The cryptoverse is growing at a pace that is rather hard to keep a track of. However, if you could grasp the basic concepts, the crypto world will stop being as equivalent to the difficulty of rocket science.
A cryptocurrency is a digital currency that exists virtually and intangibly over a computer network and is not supported or overlooked by a given central authority, such as government or bank or any financial institution. Crypto is based on blockchain technology. A blockchain is a virtual ledger of transactions that is duplicated and shared across the blockchain's network of computer systems. Blockchain is a method of storing data and information in such a manner that it is difficult or impossible to alter, hack, or duplicate it.
The next thing one needs to know is how to make the best out of the financial opportunities offered by the crypto market. The market is flooded with volatility but that is precisely what makes it profitable. ‘Buying the dip’ implies investing in a cryptocurrency while it experiences a fall in its value. This could turn crypto acquired into an asset when it shows a surge in value over time. With such basic concepts, beginners start their crypto journey and learn about fintech as they go.
To know more about the cryptos, here are two case studies of cryptos that are old and new respectively.
Litecoin (LTC) Follows The Conventional Crypto Blueprint
Litecoin (LTC) was released all the way back in October 2011. Due to its extensive track record and demonstrated capacity to weather periods of extreme volatility, Litecoin could be a good long-term investment option for investors.
Despite its advanced age, the LTC development team continues to add new features to keep up with the fast-paced financial industry. Not only has the coin remained relevant, but it has also shown great promise. The most recent version, released in January, focuses on security and privacy by making digital ledger transactions anonymous.
LTC has been the perfect example of how dynamic cryptocurrencies are in the sense that they are inclusive of regular upgrades in the face of financial and technological changes. It is essential to understand that constant development is the only convention in the cryptomarket.
Logarithmic Finance (LOG) Makes it Fresh Into The Market
Logarithmic Finance (LOG) is a token in the market that investors and analysts are rather excited about. It functions on a layer 3 protocol which makes it a cross-chain and multi-chain platform. This implies that the token is available across major blockchain networks such as Solana, Ethereum, Avalanche, Binance Smart Chain, Polygon, and Tezos.
The developers of LOG aim to bring a level of convenience to the interaction between investors, artists, and fintech developers. In the bigger picture, this has all the potential to revolutionise the fintech world as we know it.
The LOG tokens are currently in their presale phase. Investors can acquire this crypto at a low value and sit back as it reaps heavy profits in the coming days. Ever since its launch, the token has shown steady increase in value. This value hike along with the platform’s whitepaper is actively being acknowledged as a sign of faith in LogarithmicFinance.
Learn more about Logarithmic Finance (LOG) here: