Tag Archives: Cryptocurrency

With Bitcoins Crashing, Can Stablecoins Save Cryptocurrency?

With Bitcoins crashing, can cryptocurrency be saved by Stablecoins?

Posted on January 31, 2019

Bitcoin recently crashed, and it seemingly took down most of the other cryptocurrencies with it; despite that fact that some currencies were designed to keep their prices under control. The recent marketplace tumble appeared as a test for these stablecoins, as to whether they delivered their promise or were unreliable.

What drives the crypto space market is its volatility. People gamble on the cryptocurrencies to gain huge profits. But this feature, which may offer large profits, is rendered obsolete in the daily transaction.

Stablecoins try to confront this feature. The most important thing is that stablecoins are a financial vehicle i.e. it can’t be just ‘decided’ that gold can be traded for one dollar – what if people assume the gold to be worthless? No one would then sell anything for that coin, and the gold issuers will have to compensate more coins to convince the sellers. The whole point is to avoid this scenario. Therefore, 3 methods have been invented to tackle this issue – Fiat-collateralized stablecoins, Frypto-collateralized stablecoins, and Non-collateralized stablecoins.

Continue reading

Top Cryptocurrencies Which Are Gaining Popularity

Top Cryptocurrencies Which are Gaining Popularity

Posted on August 9, 2018

With the advancement of the technology front, blockchain and various cryptocurrencies are gaining huge popularity. Despite witnessing the bearish trend in 2018, the concepts behind a few strong market players in cryptocurrency are so impactful that they keep soaring in popularity.

Decentralization is innovatively used to bring around an unregulated environment that is private, anonymous, and secure enough. The top cryptocurrencies of 2018 predominantly are:

  1. Bitcoin (BTC)

    Popularly known as the gold-bearer of cryptocurrencies, development of Bitcoin was a historic event and it garners the first mover’s advantage. Owing to the increasing global financial crises, the Bitcoin value has been increasing strikingly. Starting from a value of $1, the Bitcoin prices have soared to $15K in 2017. The Bitcoin ecosystem is very strong and is evolving continuously. With the latest addition of Bitcoin Lightning Network that allows iApps development for more mainstream usages, Bitcoin is making it use-case-based as well as a store of value currency.

    Continue reading