“Crypto and USDC: Understanding the cup of cryptocurrencies and stable parts”

The cryptocurrency world is a dynamic and rapid development landscape, with new players and projects that appear constantly. One of the most popular stable parts on the market today is the USD (USDC) part, which has reached a significant traction since its introduction in 2018. In this article, we will deal with the world of Crypto, USDC and WLCI (Worldcoin), two treat influential players who are revolutionizing the way we think of money.

What is Stablecoins?

Stable parts are digital currencies that maintain stable value compared to fiduciary currencies like USD. They do it using algorithms to put their value to the real supply of a certain currency such as USDC or BTC. This makes them less volatile and more attractive to investors who are looking for security assets.

USD corner (USDC)

USD Coin is one of the most established stable parts on the market, which was introduced in 2018 by Circle Insights, a Fintech company which offers financial services. The USDC has carried out considerable driving movements since its introduction due to its generalized introduction to various industries, including payments, electronic commerce and health care.

The value of the USDC is classified on the USD, which makes it an attractive capital for investors who wish to diversify their portfolios or their protection against market volatility. With Stablecoin, users can also convert the USDC to competitive exchange rate for other fiduciary currencies.

Worldcoin (WLCI)

Worldcoin is a relatively new actor in the crypto world, which was launched in 2021 by Anthony Di Iorio, a Canadian entrepreneur and philanthrope. WLCI is designed as a decentralized stable part which aims to offer a safe, transparent and friendly platform for digital payments.

Unlike conventional stable parts such as the USDC, WLCI uses a unique consensual salgorithm which has rewarded validators with cryptocurrency tokens to maintain the integrity of the network. This innovative approach makes WLCI more efficient and scalable than other stable parts on the market.

Transaction costs

As with any digital payment system, transaction costs play a decisive role in total costs and the efficiency of transactions. This is how it works:

* Transaction costs : The costs paid by users to send or receive assets in a blockchain network are called transaction costs.

* Network costs : In addition to transaction costs, the Blockchain network itself calculates low costs to maintain its decentralized infrastructure.

The costs of sending and receiving digital assets can be considerably higher than conventional payment methods such as credit cards or bank transfers. However, these costs are a necessary evil in the world of crypto, because developers and minors accumulate to build safe, scalable and efficient blockchain networks.

Comparison of costs

Here is an approximate rupture of the landscape of the transaction base for various cryptocurrencies:

* Bitcoin (BTC) : 0.0005 BTC per transaction

* Ethereum (ETH)

: 0.001 ETH per transaction

* Litecoin (LTC) : 0.004 LTC per transaction

* USD corner (USDC) : negligible transaction costs

As you can see, the costs of sending and receiving digital assets in a blockchain network are relatively low in a blockchain network compared to conventional payment methods.

Diploma

In summary, USD Coin (USDC) and Worldcoin (WLCI) are two influential players who revolutionize the crypto world. The two stable pieces wish to offer a safe, transparent and friendly platform for digital payments with innovative approaches that distinguish them from other cryptocurrencies on the market.

However, it is important to note that transaction costs play a crucial role in total costs and the efficiency of transactions.