Take a look at our Monero CFDs trading page if you are interested in trading Monero. Some platforms take on a more specific purpose.

The blockchain technology allows a wide array of functionality but for some reason, most major networks seem to be focused on financial services and transactions. TRON takes a different approach and offers a platform for the distribution of entertainment content.

Because of the ability of the blockchain technology to eliminate the need of middlemen in such transactions, the new technology is a perfect fit for such service.

Find out more about TRON on our TRON educational page. While many cryptocurrency platforms have taken on the issue of scalability, some have been more successful in achieving the goals than others. IOTA is a perfect example of how a platform can handle these issues. It uses a slightly different blockchain to offer the network participants free transactions regardless of the size of the funds transferred.

Furthermore, the system can handle any number of transactions in a given period of time, which means less waiting time for confirmation. Our IOTA educational page describes this solution in more detail. The decentralization of blockchain is its greatest asset but it is also the source of some of its shortcomings.

For example, in a decentralized environment, there is no decision-making authority which can guide the platform in the right direction. This gives rise to inflexibility issues which make it hard to adapt to the changing regulatory environment. DASH was born as a fork of the Bitcoin network and has adopted a novel approach to how blockchains operate. For a detailed description of these solutions check out our page on DASH. With the increasing popularity of cryptocurrencies, providers of associated services have also seen increasing success.

Cryptocurrency exchanges play a central role in the cryptocurrency ecosystem. They allow traders and investors to become involved with the currencies without hosting the blockchain. Binance is one of the most successful digital asset exchanges. It has leveraged the capabilities offered by Ethereum to offer an ERC token of its own called Binance Coin. This token gives users some benefits when using the services of Binance. To find out more about the coin check out our educational page on Binance Coin.

NEO is another platform which focuses on the smart contract functionality and allows users to build applications using its technology. What differentiates NEO from the other platforms is that it supports various common programming languages such as Java, Python and Javascript to allow a wider array of network participants to use its services. If you are interested in finding out more about the platform, take a look at our NEO educational page.

What is the world of the internet and technologies without jokes and memes? Although dogecoin might be based on an internet meme, its adoption and technical specifications are quite serious. Unlike most major cryptocurrencies, Dogecoin is an inflationary cryptocurrency. Most cryptocurrencies have a hard cap on the number of coins that can be produced which makes them deflationary currencies.

Our Dogecoin page takes a look at what this entails for the platform and what consequences it could have for the holders. While the blockchain technology itself is very new, there are platforms that offer even more innovation by modifying certain aspects of the traditional blockchain.

It is not surprising that the technology is evolving at a fast pace as the customer needs continuously shape the direction in which the platforms are headed. NEM is one of the cryptocurrencies that offers new features of the blockchain technology. In the case of NEM, these features include the proof-of-importance algorithm, which supplements the proof-of-work algorithm present in most major blockchains. In addition to this, NEM also offers multisignature accounts and encrypted messaging. Sometimes new blockchain platforms are born through unfortunate circumstances.

Because the technology is so new, many are still figuring out how to handle it securely. Some avid enthusiasts of the Ethereum blockchain who believed in the immutability of the network and wanted to keep the platform unchanged decided to keep using the unforked Ethereum blockchain which became known as Ethereum Classic.

The platform has a very interesting story and background which you can check out on our Ethereum classic educational page. Tezos is described as a self-amending cryptocurrency ledger, which means that its protocol has the ability to evolve and change over time depending on the requirements. This makes Tezos one of the most unique platforms. In addition, the network prides itself on being built from the ground up and not based on Bitcoin or Ethereum like many other altcoins.

Our page on Tezos offers more information on these issues as well as some of the problems with the management the network has faced over time. Much like Monero, Zcash focuses on the privacy issues and offers its users an option to disclose information about their transactions selectively.

Allowing users to make a choice is also important for regulatory purposes. Find out more about the technologic features of Zcash on our Zcash educational page. As cryptocurrencies became extremely popular, many people started to become involved with the technology in some capacity.

While some decided to invest in these coins directly, others took their chances with the mining. The skyrocketing prices of these digital assets also made mining extremely profitable. As a result, manufacturers of hardware started to focus on customized chipsets that would be designed to target the mining needs specifically. In the case of Bitcoin, this hardware would become known as ASIC miners. As the name suggests, Bitcoin Gold is a fork of Bitcoin.

It aims to restore the mining functionality to Graphics Processing Units and eliminate the advantages of ASIC miners. Forex and cryptocurrency platforms are both highly accessible, yet cryptocurrency slightly more so — offering full functionality around the clock.

Forex markets are available only on weekdays, with limited or zero accessibility over weekends, depending on the nature of desired trades. A standard trading pair involves two fiat currencies, such as USD or GBP, and wagers on their value against one another. Forex trading was inspired by the 19th century practice of valuing a currency in relation to gold. If you wish to trade the leading cryptos like BTC, ETH, BCH, and others, you need to choose a reputable and reliable trading platform like PCEX Member.

It is a very safe and easy platform for beginners, with advanced tools to take your trading to the next level. Cryptocurrencies, on the other hand, were not even there a decade ago and none of them are pegged to a specific nation or bank. They rely on the combination of their own utility and speculative belief to derive value. The usefulness of a digital currency can vary wildly and various cryptos are coming up with multiple projects. On the whole, crypto trading is easier to understand but is also extremely volatile.

It is more susceptible to market trends than world events, making it much harder to formulate a solid trading plan. With the above in mind, how do you determine your optimal investment market? Before a decision can be reached, you need to study the similarities and differences between the two opportunities to find the one best suited to your personal circumstances and investment goals. A private currency is a limited and non-legal tender issued by a private firm or group as an alternative to a national or fiat currency.

Bitcoin is a digital or virtual currency created in that uses peer-to-peer technology to facilitate instant payments. It follows the ideas set out in a whitepaper by the mysterious Satoshi Nakamoto, whose true identity has yet to be verified. Production of any cryptocurrency is online and with proper authorization, secured by making use of cryptography. The security of crypto is high, which also makes it hard to forge a fake transaction.

Basic Cryptocurrency wallets can be created without any verification or identification. The quarterly report often corrects the stock price to better reflect reality. If giant corporations issued crypto its value would be almost static, like that of air miles. The U. government is working to help American miners and battery makers expand into Canada, part of a strategy to boost regional production of minerals used to make electric vehicles and counter Chinese competitors.

Department of Commerce held a closed-door virtual meeting with miners and battery manufacturers to discuss ways to boost Canadian production of EV materials, according to documents seen by Reuters.

A source who attended the meeting said there was no indication that the Commerce Department would offer financial incentives for new mines or other supply chain components in Canada. Are you deciding whether trading FOREX makes sense for your portfolio? Trading platforms for currency traders are plentiful, and some platforms are easier to use than others. Essentially, you log on to your chosen platform where you can do research, track prices, and initiate buy and sell orders. Like we already mentioned, forex refers to the foreign exchange market where different kinds of foreign currencies are traded on a global level.

Like cryptocurrencies, Forex too has rapidly flourished due to significant technological advancements. In fact, such is the popularity of Forex, that it is now traded online. The volatility of the crypto market and liquidity of the forex market suggests that traders need to use different trading strategies for both markets.

It seems every passing month there are more and larger significant players in the market from the financial world. Instead of a quarterly financial report, there would be a real-time second-by-second financial report. Insider trading would be impossible because the outsiders would know as much as the insiders. Although we suspect that will happen in the near future, what with many institutional investors trying to get into the market.

Before investors ever get to decide what to trade, they have to understand the fundamental difference between fiat currency and cryptocurrency. So without further ado, learn more about the top cryptocurrency projects that every forex trader should know. Bitcoin was the first digital currency to scale and gain widespread adoption. It is a decentralized peer-to-peer payment system that interested parties can use to make transactions without going through a third party, for example, a financial institution.

This cryptocurrency uses a distributed ledger called the blockchain, which contains a record of all transactions. The blockchain is both decentralized and immutable, which helps improve transparency and safeguard against fraud. BTC, which came into existence in and was developed by a person or group that went by the pseudonym Satoshi Nakamoto, has grown from a fringe concept to a highly visible digital currency.

BTC exhibits consistent volatility, which makes it a prime target for active trade on both the cash and CFD markets. With such large trading ranges and sudden swings in pricing, BTC is one of the top cryptocurrency projects that every forex trader should know. Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply. Ethereum is a blockchain-based platform that interested parties can use to develop decentralized applications dApps and send value to one another.

The platform's applications use the native digital currency Ether ETH. In contrast to BTC, the purpose behind this crypto is not to revolutionize the transfer of money between parties but to truly decentralize the internet. It is the second-largest digital currency by market capitalization. ETH's potential for upside has attracted the interest of many market participants and forex traders.

At the time of this writing, over exchanges offer ETH trading. The upcoming Merge upgrade will finally switch the network from a Proof-of-Work PoW mechanism to Proof-of-Stake PoS , making it faster, more energy efficient, and more scalable. Building on the network and using it for all its application would then become much more efficient, increasing the demand and value for ETH.

Further, an individual unit of ETH is far less expensive than a unit of BTC, as its price is less than one-tenth that of the world's most prominent digital currency.

Trading Education are experts on cryptocurrency and trading and know exactly how to explain cryptocurrency trading in a way any novice can understand it. The cryptography part is because cryptocurrency is encrypted which protects it from being hacked, stolen or manipulated. Different banks, governments and institutions have all named cryptocurrency in different ways, such as digital currency, cyber currency and virtual money.

You can find a list of other cryptocurrency-related terms here. The first cryptocurrency that ever came into existence was Bitcoin in , around the time of the last major recession.

Bitcoin was created by a mysterious figure or figures who called themselves Satoshi Nakamoto. To this day, no one knows who they were, vanishing at some point in December , Nakamoto never spoke about themselves.

It is assumed that Nakamoto had some background in the cypherpunk movement, an online community that believed in using cryptography to incite political change. Many people have come forward claiming to be Satoshi Nakamoto or have been outed by others, but there is still no concrete evidence for any of these claims.

Since the advent of Bitcoin over 2, different cryptocurrencies have been created. Some are clones of Bitcoin with added features or changes. It is highly likely that most of these other cryptocurrencies will not succeed.

One of the first altcoins was Litecoin which came to life in This is basically where a new blockchain is created, splitting the original into two. The creation of Bitcoin Cash from the Bitcoin blockchain is one of the most well-known hard forks. Some have commented that such a dramatic event can compromise the security of a blockchain , though it is usually done in an attempt to improve scalability and speed. There is also a phenomenon called a soft fork , which is a backwards-compatible update to the blockchain.

A key thing to learn about cryptocurrency is the philosophy behind it. Cryptocurrencies were largely created to become an alternative not just to currency, but also to the banking system we have in place. They aim to get rid of the middlemen , third parties that profit from facilitating transactions. To make it more complicated, your friend has an account with a different bank than you.

First, it is taken from your account to your bank. International transfers can make things even more complicated and may involve even more banks.

Cryptocurrencies aim to remove this problem by being direct and cutting out all the middlemen. By using cryptocurrency, a transaction can go straight from you to your friend. Cryptocurrencies, in most cases, do not have a central authority like a central bank. There is not usually someone in control of how the cryptocurrency is used or new coins created. Many cryptocurrencies are created by developers through a non-profit foundation or company.

They can issue or in some cases destroy cryptocurrency. The reason cryptocurrency may be destroyed is to regulate the price.

Blockchain was another concept created by Nakamoto, and in some senses is exceeding cryptocurrency in mass adoption. All beginners should know the basics of blockchain. It can be used by a wide range of industries from logistics to finance and law to hospital records. Blockchain is quite simple to understand. In short, information is put into a block and encrypted. This information within the block then needs to be decrypted by someone and only then will the block will join it to a chain of other blocks.

Most cryptocurrencies that use blockchain technology also have a publicly distributed ledger which is where all transactions are stored and can be viewed by anyone. But not all cryptocurrencies work in the same way. One of the biggest differences is between proof of work PoW or proof of stake PoS. Proof of work and proof of stake are the primary two algorithms used to validate transactions on a blockchain.

Proof of work was the first algorithm used for cryptocurrency and works on the Bitcoin blockchain. Proof of work is often cited as the most secure algorithm. Mining is the process of validating blocks by completing complicated mathematical equations. Simply put, the first computer node , that can complete it gets a reward , usually in the form of newly minted coins for their work. On top of that, miners receive a fee from validating transactions as well.

Transactors can raise their fee to increase the likeliness of miners validating their transaction. Mining does have problems though. The primary being the amount of energy it uses to validate blocks. Some believe that Bitcoin mining uses the same amount of power as the nation of Columbia , which has a population of 50 million people. Not only does this making mining very expensive, but it is also very harmful to the environment.

Another issue with mining is that although it was designed to be decentralised, it has become very centralised with mining pools controlling most of the power and influence on the blockchain. Some claim that Bitcoin is very centralised and is largely controlled by four mining pools which are mostly based in China. Some cryptocurrencies have a maximum supply of coins that can be created.

Bitcoin, for example, has a maximum supply of 21 million coins. As Bitcoin gets closer to reaching that point, mining difficulty increases, which means it becomes harder and harder to mine blocks and the reward decreases in size. When this point is reached, there will be no block reward for validating blocks. Miners will only collect fees for validating transactions. Some critics believe that this may result in the end of Bitcoin and other cryptocurrencies that have the same limitations as miners will move to cryptocurrencies with greater rewards.

Proof of stake came along after proof of work and is the second most used cryptocurrency algorithm. Instead, proof of stake is based on the stake that a validator has. For example, the more cryptocurrency you have the larger your stake in the network, the more you can validate. Proof of stake is often considered to be more effective than proof of work. Proof of work and proof of stake are not the only algorithms used in cryptocurrency. Over time, developers have become all too aware of the limitations of the two and devised new ways to overcome their flaws.

An interesting variation of proof of stake is delegated proof of stake DPoS which is used by EOS which centralises some control. Many of these new algorithms are still being developed and are in the early stages.

Until they reach full capacity, we will not know how effective they are. Not all cryptocurrencies are trying to do the same thing. But some cryptocurrencies are trying to do much more complicated things on top of that. Ethereum was the first cryptocurrency to bring more to the game.

One of the most innovative things they included was smart contracts. Smart contracts are essentially contracts written in code on the blockchain that execute certain functions when certain conditions are met.

Since then, many other cryptocurrencies are also competing in this space, which has the potential to change many industries. Along with smart contracts, Ethereum also brought along decentralised applications dApps. These are applications that are decentralised and use blockchain technology to work. These are cryptocurrencies that offer something in return for their use. A great example of a utility token is Binance Coin , a cryptocurrency that gives users a discount when they make a transaction on the Binance exchange.

Typically, such cryptocurrencies do not offer advanced features such as smart contracts or dApps. A stablecoin is a cryptocurrency that is designed to be as stable as possible in an attempt to mitigate the volatility usually associated with cryptocurrency.

At the time of writing, one of the most well-known stablecoins is Tether. Tether is supposed to be tied to the value of the US dollar, with all tokens having a USD backing it. Tether is not the only cryptocurrency tied to the USD though, several others are too.

A privacy coin is a cryptocurrency that is designed to be as anonymous as possible. Many operate with the choice to send a transaction anonymously or publicly.

There is some scepticism towards privacy coins as many people believe that people would only use such coins to perform illicit transactions. Such information can be used by those with bad intentions.

Three of the most well-known privacy coins include Dash , Zcash and Monero. Of the three, Monero is perhaps the safest and most anonymous and does not have a public ledger.

Privacy coins, unfortunately, have a bit of an image problem they need to solve before becoming accepted by governments and the general public. According to CoinMarketCap , the most highly valued cryptocurrencies to trade are the following:. Every beginner should know these top ten, though they do change a lot. You can check out the top cryptocurrencies on CoinMarketCap here where we have explained them all in one quick sentence. In most cases, you will get your hands on cryptocurrency by buying it from a cryptocurrency exchange.

You can also trade cryptocurrency as a CFD Contract For Difference through a broker. For many, CFD trading is preferred because they never own the underlying asset and cuts out having to store cryptocurrency , which comes with risks itself. Though, by using a CFD broker, you will not be able to use the cryptocurrency for any kind of transactions. You will only be able to buy and sell. Cryptocurrency faucets are places where people can get cryptocurrency for free.

These were very popular at the beginning, especially for Bitcoin.

Another benefit of trading CFDs is that it allows you to trade on margin, thus, offering greater liquidity and smoother execution. Coupled with moderate pricing, XRP is an ideal avenue for traders to engage in the cryptocurrency environment. Many people left their cryptocurrency in the exchange not realising how unsafe it was. If you remember anything from this article, make it these key points. Like we already mentioned, forex refers to the foreign exchange market where different kinds of foreign currencies are traded on a global level. Many are trying to compete in the same area: smart contracts; dApps; price stability; privacy; on-chain governance; etc. This makes it one of the top cryptocurrency projects that every forex trader should know.

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