Importance of stablecoins and their history
PrimaFelicitas » Cryptocurrency
by PrimaFelicitas
6M ago
Introduction Stablecoins play a crucial role in the world of cryptocurrency and blockchain technology. Their significance lies in several key areas: Price Stability: As the name suggests, stablecoins offer stability in value compared to highly volatile cryptocurrencies like Bitcoin or Ethereum. This stability makes them more suitable for everyday transactions, stores of value, and as a unit of account. Reducing Volatility: Stablecoins act as a bridge between the crypto and traditional financial worlds. They allow users to move in and out of cryptocurrencies without being exposed to the extreme ..read more
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A Deep Dive Into Uniswap
PrimaFelicitas » Cryptocurrency
by PrimaFelicitas
7M ago
A Deep Dive Into Uniswap Uniswap is an automated liquidity technique that relies on a fixed product formula. It is executed in the Ethereum blockchain-based system of non-upgradable smart contracts. The following blog provides a deep understanding of the Uniswap platform by providing details about the history of Uniswap, its features, working, and how to use Uniswap. What is Uniswap? Uniswap is an Ethereum-based decentralized crypto exchange, which employs the automated liquidity protocol. Using Uniswap, transaction execution doesn’t reply to any centralized party or an order book. Therefore ..read more
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Non-Custodial Wallets – Your direct link to the blockchain
PrimaFelicitas » Cryptocurrency
by PrimaFelicitas
7M ago
“No private key, no crypto” is the statement that users need to understand in the crypto world. In simpler terms, the user needs to know that the holder of the private key will have access to the crypto funds. Earlier, we discussed custodial wallets, where a third-party wallet stores the user’s cryptocurrencies and also holds the user’s private key. In terms of ease of operation, these wallets are the best, whereas in terms of safety somehow they don’t fulfill the eligibility criteria. Then who fills this eligibility? It’s decentralized, also known as a non-custodial wallets. The non-custodial ..read more
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Multi-Signature Wallets – Next level of security
PrimaFelicitas » Cryptocurrency
by PrimaFelicitas
7M ago
The single-signature wallets have been very significant for performing frequent and daily transactions; however, they form a single-point failure. Compromising a single signature wallet will require only one private key, where the need for a more secure technology comes into light. To overcome this problem, Multi-Signature Wallets were introduced. The multi-signature wallets not only eliminated the single-point failure problem but also provided many significant advantages like account recovery in case one of the keys is lost, or double-checking before transactions as, on the blockchain, the tr ..read more
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Centralized Crypto Exchange-The trading platform
PrimaFelicitas » Cryptocurrency
by PrimaFelicitas
7M ago
The Centralized Crypto Exchange or custodial exchange is referred to as a business that provides traders with a platform to trade crypto assets. It acts as an intermediary or a third party between the buyers and the sellers and makes a profit from the transaction and commission fees. After trading, the crypto assets are automatically stored in their built-in exchange wallets, which are controlled by the exchange itself. This signifies that the control of the private key is with the custodial exchange and not the traders until you transfer your assets to a decentralized crypto wallet. Now, the ..read more
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The Go-To-Guide To Cryptocurrency Wallets
PrimaFelicitas » Cryptocurrency
by PrimaFelicitas
7M ago
Nowadays, blockchain technology emerged as a promising technology that stores data electronically in a digital format. The innovation of blockchain technology resolves complex issues by defining impressive solutions for blockchain users. The blockchain plays a significant role in Cryptocurrency Wallet development because it keeps a secure and decentralized record of transactions. As blockchain technology grows, cryptocurrency can be seen as a game-changer that defines standard protocols to make it more beneficial to crypto users. To securely store the cryptocurrency, users need to utilize the ..read more
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Wondered what Custodial Wallets are?
PrimaFelicitas » Cryptocurrency
by PrimaFelicitas
7M ago
Wondered what Custodial Wallets are? Custodial Wallets The custodial wallets are the crypto wallets where your funds or data are in the possession of a third party. It means that the information submitted by you in the crypto wallet has access to the third party. Banks are a great example of custodial wallets which can access your funds or data. In custodial wallets, the private key of a wallet owner will be in the hands of another party. So, you may think that what are the private keys? As the name suggests, private keys are the secret keys that are responsible for sending cryptocurrencies to ..read more
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What everyone is saying about the types of Crypto Wallets
PrimaFelicitas » Cryptocurrency
by PrimaFelicitas
7M ago
What everyone is saying about the types of Crypto Wallets Nowadays, there are various types of crypto wallets available in the market, but choosing the best ones from the list of bundles may be a tedious task for you. If you want to choose the best crypto wallets, you must have a clear idea about what you are looking for in the crypto wallet. Each wallet has its specifications, control, and security measures to offer a pleasant experience to crypto users. You must choose a crypto wallet that satisfies your needs. If you are an investor or trader, the crypto wallet must be your first choice as ..read more
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Institutional Investment: Due Diligence For Cryptocurrency
PrimaFelicitas » Cryptocurrency
by PrimaFelicitas
1y ago
Institutional investors carry strength to influence the market. The non-monopolistic nature of this currency has truly swept the market. With individuals devoted to adding digital assets into their portfolios and the maturity of the crypto market, it is inevitable for institutional investors to dive in too. Expansion of the digital asset market and the availability of extensive tools to aid such trade have made it convenient to begin participation in the cryptocurrency world. User-friendly apps and tools are readily available to track investments and their performance. With great power comes g ..read more
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Introducing Web 3.0 to Smartphones – Are Solana and polygon coming together?
PrimaFelicitas » Cryptocurrency
by PrimaFelicitas
1y ago
Cryptocurrency has been in a run for a while now and the key concern users have is the security of the private keys. Not only computers and laptops but also smartphones have been in this race for a long time. Our standard smartphones are vulnerable to hackers, as they don’t have any extra security for storing private keys. To overcome this problem, many developments were done and are still in process. Such a promise is made by Solana lately about releasing a Web 3.0 smartphone. However, there are several constraints that are slowing this process, such as the storage and performance of the mobi ..read more
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