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What is cryptocurrency

What is Cryptocurrency? Know All About Cryptocurrency

A cryptocurrency is a digital or virtual asset or an internet-based medium of exchange which uses cryptographic functions to secure financial transactions.

In simple words, it is decentralized digital money.

Like any currency, cryptocurrencies can be used to buy goods and services from different platforms.

But unlike other currencies, cryptocurrencies are digital and use cryptography to provide secure online transactions.

Cryptocurrency works on a peer-to-peer system that can enable anyone anywhere to receive and send payments.

Cryptocurrencies are stored in a digital wallet.

Uniqueness of Cryptocurrency

Uniqueness of cryptocurrency

It is a electronic cash system that isn’t owned by any one party. There is no such bank like other physical currency.

It is built using blockchain technology. Blockchain describes the way transactions are recorded into time stamped and blocks. It is a very complex process which cannot be easily tackle.

Hackers can not tamper with the digital ledger of cryptocurrency.

How do Cryptocurrencies Work?

How do cryptocurrencies work

Cryptocur Currency uses decentralized technology to allow users to make secure payments and save money without having to use their name or through a bank.

They work on a distributed general ledger called blockchain, which is a record of all transactions updated by currency holders.

Cryptoccurency Should be Used?


Every form of investment has potential benefits and drawbacks. Cryptocurrency is no different.

Benefits of Cryptocurrency

  • You can manage your transactions.
  • You can track your payments at a time.
  • You will have a end to end transactions which will be private.
  • Transactions are very fast in cryptocurrencies, there are very less chances of delay.
  • You can make international transactions efficiently.
  • Transaction costs are affordable. There are very less taxes per transactions.

Drawbacks of Cryptocurrency

  • There are no constant prices in these type of currencies, prices can be changed frequently time to time.
  • Hackers can hack the cryptocurrency of yours, they have done in the past and they can do it in the future.
  • Cryptocurrencies run the risk of becoming obsolete. Many currencies are no longer used today.
  • Criminals use cryptocurrency because of many reasons. There is no location attached to wallet, transactions are quick and anonymous and large amount of currency can be sent.
  • There’s a security backup in the event of a loss.

Types of Cryptocurrency

The first blockchain-based cryptocurrency was Bitcoin, which still remains the most popular and most valuable. The following cryptocurrencies represent the most widely popular industry projects (so far):

  • Bitcoin
  • Bitcoin Cash
  • Litecoin
  • Ethereum
  • Ripple
  • Stellar
  • NEO
  • Cardano
  • Peercoin
  • Namecoin
  • EOS


Bitcoin is an innovative payment network and a new kind of money. It was the first cryptocurrency to successfully record transactions on a secure, decentralized blockchain-based network.

Bitcoin Cash:

Bitcoin Cash is a cryptocurrency that is a fork of Bitcoin.  It brings sound money to the world. It is a cryptocurrency launched in 2017 by forking the Bitcoin blockchain and changed the size limit of blocks added to the blockchain.


Litecoin is an encryption that allows instant payments to anyone in the world and can be mined efficiently with high quality mainstream material. It  is a cryptocurrency that is largely similar to Bitcoin.


Ethereum is the second largest cryptocurrency platform with market investment, behind Bitcoin. It enables developers to build decentralized applications (DApps) on its blockchain.


Ripple enables banks, payment providers, digital asset exchanges and businesses to send money around the world using advanced blockchain technology. It is a real-time gross settlement system, currency exchange and remittance network created by Ripple Labs Inc.


Stellar is an open source decentralized protocol for digital currencies with Fiat money transfers that enables cross-border transactions between each currency pair.


NEO is also more than just a digital currency like Bitcoin. It is an entire blockchain platform. NEO is a smart contract platform, similar to Ethereum, that was created by a team of developers in China and was formerly known as Antshares.


Cardano (and its ADA coin) is an unusual and interesting cryptocurrency that has in the past flown a little below the radar. Cardano is a decentralized public blockchain and cryptocurrency project and is fully open source.


Peercoin, also known as PPCoin or PPC, is a peer-to-peer cryptocurrency utilizing both proof-of-stake and proof-of-work systems. Peercoin tokens are issued by stakeholders while the currency is regulated by a central authority through checkpointing.


Namecoin is a cryptocurrency originally forked from bitcoin software. Namecoin, the first fork of Bitcoin, is an information transfer and protection system which uses namecoins (NMC) as its currency.


The EOS token is the cryptocurrency of the EOS network. EOS is a next generation blockchain ecosystem that continues to receive heavy media coverage for its record-breaking ICO and unique characteristics.

Cryptocurrency Creation Service

Things To Know Before Investing In Cryptocurrency Development

It might have been more than a decade ever since Satoshi Nakamoto introduced bitcoin. More than just the bitcoin Nakamoto also introduced or rather reintroduced a revolutionary technology called the blockchain.

More than a decade has passed since the introduction but the entire world of cryptocurrency has still and the entire world of cryptocurrency, true to its name, has evaded mainstream attention over into its apparent image of difficulty it has created. However, it might be surprising for a lot of people to know that creating your own cryptocurrency is probably one of the easiest technical tasks you can execute in the world of blockchain, and it does not require extremely extensive technical knowledge.

The different types of cryptocurrencies

Before We deep dive into the science of creating a new cryptocurrency, let us look one of the ways that the entire trip to the world is classified into two broad types – the one that operates on an existing blockchain and the other one that requires a completely new blockchain to be created from scratch.

If you were to take the bitcoin, it requires a completely different blockchain to function. However, cryptocurrencies can also be created to function on the top of an existing blockchain. For this purpose, one of the most preferred blockchains is Ethereum.

The entire code of the Ethereum blockchain is available on GutHub. It is open-source, and it only means that you can download it and customize it according to your requirements. It makes Ethereum one of the most preferred blockchains for most applications involving blockchains, including but not limited to smart contracts, decentralized applications, and even creation of tokens and currencies. 

Understanding the difference between a currency and a token

In the crypto world, in most cases, both cryptocurrency and token have been used interchangeably. However, they are completely different from each other. The key difference between a currency and a token is that a cryptocurrency can be used as a medium of transaction. In simpler terms, you can use any cryptocurrency to pay for what you buy – like any other currency that you used today. A token, on the other hand, has only a limited validity defined within a specific ecosystem. It could possibly be used to buy something within the ecosystem but it might not have any relevance outside.

To make you understand better, a cryptocurrency is like your US dollar, and a token is like what you would have on your Starbucks card after you have loaded it. Can you buy your Starbucks coffee with dollars? Yes! Can you buy anything else with those dollars? Yes! Can you buy Starbucks coffee with the cash that you have at Starbucks card? Yes! Can you use your Starbucks card cash to buy anything else? No! We hope this sums up the difference for you between a cryptocurrency and a token.

Creating your own crypto token with ERC-20 standards

The term ‘ERC-20’ might not have had an introduction yet. ERC-20 is a standard in the Ethereum ecosystem. It presents one of the easiest methods to create your own cryptocurrency. One of the reasons it is extremely easy, in addition to the entire Ethereum ecosystem being extremely user-friendly, is that you do not have to go through the cumbersome process of creating your own blockchain.

A key aspect that governs cryptocurrencies and an integral feature of every blockchain is the concept of smart contracts. Smart contracts are conditional self-executing programs that are designed to keep up the integrity and security of every aspect of the blockchain. It is the complexity of these smart contracts that determine the difficulty that goes into creating your own blockchain or your own cryptocurrency for that matter.

Therefore, if you’re talking about a simple method to create your own cryptocurrency, in essence, we are talking about a simple smart contract that does not involve too many complex variables.

For simplicity’s sake, let us take the most basic case of any currency-updating balances, calculating deposits and withdrawals. In essence, there are only four methods to be implemented – checking of balances, creation of tokens, destruction of tokens, and transfer of tokens. 

A cryptocurrency in Ethereum is as simple as a data structure that denotes the balances on each account and a series of functions to manage the balances.

Breaking it down…

What has been illustrated above is an example with the Ethereum blockchain and compliant with the ERC-20 standards. There are different blockchains and different standards that you can use to create your own cryptocurrency.

One of the most common ways of creating a new blockchain is a technique called forking. Using forks of some of the most common blockchains like bitcoin to create new cryptocurrencies have resulted in manifestations like the bitcoin cash.

Just because a technology backing something is extremely complex, it doesn’t mean that all the manifestations of the technology are essentially in the same level of complexity! Take your car for example. You might not know the intricacies that go behind creating such a stunning piece of engineering. However, even without knowing the head and tail of it, you could be an expert driver!

Such is the case with blockchain technology and cryptocurrency. Given the fact that cryptocurrency is looked at as one of the biggest game changes for businesses in the near future, it is important for business people to understand the basics of cryptocurrencies and tokens.


Any organization or any business leader who fails to keep up with the changing times and technology is bound to go down the long and dangerous spiral of becoming irrelevant and obsolete in this competitive landscape of business. Therefore, it becomes rather imperative on the part of businesses and business leaders to ensure that they are up-to-date with latest technologies like the blockchain and its manifestations like the creation of new cryptocurrency.

We understand that while the basics might be easy to learn, creation of a completely new cryptocurrency might be a cumbersome hassle. However, you can always get in touch with cryptocurrency development companies and they will help you create comprehensively new cryptocurrency with all the features that you will need. It will feature a full-fledged smart contract that will ensure that there are no lapses in its functionality or security. There are quite a lot of cryptocurrency development companies in India, the United States, and Malta which can surely provide the essential cryptocurrency development service that your business would require!

Algorithmic Trading Software

Find the Right Algorithmic Trading Software For Passive Income

Passive Income

Algorithmic trading software is the key to success in the trading business. If you are not using any then it is time to get one. Almost 70-80 percent of online trades are done using algorithmic trading software. The benefits of it go beyond automation. That’s why you will find multiple trading software available in the market. However, in order to maximize profits, you need to pick the right one. But how would you know which one is right? Well, in this guide we will discuss in detail how you can pick just the right kind of software for your trade.

What is algorithmic trading software?

Algorithms have many uses in the present world. In simple terms, an algorithm is a set of instructions based on a strategy. Algorithms follow those instructions. Subsequently, algorithmic trading software is computer programs. They follow the predefined strategy for the execution of trade orders.

Algorithmic software identifies the trade opportunity with the potential of profit. It executes trade to maximize earnings. The process takes only milliseconds to complete. At this fast pace, traders using the software have a huge advantage over those who are themselves reading charts and making trades.

Read More: How to Get Your Money Back from a Scam – Show Them the Power

Reasons for Using Automated Trading Software:

Here are the benefits attached to automated trade:

  1. Speed:

Algorithmic trade is way beyond the speed of a human being. Software is quick to catch signals and executed trade accordingly. Additionally, good software will analyze multiple indicators at the same time. As a result, options for profitable trade increase. Moreover, the software is especially beneficial in scalping strategy where traders try to make maximum successful, small trades.

  1. Accuracy:

The factor of human error is always present when you are trading manually. For instance, you may accidentally enter the wrong stop loss figure. However, the algorithmic trading software will never make such a mistake. Therefore the level of accuracy is high with its use.

  1. Emotionless Trade:

Software, as you know, doesn’t have emotion. While humans have plenty of them. In the trading business, where the market is volatile, emotions can rise to fights. Humans are more likely to make wrong decisions in such situations. On the other hand, automated software will go on with its predesigned strategy. It will not get off track or worried as a result of a few failures. Consequently, one consistent strategy will bring fruits in the long run.

  1. Backtesting:

In manual trading, traders don’t have the leverage to know whether a certain strategy will work or not. Nevertheless, best automated trading software provide this opportunity. You can run the software on past data to see the response. That way you can know exactly how effective the software would have been. Afterward, you can make trading live.

  1. Reduced Cost:

Monitoring the markets takes time and money. Traders have to sit in front of computers all the time observing market swings. But, with software monitoring is done automatically. Additionally, transaction cost reduces. Hence algorithmic trade saves both cash and time.

  1. Increased Efficiency:

All of the above-mentioned processes increase the efficiency of trading. Every time you run the software live, it brings you results. It is both time-saving and cost-saving method of trading. Furthermore, you can trade 24/7 without physically being in front of the computer during that time. Hence new traders should give the algorithmic trading platforms a shot.

Picking the Algorithmic trading Software:

Every trader has unique needs according to their approach towards trade. Some want to make the living out of it while for others it is a side hustle. You should know your category. Subsequently, you will be able to pick the software that caters to your needs.

Traders have two options:

  1. Build a Software
  2. Purchasing one from market

Building a trading Software:

Building software has its own benefits. You can customize it according to your needs. However, it demands skills. You should have a strong grasp of programming languages for building software. It will require time and effort. As you are building it for yourself so only you can identify bugs in it. Run it as a test for multiple times. Eliminate loopholes and build a strategy into it. Without strategy automated trading software is worthless.

Succinctly put, you should weigh the pros and cons of building algorithmic trading software before opting for this option.

Read More: How Secure is Blockchain and Cryptocurrency Technology?

Purchasing Software:

Sofware are good if they do exactly what you want them to do. Otherwise, risk factor is also high with algo trading. Here we will jot down some key features that you should look for in trading software:

  1. Know your Psyche:

Experts say that the biggest enemies of traders are traders themselves. The reason for that is impulsiveness and impatient behavior which comes naturally with few bad trades. To this end, you should know that haste makes waste. Millionaire traders fascinate everyone but they didn’t earn all their wealth overnight. So, you too should be disciplined enough to go with one strategy for a long time. Moreover, pick an algorithmic software that suits your trading strategy.

Master your own psychology. Know whether you will go for bog profits only or intent to make small successes. Algorithmic software should assist you in this and not go counter to your plan. Therefore trader’s psyche is an important consideration in picking the right software.

  1. Pick the trading strategy:

Now that you know what kind of trader you are, pick a strategy for yourself. The algorithmic trading software should run with that strategy. For instance, if you want to buy the dip and hold then algo software should do the same without you constantly monitoring it. Do research on strategies. Grab ones that are little known but work like magic. However, once you have selected a software based on a particular strategy then stick to it. The frequent change of plan can cause harm to your overall capital. Therefore, patiently wait for profits to start rolling in.

  1. Customization Feature:

The ready-made software from the market are complete packages in themselves. Nevertheless, traders want room for customization. Software builders may not have encountered certain issues that users do. Therefore, customization can solve these newfound problems. Additionally, this feature gives a personalized feel to the software. For example, the moving average (MA an indicator) cross over number can be customized by users to see where the trading market is going.

Another configuration tool is leverage for coding into the software. You can write programs using C++ or Python. While buying the algorithmic trading software look for the extent of customization it offers. Best algo software have a high degree of customization.

  1. User Experience:

The trader will have to eventually interact with the software for starting the trade. Better representation of data makes it easier to analyze different factors. For example, trading indicators are shown in the form of graphical charts. An understandable pattern and easier navigation through different points yield better results. Hence don’t underestimate the importance of visual appeal of software. Choose the one with an excellent User interface and user experience.

  1. Difficulty:

A complex and difficult to understand software will increase your problems. Remember, the best automated trading software is supposed to amplify your earning. So, it should do so by a simple and transparent process. Read the manual of software and run the trial version to get hands-on experience with it.

  1. Backtesting Feature:

This feature is a way to assess the performance of a particular strategy. With the help of the backtesting feature, users run the strategy over the historical data to see how the software would behave. However, you need to have historical data for this to work. Subsequently, you can see the profit margin. Backtesting gives you a chance to manage risk prior to running software on actual real-time data. There are two types of backtesting, event-based and research-based. Choose an algorithmic trading platform that is compatible with both.

  1. Cost:

The price of algorithmic trading software is different based on their functionalities. You have highly-priced software as well as free of charge software. However, as a trader, you should pick cost-effective yet efficient software. Don’t compromise on quality. For instance, digiebot is excellent automated trading software. It may seem costly but its services are worth subscribing to. The point is, spend your money on software that works for you.

  1. The Reviews:

Last but not the least important consideration for choosing the best algorithmic trading software are reviews. Reviews make it easy for you to make a decision. People who have used the software before you can identify the loopholes, bugs, or any other problems. It gives you a heads up on what to expect. Some software providers like digiebot have customer reviews listed on their site. However, you can research the best algorithmic trading software reviews through search engines as well as social media.


Choosing the right algorithmic trading software is difficult. But, once you have made the right call then it is all good for you. So, know exactly what you want. Look closely through the services sections of the software. Do complete research, count your capital, and go for the software with best reviews. Nevertheless, keep monitoring the performance. The ‘set and forget’ strategy can be detrimental. Hence work smartly to increase the flow of your passive income.

Check out this article: What is Cryptocurrency? Know All About Cryptocurrency

Cryptocurrency Types

Cryptocurrency Types & How is it Traded


Cryptocurrency is a recently used electronic money that has gained rapid popularity in the digital world. This digital asset is traded by many countries to secure and safeguard its financial standings. The creation of cryptocurrency is due to various reasons; it has been created to control the establishment of extra units, digital asset verification, and secure financial position in the market. A cryptocurrency is established for exchange, and many countries have made it official to use cryptocurrency as a medium of buying and selling. This step makes it more than a virtual exchange element.

A crucial cryptocurrencies feature is that they are usually not distributed by any dominant authority, interpreting them hypothetically resistant to administration intrusion or handling. Encryption techniques were used to frame the cryptocurrency, which was incorporated to strengthen the trading network. There are various reasons due to which cryptocurrency is subjected to criticism, and these factors include a weak underlying infrastructure that backs the concept of cryptocurrency, the rate of exchange volatility, and unauthorized activities. Although, the idea of cryptocurrency also got appreciated for its transportability, divisibility, price increases confrontation, and transparency.


Cryptocurrencies may be taken as virtual token money, which enables the buyer to trade the virtual money safely with better returns, cryptocurrency trading is indicated by the entries done in the electronic ledger externally.

The word “crypto” means a different type of encryption algorithm, and to secure the gates of cryptocurrency cryptography is used, the entry technique can also be called elliptical curve encryption, hashing operations, and private-public vital pairs. Cryptocurrency creators shape these procedures on progressive mathematics and principles of computer-based engineering that reduce them almost intolerable to breakdown virtually, and therefore to replace or forged the secured currencies.


The best cryptocurrency exchange is also manifest by sparse control. Cryptocurrencies’ supply, stock, and worth are manifested by the activities the users of cryptocurrency perform an incredibly multifaceted protocol constructed within their leading codes; this is not the conscious choice of regulatory authorities of government itself.


The limited supply chain categorizes various cryptocurrencies which do not include all the variants of cryptocurrencies. Cryptocurrencies source codes cover all the commands demarcating the exact number of units that may or definitely will exist. With time, for a miner, it becomes harder to establish the groups of cryptocurrency till the time the higher limit is touched and the new currency finish to be imprinted altogether.

Cryptocurrencies’ limited supply makes it integrally deflationary additionally similar to gold and various other metals that are considered precious of which limited quantities are present than authorized currencies, the currencies that can be generated by the central bank in unlimited amount.


Various kinds of currencies exist in the trading market today, some of them are Ethereum, Litecoin, ripple, colony, and bitcoin, etc. These are the cryptocurrencies that have generated its popularity in the trading market for various reasons. In the present time, different types of cryptocurrencies have taken over the market, and each has a diverse value than the proceeding.

Bitcoin remains to be the most valued and popular in terms of its value in the market. Most of the cryptocurrencies available in the market today are considered to be the clones of bitcoins, and some of them are framed from scratch that is not much popular than bitcoin. The cryptography, which is incorporated in the cryptocurrency, currently was initially established due to the military application. The government initially wanted to put limitations on the trade of cryptocurrency, but due to private rights, it was not executed.


The people in the entire world buy and sell cryptocurrency through forex; through this platform the fiat currencies are traded all around the globe the trading continues 24 hours a day. This allows users to have the best cryptocurrency trading experience if they use their intellectual abilities wisely. If you secure enough funds, you can bCryptocurrency Typesuy cryptocurrency on the trading is highly essential for users to visit providers that are reputable to have guaranteed trading experience.  The DEX (Decentralized exchange) vanishes the broker, which means you can exchange person to person; this allows you to generate more returns.


Cryptocurrency trading is still subjected to a lot of criticism, and different users have diverse views upon the matter in question. Ideally, all the interested users should do extensive research on the cryptocurrency they are interested in buying so that they do not have to bear any severe loss. A reliable exchange platform is a key and prime step in making efficient returns, the buyers should invest their time in researching about the platforms that can benefit them to the maximum.

Investing in Cryptocurrencies

4 Advantages of Investing in Cryptocurrencies

The birth of bitcoin in 2009 opened doors to investment opportunities in a whole new kind of asset class – cryptocurrency. Many entered space early.

Intrigued by the immense potential of these nascent but promising assets, they bought cryptos at a low price. Therefore, the bull run of 2017 saw them become millionaires/billionaires. Even those who didn’t bet much reaped decent profits.

Three years later, cryptocurrencies are still profitable and the market is here to stay. You may be an investor/trader right now, or you may want to take a picture of it. In any case, it makes sense to be aware of the benefits of investing in cryptocurrencies.

Cryptocurrency Has a Bright Future

Credit and debit cards will become obsolete, according to an Imagine 2030 report released by Deutsche Bank. They will be replaced by smartphones and other electronic devices.

Cryptocurrency is no longer seen as an oversight but as an alternative to existing monetary systems. Their advantages such as security, speed, minimum transaction cost, ease of storage, and communication in the digital age are recognized.

Concrete regulatory guidelines encrypt and accept cryptocurrencies. The report predicts that by 2030 there will be 200 million users of cryptocurrency wallets and by 2035 around 350 million.

Increased Profit Potential

Diversifying is a basic rule when investing. Especially at a time when most assets suffered heavy losses due to economic problems caused by the COVID-19 epidemic.

While Bitcoin investment returned 26 percent from last year, gold returned 16 percent. Many other cryptocurrencies have seen a three-digit ROI. The stock market, as we all know, has had an unpleasant performance. Crude oil prices fell sharply below zero in April.

The inclusion of Bitcoin or any other encryption in your wallet protects the value of your fund in these uncertain global market conditions. This fact was also influenced by Paul Tudor Jones, director of the Billionaire Investment Fund when he announced his intention to invest in Bitcoin a month ago.

No Paperwork or Formality Required

You can invest in Bitcoin or any other cryptocurrency without unnecessary terms and conditions.

Unlike conventional investment options, where a large amount of documentation is required to prove that one is a “credible investor”, crypto investing is free for everyone. In fact, that was the goal of cryptocurrencies. Democratize money/finance.

Sole Ownership in Investment

When you buy bitcoin or any other cryptocurrency, you become the sole owner of that particular digital asset. The transaction happens in a peer-to-peer arrangement.

Unlike bonds, mutual funds, stockbrokers, no third party ‘manages your investment’ for you. You call the buying and selling shots, whenever you want to.

User autonomy is the biggest benefit of cryptocurrency systems that provides incredible opportunities to invest and build a corpus on your principal capital ‘independently’.

These were some of the benefits of investing in cryptocurrencies. We hope you find them useful and convincing enough to kickstart your crypto investment journey.

Read all about what is cryptocurrency.