Learn about Stellar’s roots, its advantages over other cryptos, open-source financial fabric, Lumens, consensus protocol, and real-world applications in the market.Are you interested in learning more about Stellar (XLM) and its potential in the cryptocurrency market? In this blog post, we’ll take a closer look at the basics of Stellar, a digital currency that has been gaining attention for its …
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Stellar is a blockchain-based platform designed to facilitate fast, low-cost, and cross-border transactions. Its native cryptocurrency is called Lumens (XLM). Stellar aims to connect people, banks, and payment systems, enabling them to transfer assets quickly and efficiently. How Does Stellar Work? Consensus Protocol: Stellar uses a consensus algorithm called Federated Byzantine Agreement (FBA). This allows the network to reach an …
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Shiba Inu (SHIB) is a cryptocurrency that gained popularity as a meme token. It was created in August 2020 by an anonymous person or group of people known as “Ryoshi.” The name and logo of Shiba Inu are inspired by the Shiba Inu dog breed, which gained fame as the face of the Dogecoin (DOGE) meme. How Shiba Inu Works: …
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Ripple (XRP) is both a digital payment protocol and a cryptocurrency designed to facilitate fast, low-cost cross-border transactions. How Ripple Works: Consensus Algorithm: Uses a unique consensus algorithm to validate transactions without relying on mining. XRP Ledger: The XRP Ledger is a decentralized blockchain that serves as the foundation for the Ripple network. Gateways: Gateways act as entry points, allowing …
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Dash (DASH) is a cryptocurrency that focuses on privacy and fast transactions. It aims to be a user-friendly digital currency for everyday transactions. How Dash Works: Masternodes: Dash utilizes a two-tier network with miners and masternodes. Masternodes enhance features like InstantSend and PrivateSend. PrivateSend: Provides optional privacy by mixing transactions, making it harder to trace. InstantSend: Allows for near-instant transactions, …
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Bitcoin Cash (BCH) is a cryptocurrency that emerged as a result of a fork from the original Bitcoin (BTC) in 2017. It was created to address scalability issues and improve transaction speed. How Bitcoin Cash Works: Increased Block Size: Bitcoin Cash increased the block size from 1 MB to 8 MB, allowing for more transactions to be processed in each …
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Litecoin (LTC) is a peer-to-peer cryptocurrency created by Charlie Lee in 2011, often referred to as the “silver to Bitcoin’s gold.” How Litecoin Works: Blockchain Technology: Like Bitcoin, Litecoin uses blockchain technology for secure, decentralized transactions. Scrypt Algorithm: Litecoin uses the Scrypt algorithm, making it more accessible for individual miners and allowing for faster transaction confirmations. Benefits of Litecoin: Faster …
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Monero (XMR) Coin is a privacy-focused cryptocurrency designed to provide secure and anonymous transactions. How Monero Works: Privacy by Default: Monero automatically employs privacy features, such as ring signatures and stealth addresses, to obfuscate transaction details. Ring Signatures: Combines a user’s transaction with others, making it challenging to trace the origin of a transaction. Stealth Addresses: Generate unique addresses for …
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What is Bitcoin? Bitcoin (BTC) is a form of digital or cryptocurrency. Unlike traditional currencies issued by governments (fiat currencies), Bitcoin is decentralized, meaning it’s not controlled by any single entity like a government or central bank. How Bitcoin Works: Blockchain Technology: Bitcoin transactions are recorded on a public ledger called the blockchain. The blockchain is a chain of blocks, …
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Dogecoin (DOGE) is a cryptocurrency that started as a joke based on the popular “Doge” internet meme featuring a Shiba Inu dog. Despite its humorous origins, Dogecoin has gained a substantial community and has been used for various online tipping and charitable activities. How Does Dogecoin Work? Dogecoin operates on a decentralized peer-to-peer network using blockchain technology, similar to Bitcoin. …
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