21Shares, House of Doge Launch First Dogecoin ETP Endorsed by Foundation
21Shares has announced an exclusive partnership with the House of Doge to launch the first Dogecoin exchange-traded product (ETP) officially endorsed by the Dogecoin Foundation. The new product, listed under the ticker DOGE, will trade on the SIX Swiss Exchange, offering institutional investors regulated access to the cryptocurrency. The ETP is physically backed, meaning each unit corresponds to an equivalent amount of Dogecoin held in reserve. The partnership marks a notable development in the integration of cryptocurrency into traditional financial systems, particularly for an asset known for its community-driven origins. New Financial Access to a Community-Driven Cryptocurrency Dogecoin, created in 2013 as a satirical alternative to Bitcoin, has grown into one of the most widely used digital currencies. Known for its fast transaction times and low fees, Dogecoin has increasingly been accepted by mainstream companies such as Microsoft and AMC Theatres for payments. Unlike previous iterations of crypto investment vehicles, the 21Shares Dogecoin ETP is distinguished by its formal backing from the Dogecoin Foundation. The foundation’s involvement is seen as a key move to maintain alignment between institutional adoption and the cryptocurrency’s original values, which emphasize accessibility and community engagement. Jens Wiechers, a member of the House of Doge advisory board and co-executive director of the Dogecoin Foundation, said the initiative provides “a regulated path for institutions to participate” while preserving the cryptocurrency’s grassroots appeal. Institutional Interest in Digital Assets Grows The launch comes amid rising institutional interest in digital assets, with 21Shares currently managing over $7.3 billion in assets across 11 major global exchanges, including Nasdaq and Euronext. By adding a Dogecoin-backed product, the firm expands its portfolio of cryptocurrency-based investment offerings. According to Saris Mistry, director-elect of House of Doge and president of Sodexo North America, “Our partnership with 21Shares demonstrates the evolving maturity and legitimacy of Dogecoin in the financial world.” Duncan Moir, president at 21Shares, noted that the product offers a new point of entry for investors seeking regulated exposure to the cryptocurrency market.The ETP is available starting this week on the SIX Swiss Exchange, with additional availability across other regulated markets potentially under consideration.
Best Crypto Exchanges in Tanzania (2025)
Tanzania’s economy is growing, and people are looking for better ways to manage their money. Digital currencies like Bitcoin and Ethereum are becoming more popular worldwide, but the rate of adoption of cryptocurrency in Tanzania is still relatively low compared to other African countries. Many people are curious about how crypto works, but questions about security, regulation, and ease of use often slow them down. Still, interest in crypto trading is rising, and more platforms are making it easier to buy, sell, and store digital assets. With so many options available, choosing the right exchange can be confusing. So, how do I make the better decision when picking the best crypto exchange in Tanzania? Keep reading and find out the answer to your question. Read Also: Best Crypto Exchanges in Ecuador (2025) Key Takeaway Top Crypto Exchanges in Tanzania (2025) Exchange Trading Fees Best For Max Leverage Available Assets Fiat Support– Tanzanian Shillings (TZS) Security Features Unique Features UEEx Spot Trading: 0.09% Futures Trading: 0.05%Margin Trading: 0.08 %-0.10% Stock Trading: 1.50% Best Overall 200x 300+ No 93% of users’ asset in cold storageProof of Reserve2000 unique wallet addresses Fee discounts and staking rewards through its native token, $UE.Copy tradingDemo trading and auto-invest feature Eightcap Spread varies by trades (Ranges from 0 to 16) CFDs Trading Varies 800+ No Regulated by the Australian Securities and Investments Commission (AFSL 391441).CySEC FlashTraderLive webinars and interactive eventsIntegrates with MT4 and MT5 platforms, providing advanced charting toolsTradingView integration, and AI-driven insights Ovex Spread is charged on the price. Vary for OTC desk, 0% of trade value for RFQ Buy / Sell. Institutional-Grade Trader Varies 60+ No Multi-signature and segregated custody solutions1:1 proof of reserves Ultra-deep liquidityOver-the-counter (OTC) tradingSecure on/off-ramp ecosystem SpectroCoin Charged when you fill an order. Wide Variety of Payment Method N/A 50+ Yes Two-factor authenticationKYC Feature to link assets to a dedicated IBAN Crypto-backed loansSecure multi-currency wallet Bitmama Does not publicly disclose its transaction fees. Easy Fiat-Crypto Conversion N/A 10+ No Two-factor authentication Crypto card to pay for goods and servicesGreenBox for crypto giveaway Coinbase Trading fees: 0.05% – 0.60% Trusted and Secure Exchange to Buy, Sell and Manage Crypto 20x 24 0+ No 98% of users’ assets in offline storageCold storageTwo factor authentication DeFi and NFTs with Coinbase WalletPowerful tools like real-time order books, deep liquidity, and sophisticated charting Avatrade Free Regulated Exchange for Forex and Stocks. 400:1 for forex trading 1250+ Yes Regulated across nine jurisdictions which are: FFAJ, CySEC, ISAIIROC, ADGM/FSRA, CBI, BVIFSC, FSCA and ASIC Intuitive trading platforms such as MetaTrader 4, MetaTrader 5Competitive spreads and low commissions UEEx – Best Overall Crypto Exchange For New and Experienced Traders Coming first as the best exchange for new and experienced traders in Tanzania, UEEx offers a reliable and feature-rich platform for crypto trading. With access to over 300 cryptocurrencies, you can easily buy BTC, ETH, and USDT using Apple Pay, Visa, and other payment options. For those looking to trade actively, UEEx provides spot trading, perpetual futures, and options trading, ensuring flexibility for different strategies. If you prefer automated solutions, copy trading, strategy trading, and auto-invest tools simplify decision-making. Security remains a top priority, with 93% of user funds stored in cold storage and advanced safety measures protecting assets. Licensed under US MSB and Canada MSC, UEEx ensures compliance and transparency. With a user-friendly app available for Android and iOS, 24/7 customer support, and competitive trading fees, UEEx is the ideal exchange for Tanzanian traders in 2025. Pros Cons Fees and Deposits Eightcap – Best Crypto Exchange for CFDs Trading For traders who want to explore crypto CFDs in Tanzania, Eightcap is a top choice. Established in 2009, it provides access to over 800 CFD markets, including forex, commodities, indices, shares, and cryptocurrencies. With support for MT4 and MT5 platforms, it offers advanced charting tools, expert advisors, and AI-powered insights to improve trading strategies. Eightcap is globally regulated by trusted authorities like the FCA, ASIC, and CySEC, ensuring a secure trading environment. It also offers tight, transparent spreads—up to five times lower than other brokers. Traders can access expert trade ideas, live events, and direct TradingView integration. Additionally, tools like Capitalise.ai for automation and FlashTrader for rapid execution make trading more efficient. Pros Cons Fees and Deposits Ovex – Best Crypto Exchange for Institutional-Grade Trader Ovex is a top choice for institutional-grade cryptocurrency trading in Tanzania, offering a powerful platform designed for both high-volume traders and everyday users. With access to over 60 currency pairs, you can trade Bitcoin (BTC), Ethereum (ETH), USDT, USDC, and more, all paired with Tanzanian Shillings (TZS). Instant conversions, zero trading fees, and real-time pricing ensure a smooth trading experience. Read Also: History of Top Cryptocurrency Exchanges For businesses and professional traders, Ovex provides ultra-deep liquidity, over-the-counter (OTC) trading, and a secure on/off-ramp ecosystem. You can also send and receive cross-border payments with ease. Security and compliance are top priorities, making Ovex one of Africa’s most regulated exchanges. Whether trading crypto or fiat, Ovex offers a trusted and efficient solution for Tanzania. Pros Cons Fees and Deposits SpectroCoin – Best Exchange With a Wide Variety of Payment Methods Everyone in Tanzania looking to trade crypto will find SpectroCoin an excellent choice. Founded in 2013, this platform has built a strong reputation with over 1 million users worldwide. It offers a wide variety of payment methods, including credit/debit cards, Skrill, local bank transfers, and SEPA. Plus, you can easily fund your account using a dedicated IBAN, making the process smooth and convenient. If you’re interested in borrowing against your crypto, SpectroCoin provides crypto-backed loans. You can pledge assets like Bitcoin or Ether as collateral and get instant payouts to your bank account or blockchain wallet. With 24/7 customer support and KYC verification for security, SpectroCoin ensures a reliable experience. Download the SpectroCoin app from the App Store or Google Play today. Pros Cons Fees and Deposits Bitmama – Best Crypto Exchange for Easy Fiat-Crypto Conversion Bitmama was founded in 2017 and has quickly become one of the most trusted
Best Crypto Exchanges in Ecuador (2025)
Although Ecuador’s government prohibited cryptocurrency as a legal tender through the Central Bank of Ecuador in 2018, it remains legal for citizens to trade and hold digital currencies. This distinction sets the country apart from many others in Latin America. While Ecuador isn’t embracing cryptocurrencies as an official form of payment, it hasn’t entirely shut the door on their use. There’s an aggressive regulatory framework in place that ensures cryptocurrencies cannot be used in transactions within Ecuador’s formal banking system. Local financial institutions are prohibited from engaging in any crypto-related activities. Read Also: Best Crypto Exchanges in Gambia (2025) Despite these strict regulations, many Ecuadorians are still exploring ways to invest in and trade cryptocurrencies through various platforms. In this post, we’ll explore the best crypto exchanges available in Ecuador in 2025, so you can make informed choices and start your crypto journey with confidence. Key Takeaway . Top Crypto Exchanges in Ecuador (2025) Exchange Trading Fees Best For Max Leverage Available Assets Fiat Support – United States dollar (USD) Security Features Unique Features UEEx Spot Trading: 0.09% Futures Trading: 0.05%Margin Trading: 0.08 % – 0.10% Stock Trading: 1.50% Best Overall 200x 300+ Yes 93% of users fund stored in cold storage, Proof of Reserve2000 unique wallet addresses Native token, UE Coin, boosts functionality through transactions, staking, and governance. Copy trading and auto-invest feature Phemex Spot Trading: 0.1000% maker/taker (20% Discount)Contract Trading: 0.0100%/0.0600% maker/taker (10% Discount) Most Efficient 100x 450+ Yes Proof of solvency1:1 proof of reservesHierarchical cold walletTwo-factor authentication. Automated trading bots. P2P marketplaceFirst exchange to offer Proof of Solvency BingX Spot Trading: 0.1% / 0.1% maker/takerFutures Trading: 0.0200% / 0.0500% maker/takerStandard Futures Trading Fee Rate: 0.0450% Copy Trading 125x 800+ Yes 2FA authenticationAI-powered risk detection, and KYC compliance100% Proof of reserves Incorporates advanced tools like grid trading and provides top-tier securityCopy trading Bybit Spot Trading: 0.1000% / 0.1000% taker/maker fee Perpetual & Futures Trading: 0.0550% / 0.0200% taker/maker fee) Deposit Reward and Leverage Trading 200x 300+ Yes 2FA, Cold storageRegulated by VARA Dubai and Cyprus SEC Offers innovative features like Bybit Web3 platform and NFTsCopy trading and Trading bots Bitfinex Spot Trading: 0.100% Maker fees, 0.200% Taker feesDerivatives Trading: 0.0200% Maker fees, 0.0650% Taker fees Deep Liquidity 10x 200+ Yes Two-factor authentication and Offline, multi-signature cold wallet storage Fees calculatorDemo trading options and Soft-staking programcustomizable APIs HTX Spot Rate: 0.2000% / 0.2000% taker/maker rateFutures Rate: 0.0600% / 0.0200% taker/maker rate Easy to Use User Interface 125x 700+ Yes Multi-factor authentication Proof of reserves HTX learn and HTX liveHigh-yield earning feature BYDFi Spot Trading Fees: 0.1% maker/takerPerpetual Contracts Fees: 0.06% taker, 0.02% Maker Wide Selection of Altcoins 200x 600+ Yes Cold and hot wallet Proof of reserves with a 100% reserve ratio Copy trading and trading bots for passive incomeBYD points for access to airdropsAI-powered ID verificationDemo trading to improve skills CEX.io 0.25%/0.15% taker/maker All-In-One Crypto Exchange 10x 200+ Yes Two-factor authentication (2FA)DDoS protectionMulti-signature Bitcoin wallet CEX.IO Earn programOffers reliable and audited storage solutions via the CEX.IO Wallet UEEx – Best Overall Crypto Exchange for New and Experienced Traders If you want an exchange that combines ease of use with advanced features, UEEx is an excellent choice for new and experienced traders in Ecuador. Founded in 2020, it offers over 300 cryptocurrencies and supports 10+ fiat currencies like USD and JPY. UEEx provides multiple trading options, including spot trading, futures, and crypto loans, allowing you to diversify your investments. You can trade confidently with ultra-low fees and a focus on user privacy. Plus, the UEEx app makes managing your assets on the go simple. Whether you are buying crypto or investing in stocks, UEEx is designed to meet your needs. Pros Cons Fees and Deposits Phemex – Most Efficient Crypto Trading Exchange Founded in 2019, Phemex has grown into one of the most efficient crypto trading platforms, attracting over 5 million users globally. If you’re in Ecuador and looking for a reliable exchange, Phemex offers an extensive range of features, from spot and margin trading to futures contracts and automated trading bots. With over 450 cryptocurrencies available, you can easily trade your preferred digital assets. Phemex makes buying and selling crypto simple with a peer-to-peer (P2P) marketplace, a one-click buy/sell option, and zero-fee fiat deposits through SWIFT, ACH, SEPA, and FPS. You can also purchase crypto at competitive rates using a credit or debit card. The platform prioritizes transparency, offering monthly proof of reserves to ensure funds are always backed 1:1. With a user-friendly mobile app and multiple ways to earn passive income, Phemex is a great choice for traders in Ecuador. Pros Cons Fees and Deposits BingX – Best Exchange for Copy Trading BingX is one of the top crypto exchanges for copy trading in Ecuador. If you’re looking to trade without spending hours analyzing the market, BingX allows you to follow experienced traders and automatically copy their strategies. This feature makes it easier for beginners and those who prefer a hands-off approach to crypto trading. Beyond copy trading, BingX supports spot trading, futures, and multiple ways to buy crypto, including Visa, Mastercard, and P2P trading with local payment methods like bank transfers. The platform ensures transparency with 100% proof of reserves and strict security measures, including two-factor authentication and AI-powered risk detection. With 24/7 customer support and a growing global presence, BingX is a reliable choice for traders in Ecuador who want access to advanced trading tools, secure transactions, and the ability to follow top traders effortlessly. Pros Cons Fees and Deposits Bybit – Best Exchange for Deposit Reward and Leverage Trading Bybit is a solid option for traders in Ecuador looking for flexible deposit methods and high-leverage trading. Established in 2018, it has grown to serve over 60 million users worldwide and operates in more than 195 countries. With Bybit, you can trade spots, futures, and options across 300+ cryptocurrencies. If you’re looking for an exchange with easy deposit options, Bybit allows bank transfers, crypto deposits, and even its own Bybit Card, which offers cashback rewards. P2P trading comes with zero fees, making
The Current Trends in Blockchain Applications You Should Know
In 2009, Satoshi Nakamoto (the mysterious creator of the first cryptocurrency, Bitcoin) started a revolution. Today, blockchain technology has changed the world, and it is still on the move. As an innovative technology, it makes voting systems more secure and supply chains more transparent while giving people more control over their data. The future is becoming more decentralized – and it’s happening fast. In this article, we cover all you need to know about the current trends, use cases, and innovations in blockchain technology. Key Takeaway Blockchain Technology And Its Evolution Source: Freepik Blockchain technology is an open-source digital record book that securely and transparently records transactions and data across a network of computers. It boasts various vital components that make it stand out as a revolution. These components include: A list of transactions or metadata within a block, such as “Person A sent ten units of cryptocurrency to Person B,” is embedded. They are created through mining (in proof-of-work blockchains) or validation (in proof-of-stake blockchains) to collect or verify transactions from the network. Consensus mechanisms certify that all nodes agree on the validity of transactions, blocks, or other data, ensuring the network’s integrity and consistency. Examples include Proof of Work (PoW), Proof of Stake (PoS), Delegated Proof of Stake (DPoS), and Leader-Based Consensus. Note: According to a report by Fortune Business Insights, the blockchain market is expected to experience remarkable growth, increasing from $24.8 billion in 2024 to $825.9 billion by 20302, with a CAGR of 52.8%. Its evolution began in January 2009 when Satoshi Nakamoto introduced Bitcoin, the first decentralized cryptocurrency, using blockchain technology. Although there were many theories about what the Bitcoin blockchain could do, it wasn’t until 2010 that early adoption and experimentation began with the emergence of other cryptocurrencies (altcoins) like Litecoin, Namecoin, Pearcoin, etc. These altcoins sought to improve on the deficiencies of Bitcoin, having different use cases and consensus mechanisms other than that of Bitcoin. Also, initial coin offerings (ICOs) have become immensely famous for funding blockchain projects. Note: Initial Coin Offering (ICO) is a method blockchain-based projects use to raise capital by issuing and selling their cryptocurrency tokens to investors. By 2014, Ethereum was launched by Vitalik Buterin and a team of blockchain innovators. The launch of Ethereum introduced smart contracts (autonomous contracts with their terms of the agreement written directly into lines of code) into the blockchain ecosystem, thereby allowing the creation of various DeFi projects in the crypto space. Also, in 2014, companies like Walmart and JPMorgan began exploring private blockchains, such as Bloq, Blockstream, etc., for supply chain management, identity verification, and more. Unlike Ethereum and Bitcoin, these private blockchain networks offered more control and scalability. By 2016, Hyperledger and interoperability solutions will enable seamless interactions between different blockchain networks. Note: Hyperledger is a project that acts like a toolkit that provides the building blocks for companies to create their blockchain systems while helping businesses use blockchain technology) By 2017, ICOs had reached an all-time high. Numerous blockchain projects were funded, and cryptocurrency prices surged, attracting mainstream attention. Governments and institutions began providing regulatory frameworks and investing in blockchain technology. At the same time, Security Token Offerings (STOs) emerged as a more regulated alternative to ICOs. 2020 ushered the world into the Decentralized Finance (DeFi) and Non-Fungible Tokens (NFTs) revolution. DeFi applications like Uniswap and Compound (created primarily for lending, borrowing, and trading) are gaining popularity on Ethereum. Meanwhile, NFTs, unique digital assets, are becoming increasingly popular in art, collectibles, real estate, fashion, and more. Current Trends (Source: Freepik) Trend 1: Decentralized Finance (DeFi) DeFi is the financial ecosystem built on the blockchain. It enables peer-to-peer transactions without intermediaries. Some key concepts in DeFi include: You should know that the financial industry makes up 37% of the global blockchain market, and DeFi is at the forefront. DeFi platforms provide financial services to underserved regions, ensuring transparent transactions and operations. These concepts have transformed the economic landscape, offering innovative lending, borrowing, and trading solutions. Trend 2: Non-Fungible Tokens (NFTs) NFTs (Non-Fungible Tokens) are irreplaceable digital assets stored on a blockchain. They ensure the scarcity, authenticity, and ownership of digital assets. In the blockchain ecosystem, NFTs as digital collectibles include NFTs provide secure, transparent, and decentralized management of unique digital assets. They also enable new revenue streams, ownership models, and experiences. Trend 3: Supply Chain Management The supply chain management industry leverages blockchain technology by recording transactions and product movements on a decentralized ledger, enabling real-time monitoring and verification. Smart contracts also help automate processes, such as payment and inventory management, while ensuring data integrity and tamper-proofing, preventing counterfeiting and fraud. Here are some case studies: By adopting blockchain, industries can enhance transparency, improve efficiency, reduce costs, and increase customer trust while mitigating risks within their sector. Trend 4: Gaming and The Metaverse Blockchain-based gaming platforms like Axie Infinity, Sandbox, Roblox, Decentraland, etc, utilize decentralized technology to create immersive experiences through While the gaming industry continues to grow, gaming companies are leveraging blockchain technology by including more play-to-earn models in which players earn real-world rewards as they play. In-game collectibles are becoming more NFT-like and real-life blockchain-based tournaments like the Gods Unchained World Championship and the Axie Infinity Esports Tournament are frequent. Trend 5: Identity Verification and Security Blockchain-based identity management solutions provide secure, decentralized, and user-controlled identity verification, addressing data breaches, identity theft, and privacy concerns. Its key features include: Identity verification in blockchain is applied in: Some current trends in this sector include the Industry-wide adoption of decentralized identity protocols like W3C DID, advanced cryptography with zero-knowledge proofs for privacy-preserving authentication, and user-friendly platforms like uPort and Civic for identity management. Trend 6: Healthcare and Medical Research In healthcare data management, blockchain-based solutions enable secure, decentralized, and tamper-proof storage of electronic health records (EHRs), medical images, and genomic data. Medibloc (a blockchain-based EHR management platform), HealthVerity (a blockchain-based platform for medical research data management), and Guardtime (a blockchain-based platform for securing medical records) are critical blockchain companies in
Blockchain Scalability Challenges: Can We Overcome Them?
Can you imagine a world where voting is completely secure and transparent? Maybe that’s difficult. How about one where supply chains are tracked flawlessly from origin to destination? That’s the promise of blockchain. This technology offers a new way to manage data, ensuring it’s tamper-proof and accessible to everyone. However, the road to widespread adoption is riddled with challenges, and one of the most significant hurdles is scalability. In simple terms, scalability refers to a blockchain’s ability to handle a growing number of transactions efficiently. As more people and businesses embrace blockchain technology, the demand for processing transactions quickly and at a reasonable cost intensifies. Unfortunately, most current blockchains struggle to meet this demand, leading to bottlenecks, delays, and high fees. This article explores the key challenges in achieving blockchain scalability and whether we can overcome them. Key Takeaways Balancing The Scalability Trilemma Image by AMINA Understanding the ‘Blockchain Trilemma’ is fundamental to understanding the challenges in achieving blockchain scalability. The trilemma captures the trade-offs blockchain networks must make between three core properties: decentralization, security, and scalability. Decentralization Decentralization lies at the heart of blockchain technology. It refers to the distribution of control and decision-making across a network of nodes, rather than relying on a central authority. This distributed nature offers several benefits: However, achieving high levels of decentralization can come at a cost. With more nodes involved in the consensus process, reaching an agreement on the validity of transactions can become slower and more complex, potentially impacting scalability. Security Security is key in the blockchain world, where large sums of value are at stake. A secure blockchain ensures the integrity of data and transactions, protecting against malicious attacks, fraud, and double-spending. Various mechanisms like cryptographic hashing and consensus mechanisms contribute to blockchain security. However, enhancing security often involves additional computational overhead and complexity, which can, in turn, affect scalability. For example, Proof of Work, the consensus mechanism used by Bitcoin, requires significant computational power to solve complex mathematical puzzles, which can limit transaction throughput. Scalability Scalability refers to a blockchain’s ability to handle a growing number of transactions efficiently. As blockchain adoption increases, the demand for fast and affordable transactions surges. A scalable blockchain can accommodate this growth without sacrificing performance or user experience. Currently, most blockchains face limitations in their scalability, leading to network congestion, slower confirmation times, and limited use cases. Understanding the Trade-offs Evidently, achieving high levels of decentralization and security often comes at the expense of scalability. This shows how crucial it is for anyone involved in the blockchain space to understand the scalability trilemma. It helps set realistic expectations for what blockchains can achieve and guides the development of innovative solutions that push the boundaries of what’s possible. This trade-off is partly explained by the CAP theorem, a fundamental concept in distributed computing. The CAP theorem states that a distributed system can only guarantee two out of the three following properties: In the context of blockchain, decentralization prioritizes partition tolerance, while security often requires strong consistency. This leaves scalability as the aspect that may need to be compromised to achieve the desired balance. Key Challenges in Achieving Blockchain Scalability Image by EmilyandBlair While achieving perfect balance may seem elusive, a truly scalable and sustainable blockchain future will be possible when we fully understand the specific problems associated with scalability. Let us examine these challenges. 1. Transaction Throughput Limitations Transaction throughput is the number of transactions a blockchain can process per second. Most existing blockchains, including Bitcoin and Ethereum, have inherent limitations in their throughput capacity. This leads to network congestion, especially during periods of high activity, resulting in slower transaction confirmation times and increased fees. For example, Bitcoin’s current throughput is around 7 transactions per second. While this was sufficient in its early days, the growing popularity of Bitcoin has exposed its limitations. During peak usage periods, users may have to wait hours or even days for their transactions to be confirmed, with fees skyrocketing to make the process financially unviable for small transactions. Despite improvements over Bitcoin, Ethereum can only handle roughly 15-30 transactions per second. This is still far from enough for a global network, causing significant congestion and high fees. These limitations become increasingly problematic as the number of users and applications on the blockchain grows. Overcoming throughput limitations is crucial for unlocking the full potential of blockchain technology and enabling its seamless integration into our daily lives. 2. High Transaction Fees As network congestion increases, the competition to have transactions included in the next block intensifies. This drives up transaction fees, as users are willing to pay more to ensure their transactions are processed quickly. This creates a bidding war, driving up fees and making blockchain usage expensive, especially for smaller transactions or micropayments. High fees can pose a significant barrier to adoption, particularly for individuals or businesses in developing countries or those operating on tight budgets. Moreover, they can limit the potential use cases for blockchain technology. For instance, using blockchain for micropayments or frequent transactions becomes impractical when fees outweigh the value of the transaction itself. Addressing the issue of high transaction fees is essential for making blockchain technology more accessible and inclusive. It will enable a wider range of use cases and facilitate the mainstream adoption of blockchain across various industries. 3. Storage and Data Constraints Every transaction and piece of data added to a blockchain is stored permanently on every node in the network. As the blockchain grows, so does the storage requirement for each node. This can lead to challenges in terms of storage costs, data accessibility, and network centralization. Finding efficient and cost-effective ways to manage blockchain data storage is crucial for ensuring long-term scalability and accessibility. Image by CareerwithSTEM 4. Network Latency and Bandwidth Network latency refers to the time it takes for data to travel between nodes in the blockchain network. High latency can slow down transaction processing and hinder overall scalability. Bandwidth limitations can also impact the network’s capacity to
The Brains Behind Bitcoin: Key Players in Cryptocurrency
Cryptocurrency has grown significantly since its inception in 2009, transforming from a niche concept to a major force in the global financial landscape. Bitcoin, the first and most well-known cryptocurrency, paved the way for the creation of thousands of other coins and tokens, with new ones continually entering the market. Today, there are thousands of different cryptocurrencies, with a collective market value estimated at over $2 trillion. This highlights their influence and the vast amount of wealth circulating within the crypto space. Also, as the cryptocurrency market has grown, so too has the prominence of top crypto figures, those who have amassed significant fortunes through strategic investments, trading, and early adoption of digital assets. This article aims to explore the brains behind Bitcoin and the broader cryptocurrency ecosystem and how their influential minds have shaped the crypto industry. Key Takeaways Who Invented Bitcoin Bitcoin, created by the pseudonymous “Satoshi Nakamoto” in 2009, revolutionized finance and technology. However, the true identity of Bitcoin’s founder has been shrouded in mystery and controversy. Various theories have emerged over the years, suggesting Nakamoto could be a group of cryptographers rather than an individual. Speculations have ranged from Nakamoto being British, linked to the Yakuza, involved in money laundering, or even a woman posing as a man. Despite extensive efforts to uncover Satoshi Nakamoto’s true identity, the enigma remains unsolved, with only a few individuals having been seriously considered as potential candidates. None, however, have been definitively proven to be Nakamoto or the brain behind Bitcoin. Here are three notable candidates: Nick Szabo In 2013, attention focused on Nick Szabo, a computer scientist known for pioneering the concept of Smart contracts in a 1996 paper. Szabo also conceptualized a decentralized currency known as”bit gold,” a precursor to Bitcoin in 1998. The engineer described Bit Gold as a protocol whereby unforgeable costly bits could be created online with minimal dependence on trusted third parties. This concept is similar to Bitcoin, where a decentralized network of computers, with no central authority, verify and validate transactions. Interestingly, the speculation didn’t come up from nowhere. Author Dominic Frisby in his book “Bitcoin: The Future of Money?”, argues that Nick Szabo could be the mysterious Satoshi Nakamoto. Frisby presents several pieces of evidence to support his claim. He consulted a stylometrics expert who found that Szabo’s writing style closely resembles that of Nakamoto. Additionally, both Szabo and Nakamoto reference the work of economist Carl Menger, suggesting a shared intellectual background. Frisby also discovered that Szabo had worked for DigiCash, an early company focused on applying cryptography to digital payments, further linking him to the origins of Bitcoin. In the Author’s view, these clues strongly suggest that Nick Szabo might be Satoshi Nakamoto. However, Szabo denied any involvement, and no solid evidence connects him to Nakamoto. Dorian Nakamoto This was one of the most high-profile attempts to uncover Bitcoin’s mysterious founder. In 2014, Newsweek published an article claiming that Dorian Nakamoto, a Japanese American physicist, was the person behind the Satoshi Nakamoto pseudonym. The article highlighted several similarities between the two, such as their supposed libertarian views and Japanese heritage. Dorian Nakamoto, who graduated in physics from California Polytechnic and worked on classified defense projects, noted that he was no longer involved with Bitcoin and had turned it over to others. However, Dorian Nakamoto later denied making this statement, explaining that he had misunderstood the question and had no connection to Bitcoin. Despite his denial, the media frenzy surrounding the story brought significant attention to Dorian Nakamoto. Interestingly, this media storm led to an unexpected benefit for Nakamoto. In March 2014, tech entrepreneur and crypto enthusiast Andreas Antonopoulos initiated a fundraiser to support Dorian Nakamoto, as an apology for the difficulties he faced due to the *Newsweek* article. The crowdfunding campaign garnered more than 2,100 supporters who donated 102.23 Bitcoin, worth approximately $34,500 at the time. By June 2024, those donations had appreciated to about $6.9 million. Craig Wright Most individuals suspected of being Satoshi Nakamoto have either denied the claims or remained silent. However, Craig Wright, an Australian scientist, has taken a different approach. In December 2015, Wired magazine published a profile on Wright, claiming to have obtained the strongest evidence yet of Satoshi Nakamoto’s true identity. The article highlighted Wright’s appearance via Skype at the Bitcoin Investor’s Conference in Las Vegas that year, where he described himself as “a bit of everything” and listed his various academic achievements, including a master’s in statistics and two doctorates. Wright also hinted at his involvement in Bitcoin from its early days, saying he’s been involved with all of this for a long time but tries to keep his head down. Wired pointed to several pieces of evidence to support their claim. These included a reference to a “cryptocurrency paper” on Wright’s blog that appeared months before the Bitcoin whitepaper was released, leaked emails and correspondence with Wright’s lawyer mentioning a “P2P distributed ledger,” and leaked transcripts where Wright allegedly admitted, However, these claims were quickly cast into doubt. Wired later published a follow-up article noting inconsistencies in Wright’s story, including evidence that some of the blog entries and public encryption keys linked to Satoshi Nakamoto appeared to be backdated. Even Vitalik Buterin, co-founder of Ethereum, who typically avoids public commentary on such matters, openly called Wright a fraud. However, despite the mounting skepticism, Wright has used the media attention to establish himself as a prominent figure in the cryptocurrency community. He spearheaded a controversial fork of Bitcoin Cash, resulting in the creation of Bitcoin SV (Satoshi Vision). To address the ongoing controversy surrounding the identity of Bitcoin’s creator, the Crypto Open Patent Alliance (COPA), took legal action in the UK’s High Court in 2021. COPA includes notable members like Twitter founder Jack Dorsey’s payment company, Block, and the cryptocurrency exchange Coinbase. The body sought an injunction to prevent Dr. Craig Wright from claiming authorship or copyright ownership over Bitcoin’s whitepaper. As the court case approached, Dr. Wright presented a list of
Best Crypto Exchanges in Brazil (2025)
As of 2024, Brazil has emerged as a significant player in the global cryptocurrency context. The country ranks ninth in the Global Crypto Adoption Index, reflecting a robust engagement with digital assets. This surge is evident in the substantial increase in crypto imports, which rose by 60.7% through September 2024, surpassing the total for 2023. This growth underscores the increasing adoption of digital currencies in the country. Given this dynamic environment, we will explore the best crypto exchanges in Brazil for 2025, examining their features and fee structures to help you make an informed decision. Key Takeaways Exchange Best For Trading Fees Supported Cryptocurrencies Security Features Unique Features UEEx Best Overall 0.09% spot trading,0.05% Futures Trading,0.08%-0.10% Margin Trading,1.50% Stock Trading 300+ Cold wallets (93% of assets), robust encryption, 2FA Copy trading, leverage trading, free deposits, 2000 unique addresses for privacy Binance Best for Low Fees 0.1%Trading Fees Maker / Taker for Spot and margin (Fees may vary as the level increases) 350+ Multi-tier architecture, 2FA, SAFU insurance Fee discounts with Binance Coin (BNB), futures, staking, and margin trading Mercado Bitcoin Best for Beginners 0.3% (maker), 0.7% (taker)(Fee may reduce as you trade more) 200+ Regulated by Brazil’s central bank, 2FA Educational resources, “MB Nova Geração” for teenagers Foxbit Best for Local Support Limit Orders (Passive): 0.25% fee.Market and Stop Orders (Active): 0.50% fee 100+ 2FA, encryption, local customer support Foxbit Pay (Lightning Network for global payments) Slex Best for Liquidity and Rewards 0.2% Maker/Taker fee 150+ Strong liquidity aggregation, 2FA Revenue-sharing through liquidity provision, flexible payment options NovaDAX Best for Diverse Trading Pairs 0.21% (maker), 0.45% (taker) 300+ 2FA, encryption, regulated Wide range of trading pairs, VIP membership fee discounts Bitso Best for Comprehensive Services Maker 0.250%, Taker 0.300%,Fee varies as you trade more. 50+ Licensed by GFSC, 2FA Performance-tracking tools, competitive fees, volume discounts Coinext Best for Portfolio Diversification Starting from 0.25% 100+ Biometric verification, 2FA, encrypted storage AI-powered Smart Wallets for portfolio diversification 1. Best Overall – UEEx UEExSupported Crypto: 300+ UEEx, launched in 2021, has quickly established itself as a prominent player in the crypto exchange market. It provides both cryptocurrency and stock trading options. The platform supports over 300 digital assets, making it an appealing option for novice and seasoned traders. It stands out for its advanced security protocols, including storing 93% of user assets in cold wallets and using robust encryption methods to protect user data. UEEx is also regulated, offering traders a sense of security and trust. The platform’s key features include copy trading, which makes it accessible for beginners, and leverage trading for more experienced users. Pros Cons Fees and Deposits 2. Best for Low Fees – Binance BinanceSupported Crypto: 350+ Binance is one of the world’s largest and most trusted cryptocurrency exchanges, offering a robust and secure trading platform suitable for beginners and advanced traders. Known for its low trading fees, Binance supports an extensive range of cryptocurrencies and trading pairs, including popular assets like Bitcoin and Ethereum. The platform is designed with user-friendliness in mind, providing features like futures, staking, and margin trading for advanced users. Binance also offers significant fee discounts when using Binance Coin (BNB), making it particularly appealing to high-volume traders. Security is a top priority, with advanced multi-tier architecture, two-factor authentication (2FA), and the SAFU (Secure Asset Fund for Users) for asset protection. For Brazilian users, Binance enhances accessibility by supporting BRL deposits and withdrawals, as well as local payment options like bank transfers and credit/debit cards. Pros Cons Fees and Deposits 3. Best for Beginners – Mercado Bitcoin Mercado BitcoinSupported Crypto: 200+ Mercado Bitcoin is Brazil’s oldest cryptocurrency exchange, founded in 2013. It is especially beginner-friendly, offering a straightforward interface and a vast library of educational resources. Supporting over 200 cryptocurrencies, Mercado Bitcoin stands out for its inclusivity. It offers the “MB Nova Geração” account, enabling teenagers aged 12 to 17 to start investing in crypto with guidance, promoting financial education from an early age. Additionally, foreigners can open accounts as long as they have a valid CPF and a Brazilian address. With regulatory compliance and user-friendly features, Mercado Bitcoin ensures accessibility for individuals and businesses, while maintaining security and transparency. Read Also: Best Crypto Exchanges in Vanuatu (2025) Mercado Bitcoin is regulated by Brazil’s central bank, providing a safe and trusted environment for users. Pros Cons Fees and Deposits 4. Best for Local Support – Foxbit Source: Foxbit Supported Crypto: 100+ Foxbit is a trusted Brazilian cryptocurrency exchange offering transparency, liquidity, and security. The platform supports trading of over 100 crypto assets, including cryptocurrencies, DeFi tokens, NFTs, gaming tokens, and metaverse projects. It is accessible via desktop or mobile app, it is designed for ease of use while catering to diverse trading needs. With local customer support and innovative features like Foxbit Pay, it remains a top choice for Brazilian traders. The platform also enables deposit and withdrawal in Brazilian reais (BRL), which is particularly beneficial for Brazilian users looking to trade without currency conversion issues. Pros Cons Fees and Deposits 5. Best for Liquidity and Rewards – SLEX SLEX.ioSupported Crypto: Over 150+ SLEX, established in 2020, is a crypto exchange known for its emphasis on liquidity aggregation and earning potential. The platform allows you to hold assets and participate in liquidity provision, offering revenue-sharing opportunities. SLEX provides seamless portfolio rebalancing and supports short-term and long-term investment strategies. The platform offers flexibility in payment methods, allowing you to buy cryptocurrency using credit cards, debit cards, and popular services like Apple Pay and Google Pay. This makes it highly convenient for users who prefer multiple options for funding their accounts. Pros: Cons: Fees and Deposits: 6. Best for Diverse Trading Pairs – NovaDAX NovaDAXSupported Crypto: 300+ NovaDAX, established in 2018, is a leading cryptocurrency exchange in Brazil, offering a wide range of digital assets for trading. The platform supports over 300 trading pairs, including popular cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and many altcoins. NovaDAX is known for its user-friendly interface and competitive trading fees,
The Popular Algorithms in Crypto Trading
Have you ever wished that you could make money while sleeping? Yeah, I know we have all been there—especially as a beginner. Just the thought of all the rigors of learning and trying to understand the continuously oscillating lines, crafting the specific moment to pitch your tent and get some cash can be very exhausting and time-consuming. And you will admit, you are not always available and that moment of the ascension of market volatility to your profit can be lost. What if there was a way to be online round-the-clock non-stop and make money with accuracy? Well, there is and it is already popular in the crypto economy just that you didn’t know about it. Let me introduce you to algorithmic trading in crypto, which is similar to the use of artificial intelligence (AI) in crypto trading. Key Takeaways What is Algorithmic Trading Image source If you are to be honest with yourself you will admit that at some point in the trading process, you lost money because of a poor decision you made and it was because of a poor market analysis, emotion, and false intuition. But unlike humans, this system gives you the ability to make accurate decisions at the precise moment unemotionally because it uses quantitative models giving you the best trading result and profit with opportunities and transactions you could have missed. Algorithmic trading in cryptocurrencies also known as automatic trading, black-box trading, or Algo trading is a mode of making transactions using preprogrammed instructions (an algorithm) input into the computer program to be executed when those conditions are met. It Is just like a personal trading assistant that is constantly working and making decisions within milliseconds. This means that you can be trading while sleeping and still make a profit. The profit you will make might even be higher than the one you would have if you did it yourself. That is because the algorithm is constantly running and can capture opportunities that would ordinarily be missed if you did it yourself. Trades may be configured to be executed based on asset price, technical indications, or the percentage of value in your portfolio, depending on your trading method (rebalancing). How does Algorithm Trading Work? A trading algorithm is a set of rules and instructions created to perform specific tasks such as reading data sets associated with the market, recognizing trends, and executing a trade. Humans can not match the capability of algorithmic trading because of its high speed and frequency ensuring efficiency in the trading process. To start using algorithmic trading in crypto, especially as a beginner, you need reliable software that can handle your strategies especially if they are complex. Such software is popular and it Includes: TradingView This software is Known for uncanny charting tools and community-driven scripts. It is a favorite tool among traders because it can create custom indicators and backtest strategies using Pine Script, TradingView’s proprietary scripting language. MetaTrader This tool is used in forex and stock trading a lot as it supports crypto trading and also offers advanced charting tools, automated trading through Expert Advisors (EAs), and robust backtesting capabilities. Coinigy This tool is a comprehensive platform designed especially for crypto trading, Coinigy can bond with multiple exchanges to give you real-time data while allowing complex trading strategies. How Do You Set Up Your Trading Algorithm? In order to utilize this technology to our benefit we need to create an algorithm and it may be stressful and confusing. But we will break it down so that you can easily do it. We would analyze the steps in which this could be done seamlessly. Step 1: Decide Your Strategy Remember that the tool you are using works on a set of pre-programmed instructions made by you based on the strategy you want to use in your trading journey. But before you can do that you need to first of all decide on the trading strategy you want to use. If you are a beginner, a simple moving average crossover strategy is a good point to start. Step 2: Choose a Platform After you have developed your strategy, you need a tool to execute it. This means that you would need to select a trading platform that supports algorithmic trading such as TradingView among others. Step 3: Code It When you have decided on that, here comes the main part of the process—Writing the code. You will need to transform the strategy you have developed into Written code for your algorithm the specific language of the tool In the case of a moving average crossover strategy, you will need to define the conditions for buying and selling based on moving averages. Step 4: Backtest Your Algorithm This next stage is also very crucial and it involves testing your algorithm against previous data to see how it functions and then adjusting your strategy based on the results. This helps you to identify potential issues and optimize the strategy before putting in real money. Step 5: Deploy Once you are satisfied with the backtest results, deploy your algorithm to start running. Step 6: Monitor Though we have stated that the function of algorithmic trading is to work continuously, it is still necessary to continuously monitor its performance and make adjustments to suit the changes according to your prerogative. Top Crypto Trading Algorithm Strategies to Get Long-Term Benefits Image Source Scalping Scalping is also known as Scalp Trading and it is a strategy you can leverage to generate tiny profits from daily market volatility which could build up to a sizable amount. This method can be used in forex or cryptocurrency trading because it reacts quickly to market changes as it reacts within minutes or even seconds. The main elements that can affect the result are consistency and quickness. Momentum Trading Crypto This strategy is used mostly by investors. With the code “buy low and sell high” they monitor the volatility and price changes of the coin and buy when they notice
Best Crypto Exchanges in Vanuatu (2025)
Looking at Vanuatu, you might think of its beautiful beaches and relaxing island life. But did you know this Pacific island nation is also making big moves in the crypto world? Right now, businesses that want to deal with cryptocurrency need a special license—specifically, a Class D brokerage license. This allows companies to help people trade crypto safely and legally. Beyond business regulations, Vanuatu is doing something unique. The country has a Crypto Citizenship Program that lets people apply for citizenship using cryptocurrency as payment. This approach has caught global attention and made Vanuatu stand out as a forward-thinking nation in digital finance. Read Also: Best Crypto Exchanges in Egypt (2025) That brings us to why we put together this guide: to help you find the best crypto exchanges in Vanuatu for secure and reliable trading in 2025. Key Takeaway Top Crypto Exchanges in Vanuatu (2025) Exchange Trading Fees Best For Max Leverage Available Assets Fiat Support – Vanuatu vatu (VUV) Security Features Unique Features UEEx Spot Trading: 0.09% Futures Trading: 0.05%Margin Trading: 0.08 % – 0.10% Stock Trading: 1.50% Best Overall 200x 300+ No 93% of users fund in cold storage Proof of Reserve$100 million Risk Mitigation Fund Copy tradingNative token, UE Coin, boosts functionality through transactions2000 unique wallet addresses BitDelta 0.15% taker & maker Asset Diversification 10x 400+ Yes EncryptionMulti-factor authenticationInstitutional-grade storage SafePass featureAutomated tools such as algo trading, signal bots, and copy tradingLiquidity Services and crypto loans Binance Trading Fees: 0.1000% / 0.1000% Maker / Taker for Spot and MarginFutures Trading Fees: 0.0200% Maker / 0.0500% Taker (Fees may vary as the level increases) Beginners and Experienced Traders 125x 350+ No 1:1 proof of reservesOffline cold storage, two-factor authentication, multi-signature and threshold signature schemes (TSS) and Advanced Data Encryption Trading botEducational resources from Binance AcademyHas a very high trading volume Coinbase Trading fees: 0.05% – 0.60% Trusted and Secure Exchange to Buy, Sell, and Manage Crypto 20x 240+ No 98% of users’ assets in offline storageTwo-factor authentication Crypto-backed debit cardInstitutional investment solutionsAutomatic stake rewards through Coinbase EarnSelf-hosted walletPowerful tools like real-time order books and sophisticated charting Gate.io Spot Trading: 0.09% / 0.09% maker/takerFutures Trading: 0.020% / 0.048% maker/taker Diverse Trading Options 125x 3500+ No 100% proof of reservesCAPTCHACold/hot wallet separation storage solution Educational resources via Gate LearnAirdrop listings via Gate StartupCopy trading and trading botsWeb3 solutions Paxful Buying Cryptocurrency: Fees vary based on the seller’s rateSelling Cryptocurrency: The escrow amount is the amount of cryptocurrency you are selling P2P Trading N/A 140+ Yes Secure escrow systemTwo-factor authentication (2FA)Advanced encryption. A free Bitcoin wallet500+ payment methods Kraken Spot Trading Fees: 0.25%/0.40% maker/taker (lower fees for higher trading volumes)Futures Trading: 0.0200%/0.0500% maker/taker (lower fees for higher trading volumes) Crypto and NFT 50x 200+ No Utilizes cold storage and two-factor authentication (2FA) Dedicated Kraken walletCompetitive APRs reaching up to 12%. UEEx – Best Overall Crypto Exchange Vanuatu traders looking for a reliable crypto exchange with a wide range of features will find UEEx to be a strong option. With support for over 300 cryptocurrencies and 230+ trading pairs, it offers everything from quick crypto purchases with Apple Pay and Visa to advanced trading tools like spot trading and perpetual futures with up to 200x leverage. Recommended reading: Best Crypto Exchanges in the United States of America (2025) For those interested in stocks and lending, UEEx also provides access to US and Hong Kong Exchange-listed stocks, crypto loans, and mortgage lending products. Security is a priority, with 93% of user funds stored in cold storage and a 100% reimbursement policy for losses due to breaches or technical issues. With user-friendly tools, competitive fees, and 24/7 customer support, UEEx makes crypto trading more accessible for Vanuatu users. Pros Cons Fees and Deposits BitDelta – Best Crypto Exchange for Asset Diversification If you’re looking to diversify your investments in Vanuatu, BitDelta offers a reliable platform with access to over 400 trading assets. From cryptocurrencies and stocks to commodities and indices, you can manage multiple markets in one place. With BitDelta, buying and trading crypto is simple. You can use your credit or debit card, convert cryptocurrencies instantly, or explore advanced features like derivatives trading with up to 10x leverage. For those who prefer automation, BitDelta provides algo trading, signal bots, and copy trading to mirror expert strategies. Security and accessibility are top priorities. BitDelta ensures your assets are protected with advanced encryption, multi-factor authentication, and institutional-grade storage. The SafePass feature even lets you nominate a trusted person to inherit a percentage of your holdings. Pros Cons Fees and Deposits Binance –Best Crypto Exchange for Beginners and Experienced Traders Large-volume traders and everyday users in Vanuatu turn to Binance for its wide range of features and reliability. Since launching in 2017, Binance has grown into a leading crypto exchange, offering access to over 350 cryptocurrencies. Whether you want to trade on the spot market, use leverage with margin trading, or buy and sell through P2P with multiple payment options, Binance has you covered. For those looking to earn, Binance provides flexible and locked-term staking options, advanced yield investments, and even an academy where you can earn crypto while learning. If you prefer automated trading, the platform offers trading bots and copy trading. Security remains a priority, with proof of reserves and two-factor authentication ensuring users’ funds are backed 1:1. With 24/7 support and a mobile app, Binance makes it easy to trade, earn, and explore the crypto space in Vanuatu. Pros Cons Fees and Deposits Coinbase – Best Trusted and Secure Exchange to Buy, Sell and Manage Crypto If you’re looking for a reliable way to trade cryptocurrency in Vanuatu, Coinbase is a great option. Headquartered in San Francisco, it supports over 240 cryptocurrencies, including Bitcoin, Ethereum, and Dogecoin. Whether you want to buy, sell, or store digital assets, Coinbase provides a secure platform backed by strong compliance measures, including Know-Your-Customer (KYC) verification. For those interested in advanced trading, Coinbase offers real-time order books, professional-grade charting tools, and deep liquidity across multiple markets. If you prefer
The Best Ways on How Cryptocurrency Is Used in Everyday Life
Imagine waking up to a to-do list where you need to visit the bank. Thinking about the queue you have to get through and the forms you’ll be required to fill out is already depressing. It’s a simple complaint, and you wish you didn’t need to experience all of the stress. It’s relatable because tons of people worldwide face it too—the world of centralized finance. It is obvious that the control of your finances is not totally up to you but the bank, or, to be exact, the government. You desire a change in system; one where your information or monetary value is not controlled. A system where you have total control over your finances and can use them as you please. This is where decentralized finance (DeFi) comes in, and cryptocurrency with it. This article will shed light on the concept of cryptocurrency and how it can be used in everyday life. So, let’s dive in. Key Takeaways What is Cryptocurrency? Image Credit Cryptocurrency is basically a digital form of money that relies on a Decentralized system of technology, that is, it operates independently of a central authority. In other words, It is money configured and accessible to you alone anytime, any day. It exists solely in electronic form unlike traditional currencies, which are physical objects like coins or paper bills. On the top list of these non-physical currencies is Bitcoin (BTC), created in 2009 as a mode of payment with initial value of $0.10, by an anonymous person with the pseudonym Satoshi Nakamoto it has continued to gain value as it is now worth above $65,000 to one Bitcoin. Since its inception, thousands of other cryptocurrencies such as Ethereum, dogecoin,e.t.c. often referred to as “altcoins,” have been developed, each with its unique features and purposes. Interestingly, every transaction that involves the use of cryptocurrency is recorded on a decentralized ledger called the blockchain. This technology ensures transparency and security by making it nearly impossible to alter transaction data once it’s been confirmed. One of the main attractions of cryptocurrency is its potential to provide financial freedom and inclusivity. They do this by enabling peer-to-peer transactions without the need for intermediaries. Additionally, they offer benefits such as fast and low-cost cross-border transactions and the ability to participate in decentralized finance applications such as NFT (Non-Fungible Trade). Despite its popularity, the cryptocurrencies market is highly volatile; this poses a risk such as price fluctuation, regulatory uncertainty, and potential misuse. Therefore, you need to understand the basics of how cryptocurrencies works and exercise caution when transacting in everyday life. Cryptocurrency Wallets and Transactions While some are still skeptical about the cryptocurrency market others have dived in already and are drinking from the wealth of the new development. A survey conducted by Cointree recorded successful millionaires made out of Bitcoin. Cryptocurrency wallets act as digital storage for your digital assets, much like a physical wallet that holds your cash with a private discreet password for security. These wallets come in various forms: software, hardware, or even paper. When you want to make a transaction using cryptocurrency, think of it as sending an email. You input the recipient’s wallet address (similar to an email address), specify the amount, and hit send. Then, the transaction is moved to the public ledger for recording to ensure that the process is safe and transparent. Each transaction requires verification, usually done by miners—computers solving complex mathematical puzzles. Once verified, the transaction is added to a block, forming a chain of blocks (hence, blockchain). Some examples of wallets are Binance, Solflare, Ton keeper, etc. How Cryptocurrency is Used in Everyday Life Image Source Cryptocurrency is gaining traction in daily applications, offering diverse applications for both crypto enthusiasts and newcomers. Here’s a breakdown of how people are using it: Online Shopping Many online retailers now accept cryptocurrency as payment, allowing users to buy anything from electronics to clothing. BitPay Card is a payment processor that allows businesses to accept Bitcoin and other cryptocurrencies. Travel Expenses Some travel agencies and booking platforms accept cryptocurrency, facilitating hotel bookings, flight reservations, and even car rentals. Remittances Cryptocurrency enables quick and cost-effective cross-border money transfers, bypassing traditional banking systems’ delays and fees. For example, Ripple uses its XRP cryptocurrency to enable fast and low-cost international money transfers. Investment Opportunities People invest in various cryptocurrencies, hoping to benefit from their potential growth, similar to stocks or commodities. Charitable Donations Cryptocurrency donations provide transparency and security, aiding causes worldwide without geographical limitations. The Water Project accepts Bitcoin donations to fund clean water projects. Gaming and Virtual Assets Gamers can purchase in-game items or trade virtual assets using cryptocurrency, enhancing gaming experiences. Games such as Axie Infinity are examples of a games where players earn cryptocurrency by battling, breeding, and trading digital pets. Peer-to-Peer Transactions Cryptocurrency allows individuals to exchange funds directly without intermediaries, fostering financial independence. Uniswap is an example of a decentralized exchange that facilitates the trading of cryptocurrencies without intermediaries. Subscription Services Some content creators and service providers like Microsoft, Shopify and Amazon accept cryptocurrency for subscriptions or access to exclusive content. These show how cryptocurrencies are used in different industries. Cryptocurrency is becoming more versatile, with many ways to fit into daily life. Cryptocurrency in Investing and Savings Image Source: AI-generated Cryptocurrency offers unique opportunities for both seasoned investors and newcomers. Investing in cryptocurrency involves purchasing digital assets with the hope of future profit from its appreciation. Just like traditional investments, stocks or real estate, the value of cryptocurrencies can fluctuate, presenting both risks and rewards. However, it’s important to note that the cryptocurrency market is highly volatile and risk mitigation should be practiced. Therefore, it is wise to invest what you can afford to lose and seek mentorship from top gurus. Individuals can get started on cryptocurrency by opening accounts on exchanges to buy, sell, and hold various digital assets. It is also essential to research and understand the cryptocurrencies you are interested in while considering market trends and security
