We are glad to present a new project prepared by CoinCasso! We start with Blockchain Academy. For those of you, who are not familiar with cryptocurrencies, or those of you who are not sure how to trade and invest in them, we prepared basic explanations.
First, we encourage you to read our blog posts and start with getting to know the basic knowledge by reading our glossary:
In this series of articles, we present you definitions of basic terms related to cryptocurrencies. We explain what is cryptocurrency, blockchain technology, what is trading, what is Bitcoin and Ethereum, what are altcoins and tokens and so on. It is a must-read if you are a beginner. Only after understanding basic terms, you can go further in obtaining new knowledge about the crypto environment.
One of the most fundamentals terms in the crypto world is blockchain technology. After reading our articles Cryptocurrency for dummies, we strongly encourage you to read our next article, in which we explain the basics of this technology.
Cryptocurrencies and blockchain technology
In the beginning, you can feel overwhelmed with all these new definitions, sometimes tough to understand mechanisms. However, stay calm and you will see that after some time you should immerse yourself with a new field and start understanding more and more.
To systematize your knowledge, you can read our definitions of basic terms on CoinCasso Freshdesk.
CoinCasso Quickstart Guide
After understanding basic concepts, one of the major crypto websites that we encourage you to follow is www.coinmarketcap.com. You will find there information about current prices and the market capitalization of cryptocurrencies.
You can slowly start getting yourself familiar with the latest cryptocurrency news, for example, those on our blog. Check out it here.
A little more advanced articles are our cryptocurrency reviews. However, after getting to know the basic glossary you should understand most of this content. You can check out the following cryptocurrencies:
Cryptocurrencies which will be soon introduced on CoinCasso Exchange:
Bitcoin Cash is currently one of the top 10 largest cryptocurrencies in the world, as it is Bitcoin’s (the “king of crypto”) hard fork (check our Cryptocurrencies for dummies Part 2 to understand the concept). Bitcoin Cash is definitely a very appealing project, and that’s why we are going to list it on our cryptocurrency exchange. It is predicted to be a decent long-term investment, and it is an interesting alternative to Bitcoin. Among other things, it enables faster and cheaper transactions than Bitcoin, possesses higher, scalable block, and reduces problems with hashing thanks to innovative SigHash feature.
Ethereum Classic is a hard fork of Ethereum, however, it is claimed that is not a… classic Ethereum’s fork. It is an autonomous project, with its own blockchain, team and development. Its motto is “Code is law”, as its community value the philosophical approach it brings and the rule of the immutability of code and transactions’ history.
Litecoin is called a “younger sibling” of Bitcoin. It was created in 2011 as Bitcoin’s fork. Its main advantage over the largest cryptocurrency is faster blocktime, however, with it, it also brings lower security. It was not designed to compete with Bitcoin, but rather with an aim to provide comfortable small transactions, like buying a coffee or meal in a restaurant.
Dash is called Digital Cash or “a new PayPal”. It is a peer-to-peer cryptocurrency focused on the payment industry, based on open source code. The Dash project’s fundamentals are similar to Bitcoin, but it brings more extensive functionality.
Ripple and its XRP token is the last cryptocurrency that we will introduce on our cryptocurrency exchange. Ripple was designed to facilitate transactions on a worldwide scale. Already, many financial institutions and companies have joined the Ripple network, in order to, primarily, lower transaction fees. It is a huge player, as it is the second largest cryptocurrency at the market capitalization ranking.
TRON is a project created by the influential character – Justin Sun. TRON Network is considered by many people as the successor of Ethereum. Actually, it was based on blockchain created on the Ethereum network, with the intention to focus on global gaming and entertainment industry. On 25th June 2018, TRON moved to its own blockchain.
Waves aims to build a new platform in the style of Bitcoin or Ethereum. Waves is platform based on its own blockchain. It aims at storing trading management and issuing your digital assets quickly and securely. It’s a kind of ICO platform for people to raise funds and raise capital for the cryptocurrency projects. Mining is comfortable with convenient ways, and the platform also offers an advanced wallet, friendly UI and insanely low fees.
NEO is considered as a good alternative for Ethereum, especially given the way it solves the issues of creating DApps and Smart Contracts. NEO is defined as an intelligent economy that is supposed to create the fundamentals for a better world. The purpose of this cryptocurrency is to invent and redefine the way in which trade takes place. NEO is a bridge between classic and intelligent economics. It is aimed at giving an opportunity for developers to create Smart Contracts and decentralized applications.
In this article, we review four different cryptocurrency projects based on their own blockchain – Ethereum, Qtum, NEO, and Waves.
We continue our blockchain overview, comparing Stratis, Wanchain, Quarkchain and EOS.
Blockchain’s impact on various industries
Blockchain technology revolutionizes the world. It influences the healthcare industry thanks to enabling, among other things, a global network which connects hospitals, doctors and patients in one system, as well as more efficient creation of medicine.
The automotive industry is another exciting field in which blockchain is going to play a significant role. Already, such companies like Porsche, Renault and Mercedes-Benz start taking advantage of this modern technology.
We hope that the above materials will help you to understand the fundamentals of the blockchain industry. Soon, we plan to publish the next learning materials. Stick with us!