{"id":3003,"date":"2016-12-24T13:03:18","date_gmt":"2016-12-24T07:33:18","guid":{"rendered":"http:\/\/carajput.com\/blog\/?p=3003"},"modified":"2022-02-02T16:23:08","modified_gmt":"2022-02-02T10:53:08","slug":"corporate-and-professional-update-dec-24-2016","status":"publish","type":"post","link":"https:\/\/carajput.com\/blog\/corporate-and-professional-update-dec-24-2016\/","title":{"rendered":"Characteristics of a good cryptocurrencies"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_58 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<p class=\"ez-toc-title\">Page Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-69d2630266892\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #000000;color:#000000\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #000000;color:#000000\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-69d2630266892\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/carajput.com\/blog\/corporate-and-professional-update-dec-24-2016\/#WHAT_ARE_THE_CHARACTERISTICS_OF_GOOD_CRYPTOCURRENCIES\" title=\"WHAT ARE THE CHARACTERISTICS OF GOOD CRYPTOCURRENCIES\">WHAT ARE THE CHARACTERISTICS OF GOOD CRYPTOCURRENCIES<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/carajput.com\/blog\/corporate-and-professional-update-dec-24-2016\/#ANALYSIS-_TOP-RATED_CRYPTOCURRENCY\" title=\"ANALYSIS- TOP-RATED CRYPTOCURRENCY\">ANALYSIS- TOP-RATED CRYPTOCURRENCY<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/carajput.com\/blog\/corporate-and-professional-update-dec-24-2016\/#ADVANTAGES_%E2%80%93_CRYPTOCURRENCY\" title=\"ADVANTAGES &#8211; CRYPTOCURRENCY\">ADVANTAGES &#8211; CRYPTOCURRENCY<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/carajput.com\/blog\/corporate-and-professional-update-dec-24-2016\/#DISADVANTAGES-_CRYPTOCURRENCY\" title=\"DISADVANTAGES- CRYPTOCURRENCY\">DISADVANTAGES- CRYPTOCURRENCY<\/a><ul class='ez-toc-list-level-4'><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/carajput.com\/blog\/corporate-and-professional-update-dec-24-2016\/#CHARACTERISTICS_OF_GOOD_CRYPTOCURRENCIES\" title=\"CHARACTERISTICS OF GOOD CRYPTOCURRENCIES\">CHARACTERISTICS OF GOOD CRYPTOCURRENCIES<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/carajput.com\/blog\/corporate-and-professional-update-dec-24-2016\/#FINAL_COMMENTS\" title=\"FINAL COMMENTS\">FINAL COMMENTS<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<figure id=\"attachment_15218\" aria-describedby=\"caption-attachment-15218\" style=\"width: 997px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2016\/12\/CHARACTERISTICS-OF-A-GOOD-CRYPTOCURRENCIES.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-15218\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2016\/12\/CHARACTERISTICS-OF-A-GOOD-CRYPTOCURRENCIES-300x177.jpg\" alt=\"CHARACTERISTICS OF A GOOD CRYPTOCURRENCIES\" width=\"997\" height=\"588\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2016\/12\/CHARACTERISTICS-OF-A-GOOD-CRYPTOCURRENCIES-300x177.jpg 300w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2016\/12\/CHARACTERISTICS-OF-A-GOOD-CRYPTOCURRENCIES.jpg 766w\" sizes=\"(max-width: 997px) 100vw, 997px\" \/><\/a><figcaption id=\"caption-attachment-15218\" class=\"wp-caption-text\"><span style=\"color: #ffffff;\">CHARACTERISTICS OF A GOOD CRYPTOCURRENCIES<\/span><\/figcaption><\/figure>\n<h2><span class=\"ez-toc-section\" id=\"WHAT_ARE_THE_CHARACTERISTICS_OF_GOOD_CRYPTOCURRENCIES\"><\/span><span style=\"color: #ff0000;\">WHAT ARE THE CHARACTERISTICS OF GOOD CRYPTOCURRENCIES<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"ANALYSIS-_TOP-RATED_CRYPTOCURRENCY\"><\/span><span style=\"color: #000080;\"><strong>ANALYSIS- TOP-RATED <a style=\"color: #000080;\" href=\"https:\/\/www.caindelhiindia.com\/blog\/top-10-cryptocurrency-and-its-features\/\">CRYPTOCURRENCY<\/a><\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>The 1st cryptocurrency introduced in the market was Bitcoin and it was invented in 2009 by Satoshi Nakamoto. The market doesn\u2019t know the actual identity of Satoshi Nakamoto, but the groundwork laid by the invention of Bitcoin paved the way for other digital currencies.<\/li>\n<li>It also led to the growing acceptance of cryptocurrencies as both an investment opportunity and as a medium of exchange,\u00a0how\u00a0to securely transfer money from one currency owner\u00a0to a different\u00a0digitally and without\u00a0the employment\u00a0of traditional banks or financial institutions.<\/li>\n<li>Cryptocurrencies are designed to function as money, an alternative to the fiat currencies of the planet, many of which are in various stages of erosion through inflation or are in danger of government seizure.<\/li>\n<li>Greece, a country with a forty-five-income tax rate, seizes over 900 bank accounts per day. The island nation of Cyprus, a budding financial centre, suffered the consequences of Greek debt defaults, forcing Cyprus\u2019 government to seize depositor\u2019s funds to stay solvent.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"ADVANTAGES_%E2%80%93_CRYPTOCURRENCY\"><\/span><span style=\"color: #000080;\"><strong>ADVANTAGES &#8211; CRYPTOCURRENCY<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Cryptocurrencies offer several advantages\u00a0in comparison\u00a0with traditional banking, money transfers, and fiat currencies.<\/strong><\/p>\n<ul>\n<li>Many cryptocurrencies have been designed, keeping in mind the factor of privacy, along with the controls to obscure the identity of the sender and receiver of cryptocurrency funds. Only cash provides similar anonymity.<\/li>\n<li>It\u2019s important to notice that some cryptocurrencies, like <a href=\"https:\/\/carajput.com\/blog\/basic-concept-of-bitcoin-taxation-in-indian\/\">Bitcoin<\/a> and Ethereum, are only pseudo-anonymous. Once one is in a position to connect a cryptocurrency address to your identity, they\u2019re able to view all the transactions you\u2019ve made there with the crypto address.<\/li>\n<li>Cryptocurrency owners use a wallet to access their currency and receive or send funds from a particular wallet address that uses a secret key for access.<\/li>\n<li>Some use such exchange in order to store currency, even though this practice contains additional risk. The record of the currency exists on the blockchain with a replica stored on every full node, a computer that keeps a ledger locally and syncs with other computers online.<\/li>\n<li>Your money isn\u2019t\u00a0in an exceedingly\u00a0single bank,\u00a0or perhaps\u00a0several. Such a decentralized nature of cryptocurrency makes them less\u00a0liable to\u00a0seizure or localized risks, thereby reducing the chances of fires or hardware failures.\u00a0The information\u00a0isn\u2019t just stored off-site, it\u2019s copied worldwide\u00a0to all or any\u00a0full nodes.<\/li>\n<li>Bitcoin features a fixed supply. Over 17 million Bitcoin are in existence. Such a fixed supply, in return, provides Bitcoin and other cryptocurrencies, the similar characteristics as gold, silver, or other precious metals.<\/li>\n<li>Unlike U.S. Dollars, British Pounds or the other fiat currency, after the total supply is in circulation, the availability will never grow, devaluing the currency\u2019s buying power.<\/li>\n<li>Smart contracts. Most all cryptocurrencies have the feature, which discourages duplication with fiat currencies.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"DISADVANTAGES-_CRYPTOCURRENCY\"><\/span><span style=\"color: #000080;\"><strong>DISADVANTAGES- CRYPTOCURRENCY<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>Cryptocurrencies include an inventory of considerations that will help investors make safer investments. Since the blockchain industry remains in its infancy, most cryptocurrencies are highly volatile.<\/li>\n<li>This being said, some cryptocurrencies, like stablecoins, offer low-risk investments with higher returns than riskier investments like property.<\/li>\n<li>Market adoption &#8211; Awareness for Cryptocurrencies is growing, but most of\u00a0the main target\u00a0has been on Bitcoin. Relatively few retailers accept cryptocurrencies for payment, but there are\u00a0some.<\/li>\n<li>Overstock.com announced in 2017 that\u00a0they&#8217;d\u00a0accept cryptocurrencies as payment. Payments\u00a0are going to be\u00a0limited to Bitcoin, Ethereum, Litecoin, Dash, and Monero, giving\u00a0the opposite\u00a01,500+ cryptocurrencies the\u00a0cold shoulder.<\/li>\n<li>Obsolescence &#8211; As many as 1,000 cryptocurrencies have failed already, with more currencies certain to follow.<\/li>\n<li>The foremost common failure exists at the time of Initial Coin Offering (ICO) or shortly thereafter, where many of the coins tend to find a crowded marketplace for coins with similar characteristics to existing offerings, causing scepticism among investors.<\/li>\n<li>In another case, the ICO itself was just a cash grab, with the founders running off with investor funds. Currently, ICOs are unregulated.<\/li>\n<li>Abandoned Projects &#8211; Most of the investment, made to cryptocurrencies, is mainly concentrated\u00a0on\u00a0a comparatively\u00a0small group of coins.<\/li>\n<li>Without investor interest, projects tend to be abandoned, thereby leaving investors with essentially worthless digital coins.<\/li>\n<\/ul>\n<h4><span class=\"ez-toc-section\" id=\"CHARACTERISTICS_OF_GOOD_CRYPTOCURRENCIES\"><\/span><span style=\"color: #000080;\"><strong>CHARACTERISTICS OF GOOD CRYPTOCURRENCIES<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<ul>\n<li>Adoption rate &#8211; Cryptocurrencies tends to have high speculative investments and thereby lead to the biggest gains among newly introduced coins or coins whose technology is unique to the market, for instance, Dogecoin.<\/li>\n<li>More cautious investors may prefer to examine the adoption rate, focusing portfolio investment on cryptocurrencies that are currently utilized in real-world transactions.<\/li>\n<li>Market cap \u2013 Most of the time, the market cap of a given cryptocurrency tends to go hand-in-hand with liquidity. Fledgling cryptocurrencies\u00a0do not get market, thereby preventing investors from exiting the position profitably.<\/li>\n<li>Promising new technology &#8211; Ethereum and Polygon witnessed stratospheric gains in 2017 due to their innovative technology built into their respective platforms.<\/li>\n<li>Security or Anonymity Features &#8211; Technology\u00a0in the form of\u00a0smart contracts, being founded in Ethereum\u00a0and a number of other cryptocurrencies, is used to make transactions\u00a0safer.<\/li>\n<li>Some cryptocurrencies like Monero place\u00a0a robust\u00a0specialize in\u00a0anonymity, obscuring the identity of the sender and receiver of funds.<\/li>\n<li>Industry utility &#8211; Ethereum and Polygon are some of the examples, with utility beyond an easy medium of exchange.<\/li>\n<li>Ethereum is that the base layer of the decentralized finance revolution and Polygon is that layer 2 where transactions and smart contracts can execute at scale.<\/li>\n<\/ul>\n<h4><span class=\"ez-toc-section\" id=\"FINAL_COMMENTS\"><\/span><span style=\"color: #000080;\"><strong>FINAL COMMENTS<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<ul>\n<li>If you\u2019re new to cryptocurrencies, it would be better to invest only working capital and thereby build a portfolio using widely traded cryptocurrencies. Initial coin offerings may be tempting.<\/li>\n<li>Almost as common may be a precipitous fall following the ICO. Many of the new investors have found themselves without any option.<\/li>\n<li>If cryptocurrencies are here to remain, some superb opportunities are likely to exist among the foremost commonly traded currencies, while also minimizing risk thanks to abandoned projects or lack of liquidity.<\/li>\n<\/ul>\n<p><strong>Popular blog:-<\/strong><\/p>\n<ul>\n<li><em><u><a href=\"https:\/\/carajput.com\/blog\/all-about-cryptocurrency-taxation-scenario-in-india\/\" data-cke-saved-href=\"https:\/\/carajput.com\/blog\/all-about-cryptocurrency-taxation-scenario-in-india\/\">Cryptocurrencies Taxation Scenario in India<\/a><\/u><\/em><\/li>\n<li><a href=\"https:\/\/carajput.com\/blog\/guidance-required-on-major-concern-in-crypto\/\">Guidance on major concern in Cryptocurrency<\/a><\/li>\n<\/ul>\n<p>FOR FURTHER QUERIES CONTACT US:<\/p>\n<p>W:\u00a0<a href=\"https:\/\/carajput.com\/\">www.carajput.com<\/a>\u00a0\u00a0 \u00a0E: <a href=\"https:\/\/carajput.com\/\">singh@carajput.com<\/a> \u00a0 T: 9-555-555-480<\/p>\n","protected":false},"excerpt":{"rendered":"<p>WHAT ARE THE CHARACTERISTICS OF GOOD CRYPTOCURRENCIES ANALYSIS- TOP-RATED CRYPTOCURRENCY The 1st cryptocurrency introduced in the market was Bitcoin and it was invented in 2009 by Satoshi Nakamoto. The market doesn\u2019t know the actual identity of Satoshi Nakamoto, but the groundwork laid by the invention of Bitcoin paved the way for other digital currencies. It &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9891],"tags":[1124],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/3003"}],"collection":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/comments?post=3003"}],"version-history":[{"count":5,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/3003\/revisions"}],"predecessor-version":[{"id":21756,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/3003\/revisions\/21756"}],"wp:attachment":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/media?parent=3003"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/categories?post=3003"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/tags?post=3003"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}