DOGECOIN: First cryptocurrency that is 'literally' going to the moon.

by VISHAL CHAUDHARY Read in ... (-Words)

An Overview

The founder of dogecoin is Billy Markus, a programmer from Portland, Oregon. Billy wants to create a cryptocurrency that would be fun among the audience and gain popularity like bitcoin. The domain dogecoin.com was purchased by Palmer, an employee of the marketing team of Adobe Systems in Sydney when a student at Front Range Community on Twitter asked him to make this idea of a crypto coin a reality and decided to give it the logo of the popular doge meme.

Seeing this Billy Markus contacted Palmer and created a dogecoin cryptocurrency that is based on the existing cryptocurrency LuckyCoin. Like of LuckyCoin, dogecoin also uses scrypt technology in its proof-of-work algorithm with a network that can produce unlimited Dogecoins.

Why DOGECOIN getting popular day by day?

As we all know that out of a sudden we all are hearing news about dogecoin so much that it has sought the attention of everyone all over the internet such that everyone is talking about it and memers were making memes so many memes on dogecoin.
So let's know the reason for this popularity.
This popularity is due to the TWEETS of the most optimistic person of this century Elon musk. So due to his tweets, people start trusting in dogecoin and start buying it in bulk in such a way that its value has increased rapidly. This price increase also motivated the investors to invest more in dogecoin and get higher returns.

Let's look at this realtime data of dogecoin price.

Can we say Dogecoin as the future Bitcoin?

As of Bitcoin, Dogecoin also works on peer-to-peer transactions over its decentralized network but is maintained by different community.
Dogecoin is getting its prices higher and higher as it has a rich supply of coins,as it does not has limited mining capacity as of Bitcoin which is getting halved in every four years. Dogecoin also competes with Bitcoin on the basis of Transaction processing speed, as it takes only one minute for block time and on the other hand Bitcoin block takes 10 minutes block time, so giving a tough a competition to Bitcoin in all aspects and also, Dogecoin allows merge mining which allows one to mine Litecoin along with DOGE simultaneously.

So here is how you can get started with Dogecoin.

How to buy your first Dogecoin with cryptocurrency exchange platform CoinDCX?

With CoinDCX you can easily buy and sell the Dogecoin as this platform is Fast & simple, Easy deposit & withdrawals and Safe & secure.

So you can get started in these simple three steps.

And buy your first Dogecoin from Here.

Images Source: DogeCoin Website, CoinDCX Website.

Shiba Inu : Is DOGE Killer?

by SAHIL CHAUDHARY Read in ... (-Words)

What is Shiba Token?

Shiba Inu (token:$SHIB), also mentioned as Shiba Token, is a decentralized cryptocurrency created in August 2020 by an anonymous person or group mentioned as "Ryoshi". Shiba Inu is an ERC-20 token on the Ethereum blockchain, and is modeled off Dogecoin, it brands itself "the Dogecoin killer".Shiba Inu doesn't have any smart contract utility, neither is it backed by any asset or rights; it's simply a transferable token.
Started as a joke token SHIB is on the increase and is surging while major altcoins are tumbling within the crypto market. SHIB has gathered huge attention and has emerged together of the favored choices of investors.
It was also supported by an outsized community of individuals on social media like “REDDIT” & “TWITTER”. Recently, Vitalik Buterin has burned the half supply of Shibu Inu because the news of 40% token burn off went viral there was an incredible rise in prices.

What is ShibaSwap?

ShibaSwap is the decentralized cryptocurrency exchange platform that permits the exchanging process of Shiba Inu from other cryptoCurrencies.Various blockchain experts described it as a secure Place for the smoother function of exchanging process.
ShibaSwap gives users the power to DIG (provide liquidity), BURY (stake), and SWAP tokens to realize WOOF Returns through our sophisticated and innovative passive income reward system.

The Shiba Inu team launched a decentralized exchange called Shibaswap with 2 new tokens, LEASH and BONE.

Visit the website to know More. Click here.

Is it worth in Future, will Shiba Inu reach $1?

The price of Shiba Inu has stagnated recently and has traded approx at $ 0.00000080, which is 82% actually below the all-time high.
It is between the support and resistance levels at $ 0.0000056 and $ 0.0000096, respectively while the standard Range (ATR) has declined, says the Investing Cube.
It is expected that Self-claimed Doge killer, Shiba Inu can reach at 0.000085 dollars toward the finish of June 2021. If it continues to rise we will say that the value are going to be 0.0003 dollars in January 2022. By the calculations, there's a really low probability that it'll reach $1 by 2025.

How to buy Shiba Inu coin?

Buy the Shiba Inu from India’s largest cryptocurrency exchange WazirX, Binance, Zebpay, CoinDCX, CoinSwitch and many more.

Images Source: Shiba Inu Website, Wazirx Website.

Conclusion:

The potential for the long-term growth of Shiba Inu depends on a variety of factors: announcements, new technology solutions for SHIBA INU projects, legal position, and so on. As cryptocurrency performance is unpredictable and previous operations are not a guarantee of future performance. Think about your own situation, and then get your own advice, before relying on this information, you should also verify the character of any product or service (including its status and appropriate regulatory requirements) and consult with the administrator websites working before making a decision of buying crypto not only Shiba but any other digital currency.

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Pi Network (PI) Cryptocurrency : Mine on your SMART PHONES.

by SAHIL CHAUDHARY Read in ... (-Words)
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An Overview
Pi Network (PI) cryptocurrency is a digital currency that one can mine on smartphones. It was launched as a beta version on Pi day, March 14, 2019, by a professional team of PhD graduates from the very known Stanford University. It is a perfect option for those who have less understanding of the term cryptocurrency and tries to mine crypto. It quickly gained the interest of users who desire to be a part of a new social crypto network and Right now around 14 million people are mining on their smartphones and that's cool. Though the future of PI Cryptocurrency is not that clear, most research experts are very much relying on PI Network fate, as it has a great scope to grow in the world of crypto.

How Pi Mining Work and worth in Future?
The Pi developer's main idea was to create a user-friendly network, where people can form chains and mine coins at a minimal cost with a limited battery drain, using a mobile application as we all know that Bitcoin mining still demands huge expenses and power inputs, which is harmful to ecology.
Pi’s consensus algorithm builds on the top of Stellar Consensus Protocol (SCP). SCP has been formally proven [Mazieres 2015] and is currently implemented within the Stellar Network. Pi intends to permit devices of people to contribute on the protocol level and obtain rewards, including mobile phones, laptops and computers. Below is an introduction to how Pi applies SCP to enabling mining by individuals.

There are four roles Pi users can play, as Pi miners. Mainly:
1. Pioneer: This is often the initial level for all users and a contributor using the Pi mobile app.
2. Contributor: To unlock this level, it's enough to mine cryptocurrency for 3 days;
3. Ambassador: This rank is for users who invite other participants to hitch the Pi Network.
4. Node: A user who is a pioneer, and is also running the Pi node software on their desktop or laptop computer.

Although there are no exact price predictions of PI Network, some experts suggest that PI will cost around $0.16 after it list on an exchange. In starting we will predict it'll occupy an equivalent level. A great deal will depend on the number of clients and trades accepting or excluding PI coins through the exchange. If the bull case could see the price of Pi reach $1 if it launches by the end of 2021, according to crypto exchange Changelly. Over the longer term, the price could rise to $5 by 2025, Changelly predicts by the experts.

How To Mine The Coin!!
Step 1. Download Pi Network app from here.

Step 2. Set up with phone number or Facebook.

Step 3. Set up your Password.

Step 4. Set up your Account with your Full Name(as on your identity proof as it should be correct to get your coin in wallet) and Country your are from.

Step 5. Enter Invitation Code (required as it is a secure network)

. Use the code used by your friend if any or use my code(chaudhary9411).

Congratulations You Have Signed Up!!. Then tap the lightning icon on the right to start mining and increase your pi per hour by adding more member to ur network.

Image Source: Pi Website
Why to become a part of mining ?

○ A user-friendly, user who never know Crypto Currency can mine very easily.
○ The number of mined coins does not depend on the configuration of your device, the mining process of a coin does not require a high configuration device.
○ Users who contributed towards development by mining coin gets a reward.

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BLOCK CHAIN: The Samurai in the Technological World.

by VISHAL CHAUDHARY Read in ... (-Words)
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An Overview
In the recent technological trends, we all are hearing the term "BLOCKCHAIN" so much that it is generating curiosity among us to know more about this term.
So to make a deep dive into this topic, I have written this blog to help you understand what is this blockchain technology? Is there are any prerequisite in understanding the blockchain concept and why it is seeking the attention of the tech industry and even the government organisations for improvising their technological infrastructure and Is there are any drawbacks of this technology?

To answer all these questions, let's get a step by step procedure to understand this topic.

What is a BLOCK CHAIN?
As the name suggests Blockchain is a series or a chain of blocks that contains information.This method was originally described in 1991 by a team of researchers and was originally intended to timestamp digital documents in such a way that it is nearly impossible for anyone to reverse them or distort their content.In simple words it almost works like a notary system.
So here a question arises that What is this block in a blockchain?
In simple words, a block in a blockchain represents its data and value of its previous hash key with the help of which its hash key is generated and these hash keys are generated using various hashing algorithms like Secure Hash Algorithm 256 (SHA-256).
The first block of a blockchain is also known as the genesis block as it contains only data and on its basis,additional blocks are added to the blockchain.

This whole concept of blockchain is under the hood until it was used by Satoshi Nakamoto(presumed pseudonymous person) in 2009 to create the first ever digital cryptocurrency which is known to be BITCOIN.

Is there are any prerequisite to learn this technology?
As such, there are no prerequisites to learn this trending technology but if you are from a technological background, it will be helpful for you to understands its concepts easily but don't need to worry I have started from the basics.
So let's have a look at some of its core terms.

○ Cryptography
Cryptography is the concept of preventing the data or information from any third party to access it so that the information cannot be changed during the communication process.
Cryptography is made up of two words one is crypto which means HIDDEN and another one is graphy which means WRITING, so with the help of these two traits, our data is transferred securely.
I have explained this entire process of cryptography with the help of a diagram, so let's have a look at it.

○ Distributed Ledgers
This distributed ledger is made up of two words distributed and ledger. Here distributed means shared among different nodes or parties and ledger means database so distributed ledger are the databases that are shared across multiple sites or geographies locations and accessible by multiple people.
All transactions made in this system has the "Public witness" and has full transparency among all the people or nodes so that there is very little scope for any fraudulent activity. It is a decentralized system and if there is any change in the system it will be visible to all nodes instantly.
I have explained this distributed ledger system with the help of a diagram, so let's have a look at it.

Types of Blockchain:
There are mainly four types of blockchain which are used in different industries

1. Public Blockchain: This type of blockchain is open to all, non-restricted and anyone on the internet can go to the blockchain platform to become the authorized node of the blockchain network.
Public blockchains are mostly used in the mining of cryptocurrency and the most common public blockchains are Bitcoin and Ethereum blockchain.

2. Private Blockchain: This type of blockchain is permissioned and restrictive. Private blockchains are specifically used in an organisation or enterprises where only the authorized members can be part of the blockchain and can manipulate its resources.
Private blockchains have a more centralized system than public blockchains as most of the authorizations, permissions and accessibility are in the hands of the controlling organization. Eg: Hyperledger projects is the example of private blockchain.

3. Consortium Blockchain: This type of blockchain is used where more than one organization or firm are involved to maintain the whole blockchain network. Here the involved organisation can easily share the information in the network and can do mining altogether.
Consortium blockchains are mostly used by banks, government organizations, etc.

4. Hybrid Blockchain: This type of blockchain uses features of both private and public blockchain. The nodes in the network can decide which data to keep public and which data to keep private in the network. These features of a hybrid network enhance the security and transparency of the blockchain network.
Eg: Hybrid blockchain is Dragonchain.

As there are many advantages of this technology then there are some disadvantages also, so now with the last topic of the blog let's see some of the drawbacks of Blockchain.

1. The blockchain technology is very helpful but it is complex to understand the concepts and implement them in real world applications.

2. All the technocrats are saying that blockchain will soon replace the banking system and debit card or credit card. But when it comes to the speed of executing the transactions this technology is lag behind as VISA can perform 1000 transactions/sec whereas bitcoin can only perform 7-10 transactions/sec, so here it is a huge difference in the execution speed.

3. There is a huge wastage of resources while performing transactions and mining through the blockchain network.

4. The scope of hacking the blockchain network increases when more than 51% of the node are malicious so it is known as the 51% attack and can leak various crucial pieces of information.

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