BlockchainSmart Corp

15/06/2022

Decentralization
Cryptocurrencies do not depend on any centralizing body to function. This means that no government can decide their course, let alone bring inflation to digital assets.

14/06/2022

Do you know what are the main financial market factors that influence the price of cryptocurrencies?

We separate the main ones 👇

➡️ Supply and demand are factors that determine asset prices in the economy.
Briefly, the interest of individuals in using cryptocurrencies is seen as market adoption. Therefore, when the number of users increases, the tendency is that there is also an increase in its price.

➡️ Relevant events impact the market positively or negatively. Cryptocurrencies follow trends from world events, such as the fall of American stock markets.

➡️ Regulatory policies influence both the traditional market and the cryptocurrency market. This is an inevitable move in markets, however, it should not be cause for fear. Take the example of El Salvador's acceptance of Bitcoin as the official currency - this caused its price to be boosted upwards.

13/06/2022

Benefits of smart contracts

SPEED
Smart contracts are simply programs stored on a blockchain that run when predetermined conditions are met.
Because smart contracts are digital and automated, there’s no paperwork to process and no time spent reconciling errors that often result from manually filling in documents.

TRANSPARENCY
Because there’s no third party involved, and because encrypted records of transactions are shared across participants, there’s no need to question whether information has been altered for personal benefit.

SECURITY
Blockchain transaction records are encrypted, which makes them very hard to hack.
Moreover, because each record is connected to the previous and subsequent records on a distributed ledger, hackers would have to alter the entire chain to change a single record.

13/06/2022

When one person transfers cryptocurrencies to another, those assets are stored on the blockchain.
Wallets are the software and physical devices that give users access to these digital assets stored on that system.
In practice, wallets are similar to bank accounts, but with one big difference: the owner of the wallet is responsible for the possession and security of its assets, not the bank.

13/06/2022

The perception of world society about cryptocurrencies and blockchain is increasing every day and places these technologies in prominence as to their uses. Digital assets solve, or alleviate, many common problems that we find in the traditional financial system, for example:

1) As part of a decentralized network, the digital currency does not suffer interference from government regulatory bodies. This gives more autonomy to investors in crypto, tokens and NFTs.

2) Cannot be confiscated, ie the government cannot take ownership of assets without paying compensation in return.

3) The transfer is done without bureaucracy and quickly, with practically no brokerage expenses and high privacy.

01/06/2022

Blockchain is a series of immutable records managed by a decentralized computer network. It's like a big excel spreadsheet that is updated from time to time, shared with thousands of people. Everyone can know exactly what the balance of all addresses is at any time, as well as their movements. Therefore, everything recorded on the blockchain is immune to suspicious transactions and can be audited by anyone. Do you understand where bitcoin security comes from?

31/05/2022

The cryptocurrency market begins in the so-called blockchain networks. However, even knowing the “origin” of these coins, it is necessary to mine them. As there are a limited number of cryptocurrencies in the world — there are 18.7 million units of Bitcoins and the maximum number will be 21 million for example — there are people and companies that dedicate their resources and time to mining new coins.

To be profitable, you do not necessarily need to find a cryptocurrency unit. Those who contribute to the mining of a cryptocurrency receive payment in the same crypto asset, which can be traded normally.

Since they are virtual currencies, the cryptocurrency market depends on exchanges to function. An Exchange allows buyers and sellers to trade, store and transfer their crypto assets.

Cryptocurrency trading takes place directly through exchanges, but also through investment brokers, which offer applications in investment funds and ETFs backed by cryptocurrencies, for example.

31/05/2022

Bitcoin or Altcoins? Which one do you prefer?

There are many cryptocurrencies on the market. The first that emerged and was successful was bitcoin, it is the favorite of many investors and some only believe in it as a crypto asset.

Altcoins are cryptocurrencies that emerged after btc, with different fundamentals and usability.

Many people who operate in the market prefer alts. And you, which one do you prefer?

31/05/2022

30/05/2022

Ethereum 2.0 what will change with the network upgrade? Scheduled for 2022, the migration from ETH to version 2.0 will bring some changes to the coin, such as greater speed and efficiency, as well as better scalability. This release is being done in phases, the first started there in 2020 with the so-called Beacon Chain.
Key Ethereum 2.0 Network Improvements Stability: Through the implementation of ahard chains, the upgrade will process 100,000 transactions per second. Speed: With high scalability, the validation process becomes faster, approving more transactions in less time. Efficiency: OETH 2.0 will migrate to the proof of stake process, minimizing energy usage and facilitating the transaction validation process.
Security: The update will have a minimum number of 16,384 validators, making the process more decentralized and secure.

30/05/2022

Smart contracts gained more prominence with the emergence of the virtual currency Bitcoin. This digital transformation triggered by Bitcoin is based on a data chain that records all transactions made with cryptocurrencies.

Therefore, with cryptocurrencies, there is permission to trade between strangers without the presence of an intermediary. In other words, it is necessary for those involved to trust the fulfillment of contracts to carry out the transactions.

In this scenario, smart contracts gain strength. The traditional processes of signing contracts were transformed into more efficient, practical and safe steps, optimizing the management and issuance of these documents with suppliers and/or consumers of products or services.

Let's go to the concept of smart contracts. Smart contracts are those that are automated and pre-programmed, in which there is standardization in ex*****on. In other words, it is a self-executing digital contract that uses technology to ensure that the agreements entered into are fulfilled.