BcCryptonian

Introduction There are many cryptocurrencies in the crypto space. Many of them are present to make noise and distract you from investing in real utility-driven crypto projects. This is a fact that only a few people in this space know. So, if you are reading this article, consider yourself lucky! While the media creates hype around the greatest cryptocurrency or the "father of all cryptocurrencies," which is Bitcoin, you would be surprised to know that Bitcoin is only considered a store of value based on the perception of people.  Bitcoin does not offer real-world utility, it does not offer smart contract functionalities, it is slow, expensive and it does not have any place in the new financial world that is going to take place in the future. In this article I will break down: What ISO 20022 is Why ISO 20022 is special What ISO-compliant cryptocurrencies mean The list of ISO-compliant cryptos Why most other coins could be left behind What is ISO 20022? ISO 20022 is a universal...

Key Takeaways Market Capitalization (Market Cap) represent the total market value of an asset. Market Cap does not mean total money invested. Market Cap does not determine price action. Market Price is determined by supply, demand and liquidity. What is Market Capitalization? Market Capitalization or Market Cap is a measure of the total market value of a single cryptocurrency, or all cryptocurrencies combined. It is calculated as: Market Cap = Current Price × Circulating Supply 💡Circulating supply means the amount of cryptocurrency that has been created and released and currently in circulation in a market by a certain cryptocurrency project. For example, Bitcoin circulating supply currently is 19.83 million, price of bitcoin is currently 83,000, therefore, total market cap of bitcoins would be 19.83M x $83,000 = 1.64 trillion. But what is the point of this concept? Actually, the main idea of this concept is to reflect the Importance, value or the size of the market for a certain asse...

Introduction One of the most exciting times of the cryptocurrency space is the bull run where prices of crypto keep rising in unimaginable and mind-bending levels like 1000% and sometimes 10000% within a very short period of time. The amount of money that can be made in a Bull run is so huge that if invested in the right crypto projects in the right time can make you a millionaire and retire you in no time. But in a cryptocurrency bull run, the flow of money does not happen evenly among all the cryptocurrencies. Instead, capital flows like a predictable pattern, transitioning from Bitcoin to altcoins. Understanding this flow will help you as investors to time your entries and exist as well as diversify your cryptocurrency portfolio to reap maximum gains. Phases of a Cryptocurrency Bull Run Phase 1: Bitcoin Takes the Lead A bull run often begins with a strong movement in Bitcoin (BTC). Bitcoin is the cryptocurrency with the biggest market capitalization, so in a bull run, usually Bitcoi...

Introduction Cryptocurrency transactions heavily depend on public addresses. When you want to send your crypto to another wallet or to a friend, you should provide the public address or the recipient address to your exchange or your wallet so that your exchange or personal wallet can initiate the transaction and send crypto to that specific address. Wallet addresses or public addresses are a very long string of characters and numbers which make it very difficult to remember, therefore we always tend to copy and paste or find the easiest way to provide them when carrying out crypto transactions. Cybercriminals have taken advantage of this and therefore developed very sophisticated scams that trick users into sending their crypto into scammers crypto addresses. In this article, I will cover 3 common crypto address scams that are out there to get you. I will explain them with examples and also show you how to stay safe and secure your cryptocurrencies in this digital space. 1. Address Poi...

Introduction Every cryptocurrency that operates on a public blockchain can be tracked down to the individual user if government authorities want to. But why do people say that cryptocurrency provides anonymity when doing financial transactions? The answer is cryptocurrencies do not provide anonymity but pseudonymity . Pseudonymity in crypto means your name is not directly linked to financial transactions made on the blockchain, instead you are given a public address by the wallet software or by an exchange to do your crypto transactions. However, transactions are still recorded on a public ledger, and with sufficient analysis, they can potentially be traced back to individuals. In 2013, when the FBI shut down Silk Road – the dark market where Bitcoin was the go-to payment method – a lot of people thought Bitcoin kept their transactions anonymous and untraceable.  But that was far from the truth. All Bitcoin transactions are visible to anyone, and with the right tools like Chainaly...

Introduction Are you hesitant to get into skyrocketing Stock and Crypto prices? Well, you should be, because asset prices tend to bubble and eventually pop, leaving many uninformed or novice investors with massive losses while only the smart investors take a lion's share and get out of the market with huge profits. This is one of the main reasons why the rich get richer and the poor get poorer . Why? Because the rich are financially smart, they make smart moves with money that leaves the middle income and low-income earners helpless wondering what happened to their money when it comes to risky investments.  But don't worry, by reading this article, you will understand why market bubbles form and what causes them to pop. If you read this article, consider yourself lucky because I'm going to teach you some insights that you won't find easily online. Before we jump into how bubbles form and what causes them to pop, let's first understand what really happens in a financ...

Introduction In cryptocurrency transactions, when a user carries out a Bitcoin or any other crypto transaction, the network nodes must verify its authenticity before recording it on the blockchain .  These nodes ensure that the transaction hasn’t been altered or compromised by a third party during the transmission and that it was genuinely sent by the rightful owner. But how do they confirm this? That’s where digital signatures come into play. What is a Digital Signature in Cryptocurrency Digital signature is a cryptographic tool that is used to prove the authenticity and integrity of the transaction. In the crypto world, the digital signature is used to prove that the owner of a specific amount of   cryptocurrency   has authorized a transaction to transfer it to someone else. A simple analogy to understand is a handwritten signature on a bank cheque. When you sign a cheque, you are authorizing the bank to transfer a specific amount of money to someone else's account. T...