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5 Uniswap Facts You Must Know Right Now

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    The problem with crypto trading, and how many steps and fees it can incur, is one many people have tried to tackle. Until recently, the Binance blockchain was the most successful solution on the market, since its use of pegged tokens allowed people to easily trade between select cryptocurrencies over and over without incurring huge blockchain fees. For Ethereum and its plethora of tokens, however, there’s a new best service: Uniswap. 1.       What is it? Uniswap is a new, Ether-based, distributed currency exchange. Unlike centralized exchanges, that take customers’ buy and sell orders and offer prices based on them, Uniswap works without an order book, instead acting as a liquidity provider. 2.       How does it work? Uniswap’s liquidity provider system works by allowing people who have tokens to “lend” them to the system to give it liquidity. Each time a customer buys a token from uniswap, they pay a small fee that is then distributed among all liquidity providers for

How To Win Trades In A Cryptocurrency Bull Run

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  A bull run is a market condition characterized by a continuous surge on prices that is above an observed average in the particular sector under consideration. For cryptocurrencies, we have seen bitcoin post the best quarter of its existence in 2020 Q3 by holding above the 10 thousand USD mark. Vital Signs Many people are at a loss if it is possible to make money trading crypto. While the naysayers have their say, the investors who choose to be bullish have their way. First step here is to read the market and get an idea on the direction of your tokens and coins of preference. An outlook that points to bull market conditions or an impending market rush should be ascertained. For example,2020 has been plagued by low productivity due to the lockdowns across the globe, and this was sure to tank financial markets. In search of havens, investors have gravitated towards crypto and exited financial markets considerably, This indicator is one that shows that crypto patronage will not flatten

A New Bitcoin Spring: Here Are the Factors Driving an Imminent Bull Run

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  There have been several forecasting models that have predicted that the price of bitcoin will reach $20,000 this year. Although several investors are skeptical and are hoping this won’t end up like the last bull run in 2017. The new upswing in the price of Bitcoin is influenced by a confluence of factors, making it different from similar trends. These factors include the following: HODL waves High hash rate Crypto influencers Read Also:  How The Binance P2P Platform Works HODL Waves According to Philip Swift, Bitcoin web portals analyst, the ‘hodl waves' chart shows how a Bitcoin bull run could be imminent. He tweeted that 60% of all Bitcoin in circulation hasn't moved in twelve months. He also added that the last time this was seen was in 2016, only a few months before the start of the 2017 Bitcoin bull run. Glassnode, a blockchain data intelligence provider, asserted in one of its weekly publications that “this clear hodling behavior is macro bullish f

The Chainlink Emergence: Opportunities and Prospects

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    As is common in emerging markets, every now and then a new project or offer appears with the intent of completely taking over or reshaping it. While the first half of 2020 was quite slow, a particular project gained a lot of momentum during that time: Chainlink.   What is Chainlink? Unlike most projects in the blockchain area, Chainlink is not yet another blockchain. Rather than trying to reinvent the wheel, Chainlink joins a small set of projects whose main goal isn’t to become the de-facto blockchain, but to improve already existing ones. To do this, Chainlink has tagged itself as an “oracle middleware.” In order to understand what this means, we should know what each of those words mean in the blockchain world.   Middleware A middleware in tech is a piece of software that’s used to link two or more otherwise separate systems. In blockchain, middlewares are often seen in projects attempting to bridge together different blockchains or different versions of a single

How The Binance P2P Platform Works

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  Quick Introduction   P2P stands for Peer to Peer, and it is a form of networking that has applications extending even beyond cryptocurrencies. P2P networks allow people to directly carry out transactions with each other without a third party having to mediate. Of course, there has to be a platform facilitating the interactions between participants in the P2P network and overseeing security and maintenance, but that's where it ends. The actual transactions are between participants and do not need the oversight of the platform managers. Binance   Created in 2017, Binance has grown to become the world’s largest cryptocurrency exchange with a $1.3 market capitalization. There are various activities which can be performed on the platform. Users can share, buy, trade and store all cryptocurrencies and stable coins on the Binance platform. The first step is creating a wallet by signing up. Creating a Wallet   This is a simple step that can be taken by visiting the Bina

4 Factors Fueling The Growth of P2P Crypto Market

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Since 2008 when Bitcoin was introduced, cryptocurrencies have gone through various versions of perception. Initially, they were considered just another frivolous tech project that would get lost with time. That has not been the case. Despite swings between highs and lows, such as the bitcoin rally to $20,000 (with corresponding upswings in other cryptos like ETH) and the dip to below $6,000, cryptocurrencies have continued to soar in popularity. More people, by the hour, are signing up on exchanges, creating crypto wallets, trading, making payments for services, and sometimes, just storing their money. There are a lot of factors that have contributed to the growth of the P2P crypto market, below are four of them. Eroding trust in traditional finance: From the great depression of 1929 to the 2008 global economic recession, and now, the looming financial slump from the coronavirus pandemic, two lessons have kept recurring. They are: Ø    The centralized economy is too vulnerable to syste

Cryptocurrency Transaction Fees: Which are the lowest?

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    Nobody likes paying transaction fees. Be it from using our debit/credit cards, from bank transfers, or from payment services like PayPal, there’s a part of us that always feels bad when we notice the added fees – particularly if we add them up. Since this is the case for fiat money, it stands to reason most people would feel the same about cryptocurrency fees. However, while most articles on crypto fees will give you detailed information on which exchanges offer you the lowest fees (and for which currencies,) we rarely ever take a look at another important part: The fees currencies themselves charge.   Why do cryptocurrencies take fees?   Blockchain – that is, the technology behind cryptocurrencies – relies on a semi-distributed ledger where, instead of a single server keeping track of transactions and authentication, every node on the network does. However, as everything in the world, keeping these nodes up costs money. In Blockchain’s case, this money isn’t a mo