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A extract the file with claymore 11.0 to a folder on the desktop for easy access open the folder to have a look at the files step 5.
A right click on start and then on the edit option step 6.
A edit the start.txt file and add these lines step 7 choose your desired pool from these recommendations you can also find better search results than these according to your region step 8.
A type in your full address instead of mining pool address step 9 save your start.txt file within new updates remember while saving select type as all files and step 10 once you save click on the clay.bat file to begin mining ethereum now let’s explore will the proof of state transition field trooper work the newly introduced concept of ethereum 2.0 the road maps plans to upgrade to proof of state consensus algorithm in which it will provide all existing miners authoritarian network with a limited time to earn a return for the investment this expected to be launched by the end of 2021 or the starting of 2022 it was supposed to be launched by october 2020 but the history of delays regarding this update is worth talking about nobody truly knows when ethereum 2.0 will be completed and introduced to the crypto mining world now when we know all about ethereum mining this makes me wonder if ethereum mining is profitable the profit of any crypto mining majorly depends on the cost of electricity in that particular area as a rule anything below 0.12 per kilowatt consumes in an hour is considered profitable you can mine ether and turn it into a vital source of income by analyzing these figures like hash rate of ethereum block reward number of blocks per day and the coin price of ethereum can also use an iterating calculator to figure out the daily revenue basing it on these factors or you can use this formula too the predictions are made that the ethereum price can rise and become more stable in the coming few years so it is an excellent opportunity to invest in and save an ethereum in this video we will explore ethereum 2.0 and will go through some of the fascinating concepts and components revolving around it so what is the ethereum network ethereum is defined as a blockchain based computing platform that enables its developers to build and deploy decentralized application ether is the cryptocurrency for ethereum used to build decentralized application smart contracts and make standard peer-to-peer payments it tracks and facilitates all the transactions and make sure they are cryptographically secure in the network ether basically acts as a fuel for the ethereum network so what is ethereum 2.0 ethereum 2.0 is a set of interrelated upgrades that will make the ethereum network more secure scalable and sustainable multiple teams from across the ethereum ecosystem have come together to work on these upgrades in ethereum 2.0 then what led to the region of ethereum 2.0 with growing popularity ether and the ethereum network has gotten more blocked by transactions currently it is capable of handling 15 to 45 transactions per second which is comparatively impressive but it is not enough to handle all of italian’s users worldwide also the high demand is affecting the driving up of transaction fees nodes power the ethereum blockchain network but currently its nodes are experiencing too much volume although the programmers working on the upgrade have claimed that making its nodes bigger wouldn’t be practical ethereum 2.0 intends to make the network more scalable to handle all of the activities on the ethereum network that makes us wonder what are the changes in ethereum 2.0 the two significant changes that will come with the upgrade are adopting proof of state and sharding adopting proof of stake ethereum blockchain implementations suffer from performance issues because they rely on a processing power intensive process known as proof of work to record and validate their transactions the problem with proof of works design is that it’s very inefficient ethereum 2.0 will solve these issues by transitioning its blockchain to a more efficient proof of stake system it will decrease the complexities faced by the network leading to massive throughput gains for the whole network sharding is a process that intends to enhance ethereum‘s efficiency and ability to scale in the current version of ethereum blockchain all data that is added to the chain undergoes verification by all participating nodes that means that the speed of its fluids participant limits the processing speed of the entire network sharding will increase the efficiency of the network resources by breaking data verification tasks among its set of nodes and each of them will be responsible for validating and verifying just the data allotted to them this will increase the network’s overall capacity and make it much faster and efficient than its outdated version so what is the current status of ethereum 2.0 research why ethereum 2.0 has been in research and development since 2014.
A it has actually been making some progress the beacon chain went live in december 2020 introducing the staking concept but still there is no official claim for the completion of this transition the next phase is mainet merging the beacon chain into the current ethereum network mining ethereum tokens will officially end in this phase and staking will become the primary way to create new tokens in the ethereum network the last part of the transition is expected to unfold in multiple phases like adding the sharp chains to give the ethereum blockchain network more capacity and efficiency to handle all of the demand and increased transactions per second although it has been a long road and there is still a good deal of uncertainty around the timing the ethereum developers do seem to be motivated and on their way to completing the whole transition so what is the future of ethereum 2.0 if executed properly this transition to ethereum 2.0 could be a total game changer it will create a modified network that could potentially process one lag transactions per second and a much more sustainable network without the energy intensive mining process and it will introduce smart contracts worldwide increasing the ethereum‘s network utility furthermore ethereum co-founder vitalik buduran once said that the issuance of new token should be highly reduced under ethereum 2.0 which could increase its demand given all these factors ethereum 2.0 seems to hold a bright future for ethereum blockchain network in the previous videos we covered what bitcoin and ethereum are let’s proceed further and have a look at how they both differ from each other did you know there are more than 1600 cryptocurrencies worldwide and among them bitcoin and ethereum have always been the top two most popular cryptocurrencies in the world by market cap also recently ethereum as well as bitcoin reached its all-time peak in worldwide trading according to decrypt.com everyday new companies like metoo and paypal are coming forward to invest in bitcoin and ethereum on march 7 2021 metoo confirmed that it had purchased 40 million in bitcoin and ethereum on the other hand people is about to launch a scheme with the public in purchase and sell cryptocurrencies initially featuring bitcoin and ethereum via paypal digital wallet but have you all ever wondered how they compare based on their similarities and differences in various aspects well before moving any further let’s have a quick look at how bitcoin and ethereum originated and made a benchmark in the economic system worldwide bitcoin was first introduced in 2009 by satoshi nakamoto to resolve cyber attacks double spending and eliminate the middleman between the transaction it led the first revolution of digital money which enables transparent and decentralized peer-to-peer transaction on the other hand ethereum came into the picture years after bitcoin it was first introduced in the late 2013 by vitalik buterin after that it was very quickly and widely adopted because it offered a platform to build and run applications without any downtime fraud or interference of any third party ethereum serves as a computing platform that enables its developers to build and deploy their decentralized application now let’s move ahead and see the difference between them which make them compete with each other in this economy this video will cover individual aspects for comparing ethereum and bitcoin‘s performance in that particular field first we will look into the introduction of ethereum and bitcoin then the algorithm they follow the programming language mining process of ethereum and bitcoin monetary policy transaction and availability of these two cryptocurrencies by time bitcoin has proved itself as a well-known cryptocurrency however ethereum with different functionalities is giving a quite tough competition to bitcoin but before moving ahead let’s have an introduction to ethereum and bitcoin ethereum is a platform that builds immutable smart contracts an application for its users without any centralized interference for bitcoin it is an alternative to fiat money or physical currency the main function of ethereum is to provide its users or developers with a platform to build smart contracts using dapps or decentralized application on the other side bitcoin only intends to be a medium of exchange of money and value stored in its blockchain network now let’s get started and move towards the first comparison which is algorithm ethereum uses the etas cryptographic algorithm for mining blocks in the ethereum network on the other hand bitcoin uses the she-256 hashing algorithm for mining blocks in the bitcoin network ethash algorithm is mainly used during the proof-of-work function proof of work is a small piece of data that is difficult to generate but easy to validate and satisfy certain network requirements sag 256 algorithm helps bitcoin users to protect all their sensitive data like private keys moving on the programming language of ethereum and bitcoin ethereum uses solidity solidity is a high level programming language used by ethereum for implementing smart contracts but in terms of programming language bitcoin keeps it simple bitcoin uses c plus as its programming language it is a stack based programming language used to give bitcoin software instructions on how to make transactions as we have covered the algorithm and programming language of both cryptocurrencies now let’s take a look at the mining process of both mining is a process in which transaction made are validated and added to blockchain public ledger in blocks and the people mining these blocks are called miners ethereum miners mine the unvalidated transaction using the proof of work method but it aims to switch to proof of stake because it will make its network more immune to centralization efficient and stronger support for the shared chain on the other hand similar to ethereum bitcoin miners also use the proof-of-work method to mine unvalidated transactions these method is enough to function in bitcoin network worldwide now let’s proceed towards the monetary policy of both cryptocurrencies but let’s first understand what monetary policy is monetary policy is known as the process of drafting announcing and implementing the plan of actions taken by the competent monetary authority to control the money supply and achieve goals that promote sustainable economic growth so italian’s policy is defined by the reward paid out by its protocol ethereum‘s monetary policies are best described as minimum issuance to secure the network therefore there is a constant trade-off between the transaction speed and security but bitcoin‘s monetary policy comprises two parts halving and block frequency halving event is when the reward of mining bitcoin is cut in half and it also cuts the inflation rate and the block reward is the number of bitcoins you get if you successfully mine a blockchain block the current block reward for ethereum is two ether per block and for bitcoin the block reward is 12.5 bitcoins per block also every 14 seconds a block of ethereum is generated and one block of bitcoin takes 10 minutes to generate monetary policies are considered to be fixed and non-inflationary due to this over time mining blocks will become more difficult next is transactions ethereum is a little bit faster than bitcoin with 30 transactions per second and it takes just a few minutes to confirm it on the other side bitcoin‘s transaction speed is 5 transactions per second and it can take up to 60 minutes or more to confirm either the currency of ethereum acts as the fuel for ethereum networks and bitcoin is only used as the value for real-world transaction to compete with already present electronic cash like credit cards and google pay it rem and bitcoin require higher productivity to attain widespread adoption not talking about the availability of both cryptocurrencies ethereum is not limited but it can occasionally reduce due to large network upgrades however bitcoin is limited to 21 million coins and as of today 18 million bitcoin is already used but in the end both bitcoin and ethereum being the top crypto currencies share a few similarities like both are decentralized and can be used to have a peer-to-peer transaction proof of work also both have a large network of independent nodes now let’s have a demo now let’s have a look at the media outlet website coindesk where we will see all stats related to bitcoin and ethereum in detail coindesk is a site specialized in digital currencies it is used to explore the news and price data related to cryptocurrencies and also explains how cryptocurrencies contribute to the evolution of financial system worldwide now see this graph this graph shows the change in bitcoin price in 24 hours duration this graph shows the gradual change in the price of bitcoin it started from 64 439.29 on april 14 at 12 p.m and right now by april 15 at 6 00 am it is at 63 189 the rate of change is minus 0.46 percent which shows the change in the price of bitcoin per hour let’s have a look at this graph of ethereum two the value of ethereum started at two thousand three hundred eighty eight point one three dollars on april 14 at 12 p.m and the current status on april 15 is positive with a value of two thousand four hundred forty two point three seven dollars with an increasing rate of four point six seven percent down below we have a metrics table that shows the change between the starting and ending value of ethereum the total supply of a cryptocurrency in 24 hours the total number of transaction that occurred and the average transaction fee for all these transactions now this graph shows the current status of cryptocurrency in usd dollars we can also see its value according to any centralized currency like euro or inr this graph shows the concentrating change in the value of cryptocurrencies every moment we can also access the data of trading from an hour to its lifetime recently we all have been hearing about a cryptocurrency famously known as dogecoin but what exactly makes it so different from others that almost every person is talking about it so let me tell you that dogecoin is an altcoin and an almost sarcastic meme coin that serves as a peer-to-peer open source cryptocurrency well that’s not enough so let’s dive down and understand the concept of dogecoin more precisely but before starting let’s have a look at why is it in the news since the beginning of the year 2021 dogecoin has surged more than 950 percent from less than half a penny to more than 5 cents per dogecoin then elon musk ceo of teslin corporation took his interest in it and tweeted too much concentration is the only real issue for cryptocurrency making the owner of the deutsche coin wallet a subject of attention later on other celebs like snoop dogg also started taking an interest in dogecoin and started tweeting and promoting it on social platforms which made dogecoin climb to a peak of 8.2 u.s cents and market capitalization of 10 billion dollars in this video we will come across the following topics first we will see the origin of dogecoin and then we will understand what is torch coin how does it exactly works and then we will see what led to the growth of dogecoin what are the areas of uses of dogecoin then we will figure out what is the current value of dogecoin today and lastly how can we buy it let’s start with the origin of dogecoin dogecoin was invented by two software engineers ibm engineer billy marcus and adobe engineer jackson palmer did you know that they never even met before combining the two most significant phenomena of the year 2013 bitcoin and deutsche well now let’s move ahead and see what is dogecoin dogecoin is a peer-to-peer open source cryptocurrency that provides its user a completely unknown decentralized and secure environment free from any third-party interference to make their transaction dogecoin was intended to be an altcoin and a meme coin inspired by shiba inu’s popular meme aka doge moving ahead let’s have a look at how it works to understand the workflow let’s take the example of two friends mark and susan mark owes some money to susan and now he needs to return it she thinks of an idea and decides to send her dogecoin instead of giving her physical money they both open their digital wallet account to pay her he needs two essential pieces of information first his private key and second her public key to get access to susan’s private key he needs to scan a qr code from his smartphone then the application alerts all the dogecoin miners around the world to proceed further with the process the dojo and miners validate where the mark has enough dogecoin to make the payment or not and after the validation process they approve the transaction request dogecoin miners race with each other to collect all the data of the pending transaction known as the nonce the miners then apply a mathematical function to produce the correct hash number for the particular nonce of the pending transaction the miner who successfully produces the correct hash number is rewarded with 25 dot coin in his account after that mark and susan gets a confirmation message that they request for the transaction has been approved and within 10 minutes the requested amount of dogecoin is credited into the wallet of susan thus the transaction is completed so what led to the growth of dogecoin dogecoin officially came live in 2013 and became an instant hit within the community of people who just wanted to play around the cryptocurrencies freely as i said earlier dogecoin was intended to be a joke for content creators but they were very well received it uses of internet forums like reddit and twitter adopted dogecoin and started tipping their content creators this usage of dogecoin made it surpass the trading value of the other cryptocurrencies specifically bitcoin in 2014.
A it also started doing charity work to introduce and promote themselves in the real world for example once they raise a fund of 55 000 for a nascar driver josh weiss and in return he printed the logo and 98 dogecoin over this race car eventually it almost became the mascot for what crypto should be let’s have a look at who uses dogecoin today many companies and firms like restaurants grocers web hosting products retailer ebook sellers and travel services uses dogecoin for transaction these are a few examples of companies in every sector that uses dogecoin grossers hello pets gamerheats.com for web hosting gamer for products retailer meltdown and noddex ebook seller cornell and travel services like bello leo dot id this makes me curious about the current value of dogecoin let’s have a look at that too according to the market cap today the current value of dogecoin is 0.059357 usd with a trading volume of 16 billion dollars the circulating supply of this cryptocurrency is 129 billion doge coins and the max supply of dogecoin is not available how can we buy dogecoin so to buy dogecoin we will have to follow a few steps step one open a digital wallet buy you coin is considered a perfect application for trading cryptocurrencies step two register your account step 3 complete your profile kyc by providing your identity and address proof like aadhaar step 4 add your bank account details step 5 secure your account by creating a convenient trading pin that is only accessible by you and step 6 there you go now you can start trading that is all about dogecoin currently we have heard a lot of buzz about the cryptocurrency dogecoin and the shenanigans of its community did you know that on 20th april 2020 dogecoin searched its value to one dollar making this day named after itself as the supporters of dogecoin were trying to amplify the value of it to make it one dollar but how is it done in reality how can we affect the value and availability of cryptocurrency well all this is done by a process called my name and this is what affected torch coin resulting in the rise of its value mining coins of the doj coin network is called dogecoin mining now let’s move ahead and see what’s in this video for you first we will have an introduction to what is dogecoin then we will figure out the net worth of dogecoin today we will understand what dogecoin mining is then we will have a comparison of mining process of dogepoint with a few other cryptocurrencies like bitcoin then we will dive into how to mine dogecoin in this segment first we will see types of dogecoin mining like pool and solo then we will see what exactly you require to start dogecoin mining what hardware and software you need for dogecoin mining and then we will understand a new concept of dogecoin mining which is dogecoin cloud mining and in the end we will analyze but the dogecoin mining is profitable or not so let’s get started and have a quick look at what is tote coin dogecoin is a peer-to-peer open source cryptocurrency that works on blockchain technology also it provides its users a completely unknown decentralized and secure environment free from any third-party interference to make their transactions doshon uses cryptography to secure all its transactions this makes me curious to know what is the net worth and availability of those dogecoin today according to market cap today the current value of dogecoin is 0.266247 usd dollars the circulating supply of this cryptocurrency is 127 billion dogecoin so that brings us to what is dogecoin mining dogecoin mining is a process of validating the data blocks of transactions by solving a complex mathematical problem and adding them to the dogecoin network each confirmation of transactions adds a new block to the deutsche coin network miners perform this process dot coin miners are a community of people who perform complex mathematical solutions on the transactions for mining dogecoin that makes me wonder what the difference between dogecoin mining and other cryptocurrencies mining process let’s have a comparison between dogecoin mining and the bitcoin mining process we will be comparing these crypto mining based on these factors first algorithm it is a set of rules that every cryptocurrency follows for mining new coins in the algorithm dogecoin mining uses script bitcoin mining uses she-256 script is considered a lot quicker and cheaper than the sg256 algorithm making mining easier for miners of the dogecoin network second is difficulty this represents the complexities and challenges faced by miners to mine each block of the blockchain of any cryptocurrency in difficulty dogecoin is two million seven hundred ninety eight thousand two hundred fifty two bitcoin is three trillion five hundred eleven billion sixty million five hundred 552 8999 thus it proves that dogecoin is easier to mine among other cryptocurrencies third is block time it is the time taken by a new block of transactions to be checked confirmed and added to the blockchain block time of dogecoin is one minute for bitcoin it is 10 minutes and at fourth and fifth we have reward per block and per block usd it is the amount in usd to the miner for each block added to the network block reward for dogecoin is 10 000 dogecoins per block which in usd is 27.36 dodge coins for bitcoin it is 12.5 bitcoin per block and in usd it is 86 391.63 bitcoins moving on finally we have reached the most crucial point of this video now we will have a look at how to mine dogecoin dogecoin can be mined in two ways the first one dogecoin pool mining and the second is solo mining a dogecoin pool is a group of people who share their computing power to mine dogecoin transaction data and get rewarded by equal share after confirming the transaction solo mining is when only one person does all the work of mining and confirming transactions the reward is awarded only to that person after confirming the transaction let’s have a thorough discussion of the difference between dogecoin pool mining and solo my name in dogecoin pool mining you have to mine as a part of it and pay fees in dogecoin solo mining you don’t need to pay any fees and your mine all by yourself also in pole mining you will only get a part of the reward earned by the pool one but in solo mining the total reward on will be received by you only as in pool mining many people work together so the mind blocks more often and on the other side solo mining could take a lot of time before one mine their first block in pool mining it takes less time to confirm a transaction as you work as a part of the pool community on the other hand in solo mining it can take much longer to confirm a transaction as you do all the work and there is a lot of competition so this was all about dogecoin pool mining and solar mining let’s proceed further and see what we need to start mining dogecoin but before we start mining we will have to make sure that we have these things with us a pc with any operating system like windows linux ubuntu etc a good internet connection and a digital wallet to store the dogecoins you mine which hardware and software can we use for dogecoin mining you will need your pc cpu which should be powerful enough to mine dogecoin a gpu or graphics card can also be used for mining dogecoin for example sapphire pulse radeon rx 580 asus rx vega 64 and many more stripped asic miner is programmed to mine strip based cryptocurrencies like dogecoin like bit main antminer l3 bwl 21 strip miner etc if you are new to dogecoin mining then using your pc cpu will be the right choice and cpu miner is the most appropriate software if you are thinking of mining using gpu or graphics card you can have a wide range of software some of the best software is buddha miner which works perfectly with nvidia products cgminer which works with most gpu hardware and easy miner is considered suitable for beginners script asic miners are considered to be very powerful hardware and multi-miner is excellent with this hardware moving ahead let’s understand what does coin cloud mining is dogecoin cloud mining is a mechanism to mine dogecoin using rented data centers without installing any hardware and related softwares it allows people to take an interest and participate in deutsche point mining at a very low cost making dogecoin mining accessible for a broader range of people worldwide since the doche coin mining process uses the cloud it reduces equipment maintenance or direct energy cost this whole concept of dogecoin mining brings me in front of one question is dotecoin mining profitable doj coin mining profitability can be analyzed based on power consumption hash rate and cost the dogecoin mining calculator is used to make it simple in this calculator the default value for the latest dogecoin mining hash rate and latest dogecoin difficulty target is pre-loaded for better results dogecoin mining’s reward is 44 lakh forty four thousand four hundred twelve point two five dollars per year that is fourteen million doge per year the block time for dogecoin is one minute which means the supply of dogecoin will never go down after deducting mining power costs and mining fees the final daily dose coin mining profit is 22.53 torch coin to usd with the profit margin of positive 81.72 also i think dogecoin mining is fun so that is all about dogecoin mining we covered what dogecoin is its value today and understood dogecoin mining and its concepts in the previous two videos now let’s proceed further and look at how to create a dodgeball wallet and how to use it let’s get started what is torch point dogecoin is a peer-to-peer open source cryptocurrency that works on a blockchain technology also it provides its users a completely unknown decentralized and secure environment free from any third-party interference to make their transactions torch coin uses cryptography to secure all its transactions now let’s proceed further and have a look at the process of how to buy dogecoin you can buy dogecoin by following these steps step 1 create a dotecoin wallet step 2 locate your specific dogecoin address which is a long area of characters that starts from capital d followed by any other capital character or any number and step three find a source that sells dogecoin and voila buy dodge coins so that brings us to what is dogecoin wallet a dogecoin wallet is something where you can stop store receive or send dogecoins technically it is very similar to a real live wallet dogecoin wallet consists of its public and private key connecting it to the distributed ledger over the dogecoin network you can use your wallet’s public key which also functions as your coin address for your bank account number for dogecoin where anyone can track the transactions made by maintaining the anonymity of the user the private key of your wallet is used to approve transactions in the ledger your wallet’s public key is used to receive dojoins from other users on the other hand your wallet’s private key is only used to send torch points to other users in the network so what are the types of doj coin wallet doch coin wallet is of two types digital torch coin wallet and physical dodge point wallet digital dodge coin wallet is accessible through the web and you can also download it according to your handset or operating system on the other hand physical doj coin wallets are pretty expensive and less accessible so moving on let’s see how to create a dogecoin wallet to create a dogecoin wallet for yourself you will have to go through the following steps step 1 choose the correct wallet those coin core wallet and multi-touch wallet have been created and are maintained by the developers team of dogecoin here we will be using the dojo core wallet as reference step 2 download and install the dogecoin wallet in your handset you can also use the official website of this wallet for your windows and step 3.
A open the dojo and wallet application and verify your dogecoin wallet address and that is it it is this easy to create and have your deutsche coin wallet now when you have your dot coin wallet in your hand let’s see how you can use it on the very bottom of the home page of your wallet there are two options request coins where you can request those coins from other users in the dojo network and send coins where you can send dodge points to other users in the dogecoin network to receive coins first click on the request coins button second enter the required number of coins you want to request and third have the below generated barcode scanned by the user you wish to request amount now to send coins first type the dogecoin wallet address to whom you want to send dogecoins enter the required amount you wish to send to that user and third click on send and there you go now you can use your dogecoin wallet whenever and wherever you want this makes me wonder why is dogecoin so popular despite being in tough competition with other strong cryptocurrencies like bitcoin dogecoin has never missed an opportunity to be in the limelight dogecoin’s popularity is mainly attributed to its vast and dedicated community other than that social platforms like reddit and twitter also promote a dogecoin to a great extent due to its fun factor and the whole joke story behind it celebrities like snoop dogg kevin jonas elon musk also started taking an interest in dogepoint and posting pictures and comments on their social media handles which increase the craze of dogecoin all around the world so this was all about dogecoin wallet now let’s have a look at the top five deutsche point wallets of 2021.
A these are the top 5 dogecoin wallets of 2021 ledger nano x trees model t kepkey binance and kraken kraken is primarily a cryptocurrency exchange platform but can perfectly act as a dogecoin wallet all you need to do is to register and then buy some dogecoins it is a very secure and reliable cryptocurrency exchange platform it charges a very low fees for every transaction taking place on it and it accepts a pretty decent amount of fiat money what comes to your mind first when you hear the word dogecoin i’m pretty sure either it’s a meme or elon musk well whatever we think of this cryptocurrency we can’t deny the fact that dogecoin started as a joke not turned into the crypto star of the future everyone one or the other way knows about dogecoin but do you know what makes it so unique and popular in this video i will take you through some amazing top 10 facts about dogecoin so let’s get started number one dogecoin has several safety levels security levels are partially based on the number of nodes of cryptocurrency dogecoin has 1090 nodes which makes it irresistible to hacking plus sometimes the traffic increases in the dogecoin network making it more vulnerable to its security number two huge and interactive community of followers among all of the cryptocurrencies those coin today has the biggest community of followers they genuinely believe that dogecoin will rule the future and this unity proved to be an advantage for dogecoin for instance once china banned all the payment companies dealing with bitcoin which led to the increase of dojo and reddit users up to 19 000 in just two weeks thus the price of dogecoin escalated to 300 percent those coins followed provide full support to dogecoin and atkin unity to try every bit to make it more popular and grow once they raised a fund of 55 000 dollars for a nascar driver john weiss who in return covered his entire car with dogecoin and reddit alien images such a beautiful family number three dogecoin is the easiest to buy the platform for cryptocurrency exchange provides the most convenient ways to buy dogecoin all you need is to create a digital wallet which can be done on any cryptocurrency exchange platform’s official website and choose a reliable exchanger like kraken or coinbase and you will also need some bitcoins to exchange it with doge that’s it it is this simple to trade dogecoin now you can get rolling with bang dogecoin number four dogecoin wallet inspired by lucky coin dogecoin was based on lucky coin as both of them use the script language to make dogecoin more ridiculous palmer and marcus added a weird feature to the dogecoin wallet stating that its miner could receive either 0 or potentially thousands of free coins to produce new blocks inspired by one of the quirky features of lucky coin after a while they changed the block reward to a fixed number of 10 000 to make it more feasible well i think dogecoin needs to be a little different from these cryptocurrencies as it holds a different history of origin and growth to maintain the faith of its community it needs to upgrade itself a bit number five largest circulating supply of the coin dogecoin in the crypto market holds the position of the largest circulating supply of coins since both the founders of dogecoin wanted it to be a ridiculous joke they thought of generating as many dogecoin unit as possible therefore they ended up making a circulating supply of 127 million dogecoin which is relatedly higher than the volume of other cryptocurrencies like bitcoin or ethereum till today almost 113 billion dot coins are already mine every day 10 000 new dogecoins are released in block rewards every minute roughly 14.4 million new dogecoins entering into the circulation every day therefore 5.2 billion dogecoins per year dogecoin mining process is one of the fastest at least 98.9815 dogecoin can be mined every day deutschland uses script encryption which cannot be harvested using asics making it easier and faster to mine other than cryptocurrencies like bitcoin also the block rate is one block per minute this provides an excellent opportunity for miners to mine more blocks and earn as many block rewards as possible and miner can make make at least 10 000 dogecoins as a block reward number seven market capitalization over 435 million dollar when dogecoin was first introduced to the crypto world it was supposed to be taken as a joke but the people very well received it this led its more value than 435 million by 2017 i don’t know about others but this value of money is a lot imagine if you had invested 1 000 on torch coin in january 2017 and then sold it all after a month do you know how much money you would have earned almost 22 000 today the market cap worth of dogecoin is 70 billion dollars making it the fourth most valued coin number eight huge fan following in the entertainment world dogecoin seems to have gained a lot of popularity among celebrities like snoop dogg kevin jonas gene simmons and elon musk recently kevin jonas the eldest jonas brother posted saying all i was saying doge showing his interest in dogecoin gene simmons from the classic rock band kiss also made a massive revelation that he owns six figures worth of dogecoin well some have been posting funny pictures or comments to promote this crypto over social media and some have been trying to change the perception of people for dogecoin number nine widely represented on social media dogecoin has been widely represented on social media since its origin platforms like reddit and twitter adopted dogecoin in its initial days and started promoting it by tipping dogecoin to their content creators which turned out to be a massive success for dogecoin dogecoin began to catch the attention of every user on these platforms i feel twitter has been a slam book for torch coin as every day one or the other person tweets about dogecoin there later other platforms like tick tock also started developing their interest in dogecoin in summer 2020 tick tock introduced a dogecoin challenge to encourage people to invest in dogecoin number 10 elon musk the flag bearer of dogecoin when deutsche wan is mentioned how can we not talk about tesla ceo elon musk but the question is what makes him love dogecoin so much recently one of his followers tweeted and asked him why do you love dot so much he reacted that he loves dogs and loves memes he has been so active with dogecoin by constantly tweeting about it his first tweet was torched to the moon which grabbed the attention of both the followers of elon and followers of dogecoin this led to the overnight increase in the price and popularity of dogecoin later he posted a still from lion king movie which with his face in place of rafiki holding simba with the face of dogecoin stating that he will always have dogecoins back his most recent tweet was on wednesday may 5 2021 the dogecoin father snl may 8 which is a reference to both his constant tweets on dogecoin as well as his appearance on saturday night live on may 8 2020.
A in the previous few videos we learned about what dogecoin is and we also had a comparison between ethereum and bitcoin in which we talked about their features and concepts behind the mechanism but in this video we will compare and contrast dogecoin bitcoin and ethereum based on a few related concepts around these cryptocurrencies it will help us understand the functioning of these top cryptocurrencies and will also let us figure out the individuality of each one of them dogecoin was intended to be an altcoin and a meme coin inspired by shiba inu’s popular meme aka doj but it was very well received by everyone in the crypto world and today it is the fourth top cryptocurrency dogecoin is a peer-to-peer open source cryptocurrency that provides its users with a completely unknown decentralized and secure environment to make their transactions bitcoin led the first revolution of digital money in 2013.
A bitcoin enables transparent and decentralized peer-to-peer transaction bitcoin is designed to be an alternative to national currencies and intends only to be a medium of exchange and value storage it comprises of features like a public ledger immutability and high transparency making it a great platform ethereum came into the picture years after bitcoin ethereum offered a platform to build and run applications without any downtime fraud or interference of any third party ethereum serves as a computing platform that enables its developers to build and deploy their decentralized applications using smart contracts through its currency ether or eth the primary function of ether is to help developers build smart contracts using dapps or decentralized application now let’s move on the comparison between dogecoin bitcoin and ethereum we will be comparing them based on few major parameters like algorithm programming language mining process monetary policies transactions today’s value and availability so let’s move ahead and start with the very first comparison the algorithm dogecoin uses stripped cryptography for mining the blocks of the dogecoin network in comparison bitcoin uses the sha-256 hashing algorithm for mining its blocks in the blockchain network ethereum on the other hand uses the e-dash algorithm for mining its transactions strip language is a password-based key derivation function that is mainly used to avoid customized hardware attacks by raising the resource demands of the algorithm she 256 algorithm helps bitcoin users protect all their sensitive data like private keys or transaction details and help maintain the anonymity of the user for a much secure performance of e transactions algorithm is mainly used during the proof of work function proof of work is a small piece of data that is difficult to generate but easy to validate and satisfy specific network requirements moving on the following comparison programming language dogecoin is considered to be an all coin for bitcoin vote dogecoin and bitcoin use the same programming language c it is a stack based programming language used to give bitcoin and dogecoin software instructions on how to make transactions on the other side ethereum uses solidity which is a high level programming language used by ethereum for implementing smart contracts now that we have covered programming language and the algorithm of these cryptocurrency let’s get to the following very important parameter which is mining process but before getting started with the comparison first let’s understand what mining is mining is a process in which transactions are validated and added to the blockchain public ledger in blocks and the people mining these blocks are called miners in terms of the mining process also dogecoin and bitcoin use the same method to verify and validate the pending transaction in the networks and that is proof of work although ethereum miners also mine the unvalidated transactions using the proof of work method it aims to switch to proof of stake because it will make its network more immune to centralization energy efficient and more vital support for shared chains now we have come to the following person which is monetary policy monetary policy is known as the process of drafting announcing and implementing the plan of actions taken by the competent monetary authority to control the money supply and achieve goals that promote sustainable economic growth dogecoin’s policy is defined by its block rewards paid to its miners whereas bitcoin policy is defined by two processes having and block reward having event is when reward of mining bitcoin is cut in half and it also cuts the inflation rate and the block reward is the number of bitcoins you get if you successfully mine a blockchain block an ethereum‘s policy is defined as minimum issuance to secure the network that is there is a constant trade-off between the transaction speed and security dogecoin’s block reward is 10 000 for mining one block bitcoin‘s block reward is 12.5 for mining each block and which is said to get reduced to 6.25 by 2024 and ethereum‘s block reward is 2 ether per block dogecoin takes one minute to generate one block bitcoin takes 10 minutes to generate one block and ethereum generates one block every 14 seconds well monetary policies are considered to be fixed and non-inflationary due to this over time mining blocks will become more complex now moving on to the following comparison which is transactions dogecoin is the fastest and can complete 70 transaction in one second and takes just two to three minutes to confirm a transaction bitcoin can complete up to five transaction in one second and takes 10 minutes or more than that to confirm one transaction an ethereum can complete 30 transactions per second and it takes just a few minutes to confirm it dogecoin is majorly used for tipping content creators on social platforms like reddit and twitter bitcoin is only used as a superior alternative for fiat money and is used primarily for real-world transactions on the other hand ether the currency of ethereum acts as the fuel for ethereum networks now that we have covered all about transaction process of these cryptocurrency let’s have a look at the value of dogecoin bitcoin and ethereum in today’s date the value of dogecoin on today’s date is 0.2992 dollars bitcoin being the highest is thirty four thousand eight hundred fifty seven point five eight an ethereum holds a value of two thousand three hundred fifty six point five eight dollars now we have reached the last comparison of dogecoin bitcoin and ethereum which is availability the circulating supply of dogecoin is 127 billion bitcoin very low as compared to dogecoin is just 21 million in circulation ethereum on the other hand is said to be unlimited but till today the circulation supply of ethereum is 115.6 million till today 113 billion dogecoin has already been mined for bitcoin 18 million bitcoins are already mined and for ethereum roughly 36 million ethereum has already been mined in this draft you can see the red box on the right side of the graph shows the maximum supply of dogecoin on the extreme left you can see first the options that you can use according to your requirements like if you want to know about dogecoin you can go for the first option that is www.dogecoin.com which will lead you to the official website of dogecoin if you want to chat with the executives of coin market regarding dogecoin then you can go for the fourth option which is chat before that is an address for binance address through which you can keep a track of dogecoin’s value on that platform and you can also change it according to your choice by clicking on more right beside the more option you can see the market cap value of dogecoin which is thirty eight billion thirty eight hundred forty nine million four hundred sixty nine thousand ninety eight it is the total value of dogecoin in circulation beside the market cap option you can see fully diluted market capitalization which is 38 billion 700 795 9006 it is the capitalization when max supply of dogecoin was in circulation and on the right side just before total supply you can see the volume of dogecoin one billion seven hundred seventy nine million four hundred seventeen thousand six hundred forty seven it is the value of dogecoin traded in 24 hours next is bitcoin similar to dogecoin you can see the red box on the right side of the graph shows the maximum supply of dogecoin on the extreme left you can see first the options that you can use according to your requirement like if you want to know more about bitcoin you can go for the first option that is www.bitcoin.org which will lead you to the official website of bitcoin right beside the more option you can see the market cap value of bitcoin which is six hundred fifty one billion seven hundred thirteen million ten thousand seven hundred fifty three it is the total value of bitcoin in circulation beside the market cap option you can see fully diluted market capitalization that is 732 billion 387 million two hundred sixty two thousand six hundred ninety and on the right side just before the total supply you can see the volume of bitcoin that is thirty billion two hundred forty nine million nine hundred nine 939 865.
A ethereum is no different from dogecoin and bitcoin in this also you can see the total supply of ethereum also you can visit the official website of www.etherium.org to explore more about ethereum you can have a look at the market cap value of ethereum which is 273 billion 755 million 500 86534 the fully diluted market capitalization is 273 billion 576 million 987 049 the volume of ethereum traded in 24 hours is 24 billion 100 1 779 3446 but in the end all these top cryptocurrencies deutsche coin bitcoin and ethereum share a few similarities like they all are decentralized all three cryptocurrencies are free from any third-party interference or any centralized authority and can be used to have secure and independent peer-to-peer transaction maintaining the anonymity of the user and proof of work that is all their transactions are verified and validated before processing after complete verification further transaction process takes place also all of them have a large network of independent nodes meet susan an aspiring painter she wishes to conduct an online painting exhibition for all her digital artworks however as the exhibition is online she is worried that her paintings won’t be secure as anyone could easily forge or replicate them her friend mark came to her rescue with an idea of nft he suggested that susan could buy nfts for all her paintings as nfts are trustworthy easily transferable and will also maintain her ownership rights on her artworks susan had no idea what nfts were so mark stepped ahead and explained it to her nfts turn your digital assets into one of a kind by creating a unique digital signature which defines the ownership of your assets and that can be bought and sold for real money cryptocurrency or any other asset like a non-fungible token aka nft non-fungible tokens means that they are not interchangeable and each of them represents unique assets owned by a specific person on the other hand fungible tokens are interchangeable and can be divided into smaller units to form the same value for example a one hundred dollar bill is fungible as you can exchange it with five twenty dollar bills or two fifty dollar bills but the painting of the last supper is non-fungible as it cannot be generated in bulk even if it is copied it will not be authentic each nft contains distinguishable information like who owns the digital asset and who sold it making them distinct and easily verifiable as it is impossible to forge such a certificate it will secure her painting’s originality after learning what nft is susan was curious to know how exactly nft works nft basically creates a blockchain based digital certificate for your digital collectibles including games music art and many more this certificate gives your artwork a unique identity the underlying technology and the programming language used by nfts are the same as other cryptocurrencies such as blockchain and the programming language ethash or script nft majorly exists on ethereum blockchain the distributed public ledger that records all the transactions however nft is quite different from these cryptocurrencies bitcoin and ethereum are fungible tokens which means if you trade bitcoin or ethereum for one another you will have the same value or item in return basically money on the other hand nft is a unique token therefore if you try to trade it you may end up with something completely different in your hands crypto punks is a remarkable example of nft it enables you to buy sell and store 10 000 collectibles with the proof of ownership being stored on the ethereum blockchain after exploring helen ft’s work susan was convinced and bought nfts for all her paintings due to this her artworks were secured from any kind of forgery and also gave her artworks a particular value this contributed to increased sales too as everyone was easily able to buy the artwork without any fear all in all her exhibition was a complete success similarly nft has proved itself to be a boon in the lives of many others like jack dorsey the ceo and co-founder of twitter with his very first and famous tweet just setting up my twitter and vignesh sundarsen famously known as medicovan who bought 69.3 million dollars worth of nft art on people owing to its increasing popularity people are now willing to pay hundreds of thousands of dollars for nfts nft has enhanced media exposure and special perks for aspiring artists like susan on social media this popularity of nft creates new opportunities for new art platforms motivating people to buy art from internet platforms and promoting copyright or originality of digital assets so here’s a question for you what makes any item non-fungible a exchangeability b unique digital signature c tradeability d distributed public ledger please give it a thought and drop your answers in the comments section below many experts in the crypto industry say that around 40 of new crypto users will use nfts as their entry point as a result of its growing popularity nft could represent a more significant part of the digital economy in the future in this video we will explore about shiva in a coin and we’ll go through some of really exciting concepts and components revolving around it so how did the shiva inucoin originate the shiva inu coin was created in august 2020 by an anonymous person calling themselves ryoshi an indian it was intended as an altcoin of dogecoin which itself was created as an altcoin of bitcoin and this meme coin has been named after the japanese dog breed shiva inu it feels like the sheba in a coin was built into existence and is now insanely popular among major crypto exchanges through the power of its following crowd memes and a very cute dog now we know how it originated so let’s have a look at what is sheba in a coin shiva inucoin is a decentralized community building cryptocurrency or we can say an experiment developed within the shiba inu ecosystem and built on top of the ethereum blockchain network like many other coins it is a meme coin launched as a rival of dogecoin or doj killer both dogecoin and sheepcoin were made in a humorous manner but sheepcoin has already taken over some dogecoin markets attracting a lot of attention and rising as a popular choice among investors especially after such market crash of cryptos like bitcoin and ethereum but what is the difference between sheba and coin and dogecoin although both shiva inucoin and dogecoin are meme coins and share the same tree of origin both of them differ a lot from each other at the same time and the very first difference between them is the sheep coin is a token and dogecoin is a currency let’s have a look at more of those major differences like this first is development shiba inu coins or sheep coins are built on and powered by the ethereum network while dogecoin has been developed using the same technology as bitcoin then is use cases shapecoin is still working upon price more due to its high popularity than utility but on the other hand dogecoin has already established itself to some extent as a medium of online payments there is value according to my coin market cap the current value of sheep coin is zero point zero zero zero zero zero seven three seven eight dollars and that of dogecoin is zero point two six one seven one one dollars and at last availability the availability of sheep coin till today is 394 million and for dogecoin it is 130 billion now this definitely raises a question in my mind why is she buying a coin so popular shiba inu coin is majorly popular because of two reasons tesla founder elon musk has tweeted recently expressing that he would like to own a shiba pub that hyped the crypto market and its prices rose by 300 percent on the other hand its prices fell by around 40 after the founder of ethereum blockchain network vitalik buterin donated 50 trillion shebang coins to indian government for corporate relief fund of an indian crypto entrepreneur sandeep naival so now that we know about sheba in a coin and its concepts let’s have a look at what is the future of shiba inu coins though shiva coin is only known as a meme coin its increasing popularity and people’s interest and participating in it is pointing towards a different but bright future according to investing cube.com the sheba coin is predicted to rise again although there isn’t much movement among this token and its value active buyers could help its value rise the value could rise to 0.000 1040 in a more active buyers market although it may not appear to be a significant amount due to its popularity in future it can have a significant influence over large investors of the crypto market in this video we will explore some of the interesting and important aspects of solana crypto first we will understand what is salaana then we will look into what is a soul token or sol token then we will explore when and how did it originated after which we will look into some of the features of solana then we will explore what type of consensus method does solana use after which we will understand how solana works then we will explore the current price and volume of solana in today’s date after that we will look into the future of solana holds for itself and at last we will look into real-life uses of celana so without doing much ado let’s start the video let’s explore what is solana solana is a cryptocurrency that is used to pay for transactions or a decentralized computing network solana attempts to increase blockchain scalability by combining proof of stake and proof of history consensus as a result solana promises to be capable of processing 50 000 transactions per second while maintaining decentralization now the question arises what is the sl token or soul token sonata’s ecosystem uses the sl token as its native currency as a result the token can be transferred between nodes in the salana cluster in exchange for running on chain programs or certifying the results it can also be used to make micro payments known as lamp ports now when we are talking so much about solana crypto let’s also dive down and explore how and when exactly it came into existence anatoly yakovenko established the solana platform in 2017.
A before launching solana yakovenko worked at balcom after working as a software engineer at dropbox he has a wide spectrum of knowledge with compression methods he developed a new method of dealing with typical throughput difficulties in the bitcoin and ethereum blockchain with the help of eric williams and solana’s cto greg fitzgerald they intended to develop a trustless distributed protocol with increased scalability the team now has experience from leading companies around the world including apple google microsoft intel twitter dropbox and others now that we know what solana is and all about its background let me ask you a question recently solana joined hands with two foundations to raise a fund of 5 million dollars to encourage the next wave of creators and fans onto crypto networks so comment down your answers in the comment section below to know the correct answer to this question watch this video till the end moving on let’s talk about its features which makes it unique and popular scalable solana uses proof of history and a number of other groundbreaking features to allow the network to scale at the rate of moore’s law low cost for applications with billions of users solana is designed to keep fees low so you will never have to worry about rising fees as your user base grows composable the single global state of solana guarantees project composability multiple shards and layer 2 systems should never be dealt with so we have heard a lot of references to proof of history but what exactly is it that we will discuss within the type of consensus method solana uses the solana network which has 200 physically different nodes can handle a throughput of more than 50 000 tps when using gpus is one of the most performing permissionless blockchain unlike bitcoin which employs the proof of work algorithm as the system decentralized clock solana uses the proof of history technique you can use proof of history to construct historical records that verify an event occurred at a given point in time this algorithm is a verifiable delay function with a high frequency this function requires a specific number of sequential steps to evaluate each transaction or even that is examined will be assigned a unique hash an account that can be verified publicly and effectively the count serves as a cryptographic timestamp allowing us to determine when each transaction or event occurred this provides increased throughput and efficiency within the solana network now that we know about its structure and mechanism let’s explore how salana works now we know solana has built a one-of-a-kind method for determining the time of a transaction known as proof of history let’s see the step-by-step procedure of how it works step one input the details of transactions performed in the network to its leader step two leader will now efficiently sequence and organize the messages so that they can be processed by another nodes step 3 the leader then executes the transactions based on the ram’s current state step 4 the completed states transactions and signature will then be published by the leader to the verifiers or replication nodes step 5 if the state receives confirmation the verifiers will perform the same transactions on their copies of the state and publish their signatures and at last step 6 the consensus process will then use the published confirmations as votes now that we know everything about solana let’s have a look at the price and volume of solana according to market capitalization the solana network can process more than 50 000 transactions in one second and the current price of it is 30 with a circulating volume of 270 million sql coins which is quite impressive considering its time span in market capitalization as well as compared to other cryptocurrencies let’s see what future the solana holds for itself filana although being a new project has delivered on its promises of speed and scalability it’s token price has also done well attack attracting investors attention nonetheless the network acceptance and usage are still in the early stages we won’t know whether solana speed make a significant difference in the bitcoin realm until we witness substantial traffic and more use cases having a fast network is beneficial but the advantages will only occur as more people utilize it and more use cases emerge real-life uses of solana serum radium bonpeda orca oxygen and phantom wallet are some of the recent projects that solana is working with well this is all about solana crypto nfc and cryptocurrency appears to be the order of the day these days especially since the covert 19 pandemic nearly drove the entire world to code digital both appear to be a profitable market you have probably read stories about people making hundreds of millions of dollars using nfcs or headlines about cryptocurrency values fluctuating and even crashing as a result of a single elon musk tweet if you’re not familiar with these terms it’s understandable if you have wondered if nfps and cryptocurrencies are the same thing well they aren’t although there are some parallels between nfts and cryptocurrencies they’re not the same thing so hello everyone i’m shambi and i welcome you all to this new video of simply learn on nfps versus crypto before diving deep into the difference between nfc and cryptocurrency let’s first define what these two are nft is an acronym for non-funchable tokens when it’s unique and can’t be replaced with something else something is said to be non-fungible each nfp contains distinguishable information like who owns the digital asset and who sold it making them distinct and easily verifiable as it is impossible to forge such a certificate energy basically creates a blockchain based digital certificate for your digital collectibles including games music art and many more this certificate gives your artwork a unique identity on the other hand cryptocurrency is defined as a virtual currency that utilizes cryptography to secure and verify transactions as well as regulate and control the generation of new currency units it is decentralized and free from any third-party interference which means it is not issued and controlled by any government or central authority unlike other payment systems that banks or governments are handling cryptocurrency charges almost no a very low transaction cost there is no limit for making transactions in fact you have 20.7 access to your money there is no extra delay or extra charges or making international transactions and the best part is that anybody can use cryptocurrency without the hassles of paperwork all you need to do is create an account or any digital wallet of cryptocurrency now that we know the basic concept of both nft and cryptocurrency and understood the underlying technology let’s move ahead and look into the comparison parameters for nft versus crypto first is trading the process of their trading in the crypto market second is purpose we will differentiate between them by the purpose behind a concept third is volatility in this we will compare the performance and a volatile nature in the crypto market and the fourth and the last one is users and marketplaces in this we will look into the difference between their users as well as the marketplaces they are actively used trading nfps are bought and traded online and are managed in digital ledger therefore they cannot be traded for one another for example instead of purchasing a physical photograph to hang on the wall the buyer receives an original digital file and he pays for it by money whereas cryptocurrencies can be traded or exchanged for each other with no loss of their value the peer-to-peer system which works using blockchain technology enables anyone to send and receive payments through any form of digital money or cryptocurrency now coming to purpose each non-functional token serves as a form of authenticity certificate indicating that a digital asset is distinct and not interchangeable due to the cryptographic principles that characterize the blockchain and nfp can never be altered adjusted or stolen cryptocurrency on the other hand like traditional currencies such as the us dollar is a medium of exchange designed to exchange digital information and solve the difficulties of traditional currencies by allowing for quick secure and decentralized transactions as well as the purchase and payment of goods and services coming to the next one volatility although both nfp and cryptocurrency have unstable volatility nfps are thought to be less volatile in comparison to cryptocurrency artists and traders alike have been drawn to nfp because of its creative artistic site on the other hand it may deter individuals who find the tasks of designing nfds excessively difficult complicated or inconvenient but cryptocurrencies in particular are regarded as high risk investments as crypto opponents and regulators have frequently stated in their condemnation of cryptocurrencies however certain cryptocurrencies have been created with the intention of being more stable than others and also high-risk comes with high rewards now coming to the users and marketplaces nft is used for digital content gaming items investment and collateral domain names and etc whereas cryptocurrency is used for low cost money transfers wealth management ethical business practices and etc currently the largest energy marketplaces are readable openc and foundation on the other hand the largest crypto marketplaces are binance coinbase kraken and etoro well now that we know the difference between nfpa and cryptocurrency let’s discuss what’s better between them now if you’re artistically inclined and want to make money for your digital artwork and if these are a viable option the market’s creative artistic component has enticed both artists and traders to participate on the other side although cryptos are slightly unpredictable some cryptocurrencies have been created to be more stable than others these cryptocurrencies are known as stable coins and the key advantage is that they have lower volatility than other cryptocurrencies like bitcoin or adhering tether and usd coin are two examples of stable coins their worth is determined by the us dollar’s value so how do you decide which of the two is the better option it is determined by the traders motivation and readiness to take risk so this was all about energy versus scripture top crypto books for beginners in 2022.
A so the first one is the basics of bitcoin and blockchains written by anthony lewis bitcoin is the first and is one of the top most cryptocurrency in the crypto market this book is a must-have for everyone interested in learning about bitcoin and various other cryptocurrencies initial coin offerings tokens and business blockchains it provides a balanced and hype-free background in the essential concepts underpinning the new blockchain technology about the author anthony lewis creates reports and conducts distributed ledger lectures he previously worked with idbit credit suits in london and singapore and barclay’s capital where he began his banking career he writes a personal blog on fintech too coming to the second book that is the truth machine by michael j cassie and paul wigner this book debunks the blockchain and explains why it may help individuals regain control of their data possessions and identities as well as give billions of previously excluded people access to the global economy and shift the power balance to restore society’s faith this book demonstrates the potential for empowerment when self-interested middlemen give away to the blockchain‘s transparency while also exposing the job losses exertion of special interest and threat to social cohesion that the transformation will bring about the author michael j casey is a veteran columnist for the wall street journal and the author of three critically acclaimed books he recently joined the mit media’s labs new digital currency initiative as a senior advisor and paul wigner is a wall street journal markets reporter who covers equities and the economy he is the host of the popular money beat live show and writes for the popular money beat blog moving on to the third book and that is the internet for money written by andreas m antonopoulos the internet of money has given new insight on the present bitcoin issues it opens up possibilities rather than providing definitive answers it delves into the motivations behind bitcoin through a series of pieces spanning the thrilling evolution of bitcoin it analyzes and contextualizes its significance this book is mainly a compilation of short writings concerning crypto infrastructure inversion is one of the most intriguing concepts in this book about the author andreas m antonopoulos is a bitcoin supporter i.t entrepreneur and author who is british greek he’s the host of the speaking of bitcoin podcast and a teaching fellow at the university of nicosia’s msc digital currencies program so this brings us to the fourth book and it is bitcoin and cryptocurrency trading for beginners 2022 written by warren larsen it’s a down-to-earth business guide to bitcoin investing and advanced cryptocurrency market research it includes advice on how to make money with cryptocurrencies as well as strategies for picking the right coin and protecting your assets as well as a step-by-step instruction for creating selling your own nfps it mainly focuses on the cryptocurrency market cycle market manipulation techniques and how to avoid them leverage trading strategies trading mistakes margin trading tips and strategies best crypto trading platforms and what option moneyness and full call ratio are water market parameters and option skew and much more about the author warden larson is the chairperson of the board safety committee and provides consulting services specializing in governance he is also the deputy chairman of landcarp farming limited the chairman of central port and a director of other companies warren is also an institute of director’s fellow proceeding with the fifth book which is blockchain revolution written by don tapscott and alex tapscott brought to us a superbly researched extremely enjoyable unnecessary book about the technology that will drive the economy’s future in this startling book this book delves into bitcoin‘s fascinating and groundbreaking technology this book shows how different our world could be if we completely embrace blockchain technology this revelatory book explains how blockchain technology is powering our future and as the technology behind cryptocurrencies like bitcoin open software platforms like ethereum and disruptive companies like ripple it’s very important to drive our attention towards this leading technology about the author don tapscott cm is a business executive author consultant and speaker from canada who specializes in corporate strategy organizational change and the impact of technology on business and society he is the creator and executive chairman of the blockchain research institute as well as the ceo of the tapscore group and alex tapscott is the son of don tapscott and is a business author and counselor from canada his research focuses on the use of blockchain technology and cryptocurrencies such as bitcoin now this brings us to the last but not the least book the sixth book in the list and that is blockchain and the law written by aaron wright bitcoin has been praised as an internet marvel and slammed as the favorite transaction vehicle for all kinds of criminals since its inception in 20 2009.
A this book aims to provide readers with a map of the blockchain technologies landscape and explain how bitcoin is a general purpose tool for creating secure decentralized peer-to-peer applications and blockchain technology has been compared to the internet itself in both form and impact it allows them to evaluate the prospects and regulatory challenges the material is extensive while researched and significant subjects are thoroughly addressed and analyzed about the author primavera d philippe is legal researcher internet activist and artist specializing in blockchain technology peer production networks and copyright law aaron wright is a co-founder of open law and an associate clinical professor of law at cardazo law school aaron has a lot of expertise with blockchain technology well this was all about top crypto books for beginners in 2022 well hello i’m shamley and i welcome you all to this new video of simply learn on what is tether in which i will take you through its various aspects and will also help you explore your answers for tether in this video i will take you through first what is tether then we will explore if tether is a stable coin after that we will understand why it is controversial and then we will understand how does tether works then we will look into the users followed by what makes it unique and then we will explore how to buy it and at last we will explore is it a good investment so without any further delay let’s start with the video so let’s start with what is tether tether is a blockchain based cryptocurrency that tries to keep cryptocurrency prices stable it is utilized by crypto investors who want to avoid the high volatility of other cryptocurrencies while still maintaining value in the crypto market tether tokens which were created by the crypto exchange bitfinix and trade under the usdt sign are the native tokens of the tether network usdd is the fifth largest cryptocurrency by market capitalization with the value of around 68 billion as of october 2021 so is tether a stable coin the stable coin industry strives to eliminate volatility allowing bitcoin to function as a safe have rather than a dangerous investment in a volatile cryptocurrency market where it would be difficult to convert back and forth between cash and a cryptocurrency like bitcoin stable coins provide liquidity so tether is indeed the world’s first and most well-known stable coin true usd paso standard and usd coin are some of the other stable coins on that market other stable coins on the other hand use other sorts of collateral some are backed by fiat currencies such as the euro or the yen while others are backed by commodities like gold and silver so why is it controversial tether originated in 2014 as real coin and the first tokens were released on the bitcoin network in 2015.
A it was one of the original cryptocurrencies as well as one of the first stable coins to be successful however as quickly as it gained popularity it was met with mistrust and controversy which is understandable given how closely the coin was scrutinized as the first popular stablecoin tether was a driving element behind bitcoin‘s bull run up to twenty thousand dollar in 2017.
A it appeared that tetter was being artificially injected into the cryptocurrency market to provide liquidity also tethers parent firm was charged by new york attorney general elitia james of concealing a 850 million dollar loss by dipping into tethers currency reserve in 2019.
A tether has reached an agreement with james to pay 85 million dollar and stop dealing with new yorkers as of 2021.
A now let’s come and look into how data works tether limited manages the tether token reserves and accepts fair deposits and withdrawals it also means and destroys tokens to keep the coins value stable so tether on bitcoin was created on the omni layer a bitcoin blockchain based system a ledger is kept on the bitcoin blockchain as well as liquid a bitcoin sidechain and transactions may be seen by omni explorer there are on other blockchain platforms tether is also available on ethereum tron and eosio among other blockchains as a result new assets can be developed directly on these platforms ethereum happens to be the largest market for usdd come let’s look into the uses of tether tetra has established itself as a necessary component of the cryptocurrency markets currently crypto trading pairs priced in usd and other stable coins outnumber those priced in u.s dollars to be more specific there are three most common use cases first is trading to reduce peace and wait periods user can convert the cash they need for trading to usd and then use it to buy other cryptocurrencies second is lending because lenders do not have to worry about losses due to volatility usdt is extensively used as a lending asset third is cross-border payments international money transfers from or to any area of the world can be completed in minutes that’s that makes me wonder what makes it unique stable coins assist traders and investors in reducing the danger associated with the severe volatility that is typical in cryptocurrency markets by moving value to usdt a trader might reduce their risk of exposure to a sudden drop in the price of cryptocurrencies also they enhance the number of trading pairings they can offer by facilitating trip to crypto transfers furthermore it permits merchants to trade cryptocurrency in places where feared currency is prohibited so how to buy tether binance coin spot bitfinex and kraken are just a few of the famous cryptocurrency exchanges that accept tether tokens you can just exchange them with other cryptocurrency or buy them with any type of currency so this brings us to a question is it a good investment tether is the most popular stable coin with no significant competitors even when compared to other cryptocurrencies not just stable coins it perform admirably in terms of market capitalization after seven years of prosperity there are no signs of it slowing down it is currently one of the crypto space too big to fail enterprises however don’t expect it to appreciate in value that is precisely the purpose usdt is kept at one dollar and the organization behind it aims to keep it there tether is a helpful tool but it is not a typical investment well this was all about tether recently you all must have noticed that the crypto market has caused quite a buzz in social media and other online forums and perhaps even in your dinner time conversations but what is all this commotion about this is about the recent downfall of cryptocurrencies in the crypto market in this video we will let you through some very important aspects of this phenomenon of cryptocurrency first of all we will understand what cryptocurrency and crypto market are after that we will understand how the market works then we will look into the reasons for the market crash of cryptocurrency and how it has affected people at all levels then we will figure out the factors that can help the market to grow again and at last we will look into the future of cryptocurrency and trip to market so let’s start with the very first aspect that is what cryptocurrency and crypto market are a cryptocurrency is a kind of virtual or digital currency that works on blockchain technology a public ledger enforced by a distributed network of computers it works as a medium of exchange online to buy goods and services and make payments like for example bitcoin ethereum dogecoin these are some of the popular cryptocurrency cryptocurrency is decentralized and free from any third-party interference which means it is not issued or controlled by any government or central authority the crypto in cryptocurrency stands for cryptography which uses encryption and decryption to secure the data crypto market is where you can trade cryptocurrency cryptocurrency trading is an act of speculating the price movement of cryptocurrency without taking ownership of the underlying coins through a trading account or by buying and selling the underlying coins through an exchange you can buy cryptocurrency if you think it will rise in value or sell them if you think it will fall now let’s understand how it works the price of crypto currency is quoted in traditional currencies such as the us dollar and you never take ownership of the cryptocurrency itself one can buy and sell at cryptocurrency through their trading account or via exchange which helps them speculate on whether the chosen cryptocurrency will rise or fall in value both buy and sell are leveraged products which means you only need to put up a small amount as a deposit known as margin to gain total exposure to the underlying market your profit or loss is majorly calculated based on the total size of your position so leverage can affect your profits as well as your losses if the market moves against you so that makes me question what the reasons behind the market crash of cryptocurrency are on 19th may 2021 the crypto market saw a massive drop in prices or cryptocurrencies including bitcoin ethereum and bnt crashing up to 30 percent within a span of just 24 hours this came in the backdrop of the chinese regulators announcing a ban of cryptocurrency china has banned payment companies and financial institutions from providing any services such as registration trading clearing and settlement related to cryptocurrency transactions this announcement made by china broke the markets back and then the panic increased because tesla announced that they would not favor bitcoin on environmental concerns anymore therefore they will not accept any payment made by bitcoin and also there are rumors of irs investigation into the largest crypto exchange platform binance which also has weakened investors resolution to invest more in crypto market now we know the reasons behind the crypto market crash so let’s take a look at how it has affected people at all levels the crypto market means different things to different people it is an object of speculation that consumes almost all the media coverage about the space to many people for them the day crypto market crashed was a black day as they faced a tremendous loss of the leverage invested in cryptocurrencies even the bloomberg galaxy crypto index plunged 19.2 percent in its worst slide in more than a year and to others the crypto market is more than a speculative instrument for them this incident proved to be a huge opportunity as they got a chance to uncover problems of the system of the crypto market like high fees to trade at the most crucial moments and find solution to these problems by adding more capacity and efficiency to the system so now we have covered everything about the market crash of cryptocurrency let’s dive into the factors that can help the market to grow again despite their dramatic downturns these cryptocurrencies have consistently recovered from their downtime people in the crypto market systems have termed this decline as a short-term correction long-term investors like microstrategy call this crash a buying opportunity of these cryptocurrencies and is investing more to stabilize them many people believe that what we witnessed in the last few days was the liquidation of the leverage long positions followed by a panic selloff and is considered a very normal phenomenon in thin markets like cryptocurrency they believe that this situation can be thought down by extensive adoption of cryptocurrency and constant participation in the crypto market well this whole scenario makes me question what the future cryptocurrency and crypto market holds cryptocurrency is a highly speculative and volatile investment and it may or may not succeed over time therefore there is no guarantee for these cryptocurrencies that all will always recover from this type of market crashes a few experts of the crypto market say that investors should hold a long-term view of the digital assets market as they will bounce back swiftly also small investors should be better off staying away from the market as this current volatility can be overwhelming for them and some experts suggest that holding on to these cryptos will be a wise option and small investors should buy these cryptos slowly and steadily through a systematic plan therefore if you’re thinking about investing in cryptocurrency be sure you know what you’re getting into although the crypto market is lucrative keep in mind that there’s always a chance that sometimes cryptocurrencies are not able to bounce back and with that we have come to the end of this video on cryptocurrency full course i hope you enjoyed it and found it informative and interesting if you have any questions about the topics covered in this video please ask away in the comment section below a team will help you solve your queries thanks for