Ethereum Classic does the same thing Ethereum does. It facilitates running smart contracts by offering the benefit of decentralized governance.You don’t need a third party involved, such as a bank. It’s an if-then scenario. If the actions required within the contract have been fulfilled, then the responding contract parameters would be completed. If the contract parameters have not [...]
A “stablecoin” is a type of cryptocurrency whose value is tied to an outside asset, such as the U.S. dollar or gold. The company that created the crypto will have a reserve that matches the number of units they have in circulation. It’s like a collateral. You should be able to exchange one unit of a stablecoin for [...]
By now, you should know that there are only 21 Million bitcoins ever created. But not all 21 million bitcoins are already available in the market. Like gold, you need to mine bitcoin. Unlike gold, you don’t need to physically dig the Earth to mine bitcoin. Instead, you make your very powerful computers solve complex mathematical problems to [...]
There are many different ways you can invest in crypto. 1- through a CryptoIRA 2- trading in cash 3- directly investing in a company developing cryptocurrencies 4- Blockchain ETFs Let’s go through each of them. A CryptoIRA is a common term used when you want to put cryptocurrencies in your self-directed Individual Retirement Account or SDIRA. Yes, you [...]
DeFi is all the rage. Too bad many don’t really understand it. If you are one of them, don’t feel bad. DeFi is a newer term just now coming into wider use. This means that DeFi, short for decentralized finance, doesn’t have a strict definition. At least, not yet. DeFi is a concept of automated financial processes. Basically, [...]
If you’re a small business, you need to start accepting Bitcoin. Why? #1. There are no fees Let’s face it, 2 to 3 percent merchant transaction fees hit your cash flow hard. Bitcoin transactions typically cost between 1 percent and zero. Yes, 1 to zero percent. You can send or accept bitcoins as payments with no fees attached. [...]
It’s down to $253 as of recording. Last week, Coinbase plunged to an all time low as many investors soured over the newly minted crypto platform. Coinbase is getting dangerously close to the $250 a share required for the stock to begin trading. Just to clarify, this is a reference point set by Nasdaq, not a direct indicator [...]
Just because a crypto trading platform is big, established, and has lots of online reviews and media coverage, does not mean it’s a trustworthy platform. Coinseed, for example, is a spare change investment and social trading platform focused on cryptocurrency. Think Acorns but for crypto. They are being sued for fraud. On May 6, New York Attorney General [...]
With MDM, your cryptos will be protected with military-grade security. This is an unparalleled security feature in the digital space. This means, the same security we use to protect this very country will be protecting your crypto investment. MDM is working in partnership with Genesis to provide this exemplary level of security for your digital coins. Genesis is [...]
The price of the cryptocurrency dogecoin plunged overnight as Elon Musk hosted “Saturday Night Live. or SNL” His backing of dogecoin has been a rallying point for the doge community. SNL was supposed to be the big event that would push Dogecoin to $1. After peaking around 70 cents just before the popular sketch show aired, dogecoin slumped [...]
