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Showing posts from September, 2022

THE USE OF STABLE AND UN-STABLE COINS

WHAT IS A STABLE COIN? S tablecoins are digital assets whose value is linked to the value of another money, commodity, or financial instrument. Stablecoins are designed to be an alternative to the excessive volatility of the most popular cryptocurrencies, such as Bitcoin (BTC), which has made such investments unsuitable for widespread use in transactions. Stablecoins are cryptocurrencies that try to tie their market value to something outside of themselves. As a medium of exchange, stablecoins are more helpful than more volatile cryptocurrencies. Stablecoins can be linked to a currency like the US dollar or a commodity price like gold. Stablecoins aim for price stability by using reserve assets as security or supply-controlling computational formulae. Stablecoins come in a variety of shapes and sizes. Given the widespread availability and acceptability of the US dollar, some believe that stablecoins are a problem in search of a solution. Many cryptocurrency supp...

WATCH OUT FOR THE NEXT BITCOIN

Several coins are thought by various individuals to be the next Bitcoin, as we all can see that BITCOIN is the mother of all other form of cryptocurrency. And that is the reason why we have just 2 major types of coins which are Bitcoin and other coins, which are regarded as Alternative coin (Alt coin).  So in a nutshell, it means any other coins other than BTC are regarded as ALTERNATIVE COIN. Crypto market has been introduced for almost 10 years but up till now, there is no crypto coin that can be applied deeply into life and this is because the transfer fee in the blockchain cost too much. BITCOIN: $30-$50/txn; Ethereum: $15-$30/txn; TRON: $0.8-$1.0/txn. And also, Network bottleneck due to blockchain high transaction demand. BITCOIN: 7txn/second; Ethereum: 14/txn/s; TRX: 300txn/s; Polkadot: 1.500txn/s. With all this instability, a coin, with a better future to correct all the existing coin called BITCOIN FUTURE is developed to replace all the constraints. What is the BITCOIN FUTU...