Energy industry: What can Blockchain improve besides security?

Energy industry: What can Blockchain improve besides security?

How Blockchain Can Improve Security and Other Operations

Since blockchain is a public, noneditable record-keeper, it is a fantastic tool for any company that wants to operate on large-scale information projects without regulation. Ever since 2015, it was suggested that world governments should start to test blockchain as a tool to ease bureaucracy.

A recent study in Renewable and Sustainable Energy Reviews discovered that blockchain‘s “hash” functionality makes it an uncompromising tool for safety.

“Cryptographic hash functions are mathematical algorithms or one-way functions,” the researchers explain.

How does the hash work? The Hash functions “take an input and transform it into an output of specific length”, which is known as the hash output.

“Their operation relies on the fact that it is extremely difficult to recreate the original input data from the hash output alone (collision resistance).”

The encryption procedure is automated by the blockchain, and this also makes it exceedingly hard for hackers to exploit this information.

Taking Advantage of Blockchain Benefits

Energy and utility companies can leverage blockchain technologies to aid lines of business which will need to share findings with others. Because most electricity businesses contain many departments across different energy resources, blockchain will level the playing area and make each group’s data available to other people. Even more, an energy firm will not need to be concerned about exposing its inner information since blockchain-based cross-functional sharing will remain secure as the app scales.

What are the possible use cases for blockchain for the energy and utility companies?

  1. Allowing an easier exchange of electricity between providers and clients by tokenizing energy units.
  2. Employing DLTs (distributed ledger technology) of a blockchain to set up microgrids that may track the use of power and execute trades, resulting in more efficient energy usage.
  3. Tracking the location where electricity was created and stored to ease peer-to-peer energy trading.
  4. Tracking energy costs to assist operators of charging stations for electric automobiles better-set costs.
  5. Creating tokens for energy credits to simplify the process of issuing and tracking the carbon offset credits. This can lead to a reduction in carbon emissions.

Blockchain’s uses extend far beyond the boundaries of resource mining, product development and client relations. In addition, it can be used to enlarge an organization’s global community, and its own inherent factual coverage structure adds itself to creating reports for compliance purposes.

Learn how to predict crypto price trends

Learn how to predict crypto price trends

Cryptocurrencies are quickly becoming an alternative to the traditional fiat currency. Cryptocurrency has become available to buy in many countries, which makes it accessible to everybody. Some retailers are accepting a variety of cryptocurrencies, which might be an indication that cash as we know it is going to undergo a significant shift. Aren’t you eager to discover how to predict crypto price trends?

Additionally, the blockchain technologies have several other promising software. Implementations of secure, decentralised systems might assist us in beating organisational issues of security and trust, which have plagued our society. In effect, we could disrupt sectors core to markets, companies and societal constructions, eliminating inefficiency and individual mistakes.

So I ask you: how important is cryptocurrency in this context? If you consider crypto to be valuable, then here’s how to predict crypto price trends. After all, these steps should be followed for a successful cryptocurrency investment strategy.  We gathered some of the most known and used methods which can help you predict crypto price trends.

Start with analysing the market

Analysing the market and what kind of analysis to make is the key.

When talking about price analysis, we think about graphs that show how cryptocurrencies have played against fiat currencies, like the $US, over time. At first glance, they seem like meaningless lines moving down and up, but the information tells a story about how recent incidents from the crypto market have influenced costs and what may happen next.

The analysis is essential for traders. It will help them make informed decisions about when it is ideal to purchase, sell or hold crypto. Indeed, the oldest types of price analysis emerged back in the 18th century in Asia, as it had been used to plot fluctuations in the purchase price of rice. There are three kinds of analysis to be made: technical, fundamental and sentimental analysis.

The technical analysis involves discovering statistical tendencies based on historical action, analysing price movements and other indicators that are essential, such as trading volume. These analysts typically have the doctrine that prices follow trends and history repeats itself, and they utilise their information to predict if the cost will go down or up in the long run. Nevertheless, it is like calling the weather, so it might not become true.

Fundamental analysis requires another strategy. Rather than looking where prices are moving, they seem to be looking at what are the things that push the numbers. Like the market or the way the business has been handled, to ascertain an asset’s worth.

Sentimental analysis sees traders effectively take the pulse of important players in the marketplace: journalists, influencers and regular consumers one of them. Here, the philosophy is that data doesn’t always tell the full story. Tendencies such as fear selling or a purchasing spree could be picked up beforehand based on public perceptions.

Predict crypto price trends by reading charts

New to reading charts? Do not worry! It is much easier than you imagine. The graphs can come in a few different forms, but we will discuss the most used chart: the candlestick chart. You can find them in most crypto exchanges, and some even offer the option to change the kind of chart to be shown.

This is a critical step when proceeding with technical analysis. It’s essential to determine how prices have developed over days, weeks or even months. The average price for a period of a 24-hour interval will not tell the entire story.

Candlesticks show the details on how the cost of a crypto asset fluctuated throughout a single trading session and help you make comparisons between more extended periods.

There are a few things to remember about the way the candlesticks are constructed, that will tell you everything you need to know.


elements of candlestick how to predict crypto price trends

When costs have gone up over the course of one day, the chart will show a green candlestick. The thin line in the bottom indicates the lowest cost that has been listed for its crypto-asset throughout the trading session. The thin line on top shows the maximum price for which it was traded.

Let’s take a look at the rectangle. The base of it indicates the price for which the cryptocurrency or asset was trading when the market opened, and the top of the rectangle means the price upon closure.

When prices have a downward trend, the candlesticks turn red. The principle for studying the graph is the same, but what is inverted. The thin line on top indicates the maximum price, and the one on the bottom shows the lowest one. The trading session exemplified by the thick red line, from top to base, illustrates where costs stood as soon as the markets closed and opened.

It is a gorgeous invention that has been tried and tested for centuries. Because the crypto world could be so volatile, hourly candlestick graphs are common to find.


Know what action to take based on the charts

Traders look for familiar candlestick graphs.

Here are a few recognisable types of candlesticks.

Hammer candlestick generally offers a very long line in the base, which suggests that costs have dropped steeply before recovering to close higher. Ordinarily, this may imply crypto resources were being marketed widely throughout the trading session, but buyers exerted sufficient pressure to assist costs to rise again.

This routine may also be inverted.

Shooting star candlesticks look very like inverted hammers but happen in a different situation. These are generally seen after cost advances and indicate an asset might be about to set off on a downward tendency.

Hanging man candlesticks are also helpful for analysing when markets may begin weakening. These candlesticks appear when the prices have been going up for a while. The long thin line suggests that selling pressure of this trading session has come to an end.

types of of candlestick how to predict crypto price trends

When studying candlestick graphs, it’s vital to find a short-term perspective in addition to a long-term view. Also, don’t forget to take the necessary measures to safeguard yourself in the event of market volatility. This is generally achieved with a stop-loss or stop-limit, which entails mechanically selling an asset once it reaches a predetermined low or high stage. Also, remember that volatility is not all bad. Profits can be made even when crypto markets are going down.

Use the most popular technical analysis techniques to predict crypto price trends

The internet is full of articles and analysists trying to discover how to predict crypto price trends and to forecast where the market is going.

Here are two methods used by these analysts.

1. Trend lines

This method is trying to take out the anomalies and extreme outliers from the trend of one cryptocurrency’s price, in order to detect if there is an upward trend, or downward, if the prices are lowering on subsequent days.

This, together with assessing the form of candlestick graphs (mentioned above), can help show if there is or not a trend that will likely last or that will end soon, allowing traders to make considered decisions about which the short-term strategy they should adopt.

2. Moving average

This similar approach entails monitoring the price of a crypto asset over a definite time. You can set your period: a week, a month or even longer.

By comparing moving averages within a shorter time period with a longer period of time, you can discover new trends and significant levels of growth and decline that a long-term statistical observation would not clearly reflect.

tools for technical analysis how to predict crypto price trends

Even though this technical analysis is the most frequent kind of investigation in the crypto world, it is essential to consider other different variables too.

Always keep in mind that technical evaluation will not tell you the fundamental aspects which are impacting the marketplace and causing prices to head down or up.

Relying on just one kind of analysis is not enough.

Hacking attacks, regulatory rulings, news reports, business agreements and new product launches can help you to stay ahead. This information can also give a hint on where the candlesticks will fall before it does so.

Of course, there are other methods, if you are not the kind of person to stare at charts all day. But please keep in mind that these are just crypto price trends and predictions and that nothing is for sure.

To get the broader picture, it is necessary to stay connected with what happens in the crypto world on a daily basis.

Check out these other resources for a successful start with crypto investments:

How to make money when the crypto market is down?

How to make money when the crypto market is down?

Even when the crypto market is in a downward trend, there are still a couple of techniques you can use to make money. Of course, there’s a tradeoff between risk and reward, and it’s up to each one of us to find his personal balance between the two.

And if you don’t want to take any risks, remember that you can always get free crypto even when the market crypto is low.


What is shorting? Shorting, or short sale is the reverse of purchasing a coin and expecting for the price to rise.

As soon as you close your short position, you then need to buy the exact same amount of coins at the present cost to provide the exchange back precisely the exact same quantity of coins.

Consequently, in a quick sale, the most desirable situation is one where you commence the short position in a high cost, and near your standing at a minimal price, hence selling high and buying low. This technique is usually utilised to hedge funds and reduce risk, but maybe a potent tool when confronting an elongated downturn in the marketplace.

Shorting is somewhat insecure as the losses are uncapped on account of the price’s capability to proceed upward without jump; at a lengthy-standing, your reduction is capped at the of their cost going to 0. 1 method of obtaining coins to short market is using a lending platform like ETHLend.

shorting how to make money when the market is down

Swing Trading

What is swing trading? Swing trading takes benefit of the short-term cost movements in a coin’s graph instead of looking at the massive macro trend.

Within a confirmed up or downward situation of price movement, there’ll remain little peaks and valleys at the cost as it goes within that general direction. Seasoned traders may consequently earn money from their micro-trends, purchasing the lows and selling the highs through a bear market. Within this situation, market volatility throughout crashes is the perfect scenario as it supplies the largest useful local optima from the graph.

swing trading how to make money when the market is down

To be able to conduct trades, you have to become knowledgeable about the many kinds of technical analysis like pattern formation, and indicators like RSI. This is only suggested for individuals who have a high-risk tolerance and enough experience utilising technical analysis to examine short term motions.

Passive Income Coins

In case you’ve got a lower risk tolerance and don’t need to utilise more innovative trading procedures, the next best thing would always be to hold onto coins which generate passive income irrespective of market action.

There are numerous coins which may create a passive income. However, the two most important kinds are staking coins and trade coins.

Staking coins, in exchange for regulating the community, provide added coins for each coin used from the staking procedure. Expect somewhere between a constant 5% to 10% annual yield for staking in the case of the majority of currencies.

Some proof-of-stake versions, for example, Ark’s DPoS, offer higher yields than more first versions of staking. Exchange coins give numerous advantages on exchanges like reduced prices, and a few, for example, KuCoin’s, offer a type of profit-sharing where a percentage of trade prices are returned into coin holders.

The percentage return from such coins is directly tied to quantity, which might fluctuate.

Staking coins are a lot more consistent and comparable to volatility, whereas trade coins continue to be insecure in that you’re gambling on the success of a specific exchange.

What is Libra cryptocurrency and how does Libra influence cryptocurrency mass adoption?

What is Libra cryptocurrency and how does Libra influence cryptocurrency mass adoption?

Facebook, the famous social network behemoth announced on the 20th of June it is developing the already famous Libra cryptocurrency, which will be introduced into the platform starting with 2020. Libra uses blockchain, which is a technology underlying different cryptocurrencies such as Bitcoin, and it was created as a way to facilitate cash transfers across boundaries and serve underbanked populations around the world.

What is Libra a cryptocurrency or a stablecoin?


  • Matthew Green, an associate professor of computer science at Johns Hopkins University

This is sort of a controversial matter. There is also a public ledger, though only some individuals are permitted to mine the coin. It is said that Libra is limited in how the blockchain functions.

Bitcoin is a permissionless system. In order to participate in it, you have to provide proof of work in a competition of solving a complex puzzle, and this will let you add a block to the chain. So, basically, anybody can participate. This is only one of the most important thoughts behind Satoshi Nakamoto’s 2008 newspaper: bitcoin demands consensus, not trust.

The Libra cryptocurrency, in contrast, is permissioned, meaning just a few trusted entities may keep tabs on the ledger. That makes it like electronic money as opposed to a cryptocurrency.

On the flip side, Libra is delegated to pseudonymous “wallets,”, Transfers are done through public key operations.

Nicholas Weaver, a researcher at the International Computer Science Institute stated that the permissioned model implies less computing power is necessary. Bitcoin wastes a whole lot of energy, preventing so-called Sybil attacks where an attacker fills the system with computers that the attacker handles and wreaks havoc.

The conclusion is that there’s not just one definition of “cryptocurrency,”. We shall call Libra a cryptocurrency so that everyone knows what we are talking about, but it does come with some special characteristics.

What is the purpose of Libra?

Basically, Facebook would like to make it easy to move cash around the world since it is to send a text message.

The Business published a White Paper to describe the details. It will not observe the cryptocurrency as an effort to substitute the present financial system, as is Bitcoin’s goal. Instead, it is meant to expand an electronic payment system to under-served populations which don’t now have easy access to conventional financial institutions.

Worldwide, nearly two billion adults”stay beyond their fiscal system with no entry to a conventional lender, although one billion possess a cell phone and almost half a billion have net access,” reads the newspaper.

In the U.S., where buyers have access to a wealth of payment choices, the FDIC quotes that over 8 million families are unbanked.

“For big chunks of the Earth, Libra will be about using a superior kind of payment and wealth preservation,” states Colas. Agents from Libra didn’t respond to CNBC Make It is petition for comment.

Facebook’s strategy to run its digital money presents dangers to the global banking system which should activate a fast response from international policymakers, according to the organisation which represents the world’s central banks.

Even though the transfer of major tech companies like Facebook, Amazon and even Alibaba into monetary services could accelerate transactions and reduce costs, particularly in developing world nations, it may also endanger the stability of a banking system which has just recovered from the wreck of 2008.

Echoing warnings from several technology experts, the Bank for International Settlements (BIS) stated that while there were potential benefits to be made, the digital currencies’ adoption beyond the existing financial system could decrease competition and make data privacy problems.

“The aim should be to respond to big techs’ entry into financial services so as to benefit from the gains while limiting the risks,” said Hyun Song Shin, economic advisor and head of research at BIS.

How will Libra work?

Libra is going to be handled by a Swiss-based nonprofit. Contrary to other cryptocurrencies, Libra is going to be endorsed by”actual” government-backed resources from central banks to provide it stability.

Facebook states Libra is going to be made accessible to Messenger and WhatsApp users, that will cash in their regional currency to purchase Libra. The money is going to be held at an electronic wallet named Calibra (more on this below) and may be spent on goods and services at participating merchants, exactly as with any other money.

To withdraw money, users will have the ability to convert their electronic money into legal tender according to a market rate. It will not be so equivalent to if you swap U.S. dollars for euros through a European holiday, for instance.

Presently, Libra isn’t”pegged” into one currency. However, this will allegedly make it less volatile compared to other cryptos.

For all those concerned about safety, Libra obligations won’t be linked to an individual’s Facebook information and will not be utilized for ad targeting.

Can you trust Facebook with your money?

Will Libra help people without a bank account?

The white paper includes some detail about Libra’s design. Nonetheless, there’s very little debate about why people do not have a bank account.

In accordance with that the World Bank data Facebook is mentioning, nearly two-thirds of men and women who do not have bank accounts state it is because they do not have sufficient cash to start one. A third of individuals who do not have bank accounts stated they do not need one. Libra doesn’t fix these issues.

Libra simplifies just the popular reasons people do not have a bank account. Approximately a quarter of respondents said banks’ large and unexpected prices were part of why they did not have balances; the lack of proximity to a bank is a barrier for another 20%.

To utilize Libra, you need to purchase Libra.

Problem is, individuals who don’t use banks don’t have bank accounts and do not have credit cards. They use cash.

The Libra’s whitepaper doesn’t mention anything about how Libra will reduce prices to convert fiat money into Libra currency, which will be a challenge for any user of Libra.

In terms of mobile banking, other challenges arise. For instance, in Nigeria, individuals prefer cash money because they worry that if their mobiles are stolen, their money is gone, also. This is an issue of societal norms, not technology. This, also, isn’t a problem you can resolve through technology. You can find several other, more mundane issues as soon as it comes to mobile banking also, such as the price of getting inactive clients.

Libra doesn’t make it clear why a mobile payments agency such as the one Facebook is suggesting requires cryptocurrency in any way. It feels like a non-starter in lots of the markets in which mobile payments may be needed. And Libra does not cover the principal problem that the documentation says it is.

Concluding from the documentation, Libra is not intended for individuals without a bank account; it is meant for men and women that have cash. Facebook is a company; companies need to create money. As we’ve observed, individuals without a bank account, don’t have money.

Of course, all of this could be a transition towards the mobile digital identity, which is a plausible game.

Facebook is constructing an app for the privileged class. However, Facebook is unlikely to do so for the greater good.

Is Libra legal?

“Before we allow such a giant corporation to begin processing millions to billions of financial transactions, we have to study these issues and ensure we have the tools and guardrails in place to deter terrorists, extremists, and/or enemies from utilizing such a platform to do harm to our nation.” – Emanuel Cleaver, member of the U.S. House of Representatives

Calibra, a subsidiary company of Facebook, and which operates independently from Facebook, enrolled as a money services company with FinCEN.

Broadly, people are discovering new ways to run illegal financial activities, Cleaver stated in the announcement, citing cryptocurrencies along with other brand new marketplaces as tools that these celebrities can accommodate.

“Now that we’re seeing a giant corporation like Facebook—which has already shown an inability to identify and impede these kinds of actors at an acceptable level—creating its own virtual currency called Libra, it cannot be understated the importance of Congress and financial transmitters to be proactive in utilizing the newest and most powerful technologies to ensure the financial system is not being used improperly,” he added.

Will Libra achieve its desired goals?

Whether Libra succeeds, it affirms the inescapable fact that international currency movements in the electronic age is going to be contingent on blockchain-like options that disintermediate the present gatekeepers and challenge the bank-and-sovereign money-dominated version of this 20th century. Additionally, it emphasizes the way we’re moving into an era of electronic assets.

What is a crypto wallet and how to keep your cryptocurrency safe in crypto wallets

What is a crypto wallet and how to keep your cryptocurrency safe in crypto wallets

A cryptocurrency wallet is a software which keeps tabs on the keys used to sign cryptocurrency trades of distributed ledgers. Since those secrets are the only means to demonstrate possession of electronic assets and also to implement trades that move them or alter them somehow, they’re a crucial part of the cryptocurrency ecosystem.

As with cars. With no keys, the vehicle will not run. Without keys, there would be no way to show possession of an electronic asset. Anything from bitcoin to token represents some asset.

What is a cryptocurrency wallet used for?

What is a cryptocurrency wallet used for? A crypto wallet (or more generically, an electronic wallet) keeps tabs on security keys used to sign transactions digitally, but also, it stores the address onto a blockchain in which a specific asset resides.

There are two varieties of crypto wallets: hardware and software (also called hot and cold storage pockets (respectively). Hot storage pockets are available via an online service like Coinbase, among the most significant cryptocurrency exchanges which provide online wallets for consumers, and it may be further segregated into online wallets and client-side wallets handled locally on an individual’s personal computer or mobile device.

Additionally, there are paper pocket generators, which make keys which may be printed out or left as QR codes.

Cold storage pockets are downloaded and live offline onto a piece of hardware like a USB drive or a smartphone. and Dash QT are two examples of cold storage wallet software. Cold storage pockets may also be bought as devices using the applications already installed; vendors like Trezor and Ledger offer these sorts of devices.

Hardware pockets can be divided into crypto-assist type wallets, which deal with the keys and registering of random data and are occasionally referred to as hardware security modules (HSMs). “And then there are hardware wallets that handle generating and signing complete transactions that are then sent to the distributed ledger network,” Huseby said.

When you speak with all the blockchain, the hardware communicates via the codes onto the apparatus.

Cold and hot crypto wallets

A cold storage pocket is more secure than the usual hot wallet since it is not on the web. Many cryptocurrency heists have happened when a hacker strikes an internet wallet support and transports the critical keys to their wallet. Basically, transferring the related funds.

In 2014, as an instance, the Japanese online crypto trade Mt. Gox endured the theft from the hot wallet of 850,000 bitcoins valued at over $450 million. In 2018, bitcoin exchange support Coincheck suffered a theft of nearly $1 billion worth of cryptocurrency out of its alluring wallet support. Many smaller thefts have happened within the previous five decades, mainly through the hacks of internet wallets.

How to keep your crypto wallet safe

Gartner recommends keeping crypto keys in a colt wallet. This means creating a paper copy of these keys and keeping that newspaper in a safe place like a bank safety deposit box.

Paper may also be utilised as a kind of wallet via applications that produce a QR code which may be scanned to allow blockchain transactions. Otherwise, Gartner urges the use an internet exchange with a pocket service which enforces two-factor authentication through drive technology. Push technology evolves the next aspect to some documented cellular phone so that an operator’s telephone can accept an entry request pushed out from the market wallet’s authentication support.

However, cryptocurrency hackers also have successfully stolen the SIM identity of a cell phone using a phone-based wallet onto it.

It is crucial to realise that hackers can circumvent most mobile authentication techniques utilising an assortment of technologies, according to Gartner. These include “SIM swaps,” in which a hacker registers an existing to their telephone so that it pushes messages or notifications to be delivered to this phone, rather than to the valid owner. Hackers do so typically through social technology of cell phone customer support agents, Gartner’s report stated.

There are ways to mitigate all of these attacks, but the best solution so far is to use some hardware wallet and also to have a hard copy backup of your secret keys somewhere safe,” Huseby said. “The hardest part of wallets is that they are responsible for secure storage of small, highly sensitive data. Most people are not familiar with the levels of security and paranoia that is required to truly defend against people determined to steal your keys.”

The threat of losing your access keys to your crypto wallets

The most critical problem with a cold pocket, however, is in case you have not backed up the info on it or saved a hard copy of it somewhere secure, and you also lose that device,  you shed your electronic assets once and for all. In other words, you do not understand where your cryptocurrency resides to a blockchain or possess the keys to authenticate that those assets belong to you.

Hot storage wallets, by comparison, have the advantage of the support of the provider. Should you lose your access code into the wallet, you will find challenge-and-answer queries which will make it possible for you to regain them.

There are limited procedures for recovering private keys at a cold storage pocket that’s been missing, and they’re generally not simple to use. By way of instance, Coinbase permits consumers a restore mechanism which is composed of 24 arbitrary word retrieval phrase users should record when they produce their own wallet.

Blockchain ledgers work predicated on a trustless consensus mechanism, which means that you do not need to be aware of the individual or people you are transacting with about the ledger. A dispersed ledger will anticipate any trade properly signed with a legitimate secret key.

“Wallets serve the purpose of storing those keys securely and doing the digital signing necessary for the distributed ledger to accept the transaction,” Huseby said.

Beyond electronic money: additional applications for crypto wallets

While the vast majority of crypto wallet software is utilised to store cryptocurrencies like Bitcoin, Ethereum, Ripple or even Litecoin, the program may also save the keys to fungible and non-fungible digital tokens representing products, monetary resources, securities, and services.

By way of instance, a token saved in a crypto wallet can signify concert or airplane tickets, unique art or products in a supply chain. Practically anything using an electronic value attached to it.

All distributed ledgers with decentralised consensus mechanics trust the capacity security model, meaning possession of an encryption key,  demonstrated with an electronic signature over a trade, authorises the actions the trade represents.

“So any application modelled on a distributed ledger requires users to have wallets that they use to sign transactions that work for that application,” Huseby said. For Bitcoin, the transactions just transfer bitcoins to another encryption key and therefore to another owner. For things like a supply chain, they sign transactions that track the asset being managed (e.g., electronic parts, raw materials, etc.).”

Later on, a brand new, “trustless” global market could be contingent upon blockchain and crypto wallets which allow everything from individual professional or financial histories, tax info, medical advice, or customer tastes to corporations preserving employee or spouse electronic identities and controlling program access.

33 Cryptocurrencies Described in Four Words or Less

33 Cryptocurrencies Described in Four Words or Less

Bitcoin, Ethereum, Ripple and Litecoin which are the major cryptocurrencies have been good and bad investments. It has been a good investment for all those who have purchased them early and sold them in their high times, at the end of 2017. It has been bad for all those who have purchased in the all-time high and sold it in the recent week when the prices dropped down. The investors who have taken the risk during the dip can be richly awarded for their bravery and patience.

But this the past about these currencies, what can the future be? Are they good or bad investments?

Few economists see cryptos as a more technological invention than a quick to get rich scheme, if someone plans to invest in crypto then they should invest in the technology behind it because it is a technological revolution which has the potential to disrupt the fundamental aspects of the global financial systems.

Bitcoin, Ethereum, Ripple and Litecoin are the major cryptocurrencies right now.

Bitcoin is one of the most battle-hardened networks at present. It is one such cryptocurrency that can be relied upon and with its lightning network in the early stages, great things are coming. Bitcoins correction at present is due to many extraordinary market pressures and can hold value for now.

Ethereum is considered as the general purpose scripted blockchain which is found by the greatest minds of the present generation. It has the potential to one day rival Bitcoin. Ethereum took a large correction after the major market moves with high profile ICOs and is facing pressures from Bitcoin.

Ripple though is not truly decentralized but is lightning fast, it has the power to improve on the legacy banking systems and also help the streamline money transfer internationally.

Litecoin which is Bitcoins younger brother is the first true Altcoin that does not offer any technological developments over the protocol of Bitcoin. But it is likely a permanent fixture in the crypto world for many years yet to come.

33 Cryptocurrencies Described in Four Words or Less

In the meanwhile, the value of some lesser known tokens and altcoins can get the potential to fizzle out and certainly, the big players can see a surge in value before it’s too long. So it always doubtful about investing in cryptocurrencies because, if the investment is the speculative gamble for the user then it has the potential for short term gains or losses. But on the contrary, if the investment is a well-disciplined, strategy, academics and diversification for maximum returns, then it is closer to a game of roulette than to investment.

Investing with the major cryptocurrencies can be a risky game for the speculators than the investors, who can afford to lose a part or all the invested funds. If these cryptocurrencies can bring you huge profits, they also carry one more thing and that is to lose money. The predictions won’t always be right. None of them truly knows what is going to happen with the price of cryptos. It is always important to know which strategy works the best and also a good understanding of what makes a good investment.

33 Cryptocurrencies Described in Four Words or Less

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