Why trade in your cryptocurrency?

The modern concept of cryptocurrency is becoming very popular among traders. Sa to hit a revolutionary idea to the world as a side product of Shi Nakamoto. Decoding cryptocurrency We understand that crypto is something hidden and a means of exchanging currency. It is a type of coin that is used to make and store in block chains. This is done through encryption techniques to control the currency creation and verification of transactions. Bitcoin was the first cryptocurrency to come into existence.

Cryptocurrency is just one part of the ongoing virtual database process in the virtual world. The identity of the real person cannot be determined here. Also, there is no centralized authority that conducts cryptocurrency business. This coin is the equivalent of hard gold stored by people and whose value is expected to increase by leaps and bounds. The electronic system defined by Satoshi is a decentralized one where only miners have the right to make changes by ensuring starting transactions. They are the only human touch provider in the system.

The whole system is based on hard core math and cryptographic puzzles making cryptocurrency fraud impossible. Only those who are able to solve these puzzles can change the database after the impossible. Once confirmed the transaction becomes part of the database or blockchain which cannot then be reversed.

Cryptocurrency is nothing but digital money that is created with the help of coding technology. It is based on a peer-to-peer control system. Let us now understand how one can benefit by trading in this market.

Cannot be reversed or forged: While many people may refute the notion that completed transactions are irreversible, the best thing about cryptocurrency is that once the transaction is confirmed. A new block is added to the blockchain and then the transaction cannot be forged. You own that block.

Online transactions: It not only makes everyone sitting in any part of the world suitable for transactions, but also slows down the processing of transactions. Compared to where you need a third party to come into the picture to buy or take a house or gold, you only need a computer in the case of cryptocurrency and a potential buyer or seller. This idea is simple, fast and full of ROI possibilities

The transaction fee is low: Miners do not charge low or no fees during the transaction as it is taken care of by the network.

Accessibility: The idea is so practical that all people with access to smartphones and laptops can enter the cryptocurrency market and trade on it anytime, anywhere. This accessibility makes it even more enticing. ROI praises that many countries, such as Kenya, have introduced M-Pesa systems that allow bitcoin devices that now allow one in three Kenyans to have a bitcoin wallet with them.

8 Computing solutions at the forefront of the new economy

The past few years have seen new and exciting technologies that promise a more decentralized and secure economy. In this article, I have included some of the key players in this developing market.

1. Golem

Golem is an open-source, decentralized computer network.

How the Golem Works

The Golem Network is a market for computing power, where users can earn money by ‘renting’ their machines or by creating and selling software.

Within the network, computing power rental users are called “suppliers” and power acquiring users are called “requesters”. Applicants use Golem for a variety of purposes, including graphics processing, data analysis, microservices, and machine learning.

Benefits

  • The work division means that tasks can be completed simultaneously, thus enabling shorter deadlines for projects.

  • The cost of doing business is lower than cloud-based services.

  • Users can instantly be paid for their work with a token Golem Network Token (GTM) in the Etherium blockchain.

  • Golem is building their whole stack from bottom to top, a method that usually comes in great UXs.

2. iExec

Aixex is a decentralized market for blockchain-based delivery applications and affordable, high-performance computing-focused cloud services.

iExecc Daps

Unlike Golem, Aixex (after the release of V1) allows anyone to develop and run applications.

There are a variety of apps in the IXX DAP store. Considering the experienced team behind Ajax, their reason for choosing the dop path is probably because there is less competition here. After establishing itself in the decentralized DAP market, IXX plans to expand into decentralized computing operations.

RLC

RLC stands for ‘Run on Lots of Computers’ and is a native token of Ixex. The current ERC-20 has 87 million tokens.

3. Etherium

Etherium is an open source, blockchain-based platform that enables users to create decentralized applications. The calculations are performed in an isolated environment called the Ethereum Virtual Machine, which is located on all nodes connected to the network. The product of the calculations is stored in the blockchain.

Characteristics of Ethereum Blockchain

Ether

Ether is the currency of the Etherium blockchain. Cryptocurrencies ETH (Etherium Hard Fork) and ETC (Etherium Classic) are two values ​​of Ether.

Smart deal

EVM is capable of executing a “smart communication”, an algorithm that saves the terms of the contract and executes it automatically. Both parties to a transaction agree to the terms of the Smart Agreement.

Bitcoin vs. Ethereum platform

The Bitcoin blockchain focuses on a set of pre-defined activities such as tracking bitcoin transactions, while Ethereum allows users to run code of any complexity, making it suitable for any decentralized application, including cryptocurrencies.

Sens reduction mechanism

Computing on an Etherium network costs more and takes longer than a standard computer due to the parallelism of computing. In order to maintain a sense of urgency, all participants must agree on the order in which the transaction took place, whether or not they participated in the transaction.

Ethereum nodes store the most recent status of each smart contract along with ether transactions. EVM As an isolated system, the code runs without access to a network or file system. Thus, smart contracts also have limited accessibility.

4. Hyperlder fabric

Hosted by the Linux Foundation, HyperLeader Fabric is an open source Distributed Laser Technology (DLT) module and configurable architecture that can be deployed at the enterprise level in a variety of industries.

Features of Hyperlder Fabric

Privacy, development and performance

  • The fabric platform enables authorized, private operations where operators know each other and can be bound by rules such as legal contracts.

  • Fabric supports smart contracts written in common languages ​​like Java and Go, so no additional training is required to create smart contracts.

  • Performance has been increased because, unlike Ethereum, only the parties involved in the transaction have to reach the sens reduction.

Fabric node

Also unlike etherium, fabric nodes have different roles and functions in the sensory reduction process. Nodes can be orders, clients or peers.

Native currency

Fabric does not have native cryptocurrency. However the chaincode can be used to develop a local currency.

5. Tendermint

Tendermint has a blockchain compliant engine, known as the tendermind core, and a generic application interface, known as the application blockchain interface (ABCI). The software enables secure and continuous copying of an application on multiple machines.

Tendermint core

The Byzantine Fault Tolerant (BFT) midwear of the Sens minimal engine can safely replicate the state transfer device. BFT can tolerate one-third of failures, including middleware hacking attacks.

Tendermint aimed to provide a more secure and efficient sens reduction algorithm than Bitcoin’s WW (Proof of Work). The software compliant protocol formed the basis of important research by Casper’s team: an error-tolerant discipline such as Tendermint can make good decisions about who makes the block, but a less reliable chain results in chicken and egg problems.

The software is user-friendly, replicates applications written in any language and has multiple applications.

6. Lisk

Lisk is a decentralized and distributed platform that can help users develop applications and assist them with customized blockchains.

Lisk properties

Developers can use Lisk’s JavaScript-based Software Development Kit (SDK) to create both the backend and the front of their application. However, LISC does not provide protection against non-violent behavior. Also, the platform cannot prevent infinite loops and measure memory costs.

Lisk’s sensory reduction mechanism

Lisk asks developers to follow the “rules” for the contract to ensure sensibility. For example, they tell developers to “don’t use math.random ().”

7. Corda (v 3.0)

Corda provides an open source, leader distribution platform (DLT) to the financial industry.

Corder Features

Corder Network is an authorized network – it is not open to all node operators. The nodes are driven into corda and codaps and communicate with each other point-to-point.

The ‘Dorman’ of each network sets access rules for nodes that want to join the network. Like Fabric, Corda provides better privacy by controlling its fine access to records and limiting sens minimization to the parties involved.

In Korda, contract developers also add legal prose to their contracts. This feature integrates the contract with the validity of the relevant legal prose. The platform does not have a native token.

8. Rootstock

Rootstock (RSK) is an open source smart-contract platform built on the Bitcoin blockchain.

Rootstock properties

Smart deal

RSK is enabling smart deals on the bitcoin network. It uses the Turing-Complete Rootstock Virtual Machine (RVM) for smart contracts. A 2-way peg allows users to send Bitcoin directly to the rootstock chain. RSK coins can be used with smart contracts and DAPs. RSK contracts transcribe ‘proof-of-existence’, which is used to prove the existence of a document (or property rights).

Protection

The RSK blockchain has merged-mining, giving it the same level of protection as Bitcoin in terms of settlement finality and double spending.

SBTC

RSK is a seed chain of bitcoin. Bitcoins in the rootstock blockchain are called SBTCs.

RSK is filling the void in the bitcoin network by enabling faster transactions. As well as being convenient for users, it also helps limit bitcoin block sizes.

Blockchain Mite Combat Blood Diamond

My biggest wish for Africa is that we start aggressively solving our own problems using emerging technologies. I strongly believe that the next generation of problem solvers and innovative thinkers are equipped to implement appropriate solutions on this continent. Ideally, these solutions would close the cycle of poverty and corruption.

When it comes to the diamond industry, there is no better time than now to use emerging technology to address the long-running issue of conflict mining. Using blockchains we can eliminate the unethical and forced extraction of diamonds and other precious metals, which are often controlled by rebel forces. According to various research studies, this rebel force can make anywhere from হ 3 million to 6 6 million a year from blood diamonds. The frustrating thing is that forced labor is imposed on young and innocent citizens in countries like DRC, Sierra Leone, Angola, Central African Republic.

These rebel forces could make anywhere from blood diamonds to 3 3 million to 6 6 million a year.
Finding the source of diamonds has never been an easy or straightforward process, and for hundreds of years unscrupulous people have been able to use loofahs to their advantage.

The good news is that advances in technology over the past few decades have introduced better ways of processing information. I believe blockchain technology is an active way of applying transparency and trust in the diamond industry. I will explain how below. (If you are not familiar with technology, this article provides some more background)

One of the leading systems that comes to mind is the trust chain. Unlike many other blockchains, it resists a “51 percent majority attack” because it introduces a third party to each block’s signature. Thereby ensuring ‘proof of evidence’.

A blockchain hacking
If you are wondering what this means, it is related to this popular question; “Are blockchains really un-hackable?”

The fact is, hacking a blockchain is incredibly difficult. Hacking any one block means hacking each previous and next block before the next block is created. It became faster to do this as the discipline of the block increased.

However, this does not mean that a hack is impossible. An individual or group can control hackers if they can hack most of the hash rate on the network to reconsider the transaction history, but this can prevent new transactions from being confirmed in the blockchain. While this type of attack is extremely unlikely and extremely difficult to implement, it is safe to assure that systems such as Trustchain are designed to eliminate this possibility altogether.

Kimberley process improved
The Kimberley Process was implemented by the United Nations in 2000 to combat the conflicting diamond exchange. The problem is that it is still a paper-based solution that relies on certifications and a community of traders. Although the initiative was intended to be good, it does not reduce the likelihood of malicious activity within the trading community. What sets the blockchain apart is that it leaves no room for corruption or bribery by people at any level. Trust is built into the system and transactions are open and transparent. No government or system administrator can change certificates or information randomly. The nature of blockchain architecture is to create a distributive ledger where transactions are recorded over time and secured using advanced cryptography … making it virtually impossible to edit existing data.

Diamond data
Since diamonds have a very unique element to how they were made, each transaction will be equally unique. The transactions will record the unique fingerprint of each stone, including the color, carat and precision of each stone, serial number and how much each stone was sold at each touch-point. We will be able to identify every step of the diamond sale in the blockchain.

Cut off the middle class
Diamond suppliers often rely on several intermediaries to move diamonds around the world. For example, the introduction of this technology to accountants, government officials, lawyers, banks, businessmen, etc. in the industry will mean that intermediaries will play an integral role in the process, leaving no room for error or corruption.

The future is shining brightly like a diamond.
In short, it is clear that diamond blockchains are a major turning point in this industry. Companies like IBM, De Beers, Trustchain and Everldzer jumped on the blockchain bandwagon. If jewelers, individuals and other large corporations follow suit, it could force the conflict mining route to be sidelined. This would drastically reduce their profits by selling blood diamonds, which could later lead to the end of the blood diamond era.

_______________________________________________________________________________

Disclaimer: I am in no way authorized to associate with the companies and entities mentioned in this article. Just keen to solve African relevant issues using blockchain. Below are a few links to the companies mentioned.

References:

Trustchain: https://www.trustchainjewelry.com/
De Beers Blockchain Statement: https://www.debeersgroup.com/en/news/company-news/company-news/de-beers-group-progresses-de development ment-of-first-blockchain-initia.html
IBM on Blockchain: https://www.ibm.com/blogs/think/2018/05/everledger/

Introduction to blockchain technology for beginners

Nowadays, technology is scaling even more new heights of success at an incredibly fast pace. One of the latest victories in this direction is the evolution of blockchain technology. New technology has had a huge impact on the financial sector. In fact, it was originally created for the digital currency – Bitcoin. But now it has found its application in several other things as well.

It was very easy to come so far. However, no one still knows what a blockchain is.

A distribution database

Imagine an electronic spreadsheet that is copied several times across a computer network. Now, imagine the computer network is so smartly designed that it regularly updates the spreadsheets themselves. This is a comprehensive review of blockchain. Blockchain contains information as a shared database. In addition, these databases are constantly matched.

This method has its own advantages. It does not allow storage of databases in a single location. The records contain real public features and can be easily verified. Since there is no centralized version of the records, there is no way for unauthorized users to manipulate and corrupt data. The blockchain distribution database is simultaneously hosted by millions of computers, making the data easily accessible to almost everyone across the virtual web.

To clarify the concept or technology, it is best to discuss Google Docs compatibility.

Google Docs analogy for blockchain

After the advent of email, the usual way to share documents is to send a Microsoft Word Doc as a recipient or attachments to recipients. Recipients will take their sweet time to go through it before returning the revised copy. In this case, one has to wait until the return copy to see the changes made in the document. This is because the sender is locked out from editing until the edit is completed and the document is returned. Contemporary databases do not allow two owners to access the same record at the same time. This is how banks balance their clients or account holders.

In contrast to set practice, Google Docs allows both parties to access the same document at the same time. Additionally, it allows both to view a single version of the document at the same time. Like a shared document, Google Docs acts as a shared document. The distribution part is only relevant when multiple users are involved in sharing. Blockchain technology is an extension of this concept in one direction. However, it is important to note that blockchain documents are not for sharing. Rather it is simply a analogy, which will help to get a clear idea about this cutting-edge technology.

Salient blockchain properties

The blockchain stores blocks of information across the network, which are identical. By this feature:

  • Data or information cannot be controlled by any single, specific entity.
  • There can be no single failure point.
  • The data is kept in a universal network, which ensures perfect transparency in the overall process.
  • The stored data cannot be corrupted.

Blockchain developers claim

As mentioned earlier, blockchain technology has a very high application in the world of finance and banking. According to the World Bank, ২০১ 30.430 billion was transferred to the United States in 2015 alone. Thus, blockchain developers have significant demand in the market.

Blockchain removes the payment of intermediaries in such financial transactions. It was the invention of the GUI (Graphical User Interface) that helped the general public access computers in the form of desktops. Similarly, the Wallet app is the most common GUI for blockchain technology. Users use the wallet to buy their favorite items using Bitcoin or any other cryptocurrency.

Blockchain web hosting

The significant recent rise in the price of Bitcoin has revived the imagination of many investors, but blockchain technology is not just about money. In this article, we take a look at how this revolutionary technology will have a significant impact on classic web hosting services.

The concept of cryptocurrency is not rocket science. In fact, this medium of exchange is no more complex than conventional currency. However, it requires a secure and reliable environment where it can operate and it provides blockchain.

What is a blockchain? There are many misconceptions about this, however, for the purpose of this article, we will only define it as a distributed spreadsheet. We are all familiar with Excel or Open Office spreadsheets, but how the blockchain is distributed is so interesting.

Similar to torrent files, blockchain is a peer-to-peer network where there is no need to ensure trust between the parties. Thanks to modern cryptography, trust team will be maintained at the level of single record instead of hosting.

Okay, so now we understand the basics of the cryptocurrency revolution, but how can we ask, does it affect web hosting services? Basically, in its simplest form it is advisable to sell your services not only in your local currency, but also in Bitcoin and other cryptocurrencies.

But this is not the end of the revolution. Electronic wallets are needed to manage Bitcoin and other digital currencies, and this is a huge potential for conventional web hosting vendors. If your customers have confidence and are hosting their sites, why not host their electronic wallets?

Each activity in cryptocurrency is a de facto transaction between two electronic wallets. Each exchange is maintained through a wallet and you can also provide an interface for your customers to access it. This element is important to fully understand how blockchain can affect your web hosting business.

That said, blockchain is not just about money. The latest versions of its protocol also allow both parties to legislate some sort of agreement, whether it’s just a television subscription or actually some other bill type.

The wallet is thus the key to fully exploiting the potential of the blockchain. Once you understand this, what should be your next steps?

How can blockchain increase your profits in banking?

Every industry is revolutionizing the digital economy by technology and this has led to massive changes. The banking industry is no different. Banks have successfully embraced the future of digitization. We are at the top of a fundamental revolution and still largely unknown. Even people who appreciate the potential of blockchain technology often find it no more expensive than Bitcoin. Once a person digs deeper and understands how blockchain works and its effects they inevitably realize its importance

Blockchain is a distributive sector that maintains a comprehensive and unreliable record of all relevant information related to digital transactions. This allows the transaction to be settled immediately and firmly. Blockchain banking is a blockbuster because it reduces the time it takes to complete a payment and eliminates unnecessary processes. Blockchain technology has the potential to unset the bank. In a world where billions of people do not have access to banks, blockchain technology can have a profound effect. Residents of developing countries with limited access to banking will have the opportunity to create and transact accounts at an international level. This will enable secure and trustworthy transactions between participants without the need for citizen-centered monitoring or any intermediaries.

It is not surprising that financial institutions are exploring the unique capabilities of blockchain. Financial firms can use it to enhance improved insight and transparency of market measures. Blockchain technology can reduce a bank’s infrastructural costs and enable faster processing time. Data management is a big problem in banking, but with the help of blockchain technology banks can store any type of data and only allow access to that data according to predefined rules.

Commercial finance is one of the major areas in banking that could be transformed as a result of blockchain technology. Older processes in the banking sector need to be updated in terms of cost and efficiency. Blockchain is the best platform to bring the party together in secure networks without third parties and by securing every transaction.

Payment, fast transactions or transparency, essential features of blockchain efficiency, cost-effectiveness and secure transactions are some of the reasons for the growing popularity of this technology in financial institutions. The whole system of blockchain technology banking has enough potential to change. But much more needs to be done for financial institutions and residents to be fully aware of the impact and benefits of blockchain. However, there is no doubt that blockchain technology is the key to improving the banking system. The use of this technology can bring many effective benefits to the banking industry.

The Future of Blockchain Technology in the Insurance Industry – Blockchainerge

What is insurance?

Insurance is a method of protection from financial loss. It is a type of risk management, which is mainly used as support against the danger of unforeseen misfortune.

An insurer can make a claim to a misdemeanor or broker and re-submit it to the insurer with the necessary data, if applicable to the insurance insurer, especially the insurer. The claim arrangement is confirmed by receipt from the insurer.

From there, the claimant’s agent may request additional data for the claim through an external source. After this step, when each condition is met, the claim is confirmed, and the installment is initiated through the insurer’s claim agent. Various fraud schemes of insurance are published. Dissemination of insurance plans after divorce, starting with sharing insurance plans. So how does blockchain help in this case?

The future of blockchain technology is seen as the pinnacle of the Fourth Industrial Revolution and a potential disruptor for some companies and businesses, including the insurance sector. Even though the technology is still in its infancy, it has only revealed what it can do: remove tedious case forms and make the cost of printed material, enhanced data protection and additional agencies more efficient.

Blockchain technology recovery:

  • Blockchain is a broad, decentralized advanced record that is reliably up to date and contains a substantial record of exchanges. Blockchain systems are electronically accessible for the purpose of recording anything from physical resources and for all assemblies it includes.

  • At the end of the check process, the block of a transaction is time-stamped and added directly to the blockchain network on a sequential request. The additional block is connected to the previous block and creates a chain of blocks with data for each transaction made in the history of that blockchain.

How blockchain technology can benefit the insurance industry:

The blockchain was familiar to the majority via Bitcoin, but its applications only preceded electronic cash recordings. It can similarly reinforce innovation and hassle change in various industries without money, for example, the model of insurance business. In addition to recording electronic cash and financial transactions, this technology can be part of insurance, healthcare projects.

  • An insurance company basically conducts a series of different processes which include signing an insurance contract. Processes can range from getting an insurance policy, rating a customer, claiming or managing a fraudulent policy.

  • Since blockchain technology then deals with smart contracts, insurance industry experts claim that this technology could potentially change the way insurers treat customers. As the insurance industry relies heavily on data, as in many other industries, blockchain smart contracts can strengthen all or most of the data-related transactions for this industry.

  • In this way, smart contracts can encourage, enforce and enforce the negotiation or implementation of an insurance contract through blockchain technology. Insurance contracts are unpredictable and strictly understood, so smart contracts can strengthen productivity in the chain of insurance honors where time, labor or money is spent to ensure information before the transaction is prepared.

Or

Key issues in the blockchain that affect the insurance industry are:

1. Improve trust:

There is an emergency of confidence in the financial services industry. Despite the fact that big banks are the key issue, the isolation in trust affects all businesses. Lack of confidence, high costs and inefficiency in the insurance business all play a role in the remarkably high level of youth. Blockchain technology encourages customers to build trust because it provides simplicity and transparency.

2. Increase efficiency:

Insurance companies or healthcare providers know how wasteful the information department process is to start coverage or care when making changes. Furthermore, customers have an undeniable fear of losing control over their own information. Blockchain Drive provides an answer for efficiency and security that enables a person to control individual information when enrolling in a blockchain.

3. Increased claims through smart contracts:

Every insured and insurer now has a problem that blockchain and smart contracts can solve. Insured people usually discover insurance contracts long and mysteriously, while insurance companies fight a variety of frauds that are extraordinary. Through blockchain and smart contracts, both will benefit by overseeing claims in a responsive and transparent manner. And it starts with contract recording and confirmation on the blockchain. When a claim is submitted, the blockchain can guarantee that only sufficient valid loan cases will be provided. But when the network finds that multiple cases are submitted to the climate from the same accident, the blockchain can drive the claim installment without any human intervention, thus speeding up the resolution of claims.

4. Fraud detection and prevention:

One of the surest reasons why insurance agencies research blockchain is the ability to detect and prevent counterfeit or illegal activity. Expected 5 to 10 percent fraud in all cases. Blockchain technology is a decentralized store and it is a historical record that can autonomously examine clients, policies and transactions for authenticity. Every insurance agency needs to take a step today to understand how blockchain innovations today and later can affect the way they work together.

This is the way in which blockchain technology will help or participate in any insurance industry in the future. In the event you need to refresh ideas or read the latest news about blockchain and cryptocurrency technology stay tuned with us.

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Blockchain: The next level of protection is level M

What is a blockchain?

Blockchain is the latest trending technology that is emerging nowadays. This is an idea that ensures data security using ‘cryptography’. It is a constantly growing list of records called blocks that contain a cryptographic hash code of the previous block and are internally linked to each other.

“Blockchain is basically an open, distributed digital laser that can efficiently record transactions between two groups in a secure way. It follows a peer-to-peer architecture (decentralized and distributed).”

How Blockchain Ensures the highest level of protection? Or how does it work?

Blockchain can provide the highest degree of protection so it is used to store transaction information. It works in such a way that as soon as the first block is created, each adjacent block in the register uses the hash of the previous block to calculate its own hash. Before adding any new block to the chain, authenticity and uniqueness must be verified by a computational process. And this process also includes the permission and assurance of other blocks that the newly added block has been verified. This process of validity also ensures that all copies of distributable debts will be shared in the same state.

Due to this method of adding hashcodes and checks, the newly added block can be specified in subsequent blocks but cannot be changed. If someone tries to move or block a block, the hashes for the previous and subsequent blocks may also change and disrupt the shared status of the block. Whenever this happens the other computers on the network become aware that a problem has occurred and no new blocks will be added to the chain until the problem is resolved. And then the block that caused the error will be canceled and the whole process of validation will be repeated.

How can blockchain benefit CRM?

Blockchain with CRM software can add really interesting data protection features (options). The integration of CRM with blockchain enables the company to record verified (or verifiable) secured by blockchain technology. Especially if the CRM is cloud based.

That means it can benefit the CRM application by restricting track data access from unwanted sources. Currently, CRM users around the world face duplicate or incorrect data problems. Since blockchain technologies store data in block sizes, it can allow a customer to own a separate block that uniquely presents them and their personal information, related transaction details, and other relevant information.

Blockchain restricts duplicate or risky databases from interfering with the database and therefore it speeds up the CRM process and ensures customer satisfaction.

Why not some other bitcoin

Okay, it’s been an insane 10 years for Bitcoin. Literally more than 10 years later when Bitcoin was first created by Satoshi Nakamoto. Whoever, he, she or they, they had a profound effect on the earth. They undoubtedly predicted that was why they decided to disappear from the limelight.

So more than a decade later, Bitcoin is still alive and well. Despite trying to imitate all the crypto kings, thousands of other cryptocurrencies have appeared. All have failed and will continue to fail. Bitcoin is a type. Something that can’t be copied. If you don’t know, explain to me.

If you don’t know what a bitcoin is, here are a few key points:

  • Bitcoin is an online cryptocurrency rency

  • Its maximum supply is 21 million

  • It cannot be forged

  • Not all coins are in circulation yet

  • It is completely decentralized so no one controls it

  • It cannot be censored

  • This is peer to peer money

  • Anyone can use it

  • Bitcoin has a steady supply which decreases every 4 years

What makes Bitcoin different?

So what makes Bitcoin different from the thousands of other currencies that have since been invented?

When Bitcoin was first discovered it began to spread slowly among a small group. It grew biologically. When people start to see how the price will rise because of the benefits of Bitcoin and its supply, it starts to rise rapidly.

The Bitcoin blockchain is now spread across thousands of computers around the world. It has spread beyond the control of any government. It has lost its creator and now it runs autonomously.

Developers can upgrade and improve the bitcoin network but the whole bitcoin network has to do it with my consent. No single person can control Bitcoin. This is what makes Bitcoin unique and impossible to copy.

There are now thousands of other cryptocurrencies available but I will use Ethereum as an example of what makes Bitcoin different. It is now one of the largest alt coins and was discovered in 2015 by Vitalic Butarin

Vitalic controls the etherium blockchain and makes the final statement about any development that occurs in the etherium.

Censorship and government intervention

For this example, imagine that Iran is sending billions of dollars to North Korea to fund their new nuclear weapons program. This is not a very good situation but you need to show how safe your money is in Bitcoin!

However .. the first example. Iran is using the standard banking system and is transferring this money to North Korea in dollars. The US government says wait a minute, we need to freeze these transactions and confiscate the money .. Easy. They do it directly and the problem is over.

The second example. The same thing happened again, but this time Iran used the Ethereum blockchain to send the money to North Korea. The US government is watching what is happening. A phone call is made.

“Get Vitalic Butarin now”

The U.S. government put “some pressure” on Vitalic, forcing him to return to the blockchain and cancel his dealings with Iran. (When a hacker steals a significant amount of funds, the Etherium blockchain actually comes back).

Problem solving. Unfortunately the credibility of Ethereum will be ruined with its price.

Etherium is just one example, but it is true for every other cryptocurrency.

Bitcoin cannot be stopped

So the same thing happens again. This time Iran will use Bitcoin as their payment method. The US government sees it and is powerless to stop it.

No one to call. There is no one to stress. Bitcoin is out of censorship.

Every other cryptocurrency out there is created by someone or an organization and it is always a point of failure. They are still centralized.

Another example is if Vitalic’s family is taken hostage .. Bitcoin is not out of anything and that is why it is the safest investment on the planet.

Learn how to use Bitcoin

Everyone should own some bitcoin. It is not without its dangers. If you are new to Bitcoin, you should learn as much as possible before investing any money. Owning Bitcoin comes with a lot of responsibility. Learn how to use Bitcoin safely.

How "Crypto" Work of Coins – An Overview of Bitcoin, Etherium and Ripple

“Crypto” – or “crypto currency” – is a type of software system that provides users with transactions over the Internet. The most important feature of the system is their Decentralized Nature – usually provides Blockchain Database system.

Blockchain and “cryptocurrency” have recently become a major component of global giggist; Usually as a result of the “price” of bitcoin skyrocketing. This has led to millions of people taking part in the market, with many “bitcoin exchanges” going through huge infrastructural pressures as demand grows.

The most important thing to realize about “crypto” is that although it actually provides a purpose (border transactions via the Internet), it does not provide any other financial benefits. In other words, its “underlying value” strictly limits the ability to transact with another person; Not at the cost of storing / promoting (this is what most people see).

The most important thing you need to realize is that “bitcoin” and the like Payment network – Not “currency”. It will be covered more deeply in a second; The most important thing to understand is that “getting rich” with BTC is not about giving people a better economic position – it will only be able to buy “coins” at lower prices and sell them more.

To this end, when looking at “crypto” you must first understand how it actually works and where its “value” really lies …

Decentralized Payment Networks …

As mentioned, the main thing to remember about “crypto” is that it is mainly one Decentralized payment network. Think Visa / MasterCard without central processing system.

This is important because it highlights the real reason for starting to search the “Bitcoin” offer more deeply; It gives you the ability to send / receive money from anyone in the world, as long as they have your Bitcoin wallet address.

The reason for associating this “price” with different “currencies” is from the misconception that “bitcoin” will somehow give you the ability to make money as a “crypto” asset. It is not.

The Only The way people are making money with Bitcoin is because of the “increase” in its value – buying “coins” at a lower price and selling them at a much higher price. While this has worked well for many people, it was actually based on a “bigger fool theory” – basically mentioning that if you manage to “sell” coins, it’s a “bigger fool” than you.

This means that if you see a “crypto” place getting involved today, you are basically buying any cheap (or cheap) “coins” (even “well” coins) and running them until you stop selling later. Increases. Since none of the “currencies” are backed by real-world resources, there is no way to predict when / how / how it will work.

Future growth

For all intents and purposes, “Bitcoin” is a spent energy.

The epic rally of December 2017 has signaled public acceptance and its price will probably continue to rise in the range of ড 2000, buying a coin today would basically be a huge gamble that it would happen.

Smart Money is already looking for most “welt” currencies (Ethereum / Ripple, etc.) that have relatively low prices, but are constantly rising in price and acceptance. The key to modern “crypto” space is the way in which different “platform” systems are actually used.

Such rapid “technology” space; Etherium and Ripple look like the next “Bitcoin” – working with a focus on how they are able to provide users with the ability to use “decentralized applications” (DPS) on top of their underlying networks to gain functionality.

This means that if you look at the next level of “crypto” growth, it will certainly be able to identify you here from a variety of platforms.