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The blockchain trilemma describes that greater scalability is possible, but there are trade-offs between the three.
Blockchains are often forced to make trade-offs that prevent them from achieving all 3 aspects:
1. Decentralized: creating a blockchain system that does not rely on a central point of control
2. Scalable: the ability for a blockchain system to handle an increasingly growing amount of transactions
3. Secure: the ability of the blockchain system to operate as expected, defend itself from attacks, bugs, and other unforeseen issues
Citrus has all three factors,
It is truly decentralized, fully scalable and is super secure.
Stay Safe, Stay Tuned
Thank you!!
For more details, visit our website citrus.tech
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Blockchains are often forced to make trade-offs that prevent them from achieving all 3 aspects:
1. Decentralized: creating a blockchain system that does not rely on a central point of control
2. Scalable: the ability for a blockchain system to handle an increasingly growing amount of transactions
3. Secure: the ability of the blockchain system to operate as expected, defend itself from attacks, bugs, and other unforeseen issues
Citrus has all three factors,
It is truly decentralized, fully scalable and is super secure.
Stay Safe, Stay Tuned
Thank you!!
For more details, visit our website citrus.tech
Medium
Citrus Token is a type of digital currency supported by blockchain technology. It functions as a medium of exchange and can also be held as an asset or investment. Decentralization is the major feature and advantage of Citrus Token, as it is not issued by a central authority such as a country’s central bank.
“Hodling” refers to the buy-and-hold strategy. Buy-and-hold investors tend to hold their assets for an extended period to profit from the long-term value appreciation. In contrast, traders are much more active in transactions and seek returns by buying at low prices and selling at high prices.
Stay Safe, Stay Tuned
Thank you!!
For more details, visit our website citrus.tech
Twitter
Instagram
Facebook
Medium
Reddit
“Hodling” refers to the buy-and-hold strategy. Buy-and-hold investors tend to hold their assets for an extended period to profit from the long-term value appreciation. In contrast, traders are much more active in transactions and seek returns by buying at low prices and selling at high prices.
Stay Safe, Stay Tuned
Thank you!!
For more details, visit our website citrus.tech
Medium
May this year bring new happiness, new goals, new achievements, and a lot of new inspirations to your life.
Wishing every day of the new year to be filled with success, happiness, and prosperity for you.
Here's wishing you all the joy of the season.
Have a Happy New Year!🎉🥳
Stay Safe, Stay Tuned
Thank you!!
For more details, visit our website citrus.tech
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Wishing every day of the new year to be filled with success, happiness, and prosperity for you.
Here's wishing you all the joy of the season.
Have a Happy New Year!🎉🥳
Stay Safe, Stay Tuned
Thank you!!
For more details, visit our website citrus.tech
Medium
An ideal store of value will be:
Durable: The good must not be perishable or easily destroyed. Thus wheat is not an ideal store of value
*
Portable: The good must be easy to transport and store, making it possible to secure it against loss or theft and allowing it to facilitate long-distance trade.
*
Fungible: One specimen of the good should be interchangeable with another of equal quantity. Without fungibility, the coincidence of wants problem remains unsolved. Thus gold is better than diamonds, which are irregular in shape and quality.
*
Verifiable: Easy verification increases the confidence of its recipient in trade and increases the likelihood a trade will be consummated.
*
Divisible: The good must be easy to subdivide.
*
Scarce: The good must not be abundant or easy to either obtain or produce in quantity. Scarcity is perhaps the most important attribute of a store of value as it taps into the innate human desire to collect that which is rare. It is the source of the original value of the store of value.
*
Established history: the longer the good is perceived to have been valuable by society, the greater its appeal as a store of value.
*
Censorship-resistant: That is, how difficult is it for an external party such as a corporation or state to prevent the owner of the good from keeping and using it.
Stay Safe, Stay Tuned
Thank you!!
For more details, visit our website citrus.tech
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Facebook
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Durable: The good must not be perishable or easily destroyed. Thus wheat is not an ideal store of value
*
Portable: The good must be easy to transport and store, making it possible to secure it against loss or theft and allowing it to facilitate long-distance trade.
*
Fungible: One specimen of the good should be interchangeable with another of equal quantity. Without fungibility, the coincidence of wants problem remains unsolved. Thus gold is better than diamonds, which are irregular in shape and quality.
*
Verifiable: Easy verification increases the confidence of its recipient in trade and increases the likelihood a trade will be consummated.
*
Divisible: The good must be easy to subdivide.
*
Scarce: The good must not be abundant or easy to either obtain or produce in quantity. Scarcity is perhaps the most important attribute of a store of value as it taps into the innate human desire to collect that which is rare. It is the source of the original value of the store of value.
*
Established history: the longer the good is perceived to have been valuable by society, the greater its appeal as a store of value.
*
Censorship-resistant: That is, how difficult is it for an external party such as a corporation or state to prevent the owner of the good from keeping and using it.
Stay Safe, Stay Tuned
Thank you!!
For more details, visit our website citrus.tech
Medium
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Will you be moving from traditional investments to new alternatives in 2022?
Then NFTs should be your ideal choice. 🚀
Here are some reasons to invest in NFTs.👇
1) High returns
2) Utility Benefits
3) Creates Value for the Tokenized Asset
4) Ownership of the artwork
5) A Support to the Artist Community
Let us know in the comments if you are looking for NFT investment tips.👇
Disclaimer: Any reference to an investment’s past or potential performance is not, and should not be construed as, a recommendation or as a guarantee of any specific outcome or profit.
Stay Safe, Stay Tuned
Thank you!!
For more information, visit citrus.tech
Twitter
Instagram
Facebook
Medium
Reddit
Then NFTs should be your ideal choice. 🚀
Here are some reasons to invest in NFTs.👇
1) High returns
2) Utility Benefits
3) Creates Value for the Tokenized Asset
4) Ownership of the artwork
5) A Support to the Artist Community
Let us know in the comments if you are looking for NFT investment tips.👇
Disclaimer: Any reference to an investment’s past or potential performance is not, and should not be construed as, a recommendation or as a guarantee of any specific outcome or profit.
Stay Safe, Stay Tuned
Thank you!!
For more information, visit citrus.tech
Medium
Connect your wallet to the marketplace. Most marketplaces have a simple 'Connect wallet' option on the platform.
Browse the marketplace and choose an NFT of your liking. Most marketplaces have an auction system set up for purchasing NFTs; you will need to bid for the NFT you want.
Stay Safe, Stay Tuned
Thank you!!
For more information, visit citrus.tech
Twitter
Instagram
Facebook
Medium
Reddit
Browse the marketplace and choose an NFT of your liking. Most marketplaces have an auction system set up for purchasing NFTs; you will need to bid for the NFT you want.
Stay Safe, Stay Tuned
Thank you!!
For more information, visit citrus.tech
Medium
The technology has been existing for years now but it is the recent years when these began taking a hit.
Not only because of its extravagant techniques of investment but also the power-packed security it provides by making the digital ledger visible to all.
Like any other technology, the internet, for example, took its time to grow up in society. People are always sceptical about accepting changes, especially when it is a huge transformation in the financial sector.
Similarly, the concept of cryptocurrency gradually reached people.
However, NFT technology wasn’t the one to take the time it was accepted by the people instantly they got aware of it. And it is quite visible that at this rate, it is not going to slow down in near future.
Another huge problem that might become a reason to halt these technologies is the environmental impacts happening due to this complex system.
The users are increasing day by day and so the security needs to be intact. This consumes a high amount of energy and natural resources.
Twitter
Instagram
Facebook
Medium
Reddit
Not only because of its extravagant techniques of investment but also the power-packed security it provides by making the digital ledger visible to all.
Like any other technology, the internet, for example, took its time to grow up in society. People are always sceptical about accepting changes, especially when it is a huge transformation in the financial sector.
Similarly, the concept of cryptocurrency gradually reached people.
However, NFT technology wasn’t the one to take the time it was accepted by the people instantly they got aware of it. And it is quite visible that at this rate, it is not going to slow down in near future.
Another huge problem that might become a reason to halt these technologies is the environmental impacts happening due to this complex system.
The users are increasing day by day and so the security needs to be intact. This consumes a high amount of energy and natural resources.
Medium