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  • Shantanu Sharma
    Shantanu Sharma answered 10/19/2020

    On CoinMarketCap there are 3,543 cryptocurrencies listed. How many different types of crypto does the world really need?

    Firstly, there are 7400+ cryptos listed on CMC. Check out the top header bar on https://coinmarketcap.com/

    Having said that, not all of them are reliable or can be considered fully functional as of now. Many of them are dead, defunct, scams, etc. which you can find on deadcoins.com. ... more

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  • Matthew Bennett
    Matthew Bennett answered 10/18/2020

    What are the pitfalls to crypto adoption?

    Presently there are a number of pitfalls ranging from reputation to reliability. The issue with blockchain is the reputation through to the massive variances with what they represent. The other issues are that alot of blockchains are used to just raise money for an idea. 

    The latest my team has... more

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  • Shantanu Sharma
    Shantanu Sharma answered 10/15/2020

    Do you think India is ready to adopt and innovate in cryptocurrency?

    For the uninitiated, India has already been at the forefront of crypto innovation with companies like WazirX (now acquired by Binance), CoinDCX, BitBNS, Marlin, Matic, Persistence, EasyFi, OroPocket, Persistence, raising multi-million dollars in investments. Currently, the daily volumes in exchanges... more

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  • Shantanu Sharma
    Shantanu Sharma answered 10/15/2020

    What is Cryptocurrency mining? Can anyone do it?

    Cryptocurrency mining is a two-way process. 

    1. One, it is an accounting process to verify, validate, and record cryptocurrency transactions on an online, public, and encrypted ledger - called the blockchain. This is done by installing a CPU/specialized computers, called miners, along with the ... more

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  • Jay Derenthal
    Jay Derenthal answered 8/18/2020

    What are the benefits of a security token offering (STO)?

    Good question. The answer could fill a book, and probably will soon. Here is a rough outline of a few of the benefits of STOs for capital formation issuers, investment fund admins, and individual investors:

    Security Token Offering Benefits for Issuers
    •Cap table automation streamlines investor manage... more

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  • Darren Nelsen
    Darren Nelsen answered 8/5/2020

    How many blockchains are there?

    There are hundreds, if not thousands, of blockchains. The number will continue to grow as blockchain technology is adopted and adapted to new use cases. In time, there could be hundreds of thousands or millions of chains in the same way that there are so many computer networks in the world today.

    Th... more

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  • Darren Nelsen
    Darren Nelsen answered 8/4/2020

    Are there any drawbacks to blockchain?

    Yes. As with anything, blockchains have advantages and disadvantages and should be used for appropriate purposes.

    Depending on your perspective or usage, the following may be seen as drawbacks:

    Some blockchains are 'slow'. Blockchains move (or process information) at a certain speed (and different b... more

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  • Darren Nelsen
    Darren Nelsen answered 8/4/2020

    Why is the blockchain immutable?

    A blockchain is immutable because (in simple terms):

    The ledger is append only.
    As opposed to a traditional database, which allows records to be inserted or edited, a blockchain only adds records to the end of the ledger.

    Records are linked together and cryptographically sealed with unique 'fingerpri... more

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  • Darren Nelsen
    Darren Nelsen answered 8/4/2020

    What Is A 51% Attack?

    A 51% attack is when a miner or group of miners obtain 51% or more of the network hash power, allowing them to rewrite blockchain history. This attack is used for (among other things) a double-spend, where the attacker executes a transaction on the current blockchain (for example, to purchase goods)... more

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