Solana (SOL) Solana (SOL) is a decentralized computing platform that uses SOL to pay for transactions. The currency aims to improve blockchain scalability by using a combination of proof of stake consensus and so-called proof of history. As a result, Solana claims to be able to support 50,000 transactions per second without sacrificing decentralization. Solana…
Bitcoin (₿) Bitcoin (₿) is a decentralized digital currency, without a central bank or single administrator, that can be sent from user to user on the peer-to-peer bitcoin network without the need for intermediaries. Transactions are verified by network nodes through cryptography and recorded in a public distributed ledger called a blockchain. An unknown person or group of people using the name…
Polkadot (DOT) Polkadot (DOT) is a unique proof-of-stake cryptocurrency that aims at delivering interoperability among other blockchains. The design of the protocol is to connect permission and permissionless blockchains, as well as oracles, to allow systems to work together under one roof. Polkadot’s core component is its relay chain that allows the interoperability of varying…
Binance Coin (BNB) Binance Coin is the cryptocurrency issued by Binance exchange and trades with the BNB symbol. As of June 2021, Binance Exchange is the largest cryptocurrency exchange in the world, supporting more than 1.4 million transactions per second. Binance Coin (BNB) is an ERC20 token issued on the Ethereum blockchain by the popular cryptocurrency exchange Binance. BNB price 426.3…
How exchange rate is determined Current international exchange rates are determined by a managed floating exchange rate. The economic actions of its government or central bank affect each currency’s value that means a managed floating exchange rate. The managed floating exchange rate hasn’t always been in use. The gold standard controlled international exchange rates until…
How traders make money Traders make money by employing trading strategies that indicate when a market is likely to advance or decline and then place orders accordingly to catch that move. To be able to not only profit from positive swings, but many traders also make use of a combination of short orders and buy…