Zignaly Profile picture
Nov 19 โ€ข 10 tweets โ€ข 7 min read
(1/10) The hype and effusion of #crypto has been crazy in the past few years. There are still aspects that remain obscure to most people. We unroll the mysteries of crypto in this thread. ๐Ÿง๐Ÿ”ฎ๐Ÿงต

Learn More ๐Ÿ‘‡
medium.com/zignaly/llts09โ€ฆ
(2/10) What is #cryptocurrency? โšก
Cryptocurrency is a #decentralized #digitalasset that exists on the blockchain. ๐ŸŒ It is not controlled by any authority but solely belongs to its owner.

#Crypto being decentralized implies that it runs on a peer-to-peer relationship. ๐Ÿค
(3/10) There is no need for a third party to intervene in a #transaction; it is based on a peer-to-peer relationship.

The currencies are stored in virtual platforms called #digitalwallets. But why are #cryptocurrencies named like this? ๐Ÿค”๐Ÿ’ฑ
(4/10) The reason is that these assets are #encrypted and reliable. An advanced coding mechanism ensures the security of #transactions and the assets that users own. ๐Ÿ‘จโ€๐Ÿ’ป
(5/10) #Crypto started in 2009, and the first coin to be traded was #Bitcoin.

To this day, it enjoys considerable fame and success. Cryptos enjoy this reputation because of their high potential to earn massive profits for their owners. ๐Ÿ“ˆ๐Ÿ”ฅ
(6/10) Crypto has multiple uses and utilities, including purchasing goods and making #investments. Since the markets are highly #volatile, profits can be through the roof, but losses could also plummet the value to the ground. ๐Ÿ’Ž๐Ÿ’Ž๐Ÿ’Ž
(7/10) What is #blockchain, you may ask?
The blockchain is the platform on which #cryptocurrencies exist. It is a medium on which transactions occur and the record is stored; it also acts as a public ledger. ๐Ÿงฑโ›“๏ธ๐Ÿ’ฏ
(8/10) The idea and system sound very cool, but it is important to keep an eye out for possible risks associated. Since #crypto is online, it could be prone to hacking and #cyberattacks. They are uninsured and not regulated by a third party. ๐Ÿ‘พ๐Ÿ•ต๐Ÿปโ€โ™‚๏ธโŒ
(9/10) How to purchase #Crypto?
#Crypto exchange platforms enable investors to buy crypto. They offer multiple #cryptoassets and reliable wallets with secure account options. Before you sign-up, look for their charges, security and features, and other options. ๐Ÿ’ณ๐Ÿ›’
(10/10) Understanding #crypto is not difficult science, but it is indeed an advantage to be aware of how the whole infrastructure works. ๐Ÿš€๐ŸŒŒ

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More from @zignaly

Nov 18
(1/10) Due to the high cost of spamming the #network, #Ethereum miners are compensated for the energy consumed in verifying #transactions.

But what exactly is this compensation fee? Learn more below โ›ฝ๏ธ๐Ÿงต
medium.com/zignaly/llts08โ€ฆ
(2/10) โšก๏ธWhat is ETH Gas Fee? โšก๏ธ

Gas fees are an efficient way to encourage #miners to continue confirming transactions and maintaining network security.

They are still the most despised component of #Ethereum for every user. ๐Ÿ’ธ๐Ÿ”’
(3/10) People despise gas taxes not simply because they dislike taxes in general but also because they can be exorbitantly expensive if the #network is overburdened. ๐Ÿ’ฑ๐Ÿ’ฒ
Read 10 tweets
Nov 18
(1/6) We announced our Private Beta Launch of #ProfitSharing 2.0 in AMA yesterday! ๐Ÿ“…

Hello #everyone; this is the seventh update on this final stage of the evolution of #PS2.0. Last week we announced Closed Beta & have continued moving in the same direction this week. ๐Ÿ“ข Image
(2/6) We gave ambassadors and veteran users access, and we have started selecting users from the waiting list. It is amazing how many users have signed up for the waiting list. ๐Ÿคฏ

From #Zignaly, we want to thank all of them for their confidence and interest in using PS 2.0! ๐Ÿ’ช
(3/6) During this week, we have been able to define the internal processes to start the migration of services from PS 1 to PS2.0.

We are already doing internal tests. โœจ Soon, we will contact the first traders to coordinate migrating their services to #ProfitSharing 2.0. โŒš
Read 6 tweets
Nov 17
(1/8) The wait is over!! We announce an update on #Zignalyโ€™s Flagship #ProfitSharing Services.

Disrupting the social investing space, our Private Beta version of PS2.0 services goes live today!

Follow this thread to get further insight! ๐Ÿงต๐Ÿคฉ
(2/8) We call #PS2.0 our biggest transformation to date.

Our focus is on providing a seamless user experience, freedom of choice (backed by the addition of new #traders, agile balance management, and hard disconnection), and #transparency. ๐Ÿ’ช๐Ÿ’ธ
(3/8) All shortlisted community members who applied for using P2.0 services will be the first ones to use our new platform! ๐Ÿฅ‡๐Ÿ
Read 8 tweets
Nov 17
(1/10) Both #Solana and #Polygon are more efficient and cost-effective alternatives to #Ethereum. Comparing its features will help you decide which one suits you best! ๐Ÿงต
Learn More ๐Ÿ‘‡
medium.com/zignaly/llts07โ€ฆ Image
(2/10) โšกWhich one is the ideal choice โ€” Solana or Polygon? โšก
Both these #Protocols are more efficient and cost-effective in comparison to Ethereum. But, to help you evaluate that, hereโ€™s a comparison of these two blockchains! ๐Ÿ’ฒ๐Ÿ’ธ
(3/10) Solana is an efficient blockchain that offers a range of tools that enhances ease of use. Though #Solana uses Rust, C, and C++ for developing smart contracts; developers can interact with it through an SDK. ๐Ÿ‘ฉ๐Ÿฝโ€๐Ÿ’ป ๐Ÿ”ฃ
Read 10 tweets
Nov 16
(1/9) Congratulations on unlocking the treasure of Ethereum's secret uses! ๐Ÿ’ฅ
#Ethereum, the 2nd most popular #cryptocurrency, has skyrocketed in the market with substantial gains over the years.
Learn more at ๐Ÿ‘‡ ๐Ÿงต
medium.com/zignaly/ethereโ€ฆ
(2/9) The Ethereum Blockchain allows users to run decentralized applications and perform efficient transactions with its project token - ETHER ๐Ÿ”ฅ
(3/9) What makes Ethereum different? It allows users not just to run simple applications but also real-world applications! ๐ŸŒ
Read 9 tweets
Nov 15
(1/8) #Altcoins๐ŸŸก are any blockchain-based digital project tokens apart from #Bitcoin โ‚ฟ. This thread focuses on types of altcoins and their functionality. ๐Ÿฆพ๐Ÿงต
Learn more at ๐Ÿ‘‡
medium.com/zignaly/llts05โ€ฆ 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. ๐Ÿ“Šโœ…
(3/8) Numerous #altcoins have built off Bitcoinโ€™s original concept but with differing ends in mind or by fixing some perceived shortcomings of the original. ๐Ÿ–จ
Read 8 tweets

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