Search This Blog

Showing posts with label Crypto. Show all posts
Showing posts with label Crypto. Show all posts

Feb 23, 2021

BitTorrent Token - BTT

About the project:

BitTorrent Token (BTT) was launched in early 2019 by the BitTorrent Company whose owner is Justin Sun. BTT was aimed to be a Decentralized file sharing protocol via a vast peer to peer (P2P) network on the internet.

BTT was launched on the Tron Blockchain. Tron is also owned by Justin Sun. (Know more about Tron - TRX coin here)

Anyone who uses the file sharing protocol enabled by Bittorrent company can get BTT as reward or fee for participating in the network.

BitTorrent Token Logo Image

BitTorrent Token Logo

The following are some use cases of BTT:

  • We can spend BTT for getting higher download speeds in the uTorrent or BitTorrent clients. These are open source software applications which are used for free content sharing over the internet using P2P.
  • We can receive BTT for providing a piece of file which is required by another user somewhere on the internet. This is usually called as seeding in Bittorrent clients.
  • DLive and BitTorrent File System are also a part of the BTT Protocol and can be used to spend or receive BTT Tokens.

(I will explain more details in next week's post "How to earn the BTT Freely". Bookmark this site if interested)

Ticker Symbol for BitTorrent Token is "BTT"

Here is a Live Chart of Trading rates for Buying and Selling BTT in Crypto Markets:


Go to Next Post - Coming Soon...


Go to Previous Post - Bitcoin Cash & Bitcoin Gold

Feb 9, 2021

What is Bitcoin Mining ? How Does BTC Mining Work ?

Bitcoin Mining is the process through which the Bitcoin transactions will be validated or verified. This could be done by anyone who has processing power for computation (like a computer or dedicated hardware for mining).

Each transaction will have some transaction fee depending upon the transacted amount. Many transactions are put into a block and it is validated by miners. Whoever validates the block first, that miner will get the total fee of all transactions as a reward for mining the block successfully.

Then, that block is added to the Blockchain ledger. This process will continue and blocks will be mined and added to Blockchain.

Picture of Bitcoin Mining Rigs
Mining Rigs

In order to mine a block, a miner has to solve the cryptographic puzzle (finding a hash below the target) and that miner has to be the first one to solve the puzzle. This is known as Proof of Work (PoW).

So, one must possess enormous capacity of computational processing power and must be extremely lucky for successfully mining a BTC Block !

As we know the bitcoins hold a high market value in Cryptocurrency domain, the competition among miners to mine the block is extremely high.

Some facts about mining :

  • Dedicated hardware with heavy computation power has been introduced just for the sake of bitcoin mining. These are called as Mining Rigs
  • Mining concept is fundamentally based on Cryptography.
  • Bitcoin Mining requires extensive computational power and electricity. Majority of the bitcoins are being mined in China.
  • As of now,  for every 10 minutes, a new block is being mined and added to the bitcoin ledger blockchain.

Go to Next Post - What are Cypto Wallets ?

Go to Previous Post - What is Bitcoin ?

Feb 7, 2021

Who is Satoshi Nakamoto ? The Man Behind Bitcoin !

Nobody knows the real identity of Satoshi Nakamoto !

It was the username/alias of the leading member(or members) of online community which developed the first crypto currencyBITCOIN. Satoshi Nakamoto is the founder of Bitcoin. 

Some facts of Satoshi Nakamoto:

  • The fundamental constituent of bitcoin in terms of currency value is Satoshi.

For Dollars $ -- cents
 For Bitcoins -- Satoshi

  • It is unclear whether satoshi nakamoto is a single person or a group of persons.

  • Satoshi Nakamoto is author of the first paper on Bitcoin.

  • Satoshi Nakamoto developed the first Blockchain database.

Go to next post - What is a Bitcoin ?


Go to Previous Post - What is BlockChain Technology ?

Jan 9, 2021

What is a BlockChain ? Block Chain Technology Explained !

Block + Chain  = A Chain of Blocks 

Blockchain is a continuous chain of blocks which are linked together sequentially. For understanding purpose consider the trains. All the bogies are blocks and the train itself is the blockchain. Just like the bogies of train are connected to one another, all the blocks are linked with a Hash. Biggest use-case of a blockchain is with Cryptocurrency / Bitcoin.

In every block, there will be some fields which hold respective data corresponding to the field. 

Fields in a Block:

  1. Index
  2. Time Stamp
  3. Previous Hash
  4. Hash
  5. Data

If a new block is to be added to the chain, then it must hold the hash value of the last added block in the chain. Then this new block's hash value is copied to the next new block that will be added to the chain after some time.

A new block is added to the existing chain only if a miner validates that block using a process called Mining. Anyone on the internet can do mining and earn bitcoins (BTC). (Know more about the Mining process in this article)

In Computer Science field, this is familiar and follows the same principle of a Linked List Data Structure. 

A Blockchain is decentralized, which means there won’t be any governing authority which can hold ultimate rights over the data. Everybody on the Internet can look up the data in the Blockchain whenever they want. 

Blockchain acts as a distributed ledger for Bitcoin transactions. 

The concept was first introduced by Satoshi Nakamoto. Know more details about this mysterious man in next post.


Go to next post - Who is Satoshi Nakamoto ?


You might also be interested in Other Technologies Bechind Bitcoin / Cryptocurrency 


Go to previous post - What is Cryptocurrency ?

What is CryptoCurrency ? Everything you need to know about Crypto, Blockchain and Trading.

 What is Cryptocurrency?

Cryptocurrency is a virtual form of money which cannot exist physically. All the transactions can happen only on the internet. Users will have a wallet in which the crypto coins are stored securely and users can transfer or receive coins through peer to peer mechanism (without any mediator in between). All they transactions are registered on a digital ledger called Blockchain.

Generally, the money related transactions are made through banks acting as mediators between sender and receiver. There is no such system in Cryptocurrency transactions. They follow a Peer to Peer mechanism of protocol. 

Cryptocurrency is Decentralized system, which means all the users have complete rights over their data. 

The most popular and first cryptocurrency that came into existence is Bitcoin (Know more about Bitcoin here)

But what exactly is the use of cryptocurrency?

The most popular reason is that the transactions are anonymous. We can’t know the personal details of sender or receiver of bitcoins. Only things which are visible to everyone on the block chain are: Public keys, transaction amount and transaction ID.

How do the Cryptocurrencies come into existence ?

All the coins (including Bitcoins / btc or other ALT Coins) are created by Mining. (Check this article for more about Mining)

Sounds confusing? Don’t worry it will be explained in later articles. Just keep gaining the knowledge. Jump to next post.


Go to next post – What is a BlockChain?


Dec 24, 2020

DOGE Coin

About the Project:

DogeCoin was founded in the year 2013 by some software engineers. Doge coin is based on the famous internet meme of Doge. The Doge meme consists of a dog which is of type Shiba Inu.

Creators of this Dogecoin digital currency are as follows

  • Billy Markus from USA
  • Jackson Palmer from  Australia

Doge Coin Logo Image
DogeCoin Logo

Ticker Symbol for DogeCoin in exchange platforms is "DOGE"

Some Facts of DOGE:

  • It was intended to a fun act of creating a Cryptocurrency out a popular meme.
  • After Doge went live online, millions of users visited and researched about it within a short period of time.
  • Doge was considered to be as Internet Currency.
  • In December-2013 Doge coins were stolen from a wallet provider and millions of coins were lost from numerous users. This caused a negative impact and people of internet & community of Dogecoin banded together and started donating money to make up for the stolen doge coins. 
  • Doge coin was forked from LITECOIN - LTC

Since it has been forked from LTC, the Proof of Work(PoW) Algorithm will be "Scrypt" (same as that of LTC). Each new block will take around 1 minute for getting validated on the network of doge transactions.

The total market supply of Dogecoins is unlimited. There exists no limit or capped amount at which new doges are not produced anymore. Doge can be used for rewarding the users who share the content you like on Reddit or Twitter Platforms.

Elon Musk Tweeted (Yes, you read it correct, its really Elon Musk) about Dogecoin which created a huge hype its market and made the price of doge to spike up to its all time high value. Users of social media platforms like, Twitter, Reddit and TikTok started trending about DogeCoin in order to make it value to raise above the 1$ (USD) mark.

Here is a Live Chart of Trading rates for Buying and Selling DOGE:


Go to Next Post - Bitcoin Cash & Bitcoin Gold


Go to Previous Post - Movie Bloc - MBL

Nov 21, 2020

LiteCoin - LTC

LiteCoin is aimed to be a true alternative to the BitCoin. Litecoin was initially released via Github in 2011, which makes it one of the oldest ALT Coins available in Crypto Markets.

Litecoin and Bitcoin are almost similar and they both have very slight differences:

  1. Proof of Work(PoW) Algorithm is different for these. In BTC, SHA 256 Algorithm is used, whereas in Litecoin, a memory-hard function named  "Scrypt" is used as validation for Proof of Work.
  2. Litecoin transactions are processed much faster than Bitcoin. It takes around 2 minutes & 30 seconds for generating a new block for Litecoin. In the case of BTC, the average time required to add a new block into the Blockchain is around 10 Minutes.

Litecoin Logo Image
LiteCoin Logo

Ticker Symbol for Lite Coin is LTC in Crypto Trading Markets.

LTC enjoyed its all time peak price during the period December-2017 to January-2018. Looking at the current trend, in the coming months it might reach a new all time high (not an advice, just an estimated forecast).

Here is a Live Chart of Trading rates for Buying and Selling LTC:


Go to Next Post - ATOM - Cosmos


Go to Previous Post - Tron - TRX

Nov 14, 2020

Tron - TRX

Tron is a Cryptocurrency whose main goal is to provide a decentralized Operating System that is Open Source and runs on top of a Blockchain.

Tron was founded by Justin Sun. He also acquired the Bittorrent company.

Tron Logo Image

Tron Logo

Ticker Symbol for Tron is "TRX " in Crypto Market Trading Platforms.

  • Tron is the most popular blockchain for building Dapps (Decentralized Apps)
  • Upon Tron's blockchain, there are many other ALT Coins and Tokens running on top of it. Bittorrent Token is a famous example of it.

  • TRX witnessed its all time high Price in January - 2018

  • Tron focuses primarily on the domain of Content Sharing & Entertainment.

Decentralized Streaming Services like DLive and other Dapp Stores / Music sites make use of Tron's Blockchain.

Here is a Live Chart of Trading rates for Buying and Selling TRX:


Go to Next Post - LiteCoin - LTC


Go to Previous Post - Tether - USDT


Oct 24, 2020

Tether - USDT

Tether is extensively used in Crypto markets as an alternative for US Dollar. All the Trading Platforms would facilitate the exchange market with Tether Pairing along with Bitcoin Pairings.

Tether is originally designed to be always equal to 1$ (USD). Therefore, Tether is obviously a Stable Coin.

Ticker Symbol in Market for Tether is "USDT" (stands for US Dollar Tether).

Tether Logo Image

It successfully managed its price balanced on par with 1USD always (with insignificant and negligible fluctuations in price).

Tether was developed by Tether Limited Company and it had faced many legal issues by US Government due to various reasons.

You can see the Live Chart for Tether maintaining a constant value fixed to the price of USD:


Go to Next Post - Tron - TRX


Go to Previous Post - Ripple - XRP

Oct 2, 2020

Ripple - XRP





XRP Symbol image

Ripple is another old and well known prevailing ALT Coin. It is intended for designing a settlement system with the help of a Blockchain.

Ripple uses Distributed and Open source networks just like all other Cryptocurrencies. However Ripple is different from the norm in its protocol. Ripple is a Payment Protocol.

Ticker Symbol in Trading Market for Ripple is XRP

Ripple logo image


Though Ripple entered into the market in 2013, its price had been maintained at rock bottom for more than 4 years until it saw an all time peak of 1XRP=3$+ in January - 2018


This is the Live Chart for Trading Pair of XRP and USD in Crypto Market:



Go to Next Post - Tether - USDT


Go to Previous Post - DASH Coin - Digital Cash

Sep 27, 2020

DASH - Digital Cash

Dash is one of the oldest Cryptocurrencies that came into existence after the Bitcoin. DASH coin has some history associated with it.

In 2014, a man named Evan Duffield introduced a new coin with name "XCoin". This Xcoin is forked from BTC and follows the Bitcoin Protocol.

Later, it was named as "DarkCoin" because of the fact that it had been used extensively in the dark net's anonymous market transactions.

Finally in 2015, It was again renamed to "DASH" and settled as an ALT Coin in the Crypto Trade market.

DASH Coin logo image
Dash Coin Logo


Dash Stands for  Digital Cash

Ticker Symbol for Digital Cash Coin is "DASH" itself.

Dash coin reached its all time high price in March - 2017 as of now.

Here is a Live Chart for Crypto Market Exchange rate of DASH - USD:



Go to Next Post - Ripple - XRP


Go to Previous Post - Ethereum / ETH

Sep 3, 2020

Ethereum - ETH

Ethereum is introduced practically in the year 2015 and has been used extensively by crypto traders. It is the 2nd most widely accepted and used Cryptocurrency after Bitcoin.

Unlike Bitcoin, Ethereum enables to run derivatives on top of its Blockchain.

Ethereum stands well above other ALT Coins in terms of market price.

Icon for ETH Image
Icon for ETHEREUM

In 2016, Ethereum community decided to hard fork into a new derivative due to a flaw in implementation. The original ethereum blockchain continued to grow by the name Ethereum Classic.

Ticker Symbol for Ethereum is ETH

ETH is available for buying or selling in almost all the trading platforms of crypto. Good number of coin pairs are also available for exchanging with ETH.

Here is a live chart of market price for trading Ethereum & USD: 



Go to Next Post - DASH Coin / Digital Cash


Go to Previous Post - Trading with Cryptocurrencies

Aug 30, 2020

Trading with Cryptocurrencies. Top Trading Platforms for Bitcoins & ALT Coins

Do you want to know about the methods to start earning passive income through Cryptocurrency ?

Do you want to exchange your Bitcoins into rising ALT Coins or Stable Coins ?

Or do you simply want to buy some crypto with normal FIAT currency? 

Your answer for all the above questions is same - Trading Platforms for Crypto !

There are many coin exchange platforms that have been introduced since the roar of BTC Price in recent years. We can sign up to those websites free of cost and start investing or exchanging between the numerous coin pairs in the market.

NOTE: This is not Financial Advice. This is just for the purpose providing information !!

The following are some good Crypto Trading Platforms:

 1) Binance

  • Binance is almost unanimously the most used and top rated trading platform available as of now.
  • Binance has its own coin offering BNB
  • Huge number of binance users contribute to good circulating supply in all coins.
  • Staking is available and on some coins/tokens.

Visit Website - https://www.binance.com/en

2) MXC

  • Mxc is also widely used (not as popular as Binance though).
  • This website offers some rare and newly introduced coins for trading.
  • Provides good Graphical User Interface for Visualization of graphs and market trends. 
  • Staking available for some coins/tokens.

Visit Website - https://www.mxc.com/

3) CoinBase

  • If you are beginner and you only want to start it simple with only the popular coins, then Coinbase might suit you. 
  • Limited and only wide known coins are offered for exchanging. 
  • Simple Interface. Mobile app available.
  • Advanced traders would not use coinbase much.

Visit Website - https://www.coinbase.com/

4) WazirX (Especially for India)

  • WazirX is a great platform for Indian users because it offers trading in INR directly. Conversion charges can be avoided for Indian users. 
  • WazirX is a part of Binance and can transfer your assets between these two.
  • Staking not available.

Visit Website - https://wazirx.com/


Go to Next Post - Ethereum - ETH


Go to Previous Post - How to Earn Money with BTC & Crypto ?

Aug 17, 2020

What is BitCoin ? Everything You Need To Know About BitCoins

BITCOIN -The origin of a new era in Digital Currency / CryptoCurrency !

Bitcoins are a form of virtual currency or CryptoCurrency which possess a high market value as of now. This is a new form of exchange transactions without the necessity of physical coins or notes. Everything is virtual and decentralized.

Unlike normal FIAT currency, we don't need a mediator or governing authority (like bank) for approving the transactions. Instead, all the bitcoin transactions are validated by Miners and every transaction details are stored in a distributed ledger called BlockChain.

This concept was first proposed and implemented by the mysterious Satoshi Nakamoto. (Know more about Satoshi Nakamoto here)

Bitcoin Logo Image
Bitcoin Logo (Source : Wikipedia)

This Blockchain ledger is distributed / decentralized, in the sense : anyone on the internet can look up the ledger and its transactions at any time. This blockchain is stored in many computers (called Nodes in Bitcoin jargon) and it is fault tolerant with the help of an efficient consensus protocol.

New Bitcoins are generated through a process called Mining.

Bitcoins can be used for online transactions and Trading. In recent times, many people have been earning passive income with bitcoins and it has become quite lucrative ! 

Go to next post - What is Bitcoin Mining ?


Go to previous post - Who is Satoshi Nakamoto ?

Jun 1, 2020

How to Earn Money with Cryptocurrency & Bitcoins

Earning money with Bitcoins and ALT Coins has become quite popular in recent years and many people are making significant amount of passive income thorough this field.

The following are the ways you can earn some income using Cyrptocurrencies.


1) Trading

Trading is the most popular way to earn money using Cryptocurrency. There are many exchange platforms where you can buy or sell coins with FIAT currency or exchange directly with other crypto coins or tokens.

See this Post for detailed overview of these Trading Platforms

NOTE : This is not any financial or Trading advice, This is just for informative purpose.


2) Mining 

Through Mining, we can directly earn coins without any trading platform. If a miner validates any block successfully, then the reward of that block is paid to the miner. then that can be exchanged into normal FIAT currency or it can be loaded to any trading platform for exchanging to other coins.

Mining can be of 2 types:

Individual Mining - A sole person or any individual will mine in their house with a simple mining rig or a Graphics Processing hardware and tries to validate the blocks of respective Blockchains.

This is very inefficient because it is highly impossible to mine a block with such little computation processing power.

Mining Pools - Many Individual miners/users combine together and form a pool and try to find the value of SHA 256 Hash that falls below the target.

Mining pool services are offered by some websites. Users can sign up and start mining. The work will be distributed among all the individual miners.

If someone in the pool finds the required hash meaning that the block has been mined successfully, then the reward will be split to all users in the pool prportionately to the processing power they contributed to the pool.


3) Other Ways

  • Giveaways by newly introduced coins or token projects
  • Offers on trading Platforms as loyalty reward programs



Go to Next Post - Trading with Cryptocurrency & BTC


Go to Previous Post - SHA 256 Algorithm in BTC Mining

May 13, 2020

SHA 256 Algorithm usage in Bitcoin Mining

SHA stands for Secure Hash Algorithm. 256 represents the number of bits of size in memory occupied by a hash generated by SHA 256 Algorithm.

SHA 256 is a hash function in Cryptography field that is used in Mining of Bitcoins.

The output of hash function will be a sting of 64 characters long. All the characters are hexadecimal.

Not only in Cryptocurrency field, SHA 256 can be used in many other use cases for uniquely identifying any document or file  or any text.

The hash value will be same for same files or same text every time we use them.

5 Attributes of Secure Hash Algorithm:

One Way - Using the output Hash, we couldn't generate the original text.

Deterministic - Same hash should be generated for same original text everytime.

Fast Computation - Hash should be generated very swiftly without time delay

Avalance Effect - Even the slightest change in original input text should result in drastic change in output hash.

Must Withstand Collisions - Same hash should not be generated for two different inputs.


Go to Next Post - How to Earn Money with Cryptocurrency


Go to Previous Post - Consensus Protocol for Cryptocurrency 

Apr 29, 2020

Consensus Protocol for Blockchains in Cryptocurrency

Blockchain of every Cryptocurrency should be distributed in nature with the help of a consensus protocol. Even though it is distributed across thousands of computers all over the world, a Blockchain is immutable.

If an attacker tries to change the data of any existing block in the ledger, then that block's "hash" value (generated by SHA 256 Algorithm) will change. Then, this new hash will not match with the next block's "previous hash" field. So, now the attacker needs to change this block also and this process will continue till all the subsequent blocks are manipulated successfully. 

Even if the attacker successfully changed the data of blockchain, since there are thousands of copies of original blockchian around the internet, this fake blockchain will not be valid because of the Majority Rule.

Majority Rule - Whichever copy is found more number of times, then that copy of blockchain is considered to be original and valid.

So, the attacker can't achieve anything by simply modifying one or two copies of blockchain, atleast 51% of copies of blockchains needs to be modified simultaneously with same fake data all over the world. Then only the hackers can corrupt the blockchain. But this task can be considered as impossible in real world practicality. 

Consider these 2 Scenarios:

Scenario - 1:

If an attacker adds a block exactly after the current last block in Blockchain.

If attacker entered fake/malicious transactions in the block and mined it successfully, then this block will not be added to chain because before adding any block to the chain, a series of checks are performed for validating the block.

More than 20 checks are performed on each new block before adding and copying it to all the blockchains in the distributed network.

Scenario - 2:

What if 2 blocks are mined exactly at the same time and both are valid blocks.

In this case, both the blocks are copied to the copies of blockchains which are geographically nearer in the network. So one block is copied into its nearest blockchains and other block is added to its nearest copies of blockchains. This means 2 versions of Blockchains will exist and both of the versions are Valid and original. 

Both the  versions of chains will wait for the next new block to be mined and whichever version gets the new block then it is copied all over the distributed network. So, the longest chain will be valid and the previous block in the other version will be cancelled. Those transactions needs to be validated again in a new block and it has to be mined again.


Go to Next Post - SHA 256 Algorithm


Go to Previous Post - What is Cryptography and its usage in Cryptocurrency ?

Apr 13, 2020

What is Cryptography and its usage for Cryptocurrency ?

Cryptography is the science of keeping data secure from unwanted or untrusted entities. Main goal of cryptography is to make a public open channel into a virtual secure channel such that it satisfies the following 3 properties:

  1. Privacy
  2. Authenticity
  3. Integrity
Cryptographic mechanisms can vaguely be divided into two types: 
  1. Symmetric Key Cryptography
  2. Asymmetric Key Cryptography.

In Cryptocurrencies, Asymmetric Key Cryptography is used. So, we will try to understand that in this post.
Asymmetrical cryptography follows Public Key Mechanism meaning that - one key is publicly displayed and it is sharable to anyone. However the Private key should be kept secret. (Know more about private keys and how to store securely in this article)

Some attributes of Asymmetric Key Cryptography:
  • Public Key Cryptography
  • One key will be in public domain and the other will be Private
  • Different Keys are present on both Parties (sender and receiver)
  • No need of prior key agreement
  • Computationally a little bit heavier.

In Blockchain, all the blocks are linked cryptographically. For every block, a hash is generated using SHA 256 Algorithm. Then, that hash is stored in that block and copied to next new block as well. In this way every block will contain two hashes : one is its own hash and other one is that of previous block.


Go to Next Post - Consensus Protocol for Blockchain


Go to Previous Post - Technologies behind BTC & Cryptocurrency

Mar 30, 2020

Technologies behind Bitcoin and Cryptocurrency

There are many concepts that enable the successful working of Bitcoin and Alt Coins over the years. The following are fundamental technologies that contribute to Cryptocurrency domain.

1) BlockChain

Blockchain acts a record of ledger for all the transactions in the network. Think of a Blockchain as a database for storing all of the transactions occurred and will occur in the future.

Know more about the Blockchain technology in this post

2) Cryptography

Cryptography deals with the security aspects in the networking domain. It aims to protect the data that is being communicating over the network (generally Internet) so that, no outsider can understand the data except for the intended receiver. Cryptography is a demanding field in Computer Science.

Know more about Cryptography in this article...

3) Distributed / Decentralized

In every cryptocurrency, the underlying blockchain is distributed. It means the same blockchain is copied and distributed to many computers all over the globe. All of the Blockchains have same data. If anyone tries to change data then it will be detected because there are several copies of blockchain and we can know which is the valid blockchain.

Know more about this Consensus Protocol here

4) Peer 2 Peer

A Peer 2 Peer (also known as P2P) is decentralized application architecture in which all the users can interact or perform the required use case directly with each other. There will be no governing authority that facilitates the interaction or provides the approval. The users in the P2P network will have the full rights. Main aim is to avoid the mediator / intermediate authority or any 3rd party.

Examples are uTorrent, Bittorrent, Bitcoin Transactions...etc.

5) SHA 256 Algorithm

  • S - Secure
  • H- Hash
  • A - Algorithm

SHA 256 is a Cryptographic Hash Function that converts any given input into a string of 64 random Hexa-Decimal characters. These 64 characters take 256 bits of size to store in memory. Hence, the name SHA 256.

Know more about the SHA 256 Algorithm here


Go to Next Post - What is Cryptography? Its usage in Cryptocurrency


Go to Previous Post - What are Stable Coins ?

Mar 8, 2020

What are Stable Coins in Cryptocurrency ?

Stable Coins - Aims to Keep their Value Stable

Stable coins are a class of Cryptocurrencies whose goal is to keep the price or market value of exchange rate as stable as possible. The implementors of stable coins achieve this by fixing the price of a stable coin to an external factor like Price of Dollar or Price of Gold etc.

Cryptocurrency markets are highly volatile and the values of any coin may crash and sink to bottom or the value may increase and sky-rocket up to the moon. The market is unpredictable.

So, there is a need for a fixed value coins that don't undergo these type of unpredictable changes. Stable coins came into existence to fulfill this need.

Bitcoin is not a stable coin !!

Each Stable coin has its own Blockchain and all the transactions of that respective coin will get recorded in that Decentralized ledger.

Some of the popular & widely used Stable coins:


1) Tether
2) Paxos Standard Token
3) DAI
4) USD Coin
5) True USD
6) Reserve

and many more... Detailed posts on each of the stable coins will be updated soon... bookmark this page or remember this site (jvermaDLL.blogspot.com) for insights on cryptocurrencies for beginners.


Go to Next Post - Technologies Behind Cryptocurrency


Go to Previous Post - What are ALT Coins ?

Watch Naruto vs Rock Lee vs Shiikamaru vs Kiba Battle Royal