read.cash Log in

@TikurCrypto

Joined 28 September 2022 · 139 posts

I find everything that involves Crypto and Blockchain Technology very interesting so I like sharing information regarding them...

120 KT

0 KT · 6¢ received · 0 KT · 64¢ given

Posts

@TikurCrypto

Some Owl species have asymmetrically set of ears, one ear is higher than the other which helps them identify the exact direction to their prey.

@TikurCrypto

Chess Boxing is a sport which players take turns playing chess followed by a round of boxing. One wins either by a checkmate or a knockout. Anybody here tried it??

@TikurCrypto

Will Polygon zkEVM Help with $MATIC Price? Due to the current market conditions Polygon's MATIC price is having a hard time breaking the $1 resistance. If you are a fan of Polygon like me, seeing the platform's progresses throughout the years and its partnerships with major companies such as Mercedes and Adobe is very exciting. But the fact that the price of MATIC is still under a dollar is stressful. Don't get me wrong, I like the fact that the price of the token is still acceptable considering the current crypto climate but I'm wishing the price will rise by some margin. Co-founder of Polygon, Sandeep Nailwal, recently twitted quoting David Schwartz that **Polygon zkEVM** is close to launch which is awesome. But what is zkEVM? What is Polygon zkEVM? To clarify first, **zkEVM** stands for **zero-knowledge Ethereum Virtual Machine**. The zero-knowledge (zk-rollup) technology is a layer 2 construction on top of Ethereum that solves scalability through mass transfer processing rolled into a single transaction. The "zero-knowledge" (zk) technology functions by minimizing data, boosting privacy and validating the correctness of rolled transfers on the Ethereum blockchain. zkEVM can be beneficial by: reducing transaction costs, increasing the networks throughput, maintaining high level of security, providing seamless implementations of existing smart contracts and providing scalable platform for new dApp projects.  How can zkEVM Affect the Price of MATIC? Great projects on any blockchain ecosystem will usually lead to further adoption of the technology which I think will also be true for polygon. The zkEVM mainnet is expected to be available in early 2023 and will hopefully lead to the developments of amazing dApp projects on Polygon. I think this will do wonders to the price of MATIC. The price will also depend on the flawless implementation of zkEVM or at least implementation with few hiccups. The perception of the projects by the users can also have a great influence on the price but at the end of the day, only time can tell us on how good this project is for the price of MATIC.   ***So what are your thoughts on the project?...... Let me know in the comment section.***     **If you enjoyed reading my posts, please follow me for more updates and do share your comments, I would really love to hear from you.**    **Disclaimer** I am not a financial advisor. The information found here are for educational purposes and cite my personal opinion. Sources: https://polygon.technology/solutions/polygon-zkevm https://unsplash.com/photos/OXETmlX8uMA

@TikurCrypto

In Mexico, artists can pay their taxes with artwork. I wish this was possible in every country.

@TikurCrypto

In Malaysia, there is a restaurant that has a discount based on how thin you are. I probably can get a 20% discount, how about you guys?

@TikurCrypto

Anatidaephobia is the fear of being watched by a duck. I can't believe this is a real thing😄

@TikurCrypto

The Leaning Tower of Pisa lean because it was built on soft soil and uneven settlement occurred. But what's ironic is, this soft soil protects the tower from earthquake damage.

@TikurCrypto

The University of Al-Karaouine or Al Quaraouiyine is located in Fez, Morocco and considered to be the world's oldest university.

@TikurCrypto

Staking on DeFi Platforms There are many ways a person can use his/hers crypto to gain additional income instead of just holding it and expecting its price will go up. Some of these methods are trading, peer-2-peer lending, and staking on centralized or decentralized finance platforms. On this article we will only be discussing profitable staking on decentralized finance (DeFi) platforms but before diving into that lets clarify some things about staking and its risks.  What is Staking? Staking is a process of making your crypto work for you by locking it up in a proof-of-stake system in order to gain rewards. The proof-of-stake consensus mechanism is different form proof-of-work consensus mechanism as it requires locked crypto to verify and secure transactions on the blockchain. Not all cryptocurrencies can be staked, only those which have a proof-of-stake consensus mechanism can be staked. Few examples are Ethereum (ETH), BNB, Polygon (MATIC), Chainlink (LINK), Cardano (ADA), Polkadot (DOT) and Solana (SOL). You can also stake Stablecoins. Risks in Staking There are some risks that you should understand before getting involved with staking. **Liquidity Risk:** When you lock up your crypt by staking, you should first examine the liquidity and the market cap of the coin. Because if the coin turns out to be illiquid after you un-stake it, you'll have a hard time converting it into another token. **Market Risk:** The crypto market is always subjected to high volatility which may lead to your crypto's value to plummet. **Validator Risk (Slashing):** If a validator node doesn't validate a transaction correctly or if it misbehaves, you will be subjected to a penalty which affects you return. **Tax Risk:** The tax laws regarding crypto staking are still unclear so it is very important to do a deep research concerning the tax laws in your country beforehand. Staking on Decentralized Platforms There are great both centralized and decentralized platforms that offer staking opportunities but for now, let just discuss the decentralized platforms. **PancakeSwap** PancakeSwap is an Automated Market Maker (AMM) and a DeFi platform on the Binance Smart Chain (BSC) where users can participate in different staking opportunities. It was first launched in September of 2020 and it is now one of the most popular platform where users can earn by using its many liquidity pools. **Uniswap** Uniswap is based on the Ethereum blockchain and the first DeFi platform to introduce the Automated Market Maker (AMM). The platform first launched in November of 2018 and quickly became popular for providing unique and great features for staking. **Lido** Lido is a Decentralized Autonomous Organization (DAO) that provides liquid staking for its users. The platform first launched its staking app in December of 2020 for Ethereum but now it further provides staking opportunities for Solana (SOL), Polygon (MATIC), Polkadot (DOT) and Kusama (KSM). What makes Lido unique is that when you stake your coin, it gives you back an equivalent token (For example when you stake ETH, Lido gives you back an equivalent token 'stETH' which you can use across DeFi ecosystem) which solves the illiquidity problem of staking.   **1inch** 1inch is a decentralized exchange and a DeFi aggregator which offers users a great staking rates. After launching in 2019, the platform grew to offer many liquidity pools from multiple blockchains. **Biswap** Biswap is a decentralized exchange on the Binance Smart Chain (BSC) that offers great staking opportunities. It launched in 2021 by a team of 27 members and provides staking, yield farming, NFT marketplace and many more services on its platform. **Curve** Curve is a Decentralized Autonomous Organization (DAO) that launched in 2020 specifically for stablecoin. So if you what to stake your stablecoin, this is the right platform for you. Final Thoughts If you have a crypto sitting idly in your wallet, staking can be a great method to put it into work. But before that, you have to research and decide if centralized or decentralized platforms are right for you and you have to push your research further on which platform provides the best rates for your coin and align with your risk tolerance. **Please, always do your own research and assess the risks that come with that opportunity thoroughly!** ***So what are your thoughts?...... Let me know in the comment section.***     **If you enjoyed reading my posts, please follow me for more updates and do share your comments, I would really love to hear from you.**    **Disclaimer** I am not a financial advisor. The information found here are for educational purposes and cite my personal opinion. Sources: https://www.pexels.com/photo/a-woman-smiling-while-holding-a-paper-money-7594587/ https://www.pexels.com/photo/pensive-ethnic-man-listening-to-answer-in-paper-cup-phone-3760607/

@TikurCrypto

Japan is the number 1 country prone to earthquake because it is located in the Pacific Ring of Fire, number 2 is Indonesia.

@TikurCrypto

The first alarm clock was able to ring only on 4 AM. Which would have been bad for people like me who needs to set at least 3 consecutive alarms to get up.

@TikurCrypto

Africa is the only continent that is on all four hemispheres.

@TikurCrypto

Coinbase announce that it is pausing its short film trilogy based on the Bored Ape Yacht Club NFT. I was looking forward to it ;)

@TikurCrypto

I just found out that Antarctica is the only continent without any grassland.

@TikurCrypto

Apple's new policy concerning NFTs forced iOS Coinbase wallets not to support NFT transactions. This really sucks!

@TikurCrypto

Telegram is planning on launching a decentralized crypto exchange. Telegram also pointed out that it wants to amend the mistrust created by FTX. Personally, it will take me a long time before I start trusting new exchanges. What do you think?

@TikurCrypto

This crypto winter has hindered the growth of most coins but there are few that are still fighting back in an impressive way and among these coins is Litecoin. In the beginning of November, Litecoin was traded around $55 but on 30th of November, its price is around $78. This show its price has gained more than 37% during the last 30 days making it one of the few tokens with this kind of resilience. Here is a link to the full article: https://read.cash/@TikurCrypto/litecoin-has-led-the-charge-in-november-bd8ae22e

@TikurCrypto

Litecoin has led the Charge in November This crypto winter has hindered the growth of most coins but there are few that are still fighting back in an impressive way and among these coins is Litecoin. In the beginning of November, Litecoin was traded around $55 but on 30th of November, its price is around $78. This show its price has gained more than 37% during the last 30 days making it one of the few tokens with this kind of resilience. So I think it is worth mentioning few things about the token. What is Litecoin (LTC)? Litecoin first launched in October of 2011 by Charlie Lee based on the the Bitcoin Protocol. It was designed to enable instant peer-2-peer exchanges and have properties such as speed, security and low transaction fees. Due to its similarities with Bitcoin, Lite coin is sometimes referred to as "Bitcoin Lite" or "Silver to Bitcoin's Gold". Although there are similarities with the Bitcoin protocol, it uses different hashing algorithm, hard-cap and block transaction time to satisfy its design properties. **The Litecoin (LTC) Token in November** Litecoin is one of the cryptocurrencies that use the Proof-of-Work consensus mechanisms so user can acquire it through mining. There is a total supply of 84 million LTC and over 66 million have already been mined and in circulation. LTC registered its all-time-high price of $410.26 in 2021 and all-time-low of $1.15 in 2015. And during this bear market, LTC is performing considerably well. In the month of November, LTC's price managed to rise considerably surpassing the $80 mark on the 23rd. What makes this more impressive is that other major coins like Bitcoin and Ethereum are still struggling. Currently, LTC has a market cap of slightly over 5.6 billion and ranked 13th as compared with other tokens' market cap. Final Thoughts Throughout Litecoin's history, there were few events to take note of. Litecoin fully implemented the MimbleWimble Extension Blocks (MWEB) upgrade in May 19, 2022. This upgrade provided users the option to make their transactions more private, which created a backlash form regulators and some exchanges delisted the token.  It is also worth remembering that the token is still deep in the red when you see its price for the last year. Although the current records are great, the volatile nature of crypto and the current bear market makes it had to definitively say LTC will continue with its current form. But it is always great to recognize the little wins during this seemingly never ending bear market.  **If you enjoyed reading my posts, please follow me for more updates and do share your comments, I would really love to hear from you.**    **Disclaimer** I am not a financial advisor. The information found here are for educational purposes and cite my personal opinion. Source: **https://coinmarketcap.com/currencies/litecoin/** https://www.pexels.com/photo/woman-wearing-costume-with-katana-in-studio-6778709/

@TikurCrypto

Brazil has legalized crypto as a means of payment which is a huge step for the crypto world. Hopefully more countries will follow.

@TikurCrypto

Who are the Best Crypto Venture Capital Firms? Before starting to discuss the top crypto venture capital firms, I think it is best to clarify what venture capital is and how it works and used in the crypto universe. What is Venture Capital? To put it simply, Venture Capital (VC) is a private equity/fund that is provided to a startup company by big firms to gain a larger return. Because of the high potential growth of crypto startup companies, Venture Capital Firms (VCs) usually invest early to maximize their profits. Even though it is money that VCs usually provide, venture capital could also be in the form of technical and managerial expertise. VCs can further help with the marketing, public relation and navigating the legal and regulatory obstacles as well. Stages of Investment in Venture Capital **Stages of Investment in Venture Capital** **Stage 1 - Pre-Seed:** This is the earliest stage for investment and the startup company is usually just an idea. **Stage 2 - Seed Round:** This is the stage where investments occurs as the company is on its testing phase. The roadmap of the company is pretty much established at this stage which helps investors evaluate the company properly. **Stage 3 - Series A:** The company has proved itself at this stage, with a solid product and community behind it. Although the risk of investment is low at this stage, share prices wont be cheap. **Stage 4 - Series B:** At this stage the company has a huge user-base and any investments are used in expanding the company. **Stage 5 - Series C:** Investments at this stage are involved in taking the company international or to help the company diversify.   Best Crypto Venture Capital Firms **Andreesen Horowitz (A16z)** Andreesen Horowitz, also known as A16z Crypto is an American crypto venture capital firm launched in 2012 by Marc Andreesen and Ben Horowitz. The firm invests in companies which are in different stages, starting from Pre-seed to Series C. Andreesen Horowitz (a16z) has $35 billion in assets under management across multiple funds. The firm managed to successfully invest in hundreds of crypto companies such as OpenSea, Dapper Labs, and Axie Infinity, Near Protocol, and Uniswap. **Coinbase Ventures** Coinbase, the well known crypto exchange platform, has its own venture capital firm which is dedicated in investing on startup projects. The firm launched in 2018 and has now invested in a number of projects that includes Web3 infrastructure, decentralized finance (DeFi), NFTs, and metaverse technologies. **Binance Labs** After being found in 2018, Binance Labs funded and incubated a large number of startup companies. The firm's main goal is to provide assistance to projects which can help grow the blockchain ecosystem and creating communities that can help advance the crypto world. The firm invested in companies like Polygon, STEP'N, BitTorrent, Biswap, AnySwap and many more. **Digital Currency Group (DCG)** Digital Currency Group also known as DCG first launched in 2015 by Barry Silbert. The firms has 7 subsidiaries which are Genesis, Grayscale, CoinDesk, Foundry, Luno, TradeBlock and HQ. Digital Currency Group has invested in hundreds of companies to this day which includes Kraken, BitPay, Ripple, Coinbase, BitFlyer, ZCash and Circle. Final Thoughts Venture Capital Firms have a huge impact in the advancement of Crypto and Blockchain Technology. Great ideas can be supported and pushed to the next level with the help of VCs which in return can encourage entrepreneurship in the crypto world. The benefits of amazing startup projects can also be share in a wider scale.  Projects that are backed by VCs can also be a great source of investments. Crypto investors usually check which VCs are backing new projects to minimize the risk that comes with pre-seed and seed round investments. But it is also worth remembering that bad VCs can drag projects down as we saw with firms like Three Arrows Capital (3AC) this year. **If you enjoyed reading my posts, please follow me for more updates and share your comments, I would really love to hear from you.**    **Disclaimer** I am not a financial advisor. The information found here are for educational purposes and cite my personal opinion. source: https://a16z.com/ https://www.coinbase.com/ventures https://labs.binance.com/ https://dcg.co/ https://www.pexels.com/photo/young-woman-in-business-suit-sitting-on-bench-in-park-4962781/ https://www.pexels.com/photo/bills-capital-cash-cent-210679/

@TikurCrypto

Amazon is making an 8 episode TV-series that revolves around the rise and fall of FTX's Sam Bankman-Fried. Can't wait to watch it!!

@TikurCrypto

Privacy Coins are type of cryptocurrencies with a characteristics of anonymity and untraceability. The goal of these cryptocurrencies is to be used without exposing the user's activities on their blockchain systems. The amount of Privacy Coin traded will only be known by the parties involved, so any outside party will not be able to know or even trace the transactions. These characteristics made them very popular with user's who value their anonymity when dealing with crypto. Here is a link to the full article: https://read.cash/@TikurCrypto/what-are-privacy-coins-408f7504

@TikurCrypto

What are Privacy Coins? Privacy Coins are type of cryptocurrencies with a characteristics of anonymity and untraceability. The goal of these cryptocurrencies is to be used without exposing the user's activities on their blockchain systems. The amount of Privacy Coin traded will only be known by the parties involved, so any outside party will not be able to know or even trace the transactions. These characteristics made them very popular with user's who value their anonymity when dealing with crypto. How Do Privacy Coins Work? Even though there are numerous ways these coins obtain their anonymity, the main methods are: By generating new addresses for every transaction By mixing different transactions together and redistributing them By proving transaction without divulging information regarding the involved parties Which Coins are Privacy Coins? There are a number of Privacy Coins that are circulating at the moment but these are the best and well known:  Dash (DASH) Monero (XMR) Zcash (ZEC) Beam (BEAM) Grin (GRIN) PIVX (PIVX) Final Thoughts For people who value their privacy and anonymity, Privacy Coins provide the ultimate purpose. But it is very important to keep in mind their legality when using these coins. Countries like South Korea prohibits the trade of Privacy Coins on crypto exchanges, therefore, it is ideal to familiarize oneself with laws and regulations when dealing with these coins.    **Please share your comments and experiences regarding Privacy Coins, I would really love to hear from you.**    **Disclaimer** I am not a financial advisor. The information found here are for educational purposes and cite my personal opinion and it should be considered as such.

@TikurCrypto

What is Crypto Secure? MasterCard aims to provide easy and safe crypto investment experience for its users, hence the need for Crypto Secure. Crypto Secure is an innovative software that is designed to increase security by flagging suspicious transactions on crypto exchanges. Banks and other MasterCard provides will be notified when shady transactions take place when using this software, so that they will be able to block them before any loss occurs.

@TikurCrypto

What is Cardano's Stablecoin, Djed? Djed is an algorithmic stablecoin that is being developed by Cardano and COTI. Djed uses smart contract to ensure price stabilization and it is backed by the cryptocurrency $ADA. It functions by reserving base coins and minting and burning stablecoins. For more info, checkout the full article: https://read.cash/@TikurCrypto/what-is-cardanos-stablecoin-djed-4233d5e1

@TikurCrypto

What is Cardano's Stablecoin, Djed? In September of 2021, on the Cardano's two day summit, founder **Charles Hoskinson** announced that Cardano will be launching its own stablecoin called **Djed**. He further stated that Cardano will design the stablecoin and **COTI** will be the one to issue it. Djed have not yet launched but there are news that it will in few months time. So what is Djed? **What is Djed?** Before getting into Djed, I think it's great to start with Cardano. Cardano is a decentralized and open-source blockchain network that is best known for facilitating peer-2-peer transactions. It was founded in 2017 and was named after the Italian mathematician, **Gerolamo Cardano**. The platform also has its own native token called **ADA** which was named after another mathematician, **Ada Lovelace**. Moving on to Djed, **Djed** is an algorithmic stablecoin that is being developed by Cardano and COTI. Djed uses smart contract to ensure price stabilization and it is backed by the cryptocurrency $ADA. It functions by reserving base coins and minting and burning stablecoins. The whitepaper of Djed further states: "***Djed, an algorithmic stablecoin protocol that behaves like an autonomous bank that buys and sells stablecoins for a price in a range that is pegged to a target price. It is crypto-backed in the sense that the bank keeps a volatile cryptocurrency in its reserve. The reserve is used to buy stablecoins from users that want to sell them. And revenue from sales of stablecoins to users are stored in the reserve. Besides stablecoins, the bank also trades reserve coins in order to capitalize itself and maintain a reserve ratio significantly greater than one. To the best of our knowledge, this is the first stablecoin protocol where stability claims are precisely and mathematically stated and proven. "*** *(There is a link below for the full paper)* The main purpose of Djed is to be used by the entire Cardano network to pay transaction fees. Cardano believes that transaction costs should **not** be based on volatile gas fee and users should be able to predict how much transactions cost, hence, Djed.  **The Mechanism of Djed** As I stated above, Djed is on the Cardano network and backed by $ADA, so if a person want to acquire Djed, he/she have to first send the appropriate amount of $ADA to the smart contract to get the desired amount of $Djed. The person can also send $Djed to the smart contract in order to get the equivalent $ADA back. Checkout the video below for more info: https://www.youtube.com/watch?v=Dq_1DOrsXGU **Final Thoughts** According to Djed's recent Twitter post, the project will be launching in January of 2023 which is a good news for everyone who was looking forward to used the stablecoin. It might also be great for the price of $ADA which is currently losing the fight against the bear market. But after the catastrophic collapse of Terra, I have my doubts on algorithmic stablecoins in general. This doubts are also shared by other people and governments of different countries so I really **HOPE** Djed will perform unbelievably well and once again restore our trust on algorithmic stablecoins.      ***So what are your thoughts?...... Let me know in the comment section.***     **If you enjoyed reading my posts, please follow me for more updates and do share your comments, I would really love to hear from you.**    **Disclaimer** I am not a financial advisor. The information found here are for educational purposes and cite my personal opinion. Source: https://iohk.io/en/research/library/papers/djed-a-formally-verified-crypto-backed-pegged-algorithmic-stablecoin/ https://www.pexels.com/photo/woman-in-gray-tank-top-sitting-on-bed-3807772/

@TikurCrypto

We are at the cusp of the World Cup starting and things are getting exciting. During this time, you might have heard the price of Chiliz (CHZ) has shown substantial increase and wondering what this token is all about. What is Chiliz? Chiliz (CHZ) is a digital currency that is used by fans of sports teams around the world to purchase Fan Tokens on Socios.com. Here is the link to the full article: https://read.cash/@TikurCrypto/what-is-chiliz-chz-5a927ddd