Cryptocurrencies

We all know the Shiba Inu token “SHIB” which is a coin that had an unexpected growth, causing profits of thousands of dollars to many people but today is classified as a shitcoin. The token, like many other cryptocurrencies, is not going through a good time due to the great fall of Bitcoin. Shiba has come as a “lifesaver” that can give a boost to the currency, we are talking about Shibarium, a solution that will give greater utility to the token. What is Shibarium? Shibarium is a new and independent blockchain, which will allow SHIB users to make faster and low-cost transactions since the SHIB blockchain is currently on the Ethereum network. All current tokens will be moved to this new Shibarium network and this is expected to cause the price of the token to go up, which gives quite an interesting investment opportunity. At the moment it is not known when Shibarium might be available, but it has been tasted that it is in development, possibly we will see more news near the end of the year or in the first quarter of next year. What is certain is that the launch of Shibarium has generated anticipation among Shiba investors. That is why once it is launched it is likely to be very well received by the community. Should I invest in Shiba Inu? With the fall that cryptocurrencies and Shiba Inu’s suffered much earlier it is normal for many to wonder if it is worth investing. It is expected that with the launch of Shibarium could come an increase in the price of the token, so taking advantage of these low prices could generate good profit in the future. Where can I buy SHIB? Shiba despite its price is still a popular coin so you can find it on all the popular exchanges out there. It would only remain for you to choose which one is your favorite or the one that offers you good stacking yields to generate some extra cash while Shibarium arrives. Conclusion Undoubtedly Shibarium can bring SHIB back to life, just like Elon Musk’s purchase of Twitter has revived Dogecoin and even gave a small boost to Shiba. However, this post is not an investment recommendation, so it is important for everyone to do their market analysis and not invest money that we cannot afford to lose. That is why we invite you to investigate more about Shibarium and see what new utilities they will be able to offer you for being a SHIB holder.

The Ethereum merge, or “The Merge” in English, represents the joining of Ethereum’s existing execution layer with its new collaborative proof-of-agreement layer, Beacon Chain. It was performed on September 19 on a trial basis. This is intended to modify Ethereum’s blockchain from today’s proof-of-work (PoW) agreement mechanism to a proof-of-collaboration (PoS) model designated to be faster and more energy efficient. Why is it called the “Merge”? Ethereum will move from proof-of-work to proof-of-collaboration by merging 2 blockchains: the primary network, and the proof-of-stake network. The merger is going to cause the data stored in the Ethereum primordial network to be transferred to the Beacon Chain, which will then become the primordial blockchain in the Ethereum network. What is proof of collaboration and why is it necessary? In contrast to proof-of-work, which needs miners to compete for rewards in the functionality of the proportion of computational power they can get, the proof-of-collaboration mechanism selects validators at random assignment related to the total portion and timing of when their ether (ETH) was staked. Unlike proof-of-work, PoS validators are not required to subtract blocks to keep the network. Then, the network distributes rewards in ether, the blockchain’s native currency, in proportion to each validator’s collaboration. Some of its advantages include Why are cryptocurrencies bad for the environment? To understand the merger, you should first understand the role of cryptocurrency miners. To mine cryptocurrencies you need to set up a powerful PC with a mining platform, to run a program that tries to solve complicated cryptographic puzzles. In this situation, such a computer will get a reward which in the case of Ethereum, miners get 2 ether plus gasoline, which are the fees paid by users on each transaction. This system is called “proof of work” and is how the Bitcoin and Ethereum blockchains work. The role of Beacon Chain and Ethereum Merge. The Beacon Chain (which runs in parallel to the primordial network or live blockchain version) and currently has well over 375,000 active validators, is the element responsible for maintaining control of the proof of collaboration. Since Beacon Chain cannot carry out capable contracts or manage accounts, the merger with the primordial network will bring this capability to the collaborative proof-of-stake ecosystem. Essentially, the entire Ethereum PoW chain becomes the Ethereum PoS chain.

Many of us already have cryptocurrencies in our own wallets, so knowing how to transfer them to real money is something important to know. Cryptocurrencies are digital money that among its properties is the ability to exchange them for other cryptocurrencies or for the paper money that we use  daily. By FIAT money we know the money legally identified by the regime as euros or dollars. Currently in some countries it is already possible that physical establishments accept cryptocurrencies as a payment procedure, but this is not the case in many places, so in this situation we would have to look for the possibilities to transform cryptocurrencies into euros, dollars or the currency we choose. Here we share some ways to change your digital money easily and immediately: Conclusion: It is increasingly common to find ways to change our cryptocurrencies to real money like the euro or the dollar. Although many exchanges give us the facilities to do so, we still recommend that before making this movement you review the legal bases of your country for the conversion of digital money to physical money. We hope that it will not take much longer for all countries to adopt cryptocurrencies as a local payment method.

Currently when we talk about cryptocurrencies there’s already a wide variety of options to generate money with them without spending a lot of time, as with trading. For these ways, it is enough to know what are the market options that provide passive income and choose the one that we like or are most interested in. What are passive incomes? Passive income is a way to make money on a regular basis without having to devote a lot of your attention to it. In other words, they are produced by themselves through an initial investment and there it ends. Basically, instead of the savings being stagnant, it just increases With cryptocurrencies, there is a wide variety of investment options that generate passive income for experts and beginners alike. Let trading work for you Trading is definitely the most well-known way to trade and generate income with cryptocurrencies. The point is that the ones that really generate short-term income through trading are the ones that are aware of currency movements 24 hours a day. There are some platforms that allow you to set automatic values ​​of which when it drops to a certain amount it is bought automatically and when it reaches a high value it is sold in the same way. So this way trading is done for you. Stacking of your cryptocurrencies Staking through proof-of-stake, an activity that allows you to lock up your cryptocurrencies to contribute to the mining process. In exchange for this, you can get rewards. The blocking time is set at the beginning, either flexible or for a determined fixed term, this can be done with different crypto currencies and variable amounts. Conclusion: It is important to remember that all investments are not risk free. That is why we remind you that everyone has to do their complete research before putting money in, above all, never put money that we cannot afford to lose.

This is the situation of cryptocurrencies, a form of payment that almost no one is unfamiliar with, but which was not yet fully regulated. For this reason, the National Securities Market Commission (CNMV) has decided to regulate the advertising of cryptocurrencies once they are shown as an investment object. Cryptocurrencies with the financial system The advertising of cryptocurrencies goes in that the more understanding by the greater part of the population the greater the provocation for various banking entities or organizations to encourage their users to invest in cryptocurrencies. The CNMV estimates that in several of the campaigns the client is invited to invest in a product about which he has hardly any information or knowledge of its dangers. Thus, cryptocurrency advertising will have to use clear and simple language so that users can understand the message clearly, impartially, and with no intention of lying to them. What should cryptocurrency advertising be like? First of all, you should avoid referring to the profitability that can be obtained with your investment. And, in case of doing so, it will be essential to indicate a specific return time, which cannot be less than one year. It will be essential to make it quite clear which product is being advertised, thus avoiding confusion with other more famous ones, such as Bitcoin. Likewise, it will be essential to indicate the entity responsible, the territory in which they will be stored and the legal framework to be used in that case. What are the problems with cryptocurrencies? For the CNMV, crypto-assets are a high-risk investment product. Regarding stability, it is estimated that the process could be susceptible to attacks that attempt to change the data in the chain; although in this sense, varying a blockchain (or blockchain) could be somewhat difficult for the practical integrity of users. But, should they be able to circumvent the process, users could lose all of their crypto assets. Conclusion: Every day we see that many companies are starting to join the world of cryptocurrencies and NFT, these new projects come with different advertising campaigns. But it is important to be careful and before getting fully involved with the project, we must be fully informed of what is going on and as always never put money that we can not afford to lose.

The year 2009 marked the beginning of the cryptocurrency era, starting with the first of them all, Bitcoin. From that date until today, competitors called altcoins to continue to be added. To the point that to date there are more than 3000 different types of digital currencies in the market, which offer us different things and it is important to taste which are the most popular types of cryptocurrencies and which are vital to know before investing. Below, we present the ones that are considered to be the main cryptocurrencies: Bitcoin Bitcoin was created in 2009 by an anonymous personality under the pseudonym Satoshi Nakamoto. Its main goal was to be used as a payment method that is not affected by government oversight, transfer delays, or transaction fees. Currently, its use is mainly as a form of investment, but its high volatility prevents it from being a legal alternative to fiat money. Ethereum Its chain enables it to generate applications based on blockchain technology, as well as its tokens. Ether takes care of granting the primary fuel to process the network’s decentralized applications. And, transaction prices are calculated based on their difficulty, bandwidth, and storage. It is considered the most important after bitcoin, plus the implementation of smart contracts is what put it here. In its network is where we can find most of the NFTs. Dogecoin Currently, 128.2 billion DOGE are in transit, and each coin is divided into 100,000,000 decimal places. The virtue of this cryptocurrency is that it is cheap because one coin costs only $0.05037. Dogecoin mining rewards have decreased from $1,000,000 to $10,000. Cardano Every single transaction is persistently, securely, and transparently recorded on the Cardano blockchain. Each ADA stored in the digital wallet can be ordered in the pool or hypothecated to the same pool to increase the possibility of earning rewards. One of its attractions is that anyone who owns Cardano owns shares in its network, plus this blockchain is considered scientific and one of the most eco-friendly out there. Litecoin The Litecoin virtual currency is an open-source peer-to-peer currency. This means that Litecoin’s source code is public and anyone can access it. It is an open-source, fully decentralized, universal payment network and an administrator-free transaction system. It is a project that has stood out for its transparency in the function of each of its stages. Conclusion: We remind you that in no way this top is this an investment recommendation, it is up to each one to do their research and never invest money that we can not allow ourselves to lose. This top is to publicize the cryptocurrencies that are considered the most important for what they have brought to this decentralized world and because their projects have stood out.

In the world of cryptocurrencies, scammers are always coming up with new ways to attack and scam people who are not careful or who are new to this world. So if you are interested in this world, it is important that you know the risks and the most common scams so that you can detect them in time and easier. There are many types of cryptocurrency scams. The most common ones include the following: Fake websites These websites try to have a name or domain similar to popular or somewhat well-known exchanges but with some small differences, even internally they look very similar. These fake cryptocurrency sites operate in one of two ways: Phishing:The data you enter such as your cryptocurrency wallet password or recovery phrase and other financial information ends up in the scammers’ database. Like outright theft:  A site that tricks you by promising you a large return, but when you later want to withdraw your money, the site may close the application and even disappear at some point. Phishing scams This scam seeks to go straight for the private keys of cryptocurrency wallets. One of the methods that go hand in hand with the one mentioned above is sending an email to capture the recipients and make them enter the fake website and requests your private information, as they have it they steal the cryptocurrencies from the wallets Inflate and sell strategies This happens by promoting a particular coin or token through emails or social media, this way people log in and inflate the price. At this point, the fraudsters sell their holdings, which causes a drop in the asset’s value. Fake applications Another cryptocurrency scam is through fake apps available for download on Google Play and Apple’s App Store, which promise a way to make easy money through cryptocurrencies. Fake celebrities behind the scheme Sometimes, cryptocurrency scammers pose as celebrities to grab attention and sell phantom projects that don’t exist to inexperienced investors. Gift scams They happen when scammers promise to match or multiply the cryptocurrencies sent to them in what is known as a one-time opportunity gift scam. Fraudulent Initial Coin Offerings (ICOs) An initial coin offering or ICO is a way for cryptocurrency startups to raise money from prospective users. Customers are promised one-time profits, exclusive costs, and the opportunity to sell at a higher price at launch. But it ends up being a project that does not exist or has no real basis and after receiving the initial investment they abandon the project. How to Detect Cryptocurrency Scams Now these are some of the things you have to notice about a project to realize that it is a possible scam so it is better to take these precautions Promises of assured returns A mediocre or non-existent technical white paper Excessive and bad marketing Anonymous team members Free money or exaggerated gifts How to protect yourself from cryptocurrency scams We also share with you some extra barriers to being more secure Protect your wallet with well-thought-out passwords Invest in projects you understand Beware of misleading advertising Ignore cold calls Download apps from verified sources Research Conclusion: When navigating this world we recommend you be careful where you put your money, we remind you that it is important regardless of whether it is a scam or not when investing we never have to do it with money we can’t afford to lose.