Author: admin_efy_finance
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Are all cryptocurrencies highly volatile? What about stablecoins?
Not all cryptocurrencies are highly volatile. The volatility of a cryptocurrency refers to how much its value fluctuates in the market and can be measured using indices such as the Bitcoin Volatility Index (BVIX). Some cryptocurrencies, such as Bitcoin, have experienced large fluctuations in value and are known to be highly volatile. Other cryptocurrencies, such…
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What is the main difference between a Fiat Currency or Trust Currency and a Cryptocurrency?
A fiat currency or fiat currency is a type of currency that is issued and backed by a government or central authority. It is considered fiat because its value is not backed by a tangible asset, but is established by the central authority that issues it and is accepted as a means of payment in…
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How decentralization has given freedom back to financial users
The use of cryptocurrencies and the decentralization of finance have revolutionized the way individuals and businesses manage their money and conduct financial transactions. Decentralization has allowed financial users to have greater control over their assets and has eliminated the need to rely on traditional financial intermediaries, such as banks and credit card companies. But has…
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DAI, an algorithmic stablecoin
DAI is an algorithmic stablecoin, which means it is a cryptocurrency that is backed by a series of algorithms and protocols rather than an actual asset such as the US dollar or gold. This makes DAI stable in value and does not fluctuate as much as other cryptocurrencies. DAI works by using a network of…
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USDC, the most widely used stablecoin by institutions
USDC is a stablecoin, which means it is a cryptocurrency that is backed by a real asset. In the case of USDC, it is backed by the US dollar, which means that each USDC is backed by one dollar in the bank. This makes USDC have a stable value and does not fluctuate as much…
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Tether: the most widely used stablecoin in everyday life
Tether is a stablecoin, which means it is a cryptocurrency that is backed by a real asset. In the case of Tether, it is backed by the U.S. dollar, which means that each Tether is backed by a dollar in the bank. This makes Tether have a stable value and does not fluctuate as much…
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Ethereum: smart contracts, reliable and transparent value transfer
Ethereum is a cryptocurrency platform that allows people to create and execute smart contracts. But what are smart contracts and how do they work? Smart contracts are programs that run on the Ethereum blockchain and are triggered when certain conditions are met. For example, you can create a smart contract that sends you a payment…
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Bitcoin, the digital gold of the new era
Since its creation in 2009, Bitcoin has been considered by many as the “digital gold” of the new era. But what exactly is Bitcoin and why is it considered a form of digital gold? Bitcoin is a cryptocurrency, which means it is a decentralized form of digital currency. Because it is not controlled by any…
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Blockchain technology is revolutionizing the financial industry
Blockchain technology is revolutionizing the financial industry in many ways, but what exactly is blockchain technology and how is it changing the way we manage our money? Simply put, blockchain technology is a decentralized database that allows many people to share information securely and transparently. Each time a transaction is made on the blockchain, it…
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Why use cryptocurrencies and should I trust them?
Cryptocurrencies have gained great popularity in recent years as a form of decentralized digital currency. Although they are still a controversial topic in the financial world, there are many reasons why using and trusting cryptocurrencies can be beneficial.First of all, one of the main advantages of cryptocurrencies is their privacy. Because they are not controlled…