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Go Burstex! Have the Best Choices for Your Crypto Career

Go Burstex! Have the Best Choices for Your Crypto Career

This section will give a simple explanation of what cryptocurrencies are. It will also answer other questions that you probably ask such as how many cryptocurrencies exist in the world, what is the best cryptocurrency, what are the different cryptocurrencies or even what to choose between buying virtual currency and trading in cryptocurrency.  A global […]

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Go Burstex! Have the Best Choices for Your Crypto Career

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This section will give a simple explanation of what cryptocurrencies are. It will also answer other questions that you probably ask such as how many cryptocurrencies exist in the world, what is the best cryptocurrency, what are the different cryptocurrencies or even what to choose between buying virtual currency and trading in cryptocurrency.  A global phenomenon, cryptocurrencies are sometimes complicated to understand while the definition of a cryptocurrency is relatively simple.

Crypto currency simple definition

Cryptocurrency Definition – A cryptocurrency is a 100% digital and fully decentralized currency that is only traded peer-to-peer. All validated crypto-transactions are recorded on what is called the blockchain. The latter brings together the history of all operations carried out on its network since its creation.

Why is cryptocurrency interesting to use?

The principle of a cryptocurrency is to provide a monetary alternative for people who seek to regain control of their money by becoming their own bank. Some properties of crypto-currencies are revolutionary.

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Among the characteristics of these 2.0 currencies, decentralization and peer-to-peer exchanges allow their users to no longer entrust their money to banks and to make transactions without an intermediary.

Thus, the central bodies no longer have control over the variation in the money supply of money (inflation vs deflation). They also cannot refuse or cancel a transaction, or even block funds, since they have no power over crypto-currencies!

Virtual

They exist only on a computer network thanks to a computer code. There is no coin or ticket. Everything is done by computer. Like any other currency, cryptocurrency can be used to make purchases when accepted at merchants, send money to someone, receive money, etc.

Decentralized

There is no government or country that controls cryptocurrencies unlike traditional fiat currencies. The total money supply of a cryptocurrency is often limited. It is in this case determined at the time of the creation of the cryptocurrency and indicated in its white paper. Bitcoin’s money supply for example should not exceed 21 million BTC tokens.

The biggest contributor to the total present value of DeFi was MakerDAO , which developed stablecoin dai . The decentralized crypto investment platform Synthetic , the loan protocols Compound and InstaDapp and the decentralized broker Uniswap make up the majority of the remaining value in the open finance market.

Data hand world technology

The DeFi market broadly addresses many of the most urgent financial needs (Image: Pixabay / geralt)

What does the DeFi market currently offer?

Today, there is a wide range of DeFi applications that provide much of what is provided by the traditional, centralized financial system.

From contractions and concessions to investments and insurance, the DeFi market widely supported by Ethereum meets many of people’s most urgent financial needs.

DeFi’s main offerings include:

  • gaining profits on held cryptocurrencies has become easier than ever, thanks to the Compound protocol and dapps like Dharma and Celsius
  • converting your ethers to other Ethereum tokens can be done safely and privately at decentralized brokers like Uniswap or IDEX
  • hedging your crypto portfolio is possible thanks to decentralized derivative trading platforms such as dYdX

Without intermediary

To make a transaction with a cryptocurrency, it is not necessary to use a trusted third party such as a bank or other intermediary to validate it. Transactions are made peer-to-peer via electronic wallets that are held on applications to buy crypto currencies, websites or even exchange platforms.

Blockchain-based

The fiat is under the control of central banks like the Fed (Federal Reserve) for the American dollar (USD) or the ECB (European Central Bank) for the euro (EUR). In the case of cryptocurrencies, all transactions take place on the blockchain. The latter acts as a general ledger open to all, transparent and tamper-proof. There are several protocols for validating transactions on the blockchain such as proof of work with miners on Bitcoin or proof of stake with stakers as soon as on Ethereum.

Encrypted

The term “crypto” of cryptocurrency comes from the principle that it is an encrypted currency. It can only be used by the person having the decryption code allowing to use the crypto-currencies present in a wallet for example.

Secure

Since crypto-funds use an advanced cryptographic system with a combination of private / public keys, your funds are safe. In addition, the blocks belonging to the blockchain (those which bring together all the validated transactions) are linked together by complex computer formulas that prevent any manipulation of the data.

Fast

The validation of transactions on the blockchain is much faster than most traditional players like Visa or SWIFT. Some transactions are validated almost instantly.

Now here comes Bustex.io with the best options for the mass. burstex.io happens to be the first crowd owned crypto exchange in the world that is built over the Burst blockchain. Not clear what it means? It shows that Burstex is now owned by the shareholders. They are the same shareholders who receive the profits from the collected trading, listing fees, and withdrawal. So are you interested to be a shareholder and take part in the trading process? It’s easy.  The official Burstex token called BEX, is already launching on 15th June 2020. Staking on the Burstex will automatically turn you into a shareholder now. So what are you waiting for? Go with the best! Invest in the exchange!


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DISCLAIMER Read More

The views expressed in the article are wholly those of the author and do not represent those of, nor should they be attributed to, ZyCrypto. This article is not meant to give financial advice. Please carry out your own research before investing in any of the various cryptocurrencies available.

Source: https://zycrypto.com/go-burstex-have-the-best-choices-for-your-crypto-career/

Blockchain

Bitcoin Price to $1 Million in 10 Years ‘Very Reasonable’ Says Kraken CEO

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With bitcoin currently enjoying a near 70% YTD increase, bullish predictions see the asset topping into a six or even seven-digit territory in the following decade. These projections came recently from Kraken’s CEO, Jesse Powell, and the Managing Director of Magnetic, William Quigley.

Bitcoin to $150K in the Next Year

Founded in 2010, Magnetic is an investment firm with a pro-cryptocurrency approach, having allocated funds in the industry as well. In a CNN appearance, the company’s Managing Director and Co-Founder, William Quigley, spoke about bitcoin’s future, price performance, and the impact of the COVID-19-induced financial crisis on the asset.

By referring to historical price developments after each halving, the executive forecasted a somewhat bullish projection that can take the cryptocurrency up to $150,000 in the following months.

“We are about half-way through the post-halving bull run, so, by my judgment, we have a lot more to go with bitcoin. Certainly – $100,000 and quite possible $150,000 by the end of this year or maybe Q1 next year.”

Quigley also touched upon the growing number of companies putting BTC on their balance sheet, which he classified as “huge.” He believes that the general narrative for corporations to allocate some of their trillions of dollars currently held in cash in government bonds is fading. Instead, they will continue to look for an asset with a finite supply, namely bitcoin.

He noted that the most critical issues for corporations are inflation and the diminishing of the dollar. In contrast, being a limited-supply type of asset, BTC could serve as a hedge with its decreasing inflation.

BTC to $1M, Says Kraken CEO

In another widely-bullish prediction, Jesse Powell, the CEO of the US veteran crypto exchange Kraken, said that the asset price is going to “infinity.”

When asked to specify in dollar terms what that amount would represent, Powell said that even reaching $1 million per bitcoin sounds “reasonable.”

“People that are believers in bitcoin see it’s going to replace all of the world fiat currencies, so that means basically whatever the market cap of the dollar is, the euro, all of that combined is what bitcoin could be worth.

In the near time, people see it surpassing gold as a store of value. So, a million dollars as a price target within the next ten years is very reasonable.”

He justified his quite optimistic prediction with the excessive amounts of fiat currencies printed by the US and other global superpowers following the COVID-19 pandemic. Additionally, Powell believes that the younger generations are keen to adopt the primary cryptocurrency, which could skyrocket its price.

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Source: https://cryptopotato.com/bitcoin-price-to-1-million-in-10-years-very-reasonable-says-kraken-ceo/

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Blockchain

First Major Rug Pull on Binance Smart Chain? Over $30 Million Drained

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  • Binance Smart Chain has become somewhat of a hot topic amid DeFi gem seekers in the past few weeks.
  • The network saw an influx of new projects, reminiscing of the early days of the DeFi craziness last summer.
  • In any case, hours ago, the community was shocked earlier today when news broke out that one of the newer protocols, Meerkat Finance, was drained.
  • Meerkat Finance is a yield farming protocol that runs on Binance Smart Chain, and a few hours ago, the team revealed that it was “hacked” and drained by 73,000 BNB and 13 million BUSD. The total number amounts to roughly over $30 million at the time of this writing.
  • It appears that the alleged hacker stole the money by changing the protocol’s smart contract using the original deployer’s account. In other words – the private key of the deployer contract must have been compromised.
  • The Twitter account of the project, as well as the website, have also been taken down, causing some to believe that the team rug pulled the entire thing.
  • Meanwhile, the official account of Binance prompted the community to provide any additional information they may have on the case.
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Source: https://cryptopotato.com/first-major-rug-pull-on-binance-smart-chain-over-30-million-drained/

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Parity To Educate Berkeley Students on Developing Blockchain Projects on Polkadot

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The popular DLT protocol Parity Technologies has partnered with Berkeley’s Blockchain Xcelerator program to provide educational panels for students in the university’s blockchain curriculum.

As part of the collaboration, Polkadot’s co-founder Gavin Woods will be a guest lecturer in the A. Richard Newton Distinguished Innovator Lecture Series.

Parity to Educate Berkeley Students About Blockchain

Parity Technologies, a core DLT infrastructure company, announced its latest partnership in a press release shared with CryptoPotato.

According to the document, Parity will employ its substrate blockchain-building framework to educate and work together with the university to raise “the overall awareness of next-generation blockchain technologies in order to promote adoption among students and the community at UC Berkeley.”

For the ongoing 2020-2021 academic year, Parity’s developer education team will collaborate with the faculty, students, and the community studying blockchain technologies in their respective coursework. This includes involvement in curriculum preparation, project ideas, and resources to “enrich the educational experience.”

Furthermore, Parity and the university’s DLT-oriented program called the Berkeley Blockchain Xcelerator will advise students and entrepreneurs on how to develop and eventually launch blockchain startups on Polkadot and Web 3.0 ecosystem.

Jocelyn Weber, an executive at the Berkeley Blockchain Xcelerator, said that the “work with parity and other Polkadot ecosystem startups had demonstrated the potential of this technology in educating our community.”

“We strive to expose our students to the tools and skills they will need to enter this space and immediately start making significant contributions – which is why improving their knowledge with tools such as Substrate and networks like Polkadot will be an important part of our curriculum development.” – Weber added.

Gavin Woods to Give a Lecture

The statement also outlined that Dr. Gavin Woods, the co-founder of Ethereum, Polkadot, and Parity, will give a lecture in the A. Richard Newton Distinguished Innovator Lecture series this month.

Wood commented that blockchain innovation is expanding at a rapid pace and has advanced “beyond legacy networks into next-generation, production-grade blockchains like Polkadot.” This makes it “critical” for the newer coders, engineers, and entrepreneurs to be able to take on the growing competition and develop ground-breaking projects.

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Source: https://cryptopotato.com/parity-to-educate-berkeley-students-on-developing-blockchain-projects-on-polkadot/

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