Posts

Showing posts with the label Crypto

What is cryptocurrency? How cryptocurrency works? -Bloggernewstech

Image
  Table of context 1. What is cryptocurrency 2. How does cryptocurrency works 3. Advantages and disadvantages of cryptocurrency 4. How to buy cryptocurrency  What is cryptocurrency?  Cryptocurrency is a digital currency, used as an alternative form of payment using the blockchain technology .   Cryptocurrency or crypto is a digital asset that can be bought, sold or traded securely.   Unlike fiat currencies (Dollar, Euro etc) crypto can't be controlled by any government or central bank. For example, Bitcoin -- the most popular and first cryptocurrency ever, can be bought from different crypto markets i.e Binance , Coinbase  etc. The government can't stop all these markets from trading cryptocurrency. Any can buy Bitcoin or whatever coin they want to buy from these markets and then they can use it like real money to purchase anything. What is NFT?    Now you might be thinking why someone will spend his real money to buy these digital currencies if i...

What is defi? Defi explainer - Bloggernewsrtech

Image
 Defi, short for decentralized finance, is a growing movement in the world of cryptocurrency and blockchain technology. It refers to the use of blockchain technology and smart contracts to provide financial services that are decentralized, transparent, and accessible to anyone with an internet connection. At its core, defi is about using blockchain technology to disrupt traditional financial systems and make financial services more accessible and transparent. This is achieved by building decentralized platforms that operate on top of blockchain networks like Ethereum. These platforms can provide a variety of financial services, including lending, borrowing, trading, and payments. Benefits of defi One of the key benefits of defi is that it operates on a decentralized network, meaning that it is not controlled by any central authority like a bank or government. Instead, it relies on a network of computers and users to verify and validate transactions. This makes defi platforms more s...

What is NFT?

Image
 what is NFT?  NFT means non fungible token. NFT is a digital art in simple words. Or NFT is a unique digital indentifier that can't be replaced by something else. Unlike Bitcoin or other cryptocurrencies NFT is one of a kind card. Say, you can buy same Bitcoin as many as you want but in case of NFT these are pieces of art which don't have any copies, means you will not find a single copy of any NFT in the market.   What is cryptocurrency? How cryptocurrency works?  These digital arts can be traded like the real ones through the block chain technology. The ownership of NFT is recorded block chain.   As I am saying all these things you might think who will buy these digital arts. Actually people are buying it and loving it. As per statistics in 2020 NFT market saw $82 million of revenue. And in 2021 NFT market grew dramatically to $17 billions.  We can assume from the above facts  that people are loving NFT and investing money on it. Also NFT creat...

What is binance coin(BNB) - bloggernewstech

Image
Key Points: - Binance Coin (BNB) is launched by the binance exchange - BNB was created to fund the development and expansion of Binance and has a number of uses within the Binance ecosystem - BNB has gained significant value and popularity since its initial coin offering (ICO) in 2017 Introduction to Binance Coin: Binance Coin, also known as BNB, is the native cryptocurrency of the Binance exchange platform. Binance is one of the world's leading cryptocurrency exchanges, with a strong focus on security and performance. The Binance exchange allows users to trade a wide variety of cryptocurrencies, including Bitcoin, Ethereum, and Binance Coin itself. Uses of Binance Coin within the Binance Ecosystem: BNB can be used for a number of things within the finance ecosystem. One of the main uses of BNB is to pay for fees on the Binance exchange. By using BNB to pay for fees, users can receive a discount on their trades. BNB can also be used to pay for goods and services on the Binance plat...