Aquí tendras varias curiosidades de las variadas cryptos que hay en l mercado enfocado también en el motivo o propósito de la creación de cada una de las crypto
In my short time in the trading market, I have realized that there may be a lack of information in the forums about cryptos, and I feel that it is essential to know where we are investing our money, whether it is directed towards a specific project or purpose, and to narrate a bit of history about its process. That is why I have decided to start this blog of #CuriosidadesyPropositosdelascryptos . Today, in thread mode, I will begin with the FIRST of them... The one that has given a lot to talk about and undoubtedly made a change in the world today, and above all, was the seed of this digital market that is about to come. It was also the one that named what we now know as #cryptomonedas . Its name is BITCOIN. And I will tell you a bit about how it originated and everything it has had to overcome... $BTC
$BTC It was created in 2008 by a person or group of people (It is not clear) under the pseudonym of SATOSHI NAKAMOTO The idea presented in a document titled "Bitcoin: A Peer-to-Peer Electronic Cash System" and described a decentralized digital money system based on a technology called #blockchain
On JANUARY 3, 2009, Nakamoto mined the block called GENESIS (Block 0) of BITCOIN with a reward of 50 BTC.
Interestingly, within that block, Nakamoto included a message quoting a headline from the newspaper "THE TIMES"
"The Times 03/JAN/2009 Chancellor on brink of second bailout for banks"
This message refers to the financial crisis of 2008 Which suggests that BITCOIN Was created as an alternative to the Traditional Banking System
2004 – Early beginnings (RipplePay) Ryan Fugger, a Canadian developer, creates a system called RipplePay as a decentralized alternative for money transfers. The original idea was to allow people to extend credit to each other directly, without banks.
2012 – Foundation of Ripple Labs Jed McCaleb (founder of Mt. Gox) and Chris Larsen take Fugger's concept and found OpenCoin, which would later become Ripple Labs. They develop the Ripple Protocol Consensus Algorithm (RPCA), an alternative consensus system to Bitcoin.
2013-2014 – Early adoption and partnerships Ripple begins to partner with banks and financial institutions to test its payment technology. Unlike Bitcoin, Ripple does not use mining: the 100 billion XRP were pre-mined.
2015 – Ripple Labs under pressure Ripple faces a $700,000 USD sanction from the U.S. FinCEN for violations of anti-money laundering laws.
2017-2018 – Market boom and rise of XRP In the midst of the cryptocurrency frenzy, XRP reaches a record price of $3.84 USD in January 2018. Ripple signs agreements with banks such as Santander, American Express, SBI Holdings, and Standard Chartered.
2020 – SEC lawsuit (major turning point) The U.S. Securities and Exchange Commission (SEC) sues Ripple Labs, alleging that XRP is an unregistered security. The price of XRP drops sharply and it is delisted from several trading platforms in the U.S.
2023 – Partial victory against the SEC A judge rules that XRP is not a security when sold through exchanges, although it is in institutional sales. Ripple celebrates it as a significant legal victory for the crypto ecosystem.
2024-2025 – Ripple consolidates Ripple continues to expand as a provider of global payment infrastructure. XRP is relisted on multiple platforms and maintains an active community.
1. It is not exactly a blockchain: Ripple uses a system called distributed ledger with its own consensus mechanism (RPCA), which does not require mining.
2. Ultra-fast speed: XRP transactions are confirmed in 3-5 seconds, much faster than $BTC or Ethereum.
3. Extremely low transaction cost: Each transaction costs a fraction of a cent (around $0.0002 USD).
4. Fee burning: Transaction fees are burned (destroyed), which slightly reduces the total supply over time.
5. Fixed maximum supply: There is a total of 100 billion XRP, and no more will be created.
6. RippleNet vs XRP: Ripple offers financial services (such as RippleNet) that do not necessarily require the use of XRP, although they may use it for on-demand liquidity (ODL).
7. Jed McCaleb, co-founder, left to found Stellar (XLM), another cryptocurrency focused on international payments.
Let's go with the third currency created after Bitcoin And one of the favorites of many holders But before anything else, let's cover the most important
⭐What is Ripple? Ripple is both a technology company and a digital payment protocol, and its native cryptocurrency is XRP. It was created with the goal of facilitating fast, cheap, and secure international payments between financial institutions.
Current Situation Although Litecoin is no longer in the top 5 cryptocurrencies by market capitalization, it remains one of the most veteran and reliable. It is accepted on many exchanges, wallets, and services, and continues to be active in development.
<I would greatly appreciate it if you visit my profile and leave your follow to let me know that you are interested in this project I am carrying out from the heart THANK YOU> 👻
🧙♂️ MimbleWimble: The name of the privacy technology comes directly from the spell to "tie the tongue" in Harry Potter. In the context of blockchain, it helps to hide transaction details.
⚡ Pioneer in Bitcoin technologies: Litecoin has been used as a testing ground for new technologies that are later implemented in Bitcoin, such as SegWit and Lightning Network.
🥈 "The silver of cryptos": Charlie Lee always wanted Litecoin to be the complement to Bitcoin, not its competitor. He used the parallel of gold and silver in traditional currencies.
🧮 Four times more coins than Bitcoin: Litecoin has a limit of 84 million coins, exactly four times more than Bitcoin.
💻 Easy to mine with GPU at first: Thanks to the use of the Scrypt algorithm, it was initially more accessible for the average person to mine Litecoin from their personal computer.
#CuriosidadesyPropositosdelascryptos 🚀 LTC Key moments $ 1. 2013-2017 – Boom and adoption: Litecoin begins to gain traction as an alternative to Bitcoin. It is accepted on some major exchanges and gains community.
2. 2017 – Activation of SegWit: Litecoin was one of the first cryptocurrencies to activate Segregated Witness (SegWit), a technical improvement that increases the network's capacity. This event served as a "test" for Bitcoin to adopt it later.
3. 2017 – Lightning Network transaction: Litecoin performs the first cross-chain Lightning transaction between Bitcoin and Litecoin, demonstrating its interoperability capability.
4. Charlie Lee sells his Litecoins (2017): In December 2017, creator Charlie Lee sold all his LTC, arguing that he wanted to avoid a conflict of interest. This generated controversy in the community.
5. 2020 – MimbleWimble and privacy: The development of a protocol extension called MimbleWimble (yes, inspired by Harry Potter) is announced to allow for more private and confidential transactions. It was finally launched in 2022 as an optional privacy feature
Today we touch on the second coin created historically
Subjectively, they call it "Digital Silver"
Lite Coin was created by Charlie Lee, a former Google engineer, on October 13, 2011. It was launched as a "fork" of Bitcoin's source code, with the aim of improving certain technical aspects and making it more suitable for everyday transactions.
Main objective: to be "the silver" digital, compared to Bitcoin as "the gold".
Lite Coin was designed to solve some problems that Bitcoin faced: Especially in Block Processing Time Bitcoin (BTC) vs Lite Coin (LTC) features Block time 10 minutes 2.5 minutes.
#ETH #datosycuriosidadesdelascryptos We will explore its beginnings, the reasons behind them, and its evolution until 2025 ~Ethereum~ It emerged as an idea in 2013 by the hand of: ~VITALIK BUTERIN~ Of Russian\Canadian nationality. His purpose was to expand the capabilities of technology. #blockchain Even further than financial transactions His vision was to build a platform Decentralized to allow the creation and execution of smart contracts and decentralized applications (#dApps ),
With those key concepts mentioned above. Now I will tell you how the protocol is developed #ETH
1. Creation of a Smart Contract:
A developer writes a contract in Solidity. The contract is deployed on the Ethereum network and obtains a unique address.
2. Execution of a Contract:
Users interact with the contract by sending transactions. Each interaction has a funding cost, which varies according to computational complexity.
3. Validation:
Validators review the transactions and execute the contract in the EVM. If it is valid, the block containing the transaction is added to the blockchain.
All of this has allowed the creation and development of applications focused on:
Decentralized Finance (DeFi): Loans, exchanges, and more without intermediaries.
Non-Fungible Tokens (NFT): Unique digital assets.
dApps: Games, social networks, and decentralized markets.
I will explain to you in a summarized and as comprehensible way as possible how the Ethereum Protocol works
Ethereum is based on several key concepts>
1. Blockchain: It is a public and decentralized ledger where all transactions are stored. 2. Smart Contracts: These are programs that execute automatically when certain conditions are met. They are written in languages like Solidity and deployed on the Ethereum blockchain. Once deployed, contracts are immutable. 3. Ethereum Virtual Machine (EVM): It is the execution environment for smart contracts. It ensures that the code runs uniformly across all nodes in the network. 4. Ether (ETH): It is the native cryptocurrency of Ethereum and is used to pay transaction fees. 5. Proof of Stake (PoS): Ethereum migrated from Proof of Work (PoW) to Proof of Stake (PoS) in the Ethereum 2.0 upgrade. Instead of miners, there are now validators who lock (stake) ETH as collateral to validate blocks. This makes the network more energy-efficient and faster. $ETH
Something curious that not many of us notice at first glance is about the shape of its logo as it is an Octahedron that employs A rhomboid shape serving as the base for the logo.
It is surrounded by four triangles: two larger identical triangles above it, and two smaller identical triangles below it. A white space separates the rhomboid from the two lower triangles.
The octahedron is the only member of the Platonic solids that has mirror planes and does not intersect any of the faces. Natural crystals of diamond, alum, and fluorite are generally octahedral.
Today we touch on the second currency with the highest volume currently in the market #ETH We will investigate from its beginnings, the reasons behind it, and its uses today...
~Ethereum~
It emerged as an idea in 2013 from the hand of:
~VITALIK BUTERIN~ Of Russian/Canadian nationality.
Its purpose was to expand the capabilities of technology. #blockchain
Even beyond financial transactions Its vision was to build a decentralized platform That would allow the creation and execution of smart contracts and decentralized applications (DApps), offering a programmable and flexible infrastructure.
Ethereum was officially launched in 2015, marking a milestone in the world of cryptocurrencies and blockchain technology
It was January 8th, the day Satoshi announced the release of the first client version of the BITCOIN v0.1 RELEASE platform.
This stage marked the beginning of Bitcoin mining as it allowed EARL ADOPTERS to participate in the mining and operation of the protocol.
At that time, the software was only compatible with the Windows operating system. It wasn't until December 17, 2009, with version 0.2.0, that Linux compatibility was established.
The first transaction took place on January 12th, 2009, between Satoshi Nakamoto and cryptographer Hal Finney. Executed during block 170, it involved a sum of 10 BTC.
It wasn't until early October 2009 that BITCOIN received its first official value estimate. This was determined based on its production cost. At that time, one BTC was worth approximately $0.001.
On October 11, 2009, the "New Liberty Standard" (one of the first cryptocurrency exchanges) arbitrated the first exchange of $1,317,533,8750 for dollars.
A BitcoinTalk forum user had purchased 5,050 bitcoins for $5.02 via PayPal, or $0.00099 per unit.
At that time, no one could have imagined how much they would cost today...