CRYPTO NOTES/ SCRIPTS
Crypto FACTS
ONLY in the CRYPTO World would you understand this:
KRAKEN USER: Yes I was able to "Stake" the KAVA. Thanks
MINING DEFINITION:
Yes, mining is the process that allows updating and maintenance of information on the relevant blockchain.
An outcome of mining (validation transactions on the network) results in generation of cryptocurrency as reward to the miners(people providing the computers and electricity to allow the computers to perform and validate the transactions).
As long as you have confirmed the integrity of the entity that are providing you the returns on your investments, everything should continue accordingly without any huddle ????
STAKING:
Based on what you have described, it seems that the TRX you sent to the miners are a form of Staking. Where an individual provides their funds to another authorised entity, and the investor receive a % in rewards on the funds the provided.
More about staking here >> www.kraken.com/features/staking-coins
Yes, if the entity is providing you with the flexibility to withdraw your funds at your convenience, then this is a good thing.
As the core factors of having crypto would be a security of assets and control over the assets by the owner ????
Saket: "As the crypto industry is constantly evolving, it is good practice to be up to date with the processes. You can subscribe to our blog blog.kraken.com to receive the latest news from Kraken ??"
Yes, if you already have a certain amount of assets (assuming they are supported for staking on Kraken as per the list), you can stake them here at your convenience.
Saket: "There are some restriction in terms of geographical location that may hinder users from doing so, and the information can be found here >> support.kraken.com/hc/en-us/articles/360001368823-Where-can-I-use-Kraken-
You can also explore the different types of staking available on Kraken here
>> support.kraken.com/hc/en-us/articles/360037682011-Overview-of-On-chain-staking-on-Kraken
>> support.kraken.com/hc/en-us/articles/360044886531 "
SaketYes, you can stake 136 TRX on Kraken and have an annual reward(APY) of 4%-7% , which is paid out weekly Tuesday ( Starting* at 02:00 UTC )
Unlike other staking services, at Kraken there is no minimum On-chain staking time needed to earn rewards. You start earning pro-rated rewards for On-chain staking as soon as your instructions to stake are processed by Kraken (which may be within minutes of you staking your funds).
Kraken UserOh I see...
And I can withdraw what I want as I do the staking?
each week or something?
So withdraw like !0% of the fund each week or month?
SaketWhen you stake an assets, the funds are not available for withdrawal or Trading as long as they are "Staked". But you can unstake a certain amount at anytime, and withdraw at your convenience ????
Kraken UserI see... I'm watching the video you sent me and it seems like you earn a portion each week and can reinvest it or keep it if you want?
SaketExactly, as the rewards you obtain from staking is added to the total "Staked Balance", so you can unstake the amount you would like to withdrawn or trade with.
BASICS OF BITCOIN:
To get a better insight on the technology and mechanism involved, I would recommend you to explore our page here >> www.kraken.com/learn/what-is-bitcoin-btc/ , the page also contains links for other coins, explaining the nature of the project and their purpose ??
STAKING:
Kraken User
I was wondering how do I check on its value each day?
Robert
You can check that same "Earn" page.
You will find total rewards, staking balance and value columns.
You can also check Kava price here:
https://www.kraken.com/en-us/prices/kava-price-chart/eur-euro?interval=1m
using "Prices" tab top of the page.
Bitcoin's price is primarily affected by its supply, the market's demand for it, availability, competing cryptocurrencies, and investor sentiment. Bitcoin supply is limited—there is a finite number of bitcoin, and the final coins are projected to be mined in 2140.
7 Key Factors Influencing Cryptocurrency Value
Node Count. The node count shows how many active wallets exist in the same network. ...
Production Cost. The production cost is another factor that influences cryptocurrency value. ...
Crypto Exchanges. ...
Competition. ...
Government Regulation. ...
Scarcity. ...
Social Media.
What's making Bitcoin go down?
Some of the drops have been caused by a combination of factors, Noble theorizes, from excitement about low-quality coins, to negative remarks from Elon Musk, to China's recent crackdown on crypto services. This mix of factors has potential to make sell-offs “all the more violent,” says Noble.
Do all cryptocurrencies go up and down together?
If you have been following the cryptocurrency market, you might have noticed by now that every time Bitcoin's price goes down, alternative cryptocurrency prices (commonly called altcoins) follow. The opposite is equally true – when the price of bitcoin rallies, we expect altcoins to go up in price shortly after.
What crypto is going to explode?
Uniswap. Uniswap is one of the top cryptocurrencies set to explode this year because it could end up crushing centralized exchanges, such as the Binance exchange as well as traditional and market maker brokers. Uniswap is the most popular decentralized application on the Ethereum network.
How long does it take to mine 1 Bitcoin?
about 10 minutes
The average time for generating one Bitcoin is about 10 minutes, but this applies only to powerful machines. The speed of mining depends on the type of Bitcoin mining hardware you are using. What coin could be the next Bitcoin?
1. Ethereum (ETH) Ethereum, commonly known as ether, is the world's second-largest cryptocurrency behind bitcoin, even outperforming bitcoin at times. Last year, Ethereum instituted a major upgrade that included reducing the supply of ether, currently at 121.02 billion coins.
What is the next big crypto?
Cardano. Recently, Cardano is hitting the headlines as the next big cryptocurrency. The ADA network is one of the most popular and fast-growing blockchains that follows secure and sustainable use cases in the real world. The ADA token has recently acquired extended attention as a proof-of-stake blockchain
What is the biggest Blockchain company?
IBM
Founded in 1911, IBM is a cloud platform and cognitive solutions company — it's also the largest company in the world embracing blockchain. IBM has helped more than 220 businesses develop applications and data governance tools that run on blockchain.
What is the most accurate stock predictor?
The MACD is the best way to predict the movement of a stock.
What is the safest Bitcoin to invest in?
Because of its performance over time, binance coin has proven to be one of the more stable investment options — relatively speaking. Binance is the world's largest cryptocurrency exchange, according to CoinMarketCap — U.S. residents must use the Binance.US version.
How is bitcoin real money?
Bitcoin is a decentralized digital currency that you can buy, sell and exchange directly, without an intermediary like a bank. Bitcoin's creator, Satoshi Nakamoto, originally described the need for “an electronic payment system based on cryptographic proof instead of trust.”
Who has the most Bitcoin?
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Who is the wealthiest person in cryptocurrency? According to the Bloomberg Billionaire Index, Changpeng Zhao—founder of cryptocurrency exchange Binance—is estimated to be worth $96 billion, making him the richest person in cryptocurrencies.
Which government owns the most bitcoin?
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Governments Holding the Most Bitcoin
Governments across the world own an estimated 259,870 BTC, representing 1.237% of the total supply. Reports claim that Bulgaria holds more than 213,519 BTC, and members of the Ukrainian government privately hold roughly 46,351 BTC.
What country owns the most bitcoin?
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According to Triple-A, India has more cryptocurrency holders than any other country, i.e., more than 100 million. Yes, in India, more than 100 million people owns cryptocurrency. Here is a list of top countries with most cryptocurrency owners in the world.
Does George Soros own bitcoin?
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Soros Fund Management, the asset management company founded by billionaire investor and philanthropist George Soros, has revealed that it owns the cryptocurrency bitcoin.
How many Bitcoin are left?
How Many Bitcoins Are Left to Mine? As of June 2022, approximately 19.07 million Bitcoins are in circulation. This means that there are only 1.92 million Bitcoins left for mining, and more than 90% of all bitcoin has been mined.
How do people get rich quick with stocks?
Day Trade. If you're a nimble and proficient trader, probably the “easiest” way to make fast money in the stock market is to become a day trader. A day trader moves in and out of a stock rapidly within a single day, sometimes making multiple transactions in the same security on the same day.
What can I invent to get rich?
12 Inventions That Could Make $1 Billion
Energy storage. A man installing solar panels | iStock.com. ...
Asteroid mining. ...
Wireless electricity. ...
Cheap, portable water filtration. ...
Superior carbon capture tech. ...
Superior fracking tech. ...
Reverse microwave. ...
(Good) meatless meat.
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