Cryptocurrencies are booming and the growing popularity in 2021 has seen new investors entering the cryto-verse. The ease of buying cryptocurrencies across multiple crypto exchanges has made the user journey hassle-free but the security of those investments is still a looming issue. The main question is how to safely store your cryptocurrency to protect it from getting lost.
Let’s begin by answering how do you keep your credit cards and cash safe? By keeping it in a wallet. Similarly, what is the safest way to store cryptocurrency to protect it from hackers? By storing it in a cryptocurrency wallet.
Choose the wallet that is apt according to your need.
A cryptocurrency wallet is a set of private and public keys that validates the ownership of a digital asset (e.g. Bitcoin) and allows the wallet owner to send and receive digital assets or even store them.
There are several types of wallets that can store your crypto holdings, some more secure than others, some are easily accessible and some are dedicated to certain assets. There are two types of wallets — Hot wallets and Cold wallets. The hot wallets are connected to the internet which makes transfers of coins and…
Cryptocurrencies are volatile so is it worth investing in stablecoins?
Cryptocurrencies are volatile and their price tends to fluctuate on a real-time basis. But stablecoins share many powers of other cryptos minus the volatility — the reason for their increasing acceptance.
We are all witnessing history being made in the Crypto industry. There has been major adoption by individuals and institutions to support blockchain technology to revolutionize industries such as finance, health, energy, crowdfunding, payments, and real estate, etc. …
The DeFi market capitalization stands at $119 billion at the time of writing, according to CoinGecko.
The increase in interest is due to many factors; access to funds has never been easier with decentralized economic facilities, bringing a greater amount of transparency as compared to centralized authorities.
Everything is done digitally and online with no paperwork and without several visits to the bank. You can request a loan and get approved instantly through a lending DeFi app while you are on a bus ride anywhere in the world. Your online movements will be protected and secured by the protocols and…
It is never too late to earn passive income from cryptocurrency investment.
As the awareness around cryptocurrencies keeps growing, so do the money-making opportunities around them. We have come a long way from traditional mining of Bitcoin through Proof of Work and today there are newer ways to earn income.
If you have already invested in cryptocurrencies, these options will offer an opportunity to add extra income to your initial investment.
Investors must remember that the crypto market is volatile and they must tread carefully to avoid losing their initial investment. …
Your glossary to know the terminologies on cryptocurrency data sites
If you are a crypto investor, new or seasoned, or just curious to get your share of the cryptocurrency buzz, you need to keep a check on the market movement through websites like Coinmarketcap, CoinCodex, CoinGecko, and more.
While browsing through these websites, you will come across few terminologies like circulating supply, fully diluted market cap, that might be difficult to decipher. To help you out, we will explain them in detail and also walk you through these websites.
How many of the listed blockchain consensus mechanisms do you know?
Anybody who knows about Bitcoin and other cryptocurrencies would know that the purpose of the underlying technology, Blockchain is to record and verify the information. Bitcoin uses a proof of work mechanism, but other cryptocurrencies use varied consensus mechanisms, depending on the utility of their currency. The performance of a cryptocurrency depends on the consensus mechanism used.
So, what is a consensus mechanism? They are protocols to make sure all nodes are synchronized with each other and reach an agreement on a single data value. It is a mechanism…
What’s the advantage of trading on decentralized exchange over centralized exchange? Let’s find out –
Centralized Exchanges (CEXs) currently dominate cryptocurrency trading but Decentralized Exchanges (DEX) are soon catching up as a sturdy competitor.
It is a common consensus within the blockchain space that decentralized exchanges are the future of crypto trading. The popularity can be credited to the fact that DEXs empower the investors as the sole owner of their assets. DEXs enable peer-to-peer trading by interacting with a smart contract, without an intermediary.
Interest and adaptation of DeFi really exploded in early 2020 and as of November 12th, the total value locked in DeFi sector hit 13.62 Billion dollars. The increase in interest is due to many factors; access to funds has never been easier with decentralized economic facilities, bringing a greater amount of transparency as compared to centralized authorities. Everything is done digitally and online with no paperwork and without several visits to the bank. You can request a loan and get approved instantly through a lending DeFi app while you are on a bus ride anywhere in the world. Your online…
Whether you are a small startup, an established business, or a consortium, there will be a time when additional funds or an injection of liquidity helps you grow, transform your business, or kickstart a new venture.
If you already have some experience looking for investors and trying to contact venture funds you know just how difficult it is to get an appointment or even find out who to approach. You need to network and know your local industry players to get recommended and then compete with similar businesses in your region. …