What is VeChain token (VET) VeChain is a company founded in 2015. It provides comprehensive blockchain-based solutions for businesses and uses its VeChainThor blockchain to do so. The company has strong ties to Chinese industry. VeChain provides manufacturers, distributors and customers with the ability to control the quality of products, without the participation of third parties. It has its own blockchain network and VET cryptocurrency. There is also a utility token called…
@nervi in June 2021
What is Tether token (USDT) Tether is one of the most recognised cryptocurrencies right after Bitcoin and Ethereum. It is the most popular token belonging to the group of so-called stablecoins, i.e. cryptocurrencies tied to, for example, the dollar in a 1:1 ratio. This is exactly the case with Tether. It always aims for a price of one dollar and Tether Ltd. declares that each Tether token is backed by the US dollar. It is built on the BitCoin blockchain using the Omni Layer…
What is Ripple token (XRP) Ripple, formerly known as OpenCoin is a private company that owns the RippleNet payment and exchange network based on a distributed database called XRP Ledger. Ripple aims to connect banks, exchanges and payment providers to enable faster and cost-effective global payments. Ripple was first launched as a prototype in 2004 and a year later a system called RipplePay was launched. In 2012, the project was handed over and the technology company…
What is Polkadot? Polkadot - a revolutionary project to be the new Ethereum - this is what Gavin Wood, author of Polkadot, set himself. Today we will take a close look at this cryptocurrency. It is a project offering a platform on which programmers can create and combine blockchains. The whole network significantly facilitates communication between blockchains and connects them into one network. The aim of such a procedure is to eliminate the problem of today's blockchains…
What is Zcash token (ZEC) Open source project of payment network based on blockchain with own currency? Before you - Zcash The project is being developed by the American company Zerocoin Electric Coin Company with a patent for the name and logo of Zcash. The company's CEO is Zooko Wilcox. The Zcash network itself was launched on October 28, 2016. The main goal of Zcash (like Monero) is to be a cryptocurrency that ensures privacy and anonymity of the transaction. The idea of…
What is Lisk Lisk (LSK) is a decentralized cryptocurrency based on blockchain technology, on which decentralized applications, so-called dApps, can be built. It can also be used to build new digital tokens. Applications created on it can be programmed using popular programming languages, such as JavaScript. Blockchain Lisk also has its own cryptocurrency with the same name. The Lisk provides high scalability thanks to the use of sidechains. This application allows new tokens…
What is BAT token BAT, or Basic Attention Token, is a dynamically developing token and very fast gaining popularity. Let's take a closer look at this cryptocurrency. Basic Attention Token is an open source, decentralized platform based on Blockchain Ethereum network, with its own ERC20 token of the same name. The project is unique because it has its own web browser Brave (we will talk about this browser later), which can also be used by users without tokens. It was created…
Does the currency name matter in everyday life? Imagine the following situation. We get up in the morning, before work like every day we go to our favorite cafe for a hot Cappuccino. However, this purchase looks slightly different. Instead of a menu price of € 3 we see 10 different prices. Classic in dollars, euros and pounds and the remaining 7 are cryptocurrencies. Coffee for Bitcoin, Ethereum, Litecoin, EOS, Monero, Stellar and Dash. Who knows, maybe in a few or a dozen…
What is the future of cryptocurrency? **The most common topic for conversations when we talk about cryptocurrencies is their value. But is the price really the only factor that defines their existence?** Bitcoin 10 years ago costs about $1. Now it costs more than 30 thousands. Do these two periods differ if we talk about BTC? No. Why? Because we do not buy the price but goods. It does not matter if we buy a thousand BitCoins for $ 5 or 5 million. What is important is what…
What is Arbitration Trade? Arbitrage trading is one of the trading strategies with a low risk of capital loss. It takes advantage of price differences in markets, in this case cryptocurrencies. Most often it is on the plane of only one cryptocurrency, for example Ethereum, and trading it on different exchanges. When the price is X on one exchange and X-Y on another, it is an opportunity to perform arbitrage. This is one of the most popular strategies in trading and the ones…
How to avoid SCAM Airdrop? The cryptocurrency market has grown to such an extent that methods of earning some coins or tokens are the order of the day. One way is to **collect cryptocurrencies** by **performing so-called airdrops**. However, **it is important not to** fall prey to fraud and to distinguish between airdrops worthy of attention and fake ones. Before we get into the nitty-gritty, let me give you a brief introduction to what airdrop is in general and what it is…
Blockchain in everyday use The world of blockchain is growing faster and faster. Are we able to adapt it for everyday use? I think so, and all because of its easy implementation to different systems. Blockchain can be used for money transfers, data library, various hosting or even games. The first example comes to mind are online shopping. In such a blockchain we would be able to find any of our purchases whether it's private or public. Everything would depend on our choice.…
BNB Vault - investing for beginners If you are unfamiliar with investing in cryptocurrencies in ways other than playing the stock market because you don't know how or are afraid of losses, I have an intermediate solution for you. Today, we will not cover investing in DeFi projects or Pool swap cryptocurrencies. We will deal with BNB Vault - a comprehensive solution offered to us on the Binance exchange. Let's get started! Before we get into how to start investing I will…
How to increase your profits 3-fold with Auto-Compounding While browsing through the new projects I noticed the DeFi **autofarm** project, which brings together many DeFi projects in one place. This gives us access to see the best possible solutions for our tokens. Today I will show you how in a few moments I will earn 3 times more thanks to a mechanism called Auto-Compounding. On PancakeSwap I had a BUSD-FOR Liquidity Pool added. The current APR is 188%. I invested some…