The Rise of AI in Crypto: A New Era of Intelligent Decentralization

The convergence of artificial intelligence (AI) and blockchain technology is ushering in a new era of innovation, where the power of machine learning and decentralized networks are combined to create smarter, more efficient, and secure systems. This emerging trend, often referred to as the AI crypto narrative, is reshaping how we think about data, automation, and digital assets. As the crypto space matures, integrating AI capabilities is becoming a critical factor for the next wave of technological evolution, enabling more sophisticated decentralized applications (dApps) and enhancing blockchain’s ability to solve complex problems.

Understanding the AI Crypto Narrative

The AI crypto narrative revolves around leveraging AI’s computational prowess and blockchain’s decentralization to create applications that are not only intelligent but also transparent, secure, and trustless. This fusion is seen as a natural progression as both fields aim to revolutionize traditional systems—AI by automating and optimizing decision-making processes and blockchain by removing intermediaries and enhancing data integrity.

By combining these two powerful technologies, we can build decentralized networks capable of learning, adapting, and improving autonomously. This integration has profound implications for various industries, from finance and healthcare to supply chain and beyond.

What Are AI Crypto Coins?

AI coins are a subset of cryptocurrencies designed to integrate artificial intelligence algorithms and capabilities directly into blockchain-based platforms. These coins often serve multiple purposes, such as incentivizing the development of AI models, facilitating decentralized AI networks, or providing access to AI-driven services and applications.

AI coins are unique because they combine the decentralized nature of blockchain with the intelligent decision-making capabilities of AI. This fusion enables a range of innovative applications, from predictive analytics and automated trading to data processing and decentralized machine learning (ML) marketplaces.

Key Features of AI Coins

1. Decentralized AI Marketplaces: Many AI coins power decentralized marketplaces where developers and businesses can buy, sell, or trade AI models and data. These marketplaces allow participants to access AI models without relying on a single provider, promoting innovation and collaboration in the AI community.
2. Incentivized Learning: AI coins often incentivize data providers and model developers to contribute their resources to the network. In return, they earn tokens for their contributions, creating a self-sustaining ecosystem where high-quality AI models and datasets are continually developed and improved.
3. Enhanced Data Security and Privacy: By leveraging blockchain’s immutable ledger and decentralized nature, AI coins provide enhanced security and privacy for sensitive data used in training AI models. This feature is particularly crucial in industries such as healthcare and finance, where data confidentiality is paramount.
4. AI-Driven Smart Contracts: Some AI coins are designed to enhance smart contract functionality with AI-driven features. For example, these smart contracts can automatically adjust their parameters based on real-time data analytics, making them more dynamic and responsive to market conditions.
5. Automated Trading and Investment: AI coins are often used to develop and deploy AI algorithms for automated trading and investment strategies. These algorithms can analyze vast amounts of data at high speeds, identifying patterns and trends that might not be visible to human traders, thus optimizing investment decisions.

Popular AI Coins List in the Cryptocurrency Market

Several AI crypto coins have gained popularity in the cryptocurrency market due to their innovative applications and potential for growth. Here are some of the most notable AI coins:

1. SingularityNET (AGIX): SingularityNET is one of the most well-known AI-focused blockchain platforms. It aims to create a decentralized marketplace for AI services, allowing developers to publish, share, and monetize their AI algorithms. The AGIX token powers transactions on the platform, incentivizing developers to contribute high-quality AI services to the marketplace.
2. Fetch.ai (FET): Fetch.ai is an AI-focused blockchain project that aims to create a decentralized digital economy powered by autonomous agents. These agents are AI-driven entities that perform various tasks, such as data analysis, logistics, and trade execution. The FET token is used to facilitate transactions within the Fetch.ai ecosystem, including paying for services provided by the autonomous agents.
3. Numerai (NMR): Numerai is a unique AI-driven hedge fund that leverages decentralized data science competition to develop predictive models for trading financial assets. Data scientists worldwide submit their models, and those that perform well are rewarded with NMR tokens. This innovative approach democratizes access to hedge fund management and leverages collective intelligence to optimize trading strategies.
4. DeepBrain Chain (DBC): DeepBrain Chain is a decentralized AI computing platform that aims to reduce the costs of AI model training by utilizing blockchain technology. The platform allows users to rent out their idle computing power to train AI models, earning DBC tokens in return. This model helps make AI development more accessible and cost-effective.
5. Ocean Protocol (OCEAN): Ocean Protocol is a blockchain-based data exchange protocol that enables the secure sharing of data while preserving privacy. AI developers can access high-quality data sets necessary for training their models, and data providers are rewarded with OCEAN tokens for sharing their data. This approach fosters a fair and transparent data economy, crucial for advancing AI development.

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Picture this: back in the day, when Bitcoin was just a digital pup, a few bold souls started tossing it into the betting ring. Yeah, those stakes might seem like chump change now, but trust me, it was groundbreaking back then. And who could forget the legendary pizza purchase? Ten thousand Bitcoins for a couple of pies – that’s the spark that ignited this crypto gambling fire!

But hold onto your digital wallets, folks, because things heated up fast. As the crypto hype train gained steam, a new breed of casinos came knocking. It wasn’t just Bitcoin anymore – Ethereum, Litecoin, Dogecoin, they all sauntered onto the scene, raising the stakes and offering a smorgasbord of games. Slots, poker, you name it – these digital joints had it all. And the best part? It was a global party, no borders, no annoying currency conversions. Gamers from all corners gathered ’round the virtual tables, making it one heck of a shindig.

The Humble Beginnings: Bitcoin’s Baby Steps

Back in the day, when Bitcoin was just a fledgling digital currency, a few brave souls started betting with it. The stakes? Minuscule by today’s standards, but revolutionary for the time.

• The Infamous Pizza: Remember the guy who spent 10,000 Bitcoins on two pizzas? That’s the spirit that kickstarted crypto gambling!

The Rise of Crypto Casinos: More Coins, More Games

As more people jumped on the crypto bandwagon, a new breed of casinos emerged:

1. Diverse Cryptos: It wasn’t just about Bitcoin anymore. Ethereum, Litecoin, Dogecoin – the gang was all here.
2. Variety of Games: From slots to poker, the digital versions of all our favorite casino games started popping up.
3. Global Appeal: No borders, no currency conversion. Crypto casinos brought gamers from all over the world onto the same tables.

The Trust Revolution: Provably Fair Gaming

One of the biggest game-changers? The introduction of provably fair systems:

• Transparent Algorithms: Players could now verify and ensure that each bet, card shuffle, or slot spin was genuinely random.
• Building Trust: This transparency built trust, ensuring players that the game wasn’t rigged against them.

Did You Know?
The term “provably fair” was coined in the crypto gambling world and is now a standard for quality and trustworthiness.

The Social Spin: Community-Centric Gaming

Crypto gambling wasn’t just about placing bets. It was about building communities:

1. Chat Features: Players could chat, share tips, and even celebrate wins together.
2. Tournaments: Pitting your skills against the global community became a thrill in itself.
3. Shared Pots: Some games introduced shared jackpots, where the community could win together.

Decentralized Casinos: Power to the Players

The latest evolution in the saga? Decentralized casinos:

• No Central Authority: Run on blockchain, these casinos aren’t controlled by any single entity.
• Smart Contracts: These self-executing contracts ensure transparency, from placing bets to payouts.
• Player Control: Some decentralized platforms even let players have a say in the casino’s rules and operations.

The Challenges: Not All Sunshine and Rainbows

While the journey’s been exciting, it’s had its bumps:

1. Regulatory Hurdles: The ever-evolving landscape of crypto regulations has often posed challenges.
2. Security Concerns: With big money involved, crypto casinos have been prime targets for hackers.
3. Market Volatility: The fluctuating values of cryptocurrencies have added another layer of gamble to the game.

Looking Ahead: The Future of Crypto Gambling

With tech advancements and growing player communities, the future looks bright:

• Virtual Reality (VR) Casinos: Imagine walking into a virtual casino, feeling the buzz, and playing in a fully immersive environment.
• AI and Gaming: From smarter game recommendations to AI dealers, the integration of artificial intelligence is set to redefine the experience.
• More Integration: As the lines between gaming, social media, and virtual worlds blur, expect more integrated and holistic gaming experiences.

The world of crypto gambling has come a long way. From simple Bitcoin bets to the vast, decentralized platforms of today, it’s been a journey of innovation, challenges, and community. As we stand on the cusp of even more exciting developments, one thing’s for sure: the game’s just getting started. So, to all the crypto gamblers out there, here’s to rolling the dice, spinning the wheel, and always chasing the next big win. Game on, fellas!

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Gents, imagine having the thrill of a crypto casino right in your pocket. Say hello to the mobile revolution that’s changing the game. No more waiting for your PC – now you can bet, spin, and win on the go! Whether you’re on a coffee break or chilling on the couch, your favorite crypto games are just a tap away. It’s not just convenience; it’s a whole new level of freedom. The world of crypto gambling has been unleashed from the desktop chains, giving you the power to play whenever and wherever you please. So, get ready to roll the dice and chase those digital jackpots, all from the palm of your hand. The mobile revolution is here, and it’s time to play like never before!

So, whether you’re a crypto pro or a newbie looking for some action, get ready to take the world of crypto gambling with you wherever you roam. The mobile revolution has arrived, and it’s time to roll the dice and spin those slots like never before. Luck is in your hands – literally!

Pocket-Sized Power: Why Mobile Matters

Remember the days of being glued to a computer screen, waiting for games to load? Those days are long gone. Today, it’s all about playing on the go:

1. Instant Access: Whether you’re on a coffee break or waiting for a friend, your favorite casino games are just a tap away;
2. Notifications & Alerts: Real-time updates on jackpots, bonuses, and tournaments. Never miss out!;
3. Integrated Wallets: Mobile wallets make deposits and withdrawals a breeze.

The Evolution: From WAP to App

The journey of mobile gambling has been quite the ride:

• The WAP Days: Remember the early days of mobile internet? Basic games, pixelated graphics, but oh, the novelty!;
• Browser Boost: As mobile browsers improved, so did the gaming experience. Better graphics, smoother gameplay, and more variety;
• App Age: Today, most top crypto casinos have their dedicated apps, optimized for the perfect gaming experience.

Game On: Popular Mobile Crypto Games

While almost all games have made the mobile transition, some truly shine on the small screen:

1. Slots: Swipe to spin! Mobile slots are a visual treat and super intuitive;
2. Poker: Multi-table tournaments, live dealers, and more, all at your fingertips;
3. Roulette: Place your bets with a tap, and watch the wheel spin in high definition;
4. Dice Games: Quick, fun, and perfect for a short gaming break.

Pro Tip: Always ensure you’re on a secure connection when playing. Public Wi-Fi might not be the best bet for placing bets.

The Challenges: It’s Not All Smooth Spinning

While mobile crypto gambling is a blast, it’s not without its challenges:

• Screen Size: Especially for intricate games, the smaller screen can be a limitation;
• Battery Drain: Some games, especially live ones, can be power-hungry;
• Connectivity Issues: A dropped connection can be a real buzzkill, especially if you’re on a winning streak.

Staying Safe: Mobile Security 101

With convenience comes responsibility. Here’s how to ensure your mobile gaming is secure:

1. Regular Updates: Always keep your casino apps and mobile wallets updated;
2. Two-Factor Authentication: An extra layer of security never hurt anyone;
3. Avoid Public Wi-Fi: As tempting as it might be, public networks can be risky. Stick to your data or trusted networks.

What’s Next? The Future of Mobile Crypto Gambling

The mobile gaming world is ever-evolving. Here’s a sneak peek into what’s on the horizon:

• Augmented Reality (AR) Games: Imagine playing poker with virtual cards and chips on your coffee table;
• Voice-Activated Gaming: “Place a bet on red!” Voice commands could add a whole new dimension to gameplay;
• Wearable Integration: Smartwatches, glasses, and more could soon become gaming devices.

The mobile revolution has truly transformed the world of crypto gambling. From the early days of WAP to the app-driven experience of today, it’s brought power, convenience, and fun right into our pockets. So, the next time you’re itching for some action, just pull out your phone, tap on your favorite casino, and let the games begin.

Want to know more about the best mobile gaming platforms? Read about Betfury casino on BitzBee.net and stay ahead of the game!

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If you need help with papers, contact a writing service, request ‘Please, write essay for me,’ and meet professional authors who will assist you with any paper.

8 Tips On How To Write An Exciting Essay About Cryptocurrency

• Do some research

Research is essential to any good essay. Start by looking into the basics of cryptocurrency, like blockchain technology, and how it works. Also, familiarize yourself with different cryptocurrencies, their uses, and their pros and cons. This will provide a great starting point for your essay.

• Brainstorm ideas

After researching cryptocurrency, spend some time brainstorming potential topics for your essay. Think about the topics that interest you and what angle you want to approach them from in your paper. Consider interesting facts or stories that might make your essay more engaging and unique.

• Outline key points

Once you know what direction you would like to take your essay in, it is time to create an outline. A great way to do this is by jotting down key points you want to include in each essay paragraph. This will help ensure each point flows together cohesively and organize your paper.

• Incorporate interesting facts

Adding interesting facts or stories related to cryptocurrency will make your essay more engaging and exciting for readers. Doing so also helps to add credibility to your work, as the reader can see the evidence backing up any claims you make in your essay. Researching unique facts or anecdotes about cryptocurrency can also set your paper apart from other essays.

• Use personal experience

Writing about something you are passionate about or have experience with can help create an interesting and informative essay. If you’ve had an opportunity to use cryptocurrency, consider incorporating your personal experiences into your essay. This will help make it more relatable and engaging for readers.

• Cross-reference sources

When writing about a subject such as a cryptocurrency, it is essential to reference credible sources throughout your paper. Double-check the accuracy of each statistic or claim in your essay by referencing multiple sources whenever possible. Doing this will add credibility to your work and make it more reliable for readers.

• Use visuals

Incorporating visuals like graphs, charts, or diagrams into your essay can help illustrate points more clearly and make your paper more exciting. Including visuals helps break up the text in your essay, making it easier to read and more visually appealing.

• Proofread

Once you have finished writing your essay, read through it a few times to ensure no errors or typos. Doing this will help ensure that your paper is as clear and concise as possible before submitting it for grading. 

Reasons To Write Essays About Cryptocurrency

Writing an essay about cryptocurrency is essential as it provides readers with a comprehensive understanding of this rapidly-evolving technological innovation. Cryptocurrency presents a new way to transmit, store and view money that can have far-reaching implications. By examining the advantages, disadvantages, and potential risks associated with cryptocurrency, readers can gain valuable insights into what’s currently happening in the world of finance. It also allows them to explore possible future scenarios for blockchain technology and its applications outside of financial markets. In addition to providing readers with an informative overview of cryptocurrency and its related topics, writing an essay on cryptocurrency can also open up discussion on ethical considerations such as privacy and regulation. Ultimately, essays about cryptocurrency provide both general knowledge and critical thinking skills essential for navigating the complex landscape of digital currency.

Afterall

Writing an essay on cryptocurrency allows readers to understand this emerging financial tool better. By exploring the advantages and disadvantages of cryptocurrency, readers can gain a greater insight into its potential implications for individuals and businesses. Furthermore, delving into current legal issues and trends can help prepare them to make more informed decisions when investing in or using digital currency. Finally, essays about cryptocurrency also offer an opportunity for critical thinking on ethical considerations surrounding this new technology. In short, writing an essay on cryptocurrency is an essential step in becoming educated about the future of money.

By following the tips from our article, you can create an engaging and informative essay about cryptocurrency. Good luck!

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It is important to keep in mind that cryptocurrency investing carries substantial risk. You may end up losing some or all of your capital. Additionally, India has not regulated the trading of cryptocurrencies; if things take a turn for the worse – like the company you have invested with going bankrupt – then, unfortunately, you will be left without any means to reclaim compensation.

Select a Trusted Broker or Cryptocurrency Exchange

If you’re looking to invest in cryptocurrency, it’s essential that you understand the distinction between a broker and an exchange. Both can provide access to digital assets — however, their features are quite different from each other. Consider which one will be best for your particular needs before making a purchase!

Cryptocurrency Exchange

Trading cryptocurrencies can be a complex and intimidating experience for new investors, particularly on exchanges that have multiple trade types and performance charts. However, these platforms offer fees that are often lower than other alternatives, making them an attractive option if you’re willing to invest the time to learn how they work.

Are you a rookie when it comes to cryptocurrency trading? Don’t worry – WazirX, Zebpay, CoinDCX, and UnoCoin are some of the most beloved crypto exchanges in the industry. Though their classic platforms may be intimidating for novices without an earlier experience with stock market investing, they also have user-friendly choices that make buying cryptos easy as pie!

Cryptocurrency Broker

A cryptocurrency broker simplifies the process of purchasing crypto, providing user-friendly interfaces that interact with exchanges in your stead. Some might charge higher fees than what would be found on regular exchanges; others may appear to be “free” but actually monetize off the information they collect from traders like you, selling it to large brokerages. Worse still, some have even been known not to execute trades at the market’s best price!

Despite their convenience, it’s important to be vigilant when dealing with brokers, as you may encounter limitations preventing you from transferring your cryptocurrency holdings away from the platform. Some, for instance, don’t allow users to move crypto out of their accounts at all.

Create an Account

Upon selecting your preferred cryptocurrency broker or exchange, sign up to open an account right away. Depending on the platform and how many coins you plan to purchase, it is necessary for you to validate your identity in order to protect against fraudulent activities as well as conform to regulatory obligations.

Before you can start acquiring or trading cryptocurrency, verification is a must. This may involve providing your driver’s license and passport as well as uploading a picture of yourself to ensure that the documents provided are indeed yours. With this procedure completed, you will be free to engage in cryptocurrency transactions with ease and confidence!

Deposit Money to Invest

To get your hands on some cryptocurrency, make sure you’ve got enough money in your account first. Transfer funds into the crypto platform by connecting it to a bank account or paying with a debit card – easy as that!

Place Your Order

Ready to experience the world of cryptocurrency? With money in your account, you can start making orders. The selection is nearly endless – from famous coins like Bitcoin and Ethereum to lesser-known ones like Holo or Theta Fuel. Hundreds of cryptos are there for you to explore!

When you decide which cryptocurrency to buy, you can enter its ticker symbol into the exchange or broker. For example, Bitcoin’s ticker symbol is BTC. You can also specify how many coins you would like to buy. With most exchanges, you have the option of buying fractional shares of cryptocurrency. This makes it possible for anyone to own a sliver of tokens like Ethereum or Bitcoin that cost thousands of rupees otherwise.

Choose Your Storage Option

Cryptocurrency exchanges are not overseen by the Reserve Bank of India, and they’re incredibly vulnerable to hackers or thefts. You can easily experience a loss of your investment if you misplace or forget the codes needed to access your account. It is absolutely crucial that secure storage be considered for any kind of cryptocurrency purchase.

When purchasing through a broker, you may have no choice but to accept their defaults when it comes to storing cryptocurrencies; however, this isn’t an issue with exchanging crypto: here, there exist more options available regarding how exactly your digital assets will be kept safe!

• Keep your crypto on the exchange. Usually, when you purchase cryptocurrency, it will be stored in a specialized digital wallet connected to that particular exchange.
• Hot wallets are crypto wallets that are stored and operated on internet-connected devices like phones, tablets, or computers, have become increasingly popular.
• Nothing is more protected than a cold wallet when it comes to the custody of cryptocurrency. This type of crypto wallet isn’t linked to the web, giving you maximum security.

Conclusion

Cryptocurrency is a thrilling, innovative asset class and a great way to increase passive income. By investing in cryptocurrency with the knowledge of how to buy crypto, you can enjoy the potential benefits of an emerging industry! However, do keep in mind that there are numerous risks associated with crypto investing – research thoroughly first and look for reputable platforms before making any hasty decisions. Good luck!

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What Does Blockchain Give to Online Dating in Asia?

Blockchain makes validation of profiles easy

Perhaps, one of the main problems and the main source of user complaints about online dating sites is fake profiles. Blockchain is a very clear and transparent identification system. When users share their data, it is safely stored in a chain. And the algorithm can check whether this information is correct or not when the user changes it and spot any inconsistencies or strange behavior. The distributed ledger of blockchain can make the user verification system way smarter and more accurate. 

Blockchain contributes to data security

Blockchain makes it very hard to crack a user profile. Security is organized in layers and you need to make a lot more effort than finding the right password to an account. Blockchain dating services can even rely on biometric data for granting access and thus it gets close to impossible to fake this data. And what is more, no one sane will even try to do it because it takes too much effort and gives a too small pay-off. 

Higher security benefits niche dating as well

Some dating communities will have a particular benefit from higher security. People who have special kinks can want to keep them secret from the rest of society. Extra data protection guaranteed by blockchain technology is the best way to make sure that all sensitive information about kinky habits or preferences of users stays confidential.

Higher security also means better matchmaking

In real life, your friends or colleagues can help you find someone who has similar interests or personality to yours. However, it is not that easy to find someone like you online. Yes, people can complete their profiles, add social networks, and tell about themselves in the bio. Then a special matchmaking mechanism will find similarities between profiles and suggest to you the most suitable ones. How can blockchain help?

As users know that their data is highly protected, they are more motivated to share data. More complete profiles result in more options for the matchmaking algorithm. And hence users get more precise profile recommendations based on their traits and desires. 

Blockchain gives alternative engagement points to users

More detailed profiles are the guarantee for good matchmaking, more satisfied couples, and hence a higher rating on the dating website. Dating websites can use tokens and cryptocurrency to reward users for completing their profiles. These tokens created specifically for the dating website can be later used on the site to unlock paid incentives, such as the option to reverse the choice, send a message to a stranger, or gifts. Likewise, tokens can be used to prevent unwanted behavior, like insulting other users. In the end, blockchain helps to develop a healthy and safe community. 

Blockchain can be used to encourage matchmakers

Some dating apps introduce a brand-new feature that uses blockchain. The idea is that the app invites one more type of user – matchmakers. Those people evaluate profiles and suggest matches this way improving the results of the matching algorithm. If the matched people become a couple or marry, you get a financial reward for a good job. This new role is getting more and more popular with dating app users and is completely based on the usage of blockchain.

So, blockchain is the technology that has the potential to deal with the hardest problems of online dating. It can grant users more security and encourage users to complete their profiles and participate in valuable activities. Blockchain can be the best technology for niche dating for its safety and accuracy when it comes to data protection. What do you think about blockchain? Would you trust online dating websites that use this technology?

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The current situation with bitcoin

After 2017, the price of bitcoin was close to $20,000 for the whole year and then it became clear that there is a bear market. Last year bitcoin was as high as $69,000. Probably it was exactly after the fall of Luna that crypto started to experience stress as well. 

So, we have to face our new reality. If before it was considered normal to buy bitcoin and keep it for four years. You could never go down like that. But now this is no longer true. For example, if you bought it in 2017 at $19,600 you could hold it straight till the recent fall to $17,300.

Keeping bitcoin for a long time: win or loss

So, does it still make sense to keep bitcoin for a long time? Well, when people think about high prices in 2017, they keep in mind $20,000. But they forget that almost all year the price was lower than $10,000. So only if you chose long-term stacking you could benefit from the rise. 

Today is definitely not the easiest time to invest. The macroeconomic environment is difficult, inflation rates are getting very high worldwide. It is becoming hard to invest in stocks and bonds. 

Now is the time to buy cheap bitcoin

Experts say that while many other assets can still face trouble, bitcoin has already gone through deleveraging and now is getting more stable. Many investors understood that investing in bitcoin is getting comparatively safer because bitcoin doesn’t depend on central banks and governments. 

Another optimistic side of the current situation is that you can buy bitcoins relatively cheaply. There always have been talks that the first owners of bitcoins were at an advantage and could buy them way cheaper. Well, now history gives you a nice moment to catch up. The market is likely to go up in a few years. And probably other people will look at you with envy in a couple of years. This is not the first fall of bitcoin and a rise will definitely follow. 

Online payments grow and strengthen bitcoin

The growth of Lightning payments also contributes to P2P market development and bitcoin growth as well. Several apps, such as a popular audio streaming app Sphinx, have introduced Lightning-powered payment systems to speed up payments. A number of services have appeared on the market to simplify the process of setting up the BTCPay Server and Lightning. This simplicity leads to the appearance of Lightning-powered gaming companies and news sites. 

Payments via Lightning are getting more reliable

Lightning service providers and turbo channels are two relatively new concepts that make Lightning-powered mobile wallets even more popular. LSPs let users get satoshis very fast. And turbo channels exclude waiting from the process of confirmation. 

Some experts say that the current situation will result in the growth of P2P markets. Individuals will soon start to trade more by exchanging their goods for bitcoin. 

Bitcoin is getting closer to average people

Though initially bitcoin seemed to be a toy of rich people and speculators, today bitcoin is getting closer to people. At the recent Oslo Freedom Forum, there were so many representatives from Togo, Ethiopia, Afghanistan, and other not very rich countries. People are using bitcoin to protect their savings from high inflation and pushy bank policies. Now, bitcoin is getting more about people. Special events and bitcoin academies are being organized to teach people how to safely use bitcoin, how to protect their privacy, and how to set things up right. 

To conclude, bitcoin experienced such falls before. It will go up and fall once again in the future. This time is an opportunity to buy satoshis at a cheap price and see in the future that your decision was correct.

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The first blockchain-based games appeared back in 2014, when online casinos began accepting payment in BTC. A major milestone in the GameFi industry was the emergence of the startup CryptoKitties in 2017. Players could breed NFT kittens with subsequent sale, and for good money. The project demonstrated: it is now possible to not only spend money while playing, but also to earn money.

Further blockchain proliferation in the gaming industry, without non-interchangeable tokens, was already hard to imagine. Users became owners: of characters, artifacts, and other items. The emergence of private property invariably entails commercial legal relations.

However, the very fact of the emergence of NFT did not become a driver of growth in the GameFi sector. High commissions in the Etherium network significantly hampered the process.

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The total blocked value of assets in decentralized finance (DeFi) projects exceeded $111 billion in November, setting an all-time high, according to DeFi Pulse. In 2021, the DeFi sphere has grown manifold, and many new decentralized projects have emerged in the crypto market. Experts have predicted what will happen to the industry next year and what risks may await investors looking to invest in DeFi projects.

The segment of the decentralized finances today has the highest liquidity and investment attractiveness, the senior analyst noted. In his opinion, the prospects for the DeFi sphere will remain at a high level even in moments of a bearish trend in the crypto market.

The DeFi segment will continue to grow for years to come because stabelcoins are the driving force behind the industry, the analyst said. In case of other cryptocurrency trend of recent years – NFT, it does not have such a stable basis and NFT market is more subject to moods and manipulations of investors, Zuborev explained.

The decentralized finance segment will only grow and develop in the future, the crypto-exchange financial analyst is confident. He argues that it is on the basis of DeFi-projects that the entire financial system of the world will change.

“Hence, there will probably be close attention from regulators, because the future is behind these technologies,” the analyst added.

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Mining requires a lot of electricity. The average electricity consumption of a bitcoin network can compare to the needs of entire countries. The University of Cambridge talks about a figure of 97 terawatts per year. About the same amount of energy per year is consumed by Kazakhstan or the Netherlands. By comparison, only a year ago the figure barely exceeded 73 terawatts annually.

Experts find it difficult to accurately assess the carbon footprint of bitcoin mining, but they agree that the cryptocurrency is taking a heavy toll on the environment. In China, which accounts for more than half of the entire BTC system, most of the electricity is produced in coal-fired power plants. This method of mining is the cheapest in China.

The other side of the coin is the cost of electricity. For many miners it becomes unprofitable to mine coins, because the electricity costs exceed the income from mining. From China and Germany, miners are moving to Scandinavia, Russia, the United States and Canada. Mining in countries with colder climates reduces the cost of bitcoin.

Although the reason for migration is most often a concern for their own income, all this has led to the search for alternative solutions and the emergence of “green,” or ecological, mining.

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