When investors deal with an exceptional event, they often say, ”This time, it’s different.”  It is more likely to happen during the formation of bubbles. For example, in 2021, investors and commentators said we were in a bubble for growth stocks and SPACs. While some said it was similar to the Dotcom crash of 2000, other investors said we're certainly not in a bubble. We were, and it started to crash from mid-2021.

Expectations during the formation of bubbles

Didier Sornette, a former professor of Entrepreneurial Risks at the Swiss Federal Institute of Technology, published a book,  Why Stock Markets Crash, and found that half to two-thirds of all bubbles crashed. Stock market events repeat themselves. When fiscal policy is easy, and credit comes cheap, asset prices rise. The trend inevitably reverses at some point.

Stock market bubbles

The “hot hand” fallacy is a cognitive bias that assumes a person who experiences a successful outcome has a greater chance of success if they continue.  When you invest during a bull market, you may feel like a winner on every investment or trade. But hot streaks never last. It is unsustainable if you want to build long-term wealth.

The “Hot hand” fallacy: When you can’t lose

Extrapolation is estimating the values of a variable based on known data. Scientists can look at the existing birthrate and use that data to extrapolate the future population. However, it's not a reliable method when dealing with finance and the economy.For example:<ul><li>If today is bad, you assume the future will worsen. </li><li>If today is good, you assume the future will be even better.</li></ul>Nothing lasts forever, not the bad or the good times.

The “Over-extrapolation” fallacy: The future is not the same

Long-term investing is about ensuring you can keep investing. It's not about the right stocks, taking risks, buying low or selling high. Smart investors stay in the game regardless of the conditions. They recognize patterns in the market and their own thinking, which is an important characteristic of sound investing.

The aware investor avoids losing all their money

"This time it’s different.” That's one of the investing fallacies that makes investors lose money. Here are two others to avoid.

moneyandinvestments

Money & Investments

”This Time it’s Different” and 2 Other Investing Fallacies

Growing from concept to millions requires adaptability, in mindset & skillset.Especially from the founder, who needs to shift his/her daily responsibilities with growth.See below the roadmap for bootstrappers created by Casey Clark from Cultivate Advisors. <a href="https://emojipedia.org/backhand-index-pointing-down/">👇👇👇</a>

Founders must be ready to evolve

In the early days, with no money or network, founders need to do everything.Flush with passion, the challenge at this stage is knowing how to channel energy into results.To graduate from the hustle phase, spend 70% of your time on sales.

1. Hustler

Reading too many (or the wrong) business books encourages founders to focus on the wrong things.<ul><li>You don't need systems to scale or perfect OKRs (yet) -- you need sales. </li><li>Become a master of selling & set the foundation for growth.</li></ul>

You need sales

There is no timetable for success, and hustlers understand this. They are willing to work hard, from morning to night, until they reach their goal.

You've proven that this idea has legs. Now how can you optimize your offering and your processes?
<ul>
<li>A/B test your offer</li>
<li>Add employees & vendors to fulfill tasks not in line with your strengths</li>
<li>Find ways to lower customer acquisition costs before scaling</li>
</ul>
<blockquote>
Begin building processes to produce repeatable results. Establish KPIs/ OKRs so that a quick snapshot can give insights into the health of your business.
</blockquote>

2. Experimenter

Ready for scale, founders need to delegate. Probably delegating is the hardest phase because it requires putting your ego aside and empowering others to perform, but, most often, the person appointed to a task ends up being more effective.Many bootstrappers get stuck in this phase because it's uncomfortable relinquishing control.It's difficult to shake the desire to "protect" what we've built.It usually unfolds like this...

3. Visionary

With a fully functioning team, you need to add management to replace yourself.It's challenging because it's expensive, risky & will remove you from the day to day.But it's essential to pave the way toward giving the company what it needs:<ul><li>This phase includes letting others control budgets, make hiring decisions, and design processes (without your input).</li><li>On the other side of systemizing is the opportunity to scale for years to come.</li></ul>

4. Systemizer

You've built a product with demand, attracted talent & built systems.<ul><li>Amplify everything by becoming a respected voice in your industry.</li><li>Use social media to build a following. The earned authority and trust will attract customers and talent.</li><li>Position yourself to be a keynote speaker at industry events. Being an influencer gives you the inside track on acquisitions & opportunities for growth that others will miss out on.</li></ul>The power of influence can't be overstated.

5. Influencer

Put your heart, mind, intellect and soul even to your smallest acts. This is the secret of success.

What’s your best tip to become an effective delegator? 

personaldevelopment

Personal Development

startup

Startups

leadershipandmanagement

Leadership & Management

Master these 5 roles to scale your startup

Price is the most delicate element of the marketing mix, and much thought goes into setting prices to nudge us towards spending more.There’s one particularly cunning style of pricing strategy that marketers use to urge you to change your choice from one choice to a costlier or more profitable one.It is called the “Decoy Effect.”

The decoy effect: how you are influenced to choose without really knowing it

Imagine you are in a movie house and now are searching for a cola drink. You have got two options. The cheapest is at Rs 200/-for 200 ml.The pricier at Rs 400 for 450 ml.Which one you select will rely upon some assessment of their relative value for money.It is not immediately apparent, though, that the costlier option is the best value. It does have over twice the amount, but what are they worth?Now consider the above choice in light of the 3rd option of Rs 300 for 300 ml.

Relative value for money.

The decoy effect is defined as the phenomenon whereby consumers change their preferences between two options when presented with a third option — the “decoy.”

Decoy Effect

When consumers have many alternatives, they often experience “choice overload.” In an endeavour to cut back on this anxiety, consumers tend to simplify the method by selecting only a pair of criteria (say price and quantity) to see the simplest value for money.Through manipulating these key choice attributes, the decoy steers you in a very particular direction while supplying you with the sensation that you are making a rational, informed choice.

How do decoys work?

The decoy effect can cause us to spend and consume more than we’d like. When a decoy option is present, we tend to make decisions based less on which option will suit our purposes and more on what seems like the most advantageous choice.

Individual effects

Decoys are a commonly used tool by businesses and corporations to “nudge” us into buying more quickly than we’d like.

Systemic effects

ven though we believe that we make all of our decisions consciously and deliberately, in reality, we are often unaware of things that have influenced our choices or how they need to affect us.Decoys justify our choice.When people make decisions, their goal isn’t to select the right option. Instead, the goal is to justify the result of a choice they’ve already made.Decoys serve to de-stress the decision-making process in additional ways than simply providing a nice-sounding explanation — they also settle the anxiety of having too many options to decide on.

Decoys work subconsciously.

The decoy effect is simplest when there are only three options in play: target, competitor, and decoy. Whether you’re out shopping, or you’re evaluating political candidates, try and notice when things take place in groups of three — there could also be a decoy within the mix.

Beware of sets of three.

Your thinking style plays a role in how likely you’re to be laid low by the decoy effect. One study, which involved over 600 participants, found that the people most affected by a decoy were those who relied on intuitive reasoning.

Don’t trust your gut.

Apple unveiled its new iPod priced16GB for $229. 32GB for $299. and 64GB for $399.In other words, double the storage for a further $70; you also get more features.However, if you choose to double the capacity (32GB to 64GB), you pay a further $100, but you don’t get extra features. Therefore, you may conclude that the 32GB version offers the most effective value for money.So, only some would buy the 16GB version and even fewer would choose the 64GB version.But, the very fact is, the 16GB and the 64GB versions are the decoys to make the 32GB version more appealing and also the best choice.

How Apple uses the decoy effect

Talks about the one of the most Important Marketing Weapon of the industry.

There’s one particularly cunning style of pricing strategy that marketers use to urge you to change your choice from one choice to a costlier or more profitable one. Imagine you are in a movie house…

marketingandsales

Marketing & Sales

The broad increase in the price of goods and services. This results in a decrease in customers' purchasing power. Customers buy less than what they were able to buy before. This increase is not limited to goods and services alone but also to the country's economy.

Inflation

When the cost of goods and services decreases and purchasing power increases meaning customers can buy more with less.This is caused by :• Increase in productivity of goods and services• A decrease in demand • A decrease in the supply of money and credit Although this might seem like a positive scenario it may also indicate a weakening economy.

Deflation

Inflation within the wage growth can stimulate demand, boosting productivity and increasing spending.However, when inflation surpasses wage growth it may indicate that the economy is in trouble. In a healthy economy, inflation normally ranges between two percentage points(<2%)

The Economy

When the customer demand for goods and services exceeds the supply in the market When there's an increase in the prices for raw materials and inputs for the final product on the side of the producer. Producers have to increase their prices so consumers have to pay more for the price increase.

Cause of Inflation

Consumers: lose purchasing power with the rise of prices of goods and services meaning they buy lessCompanies:Increase prices for goods and services as they lose buying power for the input material they require for finished products.

Consumers & Companies

This is how inflation is measured.• CPI measures the overall change in consumer prices based on a representative basket of goods and services over some time. • The CPI is the most widely used measure of inflation and deflation, closely followed by policymakers, financial markets, businesses, and consumers. (INVESTOPEDIA)

Customer Price Index(CPI)

Inflation in a nutshell : Credit to Karla Brown 

Discover the world of business and economics.

economics

Economics

Inflation 

Inflation is the gradual loss of purchasing power over time, reflected in a broad rise in prices for goods and services. In other words, you can buy less today with the same amount of money as you could a while back. For example, in the 1970s, the average cup of coffee cost 25 cents. By 2019, it had climbed to $1.59.   Inflation isn't limited to price spikes for any single item or service. It refers to increases in prices across a sector such as retail and, ultimately, a country's economy.

Inflation in a healthy economy is typically in the range of two percentage points. Inflation can stimulate spending and encourage demand and productivity when it is within range. But when inflation surpasses wage growth, it can be a warning sign of a struggling economy.

A healthy economy

Households lose purchasing power when the prices increase for items such as food, utilities and gasoline. Companies lose purchasing power when prices increase for inputs used in production. In response, companies typically raise the prices of their products or services to offset inflation, meaning consumers absorb price increases.

How inflation affects consumers and companies

Statistical agencies measure inflation by determining the current value of a “basket” of various household goods and services. This is referred o as a price index.  Agencies compare the value of the index over one period to another, such as month-to-month for a monthly rate of inflation or year-to-year for an annual rate of inflation.

How inflation is measured

<ul><li>Demand-pull inflation occurs when the economy's demand for goods and services exceeds its ability to produce them.</li><li>Cost-push inflation occurs when the rising price of input goods and services increases the price of final goods and services.</li></ul>

The main causes of inflation

<ul><li>Post World War II, price controls, supply problems and extraordinary demand caused double-digit inflation.  It peaked at 20 percent in 1947 and subsided at the end of the decade. </li><li>The mid-1960s to the early 1980s saw some of the highest inflation rates, with a peak of 14.8 percent in 1980. In turn, interest rates jumped to nearly 20 percent. </li><li>In January 2022, inflation in the United States increased to 7.5 percent, its highest level since February 1982, due to soaring energy costs, labour mismatches, and supply disruptions. </li></ul>

Historical inflation

During inflation, companies usually pay more for input materials. To maintain gross margins, companies raise prices for consumers. However, if price increases are not executed carefully, companies can damage customer relationships, depress sales, and hurt margins.  But done right, recovering the cost of inflation on a case-by-case basis can strengthen relationships and overall margins.

How inflation affects pricing

<ol><li>Adjust discounting and promotions and revisit other aspects of sales inapplicable to the base price.</li><li>Develop the art and science of price change. Don’t make across-the-board price changes but tailor pricing actions.</li><li>Accelerate decision-making by establishing an inflation council that can act quickly on customer feedback.</li><li>Plan options beyond pricing to reduce costs.</li><li>Track execution relentlessly.</li></ol>

Five steps companies can take to adapt to inflation

Deflation occurs when the overall level of prices in an economy declines and the purchasing power increase. It can be driven by growth in productivity and the abundance of goods and services, a decrease in demand, or a decline in the supply of money and credit. Generally, moderate deflation enables consumers to purchase more with less money. But deflation can also signify a weakening economy and lead to recessions and depressions. In addition, during deflation, debt becomes more expensive.

business

Business

What is inflation?

People think they can't get rich unless they were born rich.Bullshit.Here's how you can go from zero to millionaire.

From Rags To Riches

Unless you win the lottery, nobody will hand you $1 million.You have to own your life:• Know what you want• Understand what it takes• Do the work. Day in. Day out

Own Your Life, Your Time, Your Work

Unless you win the lottery, nobody will hand you $1 million.You have to own your life:• Know what you want• Understand what it takes• Do the work. Day in. Day out

Own Your Life, Your Work, Your Time

Wealthy people never stop learning:• Books• Coaches• Online courses• Business teachersThey spend money to make money.An average person focuses on the $10,000 cost,A wealthy person focuses on the $100,000 they will make from it.

Invest In Yourself

People focus on in-demand skills.Instead, focus on Rare Skills.Rare skills combine multiple skill-sets into a super-power,such as an accountant who:• Understands leadership• Is a public speaker• Is a strong writer

Focus On The Rare Skills

Nothing matters more than this.When you've never achieved hard things, everything seems scary.When you've done an Ironman or an Ultramarathon, everything seems easy.<ul><li>Start small.</li><li>Take the first step.</li><li>Do hard things regularly.</li></ul>

Do The Hard Things, Every Day

You have a white-collar job,and you need a blue-collar work ethic.Whether it's your business, or a 9-5, hard work gets you the reward:• Work on the right thing• Be smart about it• Outwork others

Outwork Others

You become wealthy by learning from wealthy people.Get in the right rooms.You will become wealthy when your friends are focused on becoming wealthy.You are who you surround yourself with.Build the right circle.

Be In The Right Place

You don't become wealthy by trying to look wealthy.That's a path to the poor house.Get your money working for you.Spend less than you're making and invest:• as soon as you can• as much as you can• as consistently as you can

Spend Less Than You Make

90% of millionaires get there through real estate—the simplest path for all of us.We don't need to be smart enough to be an entrepreneur or launch a startup.Buy the right assets in the right locations.When your horizon is long enough you'll always win.

Buy Real Estate

Financial twitter tells you debt is terrible.They're right, to an extent, but not all debt is created equal.Bad debt:• Credit cards• consumer loansGood debt:• mortgages on real estate• loans to start a profitable business

Use Leverage

Taking a contrarian view isn't enough, You need to take action on those views. The single greatest driver of your financial success will be the actions you take. Day in. Day out.

Be Convicted in Your Views

• You're convicted• You are taking actionNow, you need to go deep.The average person diversifies, great.You've already decided you don't want to be average.Once you know your path to becoming a millionaire, you need to go deep.

Once You Decide, Go Deep

Once you press go,do not stop.Smart choices + consistency + time = exponential results.Get the flywheel turning and then keep it turning ever forward.

Be Consistent

If you don't start with money and want to be a millionaire:• Spend less than you make• Take alternative views• Focus on rare skills• Outwork the room• Invest in yourself• The right room• Buy real estate• Own your shit• Be convicted• Use leverage• Be consistent

This Is How You Become Rich

motivationandinspiration

Motivation & Inspiration

How To Get Rich

As Bitcoin and other cryptocurrencies have been picking up steam, focus has turned to blockchain – the underlying distributed ledger technology (DLT) that powers these digital currencies.Blockchain technology exists as a shared database filled with entries that must be confirmed by peer-to-peer networks and encrypted.It is a strongly encrypted and verified shared Google Document, in which each entry in the sheet depends on a logical relationship to all its predecessors, and is agreed upon by everyone in the network.

Underneath The Crypto Hood

Blockchain technology has many more potential use cases beyond other than just serving as the fuel behind Bitcoin. It changes the game for finance, business, government, and other industries.Blockchain provides a way to securely and efficiently create a tamper-proof log of sensitive activity. This makes it <a href="https://www.businessinsider.com/blockchain-banking-report">excellent for international payments and money transfers</a>.We look at the other use cases for Blockchain.

It Started With Finance

Blockchain-based systems also have the potential to improve capital markets. A McKinsey report identifies benefits that blockchain solutions offer capital markets, some of which include: <ul><li>Faster clearing and settlement </li><li>Consolidated audit trail</li><li>Operational improvements</li></ul>For example, Axoni is a startup founded in 2013 and builds blockchain-based solutions specifically for capital market improvement.

Capital Markets

Historic methods of trade financing have been a major pain point for businesses because the slow processes often interrupt business and make liquidity hard to manage. Cross-border trade involves a large number of variables when communicating information – such as country of origin and product details – and transactions generate high volumes of documentation. Blockchain has the ability to streamline trade finance deals and simplify the process across borders. It enables enterprises to more easily transact with each other beyond regional or geographic boundaries.

Trade Finance

The extremely secure nature of blockchain makes it rather useful for accounting and auditing because it significantly decreases the possibility of human error and ensures the integrity of the records. On top of this, no one can alter the account records once they are locked in using blockchain tech, not even the record owners. The trade-off here is that blockchain tech could ultimately eliminate the need for auditors and erase jobs

Regulatory Compliance and Audit

Once again, the encryption that is so integral to blockchain makes it exceedingly helpful in combating money laundering. The underlying technology empowers record keeping, which supports “Know Your Customer (KYC),” the process through which a business identifies and verifies the identities of its clients.

Money Laundering Protection

Arguably the greatest blockchain application for insurance is through smart contracts. These contracts allow customers and insurers to manage claims in a transparent and secure manner. All contracts and claims can be recorded on the blockchain and validated by the network, which would eliminate invalid claims since the blockchain would reject multiple claims on the same accident. For example, openIDL, a network built on the IBM Blockchain Platform with the American Association of Insurance Services, is automating insurance regulatory reporting and streamlining compliance requirements.

Insurance

P2P payment services such as Venmo are convenient, but they have limits. Some services restrict transactions based on geography. Others charge a fee for their use. And many are vulnerable to hackers, which is not appealing to customers who are putting their personal financial information out there. Blockchain technology, with all its aforementioned benefits, could fix these roadblocks.

Peer-to-Peer Transactions

Blockchain’s immutable ledger makes it well suited to tasks such as real-time tracking of goods as they move and change hands throughout the supply chain. Using a blockchain opens up several options for companies transporting these goods. Entries on a blockchain can be used to queue up events with a supply chain — allocating goods newly arrived at a port to different shipping containers, for example. Blockchain provides a new and dynamic means of organizing tracking data and putting it to use.

Blockchain Applications in Business: Supply Chain Management

Health data that is suitable for blockchain includes general information like age, gender, and potentially basic medical history data like immunization history or vital signs. On its own, none of this information would be able to specifically identify any particular patient, which is what allows it to be stored on a shared blockchain that could be accessed by numerous individuals without undue privacy concerns.As specialized connected medical devices become more common and increasingly linked to a person’s health record, blockchain can connect those devices with that record.

Healthcare

The average homeowner sells his or her home every five to seven years, and the average person will move nearly 12 times during their lifetime. With such frequent movement, blockchain could certainly be of use in the real estate market. It would expedite home sales by quickly verifying finances, reducing fraud thanks to its encryption, and offering transparency throughout the entire selling and purchasing process.

Real Estate

Media companies have already started to adopt blockchain technology to eliminate fraud, reduce costs, and even protect Intellectual Property (IP) rights of content – like music records. According to MarketWatch, the global market for blockchain in media and entertainment is estimated to reach $1.54 billion by 2024.Example: Eluvio Content Fabric uses blockchain technology to enable content producers to manage and distribute premium video to consumers and business partners without content delivery networks.

Media

Blockchain technology could be used to execute energy supply transactions, but also to further provide the basis for metering, billing, and clearing processes, according to <a href="https://www.pwc.com/gx/en/industries/assets/pwc-blockchain-opportunity-for-energy-producers-and-consumers.pdf">PWC</a>. Other potential applications include documenting ownership, asset management, origin guarantees, emission allowances, and renewable energy certificates.

Energy

National, state, and local governments are responsible for maintaining individuals’ records such as birth and death dates, marital status, or property transfers. Yet managing this data can be difficult, and to this day some of these records only exist in paper form. And sometimes, citizens have to physically go to their local government offices to make changes, which is time-consuming, unnecessary, and frustrating. Blockchain technology could simplify this recordkeeping and make the data far more secure.

Record Management

Proponents of blockchain tech for identity management claim that with enough information on the blockchain, people would only need to provide the bare minimum (date of birth, for example) to prove their identities.Blockchain technology has the ability to make the voting process more easily accessible while improving security. Hackers would be no match to blockchain technology because even if someone were to access the terminal, they wouldn’t be able to affect other nodes.

Identity Management

The majority of regulatory oversight stems from recordkeeping, but the consequences of not maintaining records are inarguably much worse. Thus, compliance is non-negotiable for companies. Blockchain can make record updates available to regulators and businesses in real-time, in turn reducing time lags and allowing red flags and inconsistencies to be spotted sooner.

Compliance

CybersecurityThe biggest advantage of blockchain in cybersecurity is that it removes the risk of a single point of failure. Blockchain tech also provides end-to-end encryption and privacy.Big DataThe immutable nature of blockchain, and the fact that every computer on the network is continually verifying the information stored on it, makes blockchain an excellent tool for storing big data.

Blockchain Applications in Other Industries

Blockchain is poised to transform practices in a number of IoT sectors, including:The supply chain: Tracking the location of goods as they are shipped, and ensuring that they stay within specified conditions.Asset tracking: Monitoring assets and machinery to record activity and output as an alternative to cloud solutions.Despite these key areas where blockchain can be leveraged, the technology in the IoT is still dependent on startups.

Internet Of Things

This tech is as big as the internet itself.

First there were bitcoins, now the largest banks are investing in blockchain technology. See the various current and future uses the distributed ledger technology is allowing companies to pursue.

crypto

Cryptocurrency

The growing list of applications and use cases of blockchain technology in business and life

Introduced in 2008, blockchain is a system which records <a href="https://blockchain.works-hub.com/learn/How-Blockchain-is-Changing-Cross-Border-Payments">cross-border digital transactions</a> made in bitcoin and other cryptocurrencies across numerous PCs that are connected in a peer-to-peer network. In other words, a blockchain is a fast and secure way to buy and sell digital assets. The best part about a blockchain is that it provides <a href="https://blockchain.works-hub.com/learn/blockchain-technology-for-logistics-learn-about-its-impact-87876">supply chain visibility to suppliers and retailers</a>. Moreover, blockchain systems are decentralized and implemented with open source software, in the sense that no government body regulates them.

Blockchain: The Premise

The aim of introducing blockchain was to replace banks with software and it is said to be initiated by “Satoshi Nakamoto” by launching a project called “bitcoin.” Each blockchain user is called a node and a node in the blockchain technology market initiates a digital transaction using its private key. The private key generates a unique digital signature and makes sure that no one can change it. Once done, the transaction gets broadcast to the verifying nodes.

The Mysterious Founder

The blockchain platform can use different methods to verify the validity of the transaction. If the transaction is found to be authentic, it will get a place in the ledger. It is believed that blockchain has the potential to revamp the stock market. Also, many organizations and banks have incorporated blockchain into their businesses.

The Blockchain Transaction

Blockchain technology had seen a significant rise in institutional investments in 2021 leading to its tremendous growth. Last year alone, we saw credit card companies partner with blockchain companies to offer Bitcoin rewards. In January, Visa <a href="https://www.cnbc.com/select/visa-backs-first-credit-card-to-offer-bitcoin-rewards/">partnered with BlockFi</a>, and in April, Mastercard <a href="https://www.reuters.com/technology/mastercard-digital-currency-exchange-gemini-launch-crypto-rewards-credit-card-2021-04-27/">partnered with digital currency exchange Gemini</a>.

The Growth Of Blockchain

Seeing the growth of blockchain and its growth potential, it would be interesting to learn which are the top blockchain companies to watch in 2022.Companies that have proven to contribute significant value to the blockchain space and improve the maturity and professionalization of the industry by offering effective blockchain solutions. List of top Blockchain Companies:<ul><li>Binance</li><li>Coinbase</li><li>Chorus One</li><li>Synthetix</li><li>Chainlink</li><li>Gemini</li><li>Circle</li><li>Steem</li><li>Argo Blockchain</li><li>Hive</li></ul>

Top Blockchain Companies

Binance is the world’s leading digital currency exchange platform. The company provides a platform to exchange cryptocurrencies while taking care of liquidity and security. Founded in 2017 by Changpeng Zhao and Yi He, Binance is now one of the largest companies dealing in digital technology and finance with headquarters in George Town, Cayman Islands, Malta and various other locations globally.

Binance - Crypto Exchange

Coinbase was founded in 2012 by Brian Armstrong (former engineer at Airbnb) and Fred Ehrsam (trader at Goldman Sachs). They wanted to provide users with an easy-to-use portal to buy and transact cryptocurrencies. At the time, Coinbase has become the largest cryptocurrency exchange in the US and succeeded in its mission.Coinbase estimated total revenue of $1.8 billion during 2021’s first quarter to give you some financial details about its magnitude. On top of that, the crypto exchange caters to 56 million verified crypto users.

Coinbase - Crypto Exchange

Chorus One has established itself as one of the most trustworthy and professional staking and validator services in the blockchain space. They’ve proven that you can run a viable staking business. At the moment, users have trusted $1,659,144,530 worth of assets staked with Chorus One.They also support a massive list of proof-of-stake networks.

Chorus One - Staking And Validation

Synthetix allows developers to <a href="https://www.gemini.com/cryptopedia/synthetix">issue synthetic assets</a> on the Ethereum blockchain. This is a compelling concept as you can transform any asset into a tradable asset while removing its potential restrictions.Synthetix has opened up many new use cases for traders seeking new financial instruments. It wasn’t possible to employ trading bots for many traditional financial products to give you a concrete example. When trading synthetic assets, this becomes possible. The Synthetix platform brings non-blockchain-based asset exposure to the crypto ecosystem.

Synthetix - Trade Synthetic Assets

<a href="https://chain.link/">Chainlink</a> created the concept of decentralized oracles that make off-chain data available to smart contracts in a deterministic way. To get back to the temperature example, let’s assume we have ten nodes that request temperature data from different data providers. Then, we calculate the average temperature, and we write this number via a transaction to the blockchain. Now, our gambling smart contract can access the temperature data and execute its logic without leaving the blockchain ecosystem.

Chainlink - Decentralized Oracle Network

Gemini is a crypto exchange founded by the famous Winklevoss twins in 2014. It’s a private exchange that also offers <a href="https://www.gemini.com/custody">custodian services</a>. The name Gemini refers to the Latin word for twins. The Winklevoss brothers have the vision of marrying both forms of money: fiat money and cryptocurrencies. They do this by offering various trading pairs where they map a cryptocurrency like Bitcoin against a fiat currency like the US Dollar (BTC/USD).

Gemini - Bitcoin Exchange and Custodian

Circle brands itself as the payment infrastructure for internet businesses and are active in the crypto space since 2013. They are the company behind the popular <a href="https://www.circle.com/en/usdc">stablecoin USDC</a>, with a market cap of $11,241,731,453. The USDC stablecoin has its value “pegged” against one US Dollar. It means that Circle holds $1 in collateral for every USDC token they issue. It’s one of the most widely adopted stablecoins besides Tether (USDT).

Circle - Stablecoin USDC

Steem is a blockchain company providing services to social media users, developers and entrepreneurs. Founded in 2016 by Ned Scott and Daniel Larimer, the company launched the Steemit social media platform as its first application built upon the Steemit blockchain. On Steemit, anyone can earn rewards by posting quality content, upvoting and investing in Steem-based currencies.

Steem - A Social Blockchain

Argo is a publicly-traded blockchain technology company based in London, United Kingdom. Known for large-scale cryptocurrency mining. Argo Blockchain is the only blockchain company listed on the London Stock Exchange. The company was established in 2017 by Mike Edwards and Peter Wall with the sole aim of making mining a legitimate operation. In 2020, Agro Blockchain earned a revenue of $18.96 million.

Argo Blockchain - Large-scale Cryptocurrency Mining

Hive Blockchain Technologies Ltd. is a crypto mining blockchain company that claims to use renewable energy for mining Bitcoin and Ethereum. The company is jointly funded by Genesis Mining and Fiore Group to provide robust blockchain solutions and accelerate the development of the blockchain sector through traditional capital markets and develop the leading listed blockchain infrastructure company.Founded in 2013 by Olivier Roussy Newton, Hive Blockchain Technologies Ltd. is headquartered in Vancouver, Canada. In 2020, the company earned $33 billion in revenue, for a $9 billion annual growth.

Hive - Renewable Energy for Mining Bitcoin and Ethereum

\##Blockchain OverviewIntroduced in 2008, blockchain is a system which records cross border digital transactions made in bitcoin and other cryptocurrencies  across numerous PCs that are connected in a peer-to-peer network. In other words, a blockchain is a fast and secure way to buy and sell digital assets. The best...

Top Blockchain Companies in 2022

Find 100+ Ideas and Facts about Money - Curated from interesting sources like Books, Podcasts & Articles - Genuine Insights from like-minded Users like You!

”This Time it’s Different” and 2 Other Investing Fallacies

Master these 5 roles to scale your startup

The decoy effect: how you are influenced to choose without really knowing it

Inflation

What is inflation?

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Master “This One” Skill To Achieve Anything Effortlessly

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