Showing posts from July, 2022

Mark Tencaten | the Expansion of Cryptocurrency use in Business

An increasing number of businesses worldwide are adopting bitcoin and many other digital assets for various transactional, operational, and investment needs. Like every frontier, there are uncharted hazards as well as compelling benefits. Mark Tencaten has examined some issues, and information businesses should consider when deciding whether and how to utilize digital assets. Why should anyone use crypto? An estimate from late 2020 states that more than 2,300 American businesses accept bitcoin, and that number excludes bitcoin ATMs. An increasing number of businesses worldwide are adopting bitcoin and other digital currencies for various transactional, operational, and investment needs. There are several potential difficulties associated with using cryptocurrencies for business. Like every frontier, there are both powerful temptations and unknowable risks. According to Mark Tencaten , organizations exploring the use of cryptocurrency in their operations should have two main thin

Mark Tencaten | Learn all about the DOGE cryptocurrency

The cryptocurrency Dogecoin (DOGE) was created in 2013 based more on comic inspiration than pressing the necessity to serve a particular use case. The "Doge" meme, which depicts a sitting Shiba Inu — a Japanese dog breed — with its paws crossed, served as the model for the cryptocurrency. According to Mark Tencaten , Dogecoin was inspired by the quirky and hilarious culture of the larger cryptocurrency ecosystem, which initially emerged in 2009 with the introduction of Bitcoin (BTC). Following Bitcoin, a blockchain-based asset with the ability to move and store value, dozens of other crypto assets appeared, each claiming to have additional advantages like increased privacy. Since the technology for Bitcoin is open-source, other projects have exploited it to develop their blockchains and digital assets. Software developers Billy Markus and Jackson Palmer created Dogecoin in hours using the Luckycoin code. In the years following the creation of Dogecoin, Palmer and Markus l

What are Stablecoins? Are they Solution to Cryptocurrency Problems?

Mark Tencaten explains that the utility of Bitcoin (BTC) and other virtual currencies as a means of exchange has been constrained by price volatility, which is why stablecoins, a more recent breed of cryptocurrency, are becoming more and more popular. The list of stablecoins has expanded since Tether (USDT) became the first one in 2014. In addition to Tether (USDT), Havven's Nomin, True USD (USDT), Paxos Standard, USD Coin (USDC), Digix Gold, and Binance USD. What are Stablecoins? A currency is most helpful when it serves as a means of exchange and a store of value, regardless of whether it is the U.S. dollar or Dogecoin. For those activities, price stability is essential. Because of this, authorities work to maintain a general level of stability in the prices of traditional national currencies. A daily movement of 2% in the forex market of fiat currencies is a massive shift. Mark Tencaten says that this does not happen in the Bitcoin world. During mid-November and mid-De