Libra is now back as a less-threatening variant of one of the most divisive crypto-currency ventures ever, Diem. When the American social media giant, Facebook, Inc. revealed plans to enter the industry, the entire crypto market felt ripples of enthusiasm last year. At that moment, with its approved blockchain-based payment system and stablecoin dubbed Libra, the platform tried to create a bold entry. The move would have revolutionized the movement of money and placed Facebook and its partners on the blockchain-based digital payments sector’s ground floor.

The project turned out however, to be a little bit more than politicians and…

Expense and Scalability
Despite today’s rapid Internet connection, the early days of the Internet faced difficulties in terms of scalability and expense. On August 7, 1996, AOL’s Internet service struggled to help a high number of Internet users and went down for nineteen hours. At that stage, Americans were increasingly living their online lives every day and AOL was the largest internet service provider in the world, among other competitors such as Prodigy, CompuServe and MSN. The internet itself did not disappear, but the ability to access it briefly stopped, and it was a big deal for those who started getting…

Tether (USDT) Review — Rekt Money

What is Tether (USDT)

Tether (USDT) is the most common stablecoin in the world. As such, it meets multiple business uses, making it a key cryptocurrency in many investor strategies. Although it may be impossible to envisage a crypto market without Tether, this has not always been the case. The Tether initiative overcame a lot of criticism to make it the top spot.

Nowadays, Tether is helping to provide support and hedge against market uncertainty. It’s capable of accomplishing this mission and it’s what’s known as the Stablecoin.

How Does Stablecoins Work

Stablecoins are cryptocurrency resources that have their worth linked to outside commodities.

The benefits that these…

TRON (TRX) Review — Rekt Money

What is TRON (TRX)

TRON is a decentralized virtual machine that has been developed to help us access the decentralized internet. In the same way as Ethereum, TRON enables Dapp developers to build and use complex protocols via smart contracts that reside on their native blockchain. Today, the platform is best known for the speed of transaction and its vibrant CEO.

Specifically, the network is capable of carrying out 2000 transactions per second. This success places TRX at the same stage as big payment providers such as PayPal. Best of all, TRON has zero processing costs. …

VeChain (VET) Review — Rekt Money

What is VeChain (VET)

VeChain (VET) was one of the first blockchains designed specifically to satisfy the needs of the enterprise-level clientele. The project’s creators aim to enhance supply chain and product lifecycle management through the use of distributed ledger technologies (DLT). Importantly, the app provides consumers a range of new capabilities that make it suitable for organizations looking to develop supply chain protocols and business processes.

Today, the logistics industry is suffering from an asymmetric intelligence crisis. Although a vast volume of data is obtained by the programs in operation, this data is not transmitted in an ideal way. In most situations, extreme…

Stellar Lumens (XLM) Review — Rekt Money

What is Stellar Lumens (XML)

Stellar focuses on the interests of people rather than massive financial institutions. In this way, the network is capable of effortlessly linking people, organizations and payment systems around the world. Today, the network consists of a multinational coalition of individuals and organizations based in each country.

How Does Stellar Lumens Work

Stellar leverages decentralization to develop new transfer structures in operation. The platform incorporates a distributed ledger to boost the performance and accountability of apps. This ledger preserves all the data on the network, and its transaction history, for the migration of the devices in operation. …

Tezos (XTZ) Review — Rekt Money

What is Tezos (XTZ)

Tezos (XTZ) is a fourth generation blockchain network that implements advanced protocols to allow a host of functionalities. In specific, the platform facilitates the creation of decentralized applications (DApps) and the coding of smart contracts.

Tezos is a shared open-source network for properties and software. Today, the Tezos community is made up of scholars, engineers, validators and numerous support groups. Both of these groups have the shared aim of expanding the Tezos ecosystem.

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Ripple (XRP) Review — Rekt Money

What is Ripple (XRP)

Ripple is the organization that has developed the Ripple Consensus Ledger. In this way, Ripple functions both as a forum and as a currency. Ripple creators use an open-source protocol to offer a host of advantages to consumers. These benefits include safe, simple and inexpensive transactions.

However, Ripple is not intended to act solely as a currency such as Bitcoin. Whereas Bitcoin was intended as a way of circumventing the conventional banking system, Ripple has a very different market niche. The network has been designed to fill the divide between conventional financial institutions and the blockchain market.

Importantly, Ripple (XRP)…

Monero (XMR) Review — Rekt Money

What is Monero (XMR)

Monero is the response of the crypto industry to Bitcoin’s lack of anonymity. For a long time people felt that bitcoin transfers were private. Most people today recognize that this is not the case. In fact, there is a multitude of tools and services that could be used to unmask the person behind specific Bitcoin transactions.

Monero is taking a new path to the market. This coin is the key component of secrecy. This tactic continues to make Monero the top coin for those trying to preserve their privacy within the market. …

Litecoin (LTC) Review — Rekt Money

What is Litecoin (LTC)

Litecoin was one of the first coins to join the sector. As a result, it remains one of the biggest coins in the market capitalization sector. This hugely famous coin can be found on virtually any crypto exchange. It’s also one of the most commonly recognized cryptocurrencies in the world. You may use Litecoin to buy products, utilities, or even participate in other crypto ventures as they arise.

Like other cryptocurrencies, Litecoin uses blockchain technologies to stay decentralized. Decentralized currencies vary in many ways from conventional fiat currencies. In the first case, they are not issued by a single body…

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