avax crypto

Summary:

  • A summary of USDT, XTZ, HEX, BCH, AVAX
  • Stablecoins, Web3, Certificate of Deposit
  • Proof of work, proof of stake, proof-of-history.

The Tether USDT Platform

Tether is a Hong-Kong based company that issues the USDT is a stablecoin that mirrors the price of the US Dollar. The aim of the Tether platform is to combine the unrestricted nature of cryptocurrencies (transferring of assets between parties without the need of a financial intermediary) with the stable value of the US Dollar.

In recent times, stablecoins are sometimes being used as a hedge against inflation, instead of keeping fiat currency in an account earning small interest where users can lend their stablecoins and earn yields between 3-20%.

Tether does not have its own blockchain, instead operates as a second-layer token on top of other cryptocurrencies’ blockchains: Ethereum, Bitcoin, EOS, Tron, Algorand and OMG, the hashing algorithms of these blockchains secures Tether USDT.

Read more: Altcoins: Tethe

Tepid BoJ Stance Despite Inflation Surge: Future Policy Outlook

Shiba Inu (SHIB) Gained 15%! (BTC) Bitcoin Lost 0.8%, Ethereum (ETH) Added 1.8%, Avalanche (AVAX) 0.9% Up

Alex Kuptsikevich Alex Kuptsikevich 13.04.2022 08:40
BTC was down 0.8% on Tuesday, ending the day near $39,500. On Wednesday morning, the price stabilized around the $40K level, showing a slight increase of 0.4% over the past 24 hours. Cryptos try to stabilize Ethereum added 1.8% during the same time. Other leading altcoins from the top ten are showing growth in the range from 0.9% (Avalanche) to 3.7% (Binance Coin). The Shiba Inu Token (SHIB) has also jumped by 15%, becoming the growth leader in the TOP-100. According to CoinMarketCap, the total capitalization of the crypto market increased by 1.5% per day to $1.87 trillion. The Bitcoin Dominance Index fell 0.4% to 40.7% on a sharper rebound in altcoins. Related article: What Are Altcoins? (ADA) Cardano Price, (LTC) Litecoin And Bitgert (BRISE) Analysis Сrypto market attempts to stabilize after the downturn caused the Fear and greed index to strengthen. It added 5 points up to 25 by Wednesday morning and remained in a state of "extreme fear". Bitcoin remains the lame duck of the crypto market due to the prevailing price decline in traditional financial sectors. BTC tried to correct upwards on Tuesday after a strong drawdown the day before. According to CoinShares, institutional investors withdrew $134 million from crypto funds last week, the most in 13 weeks. BTC can outperform bonds and stocks It is still difficult to find confirmation of the hypothesis that cryptocurrencies are a hedge against inflation. The latest US consumer inflation data showed an 8.5% rise in prices in the US. During the same time, the capitalization of the crypto market in dollars decreased by 13%, reducing the purchasing power of the initial capital by more than 20%. Speaking of Germany, for example, with its 7.6% price increase per year, an 8% depreciation of the euro against the dollar should also be added to the equation, which will further increase the losses. Investments in gold, on the other hand, give real (inflation-adjusted) growth of 8%, and in euros - more than twice as much. Related article: ECB To Shock Markets In The Following Week!? US Dollar Rate Under Pressure As Well! The FxPro Analyst Team emphasized that this relationship is critical for retail investors, most of whom make decisions based on rather impulsive estimates and proceed from the foreseeable horizon. At the same time, the institutional approach still points to the attractiveness of cryptocurrencies. Bank of America believes that Bitcoin and other cryptocurrencies could outperform bonds and stocks in the face of a potential global economic recession. Investment agency Morningstar believes that cryptocurrencies have no equal in terms of income among assets, although they have too high volatility. This is similar to the issue of new assets that the US stock market went through about a hundred years ago. By the beginning of the new century: it was the sector of high-tech companies, and now is the turn of cryptocurrencies.
Altcoins: What Is Avalanche (AVAX)? A Deeper Look Into The Avalanche Platform | Rebecca Duthie

Altcoins: What Is Avalanche (AVAX)? A Deeper Look Into The Avalanche Platform | Rebecca Duthie

Rebecca Duthie Rebecca Duthie 31.05.2022 16:06
Summary: What is the Avalanche Platform and how does it work? Advantages of the Avalanche exchange. Avalanche’s past, present and future price positions. Read next: Altcoins: What Is Polkadot (DOT)? Cross-Chain Transfers Of Any Type Of Asset Or Data. A Deeper Look Into Polkadot Protocol | FXMAG.COM The Avalanche Platform The Avalanche platform is extremely fast, low-cost and eco-friendly. The Avalanche platform is an open, programmable smart contracts planform for decentralised applications (DApps). The Avalanche cryptocurrency rivals Ethereum, and its native token is AVAX. Avalanche prioritises transaction speed and scalability. In addition, the Avalanche network is a proof-of-stake (PoS) network. The Avalanche platform was officially launched in september of 2020. The platform is built across three chains: the C-chain (contract chain) which hosts Avalanches DeFi ecosystem, X-chain (exchange chain) and P-chain (platform). Through the launching of Ethereum's decentralised applications, (which confirm and instantly process thousands of transactions per second, which is far ahead of any decentralised platform today) it is possible to build fast, low-cost solidity-compatible dApps. Avalanche has a maximum supply of 720 million AVAX tokens, with more than 271 million in circulation currently. Avalanche’s current market capitalisation is around $7.25 billion. It is possible to launch private and public customised blockchains; these blockchains can be deployed to fit users own personal needs, dictate how the blockchain should operate and build their own virtual machines. Users are able to scale to millions of validators even through using minimal hardware. Users can lock-up or stake their AVAX to help process transactions and further secure their platform (the security guarantees are well above the 51% standard). The hardware required to join the platform likely exists on your devices already. The Avalanche platform has strong, rigid competitors such as Ethereum, the validators on the platform must stake 2,000 AVAX, careless or malicious validators do not get penalised on this platform. Avalanches native token, AVAX AVAX is used to secure the Avalanche network, to act as a basic unit of account amongst the blockchains in the Avalanche network and to pay transaction processing fees. Avalanches transaction fees are burnt. The AVAX token is used in staking (pledging crypto), to participate in the validation process and to help secure the blockchain. Factors that make Avalanche unique: The rate of coin creation: Avalanche users decide how fast new coins are created. The users control the rate of coin creation by means of voting to change the amount of AVAX that is rewarded to those users who add new blocks to the Avalanche blockchain. Transaction fee structure: the transaction processing costs change depending on the type of transaction and Avalanches network congestion at the time. All fees are burned (removed from circulation) to enable AVAX to become more scarce over time. The AVAX transaction fees are changeable due to the fact that Avalanche users vote on the fee. Consensus mechanism: the transactions made on the Avalanche blockchain are confirmed through the use of a unique method that requires many small, random subsets of network participants in order to confirm transactions before they are finalised. Participation incentives: both high uptime and fast responses can boost the amount of AVAX rewards that a network participant can earn for processing AVAX transactions. Advantages of Avalanches platform: Fast transaction processing time. Reward structure incentivises participation. The avalanche platform is capable of supporting many blockchain-based projects. The randomness of the consensus mechanism makes it a secure cryptocurrency. Avalanche claims that its platform supports stronger safety measures, therefore making the blockchain less vulnerable than other blockchains. Where to buy AVAX There are currently many top exchanges where users can obtain AVAX, such as Binance, OKX, CoinTiger and FTX. Past, present and future prices of Avalanche After the launch of the Avalanche network, the price took a few months to take off, and has since seen quite a lot of volatility. The price rose substantially in the second half of 2021 but has since fallen consistently. Over the past few months, the markets have been facing strong investor risk-off sentiment in the wake of the geopolitical tensions, Covid-19 lockdowns in China and supply chain issues. The cryptocurrency market has followed the trends of the greater market during these times, therefore the price of most cryptocurrencies have been falling, Avalanche falls under this category. According to some analysts the future price of AVAX could reach up to $268 by 2026. However, it is important to remember that this future price prediction is based solely on data and does not take into account factors such as investor sentiment and the ever changing market conditions, both of which make it difficult to make accurate future price predictions. AVAX Price Chart Read next: Altcoins: What Is Litecoin (LTC)? A Deeper Look Into The Litecoin Platform| FXMAG.COM Sources: cryptonewsz.com, finance.yahoo.com, coindesk.com, investopedia.com, avax.network
Cross-Chain Interoperability Solutions Have The Potential To Significantly Improve

5 Cryptocurrencies To Keep A Watch On: Tether (USDT), Tezos (XTZ), HEX (HEX), Bitcoin Cash (BCH), Avalanche (AVAX)

Rebecca Duthie Rebecca Duthie 08.07.2022 13:23
Summary: A summary of USDT, XTZ, HEX, BCH, AVAX Stablecoins, Web3, Certificate of Deposit Proof of work, proof of stake, proof-of-history. The Tether USDT Platform Tether is a Hong-Kong based company that issues the USDT is a stablecoin that mirrors the price of the US Dollar. The aim of the Tether platform is to combine the unrestricted nature of cryptocurrencies (transferring of assets between parties without the need of a financial intermediary) with the stable value of the US Dollar. In recent times, stablecoins are sometimes being used as a hedge against inflation, instead of keeping fiat currency in an account earning small interest where users can lend their stablecoins and earn yields between 3-20%. Tether does not have its own blockchain, instead operates as a second-layer token on top of other cryptocurrencies’ blockchains: Ethereum, Bitcoin, EOS, Tron, Algorand and OMG, the hashing algorithms of these blockchains secures Tether USDT. Read more: Altcoins: Tether (USDT), What Is It? - A Deeper Look Into The Tether Blockchain  The Tesoz platform Tezos platform is an open-source platform that tries to fix the main barriers that are facing blockchain adoption for assets and applications. Tezos is backed by validators, builders and researchers from a global community. Tezos’ design embraces upgradability in the long-term, collaboration, participation and smart contracts safety. The Tesoz platform was designed to power the web3 revolution. According to Tesoz.com, “The future of the internet is being built on Tezos” the core of the Tesoz platform is user participation and governance. Users are able to frictionlessly and directly communicate with each other over a decentralised network, interacting with various applications and exchanging value, without the need for intermediaries. On Tezos, web3 can be truly user-governed and user-centric, the way it was meant to be. Tezos offers institutional grade security. It is designed to provide the safety and code correctness that is required for assets and other high value cases. This safety is and code correctness is provided at both the application and protocol layers, this is done by leveraging the OCaml and Michelson languages, both of which facilitate formal verification, a practice that is normally used in mission-critical industries. The future of web3 can be secure on Tesoz. Read more: Altcoins: Tezos (XTZ) What Is It? - A Deeper Look Into The Tezos Platform  The HEX platform HEX is an ERC20 token that is launched on the Ethereum network. The HEX token is designed to act as a store of value to replace the Certificate of Deposit as the blockchain counterpart of the Certificate of Deposits used in traditional financial markets. HEX token is also designed to leverage off the emerging decentralised finance (DeFi) ecosystem in finance using the Ethereum network. HEX utilises the Ethereum network for the transaction layer (the layer that makes it possible to send and receive HEX tokens as well as allowing interactions with the HEX smart contract), whilst the consensus code and staking mechanism is contained in the HEX smart contract. Certificates of Deposits are common investment tools that are normally managed by banks. The Certificate of Deposit market is a trillion dollar market and is used worldwide. HEX took the concept of Certificates of Deposits, removed banking fees, added a higher average return rate and turned it into a decentralised cryptocurrency. Read more: Altcoins: What Is HEX? - A Deeper Look Into The HEX Blockchain  The Bitcoin Cash Platform Bitcoin Cash (BCH) is an extension of the Bitcoin (BTC) cryptocurrency and was created as a way to get around some of Bitcoins flaws, it was launched in August 2017. Anybody who held Bitcoin (BTC) at the time of Bitcoin Cash’s launch, received BCH. Both platforms are run mainly on the framework, proof-of-work (PoW), and make use of nodes to verify transactions. The main differentiating characteristic between Bitcoin Cash and Bitcoin is the blocksize. The blocks in the Bitcoin Cash blockchain can be larger, this means that more Bitcoins can be processed at a time, therefore the additional space aids in avoidance of higher fees. Bitcoin Cash offers more anonymity and privacy than mainstream platforms such as banks and credit cards etc. it is almost impossible to discover who controls a Bitcoin address. Bitcoin Cash supports token protocols that are able to power a wide diversity of projects and makes it easy for users to create their own token backed projects. Read next: Altcoins: Bitcoin Cash (BCH), What Is It - A Deeper Look Into Bitcoin Cash  The Avalanche Platform The Avalanche platform is extremely fast, low-cost and eco-friendly. The Avalanche platform is an open, programmable smart contracts planform for decentralised applications (DApps). The Avalanche cryptocurrency rivals Ethereum, and its native token is AVAX. Avalanche prioritises transaction speed and scalability. In addition, the Avalanche network is a proof-of-stake (PoS) network. The Avalanche platform was officially launched in september of 2020. The platform is built across three chains: the C-chain (contract chain) which hosts Avalanches DeFi ecosystem, X-chain (exchange chain) and P-chain (platform). It is possible to launch private and public customised blockchains; these blockchains can be deployed to fit users own personal needs, dictate how the blockchain should operate and build their own virtual machines. Read more: Altcoins: What Is Avalanche (AVAX)? A Deeper Look Into The Avalanche Platform | Rebecca Duthie  Sources: fxmag.com

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