Tag: Crypto Education

What types of crypto tokens exist?

Do you know what tokens are in cryptocurrencies and how you can use them? Tokens are objects that represent something, whether abstract or physical. In the world of cryptocurrency, tokens can have value and are used as digital assets. There are different types of tokens, such as security tokens, utility tokens, non-fungible tokens, and community-focused tokens. In this article, we … Read more

What is double spending in cryptocurrencies?

by rcanessa

Double spending in digital transactions consists of the possibility of spending the same digital currency more than once. This occurs due to counterfeiting or duplicating digital files representing the currency. Risks include the creation of fraudulent coins, currency devaluation, and loss of trust among users. To prevent it, there are both centralized and decentralized prevention methods, with blockchain technology being … Read more

What are NFTs (Non Fundigle Tokens) and how do they work?

by rcanessa

In this article we’re going to explain to you what NFTs (Non Fungible Tokens) are and how they work, so you can understand one of the technological innovations aimed at art emerging from the blockchain, the same protocol behind cryptocurrencies. Therefore, we’re going to try to steer away from technical jargon to make the explanation as simple as possible. We’ll … Read more

What are memecoins? – Main risks

by rcanessa

In recent years, interest in meme coins has increased significantly. In terms of popularity, two of these meme cryptocurrencies, Dogecoin and Shiba Inu, are among the top ten most well-known cryptocurrencies in terms of market capitalization. What started as a digital market experiment has turned into the currency of the future. Over the past week, meme coins have grown by … Read more

What are Stablecoins? – Definition and Types

by rcanessa

Stablecoins are a type of cryptocurrency that are designed to maintain a stable value relative to a particular asset or basket of assets, such as fiat currencies (e.g., USD, EUR), commodities (e.g., gold, silver), or other cryptocurrencies. Unlike other cryptocurrencies such as Bitcoin or Ethereum, the value of stablecoins is not determined by market supply and demand. Instead, stablecoins are … Read more

What is a bitcoin futures contract?

by rcanessa

Bitcoin futures contracts offer traders greater flexibility and access to leverage for greater exposure. Futures contracts are a type of financial derivatives that allow the trader to speculate on the price movements of assets such as commodities, stock indices, or cryptocurrencies, such as bitcoin. Bitcoin futures contracts allow you to speculate on the price of bitcoin at a future date. … Read more

Cardano (ADA): what it is, how it works, prices and charts, current applications

by rcanessa

Cardano is the platform on which ADA, a cryptocurrency that can be used to send and receive funds, was developed. It is a smart contract platform, with some characteristics similar to Ethereum (not by chance since its creator, Charles Hoskinson, is one of the co-founders of Ethereum), offering new levels of security and scalability thanks to a multi-layer architecture. It … Read more

Stablecoins are vulnerable and can increase financial risks, says Fed

by rcanessa

The Federal Reserve places stablecoins in the category of high-risk investments. The central bank is concerned about the lack of transparency over the assets backing stablecoins. The United States Federal Reserve (Fed) once again expresses its concerns about the risks posed by stablecoins. This time the central bank has added a warning that the risk of sudden and desperate redemptions … Read more

What is the hash rate and how does it influence bitcoin mining

by rcanessa

The hash rate is one of the most important concepts in bitcoin mining, surely this has been one of the first definitions that you have come across when you have investigated a little more about the mining process.

What is the hash rate and how does it influence bitcoin mining? The hash rate is the mining power that is available to process data and find the solution to the mathematical problems that keep cryptocurrencies encrypted. Thus, the hash rate refers to the speed or time it takes a miner to do the mathematical calculations to solve blocks within the blockchain.

The hash rate is essential, as it has a great influence on the security and sustainability of the Bitcoin network. Likewise, the miners’ earnings depend on the hash rate, since the higher the power, the more blocks are mined.

Gold is losing its reign as a store of value against bitcoin

by rcanessa

So far this year BTC has advanced 81% while gold has fallen 7.7%.
Large investors are shifting their positions in gold to investments in bitcoin.

As bitcoin continues in an upward cycle, which has intensified in this year 2021, its position against gold as a store of value asset strengthens. The precious metal has fallen 14% since it reached its historical maximum of USD 2,071 an ounce, at the beginning of August 2020, as this Monday, February 22, it registered a price of USD 1,798 an ounce.

In the same period of six and a half months, since the historical high of gold on August 7, a fact reported by ForexDominion, the price of BTC has appreciated 360%, going from USD 11,564 to USD 53,429.

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