Crypto Exchange - Blog
Useful articles and blogs on Block chain Technology, Crypto Currency Market & Trends
Proof of Concept Development for Blockchain
These days, while a lot of people activities are being spent on Cryptocurrency business, they like to try out what’s available on Proof of Concept (POC) Development for Block chain. They can actually watch novel idea evolve into a practical project with Proof of Concept Development for Block chain.
What is Proof of Concept (POC) Development?
A Proof of Concept (POC) is used to actively demonstrate the feasibility and practical potential of any blockchain project in any field such as Energy, Communication, Services, Insurance and Healthcare. A POC could either be a prototype without any supporting code or any MVP -Minimum Viable Product with good features set. Moreover POC is a prototype that is expediently used for internal companies which could have better understanding of a particular project.
To make things more interesting, some salient features and Potential Field areas of POC introduced for needs of users, so once you get to the checkpoint of each features, the benefits of feature reveals it. Potential Field areas of POC are namely as Medical records management, Voting trackers, Identity management, Record storage, Insurance policies and Legal documents.
The variety in this POC also provides up something new for each features, so it’s not always the same thing for cherishing the new benefits. In the POC stages and to develop a POC, there are three active development stages that will end developing a potential solution for a project’s feasibility. Most expertise in the business helps users to view viability of the project to decision makers.
- Theoretical build-up
To get started with a Block chain POC is simpler of course but users don’t have to make commitment to start. In fact users require features if strategic, technical and delivery expertise to launch a strong successful blockchain POC. You can also set the vision and defining your Blockchain POC definition. Finally the primary success metric for a Block chain POC would wholly understand at the end of the project whether there is good opportunity to build commercial application.
Also Read cryptocurrency exchange solutions
Things to Know Before Launching an ICO
If you are searching for different Things to Know before Launching an ICO, then I suggest giving a look below various features and instructions that you come across. It certainly fit the user’s requirements rather well, and is pretty quality.
Initial Coin Offerings (ICOs) are massively trending, but there lies uncertainty about how to guarantee that an ICO has the good potential for success. Also can lead organizations down a path they shouldn’t be on. Thus professionally making a measured, educated assessment of a startup’s fitness for the ICO fundraising path, and implementing successful operation post-ICO, are the key steps toward an ICO success story.
Many have used benefits of Initial Public Offering (IPOs) and private equity fundraising in relation to the increasingly familiar ICO route, and find the structure of ICOs attractive for numerous reasons.
It is noted that ICOs offer owners the opportunity to retain 100% of the company’s ownership equity, meaning that much-needed capital doesn’t compromise the startup’s integrity. For ICO fundraising to be successful, an entire token ecosystem and sustainability model should be conceived and implemented before it is taken to market.
Moreover the token has to remain viable as more than mere novelty after the ICO is complete. Making these assurances to investor’s needs startups to invest significant equity to make certain that an ICO is the good course of action.
Questions to Ask Before Launching an ICO
Answering these questions would help a firm determine how they will approach an ICO before, during, and in the aftermath of the token launch.
- Is this a security or utility token?
- Do you include U.S. citizens in your ICO or Token Generation Event (TGE)?
- How is the CEO/company going to spend the money once the ICO concludes?
- What would be the ongoing revenue stream for the business post-TGE?
- When is the best time to convert your coin?
- How volatile is the current market?
- What tax rate would you pay consider that it is revenue?
- What are the costs in fiat currency that you need to cover (paying employees, suppliers, etc.)?
What direction do you think the crypto market is going in? If it’s going to drop 90%, you may want to sell all of it. If there is only a small blip, you may want to sell just enough to cover fiat expenses.
Finally consider that the conversion, in the case of utility tokens, is potentially a taxable event, which is a new cost that must be totally considered.
Also Read Altcoin Exchange Software Development
Also Read cryptocurrency exchange solutions
Google Search Can Predict Bitcoin Price
A recent study professionally suggests that cryptocurrency markets move depending on the kind of attention they receive unlike traditional financial markets. Moreover it is also enumerated that Google Search Can bitcoin price prediction.
Similar to other traditional financial assets, cryptocurrencies don’t respond to the same set of market factors as traditional financial instruments. But they actually move more closely with cryptocurrency specific factor according to the non-profit’s report.
These factors comprise investor attention and market momentum, illustrated as the time-series cryptocurrency momentum at the daily & weekly frequencies. Moreover the markets do not view cryptocurrencies similarly to standard asset classes.
The study adeptly used price data series over multi-year time frames, also the study compared actual returns to the projected returns utilizing standard finance pricing model known as the CAPM. They also went on to compare cryptocurrency returns to that of traditional currencies such as the euro, metals like gold and macroeconomic factors respectively as consumption growth.
Eventually these result statistically suggesting a stronger narrative in other proxies, identified as the measure of returns a day or week prior. More essentially, generally the price increase across one, three, five or six days could be easily predicted by a single daily return, while a weekly return could always predict one, two, three or four-week market movement. Importantly this study incorporates data from consumer activity on search forums such as giant like Google and social media sites namely as Twitter.
It is also found that a standard deviation increase in searches for keywords such as bitcoin forecasted a small increase in the token’s price in the following weeks. It is predicted that on average, a single standard deviation increase in the keyword search would actually lead to a 2.75 percent price increase, according to the study report. More so standard deviation increase in Twitter post counts virtually resulted in a 2.5 percent increase in bitcoin’s price.
Also Read Start a Venture like Binance
Day Trading Cryptocurrency
If users are searching for a special kind of immediate profitable venture to earn quickly then Day trading cryptocurrency will not surely disappoint. Day trading cryptocurrency could massively term as good profitable venture for people who put in the work and implement the best practices.
So when it is done right, they have the potential to turn a marginal amount of money into a retirement funding. However, day trading cryptocurrency is volatile and certainly not going to suit everyone. With an estimated failure rate for all day traders, the potential highs come with extremely low lows. The users can make a lot of money quickly, that actually means that it is possible to lose in short time also.
For users this day trading cryptocurrency might work right so learn how it works and educate yourself about the risks, as well as the quality methods for success, before making any decisions about the practice.
What is day trading cryptocurrency?
Primarily the trading is buying an asset to then sell it and make a profit. The main purpose of buying an asset is the same namely to make a profit simply by selling it for more value than you paid for it. The major significant difference, between trading cryptocurrency and non-digital assets is the volatility. It is noted that the prices could change far more quickly with cryptocurrencies, resulting in high volatility.
Within one day, prices could vary in either direction by up to 50% with cryptocurrencies. We know that there are top four cryptocurrency coins respectively as Bitcoin, Ether, Ripple, and Bitcoin Cash. You have two kinds of trading namely as long-term and short-term. The type is determined by how long users could keep an asset before selling it. Each kind of trading is suited for specific types of objectives. While long-term trading is drawn out over an extended period and, in turn, it is far less stressful, day trading is meant only short-term trading.
So it basically means that users can out sell their asset before the end of the day with the objective of making a fast profit. In cases if users keep their assets small, they would limit the risk. In conclusion though the profits would be small, they could be worthwhile since such minimal time was spent on these earnings.
Also Read Trading System Development
Start a cryptocurrency exchange
If people wish to start a cryptocurrency exchange business and launch own, then you should know not only about the development methods but also need to know the features of this type of project.
As thumb rule, people who want to launch a cryptocurrency exchange platform must understand how similar projects work. Moreover, crypto-exchange platforms are gaining immense familiarity.
Where to start
First of all, you require determining which platform you like to develop. All projects could be divided into three types:
- Crypto-currency exchange
- Crypto-currency trading
- Crypto-currency trading with marginal trade and leverage
It is the first type of platform faced by novice traders with crypto-currency. Their main feature is the simplicity of the interface. Though the blockchain is a complex technology, exchangers could spread it around the globe. These are exchanges between the user and the administrator for buying and selling.
Method of earning
Platforms of this type have their own internal reserve of money in numerous directions such as bitcoin, dollars, Ethereum and so on. The active payments and operations are conducted on behalf of administrators to users. As well as the offline exchangers that are usual for us, these popular platforms earn on the exchange rate or crypto-currencies.
As thumb rule, the cost of buying bitcoin in exchangers is higher than on the exchange, and sales are lower than in the market. The apt answer is simple, like all ingenious in this globe. The administrators and owners earn money on the difference in the exchange rate, due to this, the exchanger functions and operate. It is noted that the difference in rates could be from 1.5% to 8%. It wholly depends on direction and currency.
Here the platform is a market for the provision of services and just charges a commission for successfully executed transactions. Amazingly, the commission is paid by both sides and it is one of the tricks of this platform. Also it is the main source of income.
Cryptocurrency trading platform with marginal trade
Margin trading with a shoulder is the apex of the cryptocurrency trade. As thumb rule, it is used either by professional traders or by those who possess insider information. Thereby it can be immensely profitable.
Start a Venture like Binance
It’s certainly something that’s so much different on the aspect of how to Start a Venture like Binance. They are always refreshing to experience these days. Some time ago, one of the largest exchanges in the world, Binance, proudly announced the opening of a branch in Malta.
Officially the reason was that in this country, they would be able to count on a more open legal regime towards cryptocurrencies, but from the beginning there were people who thought that one of the important reasons could have been the willing to add the Euro to the exchanged coins.
Primarily in fact, despite being absolutely one of the most key exchanges in the world, Binance only permmits to exchange cryptocurrencies. Generally it has neither dollars nor euros, but only some stable coins, or cryptocurrencies with the value anchored to the dollar (like Tether, USDT).
According to officials it would have confirmed this hypothesis. Indeed, the decision seems to be taken, it is greatly assumed that Binance would soon be able to offer its prosperous customers with the possibility of converting cryptocurrencies into fiat currencies like the Euro.
More specifically Binance has already opened a bank account in Malta, obviously in Euro, so it might be already be ready to offer this additional service.
In the future they would also permit trading in other fiat currencies, but without offering further details. Euro trading would start to be possible is not yet known, which at this point could be the first fiat currency to be listed on Binance.
This implementation on the one hand would bring obvious benefits to both Binance, and particularly to its customers, but on the other hand it could force the colossus to adapt more heavily to the legal regulations concerning the management and conservation of fiat currencies. Anyone who adores special features of Binance will surely enjoy what they experience in.
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Blockchain is Transforming Cyber Security
If users are searching for a special kind of news about cyptocurrency to sink their mind into this weekend, then latest news about Blockchain is Transforming Cyber Security will enrich your knowledge.
Nowadays, high level of dependence on the internet leaves firms vulnerable to hacks. Therefore, cybersecurity has become important for many businesses. Presently blockchain has become one of the hottest cybersecurity topics. Below are best 5 applications of Blockchain in Cybersecurity that firms can use today.
Quality DDOS Protection
Distributed Denial of Service or DDoS attack is one of the major cybersecurity threats in this digital age that could affect the stability of firms. It’s the effect of overloading an online administration, for instance, a website or cloud-based programming platform, with traffic to actually deny assets to legitimate clients.
DDoS attacks can also prompt loss of client trust, malware contaminations, information spills, and real equipment harm. It could be fought by setting up organizing networks that blacklist speculates IP addresses, contact your hosting supplier, and use DDoS security benefits that could effectively assimilate malicious traffic in the interest of your site.
Process of Identifying Theft Protection
Blockchain offers Decentralized ID or DID identity management platform that could immensely put identity fraud to end. It works by storing your personal identity and credentials details in a blockchain platform.
With DID no one but only you can access your account through your own device and DID application. For security and transparency, all your quality transactions and activities would be recorded and logged on a distributed ledger.
In addition the DID allows transfer, processing, and verification of identity data, like passports, bank accounts, website credentials and driver’s licenses, through blockchain. Thus it offers clients full control of their identity and, the more essentially, their reputation.
Effective Fraud Protection
Blockchain can also effectively prevent fraud by automating the execution and validation of transactions by smart contracts. It is enumerated that smart contracts automatically direct and execute transactions based on agreements recorded in an unchangeable blockchain. Thus businesses would automatically and indisputably receive payments once the confirmation of delivery has been recorded. So it’s an open blockchain stage that provides independent smart contracts and works with its internal cryptocurrency.
Keyless Signature Infrastructure (KSI)
KSI doesn’t require any external trust authorities for the storage of certificates and disavowal records. It actually automates the checking and revocation of information through a hashing algorithm, which particularly compares the duplicate with the original information stored on the blockchain. It wholly conquers every known issue with PKI frameworks. Moreover it additionally enables buyers to confirm an advertisement’s source. Finally it is protecting them from malware and other misleading plans.
Secure Private Messaging
All messaging applications also need users to submit their personal data in return for an account and the right to use the App. By doing so their Personally Identifiable Information (PII) traces back to their identity. It puts their security and assurance of sensitive data in danger. So it is must for users in shifting to end-to-end encryption for messages to guarantee against malicious middleware attacks.
Centralized versus Decentralized Exchanges
Centralized exchanges are at the hands of a central authority – or intermediary who oversees and controls your funds, personal details and transaction history. When trading and transacting on centralized exchanges, one should know that your funds aren’t sent P2P – or directly to another user – and must first pass through a centralized middleman, who authorizes and executes the trade on your behalf.
Decentralized Most of the people are passionate about Bitcoin and other popular cryptocurrencies. While they wish to relax, they prefer keep updated with latest informations about cryptocurrencies and merits of Centralized versus Decentralized Exchanges.
In this article we’re going to address the fundamental differences between decentralized and centralized cryptocurrency exchange script, enumerating on not only their benefits, but disadvantages as well.
The major fundamental difference between centralized and decentralized exchanges are the omittance of an intermediary and centralized third-party. Decentralized exchanges (DEXs) professionally operate on a peer-to-peer (P2P) basis, thus meaning they utilize a combination of smart contracts and payment mechanisms to execute cryptocurrency trades. So think of centralized exchanges as connecting users and traders to an entity, while decentralized exchanges connect traders to other traders.
Volume & Liquidity
Centralized exchanges are higher volume and liquidity due to the fact that they boast a user-friendly interface and ability to fill orders instanty. Centralized exchanges ease novice investors and traders into their foray into crypto, by permitting them to easily buy and sell their favorite cryptocurrencies. Presently some centralized exchanges are facilitating billions of dollars in volume per day, making them lucrative option for users looking to instantly have their orders filled.
DEXs user interface is less friendly and might seem daunting for novice investors. So decentralized exchanges typically have a smaller user-base, and thus, lower liquidity and trading volume. Also it’s not a guarantee your order will be filled instantly. In conclusion the decentralized exchanges only permit for the exchange of cryptocurrency to cryptocurrency, and don’t permit users to directly purchase altcoins or cryptos with fiat (USD, EUR, SGD).
Trading & Transaction Times
Centralized exchanges hold their listed cryptocurrencies in their actual custody, it makes for a smoother process when trading them. Since the ability to fill orders in a timely manner, margin trading is familiar on centralized exchanges.
The decentralized exchanges process substantially less orders per second than centralized exchanges due to the requirement to validate each transaction on the blockchain. DEXs have significantly lower daily trade volumes. The decentralized exchanges grow and users begin to acquaint themselves with the security benefits and token diversity of DEXs, finally volume and transaction times would certainly increase.
Security & Up-Time
Security is the main drawback to using a centralized cryptocurrency exchange. Since the whole platform and exchange depends on central servers controlled by a company, there exists failure meaning users could lose their funds wholly or not be able to access them for long periods of time.
Decentralized exchanges operate in a peer-to-peer fashion, meaning users are connected to one another, so there’s little worry about not being able to access one’s funds or having them stolen. Moreover DEXs don’t typically require personal details or other identification, keeping users well protected and shielded from having their identity compromised. Finally the users looking to promote and experience such firsthand are turning to decentralized exchanges.
Know about Cryptocurrency Exchange Listing Fees
If you have followed our articles here, you’ll know that we are fan of collecting latest news about Cryptocurrency Exchange Software, particularly when they bring something distinctive for users. It is great time to Know about Cryptocurrency Exchange Listing Fees.
Any asset that does serve as a medium of exchange needs to have good liquidity in order to do so well. Included among those great assets are, of course, cryptocurrencies.
Crypto Exchanges & Coin Liquidity
Coin liquidity of crypto assets is wholly regarded to be one of the most key factors in achieving mainstream adoption of blockchain technology. It is true and also on a project-by-project basis. You can simply put, a cryptocurrency project with zero liquidity is going to fail. It doesn’t matter if the project is innovative, if it could not be bought and sold at relatively stable prices, it would struggle to achieve any noteworthy adoption.
So, the easiest way for a cryptocurrency to gain liquidity is to be listed on crypto exchanges. The more exchanges a coin is listed on, the more easily it could be immensely traded by large amounts of people.
If you create a cryptocurrency and like to give it a chance to succeed, you must get it listed on as many exchanges as possible.
As the gatekeepers to liquidity, cryptocurrency exchanges are in a position of power. Their decision to list or not list a coin could largely influence its success. So surprisingly they take advantage of their power by charging exorbitant listing fees.
Is it exorbitant?
It is assumed not at all uncommon for crypto exchanges to charge projects 6 figure USD amounts to get listed on their platform. You have some development work that goes into listing a new cryptocurrency on an exchange, but the cost of that work is well below the fees that quality exchanges often charge. Listing coins is simple way for exchanges to generate revenue that many are keen to take undue advantage of.
A Decentralized Exchange with No Listing Fees for ERC20 Tokens
The development work needed in listing ERC20 tokens on a crypto exchange – be it a centralized exchange or a DEX – is minimal. The popular exchanges that charge high fees for this work are doing so at the expense of the cryptocurrency ecosystem as a whole. Primarily they raise the barrier of entry for new projects trying to gain liquidity, and in so doing they make it hard for any project that had a reasonably small ICO to get listed.
It is enumerated that listing cryptocurrencies which have independent blockchains does need significantly more development work by the exchange’s team than for platform-based tokens. Generally the cost of configuring these coins with the DEX does not need to be arbitrarily high.
Coin Liquidity & DEXs
Moreover getting listed on crypto exchanges is only part of the liquidity problem, and it’s wholly for the exchanges to have the necessary order matching capabilities to make a coin or token simply trade able.
Finally it’s reasonable to expect that projects of all sizes of recent ICOs and ERC20 tokens in specific must be keen to be listed on a DEX that would not charge them unreasonable fees for doing so.
How to Select the Best Cryptocurrency Exchange
Now people had been hearing lot from the eminent Cryptocurrency Exchange Conference held recently and checked out number of superlative upcoming strategies of How to Select the bitcoin exchange business script People are in the zeal mood for some important strategies more than ever before.
Selecting the best cryptocurrency exchange for you can be hard process – particularly if you’re new to cryptocurrency and altcoin trading. This article on how to select the best cryptocurrency exchange would walk you through five key factors to consider when selecting a cryptocurrency exchange.
Where should they start?
For people getting started investing in cryptocurrency, they would likely be looking to exchange fiat (USD, EUR, and GBP) currencies for Bitcoin, Bitcoin Cash, or Ethereum. For starters, it is best recommended using Coinbase to purchase first bit of crypto with either your debit or credit card.
Look out for five core values for selecting a cryptocurrency exchange
- Geographical restrictions;
- Liquidity & volume;
- Security & anonymity
- User interface
Five important Factors to Consider before selecting a Cryptocurrency Exchange
Keep in mind that exchanges should not be used to store large amounts of crypto (BTC, ETH, BCH, etc…). A good rule for users is that they should not be keeping more than one month’s salary on an exchange, and should then be moving it to cold storage or a cryptocurrency wallet.
Most users are unaware that most cryptocurrency exchanges limit the geographical scope and location of its users. If you have good knowledge with a country’s regulations and laws towards cryptocurrencies and blockchain, it’s strongly suggested to select an exchange which transacts with such country.
The users can always look for an exchange which explicitly states how much they charge per transaction in plain language, as steep fees could significantly add up and have a significant impact on your overall purchasing power. Also beware of exchanges who tout low trading fees but secretly charge exorbitant and outrageous withdrawal fees.
High liquidity and volume is a good indication of an exchange’s ability to fill your order at any point around the clock. If people are looking to trade a widely used cryptocurrency such as a Bitcoin, Litecoin, or Ethereum, using a centralized exchange is likely your best bet due to the ability of a large centralized exchange to fill your order within a mere matter of seconds.
In addition if people are looking to trade smaller altcoins and ERC20 tokens, you might be strapped for options and have to look to a smaller exchange to fill such orders. Finally keep in mind that exchanges with higher liquidity and volume typically have more established reputation in the blockchain ecosystem.
Security & Anonymity
Security must be strong focus when selecting the best cryptocurrency exchange for you. So opt for exchanges which offer
- Two-factor authentication (SMS or Google Authenticator)
- Complicated captchas
- Anonymity altogether
You can also use a decentralized exchange, which permit users to sign up without having to offer any identifying details. Finally decentralized exchanges provide the ultimate protection for your funds and identity in terms of exchanges.
We know that centralized exchanges have higher liquidity and higher volumes of trades; they have typically invested large sums into simplifying their trading interface. Simple and easy to use interface primarily assists to keep users and investors informed while having some degree of guarantee that they are executing the proper action.
With increasing familiarity of decentralized exchanges and increased trading volume, decentralized exchanges are starting to ameliorate their UI in hopes of attracting both seasoned and novice investors.
In conclusion it could be difficult task selecting safe and secure cryptocurrency exchange. However, if people keep the above five factors in mind when selecting an exchange, you’ll be off great start.