Useful articles Archives - Usenano https://usenano.org/category/useful-articles/ Interesting things about cryptocurrency Wed, 09 Nov 2022 13:20:42 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://usenano.org/wp-content/uploads/2022/04/cropped-logo-160x160.jpg Useful articles Archives - Usenano https://usenano.org/category/useful-articles/ 32 32 What Are Cryptocurrencies and How to Invest Safely! https://usenano.org/what-are-cryptocurrencies-and-how-to-invest-safely/ Wed, 09 Nov 2022 13:20:39 +0000 https://usenano.org/?p=296 Not every digital asset is a cryptocurrency. See what makes these virtual currencies special, and learn how to buy them risk-free. Bitcoin and Ethereum are the biggest cryptocurrencies , and together they represent 60%...

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Not every digital asset is a cryptocurrency. See what makes these virtual currencies special, and learn how to buy them risk-free.

Bitcoin and Ethereum are the biggest cryptocurrencies , and together they represent 60% of this market. Both virtual currencies use blockchain technology , the shared database, therefore they work without the need for a regulatory body.

First, it is necessary to understand the difference between fiat currency, Reais, Dollars and Euros, transacted in digital form, and cryptocurrencies. In fact, the advancement of debit cards and financial apps is making physical money rare.

The first image, despite being replicated thousands of times on the internet, is out of date. In November 2010 user ‘Bitboy’ suggested another logo, stylized with an orange background, for Bitcoin and the community promptly adopted the new standard.

It is worth remembering that the currency issued by governments and Central Banks has serious deficiencies, for example, uncontrolled issuance. Furthermore, your money can easily be confiscated by a court order, or by the intermediary’s decision. This is where the advantage of cryptocurrencies comes into play!

What is cryptocurrency?

Cryptocurrencies are digital assets that work without a central coordinator, that is, they are independent of banks, companies, and governments. These virtual currencies can be used to purchase goods and services, or transacted between network participants, without the possibility of censorship or intervention.

About 95% of virtual currencies store transactions on the blockchain , the shared database. This technology brings transparency and security to the system, as every movement is recorded in a public and auditable manner.

Another striking feature of cryptocurrencies is the use of cryptography , which prevents unauthorized movements of the values contained in each digital wallet.

Finally, it is necessary to understand that there is no formula or entity assuring the value of each virtual currency. Pricing is determined exclusively by buyers and sellers on each exchange , the virtual currency exchange. Examples of cryptocurrencies are Bitcoin, Ethereum , Litecoin, and Ripple.

What is Bitcoin and Cryptocurrencies?

Bitcoin is the first and best-known cryptocurrency , but there are thousands more in circulation. The main function of this virtual currency is to transfer value quickly, securely, and without intermediaries.

Anyone can be part of the network, thus being able to validate transactions, perform transfers, and even store Bitcoin (custody) independently.

Bitcoin is a digital asset, a cryptocurrency, and it only exists within a shared database. The term crypto is used because of cryptography, the algorithms responsible for the security of transactions.

Among the advantages of cryptocurrencies over traditional money, we can list:

  • Limited and predetermined offer;
  • easily transferable, without the need for an intermediary;
  • 100% transparent and auditable by all participants;
  • It cannot be faked, or have transactions censored.

What is cryptocurrency and how does it work?

To be considered a cryptocurrency, the digital asset must have the following characteristics:

FeatureDescription
encryptedUsed in the hash, the sequencing of data stored in the blockchain, the ledger of transactions, in addition to being responsible for the digital signature, the authorization to move a certain wallet of coins
decentralizedThe network must work autonomously, supported by users (nodes) who run the software on their own computers, without depending on a central server.
IrreversibleAfter a certain number of confirmations from the miners, or validators, the transaction must be cemented on the network
not objectionableAny user must be able to validate the historical record on their own, in addition to being able to transmit a transfer request without possibility of censorship

Cryptocurrencies work with virtual addresses (wallets), which cannot be directly assigned to a person or company. However, this does not mean that Bitcoin and virtual currencies are anonymous.

One of the technologies behind cryptocurrencies is the blockchain, essential to ensure that the same currency is not used twice, known as the “double spending problem”. The information is stored by all participants, in chronological order, allowing the tracking of each virtual currency since its creation.

The differential of this technology is the ease in validating the hash, the algorithm that joins the current block to the preexisting data sequence. On the other hand, finding the solution for each new block is extremely labor intensive.

The rules of this validation mechanism eliminate the incentive for fraud, as unauthorized transactions are easily detected by network participants.

Cryptocurrency brokers in Brazil

Cryptocurrencies allow free trading between their users, a model known as peer-to-peer, or peer-to-peer. To provide more security to transactions , the figure of exchanges emerged, similar to traditional brokerages.

Similar to stock exchanges, exchanges organize a marketplace for trading digital currencies. Buyers and sellers need to enter an order into the system determining the total quantity and the unit price to be negotiated.

In summary, the prices and quantities traded are determined solely and exclusively by the supply and demand of customers, without interference from the brokerage firm in this process.

In practical terms, the main difference to traditional stock exchanges is that exchanges work like independent stock exchanges, so it is possible to have quotes varying between competing platforms.

Bitcoin Market is proud to be among the 25 most trusted exchanges in the world , according to a study conducted by the Blockchain Transparency Institute (BTI).

How to buy cryptocurrencies

To buy Bitcoin and other cryptocurrencies on an exchange, the first step is to register on the platform.

Then, you need to deposit money into the broker’s account to finally place an order to buy the desired virtual currency.

You see, this procedure is identical to a traditional stockbroker. We even use the same security standards and anti-money laundering practices.

The Bitcoin Market is the absolute market leader in Brazil, both in terms of traded volume and number of customers. In addition, we have a history of practically uninterrupted operation since 2013, without any record of loss of customer values.

How to invest in cryptocurrencies

An investment portfolio that maximizes return and reduces risk should look for assets with different upsides and downsides. This is one of the attractions of cryptocurrencies, which also have predictability of supply and security.

For this reason, we recommend that savers allocate a portion of their capital according to their risk profile and investment horizon. In the current scenario of very low interest rates with rising inflation, Fixed Income investments rarely show real gains.

Never stop investing in an asset that you believe in the future because of the strong variation in the price. To invest in digital currencies safely, it is enough to determine a small allocation in the portfolio. Thus, even in periods of decline, the impact will not be as relevant.

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What Are Criptovalutes In Casinos And How To Play? https://usenano.org/what-are-criptovalutes-in-casinos-and-how-to-play/ Wed, 09 Nov 2022 13:18:31 +0000 https://usenano.org/?p=292 Crypto casinos are gaming platforms where players can use cryptocurrencies to make deposits and withdrawals. This means that casinos allow players to use any cryptocurrency they support to fund the games they want to...

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Crypto casinos are gaming platforms where players can use cryptocurrencies to make deposits and withdrawals. This means that casinos allow players to use any cryptocurrency they support to fund the games they want to play. To see the most popular casinos with cryptocurrency you can visit the website cassino brasil online.

Players are becoming increasingly attached to cryptocurrency casinos because they offer users unlimited privacy and options, among other things. Many online gambling sites follow the same rules and regulations as traditional gambling companies, the significant difference being that in a crypto casino, the player can use cryptocurrency to play their favorite casino games and receive their winnings in cryptocurrency.

Nowadays, crypto casino platforms have a lot to offer players in terms of bonuses, including huge cryptocurrency jackpots where you can win up to 500 BTC! With cryptocasinos, players’ winnings are automatically sent to their internal wallets as soon as they finish playing. Players can then initiate withdrawals to their cryptographic private/external wallets.

However, it is worth noting that many online casinos have withdrawal restrictions, so customers cannot withdraw all of their funds at once. Before deciding to play online casino games using cryptocurrency, you should familiarize yourself with the terms and conditions of the platform you intend to play on to better understand how things work. If you don’t, you might be disappointed at the end of the day. Cryptocurrency casinos have grown in popularity in recent years, and these platforms are expected to continue to grow as the cryptocurrency industry grows. Below are some of the most reliable cryptocurrency casinos currently available.

How do I play cryptocurrency casino games?

Playing cryptocurrency games is easy. But first, you need to know where the best places to play cryptocurrency casino games are. The most reliable cryptocurrency casino sites generally offer many games to increase your chances of winning.

So, once an online casino is identified, you will be asked to make your first deposit. The best operators offer a lucrative sign-up bonus to get you started. Once your account is created, you can choose your preferred crypto game to play.

One of the perks of playing at a crypto casino is that you can use the bonus money on your first spin. So even if you lose, you still have money to invest. But also, if you win with the cash bonus, you can still withdraw real money once the wagering requirements are met.

Cryptocasinos on our page generally offer games in different categories. So you can bet on crypto slots, table games, live dealer games and much more. All crypto casino games are also proven to be fair. In this way, you can see for yourself the honesty of the game when playing in an online casino, ensuring the safety of your online game.

Why use cryptocurrency online casinos to gamble?

It is easy to use cryptocurrency for betting in online casinos. First of all, creating an encrypted wallet is a simple process.

Unlike credit cards, it is simply necessary to create an account on any of the best encryption exchange platforms. After that, you only need to provide your wallet address when depositing or withdrawing funds on the casino website.

It should also be noted that the best crypto casinos do not charge for deposits or withdrawals. Payouts at SpinCasino are also processed instantly, so you don’t have to wait three business days to receive your winnings.

Furthermore, cryptocurrencies are not controlled by a central authority. Thus, anonymity is guaranteed – unlike when using credit cards for casino transactions, this will be reflected in your monthly reports. Doesn’t look like fun!

Play online casino games with cryptocurrency

Casino players visit online casino gaming sites for one reason — to play casino games. This means that if a casino does not have a significant number of slot machines in its vault, it risks losing players to competitors.

Game selection is one of the cornerstones of any online casino’s success, and the best online casino sites offer their players a complete portfolio of casino games. Online slot machines are not for everyone, and should be considered one of the best table games in live casinos, and game rooms should have a live dealer. Live dealer games offer players a fantastic casino experience from the comfort of their own home.

The best casinos are constantly adding new games from top software providers such as NetEnt, Microgaming, Red Tiger, Big Time Gaming and many more. Look for the best casinos that sell more than traditional classic casinos like online roulette, blackjack, baccarat and poker. Online casinos should have enough game options and tables for players of all budgets, including high rollers.

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BSW: What is this token and where is it used? https://usenano.org/bsw-what-is-this-token/ Wed, 13 Apr 2022 06:28:40 +0000 https://usenano.org/?p=264 BSW from the Biswap exchange is one of the young and promising tokens in the cryptocurrency arena. How does the new cryptocurrency feel and where is it being used?

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BSW from the Biswap exchange is one of the young and promising tokens in the cryptocurrency arena. How does the new cryptocurrency feel and where is it being used?

What is it

BSW is the proprietary token of the decentralized Biswap exchange. The exchange itself resembles the well-known Uniswap or PancakeSwap. And its token circulates in the Binance Smart Chain ecosystem and supports the BEP20 standard.

The exchange itself aims to be the first in many ways. Biswap is the first decentralized exchange (DEX) with 3-step verification. It also boasts a trading fee of 0.1% – the lowest in the entire crypto market, if the developers are to be believed.

Biswap offers all the usual functionality:

  • token trading;
  • Farming income;
  • platform for investing in new coins;
  • NFT;
  • lotteries;
  • and more.
  • Biswap’s plans include, of course, further product development. One of the most anticipated is a lending service.

Where is it used?

BSW is used to settle and gain access to Biswap services. It is also possible to earn a coin by stacking or farming. An alternative solution – to participate in the referral program and also get some BSW. And, of course, do not forget that BSW can be used in trading.

Where to buy?

The first and most obvious solution is the Biswap exchange itself. But to buy BSW for real currency or one of the digital assets already some days offers Binance. Among the centralized exchanges also supporting BSW are Gate.io, Mandala and others.

Outlook

Biswap DEX has performed well since its launch in 2021 and continues to expand its business. This gives confidence in the future of its native token. The listing of the token by Binance – the largest centralized crypto trading platform in the world – also adds to the optimism. However, optimism in this case should be restrained – Binance tends to approve tokens of varying quality.

The market has had an ambiguous assessment of the listing so far: a giant candle was followed by a decline.

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Top cryptocurrencies with high potential in 2022 https://usenano.org/top-cryptocurrencies-with-high-potential/ Wed, 13 Apr 2022 06:21:11 +0000 https://usenano.org/?p=261 Digital assets took the place of a "safe haven," where investors escaped high inflation and ordinary citizens multiplied the additional money received under the quantitative easing of many monetary regulators.

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The year 2021 was a very significant year for cryptocurrencies. Digital assets took the place of a “safe haven,” where investors escaped high inflation and ordinary citizens multiplied the additional money received under the quantitative easing of many monetary regulators. Thus, leading bitcoin and etherium, which account for more than 60 percent of trading turnover on online cryptocurrency exchanges, have risen almost threefold, while the cryptocurrencies Dogecoin and ShibaInu have shown growth of thousands of percent. And, while the potential here can already be considered recouped, there are still a number of coins that could shoot up next year.

So what to invest in in 2022?

Chainlink
Chainlink has shown good profitability last year and this year. However, you have to look for entry and exit points. At the time, the asset was more than doubling in value, which allowed it to show good profits. At the same time, if the dynamics continue in 2022, this coin has all chances to break into the top 10 cryptocurrencies. There’s plenty of money to be made on it.

EOS
This coin is worth buying because of the high degree of technical sophistication recognized by the cryptocurrency community. Transaction processing speed and scalability potential allow EOS to occupy leading positions. Since the beginning of this year, there has been a six-fold growth of the coin, however, quotes quickly returned to the starting values. Thus, we can say that the potential has not been fully disclosed yet.

Cardano
A young coin with great potential. Cardano quotes showed tenfold growth in just one year, reaching 2000% in a moment, and so far the interest in the coin is not going to dry up. Therefore, 2022 can be a great time to profit from a young but already successful project.

TRON
TRON favourably differs from many representatives of the cryptocurrency market. The greatest potential is given to it by acceptance of the coin by communities of online gamers. It is for TRON that gamers buy and sell game content. Given the growth of the online gaming market, TRON also has the potential to grow.

DBX
An internal coin of the digital ecosystem with high bandwidth and quite a degree of reliability. If in the nearest future the development of WEB 3.0 technology will move to a new level, DBX has all chances to become one of the native currencies of the new Internet.

Polkadot
Another platform for creating applications and contracts on a distributed registry. The development of the project and its ideas let some experts say that Polkadot is able to influence the cryptocurrency world as much as Ethereum did in its time.

Solana
Last on the list, but not the last coin in terms of potential. Due to its increasing throughput and ease of mining, many predict Solana’s adoption of the coin by a large share of the cryptocurrency community.

Conclusion
This is a small selection of already established projects with high growth potential in the next year. However, only the speculative part of the portfolio should be filled with them. If you decide to use our recommendations, you need to keep a close eye on the information background and technical signals of these coins. You can buy them now, but it is better to exit the digital asset when the information about the formation of the peak comes in.

Bitcoin and etherium should not be neglected as reliable assets, especially in the long term. At least 60% of your portfolio should consist of these coins. Also, do not invest in meme-dogs and shiba, although they still have potential, but they have played out the possible causes for growth, in the future the potential will only dry up.

Although digital assets are a volatile asset with high risks, but using the information correctly you can join the 4% of American citizens who gave up office to invest in cryptocurrencies. Of course, there is no need to rush headlong into a maelstrom, but gradually using an effective tool everything is possible.

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TWT: Trust Wallet token https://usenano.org/trust-wallet-token/ Wed, 13 Apr 2022 06:10:35 +0000 https://usenano.org/?p=255 Most people in the crypto world have heard about Trust Wallet at least in passing.

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Most people in the crypto world have heard about Trust Wallet at least in passing. However, not everyone realizes that this popular application has a native token – TWT. Today we will try to correct this misunderstanding and tell you about the coin.

What is TWT?

TWT or Trust Wallet Token is, as the name implies, a token for the Trust Wallet application. In turn, Trust Wallet is a popular mobile wallet for storing, exchanging, or stacking dozens of different coins. It supports Binance Smart Chain, Ethereum, and Tron networks. The usual Bitcoin, Litecoin, Ripple and others are also available. In total, there are 53 blockchains and thousands of assets on the list.

TWT has quite a few useful use cases. For example, token holders can participate in votes to develop the wallet or receive discounts on transactions.

The Trust Wallet service was launched by Six Days LLC, run by Ukrainian developer Viktor Radchenko. But in 2018, Trust Wallet was bought by the cryptocurrency exchange Binance, which remains its owner even now.

The application is mobile, and is available to owners of smartphones running the two top operating systems – iOS and Android.

Where is TWT used?

Trust is the Swiss knife of the cryptocurrency world and can do just about anything. It supports:

  • asset storage and exchange;
  • stacking;
  • DApp browser;
  • NFT;
  • purchase of cryptocurrency by card;
  • market monitoring.

Not surprisingly, this monster has gathered an audience of 25 million users, almost catching up with MetaMask. For all that, the wallet remains non-custodial. Simply put, users are not required to “share” private keys with the company, which could give it access to customer funds. Nor do they have to upload their photos or fill out any forms.

Curiously enough, Trust has a separate wallet version for El Salvador. It’s called El Salvador Bitcoin Wallet. Not surprisingly, because a country where bitcoin is recognized as an official currency and closely integrated into everyday life needs the most advanced solutions.

So, what about TWT itself? TWT supports the Binance BEP20 standard, and is used to incentivize users and get them to vote on further development of the project.

Trust Wallet team

The creator of one of the most recognizable applications on the crypto market is Ukrainian Viktor Radchenko. While still a student, he headed the internet security department of Privatbank, the largest bank in the country. In 2011 he moved to the US, where he founded a couple of startups. One of them – Trust Wallet – in 2018 he sold to the cryptocurrency exchange Binance. After the deal, Victor stayed on the team:
Chips
Trust Wallet attracts attention for its multicurrency nature. The team estimates that the service supports 53 blockchains and over 1 million assets created from them.

The second trick is providing custodial-level services while maintaining custodiality. Simply put, you can buy crypto by card or enjoy other benefits without going through a verification process or sharing your data.

Investing in TWT

Of course, TWT has had its ups and downs. But overall, the coin is moving steadily upward. If in 2020 1 TWT was valued at $0.007 (yes, that’s less than 1 cent), now it is worth $1.25. Those who have been with crypto from the beginning are obviously happy with this return. After the drawdown, the currency is growing steadily again, approaching the maximum values. The maximum for TWT is still $ 1.5.

Where to buy TWT?

The most obvious choice is Trust Wallet itself or Binance services. Trust Wallet Token is also in demand on MXC. On Binance Smart Chain’s main DEX ecosystem, PancakeSwap, TWT is not supported by default, but it can be imported if desired.

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The U.S. began to demand information from banks on operations with cryptocurrency https://usenano.org/operations-with-cryptocurrency/ Wed, 13 Apr 2022 06:08:15 +0000 https://usenano.org/?p=252 The U.S. Federal Deposit Insurance Corporation (FDIC) notified banks of new rules. Financial institutions must now warn about all cryptocurrency transactions.

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The U.S. Federal Deposit Insurance Corporation (FDIC) notified banks of new rules. Financial institutions must now warn about all cryptocurrency transactions.

The regulator said in a statement that because of potential systemic risks, any company or bank that has the ability to engage in cryptocurrency activities must disclose their plans, and any institution conducting crypto transactions must notify the FDIC “immediately.”

Reuters explains that regulators are taking into account the growing popularity of cryptocurrencies and its impact on security. Joe Biden has already instructed government agencies to assess the risks and benefits associated with cryptocurrencies. Such a move is seen as a clear recognition of the potential consequences of the growing importance of digital assets.

According to the regulator, a disruption in the transactions or activity of crypto-assets could confuse customers, causing “raids” on firms’ financial assets.

FDIC-monitored companies must now provide detailed information about planned activity and proposed transaction timelines. The agency plans to review such information for safety and soundness, financial stability and consumer protection.

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