What is Polkadot ?
Polkadot (DOT) Token is considered as a next-generation blockchain network that aims of connecting all the other cryptocurrency networks into one and creating one unified network. The network was designed to create as a means to return control back to the individual user from internet monopolies. Other than providing the same abilities that previous blockchain platforms offered, Polkadot (DOT) token also provides its users with additional advantages.
What Benefit of Polkadot (DOT) Token?
Blockchain giants like Bitcoin and Ethereum, even after upgrading their networks, are not able to find a permanent solution to the issue of scalability. Almost every blockchain platform, especially Bitcoin, suffers from scalability issues that in turn result in the increment of its transaction fees and throughput time of the platform. The Polkadot platforms solve the issue of scalability with its multi-network blockchain. Since there are a number of networks connected with the Polkadot (DOT) token platform, this eliminates the creation of a bottleneck that occurs while processing transactions. Polkadot (DOT) token processes multiple transactions at once by processing them in multiple parallel networks. This ensures that the scalability grows along with the development and growth of the platform as a whole. The Polkadot token is governed by its community as they hold transparent stakes in the future of the platform. This ensures that the platform is governed according to the will of the users and does not have to rely on a centralized authority for its governance who might use questionable data practices. The DOT token platform also provides users with inter-network and cross-chain communication, hence allowing newer and more creative innovations that would allow users to transfer information from one chain to another.
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About Chainlink
Chainlink DeFi token launched in the summer of 2017. It launched trading for LINK in
November 2017. In February 2020, Chainlink announced a partnership with Polkadot,
a blockchain technology company that strives to build relationships between
blockchain networks. A week later, Chainlink announced a partnership with Ethereum
Classic, along with several smaller DeFi projects and DAPs. The world's fastest
growing crypto asset, ChainLink (link), is under discussion after a positive rally. Now
investors have good reasons to make the bank smile because 100% Link Wallet is in
profit. Chanlink announced in 2019 that Google was integrating ChanLink into its
approach to adopting smart contracts as to how users could use ChainLink, one of
Google's most popular cloud services, Can use to connect to BigQuery. The difficulty
of connecting smart contracts to information sources outside of the blockchain in a
language that they both understand is one of the main limitations on how smart
contracts can be used in a broad way.
What is Polkadot ?
Polkadot (DOT) Token is considered as a next-generation blockchain network that aims
of connecting all the other cryptocurrency networks into one and creating one unified
network. The network was designed to create as a means to return control back to the
individual user from internet monopolies. Other than providing the same abilities that
previous blockchain platforms offered, Polkadot (DOT) token also provides its users with
additional advantages.
2. What Benefit of Polkadot (DOT) Token?
Blockchain giants like Bitcoin and Ethereum, even after upgrading their networks, are
not able to find a permanent solution to the issue of scalability. Almost every blockchain
platform, especially Bitcoin, suffers from scalability issues that in turn result in the
increment of its transaction fees and throughput time of the platform. The Polkadot
platforms solve the issue of scalability with its multi-network blockchain. Since there are
a number of networks connected with the Polkadot (DOT) token platform, this eliminates
the creation of a bottleneck that occurs while processing transactions. Polkadot (DOT)
token processes multiple transactions at once by processing them in multiple parallel
networks. This ensures that the scalability grows along with the development and growth
of the platform as a whole. The Polkadot token is governed by its community as they
hold transparent stakes in the future of the platform. This ensures that the platform is
governed according to the will of the users and does not have to rely on a centralized
authority for its governance who might use questionable data practices. The DOT token
platform also provides users with inter-network and cross-chain communication, hence
allowing newer and more creative innovations that would allow users to transfer
information from one chain to another.
History of Bitcoin ?
Bitcoin was invented by a group of unknown persons named 'Satoshi Nakamoto' and the
domain name bitcoin.org was registered on 18th August 2008 and released as open-
source software in 2009. There are so many cryptocurrencies pairs in India but Bitcoins
in INR is one of the most popular cryptocurrency pair in India. Nowadays
Cryptocurrencies are the most simple, fastest, transparent and less expensive way to
exchange as compared to the physical currencies. The valuation of Bitcoins in INR as
compare to other assets like real estate, stocks, gold, silver, coins and physical
currency, American companies Visa and MasterCard is 15 times more. If you desire to
buy bitcoins India and at the best price of bitcoins to Inr with full confidence then you are
at right place. Buyucoin is one of the most secure and safest cryptocurrency exchange
in India. It is the best platform to trade/ sell and buy bitcoins in INR. With easy manner,
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of your desired options like NEFT/RTGS/IMPS. At Buyucoin, using our expertise, we
offer you the safe, direct and fast processing of funds with zero trading fees to buy
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you can blindly count on us.
What is Bitcoin Mining?
Bitcoin mining is the process of utilizing high-powered computers to solve complex
computational problems. Upon solving these computational problems, computers
3. produce a Bitcoin, although the probability of a computer solving a problem is almost 1
in 13 trillion. Other than that, there are two outcomes of Bitcoin mining. The first is the
production of new Bitcoin when the computer solves these complex problems on the
Bitcoin Network. The second outcome is the by-product of the computation process of
the computers, which make the Bitcoin networks trustworthy and secure as they verify its
transaction information.
What is Bitcoin Halving?
In order to tackle inflation and similar real-world economic issues, Bitcoin undergoes a
process known as Bitcoin Halving which results in the reduction of the production of
Bitcoins by half every four years or every 210,000 blocks mined. In this way, the Bitcoin
system creates its own synthetic inflation system until all the Bitcoins are mined and
released into the system. This system would continue until the year 2140, at which point,
the miners would be awarded transaction processing fees that would be reimbursed by
the network users. The fees would act as an incentive for Bitcoin miners to continue their
operations and would cause them to remain low after the halvings have come to an end.
Bitcoin Price and Trade analysis
Cryptocurrency rates have a tendency to fluctuate in short periods of time. As of 29th
June 2020, the price of 1 Bitcoin against the INR stands at 6,88,046 INR. The value of
the Bitcoin fluctuates on the basis of demand and supply. When the sale of Bitcoins
starts soaring, its value proportionately increases. But due to government bans in
countries or lack of willingness to invest would result in the subsequent fall of the price.
Although this might seem a high-risk situation to many greenhorns or even experienced
investors, a thorough and timely technical analysis is capable of predicting the market
trend of the cryptocurrency. It could also help in determining the most profitable entry
and exit points to traders and investors.
Why to Buy Bitcoin in India?
One of the main reasons for investment in Bitcoins is the high profitable returns that the
Cryptocurrency provides to the investors in a comparatively short period of time. The
value of a single bitcoin has increased from around 3,00,000 INR in 2019 to 6,88,046
INR in 2020. Other than that, since the Indian Supreme Court has lifted the ban on
cryptocurrencies, many businesses and financial institutions have started adopting
Bitcoin as a legitimate mode of payment and are expected to have a huge growth rate in
the coming years. Software giants like Microsoft have already adopted Bitcoin as a
means to purchase their products in its Windows and Xbox stores.
How to Buy Bitcoin in India?
The existence of the misconception that buying Bitcoins in India is a difficult process that
is fraught with hardships has plagued the minds of numerous eager investors. In reality,
buying Bitcoins is a simple process that involves visiting coin wallets present over the
internet that provide interested buyers and traders with coins.
Where to Buy Bitcoin in India from?
4. Bitcoin can be bought from coin wallets that are present on the internet. There are many
peers to peer marketplaces that exist on the internet through which bitcoins can also be
bought. These wallets deduct a small amount of fee for their services which may be as
low as 0.0005 BTC.
How to Sell Bitcoin in India?
India stands to be a gold mine for Bitcoin investors as there exists a price difference of
almost 7,552 INR and hence can stand to gain huge profits if the right decisions are
made. There multiple platforms through which the sale of Bitcoins can be conducted.
There exist peer to peer trade exchanges that allow Bitcoin holders and potential buyers
to buy or sell Bitcoins upon paying a small service fee to the service provider. There are
also websites that allow sellers to utilize the traditional method of cash transactions for
the buying and selling of Bitcoins. Bitcoin exchanges are also occurring on social media
platforms like WhatsApp and Telegram in order to maintain anonymity.
Where to Sell Bitcoins in India?
Bitcoins can either be sold directly to the buyer using peer to peer trading platforms or
can be exchanged through legitimate cryptocurrency exchanges that are present over
the internet. Although peer to peer transactions are highly discouraged by many large
exchange platforms as they are fraught with risks of volatility.
Check Bitcoin Price History