On the crypto market, fluctuations in the BTC rate affect the dynamics of other cryptocurrencies. Therefore, a sharp decline in the price of the main digital coin can provoke an even more fierce sale of altcoins.
Altcoins can also be hampered by regulators. Recently, we saw how the US Securities and Exchange Commission (SEC) lawsuit against the Ripple leadership brought XRP down. Similar actions in relation to cryptocurrencies can hit the credibility of the industry.
Leading analyst at 8848 Invest, I am sure that the altcoin season has already lasted from the beginning of autumn, and has now reached an intermediate stage.
At the moment, the most capitalized tokens have formed medium-term price highs and are ready for a price correction
No, not much. Link all successive operations to each other. Ensure successful completion of operations (record them in the database) or, in case of at least one error, rollback the entire transaction. They guarantee the cancellation of all pending operations at the time of a software or hardware failure with an incorrect completion (hang) of the transaction. [/quote]They also provide high performance of transaction processing (for example, OLTP) with simple queries and a large number of users, and guarantee the accurate delivery of data sent by telecommunications.
Masternodes can be launched independently, but in this case, you will have to monitor its performance, server and other details around the clock. If a node goes offline, after recovery it will be at the end of the reward queue.
What to do after purchasing a masternode?
Relax. Ideally, forget about the investment for at least a couple of days and stop checking the courses every five minutes. The service is automatic, the network operates in strict accordance with the code.
Even if the masternode goes offline, sooner or later it will receive a reward.
Post
Topic
BoardAnnouncements (Altcoins)
Re: [ANN] Workbit - Freelance platform
by
Rufus
on 08/01/2021, 18:14:59 UTC
There are over 2,000 cryptocurrencies in existence today. Relatively few of them support masternodes.
At the beginning of the era of cryptocurrencies, mining was super profitable. An ordinary processor was enough to mine bitcoin, and as many as 50 coins were given for a solved block. Nowadays, the main cryptocurrency can be mined only with the help of expensive ASIC devices.
The threshold of entry has increased, and the niche itself is no longer so attractive. An alternative to this solution is masternodes.
In order to get this kind of stablecoins, users block a special cryptocurrency in the contract, which then issues a certain number of requested coins.
In the future, to return the collateral, users send stablecoins to the same contract for reverse currency exchange (taking into account various commissions or interest rates).
Algorithmic stablecoins are not pegged to fiat or cryptocurrency. Instead, price stability is achieved solely by algorithms and smart contracts that manage the delivery of the token issue.
From a functional point of view, their monetary policy has similarities with the management of national currencies represented by central banks.
The crypto-backing of stablecoins mirrors their fiat counterparts, with the main difference being that the cryptocurrency is used as collateral. However, due to the fact that cryptocurrency is digital, only smart contracts handle the issue of units.
Crypto-backed stablecoins minimize the necessary trust, for this reason it should be noted that their monetary policy is determined by the voters, by analogy with government structural elements.
In this case, you cannot completely trust the issuer, but you believe that all network participants will always act in the interests of users.
Stablecoins are digital assets designed to mimic the exchange rate of fiat currencies such as the dollar or euro. They allow the user to quickly and easily exchange stable currencies anywhere in the world.
As a medium of exchange, cryptocurrencies are technologically more convenient. However, fluctuations in their value ultimately made them an extremely risky investment opportunity as well as an inconvenient means of making payments. By the time the transaction is completed, the value of the sent coins may differ significantly from the original.
In turn, stablecoin does not have such a problem. This type of asset tracks insignificant price movements and changes in the value of the underlying asset or the fiat currency that they emulate. As such, stablecoins act as a safe haven asset amid volatile markets.
The coin developer determines the size of the reward in blocks, the total number of coins, how and when should the coins be distributed?
If you can design a coin, you can set your own rules. You can encode most of the coins in 1 block and mine it all yourself before your blockchain goes live.
Premining is also known as private mining or self-mining, which is a way to accumulate large amounts of coins. This process is carried out by developers within the company in a short period of time with a low level of complexity.
That is, they can mine the entire amount of coins in the genesis block and mine it to their wallet, or can they mine a certain amount of coins up to a certain block height?
Post
Topic
BoardAnnouncements (Altcoins)
Re: [ANN] Workbit - Freelance platform
by
Rufus
on 06/01/2021, 18:08:14 UTC
Why do you need a premine, besides setting the price of the token?
For this you need to have experienced marketing team. I checked the team on site, and I can't understand, which of them are responsible for marketing direction.
to be honest, I didn't understand either few info about the team on site. Only something about Jacques, and it's all.
I don't argue. I haven't any idea about their marketing bugdet. But I think if they have already started this project, then there must be some groundwork
Right. However, the value of the budget is also exaggerated, you can use a small budget competently
If they will finish their product ar expected terms, there will be no problems with functionality. But Worbit will need to attract more users to their platform.
For attracting more users they also need huge marketing budget. And time, for earn reputation - as safe place for employers and freelancers.