BitWasFree & Secure world with Cryptocurrencies
Cryptocurrencies are used primarily outside existing banking and governmental institutions and are exchanged over the Internet.
Cryptocurrencies have the potential to reshape the financial world as we know it, and to question the very existence of traditional financial infrastructure. But what are the pros of cryptocurrencies? How do you decide which one to invest in?
- Higher Accessibility and liquidity
- User anonymity and transparency
- Independence from a central authority
- High return potential which makes it attractive for investors. And that is the case we want to focus on! We will help you to invest as a pro investor!
Here at the CoinLorex, we give you all the information you need to invest like a professional! We publish useful news about cryptocurrencies world and show you the details you need to manage your investment.
Projects
There are too many ways to earn profit in cryptocurrencies world. We are here to help you use them. Here are some of the famous ways.
Mining
mining has a magnetic appeal for many investors who are interested in cryptocurrency because of the fact that miners receive rewards for their work with crypto tokens. Learn More
DApp
A decentralised application is an application that can operate autonomously, typically through the use of smart contracts, that runs on a decentralized blockchain. Learn More
Staking
staking is a way of earning rewards for holding certain cryptocurrencies. The reason your crypto earns rewards while staked is because the blockchain puts it to work. Learn More
Trading
Trading is the buying and selling of cryptocurrencies in order to make a profit. The prices of coins and tokens, goes up and down every day. We help you make profit of the changes. Learn More
NFTs
A non-fungible token is a financial security consisting of digital data stored in a blockchain, a form of distributed ledger. Learn More
DeFi
Decentralized finance (DeFi) is an emerging financial technology based on secure distributed ledgers similar to those used by cryptocurrencies. Learn More
Top Smart Chains
Ethereum Smart Chain
Ethereum, which allows financial transactions as well as experiments with code and the development of decentralised applications, has remained the most popular smart chain.
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Binance Smart Chain
BSC is compatible with blockchain apps developed for the Ethereum network. It is, however, much cheaper and faster to run the same apps on BSC than on Ethereum.
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Avalanche Smart Chain
Avalanche can process an incredible 4,500 transactions per second, while Ethereum can only process between 15 and 30 per second. This feature makes Avalanche as the superior platform in terms of scalability and transaction periods.
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Frequently Asked Questions
What is blockchain and how it works?
Blockchain overview. Blockchain defined: Blockchain is a shared, immutable ledger that facilitates the process of recording transactions and tracking assets in a business network. An asset can be tangible (a house, car, cash, land) or intangible (intellectual property, patents, copyrights, branding).
What is blockchain used for?
A blockchain is a decentralized, distributed, and oftentimes public, digital ledger consisting of records called blocks that are used to record transactions across many computers so that any involved block cannot be altered retroactively, without the alteration of all subsequent blocks.
How is blockchain different from Bitcoin?
Bitcoin is a cryptocurrency, while blockchain is a distributed database. Bitcoin is powered by blockchain technology, but blockchain has found many uses beyond Bitcoin. Bitcoin promotes anonymity, while blockchain is about transparency.
Who owns the blockchain?
Nobody does! Each user who uses the blockchain is a part of the community. Everybody can store the blockchain's data and contribute securing the network, but no one can claims the ownership. That's why we call it decentralized network!
What is the best blockchain?
Ethereum! Ethereum is the best secure block chain based secure crypto currency platform. Ethereum is a ledger technology that companies are using to build new programs. Both Bitcoin and Ethereum operate on what is called “blockchain” technology, however Ethereum's is far more robust.
What is a blockchain application?
Blockchain applications are comparable to conventional software applications, except they implement a decentralized architecture and cryptoeconomic systems to increase security, foster trust, tokenize assets, and design new network incentives. Here are over 90 Ethereum apps that are currently being used across the Ethereum blockchain ecosystem, from prediction markets to smart legal agreements.
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