Only 8% of the 80’000 block-projects are actively working. At the same time, the life expectancy of the others does not exceed 1.2 years. This is stated in the study of the Chinese Academy of Information and Communication Technologies (CAICT) on industry trends. In that way, there arises a question, whether it is relevant to start such a project and whether it will be successful and bring any profit.
Currently, there are more than 1,000 kinds of tokens available on different stock exchanges. At the same time, their number is constantly growing. It is important to understand that not all cryptocurrencies have their own network since most are released on top of another blockchain.
One of the best aspects of blockchain technology is its transparency. This means that a business that uses a public chain can make its activity completely open. Each user can check the promises given by the company. One of the potential applications for this kind of openness is gambling and online casinos with cryptocurrency, also known as the gambling industry.
It is notable that blockchain technology is built of neutral objects known as blocks. Each block is interconnected in a network, which is known as a chain of blocks. The way the blocks are formed and an entry in them (the transaction) that passes through the chain must have the correct value in each previous block. This leads to a much higher level of fairness (neutrality) and accuracy, as well as transparency.
Many users of a particular crypto exchange are facing the question – how to transfer the cryptocurrency from one exchange to another? The answer is simple: you need to go to the exchange, where funds will be transferred to create the purse of the desired currency and transfer funds to it. However, it is still not completely clear what currency to choose.