In Focus – Bitcoin (BTC)
What is it? Bitcoin is the very first Cryptocurrency ever “made”.That is the generally accepted consensus within the Crypto community. In reality, Bitcoin (BTC) is the first globalized and decentralized coin to be “produced”. Cryptocurrency dates back from even before the .com-boom from the late 90ies and 00-ies.The problem with Cryptocurrency back then was it…
In Focus: PAX GOLD (PAXG)
What is it? PAX GOLD (PAXG) is a stable-coin which share commonalities with other commodity-backed Cryptocurrencies I wrote in earlier IN FOCUS – entries (these being EKON GOLD (EKG); DIGIX GOLD TOKEN (DGX); and DAI. Like EKON GOLD (EKG) and DIGIX GOLD TOKEN (DGX) the commodity backing PAX GOLD is gold. According to the official…
In Focus – ReddCoin (RDD)
What is ReddCoin (RDD) RDD is a coin used for social network donation, tipping and micro-transactions.This coin is the personification of the proverb “to give credit where it is due” . The coin has been established through a fork of Litecoin in 2014. The developers describe this coin thusly: “Reddcoin is the first Social CryptoCurrency…
In Focus – Verge (XVG)
What is it? Verge is a decentralized open-source cryptocurrency. Like other cryptocurrencies, it makes the claim to make anonymous transactions.Unlike other Cryptocurrencies, it makes use of the TOR-network and hides people’s IP-addresses which in turn effectively hides the users’ geolocation. Verge is open-source and makes use of what is dubbed a “wraith-protocol”. The hyperlink explains…
In Focus – Litecoin (LTC)
What is it? Litecoin is a cryptocurrency as well as the name of an open source-software. Both are based on the blockchain technology upon which Bitcoin has been built. The open-source software/protocol, upon which Litecoin is based, has no central authority. Litecoin is very similar to Bitcoin in the sense it is one of the…
In Focus: Tether
What is it? Tether is a cryptocurrency of some controversial renown. Considered a controversial coin due to its history and association with a possible fraudulent cover-up of about 850 million dollars by the Bitfinex exchange. It used to labeled as a stablecoin whose value was backed by 1 US dollar but on March 14 2019…
In Focus – Dogecoin
What is Dogecoin? Dogecoin is Cryptocurrency making use of the Bitcoin blockchain technology. This particular token started out as a “joke” parodying Bitcoin and using the Shiba Inu-internet mere (aka. Doge). It is one of the “older” coins as it was launched in 2014 before the factual cryptobooom of 2017-2018. Like other coins and tokens,…
In Focus – Ekon Gold (EKG)
What is it? EKON Gold Token (EKG) is a commodity-backed stable coin. The commodity used is gold. The EKON Gold Token, like DGX, is a stable coin making use of the Ethereum blockchain network (ERC20 token). EKG is a relative new token which is only available through the eidoo app . Its value is, like…
In Focus – Stellar Lumens (XLM)
What is Stellar and Stellar Lumens (XLM)? Stellar is an open source and distributed financial infrastructure permitting world wide fast and secured transactions. It has been developed by the idea an international community needs a world wide financial network enabling access for everyone. It aims to establish and develop an international network creating stability and…
In Focus – Digix Gold Token (DGX)
What is it? Digix Gold Token (DGX) is a commodity-backed stablecoin. The commodity used is gold. To be more precise, DGX is a digital token making use of the Ethereum blockain and whose value is backed by 99.99% gold cast bars from London Bullion Market Association-approved refiners. The London Bullion Market Association (LBMA) is a…
In Focus – DAI and Maker (MKR)
What is DAI and what is Maker (MKR)? DAI is what is called a Stable-coin.A stable-coin distinguishes itself from “regular” coins (like bitcoin) by its stable market value. When investing (or buying) a stable-coin its value remains the same over a long period of time. This is unlike other Cryptocurrencies, whose value is more volatile…
In Focus: BAT and BRAVE-browser
In Focus – BAT and BRAVE BAT is shorthand for Basic Attention token. An ERC20-token using the Ethereum-blockchain. Its purpose and philosophy? The underlying idea on which this token was created is the following: “Digital Advertising is broken”. The team behind BAT, correctly, points out that the digital advertising market is filled with middlemen, bots…
In Focus – Pi Network
What is it? The PI network is a project established by a group of PHD-students and Professors at Stanford University. You can meet the current team here. It is a project, to launch a Cryptocurrency entirely reliant on the processing power present on a smartphone. PI, as a Cryptocurrency, cannot be mined with dedicated hardware…
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