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Want to manage encryption risk? Here's how to reduce risk in the cryptocurrency market

Created by - shera academy

Want to manage encryption risk? Here's how to reduce risk in the cryptocurrency market

Enthusiasm for the crypto space has been high in recent years. As an enthusiastic investor, or even if you are an amateur competitor, the crypto trend may have caught your attention. Analysts have good reason to say that cryptocurrencies have offered significant return potential since their emergence in financial markets. These crypto-assets are defined by a decentralized network powered by blockchain technology. In other words, they are not limited to the rules of a central authority, ie. H. traditional banking system. In short, they are not subject to third-party referrals.The crypto market is indeed very lucrative. However, like any other form of investing, they involve volatility trade-offs and are often subject to market volatility. As such, they face market corrections from time to time. Therefore, you need to be very proactive and do your own research before deciding on the right crypto asset for your profile. Doing proper research and making a safe investment is a great way to predict potential returns on crypto investments. Read on to learn more about how to build a complex crypto portfolio and effectively manage crypto risk.Why is the quality of the crypto space suddenly rising?The crypto market has indeed found its footing. While the concept of blockchain technology may have originated around 2009, it only really took off in 2017. This new form of investing allows the market to explore more avenues to start investing differently than traditional ways. The crypto space has seen a dip as a decentralized system, but it is also heading for new highs.As a fairly new asset class, investors will have access to a variety of new options! Over the past few tears, the crypto space has grown to explore various opportunities through Defi and NFTs. The metaverse at hand is considered the next big thing after the internet. The encryption system is secure and controlled by investors. All of these factors drive a large number of people to explore the crypto market for fear of missing out on potentially valuable returns or exploring new asset classes. If we stick to the trend, global investor demand may only increase over time.What are the risk factors associated with the crypto space?It is safe to say that the thriving blockchain market is here to stay and thrive. However, some risks also exist. If you understand them, you can play the crypto asset game and advance a good crypto risk management strategy. Risks surrounding the crypto space include:Get caught up in the frenzy of the cryptocurrency market. Cryptoassets are correlated with crypto markets, and this dependence can lead to sudden market panics that prevent exits.Market manipulation and fraud. The crypto market is very vulnerable to social information. Fake initial coin offerings (ICOs) continue to surface and pose manipulation risks among naive investors.This is the invisible essence! There is also the downside that the intangible nature of crypto assets puts them at risk in the event of human error. In the trivial case of not being able to remember a password, crypto-assets can be lost.Space regulations lack clarity. This risk is slowly disappearing, but it still dominates.As with any volatile investment market, the crypto space carries certain risks. Stepping through a safe investment portal like academy sheratokens ensures you get more potential value and minimize risk.How can you reduce cryptocurrency risk?We are at the top of the crypto hype cycle. If you take the proper steps to reduce your risk, you can enjoy the potentially great rewards of crypto assets. Let us guide you through the most effective,Fully understand how the market works. If you look closely at dips and peaks, you can also see bigger names beyond Bitcoin and Ethereum. Remember, research must never stop.Read the white paper before investing. It's easy to get and it tells you everything about the asset. If a white paper doesn't have enough specs, consider it a red flag.Plan your investments wisely. The crypto world is very volatile and buying assets at the right time will help protect your portfolio from shock waves.Consistently. Regular investment through sheratokens 's Crypto Investment Program. The program allows you to invest a fixed amount weekly into your sheratokens app wallet. It promotes discipline, reduces the risk ofmarket volatility and promotes long-term potential wealth creation.How to evaluate crypto projects to effectively manage crypto risks:1. Token Economics | Market Cap, Supply, Demand, and Circulation2. Crypto project concept, roadmap, white paper3. Token use case or application4. Social Media Proof and Press/PR5. HNI and Institutional Interests6. Project community: founders, development teams, and usersMeaning of DYORAs a cryptocurrency investor, you should maintain privacy in your investment process. Crypto experts have been emphasizing the importance of cautious hype. If you decide to enter the crypto market, you need to do thorough research.In your own research (DYOR): Note the following:Market cap databases: they tell you which cryptocurrencies are the most invested inICO Calendar: The ICO Calendar is a curated calendar with new token salesBlock Explorer: A block explorer can help you check address balances, track coin transfer history, track transaction acceptance, and monitor other statistics and variables.Forum: Reddit may be the largest community in the blockchain space, but it may be the main reason for FOMO-driven buying. There was also a lively discussion on TwitterPrice charts: including line, bar, and candlestick charts.The most important result of DYOR is to familiarize yourself with everything the market throws out before the jump. As they say; the reward is where the risk is. sheratokens is your go-to app for everything happening in the crypto space. Start your cryptocurrency investing journey with sheratokens , the easiest and safest cryptocurrency investing app in India.

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Published - Mon, 25 Apr 2022

Should People Invest In Cryptocurrency?

Created by - shera academy

Should People Invest In Cryptocurrency?

There is no doubt that digital currencies have shown tremendous growth in recent years. The cryptocurrency space continues to expand, fueled by the astonishing growth of Bitcoin (BTC) and Ether (ETH).Cryptocurrencies have been described as a transformative technology that could revolutionize many industries.A cryptocurrency (or cryptocurrencies) is a non-physical, digital, decentralized currency issued by private systems out of the reach of governments. It is a peer-to-peer system that allows anyone to send and receive payments anywhere.Before we answer whether you or anyone should invest in cryptocurrencies, let's first understand what cryptocurrencies are, where and how to invest in cryptocurrencies, and whether these investments are safe.what is cryptocurrencyThe blockchain technology behind Bitcoin and other cryptocurrencies has been hailed as a potential game-changer in industries ranging from shipping and supply chains to banking and healthcare. By removing intermediaries and trusted actors from computer networks, distributed ledgers enable new types of economic activity that were previously impossible.Another common reason for investing in cryptocurrencies is the desire for a reliable long-term store of value. Unlike fiat currencies, most cryptocurrencies have a limited supply, limited by mathematical algorithms. This makes it impossible for political institutions or government agencies to dilute their value through inflation.How to invest in cryptocurrencies in IndiaCryptocurrencies have become a lucrative financial asset for traders and investors. Despite the volatility factor, many investors, especially in India, have shown great interest in cryptocurrencies due to their stable returns.To start your crypto journey, there are many cryptocurrency exchanges available around the world. However, not all of them are real and effective. Investing in cryptocurrencies is as easy as downloading an app for your smartphone. The steps that users must follow to invest in cryptocurrencies are:Find the right cryptocurrency exchangecryptocurrency researchcreate an accountmake an investmentHow to learn cryptocurrency as a beginnerOnce you have established what cryptocurrency is and the benefits of investing in it, it becomes important to identify sources of knowledge. There are various free and paid resources to learn basic and advanced cryptocurrencies and blockchain. While some courses offer valid certifications, there are many resources that are less useful. Here's what beginners can do to learn more about cryptocurrencies.TOP 5 GLOBAL CRYPTO EXCHANGES After the sudden spike in interest around cryptocurrencies, the first thought that comes to the investors’ minds is where to buy, sell and trade these cryptocurrencies. The place where you can buy, sell as well as trade your favorite tokens are crypto exchanges. These online services often work similarly to a stockbroker, giving you the tools to buy and sell digital currencies like bitcoin, ethereum, and dogecoin. The best cryptocurrency exchanges make it easy to buy and sell the currencies you want with low fees and strong security features. The top 5 Global Crypto Exchanges according to Market Capitalization are as follows: Name Exchange Score Volume Binance 9.9$30,071,709,571Coinbase Exchange 9.0$6,793,862,025KuCoin8.6$3,333,219,387Kraken8.4$1,334,376,375CoinDCX8$83,385,609.79Should people invest in cryptocurrencies?While many proponents believe digital currencies could become part of everyday life, the cryptocurrency market is currently dominated by speculative trading. Research into blockchain activity shows that stock exchange trading remains the most widespread use of cryptocurrencies—with much more economic activity than ordinary transactions and purchases.As a new technology, speculation in the cryptocurrency space is to be expected, especially as blockchain technology matures. However, new investors should be wary of falling into psychological traps such as herd mentality, fear of missing out, or the Big Fool fallacy, which can mean the difference between calculated risk and stupid risk.One of the most impressive and unique aspects of cryptocurrencies is also enormous pressure. Since cryptocurrencies do not rely on a central intermediary, users can securely store cryptographic keys that control their blockchain addresses. Investors who decide to explore the digital currency space should be aware that some special security measures are absolutely necessary, and even these may not adequately protect their assets from hackers who are constantly striving to improve the technology.Anyway!While crypto trading is a current trend and can even generate potentially high returns, it is important to understand that cryptocurrencies are an incredibly speculative and volatile buy. The market is still in its infancy. Investing in anything new presents challenges, so be prepared for ups and downs, including some wild swings.

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Published - Mon, 25 Apr 2022

What is Play-to-Earn in Crypto?

Created by - shera academy

What is Play-to-Earn in Crypto?

The game is a distraction after a long, hard day. At least that's been the case in video games for the past 50 years. However, a new generation of video games is emerging. This generation uses blockchain technology such as non-fungible tokens (NFTs) to reward players with cryptocurrencies. These games, also known as Pay-As-You-Go (P2E), have recently become popular. But what exactly are P2E games and which ones are the most popular?What is Earn Money Games (P2E)?Play-to-earn (P2E) crypto gaming involves earning cryptocurrency by playing games. You can earn in-game currency by completing missions, winning battles, or completing other challenges. Typically, you can exchange this in-game currency for Ethereum or other tokens through a decentralized exchange.The money earned by playing these games comes in the form of cryptocurrencies. This means you can trade it or just use HODL on it. Additionally, they can also be used to buy NFTs. In some cases, NFTs are the in-game currency. This indicates that the user owns in-game items and can sell or trade them in exchange for other things.The P2E industry is booming as the financial rewards of these games provide huge incentives for players. These events are part of the GameFi movement, which combines gaming with decentralized finance (Defi).GameFiGameFi, dubbed "play-to-earn," combines gaming with blockchain-powered financialization. Such games allow users to acquire digital assets for in-game activities through quests, transactions, and other means. While traditional games allow players to collect and exchange digital assets, their investment remains with the game itself, while GameFi games distribute assets across the network. As such, they operate independently of any single organization, significantly reducing the risk of digital assets.Top Play-to-Earn GamesAxie InfinityAxie Infinity quickly became one of the largest blockchain games in the world by leveraging GameFi features like quest completion and property trading.To continue the game, players must collect, train and fight creatures known as Axies. Axie Infinity can offer serious rewards to dedicated players. The best players can make hundreds of thousands of dollars a month. However, even mediocre players can make around $400 during the same period. Players earn these rewards in the form of AXS - an emerging cryptocurrency with a market cap of over $8 billion.Town StarTown Star is a farming simulator similar to the classic game FarmVille on Facebook. In this farming simulator, players can buy trucks or barns as NFTs to farm their virtual land more efficiently and faster. Townstar Tokens (TOWN) are rewarded for achievements and can be used to purchase NFTs. However, in November 2021, the game got its own node, which required further licensing. At the November auction, all the licenses sold out within five minutes. Additionally, TOWN licenses start at $14,000 for the second license cycle this January.Phantom GalaxiesPhantom Galaxies is an open world, third person space sim, mech shooter, RPG. Players take on the role of a Space Ranger piloting a mechanized space fighter. These ships are combat-style ships that can also transform into mechanical robots.During the game, players engage in missions, the game's in-depth storyline, and missions, which are once-in-a-lifetime experiences. Operations (daily quests) and raids (team-based objectives) are also available. The farther you are from the center, the greater the risk of the task and the greater the reward.The first launch of Phantom Galaxies was on the Polygon blockchain. Long-term ideas include supporting multiple chains, each with its own home galaxy, but still allowing players to connect. The closed alpha is already accessible, and the early access beta is scheduled to begin in Q3 2022.Blankos Block PartyBlankos Block Party is an open-world multiplayer crypto game for money. The game is one of the most popular using blockchain technology, with components comparable to Minecraft and Roblox.In the game, users can design unique avatars and environments for other players to use. Additionally, player-created characters are non-fungible tokens. This way you can buy, sell and view them exclusively.Blanks Block Party lets you explore and play games with friends. Additionally, players can design their own rules and personalize their experiences. Although Blankos is just over a year old, it is one of the most popular crypto games.The future of games for making moneyPlaying money-making games could become an exciting part of a decentralized ecosystem.With their fascinating developments and enticing economic incentives, they can be some of the most popular games out there. Therefore, time will tell if P2E gaming will gain popularity in the long term. However, this seems to be the current situation in the crypto market.TakeawaysThe gaming industry was one of the first to adopt NFT tokens.Play-to-Earn (P2E) crypto gaming involves earning currency by playing games.Money won by playing these games can be transferred to a Bitcoin wallet.GameFi is a combination of gaming and blockchain-powered financializationAxie Infinity is the biggest blockchain game. Revenue is supported by AXS.Blankos Block Party is a famous game similar to Minecraft and Roblox.Due to its fascinating development and economic incentives, the future of P2E is very bright.

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Published - Wed, 27 Apr 2022

How are cryptocurrencies stored, sent and received?

Created by - shera academy

How are cryptocurrencies stored, sent and received?

Cryptocurrency wallets are an essential part of storing, sending and receiving cryptocurrencies.It is similar to your bank account. You can access your online bank account (crypto wallet) and see all the numbers, but your money doesn't actually exist. Instead, your money is stored somewhere in the bank's database (blockchain).Likewise, no cryptocurrency is actually stored in a crypto wallet. Instead, what is stored is a set of related information, called your private and public keys, that point to your crypto assets on the blockchain. It's your crypto wallet that interacts with the blockchain to track ownership and give you access to your cryptocurrencies.hot and cold walletThere are two main types of crypto wallets you should know about - hot wallets and cold wallets. Hot wallets are basically always connected to the internet, while cold wallets are not (this is usually hardware that looks like a USB drive).A simplified way of thinking is to compare it to a safe (cold wallet) and an online bank account (hot wallet). Finding and accessing a safe can be more difficult than hacking your online bank account. Therefore, cold wallets are generally considered more secure.However, most beginners just start with a hot wallet as they find it more convenient and accessible. However, it is always recommended that you transfer your funds to a cold wallet for added security.How is encryption sent and received?Encrypted transactions are only possible through the use of public and private keys. Here is an analogy:exchange walletWhen you buy cryptocurrencies from an exchange or deposit platform like Netcoins, there is often an option to store your digital currency directly in your account – this is called an exchange wallet.Most beginners keep their assets in their exchange wallets as it makes it easier for them to buy and sell cryptocurrencies without having to make multiple transfers between wallets.If you want extra security and complete control over your funds, it is always recommended to keep your cryptocurrencies in your personal crypto-wallet rather than an exchange wallet.This means that every time you buy cryptocurrency on an exchange, you have to manually send the cryptocurrency to your external wallet. Vice versa, if you want to sell, you need to transfer the cryptocurrency from the external wallet back to your exchange wallet before you can trade it.do you know? For security reasons, the private and public keys are encrypted. So they are a randomly generated set of letters and numbers. Something like this: 1A1zP1EpSIGaoi2DMPQfTL5S (please don't send encryption to this phrase).

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Published - Thu, 28 Apr 2022

What are cryptocurrencies?

Created by - shera academy

What are cryptocurrencies?

 Cryptocurrencies are digital money not owned or controlled by banks or governments.Shells, livestock, wine, cigarettes, and gold have all played the role of money (and "means of exchange") throughout the history of money. Today, this role is replaced by banknotes and coins issued, controlled, and managed by governments and banks. This new type of currency is called fiat currency.So what is cryptocurrency?Invented in 2008, cryptocurrencies are a relatively new addition to the monetary system. It is a digital currency and therefore does not exist in physical form (no coins or banknotes!). Instead, it exists only online. Unlike fiat currency, it is a currency that is not controlled by a central bank or government.Fiat currency, on the other hand, was invented in 1971, marking the first time in history that money was controlled by a central bank or government (or “central authority”). Before that, money was created and managed by the market and the people themselves. With cryptocurrencies, we come back to who decides what should be currency and how it should be governed.The problem with currency control is that the central authority can make all decisions about money and print as much money as possible to benefit them, regardless of how it affects the rest of society.Cryptocurrencies, on the other hand, are like democracy. They are run by a group of people who believe in the same philosophy: fair money and fair access to money. Then, a group of developers is working to create an online decentralized system that will allow cryptocurrencies to be sent back and forth (called a "peer-to-peer network"). This allows people to send cryptocurrency to each other without going through banks or governments that charge fees or interest rates or delay people's access to funds.Fiat currencies and cryptocurrencies share some similarities:(1) They are used to buy and sell goods and services. For example, you can pay for an Air Canada flight with Bitcoin.(2) One cryptocurrency can be exchanged for another cryptocurrency. You can exchange bitcoin for ether just like you can exchange Canadian dollars for euros.(3) Cryptocurrencies can be used as a form of investment. You can cash out and profit when the price goes up.Cryptocurrencies are considered the currency of the people and the next step in the evolution of money. As our world becomes more and more digital, the role of cryptocurrencies will only grow.

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Published - Thu, 28 Apr 2022

How do I buy cryptocurrencies?

Created by - shera academy

How do I buy cryptocurrencies?

 “Cryptocurrency exchanges” are platforms that allow you to buy, sell and trade cryptocurrencies. The most common way to buy cryptocurrencies is through online platforms that allow you to buy, sell, and trade cryptocurrencies, known as "cryptocurrency exchanges" or simply "exchanges." The exchange usually behaves like your online broker.Canadian exchanges like ours at Netcoins allow you to deposit Canadian dollars directly into your Netcoins account via Interac electronic transfer, online bill pay, or wire transfer.That's it! It's that simple, fast, and painless. While this is great, it's still important to be aware of the other options available to you when buying cryptocurrencies.Bitcoin ATM.A Bitcoin ATM is similar to a regular ATM, but it does not require a PIN. Instead, it uses a QR code from your cryptocurrency wallet app. This code requires the ATM to send bitcoins directly to your wallet. Of course, the first step is to deposit cash into a Bitcoin ATM.Buy Bitcoin in person.Some people prefer human interaction. Because of this, some Bitcoin companies offer brick-and-mortar stores where you will meet someone from their team who will walk you through the buying process from start to finish.Buy Bitcoin in person.Some people prefer human interaction. Because of this, some Bitcoin companies offer brick-and-mortar stores where you will meet someone from their team who will walk you through the buying process from start to finish.Buy bitcoin privately.People who value privacy can meet friends they trust to buy bitcoin from them. LocalBitcoins.com also offers a marketplace where you can set your own bitcoin buying and selling prices and meet in person to complete your purchase.Whatever you like, make sure you do your research and know what you're investing in. If you are meeting with strangers in person, it is recommended that you meet at a police station or bank with guards and cameras (for security reasons).

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Published - Thu, 28 Apr 2022

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How does a blockchain work?
How does a blockchain work?
 The blockchain is a database that allows you to add information but not edit it, therefore making it the go-to place for accurate information. In the digital world, we live in, it is very easy to manipulate information. In fact, it's getting harder and harder to know what's real and who to trust. This is where blockchain comes into play.A blockchain is essentially a database that allows information to be recorded in it, shared, and made available to everyone, but makes the information uneditable. This means that once the information is on the blockchain, it cannot be changed, misinterpreted, or deleted. In this way, the blockchain acts as a source of truth.To understand how blockchain works, let's assume you're moving and start by packing your kitchen utensils.How blockchain works in different industries:health care. Medical records are added to the blockchain so doctors can view accurate health records in real time.music industry. Songwriters put their creations on the blockchain, so true ownership of the work is recorded and other artists cannot copy their work.aerospace industry. NASA uses blockchain to keep its space shuttle information accurate and protect its information from hackers.As you can see, blockchain technology is spreading beyond cryptocurrencies and helping us create a safer, more transparent and more secure world. It is used where the risk is high and the information should not be manipulated. This is what makes blockchain powerful.

Thu, 28 Apr 2022

How do I buy cryptocurrencies?
How do I buy cryptocurrencies?
 “Cryptocurrency exchanges” are platforms that allow you to buy, sell and trade cryptocurrencies. The most common way to buy cryptocurrencies is through online platforms that allow you to buy, sell, and trade cryptocurrencies, known as "cryptocurrency exchanges" or simply "exchanges." The exchange usually behaves like your online broker.Canadian exchanges like ours at Netcoins allow you to deposit Canadian dollars directly into your Netcoins account via Interac electronic transfer, online bill pay, or wire transfer.That's it! It's that simple, fast, and painless. While this is great, it's still important to be aware of the other options available to you when buying cryptocurrencies.Bitcoin ATM.A Bitcoin ATM is similar to a regular ATM, but it does not require a PIN. Instead, it uses a QR code from your cryptocurrency wallet app. This code requires the ATM to send bitcoins directly to your wallet. Of course, the first step is to deposit cash into a Bitcoin ATM.Buy Bitcoin in person.Some people prefer human interaction. Because of this, some Bitcoin companies offer brick-and-mortar stores where you will meet someone from their team who will walk you through the buying process from start to finish.Buy Bitcoin in person.Some people prefer human interaction. Because of this, some Bitcoin companies offer brick-and-mortar stores where you will meet someone from their team who will walk you through the buying process from start to finish.Buy bitcoin privately.People who value privacy can meet friends they trust to buy bitcoin from them. LocalBitcoins.com also offers a marketplace where you can set your own bitcoin buying and selling prices and meet in person to complete your purchase.Whatever you like, make sure you do your research and know what you're investing in. If you are meeting with strangers in person, it is recommended that you meet at a police station or bank with guards and cameras (for security reasons).

Thu, 28 Apr 2022

What are cryptocurrencies?
What are cryptocurrencies?
 Cryptocurrencies are digital money not owned or controlled by banks or governments.Shells, livestock, wine, cigarettes, and gold have all played the role of money (and "means of exchange") throughout the history of money. Today, this role is replaced by banknotes and coins issued, controlled, and managed by governments and banks. This new type of currency is called fiat currency.So what is cryptocurrency?Invented in 2008, cryptocurrencies are a relatively new addition to the monetary system. It is a digital currency and therefore does not exist in physical form (no coins or banknotes!). Instead, it exists only online. Unlike fiat currency, it is a currency that is not controlled by a central bank or government.Fiat currency, on the other hand, was invented in 1971, marking the first time in history that money was controlled by a central bank or government (or “central authority”). Before that, money was created and managed by the market and the people themselves. With cryptocurrencies, we come back to who decides what should be currency and how it should be governed.The problem with currency control is that the central authority can make all decisions about money and print as much money as possible to benefit them, regardless of how it affects the rest of society.Cryptocurrencies, on the other hand, are like democracy. They are run by a group of people who believe in the same philosophy: fair money and fair access to money. Then, a group of developers is working to create an online decentralized system that will allow cryptocurrencies to be sent back and forth (called a "peer-to-peer network"). This allows people to send cryptocurrency to each other without going through banks or governments that charge fees or interest rates or delay people's access to funds.Fiat currencies and cryptocurrencies share some similarities:(1) They are used to buy and sell goods and services. For example, you can pay for an Air Canada flight with Bitcoin.(2) One cryptocurrency can be exchanged for another cryptocurrency. You can exchange bitcoin for ether just like you can exchange Canadian dollars for euros.(3) Cryptocurrencies can be used as a form of investment. You can cash out and profit when the price goes up.Cryptocurrencies are considered the currency of the people and the next step in the evolution of money. As our world becomes more and more digital, the role of cryptocurrencies will only grow.

Thu, 28 Apr 2022

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