VeChain gets into the gaming industry

VeChain is one of the most famous platforms made in blockchain technology. Recently, they put their feet in the gaming industry by launching a new platform for gaming. The platform is based on PLA gaming and is named as Plair. They provide many features and most importantly it is a community where gamers can engage with other gamers as well as play tournaments and events.

There are many of the reasons why you should use Plair platform for all the gaming purposes. Below are some of the unique features that you can take a look at:-

Rewards

Whether you like gaming reward or it is about the real financial rewards, you will get both of these rewards from the VeChain platform. You will earn rewards when you play the game from all over the world by just watching and playing. Creating content will also earn your reward. Moreover, all the rewards are completed automatically and are handled by the smart card. So, you don’t have to worry about the transfer of the reward.

Social interactions

The best part about the Plair platform is that you can interact with other players. Not only the interactions, but you can also become an influencer and let the user stream the content that they have created. In this way, you can create a huge fan following.

Decentralized and Smart contracts

They are using the smart contract and hence you won’t have to worry about any of the frauds again. The smart contracts are secure and all the transactions are done automatically using the same. Therefore, it is a secure platform. Also, it is blockchain powered, and hence it is decentralized making it fully transparent.

Final words

Therefore, with this, you can enjoy playing games with the platform and win rewards. You can buy your favourite Spanish food just by playing and creating content as you will get rewards for doing all of these things. VeChain took a very nice step by implementing the blockchain in the gaming industry. The ultimate gaming ecosystem is gaining much popularity and will grow even more in upcoming days.

 

What are stable coins?

Cryptocurrencies are a highly unstable currency. The price may rise all of a sudden and on the next instance, it might decrease. Although, the downfall is less as compared to the rise, still there are many people who have lost their valuable money due to the downfall of cryptocurrency. In the same way, there are some of the people who have become millionaires due to the rise in cryptocurrency. The people who brought bitcoins a few years back have now a lot of money. Therefore, the cryptocurrency is highly volatile and it is very risky to invest money there.

For the people who are looking to play safe and at the same time wants to invest in cryptocurrencies. Stable coins are the best choice for you to go with.

What are stable coins?

Stable coins are the coins that are pegged with the fiat currency such as the US dollar or are directly connected to the commodity such as gold. The main benefit of stable coins is that the price will not suddenly go downwards and neither upwards. When it comes to other cryptocurrencies, it is perfectly normal if you invested $100 and the next day you are seeing there are $120 in the account or $80 in your account. This problem is solved by stable coins.

Cryptocurrency can either make you or break you.  If the currency goes down, you might lose a lot of your money. Also, the price isn’t predictable. So, it becomes difficult when it comes to trading. Basically, stable coins are a type of global currency which is not backed up by any of the banks but has very low volatility. Therefore, it becomes safe to invest your money in a stable coin.

Use of Stable coin

Stable coins are just like other cryptocurrencies and hence you can use the coins for all the purposes. You can use it to pay for the goods or service online, or you can use it in education to learn Spanish. The coins act at the cryptocurrency and hence you can use it anywhere.

 

MUFG to launch its own crypto

There are many countries in the world who are supporting the cryptocurrency whereas some of the countries are planning to ban it. Japan just entered in the world of cryptocurrency.  One of the best banks in Japan named MUFG is planning of launching their own cryptocurrency exchange network. It is not going to take a decade to build it, they are planning to launch it in within the end of the year.

The new Cryptocurrency

The deal is not limited to the exchange network but they are also currently working on their own cryptocurrency. They believe that the price of the cryptocurrency is constantly fluctuating and all the people can’t afford the constant increase and the decrease in the price. Therefore, the idea is to maintain the exchange and hence the control the pricing by reducing the functions.

Their own cryptocurrency will be a stable coin and just like every other cryptocurrency, it can be sued for all the things. There is no official news yet, but according to the rumour, the currency peg of the new cryptocurrency offered by the bank would roam around JP¥1.

Security

There will be proper security and trust for all the users. Also, there is security provided just in case, a security breach is seen or if the company goes bankrupt, people’s money will be safe. All of these trust arrangements are done by providing segregated accounts. Moreover, it is used to stop the frauds and all the suspicious activities that are done using cryptocurrency. In case there is any of the unusual activity seen in the user’ account.  They will be informed immediately and in this way, the bank will be able to monitor all the activities easily which can’t be done in the other cryptocurrencies.

For the people who already have an account with the bank can use this service with a little fee. By using the service, they can securely do all the transaction related to cryptocurrency whether it is booking the function venue or buying some goods online.  This is the bright step taken by MUFG.

Earning Money from Home, Online

 

The world has shrunk to a great extent ever since the advent of the internet, which makes way for a lot of opportunities for making money online. In the current time where everything is possible online, the scope of making money online has been kind as well. There are a lot of different means to make money online which are listed here. A brief description of some of the popular means are listed here.

Affiliate marketing:

Internet is a place for marketing and promotions from cookies and traffic hits, which is the prime source of many websites to earn revenue. As an individual even you can make use of affiliate marketing links to earn money online just by guiding your audience to the desired products. The scope in this regard has significantly increased with a lot of E commerce websites coming up lately into the picture.

Googles’ Ad Sense:

The online crowd grows every other day and in the current time, getting traffic is not that difficult as it sounds. This crowd can get you a large sum of revenue if you integrate your pages with google ad sense. This particular integration basically lets the viewers of your page to view ads they might be interested at. The clicks and the views would get you revenue depending upon the monetisation policy.

Cryptocurrency investment:

In the current time of digital currency and wallets being used everywhere, the concept of block chain and cryptocurrency is not lagging much behind. Cryptocurrency is said to be the future of standard currency and is easy to invest. With the right knowledge and strategy, it is a great choice in the current time to make good money right from your home. There are a lot of different cryptocurrency websites like bitcoin in the current time that offer a good investment plan. These can be short term or long term and would yield good money that you can make online.

All these methods are tried and tested which happen to be the best means to earn money online. They are convenient as well as safe.

Best Cryptocurrency Wallets

 

The meaning of the term wallet would refer to a physical object that helps you carry currency, and that is how everyone perceives it. In the current time, the meaning of the term wallet has a different meaning as well. The dawn of digital currency also brought upon the introduction of digital wallets which carries the similar meaning except for the fact that it helps you carry digital currency. Relating it to one of the most popular digital currencies in the time, cryptocurrency, it is also important to know which one would be the best for you. Following up with details here, here is a brief idea of the best crypto currency wallets around.

Keep Key: Cryptocurrency went popular within an astonishing period of time and the technology being fairly new opened doors for more opportunities. This is where keep key took the stand and presented one of the finest and secured wallets for the investors. The traders can keep a track of their account and also use the mobility feature to make the most out of their cryptocurrencies.

Nano Ledger S: This wallet is arguably one of the most popular wallets if not the most popular among the lot. This serves real time supervision of the traders account along with suggestions for buying and selling that makes it stand out.

Trezor: The hardware wallet has been the best choice for people who are into everyday trades and need something extremely mobile. It offers top of the line security features that not only keeps the transactions safe but also aids as a highly secure storage unit for your cryptocurrencies at one place.

Coin Base: A wallet that serves in multiple platforms effortlessly without any kinds of bugs was introduced by coin base. This not only comes up as a cryptocurrency wallet but also works as an index for all the hot line for all the best information related to cryptocurrencies.

The list of good wallets in the current time would be long and this makes up for the overwhelming number of cryptocurrencies that are present in the market today.

Crypto Debit Card

 

Cryptocurrency is now one of the safest exchange of money. More and more people are using cryptocurrency to buy goods, services, etc. However, there are only a few merchants who accept bitcoin or any other cryptocurrency directly. Other merchants are still not used to it. In such a situation, if you want to spend your cryptocurrency, you will have to exchange the coins yourself to the running money. After doing this step, you will have to withdraw it in your bank account and spend that money. The process becomes quite complicated and lengthy as finance business. So, this is where crypto debit card solves all the problem.

What is Crypto Debit card?

Crypto Debit Card is the debit card where you can fill it up using Cryptocurrency. The card does the exchanging part. The debit card can be used at almost any merchants who are accepting a debit card. The main benefit of the crypto debit card is, it eliminates many steps and saves your valuable time. Nowadays there are many companies offering Crypto Debit card. It is easy to get as well as affordable. The drawbacks are there is limited currency supported by them. Also, there are certain monthly fees for some currencies. Although online merchants mostly accept the payment in USD it can be a problem for those who are transacting in multiple currencies.

Things to Keep in Mind

Now the question arises, what you need to see before buying a crypto debit card. There are many things you need to keep in mind before taking any debit card. First of all, you need to check if they are connected to any scam. There may be few companies out there trying to steal your information and money. The next thing you need to check is the pricing. Make sure the debit card you take has a reasonable pricing structure. Make sure there are not any hidden or additional fees. Also, if the currency you want to transact is available in it or not. Moreover, you can check about the company details and its funding.

FoodChain Ecosystem

 

With the tremendous growth of Crypto and Blockchain, the technology has now covered the Food Industry too. Ethereum technology is used to develop Food Ecosystem. One of the best examples for Blockchain ecosystem is FoodCoin ecosystem.

FoodCoin ecosystem is a Blockchain ecosystem to create a global marketplace for food and agricultural products. The whole ecosystem is based on Ethereum technology. The ecosystem is built on the active platform of 1000 EcoFarms. It is going to be implemented as the universal trading platform for all the business related to Food. The deal will only take place by the use of smart contracts. Also, the transaction will only accept proper currency called FoodCoin. FoodCoin is also abbreviated as FOOD.  By implementing this, the middleman will be removed. Hence, the price will be reduced. As a result, you can enjoy your favorite Spanish food at less price.

Application and Usage

FoodCoin ecosystem is for any kind of agricultural businesses. These businesses include trading Blockchain ecosystem for farmers, food coops, processors, distributors, restaurants, caterings, farmer markets, buying clubs, etc.

 

How does it work?

FoodCoins is directly linked with Ethereum (ETH). So the amount of FOOD you brought may vary on your account as per the current rates of Market. Although, once the coins are distributed to contributors the rates can be locked. You can log in into the official FoodCoin account by going to foodcoin.io and hit the LOCK button. The system will auto pick the favourable rate and lock it. You can only lock the rate once.

Now, when it comes on the working method, FoodCoin has created various functions for low-cost transfer. These are as follows.

  1. Database in a distributed ledger. Here you can get details of all required things.
  2. The next step is to own a Cryptocurrency called FOOD.
  3. For transactions, they have multi-functional wallet called Wallok.
  4. For Payments, they have their own payment system called DiPay (DP).
  5. When it comes to security and protection, They have remote user verification called DIGID.
  6. For smart contract multisign, they have Smaco system.
  7. For Genuine products, they have product authentication Product Origin ID (PRORID)

What is the difference between Ether and Ethereum?

 

Ethereum and Ether are so similar in names that they are used synonymously to each other in the Cryptosphere. But it is important to understand the difference between the two. Here is a guide to tell you all the similarities and differences between Ether and Ethereum.

Ethereum is the platform based on blockchain technology and Ether is the cryptocurrency of this platform.

It is also to be noted that Ethereum is listed as Ethereum in the crypto exchanges but it is just a denomination which is synonymously used with “Ether” which is the cause of confusion in many.

What is Ethereum?

Ethereum was invented in 2013 by Vitalik Buterin, a Russian programmer. He first presented the Ethereum blockchain in his white paper at the North America Bitcoins Conference in 2014.

Ethereum is a platform for writing and implementing smart contracts and DApps which are automatically executed when a certain set of coded conditions is met.

Let us understand the working of Ethereum with the help of an example:

Let us assume that Linda has given a project/contract to Nancy for website development for a price of 20 ETH. Linda has coded the necessary requirements, conditions and terms about the type and preference of the website needed by her on the Ethereum blockchain.

Now, when Nance submits her website (completed project) on the blockchain, it will act as an evaluator and if all the requirements and conditions are met, the smart contract will execute itself and Nancy will get her payment.

If the terms and requirements are not met, then Nancy has to keep working until all the conditions are met in order for her to get her payment.

What is Ether?

Ether or ETH is the fuel for the Ethereum blockchain. Just like you need fuel for starting a vehicle, in the same way, you require Ether (ETH) to do operations on the Ethereum blockchain such as smart contracts, transactions, decentralised applications etc.

Implications of Ethereum

There are a lot of technological implications of the Ethereum blockchain and the code written on the blockchain cannot be tempered, hacked or altered. These features of the Ethereum blockchain makes it tamper-free.

 

What is the meaning of Coin in the crypto world?

 

Cryptosphere is filled with many types of cryptocurrencies, coins, tokens, altcoins, etc . All these words are very common in the crypto world but if you are not aware of the differences in the technical jargons, you can end up confused.

Many a times, coins and tokens are used as synonymous to each other but that is not correct. There is a slight difference between the two. Nobody is responsible for this inaccurate usage of terms as the field is still new and people are still learning about all the terms and jargons.

What does a coin refer to in the Cryptosphere?

The term coin is used for coins which are created by making variations in the code of the blockchain. Examples of coins are Bitcoins, Namecoins, Litecoins etc. These coins are also referred to Ältcoins” since they were created as an alternative to Bitcoins with uses similar to Bitcoins.

The coins in the Cryptosphere is also known as cryptocurrencies or crypto coins.

Properties of Coins

The characteristics of these coins are similar to that of Bitcoins. Here are some of the major characteristics of coins:

  1. Acceptable: These coins are widely accepted as a mode of exchange
  2. Fungible and Uniform: In these coins, unit of one coin is equivalent to another. The same denomination has the same value.
  3. Divisible: The coins can be further divided into smaller values.
  4. 4. Portable: These coins can be exchanged and carried along.
  5. Limited Supply: The supply of the coins is limited and constant.
  6. 6. Durable: The coins can be used any number of times without any degradation in their value and worth.

Coin-in-Cryptocurrency

The parent category of the coins is the cryptocurrency under which the subcategories are coins/ crypto coins and altcoins and the other sub category is tokens.

Bitcoins are the main coins in the cryptocurrencies. Other coins such as ETH (Ethereum) and Ripple are also considered in the coin category since they have their very own blockchain and have the same properties as Bitcoins. But they are not just used as a usecase for money but also for some other utilities.

Some other currencies which are not created on the Bitcoins code are also referred to as Coins in the crypto world as they have their own blockchain and have the same properties as that of the Bitcoins. One example of such coins is Monero (XMR).

What is Volatility in the Crypto market?

 

The cryptocurrency world is the new way of storing your wealth and protection of your purchasing power. Some people believe it to be very beneficial and profit making while some have been burned badly by its volatile nature. Any market whether it is share market or the cryptocurrency market, where trading takes places in the free market without any regulations is bound to be volatile.

 

What is the meaning of volatility?

As per the economics definition of the word volatility, it means the rate change of the price of a security for a given set of returns. Volatility shows the range of price to which the price of a security may decrease or increase up to.

Thus, the movement of the price of the cryptocurrency over a trade cycle or a definite period is known as volatility.

For example, the value of bitcoin was $8976 at 10 AM and rises to $9532 at 1 PM and again falls to $5643 at 6 PM. this fluctuation of the price is known as the volatility.

Some people also call it instability in the price of the cryptocurrencies.

 

Reason for Volatility

The main reason for the volatility is that the cryptocurrencies cannot be controlled since they are decentralised and are traded in the free markets without any regulations.

A free market is referred to as the market where the price of the commodity or security is purely determined by the consumers and not affected by the supply and demand of the securities. This is an idealized system where there is no intervention of the government, other authorities and the price-setting monopoly.

Cryptocurrency market including the price of Bitcoins is highly volatile and it will remain volatile until it reaches its saturation market-cap which cannot be predicted safely.

If you are unable to handle the volatility of the crypto market, it is suggested that you do not invest in cryptocurrency. But on the other hand, you can invest and get accustomed to the volatility of the market.

The only thing to be cautious is that only invest which you can afford to lose. Since the crypto market can be both rewarding and detrimental to your financial health because of its high volatility.