World Crypto EXPO pavilions, seminars and conferences during 14-16 March 2024 will be dedicated to the following areas:
Altcoin is the shortened version for "alternative coins". The leading alternative cryptocurrencies launched after the success of Bitcoin are Ethereum, XRP, Tether, Cardano, Polkadot, Stellar, USD Coin, Dogecoin, Chainlink and Uniswap. Altcoins, unlike traditional money, can support more complex functions and ownership can enable token holders to contribute to governance decisions for the cryptocurrency.
A blockchain is a digitally distributed, decentralized, public ledger that exists across a network. It is a system of recording information in a viable way that makes it difficult or impossible to be altered, deleted or destroyed. In this way the goal of blockchain is to allow digital information to be recorded and distributed, but not edited. Some of the biggest blockchain companies are Coinbase Global Inc, Money Group Inc., BIT Mining Ltd., Canaan Inc, Voyager Digital Ltd., SOS Ltd., HIVE, and Silvergate Capital Corp.
Cryptocurrencies used as the standard currency for making or receiving payments on a blockchain. There are over 16,500 types of cryptocurrencies as of January 2022, according to price-tracking website CoinMarketCap. Bitcoin makes up nearly half of the total crypto market cap, and Ethereum makes up nearly a quarter. Altcoins occupy the remaining market share (roughly 40%).
A dApp is a decentralized application which is entirely open source, with no entity owning the majority of the coins or tokens. By way of its open-source nature, changes to the protocol must be decided upon by consensus of its network users. The dApp's data must be stored on a decentralized blockchain, generate digital assets that act as a proof of value and the assets are distributed as rewards on the network.
DeFi is one of the fastest growing areas of the blockchain and decentralised ecosystems. It allows anyone with internet access to lend, borrow and bank without going through intermediaries - i.e. no banks or institutions overseeing money. The code is available for review by anyone and therefore is transparent. The networks are open, meaning that the there are no geographic borders. The biggest player in this field for DeFi is based on the Ethereum network.
Decentralized exchanges, also know as DEXs, are peer-to-peer marketplaces where cryptocurrency traders make transactions directly without an intermediary. The transactions are processed through the sue of self-executing agreements also known as smart contracts. Users are able to trade directly from their wallets by interacting with the smart contracts. The most popular DEXs are built on the Ethereum blockchain.
A crypto exchange is a platform on which to buy and sell cryptocurrency. You can use exchanges to trade one crypto for another - converting Ethereum to Cardano or to buy crypto using regular fiat currency such as US Dollar or EURO. Various players in this field, each offering their own listed cryptocurrency and fees for buying and selling. Some well known companies regulated are Coinbase, Gemini, Binance, Crypto.com, FTX, BitMart, eToro and Robinhood.
Various countries have different legislation regarding cryptocurrency. The global landscape towards cryptocurrency investment is changing with many different countries taking different approaches to regulating. Therefore cryptocurrency is subject to different classifications and tax treatments around the world. Other areas in this field relates to other required documents for listing new tokens such as official auditing, provisions of legal opinion documents and company ownership documents for KYC.
Meme coins or tokens were first evolved from a joke or images/actions for fun through social media. They are then used to create a cryptocurrency to increase the awareness. There are many success stories associated with meme coins including Dogecoin, Shiba Inc and Baby Doge, all of which have extremely high market capitalization. Furthermore in order to strengthen the brand and image of these meme coins they become legal tender with other other major high street retailers. This in turns catapults the price and value to new highs.
Providing the latest trends and information relating to the cryptocurrency industry such as blockchain technologies, new listings, latest integration and partnerships with other entities and society, current prices, major market movers, social media coverage and other highlights, competitions and relevant news.
A Non-fungible Token (NFT) is a unique digital identifier that cannot be copies, substituted or subdivided, that is recorded in a blockchain. The blockchain used certifies the authenticity and ownership of the specific digital asset and rights associated with it. The NFT asset could be a video, work of art, licensed product, music recording, or virtual real estate. The digital receipts for all to see reside on the blockchain and ownership can be transferred with royalties still in play.
Investing in crypto assets is risky but also potentially extremely profitable. Cryptocurrency is a good investment if you want to gain direct exposure to the demand for digital currency, while a safer but potentially less lucrative alternative is to buy the stocks of companies with exposure to cryptocurrency. A cold wallet - offline device not connected to the internet if the safest place to keep crypto investments.
TECH & SCIENCE
Cryptocurrency, tokenization and, more importantly, blockchain technologies are becoming increasingly common in the applications for networks and computing, security, industrial applications and securities. Inventions in this area cover activities in tracking, finance, mobile wallets and e-commerce.
Cryptocurrency tokens are part of a the technological revolution and classed in two sections - security tokens and utility tokens. The crypto assets runs on top of another cryptocurrency blockchain as a use such as DeFi or they can be used to automate interest rates to sell virtual real estate. Four main types - DeFi tokens, protocols used to reproduce traditional financial-system functions. Governance tokens, gives holders a say/vote in the future of the protocol or app. Non-Fungible Tokens (NFTs), digital assets that are artworks, music, tickets, licensed products, video games etc. Security tokens, used mainly to sell shares or enterprises without the need for a broker. Also potential alternative to raise funds like stocks and bonds.
Crypto wallet is an app that allows cryptocurrency users to store and retrieve their digital assets. The wallet does not hold the coins or tokens, but maintains the private cryptographic keys to access the crypto that resides on the blockchain. There are three different types of crypto wallets - paper wallets (keeping a written record of your login details and transaction keys for cryptocurrency stored on an exchange), hardware wallets (small device that stores the the crypto offline - safest form of custody) and software wallets (web, desktop or mobile based that holds the private keys online.