Charles D'cruz

Blockchain means that “chain of blocks”.  Each and every block includes information and record of data that are pushed together and verified.

These blocks are validated onto the chain of transactions and information in previous blocks. These blocks are permanently recorded in the record book that is the blockchain.

In the simple form blockchain is a series of undeniable record of data. It is managed by bunch of computers not owned by any single entity. These data are secure and certain to all using of cryptographic principle.

The blockchain technology has no central authority to access the network. It is a common and unchallengeable record. this information is open for anyone and everyone. Everyone can see easily.

Cryptocurrency is based on the tokens and blockchain is technology, it too is a decentralised, digital system. Defined as a digital or virtual currency, it uses cryptography for security, and is not owned by any particular authority – essentially rendering it immune to authoritative control.

It is not optional technology for cryptocurrency, but initial feature of cryptocurrency. This is not restricted to the financial sector, blockchain offers multiple solutions that are likely to disrupt diverse markets in the years to come.

Blockchain related to cryptocurrency

Jings coin is cryptocurrecy and blockchain is the technology that support it. A cryptocurrency is digital coin that runs on blockchain. So it is define, cryptocurrency and blockchain related to each other. Cryptocurrencies are the token and uses the networks to send value and pay the transactions.

Cryptocurrency is like of tool or resource on a blockchain network. Here we are dealing with selling, investing,buying and other deals with blockchain token and subtoken.

The blockchain is the technology that is serve the distributed ledger in the forms of the network. This network creates the means for transacting, and enables transferring of value and information. It is serve the technology and cryptocurrencies are part of the ecosystem.  

For the transaction, cryptocurrency is always need to the blockchain technology. Without blockchain, transaction cannot be done and any type of the data cannot transfer.

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What is the best cryptocurrency to invest in right now?

Cryptocurrency is a combination of 'crypto' & 'currency'. In other terms cryptocurrencies are digital, decentralized currencies, that depends on the principles of cryptography for distribution, generation, transferring etc.

How does cryptocurrency work?

There are many transactions that were sent using cryptocurrency wallet software. People who create the transactions will use the cryptocurrency exchange wallet software for transferring balance from single account to the another account.

What is the Purpose of cryptocurrency?

From the investment to the money transfer, each and every transaction is becoming paperless. The most promising and newest adding to the sector of digital payment is cryptocurrency.

Right now best cryptocurrency is bitcoin-

It is best because, it is most widely used currency till today’s date. It is quite common cryptocurrency used by the peoples all over the world. It is referred as best cryptocurrency and has specified goals such as digital cash, global, peer-to-peer.

Bitcoin has top most liquidity in all over the world and also the best currency for the beginners for buying and selling. It is also known as the one of the stable cryptocurrencies.

Bit coin is the best cryptocurrency but it is very costly for buying it. As compare to jings coin, the Jings coin is better to buying and using all over the world.

Jings coin is the advance platform or the open source platform of blockchain which build on functionality of pioneering cryptocurriency. It is very easy for using it and it does not need any permission to use it.

Advantages of using jings coin:

1.    It is Widely Accepted:

It is accepted by the large and small both group of online merchants. It also makes feasible to the whole world on jings as a cryptocurrency.

2.     No Buyer Protection

When people buy goods with the use of Jings coin, the seller have to send promised goods and the transaction are reverseable. No third party is been required for reversing the transaction.

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As many of you may have heard by know that cryptocurrencies are on the rise and many people have started to invest in them. As more cryptocurrencies are on the rise it is seen that more and more investors seem to be highly interested in them. The price fluctuations that go on in cryptocurrencies make it hard for a long-term investment to occur in them. though there are some coins available in the cryptocurrency market which do have long-term benefits. But the point does come down to this that there are too many changes in the price in which trading is probably the best option that one is left with.

Cryptocurrency is probably one the best digital currencies which are available in the market and it is the first currency, other than fiat currency, that has been allowed to be used as a medium of exchange in some countries. Some other countries in the world have not allowed this digital currency to be used as they believe it may disrupt the whole economy. But still, people do go for cryptocurrencies as they believe it offers more of a profit to them. One of the ways to do this is by trading coins.

Now one of the methods that can be adopted is margin crypto trading. Margin trading can also be done in the cryptocurrency market like it is done with shares. Let us first understand what margin trading is actually. What is done is margin trading is that an individual will put more money into the market than what they originally have so as to increase their profit volume. This is also known to leverage their chances in the market. For example, if a person was to invest $5,000 into the market and borrow $5,000 then you would have $10,000 to invest in the market. But it needs to be noted down that when the individual will borrow the amount then interest would have to be paid on that particular sum borrowed.

Now the same occurs when you are on the cryptocurrency trading platform and deciding to trade a coin. The cryptocurrency exchange rates are either falling or rising and this is what catches the interest of the traders. If you invest in a coin along with the borrowed money and the coin sees an upsurge then you would land some profits. But it should be kept in mind that the whole process can go the other way around. Think that if you trade a coin by margin trading but instead of the rates going upward they decrease. This would mean that you would have to pay the borrowed amount back along with the interest and would have to be dealing with the losses that have been just made.

So to have a profitable cryptocurrency margin trade proper research should be done. In this research, one of the crucial aspects is known to be picking the best cryptocurrency trading platform which is the most beneficial for you. Remember that there are a lot of platforms that are available in the market and choosing one can get confusing. But just remember to see what coins interest you the most and see that they are all present in a single trading platform.

Cryptocurrency is a vast topic that you probably cannot cover in a single day and require all the knowledge that is needed to start the process of cryptocurrency. There are many aspects that make up a cryptocurrency and all of them need to be understood carefully. So all of this process is time-consuming and most people do not have such patience to do so. So I have created this blog in which I will discuss the three crucial aspects that need to know in order to understand cryptocurrency and blockchain.

Let us first talk about cryptocurrency before we go to the in-depth knowledge about. The cryptocurrency was introduced in the world as a new type of digital currency and hoped that it would gain popularity quickly. But this was not the case as the cryptocurrency took a lot of time into creating awareness but when it did the whole world was shocked by it.

Cryptocurrency

The first thing that will probably come to your mind is to see what is the best cryptocurrency to buy now and which cryptocurrency should one invest in. Well as you may know that there are about 1600 cryptocurrencies in the world and new ones are on the rise each day. Probably the best currencies that should be invested in right now are Bitcoin and JINGS coin. Bitcoin is the most known cryptocurrency in the world as it was the first one of its kind. Another factor is that the price fluctuation in this coin is very high thus making it one of the best coins to trade. JINGS coin is fairly new in the market but is expected to have a high potential as it is not dependent on any other blockchain but has its own. This shows how committed the coin is toward the security measure it holds for the clients.

The second thing that should be discussed is digital currency mining or better known as cryptocurrency mining. Mining is a crucial part for cryptocurrency as it makes sure that the transaction which is done between by selling or buying of the coins. When a transaction occurs it is that someone would need to verify and justify the whole transaction. To do this there are mines which are present which will do the justification and verification process. In return for making sure that the transaction is done right, they receive coins of the cryptocurrency that they have just mined. The important thing here to be noted is that the mining process is not as simple as it would require you to purchase a lot of technology that is very expensive.

In the cryptocurrency business, there are multi-cryptocurrency wallets. These wallets are present so that the information regarding the transaction and coins will be kept safe. There are both online wallets as well as hardware wallets which allow you to stores your personal information regarding cryptocurrencies. If you lose your wallet then you would not be able to have access to the coins thus creating a loss for yourself. Your private key is held in this wallet hence losing it will result in a very huge loss.

Blockchain

Blockchain is a technology which is used in which transactions are recorded and helps to keep the whole transaction safe. Blockchain and Cryptocurrency both play a vital role in the digtal currency exchange business. Blockchain is considered to be one of the crucial aspects that one needs to take into account while creating a new digital currency because it needs to be decided on whether a new blockchain is to be created or to rely on an existing one.

When you are planning to go for cryptocurrency invest then it is important to see what are the cryptocurrency trading platforms which are available. While seeing what cryptocurrency exchange platform should be decided, then it would be wise to see how many coins are available for trade. Remember that the blockchain used in each of the cons would be different so choose according to what fits best for you. The cryptocurrency exchange rates may also differ depending on what type of blockchain technology is being used. There are many cryptocurrency trading platforms available in the market is probably Binance because the fees charged is very low and has a lot of coins that you can choose from.

As the rise of cryptocurrency is going on in the world, more and more people have started to create their cryptocurrencies. This has led to a rise in the number of cryptocurrencies in the market. This has also caused a rise in interest in people to start their own cryptocurrency. Starting and having your own digital currency is a big deal but the process of making a one is not that simple. So let’s get started on how to make your own cryptocurrency.

The first thing that should be understood is whether you want a coin or token. Most people get confused between these two as they think that it is that same thing. Both of them are cryptocurrencies but the main difference is that while a coin will have its own different blockchain and the token will be dependent on a blockchain. Ethereum is a form of a token because it is dependent on a blockchain rather than having its own.

The first actual step to start your own cryptocurrency is to define what needs to be achieved. This will be done by creating an objective which would need to be achieved. Also, decide on a smart asset that people would think about investing in and link it with the cryptocurrency. After this step, the next step is to choose a certain blockchain platform. There are many in the market to choose from like:

1. Waves

2. BlockStarter

3. Coin list etc.

The one thing that should be kept in mind while deciding this is, whether you want to create your own coin or token.  When you do create your own coin then the whole blockchain set-up would have to be of your own. This would help to build your own cryptocurrency.

The next step would involve creating nodes for the blockchain. Nodes are basically a point in which the lines in a network intersect. In simpler terms, it can be said that a node is a brick which will help in building up of the blockchain. Designing of nodes is crucial in the whole set up of your new cryptocurrency because it will help in securing the whole transaction in the blockchain. Also, it will help in increasing the speed and efficiency of the transactions. Make sure that the operating system which is picked supports the nodes so that trading cryptocurrency can occur easily.

This next step is one of the most crucial steps as it involves creating the internal structure of your whole blockchain. This needs to be done with full attention because in this part one of the things that is to be decided is to give access to people. This means to see how ill new block is added and what will their keys be. It also means to see what the online cryptocurrency wallets are and how the wallet's key will be processed. Rewards for mining a block would have to be set out so that each time a miner helps a transaction be successfully completed they should know how much of coins should be paid to them.

The last step that is in designing your own coin or taking a step into the cryptocurrency business is to make an interface and also to see that your cryptocurrency is legal. The interface which is designed should be user-friendly and informative so that the client does not have any problems while the new cryptocurrency trading occurs. There are many counties in the world that do not allow cryptocurrency to be used as a medium of exchange so it would be not good to introduce them into such a country. If a country does allow this to happen then make sure that your cryptocurrency is following the rules and regulations set out by the country. If this is not done then you would not be able to make your own cryptocurrency.