How Coronavirus Impacts the Cryptocurrency Market and Trade?

Coronavirus in Brief

Coronavirus, also called Covid-19, started spreading from Wuhan, China, and in a very short period, it proliferated all over the globe. The cause of the virus is still under research. However, bats and pangolins are the prime suspects to carry the virus. The virus is deadly and causes lung failure, and symptoms are identified as cold, severe pain in the neck, high body temperature, loss of taste or smell, tiredness, loss of speech, and chest pain. Till date, 187 countries have been infected so far and numbers are only adding. The main reason for the outbreak of coronavirus is longer periods of symptoms identification and human to human transmission.  This virus can mutate, which might be more dangerous to human beings, and few mutants have been recognized till date. The virus is lethal and has influenced the social and economic conditions.

Impact on Life and Global Economy

Coronavirus is a big threat now to all human beings despite large or small economies, thus locking down all social and economic activities. People cannot go outside their homes due to which economic stability has degraded day by day.  All countries are trying to combat the virus with the help of pumping money for medical up-gradation, testing kit development, mask production, and food security. This may cost almost or more than 2 trillion-dollar worth throughout the world as per the United Nations. 86.60 Trillion dollars is the economy of the world, which means 2.31% of the world economy may be vanished by just an invisible COVID-19. You can understand this either of these Italy, Brazil, Canada, Russia, South Korea, Spain, Australia, Mexico, or Indonesia’s economy is under 2 trillion dollars. In other words, Covid19 is trying to spoil the economy as bigger as either of the listed countries.

Cryptocurrency Volume and Trade

Overall the volume of trading cryptocurrency has been come down by 4.17% from May 10, 2020, due to the pandemic. However, the average monthly growth is positive with 3.11%, whereas Binance, bitFlyer, Bitmex, HitBTC, and Liquid are the top volume generator as per theNomics.com report. The Bitcoin price has kept on increasing since the past 6 weeks, which is a good sign for crypto trading. This shows that confidence in Bitcoin is escalating even in a pandemic situation. Altcoins have also maintained their trade volume as normal. Traders are trading like any other day.

Growth of Cryptocurrency after End of Virus

It has seen the correlation of Bitcoin and gold than top-level stock indexes like the S&P 500. It was observed that Gold and Bitcoin were highly correlated last month in March 2020, which affirms Bitcoin as digital gold. You might have noted one important thing in March when crude oil was falling below zero; then, cryptocurrency was still bullish.

Therefore, coronavirus affected cryptocurrency with less magnitude as compared to other financial assets or commodities.  Few top-class agencies suggested that it will hit above $15000 per Bitcoin till the end of 2020. Kraken also said that Bitcoin’s price might reach $350,000 by 2045. Hence, Cryptocurrency has the opportunity to grow in the upcoming days.

Conclusion

Today’s main problem for human beings is COVID-19, as this virus has killed more than 3, 12,000, whereas 2, 14,000 people were killed by the atomic bomb in Japan in 1945. These death numbers are exponentially increasing every day. Additionally, Covid-19 is the devastating economic condition of all countries, which is causing hyperinflation. Many currencies of the world are devaluating despite the economic packages pumped by the International Monetary Fund (IMF) and by other countries themselves. Besides these, cryptocurrency has not been affected devastatingly, and users of cryptocurrency increased in the pandemic time. Trading is going on as usual in the crypto market. Not only cryptocurrency but other digital payment system has also been getting bigger.

Bitcoin Halving

Introduction

A block halving is a process of sinking the rate at which fresh cryptocurrency units are created. Precisely, it denotes the periodical halving occasion that cut the block rewards provided to Bitcoin miners. The date and timing of Bitcoin halving are at 08:41:30 GMT on 12 May 2020. Simply you can understand that after every 210,000 blocks, the Bitcoin block reward will be half of the current rewards for miners. They will be receiving just 50% less BTC for every transaction verification. This event takes place every four years, and the code of halving Bitcoin can be found on the Bitcoin Core Github. Bitcoin halving has many names like Bitcoin havening, reward drop, reward splitting, and reward halving. We will learn more about Bitcoin Halving from the article below.

Significance

This is the fundamental of the cryptocurrency economic model as it ensures the digital coins will be dispensed at a stable rate, following an expected decaying rate. This differentiates the traditional fiat currencies and cryptocurrencies because of the premeasured rate of monetary inflation, whereas the other fiat currency has infinite supply mechanisms. 

There are chances of only 32 times halving events, and after that, there are no chances of further halving. As a result, there will be no more creation of the cryptocurrency since Bitcoin will reach its maximum threshold supply limit.

History

Launch Date: Since theBitcoin was launched in 2009, the total number of circulation is 18,247,825. The reward had initially started at 50 BTC per block.

1st Halving: 28 November 2012 was the date when the first halving took place, and the miners were getting only 25 BTC for every successful transaction verification.

2nd Halving: The second halving was done on 9 July 2016, and the rewards were reduced to 12.5 BTC.

3rd Halving: The third halving process will be completed on 12 May 2020, and from this event onwards, the miners will be getting only 6.25 BTC per block verification.

Essential Data Sheet

Total BTC in Circulation : 18,247,825

Total BTC Produced : 21,000,000

Percentage of BTC Mined : 86.85%

BTC Market Cap (USD) : 167,813,416,182

BTC Generated Each Day : 1,937

Approximate Block Time : 9.44 Minutes

Current Block Height : 619,037

Block Until Halving : 10,963

Source: Buy Bitcoin Worldwide

Last Updated: 2 March 2020

Conclusion:

Bitcoin halving is a significant protocol that occurs every 4 years. Due to this procedure, it maintains the deflationary value of Bitcoin, and we know that the fiat currency of any country is centrally controlled by its nature. This impacts the miners as such miners used to get 50% of Bitcoin for their work of mining. Miners were receiving 50 Bitcoin at the start, and now after 11 years, they will be getting only 6.25 BTC. In hindsight, if we calculate for 2024 and 2028, then the miners will receive 3.125 BTC and 1.5625 BTC, respectively.

How The Wild World Of Cryptocurrency Could Make You Rich | Unicoin DCX

Introduction

Cryptocurrency is very lucrative and shining in the world of finance. The world’s popular businessman is also investing in crypto, and some countries are allowing crypto as one of their legal transaction. However, trades are happening worldwide within a concise period. The peer-peer transaction, low-cost fees, no central banks, and highly secured ways are making the cryptocurrency accessible in actual.

We can merely Google and know that many small investors became millionaires after trading in cryptocurrencies like Bitcoin, Ethereum, XRP, Unicoin, Neo, etc. Investors procure and hold their digital assets or ICO at the time of launch or the lowest price.  Later, when the market price of currency increases, they were enlisted amazingly in the millionaires’ society. Their cryptocurrencies get multiplied in hundred or multi-hundred times which in turn make them a wealthy individual.

The Wild world of cryptocurrency

As we know that cryptocurrency is still not regulated or under process in most places in the world. However, the crypto volume is increasing massively day by day, indicating “this is a new world of cryptocurrency,” where growth is escalating even without proper regulation. Vast transactions are taking place steadily when it comes to buying or selling of the digital currency. People are transferring their digital coins to the wallet of another person. For instance, a total of 33,677 Bitcoins traded on 13th May 2019, which is equivalent to $1.3 billion. If cryptos get regulated under federal law, then their volume will be multi-times of the present size in the world. At the same time, you must also remember that there can be chances of extremely high volatility in the cryptocurrencies. That may bring hard times for few a traders and better time for rest of traders. Prediction is not an easy task even for speculators, but growth is almost inevitable in upcoming days.

Possibility to make you rich

In any business or trading, including stocks, commodity, and forex, there are opportunities for benefit or risk. Hence people make or lose money in their respective businesses.  In most cases, moneymaker gets highlighted with fame such names like  Mr. Erick Fineman invested $1000 into Bitcoin at the rate of $12 per coin in 2011 and bitcoin worth multiplied 100 times to $1200 per coin in 2013. His invested capital also got increased by 100x. The list of such people includes Winklevoss brothers, Charlie Strem, Peter Saddington, and Jered Kenna who became millionaires after investing in digital currency.

This saying is true that if you can think, then you can do it as simple as it is. To make yourself productive, acquire adequate knowledge, and later try to choose the best digital cryptocurrency whose chances of growth are calculative higher. Then you need to have legit cryptocurrency exchange before any investment commitment. If you are trying to enter into derivatives of cryptocurrency then again, you should have proper risk and fund management plan for buying and selling. Ultimately, the digital wallet is the place to keep your cryptocurrency. Each trader should need to take extensive care while selecting your assets that your earned money must lie at a safe place.

Conclusion

Billion-dollar treasures, mounting volumes, astonishing leverage, harsh different risk, peer to peer secret transaction and blockchain model-based are exceptional features making this crypto world more distinctive than other financial worlds. There are approximately 2580 coins with Market Cap: $265,307,448,694 on 3rd September 2019 where Bitcoin is holding solely 71.0 % of all together. All these sorts are bringing enormous investment in the crypto world because of which ample of opportunities are available to become rich. Traders can earn with a reasonable investment if in the right platform for the right crypto coin.

Cryptocurrency Trading & Investing Starter Guide

Introduction:

Cryptocurrencies are the cryptographically secured kind of digital currencies widely used in trading nowadays. Blockchain Technology is the method used that makes these currencies highly trustworthy and secured mainly because the digital ledger entries once made are irreversible. The market capitalization of Cryptocurrencies has reached 100 billion in just after 6 months since early 2017 from 15 billion dollars. Cryptocurrency is the currency of the future that is what people believe. Therefore for asset growth, people are now inclined towards investing and trading in cryptocurrencies.

Cryptocurrency Trading:

Cryptocurrency trading is done in 3 ways. Investors are buying and selling cryptocurrency with the help of their fiat currency; however, they can do the transaction through cryptocurrency itself if they have. Crypto to crypto is also available to trade through many exchanges. This kind of trading is available 24/7, which makes the cryptocurrency market more liquid and volatile. 

Consequently, more traders are jumping into trading for hedging or speculation. Cryptocurrency is safe and secured in the digital form and transactions are protected with multilayers securities system, but it is always suggested to trade through legit cryptocurrency exchange as several exchanges exist in the market which may not be genuine. Finally, your wallet must be much protected, and there is a different kind of wallets available, and you may choose as per your requirement and safety major where you can keep your crypto assets as long as you want. 

Investing Starter Guide: 

  • To know-how market runs

The market runs with the active involvement of buyer and sellers, and thus price moves on. There are plentiful market participants who help to provide the liquidity for the smooth running of cryptocurrency transaction. Those are exchange, clearing & settlement institution, Brokers, and traders. These all have their role in the crypto market, and some miners help for solving the problem in case of bitcoin transaction. 

  • To know legit broker and platform

There are various individuals or companies which try to provide cryptocurrency trading, but among those, most of them are fake, which attract customers with their Ponzi schemes. Therefore, you need to be very careful while choosing a broker or cryptocurrency exchanges. You should only go for authorized brokers or crypto exchange for avoiding any deceitful. 

  • To know the transactional mechanism 

Before deciding to start trading cryptocurrency, you must know all the fees for your trading pair or crypto coins and must be aware of all the hidden charges. Despite altogether these, you should ask the way of funding in and payout methods as well. 

  • Risk involved

If you are choosing the trade with the leveraged market for cryptocurrency, then you must calculate the expected loss in case of adverse market scenario because that may go beyond your assumption as this is a very volatile market. You should have a readymade plan for such a situation to minimize the risk.

  • Method of exit or settlement 

After buying the cryptocurrency, one can save cryptocurrency in your wallet as long as they want or they can choose to buy or sell to avail the price fluctuation speculative opportunity. It depends upon the investor’s way of a trading plan because someone may also keep for reinvesting or buying other things. 

Conclusion: 

Cryptocurrency trading is becoming popular day by day since inception due to various factors like security, safety, wider use, borderless acceptance. Since this is crypto trading which concerns about its security and legitimacy, thus you need to take intensive care for checking all the necessary points before coming into the crypto world. Investment in cryptocurrency may give good return within a period however you need to have adequate knowledge if you want to trade with margin trading and moreover, you must confirm shield twice regarding your wallets where you are supposed to store your cryptocurrency.

What is Cryptocurrency Trading | Unicoin DCX

Cryptocurrency is the digital and encrypted currency, based upon advanced blockchain technology. The transactions are very safe and secured from peer to peer. They refer these currencies as crypto, cryptocurrency, or crypto coin. There are many cryptocurrencies in the market, like Bitcoin, Unicoin, and Ethereum. Cryptocurrency trading is a process where traders try to take the opportunity of the price movement of the crypto coin through any legit exchange. It is similar to commodities or forex trading in modality. However, there are many differences while considering security and safety. Crypto trading is done using a spread betting or CFD trading account or buying and selling the underlying coins through a cryptocurrency exchange. There are 3 ways of cryptocurrency trading.

Fiat to Crypto Trading

You can buy the cryptocurrency by paying your fiat currency like American Dollar (USD), Great Britain Pound (GBP), and Canadian Dollar (CAD). There is a value for each crypto coins to fiat currency, and that keeps on fluctuating. So while buying, you need to put the exact amount of fiat against the cryptocurrency. This kind of trading is highly happening because traders feel comfortable to trade in their denomination.

Crypto to Crypto Trading

If you already have cryptocurrencies in your wallet, you can trade other cryptos by opening an account with any cryptocurrency exchange. Moreover, you can trade one crypto to another against the ongoing price. Trading crypto to crypto is popular among the crypto traders because they like to buy or sell bitcoin with an altcoin.

Storing Cryptocurrencies

If someone has gifted or transferred digital coins to their wallet, traders hold it for future use. Such traders don’t trade any cryptocurrency intentionally but generally, store what they have in their wallet. They consider this as one of the expensive fancy gift as well as future currency. There are many kinds of wallets available in the market to store the cryptocurrencies.

Spread Betting and Margin Trading In Crypto

Spread betting and margin trading are a derivative form of trading. They are similar to forex trading when you chose to trade via any broker or exchange. These kinds of trading facilitate the user to speculate the price movement of cryptocurrencies for dual benefits. User can buy or sell the crypto without having ownership, and they need to pay small transaction cost with minimal margin in their trading account. A trader can buy if price speculation to rise up and similarly they can opt for short sell if the price is falling as well.

Crypto trading is considered to be the safest because cryptocurrencies are based upon the blockchain. Each block is linked together with a network called cryptography, which restricts any error or manipulation. In recent years, crypto trading is getting the edge. The number of investors is increasing tremendously. Many governments are also allowing and giving license for crypto trading. Hence it is also called as future currency, where the central bank renders no command. On account of this, the quality of trading is snowballing. Ultimately, investors have to be updated with the crypto world, especially while buy Bitcoin and buy ethereum other Altcoins.

What is Ethereum | Unicoin DCX

Ethereum is an open-source, public, blockchain-based distributed computing platform and operating system featuring smart contract (scripting) functionality. It supports a modified version of Nakamoto consensus via transaction-based state transitions. Ethereum is the second most popular after bitcoin and getting edge day by day due to its simplicity in the mechanism. 19 years old programmer created a platform to store and perform computerized programs crosswise an international network of scattered nodes.

History

A Canadian programmer named Vitalik Buterin was involved in blockchain technology in 2011, and he founded bitcoin magazine with his partner. He started to think beyond the existing bitcoin technology for more simplification to use in the financial world. Finally, he released the white paper in 2013, stating that the general scripting language of Ethereum. Since then, it attracted investors and entrepreneurs to think about business activities. There was a massive movement in Ethereum and later, it moved up with 13000 per cent in 2017, which was the highest record. The growing value of ethereum forced investors to gauge the effects. However, it was speculators and other traders that were alarmed and sought precaution.

Technology Behind

Ethereum is programmed blockchain technology. Ethereum is working based on peer to peer protocol, which means this network can be accessed by many computers around the world. The modality of Ethereum is different than bitcoin because Ethereum users can use any own code, whereas it was not possible in other bitcoin technologies. The smart contract has all the stored coding system for their users. In Ethereum, they also run the Ethereum Virtual Machine (EVM). This Ethereum Virtual Machine is a supercomputer which is associated with all computing power of the nodes in the overall network system. To execute the smart contracts, the EVM takes small fees in exchange for the computational power consumed by the digital smart contract.

Buying Ethereum

1. Open account in cryptocurrency exchange

Interested person or the user may open a trading account in any digital currency exchange like Unicoin DCX. This is the first step to comply with the formality and to get an authorized user id and password.

2. Fund the fiat currency

After opening the account, you need to transfer the fiat currency to your trading account. There are specific fiat currencies which are acceptable, and can you can transfer it into your legit account.

3. Login in the trading account to place order

You can use your credential to log in to your trading account then there are numbers of cryptocurrencies with the ongoing price. Therefore, you can choose an Ethereum pair and place the order to buy the desired quantity.

4. Save to wallet

After buying, you can store your Ethereum into your secured wallet. Later, when you want to use, you can use your wallet.

Importance

Ethereum is very popular among technology developers and entrepreneurs. They take the help of Ethereum to create a decentralized business which is not in existence before. This smart contract is prioritized to eliminate third party or middle man to save the transaction cost. Supply chain management and crowdfunding are major areas where Ethereum is highly used. Nowadays, other industries are also entering the crypto world.

Conclusion

Ethereum is a substitute for bitcoin and with a more simplified version, helps users to take advantage of cryptocurrencies in the fast-moving world with fast-moving blockchain technology. Due to this smart contract, business transactions are more secured and cost-effective as well.

Ultimately, investors have to be updated with the crypto world, especially while buy Bitcoin and buy ethereum other Altcoins.

What is Bitcoin | Unicoin DCX

What is Bitcoin

Bitcoin is electronic cash, transferable, decentralized, and the transaction can be done person to person without any intermediary or central banks. Bitcoin is one among the popular cryptos in digital currencies, and it has high monetary value also. Transaction of bitcoin is irreversible, which makes it unique and salable in the financial market.

History:
Bitcoin is a virtual digital currency, and people assume that Satoshi Nakamoto invented bitcoins. However, there is no evidence for this, but he was a Japanese person who integrated numerous existing ideas from the Cypherpunk community to create the innovative bitcoin in 2008, and this bitcoin network came into existence in 2009. Nakamoto was the key person for producing the majority of the official bitcoin in the network. He used to publish all the information and modification regarding bitcoin on his technical forum of the bitcoin community.  Bitcoin whitepaper, released on 31 October 2008, and subsequently, the world got attention enthusiastically.

Technology behind:
Bitcoin, based upon blockchain technology where vast public ledger are disseminated all over the internet network. The blocks which are forming are in a secured, and definite chain and each block represent the confirmed transaction, and these blocks get entry into the whole system which can be seen and validated by the peer to peer computer network. In other ways, we can understand that each transaction is confirmed by the network nodes through cryptography and recorded in a public distributed ledger.  

Ownership:
Bitcoins creation is a reward for a process known as mining. You can exchange bitcoins for other currencies, products, and services. You can buy bitcoin from legit Crypto Currency Exchange. For that, you need to open one trading account. Then it would help if you put your allowed, fiat currency and you can buy bitcoin with the ongoing price. After purchasing, you need to place your coins into your secured wallet, which can be an offline or an online wallet as per your need. From buying to storing the bitcoin, you need a secured wallet to avoid hacking.

Importance Features:
·Usually, one block is getting added in every 10 minutes.
·100000000 Satoshi is equal to 1 bitcoin, and Satoshi is the smallest denomination of bitcoin.
·The total number of bitcoin can be generated up to 21 million and 16.7 million, which has been generated already among those.
·The Bitcoin transaction can happen without knowing to any third party.·No tax is levied by any government, but the service charge or transaction cost is involved.
·Transparent transaction based on network-based mining.
·Highly secured unchangeable ledger for accounting records of bitcoin.

Conclusion:
Many countries are using Bitcoin, and it has come up with regulation and license. However, due to its unique quality, it has been facing criticism for an illegal transaction, high electricity consumption, high price volatility, threat of stealing, but bitcoin is considered to be the king of all cryptocurrencies and investors are coming in huge numbers to invest into bitcoin-related projects or to trade this lucrative crypto coin. 

Ultimately, investors have to be updated with the crypto world, especially while buy Bitcoin and buy ethereum other Altcoins.

What is a Cryptocurrency Exchange?

What is a Cryptocurrency Exchange?

A cryptocurrency is a digital asset considered to execute as a medium of exchange that utilizes cryptography to protect transactions, control the generation of the further unit, and authenticate the transmission of digital assets, based on blockchain technology. There are Bitcoin, Ethereum, Ripple and other crypto coins as well.

A cryptocurrency exchange is a brand that is similar to digital currency exchange (DCE). Cryptocurrency Exchanges are online platforms that match buyers with sellers. Such exchanges would be referred with care as they need custody of your digital assets for allowing you to do trades. Meanwhile, this has broad inferences concerning the trading of altcoins and the trading of altcoins on a cryptocurrency exchange entails your characteristic lack of custody over your current digital assets.

Cryptocurrency Exchange is legit or regulated exchange in a specific geographic location. However, the trade might be carried out from any part of the world because it requires only internet connection, wallets, fiat currencies, and your trading platform. There are few famous names of cryptocurrency exchange like Unicoin DCX, Binance and much more.

How does an exchange work?

        1. First, you need to have one cryptocurrency exchange like Unicoin DCX, and then you have to deposit your fiat currency into the designated account.

        2. After the deposit, you can open trading software and place the order to buy cryptocurrencies as per the availability of the market depth.

        3. After buying, you have your cryptocurrencies in your wallet.

        4. The exchange charges a small number of fees for the overall transaction, for matching order, as well for security.

Benefits of Using an Exchange

A cryptocurrency exchange provides numerous benefits as compared to other direct party transaction and which are as follows.

       1.Secured transaction

       2.Reasonable buy and sell rates

       3.Good liquidity for buy and sell orders

       4.Variety of payment methods (direct bank transfer, credit card, debit card and other modes of e-payment)

       5.Built-in wallet services (Cold and Hot wallet)

A cryptocurrency exchange is similar to other commodity exchanges. In commodity exchanges, you can trade different type of commodities, and you can buy or sell cryptocurrencies through exchanges like Unicoin DCX, and much more. These exchanges take required security measurement for a safe transaction. There are various parties involved to carry out the business like the market maker or liquidity providers, traders, banks, and exchange itself. While choosing cryptocurrency exchange, you need to be careful and scrutinize everything like transaction fees, service charge, any hidden cost, and the security level. When you have an idea of entering into the crypto market, then cryptocurrency exchange would be the better platform to buy or sell digital coins in a safe way and with low transaction cost.

What is a Bitcoin Wallet | Unicoin DCX

What is a Bitcoin Wallet

A bitcoin wallet is like an online bank account where you can send, receive, or manage your bitcoin. A wallet is a programmed software where you can store your digital currencies like Bitcoin. To understand technically, the private key of Bitcoin’s address is stored in the wallet. Bitcoin wallet enables you to send and receive Bitcoin, and the remaining balance automatically regained to the wallet. The source through which you can program the Bitcoin wallet is desktop, mobile, web, and hardware. There are six main types of wallets.

Online Wallet
These wallets are cloud-based and are available on the internet. You can save your keys with encryption against any phishing or hacking. However, no one can give any assurance because hackers might attempt for stealing at any time. These wallets are readily available in the market.

Software Wallet
A software wallet is a programmed wallet where your keys are secured in a digital format and incorporated with a high level of security. These wallets are popular. However, the security level might compromise when connected to the internet.

Hardware Wallets
A hardware wallet, you can buy this wallet through the vendors, and those are generally a device, kind of pen drive or hardware devices where you can save your keys safely offline. No one can access your keys because it is detached from the online worlds completely, but when you try to connect online, you need to be very careful. There are several hardware wallets available in the crypto world.

Electronic Wallets
These software wallets can only be downloaded, or hosted in the cloud that gives security and storing capacity for your bitcoin. Most of the popular crypto exchanges provide electronic wallets.

Mobile Wallets
Mobile Wallet is simply an app which allows you to pay in the form of bitcoin against any other services. Mobile wallets stores your bitcoin and lets you to use it in any place while travelling. We can find mobile wallets on the internet, and as per your requirement, you may go for one of them.

Paper Wallets
Paper Wallet is the simplest and safest way to store your bitcoin keys where you can write down on any paper and keep it in a secured place away from water and fire. However, many bitcoin holders choose to keep their hardware wallet safe in a secure place offline.

These above discussions might help you for storing as per your convenience. However, you are always advised to get proper bitcoin wallet which does not compromise with security at all. Ultimately, investors have to be updated with the crypto world, especially while buy Bitcoin and buy ethereum other Altcoins.

Top Trending Cryptocurrencies to Buy | Unicoin DCX

Cryptocurrencies are digital assets that were introduced to carry out trustworthy and secure financial transactions with the help of cryptography. Cryptocurrencies can also be said as digital currencies that use encryption techniques to regulate the generation of units of currency and scrutinize the transfer of funds independently, without the interference of the central bank. The world of cryptocurrency is vast and these are the top 10 cryptocurrencies listed below:

  1. Bitcoin (BTC)
  2. Ripple (XRP)
  3. Ethereum (ETH)
  4. Bitcoin Cash (BCH)
  5. Stellar (XLM)
  6. Litecoin (LTC)
  7. EOS (EOS)
  8. Tron(TRX)
  9. Binance Coin (BNB)
  10. Cardano (ADA)

The Ascent of Security Token Offering (Or the end of the era of ICOs)

ICO’s are not something new to the people who know about cryptocurrency and that they would surely know how ICOs created issues in the past couple of years. Lack of rules & regulations resulted in scams worth millions of dollars through ICOs in 2018 that raised funds giving false promises to its shareholders. This has spoiled the prospects of a genuine upcoming cryptocurrency exchange that actually had a feasible product or solution to offer.Security Token OfferingSTOs are the next arising big thing in the unit of cryptocurrency and blockchain technology. The capabilities and the functionalities of blockchain improved with the introduction of STOs, that also took care of the shortcoming of ICOs. Overviewing the safer & legitimate investment plans offered with STOs, major corporates have also started showing a keen interest in this.

Unusual Acceptance

Even with a downtrend of almost each and every cryptocurrency asset after 2017, with Bitcoin and Ethereum leading the way up, the rate of unusual acceptance was not affected.Although many investors suffered a hefty loss with the market crash it was also the time when Cryptocurrency was in its hype and people from all sorts of life we’re talking about it.

The Impact of TRON Arcade

The gaming industry is at peak and stepping into next generation with augmented reality and virtual reality set to be a significant part of it and games based on blockchain may become a substantial part of what is yet to come and TRON arcade will definitely play a role in that.

Global Governments Recognition to Cryptocurrencies Transactions 

Most recently Cryptocurrencies are getting recognized as an authorized channel for the financial transaction by the governments around the globe. When legal currencies were losing their credibility, cryptocurrencies emerged as one of the reputed and trusted medium for exchange and it was worth using it.NASDAQ, Ethereum, Cardano2018 was very difficult for the cryptocurrency. Results were good at the beginning but at the end of the year, an approx fall of 400% was seen in cryptocurrency prices. It is expected that people might see some changes in the crypto results this year. The fall did not give an end to cryptocurrency, with upgrades of new advancements it is at the advanced level. Some of the most important developments to look forward in 2019 are,

  • NASDAQ’s listing of Bitcoin futures

It has been decided and it is true that NASDAQ will be listing to buy Bitcoin in futures. This will surely pave Bitcoin’s mainstream future.

  • Ethereum Upgrade

Ethereum will have approx of two major upgrades in 2019 — one of them will be ‘Constantinople’ at the start of the year and other in the later part of the year. Constantinople is yet to hit the world and it is designed to improve the efficiency of the blockchain and to decrease block reward, mainly to make the blockchain to be more ASIC- resistant. An upgrade with the implementation of Casper Protocol and Sharding is expected next. So, choosing to buy ethereum also a good choice.  

  • Cardano

In 2018, Cardano was the second most developed cryptocurrency and now in 2019, it is planning to release the features of the Shelley phase. In the development stages of Cardano, Shelley is a phase that is mainly focused on making the project to be fully autonomous. Advanced smart contract capabilities feature, that is suitable in enterprise usage is also expected to be delivered from Cardano, especially concerning transaction speed.Reduction in Mining Energy ConsumptionBasically mining need nodes that can lead to an extreme level of energy consumption. Bitcoin saw a massive reduction in energy consumption during a fall in price. If this trend continues in 2019, we will see a marked reduction in energy consumption.

Expansion of Crypto based credit cards

Even though the regulations have stalled the trading in some countries, people accepted cryptocurrencies in recent years. The acceptance of cryptocurrencies by people increases. People don’t prefer to lavishly spend their cryptocurrency, they wish to save it. Countless people started investing in crypto. And, here comes the concept of crypto-based credit cards. It paves a way to have your crypto and also use it in other forms like fiat currency.

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