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Showing posts from June, 2020

Types of Altcoin & it's Beneficial Features

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As everyone knows Altcoin is the 'alternative of Bitcoin' and there are numerous altcoins are available in the crypto world like see. Each altcoin has it's own uniqueness and different feature based on the moto of its creation. Most of the altcoin creation is to overcome the drawback of bitcoin and here is some altcoin benefits, they are,          Adaptability          Strong security          Individual Ownership          Easy International trade          Less  transaction fess          Globalized fast transaction          Asset transfer In the Crypto world, after the launch of Bitcoin numerous peoples start to launch crypto coins similar to bitcoin which is now collectively known a...

Where ERC20 tokens are used & how is it beneficial than other ethereum standards?

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Well, let's just first recall about ERC20 token. What is ERC20? ERC20 is a token which is created from the ethereum blockchain platform. From ethereum numerous standard tokens are generated like, ERC20 ERC1400 ERC223 ERC721 ERC1203 ERC777 ERC827 And much more. But among all these ERC20 token stand out and the reason is written below.  Benefits of ERC20 In other name, let’s we can have look out about its speciality, that will give a clear cut idea why it is stand out from others. Transaction - speed, effective, globalized. Creation - Extremely easy to create. Interaction - Reduce the complexity of token interaction. Contract - Risk of the contract breaking is low. Liquidity - Increased token liquidity. Revenue - High revenue because of wide usage & familiarity. How does it benefit the crypto & non-crypto users? Thus, after knowing it benefits everyone will be eager to create your own token. And non-crypto users can ...

Is ERC20 token beneficial for non-crypto users too?

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Well, the answer is YES. Both the crypto and non-crypto folks can use the ERC20 token and gain benefits by it. Non-crypto users can create a token in any existing blockchain platforms like ERC20 token in ethereum blockchain platform. There is numerous blockchain platform available where tokens can be generated as per the need of utility. Each blockchain platform has it is own unique feature so as per the requirement the tokens and blockchain can be selected to create. ERC20 token is widely usable one among the businessman that is because of its popularity and familiarity. The benefits of ERC20 token is also high compare to the other tokens which is also one of the main reason for its global attraction. Here, lets we can see about some ERC20 benefits, which will also give a clear idea to non-crypto users that how ERC20 token benefit them. Benefits, ➤   ERC20 tokens are using high-level contract oriented programming with solidity syntax. ➤   These token...

Cryptocurrency new peak & it's role in business field

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What is cryptocurrency? For starters, here is the basic definition that is cryptocurrency is nothing but a virtual coin that has some value like physical currencies and because of it's safe feature of virtuality numerous people started to use it. Reason for its new peak: After the launch of the very first cryptocurrency in the market, it's usage begin to grow widely and it also started to step foot in numerous industries. Moreover, now the reach of it's new peak reason is,   Fraud reduction   Speedy transaction   Global transaction   Less transaction fees   Crypto Wallets are well protected by private key   And much more Cryptocurrency in Business Field Because of it is wide usage of cryptocurrency, it stepped foot in different fields and made a mild stone in it. Among that one of the popular industries is the business field, where now cryptocurrency usage is making a new record because of the raised need for updated technol...