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Ultimate Crypto Toke Guide
#1
In telecommunications, the value of blockchain lies in the security, transparency, immutability of data and the control it provides throughout the ecosystem at every stage of a transaction.

Although blockchain is not (yet) widely used in telecommunications, it is the basis of cryptosystems, so I thought it would be nice to share a good overview about this (Cryptosystems and tokens).

5G will “need” a blockchain.

:boom: THE ULTIMATE GUIDE TO CRYPTO TOKENS

Figures (:green_circleSmile = KEY

:orange_circle: Bitcoin (BTC)
Bitcoin is hard money, a means of saving, a reserve asset, gold 2.0 and an ultra-secure global settlement network.

:orange_square: Forked coins
Bitcoin Cash (BCH), Ethereum Classic (ETH)
Coins are "copycats". They are USFL for NFL – the result of disagreements on the rules of the system, so the code is “bifurcated" and a new token is created.

:purple_circle: Ethereum (ETH)
Ethereum is programmable money. It is the dominant web3 currency that supports most of the decentralized finance (DeFi) and NFT markets.

:purple_square: Ethereum Scaling Solutions
Polygon (MATIC)
AKA “Layer 2". Instead of competing with Ethereum, these projects are being built on top of Ethereum to help increase transaction throughput and reduce fees. See also: Arbitrum, Optimism, zkSync

:large_blue_circle: Centralized stable coins
Tether (USDT), USD Coin (USDC), Binance USD (BUSD)
are digital currencies pegged to the dollar. Centralized stable coins are issued by organizations unrelated to the blockchain, and (presumably) are provided with fiat collateral in a ratio of 1:1.

:blue_square: Decentralized Stable Coins
DAI, FRAX (R.I.P. UST)
Decentralized stable coins are completely based on the blockchain. DAI is produced and maintained by Maker DAO and uses redundant software to maintain its binding. FRAX uses both software and an algorithm to maintain its binding.
#2
Thanks for sharing the Ultimate Crypto Token Guide. It's a handy summary of some key cryptocurrencies and tokens.
#3
(2023-07-07, 07:58 AM)Caroburgh Wrote: Thanks for sharing the Ultimate Crypto Token Guide. It's a handy summary of some key cryptocurrencies and tokens.

Thanks for sharing the Ultimate Crypto Token Guide. It's a handy summary of some key cryptocurrencies and tokens. Crypto and blockchain are making waves in the telecom industry too! It's interesting to see the various functions and purposes of different tokens. From Bitcoin (BTC) as a store of value to Ethereum (ETH) powering decentralized finance (DeFi) and NFT marketplaces, each token has its unique role. By the way, if you're looking for insights on forex trading in Nigeria, check out forex traders Nigeria. They offer valuable information and resources for traders. Thanks for sharing this guide, Silf!
#4
Best guide I must say really helpful
#5
wow it seems nice to me
#6
I don't understand how does it work at all Confused
#7
its very nice with a great knowledge
#8
(2023-07-07, 06:18 AM)ebiffaustina64 Wrote: In telecommunications, the value of blockchain lies in the security, transparency, immutability of data and the control it provides throughout the ecosystem at every stage of a transaction.

Although blockchain is not (yet) widely used in telecommunications, it is the basis of cryptosystems, so I thought it would be nice to share a good overview about this (Cryptosystems and tokens).

5G will “need” a blockchain.

:boom: THE ULTIMATE GUIDE TO CRYPTO TOKENS

Figures (:green_circleSmile = KEY

:orange_circle: Bitcoin (BTC)
Bitcoin is hard money, a means of saving, a reserve asset, gold 2.0 and an ultra-secure global settlement network.

:orange_square: Forked coins
Bitcoin Cash (BCH), Ethereum Classic (ETH)
Coins are "copycats". They are USFL for NFL – the result of disagreements on the rules of the system, so the code is “bifurcated" and a new token is created.

:purple_circle: Ethereum (ETH)
Ethereum is programmable money. It is the dominant web3 currency that supports most of the decentralized finance (DeFi) and NFT markets.

:purple_square: Ethereum Scaling Solutions
Polygon (MATIC)
AKA “Layer 2". Instead of competing with Ethereum, these projects are being built on top of Ethereum to help increase transaction throughput and reduce fees. See also: Arbitrum, Optimism, zkSync

:large_blue_circle: Centralized stable coins
Tether (USDT), USD Coin (USDC), Binance USD (BUSD)
are digital currencies pegged to the dollar. Centralized stable coins are issued by organizations unrelated to the blockchain, and (presumably) are provided with fiat collateral in a ratio of 1:1.
The l7 profitability has revolutionized the gaming and mining industry with its unparalleled hashrate. While it’s a powerhouse for Scrypt-based cryptocurrencies, its high energy consumption is a trade-off. However, the L7’s efficiency in mining Litecoin and Dogecoin can offset electricity costs, making it a lucrative option for gamers who mine. Its robust performance ensures a steady stream of revenue, which, when coupled with its durability, presents a compelling case for its acquisition. The L7 is not just a miner; it’s an investment for those looking to capitalize on the crypto boom."
:blue_square: Decentralized Stable Coins
DAI, FRAX (R.I.P. UST)
Decentralized stable coins are completely based on the blockchain. DAI is produced and maintained by Maker DAO and uses redundant software to maintain its binding. FRAX uses both software and an algorithm to maintain its binding.

good choice.

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