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James Donald's Blog – July 2021 Archive (13)

What is Uniswap Crypto Trading Bot Development?

The Uniswap crypto trading bot development is initialized using an algorithmic program that uses APIs for interacting with financial exchanges. The crypto trading bot is capable of monitoring the trade exchanges round the clock. It will react according to the predetermined program for buy and sell of cryptocurrencies at the right time. Also, crypto bots come based on the business’s requirements and are categorized as trend-trading bots, arbitrage bots, coin-lending bots and market making…

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Added by James Donald on July 30, 2021 at 2:19am — No Comments

Initial NFT Offering- The Latest Crowdfunding Platform In the Crypto World

The gravitation towards the digital world has maximized the usage of cryptocurrency. Many fundraising models and crowdfunding platforms were developed to increase the profit yield for business entities. The most popular type of fundraising model is Initial Coin Offering (ICO). In this model, the user rewards the investor with a crypto token for funding the platform. Initial Coin Offering and Initial Exchange Offering are the two most commonly adopted fundraising techniques by business…

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Added by James Donald on July 29, 2021 at 3:15am — 8 Comments

NFT – Non Fungible Tokens

Non Fungible Tokens are digital tokens that represent both tangible – world assets and digital assets. These tokens are indivisible, inseparable, and always have unique value, and are entirely different. NFT is built under distributed blockchain networks to make them more secure and decentralized. These non fungible tokens are popularly known for their ability to authenticate.

Source - NFT – Non Fungible Tokens

Added by James Donald on July 28, 2021 at 2:59am — No Comments

What is Decentralized Finance?

Decentralized finance (commonly referred to as DeFi) is an experimental form of finance that does not rely on central financial intermediaries, and instead utilizes smart contracts on blockchains. DeFi platforms allow people to lend or borrow funds from others, speculate on price movements on a range of assets using derivatives, trade cryptos, insure against risks, and earn interest.

Source - What is Decentralized Finance?

Added by James Donald on July 27, 2021 at 3:23am — No Comments

What are Crypto Collectibles? Examples of Crypto Collectibles

The development of cryptocurrency has paved the way for the creation of crypto-collectibles. This cryptocurrency platform has turned to be a dominating platform from the initial days in the digital space. It has achieved great business traction due to its exceptional functionalities and features. Crypto collectibles are unique digital assets that cannot be interchanged with other collectibles. These tokens are developed on blockchain technology; thus, they verify ownership for these digital…

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Added by James Donald on July 24, 2021 at 6:20am — No Comments

A Brief Explanation Of The NFT Marketplace Development Process at IBT

The digital marketing world has been transformed into a profit-yielding field due to the arrival of non-fungible tokens. Non-fungible tokens, also known as NFTs, are digital products or the certification for the authenticity of those digital products. Non-fungible tokens are built on a blockchain network that secures all the transaction details. NFTs are represented as any physical asset that can be digitized, such as trading cards, music files, audio files, domain names, virtual real-estate…

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Added by James Donald on July 23, 2021 at 3:28am — No Comments

Significance of tokens in the protocol:

Each Fungible token is minted when the user approves a smart contract. The cover determines the protocols to be covered, type of collateral needed, amount of collateral, and insurance length.

Two types of Fungible tokens can be minted from the system that are CLAIM and NO CLAIM tokens. One DAI equals one CLAIM + one NO CLAIM token. If a claim is approved, the CLAIM value goes to 1 and NO CLAIM to 0. Holders can deposit the two token types on the Balancer pools.…

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Added by James Donald on July 22, 2021 at 3:03am — No Comments

Concept Behind Crypto Algo Trading Platform

An algo trading platform is computer software that processes automated exchange trading in the digital market. The algorithm software integrated with pre-programmed rules that are developed with mathematical solutions and formulae. To put it in simple words, this crypto algo trading development platform allows users to be notified of the timing and information regarding the trade.

Added by James Donald on July 20, 2021 at 7:24am — No Comments

Compelling ICO Marketing strategies

The whitepaper is considered as a very strong and useful component for a business. Drafting a fitting, legitimate whitepaper for your ICO, can bring in a great deal of value for your business. They help increase the perception of credibility and professionalism. They are also a free form of advertising. Your whitepaper should include every detail regarding your project such as,

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Added by James Donald on July 19, 2021 at 7:54am — No Comments

Architecture Of Polkadot

Polkadot blockchain is inter-connected with several chains. This multi-chain architecture allows the blockchain to interact with multiple blockchains for multi-channel exchanges.

Source - Architecture Of Polkadot

Added by James Donald on July 10, 2021 at 5:22am — No Comments

Build a crypto wallet like Trust Wallet for effortless digital fund management.

Crypto world empowered by the evolution of blockchain technology and ungovernable cryptocurrencies. The escalation of Altcoins in the cryptocurrency network impels the solution of a decentralized wallet, a digital wallet that holds and manages the transaction of cryptocurrencies.…

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Added by James Donald on July 9, 2021 at 6:23am — No Comments

How does Cryptocurrency Mining Works?

Blockchain, a distributed ledger technology that works in a consensus algorithm, regulates the creation of new blocks. The peer to peer network should accept the block to register a block in the system. There are several types of agreements such as PoW (proof-of-work), PoS (proof-of-stake), DPoS (delegated proof-of-stake), and PoA (proof-of-authority) are most popular.

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Added by James Donald on July 8, 2021 at 8:05am — No Comments

What are the important benefits of Altcoin?

Transactions carried out using altcoins as a payment method are cost-effective and secure as it is underpinned by blockchain technology.

Source - What are the important benefits of Altcoin?

Added by James Donald on July 2, 2021 at 4:56am — No Comments

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