Steemit Crypto Academy | Season 2: Altcoins – Part1

I’m highly honored to be a part taker in this homework given by @yohan2on
As explained by @yohan2on about the alt coins

I would first begin by defining stable coin

Firstly, I would like to talk about stablecoin.

A stablecoin may be a digital asset that is still stable in value against a pegged external traditional asset class.

Stablecoins aim to make a stable and reliable environment to extend cryptocurrencies' adoption and negate digital assets' speculative nature. They offer the simplest of both worlds — security and decentralization of cryptocurrencies, with fiat currencies' stability.

Stablecoin is of need because without both long-term and short-term stability, mainstream users consider cryptocurrencies extremely risky — it makes for an excellent reason to not use cryptocurrencies as a direct substitution for traditional fiat currencies.

Secondly, I would like to talk about the altcoin

What Is an Altcoin?

The term altcoin peetain to cryptocurrencies other than Bitcoin. Such coins grouped themselves from Bitcoin by far-reaching their capacity and plugging their shortcomings.
"Altcoin" may be a fusion of the 2 words "alt" and "coin" and includes all alternatives to Bitcoin

What Is the Best Altcoin to Invest In?

Based on market capitalization, ether is the dominant and most well-established altcoin. Its smart contract ability have proven use cases and it is part of Ethereum, arguably one of the most involved blockchain platforms in recent times.

Are Altcoins Good Investments?

Altcoins have many of an equivalent investment risks compeer with Bitcoin. In addition, many of the tiny altcoins are illiquid. But well-setup altcoins, like ether and XRP, are competitors to Bitcoin.

How Much Is an Altcoin?

Altcoins have a pleasant wide price range from a few of cents to thousands of dollars. For example, Ethereum’s ether was trading at $1,979.58 on an equivalent day that Ripple’s XRP, the fifth-most extravagant cryptocurrency, was trading for $0.89.

Lastly, the Binance coin

Binance Coin (BNB) could also be a cryptocurrency which can be used to trade and pay fees on the Binance cryptocurrency exchange. ... BNB can also be substituted or traded for other cryptocurrencies, such as Bitcoin. Operating on blockchain technology, Bitcoin is set to confuse the currency market.

Is Binance Wallet Safe? Yes and no.

Binance is certainly one among those exchanges that are taking their security seriously, and since of that, Binance may be a great platform to use for trading cryptocurrencies.

Furthermore, no matter how secure exchange is, they're always a hot target for hackers.

Binance is designed to fascinate as many users as possible. The exchange is simple for newbies to use, and offers enough coins and features to stay expert traders happy, as well. I would deliver Binance to crypto traders of almost every level of experience.

Binance is meant to appeal to as many users as possible. The exchange is straightforward enough for newbies to use, and offers enough coins and features to keep expert traders happy, as well. I would recommend Binance to crypto traders of just about every level of experience.

Is Binance safe for traders?

Binance, which is based in Taiwan, published on Tuesday that hackers were able to cash out about 7,000 bitcoin through a single transaction, accumulating $40 million. Hackers engaged various methods, including phishing and viruses, in what the company paints as a “large-scale security breach.

Thank you for the time spent on my post.

Cc:@yohan2on