What they are

An installment loan is when you receive funds at once and repay them in fixed payments (installments). This is similar to regular credit cards, but there are some important differences. The thing is, with credit cards, you would repay continuously and over a long period (but you would use them on an ongoing basis). On the other hand, installment loans are paid off in one lump sum.

How it works

Once an installment loan application is approved, a lender transfers funds directly to your bank account. You then repay the amount borrowed, along with accrued interest, over the term specified in the agreement.

Thus, if you secure a $20,000 loan with a four-year repayment term and a 12% APR, you would make 48 installments of $527. To gauge how the loan’s interest rate and repayment period will affect your monthly payments, an installment loan calculator can provide some insight. By the way, paying off your loan on time will help your credit score, while missing payments can hurt it.

How much can I borrow with an installment loan?

Up to 100 thousand US dollars. This amount can be repaid within two to seven years, and the annual percentage rate varies from 6% to 36%. All these conditions should be clarified with the one who will give you this loan.

How can I increase my chances of getting it?

Of course, your credit history can be bad, especially if it is 650 or even lower. However, you can still improve your situation. To do so, do the following:

• Consider co-signing. Adding someone with a higher credit score or income to your application can improve your chances of getting a loan. This may sound uncomfortable or even dangerous, but in reality, your co-borrower will only have shared access to information. They won’t be able to access the funds, but they will be obligated to repay them (unless you do it yourself).
• Pledge something. You can pledge something as collateral for the loan, such as jewelry or a car. Of course, we do not advise you to mortgage your home, and it is unlikely that you will need it. This is a very risky option, even the most extreme one. If you stop paying, the creditor will repossess what you have pledged. Weigh the pros and cons before making such a decision.
• Limit yourself to a smaller amount. Lenders try not to lend too much if they suspect you will not be able to repay them. Make life easier for both you and them by borrowing a smaller amount initially. You can catch up later by combining the installment loan with alternative loans.

What to look for when choosing an installment loan

Below is a list of factors that should be your first priority when choosing an installment loan:

• Interest rates: It’s important to note that the lowest interest rate advertised by a lender is not guaranteed. When evaluating offers from different lenders, be sure to compare the fees that each lender charges.
• Loan amounts: Different lenders offer different loan amounts. Some may focus on smaller amounts, while others may offer loans up to $100,000. Before applying, it’s important to check the minimum and maximum amounts to make sure they match your needs.
• Repayment options: Personal loan lenders offer repayment options that range from two to seven years. Opting for a longer period will reduce your monthly payment, but choosing a shorter period can significantly reduce the total amount paid.
• Unique features: Look for special features and benefits, such as introductory APRs, discounts, and online financial tools. These can add significant value.

Are there alternatives?

Actually, yes. You should not always resort to installment loans. Consider other options first:

1. Ask local nonprofit, charitable, and religious organizations for help.
2. Try to get a paycheck in advance.
3. Try other ways to make money.
4. Ask family and friends for a loan through a lending circle or family credit agreement.

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This article explores the current state of Blockchain Gaming and what it’s changing.

You’ll also discover how blockchain technology might solve some of the industry’s biggest problems by supplying businesses with revenue, increasing transparency and giving players more control over their data.

1. Massively Multiplayer Online (MMO) Games Will Emerge

MMO games, as referred to in almost all gaming sectors, mean thousands of people play the game simultaneously.

The rise of blockchain technology will impact the industry as it will make it possible for players to play with each other across the globe. It will not only make the gaming experience more exciting but also more interactive.

The following are some of how blockchain technology can change this industry:

• Reduce the cost of transactions
• Help developers make their games scalable.
•  Provide a secure environment for players to play their favourite game

2. ESports Will Be More Popular

With the help of blockchain and cryptocurrency, eSports will be able to attract more viewers as well as fans. They can watch tournaments live and even participate if they have enough money. They could also earn money by watching ads or other forms of monetisation enabled by this technology.

3. Betting and Gambling

ESports is one of the fastest-growing industries in the world, and there is no doubt that blockchain technology will play an essential role in this space.

The gaming industry is already huge, with over 100 million gamers worldwide. The sector has enormous growth potential, growing from a niche market to a mainstream phenomenon. 

Egaming revenue exceeded $1 billion in 2018 for the first time.

According to data analysis experts, ESports betting will reach $1.87 billion by 2025, making it the world’s largest gambling market.

4. The Online Casino Industry Will Embrace Blockchain Technology

Blockchain technology is already a game changer in the online gaming industry. The blockchain revolution has been coming along, and while it’s still early days, there are plenty of ways that blockchain will change the gaming space.

The best blockchain casino will ensure players do not have any security concerns; with the rise of Bitcoin, Ethereum and other cryptocurrencies, customer wellness is critical to protecting them.

The blockchain protocol makes transactions more secure than ever before, as it maintains an unchangeable record of every transaction made on the network.

It makes it nearly impossible for someone to alter their records or cheat players out of their money.

5. Online Games Will Adopt Cryptocurrencies As Tokens

The idea is that gamers use the tokens to buy virtual items and digital content, which other players in the game can then use.

The token concept is gaining attraction. Many developers and publishers seek avenues to monetise their games with cryptocurrencies. It is a concept that has been around in the gaming space for some time, but it’s now gaining traction with developers and publishers looking to monetise their games with cryptocurrencies.

6. A New Breed of Decentralized Gaming Platforms

Decentralized gaming platforms will allow developers to create more secure games than their contemporary counterparts. With this in mind, players will feel safe when playing their favorite games without worrying about anything going wrong with the game or its servers.

Blockchain technology allows players to enjoy multiplayer games without worrying about downtime or server issues affecting gameplay sessions. It means players can play together in real-time while enjoying a great experience.

7. In-game Transactions And Items Will Become Easily Transferable

A common complaint among gamers is that the cost of in-game purchases is often higher than the actual game content. 

The process involves many intermediaries. It thus takes a large profit cut. Blockchain technology can solve this problem by making it easier for gamers to sell their digital goods and use those funds to buy new ones.

With blockchain, a player can transact either buy or sell on the same public platform or across different games available, with an option of free will.

8. High-quality Gaming Experiences, Even On Low-end Devices

The entry cost is low on blockchain technology, so more people may be able to play video games if they have a smartphone or a low-end computer. 

The platform could also allow developers to create more complex games that require more processing power. 

That would boost their profit margins by allowing them to sell these products at higher prices than they would generally be able to charge.

9. Elimination of Fraud

Blockchain technology also allows for greater security when playing games online. It also allows players to store digital assets on the blockchain, which means they can use them across multiple platforms without worrying about losing access or having them stolen.

These could be a considerable concern for gamers who are sensitive about their digital assets and don’t want anything to happen to them when they log out of their account or close their browser window.

Blockchain has three main features: distribution, immutability and permissions. The features are critical pillars to data protection and management as no person can delete or access data they are not allowed.

The Future is On Blockchain Technology!

Blockchain technology isn’t going away; it’s just getting started. The gaming industry is a vertical primed for disruption, and today’s topic—Blockchain in Gaming—looks to be the catalyst to usher in that monumental sea change.

 In summation, there is plenty of room for Blockchain technology to improve current gaming market practices. 

Game makers and publishers who partner with companies dealing with  Coin will be able to realize these benefits as they continue evolving their products and services.

In the next few years, blockchain technology will likely impact all segments of the gaming industry. 

The main goal is to make transactions more quick, secure, and transparent. Considering how pioneering the industry is in this respect, it is no surprise that people want to stay on top of developments.

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Artificial intelligence and blockchain are the current prominent applied sciences; they can produce robust financial security and data sets. A blockchain is a decentralised and rigid ledger that stores encrypted data. On the other hand, AI is the engine that allows data analytics.

Due to machine learning programs, extensive data handling systems are now secure, which is why stock markets are a promising venture. Therefore, it is not surprising that (AI) Artificial Intelligence is skyrocketing in crypto platforms.

Artificial intelligence robots have features with intelligence that can calculate, understand, relook at records of previous operations, solve problems, and perform other complex arithmetics that all rotate around the crypto.

Types of Blockchain

Generally, blockchain falls into four major segments. They include:

• Equity tokens-Just like stock shares, the holder has the right to ownership of process, assets, and organisation. It means the investor receives a part of the profits generated by the trading company.
• Utility tokens- The owners can access specific services to facilitate customer transactions.
• Intrinsic tokens-They go beyond any set limitation of access
• Asset-Backed token-These have a backing of specific assets, for example, gold, silver, or any other form of investment.

How Artificial Intelligence Is Constantly Earning On Cryptocurrency.

Cryptocurrency markets using artificial intelligence run 24/7, implying that traders freely trade at any time. Due to this exposure, AI uses a bulk quantity of data to determine future prices of the coin. 

For example, organizations like Endor use a platform like CryptoHawk.ai to assist their customers with the real-time costs of the currency.

To inexperienced traders, the signals and indicators issued help them to transact and gain information on market forecasts.

Use of Bots in Trading

App developers provide code for trading bots. In most cases, the users pay for the levy fees, and each bot has special requirements to run. The investor must decide when to buy or sell the appropriate accounts and fund the reserves to get the maximum benefit from the bots. Most crypto bots’ functions include;

• Analyzing market data – They analyze raw data exhaustively to give the most simplified and detailed findings.
• Predict market risks- It assesses the possible risks available in the market and offers suggestions on how much to invest or trade.
• Buying and selling of assets-which facilitate buying in bulk or single purchase.

Advantages of Crypto Bots

• Unlike humans prone to tiredness, a bot works nonstop for 24 hours for seven days.
• No element of error
• Instance execution of commands given
• Diversified risks on invested money
• No emotional attachment when performing transactions.

Apart from artificial intelligence playing a vital role in the growth of crypto, there are other reasons its popularity is getting immense daily. They include’

Why Cryptocurrency is Gaining Popularity

Very Low Fees

Cryptocurrency is gaining popularity because it offers relatively low fees. The fee for a transaction is typically much lower than the transaction cost of traditional banks and payment processors. This makes cryptocurrency a perfect option for individuals who want to save their money and make it grow faster

No Government Regulations on Cryptocurrencies

No government can claim ownership of any cryptocurrency or the technology used to mine and distribute them. Many people find it very convenient to use the currencies without the potential interruption of any specific country. It also ensures that the coin is stable even when a giant economy is in turmoil.

Most investors have embraced cryptocurrencies as a form of wealth that no regulations can tamper with.

Transactions using these decentralized currencies take place through blockchain anywhere in the world without central banks’ requirements and procedures.

Profit Visibility

The main reason for people to trade is to get profits. If you buy, for example, Bitcoin when its price is low, in the future, you sell at a higher price when the price rises. Many investors are keen to make profits which have been a key propeller of the currency’s growth and popularity.

Easy to Use and Trade

Also, every day, expert players in the industry are actively looking for innovative ways to make cryptocurrency use easy. In addition, most online traders have adopted cryptocurrency as a payment method. Cryptocurrency debit cards are also on the way to implementation, thus making it easier and more common for everyone.

When crypto becomes common, its popularity increases and becomes the most sought-after way, most people know Bitcoin alone, but other coins gaining popularity are quickly explored.

Guaranteed Money Security

Cybersecurity has, in recent years, become a monster on online platforms. However, despite the fear of cyber criminals, cryptocurrency is the safest online payment method.

The security features of the cryptocurrency are the first top reason it has become well embraced. Every cryptocurrency has developed security measures that are directly connected to the owner.

Coins are Easily Available

Getting cryptocurrency is not a challenging task. Reputable agencies have looped in the market and bridged the gap between tiresome and expensive mining. The process has become so easy and friendly that anyone can adopt it without much effort.

Future Trend

The world is changing drastically, and online currency is the next big thing. In addition, the world has become a global village such people are quickly trading with the whole world in their comfort. Blockchain will make the world operation transparent, and many people will bend to that angle.

Large organizations have embraced cryptocurrency trading. For example, Tesla said it would invest $2 billion to purchase its assets.

Finally, the correlation between AI use, its efficiency, and customers’ final value is quality. The main objective Of blockchain is to have an AI model that facilitates trust, privacy, and contribution to machine learning development systems.

The combined attention of blockchain and AI has attracted experts and scholars to the platform. It is evident that more innovations and exploring untapped opportunities. Soon, the systems will be more advanced and accommodate many exciting features.

The post Why is Cryptocurrency Gaining Popularity? appeared first on Orbistran SFer.

Solana

The heart of the Solana altcoin (SOL) is in San Francisco. Its creators describe their blockchain as a public payment system available to anyone. It began to grow in popularity in 2020 with the emergence of the Solana Foundation. This organisation has been very successful in popularising its coin. Today several DEFI projects use SOL and the number is growing. According to many analysts, this ecosystem has a great future ahead of it.

Now let’s move on to the numbers. Today, one token is worth 101 USD. In the last year, its value has increased by 266%. This is the best growth rate of any blockchain available. Thanks to the use of a decentralised clock, Solana’s blockchain mining speed is as low as 0.4 mc. This speed is thousands of times faster than Etherium and Bitcoin. According to the creators of the currency themselves, their blockchain is capable of quality processing up to 50,000 TPS per second. The fee for the currency is one of the lowest. It is as low as USD 0.00025. This, combined with the blockchain’s first-level scalability, allows this crypto to be deployed in decentralised, high-bandwidth applications.

Avalanche

Avalanche launched its core platform in 2020. It is open-source to run feature-rich, decentralised applications and interoperable blockchain networks. Anyone can do so. Avalanche is essentially a copy of the Ethereum blockchain but has some unique features. The transaction approval speed is less than two seconds. No other known cryptocurrency can boast of this. Another distinguishing feature of Avalanche is its high security. Even if most of the hard drive is affected by viruses, the AVAX coin remains protected.

The transaction fee in Avalanche is provided as part of the anti-spam measures. The basic fee on Avalanche ranges from 25 nAVAX to 1000 nAVAX. The final fee per transaction depends on the type of transaction. C-Chain uses a specific algorithm to determine the fee. It can be reduced if the network usage is lower than the target rate and increased if it is higher. The fee is automatically deducted from one of the user’s addresses, after which it disappears forever.

BNB (Binance coin)

BNB token is the Binance Chain ecosystem’s cryptocurrency. It was launched in 2017. BNB has long been one of the world’s most well-known tokens. It can be used to pay for services and goods, be used on the Binance exchange to pay fees, and sell tokens on Binance Launchpad. For those users who use this token as a trade commission payment, there is an incentive in the form of a 50% discount for one year. The total number of BNB tokens is 200,000,000. To reduce their number to 100,000,000, Binance invests up to 20% of its revenue each quarter to redeem and burn BNB.

There have been ups and downs in the history of this cryptocurrency. The historic high for the currency is November 6, 2021. On that date, 1 BNB was valued at 651 USD. Thereafter, its value began to decline and by April 2022 it reached 410 USD. To increase the liquidity of its token, the exchange encourages users by reducing fees. Regular traders, whose daily transactions reach large volumes, benefit the most. Their base fee is immediately reduced by 25% to 0.075. For other exchange members, there is a 0.1% fee.

XRP (Ripple)

The first XRP (Ripple) was issued in 2012. As conceived by its creators, Ripple is a decentralised payment system for exchanging assets, including between banks and financial institutions. Ripple has its coin called XRP. It can only be purchased in the Ripple system for cash or cryptocurrencies. XRP is divided into one million drops. A total of 100 billion XRP have been issued. It is currently one of the top cryptocurrencies. Many national banks use it for mutual settlements with banks in other countries.  

The average transaction speed for this coin is 4 seconds. A fee of 0.00001 XRP is charged for each transaction in a “foreign” currency. There are cases where the fee varies. For example, if the user increases the speed of transactions to several thousand per minute, the fee also increases. When the user’s speed decreases it decreases. The deducted commission is burned off and the total number of coins decreases.

Matic

Matic is Polygon’s working cryptocurrency (known as Matic Network until 2021). Polygon’s platform creates a second-level blockchain. This means that any user can create their blocks. At its core, Polygon offers an improved environment for Ethereum and other independent blockchains to create a complete system. It spares users from high fees and low transaction speeds.

The total number of Matic tokens is 10 billion tokens. This coin is backed by the PoS method. It allows for revenue calculated from its total number. Users storing Matic tokens are participants in the transaction capture process. This means that new tokens cannot be mined.

Matic shows its stability. Its exchange rate has been at the same level for years. From the end of 2021, an average of 1.5 USD can be obtained for a single Matic. With a huge number of transactions per day, this cryptocurrency will help solve the problems with the number of commission fees. Its undeniable advantage is the minimum commission, which is hundreds of times lower than Ethereum.

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This is why online users have come to understand the value of cryptocurrencies, which are quite heavily protected by cryptographic encryption. In addition, many cryptocurrencies offer either a flat fee, for transactions on the network, or based on a certain percentage, which is more profitable for customers. And the fast transfer rate in modern blockchains is a fraction of a second, which is much faster than all existing modern centralized payment systems.

Cryptocurrencies ensure your privacy

In most cases, either hash functions or cryptographic digital signatures are used to ensure security and anonymity. This is more like a real bank, where you have to notify the bank and sign the cheque that you will eventually receive when you transfer a sum of money. In this case, the bank is the controlling party of the transaction. In the case of cryptocurrencies, the bank will not control your transactions when you send money. However, every transaction (sending of funds) must be confirmed with a cryptographic signature. It is like signing a payment document at a regular bank.

Just imagine, all the information about every transaction of a particular cryptocurrency is stored on a huge number of computers that are linked together in one node: the blockchain. The amazing thing is that every transaction ever made on the blockchain is stored on every computer that is connected to the network. Again, if we look at open systems like banks, they did not know and did not know how to synchronize information. However, a solution to such a problem has emerged with the creation of a major cryptocurrency, bitcoin. One of the main tools used in cryptography is hash functions. It is these that serve as the ‘building blocks for building the blockchain that captures every transaction. This is why every participant in the network remains anonymous, because they do not use any input data, but only the hash function and the passwords of their wallets.

One of the main methods to ensure the security and anonymity of cryptocurrency is the so-called zero-disclosure protocol. This protocol serves as a confirmation that you have some information and does not disclose its contents. This approach is relatively new, and before cryptocurrencies, it was used for completely different purposes. However, some industries have benefited in a big way with the introduction of this protocol, for example, the online casino industry where cryptocurrencies have made no KYC casinos possible.

As mentioned above, all the computers in the blockchain are linked together in one huge network. When you make a transaction with your funds, all the users on that network can see the transaction. It is the zero-disclosure proof that allows you to hide that information about how much money is in a particular account and what kind of account it is. This is securely encrypted using hash functions. In order to confirm the transfer and that your transaction is valid, you need to provide the basic property of the records, and you don’t have to provide specific numbers. This is how proof with zero agreement functions.

In some cases, homomorphic encryption is used to preserve even greater anonymity. This type of encryption allows various mathematical operations to be performed on the encrypted data, which are fully consistent with the results of the calculation. The main idea and approach of the listed methods are to ensure proper synchronization, maximum security and safety of each network participant’s funds.

There is no need to open an account

Cryptocurrencies provide users with maximum anonymity and so many of the wallets do not ask for your email or other details. This comes in handy when you don’t want your personal details compromised. Of course, there are some sites that require users to register and enter at least an email. However, you should not blindly trust such sites as they can be used against you.

In most cases, in order to get a wallet and start using any of the cryptocurrencies, the user will be required to get one (install or download). The fact is that there are both desktop wallets, hardware wallets, online wallets, and wallets in the form of browser extensions. Generally, the process of opening an account in all wallet variants is the same: you need to remember the mnemonic phrase as well as your password and wallet number. The set of data gives you access to use a particular cryptocurrency. However, a hardware wallet uses only a password, but it is more secure because it is in your hand.

The difference between online wallets and various extensions like Metamask, TronLink, Polkadot, or Keplr for Chromium-based browsers is great for those users who use cryptocurrency daily. Here, you will literally need to click several times in order to make a payment. Moreover, with such applications, once installed, there is no need to enter the mnemonic phrase every time. All you have to do is enter your password and use it. Hence, cryptocurrencies offer many options without long registration processes. In addition, they provide you with anonymity in that they do not require personal details.

Lower fees and faster transactions

Cryptocurrencies are a great payment tool, if only because there are either no or only small transfer fees. Typically, if a fee is charged, it is a reward for the validators (those users and computers that maintain the blockchain of a particular coin). There are some types of blockchain where the commission is burned off. That is, one person transfers a particular cryptocurrency to another and a commission is charged for that transaction, but it does not go to a particular validator but is burned into the network immediately. But, keep in mind that it happens that in some blockchains, the fees can increase many times over. This is due to the huge demand for a particular cryptocurrency, which means that validators need to process too many applications. Users are charging fees to ensure that their transaction is completed as quickly as possible. It turns out that in this case, you have to pay a higher fee to transfer funds more quickly.

As you can see, everything, in this case, is interconnected. However, the average speed of cryptocurrency transactions is much faster than payments by centralized payment systems. Take the Keplr wallet, for example, where transactions are completed in seconds. Of course, older blockchains are more cumbersome and much slower. But, new blockchains like Tron, are simply instantaneous and make transfers at lightning speed.

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In January, a single miner successfully mined a block of bitcoin and received a reward of 6.25 BTC (over $270k). At that time, the miner’s share of the total processing power was only 0.000073%, which means the probability of successfully adding 1 block to 1.36 million. The miner also received transaction fees that were about 0.1 BTC ($4.3k at January 13 exchange rate) on that block.

However, this is an isolated case. At the same time, mining remains profitable even despite the fall in the rate to $40 thousand, and the cost of mining bitcoin for the average miner remains 1.5-2 times lower than the current price of the cryptocurrency.

“Even assuming bitcoin suddenly collapses to $30k, mining remains profitable even under these conditions.

Periods of correction are the most convenient to join the industry. The moment cryptocurrency prices fall, there is an opportunity to buy mining equipment at a bargain price.

Profitability of bitcoin mining depends on the generation of equipment, energy efficiency and maintenance cost of the devices. In the current environment, one ASIC S19j pro 110 TH/s with 3.2 kW of power at $0.07 per month brings a net profit of $560. At the same time, the profitability of older equipment, for example, S9j 14 TH/s with the consumption of 1.35 kW will be only $29.

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The most important change in cryptocurrency over the past two years has been the shift in focus toward automated financial services, or decentralized finance – DeFi. Today, to invest effectively in cryptocurrencies, you need to have an understanding of what DeFi is and how to use it. DeFi is an ecosystem of decentralized applications (DApps) that sit on top of blockchain networks (mostly the Ethereum network) and function autonomously, that is, without the involvement of any governing body. DeFi projects use open-source software and offer users a full range of financial services and products similar to traditional financial services.

In our review, you will learn what kinds of earnings there are in DeFi and how to minimize the entry threshold to this technically complex industry if you are facing it for the first time. Using LocalTrade as an example, we’ll tell you about DeFi Lab. This is a brand new infrastructure that provides seamless access to DeFi tools not only for crypto-enthusiasts, but also for a wider audience. For example, for people with no experience in cryptocurrency investing. But where do newcomers start on their journey to master DeFi?

The post Development of DeFi. Ways to make money in DeFi. appeared first on Orbistran SFer.

Learning not to lose is one of the main skills that novice investors and traders in the cryptocurrency market, as well as in other markets, should learn. It is important for long-term capital growth. If one does not know how to prevent losses, then the profits gained will be offset by unsuccessful trades.

There are several strategies which, if followed, can help combat losses.

The post The secrets of effective trading. Trading strategies and an overview of promising assets. appeared first on Orbistran SFer.