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catalogfi · 2 years

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These are the most sustainable cryptocurrencies

Cryptocurrencies are often criticized for being bad for the environment. This is mainly due to the mining process, which requires a lot of computing power. Bitcoin is one of the cryptocurrencies that has the most impact on the environment . It is difficult to mine new coins now and it takes kilowatt hours of power to find a few new coins. Yet it is not the case that crypto coins are not sustainable at all. We have listed a few sustainable projects.

Catalog is the gateway to universal access to assets across all of DeFi. With Catalog, users can simply trade assets across the DeFi metaverse, as if the blockchain boundaries don't exist.

Sustainable crypto coins With rising energy prices and a climate in poor condition, sustainability is becoming increasingly important. The climate damage from Bitcoin mining is increasing. More people want to do something about global warming. Then it has to happen on all kinds of levels. It's not just shorter showers and lowering the heating that helps. We also need to look at processes such as mining cryptocurrencies that leave a carbon footprint. Which projects are sustainable?

IMPT The most sustainable project in the crypto field is IMPT. This is a cryptocurrency built on a blockchain ecosystem . It's not about mining the coins, but buying, selling and trading them. The name of the currency, 'carbon credits', even suggests that this is a sustainable project. It is even possible to pay with these credits at some stores. Apple, Microsoft and other major brands, among others, work with it. Part of the proceeds will be donated to charities with sustainable impact. It will be a matter of time before the casinos also make it possible to pay with this payment method. So there is a possibility that winning money in the online casino in the form of carbon credits belongs to the future.

Ethereum Another sustainable project is Ethereum . This is also a popular alternative to Bitcoin. The fact that Ethereum scores so well in the field of sustainability is mainly due to the transition it has gone through. Where the coin first revolved around mining crypto coins using computer calculations ( Proof of Work ), the network switched to Proof of Stake. With Proof of Work, owners of computers that managed to mine an Ethereum block receive a compensation. With Proof of Stake, everyone who offers their coins 'on loan' receives a fee. So a lot greener. As a result, the coin was able to save up to 99.95 percent more energy. This makes Ethereum the most obvious alternative to Bitcoin. Polygon Polygon has also thought about sustainability. Like Ethereum, this network works on the basis of the Proof of Stake protocol. The advantage of this is that it uses much less energy than other coins that still work on Proof of Work. But the team behind this coin goes even further in terms of sustainability. For example, the team behind the coin has written a manifesto on sustainability. The so-called 'Green Manifesto' contains guidelines on how the currency should develop in a green, sustainable way. The intention is that Polygon leads to a positive impact on the environment.

Honest about emissions It is striking that more and more alternatives to Bitcoin are opting for openness. For example, it is more often clear on the website how much emissions the network actually produces. This mainly concerns statistics about, for example, the amount of CO2 emitted because the network is on, but the servers that make the network possible also consume electricity. Such figures are then verified. A good example is Polygon. At Polygon, these statistics are displayed on the website and verified by KlimaDAO. In this way, the network wants to be open and honest about the ecological footprint. Investors can see whether the coin is sustainable enough to use. More sustainable alternatives Bitcoin is one of the least sustainable cryptocurrencies out there. This is actually the case for all coins obtained using the Proof of Work model. For this reason, more and more crypto coins are switching to a different kind of network: Proof of Stake. Then hardly any computing power is needed. It is no longer about mining the coins, but about trading them. In this way, the coins that have been mined in the past are reused. This makes Ethereum certainly not the only crypto that has switched to a different model. Other crypto projects are also switching and are thus able to reduce their energy consumption.

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catalogfi · 2 years

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What are the best staking projects?

If you want to stake, you will have to use a layer 1 blockchain project that uses the Proof of Stake consensus mechanism.

Ethereum Ethereum is the largest layer 1 blockchain that will use Proof of Stake. Therefore, it is without a doubt a blockchain project that we cannot miss in this list. You can decide to set up a validator node yourself, although it is also possible to outsource your stake to another node.

It is not yet clear how much money you can make by staking ETH. It is clear that you will not be able to access your ETH again until the migration to Ethereum 2.0 is fully completed, which can take another 1 to 2 years.

Catalog is the gateway to universal access to assets across all of DeFi. With Catalog, users can simply trade assets across the DeFi metaverse, as if the blockchain boundaries don't exist.

Solana Solana is a competitor to Ethereum, and is used by many crypto owners to stake. Anyone can stake SOL coins on the Solana platform. The amount of interest you can receive depends on when you decide to suspend. You will not be able to access your tokens again until the end of an epoch. This can take a few minutes to a few days.

Cardano Cardano is also very popular to strike. Cardano is a blockchain that, like Ethereum and Solana, offers the possibility for the development of dApps through smart contracts. However, this project is still in development, and it is not yet clear when it will be completed. You can set up a validator node yourself, although it is of course easier to outsource this to another node.

Lending Chances are you've lent money to someone at some point. If this is a friend, you may not receive interest in return. But that could of course be a way to make money. This is also possible with crypto.

What is lending and how does it work? There are special lending platforms that act as intermediaries between lenders and borrowers. The general idea is that lenders can use these platforms to generate interest from their unused cryptocurrencies, and borrowers can, as the name suggests, take out a loan.

Whether a user owns Bitcoin, Ethereum, Ripple or any other cryptocurrency, they can now earn interest on these coins by lending them to other users. The best lending platforms offer a significant potential return on investment.

With the rise of decentralized finance (DeFi), it is possible to lend cryptocurrency to another person, even if you don't know them at all.

What can you earn with lending? Here too, the interest you can earn depends on the platform you decide to use. There is also a big difference between the type of cryptocurrency you decide to lend to others. Namely, with a cryptocurrency that is 'rarer', it will receive a higher interest rate when it is lent out.

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catalogfi · 2 years

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What should you absolutely not do if you want to trade in crypto?

Trading crypto currencies has become more and more popular over the years. However, there are a few mistakes new investors make when getting started with crypto. There is of course money to be made from this form of trading, but there is also quite a lot of money to lose. To prevent you from losing too much money, there are a number of things you have to be careful with when you start trading crypto currencies. In this article we explain which mistakes you should not make if you are planning to trade in crypto.

Catalog is the gateway to universal access to assets across all of DeFi. With Catalog, users can simply trade assets across the DeFi metaverse, as if the blockchain boundaries don't exist.

Don't put all your savings in crypto! If you plan to put your savings in the crypto currency, this obviously seems sensible. Over the years, it is almost certain that crypto will rise. If your money is in the bank, you get almost nothing extra for it. However, you should be careful when investing your savings in crypto. There are certain risks you can run when investing in crypto and we will list them all for you. Putting your savings in crypto is only wise in the long term. As the demand for cryptocurrencies rises, the value will also rise. In the short term, it is only wise to invest what you can lose. Prices can vary a lot and if the value of a currency seems to rise one day, the value can fall sharply the next day. It is therefore possible to lose quite a bit of money in the short term. If you need the savings for a vacation or a new computer, it is not wise to invest this money in crypto. While profit can of course be useful, it is not guaranteed. By the time you need the money, the value may have dropped a lot and so you have less money compared to when you started investing. In addition, you also run the risk of losing the money by forgetting your password. This of course sounds very stupid. Yet it happens more often than you think. Your purchased crypto coins are stored in a “wallet”. This wallet is communicated to your account or a key. When you lose the data for the wallet, you also lose all the money. You are entirely responsible for your own money and there is no regulator or intermediary associated with it. If you send the cryptocurrency to the wrong person, there is no way to get it back. Another way to lose your money is to get hacked. It sounds unlikely, of course, and it is today. However, you can lose the crypto coins to a hacker. When you have finished trading, we recommend that you transfer all cryptocurrencies that you own back to your wallet. Never invest more money than you are willing to lose. Because the crypto market has become very popular in a short time, the prices have risen a lot. When the crypto world loses popularity, the prices will fall. So if you need money for something and put this money aside for a while, leave the money in your bank account and don't take the risk with crypto. This way you are assured that you will still have the money when you need it. So how do you invest in crypto? There are several ways to invest in crypto to guarantee some success. The most chosen method for investing in crypto is to put a fixed amount in a crypto currency for a fixed period. . According to several studies, this has proven to be the most effective way to invest in crypto. Suppose the prices fall after the first investment? Then they can rise again the following month. Don't be put off by violent falls in the price and don't take your money too quickly. This way you can still guarantee a little profit. Another effective method is to buy the “dips”. When the price of a crypto currency is temporarily very low, They do this because the coin then has a great chance to increase in value again, so that they make a profit on it. This method requires you to keep a close eye on the market. The news and the current circumstances in the outside world have a lot of influence on the cryptocurrency market. So keep a close eye on this. The last method we recommend is to spread your money across different cryptocurrencies. Although the market is largely determined by bitcoin, there are still smaller projects that are rising in value. If one coin falls and the other rises, you'll still stay at the same amount. Many people choose to buy different coins to reduce the chance of losing. We strongly recommend this way of investing because smaller projects can often deliver a lot of profit. If you then also invest in a well-known larger crypto currency, you are assured of a stable currency. This method of investing is very popular and remains one of our top recommendations for investing in crypto. In the long run, the rise of crypto is almost guaranteed. Because the demand for cryptocurrencies is increasing and the supply is becoming increasingly scarce, this drives the price up. Of course it is wise to be aware of the risks mentioned in this article. Investing in cryptocurrencies can yield a lot of profit if done correctly. We strongly advise against investing all your savings in cryptocurrencies.

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catalogfi · 2 years

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Which cheap crypto coins have potential? That's how you find out!

Cheap cryptocurrencies are different cryptocurrencies than Bitcoin, so Bitcoin alternatives. Yet these are cheap crypto coins with potential if you know which one to invest in. In this blog we are going to give tips so that you can find cheap crypto coins with potential.

Catalog is the gateway to universal access to assets across all of DeFi. With Catalog, users can simply trade assets across the DeFi metaverse, as if the blockchain boundaries don't exist.

Research the project

It is always a good idea to check the website of the crypto project you want to invest in, this is a small effort and can teach you a lot about this crypto project. It is also worth checking out the social media pages of that crypto. Then make sure they have an easy-to-navigate website with overt details about the project and the team behind it. The experience and credibility of the team behind it plays an extremely important role when it comes to the success or failure of the crypto project. It is therefore important to look at what the team or team members have worked on before. If this is completely new to the team then you are taking a risk, but you also don't want to see that they have already worked on a number of crypto coins and they all flopped. Explore the community

The community that supports the crypto project can say a lot about the potential of the project. It is therefore important to pay attention to the size of the community and how the members speak about it, you want them to be enthusiastic. Yet you have to be careful, sometimes a hype can exceed or even mask the real usefulness or value of a project. That is why it is important never to invest in a crypto coin solely on the basis of hype and always include all factors. Research the roadmap and White paper

As an investor, it is an extremely important part of assessing the long-term value of a cryptocurrency. A good crypto project will have a strong and well-detailed white paper and roadmap. A white paper is a document released by the project where you can find technical information about the concept of the project. The roadmap helps set expectations about how they plan to grow the project. You can find the general timeline here with details about the development of the project. If the roadmap and white paper show that the project does not have a clear vision, you can question future success.

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