Автор: Yozshuzil
Crypto chasers
But one of the more exciting crypto application niches is betting. It is no secret that people love betting, given that it is a billion-dollar global industry. But what happens when betting is given an innovative crypto touch? The answer is Zikbo , a crypto betting and sports gaming platform. The company has made waves for its unique algorithm which allows users to play fixed bets, bet against each other, bet on events, and many more. We speak with Richard Brooks, COO of Zikbo about betting, the crypto industry, and what is next now that the company has made the leap into the betting sector.
Play Now! What inspired the creation of Zikbo? They are difficult to understand for both a professional and a beginner. The Zikbo team has developed a platform in which a minimum of events and a fixed coefficient will be docked. Any participant in the bet will be able not only to earn, but also to quench their thirst for excitement. What would you say makes crypto betting so appealing? It happens that a player is sure of success and wants to go all-in, but cannot.
And the Zikbo platform provides the player with such an opportunity. There are two main types of storage. Most people will have both a hot and a cold wallet. Hot wallets are much easier to use for purchases, buying and selling cryptocurrency, etc. However, they are also much easier to hack. Miners will verify the legitimacy of each transaction by comparing it to all other transactions. So if you try to spend the same cryptocurrency twice, the miners will notice and reject your duplicate purchase.
With Bitcoin, each block in the blockchain comprises 1 MB of verified transactions. After the miners complete a block, they have to be the first to answer a complex mathematical problem in order to be rewarded with the prize for completing the block. This prize started out as 50 bitcoins per block but has been repeatedly halved until it reached 6. However, the value of each bitcoin in U.
As the number of miners has increased over the years, the complexity of the mathematical problems you need to solve after completing a block have also become more and more complex. Back in , you might have been able to mine bitcoins using your average home PC. Nowadays, it requires a powerful custom-built machine that can cost you thousands of dollars up front, with no guarantee that your mining efforts will prove profitable.
Is Cryptocurrency a Good Investment? Cryptocurrency has the potential for huge growth. Bitcoin, for example, started out with each coin worth a fraction of a penny. If you had a crystal ball a decade ago you could be raking in huge profits now. The trouble is, nobody has a crystal ball. Bitcoin could continue gaining value for many years to come, or it could be a fad that fizzles next year. Other cryptocurrencies are similarly volatile. As discussed above, blockchains are almost impossible to hack.
However, hot wallets, where people store the keys they need to make cryptocurrency purchases, can be hacked. Few financial regulations do. If you do decide to invest in cryptocurrencies, treat it like any other extremely high-risk investment and only devote a tiny slice of your portfolio to it.
Learn More Are you still intrigued by the concept of cryptocurrency? Are you considering making space for it in your investment portfolio?
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