Tag: overview

Is Defi Coming to Bitcoin Cash? An Overview of Detoken and the Anyhedge Protocol

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Maybe you’ve heard of Anyhedge. Last April, news.Bitcoin.com published an article about its announcement, but what is it really? What does it do, and how’s it work? The Anyhedge Protocol Anyhedge is an open-source protocol. It is simply a way to use the blockchain (in this case, the Bitcoin Cash blockchain) to create a specific type of smart contract. The smart contract here is a “hedge” where the hedge is between Bitcoin Cash (the underlying asset of the BCH blockchain) and any other asset. Hence, the name “Anyhedge”. I wanted…

An Overview of BitKong, PlayHub’s Oldest Gaming Site

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Launched in 2015, BitKong falls under the PlayHub banner and is the oldest of the company’s three gaming sites, with LuckyDice and SimpleDice being its younger siblings. It attempts to dazzle players with a set of delightfully charming characters, some fantastic promotions, and one simple, yet innovative, and highly engaging game. If you have ever set foot in one of the other two PlayHub platforms, then you know what you are in for design-wise, as all three share similarities. Navigation is easy on all of them. However, while the other…

Daily Market Overview Featuring Bitcoin, Ethereum and EUR/USD

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Bitcoin is up 0.68% today after losing 1.04% in price yesterday. The first cryptocurrency still remains bearish as the Dollar Index is gaining and the S&P Volatility Index is falling sharply since September 3. Currently, on a 4-hour chart BTC/USD has formed an ending diagonal and retraced from the dynamic support and is about to test the upper edge of the ending diagonal at $10 600. If bulls are able to push the price above $10 600, Bitcoin might continue the uptrend move towards 200MA at $11 120 – $11…

Overview of the top 5 DEXs by total trade volume

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One of the most groundbreaking advancements to come out from within the realm of blockchain technology is the concept of a decentralized exchange. In its most basic form, a DEX can be thought of as a cryptocurrency buy/sell platform that allows its users to facilitate monetary exchanges without the need of any assets having to make their way to the exchange itself, reducing the risk of thefts, hacks and other human-related errors. Furthermore, owing to their intrinsic design, DEXs are better equipped to prevent issues such as price manipulation, trade…

An Overview of Crypto-Staking Networks

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The debate over which consensus algorithm is right for blockchain is long overdue. While proof-of-work remains popular with Bitcoin (BTC), interest in proof-of-stake protocols has been picking up speed, especially with the planned shift of Ethereum to a PoS, Ethereum 2.0. Which one is better, though, remains up for debate. For example, Ankit Bhatia, a co-founder and the CEO of Sapien, told Cointelegraph: “Proof-of-stake is simply more scalable because it eliminates the race to solve math problems and the need for computation to grow the pot.” According to Bhatia, PoS’s…

Overview of Software Wallets, the Easy Way to Store Crypto

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Similar to a bank account for fiat currency, a crypto wallet is a personal interface for a cryptocurrency network that provides reliable storage and enables transactions. Whether a cryptocurrency is securely stored or not, much depends on the wallet, which is only as secure as its private keys. Wallets are generally either hot or cold. The funds in a hot wallet can be spent at any time, online. A cold wallet functions in contrast: not intended for regular cryptocurrency transactions, but funds can be received at any time. Wallets can…

An Overview of everything about ICO

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Ever since its advent, ICOs  have been popularly trending among the cryptosphere and is one of the most trending fundraising methods preferred by entrepreneurs for their startups. ICO- Initial Coin Offering, acts as a source of capital for startups, where investors are issued tokens/coins that they sell to gather funds for their business. ICOs are unregulated, hence are more quick and efficient which makes investors prefer it more, over STOs and other tokens. ICOs involve several benefits for investors. Let’s see what they are. What do you benefit from ICOs?…

Overview and Market Trends of Crypto Games in 2020

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After CryptoKitties proved to be successful in the mainstream limelight in 2017, a surge of digital collectibles built on blockchain technology ensued. This rising trend made it pretty clear that blockchain and gaming make a perfect match. While blockchain technology provides a reliable reward system for players to collect digital collectibles making the game worthwhile, the gamification process, on the other hand, creates a friendly environment for learning and mass adoption. When it comes to crypto games, Japan leads the pack with an estimated net worth of over $40 billion.…

Chinese State Media Organization Prints Bitcoin Overview Article

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A Chinese media agency recently published a detailed article on Bitcoin on the front page of its newspaper on November 11, 2019. This development is in line with China’s latest positive stance towards cryptocurrency and blockchain technology. Some observers, however, believe that the new trend is a build-up to the digital RMB.   Chinese State Media Publishes Bitcoin Intro Xinhua News Agency, a Chinese state-owned newspaper, becomes the latest news agency to print a crypto-themed article. Published on its front page, the article titled Bitcoin: The First Successful Application of Blockchain…

A Global Overview From Ljubljana to Zurich

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There’s no easy way to buy, send or spend cryptocurrency in person — not even for a slice of pizza or a cup of coffee, or so it’s been said. Meanwhile, the number of physical merchant locations that accept crypto payments keeps growing. As of late October 2019, 15,558 business venues worldwide were accepting Bitcoin (BTC) as a method of payment, up 18% from a year earlier, according to Coinmap.org. The crowdsourced heatmap, devised by Satoshi Labs in 2013, draws on input from consumers and merchants. It also offers up…