A big part of our writings on our blog will be dedicated to crypto coins and the blockchain, the biggest revolution of the 21th century. So, we wanted to introduce you quickly to that before we discuss the subject more completely in future articles.
The Blockchain
The Blockchain is a database, a sort of transparent and secure register that record all transactions between users since its creation and allows to exchange in a decentralized way, without help of any bank or centralized service. Everything is done peer to peer, user to user.
This technology was brought by the famous and mysterious Satoshi Nakamoto, whose identity is still unrevealed, with Bitcoin, the first crypto coin ever.
Blockchain is practically unhackable and unforgeable, this means that nothing can be erased from it because it’s constantly being secured by what we call the miners.
The miners are the ones who compose the new blocks, that add them to the blockchain and verify their integrity.
There are different types of mining with each its own advantage and inconveniences. The most known ones are Proof of Work and Proof of Stake. The first one is mining with help of calculation power (Ex: graphic cards or Asics), the second one with already existing coins you have in your wallet.
The strength of this system is that anyone can become a miner. No need for a degree or a job interview. This way even someone who knows nothing but to set how to set it up can from his room secure a blockchain network among other hundreds, thousands or more users.
It’s thanks to the blockchain, that accounting book shared by all users, and it’s genius maintenance system that crypto coins exist in the first place.
The crypto coins market
Thus, blockchain is what allows crypto coins to exist. There are thousands of them, to create a crypto coin is not necessarily complicated, to create a good crypto coin and to innovate is something completely different. Just look at the market and you’ll realize that when looking deeper into them. Just looking on the site Coinmarketcap will make you realize the infinitely big variety of crypto coins existing.
Practically every day new crypto projects (as ICO or not) appear on the market. Certain cryptos are made to work as a monetary system, others for a specific application in certain domains (like a decentralized market for example) and some like Ethereum and Neo have their own infrastructure. And then of course there are the ones who have absolutely no reason behind their existence if it isn’t to make traders speculate on it.
Despite the gigantic total market cap of crypto coins, the market is still very young and immature. Because of that it’s not rare to see come crypto coins being completely overvalued, being worth more than millions and millions in market cap even though they have nothing to offer if it isn’t promises. It’s one of those things, together with the crazy volatility of the market, that can scare away people and big investors, the insecurity and instability of the market.
But, and luckily for us, the opposite also exists thanks to that. I’m talking about extraordinary projects that completely went under majority of investor’s radar. Projects that could easily be in a top 50 position, but who are still far from that. Crypto coins where the price could easily be 100 times superior to what it is right now.
That’s one of those things that we’d like to offer you with this blog: The knowledge of the overvalued projects, those who you’d better stay away from, and oppositely, analyses and information’s about seriously undervalued projects that could potentially be among the biggest.
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