BCH

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

Cryptocurrency market: Bitcoin Cash - what could a valid breakdown below 95.15 mean?

Altcoins: Bitcoin Cash (BCH), What Is It - A Deeper Look Into Bitcoin Cash

Rebecca Duthie Rebecca Duthie 30.05.2022 15:25
Summary: What is the Bitcoin Cash Platform and how does it work? Advantages of the Bitcoin Cash exchange. Bitcoin Cash’s past, present and future price positions. Read next: Altcoins: Tether (USDT), What Is It? - A Deeper Look Into The Tether Blockchain| FXMAG.COM 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 has a maximum supply of 21 million tokes, a market capitalisation of more than $3.5 billion and a current circulating supply of just over 18.5 million tokens.   Bitcoin Cash offers peer-to-peer electronic cash. The Bitcoin Cash platform brings safe money to the world, which fulfils the original promise of Bitcoin as “Peer-To-Peer Electronic Cash”. Through reliable confirmations and low fees, traders feel empowered. The future of Bitcoin Cash looks bright with its permissionless innovation, global adoption, unrestricted growth and its decentralised development. Benefits of the BCH platfrom 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. Bitcoin Cash supports worldwide freedom thanks to its permissionless open network. Bitcoin Cash users are empowered to speak with other real people without being interrupted. In addition the platform is decentralised, non-aggressive and voluntary. Decentralised finance (DeFi) applications are supported by the SmartBCH, which is a high performing EVM and Web3 compatible sidechains. A growing number of NFT projects and decentralised exchanges are included in this. Advantages of the Bitcoin Cash platform The Bitcoin Cash platform is extremely fast, transactions happen in seconds and get confirmed within minutes. Reliable, the Bitcoin Cash platform runs without problems or backlogs. The fees to send money both locally and to anywhere in the world using the Bitcoin Cash platform are extremely low. The Bitcoin Cash platform is extremely user friendly with no limits on transaction sizes and without the need for permission. The stability of the Bitcoin Cash platform has been a proven store of value. The Bitcoin Cash platform has been proven to be one of the worlds most robust blockchain technologies. The Bitcoin Cash platform is available to its users 24 hours per day 365 days per year. Users are their own bank and have full control over their money. Bitcoin Cash gives users full sovereign control over their funds, which are accessible from anywhere in the world. Bitcoin Cash has their own currency which has a fixed supply of 21 million tokens, this represents sound money. Many merchants offer discounts for paying with Bitcoin Cash due to the fact that it eliminates credit card fees and helps to expand adoption of this new system. Merchants also have certain benefits: Very low fees, the fees for transacting Bitcoin Cash are super low, in addition, the fees for going through merchants to exchange Bitcoin Cash for fiat currency are also lower than more traditional methods of doing this. There are no chargebacks for merchants, fraud protection is built into the Bitcoin Cash system, with no extra charge for the merchants. As Bitcoin Cash becomes increasingly popular, users often favour merchants who allow Bitcoin Cash payments and sometimes seek them out, Free press and marketing. Past, Present and future prices of BCH In the past, the price of Bitcoin Cash reacted to mining and rival coins and made BCH spike hugely. Many market participants began to see Bitcoin Cash as a rival currency instead of a fork of Bitcoin. After the spike, the price has fallen consistently, until seeing a rise in the price in the first half of 2021. Over the past month, 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 has been falling. According to some analysts, the price of Bitcoin Cash is expected to increase to more than $905 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. Bitcoin Cash Price Chart Read next: Altcoins: Cardano (ADA) What Is It? - A Deeper Look Into Cardano (ADA) | FXMAG.COM Sources: finance.yahoo.com, bitcoincash.org, coinmarketcap.com, cryptonewsz.com
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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