You better double check because chances are it's not us. And last but not least my favorite don't you think that if we had power will do of collaborating for an AirDrop with us? We will be the first ones to announce on all our social media, and of course here on RU-vid. Well, if you think we wouldn't your wrong, so
Century from now but it's safe to say that the amount of coins in circulation will become permanently fixed. No more new coins will be created one of the main consequences of approaching and eventually reaching bitcoin supply limit is that mining the cryptocurrency will become much less profitable, but don't worry even after the last bitcoin is mined minus won't be left empty handed. They'll still earn a rewards from transaction fees just not from New bitcoins. This is why holding bitcoin could be a Smart Move. It's designed to keep its value over time unlike traditional currencies that can lose value due to inflation when the creator of bitcoin satoshi nakamoto to begin the project. He already intended to create a scarce asset traditional currencies have no issuance limit which can lead to ramp and inflation. This doesn't happen with bitcoin precisely because it's a limited currency that consequently functions as a store of value and that's awesome. Isn't it? Um, who knows maybe in the near future, you know companies might like eventually have large investment funds holding Bitcoin in their portfolios.
The main issue created is that regardless of if the news shared a real or fake they can create significant differences in prices and overall adoption of cryptocurrencies. This goes along with online opinions, too.
All right, let's start with regulations imagine you are at a wild crypto party bitcoins in the corner ethereum hogging the dance floor. And those coin is well dogecoin says that they are being serious while everyone's laughing now just when things are getting wild the regulators walking like Stern parents no more fun without rules. They say, all right folks funds over. We need to know who you are and what you're up to that's right governments around the world are stepping into regulate the crypto body. Why because they want to prevent money laundering protect investors and of course get their share of the prophets. It's like your little sibling where although it's your own birthday. They also get a gift so they don't feel left out.
Security due to the requirement of significant computational power for a text. It promotes decentralization as anyone with the necessary equipment can become a minor proof of work does not require participants to trust each other as the system works on mathematical proofs. It also minimizes the influence of large coin holders on consensus
Let's take a ride on it with freeze ready steady. Go always cards from 2011 and bitcoin is on par with $1. Now jump ahead 10 years to April 2021. It's skyrocketed to 63,000 and just when you think it's unstoppable funerals around and the prize drops to under 31,000.
And it's time to update it. Let's discuss what has been done and what still needs to be done. Let's go. So we've launched on April 19th 2024 quite recently, but I think we've achieved some significant results. And of course, we still have a lot more work ahead indeed. We've launched and we have the farming option the option to farm points. You may check into the app every 8 hours and collect the points you are entitled to we also have tasks and quests you can complete.
Any Instagram turn the internet into a giant community theater where everyone and their Grandma could post content it was the easiest way of saying, excuse me. I need my 15 minutes of fame, please. But there was a catch while we were busy liking sharing and subscribing big corporations were scooping up our data like kids in a candy store with two turned US into the product our likes clicks and shares soul to the highest bitter.
You have control over your data your identity and your digital assets sounds like science fiction. Well, welcome to the Future folks web3 is built on blockchain technology think of it as a digital Ledger that everyone can see but no one can also it's decentralized which means no single entity has control with
Example they might pretend to be a well-known company. You might see something like official Tesla AirDrop or Apple giving away crypto. And I know you might think wow if Elon Musk is behind this it must be real but no my friends it's fakeer than my love for pineapple pizza. This scam is a slick. They clone accounts of famous personalities and companies. They use the same profile pictures the same BIOS, but look closely at the usernames. There's always a slide difference maybe an extra underscore or a letter swapped out. It's like a bad game of spot the Difference but
Unlike traditional cryptocurrencies, like bitcoin or ethereum which have a clear use case or technological advantage meme coins often start as a joke or a viral internet trend. It's like the Dad jokes of the crypto world, but with real money involved
the Lord bless you and keep you; May the Lord make his face to shine upon you, and be gracious to you; May the Lord lift up his countenance upon you, and give you peace
Equipment making it costly to participate over time mining has become concentrated in the hands of large pools and companies producing network decentralization group of work also has its disadvantages. It requires significant computational power leading to high energy consumption. It can process fewer transactions per second compared to proof of stake proof of work demands expensive specialized equipment making it costly to participate over time mining has become concentrated in the hands of large pools and companies reducing network descentralization.❤❤🎉🎉🎉🎉🎉🎉🎉
🎉It can lead to centralization as large coinholders may gain more power in the network fewer validators can make the network more vulnerable to attacks the complexity of staking mechanisms and validator selection can be difficult for newcomers. However, proof of stakehouses drawbacks, it can lead to centralization as large coinholders may gain more power in the network fewer validators can make the network more vulnerable to attacks the complexity of taking mechanisms and validated selection can be difficult for newcomers.
It is energy efficient does not require significant computational resources, which reduces energy consumption proof of stake offers faster transaction speeds compared to proof of work lower startup costs the equipment requirements for participating improve a steak or significantly lower making it more accessible for users proof of stake allows all coinholders to earn rewards by staking encouraging greater network participation.🎉
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If you want to be a part of a crypto community and discover awesome opportunities - you're welcome to join my Telegram channel - t.me/+uLAsA82712U3Y2Ey Join our MemeFi clan - t.me/memefi_coin_bot?start=r_278cd118d4
If you want to be a part of a crypto community and discover awesome opportunities - you're welcome to join my Telegram channel - t.me/+uLAsA82712U3Y2Ey
