The world of blockchain is one of the most exciting and innovative industries today. If you're looking for an internship in this field, you're in luck – because there are dozens of opportunities out there!

But before we get into the specifics, let's take a closer look at what blockchain is and why it's so exciting.

## What is blockchain?

You might have heard about blockchain technology, but do you know what it is? Blockchain is a distributed database that allows for secure, transparent and tamper-proof transactions. It's this secure system that has made blockchain a hot topic in the world of business and technology.

If you're interested in getting a crypto internships, read on. In this guide, we'll tell you everything you need to know about how to get started. We'll also give you some tips on how to make yourself stand out from the crowd.

## Why is blockchain an exciting industry?

To put it simply, blockchain is revolutionizing how the world does business. It's providing new ways for companies to track and share data, and it's even paving the way for new forms of commerce.

What's more, the blockchain industry is still in its early stages, which means there are plenty of opportunities for growth and development. And with the rise of cryptocurrency, there are now more opportunities than ever to get involved in the blockchain world.

So, what are you waiting for? Start your journey into the exciting world of blockchain today!

## How many opportunities are there in blockchain?

The world of blockchain is growing rapidly, and with that comes an increasing demand for talented and skilled workers. So, how many opportunities are there in blockchain?

Well, the short answer is: a lot. There are currently thousands of jobs and crypto internships available in the blockchain industry, and that number is only going to grow in the coming years. Whether you're looking for a paid 
or unpaid position, there's definitely something out there for you.

## How to get an internship in blockchain

There are plenty of opportunities in the current market. Whether you're looking for a paid or unpaid position, there are plenty of options out there for you.

The best way to find a crypto internship is to start by doing some research. Check out job websites like LinkedIn, [cryptocurrencyjobs.co](https://cryptocurrencyjobs.co/internship/), uk.indeed.com, etc., and see what companies are hiring interns in this field. Once you've got a list of potential employers, start by sending them your resume and Cover Letter.

If you're having trouble getting started, here are a few tips to help you out:
1. Tailor your resume and cover letter specifically for the company you're applying to.
2. Make sure your skills and experience match the requirements of the position.
3. Highlight any experience you have in blockchain or related technologies.
4. Showcase your passion for the industry and why you want to work in it.
5. Practice, practice, practice! The more confident you sound when talking about blockchain, the better.

## What to expect as a blockchain intern

For starters, you'll likely be working with a team of highly skilled and passionate individuals who are committed to advancing the industry. You'll also be exposed to cutting-edge technologies and learn about the latest trends and innovations. And as the industry grows, so will your opportunities for career development. So if you're excited about blockchain and want to gain experience in this field, an internship is definitely the way to go!

## Conclusion

There are so many opportunities in the blockchain industry when it comes to internships. You can find paid and unpaid internships all over the world, but if you're based in the United Kingdom, there are plenty of options for you as well.

The blockchain industry is constantly growing, so it's a great time to get involved. Not only is it an exciting industry to be in, but there are also many opportunities for career growth.

Read [Latest Moni](/news) to understand more about crypto world and its latest news. 



Guide to Crypto Internships

There's a lot of heated discussion around blockchain consensus mechanisms. The two most popular options are Proof of Work (PoW) and Proof of Stake (PoS). Let's have a look at both of the mechanisms. 

## What Is PoS?

[Proof-of-stake (PoS)](https://ethereum.org/en/developers/docs/consensus-mechanisms/pos/) is a consensus mechanism that allows participants in a blockchain network to agree on the validity of transactions without having to rely on mining. In a PoS system, people are rewarded for holding onto their coins instead of mining. This is done by assigning a value to each coin, and the person who holds the most coins has the highest chance of being chosen to validate new blocks.

## What Is PoW?

[Proof of Work, or PoW](https://ethereum.org/en/developers/docs/consensus-mechanisms/pow/), is the original consensus mechanism that Bitcoin and other cryptocurrencies use. In PoW, miners use special software to solve mathematical problems and verify transactions. The first miner to solve a problem is rewarded with new cryptocurrency tokens, and the transaction is added to the blockchain.

Proof of Work is a very energy-intensive process, and it has scalability problems. As more people use a cryptocurrency, the network requires more energy to process transactions. This has led to proposals for new consensus mechanisms, such as Proof of Stake.

## Which Is Better PoS vs PoW?

The two main types of consensus mechanisms: Proof of Work (PoW) and Proof of Stake (PoS), both have their pros and cons, but which one is better? Let's take a look.

Proof of Work is a consensus mechanism that requires participants to solve complex mathematical problems in order to validate transactions. This process is energy-consuming and can only scale up so far. As a result, Proof of Work is not ideal for large-scale networks.

On the other hand, Proof of Stake does not require solving any complex mathematical problems. Instead, it relies on validators to stake a certain amount of cryptocurrency on the network. This process is less energy-consuming and can scale up much more easily than Proof of Work, meaning that it can handle a larger number of transactions without becoming bogged down or congested. As a result, Proof of Stake is ideal for large-scale networks.

There are pros and cons to both PoS and PoW, but in general, PoS is seen as more scalable and energy-efficient than PoW.

However, it's important to note that these are just generalisations and that different implementations of PoS and PoW may have different results.

Choosing between Proof of Stake and Proof of Work depends on the specific needs of your project. If you're looking for a more scalable and energy-efficient consensus mechanism, then PoS is likely the better option, but if you need more security, then PoW may be a better option.

Read [Latest Moni](/news) to learn more about cryptocurrency and blockchain.



What's the difference between PoS vs PoW?

This article is about investing in new altcoins - how to start, what to do, the risks, and ones to watch out for.
Altcoin is the short hand for alternative coins, which refers to all cryptocurrencies that aren't Bitcoin.

## How can I get started with new altcoins?

There are a few ways to acquire new altcoins: buy them on an exchange, mine them, or receive them as a gift.
If you're looking to buy altcoins, the most common way is to use an exchange. You can search for a list of businesses that offer a variety of altcoins on their platform. But it is highly advised to do your research before choosing an exchange, as some are more reputable than others.

You'll need to purchase a [mining](/news/article/best-crypto-miner) rig to start mining altcoins. This can be expensive, so research and compare different rigs before purchasing. Once your rig is set up, you'll need to download mining software and configure it to start mining coins.

You could also participate in airdrops. Airdrops are when a cryptocurrency project distributes free new altcoins to the community. To participate in an airdrop, you only need a wallet address where the tokens will be sent.

## What are the risks of investing in new altcoins?

When it comes to investing in new altcoins, there are a few risks you should be aware of. Firstly, new altcoins are incredibly volatile and can go up or down in value rapidly. Secondly, new altcoins are still in their early stages and may not be as developed or reliable as more established cryptocurrencies.

Finally, altcoins are often less regulated than traditional currencies, so there is more potential for fraud or scams. As with any investment, it's essential to do your research before investing in any altcoin.

## What are the most promising altcoins right now?

Bitcoin is the most well-known and established cryptocurrency on the market, but many other altcoins are worth looking into. These cryptocurrencies have been created in response to Bitcoin and often offer different features or solutions to the problems that Bitcoin has.

Some of the most promising altcoins include Litecoin, Ethereum, Cardano, Polkadot, Polygon, Cosmos (ATOM), and Dash.

Litecoin is similar to [BTC](https://bitcoin.org/en/), but has a faster transaction speed and a lower transaction fee.

Ethereum is a wildly popular cryptocurrency, second in popularity after BTC, and is based on a platform where decentralized applications are developed.

Dash is a cryptocurrency that offers private transactions and instant payments.

If you're interested in getting into altcoins, it's essential to research to find out which ones are the most 
promising for you. As with any investment, it's always important to be cautious and aware of the risks involved.

## Conclusion

Choosing which new altcoin to invest in can be challenging as there are so many.

Research carefully and find coins with a good team behind them, a solid plan for the future, and a good track record. No matter what happens, never invest more than you can afford to lose, and remember to keep your coins safe.


How to Get Started With New Altcoins

Cryptocurrency exchange [Gate.io](https://www.gate.io/) recently announced it has topped a record 10 million users worldwide. Now we will answer the question, 'how to price my NFT on Gate.io'.

In June 2021, the company added NFT Magic Box to its portfolio. It’s a project that enables its users to create and trade non-fungible tokens.  

## How to Price My NFT on Gate.io - Getting Started

One will need a verified account to start trading on the NFT marketplace at Gate.io. The user only needs a name, email address, and password. After the user submits a personal document for identity confirmation, the account becomes verified.

On a homepage dashboard, the user needs to go to the ‘NFT BOX’ field, where a dropdown menu with numerous options can be found.

The user then selects the ‘NFT Markets’ section to delve into the given market available on the platform.
The portfolio includes some famous brands, such as Bored Yacht Ape Club, mystery boxes, Meta Dogs, and others.

If a user, for example, wants to buy a certain token but cannot find it after scrolling, it's important the remember the so-called 'heart' option where the user clicks the outlined heart in the right corner of each widget to 'like' the NFT.

‘Liking’ the NFT will store it within ‘My Favourites’ and, if needed, be ‘added to collection’.

## How to Price My NFT on gate.io When There is No Sale Price?

If you found an[ NFT](/news/category/nft-news) that you like, but the price of this digital item isn’t available (or visible), it usually means that the asset is not listed and that the owner doesn't intend to sell it. However, there is an option you could still own it, and it comes in the form of the 'Offer' button.

As you click the tab, you can put your offer – the amount you are ready to pay for the certain non-fungible token you want to possess. After you input the ready amount, you set the duration of time you are prepared to wait, in case the owner (or the creator) changes their mind. The owner can then either accept or reject your offer.

If the offer is rejected, then it usually means the person who has it doesn't have the intention to sell it.
Still, if the owner accepts the offer – the transaction will be automatically executed.

However, there are situations where a certain piece has an assigned price, but that can only mean that the owner is ready to sell. If you are the interested buyer, you will be presented with two options - 'offer' and 'purchase'.

If you decide to purchase, this will mean you are accepting the given price. However, if you choose to make an offer, you can also suggest a lower price. In the situation where other bidders don't offer higher amounts - the seller can choose to sell the piece to you. 

It's very much like other web-based bid services, such as eBay, where placing a bid is typically most common in the event you're in a bidding war with other bidders. Either way - the highest bid wins.


How to Price My NFT on Gate.io

Ready to diversify your portfolio? Then let's discover how to buy altcoins.

Cryptocurrencies offer plenty of ways to get involved in the market. At the time of writing, over 19,000 cryptocurrencies and dozens of blockchain platforms are traded on almost 600 exchanges worldwide. 

New cryptocurrencies are emerging daily and pushing inferior cryptos far from the top. Even though it may seem shaky, the market is still constantly growing. More and more entrepreneurs, investors, companies, and even governments are resorting to crypto as a way to fight against recession.
At the time of writing, [BTC](/coins/btc) held just a little over 46% of the total market cap of all cryptocurrencies. A few years ago, this number was almost 75%.
Bitcoin is hugely admired mostly by long-term holders. However, alternative coins or 'altcoins' are becoming more and more popular amongst short-term investors since their price is more prone to changes.

Altcoins come in various forms but finding the hidden treasure isn’t an easy task. 
The thing that makes certain altcoins more worthy – and attractive – is the possibilities they offer outside of BTC. 
Here are some popular altcoins by market cap.

Ethereum (ETH). First and foremost, ETH is a ledger technology on which users can build programs (DApps) and smart contracts. It has a more extensive supply and a quicker block processing speed.

Litecoin (LTC) - Known as Bitcoin's wingman, LTC shares similar features with the largest cryptocurrency but operates on a different algorithm.
Cardano (ADA). Third-generation, decentralised proof-of-stake (PoS) blockchain platform made to be a more efficient alternative to proof-of-work (PoW) networks such as Ethereum
[Polkadot (DOT)](https://polkadot.network/). DOT envisages aiding developers to construct their own blockchains and integrate them with each other 

## How to Buy Altcoins: Step-by-Step

To buy altcoins there are a few steps that need to be taken. There are many platforms on which you can buy altcoins. The process for buying may slightly differ, but the steps are mostly similar.
While we’d recommend beginners to use exchanges to protect from fraud, advanced traders can purchase altcoins over-the-counter directly from owners.

## Let’s get into the seven main steps of getting you altcoins

Step 1: Decide on the percentage of your crypto portfolio allocation
Even though altcoins are risky, that doesn’t mean they aren’t worth investing in. Therefore, separating your portfolio into different risk layers is good, especially if you plan to play with not-so-famous coins.

Step 2: DYOR to find the best altcoin for your needs
There are many factors to consider when buying an altcoin, such as wanting a brand name, wanting a native cryptocurrency or crypto that exists on a platform. It is also good to check if there is an official website and active subreddit of the specific altcoin you want to buy, what's the volume, is it supported by a wallet, and, of course, can it bring an actual profit.

Step 3: Exchange fiat to crypto
Most exchanges don't support USD purchases, so it's essential to buy supported cryptocurrencies in order to exchange them for the desired altcoin. Some exchanges support depositing assets via credit cards, purchasing stablecoins, and then trading that for the altcoin.

Step 4: Choose an exchange
Finding more crypto exchanges that offer wanted trading pairs is of utmost importance.  
Some important points to consider when selecting an exchange are their reputation, fee level, and are there any reports on previous hacking or bugs.

Step 5: Finding you a currency pair
Connect your Web 3.0 wallet storing the altcoins to the exchange. Watch closely for the trends of the currency pair and its performance for some time (one to three months is optional) before executing the trade. That’s how you will make sure you make the trade at the best moment. 

Step 6: Execute the transaction
When you are ready to execute, go to the chosen exchange and place your order. If you are placing the order for the first time, take some time to learn more about how placing orders work for the desired altcoin.

Step 7: Put purchased altcoins into a wallet
If you are buying to hold for the longer term, place your altcoins into the wallet. Remember, if there is only a tiny amount of altcoins, putting them into your wallet could lead you to lose since gas fees are usually high for the repeated transfer.


How to Buy Altcoins

[Telegram](https://telegram.org/) a playground for crypto scams: How to avoid cryptocurrency scammers and identify telegram crypto scams. 

Cryptocurrency Scammers are relentlessly looking for ways to scam crypto investors. They have practically scammed people through almost all the available social media platforms, and telegram is one of these platforms. Telegram crypto scams have gradually become almost an everyday thing. Most cryptocurrency companies use telegrams to create awareness for their tokens, making it one of the most used platforms for crypto investors.  

## Telegram crypto scams can be avoided

To [prevent Telegram crypto scams](/news/article/bitcoin-scams), you to needs to first know how to identify them. Most of the scams are done by bots programmed to coax crypto investors into giving their two-factor authentication, leaving their accounts entirely vulnerable to Scammers. Unfortunately, these bots are often disguised as support channels, making it easier to deceive some crypto investors, especially those new to the crypto space.  

The bot scam has become rampant on telegram, to the extent that anyone can actually access these bots even without being a coder, by simply buying the bots. Not all cryptocurrency companies are real or genuine; some of them are merely schemes to rip unsuspecting victims off. Joining a huge crypto community makes it possible for a lot of strangers to gain access to your profile or send you messages, do not trust every information you hear.  

## How can Telegram crypto scams be prevented? 

Here are some important tips to help you be out of reach for Telegram crypto scams.  

Do your research: Do not join just any crypto community to see on telegram; always DYOR. Some crypto communities are created for scam purposes. With the internet, you can get any information you need easily. Make it a habit to first research anything that has to do with cryptocurrency before taking part in the process. 

Do not give out vital information: No genuine crypto community will ask for your personal wallet or account information as a criterion for gaining access to its tokens. Your authentication codes or OTPs are for you alone. Giving out such information always ends badly. 

Be mindful of the links you click: Scammers can use different methods to gain access to your vital information. Do not click just any link, do intense research first to find out more about the company sharing the link. 

Anything can happen in the crypto space, so it is advisable to always  stay be alert when in the space. Many assets have been lost to telegram crypto and other platform scams; always be on the lookout for crypto scammers. Losing investments, whether huge or small, can be devastating. Secure your investment by ensuring that you avoid falling victim to all these. How do you do that?  

- ##### Do your own research.  

- ##### Keep your personal account information to yourself.  

- ##### Be sure of the links you click.  

Telegram has become a playground for crypto scammers; stick to the above tips for your assets to remain protected.  

 

How to Avoid Telegram Crypto Scams

[Non-fungible tokens](/news/category/nft-news) have swept the globe, but they’re not quite as complicated as they appear.

In this article, we will explain how you can create an NFT (Non-Fungible Tokens) on Blockchain-based marketplaces in simple terms and in very few minutes.

## What Is NFT?

The word ‘NFT’ means ‘Non-fungible Token,’ meaning that they are digital assets that can’t be replaced.
NFTs are digital assets that use Blockchain technology to hold the virtual assets of their creators online.
Even a tweet can be regarded as an NFT, whether it is a song, blog post, digital artwork, playing cards, or a collectible.
You’re probably mistaken if you think that making NFTs is only for artists. On the contrary, anyone can make NFTs for free, which is exactly what I’ll demonstrate in this article.

However, do not confuse NFTs with cryptocurrency. They aren’t the same thing at all.
NFT and Crypto are, in fact, components of Web 3.0. However, there are a few ways in which NFTs and Crypto are related.

The following subtopic walks you through the steps of creating your first free crypto wallet using [MetaMask](https://metamask.io/).

## Things to note before creating an NFT

How to make and sell NFT’ is a hot topic that doesn’t seem to be going away anytime soon. It’s quite simple, but you must consider all factors before embarking on your own path. Consider consulting with a professional who can explain how to create NFT art so that you can make an informed choices.

Before proceeding, here’s a list of what you will need to begin creating, minting, and selling your own NFT: 

•	A Crypto Wallet
•	An NFT Marketplace Account
•	A Software to create or generate NFTs

## How to Create a Free NFT Crypto Wallet?

There are plenty of wallet providers to choose from, but we’ll concentrate on MetaMask, the most extensively used crypto wallet.

1.	To get started, go to MetaMask’s official Chrome Web Store page (visit) and click the “Add to Chrome” located on the button in the top right corner. If your browser prompts you for confirmation, select “Add Extension.” Make sure you’re using one of the chromium-based browsers, such as Google Chrome.
2.	When you install the Extension, it will launch a new webpage to get you started. On this new screen, click the “Get Started” button.
3.	Once you’ve done that, MetaMask will then prompt you to log in or register for its wallet. Choose the right-hand option and click the “Create a Wallet” button.
4.	Your secret recovery phrase will now be shown in the app. If you don’t want to lose access to your wallet, don’t share it. Also, remember it or download it for safekeeping using the provided option. Then press the Next button. Before your wallet is complete, MetaMask will require you to enter the security phrase.
5.	After you’ve created your password, you’ll need to come up with a recovery phrase. It’s a 12-word phrase that serves as your wallet’s username. Before you click the “next” button, MetaMask will explain everything in detail.
6.	Your secret recovery phrase is now shown in the app. If you don’t want to risk losing your wallet, don’t share it with anyone. Also, make a note of it or save it to your computer using the option provided. Then select Next. Before your wallet is ready, MetaMask will ask you to type in the security phrase.
7.	Finally, MetaMask will lead you to the wallet dashboard, where you may access all of the cryptocurrency’s details. Finally, our wallet is now ready to produce its first NFT.

## What is Minting an NFT?

In the case of NFTs, minting is the process of taking a digital asset and transforming it into a blockchain-based digital asset, making it a commodity that can be purchased and sold.

To put it another way, a digital asset is any file that is created electronically. This can be an image, an article, a video, or anything else. Minting is the process of converting a digital asset into an NFT by adding it to a blockchain, usually Ethereum. The Blockchain is a decentralised digital ledger that cannot be amended, edited, or destroyed once an item has been added to it. The asset can be sold on an NFT marketplace once it has been minted and certified as an NFT.


## How to Create an NFT for Free: Step by Step Process

1.	Create a Crypto wallet account: You will need a crypto wallet, as we’ve mentioned at the beginning of this article. To create your wallet account, follow the steps above.
2.	Create an account on an NFT marketplace: There are several NFT Marketplaces, such as
•	Crypto
•	Rarible 
•	OpenSea
•	Binance
•	WazirX. 

You’ve probably heard of OpenSea. If you haven’t heard, OpenSea is the world’s largest NFT marketplace as of 2022. On OpenSea, you may use [Ethereum](/coins/eth) to purchase and trade collectibles, NFTs, trading cards, domain names, pictures, and other fun goods. 
Step 1. To get started, create an account. Then, click “Create” in the upper right corner of OpenSea.

Step 2: You’ll then be directed to a page where you’ll be prompted to link your OpenSea account to an Ethereum wallet.

Step 3: Metamask is definitely one of the most popular choices. When you click it, you’ll be directed to the Metamask website to download the Chrome Extension.

Step 4: After you’ve downloaded the Extension, it’ll prompt you for permission to link your Metamask wallet to your OpenSea account.

Step 5: You’re done! You’ll be redirected to an OpenSea website where you can upload and mint your NFT

Congratulations! Your OpenSea account has been successfully created.

Remember to personalize your NFT marketplace account by uploading a banner image and connecting your social network accounts. The more time you spend making sure your social media accounts are connected, the more visible your art will be; the more time you spend adding detail to your profile, the more visible your art will be.

3.	Make some Art: An NFT can be any digital file, so make whatever art you want, if I were to choose, for example, I’d go with a digital painting. Then I’d save the new artwork as a jpg before uploading it to my new NFT marketplace account and minting it as an NFT.

Here are five platforms for creating, designing, or generating beautiful NFTs:

1.	Fotor: This software employs artificial intelligence to assist non-artistic individuals in creating NFTs. Fotor is a no-code platform that allows you to easily make NFTs by uploading your photo and selecting an art style.

2.	NightCafé: This platform allows you to generate several NFTs in bulk. It creates NFT artworks with Artificial Intelligence-based technologies. NinjaFT is an NFT creation program that works on both Android and iOS smartphones. This app allows you to trade directly on the Binance Blockchain. This program allows you to mint, buy, and design NFTs.

3.	NFT Art Generator: This online NFT maker allows you to make NFTs in gif, png, and mp4 formats. Thanks to the software’s simplicity and intuitiveness, the learning curve isn’t too steep. SketchAr is a program that turns digital art into NFT. It chooses the top artists weekly and turns their work into NFT for free.
Each platform has its own user interface and learning curve. If you’re serious about your NFT adventure, getting to know each of these won’t be a problem.

## How to Sell an NFT

Finally, let’s talk about how to actually sell your NFTs on marketplaces like OpenSea now that we’ve covered the subject of creating NFTs.

Interestingly, selling is not as difficult as it appears. Because OpenSea is one of the most often used NFT markets, I’ll walk you through the complete process of selling NFTs on OpenSea.

•	While linking Metamask to OpenSea, sign in using OpenSea and click “Create,” as seen above.

•	You’ll then be led to a website where you may upload your NFT artwork, fill out any required information, and mint your NFT.

•	You’ll need to upload your NFT artwork and give it a name, as shown in the snip above.

•	The external link will be the OpenSea URL for your NFT. The purpose of your NFT description should be to explain why people should buy your NFT.

•	The “Collection” part follows, where you can include or add your NFT to a certain collection name or category.

•	This next step is to choose a Blockchain for your NFT. I’d recommend “Polygon,” a gas-free alternative to Etherium. Simply put, gas fees are the costs incurred by a creator when completing an NFT transaction. In this situation, NFT makers must pay a price to enter their NFTs onto the Blockchain.

Gas costs can be expensive and depressing for artists. However, if you use Polygon as an option, you won’t have to pay a single penny to mint your NFT.

There are a few things to consider if you want to learn how to make an NFT because everyone else seems to be doing it. For example, the cost is a big consideration. In addition, while you can produce NFTs for free on most platforms, selling them may be a different issue. Putting all these together, your NFT is ready to go to the market.



How to Create an NFT for Free

If you have ever wondered how to mine Bitcoin Cash and how long it takes to mine one [BCH, ]https://bitcoincash.org/) this article is for you.
Before blockchain, money transactions were primarily regulated by two bodies: the government-regulated central banks that print the new cash and regular banks that were involved in money transactions on your behalf. Acting as regulatory bodies, they had complete power over your transactions and money.

The Bitcoin blockchain and its native cryptocurrency [BTC](/coins/btc) were created with the concept that a person should have complete control of the money and transactions they make, and that no other authority or regulatory body should have control of the funds.
Mining is the method by which transactions are verified.

Miners have complete documents of ledgers which they update in sets called blocks. These blocks are then added to the network for other miners to update their ledgers.

The blocks are made by cracking cryptographic problems using computing power, a digital equivalent of the physical effort to mine valuable resources, hence the term miners.

Bitcoin miners receive Bitcoin tokens as rewards.
In August 2017, a fork on the Bitcoin blockchain led to the creation of Bitcoin Cash (BCH). It improved scalability and allowed more transactions to be processed by increasing block size.

## How to Mine Bitcoin Cash and How Long it Takes

In broad terms, crypto miners take 10 minutes to mine one block of Bitcoin Cash. To maintain the 10-minute speed to solve the complex mathematical query, the difficulty level of the problems alters automatically.
When more miners and more computing power endeavour to mine, the difficulty level increases, whereas, when there are fewer miners and less computing power, the difficulty level decreases.

## Requirements to Mine Bitcoin Cash

Mining is similar to any other business engagement, where profitability relies on several factors unique to that venture. In Bitcoin Cash mining, these factors represent the requirements you should have before starting the bitcoin cash mining, including the type of hardware and software to pick. Here is what you should know:

### Hardware for Bitcoin Cash

Picking the right hardware is critical whenever you want to mine cryptocurrency. Today, an ASIC miner is what you require to get the hash rate needed to mine BCH. You need to remember that hardware is the major initial investment cost. The price of the ASIC miners has increased, seeing the power it supplies to the mining activity. A new AISC hardware costs anywhere from $2,000 to over $7,000, with older models available at lower costs.
So, when evaluating an ASIC miner, pay attention to the price, which is relative to three other factors:

•	Hashing/Computing power (in hashes/second)

•	Power consumption

•	Efficiency

Hashing power is the count of hashes a hardware machine can generate while solving a block. It's calculated per second, and the higher the figure, the more effective the machine and the more pricey.

Power consumption is related to the electricity (energy) required to run the miner optimally. It is measured in kilowatt-hours and can affect profit if too high. That's when you review the third factor, efficiency.

An ASIC miner is needed, and one with a high hash rate. However, it should not lead to too much power wastage.
Efficiency: This factor reveals how much power must be used to get a single BCH coin. An effective and powerful machine consumes less electricity than others when mining Bitcoin Cash.

If you have chosen your hardware machine, it's worth checking the other related requirements:

•	Electricity: cheap and stable is best. Having a backup is perfect.

•	Internet connectivity: 24/7 internet connection- an inconsistent connection will smash your chances of success.

## Software Requirements

Software is another critical requirement you must consider to look at as you opt to mine Bitcoin Cash. Mining software connects with your hardware machine to process the mining. It will deliver an interface for linking with the network to monitor the process and check profits.

You can get mining software applications for mobile and desktop use.

## Which Software Do People Prefer to Use to Mine Bitcoin Cash?

There are multiple software applications you can pick from to mine Bitcoin Cash. However, the two most widely used in the industry today are CGminer and BFGminer.
Both are command-line programs, which implies you can operate on the interface to get more into the mining process. Don't worry if you find the command-line interface (CLI) a little complex; EasyMiner is a great option that offers computerised functionality and sustains both self-mining (solo) and pool mining.
Note: Most ASIC miners are available with pre-installed software. If it's not, perform research to find one compatible with your hardware.

## Technical knowledge required to mine Bitcoin Cash

Before starting your Bitcoin Cash Mining journey, one of the basic requirements is understanding the technical terms connected with the mining process.

•	Consensus algorithm: 

It is a blockchain technology mechanism that permits agreement between a distributed network of users or machines. For example, a Proof of Work consensus algorithm lets miners agree on verifying blocks before they are updated to the blockchain.

•	Blockchain: 

It is a distributed ledger of all the trades on the network, managed in data blocks that are validated every 10 minutes. Miners get rewarded when they secure the network by updating a verified block to the blockchain.

•	Block time: 

This is a time estimate coded in the protocol: how much time miners take to validate blocks and update them to a distributed ledger. Bitcoin Cash has a block time limit of 10 minutes.

•	Hash rate: 

The measure of hashing power required to crack a complex puzzle and validate a block of trades. It's also called computing power and is calculated in hashes per second. The more per second hashes a machine produces, the more effective it is and the higher its probabilities of finding a block.

•	Mining difficulty: 

This is to calculate and find how difficult it is for a miner to find a new Bitcoin Cash block. It's also called a difficulty adjustment algorithm (DAA) and corresponds to the hashing power a miner requires to mine a single block within the calculated block time. For Bitcoin, the difficulty alters every 2016 block, while BCH introduced an Emergency Difficult Adjustment (EDA) algorithm in November 2017. The latter also leverages a retarget of the last 144 blocks to alter the difficulty.

•	Mining fees: 

A miner fee is a small amount of money users link to the blockchain trade to incentivise miners to process their trades. This amount is in addition to the 6.25 BCH in the block reward.

•	Block rewards: 

This is a reward given to a miner(s) who cracks the complex mathematical cryptographic puzzle on the network. For miners, Bitcoin Cash offers a block reward of 6.25 BCH.

## Pros and Cons of mining Bitcoin Cash

Mining Bitcoin Cash includes both pros and cons aspects. Let's see the pros and cons:

### Pros

1.	Block rewards can be very fruitful and profitable, and as a miner, you can earn good money.
 
2.	The transaction fees also complement rewards for successfully mining. 

3.	A good mining pool selection can raise your chances of block rewards.

4.	Your mining endeavours secure the Bitcoin Cash network.

5.	Old ASIC hardware can still be traded second-hand, as the market exists for other networks.

### Cons

1.	A high hash rate implies you may experience losses if you can't compete.

2.	ASICs need a heavy energy supply, resulting in a high electricity bill.

3.	Pools can reduce your reward as it is distributed among members.

## Is Bitcoin Cash Mining Profitable?

### To determine how beneficial it is to mine BCH, you must consider the factors mentioned below.

•	Hashing power

•	Power consumption

•	Cost of electricity

•	Pool fee

•	Bitcoin Cash price

You can decide if mining Bitcoin Cash will be profitable when you consider the hardware machine's computing power (output in Terahashes per second (TH/s) or Gigahashes per second (GH/s)). Another notable factor is the amount of power the hardware will consume and the expense of electricity per kilowatt-hour (kWh).


How to Mine Bitcoin Cash (BHC) 

## Metaverse is the future of internet evolvution! But do you know how to invest in metaverse?

The [metaverse](https://www.investopedia.com/metaverse-definition-5206578) comprises a digital environment where people interact with each other. This digital evolution is meant to revolutionise industries like sales, finance, marketing, fitness, education, finance, banking, and more. It is believed the metaverse will achieve this by making an economy with minimal laborious work and more leisure time without compromising the quality and quantity of the work in these industries. The metaverse is an amalgamation of our physical and virtual worlds and sets new goals for the work prospects in a profitable economy.

## How to Invest in Metaverse? Options to Explore

It is possible to invest in metaverse directly and indirectly. There are several ways of investing - let's explore some:

### 1.   Buy metaverse crypto

Buying cryptocurrency is one of the easiest ways to invest in the metaverse. You require a virtual wallet to store crypto tokens and the proficiency to partake in a coin trade. Different nations may have their own rules and regulations for partaking in the trade, such as identification and Know Your Customer (KYC) validation.
Among the most popular metaverse cryptocurrencies are MANA from Decentraland, SAND from The Sandbox, BLOK from Bloktopia, and AXS from Axie Infinity.

### 2.   Invest in metaverse stocks

Purchasing shares in a metaverse enterprise is another way to invest in the technology and it does not require an individual to control cryptocurrency or even open a digital wallet. However, this investment choice is relatively tough as metaverse stock investments are primarily meant for serious investors who have been, generally, involved in the field for a long time.
Some of the top stocks to invest in includes Meta Platforms Inc. (FB), Electronic Arts (EA), Roblox Corp. (RBLX), and Nvidia (NVDA).

### 3.   Build, purchase, and trade NFTs

One of the hottest ways to invest in the metaverse is via [non-fungible tokens (NFTs).](/news/article/nft-art-marketplaces) You can build 3D objects and list them on metaverse marketplaces for sale, which is a technically difficult process. Or, an individual can directly buy NFTs and sell them for a profit, which is comparatively less complicated.
NFTs have gained huge market traction and are one of the popular ways to invest in the metaverse.

### 4.   Acquire metaverse land

Purchasing land is the next most profitable mode to invest in the metaverse. Once the investor creates their digital wallet, they can choose an emerging metaverse platform, explore its layout and available properties, zero in on the property they want, and make an investment.
The process is comparatively straightforward, but involves more risk than crypto token investments as the value of virtual land relies on various unanticipated factors, such as the speed of developing adjacent properties. However, it is among the most famous investment strategies, and experts anticipate the market value could surpass $1 billion this year.

### 5.   Purchase metaverse ETF

A metaverse Exchange Traded Fund (ETF) is a trending investment method that enables you to buy a collection of crypto stocks that a dedicated fund manager actively barters.
ETFs are analogous to mutual funds, in that they curate a set of identical or thematically collected stocks into a single acquisition that delivers relatively predictable returns. However, they vary as a dedicated fund manager actively barters using the ETF and assures it to hold its optimal market worth.
Leading metaverse ETFs that emerged in the last 12 months include Roundhill Ball Metaverse ETF, Subversive Metaverse ETF, and ProShares Metaverse Theme ETF. However, the difficulty of investment is high as most ETFs have the lowest investment threshold of up to $1,000. It is advisable to have initial experience in the stock market.

## Step-by-Step Guide to Investing in Metaverse Coins

### Step 1: Make a crypto wallet.

Every investment, just like physical entities, demands a wallet full of money. You must build a crypto wallet and load it up for purchases in the metaverse. You can build your account on popular platforms like Binance for crypto purchases. For NFTs globally, people prefer MetaMask. Verify your identity to validate your wallet.

### Step 2: Select the mode of metaverse investment you would like to invest in.

### Step 3: Make the payment and enjoy the returns from your metaverse acquisitions.



How To Invest In Metaverse

The evolution of the cryptocurrency world cannot be discussed without [“ENJIN”](/coins/enj) coin popping up. The purpose of ENJIN coin, and its advanced features, certainly make it worth talking about. 

ENJIN coin (ENJ) is an ERC-20 token traded on the [Ethereum blockchain](https://coinmarketcap.com/currencies/ethereum/) launched by the company [Enjin](https://enjin.io/). At first, ENJIN was founded as a network, a community gaming platform, in 2009 by Maxim Blagov and Witek Radomski. 

In 2017, ENJIN coin was launched to try and make NFT usage easy for individuals and enterprises. As we all know, there’s a massive buzz around NFTs in the crypto space right now, with many investors seeming to become millionaires overnight. 

On November 25, 2021, ENJIN coin reached an all-time high of $4.85. That was during a favourable period for the crypto markets. Today, the ENJIN coin price stands at about $0.90. 

Despite the comparatively low current position, there are indications that the longer-term fortunes of ENJIN may be better. 
 
## What is ENJIN About 

You probably know a little of what this coin is about, but let’s add to that knowledge. 

ENJIN is designed to integrate with games. Some gaming platforms are exposed to risks, such as manipulation, scammers, and hackers. Virtual items have been reported stolen. In addition, users sometimes complain about transaction fees and speeds, as well as ‘centralization’ locking assets into a single game. 

These all impact the reputation of the game and platform. 

ENJIN was designed to help combat some of these issues and create a safer space for gamers. 
Items bought by players with ENJIN can be used in multiple games and can be traded and sold in an online marketplace with ease. In addition, ENJINwallet can be used to buy, sell, and trade NFTs, while ENJIN coins can be used as a currency. 
With the ENJIN platform, gamers and content creators can manage and trade their NFTs successfully and easily. 


ENJIN tokens run on a proof of work (POW) consensus algorithm, meaning that, like Litecoin, ENJIN tokens are created through mining. The mining process for all cryptocurrencies running on POW is the same. Miners verify their transactions by completing cryptographic equations and then move to the next transaction. For effective ENJ mining, the best way to go about it is by using the ASIC mining setup. 
 

## How To Buy ENJIN 

The first step to buying an ENJIN coin is to have an Ethereum wallet compatible with ER-20 tokens. ENJIN coin is available on a range of exchanges. 
The amount of coins you buy entirely depends on you. As I always mention, cryptocurrency is a high-risk investment; investing depends on the amount of risk you are willing to take. 


## Conclusion 
While the ENJIN coin value has fallen from its November ’21 high, there is potential for this cryptocurrency. Features aimed at making gaming safer and easier are likely to continue finding favour with gamers. In addition, its use in the NFT space aligns it with a rapidly expanding industry. Both could contribute to a brighter future for ENJIN coin. 


You can read more guest articles at [brendanbeeken.com](https://brendanbeeken.com/). 

What Is ENJIN Coin?

The Sandbox blockchain is a community-driven NFT game where users can create their own worlds and earn cryptocurrency. It is one of the top games that implement the play-to-earn model (P2E), allowing players to develop assets and profit from them.

## What is The Sandbox All About?

The Sandbox is a multiplayer game that allows players to create their own worlds with unique objects. You can draw relief maps, make all kinds of puzzles, build a labyrinth, or visit the created worlds of other users. The Sandbox games don’t require programming skills; you just need to realize your ideas and create your own game. You can create games alone and with friends.

## How does The Sandbox work?

The Sandbox world consists of voxels (pixels with 3-D volume), similar to Minecraft’s cubic graphics. But it gives everyone a chance to create a game, design characters, and earn SAND tokens by finishing quests.

## Where can I play The Sandbox games?

The Sandbox is easily available on the App Store and Google Play Store. It also has a desktop version, only supported on a PC with at least a 64-bit processor, minimum Windows 7 and 4GB RAM.

You can start this creative unique by owning plots of LAND, which is a space to build assets, such as games and building, turning them into profits.

As of April 2022, the value of 1 SAND is $2.96 (£2.27).

## How to earn money in The Sandbox games?

The game’s main idea is to create unique items you can sell. So, you have to be creative to make money in the Sandbox.
One way to earn some SAND is to create artworks and sell them on the market. Another way is to create game designs and charge other players to play them.

If you want to generate passive income, owning LAND can also help you earn as the price of the cryptocurrency increases when more players invest in the game.

The game also allows users to rent out their LAND to other players and earn by participating in competitions and playing platform games.

## How to get started

To play the Sandbox game, you will need to install a wallet as a smartphone app or a browser extension to store your SAND and virtual assets like LAND.

The start can be quite expensive as you will need to invest some money into SAND and LAND. Once you log in with your wallet and buy real estate, you can start trading NFTs and assets. You can start creating your own by using one of the free tools The Sandbox offers:

•	VoxEdit: a free 3D modeling software for PC and Mac.
•	Market: a decentralized NFT marketplace, allowing users to trade assets for profit
•	Game Maker: a basic visual scripting toolbox editor, allowing to design games without coding

If you learn more about these tools, it will help you demonstrate your creativity and make a profit in no time.
What Does the Future Hold for The Sandbox in Metaverse?

One of the most promising NFT projects, The Sandbox, has partnered with over 165 brands, including The Walking Dead, Atari, and Smurfs. It has also raised $93 million so far and is dedicated to establishing its grounds in Metaverse.


Metaverse Sandbox Games: How to Play and Earn?

For people new to the community, the number one question is ‘how to trade cryptocurrency’.

This isn’t a surprise, especially as the volatile nature of cryptocurrency – the rapid increases and decreases in price – creates a lot of opportunity for the trader. However, we must remember that while volatility can create opportunity for profit, it also creates the risk of loss.

The long-term potential of cryptocurrency is hard to assess, given it remains a relatively new phenomenon in finance. Early adopters have seen massive returns and while it is becoming more widely used, the opportunity for significant profit still remains.

The fact it is new, and broadly based around an ethos of [decentralisation](https://www.worldbank.org/en/topic/communitydrivendevelopment/brief/Decentralization), means governments around the world question its legitimacy. That creates risk, as well as the possible potential opportunities could be curtailed in future by regulation.

## Measuring Volatility

To explain how you measure volatility, we will use [Bitcoin (BTC)](/coins/btc) as an example. Basically, look at how the average price from the start of the day has varied and apply a calculation. For instance, take 10 measurements from the day to give you a sum of price variation, square that and then divide by 10 (the original number of measurements). The volatility measure of that day is the square root of your result.

To extrapolate over a fixed period, you multiply that result by the square root of the number of days (ie, for a year, multiply your volatility measure by the square root of 365).

## Trading vs Investing

Your challenge is to manage the risks posed by trading in cryptocurrency and make money – by which we mean selling a cryptocurrency asset for more than you paid for it.

Start with two basic questions: will the asset price go up or down in the next day, and will it go up or down over the next four years?

These questions require you predict the price movements, which are, of course, uncertain, but there is a big difference in time frame, which should make you think about the investment, and risk, differently.

What makes a difference in the next 24 hours will not necessarily be the same as what influences the longer-term price trend. You cannot really make a long-term prediction based on one day’s results.

Buying and selling over short periods is trading. Buying an asset and "holding" it for a longer period before selling for profit is called investing, or hodling.

To make money from cryptocurrency, you need to understand the strategy for each. You don’t have to fit into one category or the other – you can both trade and invest, as long as you understand how the decision making differs between the two.

## Analysis

Analysing short-term asset price movement and volume of trading is known as Technical Analysis. When you take a broader look at potential influences, especially on the longer-term value, it is known as Fundamental Analysis.

They can overlap but are a good framework to separate trading from investing, although both ultimately come down to measuring risk.

## Stay Grounded

You should aim to sell your cryptocurrency asset for more than you bought it for, whether you are trading or hodling. This is where a structured approach and skill-based decision can help manage risk.

If you are trading best on instinct or a random social media post, your fortunes rest with luck. The best traders have a strategy based on analysis and have spent a long time learning. You need clear objectives founded on knowledge and mathematical discipline.

You can learn by doing, so keep a record of your trades and how they went. This is the experience which can help make you a better trader or investor. Start with a realistic goal, be honest with yourself and learn from your mistakes and your victories.

Also be honest that sometimes, despite all your learning and preparation, an outcome can be down to luck. One good result you were not expecting doesn’t mean you have suddenly become a great trader. It’s important to recognise that.

cryptocurrency charts and man trading crypto

A Guide to Cryptocurrency Trading

Are you looking for cryptocurrency books to help you learn more about Bitcoin and blockchain technology? You're in the right place.

Here, we recommend some of the best books on the market for getting started in cryptocurrency.

Each book provides an in-depth look at Bitcoin and blockchain technology and will teach you all you need to know about these exciting new technologies.

So, without further ado, let's get started!

### Ethereum: Blockchains, Digital Assets, Smart Contracts by Henning Diedrich

This book is a great starting point for anyone looking to learn about Ethereum and blockchain technology. It provides a comprehensive overview of Ethereum and covers blockchains, digital assets, and smart contracts.

Additionally, the author has years of experience in the cryptocurrency industry and is well-known for his work on the Ethereum project.

The book opens with a focus on what blockchain is, how it works, and why it's so important for cryptocurrencies. The second part provides an introduction to Ethereum and explains how it works.

Chapter 3 goes into the technical details of the Ethereum protocol and its consensus algorithm, the Casper proof of stake (PoS) model.

Finally, chapters four to six provide a deeper dive into the three main use cases for Ethereum: decentralised apps (dApps), smart contracts, and decentralised exchanges (DEX).

What you will learn with this book is Ethereum's core concepts, blockchains, digital assets, and smart contracts, and you will understand the difference between permissioned and permissionless blockchains.

Summing up, the book is an excellent resource for those looking to understand how Ethereum works and how it can be used to create smart contracts.

### Blockchain Revolution by Don and Alex Tapscott

For anyone looking to learn about the potential of blockchain technology, this is a good read. It covers everything from the history of blockchain to its current and future applications.

The authors are also well-known experts on blockchain technology. Their book provides an excellent overview of this exciting new technology.

### Mastering Bitcoin by Andreas M. Antonopoulos

This book is a comprehensive guide to Bitcoin, covering everything from the basics to more advanced topics such as mining and security.

Andreas Antonopoulos is a well-known Bitcoin expert, and his book provides a great introduction to this exciting cryptocurrency.

The author has been a speaker at many conferences, including the Bitcoin conference in San Jose and the Scaling Bitcoin conference in Hong Kong.

He has also featured on [BBC](https://www.bbc.com), [CNBC](https://www.cnbc.com/world/?region=world), Wired, Time, Forbes, the Wall Street Journal, CNET, PCWorld, and others.

## Conclusion

In conclusion, there's a vast amount of information online about cryptocurrency, but it's scattered across different websites, forums, blogs, and social media platforms.

Where do you start and what information do you trust? And it's even harder to figure out which books, articles, videos, and podcasts will help you learn about cryptocurrency and blockchain technology the best.

That's why we made this list. It features everything from beginner-friendly to in-depth technical guides, whitepapers, and books

For more [Business news](/news/category/crypto-business-news).



Cryptocurrency Books: Learn About the Best 

Do you choose [Bitcoin](/coins/btc) or [Ethereum](/coins/eth)? Yes, there are thousands of coins and tokens, but these remain the big names.

Disclaimer – This article is not investment advice and should not be taken as recommending a strategy. It is for information only. Before investing your money, ensure you conduct your own extensive research.

Cryptocurrencies are the assets increasing numbers of people are looking to as they seek to diversify their portfolios.

Volatility, and therefore a higher chance of earning huge profits, is one reason.

It has been a bumpy ride for crypto. After taking centre stage in 2016-17, its prominence faded due to acceptance levels and [regulation](/news/tag/regulation) concerns.

More recently, interest has soared with record-breaking values and a market cap in excess of $2 trillion.

The potential profits have driven interest, but other benefits of cryptocurrencies have helped. These include:

- Decentralised Nature
- Fast Transactions
- Secure Transactions
- Transparent System

The upwards trend has led to many investors considering digital assets and beginning to learn about them. Some then face a dilemma; where do they invest?

Due to their market prominence, the main choices are Bitcoin or Ethereum. But which one?

## Bitcoin

Bitcoin (BTC) is often regarded as the first cryptocurrency, coded by anonymous Satoshi Nakamoto. As the first and best know, bitcoin has become synonymous with cryptocurrency. Its name recognition has contributed to stellar values.

At the time of writing, BTC is trading for $20,194 and is responsible for around 40% of the cryptocurrency market. At its peak, it traded at $68,789.63.

Bitcoin’s efficiency is, comparatively, lower than many other well-known cryptocurrencies. The transaction speeds are relatively low, and power consumption is high.

This is because Bitcoin works on the Proof of Work (POW) principle rather than Proof of Stake (POS).

However, BTC fulfils its purpose of being a decentralised currency that can be traded globally with ease and convenience.

## Ethereum

Second on the list of cryptocurrencies [by market cap is Ethereum](https://coinmarketcap.com/currencies/ethereum/). At the time of writing, its price is $1496.70.

Ethereum has a market cap of $365 billion, considerably less than Bitcoin’s $817 billion. This represents around 18% of the cryptocurrency market. Its value has increased from $1,300 to the current price in just a year.

Ethereum is a popular blockchain used for drafting smart contracts to assist in almost any form of transaction. The transactional token that facilitates operations on the Ethereum network is ether.

Like Bitcoin, it works on the less efficient Proof of Work (POW) principle, yet is more efficient and has higher utility when compared to that of the Bitcoin blockchain.

To improve its efficiency, Ethereum plans to launch an update named Ethereum 2.0, which will work on the Proof of Stake (POS) principle. The aim is to make the overall blockchain more efficient.

Due to the Ethereum blockchain’s ability to code smart contracts, its utility value, compared with Bitcoin, is a lot more. Due to this property, it’s easy to develop a Decentralised Application (dApp) on the Ethereum blockchain. In addition, smart contracts are easier to code, which is helpful in developing decentralised finance contracts and assists in NFTs transactions.

The Ethereum blockchain is so versatile that it even helps form new cryptocurrency tokens, altcoins coded on the Ethereum blockchain. They can stand out individually, separate from ether, and have individual use cases like any other cryptocurrency.

## The Future

If we compare ETH and BTC prices for the last year, ETH seems to be the more logical investment as it had a better high to low ratio than BTC.

As the move towards decentralisation continues, the applications of the Ethereum blockchain will increase, making it tough competition for Bitcoin, even when their values are so far apart.

## Disclaimer

This article is not investment advice and should not be taken as a recommended strategy. It is for information only. Before investing your money, ensure you conduct your own extensive research.

You can read more guest articles at [brendanbeeken.com](https://brendanbeeken.com/).


Guide to Ethereum vs Bitcoin


People are afraid to invest in cryptocurrencies because they don't understand it, and they're worried about what could happen if the bubble bursts.

This article explains brain FUD tactics, how to recognise them and how to avoid them.

## What Is FUD and Why Should You Care About It

[Crypto FUD](https://cryptochronicle.io/the-danger-of-fear-uncertainty-and-doubt-fud-in-the-crypto-market/) is a term that refers to the fear, uncertainty, and doubt that is commonly expressed in discussions about cryptocurrency. As crypto becomes more influential and disruptive, an increasing amount of brain FUD circulates online and in the media.

This can have negative consequences for those new to crypto, as it can be challenging to separate fact from fiction when you're just getting started with this exciting [new technology](/news/tag/technology).

At its core, brain FUD is rooted in ignorance and misinformation about crypto. The goal of this brain FUD is often to paint crypto in a negative light or to discourage people from investing in digital currencies.

However, all crypto enthusiasts need to recognize and resist this type of negative rhetoric to foster greater understanding and adoption of these emerging technologies.

By educating ourselves about crypto FUD, we can help ensure this exciting field's long-term growth and success.

## How to Spot FUD and Protect Your Investments

When investing, it is essential to be able to spot FUD – or fear, uncertainty, and doubt.

FUD is the primary tool that malicious actors use to manipulate the market and generate profits for themselves at the expense of others.

By understanding how brain FUD works and how to recognise it, you can protect yourself from being manipulated and ensure the stability of your investments.

One of the key features of brain FUD is that it often uses emotionally charged language and persuasive arguments to try and scare investors into making rash decisions.

This may include spreading misinformation about competitors or exaggerating potential negative outcomes to create panic among investors.

Additionally, brain FUD tactics may involve targeting a particular group or demographic, such as those who are new to investing or hold a particular opinion on a controversial topic.

It is important to remain calm, rational, and objective when weighing your options to protect yourself from brain FUD and other manipulative investment strategies. 

Be sure to pay close attention not only to factual information about your investments, but also to the tone and underlying motivations of messages related to them.

If something seems off or suspicious, do your own research to determine whether you should trust the source.

## Final Thoughts on the Current State of Cryptocurrency

Cryptocurrency has come a long way since its inception, but there is still much work to be done. The space is plagued by brain FUD, making it difficult for new investors to get involved.

However, the current state of cryptocurrency provides many opportunities for those willing to take the risk. 

There are many different projects underway that have the potential to revolutionise the space and seeing them develop will be exciting.


Guide to Brain FUD Tactics in Cryptocurrency

Investment in non-fungible tokens, or [NFTs](news/tag/digital%20art), continues to increase. With that comes a growth in collections to buy and more options for which NFT marketplace to use.

Where do you start if you are new to these ‘trendy’ digital assets, which encompass everything from outstanding art to celebrity and sports franchise tie-ups?

## The NFT Marketplace

NFTs have been a runaway hit with investors. They have attracted buyers who understand the value of blockchain-linked assets and those purely interested in the subject, from [cartoon apes](/news/article/lazy-monkey-nft) to [legendary NBA players](/news/article/stephen-curry-nft).

The decline of the cryptocurrency market in 2022 helped boost the NFT marketplace. Uncertainty about crypto tokens, underlined by the most recent cash, saw investors turn to alternatives like NFTs.

## Choosing an NFT Marketplace

Dedicated NFT marketplaces are the preferred option for most investors. While some offer multiple collections and artworks, others focus on a single subject or artist.

If your interest in NFTs is subject-led, your NFT marketplace options may be limited. If, however, your taste is broad or your interest is in potential value rather than subject, there is more choice in where to buy and sell.

As you look through the NFT marketplaces out there, you’ll notice they have differing functionality, appearance, personality, and interface.

Like any shop or physical market, different ones appeal to different people.

When it comes to making your choice, assuming you are not set on acquiring work from a specific collection or artist, it is important to select one you like.

Just like choosing a cryptocurrency exchange, ensure it suits you and how you want to interact.

Ensure it is safe and secure, just like you would with a crypto exchange.

The best advice is to take your time and do your research. Read independent reviews, check out what other users are saying online, and ensure you are entirely comfortable before engaging.

To help you begin your research and selection, here’s a brief look at some of the most popular NFT marketplace options.

## Popular NFT Martketplaces

### [OpenSea](https://opensea.io/)

This is one of the most popular NFT marketplaces and styles itself as ‘the largest NFT marketplace’.

Its popularity has been helped by the provision of a wide variety of features, especially those making it easier for novice buyers to get involved.

OpenSea includes a step-by-step guide to creating NFTs and handles the whole minting and sale process.

While it is a user-friendly platform for NFT creators and investors, new and old, some caution must be exercised.

Twice in 2022, OpenSea has been targeted by phishing hacks. While this is not hugely unusual in the cryptocurrency space, it is worth being aware of.

### SuperRare

Position as an art gallery in the NFT ecosystem, SuperRare is considered a venue for high-end NFT art. That is due to its selective approach on which NFTs to list – you won’t find simplistic ‘meme’-style art here.

The time taken to consider what to list gives buyers a feeling of confidence in the potential value of their acquisitions.

If you are looking for quality art, SuperRare might be the right choice, although do check the charges before you commit.

### [Nifty Gateway](https://www.niftygateway.com/)

Nifty Gateway is similar to SuperRare in some respects. It is renowned for exclusive and expensive sales, such as the $91.8 million sale of The Merge, by digital artist Pak.

Here you will find an [emphasis on ‘art’,](/news/article/nft-art-marketplaces) with plenty of work from leading artists and related to celebrities. Demand is boosted by time-limited sales through its ‘open editions’ system.

It achieved greater prominence in 2019 when the Winklevoss twins’ business Gemini bought it.

What attracts some investors is that Nifty Gateway allows credit card purchases.

### Rarible

This NFT marketplace has a more diverse selection, spanning not only high-end art, but also collectibles, video game assets, and more.

Its popularity is encouraged by the fact that credit cards are allowed, you can deal in cryptocurrencies Ethereum, Flow, and Tezos, and there is a flat transaction fee (plus any related gas fees).

A point of difference is that Rarible is that not all management decisions are made internally. Holders of its native token, RARI, can vote on company policy.

Another boost to investor confidence came in 2021, when Rarible partnered with Adobe. The aim was to make verifying and protecting digital content metadata, including for NFTs, easier.

Rarible offers investors a more extensive selection of NFTs than many, gives users access to a wide network of connections, and still retains a decentralised mindset.

### Binance

Binance is already one of the biggest cryptocurrency exchanges and entered the NFT world in 2021 when it launched its own marketplace.

You will find collections similar to most other general marketplaces, such as art, collectibles, and gaming items. An attraction for many is low fees and a user-friendly platform.

The layout and interface are similar to the Binance exchange. This makes dealing in NFTs relatively simple, especially if you are already familiar with Binance.

A further advantage is that Binance has its own blockchain.

Binance’s reputation and size give some confidence to those who are new to NFT investment.

### NBA Top Shot

While this NFT marketplace is focused solely on basketball, its popularity means it warrants inclusion.

While this one is primarily aimed at fans of NBA basketball, general investors have taken an interest because of the sums involved.

The collections are NFTs of great moments in NBA history, including video clips, artworks, and play highlights. They are not cheap – a clip of a LeBron James slam dunk sold for $208,000 last year.

For those who are not major basketball fans, a real attraction of this marketplace is that the NBA itself runs it. That means you know you are dealing with a large and reputable organisation.

Another plus for investors is that NBA Topshot allows the use of popular cryptocurrencies, including Ethereum and Bitcoin, as well as credit and debit cards. As always, ensure you check the fees before committing.

### NFT Investing

I have listed some popular NFT marketplaces available. There are many more and you should conduct your own thorough research before choosing which to use, should you decide to become an NFT investor.

Before you do invest your own money, remember that digital asset values remain highly unpredictable. The headlines suggest NFTs are sound investments and talk about huge returns.

They are, however, still relatively new assets and the future is hard to know. Like cryptocurrency, NFT values are subject to volatility, and it remains to be seen whether the sky-high prices we see now can be maintained.

If you choose to invest, select your marketplace carefully, do your own research, and don’t spend more than you know you can afford to lose.



Guide to the best NFT Marketplaces

It’s one of the inevitable questions from people not involved in the blockchain and cryptocurrency space – how can they, being entirely digital, have any value, in terms we generally understand (like the gold standard)?

The basic properties of any currency considered ‘sound’ include durability, divisibility, fungibility, portability, recognisability and scarcity. Most of these apply to digital currencies, but scarcity is hard thing to impose in the digital world.

It is, however, important, as value comes from scarcity – think gold and diamonds.

Creating scarcity for cryptocurrencies was a major challenge.

## Holding Value

Money is a measurement of value and a medium of exchange. It has become like a universal language; we just use it and take it for granted. 

That change is the result of money’s relative scarcity and the impact on money's value of the increase in its supply is called inflation.

When countries suffer from inflation, you see volatility in prices and monetary value. That’s why we shouldn’t take the stability of sound money for granted.

If the key to money holding value is scarcity, how does cryptocurrency achieve digital scarcity?

## Digital Scarcity

To be scarce, there must be a limited supply of the commodity, and it can’t be easy to replicate. This can be relatively easy to achieve and assess when we talk about a physical commodity, but digital is a different world.

Digital material can be copied easily and cheaply – just ask the entertainment industry – which is why cryptocurrency is not simply a file you keep on your hard drive. If it was, it could just be copied and copied and copied, reducing scarcity.

All forms of digital currency, whether crypto or fiat, rely on an accounting system based on [digital ledgers](https://knowledgebase.datagumbo.com/knowledge/what-is-a-digital-ledger), which are an organised record of debits and credits against account holders, providing a running balance.

This shouldn’t worry you. Almost all fiat money only exists digitally (ie, everything in your bank account), so it is a system you already trust.

As an example, [Bitcoin (BTC)](/coins/btc) as a cryptocurrency is also based on a digital ledger. The crucial difference is the rules around if/when/how much new money is added to the system and how the ledger is maintained. It is these differences that change everything. 

## Trust

We can only consider money useful if the ledgers can be trusted as accurate and honest and supply is controlled.

For fiat currencies this is dealt with by the relevant government managing the ledger for its currency, controlling the physical creation of the money and allowing credit and debit relationships between itself, the banks and the people.

It achieves this by having a central bank with allows select institutions, like banks, to keep their own ledgers. When you add up all the credit in all the records of all the institutions, including the central bank, you know the total supply of that currency.

There is then a consensus that the only books we trust are those kept by these institutions, and that they will be maintained properly. We collectively agree they will meet their obligations and the rule of law.

The traditional money systems are held together by this authority-based trust, and we can use our money online because we trust that banks won’t let people cheat and spend more money than they have. 

We have even trusted them to ‘create’ money, lending out more than the deposits they hold, and assuming risks for complex investment strategies.

Obviously, this is an oversimplification, but the general principles rely on trust. While it generally works, there are weaknesses – for example, money in a bank may be yours, but isn’t strictly in your control.

In addition, a single central point of failure is more vulnerable to corruption, manipulation and external pressure, opening the door to abuse, mismanagement, and economic exclusion.

The most worrying feature of fiat, though, is how it undermines scarcity.

## Money Supply

Economic activity creates value, and that means new money must be introduced to allow the economy to grow. To oversimplify again, new fiat money is created by commercial banks, overseen by the central bank.

Common ways of this happening are:
- Providing credit, like loans, to new customers that become deposits 
- Buying existing assets, which become deposits
- Providing overdraft facilities, which are deposits that can be spent

Getting the rationing right is a delicate balance; create too little money and spending slows, create too much and the value is diluted, putting prices up. This, in effect, is inflation.

This means human institutions are ultimately in charge of money supply, which in turn means there’s no real scarcity. To many, this means fiat currencies, by definition, cannot be considered sound money.

Centralised systems can be vulnerable, but, had been, arguably, the only way to make a secure digital money, but not a sound one. Then along came bitcoin, using this approach from the very beginning.

Guide to Crypto Scarcity and Trust

The term “Metaverse” is all over the place at the moment; in the news, on social media, and even at the dinner table. The Metaverse, which serves as a link between the real and virtual worlds, is expected to grow rapidly in the coming years.

Here we look at the five Metaverse crypto coins tipped to be big in 2022. Read on!

## [Decentraland (MANA)](/coins/mana)

Decentraland, founded in 2018, had a significant head start in the Metaverse race. It is a leading Metaverse project built on the Ethereum blockchain which provides a virtual gaming experience to users worldwide.

Users can create and customize their characters, interact with other users, and explore the ever-expanding Decentraland universe. It is widely tipped as one of the best web 3.0 crypto coins to invest in this year.

Decentraland is unique as the first decentralized virtual reality system allowing users to communicate and interact with one another while also granting ownership of virtual land in the Decentraland metaverse.

In terms of investment, Decentraland has its cryptocurrency, MANA. Importantly, all transactions within the Decentraland game must be executed in MANA – giving the real token utility. Some of the most profitable transactions involve the purchase of virtual land and real estate, which frequently sell for more than a million dollars.

## Sandbox (SAND)

The Sandbox is a virtual gaming world where users can create and monetize gaming experiences. It is a popular platform, with a hundred sales completed every minute. Within the Metaverse, players can use SAND tokens to buy digital goods and participate in P2E. They also truly own anything they collect in the game.

The Sandbox is where users can create, earn, and trade in-game items. The Ethereum blockchain-based platform includes buying virtual land, buying virtual land, and building real estate, similar to Decentraland. After that, the property can be sold on the open market. The Sandbox, built on Ethereum blockchain, like Decentraland, has its native digital currency – SAND.

## [Axie Infinity (AXS)](https://axieinfinity.com/)

Axie Infinity, a metaverse crypto gaming pioneer, is an in-browser game featuring Axies. These Pokemon-like creatures are NFTs that can be purchased, bred, and traded. Non-gamers are drawn to the platform by the game’s virtual real estate. Players can use the AXS currency to make in-game purchases, stake their coins, and participate in community governance.

The Axie Marketplace is one of the industry’s most active. A single transaction in the game costs around $420 on average.

## [Enjin Coin (ENJ)](/coins/enj)

Enjin is the next on our list of Metaverse crypto coins. Enjin, founded in 2017, provides a globalized database that enables users to manage and store digital gaming products safely and securely. Furthermore, the platform streamlines buying and selling NFTs through a user-friendly mobile app that includes QR codes.

There’s much interest in Enjin Coin, especially following rumors of a Samsung partnership that saw ENJ prices skyrocket. Microsoft is also collaborating with Enjin to develop Azure Heroes, a program for acquiring digital collectibles. In addition, Enjin recently announced the creation of the $100 million Efinity Metaverse Fund to support its ecosystem partners.

## [Gala (GALA)](https://app.gala.games/)

Gala is a blockchain gaming platform founded on July 21, 2019, by Eric Schiermeyer. It combines Non-Fungible Tokens (NFT) to create a blockchain game ecosystem in which players can trade and own game assets at any time on a global scale. Gala Games’ goal is to take the gaming industry to a whole new level by giving players back control of the game. According to the platform’s website, Gala Games’ goal is to create “blockchain games you’ll want to play.”

GALA’s innovative gaming features are complemented by a strong emphasis on social media and community building. The team is dedicated to providing a fun and supportive environment for gamers to come together and share their passion for gaming. As a result, GALA is poised to become one of the leading platforms in the metaverse space, thanks to its unique gaming and social media features.

Metaverse projects are sprouting almost everywhere, but some have real potential and stand out. The ‘Metaverse’ concept is embedded in blockchain and cryptocurrency, so investment opportunities exist. Furthermore, the buzz surrounding NFT appears to be growing.

Remember, if you choose to invest, don’t put all your money into a single type of Metaverse crypto coin. Instead, diversify and, more importantly, purchase coins that you have researched and believe have potential.

This is a guest article by Brendan Beeken, find the article [on Brendan Beeken's website.](https://brendanbeeken.com/metaverse-crypto-coins-2022/)

Latest Moni

Crypto Learning News

Read the latest Learning crypto news at Moni Talks