Cryptocurrency is a possibly extraordinary digital resource for investment. Among different commodities, cryptocurrency will keep on being in the buzz for investment this year. If we pick the profits graph of the most recent ten years, cryptocurrencies have been among the most maximum yielding investment items. In this article, we provided a list of the top 10 most popular cryptocurrencies in 2021. 

May 2021 | AtoZ Markets – There is no single cryptocurrency we can bring up as the most elite. Numerous cryptocurrencies offer very pleasant opportunities for investment, relying upon what you’re searching for and what your investment objectives are. The height of the experience you have is a nother interesting point. For instance, cryptocurrencies may be a wise investment for the novice. While others appropriate for further developed crypto traders.

Moreover, it would be best if you remembered that purchasing the best cryptocurrencies isn’t sufficient to be a fruitful crypto trader. Many traders have seen their crypto venture reached to a conclusion since they didn’t give enough effort to security. If you are eager about investing resources into cryptocurrencies, you need to invest energy into ensuring your investment by strengthening your security.

Many individuals will debate that cryptocurrencies are the eventual fate of the fund. While that future may be years away, it is positively not an insane description to make. Digital currencies offer various points of interest contrasted with conventional fiat cash, for example, lower charges, transparency, and transaction/exchange speed.

When taking a glance at cryptocurrencies from an investor’s point of view, there are mostly five causes for consideration.

If you have any intention to put resources into the crypto market this year, then 2021 will be the most fabulous year to put resources into cryptocurrencies, as indicated by numerous crypto fans. Below here we mentioned top 10 most popular cryptocurrencies in 2021:

Bitcoin is in the first place of the most popular cryptocurrency to date. Bitcoin’s price is quite higher than other cryptocurrencies. Besides, it is frequently mentioned as “the king of cryptocurrencies”. Bitcoin’s price has climbed significantly in a few months and Bitcoin holding the current price above $55,000. Many analysts predict that Bitcoin’s price may reach $100k this year. Moreover, as the world economy is currently in a recession because of COVID-19, investors are looking forward to safe-havens, which boosts Bitcoin price at an all-time high. So, this is the high time to invest in Bitcoin, before the price strikes further.

Besides, the primary objective of Bitcoin to get worldwide, distributed, digital money, which has segregated from any guideline and along these lines completely decentralized. Other than that, the explanation of keeping Bitcoin on your investment radar is that it has the most elevated liquidity in the crypto space, which likewise makes it the best cryptocurrency to purchase if you are a novice.

ETH comes second on the list of top 10 most popular cryptocurrencies. ETH is the endemic cryptocurrency of the Ethereum blockchain network, which is most likely the digital coin alone that has figured out how to approach the prominence and fame of Bitcoin. It’s an altcoin that uses efficient smart contracts planned in such a way that it can be utilized in a diversity of real-world applications for performing exchanges in an extremely secure, decentralized, and distributed style. Whereas Bitcoin, the worth and request of the ETH are generally filled by its ease of use. Besides, the appeal for its blockchain and applications that can be handily altered to manufacture other decentralized applications, currencies, and smart contracts.

Ripple is in the third position on the list of most popular cryptocurrencies. It is the all-time most loved cryptocurrency of numerous investors. Because other than Bitcoin, Ripple is likely the most utilized coin for cross-border installments by many major financial institutions, including banks, over the world. Moreover, going about as the essential currency for performing exchanges/transactions inside the Ripple Ecosystem. The Ripple coin can similarly utilize for performing simple and reasonable worldwide financial exchanges/transactions. The Ripple network offers a scope of well-known items, for example, RippleNET, xRapid, and xCurrent. That being utilized by organizations worldwide for finding and associating with clients and service providers.

The fourth most popular cryptocurrency DASH is another computerized currency that was made on the idea of secure, shared advanced installments. In addition to other things that make Dash a well-known coin is the capacity to process installments immediately, in real-time. That empowers people and associations around the globe to perform sheltered and immediate cross-border exchanges utilizing Dash. It is also mainstream since it charges an exceptionally low expense from the transacting/executing parties, and the installments are dependable. The ongoing consultation from the World Health Organization (WHO) to receive digital cash over paper money to keep away from infections like COVID-19. It’s relied upon to bring about a major lift in the value and demand of Dash and numerous other cryptocurrencies out there.

NEO is the 1st open-source digital money started in China. It likewise, in some cases, called the Chinese form of Bitcoin. As it appears to work pretty much like Bitcoin, which has authoritatively not legal in China. NEO is unique about BTC. For one, it is open-source and run by a network of NEO clients, investors, and planners. NEO highlights a cross-platform, multi-language upheld smart contract system based on blockchain technology for simple and proficient administration of computerized resources in a decentralized situation. The essential focal point of the NEO system on making an ecosystem where genuine resources can digitize for simple liquidity and to support the mass appropriation of blockchain.

TRON is the 6th of most popular cryptocurrencies. It is a blockchain-based working system that permits developers to assemble cutting edge decentralized applications, smart contracts, and so forth on the blockchain. TRON expects to build up an environment or a sort of new web which has run by blockchain. It likewise serves as a worldwide, decentralized substance management system dependent on blockchain technology. Suppose you are a patron of the decentralized economy and indulge in a system where financial transactions are no longer administered by centralized entities. For example, banks or the administration, you ought to surely look at the TRON investment.

Titan coin, or TTN, is on the 7th of the top cryptocurrencies. It is one of the recent coins that relatively few individuals think about. However, yet they merit appraisal for the imaginative utilization of blockchain technology. In the beginning, Titan coin resembles whatever other digital money that can be utilized for making simple, quick, and secure cross-border installments. You can utilize it at any vendor or site that acknowledges the coin. It utilizes hybrid consensus (PoS/PoW) for included security and effectiveness in the blockchain.

However, what makes the titan coin remarkable and unique about most different cryptocurrencies is the nearness of genuine use cases. The Titan investment has been introduced as an environment that includes a scope of exceptionally usable activities or mobile applications that may make everyday tasks simpler for the general populace. All the applications in the ecosystem use titan coin as a method for secure, in-application installments, along these lines making an undeniable demand and boosting the coin an incentive in the market.

Litecoin is secured in the 8th position on the top most popular cryptocurrency/digital money list. It is a shared cryptocurrency dependent on blockchain. It works pretty much like Bitcoin however has fewer asset escalated. As such, the upkeep of a Litecoin organize is moderately simpler and less expensive. It utilizes blockchain technology for the creation and move of computerized coins. Litecoin is one of the first altcoins (bitcoin elective) and introduced in 2011. The primary variety among LTC and BTC is in the kind of hashing algorithm they use. The utilization of the Scrypt PoW algorithm by Litecoin permits clients to mine this coin with GPU and other customer grade equipment.

ICON is one of the principal projects to chip away at the idea of blockchain technology interoperability.  That permits clients on these blockchains to interface and transact with one another. This successfully extends the range and use instances of cross-chain technology. ICON runs on a typical reason for blockchain technology that depends on the Proof-of-Stake consensus. That may utilize for making and actualizing smart contracts with other decentralized applications (DApps). The ICON blockchain has supposed to have the option to process numerous exchanges or transactions every second.

ZRX is, last but not least, of the top 10 most popular cryptocurrencies/digital money. It has a cryptocurrency for the clients of the Ox platform. That has a blockchain technology convention for permitting the decentralized (shared) transaction of the token and the scope of advanced resources on the Ethereum blockchain. ZRX holders can likewise vest their tokens by marking with 0x market producers and achieve liquidity awards in return.

Thus, here closes the rundown of the top 10 most popular cryptocurrencies. It can add value to your time and cash in 2021 and further. Keep in mind this is not proficient monetary guidance. It is only a couple of determined crypto recommendations dependent on continuous market patterns. Continuously do your examination and research a cryptocurrency before putting resources into it.

Think we missed something? Let us know in the comment section below.

As the price of Bitcoin increases, the excitement of industry experts and speculators has increased considerably. With sentiment surrounding the asset as its highest in years, it appears that everyone is trying to get their hands on it. Earlier this week, the Winning Poker Network (WPN), an online network for gambling sites, explained that it had seen a rise in demands for Bitcoin-based payouts.

In an interview with Bloomberg, WPN chief executive Phil Nagy explained that up to 95 percent of its payouts are now in Bitcoin. Nagy explained that users were excited about Bitcoin’s price rally and are now demanding more payments in BTC.

The company had been supporting cryptocurrencies since 2014, according to the WPN boss. But as demand increases, WPN has been forced to buy more.

Nagy estimated that WPN was issuing over $100 million in BTC payouts monthly before Bitcoin’s recent bullish run. That number amounted to about 60 percent of the network’s transactions. With the asset now surging, the firm could be on track to cross $160 million in monthly payouts.

The growth in demand is beyond just poker players, oddly. With Bitcoin riding a three-year high, more people have become conscious of the asset and are purchasing. Following Bitcoin’s three-year high on November 18, crypto analytics provider Glassnode reported a substantial spike in the number of new Bitcoin addresses.

Bitcoin has proved its potential on several fronts this year – whether as a hedge against inflation or as a speculative bet. With the leading cryptocurrency up over 300 percent since January, there could be a new all-time high before the year ends.

Like in 2017, FOMO along with renewed optimism in BTC is driving its price upwards. Investors are also antsy about a repeat of the 2017 bubble, but some analysts believe this is different. Co-founder of statistics resource CoinMetrics Nic Carter highlighted nine charts disputing fears of a retraction. From wallet balances with over $10 in them to Bitcoin spot prices in fiat currencies and institutional investment levels, all metrics showed a mature market with robust performances.

Comparing it to the 2017 bull run, Carter explained in his blog post:

HomepageFollowSign inGet startedSteven StewartBlockedUnblockFollowFollowingOct 11, 2017Request Network Token Sale Smart Contract Security Audit SummaryRecently, we at Quantstamp audited Request.Network’s token sale smart contract to help them guarantee a safe and secure token sale.The audited contract is available here: https://github.com/quantstamp/RequestNetwork_Review.In summary, the Request Network token sale smart contract overwhelmingly passed our security audit. General observations include:significant use of widely-tested open source code;strong adherence to best-practices;a choice of simplicity over complexity;comprehensive code coverage with unit tests; anda cautious use of guards/modifiers to eliminate large swarms of vulnerabilities.In security, we must expect the unexpected and the Request.Network smart contract takes this mantra to heart. The ample use of the onlyOwner guard ensures that access to certain functions during the crowdsale is constrained to a trusted Ethereum account. They have carefully guarded against reentrancy exploits, like the kind that plagued the DAO last year, and the use of a safe library for mathematical operations avoids problems with integer overflow. We also consider it very sensible to have a drain function that allows the Request Network team to extract tokens sent by mistake to the contract.Request.Network thoroughly impressed us by the amount of care and attention to detail they’ve put into their code. We only observed some very minor issues. They immediately addressed our nitpicks and have made an already fantastic token sale smart contract even better.We did notice one thing about Request.Network’s automated test suite — it didn’t work right away. It’s important to ensure that test files are executed in a deterministic manner, but the state of the blockchain time data did not appear to update properly in between test files. This would cause the creation of the RequestTokenSale contract to fail due to the startTime parameter not being greater than now. In order for all tests to function properly, the addsDayOnEVM() function was called appropriately before each creation of a RequestTokenSale.We identified one faulty test case due to a hard-coded date value. This test ensures that RequestTokenSale cannot be instantiated with an end-date before the start-date. The hard-coded date caused unforeseen interaction with the actual current date, which presumably did not occur when the test was originally written. After updating the constant to an appropriate value, the test passed as expected.Presently, we perform a mix of human and automated checks. As our project matures, we’ll be automating more of our auditing process. We aggressively test for certain vulnerabilities using static analysis and reachability procedures. Meanwhile, our Senior Software Engineer, Ed is developing a powerful fuzzer for automatic test-case generation. At this time, the fuzzer requires Ed’s expertise to make tweaks from project to project, and he’s working towards generalizing it for wider use.One challenge of programming in Solidity is that what you think is happening might not actually be the case (aka “semantic gaps”). At each step of the way, our engineers take the mindset of “the attacker”. We question every design decision, every line of code, and envision that millions of dollars are at stake. We trace through scenario after scenario, and map each back to the EVM execution model.One of the most important things we do as a team is endlessly ask one another, “What if?” What excites us about this approach is how new ideas for automation emerge that will strengthen our security library. That’s what happens when you put a bunch of white-hat hackers in a room together. Eventually, our scalable, decentralized model will put tens of thousands of white-hat hackers with advanced automated reasoning tools in a room together asking “What if?” and testing those scenarios in a consensus based environmentWe’re thrilled to have formed a partnership with Request.Network. Not only are we excited about their project, Etienne (CTO) and Vincent (lead developer) are great blockchain visionaries who share our belief in the future of the blockchain to improve people’s lives.About Request NetworkRequest is a decentralized network that allows anyone to initiate a payment (a Request Invoice) for which the recipient can pay in a secure way. All of the information is stored in a decentralized authentic ledger. This results in cheaper, easier, and more secure payments, and it allows for a wide range of automation possibilities. Request integrates a general ledger (in the accounting sense of the term), designed to support 100% of global transactions, regardless of currency, legislation or language. Request can be seen as a layer on top of Ethereum, which allows requests for payments that satisfy a legal framework. Please see the Request Network whitepaper for more.About QuantstampThe Quantstamp protocol solves the smart contract security problem by creating a scalable and cost-effective system to audit all smart contracts on the Ethereum network. Over time, we anticipate every Ethereum smart contract to use the Quantstamp protocol to perform a security audit.l. The protocol consists of two parts: 1.) An automated and upgradeable software verification system that checks Solidity programs. The conflict-driven distributed SAT solver requires a large amount of computing power, but will be able to catch increasingly sophisticated attacks over time. And 2.) An automated bounty payout system that rewards human participants for finding errors in smart contracts. The purpose of this system is to bridge the gap while moving toward the goal of full automation. Check out our website www.quantstamp.com to learn more.BlockchainEthereumSolidityQuantstampSmart ContractsOne clap, two clap, three clap, forty?By clapping more or less, you can signal to us which stories really stand out.529BlockedUnblockFollowFollowingSteven StewartFollowquantstampThe protocol for securing smart contracts529Never miss a story from quantstamp, when you sign up for Medium. Learn moreNever miss a story from quantstampGet updatesGet updates .u-resetSpectrum .u-baseColor--placeholderNormal ::-webkit-input-placeholder {color: rgba(0, 0, 0, 0.2980392156862745);} .u-resetSpectrum .u-baseColor--placeholderNormal ::-moz-placeholder {color: rgba(0, 0, 0, 0.2980392156862745);} .u-resetSpectrum .u-baseColor--placeholderNormal :-ms-input-placeholder {color: rgba(0, 0, 0, 0.2980392156862745);}

Request Network (REQ) is a cryptocurrency token generated on the Ethereum blockchain.

Current Request Network price is $ 0.0339 moved up to +14.2% for the last 24 hours.

All time high (ATH) price of Request Network reached $ 1.17 on 6 Jan 2018 and fallen -97.1% from it.

Request Network's share of the entire cryptocurrency market is 0.00% with the market capitalization of $ 26.18 Millions.

Request Network’s 24 trading volume is $ 728.57 Thousands. It is trading on 17 markets and 12 Exchanges the most active of them is Binance.

Find more details about Request Network cryptocurrency at the official website and on the block explorer.

Flare Networks, a startup backed by Ripple, will begin to distribute its Spark (FLR) token via an airdrop that begins this week.

There are many ways to participate in the airdrop, but eligible users must hold XRP in order to receive FLR tokens.

Participants will receive Spark tokens based on their XRP balance on Dec. 12, 2020 at 00:00 UTC. Spark tokens will be distributed when Flare Networks goes live between Q1 and Q2 2021.

The total supply of FLR tokens is 100 billion, and Flare Networks’ collective userbase will be able to claim 45 billion FLR through the airdrop. Distribution details will depend on total XRP held.

The first round of distribution on Flare Networks launch will transfer 15% of the total claim amount to users. Users will receive the remainder over the next 25 to 34 months.

Concerns about conflict of interest have been raised. Ripple Labs, one of the largest holders of XRP, could hypothetically gain a large share of the airdropped FLR tokens. However, Flare Networks has excluded Ripple Labs and certain employees from the airdrop, which will prevent FLR ownership from becoming centralized.

The easiest way to claim FLR tokens is to hold XRP on an exchange that supports the airdrop. These exchanges are listed on Flare’s Network website here. The list includes top exchanges like Coinbase, Kraken, Binance, Bitstamp and others.

Immediately after the airdrop announcement, there was uncertainty around whether some of those exchanges were fully prepared to support the airdrop. However, over the last few days, leading exchanges like Coinbase and Kraken have confirmed that they will indeed participate in the airdrop.

If you plan to claim Spark in your own Ethereum wallet instead of through an exchange, follow these instructions. The deadline for claiming FLR tokens is June 11, 2021.

Flare Networks is attempting to introduce Ethereum-like functionality to XRP Ledger. Flare is compatible with Ethereum smart contracts and applications. Furthermore, Ethereum wallets like Metamask and Ledger have decided to support the airdrop, meaning that users will be able to use those wallets with Flare apps.

So far, reception has been positive. In November, the number of new XRP addresses spiked due to hype around the project, as new account activations rose from 1,250 to 7,500.

More recently, hype around the project drove up the value of XRP, which gained 200% in less than a week.

If it succeeds, Flare Network will show that XRP Ledger has applications beyond basic payment settlements.

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Get the best data-driven crypto insights and analysis every week: Weekly FeatureBy Nate Maddrey and the Coin Metrics Team The following is an excerpt from a full-length report which has been truncated due to space limitations. Read the full report here. Decentralized finance (DeFi) took over the crypto world during the summer. But it cooled off after September, and has taken a back seat to BTC and ETH since. In this week’s Feature, we explore the rapid rise of DeFi tokens and the current state of DeFi’s market cap and usage. You can check out our DeFi data and recreate many of the charts featured in this piece using our free community charting tool.  Although it may seem like it popped up overnight, DeFi has been around for years. During 2018 early projects like MakerDAO (MKR) and 0x (ZRX) pushed the total DeFi market cap to over $5B, as Ether (ETH) price reached all-time highs. But the initial DeFi surge was dwarfed by this summer’s run, which saw the rapid entry of many new projects. Source: Coin Metrics Network Data Charts DeFi’s recent rise began in earnest in June with the launch of Compound protocol’s COMP governance token. COMP’s launch kickstarted the rise of decentralized lending and borrowing, which served as the initial fuel for DeFi’s surge. Compound lets users borrow cryptoassets like ETH, DAI, and USDC using crypto as collateral. It also lets users lend their cryptoassets and earn yield, which has become a cornerstone of DeFi investing. In addition to Compound, Aave protocol has grown to be one of the largest DeFi decentralized lending platforms. Aave originally launched the LEND token, which they recently transitioned to the AAVE token.  Following COMP many other DeFi applications launched governance tokens during the summer of 2020. Yearn.finance, an application that automatically invests user’s funds into the highest yielding decentralized lending markets, launched the YFI governance token in mid-July. YFI was launched through incentivized liquidity pools which has become a popular way of launching DeFi tokens. YFI reached a market cap of over $1B by the end of August. DeFi market cap peaked on September 18th shortly after the launch of Uniswap’s UNI governance token. Uniswap, the largest Ethereum-based decentralized exchange, has been the engine behind DeFi mania. Uniswap allows anyone to create a new token pair and immediately begin trading using decentralized liquidity pools, which helped new DeFi tokens launch and scale quickly. Uniswap trading volume increased from about $1M a day in early June to close to $1B a day in the beginning of September. UNI was launched as an airdrop that rewarded previous Uniswap users and liquidity providers. Because of its sudden launch, UNI almost immediately catapulted DeFi market cap to a new all-time high. But soon after, the bubble began to burst. New UNI recipients started to sell their tokens en masse, causing UNI’s price to drop from a high of close to $7 to a low of less than $2. Additionally, a series of exploits and hacks led to large losses, which took more air out of the sector.  Source: Coin Metrics Network Data Charts But DeFi market cap has started to turn back around. After reaching a local low on November 4th, DeFi market cap has returned back to late September levels following a surge from BTC and ETH. If BTC and ETH continue to rise, DeFi could be a big benefactor.  Similar to market cap, DeFi usage as measured by daily active addresses also peaked in September. Following the initial airdrop there were over 176K UNI active addresses on September 17th, by far the largest amount in DeFi history. But since then UNI daily active addresses have rapidly declined and leveled off at about 5K per day.  Source: Coin Metrics Network Data Charts Removing UNI from the above chart shows that other DeFi tokens are regaining usage. Excluding UNI, the overall number of active addresses still peaked in early September, mostly due to the rise and fall of SushiSwap (SUSHI).  Source: Coin Metrics Network Data Charts Continue reading “The State of DeFi Tokens” here… Network Data InsightsSource: Coin Metrics Network Data Pro Bitcoin (BTC) and Ethereum (ETH) continued their hot streaks this week. BTC averaged over 1M daily active addresses and continues to close in on the all-time high of 1.29M set in December 2017. BTC’s realized cap topped $128B on November 12th, the highest it's ever been. ETH’s realized cap grew 3.9% week-over-week and is now over $36B, its highest level since September 2018.  After originally forking from Bitcoin in August 2017, Bitcoin Cash (BCH) is undergoing its own split. On Nov 15th, Bitcoin Cash forked into two chains: BCHA, and BCHN. At time of writing, BCHN appears to be winning, as little to no hash power is being devoted to BCHA. Initially proposed as a “medium-of-exchange” alternative to BTC that could be used as a transactional currency, BCH has averaged less than $150M per day of adjusted transfer value for most of 2020. Comparatively, BTC is currently averaging over $4B of daily adjusted transfer value. Source: Coin Metrics Network Data Charts Although low transaction fees were often touted as one of the advantages of BCH, low fees likely hurt the long-term viability of the network. Transaction fees are paid to miners as an incentive for securing the network (in addition to block rewards). While low average fees are good for individual users, low total fees typically means that there’s low demand for block space, and ultimately low demand for using the network. BCH has had a total of less than $1.5M worth of transaction fees over its entire history. BTC had over $1.6M daily transaction fees last Friday. Source: Coin Metrics Formula Builder Similarly, BCH usage remains far behind BTC. The following chart shows the percent share of total active addresses across both BTC and BCH. BCH only has about 6% of active addresses, compared to 94% for BTC. Source: Coin Metrics Network Data Charts Market Data InsightsThe decentralized exchange (DEX) tokens, UNI and SUSHI, made tremendous gains this past week as traders/speculators looked to place bets leading up to this Tuesday. November 17th marks the day that the initial UNI liquidity mining bonus program is originally scheduled to end. For those unfamiliar, this program pays out Uniswap's governance token, UNI, at a rate of 83,333 per day to liquidity providers in the pairs ETH/USDT, ETH/USDC, ETH/DAI, and ETH/WBTC. There are two base case outlooks on the end of this program:  1) UNI will go up in value with decreased supply.  2) UNI will decrease in value because liquidity will leave Uniswap due to lowered incentives, decreasing the value of the platform. This creates an opportunity for the similar, alternative dex SushisSwap to attempt to attract that liquidity searching for a higher yield. And as of Monday afternoon they are changing their bonus structure to do just that, boosting the incentives paid out to those pools with programs ending on Uniswap. A governance proposal has been made for Uniswap to extend the program an additional two months while reducing the rewards by half. If voted in this proposal would not take effect until December 4, 2020, giving liquidity providers a fairly large window of time to move from the platform. The real winners from the continuation of the bonuses by both Uniswap and SushiSwap are the yield farming tokens which can continue to leverage these platforms to boost APY.  UNI is up ~17% and SUSHI ~90% since Uniswap’s ‘community’ call last Friday CM Bletchley Indexes (CMBI) InsightsA mixed week for CMBI and Bletchley Indexes that saw a cool down in most of the large cap market after several weeks of outperformance and a slight resurgence in mid and small caps. The exception to this was the CMBI Bitcoin, which had another strong week closing up 3% at $15,860.81. During this week, Bitcoin also experienced multi year highs, reaching levels that had not been experienced since January 2018. The CMBI Ethereum finished the week down like many of the top 10 assets, closing at $444.11. The contrast in performance between Bitcoin and the other top 10 crypto assets can be observed in the returns of the CMBI10 and the CMBI10 Excluding Bitcoin, the former which closed the week up 1.8%, the latter down 1.6%. Source: Coin Metrics CMBI Coin Metrics UpdatesThis week’s updates from the Coin Metrics team: As always, if you have any feedback or requests, don’t hesitate to reach out at info@coinmetrics.io. Subscribe and Past IssuesCoin Metrics’ State of the Network, is an unbiased, weekly view of the crypto market informed by our own network (on-chain) and market data. If you'd like to get State of the Network in your inbox, please subscribe here. You can see previous issues of State of the Network here. Check out the Coin Metrics Blog for more in depth research and analysis. Share Already a paying subscriber? Sign inFor your security, we need to re-authenticate you. Click the link we sent to , or click here to log in. Ready for more?© 2020 Coin Metrics. 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Universal Basic Income may soon become possible through an initiative powered by Proof of Humanity. Users who register on the PoH identity network will accrue 720 UBI each month. 

0.5 M UBI for WETH, with a minimum bid price of 4541.326 UBI per WETH

The auction will end in 7 days and 22 hours.

Place your limit order while it’s hot. 🔥🔥https://t.co/gcQ1oVVwG6

— Gnosis Auction (@GnosisAuction) May 3, 2021

Proof of Humanity is building an identity network on top of the Ethereum blockchain. To register on the network, users must submit a video proof of their Ethereum address, certifying that they are real humans and that they are not already registered. Their registration must be vouched for by at least one verified person already in the network. 

Verified users are incentivized to report addresses that are suspected to manipulate the network. Any manipulation reports are then resolved by a Kleros court, making the network Sybil-resistant. Once verified, users will start to accrue UBI tokens, which can be unlocked anytime on request. 

The initial supply is 10 million UBI, of which four million are allocated to the UBI DAO treasury and four million to liquidity mining. Two million UBI are allocated to users who migrated Democracy Earth’s HOUR tokens, which were the precursor of UBI, to the new platform. The treasury also seeks to sell 0.5 million UBI on the recently launched platform Gnosis Auction , at a minimum bid of 4541 UBI per WETH. 

Enabling each person on earth a universal basic income without taxation or other means of forceful wealth redistribution is one of the hardest problems crypto economists are trying to solve. The problem is that most approaches towards a crypto-enabled UBI rely on the endless inflation of the token supply and Proof of Humanity’s UBI token is no different. 

Luckily, the inflation rate is capped and algorithmically predictable, like for most other inflationary token models, such as Bitcoin and most crypto assets based on a Proof of Stake blockchain, albeit at a very high level. The initiative by Proof of Humanity mints one UBI per hour for each registered and verified person, which transfers to a universal basic income of roughly 525 USD at the current market rate and auction price.

With a world population of 8 billion people, this would amount to 5.76 quadrillions UBI minted each month, which vastly outnumbers the initial supply of 10 million UBI. This casts serious doubts that the token can keep its value once it hits mainstream adoption. On the flip side, the minting is restricted to users who register their identity on the Proof of Humanity platform, so the inflation rate is linked to adoption, allowing the supply to grow somewhat organically. 

Ultimately, once the goal of a worldwide universal basic income is met, the inflation rate will actually start to decrease, as the circulating supply keeps increasing while the amount of minted token will remain nearly constant. In theory, it is therefore very much possible to create a universal basic income through token supply inflation. In practice, the free market will determine a fair price for the UBI token.

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Flare Networks has announced that they will be hosting yet another airdrop for their native Spark token.

Second crypto giveaway by Flare Networks

This time, however, the cryptocurrency giveaway will target Litecoin (LTC) holders instead of XRP holders. Flare Networks, which is a smart-contract utility fork of Ripple, had announced previously that they will be distributing 45 billion Spark (FLR) tokens from the 100 billion that will be minted. The announcement follows the Spark token Airdrop Program, which went live on December 12, with a snapshot of XRP holders’ funds on participating exchanges and wallet platforms. The snapshot recorded the total amount of XRP investors held so that Spark tokens could be distributed freely to them on a later date, sometime in the first quarter of this year.

In order to be able to launch a second airdrop for Litecoin, Flare Networks will reduce the cryptocurrency amount that was initially going to be shared among its founders. For the second airdrop, a budget of five billion FLR tokens have been set. The announcement read:

“Flare foundation token allocation will be reduced so that 5 billion FLR can be distributed to LTC participants.”

Flare announced that more details will be revealed later on. With the new cryptocurrency giveaway for Litecoin holders, this may draw crypto users to leverage Flare Networks’ smart contract platform more for lending and transacting. The Flare mainnet, which is to be released in the second quarter of 2021, will aim to deliver Ethereum-like smart contract functionality to different networks, such as Litecoin and XRP Ledger. Flare said:

“Flare will be integrating Litecoin ahead of the Flare network launch in Q2. This will allow LTC to be used trustlessly on Flare with Ethereum style smart contracts and gives LTC interoperability and composability.”  

XRP holders will receive their Spark tokens as planned

Although XRP has been having a hard time struggling to stay afloat since the SEC lawsuit against its mother company Ripple Labs, it has since recovered slightly in price. Despite the lawsuit, Flare Networks has said that the cryptocurrency giveaway of Spark tokens to XRP holders on a 1:1 ratio will remain unaffected.

XRP’s survival in the cryptocurrency market may be attributed to the majority of its trades happening outside the US. Although many exchanges in the United States had halted XRP trading or delisted the token altogether, XRP transactions outside of the United States are still being conducted, with the majority of it coming from  Asia. This may serve to partially explain why XRP has managed to stay afloat despite the SEC's clampdown on the token in the United States. Per the lawsuit, it alleges that XRP is a security.

Blockchain technology has gained momentum in all industries due to its decentralized nature. Companies are looking for ways to integrate blockchain applications into decentralized applications or to create smart contracts. Blockchain is famous for its various forms of cryptocurrency like Bitcoin, Ethereum, etc.

Another popular aspect of the blockchain is tokens. However, not many are familiar with the idea of ​​fungible and non-fungible tokens. Since non-fungible tokens are seen as the future of the blockchain economy, it is crucial to distinguish between them. This article looks at the meaning of tokens, what they mean and the difference between fungible and non-fungible tokens.

Blockchain tokens are sometimes referred to as digital coins, which is wrong. Blockchain tokens are very different from coins. Coins reside in their blockchain and are often used as money. Tokens are built on top of other blockchains created for decentralized applications and therefore their purpose changes according to the dApps. Let’s understand blockchain tokens in detail.

As mentioned above, tokens or crypto tokens are created by platforms in existing blockchains networks and are based on smart contracts. One such famous and widely used blockchain token platform is Ethereum. Common tokens created on the Ethereum platform are ERC-20 tokens and ERC-721 tokens. A feature of tokens is that anyone can create custom tokens on any of the blockchain platforms.

Crypto tokens identify a tradable asset or utility that is placed on its blockchain and allow the owner to use it for investment or other economic purposes. It can be used for trading purposes and also as a form of currency. Crypto tokens are also used to raise funds for crowd sales and other things as replacements. These tokens are developed, exchanged and distributed as part of the ICO process (Initial Coin Offering), which can be used to finance the project development. They are also used to represent an investor’s involvement in the organization.

There are different types of blockchain tokens. Some of them are:

Security tokens, also known as asset tokens, are issued by ICO (Initial Coin Offering). It represents ownership of real assets such as traditional stocks or bonds. Security tokens use a decentralized blockchain database system to track ownership of their assets.

Security tokens allow customers to access multiple investments, and different tokens represent equity, dents, or real estate, depending on where and how they are used.

Transactional tokens are used when exchanging goods or services and usually work like standard currencies. However, some transaction tokens are used to implement the immutability of blockchain technology and smart contracts in the supply chain and other industries.

When a token is used to represent stocks or equity in an organization that issues it, it is known as an equity token. Traditional stock assets enable the holder to own ownership of assets. It also shows what percentage they own.

Utility tokens, also known as application tokens, give owners access to certain products and services. These tokens can be used on platforms to obtain special favors or treatments for services. Most tokens gain in value due to their limited supply. Unlike security tokens, utility tokens are not used for direct investments. They make up the largest percentage of tokens issued by ICOs.

Fungible tokens are interchangeable with any asset or company of the same value. These tokens are often used as monetary value and exchanged as currencies. A $ 10 bill would be of equal value to the owner and the person he is trading with, and in the same way, two $ 5 bills would be the exact value of a $ 10 bill. Likewise, the value of the fungible token is the same for the owner and for the person with whom it is traded.

Fungibility is written in the code of Bitcoin and other such cryptocurrencies. A fungible asset has a specific set of values ​​and therefore has no unique values. Unique information cannot be written on a fungible token. They have often used blockchain tokens and are interchangeable with each other. However, exchanging fungible tokens has no meaning as they have the same value. These tokens are mainly used to make payments and keep track of balances.

Fungible tokens use ERC-20, where ERC stands for “Ethereum Request for Comment”. ERC-20 is a specific set of rules and a specific standard for all smart contracts on the Ethereum platform for the implementation of a token. These blockchain-based assets contain the value that can be used for transactions and that is spent on the Ethereum network. ERC-20 defines a number of functional problems that explain the method of transferring these tokens and how to access data for specific tokens. It is similar with Ether, Bitcoin and Bitcoin Cash.

Crypto tokens that contain data instead of a value and are unique are known as non-fungible tokens (NFTs). Two NFTs cannot have the same value. These tokens do not inherit any value and are therefore different from cryptocurrencies. Non-fungible tokens get their value from the asset or company they represent. The main advantage of NFTs is that the owner can define ownership of unique entities. It even allows the owner to tag assets like real estate, collectibles, etc. Non-fungible tokens belong to a single person at all times and are secured via the blockchain’s Ethereum platform.

NFTs cannot be changed. The ownership record cannot be edited or a new NFT cannot be created by copying the old one. Non-fungible tokens are considered advanced tools to create the basis for a virtual system.

Non-fungible tokens use ERC-721 (Ethereum Request for Comment) as a standard to be followed when creating non-fungible tokens on the Ethereum platform. ERC-721 tickets all have unique properties and data values. It provides the ability to transfer tokens from one account to another in order to get the record of remaining tokens in an account, identify the owner of a particular token, and keep a record of the total number of tokens on a network. Some of the most popular NFTs are Etherscan NFT Tracker, Cryptokitties, Gods Unchained Cards, etc.

Non-fungible tokens are considered the future of the blockchain economy and are widely used as a valuable commodity. In contrast, fungible tokens are mainly used for payments and as standard currencies. However, if you are a blockchain enthusiast looking to get into the blockchain world, the first thing you need to do is understand the fundamentals of blockchain technology. The best and most common way to develop your blockchain knowledge is through a blockchain certification course.

Certified Blockchain Professional is a certification course that focuses on blockchain fundamentals, blockchain technology applications, project implementation, and blockchain development. It helps individuals acquire skills to build blockchain-based applications, smart contracts, and solve real-world problems. Certification includes tests and assessment tests, in-depth instructional videos, and laboratory projects to develop practical

What is meant by sharding in blockchain?

Blockchain sharding refers to breaking up data into smaller blocks and distributing them to separate database nodes. Sharding offers scalability and reduces latency. There are two common types of sharding: vertical sharding and horizontal partitioning.

Read More: What Is Sharding In Blockchain? What are their advantages and disadvantages?

What is the connection between IoT and blockchain?

Blockchain is a distributed ledger that enables IoT machine-to-machine transaction and provides security while transactions are being processed. A number of transactions are recorded in a database and verified by various sources.

Read more: How Blockchain Makes the Internet of Things Safer

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Network congestion and high transaction costs on the Ethereum (ETH) network have been a persistent issue for investors and developers for the past year and this has shone a spotlight on blockchain projects that offer a solution to these issues. 

One class of tokens that has received a boost in both trading volume and price over the past two months are gas tokens that help power transactions on their respective blockchain networks.

Data from Cointelegraph Markets and TradingView shows that Gas (GAS), Ontology Gas (ONG) and VeThor Token (VTHO) have all seen their prices increase more than 300% since the beginning of February thanks to increased attention on dual-token models. 

VeThor Token is one of the two tokens that were launched on the VeChain Thor public blockchain following the project’s rebrand in 2018. VeChain (VET) is the native token of the platform and performs as the primary value-transfer token while VTHO is a VIP-180 standard token, meaning it represents the cost of transacting on the VeChain Thor blockchain.

Since hitting a low of $0.00125 on Feb. 1, the price of VTHO rocketed 615% to a high of $0.00897 on Feb. 13 thanks to a record $325 million in trading volume. After a correction that saw the price drop to $0.0037, VTHO is now climbing again and trades above $0.008.

VTHO is inseparable from the overall functionality of VeChain Thor as it also represents the smart contract layer of the network, handing all transactions and smart contract executions.

As part of the dual-token model, VTHO is automatically distributed to VET holders at rates ranging from 1.4% to 1.9% depending on the wallet provider. This is similar to the staking reward model and provides additional incentives to those that hold VET.

Neo (NEO) was one of the first projects to popularize the dual-token model with transactions on the network being paid with Gas (GAS).

Similar to the VeChain Thor token model, users who hold Neo in a wallet they control automatically earn staking rewards at a rate of 1.61%, which is paid in the form of GAS.

Excitement for GAS began to pick up in early February as information about the launch of Neo3 began to pick up alongside the development of cross-chain bridges to Ethereum and the Binance Smart Chain.

GAS traded at a low of $1.79 on Feb. 1 before a record $1.5 billion in trading volume saw it’s price spike to a high of $15.80 on Feb. 21, just as transaction fees on the Ethereum network were surging to their highest level in 6 months.

While gas fees on Ethereum have decreased by more than half since Feb. 23, the high price of Ether continues to make transacting on the network unmanageable for the average user while transactions on the Neo blockchain cost an average of 0.001 GAS.

As the Neo ecosystem expands with the growth of DeFi platforms like Flamingo Finance and the Switcheo decentralized exchange, GAS has the potential to see further upside by offering a more fixed, low-cost alternative for blockchain transactions.

Ontology Gas is the transaction token of the Ontology (ONT) blockchain which specializes in digital identity and data management.

Users who hold ONT in qualified wallets can earn an average of 8.56% interest that is paid in the form of ONG which can be traded or used to pay transaction costs.

Central features of the Ontology network include ONT ID, the digital ID application that is utilized throughout the ecosystem and the decentralized data exchange DDFX, which enables data tokenization, data tracing and cross-system data processing.

Ontology was designed to support cross-chain integration and Layer 2 scalability, with projects like the Wing.finance DeFi platform which offers support for Neo and Ethereum based tokens, as well as the ONTO wallet which recently achieved support for 12 separate blockchains including Polkadot (DOT) and the Binance Smart Chain

As activity on the Ontology network began to increase and its ecosystem expanded, ONG experienced a 480% price rally from $0.196 on Feb. 1 to a high of $1.137 on Feb. 21 with the token reaching a record $1.42 billion in 24-hour trading volume.

All transactions on the network rely on ONG for completion and as Ontology’s ecosystem continues to grow, ONG is likely to see a healthy surge in demand which could lead to further price appreciation.

Ethereum price Today – Wrapped SCRT: An ERC-20 Token of the Secret Network – Bitcoin & Crypto Guide

Wrapped Secret (wSCRT) is a synthetic ERC-20 version of SCRT (the native coin for Secret Network). The token is now live on Ethereum’s mainnet and on the Uniswap liquidity pool. Using Secret Ethereum Bridge, users can create wSCRT for secretSCRT, and it is pegged to 1:1 with the secretSCRT token. Since wSCRT is an ERC-20 token, you can see the transaction details on etherscan like any other Ethereum-based token.

wSCRT Contract address: 0x2b89bf8ba858cd2fcee1fada378d5cd6936968be

The Secret Ethereum Bridge was launched on mainnet in December 2020. The basic functionality of this bridge is to allow ETH and ERC-20s token holders to convert into Secret Tokens, a privacy-preserving token that follows the SNIP-20 standard on the Secret Network.

In this article, we will explain how you can convert your sSCRT token into a wSCRT token and how you can provide liquidity into the Uniswap pool with the wSCRT-ETH pair.

Working Guide

Go to the Secret Ethereum Bridge.

Connect your MetaMask (Ethereum Network) and Keplr wallet (Secret Network).

Both the wallets are connected. You can see the token balance.

Important: You need to have a minimum of 100 secretSCRT tokens in your Keplr wallet to use this activity.

Kindly note that the platform currently allows you to create wSCRT from secretSCRT. That means you need to hold a secretSCRT token in your Keplr wallet. If you are not aware of how to get the secretSCRT token, then read our previous article.

Now go to the Secret -> ETH tab. Select SNIP20 and, from the dropdown, select the secretSCRT token.

Enter the amount of secretSCRT that you want to convert to wSCRT and the destination Ethereum address.

Unfortunately, the process charges a very high swap fee (highlighted above).

But, anyway, we have confirmed the transaction, and the token is appearing in the dashboard.

wSCRT Token in MetaMask

If you are not able to see the token in your MetaMask wallet, then you have to add the token by giving the contract address of the token in the Custom Token tab.

See the below screenshot and add the token address. You can now see the wSCRT token in your wallet.

How You Can Use the wSCRT Token in Ethereum Network

Users can use the wSCRT token to provide liquidity in the Uniswap pool with the wSCRT-ETH pair.

Pool It

You have wSCRT tokens in your wallet. You can use these wSCRT tokens and add an equal amount of Ethereum into the wSCRT-ETH Liquidity Pool on Uniswap.

Users are required to add liquidity into an Uniswap pool with the wSCRT-ETH pair.

To add liquidity, go to the Uniswap pool.

Enter the amount of wSCRT token you wish to add to the liquidity pool, and an equivalent amount of ETH will automatically get entered.

Since you are using this liquidity pair for the first time, users need to approve the pair first before adding liquidity.

Once approved, you can now supply the liquidity by clicking on the Supply button.

A MetaMask transaction is triggered. Confirm the transaction.

You can see your wSCRT-ETH liquidity details now.

The liquidity pool gets 0.3% of every wSCRT/ETH transaction on Uniswap. These fees are divided among the liquidity providers.

If you want to get your tokens back, then you need to follow the entire process in reverse. That means first removing the liquidity from Uniswap and getting wSCRT and ETH tokens in your MetaMask wallet.

Then go to the Secret Ethereum Bridge and now select the network ETH-> Secret from the top. Select the token and enter your Keplr wallet in the destination address field.

Confirm the process, and you will get your secretSCRT token in your wallet.

Resources: Wrapped SCRT is Now Live on Ethereum

Read More: How To Use the Guarda Wallet – Part II

Ethereum price Today – Wrapped SCRT: An ERC-20 Token of the Secret Network – Bitcoin & Crypto Guide

Want to jump straight to the answer? You can buy BNT on Coinbase and Changelly.

Bancor Network is a decentralized exchange on Ethereum’s blockchain. Its token — Bancor — was among the first tokens to be released in the DeFi industry. DeFi is short for decentralized finance –– DeFi replaces traditional banking operations with code on the blockchain. 

This code, called smart contracts, can hold cryptocurrencies on Ethereum’s blockchain. The terms of the smart contract are set in code, allowing a secure and trustless transaction without a 3rd party.

Bancor offers a new and innovative way to exchange cryptocurrencies without the need for a centralized cryptocurrency trading platform. Using a Dex (decentralized exchange) can be more secure, liquid and less expensive than a traditional cryptocurrency exchange. 

Bancor Network is a series of smart contracts on Ethereum’s blockchain. These smart contracts are what allow you to exchange your crypto without using a centralized exchange. 

Bancor Network’s smart contracts are used to provide liquidity for investors that want to exchange their tokens. Anyone can put ERC-20 tokens into a liquidity pool on Bancor and earn interest on their deposit. This interest is generated by transaction fees on Bancor’s exchange.

Traditional crypto exchanges use order books to match buy and sell orders between users. This works well for large market cap coins that are highly liquid, but this kind of market making creates it hard to exchange less liquid cryptocurrencies. 

With Bancor liquidity pools, there is always a constant liquidity for all supported ERC-20 tokens. Since Bancor is a smart contract protocol on Ethereum, you can only exchange Ethereum-based tokens on the network. To trade bitcoin on Bancor, you need to purchase Wrapped Bitcoin (WBTC) which is just bitcoin on Ethereum’s blockchain. 

Bancor has an in-depth explanation of how liquidity pools work on its website.

Bancor released its initial coin offering (ICO) in December 2017. As one of the most promising ICOs of the year, Bancor raised $153 million in capital in the first 3 hours of its ICO. Bancor was founded by Eyal Hertzog, Guy Benartzi, Yudi Levi and Galia Bernatzi.

Bancor Network got its name from the idea of a supranational currency proposed by John Meynard Keynes in 1944. Keynes proposed the idea of a supranational currency to be used as a measure for international inflows and outflows of assets.

Bancor Network Token (BNT) is an ERC-20 token built on Ethereum’s blockchain. BNT has 2 main functions: to provide liquidity and govern the protocol. Currently, BNT is trading for $3.52 with a total market cap of $446 million.

Because Bancor is decentralized, no single entity owns the protocol. Instead, Bancor is used as a governance token to vote on upgrade proposals on Bancor’s network. Users who own BNT have voting rights proportional to the amount of BNT they own. 

Bancor Network Token is paired with other ERC-20 tokens in liquidity pools. BNT acts as an intermediary currency, similar to Keynes’ idea of a supranational currency. If you want to exchange Ethereum for Wrapped Bitcoin, for example, the smart contract would sell your Ethereum tokens for BNT, then buy Wrapped Bitcoin with the newly purchased BNT.

You don’t have to use Bancor’s exchange to buy BNT. Some centralized exchanges like Coinbase, Binance and Bittrex support Bancor. Centralized exchanges are easier to use, especially if you already have a crypto brokerage account. Most investors that don’t want to use Bancor’s decentralized exchange choose Coinbase to buy BNT. 

When you make an account with a cryptocurrency brokerage you need to give them your personal information. Typically, exchanges will want a record of your address, Social Security number, phone number and email address. If you choose to use a decentralized exchange like Bancor or Uniswap, all you need to do is connect an Ethereum wallet. 

Coinbase is one of the Internet’s largest cryptocurrency trading platforms. From Bitcoin to Litecoin or Basic Attention Token to Chainlink, Coinbase makes it exceptionally simple to buy and sell major cryptocurrency pairs. 

You can even earn cryptocurrency rewards through Coinbase’s unique Coinbase Earn feature. More advanced traders will love the Coinbase Pro platform, which offers more order types and enhanced functionality.

Though Coinbase doesn’t offer the most affordable pricing or the lowest fees, its simple platform is easy enough for complete beginners to master in as little as a single trade.

No matter which exchange you choose to buy Bancor on, it’s a good idea to store them in a cryptocurrency wallet. You could keep your tokens on the exchange you purchase BNT on, but this is less secure than storing your investment in a cryptocurrency wallet. Software wallets like Coinbase Wallet and Metamask are good choices for many investors, but hardware wallets offer the highest security.

If you’re investing a significant amount of money into cryptocurrency, you should purchase a hardware wallet. Hardware wallets are physical devices that store your cryptocurrency offline, so there’s no way for hackers to access your funds. 

The Ledger Nano S is a small USB-shaped device that stores bitcoin and several other cryptocurrencies. Holding your cryptocurrency on this and holding it in a safe is just as safe as holding precious metals or cash in a safe, as your cryptocurrency will be inaccessible to hackers.

Ledger offers a variety of hardware and software products, but the Ledger Nano S is the best wallet for the price. If you want the best Ledger wallet on the market, look to the Ledger Nano X. No matter what Ledger wallet you use, they all offer industry leading security features. All Ledger products can be used with Ledger’s app which you can use to easily track your crypto holdings. 

Coinbase Wallet is a software wallet app made by Coinbase. Coinbase Wallet is a great choice for investors who use Coinbase’s exchange, as they have similar user interfaces. 

Using Coinbase wallet is more secure than storing your funds on an exchange, and the wallet allows you to interact with decentralized applications (dApps) to earn interest on your crypto holdings. 

Once you choose a software or hardware wallet to store your crypto on, you need to purchase your Bancor Tokens. You can either use a centralized exchange like Coinbase or Binance, or you could use a decentralized exchange like Bancor or Uniswap. 

The benefit of centralized exchanges is their ease of use. All you need to do is make an account with the brokerage and then place a buy order. To use a decentralized exchange, you need an ethereum wallet extension on your google browser. The most popular wallet extension is MetaMask. 

Just like purchasing a stock on the stock exchange, you can place your order as either a limit order or a market order. When you place a limit order for BNT, you set the price you want to buy BNT at, and if a sell order is placed at that price then your order will be filled. Alternatively, you could buy BNT with a market buy order, which buys BNT at its market price

Your Bancor tokens will be credited to your account shortly after your buy order is filled. Once you see your funds in your account, you can send your BNT to any Ethereum wallet using your wallet’s address.

If you’re planning on actively trading your BNT, you may just want to keep it on the exchange you purchased it on. Every time you transact on Ethereum you have to pay a transaction fee called ‘gas’. With more people transacting on Ethereum’s network, gas prices are commonly over $10 per transaction. 

If you’re investing in BNT for the long term or with significant amounts of money, you should use a hardware wallet to keep your funds safe. There have been several cryptocurrency hacks throughout history, and your funds are at risk if they’re kept on an exchange. 

You’ll want to familiarize yourself with the cryptocurrency markets before purchasing BNT. Cryptocurrency markets are generally much more volatile than the stock market, and most cryptocurrencies move up and down together. Even just watching Bitcoin will give you a general idea of how the cryptocurrency market is doing. 

Here are some of the top cryptocurrencies to give you an idea of how the markets are moving:

Many other decentralized exchanges have entered into the market since Bancor Network’s release in 2017. Uniswap is the largest decentralized exchange by market volume, doing more transactions on some days than Bitcoin. More people use Uniswap than Bancor because of Uniswap’s competitive fee structure. 

Other competitors like 1inch have taken some market share from Bancor. 1inch is a DeFi protocol that aggregates liquidity from different decentralized exchanges to find you the best rate to exchange your tokens at.

Bancor Network’s niche is small market cap and less liquid tokens. These coins are often inefficient to trade on exchanges, as buy and sell orders affect the price of the coins too drastically, and many exchanges don’t support these smaller coins. With Bancor, users can make their own liquidity pools, so any Ethereum-based token can be supported on the platform. And you don’t have to worry about exchanges de-listing your coin, like U.S. based exchanges have done with Ripple (XRP) following the SEC filings.

The United States Securities and Exchange Commission (SEC) continues to drag the $1.3 billion lawsuit against blockchain payments company Ripple. The securities regulator has now requested the court to limit Ripple’s access to the SEC’s internal documents, accusing that these efforts were to divert attention from the case’s primary focus.

The Ripple vs SEC lawsuit has been on the news since December last year. Per recent reports, the SEC has accused Ripple of “harassment” right after the blockchain company’s legal team was granted access to the regulator’s internal documents.

The documents in question contain the SEC’s views regarding three cryptocurrencies, namely, Bitcoin, Ethereum, and Ripple. In the documents the SEC describe all three of the tokens as “digital currencies.” However, the regulator now wants to limit access to these documents claiming they are “irrelevant” to the case.

Ripple was granted access to the SEC’s internal documents on April 7. An order issued by the court urged the SEC to search thousands of external emails of 19 custodians for documents related to XRP, Bitcoin, and Ethereum.

While the SEC complied with the order, it denied Ripple access to some records. The regulator then sent a letter to judge Sarah Netburn on April 21, requesting the court to limit Ripple’s access to the internal records.  The SEC is seeking to prevent the defendants from “obtaining internal SEC staff communications the court already excluded from production.” The letter continued:

“It has become evident through the meet-and-confer process that Defendants are seeking to ignore the limitations of this Court’s Order and to mire the SEC in indefinite discovery disputes and, if successful, document review.”

The report comes days after Ripple filed a motion to prevent the SEC from getting information on the company’s non-US dealings from foreign regulators. Lawyers representing Ripple CEO Brad Garlinghouse and Ripple executive chairman Chris Larsen to U.S. Magistrate Judge Sarah Netburn on April 16, 2021.

The letter stated that the SEC is trying to leverage its Memorandum of Understanding (MOU) with foreign regulators to have them request documents from entities under the foreign regulators’ jurisdiction. This, the letter claims, is outside the Federal Rules and the Hague Convention.

Blockchain technology and cryptocurrency have evolved a lot over the past few years, and it is now gaining enough momentum to go mainstream in the near future. For cryptocurrency and blockchain to have real-world applications, scalability is a pain point that needs to be solved. A lot of current blockchains are unfit to handle a large number of transactions and lack speed, latency, privacy, and security.

With ParallelChain ® , we finally have a blockchain that has seemingly solved these glaring inefficiencies. Developed by Digital Transaction, ParallelChain ® delivers near limitless scalability with speeds in excess of 100,000 transactions per second and an average latency of 0.003 seconds, both of which are the fastest among current blockchain networks. And with the private sales of its XPLL token heating up, this could be a project worth your consideration.

What is ParallelChain®?

ParallelChain ® is the world’s first public-personal- enterprise blockchain unites the fragmented market with a parallelism approach. The heterogeneous nature of a fragmented blockchain marketplace (public, private, consortium, and hybrid) has always struggled to achieve interoperability, and also made the network vulnerable and difficult to keep up with.

ParallelChain ® is the only network that can be configured into all four modes of blockchain. This makes it versatile in terms of its use cases, which can be applied to a number of sectors; be it FinTech, smart transportation, airports, container ports, hospitals, factories, or the central bank digital currency (CBDC).

Coupled with its industry-leading throughput and real-time latency, ParallelChain ® is one of very few existing blockchains that adheres to the European Union’s GDPR (General Data Protection Regulation) and other international data protection laws, meaning data persisted on ParallelChain® can be permanently removed upon request.

Proof-of-Immutability (PoIM)

ParallelChain ® keeps the interchain communication private while allowing for seamless migration from Ethereum and Hyperledger. It deploys a Proof-of-Immutability (PoIM) algorithm, the first of its kind, for the validation process wherein any node is free to write its own data which are then identified via the hash value that is stored by that particular node’s hash vault. 

This data remains untouched until it becomes relevant to a transaction that involves other nodes and then needs to be verified to prove that it is not tampered with. This method allows for higher efficiency and guaranteed data privacy when comparing to other scalability solutions found in existing blockchains.

Putting an end to the most common business pain points

ParallelChain ® ’s ecosystem is not only decentralized, but also comes with five custom-made applications that tend to solve what a lot of its predecessors couldn’t. They address each of these issues with their unique architectures and attributes.

Run-of-the-mill facial recognitions often cannot distinguish between three-dimensional faces and two-dimensional prints. PreventiveChain incorporates an anti-spoofing technology to distinguish prints from real human beings. This video gives a clear demonstration of how a company employee might use PreventiveChain. 

All the data collected from the verification process is stored immutably on the ParallelChain ® and every access to this data is tracked and recorded, thus ensuring the prevention of data leaks.

The XPLL Token

XPLL is the utility token (ERC-20) issued by Digital Transaction. The total token supply is capped at 1,000,000,000 for the first 3 years after the Private Sale, which is currently ongoing until the end of May. Interested participants can now purchase the XPLL token through a SAFT (Simple Agreement for Future Tokens) on Digital Transaction’s website before it gets listed on crypto exchanges later this year

The XPLL token uses the Proof-of-Immutability mechanism to provide validators with incentives for protecting the community’s interests and safeguarding the network. With this reward system in place, decentralization of the network is ensured. XPLL holders can even use their XPLLs to redeem for software licenses of ParallelChain®-based products.  

The tokens can be stored in any ERC-20 compatible wallet along with other crypto-assets or the users also have the option to store them in their ParallelWallet. More information about the token can be found on the XPLL Whitepaper.

ParallelWallet

The ParallelWallet is a cryptocurrency wallet powered by ParallelChain ®, and since it is based on a blockchain, there is an added level of security due to the unhackable nature of blockchains in general. All activities, transactions, and assets in the ParallelWallet are automatically stored and backed up onto their personal ParallelChain®,  which is designed to obstruct access from the public.

The user, therefore, is the only one who can access their wallets. This level of security protects them from the increasing number of thefts and hacks in the crypto space. In addition, ParallelChain®’s built-in privacy means anytime a wallet owner would like to cash out their cryptos, they have the option to exercise their privacy rights. 

About Digital Transaction

Digital Transaction, founded in 2018 and headquartered in Hong Kong, boasts a team that is well-versed in their knowledge and areas of expertise headed by Ian Huang, their CEO and Founder. The company aims to provide an all-in-one solution to the pain points of the current blockchain and crypto spaces with its ParallelChain ® ecosystem.

With a parallel approach to counter the problems faced by the current cross-chain approach, Digital Transaction is bringing a tailor-made experience befitting any user or business in any industry. Blockchain technology and cryptocurrencies are on the verge of mainstream adoption and with ParallelChain ® , Digital Transaction is well on its way to emerge as a leader in this burgeoning industry.

For more information check out their website or Twitter.

Disclaimer: This is a paid post and should not be treated as news/advice

Bitcoin Cash, VeChain, Chainlink, Filecoin Price Analysis: 21 April

BTC-Alpha has burnt their tokens for the first time

Anjali is currently pursuing her Masters, specializing in Mass communication, and journalism. As a crypto-journalist, her interests lie in blockchain technology adoption across emerging economies.