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Welcome friend.

I am Tazz, a raccoon who lives in the US, blogging about cryptocurrency and everything related to this industry.

 

Rocket Raccoon coin review

Cryptocurrency has become more and more popular over the last few years, with people from all walks of life starting to invest in this digital currency. So what is cryptocurrency? Cryptocurrency is a form of digital money that uses encryption for security and is not controlled by any central authority. It’s decentralized, meaning no one institution controls it, but instead it’s run by a network of users who exchange it as an asset. Cryptocurrency can be used to make payments or purchases online just like regular money but its main appeal lies in the fact that it’s secure, anonymous and irreversible (unlike credit cards).

What is Cryptocurrency

Cryptocurrency is a digital currency that uses encryption for security and anti-counterfeiting measures. Cryptocurrencies are not controlled by any central authority, and have no physical form. Cryptocurrencies are decentralized, meaning they aren’t regulated by banks or governments (like normal currencies). Instead of being printed on paper or minted in coin form, cryptocurrency transactions are verified and stored on the blockchain – a public ledger of all transactions ever made using cryptocurrency.

bitcoin

The first widely used cryptocurrency was Bitcoin which was created in 2009 under the pseudonym Satoshi Nakamoto. He/she/they mined the first block of Bitcoin (the genesis block) on January 3rd 2009 at 18:15:05 UTC using CPUs only. The first transaction with real money occurred 10 minutes later when someone bought 10 000 bitcoins from him/her/them for $50 worth USD$0 at that time!

How are cryptocurrencies made?

Mining is the process of adding transaction records to Bitcoin’s public ledger of past transactions. This ledger of past transactions is called the block chain as it is a chain of blocks. The block chain serves to confirm transactions to the rest of the network as having taken place.

Mining involves adding transaction records to Bitcoin’s public ledger of past transactions (a blockchain). Each group of recorded transactions is called a block. Blocks are secured by Bitcoin miners and build on top of each other forming a chain. This way, new blocks cannot be modified without recreating the previous block which would not be accepted by everyone in our network.

How do I get cryptocurrency?

In order to get cryptocurrency, you can:

  • Buy it from an exchange.
  • Trade for it.
  • Mine it.
  • Get a gift (if someone decides they want to give you some).


Or:
Earn it.

Are Cryptocurrencies legal?

Cryptocurrencies are legal in most countries, though the regulations and rules can vary from place to place. Some countries have banned them entirely, while others have made them completely illegal. Countries that have outlawed cryptocurrencies include Algeria, Bolivia and Bangladesh.

Some countries regulate their use or require companies to use them for certain transactions (like Japan). In these nations, cryptocurrencies are still not considered a legal tender like traditional currencies such as the U.S. dollar or euro; however they do serve as an alternative form of payment for goods and services. For example: if you own a business in Singapore that accepts Bitcoin as payment for goods sold online then your customers can make payments through Bitcoin instead of using traditional methods such as credit cards or PayPal – this is called “cryptocurrency exchange”.

When it comes down to taxes on cryptocurrency exchanges there are two main types – those who want fair market value taxes applied against every transaction made between two parties regardless if one party wants no taxes levied against him/herself (which is impossible) or those who think all transactions should be taxed equally even if one party does not wish his/her share levied against himself/herself (which would probably lead towards fraud).

The good and the bad of buying and trading cryptocurrency

man analyzing cryptomarket

The good:

  • It’s a new way to make money. The same way that investing in the stock market could potentially cause you to lose money, investing in cryptocurrency can pay off nicely if you know what you’re doing.
  • It’s a new way to transfer money. Unlike traditional banks or other institutions that require fees and take time to process transactions, cryptocurrencies allow users to send and receive funds immediately—and for free!


The bad:

  • Cryptocurrency isn’t regulated by the government (yet). This means it doesn’t enjoy any legal protections, such as FDIC insurance for US dollars deposited at the bank or CFPB oversight for credit cards issued by financial institutions. In other words, if something goes wrong with your cryptocurrency holdings, there may be no one there who can help you recover them—or get them back at all!

There are many types of cryptocurrency, but bitcoin is the most popular

While there are many different types of cryptocurrency, bitcoin is the most popular. It’s also the most secure and valuable form of cryptocurrency. Bitcoin has a high market capitalization and is accepted as payment on the dark web (a hidden corner of the internet used for illegal activities). In addition to being more expensive than other cryptocurrencies, it’s also more liquid—meaning you can buy or sell it easily at any time because there are so many exchanges that trade in bitcoin.

Rocket Raccoon coin review

Rocket Raccoon (RRC) is a cryptocurrency token and operates on the NEM platform. Rocket Raccoon has a current supply of 878,043,600 with 0 in circulation. The last known price of Rocket Raccoon is $0.001409 USD and is up 1,205.37% over the last 24 hours. It is currently trading on 3 active market(s) with $41.00 traded over the last 24 hours. More information can be found at https://rocket-raccoon.org/.

The NEM platform is a blockchain protocol which powers the Rocket Raccoon cryptocurrency. It was first launched in 2015 as an alternative to Bitcoin and other cryptocurrencies, with an emphasis on developer control, simplicity and scalability.

Rocket Raccoon (RRC) is a cryptocurrency token and operates on the NEM platform. Rocket Raccoon has a current supply of 878,043,600 with 0 in circulation. The last known price of Rocket Raccoon is $0.001409 USD and is up 1,205.37% over the last 24 hours. It is currently trading on 3 active market(s) with $41.00 traded over the last 24 hours.

This coin might be good to invest in

If you’re looking for a coin that has a lot of room to grow in value, Rocket Raccoon might be it. The coin is still fairly new, so there isn’t much history behind it yet. However, it has been on the rise recently and shows no signs of slowing down.

The team behind the project plans on using Rocket Raccoon as an asset management tool and will be offering services such as cold storage wallets and insurance policies around the token. The developers also plan to add support for other cryptocurrencies like Bitcoin (BTC) and NEM (XEM).

Conclusion

Cryptocurrencies are a form of digital currency. They exist only online and are not backed by any government or central bank. They can be traded for goods or services, just like traditional money, but they also allow users to completely bypass banks and governments when making transactions.

Overall, Rocket Raccoon is an interesting coin to watch. It has some solid technology behind it and I believe the team will deliver on their goals of increasing the number of dApps built on Waves’ blockchain. It’s too early to say if this will be a successful project or not but there are definitely some promising features that make this token worth considering in your portfolio!