Tag Archives: cryptocurrency videos

Cryptocurrency Saga – Is Bitcoin a Scam, or Is It the New Frontier?

Cryptocurrency Saga – Is Bitcoin a Scam, or Is It the New Frontier?

Is Bitcoin a scam? Is it a one-hit-wonder? According to Jamie Dimon of JPMorgan Chase and Co, Bitcoin is a scam. Jamie Dimon thinks that Bitcoin will not survive moving into the future for several reasons. However, from what we’ve seen so far, Bitcoin has proven to the world that it’s the new frontier to transparent financial transactions on so many different levels. It has created a great window of opportunity where people can carry out their financial dealings without the fear of anyone or anything monitoring their every move.

Can Governments Restrict the Use of Cryptocurrencies?

Bitcoin is well on its way to overthrow centralized banking, according to numerous cryptocurrency influencers, and that is something most governments do not want to deal with. That could force them into taking drastic measures in a bid to make local currencies maintain relevance. 

For now, the governmental laws imposed on the use of cryptocurrencies are fictional. Even in the nearest future, the possibility of it happening is almost zero because there are too many independent governments, and taking a unilateral decision is virtually impossible. Furthermore, so many countries stand a better chance of growing and developing further by riding on the cryptocurrency wave. Even third world countries can develop at an unimaginable scale since there will be a significant reduction in the inflation rate.

However, the systemic increase in the value of Bitcoin might force them to take specific actions. No government will tolerate any non-controlled currency. Unless they are willing to ignore its expansion, which is likely impossible, most governments will try to limit/erase the use. At a certain stage, governments will probably try to either tax cryptocurrency owners or completely ban them. Hypothetically speaking, if any government should impose a ban on the use of cryptocurrencies, the resulting impact will be massive, to say the least. Every cryptocurrency owner will immediately look to convert their entire stock to something legal.

Furthermore, companies that deal solely on cryptocurrencies will eventually crash, except they can switch to the legal tender. Nonetheless, governments can undoubtedly profit from Bitcoin technology. The technology ensures transparency and accountability in all transactions, which is something non-corrupt governments should seek.

Presently, only a few places allow cryptocurrency transactions. Most big companies remain ignorant of the benefits of transacting in Bitcoin. Cryptocurrencies are not self-reliant either; they are not able to exist as an independent entity. Let us say you are buying a $10 coffee table and paying in BTC. The amount of BTC you pay is simply the USD equivalent. We have not reached the stage where products and services are assigned cryptocurrency price tags.

Realistically, governments would not want to ban cryptocurrencies completely due to the backlash that they will receive. They will try to control it by imposing taxes on owners. That way, it can flourish as much as possible, but the government still has a hand in it.

The New Frontier

As of today, SegWit controls 5% of all Bitcoin transactions. Although this does not look like much, it is an outstanding amount considering how conservative Bitcoin core developers are. Subsequent core client updates will allow more people to switch to SegWit, meaning we might see an additional 5% increase. Furthermore, it is important to incorporate 2-factor authentication in all your exchange accounts. This is to prevent unauthorized access and someone taking away all your money. 

Ultimately, we should be looking at whether Bitcoin and several other cryptocurrencies will survive the onslaught of governmental laws and policies. Bitcoin has to endure to pave the way for others: A task befitting the first frontier of decentralized finance.

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How Long Does Each Bitcoin Take To Mine

How Long Does Each Bitcoin Take To Mine

The highest valued cryptocurrency, Bitcoin, is expected to rise even further in value as time goes on. The simplest means of acquiring Bitcoin is to purchase it. However, over the years, Bitcoin mining has gained quite some focus.

So, how long does it take to mine 1 Bitcoin? It takes approximately 10 minutes, but that is dependent on a number of conditions. Read on to find out what they are.

What is Bitcoin Mining?

Bitcoin mining refers to the processes involved in the attempt to gain Bitcoin as a reward for validating transactions. By computing complicated math puzzles, computers (known in this context as network nodes) compete to add confirmed transactions to the blockchain. The node that wins is rewarded with a new block of Bitcoin. 

Mining involves a lot of computing and electric power, which makes it quite expensive to achieve. There is also a limit to mining as only 21 million Bitcoins are available in supply, the last of which is predicted to be mined by the year 2140. 

Bitcoin mining reward allocations are set to reduce by half every four years. This trend, known as Bitcoin halving, happens in spaces of 210.000 blocks. It was last observed, for the third time thus far, in May 2020, leaving the present reward rate at 6.25 Bitcoins for every block mined.

What Affects the Time Taken to Mine Each Bitcoin?

It takes about 10 minutes to mine 1 Bitcoin. However, one would have to consider the:

  • type of mining hardware
  • hash rate
  • method of mining
  • difficulty of mining

Type of Mining Hardware

It takes special computer hardware to handle the SHA-256 algorithm required for Bitcoin mining. Miners use GPUs (graphics processing units), FPGAs (field-programmable gate arrays), and ASICs (application-specific integrated circuits) to mine Bitcoin. The electric power that these machines consume is an additional cost.

Hash Rate

The amount of power that a network requires to find and validate transaction blocks is known as its hash rate. This indicates the number of operations (or hashes) that a blockchain network can perform per second. Naturally, where there are more network nodes to compete for the block, the network stands a better chance, and the hash rate is higher. 

Method of Mining

Based on the resources available, a miner may choose to do solo mining, which entails taking on the responsibility alone for the maximum reward or to join a mining pool. Mining pools allow people a better chance to benefit from Bitcoin mining by sharing the computing and electric power expenses as well as the rewards.

As an aspiring miner looking to join a pool, you must consider the fees, hash rate, and reputation of the pool. Some common Bitcoin mining pools include F2Pool, Poolin, and Slush Pool.

Difficulty of Mining

Mining difficulty is a metric indicating how difficult it is to hit the right operation or hash to win a Bitcoin block. It indicates how hard a node has to work to win the reward. This metric is constantly fluctuating, making it tough to ascertain the precise time mining will take.

With Bitcoin, the network is set to adjust mining difficulty after every 2016 blocks mined to keep the time required to mine a new Bitcoin block at roughly 10 minutes. If it gets too easy to mine blocks, the network makes it more difficult, and vice versa.

Conclusion

Although the average is 10 minutes, the conditions surrounding Bitcoin mining are never stable, and so it is not easy to tell precisely how long it should take to mine 1 Bitcoin. Understanding how mining works makes it a bit clearer to see why this is so.

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Disclaimer: Statements on this page do not represent the views or policies of anyone other than the person who says or writes them. The information presented to you on this site is made available for discussion purposes only, and is not cryptocurrency investing or any other type of investing recommendations or advice. Under no circumstances does the information on this page or site represent a recommendation to buy or sell cryptocurrencies and crypto securities. All product and company names are trademarks™ or registered® trademarks of their respective holders. The use of them does not imply any affiliation with or endorsement by them. By using this site you agree to our website terms and privacy policy found at watchcrypto.media/terms-privacy. This page contains sponsored content, affiliate links, and/or other forms of paid promotions, as do all pages on WatchCrypto.Media, If you would like to view more details on the sponsored nature of any given page please contact us.

SafePal S1 Hardware Wallet Review | Fingerprint Security for Digital Assets

SafePal S1 Hardware Wallet Review | Fingerprint Security for Digital Assets

Everyone in the crypto world has questions and expectations about the future of Ethereum as Ethereum 2.0’s release keeps getting closer. Will this upgrade be able to address the Ethereum scaling problem along with performance issues? Will the gas prices model be changed? Will the change to proof-of-stake increase the throughput to the level required by the current boom?

While I wonder about all of this in order to decide how to manage my ETH portfolio, crypto projects might have more at stake than I do. Some of them are not waiting for Ethereum’s latest upgrade. Today, I will be updating you with the latest news on Cardano as well as telling you why you should have ADA in your portfolio as it will be overtaking Ethereum next year. We’ll pit ADA vs Ethereum and tell you exactly how Cardano will benefit from an ETH 2.0 stall.

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Disclaimer: Statements on this page do not represent the views or policies of anyone other than the person who says or writes them. The information presented to you on this site is made available for discussion purposes only, and is not cryptocurrency investing or any other type of investing recommendations or advice. Under no circumstances does the information on this page or site represent a recommendation to buy or sell cryptocurrencies and crypto securities. All product and company names are trademarks™ or registered® trademarks of their respective holders. The use of them does not imply any affiliation with or endorsement by them. By using this site you agree to our website terms and privacy policy found at watchcrypto.media/terms-privacy. This page contains sponsored content, affiliate links, and/or other forms of paid promotions, as do all pages on WatchCrypto.Media, If you would like to view more details on the sponsored nature of any given page please contact us.

Will Cardano Overtake Ethereum in 2021?

Will Cardano Overtake Ethereum in 2021?

Everyone in the crypto world has questions and expectations about the future of Ethereum as Ethereum 2.0’s release keeps getting closer. Will this upgrade be able to address the Ethereum scaling problem along with performance issues? Will the gas prices model be changed? Will the change to proof-of-stake increase the throughput to the level required by the current boom?

While I wonder about all of this in order to decide how to manage my ETH portfolio, crypto projects might have more at stake than I do. Some of them are not waiting for Ethereum’s latest upgrade. Today, I will be updating you with the latest news on Cardano as well as telling you why you should have ADA in your portfolio as it will be overtaking Ethereum next year. We’ll pit ADA vs Ethereum and tell you exactly how Cardano will benefit from an ETH 2.0 stall.

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Disclaimer: Statements on this page do not represent the views or policies of anyone other than the person who says or writes them. The information presented to you on this site is made available for discussion purposes only, and is not cryptocurrency investing or any other type of investing recommendations or advice. Under no circumstances does the information on this page or site represent a recommendation to buy or sell cryptocurrencies and crypto securities. All product and company names are trademarks™ or registered® trademarks of their respective holders. The use of them does not imply any affiliation with or endorsement by them. By using this site you agree to our website terms and privacy policy found at watchcrypto.media/terms-privacy. This page contains sponsored content, affiliate links, and/or other forms of paid promotions, as do all pages on WatchCrypto.Media, If you would like to view more details on the sponsored nature of any given page please contact us.

How long does it take to mine 1 Bitcoin?

How long does it take to mine 1 Bitcoin?

The simple answer is that it currently takes about 10 minutes to mine a new Bitcoin. However, mining is a complex process, of which several factors need to be considered.

Bitcoin’s value and demand are projected to rise in the coming years. Buying Bitcoin is the easiest way to obtain the digital currency, but there are other ways to receive it. Mining Bitcoin is a viable option. This article explains how long it takes to mine 1 Bitcoin. 

Mining Explained

Mining Bitcoin involves transaction validation. Nodes (computers) compete to generate new blocks of valid transactions and include them in the Bitcoin blockchain. These nodes are rewarded for their computing power. 

Whenever a Bitcoin crypto transaction is performed, network nodes make sure that it is authentic and then update all information required about the transaction to the blockchain. Nodes compete by solving complex math puzzles. The winning node earns a reward, paid in BTC the native cryptocurrency to the Bitcoin blockchain. 

This process requires a great deal of computing power, making mining an expensive and calculated activity. As compensation for the costs, the network gives the reward for validated transactions.

Bitcoin mining is a finite process as there are only 21 million coins in the total supply. The last of these is projected to be mined about 120 years from now. With the decreasing supply, the number of Bitcoins allocated as rewards reduces every four years, known as the Bitcoin halving. This phenomenon has taken place three times so far, and occurs every 210.000 blocks, reducing the block reward by half. The last halving, which occurred in May this year, left the current rate sitting at 6.25 Bitcoins per block. 

Factors Affecting the Time It Takes to Mine 1 Bitcoin

As earlier mentioned, with Bitcoin’s supply algorithm, the average time required to mine one Bitcoin is approximately 10 minutes. The time needed to create a single new block remains constant, but some other crucial factors that affect the profitability of mining Bitcoin include:

  • mining hardware used
  • hash rate
  • mining method 
  • mining difficulty

Mining Hardware Used

The Bitcoin mining landscape is much different than it was at the start in 2009 when miners could use their PCs to generate new blocks. Bitcoin now uses the SHA-256 mining algorithm, which most computers cannot handle. It takes extremely powerful and efficient hardware to run millions of calculations within a short time. 

Graphics Processing Units (GPUs), Application-specific integrated circuits (ASICs), and Field Programmable Gate Arrays (FPGAs) are the current most broadly used hardware for Bitcoin mining. There is also the issue of electric power consumption, the more powerful the computer is, which is an added expense.

Hash Rate

Hash rate is the measure of how much power the network requires for finding and validation blocks of transactions. This metric expresses the ability of a blockchain network to make computations, calculated by the number of operations done every second (hashes per second).

Hash rate increases with more nodes available to compete to solve a block. So, a network with a higher hash rate simply has a better chance (more nodes competing) to confirm the new block.

Mining Method 

Solo mining to earn a full personal reward is expensive and tedious, as discussed above. Mining pools are the best option for those who can’t afford the huge costs of Bitcoin mining hardware. They allow people to pool resources to achieve a higher hash rate, which means more blocks mined. 

Bitcoin pools share resources to cover the costs of computing and electric power and puts them in the running against big-time mining companies. It also betters the chances of winning the block for a shared reward.

Mining Difficulty

Mining difficulty is an indicator of how hard it is to get the right hash (operation) for each block of Bitcoin. It shows the amount of work a node must put in to be rewarded. 

Mining difficulty is an ever-changing value, so it is challenging to approximate the exact potential mining time. That’s because the bitcoin network is designed to alter difficulty every 2016th block to make sure that the process occurs every 10 minutes.

When it becomes too easy to mine new blocks, the network increases the difficulty, making it harder. The reverse is the case when mining becomes too hard, which may happen if the price of Bitcoin falls, and too many miners quit mining.

Conclusion

Due to the ever-changing factors involved in mining, such as competition and computing power, it is difficult to state the exact time it takes to mine a Bitcoin. The average is 10 minutes; however, it may take a miner more or less time depending on their mining power.

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10 Crypto Trading Mistakes? and How to Avoid Them

10 Crypto Trading Mistakes? and How to Avoid Them | Coin Bureau

Welcome to this cryptocurrency video posted by Coin Bureau. In this video you learn about 10 crypto trading mistakes people tend to make and how to avoid them.

  • Not Having a Plan
  • Hate Taking a Loss
  • Failing to Place Stop Losses
  • Trading Too Many Markets
  • Overtrading
  • Using Too Many Indicators
  • Bad Money Management
  • Too Much Leverage
  • Choosing Bad Exchange / Broker & Advice
  • Not Taking a Profit & Overconfidence
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Disclaimer: Statements on this page do not represent the views or policies of anyone other than the person who says or writes them. The information presented to you on this site is made available for discussion purposes only, and is not cryptocurrency investing or any other type of investing recommendations or advice. Under no circumstances does the information on this page or site represent a recommendation to buy or sell cryptocurrencies and crypto securities. All product and company names are trademarks™ or registered® trademarks of their respective holders. The use of them does not imply any affiliation with or endorsement by them. By using this site you agree to our website terms and privacy policy found at watchcrypto.media/terms-privacy. This page contains sponsored content, affiliate links, and/or other forms of paid promotions, as do all pages on WatchCrypto.Media, If you would like to view more details on the sponsored nature of any given page please contact us.

Blockchain Smart Contract Web Links | 2Key Network

Blockchain Smart Contract Web Links | 2Key Network

Welcome to this cryptocurrency video posted by 2Key Network. In this video you learn about the 2Key Network blockchain services. 2Key has created an innovative new way to run affiliate marketing campaigns. Through the use of blockchain smart contracts, 2Key is able to create blockchain referral links using regular https:// links. Through this innovative approach, 2Key is able to create a precise information sharing chain where all participants get rewarded.

2Key Blockchain Referral Web Links

2key is a key with two dimensions, smart contracts are seamlessly embedded within any web-link. Anytime a link is shared, 2keys network keeps track of the information on both the link's origin and its destination.

Web 3.0 Blockchain Links

Web 3.0 protocol allows for 2key links to be shared and tracks both the sender and the receiver to reward all parties involved. When an event occurs such as a purchase of a product or service the participants can be rewarded as per the variables set in the smart contract.

Referrals are powerful

People are 5 times more likely to try a product or service that has been referred to them by someone they know and trust.

Disruptive and revolutionizing affiliate referral system

There is tremendous potential for smart contract referral links to disrupt centralized affiliate systems. 2Key Network revolutionizes the multi-billion dollar affiliate marketing industry.

View more top paying blockchain affiliate programs.

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Disclaimer: Statements on this page do not represent the views or policies of anyone other than the person who says or writes them. The information presented to you on this site is made available for discussion purposes only, and is not cryptocurrency investing or any other type of investing recommendations or advice. Under no circumstances does the information on this page or site represent a recommendation to buy or sell cryptocurrencies and crypto securities. All product and company names are trademarks™ or registered® trademarks of their respective holders. The use of them does not imply any affiliation with or endorsement by them. By using this site you agree to our website terms and privacy policy found at watchcrypto.media/terms-privacy. This page contains sponsored content, affiliate links, and/or other forms of paid promotions, as do all pages on WatchCrypto.Media, If you would like to view more details on the sponsored nature of any given page please contact us.

Build DApps On Ethereum | Truffle and AWS Cloud9

Build DApps On Ethereum | Truffle and AWS Cloud9

Welcome to this blockchain and cryptocurrency video posted by Amazon Web Services. In this video you learn how you can build dapps using smart contracts on the Ethereumblockchain using Truffle and AWS Cloud9.

How to build a Decentralized Application (dApp) with Truffle on AWS.

  • Learn how to write an Ethereum smart contract,
  • Configure a project using the Truffle Framework
  • Create a local instance with Ganache
  • Learn how to use Drizzle
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Disclaimer: Statements on this page do not represent the views or policies of anyone other than the person who says or writes them. The information presented to you on this site is made available for discussion purposes only, and is not cryptocurrency investing or any other type of investing recommendations or advice. Under no circumstances does the information on this page or site represent a recommendation to buy or sell cryptocurrencies and crypto securities. All product and company names are trademarks™ or registered® trademarks of their respective holders. The use of them does not imply any affiliation with or endorsement by them. By using this site you agree to our website terms and privacy policy found at watchcrypto.media/terms-privacy. This page contains sponsored content, affiliate links, and/or other forms of paid promotions, as do all pages on WatchCrypto.Media, If you would like to view more details on the sponsored nature of any given page please contact us.

How to Spot Market Manipulation in the Crypto Space | Coin Bureau

How to Spot Market Manipulation in the Crypto Space | Coin Bureau

Welcome to this cryptocurrency video posted by Coin Bureau. In this video you learn about how to spot market manipulation in the crypto space.

How do you avoid market manipulation in crypto

  • Pump & Dump Crypto

Market participants and in some cases insiders will manipulate a cryptocurrency in order to 'pump' up the price in hopes that it gains attention. When other parties start to 'fomo' into the crypto the bad actors will 'dump' the coin and make their profits. This will result in the price going back down and the new parties who fomo'd into the cryptocurrency will lose value.

  • Order Book Spoofing Crypto

Order book spoofing is like an illusion. Market participants will create large buy or sell orders without any intent to actually execute the orders. This gives the impression that there is increased demand or selling pressure. Other market participants who see these orders may act upon it and get fooled into decreasing or increasing their position. This is exactly what the spoofer wants to happen. When this happens they will do the opposite and take advantage of the price movement.

  • Wash Trading Crypto

Wash trading is simply the buying and selling of the same asset over and over again to inflate the volume of trades in the digital asset. This makes it look like the digital asset is getting more traction and attention than it really is. This is a way that some projects or market participants will conduct marketing to gain exposure of a specific digital asset.

  • Stop Loss Hunting Crypto

Stop loss hunting in the crypto space is when market participants drive the price down through selling pressure in order to hit certain price points to trigger stop losses. The goal of the market participants who do this is to fill their bags at lower prices.

  • Fear, Uncertainty & Doubt Crypto

Creating a narrative and spreading fake news is a tactic used in both the cryptocurrency space and in traditional markets. Spreading stories that are not true can still get a lot of attention and make it hard to find the real underlying story of a digital asset. Many people will take fake news as if it were real and act upon it by selling their positions.

Cryptocurrency Market Manipulation Awareness

Make sure that you are aware of all these cryptocurrency market manipulation tactics and that you do your own research when purchasing a new digital asset or when learning about news related to the market as a whole or related to your individual holdings.

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As The Financial System Collapses | Become Your Own Bank

As The Financial System Collapses | Become Your Own Bank

Welcome to this cryptocurrency video posted by Nuggets News. In this video you will learn about Bitcoin, cryptocurrencies and how to become your own bank.

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Disclaimer: Statements on this page do not represent the views or policies of anyone other than the person who says or writes them. The information presented to you on this site is made available for discussion purposes only, and is not cryptocurrency investing or any other type of investing recommendations or advice. Under no circumstances does the information on this page or site represent a recommendation to buy or sell cryptocurrencies and crypto securities. All product and company names are trademarks™ or registered® trademarks of their respective holders. The use of them does not imply any affiliation with or endorsement by them. By using this site you agree to our website terms and privacy policy found at watchcrypto.media/terms-privacy. This page contains sponsored content, affiliate links, and/or other forms of paid promotions, as do all pages on WatchCrypto.Media, If you would like to view more details on the sponsored nature of any given page please contact us.

Will Bitcoin Follow Stocks or Recover Faster COVID-19 Crisis

Will Bitcoin Follow Stocks or Recover Faster COVID-19 Crisis | Chico Crypto

Welcome to this cryptocurrency video posted by Chico Crypto. In this video you will learn about the recent crash in the stock market and cryptocurrency markets. Tyler gives his two cents on whether or not Bitcoin will follow stocks, fall faster then stocks, or rebound and recover faster then the traditional markets.

Bitcoin is not a company it is a currency. Bitcoin is not dependent on a company, owning a bitcoin is not like owning shares, you are not owning a share of Bitcoin, you are holding a currency.

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Kyber Network Review KNC | Coin Bureau

Kyber Network Review KNC | Coin Bureau

Welcome to this cryptocurrency video review posted by Coin Bureau. In this video you learn about Kyber Network KNC.

Defi is a fast moving rapidly evolving space in the blockchain industry. From flash loans, decentralized exchanges, derivative portfolio management, uniswaps, and so forth. Almost every week there is a new project that claims to be the best thing since sliced bread. Now, not all these projects that are being released will be here to stay, however defi itself is. The Kyber Network looks to be one of the strongest projects that has the potential to make big waves in the defi space.

Kyber Network Overview

The Kyber Network is a decentralized exchange protocol that provides on-chain liquidity. By on-chain liquidity, it means it is able to give users the ability to swap and exchange ERC-20 tokens with one another on the Ethereum blockchain. The Ethereum blockchain is the most widely used smart contracts platform and a growing world computing machine. Kyber Network allows such transfers to happen through single transactions using smart contracts. Transactions and token exchange rates are taken from an aggregated liquidity pool across multiple sources to give users the best rates available.

Kyber Network Flow

The Kyber Network consists of 'takers', 'makers' and 'maintainers'. Takers take liquidity from the protocol by calling Kyber Networks core smart contract. Takers are end users, exchanges, wallets, and dapps.

Makers aka 'reserves' which provide liquidity to the network for token inventory and pricing. The reserves interact with the Kyber Network's interface smart contracts. When Kyber matches a trade it will find the best trading conditions and execute it all within one single transaction with the best course of action through an automated decentralized instantaneous execution.

Maintainers are parties that have permissions to access the functions. The Kyber Network team for example has access to certain functions.

4 Benefits to using Kyber Network

  1. Instant trade settlement - You don't have to wait for any order fulfillment because settlement and matching is all done within one single transaction.
  2. There is no partially executed orders - it is all done or none of it is done (executed or reverted).
  3. Complete transparency - anyone can verify the rates that are being offered by the reserves to ensure they are getting the best rates available at the time of execution.
  4. Easy to integrate - Kyber Network is simple to use and is easily integrated with smart contracts using the Ethereum blockchain.

Kyber Network Use Cases

  • Off chain token swaps
  • Currency and token conversion
  • NFT payments
  • Auto balance token portfolio weightings
  • Tokenized lending
  • Margin trading
  • Cross chain inter-operability (Ethereum to EOS for example)

Kyber Network Updates

  • Waterloo Bridge - a cross chain protocol that allows users to interchange value, tokens, and execute smart contracts across different blockchains.
  • Katalyst - a protocol upgrade that will increase liquidity and stake holder rewards/participation. The current protocol is designed to burn token fees or paid over to the dapp integrations. This will create a stronger governance model.

Kyber KNC Token

The Kyber Network KNC token facilitates smooth operation of the decentralized liquidity network. Prior to updates one of the only ways that KNC holders would benefit was from the burning of tokens when fees occurred. This creates a benefit for those who HODL long term.

KyberDAO

The burning alone is not enough incentive and it does not reward those who participate in the network. The network will not grow exponentially without the participants being rewarded. This will change with the release of the Kyber Dow and reserve incentives. Burning will still take place on the protocol but holders will also have the opportunity to earn more KNC through the following.

  • Staking on the Kyber Network - Stake and participate in the KyberDAO to get rewards from the network fees.
  • Reserve incentiveskyber network katalyst upgrade
  • - Rewards for providing liquidity and being a market maker. This creates more trading opportunities and helps to grow the Kyber Network ecosystem as a whole.

Kyber Network Katalyst Release

The Kyber Network Team has been doing a great job at building a strong global community. They have been active with meetups across many countries. They are one of the most active projects in the Ethereum community. They have been present and active at Blockchain Week in Germany, to ETH India, to ETH Denver. There have been a number of Kyber Network hackathons and events. Watch the crypto video above to get all the details on Kyber Network and where it is heading in the months and years to come.

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Buy the Dip? Big Bitcoin Crash! Ethereums Maker DAO

Buy the Dip? Big Bitcoin Crash! Ethereums Maker DAO | Altcoin Daily

Welcome to this blockchain and cryptocurrency video by Altcoin Daily. In this video you learn about Bitcoin crashing over the last few days here in March 2020. This crash is the largest cryptocurrency crash in many years. Ethereum's Maker DAO is also having troubles due to Ethereum falling as quickly as it did. Eth dropping about 50% made DAI stable coin have difficulties operating correctly.

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Sell or Hodl March 2020 Flash Crash | Chico Crypto

Sell or Hodl March 2020 Flash Crash | Chico Crypto

Welcome to this cryptocurrency video posted by Chico Crypto. In this video you will learn about the recent drop in Bitcoin and the cryptocurrency industry as a whole.

Mining around the world is entering into a period where it may not be profitable to mine Bitcoin. The majority of mining rigs in the US for example will not be profitable when the price dips below the $6k level.

China which has a 65% mining power for the Bitcoin Core network. The majority of miners in the US S17's which still are profitable at levels other miners may not be. Watch the crypto video above to learn more about Bitcoin mining and the current state of the crypto market.

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ERC-1155 Tokens, Enjin Review and the Future of Crypto Games

ERC-1155 Tokens, Enjin Review and the Future of Crypto Games | Coin Bureau

Welcome to this cryptocurrency video review posted by Coin Bureau. In this video you learn about Enjin (ENJ).

Enjin was founded in 2009 in the early days of cryptocurrency projects. Enjin had a successful ICO in 2017. Enjin has set out to build an all in one decentralized blockchain gaming development platform. The Enjin project enables game developers to unlock new ways to raise funds from their audiences to create and improve on new and existing games.

Enjin is leading the way in the decentralized gaming development niche with only a few competitors at this time. The gaming industry is massive and the audience that can be reached through this technology can help to bring blockchain to the masses. There are over 2 billion gamers in the world and younger generations are becoming more tech savvy then their family's before them. Enjin aims to capitalize on this untapped future market. Enjin is one of the main parties behind the ERC-1155 token.

ERC-1155 allows for digital assets and data to be stored within one contract that has been designed to store data with a minimum possible amount of data required to differentiate one token from other ones.

View more videos related to Non Fungible Tokens

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Disclaimer: Statements on this page do not represent the views or policies of anyone other than the person who says or writes them. The information presented to you on this site is made available for discussion purposes only, and is not cryptocurrency investing or any other type of investing recommendations or advice. Under no circumstances does the information on this page or site represent a recommendation to buy or sell cryptocurrencies and crypto securities. All product and company names are trademarks™ or registered® trademarks of their respective holders. The use of them does not imply any affiliation with or endorsement by them. By using this site you agree to our website terms and privacy policy found at watchcrypto.media/terms-privacy. This page contains sponsored content, affiliate links, and/or other forms of paid promotions, as do all pages on WatchCrypto.Media, If you would like to view more details on the sponsored nature of any given page please contact us.

Chainlink Honeycomb API Data for Defi Applications

Chainlink Honeycomb API Data for Defi Applications

Welcome to this blockchain video posted by Chainlink. This video is a presentation given by CEO of CLC Group Heikki Vanttinen. In this video you will learn about Chainlink and Honeycomb and how they both achieve different things related to connecting smart contracts to real world data.

Honeycomb sits between the node and the API. Honeycomb marketplace main use-case is a source of premium API data for DeFi applications.

Chainlink is a distributed oracle network that facilitates smart contracts in the secure access of offchain data feeds, web API's, and payments.

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Disclaimer: Statements on this page do not represent the views or policies of anyone other than the person who says or writes them. The information presented to you on this site is made available for discussion purposes only, and is not cryptocurrency investing or any other type of investing recommendations or advice. Under no circumstances does the information on this page or site represent a recommendation to buy or sell cryptocurrencies and crypto securities. All product and company names are trademarks™ or registered® trademarks of their respective holders. The use of them does not imply any affiliation with or endorsement by them. By using this site you agree to our website terms and privacy policy found at watchcrypto.media/terms-privacy. This page contains sponsored content, affiliate links, and/or other forms of paid promotions, as do all pages on WatchCrypto.Media, If you would like to view more details on the sponsored nature of any given page please contact us.

DAI Review | Maker Stablecoin Explained

DAI Review | Maker Stablecoin Explained | Coin Bureau Update

Welcome to this cryptocurrency video review posted by Coin Bureau. In this video you learn about Maker stable coin DAI.

DAI was first launched in 2017 by the Maker team. Maker's plan is to develop a line of decentralized stablecoins. These stable coins will be tied to other assets. Two tokens have been issued - MKR and DAI.

DAI works through a balance of economic incentives and game theory. Arbitrage opportunities are created every time there is a deviation from the 1 to 1 pegbetween DAI and the paired asset.

The DAI stablecoin is an ERC-20 token on the Ethereum blockchain.

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Chainlink Fireside Chat | San Francisco

Chainlink Fireside Chat | San Francisco

Welcome to this blockchain interview video posted by Chainlink. This video is a fireside chat with Sergey Nazarov, the CEO of Chainlink along with Chainlink advisor Ari Juels, who is a Professor at Cornell Tech. The main topic of discussion is connected smart contracts, onchain/offchain connecting oracles, and the Chainlink protocol.

Chainlink is a the leading blockchain middleware company that is still relatively new but already being used by enterprises such as SWIFT, Google, Oracle, and smart contract teams such as Web3 Foundation, OpenLaw, OpenZeppelin, Hedera Hashgraph, Zilliqa, and lots of others.

Chainlink is working with major banks,large technology firms, insurance companies, and enterprises and many other industries in helping the adoption of enterprise blockchain. Without oracles, smart contracts are incomplete with real world offchain data. Smart contracts need a secure and reliable way to connect off-chain data to blockchains. This is the functionality Chainlink uniquely provides.

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How To Become A Freelance Blockchain Developer

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Welcome to this episode of Dapp University. In this episode you will hear Gregory discuss ways to become a blockchain freelance developer.

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