Crypto Exchange - Blog
Useful articles and blogs on Block chain Technology, Crypto Currency Market & Trends
Will Ethereum Dominate Blockchain Development
In today’s world of blockchains many people question about Will Ethereum dominate Blockchain development. Primarily Blockchain technology develops information networks. The more people join a network; it exponentially grows to become more valuable. It is fundamentally the main role of networks.
Presently there are several hundreds of digital coins that have already been developed by acumen founders. It is also widely expected that over the next few years, they would be existing in their thousands. Agood number of these coins would have good value and walkout successful onto the global stage.
There are numerous reasons behind blockchain development and understanding them save you from lots of issues in the future. In this article, Ethereum is the main blockchain under consideration.
Ethereum primarily functions in a uniquely different way which actually makes it an interesting crypto to associate with. They are well designed as a platform with a supporting blockchain that is custom-developed to enable the creation and smooth operation of new applications. As part of its blockchain solutions, these effective applications are designed to function securely.
It is noted that the Ethereum platform more like a highway network that enables the transaction, transportation of goods &services while connecting cities with people living in them. This blockchain technology is governed by a set of defined rules and so by these set rules, anyone could achieve their aims and objectives on the network.
For the blockchain, it needs a network of nodes computersthat are securely connected via the internet to enhance transaction movements on the platform. When it actually comes to building and powering new exchanges, applications, and businesses on the network, the passionate users are virtually recommended to obey set of rules on the platform.
Similarly to Bitcoin, no one controls Ethereum. The platform is wholly powered by a network of distributed computers that needs no entity control. With this blockchain technology, no person,firm could restrict anyone from accessing their own assets. This popular Ethereum platform has risen to become so valuable in its short years of existence. As a result the passionate users can use these blockchain solutions to develop contracts, online businesses, applications, etc.
Ethereumis widely believed amongst those who are enthusiastic about cryptocurrency to have a stronger staying power. They are building the ability for regular developers with innovative ideas to build new features appson the blockchain. Also it is expected the ability to leverage the power of the blockchain.
One must try better way to build the future than developing meaningful blockchain solutions, enhance them, and distribute them evenly. The Ethereum platform is showing itself tremendous results.Finally 2018 is trusted to be the “year of Ethereum” – the year when the cryptocurrency will surpass Bitcoin and dominate the crypto landscape.
Growing Trends of Blockchain
Everyone knows that Blockchain is a decentralized, distributed and public digital ledger which qualitatively records transactions across a number of computers and devices. The top thing about this concept is that one cannot alter the record without changing all subsequent blocks. It is clearly understood that people could find Growing Trends of Blockchain technology.
When they transfer money from your bank to someone else, it actually takes some time. It is because the sender bank holds the money until the receiving bank confirms the receipt of the amount.Blockchain comprises just one ledger of transactions between the two banks.
Merits of Blockchain Technology
Cryptocurrencies such as bitcoin are in massive demand today. Everyone seems to be caught in the wave of this latest form of money.
Avoids Security Breaches
With blockchain technology, financial fraud would be a thing of the past because it would facilitate big data transfer without the security issues.This latest technology has a transparent approach; meaning the transaction is simple to track.
Marketing and Blockchain Technology
One could also start data mining and try to find advertisers yourself. With a trusted partner such as Google, that riskis almost non-existent. In the digital marketing space, this is known as programmatic advertising. Google via the GDNwould connect you and the advertisers. They would take a commission for every transaction.
Moreover this Blockchainthrows out the Intermediary. This would eliminate the commission on their part as well. Besides this the biggest advantage would be that there would be no room for foul play.
Advertisers pay money when someone clicks on their ads. Often, some black-hat techniques illustrate to describe more clicks in order to make more money. This actually means losses for the advertisers.With usage of blockchain technology, advertisers and website owners would have complete transparencyover the number of clicks and the payments.This would result in reduced online Ad fraud.
The truth is that few firms actually implement this. People always have this utmost fear that popular companies have too many details about us. Come Blockchain and this would change forever.
Also read Blockchain Technology
Brain on a Blockchain
Digital technology has grown so much over the past few years. Also more and more popular startups have emerged immensely with the intention of wiring our brains to digital platforms. Whether introduced for the purposes of mind-controlling our virtual environment or monitoring our thoughts, moods, or for downloading brain-activity data.
As it could be imagined, such exploits are going to throw up issues concerning data security, privacy, and also transparency. Even as customers look to the firms messing with their heads to guarantee that their brain-data remains protected in accordance with terms & conditions. Well, it’s likely looking to blockchains to ensure that this indeed remains the case. Few of the neurotechnology startups have already outlined plans to put brain-data on blockchains.
Most of the firms is strongly focused on building neural-control systems, enabling users to control robotic arms, drones, smart appliances, and Augmented reality / Virtual Reality devices with their own acumen thoughts.
The control system is based around using machine learning to improve its brain-reading accuracy, something which requires retaining 90% of brain-data in order to train the artificial intelligence (AI) being utilized by the system. Primarily big data of user neural activityis demanded, with the firms whitepaper citing the Human Brain Project’s requirement of exabytes (1 exabyte = 1 billion of gigabytes) of memoryas an example of the kind of storage capacity necessary.
One can easily use blockchain, which it believes effectively addresses the problem of data storage security and privacy.By recording user data on a decentralized blockchain data becomes resistant to hacking attacks and thereby more private.Use of blockchain technology makes the system open and transparent to potential users. Any abnormal activity would be effectively traceable; the system would guarantee security and confidentiality of personal data. Finally the decentralized and transparent nature of blockchains would definitely prevent data from being altered or stolen.
Also read Most Promising Blockchain Platforms
How to mine Bitcoin?
With so much interesting news about Bitcoin going on these days, people could find their effective time with steps of involving Bitcoinmining. You could find lot of Bitcoinmining on the cards lately, but every now and people always like to search How to mine Bitcoin?
When Bitcoin was launched during 2009 it was possible for people to mine the cryptocurrency using a personal computer. Now, with more miners joining the race for bitcoins and Bitcoin transaction fees, for getting started with Bitcoinmining, only with exclusive powerful computers could expect best reward.
In order to know how much investment mining might require, people could search and analyse about bitcoin mining calculator. It is also noted that the measure of the computing power of mining equipment is called its “hash rate”. They exactly enumerate how fast the equipment could solve cryptographic puzzles.
Once people decide on their budget, they can select how to mine Bitcoin. They can either invest thousands or millions as their own mining equipment and keep profit themselves, or utilize existing infrastructure.
People could also join a mining pool. Interestingly the mining pools unite a group of miners who combine their computing power and share profits. Generally there’s a fee to be a member of such a pool.
People could also use cloud mining. It means actually buying processing power at a remote data centre which would mine on your behalf. Here in this people don’t require investing of their own equipment in order to mine, but they are charged a fee by the data centre which reduces your profit.The worldwide users must know that the process of confirming Bitcoin transactions and recording them on the distributed ledger is called “mining”. Bitcoin mining could be profitable, as prosperous Bitcoin miners also get fees that users pay for confirmation of their transactions
Most Promising Blockchain Platforms
As crypto values begin to rise up blockchain and crypto development has been moving ahead with full steam. Many platforms are beginning to demonstrate the true potential of blockchain, and have started move into mainstream use outside of the financial spotlight. One should know about the most promising Blockchain platforms.
One of the important takeaways from the current environment is that the most important progress in the blockchain revolution is not actually related to fiat value, or even cryptocurrency. Most innovative platforms are not designed to be cryptocurrencies, and despite seeing growing value, these systems are laying the groundwork for different future where wealth could be defined in many forms.
Blockchain applications are also moving into a number of mediums that traditionally have been centralized. In fact, you could experience number of projects underway to bring distributed ledger technology to all aspects of the modern world. Many development teams are professionally motivated by the quest for profit;their value would come from the improvement that they make within their given industry, not via trade on the open market.
Due to diverse array platforms the blockchain revolution is going to be far simpler move over to digital assets. It is well known that Bitcoin is currently the flagship cryptocurrency not since it is the most useful or advanced, but because it was the first of its kind. These new blockchain platforms serve far more functional purposes.
Thus, despite the fact that these platforms hold value, they are best seen as a new class of asset. It actually means by which they would be traded and used to be defined. They are the true genius of blockchain technology rests not with the creation of cryptos such as Bitcoin. Rather, blockchain is a new, innovative technology of which cryptocurrencies are key aspect. Finally it is evident that cryptocurrencies would become key factor for all business people.
Best Blockchain Examples Shaping Our World
Everyone knows that cryptocurrencies like bitcoin, ether, dash, and ripple are the entry-points to the blockchain world. Blockchain technology is professionally assisting innovators for developing solutions in manufacturing, retail, supply chain, pharmaceutical, healthcare, transportation, real estate, government and more.
List of some popular firms that stand out in the blockchain world:
They are hugely investing resources which could assist to solve cross-border supply chain problems. IBM’s shared ledger can provide real-time traceability and transparency. Their digital ledger is offering ways for the shipping companies to optimize their supply chain tasks.
The project uses blockchain to support financial and supply chain systems. Firms will be able to buy blockchain registered assets and connect their ERP solutions to the Hijro Trade Asset Marketplace.
The firm wish to offer service to customers with global supply chains. Businesses would be able to use SkuChain for their cross-border trades.
The firm is developing a blockchain-based solution to secure traceability of certifications and other details in the supply chains. Provenance would provide a digital identity for every product.
Healthcare and Pharmaceuticals:
The firm is targeting applications like pharmaceuticals, luxury items, diamonds, and electronics. The application would be able to verify counterfeit products, diverted goods, stolen merchandise and fraudulent transactions.
They focus on providing blockchain solution for electronic medical records (EMRs).
Gem is eminent enterprise level application that can connect to any blockchain network. It can work with Ethereum, Hyperledger, and more. They offer data store, standardized resource representation, access controls and Rest API.
The firm is developing smart contract applications targeting IoT, video gaming, and micropayment transactions. The users will be able to exchange value by using smart.
It is a bit-coin based cryptocurrency wallet. The users can buy, store and exchange bitcoins utilizing the ABRA app on their smartphones.
This firm in conjunction with Microsoft is trying to implement blockchain for marine insurance. They would assist marine organizations to better predict risk factors due to more up-to-date information.
It is a free online marketplace for trading goods and services without the requirement to pay any third-parties.
They can build custom mobile applications on the blockchain.
Transportation and Travel:
It is a ridesharing application that runs on the blockchain. The decentralized transportation platform intends to offer real-time ridesharing options for consumers.
It is a travel portal like CheapTickets or Expedia but built on the blockchain. By developing direct connection between travellers and service providers, Webjet could bring down travel costs.
Finally Blockchain technology is assisting with every aspect of the modern world.
Top Business Startup Ideas Using Blockchain
With so much interesting Blockchain events going on these days, I could find my perfect solace in spending time with looking out Top Business Startup Ideas using Blockchain to implement tactics of everything. You could find lot of Business Startup Ideas is on the cards lately, but every now and I always like to choose the best one. Startups adore living on the edge and they are embracing the idea of blockchain by trying to develop innovations that would change the world.
Below given are some of the best ideas which stand out:
Presence of Decentralized Freelancing Marketplace
The online freelancing marketplace has picked up recently and firms have given rise to the huge economy. With these services, freelancers and businesses are discovering each other around the world. They are bringing down global boundaries.
There is also good opportunity for startups to develop decentralized freelancing marketplaces. It would enable freelancers and businesses to work together without the requirement for an intermediary.
Availability of Decentralized Search Engine and Ad-Network
There is ample opportunity for startups to disrupt the search engine and ad-network space. Instead of search engines making money, the users could directly benefit from their own data. There is popular decentralized search system that permits users to safeguard their privacy and earn cryptocurrency for sharing their details with businesses. It wholly takes out the intermediary and allows customers; businesses interact with each other directly.
Options of Decentralized Exchange
More recently the business entrepreneurs are professionally trying to solve the problem by creating decentralized exchanges.
Decentralized Content Platform and Social Media
It is widely noted that content creators offer value to the networks. They have given rise to requirement for social networks and content platforms which are decentralized. Moreover it also provides the power back to the users. Finally the opportunities to develop businesses using blockchain are numerous.
Bitcoin a good investment in 2018
We know that Bitcoin price increased well over 1000 % going from $1,000 at the start of 2017 all the way up to $19,000 by mid-December. This massive rise attracted many people and now hedge funds with first-time investors seeking to join of massive returns. There are several evidences to show Bitcoin a good investment in 2018.
One could find two kinds of people investing in cryptocurrency. The people actually trust to be future of money and support of a decentralized financial system. The others are simply looking for making money. If you believe in the future of money one could invest in this currency in hoping to one day use it to make purchases.
The users are also planning to hold it with hopes that it’s going to applauded. In order for Bitcoin to ever be used as an everyday currency it cannot fluctuate thousands of dollars a day. You can ask yourself whether or not it’s going to settle at their current price. If you trust it’s going to rise in the long term then users should make the investment knowing you’re going to cherish through fluctuation.
If you’re just looking to make money with cryptocurrencies, there is market fluctuation of that nature where one could grab many opportunities to make money. So if you’re searching to trade on the short game there’s certainly golden opportunity.
One could experience several tips for getting started. It is better to do some research if users are first timer in the crypto world. Never invest based on someone else’s opinions and always get informed before investing in any asset. For starters, one could easily learn about the blockchain and how it’s revolutionising the global finance. You can also read some of the advance concepts with acumen expert opinions on latest news.
Once people are ready to invest they must start a trading account. There are also several Youtube videos which illustrate step-by-step walkthroughs on how to access and use various exchanges. People must be able to secure their Bitcoins. There are popular wallets which permit users to keep their Bitcoin offline and in a secure location.
Like any investment people require to be cautious and to stay updated with all research on current trends. Finally Bitcoin still remains a good investment in 2018 regardless if you are investing short or long.
Rules of Bitcoin Lending
It is heard that rules of Bitcoin lending would be controversial topic and there are five important precautions which could turn Bitcoin lending into a profitable business. This means that the borrower does not have to submit any assets which could be liquidated in case the loan is defaulted.
Rule 1: Better to Diversify Your Investments
Bitcoin lending is better to ensure that your bets are distributed over several loans, instead of one single loan. There are 4 ways to diversify investments namely as,
1. Based on Loan Amount
Fund a small portion of the requested loan, usually between 10-20%. So, if the borrower has requested a 1 BTC loan, fund only 0.2 BTC at the most.
2. Based on Geographical Location
If one part of the globe could be experiencing an economic boom, the other part could be in recession, so better to ensure that you have a good mix of both developed and developing nations in your portfolio.
3. Based on Loan Duration
Loans could be anywhere from a few days to a few years in length. The users are open to select their ratio of long-term to short-term loans.
4. Based on Rating Category
Higher interest rates have a higher chance of low ratings. So try to keep yourself in the middle, holding secured loans with lower rates as well as unsecured ones with slightly higher rates.
Rule 2: Loan Terms for Larger Amounts
In case if borrowers default on their loans, users have two options namely take legal action against the borrower, or sell the claim from this loan to a debt collection agency. Selling the claim is good option for lenders as it assists to avoid the effort required to proceed with legal action. The recovery amount is good with a professional firm collecting the debt than an individual.
RULE 3: Better to check the Purpose and Feasibility of the Project
Before granting a loan, always look at what the individual wants to use the loan for. Good to analyse their feasibility and profitability in the long run. Also try to find alternate assets that the borrower could liquidize to pay off his/ her loan. If the funding for the project and the loan amount does not match, something might be odd.
RULE 4: Beware of Risks and lend only how much you could afford to lose
Suppose if a project fails, or if a borrower refuses to pay out, users shouldn’t be on the verge of bankruptcy. You can keep a small part of earnings in the lending business considering that it is a high-risk investment.
RULE 5: Good to learn from previous Investments
Always better to find a trend in profitable investments and put your money in similar ventures in the future. Rectify yourself if you see too many failed projects and finally allow investments to mature. In conclusion Bitcoin Lending is like investing in start-ups; your money might make good progress as a Fortune 500 firm in the future.
Boom of Initial Coin Offering
The boom of Initial Coin Offering (ICO) popularity continues to arise around the globe. Modern day investors seem more eager than ever to take part in ICOs of all kinds. It is assisting to bring more people into the crypto space. More and more governments, central banks are becoming involved, seeking to limit, or prevent, ICOs with actions that range from warnings to outright bans.
The ICO movement is growing exponentially, and is assisting to bring cryptocurrency into the mainstream. While on the other hand, experts are becoming increasingly bolder in their attempts to limit it. ICO fundraising has now reached enormous amount in billion, more than half of which has taken place this year. Coins under development span the business world, and comprise sectors respectively as investment, real estate, health care, tech, and entertainment.
This activity enumerates the most dynamic change in the investment world in decades, as sector specific cryptocurrency is wholly new asset class. Many coin platforms have raised vast sums with little more than a slick looking website and relative convincing sales pitch. More governments and state regulators are responding to the ICO boom in a variety of ways.
The tremendous opportunities offered by ICOs are clearly contrasted by the warnings and regulatory steps against them. Most of them are professionally managed by well competent teams. Some are no doubt destined for tremendous success. Seriously potential investors should perform extensive research before investing in any ICO, and have a thorough understanding of cryptocurrency and blockchain technology.
The most vital point for investors to understand is that initial coin offerings are neither good nor bad. They are actually extension of blockchain technology. Many should understand how an ICO is managed, the token’s purpose and function, and how the token fits into various business sector and finally what actually determines their potential value.
Finally it is vivid that the ICO market will continue to grow into the positive frame for the future. Presently the fortunes made by early Bitcoin investors have become legend, and far too many people like to be part of the next big thing. No doubt there will be winners as the ICO market matures, and regulation by state agencies is definite to exist soon. Interestingly the most key takeaway from the present environment is that initial coin offerings are another positive step in the rapid evolution and adoption of cryptocurrency.