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      "body": "<div class=\"text-justify\">\n\n\n<center>![IMG_20200604_165243.jpg](https://images.hive.blog/DQmYnPsY7DFA67dCWdQDhcGMtetcsUF3wEgqZSk2DxT3Tnp/IMG_20200604_165243.jpg)</center>\n\n\n**CoinMarketCap** (CMC) is a website that displays cryptocurrencies market cap rankings, charts, and more. The goal is to bring cryptocurrency to full light and make it effective by encouraging users to make their own intelligent choices with impartial, high-quality, and reliable information.\nCoinMarketCap was founded in May 2013, and it has steadily developed into the most reliable platform for crypto enthusiasts, organizations and media outlets to evaluate thousands of crypto assets. Their database monitors the capitalization of different cryptocurrencies. Like the current volume of coins/tokens in circulation, the trade volume of the last 24hrs, list of each coin/token's price and market capitalization. \nThe website contains an event calendar, crypto glossary, historical snapshots, crypto glossary, currency converter calculator, API service, and watch list for users to customize. It also offers a separate ticker widget with cryptocurrency prices for other sites. CoinMarketCap aggregates cryptocurrency prices and calculates price averages shown to users.\n\n# What is Cryptocurrency?\nBefore we delve further into the analysis of CoinMarketCap, it would be interesting and necessary to educate newbies and interested oldbies on what cryptocurrency is.\nCryptocurrency is a digital or virtual currency safeguarded by cryptography that makes counterfeiting or double-spending almost impossible. One key feature of cryptocurrencies is that they are not imposed upon by a central authority, making them conceivably resistant to manipulation or interference by the government.\nThe CoinMarketCap websites display information on both coin and tokens. The difference between a coin and a token is that a coin has its blockchain, which means it can operate on its own while a token operates under the coin’s blockchain.\n\n# Features of CoinMarketCap\nThe cool features of CoinMarketCap include:\n**Market:** CMC displays a list of cryptocurrency exchanges where you can make transactions. It doesn’t consist of every exchange available but only those linked to the website and updated periodically as the site pleases.\nIt is advised to only use exchanges listed on CMC as they have passed through security processes to be advertised on the platform. To get your exchange listed on CoinMarketCap, you have to follow the listing criteria which can be found [**HERE**](https://coinmarketcap.com/methodology/#listings-criteria).\n**Charts:** Chart featuring the average value of a coin/token is displayed for users on CoinMarketCap. The price of a coin displayed is calculated using data gotten from each coin’s site. It is important to note that these prices aren’t static since cryptocurrencies are volatile in nature.\n**Social:** On CoinMarketCap, you will find a collection of current social network records which includes cryptocurrency research. To grasp the causes behind the market change and not resort to unnecessary guesses and risks, it is incredibly helpful for a cryptocurrency trader to check the platform at the time of a price increase or sudden decline.\n**Historical Data:** This contains record quotes that are processed by time intervals. The details found here can be helpful when you desire to check the connection between different cryptocurrencies.\n**Tools:** Here you will get a free widget of the website which shows the latest information of a token. It is found on the right side of the site.\n**Rankings:** Listing and ranking of coins and exchanges on CoinMarketCap are of utmost importance and with the platform's worldwide popularity, every project would love to be listed and ranked high on it, which of course some key factors are considered before this could occur. These factors are explained in another section of this article.\n\n\n![image1.jpg](https://images.hive.blog/DQmQxavZXctpuC1XAJ77zNKRfxXYYPsdkfHHaWB3sHGwSz5/image1.jpg)\n\n\nSince 2018, many exchanges resorted to inflating their trading volume to rank high on CoinMarketCap until recently. Improving on their previous ranking system released earlier late last month, CoinMarketCap has released a ranking system that is legitimate and traders can confidently make the right choices.\nGenerally, achieving high volumes without a sufficient number of traders and a liquid market is impossible in a retail-driven cryptocurrency trading market.\nCoinMarketCap aims to accomplish two key objectives, which are:\n* Use a combination of Liquidity Score, Reported Volume, and Web Traffic Factor to rank market pairs of all crypto assets.\n* Enhance the level of user's confidence by releasing an accurate Reported Volume of an exchange.\n \nRanking of market pairs would be performed taking into consideration the key variables of Web Traffic, Reported Volume, and Liquidity Score.  The algorithm takes all of these variables as parameters into a machine learning model, and ranks market pairs automatically, depending on the complex weights attached to each of these variables. For each cryptocurrency, the top market pairs would be those with the maximum average Web Traffic, Reported Volume, and Liquidity Score, rather than strictly being measured on just Reported Volume.\nThis set of variables is intended to provide more details of each market pair, reasonably determined by an automated machine learning algorithm, helping users make better choices when it comes to handling their assets.\nFor exchanges, it is now almost impossible to report fake volumes as liquidity of all market pairs is reported using Liquidity Score and the number of traders on an exchange is estimated using Web Traffic Factor. The estimated volumes help spot anomalies where exchanges disclose higher volumes than predicted by the model that in turn assists [**CoinMarketCap**](https://coinmarketcap.com/) to flag the perpetrators appropriately with their Confidence indicator.\nThe Confidence indicator is classified into three bands:\nHigh: > 75%\nModerate: 50% - 75%\nLow: < 50%\n# Mobile App of CoinMarketCap\nOn April 16th, 2019, CoinMarketCap launched its application for both Android and iOS devices. It was described as the most powerful app in the crypto space. It allows users to sort the name, price, or price percentage of a coin within 24 hours, through the coin market cap ranking, and you can search for different tokens. \nBesides price tracking, users can also set up the app to alert them of price updates. Users will be notified when their price target has been reached, allowing them to make more effective and rational decisions about their investments in cryptocurrency. CMC indicated that the notifications may be configured for any cryptocurrencies of over 2000 cryptocurrencies on the platform. \nThe app also has a feature that allows users to convert particular crypto to another e.g crypto to fiat. Conversions may be done using the available price converter on CMC.\n# CoinMarketCap Chat\nCoinMarketCap at some point decided to bring their community together by creating a chat function. Their chat is more unique than the normal messenger such as WhatsApp, Twitter, or even Telegram. Every CMC's top 100 coins have its channel. The most notable thing about this chat is that the channels are only open for conversation if there is a significant price change and it lasts for 24 hours.\nFor example, if Bitcoin experienced a significant rise in price, let's say past $11,000, the Bitcoin chat opens up for interested users to share ideas or technical analysis on the market and after the 24hour mark, the chat closes.\nTo be able to chat on the CoinMarketCap, you must first create an account with them. To create an account, look to the upper right-hand side of the page and click on the Sign up button as seen below.\n\n\n![Capture.JPG](https://images.hive.blog/DQmTHNyhUzPWUayU5B1AqAc3qDDz5PswrZwr6VvjMp1t6hP/Capture.JPG)\nCMC plans on improving its chat network beyond just CMC users. They plan to hold an \"Ask Me Anything\" program with some crypto intellects on their chat. This will provide coin founders and developers room to share their ideas with the CMC community.\n\n# Conclusion\nCMC is referenced as the number one platform for tracking the prices of cryptocurrencies worldwide. Its mission of popularizing cryptocurrency and providing interested users with detailed information on what they did and why they need it is most appreciated in the crypto space. \nCMC is not a regulatory body but they do invite and encourage the user community to submit a request for their team to investigate whatever issue they have. Users can provide any evidence they have supporting their perspective. As it stand, CoinMarketCap got an excellent score from me when it comes to their user experience as the platform has always wow my expectations. It won’t be a bad idea that everyone in the crypto space explore this platform the more to understand it better.\n</div>\n\nTo submit a request, log in [**HERE**](https://support.coinmarketcap.com/hc/en-us/requests/new?ticket_form_id=360000562051)\n\nUseful Links:\n[**Official Website**](https://coinmarketcap.com/)\n[**CMC Chat**](https://coinmarketcap.com/chat/)\n[**Twitter**](https://twitter.com/CoinMarketCap)\n[**Telegram**](https://t.me/CoinMarketCap)\n[**Instagram**](https://www.instagram.com/coinmarketcap/)",
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      "body": "<div class=\"text-justify\">\n\n**CoinMarketCap** (CMC) is a website that displays cryptocurrencies market cap rankings, charts, and more. The goal is to bring cryptocurrency to full light and make it effective by encouraging users to make their own intelligent choices with impartial, high-quality, and reliable information.\nCoinMarketCap was founded in May 2013, and it has steadily developed into the most reliable platform for crypto enthusiasts, organizations and media outlets to evaluate thousands of crypto assets. Their database monitors the capitalization of different cryptocurrencies. Like the current volume of coins/tokens in circulation, the trade volume of the last 24hrs, list of each coin/token's price and market capitalization. \nThe website contains an event calendar, crypto glossary, historical snapshots, crypto glossary, currency converter calculator, API service, and watch list for users to customize. It also offers a separate ticker widget with cryptocurrency prices for other sites. CoinMarketCap aggregates cryptocurrency prices and calculates price averages shown to users.\n\n# What is Cryptocurrency?\nBefore we delve further into the analysis of CoinMarketCap, it would be interesting and necessary to educate newbies and interested oldbies on what cryptocurrency is.\nCryptocurrency is a digital or virtual currency safeguarded by cryptography that makes counterfeiting or double-spending almost impossible. One key feature of cryptocurrencies is that they are not imposed upon by a central authority, making them conceivably resistant to manipulation or interference by the government.\nThe CoinMarketCap websites display information on both coin and tokens. The difference between a coin and a token is that a coin has its blockchain, which means it can operate on its own while a token operates under the coin’s blockchain.\n\n# Features of CoinMarketCap\nThe cool features of CoinMarketCap include:\n**Market:** CMC displays a list of cryptocurrency exchanges where you can make transactions. It doesn’t consist of every exchange available but only those linked to the website and updated periodically as the site pleases.\nIt is advised to only use exchanges listed on CMC as they have passed through security processes to be advertised on the platform. To get your exchange listed on CoinMarketCap, you have to follow the listing criteria which can be found [**HERE**](https://coinmarketcap.com/methodology/#listings-criteria).\n**Charts:** Chart featuring the average value of a coin/token is displayed for users on CoinMarketCap. The price of a coin displayed is calculated using data gotten from each coin’s site. It is important to note that these prices aren’t static since cryptocurrencies are volatile in nature.\n**Social:** On CoinMarketCap, you will find a collection of current social network records which includes cryptocurrency research. To grasp the causes behind the market change and not resort to unnecessary guesses and risks, it is incredibly helpful for a cryptocurrency trader to check the platform at the time of a price increase or sudden decline.\n**Historical Data:** This contains record quotes that are processed by time intervals. The details found here can be helpful when you desire to check the connection between different cryptocurrencies.\n**Tools:** Here you will get a free widget of the website which shows the latest information of a token. It is found on the right side of the site.\n**Rankings:** Listing and ranking of coins and exchanges on CoinMarketCap are of utmost importance and with the platform's worldwide popularity, every project would love to be listed and ranked high on it, which of course some key factors are considered before this could occur. These factors are explained in another section of this article.\n\nSince 2018, many exchanges resorted to inflating their trading volume to rank high on CoinMarketCap until recently. Improving on their previous ranking system released earlier late last month, CoinMarketCap has released a ranking system that is legitimate and traders can confidently make the right choices.\nGenerally, achieving high volumes without a sufficient number of traders and a liquid market is impossible in a retail-driven cryptocurrency trading market.\nCoinMarketCap aims to accomplish two key objectives, which are:\n* Use a combination of Liquidity Score, Reported Volume, and Web Traffic Factor to rank market pairs of all crypto assets.\n* Enhance the level of user's confidence by releasing an accurate Reported Volume of an exchange.\n \nRanking of market pairs would be performed taking into consideration the key variables of Web Traffic, Reported Volume, and Liquidity Score.  The algorithm takes all of these variables as parameters into a machine learning model, and ranks market pairs automatically, depending on the complex weights attached to each of these variables. For each cryptocurrency, the top market pairs would be those with the maximum average Web Traffic, Reported Volume, and Liquidity Score, rather than strictly being measured on just Reported Volume.\nThis set of variables is intended to provide more details of each market pair, reasonably determined by an automated machine learning algorithm, helping users make better choices when it comes to handling their assets.\nFor exchanges, it is now almost impossible to report fake volumes as liquidity of all market pairs is reported using Liquidity Score and the number of traders on an exchange is estimated using Web Traffic Factor. The estimated volumes help spot anomalies where exchanges disclose higher volumes than predicted by the model that in turn assists [**CoinMarketCap**](https://coinmarketcap.com/) to flag the perpetrators appropriately with their Confidence indicator.\nThe Confidence indicator is classified into three bands:\nHigh: > 75%\nModerate: 50% - 75%\nLow: < 50%\n# Mobile App of CoinMarketCap\nOn April 16th, 2019, CoinMarketCap launched its application for both Android and iOS devices. It was described as the most powerful app in the crypto space. It allows users to sort the name, price, or price percentage of a coin within 24 hours, through the coin market cap ranking, and you can search for different tokens. \nBesides price tracking, users can also set up the app to alert them of price updates. Users will be notified when their price target has been reached, allowing them to make more effective and rational decisions about their investments in cryptocurrency. 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The most notable thing about this chat is that the channels are only open for conversation if there is a significant price change and it lasts for 24 hours.\nFor example, if Bitcoin experienced a significant rise in price, let's say past $11,000, the Bitcoin chat opens up for interested users to share ideas or technical analysis on the market and after the 24hour mark, the chat closes.\nTo be able to chat on the CoinMarketCap, you must first create an account with them. To create an account, look to the upper right-hand side of the page and click on the Sign up button.\nCMC plans on improving its chat network beyond just CMC users. They plan to hold an \"Ask Me Anything\" program with some crypto intellects on their chat. This will provide coin founders and developers room to share their ideas with the CMC community.\n\n# Conclusion\nCMC is referenced as the number one platform for tracking the prices of cryptocurrencies worldwide. 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      "body": "<div class=\"text-justify\">\n**CoinMarketCap** (CMC) is a website that displays cryptocurrencies market cap rankings, charts, and more. The goal is to bring cryptocurrency to full light and make it effective by encouraging users to make their own intelligent choices with impartial, high-quality, and reliable information.\nCoinMarketCap was founded in May 2013, and it has steadily developed into the most reliable platform for crypto enthusiasts, organizations and media outlets to evaluate thousands of crypto assets. Their database monitors the capitalization of different cryptocurrencies. Like the current volume of coins/tokens in circulation, the trade volume of the last 24hrs, list of each coin/token's price and market capitalization. \nThe website contains an event calendar, crypto glossary, historical snapshots, crypto glossary, currency converter calculator, API service, and watch list for users to customize. It also offers a separate ticker widget with cryptocurrency prices for other sites. CoinMarketCap aggregates cryptocurrency prices and calculates price averages shown to users.\n\n# What is Cryptocurrency?\nBefore we delve further into the analysis of CoinMarketCap, it would be interesting and necessary to educate newbies and interested oldbies on what cryptocurrency is.\nCryptocurrency is a digital or virtual currency safeguarded by cryptography that makes counterfeiting or double-spending almost impossible. One key feature of cryptocurrencies is that they are not imposed upon by a central authority, making them conceivably resistant to manipulation or interference by the government.\nThe CoinMarketCap websites display information on both coin and tokens. The difference between a coin and a token is that a coin has its blockchain, which means it can operate on its own while a token operates under the coin’s blockchain.\n\n# Features of CoinMarketCap\nThe cool features of CoinMarketCap include:\n**Market:** CMC displays a list of cryptocurrency exchanges where you can make transactions. It doesn’t consist of every exchange available but only those linked to the website and updated periodically as the site pleases.\nIt is advised to only use exchanges listed on CMC as they have passed through security processes to be advertised on the platform. To get your exchange listed on CoinMarketCap, you have to follow the listing criteria which can be found [**HERE**](https://coinmarketcap.com/methodology/#listings-criteria).\n**Charts:** Chart featuring the average value of a coin/token is displayed for users on CoinMarketCap. The price of a coin displayed is calculated using data gotten from each coin’s site. It is important to note that these prices aren’t static since cryptocurrencies are volatile in nature.\n**Social:** On CoinMarketCap, you will find a collection of current social network records which includes cryptocurrency research. To grasp the causes behind the market change and not resort to unnecessary guesses and risks, it is incredibly helpful for a cryptocurrency trader to check the platform at the time of a price increase or sudden decline.\n**Historical Data:** This contains record quotes that are processed by time intervals. The details found here can be helpful when you desire to check the connection between different cryptocurrencies.\n**Tools:** Here you will get a free widget of the website which shows the latest information of a token. It is found on the right side of the site.\n**Rankings:** Listing and ranking of coins and exchanges on CoinMarketCap are of utmost importance and with the platform's worldwide popularity, every project would love to be listed and ranked high on it, which of course some key factors are considered before this could occur. These factors are explained in another section of this article.\n\nSince 2018, many exchanges resorted to inflating their trading volume to rank high on CoinMarketCap until recently. Improving on their previous ranking system released earlier late last month, CoinMarketCap has released a ranking system that is legitimate and traders can confidently make the right choices.\nGenerally, achieving high volumes without a sufficient number of traders and a liquid market is impossible in a retail-driven cryptocurrency trading market.\nCoinMarketCap aims to accomplish two key objectives, which are:\n* Use a combination of Liquidity Score, Reported Volume, and Web Traffic Factor to rank market pairs of all crypto assets.\n* Enhance the level of user's confidence by releasing an accurate Reported Volume of an exchange.\n \nRanking of market pairs would be performed taking into consideration the key variables of Web Traffic, Reported Volume, and Liquidity Score.  The algorithm takes all of these variables as parameters into a machine learning model, and ranks market pairs automatically, depending on the complex weights attached to each of these variables. For each cryptocurrency, the top market pairs would be those with the maximum average Web Traffic, Reported Volume, and Liquidity Score, rather than strictly being measured on just Reported Volume.\nThis set of variables is intended to provide more details of each market pair, reasonably determined by an automated machine learning algorithm, helping users make better choices when it comes to handling their assets.\nFor exchanges, it is now almost impossible to report fake volumes as liquidity of all market pairs is reported using Liquidity Score and the number of traders on an exchange is estimated using Web Traffic Factor. The estimated volumes help spot anomalies where exchanges disclose higher volumes than predicted by the model that in turn assists [**CoinMarketCap**](https://coinmarketcap.com/) to flag the perpetrators appropriately with their Confidence indicator.\nThe Confidence indicator is classified into three bands:\nHigh: > 75%\nModerate: 50% - 75%\nLow: < 50%\n# Mobile App of CoinMarketCap\nOn April 16th, 2019, CoinMarketCap launched its application for both Android and iOS devices. It was described as the most powerful app in the crypto space. It allows users to sort the name, price, or price percentage of a coin within 24 hours, through the coin market cap ranking, and you can search for different tokens. \nBesides price tracking, users can also set up the app to alert them of price updates. Users will be notified when their price target has been reached, allowing them to make more effective and rational decisions about their investments in cryptocurrency. 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      "body": "<div class=\"text-justify\">\n**CoinMarketCap** (CMC) is a website that displays cryptocurrencies market cap rankings, charts, and more. The goal is to bring cryptocurrency to full light and make it effective by encouraging users to make their own intelligent choices with impartial, high-quality, and reliable information.\nCoinMarketCap was founded in May 2013, and it has steadily developed into the most reliable platform for crypto enthusiasts, organizations and media outlets to evaluate thousands of crypto assets. Their database monitors the capitalization of different cryptocurrencies. Like the current volume of coins/tokens in circulation, the trade volume of the last 24hrs, list of each coin/token's price and market capitalization. \nThe website contains an event calendar, crypto glossary, historical snapshots, crypto glossary, currency converter calculator, API service, and watch list for users to customize. It also offers a separate ticker widget with cryptocurrency prices for other sites. CoinMarketCap aggregates cryptocurrency prices and calculates price averages shown to users.\n\n# What is Cryptocurrency?\nBefore we delve further into the analysis of CoinMarketCap, it would be interesting and necessary to educate newbies and interested oldbies on what cryptocurrency is.\nCryptocurrency is a digital or virtual currency safeguarded by cryptography that makes counterfeiting or double-spending almost impossible. One key feature of cryptocurrencies is that they are not imposed upon by a central authority, making them conceivably resistant to manipulation or interference by the government.\nThe CoinMarketCap websites display information on both coin and tokens. The difference between a coin and a token is that a coin has its blockchain, which means it can operate on its own while a token operates under the coin’s blockchain.\n\n# Features of CoinMarketCap\nThe cool features of CoinMarketCap include:\n**Market:** CMC displays a list of cryptocurrency exchanges where you can make transactions. It doesn’t consist of every exchange available but only those linked to the website and updated periodically as the site pleases.\nIt is advised to only use exchanges listed on CMC as they have passed through security processes to be advertised on the platform. To get your exchange listed on CoinMarketCap, you have to follow the listing criteria which can be found [**HERE**](https://coinmarketcap.com/methodology/#listings-criteria).\n**Charts:** Chart featuring the average value of a coin/token is displayed for users on CoinMarketCap. The price of a coin displayed is calculated using data gotten from each coin’s site. It is important to note that these prices aren’t static since cryptocurrencies are volatile in nature.\n**Social:** On CoinMarketCap, you will find a collection of current social network records which includes cryptocurrency research. To grasp the causes behind the market change and not resort to unnecessary guesses and risks, it is incredibly helpful for a cryptocurrency trader to check the platform at the time of a price increase or sudden decline.\n**Historical Data:** This contains record quotes that are processed by time intervals. The details found here can be helpful when you desire to check the connection between different cryptocurrencies.\n**Tools:** Here you will get a free widget of the website which shows the latest information of a token. It is found on the right side of the site.\n**Rankings:** Listing and ranking of coins and exchanges on CoinMarketCap are of utmost importance and with the platform's worldwide popularity, every project would love to be listed and ranked high on it, which of course some key factors are considered before this could occur. These factors are explained in another section of this article.\n\nSince 2018, many exchanges resorted to inflating their trading volume to rank high on CoinMarketCap until recently. Improving on their previous ranking system released earlier late last month, CoinMarketCap has released a ranking system that is legitimate and traders can confidently make the right choices.\nGenerally, achieving high volumes without a sufficient number of traders and a liquid market is impossible in a retail-driven cryptocurrency trading market.\nCoinMarketCap aims to accomplish two key objectives, which are:\n* Use a combination of Liquidity Score, Reported Volume, and Web Traffic Factor to rank market pairs of all crypto assets.\n* Enhance the level of user's confidence by releasing an accurate Reported Volume of an exchange.\n \nRanking of market pairs would be performed taking into consideration the key variables of Web Traffic, Reported Volume, and Liquidity Score.  The algorithm takes all of these variables as parameters into a machine learning model, and ranks market pairs automatically, depending on the complex weights attached to each of these variables. For each cryptocurrency, the top market pairs would be those with the maximum average Web Traffic, Reported Volume, and Liquidity Score, rather than strictly being measured on just Reported Volume.\nThis set of variables is intended to provide more details of each market pair, reasonably determined by an automated machine learning algorithm, helping users make better choices when it comes to handling their assets.\nFor exchanges, it is now almost impossible to report fake volumes as liquidity of all market pairs is reported using Liquidity Score and the number of traders on an exchange is estimated using Web Traffic Factor. The estimated volumes help spot anomalies where exchanges disclose higher volumes than predicted by the model that in turn assists [**CoinMarketCap**](https://coinmarketcap.com/) to flag the perpetrators appropriately with their Confidence indicator.\nThe Confidence indicator is classified into three bands:\nHigh: > 75%\nModerate: 50% - 75%\nLow: < 50%\n# Mobile App of CoinMarketCap\nOn April 16th, 2019, CoinMarketCap launched its application for both Android and iOS devices. It was described as the most powerful app in the crypto space. It allows users to sort the name, price, or price percentage of a coin within 24 hours, through the coin market cap ranking, and you can search for different tokens. \nBesides price tracking, users can also set up the app to alert them of price updates. Users will be notified when their price target has been reached, allowing them to make more effective and rational decisions about their investments in cryptocurrency. CMC indicated that the notifications may be configured for any cryptocurrencies of over 2000 cryptocurrencies on the platform. \nThe app also has a feature that allows users to convert particular crypto to another e.g crypto to fiat. Conversions may be done using the available price converter on CMC.\n# CoinMarketCap Chat\nCoinMarketCap at some point decided to bring their community together by creating a chat function. Their chat is more unique than the normal messenger such as WhatsApp, Twitter, or even Telegram. Every CMC's top 100 coins have its channel. The most notable thing about this chat is that the channels are only open for conversation if there is a significant price change and it lasts for 24 hours.\nFor example, if Bitcoin experienced a significant rise in price, let's say past $11,000, the Bitcoin chat opens up for interested users to share ideas or technical analysis on the market and after the 24hour mark, the chat closes.\nTo be able to chat on the CoinMarketCap, you must first create an account with them. To create an account, look to the upper right-hand side of the page and click on the Sign up button.\nCMC plans on improving its chat network beyond just CMC users. They plan to hold an \"Ask Me Anything\" program with some crypto intellects on their chat. This will provide coin founders and developers room to share their ideas with the CMC community.\n\n# Conclusion\nCMC is referenced as the number one platform for tracking the prices of cryptocurrencies worldwide. Its mission of popularizing cryptocurrency and providing interested users with detailed information on what they did and why they need it is most appreciated in the crypto space. \nCMC is not a regulatory body but they do invite and encourage the user community to submit a request for their team to investigate whatever issue they have. Users can provide any evidence they have supporting their perspective. As it stand, CoinMarketCap got an excellent score from me when it comes to their user experience as the platform has always wow my expectations. It won’t be a bad idea that everyone in the crypto space explore this platform the more to understand it better.\n</div>\nTo submit a request, log in HERE: https://support.coinmarketcap.com/hc/en-us/requests/new?ticket_form_id=360000562051\n\nUseful Links:\n[**Official Website**](https://coinmarketcap.com/)\n[**CMC Chat**](https://coinmarketcap.com/chat/)\n[**Twitter**](https://twitter.com/CoinMarketCap)\n[**Telegram**](https://t.me/CoinMarketCap)",
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      "body": "![Algorand_web.png](https://images.hive.blog/DQmUwgxzKgN8K4MhTnr2xApd6QcQQAtWc1inZJhCy8aFUQA/Algorand_web.png)\n\n\nAs a blockchain enthusiast, you must have come across Algorand, as it is currently one of the most evolving projects in the crypto space. Algorand is a decentralized blockchain with the primary aim of enabling a limitless economy by developing sophisticated solutions. Algorand is solving virtually every problem using the blockchain technology while taking control of the blockchain trilemma issues being Scalability, Security, and Decentralization. A newbie to the crypto space might be wondering what a blockchain is. Below is the simple explanation of blockchain and what it represents.\n \n**What is Blockchain?**\nBlockchain just as its name implies is made up of multiple blocks bunched together. It works in such a way that when a block stores fresh data, it is incorporated into the blockchain. It operates as a global computer and not controlled by a single organization. It's made up of multiple autonomous computers interacting on the network.\nFurthermore, blockchain involves a continuous updating of assets by recording them individually and it keeps a decentralized database of every activity that occurs on the network in a transparent way.\nThe decentralization is one of the major positive reasons behind the massive adoption of blockchain as it goes against the centralization policies of fiat by governments. However, not every blockchain network offers the full decentralization that blockchain promises. Many cryptocurrencies out there don’t fulfil the overall tendencies of blockchain but Algorand is trending today because it doesn’t just offer full decentralization alone but adds security and scalability to it.\n \n\n![blockchain-trilemmacc4.png](https://images.hive.blog/DQmRuu1tjdfEaPJy3GzKYJpmTc3tLFyBU6bPgz2NJ1wRaQ5/blockchain-trilemmacc4.png)\n[image source]( https://www.cryptocompare.com/coins/guides/what-is-the-blockchain-trilemma/)\n\n# Decentralization on Algorand\nThe Algorand Foundation is fully focused on making Algorand a fully decentralized blockchain both in its voting power and distribution of nodes. Its Relay and Participation Nodes remain public and unregulated. A variety of organizations from a wide range of technical and institutional backgrounds through several countries and continents have leveraged the network.\nThe Algorand incorporation resolved to place just part of its overall stake online in the beginning phases of the Algorand blockchain, so as not to have a centralizing status while still providing resilience to network attacks. These steps were taken to ensure that the [**Algorand**](https://algorand.com) network achieves its objective of true decentralization in the fastest and safest way possible.\n \n# Scalability on Algorand\nAlgorand’s public chain confirms transactions with latency in the order of one minute while being scaled to many users. Algorand ensures users can never have differing views on verified transactions, except when any of the users are fraudulent and the network is partitioned temporarily. By contrast, most cryptocurrency projects only allow temporary forks and by so doing, require a long time to confirm transactions, like an hour.\nSince the Algorand protocol utilizes pure proof of stake to select a small set of block proposers and validators randomly, reaching a consensus on the next block, users need only obtain a fixed amount of messages. What this is telling us is that Algorand's consensus protocol does not expect users to solve cryptographic puzzles in order to propose or verify blocks, unlike Bitcoin's proof-of-work protocols. In Bitcoin, this computation is wasted effort, and if further computing power is directed into mining, the fundamental puzzles have to be made tougher to sustain the required block generation rate, thereby increasing computational loss without enhancing the blockchain efficiency.\nHowever, the computational expenses faced by a single user in the Algorand protocol just requires the generation and verification of signatures with basic counting operations. Cost varies depending on the number of users selected per block, which is constant and not affected by the size of the entire network. Hence, scalability is enhanced in the Algorand Ecosystem.\n \n# Security on Algorand\nOne of the major focuses of blockchain projects is the security of the user's funds. A place where users can safely transact, reserve assets of high value, and create trusted business applications. At both consensus protocol level and network level, Algorand retains protection from attacks all while securing user's accounts.\n\n\n![img1.png](https://images.hive.blog/DQmTh6wZPP99mMoVQiRnWX8u5wyEAwAxU6FdwdKRqyqcHpg/img1.png)\n\n\nModern blockchains have constantly come up against a brick wall when it comes to dealing with the trilemma facing blockchain but not Algorand. Several projects have realized what gem of a project Algorand is and are utilizing their network. Some of those projects (use cases) include:\n# 1. Props\nProps network resolved to use the capital realized from their token sale to scale its user network by integrating extra user apps and evolving its infrastructure, as well as a transition from its PropsChain to the Algorand blockchain.\nAlgorand public blockchain is predicted to improve the speed and performance of Props while growing the volume of transactions and also provide a higher security level. This long-term relationship will enable Props and Algorand to work on a possible move of more technological elements within the blockchain world.\n \n# 02. Attestiv\nAttestiv has decided to use Algorand's technology to facilitate digital transformation across the insurance sector, helping to reduce P&C insurance fraud problems that would normally cost billions of dollars to solve. Attestiv's core technology centers on enabling digital media (pictures, videos, and documents), metadata, sensor data, and more to be verified through patent-pending Artificial Intelligence technology at the time of capture or by forensic evaluation.\nIt works in such a way that once media is captured, it becomes unchangeable through a process of \"fingerprinting,\" an exceptional description of the digital media asset, comparable to a human fingerprint, capable of identifying future adjustments. These fingerprints are then stored on the Algorand blockchain in order to ensure that the data has not changed from its original form. \nBy utilizing the Algorand technology, Attestiv will provide a variety of privacy and security solutions that give necessary standards of compliance for regulated businesses. Additionally, Algorand provides Attestiv with a competitive cost pattern that can develop and scale the business.\n \n# 03. RHOVIT\nRHOVIT, a gamified content network, focuses on providing simple and inexpensive crypto-mining, while at the same time creating a better method of monetization for content creators. Built on Algorand and its high standard blockchain technology, RHOVIT will be gaining from its scalability benefits, as well as quality innovation to develop tools and innovative methods for users to mine and earn.\n\n\n![img3.png](https://images.hive.blog/DQmXLiPueU9aCin1as9bb35AWAF93DTsceewWeLpQXtURpn/img3.png)\n\n \n# Conclusion\nDecentralization, Scalability, and Security are the technological obstacles that have been hindering Mainstream blockchains for years and Algorand is eliminating them all. Algorand guarantees unlimited engagement, speed, and security in a fully decentralized network with the completion of blocks in a couple of seconds. In fact, Algorand is the first blockchain to offer users an instant processing of transactions. There is no fork nor uncertainty in the network which is a classical representation of the modern era of a decentralized and borderless economy. At the same time, the basis for this modern revolution is Algorand.\n \n**Get Connected with Algorand!**\n[**Website**](https://www.algorand.com/)     |^|     [**Use Cases**](https://www.algorand.com/use-cases/)     |^|     [**Twitter**](https://twitter.com/Algorand)     |^|    [**Telegram**](https://t.me/algorand)\n# [Read Also: An Introduction To Algorand 2.0 Smart Contracts (Ascs)](https://coinnewsextra.com/an-introduction-to-algorand-2-0-smart-contracts-ascs/)",
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