocurrency rating

Cryptocurrency Bitcoin

Bitcoin is the very first cryptocurrency first released in 2009. According to scientists from various fields of science (mathematicians, cryptographers), technology has become a fundamental breakthrough and the embodiment of everything that has been developed and brought to mind for 40 years.

As of January 2019, the Bitcoin exchange rate is 3,571 USD, the market capitalization is 62,495,146,796 USD, which makes the coin the undisputed leader, despite recent drawdowns.

Ethereum

Ethereum was created by our compatriot Vitalik Buterin (although, at that time, he lived in Canada). The platform is positioned as a tool for creating a variety of decentralized applications. It is on the basis of Ether that the majority of new cryptocurrencies are created today. In addition, Vitalik redesigned smart contract technology at Ethereum, making it more flexible and reliable.

The Ethereum exchange rate is 116 USD, the market capitalization is 12 168 909 324 USD.

Ripple

Ripple - this cryptocurrency platform is primarily focused on making quick and cheap payments. It shows really excellent efficiency, so the protocol has already been put in circulation by large companies such as American Express, as well as about 50 large banks around the world.

Ripple exchange rate is 0.3 USD, market capitalization is 12 967 635 031 USD. Due to its low cost, the coin is considered a good option for investing.

Litecoin

The cryptocurrency Litecoin is the second (after Namecoin) fork, that is, a branch of Bitcoin. Litecoin is similar to its ancestor in almost everything, but uses a different hash algorithm - Scrypt. This provides more flexible mining conditions, increased scalability and bandwidth. Low commissions within the network are also noted.

Litecoin exchange rate is 32 USD, market capitalization is 1 968 526 709 USD.

EOS

EOS cryptocurrency The EOS system is based on Ethereum technology and is a platform for creating high-speed applications. The developers say that the key goal of the project is security and the elimination of vulnerabilities inherent in other cryptocurrencies.

EOS exchange rate is 2.4 USD, market capitalization is 2,496,060,127 USD.

Cardano

Cardano cryptocurrency is another smart contract platform that seeks to provide users and developers with a wider range of functions than competitors.

Cardano's rate is 0.04 USD, with a market capitalization of 1,329,077,911 USD.

Stellar

Cryptocurrency Stellar is a real-time currency trading platform. It works on its own protocol of the same name. Stellar was selected for collaboration by IBM.

Stellar exchange rate is 0.1 USD, market capitalization is 1 918 470 600 USD.

Binance Coin

Binance Coin is a token of the Binance exchange. Released in 2017 on the Ethereum platform, but in 2019 moved to its own blockchain network. Used to participate in the IEO Token Sale (Initial Exchange Offering); decrease in the trading commission and increase of referral deductions from 20% to 40%. On April 20, 2019, the BNB is trading at $ 23.

The history of cryptocurrency evolution

The history of cryptocurrency
The history of cryptocurrency

The first ideas of cryptocurrencies appeared back in 1998, when it was proposed to supply electronic money with cryptographic signatures. This would make each coin unique and save many digital currency problems. Then the first ideas of the idea of ​​smart contracts appeared.

In August 2008, a certain Satoshi Nakamoto posted a document on the forum that spelled out the basics of the cryptocurrency he had invented. So the world first heard about Bitcoin. But who is Satoshi Nakamoto is still unknown, despite the fact that many theories were being built. Cryptocurrency history Cryptocurrency history

In January 2009, Genesis was formed - a “zero” block in the Bitcoin network. Mining was then extremely simple due to the small total hash of the network - the number of connected computers was very small. Therefore, Bitcoin was freely mined on processors, and for each block found, 50 BTC was given.

Gradually, the idea began to gain popularity, "new money" was found by more and more supporters. Of course, not without talented enthusiasts: since 2011, other cryptocurrencies, including Ethereum, have been created.

The crypto reached its prime in 2015. And in December 2017, for one Bitcoin on the exchanges they gave $ 20,000, and this is a record figure, which the currency subsequently could not beat. New crypto start-ups appear regularly, and many people no longer consider Bitcoin worthy of attention, although there is another opinion - what exactly is the pioneer of the future.

The principle of cryptocurrency

Blockchain platforms, including Bitcoin, have one important feature: by the records stored in the chain, you can track absolutely all payments within the network, from a new one to the very first transaction. Information about payments and wallet balances does not apply to confidential information; theoretically, you can find out the status of any user's account.

However, cryptocurrencies are characterized by a high level of anonymity. To use them, you do not need to provide any personal data, it is impossible to determine which specific person the cryptocurrency wallet belongs to, if he does not give such information. And due to the immutability of the blockchain, cryptocurrency systems are extremely stable. There is also a drawback - it is impossible to cancel an erroneous transaction.

Differences between Fiat and cryptocurrency

Digital money is much less than fiat money, subject to state control due to its anonymity. There are a number of other important differences:

As for security, it is lame in both types of money. Cryptosystems are susceptible to hacker attacks, and a wallet with fiat money can be stolen, a PIN code can be picked up. There is work to do both there and there.

What are cryptocurrencies provided with?

Behind Bitcoin or other digital currency is not a state or any company that could be responsible for its value with its resources. Therefore, to determine the real "weight" of the coin, other methods are used. Economists have come up with an interesting analogy for comparing cryptocurrencies with rare substances that exist in the world in the amount of only 1-2 grams, and which were created over the years. The first thought is that they are priceless. However, no, there are three factors by which they can still be assessed:

In fact, it turns out that the value of a substance (just like Bitcoin) is determined mainly by the amount of demand and how much resources buyers are willing to give for it.

Cryptocurrency application

Ways to use digital money are not original, they are actually the same as that of fiat. You can buy goods or services for cryptocurrency (though only online). In this case, the purchase will be completely anonymous.

Also, electronic currencies are considered a convenient tool for long-term investments. An investor buys coins and waits until their rate rises. To do this, you need to be sure of the bright future of a particular currency. Those who were not mistaken in Bitcoin were able to make a profit of thousands of percent.

Finally, crypto assets are suitable for speculation on exchanges, where you can also get additional income through trading and constant monitoring of exchange rate fluctuations.

Advantages and disadvantages

Advantages of digital coins:

Cons of cryptocurrencies:

Legal status

States have a different attitude to Bitcoin - from complete rejection and even prohibition to promotion. In those countries where crypto transactions are legal, digital money is regarded as investment assets or goods. In Germany and Japan, BTC is recognized as a unit of account. But in China, cryptocurrency transactions are allowed only to individuals.

Switzerland is considered the most loyal, where Bitcoin is accepted on the same terms as foreign currency. It is believed that it is in Switzerland that the most favorable environment for launching blockchain startups is.

The future of cryptocurrencies

The future of the cryptocurrency industry is closely connected with the attitude of the authorities to it. Any positive movements associated with this segment are instantly reflected in the value of the crypto.

It is noticeable that the world, although slowly, is moving towards the adoption of digital money.

Just the other day in the United States, and specifically in Wyoming, they proposed a bill under which cryptocurrencies can receive virtually the same legal status as fiat funds. If the law is approved, then this will make a revolution in the crypto segment.