Launched in 2014 by developer Da Hongfei and Erik Zhang, NEO is an open-source blockchain-based platform for decentralized applications and smart contracts. The same duo founded the Onchain, a Shanghai-based blockchain company. The technology company offers blockchain solutions to various businesses.
Formerly named Antshares (ANS), the cryptocurrency later rebranded to NEO in June 2017.The NEO platform enables the development of smart contracts and Dapps.They aim to build a Smart Economy system using digital assets, digital identity, plus Smart Contracts. The NEO network envisions its Smart Economy System as follows: digital asset+ digital identity+ smart contract= smart economy.
Cryptocurrencies have been the talk of investors, traders, and developers for the past ten years. Since the appearance of Bitcoin in 2009, cryptocurrencies have revolutionized the financial world and the Internet in general. People are now using them as payment methods or as platforms where they can develop new decentralized applications immunized to censorship and shutdown.
The open-source nature of the majority of the cryptocurrencies allows the members to suggest or make changes to the original code and create another currency if necessary. For example, if a particular group of people doesn't agree with how the Bitcoin runs, they can rewrite the code and include the new features. The new platform will split from the Bitcoin blockchain and run on its own; this process is called a hard fork.
Launched in September 2017, Cardano is an open-source, decentralized public blockchain .Cardano is still a young project under development that aims to develop a smart contract platform where businesses will be able to build and run decentralized apps. Cardano is also a decentralized payment system planning to provide fast, safe, and secure transactions around the world.
Cardano defines itself as the third generation blockchain, the first generation being Bitcoin. Bitcoin is the firstborn of all cryptocurrencies worldwide. The decentralized currency was created in 2009 to facilitate financial transactions between individuals without any interference and at low transaction fees. However, Bitcoin only allows for monetary transactions. Later in 2015 came Ethereum, the second generation blockchain, a cryptocurrency that aims to decentralize the Internet. Ethereum offers developers a platform where they can build decentralized applications without worrying about shutdown or censorship.
Monero is an open-source blockchain-based cryptocurrency .Monero cryptocurrency launched in April 2014 as a Bytecoin’s fork. A hard fork happens when the original crypto is split into two to create a new version. Most cryptocurrencies’ open-source format allows their members to make changes to address any flaws of the original currency or to create a better alternative.If a group of members of specific crypto doesn’t agree with how things are run on the network, they can improve the code and create a better version, which is called a hard fork.
A similar incident happened to the Bytecoin network. Created in 2012, Bytecoin is the original private digital currency. However, a group of seven developers led by Ricardo Spagni and David Latapie had some issues concerning the cryptocurrency’s initial distribution, which led to the split of Bytecoin into two, Bytecoin and Bitmonero. Launched on April 18th, 2014, Monero was initially named Bitmonero. The new cryptocurrency updated to its current name within a week. Monero started with no pre-mine or coin offering. Furthermore, the developers didn't keep any stakes for themselves — all the contributions from the community help to further develop the digital currency.
Officially launched on June 1st, 2018 by block.one company, EOS (E-OS) is a new blockchain-based platform that aims to become a decentralized operating system capable of supporting commercial-scale decentralized apps. EOS founders claim to have solved the issue of scalability and promise a network able to process one million transactions per second at no cost.
Block.one is a Cayman Island-based company that offers high-performance blockchain solutions to businesses. The company is owned by two blockchain experts Brendon Blamer (CEO) and Daniel Larimer (CTO). Dan Larimer is the brain behind DPoS, the EOS unique system set to solve the scalability problem. Before building EOS, Larimer co-founded Steemit (decentralized social media platform) and Bitshares (decentralized exchange).
Launched in July 2017 through an ICO , Binance Coin is the native token issued by Binance Exchange . Binance Coin is the cryptocurrency that fuels operations on the Binance platform. Binance is a popular cryptocurrency exchange founded in China in 2017 by Changpeng Zhao (CZ). The Chinese company relocated to Malta, Southern Europe, following the Chinese government ban on cryptocurrencies.
Binance crypto-coin trades under the symbol BNB on various exchanges. BNB tokens were pre-mined by the Binance founding team before launching the ICO on the Ethereum network. The token was issued as an ERC-20 token on the Ethereum blockchain.
Being an affiliate marketer is one of the fastest and effective ways to generate passive income nowadays. Website owners can make money by recommending other businesses’ products and services to their audience. All you have to do is promote another brands’ product by placing a link or an ad in your website content, help the advertising company to increase their traffic, and receive a commission per sale generated from your website.
In today’s society, most of our personal information is held by huge companies like Google, Facebook, Amazon, and more. Also, when you want to create a website or even an app, your data will be stored and controlled by a private's firm on its servers. On top of that, you have to pay for their hosting services. Moreover, the financial system and the currencies we use to pay for goods and services are controlled by single entities like the government or central bank.
It is in 2009 that the world was introduced to the first virtual currency, Bitcoin . Bitcoin is an electronic peer-to-peer payment system and the first-ever cryptocurrency. Before Bitcoin, the only way people could use money digitally was through bank transfers, electronic cards, or other online payment systems like PayPal, Google, and Apple Pay, etc. Even then, the money used was issued and controlled by governments or banks, which caused constant inflation of the fiat currencies. Further, thefinancial services would then charge you high transaction fees, and the transactions could take days for the money to reach the receiver.
Initial Coin Offering in full letters, an ICO is a practice of seeking funds for blockchain projects.
An ICO is more like a digital version of an IPO (Initial Public Offering). Cryptocurrencies’ experts referred to it as an IPO taking place within the Blockchain environment.
ICOs are a way to raise funds for a new cryptocurrency or digital money. There are thousands of cryptocurrencies on the financial market, but only a few are known to the public. Since the launch of Bitcoin in 2009, developers around the world are coming up with new cryptocurrencies to solve existing problems and improve people’s lives. Cryptocurrencies are a decentralized money system, which means that no entities can regulate their cash flow. They are a pure function of demand; the higher the number of its users, the higher the value.
Officially launched on August 1st, 2017, Bitcoin Cash is a Bitcoin hard fork. A fork is an alternative version of an original cryptocurrency. When users of one cryptocurrency disagree with the rules of the crypto’s network, it might result in a split into two coins. That split is called a hard fork. For instance, if some users of a network realize that there is a flaw in the way the system runs, they can propose a solution on how to fix it. However, other members of the network may oppose them. Therefore, if the alternative is not supported by 100% of the users, a split will occur, and a new coin will emerge.
Bitcoin Cash was introduced to resolve the problem of scalability on the Bitcoin network. On average, it takes 10 minutes for transactions to be confirmed on the Bitcoin blockchain. It means that when you want to send bitcoins to someone, it will take about 10 minutes for your transaction to be verified and approved. Once approved, transaction data are recorded on a block and added to a blockchain, and so on. Besides, adding a block to the Bitcoin blockchain requires storage space, and the maximum cap for each block is 1MB. One block averagely contains 2700 transactions, which means that the blockchain executes less than ten transactions per second — comparatively, the Visa process about 24000 transactions per second.
Litecoin is a peer-to-peer digital currency and one of the best altcoins in the world. Created in October 2011 by computer scientist Charlie Lee, Litecoin is a project fork of Bitcoin, the first cryptocurrency. Lee used a code very similar to Bitcoin, except the fact that the founder aimed to solve the speed of transactions and scalability of Bitcoin. He also wanted to enable average users to mine using regular computers, as opposed to the specialized and energy-consuming hardware that Bitcoin uses.
Litecoin cryptocurrency can be used to buy products and services such as website development online without paying high transaction fees and worrying about exchange rates. Currently, Litecoin charges 0.001 LTC per transaction. The cryptocurrency can also be used as a store of value like gold for long term investment.
As the name suggests, the word altcoin is a union of two different terms: alt and coin. Alt signifies alternatives while coin stands for cryptocurrency. Altcoins then are all the cryptocurrencies alternative to Bitcoin, the first-ever digital currency. The successful launch of Bitcoin paved the way to other competitive versions trying to discover and improve any of the original cryptocurrency limitations.
Before we move to a more in-depth explanation of altcoins, here is a brief definition of Bitcoin. Bitcoin was initiated in 2009 by Satoshi Nakamoto, a man whose real identity remains mysterious. It is a user-to-user virtual cash system that allows users to send each other transactions without the involvement of a third party like a government or any financial institution. Dubbed the internet money, many people, especially the young generation, are starting to use bitcoins to purchase products or services on the Internet.
IQ Option is a fast-growing trading platform that enables people to trade various assets and instruments, including stocks, Forex, Binary/digital options, commodities, ETFs, and cryptocurrencies.
Founded in 2013 by Dmitry Zaretsky, IQ Option currently counts more than 50 million customers around the world.
Owned by IQ Option Europe Ltd, IQ Option has its headquarters in Cyprus. The company's products and services are EU regulated by the CySEC (Cyprus Securities Exchange Commission). For IQ Option consumers outside the European Economic Area (EEA), the company manages their accounts from a sister company, IQ Option Ltd., based in Seychelles. IQ Option Ltd is also a regulated entity under the Seychelles Financial Services Authority.
Plus500 is an international online broker specialized in Forex and Contracts for Difference (CFDs) financial markets.CFD is a form of trading that allows people to buy and sell financial assets without actually owning them. The platform enables investors to trade multiple assets, including stocks, forex, commodities, ETFs, options, and cryptocurrencies. Users can trade more than 2000 instruments from their computers, smartphones, or Apple's wearables. What more, Plus500’s customers can access around 50 markets to trade.
The trading platform doesn’t charge commissions on any of its trades and makes money from Bid/Ask spreads. Spreads constitute the difference between the best buy and the best sell price. However, Plus500 still offers some of the lowest spreads on the market.
Cryptocurrency, also known as digital money, is a virtual currency designed as a mean of exchange between private individuals or groups, without interference from the government or any other financial institution. Cryptocurrency is a decentralized money system meaning that it has no administration or bank controlling the cash flow.
Cryptocurrency's network runs on cryptographic protocols which are complex mathematical codes developed on computers by engineers. The protocols help to transfer data and to secure the system that produces the currencies from eventual hackers trying to break the network, duplicate or counterfeit the coins. The records of a cryptocurrency’s transactions are kept on a master ledger called “Blockchain."