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Cryptocurrency can be one of the more complicated things to get into. Understanding which digital asset is about to enjoy a bullish run or which blockchain is the best platform to develop an application can be complex. The crypto market is accompanied by a myriad of challenges and drawbacks and investors have to be certain about a coin before they decide to invest. Looking at Bitcoin (BTC), Ethereum (ETH), and Dogetti (DETI) as examples, well use this article to weigh up the advantages and disadvantages of investing in cryptocurrency in 2023.

The major risk associated with buying crypto is volatility. The value of a coin can fluctuate wildly in a very short space of time. This means investment can appear speculative as there is no guarantee that the crypto being bought will always be trading profitably for investors. Whilst this volatility can generate high returns, it can also lead the way to significant losses.

Sometimes this can be triggered by unexpected events.

The year 2023 has been something of a difficult grieving process for the cryptocurrency market after the FTX crash. This triggered a domino effect as Silvergate Capital, a crypto-focused bank, was followed by banks specialising in digital currency in announcing the closure of its operations. This led to the crypto market bleeding heavily as even the two biggest cryptocurrencies, Bitcoin and Ethereum, began trading bearishly as investors lost confidence.

Another risk that comes with cryptocurrency is the potential for hacking. Because cryptocurrency transactions are irreversible, it can be difficult to recover funds if they are stolen. Additionally, if you lose your private key or forget your password, you may not be able to access your funds. The threat of hacking is particularly prominent; a report published last year by the United Nations found that billions of dollars had been stolen from crypto-related businesses by cybercriminals.

Cryptocurrency does however generate incredibly promising rewards when everything falls into place together. Bitcoin and Ethereum are prime examples of that. Bitcoin might have started off as worth just a few cents but it is now worth over $28,000 per coin with a market cap of around $548bn.

The rewards arent just about filling your pockets immediately either. Blockchain technology has been revolutionary in how it has allowed applications to be developed using them. Ethereum has led the way on this and has cultivated a reputation of high trust and reliability amongst developers. On top of that, the Ether token is a very lucrative investment for crypto traders, as its currently selling for around $1,838 on the market.

And though, as mentioned previously, this is not a solid indication of the future, Bitcoin and Ethereum underline the resilience of the cryptocurrency market. Prices can crash, but they often recover too.

An issue with the financial market, in general, today is that it is controlled by governments or financial institutions, its not beholden to customers. There are, however, many crypto coins that are accountable and rooted in those who use their services. Dogetti is an example of that. Known as a meme coin, it establishes humour and mafia tropes to build a tight-knit community that sustains it.

Dogettis unique selling point is that its ecosystem embeds investors into the platform and ensures they have both a stake and a voice in the coin. This can involve ensuring that all who hold DETI tokens receive some earnings from a 6% tax on all transactions on Dogettis NFT Marketplace. It can also mean entrenching the representation of DETI members into the decision-making process of the platform through the DogettiDAO feature.

Dogetti (DETI)

Presale: https://dogetti.io/how-to-buy

Website: https://dogetti.io/

Telegram: https://t.me/Dogetti

Twitter: https://twitter.com/_Dogetti_

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What Are The Benefits And Dangers Of Buying Cryptocurrency In ... - NewsWatch

The newly launched ZeroSync Association is bringing zero-knowledge proofs (ZKPs) to Bitcoin (BTC), allowing users to validate the state of the network without the need to download hundreds of gigabytes of blockchain history or trusting a third party.

Based in Zug, Switzerland, the ZeroSync Association is a non-profit entity supported by various community stakeholders, including core contributors Robert Linus, Tino Steffens, Lukas George, and Max Gillett, as well as supporting partners, such as Lightning Labs, among others.

For the first version of its software, ZeroSync is using Cairo, the programming language brought to life by StarkWare, the Israeli-based company developing popular Ethereum layer-2 scaling solutions StarkEx and StarkNet.

ZeroSync is the first production attempt to radically upgrade the Bitcoin protocol, StarkWare's ecosystem lead Louis Guthmann told Decrypt. It would transform the way people think about the system at a fundamental level.

Commonly referred to as zk-STARKs, StarkWares version of ZKPs does not require the potentially vulnerable trusted setup phase, while claiming to be more scalable and efficient than zk-SNARKsan iteration of ZKP used, for example, by the privacy-focused cryptocurrency Zcash.

StarkWare initially deployed zk-STARKs exclusively on the Ethereum blockchain, and seeing them go live on Bitcoin is a logical next step, according to Uri Kolodny, CEO and co-founder at StarkWare Industries.

This could have a profound effect on how Bitcoin users interact with the network, Kolodny said in a statement shared with Decrypt.

To give Bitcoin developers easy access to ZKPs, ZeroSync is developing a software development kit (SDK) that allows them to generate custom validity proofs depending on individual use cases.

A key part of this SDK is ZeroSyncs client which enables fast initial block download (IBD) and the implementation of the first full proof-of-Bitcoin consensus.

Syncing the Bitcoin blockchain can be a painful process as, depending on your internet connection speed, downloading the history of transactions can take days or even weeks, with new blocks added every ten minutes on average.

According to ZeroSync, its client can be used not only to sync a full node much faster but also without needing to make any code changes to the Bitcoin Core software.

The technology can also be applied to compress the transaction history of validation protocols such as Taro, a protocol for issuing stablecoins on Bitcoins Lightning Network, or, for example, to enable Bitcoin exchanges and custodial services to provide proof-of-reserves.

After years of frustration about slow syncing, users will be able to sync with the network much faster, and with less computation. Its a technological leap akin to the transition from slow dial-up internet to high-speed broadband, said STARKs co-inventor and StarkWare president Eli Ben-Sasson.

While StarkWare, which funds the initiative along with Geometry Research, plans to keep its focus on Ethereum, for Ben-Sasson personally this development closes a circle.

The StarkWare president recalled a Bitcoin conference held in 2013, where he had the eureka moment recognizing the cryptography he helped to invent could change blockchain.

But it was clear that the journey needed to start on Ethereum. Now, exactly ten years later, STARKs have proved themselves on Ethereum and are heading to Bitcoin reaching new horizons, said Ben-Sasson.

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Tested on Ethereum, StarkWares Zero-Knowledge Proofs Are Now Live on Bitcoin - Decrypt

Polygon, an Ethereum scaling platform, released its zero-knowledge Ethereum Virtual Machine (zkEVM) beta to the public Monday, the latest launch in what is expected to be one of 2023s hottest blockchain trends.

Polygon also said that it is making all aspects of its zkEVM open source, so developers are able to study and share the code, allowing them to contribute to more innovations in the zero-knowledge space.

We want to be extremely aligned to the Web3 ethos, Sandeep Nailwal, the co-founder of Polygon, said in an interview with CoinDesk. We want more experimentation.

As part of the ceremony of the announcement, according to the Polygon team, Vitalik Buterin, co-founder of the Ethereum blockchain, was granted the privilege of initiating the first transaction on the new zkEVM, livestreamed at ETHGlobal at 4:30 p.m. Central European Time (10:30 a.m. ET).

The transaction that Buterin sent on the zkEVM was successful, where he sent 0.005 ETH to a random address with the corny message, ostensibly referencing Neil Armstrong's famous first words upon walking on the moon: "A few million constraints for man, unconstrained scalability for mankind."

Over 50 companies shared that they would build using the Polygon zkEVM technology, according to Polygons press release.

Buterin himself has promoted the development of scaling systems for Ethereum since at least 2020, and noted in a blog post in August the various versions of zkEVMs come with trade-offs such as speed versus the degree of compatibility with the Ethereum Virtual Machine programming environment.

"In general, it's healthy for the space that all of these types are being explored," he wrote.

Although the Polygon zkEVM is live for users, Nailwal warned that it is still a new technology, which is why it is being called a beta mainnet.

It's a new technology, so we are going to put ample warnings for the users that please be cautious on this, don't bring your life savings into it immediately, Nailwal said.

Nailwal said he believes ZK technology is the future of Ethereum.

In 18 to 24 months, you will see almost all of the large web3 applications being built on the zero-knowledge-proven layer 2 chains, Nailwal said.

UPDATE (14:40 UTC): Adds details on transaction sent by Vitalik Buterin.

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Polygon zkEVM Mainnet Beta Goes Live; Ethereums Buterin Sends First Transaction - CoinDesk

Bitcoin and Ethereum have been the top two cryptocurrencies in the market for several years now. However, as the crypto industry continues to evolve, new altcoins are emerging that could offer better profit potential.

RenQ Finance (RENQ) is one such altcoin that experts believe could outperform both Bitcoin and Ethereum in 2023.

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Bitcoin and Ethereum are both decentralized, open-source blockchain networks that allow for peer-to-peer transactions without the need for intermediaries like banks. Bitcoin was the first cryptocurrency, launched in 2009 by an unknown person using the pseudonym Satoshi Nakamoto. Ethereum, on the other hand, was created by Vitalik Buterin in 2013 and launched in 2015.

While Bitcoin's primary use case is as a digital currency, Ethereum's blockchain is designed to support smart contracts and decentralized applications (DApps). Ethereum's native cryptocurrency, Ether (ETH), is used to pay for transaction fees and computational services on the network.

Bitcoin has a fixed supply of 21 million coins, while Ethereum does not have a fixed supply but uses a mechanism called "proof of stake" to ensure the network's security and stability.

Bitcoin and Ethereum have had an impressive run over the past few years, with Bitcoin hitting an all-time high of nearly $69,000 in 2021, and Ethereum reaching an all-time high of over $4,300 in May 2021 as well. However, both cryptocurrencies have faced significant price fluctuations in recent months, with Bitcoin now trading at around $27,684 and Ethereum trading at around $1,755 as of writing.

Many experts believe that both Bitcoin and Ethereum will continue to face price volatility in the coming years. Some predict that Bitcoin's price could reach $100,000 by the end of 2023, while others believe that it could fall as low as $10,000. Similarly, Ethereum's price forecasts for 2023 range from a high of $10,000 to a low of $500.

While Bitcoin and Ethereum have been the top performers in the cryptocurrency market, RenQ Finance (RENQ) is an altcoin that experts believe has better profit potential in the coming years. RenQ Finance is a decentralized finance (DeFi) platform that aims to provide institutional-grade liquidity to the DeFi market.

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One of the key features of RenQ Finance is its "smart contract" technology, which allows users to access liquidity from multiple sources, including centralized exchanges, decentralized exchanges, and lending platforms. This technology ensures that users always get the best price for their trades and allows them to move their assets seamlessly between different platforms.

Another significant advantage of RenQ Finance is its low transaction fees. Unlike Bitcoin and Ethereum, which have high transaction fees due to network congestion, RenQ Finance's fees are minimal, making it a more cost-effective option for users.

Experts predict that RenQ Finance could see significant price growth in the coming years, with some forecasting a price of $1 or more by the end of 2023. The platform's unique features and strong community support make it an attractive investment option for those looking to diversify their portfolio and capitalize on the growing DeFi market.

While Bitcoin and Ethereum have been the top performers in the crypto market for several years, new altcoins like RenQ Finance are emerging that offer better profit potential. RenQ Finance's innovative features, low transaction fees, and strong community support make it a promising investment option for those looking to capitalize on the growing DeFi market.

However, as with any investment, it's essential to do your own research and carefully consider the risks before investing in any cryptocurrency.

Click Here to Buy RenQ Finance (RENQ) Tokens.

Visit the links below for more information about RenQ Finance (RENQ):

Website: https://renq.ioWhitepaper: https://renq.io/whitepaper.pdf

Disclaimer: This article is a paid publication and does not have journalistic/ editorial involvement of Hindustan Times. Hindustan Times does not endorse/ subscribe to the contents of the article/advertisement and/or views expressed herein.

The reader is further advised that Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions.

Hindustan Times shall not in any manner, be responsible and/or liable in any manner whatsoever for all that is stated in the article and/or also with regard to the views, opinions, announcements, declarations, affirmations etc., stated/featured in same. The decision to read hereinafter is purely a matter of choice and shall be construed as an express undertaking/guarantee in favour of Hindustan Times of being absolved from any/ all potential legal action, or enforceable claims. The content may be for information and awareness purposes and does not constitute a financial advice.

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Bitcoin vs Ethereum Price Prediction, Experts believe RenQ will give profits - Hindustan Times

Ethereums Shanghai upgrade is upon us and for the first time, individuals who have staked their ETH as part of the networks security mechanism will be able to withdraw their holdings. Will this create huge sell pressure for the second-largest cryptocurrency? Hardly.

After the Shanghai upgrade (or hard fork), users who had locked a minimum of 32 ETH to secure an APY staking reward of 4-5% will be able to withdraw a portion of their stake immediately. But those wishing to withdraw their entire stake will need to wait one to 36 days, which dampens potential sell pressure. Furthermore, only 16% of ETH stakers are in profit, so why would they sell now?

In fact, for rational investors, selling ETH now would likely make little sense. And the investor profile for ETH holders leans towards rationality and a long-term outlook. Its arguably one of the worlds premier risk assets, and the only reasons investors are still on the sidelines may be because they dont understand it, they fear its ferocious volatility, or they find the regulatory uncertainty to be unnerving.

But the answer to the first objection also answers the second, and will go a long way toward answering the final objection. By the end, you may grok the thesis that Ether in the crypto vernacular isnt just sound money its ultrasound money.

Ethereum is a blockchain that sells block space to apps. The apps must pay for transactions using the blockchains native currency: ETH.

The demand side of the trade relies on simple network effects, the more apps, the more users, the more demand for ETH. And this is because the Ethereum network is the oldest and most established decentralized smart contract ecosystem out there.

Ethereum and Bitcoin networks were analyzed by researcher Ken Alabi in a 2017 paper. The analysis shows that the networks were fairly well modeled by Metcalfes Law, which identifies the value of a network as proportional to the square of the number of its nodes, or end users. This means that adoption can increase the value of any given network exponentially.

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On the supply side, ETH is issued as compensation to independent actors who run network nodes, and this currently amounts to 671,000 ETH per year. However, thanks to a novel burn mechanism that destroys a small amount of ETH per transaction (by sending it to a wallet from which it can never be withdrawn), the supply of ETH is actually shrinking despite token issuance.

Ultrasound.money is a dashboard that tracks the burn rate in real-time showing that the supply of ETH has been shrinking for months and thats in the middle of a raging bear market, imagine what would happen when demand picks up again. In fact, despite the bear market, transactions on Ethereum are still maintaining a solid uptrend thanks to innovations like NFTs and decentralized finance.

Volatility should be ironed out slowly as the effects of network adoption take place. The more people who join the Ethereum network, the more the value of ETH increases, which leads to more adoption. As the market cap increases it will take larger and larger market movements to rock the boat, reducing the large deviations in the price.

The best that crypto-bashing regulators can hope for is to slow down the pace of adoption. But theres not much incentive for most governments to support this approach because a) crypto, on the retail side, is driven by Millennials and Generation Z, so it will be a voter issue in the coming years, and b) it will only move innovation offshore.

Even as the U.S. is putting a squeeze on crypto, Dubai, Hong Kong and the U.K. are already preparing to scoop up exiled crypto companies. And even if regulators shoehorn ETH into the antiquated category of a security so what? Anyone could buy securities in minutes using an app on a phone.

The upcoming Shanghai upgrade will be followed by a more complex upgrade that will reduce fees on the Ethereum network, making it faster and even more user-friendly. The genie is well and truly out of the bottle, and investors may well find a magic carpet beckoning.

Disclaimer: Nothing herein shall be construed as investment advice or any offer or solicitation to offer or recommendation of any investment product.

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What impact will Ethereums Shanghai upgrade have on ETH and crypto markets? - Yahoo Finance