What is SOLO? Sologenic Tokenize SOLO coins

What is SOLO?

Sologenic deploys SOLO coins for market-making and liquidity providing. SOLO coins are issued on the XRP Ledger allowing liquidity to be moved almost instantly. The ecosystem aims to eliminate entry barriers for individual and institutional crypto investors, allowing them to trade non-blockchain asset classes, such as stock, ETFs, and commodities, with one single cryptocurrency – SOLO. To put it simply, the coins will enable people all around the world to buy and sell stock in their favorite companies with SOLO, without the need for traditional brokerages.

There are two types of tokens available within the Sologenic ecosystem:

  • SOLO: A utility token which is available to trade on the global crypto exchanges.
  • Tokenized Assets: Securities Stablecoins backed by Stocks, ETFs or Commodities which are only available to trade on Sologenic Trading Platform due to required securities brokerage licenses.

Burn Commitment

100% of the transaction fees generated through transfers and decentralized trading will be burned instantly by being sent to the gateway’s issuing address (Black hole). The system practices this deflationary mechanism to bring down the total supply of SOLO coins, which in turn makes remaining SOLO coins more valuable. This practice makes an equilibrium that, in the long term, makes it impossible for the SOLO coins to deplete due to higher valuation of coins and lower supply.

Tokenize Assets On-Demand

Sologenic is a sophisticated ecosystem built on top of the XRP ledger network utilizing the on-demand tokenization of a wide range of assets from traditional financial markets. This ecosystem facilitates investing and trading between crypto and non-blockchain assets such as stocks, ETFs, and commodities from the top 30+ global stock exchanges.

Single Account, Limitless Opportunities

Gain access to both traditional financial markets and crypto markets by completing the KYC & AML onboarding procedure on CoinField. Convert your existing account and connect your CoinField wallets to start trading on the Sologenic platform in one simple click.

Tokenize a Wide Range of Assets On-Demand

Monitor over 30 global stock exchanges all in one platform and get a live price quote, tokenize your preferred assets on-demand, and trade during the market hours.

SOLO Decentralized Wallet

Your Keys, Your Tokenized Assets

Store your tokenized assets, SOLO and XRP all in one decentralized wallet app. The Decentralized SOLO Wallet allows users to add, activate, and manage multiple wallets, hold, and transfer digital assets from a single wallet address, receive live market price updates, track recent transactions, and much more.

What is Blockchain..? How Does It Work..?

A blockchain is a database. It stores data. Specifically, it’s a database designed for storing cryptocurrency transactions. A blockchain, originally block chain, is a growing list of records, called blocks, that are linked using cryptography. Each block contains a cryptographic hash of the previous block, a timestamp, and transaction data. By design, a blockchain is resistant to modification of the data.

How can we verify that all transactions within a blockchain

By using a system of volunteers. Each of those volunteers uses computers running automated software, which will examine incoming transactions ready to be stored in the blockchain. If they detect fake or invalid transactions, they will discard them.

These volunteers are called miners, and the valuable work that they provide for maintaining the system and discarding invalid transactions is rewarded through monetary creation and transaction fees paid by whoever created the transactions to be included in the blockchain.

Miners store transactions in blocks. Each block is a list of transactions that have been thoroughly verified and includes a cryptographic hash, a unique digital footprint that represents the information contained within the block and guarantees that it has not been tampered with. The rules of a blockchain make it extremely time-consuming to create a valid hash, while it is trivial to verify its validity.

So why is it called a blockchain..?

Each block also contains the hash of the previous block, which means that they are all linked together, forming a chain of blocks. Hence the name blockchain.

In order to modify one single transaction within a given block, one would have to regenerate the hash of the block, as well as all the hashes of the following blocks, which is extremely expensive and time-consuming. This is why the blockchain is often considered immutable: whatever has been written in a blockchain will never be deleted or modified.

What Is Ethereum? Complete Explanation

There are plenty of cryptocurrencies out there, and it can be hard to keep track of all of them. We’re here to help. What is Ethereum? Well, Vitalik Buterin, a Canadian programmer born in Russia, invented Ethereum in 2015. It’s a cryptocurrency much like Bitcoin that allows you to make payments online. It’s decentralized, offers low transaction fees, and runs on a publicly disclosed blockchain that records each transaction.

Ethereum’s currency is called Ether. I’s currently the second largest in the world in market cap, behind Bitcoin. There are reportedly around two million wallets that hold it, up from 1.6 million in May — showing the growing popularity of Ether.

How is it different from Bitcoin? Bitcoin aims to become a globally adopted currency that could improve or even replace conventional money. Ethereum, on the other hand, is more than a cryptocurrency. It’s also a ledger technology used to build decentralized applications (dapps) with smart contracts.

What is ethereum – What are smart contracts….?

Smart contracts are programs that automatically execute exactly as they are set up by their creators. Their purpose is to offer more security by removing the middlemen that we would otherwise have to use. Confused? Let’s take a look at a simple example.

Let’s say you want to ship a large gift to your friend and hire a trucker to do the job. For the trucker to know you’ll pay them, and for you to be sure the delivery will be made, you both sign an agreement for shared peace of mind. This takes time and can be expensive, as you need someone who will draw up the paperwork for you, and so on.

This process can be simplified with a smart contract. You make the payment the day the package is picked up, and the smart contract automatically transfers the money to the trucker as soon as your friend confirms the delivery has been made.

How is Ether created and where can I get it….?

So now we know what Ethereum is, how is it made? Like Bitcoins, Ethers are created through a process called mining. This requires expensive and specialized computers that have to perform complicated calculations. Mining is mainly done by large companies that are compensated for their work with newly minted Ethers.

Unfortunately, you won’t make any money by mining with your personal PC, even if it’s a high-end model. So how can you get your hands on Ethers? You can earn them by providing goods and services to people who can pay you with the digital currency. The second option is to buy them from a marketplace like Coinbase with your credit card.

The Ethers you own are stored in a wallet secured with a private key. You can keep it in the cloud or offline, with the latter being a much safer option. The important thing is that you don’t lose the private key. If that happens, you won’t be able to access your money.

How much does it cost and what determines the price….?

How much do Ethers really cost? Ethers were cheap when introduced back in 2015 — you could get one for less than a dollar. Their price has risen over the years and currently stands at around $430 each (exact value can be found in the widget below). The sharp increase means Ethers can be a great investment, same as Bitcoins and many other cryptocurrencies. For example, if you bought $1,000 worth of Ethers in 2015 when they were worth $0.50 a piece, you would have $860,000 today.

Before you get too excited, sell your house, and buy as many Ethers as you can get, let me remind you that investing in cryptocurrencies can be risky. Sure, a lot of them have increased in value in recent years, but that doesn’t mean this trend will continue. Cryptocurrencies are volatile, meaning their price can go up and down significantly in a single day. This makes them less stable than standard currencies like the dollar and euro.

How exactly do we determine their value? Like Bitcoins, gold, oranges, and every other item available on the market, supply and demand determine the price of Ethers.

Ethereum can be hard to understand at times. The same goes for Bitcoins and the rest of the cryptocurrencies available. But the fact is that they’re here to stay and might become a more important part of our daily lives in the future.

Many experts believe Ethereum has a lot of potential and could overtake Bitcoin as the largest cryptocurrency somewhere down the line. This is all speculation, though well within the realm of possibility. But as with stocks, gold, and other investments, no one can be 100 percent sure in which direction the price will move.

Bitcoin – Everything You Need To Know

Bitcoins are the currency of the internet. They’ve been around since 2009. Although they hold value and you can spend them on all sorts of things, they are different than the paper money and coins you have in your wallet in a lot of ways. But what are Bitcoins?

How are Bitcoins created? how is their value determined? What’s good about them? What’s bad about them? They’re pretty puzzling to a lot of people. If you’re one of those people who have been asking, “What are Bitcoins?” keep reading. We’ve got the answers to all these questions and more.

What are Bitcoins and how do they work…..?

So, what is Bitcoin anyway? Bitcoins are a form of electronic currency that can be used to make purchases online. They’re accepted by companies big and small, from Microsoft to Newegg. Because of  the currency’s high value, you can divide one to a maximum of eight decimals, allowing you to send someone just 0.00000001 Bitcoin.

What makes Bitcoins different is that a decentralized network of computers keeps track of them, instead of a single person, company, or government. They can be sent to someone via a computer or a mobile device, with each transaction being recorded in what is called a blockchain.

The Bitcoins you own are stored in a “digital wallet” that can either be saved on your computer or in the cloud. Both options have their share of pros and cons (more on that later).

How are Bitcoins created and where can I buy them…..?

Now that we have answered the question, “What are Bitcoins?”, how are they made? Bitcoins can be created by anyone with the right hardware through a process called mining. People compete against each other by solving complex math puzzles with their computers, which results in new Bitcoins being created and the winner getting rewarded with a few of them.

Before you get too excited and decide to quit your job to go into the field of Bitcoin mining, I have to give you some bad news. Mining requires specialist hardware that works around the clock and can be quite expensive. So even if you own a PC with a fast GPU, mining likely won’t be worth your time.

Mining will no longer be possible after a total of 21 million Bitcoins are created.

Mining is also self-limiting and will no longer be possible after a total of 21 million Bitcoins are created, which is expected to happen around the year 2140.

So, if you don’t have the hardware required to create Bitcoins, where can you get your hands on them? Well, the easiest way is to create an account on a Bitcoin exchange like Coinbase, where you can buy as well as sell them with your local currency.

How much does a Bitcoin cost and what determines the price….?

Now that we have answered the question “What is Bitcoin?” and where it comes from, how much is one of them really worth? Bitcoins are expensive. Since the currency’s inception, its value has increased dramatically. At first, you could get one for just a few cents. These days? Well… you can follow along with the live price right here:

Because of their high value, Bitcoins aren’t only used for online purchases, but can also serve as a great investment. They are popular among those living in countries like Venezuela, for example, who buy them to avoid losing their savings due to high inflation. However, as with any investment, the value of Bitcoins can decrease over time, which is something you should always keep in mind.

But how is the value of a Bitcoin determined? The price is always going up or down and is the result of supply and demand, just like stocks and gold, among other things.

Litecoin – Open source P2P digital currency

Litecoin was launched as a fork of Bitcoin source code by Charlie Lee in 2011, using different transaction processing settings (block generation speed) and a different cryptography algorithm (scrypt vs. SHA-256). Similarly to Bitcoin, its supply is limited by design.

Litecoin’s trading ticker is LTC.

Why CFDs make sense for Trading Litecoin:

  • Security – You don’t have to worry about your Litecoins being stolen. CFDs are a derivative product. Your potential profits are based on the movement of the Litecoin price but no Litecoins are bought or sold in your name.
  • Simplicity – Buying digital currencies directly can be complicated. With AvaTrade CFD trading it’s as easy as selecting Litecoin from a menu and clicking to sell or buy. It’s so simple you can do it on your mobile or tablet too.
  • Get leverage of up to 10:1 – As a financial derivative you can trade CFDs on leverage, meaning you can open a larger position in the market.
  • Diversify – As one of the world’s leading CFD brokers AvaTrade offers a wide range of CFD products for you to trade, all from a single platform.

Litecoin – Silver to Bitcoin’s Gold

Litecoin is a peer-to-peer, decentralised digital currency (also known as a cryptocurrency) based on the Bitcoin system. The creators of Litecoin sought to adapt the Bitcoin model to develop a more stable and efficient currency.

There are several key differences between Bitcoin and Litecoin, including the way coins are “mined”, security procedures, and the total number of coins destined to be produced.
In 2013 Litecoin’s value rocketed from less than $0.01 to more than $20. Could Litecoin follow Bitcoin’s lead and keep on rising in value?

How does Dash Cryptocurrency work..?

Dash is a cryptocurrency network built as a decentralized autonomous organization. Originally launched in 2014 as XCoin by Evan Duffield, it became known as Dash in 2015. It uses Bitcoin-like code at its core but adds other features. The most important of them is PrivateSend, which enables anonymous transactions. Like Bitcoin, Dash is designed to have limited supply (deflationary model).

Unlike most cryptocurrencies, the trading symbol for Dash uses four letters: DASH.

What is Dash

Dash is considered the next generation digital currency. Traded and transferred by an open source platform, from peer to peer, it reduces the need for people being totally dependent on banks to transfer funds. Transfers are controlled and authenticated by a distributed network. It has the same features as Bitcoin with a few additional features such as instant transactions, enhanced private transactions, and a decentralized governance system.

Dash is currently the 7th biggest digital currency on the market, and has been accepted on the App store. This proves that the demand and ranking of the currency is growing. A major factor impacting the price rise is the supply and demand of the coins available for use.
With Bitcoin priced at a very expensive rate, people are looking at Dash as an alternative option with potential growth rate.

Why do People Choose Dash?

1. Dash keeps a person’s transactions and balances very private with its enhanced security measures.
2. Dash has an innovative technology which gives users the ability to send money instantly and irreversible within four seconds
3. Its global, anyone can send money anywhere for the same fees and with the same speed, there are no variation
4. Its inexpensive to use, most transactions cost only a few cents which is much cheaper than other services
Dash is the first digital currency to have a 2-level network. The first level is made of miners who write transactions to the blockchain, and the second level are masternodes. These are servers that allow the privacy features and instant transactions. In the future, they will most likely be able to offer features unique to Dash which can keep them in a unique category of their own by providing things other digital currencies cannot.

Effects of the Dash Price

The Dash coin price has been rising in early 2017 lately and part of the reason is the plan to upgrade the user experience. More investments with the programme could potentially drive the price higher. Dash is not accepted by many retailers yet, but a good number of independent businesses do accept it.

About Dash

  • The middle man in the Dash network is the masternodes. A masternode is a miner that purchased 1000+ or more Dash.
  • The Dash blockchain is public like all other blockchains in digital currencies. A person can send small denominations to various masternodes and they will respond and send you different coins. This way the trace is lost.
  • The main feature which is attracting people to Dash is known as the “Darksend System”: This makes transactions untraceable. No account is required, no registration and no identity checking. For anonymity purposes, this is better than Bitcoin and makes Dash the most privacy-conscious cryptocurrency available.

Moving forward, Dash developers hope to announce new features and increasing circulation. Dash’s unique capabilities seem to pushing it towards a leading position in the market, which could make for a profound trading option.

Ripple – The Ultimate Beginner’s Guide

Ripple is quite different from conventional cryptocurrencies. It is a payment protocol built on top of a distributed ledger. Ripple was launched in 2012 by the Ripple company. Even though the protocol is open-source, ripples (the currency used in the Ripple network) have all been premined by the developer company and cannot be mined by the network participants. However, it is not very important if you only plan trading ripples speculatively.

The common symbol for ripple units on exchanges and brokers is XRP.

What is Ripple

Ripple Cryptocurrency is an open payment system in beta. Its goal is to allow people to break free from the financial institutions like the banks, credit card and other networks that enforce fees and delays. As per market size and capital, Ripple is the third-largest cryptocurrency, sitting just behind Bitcoin and Ethereum.
Ripple now has billions of dollars’ worth of cryptocurrency on account. It was built as a digital payments network for real-time financial transactions, and is also the core owner of Ripple XRP, the digital coin which increased 40 times in 2017 alone.
To avoid confusion, the network is referred to as Ripple, and the ripple coin as XPR – Ripples. The frequency of releasing new coins into the system influences the price and rate. In total, there are 100 billion XRP that exist, and Ripple owns approximately 60 percent of the XRP. If you take all this valuation into account, it would be worth more than several US tech startups put together. XRP is majority owned and tied to a single company.
Ripple is constantly investing in its network and growing partnerships with global firms and financial institutions. Some of the banks that have signed on to use Ripple include BBVA, SEB, Start One Credit Union, and Cambridge Global Payments. As the market and network continue to grow, Ripple’s value has potential to further increase.

Ripple Model

Based on the Ripple website, their concept is a “basic infrastructure technology”.

The idea of Ripple was developed in 2004 by Ryan Fugger from Vancouver, Canada. During the following ten years, the digital was being developed until finally in 2014 various large banks started using Ripple and the payment networks. The Ripple system, for them, has advantages like the distributed legers, price and security. They offer this alternative to “remittance “or a “settlement system” option.

The company behind Ripple is “OpenCoin”. There are two separate entities that make up the Ripple; There is the payment network and the actual currency on the payment network. Building on the decentralised digital system, Ripple’s main idea is to work with different payment systems worldwide.

Ripple allows businesses to perform transactions within 3-5 seconds. The payments are processed and received automatically, and are irreversible. Various financial institutions worldwide have established partnerships and started using the Ripple system.

In many ways, Bitcoin and Ripple are similar. Like Bitcoin, the Ripple coin has a limited number of units that can be mined. Both can be transferred from peer to peer, and both have digital security keys to prevent face transactions of coins. Payment information on the ledger is private, however transaction information is public.
Ripple insists that they provide faster transaction times than Bitcoin, because confirmations of transactions can go through their network very quickly. There is no waiting on block confirmation, and transactions go through the network very fast.

The Differences Between Bitcoin and Ripple

Similarities:

  • Both are open source – not owned by any one company or any individual
  • Transactions for both can be anonymous and free on the internet

Differences:

  • Ripple is faster in processing transactions and more energy efficient than Bitcoin
  • Ripple is a decentralised transaction network which has a digital currency, Bitcoin is a decentralised digital currency
  • There is a set number of Bitcoins which is still slowly increasing
  • There is a defined number of XPR (Ripples) of 100 billion

Main difference: 
Bitcoin wants to change what we are paying with; Ripple wants to change how we are paying.

Ethereum is More Than Just a Cryptocurrency

Ethereum blockchain was launched by Vitalik Buterin in 2015. Its design is quite similar to that of Bitcoin. One of the biggest differences is that the cryptocurrency (which is actually called Ether, whereas Ethereum is the name of the whole platform) is inflationary in nature compared to the deflationary essence of Bitcoin. Another important aspect of Ethereum is that it provides smart contract functionality via its Ethereum Virtual Machine. Proponents of Ethereum consider it a great advantage and a step ahead compared to Bitcoin.

The Ether currency does not have its own ISO code, but a common trading symbol for it is ETH.

Ethereum is proving to be one of the most favorable technology investments of all time. It was created in 2015 and since then has grown by over 1000%. To better understand what it is, Ethereum is an open source network, much more than just a digital currency. Therefore, when you purchase Ethereum you are investing in the network, and placing money into a unique transformational platform, with many of its greatest applications still to come.

The digital coin of Ethereum, known as “ether”, could be speeding up the decentralisation of the world economy, and has the potential to influence many other industries. Ethereum is backed by a variety of Fortune 500 companies, who met in 2016 to discuss and join forces on developing Ethereum’s network technology. The Ether trading coin can be volatile, which can serve as an asset for traders.

Ethereum Classic is the original version of the Ethereum blockchain from which the newer version was created. The newer version adopted the name Ethereum. The blockchains are not compatible, and updates on one will not affect the other. These changes led the way for the creation of the new crypto coin with a different name, leger, price and market cap.

What is Ethereum (ETH)

Ethereum was created and introduced to the world in 2013 by Vitalik Buterin, and went live in July 2015. Developers were looking for a way to differentiate from the Bitcoin currency, and make it to be exclusive with properties stand out in a market of its own.

They developed a new approach with a new platform and a more common script language. Their software allows customers to run any programme, which makes the Ethereum blockchain process and applications much more efficient than before. With Ethereum, developers can build a new type of software called “decentralised application”. This codes technology is not controlled by any individual or central system.

Advantages of Ethereum Technology

  • The app can never be turned off
  • Applications are protected against fraud and hackers due to the secured cryptography
  • It cannot be censored, since the apps are based on the principle of a group decision making process
  • A third party cannot make changes to any of the data
  • Ethereum has more applications than Bitcoin

Mist browser is the interface and digital wallet for Ethereum users. With it people can store, trade, and manage their contracts. Mist and MetaMask (another browser) help making blockchain-based applications easily accessible.

Ethereum is moving forward with its user-friendly platform, which enables people to make use of the blockchain technology.
Trade Ethereum CFD’s (Contracts for Difference) with AvaTrade and benefit from the thorough market analysis we offer on Sharp Trader, our educational site, where you can find daily news, updates and many other helpful tools.

Ethereum Price and Market Factors

It has been noted that Ethereum can be far more than a digital asset. Its value is in the powerful blockchain programming language called Solidity. Its goal is to be something totally different from all other coins. With its increased application, there is a rise in demand by developers for “Ether”.

The price of Ethereum has soared recently and has been reaching all-time highs. Bitcoin has also been surging, and when that happens it does boost investors desire for other cryptocurrencies where gains can be acquired. Since Ethereum and Bitcoin are not competing, both can benefit when one rises.

Random events can happen to affect the ether price rise or fall, such as the flash crash of Ethereum’s value overall, which took place in June 2017. The Ethereum news and crash happened within a very short span of time, literally seconds after a major sell off prompted other traders to liquidate their digital currency. However, in that situation within seconds computer algorithms were buying again and the price was recovering.

As you can see the volatility of the digital currencies alters prices within second. The general public and investors all had the same questions when this happened as to how the rebound can take place and its timeline. Any strong value increase can eventually lead to a price correction. As with the cryptocurrency market or any market in general, the momentum can slow down at some point.

Thirty big banks, tech giants, and other organizations including J.P. Morgan Chase, Microsoft, and Intel are uniting to build business ready versions of the software behind Ethereum. Its ability to record and execute transactions without the need of a middleman is making this blockchain technology more popular amongst businesses.