July 30, 2020

Cryptocurrencies That Offer Long-Term Potential

Eija Järvinen
Cryptocurrency

Bitcoin is among the first cryptocurrencies introduced to the market. It has a blockchain network which is considerably slow compared to almost every other major cryptocurrency. This means that its advantage could be limited from now on. While the cryptocurrencies as a group offer no guarantees and their market cap might continue to fall, there are virtual currencies that offer long-term potential apart from Bitcoin.

1. Ethereum

Ethereum is designed to handle blockchain applications in both currency and non-currency transactions like those in online casino payments (gclub online casino offers an array of payment options including cryptocurrencies). Bitcoin is limited to processing currency applications only.

About 200 organizations from the Enterprise Ethereum Alliance worldwide tested versions of the Ethereum blockchain network in various industries and sectors. This network can be important for supply chain monitoring, energy trading platform acceleration, digital ID card creation, and more.

On top of the rich partnerships, what makes Ethereum interesting is an intelligent contract, a protocol that confirms, promotes, or enforces the contract. A smart contract could be fully customizable, which means it can be simple or elaborate according to the requirements of the business. This coordination, transparency, and binding nature of digital contracts is the ideal choice for many international companies.

2. Ripple

Ripple is about reaching out to financial institutions. The blockchain itself could have the greatest impact on the financial services industry by shortening settlement times, taking banks out of the equation, and thereby lowering transaction fees. According to Ripple, the transactions expire in seconds – including cross-border payments – and cost only a fraction of a cent. Ripple may have a lot to prove, but the list of brand partners is considerable.

3. Stellar

Another cryptocurrency to keep an eye on is Stellar with its Lumen Token (XLM). Like Ethereum, Stellar uses intelligent contracts on its blockchain, which enables companies to adopt the blockchain networks to their needs. Stellar blockchain services can also handle applications of currency and non-currency origins. Stellar claimed that transactions are usually processed within two to five seconds.

4. Nano

Nano really impressed many investors. The nano blockchain can process 7,000 transactions per second max. This is fast and virtually untouchable. Assuming developers are coming up with better infrastructure, the processing speed of Nano is much faster and it can compete with payment processors like Visa.

The primary key of Nano’s blockchain lies in its block structure. Every user can control their own blockchain without having a central blockchain, thus, transactions can be processed very quickly. These processing speeds are extremely promising.

5. Qtum

 

Qtum continues the trend of cryptocurrencies through the use of intelligent contracts. The China-based company takes the best aspects of Bitcoin and Ethereum infrastructure (without leaving smart contracts behind) and brings them to a unique network.

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April 28, 2020

Will Crypto Survive after Everything?

Agua Caliente Casino 360 Sport along with several other businesses has taken heavy blows from the outbreak of Coronavirus. No one sees it – the virus becomes this massive and damaging. In fact, there are more than 2 million reported cases worldwide as of this writing. Unfortunately, it had already claimed more than 150,000 lives on a global scale. This is regardless after the implementation of social distancing and self-isolation by the government of different states.

Proof of Volatility?

Now, we are seeing the damage that Covid-19 creates; various stock markets took a deep dive, huge drop in oil prices and suffering of international economies. Same story goes with cryptocurrencies. Back in first week of February, 1 Bitcoin is worth over 10,000 dollars. Then just a week later, its stock crashed to whopping 4,000 dollars. The impact of the pandemic is obviously felt, no doubt about that. Basically, other cryptocurrencies have seen the same fate like:

  • XRP
  • Ethereum and;
  • Bitcoin Cash

The rapid drop in crypto’s value, made many of its investors suddenly feel skeptic whether it’s a safe investment or not during tough economic times. Fact is, some of them were thinking whether or not stick back to fiat currency as a smarter alternative.

While cryptocurrency has taken the market by storm and brought so much hype for the past few years, you’ll be surprised that it has not successfully gone yet to mainstream. And in the reality of the situation, it showed that there’s no “asset” that is safe from anything.

Right now, perhaps owning cryptocurrency may be a good idea in the sense that you have a diverse investment portfolio.

Vigilance is Paramount

And as expected, with the constant increase of Covid-19 cases, same goes with the scams related to crypto all over the world. For instance in UK, there have already been several reports of scammers who were falsely claiming that for certain Bitcoin payment, they can offer clients with records of their locality infected with the virus. Same modus is seen in countries such as Japan, Tokyo and the likes.

A System should be Set in Place

There ought to be an established control system to eliminate bad players on the market. Thing is, this control system must not eat up consumers themselves and it’s the exact same reason why there’s a need for immutability and decentralization. These two aren’t focused on control rather, on sustaining true facts.

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