Today we will be discussing Ethereum Beacon Chain adding 50K new validators in just over a month and the progress to ETH 2.0. Next we’ll look at the Twitter and Strip announcement that stablecoin USDC will be implemented into the platform. and last we’ll talk about the recent NBA dynamic NFT exploit and how the NBA is trying to make up for it.
Around the Blockchain is your favorite Cryptocurrency show discussing Bitcoin, Ethereum, Cardano, and the top altcoins. Our four crypto experts include Crypto Crow, Crypto Factor, Crypto Stache, Ragzy. Tune in for their insightful crypto analysis!
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Intro music by Gregario Franco. Song – Nacht
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All of our videos are strictly personal opinions. Please make sure to do your own research. Never take one person’s opinion for financial guidance. There are multiple strategies and not all strategies fit all people. Our videos ARE NOT financial advice.
A cryptocurrency is a digital asset without an actual physical value. As such, it lacks the consistency and stability of stocks and bonds. Its value rises and falls on an unpredictable demand cycle, with no predictable pattern in its rise and fall. It is impossible to calculate returns on a cryptocurrency investment using conventional investment methods, such as growth stock mutual funds. Even if the technology behind it is sound, individual investors still face many challenges in using it to make money.
The biggest problem associated with crypto is its price volatility. The prices of individual assets can change very quickly, and the cryptocurrency market is quite thin. To combat the volatility of cryptocurrency, new types of coins have been created that are tied to existing currencies. Stablecoins, such as Tether, are an excellent way to manage the value of a crypto while avoiding the volatility of the market. There are also several other uses for stablecoins.
One potential source of energy consumption is the mining process itself. While mining a cryptocurrency does require significant amounts of electricity, many smaller coins have significantly lower energy demands than Bitcoin. They also have smaller energy footprints than Bitcoin. That means they may be just as harmful for the environment as Bitcoin. Nevertheless, a cryptocurrency can be a useful investment option if the investor is concerned about sustainability. By purchasing a Bitcoin or another crypto, they can help the environment while ensuring the future of the currency.
The first cryptocurrency was Bitcoin. Since then, there have been many cryptocurrencies developed that share the same characteristics as Bitcoin. Others are exploring new ways to process transactions. Ethereum, for example, provides a greater variety of features than Bitcoin, such as the ability to run applications and create contracts. The blockchain technology is the underlying technology for most cryptocurrencies. The benefits of a cryptocurrency are many. So, what are you waiting for? If you’re ready to make a cryptocurrency investment, now’s the time to start earning some money.
Another great benefit of cryptocurrency is its anonymity. With cryptocurrency, you don’t need a bank account to buy and sell goods and services. Since the cryptocurrency networks are distributed, no one can manipulate or change the balance mid-game. As a result, you’re virtually protected from identity theft, financial fraud, and cybercrime. The only downside of cryptocurrency is the energy cost that is required to mine it. There are other drawbacks as well, but the potential benefits far outweigh the disadvantages.
Blockchain technology is a decentralized system that records all transactions on a shared, distributed ledger. These files are stored on many computers throughout the world. Unlike traditional financial instruments, cryptocurrency is decentralized, meaning there are no central banks or governments overseeing its production and sale. The blockchain allows people to exchange cryptocurrencies amongst themselves without the need for intermediaries, and the value of these currencies is determined by market forces. Every user of a cryptocurrency has his or her own copy of this book. As new transactions happen, the blockchain automatically updates every copy with the same information.