Author: Investopedia
Non-fungible tokens or NFTs are cryptographic assets on a blockchain with unique identification codes and metadata that distinguish them from each other. Unlike cryptocurrencies, they cannot be traded or exchanged at equivalency. This differs from fungible tokens like cryptocurrencies, which are identical to each other and, therefore, can be used as a medium for commercial transactions. The distinct construction of each NFT has the potential for several use cases. For example, they are an ideal vehicle to digitally represent physical assets like real estate and artwork. Because they are based on blockchains, NFTs can also be used to remove intermediaries and connect artists…
Initially a niche market avoided by traders and investors, cryptocurrency has grown into a popular class. If you’re interested in taking part in this exploding sector, you’ll need to use a cryptocurrency exchange to gain exposure. Cryptocurrency trading is similar to trading on a stock exchange; however, you’re limited to trading on cryptocurrency exchanges. Most cryptocurrency exchanges calculate fees in one way: a tiered-level structure that charges a percentage of your 30-day trading volume. Learn more about the fees you’ll pay when you trade cryptocurrency so that you can develop strategies to keep them from eating away at your profits. Cryptocurrency…
Although cryptocurrencies have been in existence for nearly a decade, it is only in the recent past that they have come to dominate conversations among investors. Digital currencies have experienced a boom in interest and value previously unseen in the area. Now, hundreds of cryptocurrencies have followed in the footsteps of early leaders like Bitcoin (BTC), and there are a similarly staggering number of new applications and projects making use of blockchain technology as well. While digital currencies are undoubtedly incredibly popular, they remain a mystery in many ways. Of primary concern to many investors, analysts, and advisors, is the extreme volatility that the digital currency world as a…
Bitcoin Cash (BCH), the 24th largest cryptocurrency by market capitalization as of year-end 2021, and the most prominent the dozens of different bitcoin forks, had its own split on November 15, 2018 — into Bitcoin Cash and Bitcoin SV. Through the process of hard forking, the original cryptocurrency, Bitcoin Cash, remained in place and continued to follow its previous protocols. At the same time, a second currency, Bitcoin SV, was generated according to an updated set of protocols. The two token systems will continue to develop simultaneously and on parallel tracks. The original bitcoin cash touted the software version Bitcoin ABC, while the new version…
Litecoin founder Charlie Lee often refers to the cryptocurrency as the “silver to Bitcoin’s gold.” Apart from sharing the same codebase, both cryptocurrencies also exhibit mostly similar price movements in cryptocurrency markets, rising and falling in tandem. They also complement each other. Bitcoin’s original mandate was to become a medium for daily transaction. But scaling problems have prevented it from fulfilling that role. Meanwhile, Litecoin has picked up the mantle and incorporated scaling technologies into its ecosystem to enable digital payments on its platform. In 2017, Litecoin had, what some analysts called, a phenomenal year. As of 2021, there are 3,178…