CryptoCurrency fact not fiction? Since the Financial world around us is rapidly changing, now that change is called CRYPTOCURRENCY. Since there are a lot of different cryptocurrencies out there, choosing one can be challenging. What started out as only BitCoin has evolved. So we are left to find which cryptocurrency will best suit our needs. In this article, I will try to analyze the different Cryptocurrencies. While listing the pros and cons of information.
BitCoin Cryptocurrency Fact Not Fiction
Bitcoin Basics: Bitcoin was the first Cryptocurrency that came to the market. Firstly, it is the first “Decentralized” money. Secondly, it utilizes The BlockChain which is the standard for “Truth”. Because of the structure of The BlockChain. Truth is synonymous with the method of Security. Which are:
- TRANSPARENCY= Data within the network is embedded, making it public.
- INCORRUPTIBILITY= Altering any unit of information is virtually impossible. Due to the massive amount of computing power needed to achieve “Overriding the ENTIRE network. Thereby becoming a larger and larger barrier continuously.
Better Security A CryptoCurrency Fact not Fiction!!!!
Due to this decentralized process and the peer-to-peer protocol, the BitCoin network operates as its own economy. Without third-party intermediaries or third-party service providers. Naturally, with the fast pace of The BlockChain. There will be risks as well as rewards.
Bitcoin is considered the most stable of all the Cryptocurrencies around today. As with every “Silver Lining,” there is a dark cloud. With almost every new technology, presents some type of risk. Protecting consumer information and protecting the BlockChain is of primary importance. There are two companies that utilize BitCoin and “Bitcoin Mining”. GO HERE, Your Financial Future Awaits!!!
Bitcoin Mining Makes CryptoCurrency Fact Not Fiction:
One of the amazing aspects of BitCoin is its ability to “Mine”. These companies have programs that allow you to make money using your computer. Even if you are away from the computer. Here is a quick overview of each company:
- BitCoin SmartMiner: Is a company backed by the regulatory guidelines of engineering and solutions for IPO and Crowd Funding. They offer Compliant Token Solutions. In order to handle such a large task, they formed the”Open Compliance Project” which supports International regulations. While this allows for a platform that is ongoing, which also offers community support to keep up with the infinite space of growth. Since there are new tokens produced daily. (The last estimate was more than 20 new ICO Token Solution Coins every day.) This system of regulation and compliance protects its users and investors. What SmartMiner offers includes the following: First are solutions for the vetting and verification of the legitimacy of the new coins offered. Secondly, they allow their users to participate in newly vetted ICO’s easily via the BitCoin Wallet. Therefore allowing the wallet users to acquire, buy, and sell easily.
- StakeBase: Now many experts are calling this the only way for CryptoCurrency. While the majority of us are concerned about exhausting our Earth’s resources. This company utilizes renewable sources for their products. Which is great for everyone. By “Going Green” StakeBase has made Proof of Stake a more efficient, quicker for transit, and healthier for our environment. Including all of the so-called “Costs” related to CryptoCurrency. Certainly, utilizing renewable resource materials makes Crypto a viable income source, leading to the future of currencies. You need StakeBase (Crypto-Exchange) as part of your future & game plan in your portfolio. Therefore, for those of us who are new to CryptoCurrency. This could be our “Chest of Gold” at the end of the rainbow. First, by learning through StakeBase you have the most information and solutions. While they also offer a wallet.
Cryptocurrency Exchange Wallet: This is the ONLY wallet recommended when dealing and staking Crypto. Secondly, they have the only vetted Crypto where coins are allowed onto the platform or exchange. Making this the best market for Proof of Stake Coins. However, you can also make money by utilizing your computer to “Mine” for CryptoCurrency. Because it turns your “Down Time” into “Money Making Time”. All while allowing you to earn BitCoin, aka BTC. Lastly, and most importantly, with StakeBase you will have significantly lower trading and withdrawal fees. Allowing you to keep more of what you earned.
Other CryptoCurrencies: There are many other cryptocurrencies to choose from. Here are just a few:
- Binance Coin
- Chainlink
- EOS
- Ethereum
- LiteCoin
- NFT
- Stellar
- Tether
- Tezos
- Tron
- XRP
It seems like a daunting chore to research each CryptoCurrency. Well, let me lend you some of what I have learned. While CryptoCurrencies fluctuate like stocks on the Stock Market. They are not as volatile. Now of all the CryptoCurrencies that I personally have watched. Bitcoin is the most stable. Certainly, it was the CryptoCurrency that BlockChain was created to protect. However, whichever Cryptocurrency that you choose consider this a long-term investment. Start now while costs are still low due to the lower number of people investing. Because once it becomes clear that CryptoCurrency is the way of the future, consequently, the price per coin will escalate rapidly. Protect your future wealth and start collecting now.
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