Hey, Your Crypto Newsletter for April 14, 2021

If you are interested in cryptocurrencies, this newsletter is for you. [FeedBinary Newsletter]( You Might Like     [Learn more about RevenueStripe...](   [Dogecoin: The meme that transformed into a real cryptocurrency](  Inside the rise of Dogecoin, the cryptocurrency currently snagging headlines. June 22, 2014. Jackson Palmer, a self-identified “average geek,” is high in the stands at a Nascar race at the Sonoma Raceway in California. He is an Australian man in his 20s. He has zero interest in racing. Never in his wildest dreams did he imagine it would come to this. He surveys the scene. Below him: a tremendous crowd. The overwhelming blare of engines. Hurtling round at tremendous speeds: the #98 Moonrocket, a high-performance racing car. No different from the other cars on the track, except for one crucial detail. On the bonnet of the car: a dog. A Shiba Inu, more commonly known as a “Shibe,” the dog made famous in the Doge meme that was popular in 2013. Emblazoned on top: the word “DOGECOIN” in all caps. Below: “digital currency”. Palmer describes the situation using words like “crazy,” “surreal” and “nuts.” He remembers this moment as a “reality check.” Dogecoin was a tweet, then it was a cryptocurrency worth money in the real world. Six months later, he watched as a joke that he’d made in passing somehow manifested itself into something tangible. A Dogecar in full flight.  [Read More](   [How Is Blockchain Changing the World? Application, pros, and cons of blockchain](  Any company, whether it is a 20Bet sports betting site, a small home business, or a huge entertainment company, is looking to reduce the paperwork and the number of middlemen – blockchain can be the answer to these problems. What is this technology famous for and why spend money on it, let’s figure it out together. Blockchain Technology Application The peculiarities of the blockchain are such that it does not need an intermediary to authenticate the records. For example, when you buy a piece of land, in addition to financial transactions, you also need documentary evidence of your right to your property. This is done by a notary – an intermediary who will draw up the documents, with his signature he will approve your right and enter it into a single register. Another example: you buy expensive drugs from a well-known brand, but there are also fakes on the market. You will use markers to identify them. But if the authenticity of this product is implemented in the blockchain, then you will not need to verify your product. With the help of blockchain, all suppliers can reliably and autonomously identify their products (processing can combine products from different manufacturers), and sellers’ networks can tell consumers exactly where and what product was delivered from and who the manufacturer is. Blockchain technology is replacing an army of people in government agencies involved in document verification. Blockchain will replace the concept of digital signature: it will remove fake websites, virus programs, fake news, online piracy. The blockchain is capable of confirming the authorship of the material.  [Read More](   [Will Ether remain the second largest cryptocurrency?](  Smaller cryptocurrencies like Polkadot and Cardano are challenging Ethereum’s dominance of the smart contract space. Ethereum’s 1 330% sprint over the last 12 months has been driven by the dramatic emergence of decentralised finance (DeFi) and non-fungible tokens (NFTs), but there are other cryptocurrencies that are nipping at its heels for dominance in this space. Chief among them are Cardano, up more than 3 500% over the last year, and Polkadot, up 1 360% since it first traded in August 2020. How are these cryptocurrencies different to bitcoin? Bitcoin’s primary purpose is to establish itself as a viable alternative to traditional fiat currencies (like rands or dollars) and it was designed to be peer-to-peer digital cash. Today, bitcoin is used as both a store of value (similar to gold) and a medium of exchange (like a normal currency). Unlike bitcoin, Ethereum, Polkadot and Cardano are cryptocurrency projects that provide the blockchain technology to do more than just act as a store value or digital cash. They offer multi-purpose blockchains for smart contracts and decentralised applications to run. This means that their blockchains can be used in multiple ways, depending on what the end user wants to accomplish. As an example, ether – the native cryptocurrency of Ethereum’s blockchain – can be used as a digital currency just like bitcoin, but that is not its primary purpose. Instead, ether’s primary purpose is to power its blockchain, much like oil is used to power the global transportation networks.  [Read More]( You Might Like     [Learn more about RevenueStripe...]( Connect with FeedBinary on social media [Facebook]( [Twitter]( [Linkedin]( You received this email because you operate or create content for a website/service and based on your website it seemed like this could be important information to you and your users. This newsletter is managed by [Postbox Consultancy Services Pvt. Ltd](.C-4/5, IBD Emporia, Kolar Road, Bhopal, Madhya Pradesh, INDIA, 462042 Want to change how you receive these emails? [Update your preferences]( or [Unsubscribe](