What is a blockchain?

Blockchain is an undeniably talented invention that has revolutionized the global business market. Its evolution has brought greater benefits not only to businesses but also to its beneficiaries. However, as it opens to the world, a view of its operational activities is still unclear. The key question for everyone is – what is a blockchain?

For starters, Blockchain technology acts as a platform that allows digital data to be transferred without the risk of duplication. In a sense, it has laid the foundation for a new kind of Internet space. Originally designed to deal with Bitcoin – while trying to explain to the layman about the functions of its algorithms, hash functions and digital signature features, today technology enthusiasts are finding other potential uses for this flawless invention that could lead to a start. a completely new business process in the world.

Blockchain is a kind of algorithm and data distribution structure for managing electronic funds without the intervention of any centralized administration, to determine in all respects, programmed to record all financial transactions, as well as everything of value.

Blockchain’s business

Blockchain can be understood as a Distributed Ledger technology originally developed to support Bitcoin cryptocurrency. However, after severe criticism and rejection, the technology was redesigned for use in more productive work.

To give a clear picture, imagine a table that is practically multiplied by tons among many computing systems. And then imagine that these networks are designed to update this schedule from time to time. This is what a blockchain is.

The information stored in Blockchain is a shared sheet that is periodically reconciled. This is a practical way to talk about many obvious benefits. However, blockchain data is not available in one place. This means that everything stored there is open to public view and inspection. In addition, there is no centralized data storage platform that can be compromised by hackers. It accesses virtually more than a million computing systems side by side, and anyone with an Internet connection can consult its data.

Sustainability and authenticity of blockchain

Blockchain technology is something that minimizes internet space. Stylish in nature. As with providing information to the general public through the World Wide Web, the original data blocks are stored on a blockchain platform that is visible to all networks in the same way.

It is important to note that a blockchain cannot be managed by a single person, institution or individual, and there is no point in failure. Just as the Internet has proven to be a sustainable space for the past 30 years, as blockchain continues to evolve, it will play the role of an original, reliable global stage for business operations.

Transparency and inviolable nature

Industry veterans claim that the blockchain is conscious. He practically checks himself from time to time. Its network is similar to self-checking technology, known as blockchain, which coordinates every operation that takes place on a regular basis.

This gives rise to two main features of the blockchain – it is very transparent and at the same time can not be violated. Every operation that takes place on this server is included in the network, so everything is always visible to the public. In addition, editing or omitting information about a blockchain requires a great deal of effort and strong computing power. Among them, fraud can be easily identified. Therefore, it is called indestructible.

Blockchain users

There are no set rules or regulations regarding who will use or can use this flawless technology. Although its potential users are only banks, commercial giants and global economies, the technology is open to the day-to-day operations of the general public. The only drawback Blockchain faces is global acceptance.

Has cryptocurrency become an imaginary investment of every Indian?

Rich rewards often lead to big risks, and so does the highly volatile cryptocurrency market. Uncertainties in 2020 have led to an increase in interest in cryptocurrency trading, a new class of assets, on a global scale by the masses and large institutional investors. Increasing digitalization, a flexible regulatory framework, and the Supreme Court’s lifting of bans on banks working with cryptocurrency companies have halted the investment of more than 10 million Indians in the past year. Several major global cryptocurrency exchanges are actively exploring the Indian cryptocurrency market, which has seen steady growth in daily trading over the past year amid falling prices as many investors look for valuable purchases. As the cryptocurrency frenzy continues, many new cryptocurrency exchanges have emerged in the country, offering functionality through user-friendly applications that allow you to buy, sell and trade. WazirX, India’s largest cryptocurrency trading platform, increased its users from one million to two million between January and March 2021.

What is dragging the world’s largest cryptocurrency exchanges into the Indian market?

Binance, the world’s largest cryptocurrency exchange by trading volume, bought the Indian trading platform WazirX in 2019. Another cryptocurrency startup, Coin DCX, provided investment from BitMEX in the Seychelles and giant Coinbase in San Francisco. Cryptocurrency and blockchain startups in India have attracted $ 99.7 million in investment by June 15, 2021, up from about $ 95.4 million in 2020. Over the past five years, global investment in the Indian cryptocurrency market has increased once. large 1487%.

Despite India’s uncertain policy, global investors are betting heavily on the country’s digital coin ecosystem for a variety of reasons.

• Technology-savvy Indian population

The predominant population of 1.39 billion is young (average age 28-29) and is aware of technology. While the older generation still prefers to invest in gold, real estate, patents or stocks, the new generation is embracing them because they are better able to adapt to high-risk cryptocurrency exchanges. India ranks 11th in the global acceptance of cryptocurrency in the 2020 report of Chainalysis, which shows the excitement about crypto among the Indian population. The government’s attitude to cryptocurrency or the rumors surrounding cryptocurrency does not undermine young people’s confidence in the digital coin market.

India offers the world’s cheapest internet, where a gigabyte of mobile data costs about $ 0.26 and the global average price is $ 8.53. Thus, almost half a billion users use affordable Internet, which enhances India’s potential to become one of the world’s largest crypto economies. According to SimilarWeb, the country is the second largest source of internet traffic to the peer-to-peer bitcoin trading platform Paxful. Although the main economy is still struggling with the “pandemic effect”, the cryptocurrency, which provides a new and faster way for the younger generation to make money, is gaining momentum in the country.

It is safe for parents to say what gold is, that cryptocurrency can become the millennium of India!

• The rise of Fintech Start-ups

The cryptocurrency frenzy has led to the emergence of many trading platforms such as WazirX, CoinSwitch, CoinDCX, ZebPay, Unocoin and many others. These cryptocurrency exchange platforms are highly secure, available on a variety of platforms, and allow instant transactions for cryptocurrency lovers by providing a friendly interface for unlimited buying, selling or trading digital assets. Many of these platforms set the INR for purchases and trading fees as low as 0.1%, so simple, fast and secure platforms offer a lucrative opportunity for both first-time investors and local traders.

WazirX is one of the leading cryptocurrency exchange platforms with more than 900,000 users and offers customers peer-to-peer transaction capabilities. CoinSwitch Kuber provides the best cryptocurrency exchange platform for Indians and is ideal for both beginners and everyday workers. Unocoin is one of the oldest cryptocurrency exchange platforms in India, covering more than one million traders through mobile applications. CoinDCX offers users 100+ cryptocurrencies to exchange and even insures investors to cover losses in the event of a security breach. Thus, global investors are looking at a plethora of cryptocurrency exchange platforms in India to take advantage of the emerging market.

• Mixed Government Response

A bill banning virtual currency could come into force, criminalizing anyone involved in the ownership, issuance, drilling, trading and transfer of crypto assets. However, Finance and Corporate Affairs Minister Nirmala Sitharaman eased concerns among some investors, saying the government did not plan to completely ban the use of cryptocurrency. In a statement to Britain’s leading newspaper, the Deccan Herald, the finance minister said: “On our part, we make it very clear that we have not closed all options. We will allow certain windows for people to experiment with blockchain, bitcoins, or cryptocurrency.” It is clear that the government is still investigating the national security risks posed by cryptocurrencies before deciding to impose a complete ban.

In March 2020, the Supreme Court overturned the central bank’s decision to ban financial institutions from engaging in cryptocurrencies, prompting investors to flock to the cryptocurrency market. Despite fears of a ban, the volume of transactions continued to grow, and user registration and cash inflows at the local cryptocurrency exchange increased 30 times compared to a year ago. Unocoin, one of India’s oldest exchanges, added 20,000 users in January and February 2021. In February 2021, the total volume of Zebpay was equal to the volume created during the entire month of February 2020. In an interview with CNBC-TV18, the Finance Minister, who is tackling the cryptocurrency scenario in India, said, “I can only give you a hint that we are not closing our minds, we are looking at ways in which experiments can happen in the digital world and cryptocurrency.”

Instead of sitting on the sidelines, investors and stakeholders want to make the most of the spread of the digital coin ecosystem until the government bans the “private” cryptocurrency and declares a sovereign digital currency.

Is India Towards Financial Inclusion with Cryptocurrency?

The steady increase in the number of female investors and traders, once considered the “Boys’ Club” due to the dominance of men in the cryptocurrency market, has led to greater gender neutrality in new and digital forms of investment methods. In the past, women remained committed to traditional investments, but now they are becoming risk takers and entering the crypto space in India. After the Apex court clarified the legitimacy of the “virtual currency”, the Indian cryptocurrency platform, CoinSwitch witnessed a 1000% exponential increase in the number of female users. Although female investors are still a small part of the crypto community, they are fiercely competitive in the Indian market. Women tend to save more than their male counterparts, and greater savings mean greater diversity in investments such as high-yield assets such as cryptocurrencies. Also, women are more analytical and better assess the risks before making the right investment choice, so they are more successful investors.

Increasing the basic institutional acceptance of cryptocurrencies

The uncertainty and panic created by SARS-Covid 19 led to a liquidity crisis even before the economic crisis began. Many investors have turned their shares into cash to protect their finances, which has resulted in lower prices for bitcoin and altcoin. But even though the cryptocurrency suffered a major crash, it managed to become the best performing asset class of 2020. With the growing weakness of the system and the loss of confidence in the central bank’s policy and money in its current design, people have a growing appetite for digital currencies, resulting in the return of cryptocurrencies. Due to the excellent performance of the cryptocurrency in the middle of the global financial crisis, the upward trend has strengthened the interest in the virtual currency market in Asia and the rest of the world.

In addition, digital payment gateways, such as PayPal, have also supported cryptocurrencies that allow consumers to store, buy, or sell virtual assets to increase society’s need for convenient and secure transaction solutions. Tesla CEO Elon Musk recently announced that he had invested $ 1.5 billion in the cryptocurrency market and that the power company would accept bitcoin from buyers, raising the international price of bitcoin from $ 40,000 to $ 48,000 in two years. day Visa and Mastercard, two of the largest payment platforms in the world, also endorse cryptocurrencies as a tool for transactions. Although Visa has already announced that it will allow transactions with stable coins on the Ethereum blockchain, Mastercard will start trading in cryptocurrency in 2021.

What awaits the future of the cryptocurrency market in India?

India’s cryptocurrency market is not immune to terrible cryptocurrency accidents. Despite the large investments of their global counterparts, local investors are still reluctant to invest in cryptocurrency due to the uncertainty surrounding the legitimacy of the digital coin ecosystem in India and the high volatility of the market. Although the cryptocurrency market has grown rapidly since last year, Indians own less than 1% of the world’s bitcoin, which is a strategic disadvantage for the Indian economy. The Indian government plans to set up a new panel to explore the possibilities of regulating digital currencies in the country, as well as focus on blockchain technology and offer suggestions for technological improvements.

The ability of blockchain technology to provide a secure and unchanging infrastructure has been implemented by various industries to instill transparency in operations. For a country with more than 15 million cryptocurrencies, the committee’s new recommendation could be of great value in determining the future of cryptocurrency in India. However, stakeholders believe that technical and economic power will make India a major player in the cryptocurrency and blockchain market. Gradually, cryptocurrency is gaining general acceptance, which may lead to higher adoption of digital currency.

According to someone else TechSci Research “Indian Cryptocurrency Market By Offer (Hardware and Software), By Process (Minning and Transaction), By Type (Bitcoin, Etgereum, Bitcoin Cash, Ripple, Dashcoin, Litecoin, etc.), By End User (Banking, Real Estate, Exchange and Virtual Currency ), Region, Forecast & Opportunities, 2026 “, Indian cryptocurrency is expected to grow at a significant CAGR level due to increased transparency requirements and reduced operating costs. In addition, increasing adoption of digital currency and increasing blockchain technology are strengthening India’s cryptocurrency market.

Why is Nano Price Expensive?

Best Crypto-IoT Collaboration

This was reported yesterday by the Nano Center. The release of the Nano IoT charger has been approved by the company and is the most promising entry into the IoT industry. The IoT charger and associated device are said to be based on a local Nano coin.

The currently released charger is still a prototype, and the features that have so far been discovered that the charger is owned by:

  • This requires the user to scan the QR code for transactions only

  • The QR code initiates a micro-level managed operation process; therefore, there is no need to worry about change

  • So far it is only compatible with NANO purses

This announcement from the Nano Center is a big milestone for both the company and the community, as there are many real uses after the charger has been successfully tested and launched. Of course, for use cases in the real world, there are many potential uses and numerous iterations that must be implemented in advance to do so.

Nano branches

Nano is not the first cryptocurrency coin and company to enter the IoT space, it is actually the third or fourth. Behind IOTA and a number of other coins still in space. However, the excitement and expectation surrounding this coin is that the company conducted a very interesting market research before embarking on this journey.

Nano used the YouTube channel to connect with its community, and the feedback it received was invaluable to the company. The public’s reaction to the YouTube channel and its content made it very clear what was expected of them and what they should do for the company.

Taking this step to diversify its business, the company has the potential to become a global brand in the IoT industry with this product. The company’s coin, NANO, is also listed on many exchanges. This is a very high reason for the widespread acceptance of the coin in the market and the rise in price.

Price increase is expected more

Over the past week, the price of nano has increased by more than 90%. And a 250% increase over the last two weeks. Two weeks ago, the price was $ 1.52. Price / value increase is associated with many reasons. Among them is the fact that the company’s coin NANO is listed and accepted as a cryptocurrency that can be traded on many exchanges and platforms.

The other two reasons are quite intuitive from this article, in that the company is branched into the IoT jungle by the charger and that their initial network stress test resulted in flying colors. It is very important that every cryptocurrency company has the support of society, and it is safe to say that NANO does it. The current price of the coin at the time of writing is $ 3.12.

6 benefits of investing in cryptocurrencies

The birth of bitcoin in 2009 opened the door to investing in a completely new asset class – cryptocurrency. Many entered space early.

Interested in the great potential of these new but promising assets, they bought cryptocurrencies at a low price. As a result, the 2017 bull run saw them become millionaires / billionaires. Even those who did not invest much money earned a decent income.

Three years later, cryptocurrencies are still profitable and the market continues to remain here. You can already be an investor / trader or intend to try your luck. In both cases, it makes sense to know the benefits of investing in cryptocurrencies.

Cryptocurrency has a bright future

According to a report by Imagine 2030 published by Deutsche Bank, credit and debit cards will become obsolete. Smartphones and other electronic devices will replace them.

Cryptocurrencies will no longer be seen as an removed monetary system, but as an alternative to existing monetary systems. Their benefits such as security, speed, minimum transaction fees, ease of storage and compatibility in the digital age will be recognized.

Specific regulations will popularize cryptocurrencies and increase their acceptance. The report predicts that the number of cryptocurrency wallet users will reach 200 million by 2030 and about 350 million by 2035.

Opportunity to be part of a growing community

WazirX’s #India Wants Crypto The campaign was recently completed in 600 days. It has become a mass movement in India supporting the adoption of cryptocurrencies and blockchain.

Also, the recent decision of the Supreme Court to lift the RBI’s ban on crypto banking from 2018 has created a new wave of confidence among Indian bitcoin and cryptocurrency investors.

The 2020 Edelman Trust Barometer Report also shows people’s growing confidence in cryptocurrencies and blockchain technology. According to the findings, 73% of Indians rely on cryptocurrencies and blockchain technology. 60% say the impact of cryptocurrency / blockchain will be positive.

As a cryptocurrency investor, you are part of a growing and fast-growing society.

Increasing Profit Potential

Diversification is the main rule of investment. Especially at a time when most of the assets have suffered huge losses due to the economic difficulties caused by the COVID-19 pandemic.

Although investing in Bitcoin has yielded 26% since the beginning of the year, gold has returned 16%. Many other cryptocurrencies recorded three-digit ROI. As we all know, the stock exchanges performed sadly. Crude oil prices fell below zero in April.

Including bitcoin or any other cryptocurrency in your portfolio will protect the value of your fund in such uncertain global market conditions. This fact was also affected when Paul Tudor Jones, manager of the billionaire macro hedge fund, announced a month ago that he planned to invest in Bitcoin.

Cryptocurrency Markets Available 24X7X365

Unlike conventional markets, cryptocurrency markets operate day and night without fatigue all year round. This is because digital currency systems are designed using pieces of software code protected by cryptography.

The action plan does not involve human intervention. So you are free to trade cryptocurrencies or invest in digital assets at any time. This is a great benefit! Cryptocurrency markets are very efficient in this way.

For example, Bitcoin has successfully processed transactions with 99.98% uptime since its inception in 2009.

Tweet: https://twitter.com/fernandoulrich/status/1185368277557620736

No documentation or paperwork is required

You can invest in bitcoin or any other cryptocurrency anywhere and anytime without unnecessary terms and conditions.

Unlike conventional investment options, which require an absurdly high amount of paperwork to prove yourself as an “accredited investor,” crypto-investment is free for everyone. In fact, this was the purpose behind the creation of cryptocurrencies. Democratization of finance / money.

To buy any cryptocurrency VizierX, you need to open an account, you just need to provide some basic details, including your bank account information. You are ready to leave within a few hours after they are approved.

The only property in the investment

When you buy Bitcoin or any other cryptocurrency, you are the sole owner of that digital asset. The operation takes place in a peer-to-peer agreement.

Unlike bonds, mutual funds, stockbrokers, no third party “manages your capital” for you. You can call sales staff whenever you want.

User autonomy is the biggest advantage of cryptocurrency systems, which offers incredible opportunities to invest in your fixed capital “independently” and build a corps.

These were some of the advantages of investing in cryptocurrencies. We hope you find them useful and convincing enough to start your cryptocurrency investment journey.

Guide to Successful Trading in Major Cryptocurrencies

Cryptocurrency trading has taken the world by storm, and it has become the norm for most traders and investors. If you are willing enough to do research before you start trading, you have a chance to make real growth and profit in the end. The worst thing you can do when it comes to this type of trade is to go into it blindly because it is what everyone else is doing. A little research on major currencies and an in-depth introduction to the basics of buying and trading can make a big difference. Here are some tips to help you succeed in your business.

Take the time to understand how the blockchain works

Blockchain technology has redefined operations and changed everything. A blockchain can be defined as a list of records that are protected by cryptography and converted into related blocks. Blockchains are resistant to data exchange and serve as a public transaction book between the parties. The transparent and decentralized nature of the block chain makes it highly secure, and in the world of breaking it is truly functional and reliable. It solves the problems of manipulation that are becoming clear in the world today. While no one can claim to understand everything that is a blockchain, learning a few basics will give you an easier time with your trading.

Know and learn the best currencies

Due to the popularity of currencies, the virtual currency space is becoming more dense. The fact is that today there are more than 100 cryptocurrencies, which means that you need to know which is the best and most popular, so you can choose the right trade, taking into account the profitability. Bitcoin accounts for half of the entire market with the highest volume, but Litecoin and Ethereum are also in the first place and are overtaking Bitcoin. Learn as much as you can about the currency you are interested in. The more you know, the better you will be at making decisions; In fact you can trade with more than one cryptocurrency without any problems.

Consider native risks

Bitcoin and other currencies are very volatile compared to stock exchanges and gold. Remember that this is still a technology in its early days and faces many challenges. The probabilities of profit are very high, but the risks are the same. Public opinion on a currency can actually affect its prices. Anything that goes up will definitely go down, so be careful with the trades you make. The higher the risks, the higher the rewards, but also ready for losses. Regardless of the cryptocurrency you choose, the best thing you can do is track events that can affect prices and move fast.

Once you know everything that is important in cryptocurrency trading, you can proceed and open a brokerage account and finance it, and then start buying and selling currency. The rewards are many for enthusiastic traders.

A brief history of Bitcoin

Bitcoin is the world’s main cryptocurrency. It is a peer-to-peer currency and trading system based on a public book based on a decentralized consensus called a blockchain that records all transactions.

Now, bitcoin was invented by Satoshi Nakamoto in 2008, but it was the product of decades of research on cryptography and blockchain, and not just one man’s work. It was a utopian dream of cryptographers and proponents of free trade to have a borderless, decentralized currency based on blockchain. Their dream is now coming true with the growing popularity of bitcoin and other subcoins around the world.

Now the cryptocurrency was first placed on a consensus-based blockchain in 2009 and traded for the first time that year. In July 2010, the price of bitcoin was only 8 cents, and the number of miners and nodes was very small compared to the current number of tens of thousands.

Within a year, the new alternative currency rose to $ 1 and became an interesting prospect for the future. Mining was relatively easy, and people made good money by trading, and in some cases even paid with it.

Within six months, the currency doubled again to $ 2. Although the price of Bitcoin is not stable at a certain price point, it has been demonstrating this crazy growth pattern for some time. In July 2011, the coin suddenly rose in price and reached a record high of $ 31, but the market soon realized that it was overestimated compared to earnings on the ground and adjusted it to $ 2 again.

There was a healthy increase to $ 13 in December 2012, but the price would soon explode. In the four months to April 2013, the price rose to $ 266. It was later raised to $ 100, but this astronomical increase in price increased its stardom for the first time, and people began to argue with Bitcoin about the real-world scenario.

About that time I got acquainted with the new currency. I had my doubts, but the more I read about it, the clearer it became that the currency was the future, because there was no one to manipulate it or apply it to it. Everything had to be done by full consensus, and it was he who made it so strong and liberating.

Thus, 2013 was a year of leaps and bounds for the currency. Big companies began to openly prefer bitcoin, and blockchain became a popular topic for computer science programs. At the time, many people thought that bitcoin served its purpose and would now be located.

However, the currency became more popular, bitcoin ATMs were set up all over the world, and other competitors began to flex their muscles in different corners of the market. Ethereum developed the first programmable blockchain and launched Litecoin and Ripple as a cheaper and faster alternative to bitcoin.

The $ 1,000 magic figure was first broken in January 2017, and has quadrupled since then until September. This is a truly remarkable achievement for a coin worth only 8 cents seven years ago.

Bitcoin even survived the hard fork on August 1, 2017, and has risen nearly 70% since then, and even fork bitcoin cash has been somewhat successful. All this is due to the attractiveness of the coin and the star blockchain technology behind it.

Although ordinary economists claim that this is a bubble and the whole cryptocurrency world will collapse, this is not the case. There is no such bubble, because it is a fact that fiat currencies and money transactions corporations eat shares.

The future is extremely bright for bitcoin, and it is never too late to invest in it, both short-term and long-term.

As technology advances at a faster rate, safety products are needed

One of the many goals for which cryptocurrency (CC) was first invented was to create a secure digital operating system. The technology used was Blockchain and still is. Blockchain systems are designed to withstand the problems that are common in online financial systems that use older technology – such as account hacking, fake payment authentication, and website phishing scams.

Blockchain itself works on peer-to-peer global accounting networks (distributed books) that are secure, inexpensive and reliable. All over the world, transaction records are stored on blockchain networks, and as these records are distributed to the entire user community, the data is essentially resistant to modification. No piece of data can be changed without replacing all the other blocks in the network, which requires a deal of the majority of the entire network – millions of controllers. BUT – what if a website seems like a gateway to a legitimate cryptocurrency exchange or a cryptocurrency wallet product, but is really a website designed to deceive you into spreading information? You don’t have Blockchain security at all – you just have another phishing scam and need to be protected from it all.

MetaCert is a company that says it is dedicated to protecting the safety of internet users, and its core security product can be used to protect businesses from a number of malicious threats, and they now have a product designed to keep CC fans safe. This new product is called “Kryptonite” and is designed to be installed as a browser application. Available browsers are based on SSL certificates that show users a small padlock in the browser’s address bar. For years, SSL Certificates have assured users that phishing sites also use SSL Certificates to keep the website genuine – not so fast, so users can be deceived when the website is not legitimate. Once added to your web browser, Cryptonite will display a shield next to the address bar. If the website is considered “safe”, this shield will turn from black to green. MetaCert says they have the world’s most advanced threat intelligence system with the world’s largest database of secret URLs for security.

Staying safe is always a good thing, but as technology advances at an ever-increasing rate, more security products may be needed in the future. There is a promising Quantum Computing (QC) on the horizon. QC is considered by many to be one of the greatest technological revolutions of our time. Using the power of quantum mechanics, QC machines will be able to perform more complex tasks and achieve speeds previously unattainable. Traditional computers are based on a binary model using a key system that can be represented by 1 or 0. called ‘superpositions’. The ability to be two at the same time is what makes QC so much faster. For more than two years, Google has announced that their quantum prototype is 100 million times faster than any other computer in the laboratory. The development of this technology is progressing faster and faster. The first quantum computer was released in 2011 by California-based D-Wave. D-Wave’s machine is equipped with a processor with 16 quantum computing units called QUBITS. Since then, industry leaders such as IBM and Microsoft have announced their quantum programs. This trend will lead to an exponential increase in the number of QUBITS that these new machines can drive in the next few years. While quantum computing has the potential to make significant progress in many areas and provide innovative solutions to some of the most complex problems, it will no doubt create the need for improved security, as these machines will also have the power to help hackers in their daring endeavors. deeds. As in all other online spaces, protection and security will always be required in the cryptocurrency space.

Stay tuned!

Start with crypto

Investing in the cryptocurrency market can be a little daunting for a traditional investor, as investing directly in Cryptocurrency (CC) requires the use of new tools and the adoption of some new concepts. So, if you decide to dip your toes in this market, you will want to have a very good idea of ​​what to do and what to expect.

CC trading requires you to choose an Exchange that deals with the products you want to buy and sell, be it Bitcoin, Litecoin or any of the more than 1300 other symbols in the game. In previous publications, we have briefly described the products and services available on several exchanges to give you an idea of ​​the different offers. There are many exchanges to choose from, and they all work in their own way. Look for things that are important to you, such as:

– Deposit policy, methods and costs of each method

– Withdrawal policy and costs

– What fiat currencies are used to make deposits and withdrawals

– The products they are engaged in, such as cryptocurrencies, gold, silver, etc.

– Operating expenses

– Where is this Exchange located? (USA / UK / South Korea / Japan …)

Be prepared for the Exchange setup procedure to be detailed and lengthy, as exchanges want to know a lot about you. It’s like opening a new bank account, because stock exchanges are brokers of valuables and they want to make sure that you are the person you are talking about and that you are a reliable person. Apparently, “trust” is gained over time, because exchanges usually allow you to start with only small investment amounts.

Your exchange will store your CCs for you. Many offer a “cold storage”, which means simply keeping it “offline” until you indicate that you want to do something with your coins. There are several reports of stock market crashes and the theft of many coins. Imagine that your coins are on something like a bank account on the Exchange, but remember that your coins are only digital and all blockchain transactions are irreversible. Unlike your bank, these exchanges do not have deposit insurance, so keep in mind that hackers are always trying to do their best to take your cryptocurrencies and steal them. Exchanges generally offer password-protected accounts, and many offer two-factor authorization schemes – something you need to think seriously about to protect your account from hackers.

Given that hackers love to hunt stocks and your account, we always recommend using a digital wallet for your coins. It is relatively easy to transfer money between your exchange account and your wallet. Make sure you choose a wallet that handles all the coins you want to buy and sell. Your wallet is also a device that you use to “spend” your money with merchants who accept CCs for payment. There are two types of wallets: “hot” and “cold”. Hot wallets are very easy to use, but they leave your money open on the Internet, but not on the Exchange server, only on your computer. Uses offline storage devices such as cold purses, special hardware memory sticks and simple printed documents. Using a cold wallet complicates operations, but they are the safest.

Your wallet has a “private” key that allows all the transactions you want to start. You also have a “public” key shared on the network so that all users can identify your account when they participate in a transaction with you. Hackers can move your coins wherever they want when they get your private key, and this is irreversible.

Despite all the challenges and wild variability, we are confident that key blockchain technology is a game changer and will revolutionize how transactions are conducted in the future.

The best books on cryptocurrency

Sovereign Individual ~ by James Dale Davidson and William Rees Morg

Sovereign Person is one of the books that will change your worldview forever. It was published in 1997, but you will be amazed at how much it expects the impact of blockchain technology. With the transition from industry to the information age, we are entering the fourth stage of human society. You need to read this book to understand how things will change.

As it becomes easier to live comfortably and earn money anywhere, we already know that in the new information age, those who really develop will be employees who are not tied to a single job or career and do not depend on space. The desire to choose where to live based on price savings is already more appealing, but it goes beyond digital mobility and free concerts; the foundations of democracy, government and money are changing.

The authors predicted the collapse of Black Tuesday and the Soviet Union, where the growing power of individuals would coincide with decentralized technology escaping the power of governments. The number of deaths will be private, digital money for the nation-states they predict with an extraordinary assumption. When this happens, the dynamics of governments will change, like stationary bandits robbing hard-working citizens of taxes. If you are someone who can solve people’s problems anywhere in the world, then you are about to enter a new cognitive elite. Don’t miss it.

Option Quote: “As technology becomes mobile and cyberspace operations become more and more popular, governments will no longer be able to charge people more for their services.”

Sapiens: A Brief History of Mankind ~ Yuval Noah Harari

When I want to impress someone with how beautiful this book is, I ask, “Do you want to know the main difference between humans and monkeys? A monkey can jump up and down on a rock, wave with a stick, and shout at his friends. He sees a danger in front of them.” Danger! Danger! A lion! “A monkey can also lie. He can jump up and down on a rock, and in fact, when there is no lion, he can wave with a stick and shout about a lion. He is just stupid. and swing a stick around and shout, “Danger! Danger! Dragon!”

Why is this? Because dragons are not real. As Harari explains, the human imagination, our ability to believe and talk about things we have never seen or touched, has enhanced our ability to collaborate with strangers. There are no gods, no nations, no money, no human rights, no laws, no religions, and no justice beyond human imagination. We are the ones who do them.

All this is a great preamble to our current situation. After the Cognitive Revolution and the Agricultural Revolution, Harari directs you to the Scientific Revolution, which began only 500 years ago and can begin something completely different for humanity. But the money will remain. Read this book, money is the greatest story ever told, and trust is the raw material from which all kinds of money are minted.

Choice Quote: “Sapiens, on the other hand, live in a triple reality. In the world of Sapiens, in addition to trees, rivers, fears and desires, there are also stories about money, gods, nations and corporations.”

Money Internet ~ by Andreas M. Antonopoulos

If the two books mentioned above help to understand the historical context in which Bitcoin first appeared, this book expands the topic of “why” with contagious enthusiasm. Andreas Antonopolous is perhaps the most respected voice in the crypto space. He has been traveling the world as a Bitcoin evangelist since 2010, and this book is a summary of his conversations between 2013 and 2016, all of which are being prepared for publication.

His first book, Mastering Bitcoin, provides an in-depth technical look at technology, mostly aimed at developers, engineers, software and system architects. However, this book uses some choice metaphors to explain why you can’t ban or turn off Bitcoin, how important scale discussions are, and why you need the help of designers to mass-produce Bitcoin.

He writes: “When you drive your new car for the first time in a city, you walk on roads used by horses with infrastructure designed for horses. There are no traffic lights. There are no traffic rules. There is no asphalt. Roads. What happened? Car balance and four legs But go fast for a hundred years, and once ridiculed cars are the norm. If you want to swim in the philosophical, social, and historical consequences of Bitcoin, this is your starting point.

Option Quote: “Bitcoin is not just money for the internet. Yes, it is the perfect money for the internet. It is instant, safe, free. Yes, it is money for the internet, but more than anything. Bitcoin is the internet. It is a currency. Currency is only the first application. If you do, you can look beyond price, you can look beyond volatility, you can look beyond fashion. Bitcoin in itself is a revolutionary technology that will change the world. Forever. Join. “

What is Bitcoin and why is cryptocurrency so popular?

Bitcoin has been a buzzword in the financial space. In fact, Bitcoin has blown the scene in the last few years, and many people and many large companies now want to take action by jumping into the Bitcoin or cryptocurrency bandwagon.

People are completely new to the cryptocurrency space, constantly asking this question; “What is Bitcoin really?”

For starters, bitcoin is actually a digital currency that is beyond the control of any federal government, it is used all over the world and can be used to buy things like food, drinks, real estate, cars and other things.

Why is Bitcoin so important?

Bitcoin is not sensitive to things like government control and changes in foreign exchange rates. Bitcoin is supported by the full confidence of the individual (you) and is strictly peer to peer.

This means that everyone completes transactions with Bitcoin, the first thing they understand is that using it is cheaper than trying to send money from bank to bank or using any other service that requires sending and receiving money internationally.

For example, if I want to send money to China or Japan, I have to take a commission from a bank, and it will take hours or even days for that money to get there.

If I use Bitcoin, I can easily make it immediately from my wallet, mobile phone or computer without any of these payments. For example, if I wanted to send gold and silver, it would require a lot of guards, and it would take a lot of time and money to move the ingots from place to place. Bitcoin can do it again with the touch of a finger.

Why do people want to use Bitcoin?

The main reason is that Bitcoin is a response to these volatile governments and situations where money is no longer as valuable as it used to be. The money we have now; The paper fiat currency in our wallet is worthless and will be even lower in a year.

We see that even large companies are interested in blockchain technology. A few weeks ago, a handful of Amazon customers conducted a survey to see if Amazon was interested in using a cryptocurrency. The results showed that many are very interested. Starbucks even hinted at using a blockchain mobile app. Walmart has even applied for a patent for a “smart package” that will use blockchain technology to track and authenticate packages.

Throughout our lives, we have seen a lot of changes in our shopping, watching movies, listening to music, reading books, buying a car, looking for a home, and now how we spend money and banking. Cryptocurrency is here to stay. If you haven’t learned yet, it’s time for everyone to fully learn cryptocurrency and take full advantage of this trend, which will continue to evolve over time.