Since the inception of bitcoin in 2009, thousands more have sprung up with each of them having their distinctiveness. Bitcoin is often referred to as the king of cryptocurrency each of the other thousands of cryptocurrencies falls under the class of altcoins; be it Ethereum (ETH), Bitcoin Cash (BCH), Ripple (XRP), Litecoin (LTC), Monero (XMR), EOS (EOS), TRON (TRX), etc.
All altcoins have their uniqueness in the sense of how they are mined, their nature (whether or centralized or decentralized), underlying technology, speed of transaction, coin distribution mechanism, etc. Although bitcoin is always used as the yardstick when analyzing an altcoin, some altcoins outshine bitcoin in certain specs. Several altcoins are developed on Bitcoin’s framework.
Altcoins are sub-divided into three categories namely; stablecoins, utility tokens, and security tokens. For example, stablecoins such as Tether (USDT), Binance Coin (BNB), Gemini USD (GUSD), USD Coin (USDC), etc. are known to be less volatile than Bitcoin because they are pegged to fiat currencies. However, some altcoins fall under more than one of these categories. You will find more information in altcoin news category.
Altcoins are getting thumbs up from different quarters for playing a significant role in the expansion of boundaries of blockchain adoption and applications. For example, Ethereum is known for its robust blockchain that enables faster transaction time as well as the creation of decentralized applications (dApps). At the time of launch, most altcoins sell themselves as better alternatives to existing ones and usually attempt to improve on the setbacks of known altcoins.
According to CoinMarketCap, there are over five thousand digital currencies in April 2020 although BTC has a staggering 64% dominance in the crypto market. As a crypto investor and enthusiast, stay tuned to coinspeaker.com to get the latest altcoins news around the world to keep you updated and geared up in the crypto space.
The easy-to-use service has country-specific tax calculation formulas. This makes the tedious and complicated task of crypto tax calculation and filing a lot easier.
According to Buterin, the proposed rollups are not a new thing and will hold until Ethereum 2.0 is fully launched.
Greg Waisman, the co-founder and COO of the fintech company Mercuryo, shares his insights about the Bitcoin (BTC) and Ethereum (ETH) weekly price movements. Weekly recap.
According to the Twitter policy, account security at risk and abusive tweets are part of the reasons an account can get suspended.
Garlinghouse announced that Ripple and Youtube have settled and would be working hand in hand “to prevent, detect and take down these scams”.
Coinbase Pro is one of the leading trading platforms in the United States and its support of Polygon, Skale, and SushiSwap makes a credible case for the growing strides of DeFi in the crypto sphere.
Being a specialized fan token creator, Chiliz and Socios.com have launched these unique products for top football clubs around the world including FC Barcelona, Juventus, Paris Saint Germain, and AS Roma amongst others.
The cryptocurrency exposure basket will have MicroStrategy (20%), Square (18%), Riot Blockchain (15%), NVIDIA (15%), PayPal Holdings (10%), etc.
So far, Dorsey’s first tweet has received the highest bid of $2.5 million as an NFT sold on the Valuables platform. Upon the conclusion of the bid period, Dorsey plans to donate all the proceeds to Give Directly’s Africa Response fund.
Before releasing the Berlin upgrade on April 14, there will be three major testnet releases in the coming weeks. The Berlin upgrade will also bring along four major Ethereum Improvement Protocols (EIPs) with new transaction types and gas costs.
The cryptocurrency market started the week on a good note with Bitcoin (BTC), the world’s largest cryptocurrency by market capitalization breaking past the $50,000 psychological level, a great rebellion from the bear forces that has kept it down for days.
The recent partnership starts the creation of the Gemini Boat Race Bursary Scheme that offers rowing instructions as well as education to students via the Fulham Reach Boat Club.
rLogin is already operational and integrated with several wallets, including Metamask, Nifty, Liquality, and WalletConnect. More wallet integrations are in the pipeline in the coming months.
There are many options for cryptocurrency savings accounts out there, so take the time to review and find your best match before you sign up for one.
In its announcement Ripple noted that it is happy with the progress it had achieved with MoneyGram.