Cryptocurrencies are changing online commerce

What is Crypto commerce?

Crypto Commerce consists of buying and selling goods or services online using cryptocurrencies. The platforms used for this activity are based on blockchain and therefore support transactions in cryptocurrencies.

The most important advantage of crypto commerce is that it simultaneously benefits both consumers and trading platforms, thanks to the speed, cost-effectiveness and global accessibility of blockchain transactions.

In addition, users can easily create secure and cryptographically verifiable digital identities. And most interestingly, users can earn returns through cryptocurrencies.

The technology used in crypto commerce is the blockchain, that is, the decentralized system of secure registration of each operation, where all the information is stored so that people can access all records of their operations, keeping better control of expenses and income.

Moreover, the best of all is that there is no intermediary, thus significantly reducing processing costs and ensuring total transparency of transactions.

To get started in the world of cryptocurrencies, we must understand how they work and the different ways to invest in them.

What are cryptocurrencies?

Cryptocurrencies are basically virtual money protected through cryptography.

The history of cryptocurrencies began in 2009, thanks to the creation of Bitcoin by Satoshi Nakamoto.

Initially, this virtual currency was not available for purchase and could only be "mined" after writing a lot of complex computer codes.

There are currently more than 5,000 cryptocurrencies, and this number continues to grow every day. The most attractive feature for crypto investors is that most of them are not issued by any central authority, so they remain immune to manipulations or impacts generated by governments.

Cryptocurrencies are like any other traditional currency such as the dollar, the euro, among others, but in a digital form. These currencies were created as a conventional payment method without any intermediary bank. Therefore, they function as a different alternative to traditional currencies in a digital era.

There are thousands of tokens in this world, however memescoin such as Husko, Doge and Shiba Inu have become the most popular in the crypto community thanks to the high returns they have come to offer to many investors.

Types of crypto investors

In the world of cryptocurrencies we have two types of investors, those who invest for the long term and those who invest for the short term hoping to make a quick profit.

Long-term investors are generally known as HOLDers and are people who stand firm in the face of market volatility, i.e. they are not waiting for the asset to go up or down in price to sell it immediately,

While short sellers are mostly people who are engaged in trading or simply waiting for an upward or downward movement to make a quick profit.

Most of the time short term or novice investors end up losing money in this market because they sell their cryptocurrencies for fear of losing everything in a sharp downward movement.

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FTX is not the collapse of bitcoin

FTX, a cryptocurrency derivatives exchange, has recently come under scrutiny by some who claim that it is contributing to the collapse of the bitcoin market. However, these claims are unfounded and do not accurately reflect the reality of the situation.

First and foremost, it is important to understand that the value of bitcoin, like any other asset, is determined by supply and demand. The price of bitcoin fluctuates based on the market forces of buyers and sellers, and is not directly influenced by the actions of a single exchange like FTX. In fact, FTX is just one of many exchanges that facilitate the buying and selling of bitcoin, and its impact on the market is relatively small compared to the overall trading volume.

Furthermore, the claim that FTX is contributing to the collapse of the bitcoin market is not supported by any evidence. The value of bitcoin has been on a general downward trend over the past few years, but this trend is not unique to the time period in which FTX has been operating. In fact, the decline in the value of bitcoin began long before FTX was even founded, and can be attributed to a variety of factors such as market saturation, regulatory uncertainty, and competition from other cryptocurrencies.

Additionally, it is important to note that FTX is a regulated exchange that operates in compliance with the laws and regulations of the countries in which it operates. This means that the exchange is subject to strict oversight and is required to follow strict guidelines to protect its customers and ensure the integrity of the market. By operating in a transparent and compliant manner, FTX is actually helping to promote stability and trust in the bitcoin market, not contributing to its collapse.

In conclusion, the claim that FTX is contributing to the collapse of the bitcoin market is unfounded and lacks evidence. The value of bitcoin is determined by market forces, and FTX is just one of many exchanges that facilitate the buying and selling of the cryptocurrency. Furthermore, FTX operates in a transparent and compliant manner, and is actually helping to promote trust and stability in the bitcoin market.

Meet Solana and the most popular projects created on it

Solana is a blockchain network of decentralized nodes that allows the scheduling of smart contracts. This network is programmable, as it uses Proof-of-Stake and Proof-of-History consensus, to order on-chain events.

Solana's development began in 2017 when its creator, Anatoly Yakovenko, started working on a network that would be robust enough to operate as synchronously as if it were a single node.

Solana's native coin (SOL) is one of the most important cryptocurrencies in the ecosystem, behind Bitcoin, Ethereum and major stablecoins such as USDT and BUSD.

Solana uses the Proof of Stake consensus, which replaces the Proof of Work to extend its stability and security within the network, while the Proof of History increases the scalability of its blockchain, keeping its decentralization and security intact, through a history that records the events along the executed activities, thus avoiding the loss of time when performing fast transactions.

How does the Solana network works?

Solana works as a Proof of Stake recognition network independently of the validation through Proof of History, this allows its owners to participate and ensure the operation of the network by staking, with the incentive of receiving more SOL tokens in return.

SOL is mainly used to pay commissions when trading through dapps. However, it also allows fees to be paid when creating dapps, programming smart contracts, in mining NFTs or for performing value transfers on its blockchain.

Solana has a wide gallery of decentralized financial products and services (such as Orca or Solend), cryptocurrency and NFT marketplaces (Magic Eden, Solanart), as well as several blockchain games such as e.g. DeFi Land.

Here we will show you the most important projects in Solana that besides having a solid base have a great community and a team of skilled developers behind them.

Serum: It is a non-custodial decentralized exchange (DEX), which has become popular due to its high transaction speed and low fees.

Recently, the Solana community announced the launch of Vybe DEX, a data-driven trading interface powered by Serum's central limit order book and matching engine, which allows the community to query, index and share data on-chain to create dApps and web analytics3.

Raydium: It is an automated market making mechanism (AMM) and liquidity provider on the Solana blockchain for Serum. It is also the first AMM project within Serum.

Raydium's mission is to attract new and existing projects and protocols to the Solana ecosystem.

Star Atlas: Is a multiplayer navigation blockchain game, which has become one of the most promising games of the year, not only for the gameplay it offers, but for the Unreal Engine 5 and Nanite graphics engine with which it is being developed.

The game seeks to establish a metaverse with an open economy, where players can experience absolute freedom and earn ATLAS tokens by playing.

Star Atlas has strategic and economic elements that will allow players to have a fun experience while earning money.

Solarians: It is a collection of 10,000 totally randomized NFT robots made on the Solana block network. Each Solarian is different from the others, and some of these NFTs have Easter eggs that were specially drawn by the artist.

This is Solana's first on-chain generative NFT project. Another interesting fact is that his team was involved in the creation of Digital Eyes, Solana's first open NFT marketplace.