Author: misamaliraza94
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Why are stablecoins useful?
Bitcoin is volatile. It has been known to change by as much as 80% in a single day, the same with other cryptocurrencies. Let’s use an example to understand the problem this would create if the everyday purchases you normally make in Euros were also priced in bitcoin. If you switched to buying your €3…
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What is a Stablecoin?
Stablecoins are a type of cryptocurrency that try to solve the volatility problem inherent to Bitcoin and other cryptocurrencies. The clue is in their name: stability is an essential characteristic of any currency that we would want to use on a daily basis. They do this by tracking the value of a given fiat currency…
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Introduction
One of the main arguments raised by cryptocurrencies skeptics is that they are way too volatile to fulfil what we have learned is a key function of money. Acting as a medium of exchange to buy and sell things, and a unit of account – a benchmark for pricing. That’s exactly where Stablecoins come in. Stablecoins combine the best…
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What you`ll learn
What you’ll learn What is a Stablecoin? Why are Stablecoins useful? How do Stablecoins work? What types of Stablecoin are there? An intro to CBDCs: Central Bank Digital Currencies
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ETH 2.0 – Proof of Stake
In its current form, Ethereum cannot compete with Fiat systems such as VISA. Here we come to the advent of ETH 2.0 or Ethereum 2.0. Eth2 refers to a series of upgrades to the Ethereum platform that are currently being worked on. The three main objectives of these upgrades are increased scalability, security and sustainability.…
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Ethereum`s Limitations
The most significant limitation of Ethereum – like with Bitcoin – is its scalability, which, as with Bitcoin, is hard to achieve without sacrificing decentralisation or security, Fiat currency achieves security and scalability but sacrifices decentralisation to do so. In contrast, Bitcoin achieves decentralisation and security but sacrifices scalability to do so. At the moment…
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Ethereum Ecosystem and Innovations
Since 2013, many decentralised applications have been built on Ethereum. The surrounding Ethereum ecosystem has grown to a market cap of over $140 billion. Famous decentralised applications include digital art marketplace Foundation and browsers such as Brave that let you earn cryptocurrency from browsing the internet. More recently, Ethereum has powered the explosion of the…
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Ethereum`s Unique Characteristics and Ecosystem
So how does Ethereum achieve these objectives? Ethereum was designed as a blockchain with a built-in ‘Turing complete’ programming language – called Solidity – that can be used to create smart contracts. All that ‘Turing complete’ means is that Solidity is a programming language capable of programming for any hypothetical computation. Thus, in theory, any…
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What is Ethereum
Ethereum is a blockchain-based system where anyone can build and securely deploy any digital service without going through a formal, centralised approval process – such as getting an App added to Apple’s App Store. It is the brainchild of Vitalik Buterin, a Russian born computer programmer, who was an early Bitcoin advocate, but thought it…
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What you`ll learn:
What you’ll learn: The origins of Ethereum Ethereum’s unique characteristics & ecosystem Ethereum’s limitations The proposed transition to Proof of Stake