Tokens

The crypto space is rapidly expanding and in-comes different token models with additional features leveraging varied mechanisms. Tokens in the crypto space are categorized into either inflationary or deflationary tokens. An inflationary token employs a unique model where tokens are added to the market after a specified period.  A well-demonstrated example of an inflationary token is Bitcoin, which is released 12.5 new coins every 10 minutes to reward miners for mining the next block. However, not all inflationary tokens are…

New technologies become successful when it finds a perfect balance between traditional systems' values and the advantages of new technology. Blockchain has mastered this art, and people are gradually accepting the changes this developing technology brings. One of the changes is accountability in the financial system, which contributed to the creation of tokens. Tokens are digital assets, also known as value contracts. A token standard is stored in a smart contract to help manage balances in the wallet. Today, we…

Investing in cryptocurrencies may be easy, but taking care of your digital assets is difficult. Cryptocurrency wallets are an essential factor in owning and investing in cryptocurrencies of any sort. Most digital currencies have their official wallet, but third-party wallets gain momentum by allowing you to manage multiple coins simultaneously. However, such wallets will only support a limited number of cryptocurrencies. This article reviews Coinomi, which we believe is one of the most trustworthy and experienced companions in our Crypto…

The cryptocurrency hype continues into 2021 with an unprecedented boom on significant coins such as Bitcoin and Ether. The crypto industry is evolving daily and will seemingly rule the traditional financial world. Despite the known volatility of digital assets like coins and tokens from their introduction, people are still anxious about them and want to try their luck by investing in them. However, one thing that might confuse the new class of investors is the crypto industry terminologies. For instance,…

If you're new in the crypto space, the concept of Ethereum and ERC20 tokens can be pretty mind-boggling. Despite being a blockchain such as Bitcoin, Ethereum has numerous capabilities, such as supporting the creation of other tokens and enabling decentralized applications (dApps) to be run on it. In addition, Ethereum provides the necessary infrastructure to create tokens, meaning developers don't have to build an entirely new blockchain.  In creating tokens on the Ethereum blockchain, developers may comply with the ERC-20…