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Crypto Currency Newsflash
Cryptocurrency, sometimes called crypto-currency or crypto, is any form of currency that exists digitally or virtually and uses cryptography to secure transactions. Cryptocurrency received its name because it uses encryption to verify transactions. This means advanced coding is involved in storing and transmitting cryptocurrency data between wallets and to public ledgers. The aim of encryption is to provide security and safety.
Subcategories
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BitCoins
Satoshi Nakamoto created Bitcoin in 2009 but never revealed his identity to the world. There are huge questions looming around this. For instance: Is Satoshi Nakamoto one person or a group of people? Why isn’t he claiming the success of his currency? Will he unlock his supposed bitcoin wallet and is Satoshi Nakamoto still alive? In this Category we collect the most recent news on BitCoin in general and its further development. As some experts question, if BitCoin is still a long lasting store of value - if the outdated technology is being coinsidered - it's better to stay well informed.
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AltCoins
Altcoins is a broader term for cryptocurrencies other than Bitcoin as all other cryptocurrencies that were launched after Bitcoin are considered altcoins. Bitcoin being the first and oldest cryptocurrency means that it is regarded as a sort of progenitor to all other altcoin cryptocurrencies available today. There is the range of available AltCoins rather big, and is itself subdivded into other types of Coins like MemeCoins, StableCoins or AI Coins. These are technically also AltCoins but nevertheless have been growing so strong, that they brand their own sub-branches.
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Meme Coins
A meme coin is a type of cryptocurrency that is typically based on internet memes or popular cultural phenomena. Unlike traditional cryptocurrencies, meme coins often lack an underlying utility or purpose beyond the community and cultural phenomenon they represent. Meme coins started with Dogecoin in 2013, created as a joke based on the popular "Doge" meme. Despite its humorous beginnings, Dogecoin became a huge success, even gaining endorsements from celebrities like Elon Musk. Shiba Inu, another meme coin inspired by Dogecoin, was dubbed the "Dogecoin killer." After being launched in 2020 Shiba Inu saw a Meteoric Rise, its value skyrocketed over 1,000,000% within a year, turning small-time investors into millionaires. This rapid rise highlighted the unpredictable nature of meme coins in the crypto world.