Zignaly Profile picture
Nov 15 8 tweets 5 min read
(1/8) #Altcoins🟡 are any blockchain-based digital project tokens apart from #Bitcoin ₿. This thread focuses on types of altcoins and their functionality. 🦾🧵
Learn more at 👇
medium.com/zignaly/llts05… Image
(2/8) All Altcoins use the #blockchain as an unchangeable, #decentralized public database that only accepts and records a payment if there is widespread agreement that it is authentic. 📊✅
(3/8) Numerous #altcoins have built off Bitcoin’s original concept but with differing ends in mind or by fixing some perceived shortcomings of the original. 🖨
(4/8) ⚡️The use cases for alternative cryptocurrencies are diverse and can include #governance, #utility, and even monetary transactions. There are also various types of #altcoins that are mentioned below. ⚡️
(5/8) #MiningBasedCoins
Coins based on mining are “mined” into existence by communications systems solving complex statistical problems. ⛏₿
(6/8) #Stablecoins
Stablecoins are a form of #cryptocurrency whose worth is tied to another asset, most often the U.S. dollar. 💰
(7/8) #StakingBasedCoins
These cryptocurrencies use #staking to validate #transactions and increase the supply of coins. 📈🟡
(8/8) #GovernanceTokens
Governance tokens are #digitalassets that grant their owners the power to vote on the project’s direction. Because of this, #cryptocurrency is a #decentralized initiative since all owners have a say, and a single authority doesn’t make choices. 👨🏿‍⚖️🟡

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More from @zignaly

Nov 16
(1/9) Congratulations on unlocking the treasure of Ethereum's secret uses! 💥
#Ethereum, the 2nd most popular #cryptocurrency, has skyrocketed in the market with substantial gains over the years.
Learn more at 👇 🧵
(2/9) The Ethereum Blockchain allows users to run decentralized applications and perform efficient transactions with its project token - ETHER 🔥
(3/9) What makes Ethereum different? It allows users not just to run simple applications but also real-world applications! 🌐
Read 9 tweets
Nov 14
(1/12) ⚡️#Bitcoin 🪙 represents a possible alternative to the current centralized fiat money system.

⚡️What are the uses of Bitcoin? 🤔
Learn More 👇
medium.com/zignaly/llts04… Image
(2/12) Neither the #Bitcoin network nor the cryptocurrencies are yet fully-regulated, and are widely utilized for everyday purchases. 😲
(3/12) Bitcoin’s worth may be compared to rare metals, at least in theory. 💎🧈 Both are scarce and find only limited application. The #BlockchainTechnology that Bitcoin is based on has a variety of potential applications in the banking and finance sectors. 🦾
Read 12 tweets
Nov 11
Hello #everyone! This is the 6th update on the final stage of the evolution of #Zignaly’s #ProfitSharing 2.0. This week we have an important #announcement to make! But first, I would like to share something about the new Profit Sharing interface we are working on. (1/10) Image
The initial version of #PS2.0 that we will release is finished from the back end, but the UI still has basic functions, while the full version comes later. That way, we can launch the most needed functionalities without delaying the whole deployment. (2/10)
Profit Sharing 2.0 is a massive update and includes most of the requests from our Zignaly community in the last 2 years, so we still have a lot to add - and, we will keep doing that! (3/10)
Read 10 tweets

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