{"id":949,"date":"2023-02-16T07:09:26","date_gmt":"2023-02-16T07:09:26","guid":{"rendered":"http:\/\/78.47.81.216\/?p=949"},"modified":"2023-02-28T13:43:58","modified_gmt":"2023-02-28T13:43:58","slug":"how-to-set-up-a-crypto-wallet","status":"publish","type":"post","link":"https:\/\/blog.ag.qubiq.cc\/?p=949","title":{"rendered":"How to set up a crypto wallet"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"http:\/\/78.47.81.216\/wp-content\/uploads\/2023\/02\/How-to-set-up-a-crypto-wallet-1024x576.jpg\" alt=\"\" class=\"wp-image-952\" srcset=\"https:\/\/blog.ag.qubiq.cc\/wp-content\/uploads\/2023\/02\/How-to-set-up-a-crypto-wallet-1024x576.jpg 1024w, https:\/\/blog.ag.qubiq.cc\/wp-content\/uploads\/2023\/02\/How-to-set-up-a-crypto-wallet-300x169.jpg 300w, https:\/\/blog.ag.qubiq.cc\/wp-content\/uploads\/2023\/02\/How-to-set-up-a-crypto-wallet-768x432.jpg 768w, https:\/\/blog.ag.qubiq.cc\/wp-content\/uploads\/2023\/02\/How-to-set-up-a-crypto-wallet.jpg 1200w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>Acquiring digital assets is only half the battle, it&#8217;s just as important to keep them secure. To do this, you need to <strong>set up a <a href=\"https:\/\/blog.alphaguilty.io\/how-to-create-a-crypto-wallet\">crypto wallet<\/a> <\/strong>properly. Today, <strong>crypto wallets<\/strong> are a whole industry involving the biggest players in the digital market.<\/p>\n\n\n\n<p>If you want to <strong>set <\/strong>up a <strong><a href=\"https:\/\/blog.alphaguilty.io\/how-to-create-a-crypto-wallet\">crypto wallet<\/a>,<\/strong> you will have a hard time at first. Then you will understand the essentials and it will become much easier. Also, the <strong>set <\/strong>up process depends on <strong>different types of crypto wallets<\/strong>. However, before we get to the main topic, it is worth clarifying basic points about <strong>crypto wallets<\/strong> to make sure that newcomers to the crypto sphere are better informed. So, let&#8217;s <strong>start<\/strong>.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"682\" src=\"http:\/\/78.47.81.216\/wp-content\/uploads\/2023\/02\/image-14-1024x682.png\" alt=\"\" class=\"wp-image-951\" srcset=\"https:\/\/blog.ag.qubiq.cc\/wp-content\/uploads\/2023\/02\/image-14-1024x682.png 1024w, https:\/\/blog.ag.qubiq.cc\/wp-content\/uploads\/2023\/02\/image-14-300x200.png 300w, https:\/\/blog.ag.qubiq.cc\/wp-content\/uploads\/2023\/02\/image-14-768x512.png 768w, https:\/\/blog.ag.qubiq.cc\/wp-content\/uploads\/2023\/02\/image-14-1536x1023.png 1536w, https:\/\/blog.ag.qubiq.cc\/wp-content\/uploads\/2023\/02\/image-14.png 1600w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">What are <strong>crypto wallets<\/strong>?<\/h2>\n\n\n\n<p>A <strong><a href=\"https:\/\/blog.alphaguilty.io\/how-to-create-a-crypto-wallet\">crypto wallet<\/a> <\/strong>keeps the <strong>private keys<\/strong> (and public ones) of the digital asset owner while providing a user-friendly interface for funds management. They are considered the safest option for holders of such currency. Now <strong>crypto wallets<\/strong> help store assets in both digital\/physical locations (we are talking about a <strong>software wallet<\/strong> and a <strong>hardware wallet<\/strong>). The main <strong>features of a crypto wallet:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Using a <strong>crypto wallet <\/strong>is as easy as any other software.<\/li>\n\n\n\n<li>High level of security and <strong>private key<\/strong> protection.<\/li>\n\n\n\n<li>Instant operations without intermediaries and any barriers.<\/li>\n<\/ul>\n\n\n\n<p>So, a <strong>private key <\/strong>allows you to monitor and manage your assets. When the <strong>private key<\/strong> and the recovery\/secret phrase are forgotten, the user will lose access to all funds. If the public address gets lost, it can always be recovered if you have access to the <strong>private key<\/strong>.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">How to \u0441reate a <strong>\u0441rypto wallet<\/strong>?<\/h2>\n\n\n\n<p>Before you <strong>start <\/strong>collecting such a currency you need to create and <strong>set <\/strong>up a crypto wallet. It&#8217;s not as complicated as it may seem at first glance. To <strong>start<\/strong>, you need to follow a few simple steps:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>First, you need to<strong> choose a wallet<\/strong> that you will create and <strong>set <\/strong>up.<\/li>\n\n\n\n<li>There are several options for further action (you will need to install the <strong>software wallet<\/strong>, buy a <strong>hardware wallet<\/strong> or register on the site).<\/li>\n\n\n\n<li>The next step is to carefully <strong>set <\/strong>up all available security tools, including <strong>passwords<\/strong>, and the secret\/recovery phrase.<\/li>\n\n\n\n<li>Now you can start buying coins\/tokens and send <strong>crypto to your wallet<\/strong>.<\/li>\n<\/ul>\n\n\n\n<p>While some <strong><a href=\"https:\/\/blog.alphaguilty.io\/how-to-create-a-crypto-wallet\">crypto wallets<\/a><\/strong> support only one currency, most offer multi-asset solutions. With their help, users can store several different digital assets at the same time.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Basic types of <strong>crypto wallets<\/strong><\/h3>\n\n\n\n<p>Can&#8217;t choose a wallet? Let&#8217;s look at the main types to make it easier for you to make the right decision. There are cold and<strong> hot wallets.<\/strong> The former are standalone, and the latter type requires an Internet connection. Cold ones can even be touched, it can be the same flash drive.<\/p>\n\n\n\n<p>Now let&#8217;s talk about the next type. If you have a deposit in a bank, you can easily imagine what a <strong>custodial wallet <\/strong>is. So, a <strong>custodial wallet<\/strong> looks like a deposit &#8211; you keep your funds on a certain platform and use additional services. All major<strong> crypto exchanges<\/strong> like Coinbase, Kraken, and Binance have <strong>custodial wallets.<\/strong> In this case, the <strong>private keys<\/strong> are available to the <strong>crypto exchange<\/strong>.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">How to use a <strong>crypto wallet<\/strong>?<\/h3>\n\n\n\n<p>Decide on the type of wallet. For instance, if you choose a hot <strong>desktop <\/strong>option, you will need to download it to your device. Choose reliable programs with a good rating and the ability to work with several currencies at once.<\/p>\n\n\n\n<p>When you select a hardware option, you will have to buy one. Also, pay attention to ratings and reviews. If you are going to buy crypto, be sure to check the rates on several exchanges. They may vary significantly.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">How to \u0441reate and <strong>set <\/strong>up a <strong>\u0441rypto wallet<\/strong>?<\/h2>\n\n\n\n<p>When you choose a wallet, also pay attention to the ease of its creation and setup. How to install and <strong>set <\/strong>up a <strong>crypto wallet<\/strong>? The sequence of actions will vary on the type you choose. Now we will <strong>start <\/strong>with the most popular options.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Hardware wallet<\/strong><\/h3>\n\n\n\n<p>This type looks like an ordinary flash drive. <strong>Hardware wallets <\/strong>are considered the most secure of all available options. Everything is very simple: you need to buy a<strong> hardware wallet <\/strong>and install the necessary software on it. The package will include setup instructions, so you won&#8217;t have any problems. You can also quickly connect the <strong>hardware wallet <\/strong>to <strong>crypto exchanges.<\/strong> Some <strong>hardware wallets<\/strong> allow you to buy an asset and download it to a flash drive for offline storage.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Software wallets<\/strong><\/h3>\n\n\n\n<p>Today, <strong>software wallets<\/strong> are special apps that are downloaded and installed on the computer. They are also called <strong>desktop <\/strong>wallets. Once you&#8217;ve selected the <strong>software wallet,<\/strong> you just need to run it to start the setup process.<\/p>\n\n\n\n<p>When installing the <strong>desktop <\/strong>version, you may also need to make a backup copy of your <strong>password<\/strong>. This will help you regain admission to your <strong>desktop <\/strong>app in case your computer crashes. There is no third party in this area that you can turn to for help if you forget your <strong>password<\/strong>. This type can be either warm or cold.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Hot wallet<\/strong><\/h3>\n\n\n\n<p>If you&#8217;re setting up a hot <strong>desktop <\/strong>wallet, you&#8217;ll also need to download an app. Next, you create an account and set up strong security methods with a password and facial recognition. You also need to write down a secret\/restore phrase (keep it in a safe place so you don&#8217;t forget). That&#8217;s all, you can transfer funds.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Custodial wallet<\/strong><\/h3>\n\n\n\n<p>For this option, it is essential to find a reliable platform. So, you&#8217;ll not only secure your funds but also get the advantage of low commissions. You&#8217;ll need to create an account and enter some personal info to confirm your identity. The registration procedure takes a minimum of time, and then you can transfer your digital assets.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Non-custodial wallet<\/h3>\n\n\n\n<p>This is a tool for storing digital assets with the option of full control of keys and funds. The owner remains responsible for the security of the coins. Non-custodial wallets have many advantages. The main one is full control over funds and privacy of access to them. Non-custodial wallets are easy to set up. There is an option to create multiple accounts with one provider.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"682\" src=\"http:\/\/78.47.81.216\/wp-content\/uploads\/2023\/02\/image-13-1024x682.png\" alt=\"\" class=\"wp-image-950\" srcset=\"https:\/\/blog.ag.qubiq.cc\/wp-content\/uploads\/2023\/02\/image-13-1024x682.png 1024w, https:\/\/blog.ag.qubiq.cc\/wp-content\/uploads\/2023\/02\/image-13-300x200.png 300w, https:\/\/blog.ag.qubiq.cc\/wp-content\/uploads\/2023\/02\/image-13-768x512.png 768w, https:\/\/blog.ag.qubiq.cc\/wp-content\/uploads\/2023\/02\/image-13-1536x1023.png 1536w, https:\/\/blog.ag.qubiq.cc\/wp-content\/uploads\/2023\/02\/image-13.png 1600w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\">Which type is best for you?<\/h3>\n\n\n\n<p>The main thing you need from a wallet is to securely store your data. When choosing a suitable way to store your assets, think about how often you will use the wallet: only on the Internet or pay for goods\/services offline.&nbsp;<\/p>\n\n\n\n<p>Some wallets offer convenience and ease of use, while others are better protected from hackers and scammers. Ultimately, only you can decide which type best suits your needs. So, when you send <strong>crypto to your wallet,<\/strong> you must be sure that it&#8217;s safe.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>What is a crypto wallet and how to create it properly? Is a software cryptocurrency wallet really the best option? How to set up your wallet? Types of crypto wallets \u2013 what option is right for you?<\/p>\n","protected":false},"author":7,"featured_media":952,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[40,56,86,38],"authors":[37],"class_list":["post-949","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-highlighted","tag-alphaguilty","tag-cryptocurrency","tag-cryptowallet","tag-education","authors-alphaguilty"],"acf":{"reading_time":""},"author-name":"AG Content Manager","suggested-articles":[{"ID":376,"post_author":"7","post_date":"2022-11-14 14:07:58","post_date_gmt":"2022-11-14 14:07:58","post_content":"<!-- wp:paragraph -->\n<p id=\"43db\">Alpha Guilty, a platform for launching crypto and NFT projects, has entered into a partnership with Kommunitas, a decentralized and tierless launchpad for blockchain projects. The companies will focus on increasing the mutual deal flow and cooperation.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:image {\"id\":377,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http:\/\/78.47.81.216\/wp-content\/uploads\/2022\/11\/blog-20-1024x576.png\" alt=\"\" class=\"wp-image-377\"\/><\/figure>\n<!-- \/wp:image -->\n\n<!-- wp:paragraph -->\n<p id=\"4ada\">From now on, crypto projects fostered by Alpha Guilty will be launched on Kommunitas, and vice versa, Kommunitas projects will be available on Alpha Guilty. This will facilitate the promotion and selling of more high-quality NFT and blockchain projects.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:quote -->\n<blockquote class=\"wp-block-quote\">\n<!-- wp:paragraph -->\n<p id=\"c988\">Thrilled to start our journey with Kommunitas. I believe together we can discover new unicorns, and help talented and ambitious projects become known by more people<\/p>\n<!-- \/wp:paragraph -->\n<cite><strong>Mykhailo Sitalo, CEO of Alpha Guilty<\/strong><\/cite><\/blockquote>\n<!-- \/wp:quote -->\n\n<!-- wp:quote -->\n<blockquote class=\"wp-block-quote\">\n<!-- wp:paragraph -->\n<p id=\"1fcc\">Two professionals are better than one. With Alpha Guilty\u2019s expertise in marketing and launching, we can become an effective accelerator for promising crypto projects that are just beginning their path<\/p>\n<!-- \/wp:paragraph -->\n<cite><strong>Robby Jeo, CEO of Kommunitas<\/strong><\/cite><\/blockquote>\n<!-- \/wp:quote -->\n\n<!-- wp:paragraph -->\n<p id=\"3d1d\"><strong>About Alpha Guilty<\/strong><\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"1dbc\">Alpha Guilty (previously CPAD) is an all-under-one-roof solution for launching and promoting NFT and play-to-earn projects. Alpha Guilty is a part of Cosima Capital, a crypto fund that brought together professional managers and analysts with many years of experience in capital and cryptocurrency markets. It actively invests funds in promising projects and helps them grow with marketing promotion and team-building support.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"5cb4\">Find Alpha Guilty on:<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"c3e8\"><a href=\"https:\/\/alphaguilty.io\/\" rel=\"noreferrer noopener\" target=\"_blank\">Website<\/a>&nbsp;||&nbsp;<a href=\"https:\/\/twitter.com\/AGuiltyOfficial\" rel=\"noreferrer noopener\" target=\"_blank\">Twitter<\/a>&nbsp;||&nbsp;<a href=\"https:\/\/t.me\/AlphaGuiltyAnn\" rel=\"noreferrer noopener\" target=\"_blank\">Telegram<\/a>&nbsp;||&nbsp;<a href=\"https:\/\/discord.com\/invite\/S6YgxUfH5S\" rel=\"noreferrer noopener\" target=\"_blank\">Discord<\/a>&nbsp;||&nbsp;<a href=\"https:\/\/medium.com\/@alpha.guilty\">Medium<\/a><\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"2866\"><strong>About Kommunitas<\/strong><\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"a825\">Kommunitas is a decentralized and tier-less launchpad. Kommunitas is the solution for Multi-Chain oriented projects. Kommunitas welcomes projects from various blockchains such as Polygon, BSC, Ethereum, Avalanche, Solana, etc. The company has started its first Initial KOMmunity Offering and Social Engagement Burning. Investors can get capital gain from the investment, as well as earn passive Revenue Sharing in Stable Coins or by holding and staking KOM token.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"389a\">Find Kommunitas on:<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"ca33\"><a href=\"https:\/\/www.kommunitas.net\/\" rel=\"noreferrer noopener\" target=\"_blank\">Website<\/a>&nbsp;|&nbsp;<a href=\"https:\/\/twitter.com\/kommunitas1\" rel=\"noreferrer noopener\" target=\"_blank\">Twitter<\/a>&nbsp;|&nbsp;<a href=\"https:\/\/t.me\/kommunitas\" rel=\"noreferrer noopener\" target=\"_blank\">Telegram<\/a>&nbsp;|&nbsp;<a href=\"https:\/\/www.facebook.com\/kommunitas1\/\" rel=\"noreferrer noopener\" target=\"_blank\">Facebook<\/a>&nbsp;|&nbsp;<a href=\"https:\/\/medium.com\/@kommunitas\">Medium<\/a><\/p>\n<!-- \/wp:paragraph -->","post_title":"Alpha Guilty partners with Kommunitas to increase deal flow","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"alpha-guilty-partners-with-kommunitas-to-increase-deal-flow","to_ping":"","pinged":"","post_modified":"2022-12-19 09:43:36","post_modified_gmt":"2022-12-19 09:43:36","post_content_filtered":"","post_parent":0,"guid":"http:\/\/78.47.81.216\/?p=376","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":1361,"post_author":"9","post_date":"2023-09-13 08:11:27","post_date_gmt":"2023-09-13 08:11:27","post_content":"<!-- wp:image {\"id\":1362,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http:\/\/78.47.81.216\/wp-content\/uploads\/2023\/09\/Task-Execution-1024x576.webp\" alt=\"On-chain Task Execution\" class=\"wp-image-1362\"\/><\/figure>\n<!-- \/wp:image -->\n\n<p><span style=\"font-weight: 400;\">Smart contracts have emerged as a groundbreaking innovation within the realm of blockchain technology, significantly transforming the way transactions and agreements are executed. In this article, we will delve into the essence of smart contracts, their integration with blockchain technology, and how they play a pivotal role in enabling on-chain task execution.<\/span><\/p>\n\n<h2 style=\"text-align: center;\"><span style=\"font-weight: 400;\">What is a smart contract?<\/span><\/h2>\n\n<!-- wp:image {\"id\":1363,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http:\/\/78.47.81.216\/wp-content\/uploads\/2023\/09\/smart-contract-1024x576.webp\" alt=\"What is a smart contract\" class=\"wp-image-1363\"\/><\/figure>\n<!-- \/wp:image -->\n\n<p><span style=\"font-weight: 400;\">A smart contract can be best described as self-executing, programmable code that automatically enforces and executes the terms of an agreement when predefined conditions are met. Unlike traditional contracts, smart contracts are digital and operate on a decentralized blockchain network. They have garnered immense attention for their ability to facilitate trustless, transparent, and tamper-resistant transactions.<\/span><\/p>\n\n<h2 style=\"text-align: center;\"><span style=\"font-weight: 400;\">Smart Contracts and the Blockchain<\/span><\/h2>\n\n<p><span style=\"font-weight: 400;\">Smart contracts are inherently intertwined with blockchain technology. They reside on the blockchain and harness the data and assets stored within the ledger. This symbiotic relationship ensures the security and immutability of smart contracts since any alteration or manipulation necessitates consensus from the majority of network participants.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The execution of smart contracts on the blockchain occurs without human intervention. When specific conditions encoded within the contract's logic are satisfied, the contract automatically triggers the predefined actions. For instance, in a real estate transaction, a smart contract can facilitate the transfer of property ownership upon receipt of the agreed-upon payment, ensuring that both parties fulfill their obligations without relying on intermediaries.<\/span><\/p>\n\n<h2 style=\"text-align: center;\"><span style=\"font-weight: 400;\">Advantages of Blockchain Smart Contracts<\/span><\/h2>\n\n<!-- wp:image {\"id\":1364,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http:\/\/78.47.81.216\/wp-content\/uploads\/2023\/09\/Blockchain-Smart-Contracts-1024x576.webp\" alt=\"\" class=\"wp-image-1364\"\/><\/figure>\n<!-- \/wp:image -->\n\n<ol>\n<li><b>Decentralization<\/b><span style=\"font-weight: 400;\">: Smart contracts operate within a decentralized network, eliminating the need for a central authority or intermediary. This decentralization contributes to greater transparency and trust.<\/span><\/li>\n<li><b>Transparency<\/b><span style=\"font-weight: 400;\">: Every transaction and action performed by smart contracts is recorded on the blockchain for all participants to see. This transparency mitigates disputes and ensures accountability.<\/span><\/li>\n<li><b>Security<\/b><span style=\"font-weight: 400;\">: The immutability of blockchain technology makes smart contracts highly secure. Once deployed, they cannot be altered or tampered with, enhancing the integrity of agreements.<\/span><\/li>\n<li><b>Efficiency<\/b><span style=\"font-weight: 400;\">: By automating the execution of agreements, smart contracts reduce the time and costs associated with traditional contract management. This efficiency is particularly beneficial in industries requiring swift and precise execution, such as supply chain management.<\/span><\/li>\n<li><b>Cost Reduction<\/b><span style=\"font-weight: 400;\">: Smart contracts eliminate the need for intermediaries, lawyers, or notaries, reducing administrative and transactional costs.<\/span><\/li>\n<\/ol>\n\n<h2 style=\"text-align: center;\"><span style=\"font-weight: 400;\">Applications of Blockchain Smart Contracts<\/span><\/h2>\n\n<!-- wp:image {\"id\":1365,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http:\/\/78.47.81.216\/wp-content\/uploads\/2023\/09\/Applications-smart-contracts-1024x576.webp\" alt=\"\" class=\"wp-image-1365\"\/><\/figure>\n<!-- \/wp:image -->\n\n<p><span style=\"font-weight: 400;\">Blockchain smart contracts find utility across a myriad of industries and use cases, including:<\/span><\/p>\n<p><b>Financial Services<\/b><span style=\"font-weight: 400;\">: Smart contracts facilitate automated, secure transactions, enabling the creation of decentralized financial instruments like decentralized exchanges (DEXs) and lending platforms.<\/span><\/p>\n<p><b>Supply Chain Management<\/b><span style=\"font-weight: 400;\">: Tracking the provenance of goods, ensuring product authenticity, and automating inventory management are made more efficient with smart contracts.<\/span><\/p>\n<p><b>Healthcare<\/b><span style=\"font-weight: 400;\">: Patient records, insurance claims, and medical research can benefit from the secure and interoperable nature of smart contracts.<\/span><\/p>\n<p><b>Legal and Real Estate<\/b><span style=\"font-weight: 400;\">: Automating the transfer of property titles, escrow services, and even legal agreements can streamline processes in these sectors.<\/span><\/p>\n<p><b>Governance<\/b><span style=\"font-weight: 400;\">: Voting and decision-making within organizations can be conducted transparently and securely through blockchain-based smart contracts.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Smart contracts have emerged as a transformative force within the blockchain ecosystem. Their ability to autonomously execute agreements, reduce reliance on intermediaries, enhance security, and increase transparency makes them a cornerstone of blockchain technology's potential. As industries continue to explore their applications, smart contracts are set to revolutionize how tasks and transactions are executed on the blockchain, paving the way for a more efficient and trustless future.<\/span><\/p>","post_title":"The Role of Smart Contracts in Enabling On-chain Task Execution","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"role-of-smart-contracts","to_ping":"","pinged":"","post_modified":"2023-09-13 08:11:55","post_modified_gmt":"2023-09-13 08:11:55","post_content_filtered":"","post_parent":0,"guid":"http:\/\/78.47.81.216\/?p=1361","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":869,"post_author":"7","post_date":"2023-01-25 16:33:16","post_date_gmt":"2023-01-25 16:33:16","post_content":"<!-- wp:image {\"id\":870,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http:\/\/78.47.81.216\/wp-content\/uploads\/2023\/01\/image-30-1024x576.png\" alt=\"\" class=\"wp-image-870\"\/><\/figure>\n<!-- \/wp:image -->\n\n<!-- wp:paragraph -->\n<p>Since the beginning of 2022, cryptocurrencies have suffered a brutal comedown, losing $2 trillion in value after a massive rally in 2021.&nbsp;<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>The global cryptocurrency market capitalization today is $1.06 trillion, almost a -40% change one year ago. Overall crypto trading volumes fell from nearly $500 billion in May 2021 to almost $200 billion in December 2022.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>The two most popular cryptocurrencies are also struggling: Bitcoin plummeted by 70% from its highest peak of $64,000 in 2021, while Ethereum lost two thirds of its value since its all-time-high of nearly $3500.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Why is this <a href=\"https:\/\/blog.alphaguilty.io\/how-to-survive-a-bear-market\">bear market<\/a> different?<\/strong><\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>The crypto and <a href=\"https:\/\/blog.alphaguilty.io\/vempire-defi-makes-investors-fall-down-the-crypto-rabbit-hole\">DeFi<\/a> market with multiple firms, exchanges, dApps, trading platforms and other business has become as interconnected as ever. That\u2019s why, in 2022 we witnessed a series of interrelated events, when one crisis affected the rest of the market.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>One of the most bright examples is FTX: its bankruptcy dragged down crypto prices and operations of many crypto and NFT firms that had connections with this exchange, once second largest in the world. Among the exposed companies \u2014 BlockFi, Gemini, Kraken, Crypto.com and even Binance, which suffered reputational and financial losses.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Also, this <a href=\"https:\/\/blog.alphaguilty.io\/how-to-survive-a-bear-market\">bear market<\/a> is notable for the destabilization of\u2026 stablecoins. The 2022 year was a collapse for TerraUSD (UST), an algorithmic stablecoin which was supposed to be pegged one-to-one with the US dollar, but lost its peg, bringing down its sister token LUNA. This sent shockwaves through the stablecoin industry, and made investors doubt whether other fiat-pegged coins could collapse too.\u00a0<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>How was it during the previous crypto winter?<\/strong><\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>The last prolonged <a href=\"https:\/\/blog.alphaguilty.io\/how-to-survive-a-bear-market\">bear market<\/a> occurred between 2017 and 2018, when Bitcoin and other cryptocurrencies slumped sharply after a steep climb. In the end of 2017, the dominant cryptocurrency reached its first all-time-high (nearly $20,000), but lost most of its value during the next several months.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>The crypto market then was awash with initial coin offerings (ICO), a type of crowdfunding that wears a negative label to this day. Investors poured money into multiple crypto ventures that were literally everywhere, but the vast majority of those projects ended up failing.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Most experts agree that the 2017-2018 crash happened largely due to the overhype around crypto. At that time, few people realized the importance of checking projects or at least reading their whitepaper, if there were any, becoming an easy prey for scammers. Luckily, the situation is completely different today.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Can this crypto winter be the last?<\/strong><\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>The crypto market of 2022-2023 is much more rapid and flexible than a few years ago. And has more investors\u2019 trust as well. While major cryptocurrencies are having hard times, smaller coins like XRP, Polkadot and BNB are on the rise. We also have the NFTs, which are gaining more and more attention from big companies like Nike, Adidas and Starbucks, and can serve as a good tool to diversify your portfolio.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>It\u2019s not that bad with Bitcoin, too: in the beginning of 2023, BTC\u2019s price has crossed the psychological mark of $20,000 and is slowly growing to $23,000. Hopefully, this crypto winter will be not as cold as the previous one, and traders will use this experience to develop some useful strategies for the next bear markets.<\/p>\n<!-- \/wp:paragraph -->","post_title":"Case Study: Is Bear Market Of 2022 The Worst We've Seen So Far?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"case-study-is-bear-market-of-2022-the-worst-weve-seen-so-far","to_ping":"","pinged":"","post_modified":"2023-02-28 13:58:18","post_modified_gmt":"2023-02-28 13:58:18","post_content_filtered":"","post_parent":0,"guid":"http:\/\/78.47.81.216\/?p=869","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"likes":"179","lang":"en","translations":{"en":949,"ru":1490},"pll_sync_post":[],"_links":{"self":[{"href":"https:\/\/blog.ag.qubiq.cc\/index.php?rest_route=\/wp\/v2\/posts\/949","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.ag.qubiq.cc\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.ag.qubiq.cc\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.ag.qubiq.cc\/index.php?rest_route=\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.ag.qubiq.cc\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=949"}],"version-history":[{"count":2,"href":"https:\/\/blog.ag.qubiq.cc\/index.php?rest_route=\/wp\/v2\/posts\/949\/revisions"}],"predecessor-version":[{"id":1021,"href":"https:\/\/blog.ag.qubiq.cc\/index.php?rest_route=\/wp\/v2\/posts\/949\/revisions\/1021"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.ag.qubiq.cc\/index.php?rest_route=\/wp\/v2\/media\/952"}],"wp:attachment":[{"href":"https:\/\/blog.ag.qubiq.cc\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=949"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.ag.qubiq.cc\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=949"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.ag.qubiq.cc\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=949"},{"taxonomy":"authors","embeddable":true,"href":"https:\/\/blog.ag.qubiq.cc\/index.php?rest_route=%2Fwp%2Fv2%2Fauthors&post=949"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}