Crypto knowledge database

[vc_row type=”vc_default” margin_top=”-50″ bg_type=”image” parallax_style=”vcpb-vz-jquery” bg_image_new=”id^1616|url^https://cutthecrypto.com/wp-content/uploads/2014/03/fancyblue.gif|caption^null|alt^null|title^fancyblue|description^null” bg_image_repeat=”no-repeat” bg_override=”ex-full” css=”.vc_custom_1526058734710{padding-top: 10% !important;padding-bottom: 10% !important;background-color: #0b5482 !important;}”][vc_column offset=”vc_col-lg-12 vc_col-md-12″ css=”.vc_custom_1526058727711{padding-top: 100px !important;padding-bottom: 20px !important;}”][ultimate_heading main_heading=”Got a question about crypto? Check our FAQ and get your answers!” main_heading_color=”#ffffff” sub_heading_color=”#ffffff” main_heading_font_size=”desktop:70px;mobile_landscape:30px;” main_heading_line_height=”desktop:80px;mobile_landscape:40px;” sub_heading_font_size=”desktop:40px;mobile_landscape:22px;” sub_heading_line_height=”desktop:50px;mobile_landscape:32px;” sub_heading_margin=”margin-top:10px;margin-bottom:25px;” el_class=”accent-subtitle-color” sub_heading_font_family=”font_family:Roboto|font_call:Roboto”][/ultimate_heading][dt_breadcrumbs font_style=”normal:normal:none” font_size=”13px” line_height=”16px” font_color=”#ffffff” paddings=”3px 10px 3px 10px” bg_color=”rgba(255,255,255,0.15)” border_color=”rgba(255,255,255,0.25)” border_width=”0px” border_radius=”5px”][/vc_column][/vc_row][vc_row type=”vc_default” margin_top=”0″ margin_bottom=”-50″ css=”.vc_custom_1490277474311{padding-top: 70px !important;padding-bottom: 70px !important;}”][vc_column offset=”vc_col-lg-offset-2 vc_col-lg-8 vc_col-md-offset-1 vc_col-md-10 vc_col-xs-12″][vc_accordion active_tab=”false” collapsible=”yes” style=”2″][vc_accordion_tab title=”What is a cryptocurrency?”][vc_column_text]Cryptocurrency is basically a virtual exchange medium that uses a cryptography in order to secure its transactions and control the creation of the system units. Meaning, cryptocurrency simply represents money in the digital marketplace nothing else. It is based on an open-source software, cryptography and networking. It lets people or users avoid fees or the lowest fees as compared to what your banks are charging. The system takes part in the non-cash transactions that is anonymous while guaranteeing a secure transactions.

Cryptocurrency is associated with internet using cryptography process converting legible information into an almost uncrack-able digital code, impossible to crack transfers and purchases.

In history, cryptography was born during the Second World War in order to secure communication. It only evolved in the new generation age, the ‘digital era’ with the elements of computer science and mathematical theory to become a secure money online, information and communications.

For most people, cryptocurrency topic are difficult to understand, cryptocurrencies key management mechanics commonly confuses people in the community. With this, there are cases in which people who purchased cryptocurrencies in the market, but in the end left them in others as the holder, the worst scenario is that the balance will be lost to an insider theft or some hackers. Cryptocurrency is subject to pump and dump and this is normal, this is similar to the penny stocks. Because no one knows what scale will be adopted by the currencies, and there is uncertainty about how the community will maximize them, any cryptocurrencies are volatile relative to the traditional fiat currencies.[/vc_column_text][/vc_accordion_tab][vc_accordion_tab title=”How many cryptocurrencies exist in the web?”][vc_column_text]There is no exact number of existing cryptocurrencies exist in the ecosystem, this is because the code of the cryptocurrency is an open source, this means that anyone has the chance to create their own version of cryptocurrency by just using the code. But as to this moment, the estimated cryptocurrencies in the marketplace is about more than 900, along with the data embedded on them, which can be seen on the list of registered coins.[/vc_column_text][/vc_accordion_tab][vc_accordion_tab title=”Why use cryptocurrency?”][vc_column_text]Basically, cryptocurrencies are known for its extreme security and anonymity to the highest level. Transactions made by this system cannot be reversed nor faked and compared to what your local bank are doing in its client charging high transaction fees. In cryptocurrency the fees are to the lowest level, making it reliable than the conventional currency in the marketplace. Its decentralized nature means they can be available to everyone, in which banks can only be available to those they permitted to open accounts.

Cryptocurrency is a new generation cash, the cryptocurrency marketplace known this that currency that could take off high value even overnight. But same works the other way around. People who invest on cryptocurrencies must be aware on its volatility in the market and the possible risk when buying it.

The high level of anonymity of cryptocurrencies make experts think that they are associated with the illegal activities on the digital marketplace, this is more to say specifically on dark web. Users should take extra careful when choosing currencies to keep.[/vc_column_text][/vc_accordion_tab][vc_accordion_tab title=”What was the first cryptocurrency?”][vc_column_text]The first cryptocurrency that was recorded in the digital data was bitcoin, created in the late 2009 and still as of now the best cryptocurrency known in the marketplace. A creation of cryptocurrencies has started emerging in the past decade and now more than 1000 cryptocurrencies can be found on the internet.[/vc_column_text][/vc_accordion_tab][vc_accordion_tab title=”Can i advertise my ico on your website?”][vc_column_text]Get in touch with Cut The Crypto, we will most likely have a solution to support your billion dollar vision! [contact@cutthecrypto.com][/vc_column_text][/vc_accordion_tab][vc_accordion_tab title=”Is it possible to do a guestblog on your blog?”][vc_column_text]We love to have different visions from different people. If you think can contribute to our platform feel free to contact us [contact@cutthecrypto.com][/vc_column_text][/vc_accordion_tab][vc_accordion_tab title=”Why should I get involved in cryptocurrency?”][vc_column_text]Because most people believed that it is profitable. Anyone has the option to mine its coins or simply invest into them. The expanding ecosystem provide a multiple opportunities on the possibility of doubling or even more your current assets.

What was more convincing was that, cryptocurrency value are evaluated constantly and then re-evaluated as more people join the network. At beginning, cryptocurrency revolution was at 100$ initial investment that could brought hundreds or even thousand profits. Till date, this kind of opportunity is still available.[/vc_column_text][/vc_accordion_tab][vc_accordion_tab title=”How is the cryptocurrency value determined?”][vc_column_text]The value of cryptocurrencies are ranked in a value or unit times and the cost of exchange to buy equals the capitalization in the market. For instance 1 Steem coin is worth $1.50 on Poloniex this rate was in the previous month. But the price can move at any moment, the market capitalization is only an estimate of the overall value of the digital currency.[/vc_column_text][/vc_accordion_tab][vc_accordion_tab title=”Is Cryptocurrency Legal?”][vc_column_text]It is very much understandable to have this question regarding its legality, e.g. using Bitcoin or BTC. This platform introduced a new paradigm which is away from traditional regulations and regulators that is govern by the fiat currency.

Not like counterfeit money, illegal, which is blatant example of “currency” that slants as legal, tender. But BTC is totally different. It operates in an ostensibly gray area when talking about regulation. But all of these issues boil down due to lack of rules that governs a cryptocurrency like Bitcoin, Ethereum, etc. rather than the blatant law violation.

All the questions regarding cryptocurrencies and the law depends on how these digital currency in the ecosystem are being utilized in the marketplace.

For instance, Bitcoin regulators have been concerned with its semi-anonymity and its decentralized nature in the digital marketplace. Not just in United States but the same situation towards other countries, authorities fear that the system could be used or already been used for such money laundering activities and purchase of these forbidden goods without having traced.

These activity are not helping out Bitcoin’s reputation with establishments that was prevalence of using it as major payment services in the digital marketplace, in which customers purchase illegal goods. Whether people uses Bitcoin or not as long as you are doing illegal activities it’s always be illegal. The issue here is the illegality of the activity, whether you paid something in cash, gold, Bitcoin, or any other forms of currency.

According to U.S. Treasury department Network. As 2013, purchasing well natured goods and services using cryptocurrencies like Bitcoin are not illegal. But those people or organization who mine Bitcoins and then trade them for a traditional currency or establish an exchange services on which BTC are bought and sold are then labelled as money transmitter and could subject to a special laws govern by that activity.

The legality of these cryptocurrencies, for instance Bitcoin is viewed differently by experts, but one thing that is sure, as long as it is not connected to any illicit activities, then you don’t have to worry about it. These cryptocurrencies do not exist on the list of sanctioned list currencies, its status could somewhat place a user at risk but no violation of any laws.[/vc_column_text][/vc_accordion_tab][vc_accordion_tab title=”Is Cyrptocurrency safe?”][vc_column_text]Every day of each year cryptocurrency is getting known by people, of course it is made to exchange secure information, in the year 2009 the first cryptocurrency was created in the name of Bitcoin. In the preceding years new cryptocurrencies follow namely, Dash, Ripple, Litecoin, etc. But among those list of cryptocurrencies in the marketplace, Bitcoin has not been beaten.

These cryptocurrencies are obviously safe and more and more people are trusting it, this is because of its decentralized feature, the transparency and how the system works.

Almost more than three million Bitcoin users are in the marketplace right now, most are doing investment in the said currency. Even though there are risk in investing this currency, because of its fluctuation, there are around more than 6,000 companies and organizations accepting Bitcoin payments.

One reasons why we should consider cryptocurrency safe is that wallet holder or buyer doesn’t need real information like credit card numbers etc. That alone ensures that you will not be known to someone. Years from now it is expected crypto currency like Bitcoin will become a bridge towards secure payments and will expand more.[/vc_column_text][/vc_accordion_tab][vc_accordion_tab title=”What is the main difference between tokens and cryptocurrencies?”][vc_column_text]From what most people define, when we talk about currency, this is a generally accepted form of money, this can be paper notes, coins, which is naturally issued by the government and then circulated in the economy.

Cryptocurrency on the other hand is not that different from tokens. These tokens are issued by enthusiastic developers and someone in the community bought it (or received it for something in return) and can obviously trade them, then it becomes a cryptocurrency.

But, these tokens are more than just a cryptocurrency. They can be used in some cases in the operation of smart contracts in the network that accepts the specific token. Let us say for instance, BAT or the Basic Attention Tokens are used in advertising related service. This means that BAT value are useful for those who want to increase their engagement and will buy this type of token.

So therefore, cryptocurrencies helps the transfer of value in the community that accepts it and function as what a physical money does, as token this can be used for some cases in the blockchain.[/vc_column_text][/vc_accordion_tab][/vc_accordion][/vc_column][/vc_row][vc_row type=”vc_default” equal_height=”yes” margin_top=”0″ margin_bottom=”-40″ bg_type=”image” parallax_style=”vcpb-default” bg_image_new=”id^1690|url^https://cutthecrypto.com/wp-content/uploads/2014/03/skin05r.stripes-stripe-1-bg-image.gif|caption^null|alt^null|title^skin05r.stripes-stripe-1-bg-image|description^null” bg_image_size=”initial” bg_override=”ex-full” css=”.vc_custom_1490276314939{padding-top: 70px !important;padding-bottom: 25px !important;background-color: #f3f4f4 !important;}”][vc_column width=”2/3″ offset=”vc_col-lg-offset-2 vc_col-lg-8 vc_col-md-offset-2 vc_col-md-8 vc_col-sm-offset-2 vc_col-xs-12″ css=”.vc_custom_1490276756183{margin-bottom: 40px !important;}”][ultimate_heading main_heading=”Please provide us with feedback” spacer=”line_only” spacer_position=”middle” line_height=”4″ main_heading_font_size=”desktop:40px;” main_heading_line_height=”desktop:50px;” main_heading_margin=”margin-bottom:15px;” line_width=”120″ spacer_margin=”margin-bottom:40px;” el_class=”accent-border-color” sub_heading_line_height=”desktop:28px;”][/ultimate_heading][vc_column_text css=”.vc_custom_1543331818718{padding-bottom: 45px !important;}”][dt_quote type=”blockquote” font_size=”big” animation=”none” background=”plain”]We all need people who will give us feedback. That’s how we improve – “Bill Gates”[/dt_quote]

 

We love to hear from you what you think of our platform. Maybe you see some points we could improve or add to it.[/vc_column_text][dt_contact_form fields=”name,email,telephone,message” message_height=”5″ required=”name,email,message” button_title=”Send Message” button_size=”medium”][/vc_column][/vc_row]