What is Proof of Stake wallet? Why it is important?

Blockchain is the new revolution and there is a lot to explore in this technology. Every now and then we come to know something new or a new term. Proof of stake is a term which is very common in terms of Blockchain and is attracting lot of attention these days.

It is an alternative transaction verification process on Blockchain. Proof of stake works differ than proof of work. Unlike Proof of work, it depends on the Altcoins or Cryptocurrencies you own. The system chooses the forger/miner in a random fashion based on the number of currencies they hold. These forgers can mine and validate the transactions and create new blocks. Proof of stake requires complete ownership and to mine or create new blocks, holders need to put their own asset on stake. If they validate a fraud transaction they will lose rights to validate coins in future and will lose their coins on stake. If they validate right transactions, they will receive rewards. 

Why do we need Proof of stake wallet?

Owning a crypto asset is like owning fiat. You need a wallet to store and keep your asset safe. You will find number of crypto wallets online these days however not all of them will provide you all the benefits hence choosing one of them is a task. One such wallet is a proof of stake wallet which is being adopted by Ethereum and is it is in talks more these days. Coin like Ethereum has adopted this process which means there must be something big or unique with this.

Proof of stake wallet offers you a platform to store your digital currency safe, secure and private. It allows you to generate blocks and earn rewards on the stake of Cryptocurrencies you own. This assures instant and unlimited low fee transactions with high interest on your holdings. You can increase your coins with your holdings and this totally depends on the number of cryptos you hold.

Final thought

This model seems to be attractive, unique and worth giving a thought. There are number of digital wallets emerging to store crypto assets, so the competition is not easy. One must be promising to stand in this volatile digital world. As far as the benefits and advancement of the wallet, Proof of stake wallet surely deserves a chance.

How to build DApps (Decentralized Applications)?

Decentralized applications run on peer to peer network of computers and not on any single computer which means no single person or computer can control these software programs. DApps are the modern way of writing applications on the internet. 

DApps has step by step process:

1. Whitepaper

Basically, white paper is a guide which helps users understand the minute details. The very first step to build a DApp is to publish a white paper with all the features and functionality. Publishing a white paper will make the developers and users from the communities to reach you with the feedback to improve the DApp.

With white paper, you also need a solid roadmap or plan in front of the market. Do not forget to highlight the capabilities and your ideas to build the trust among the community.

2. ICO (Initial coin Offering) Launch

Initial coin offering is the modern way of introducing your coin to the public. This is the time when your token is sold in the market for the first time. You need to announce and explain how you are ICO is going to be. Find the interested communities and share if your DApp will have pre-mined token or available after mining.

It is very important to be transparent in terms of your launch and allocation of tokens. You should publish the distribution of budget in terms of development, market and other essential aspects.

3. Development

So, you have released your white paper and ICOs now it is time for development. Communities will be interested in knowing the progress of the DApp. The best practice is to share weekly and monthly progress in development within the communities.

The developer should focus on,

1.As we know that DApp is decentralized in nature, the source code should be open.

2.The record should be stored in blockchain platform

3.Updating about the development will put the faith of the communities in your DApp and this will set up the base for the token in the market.

4. Launch

It is advised to complete the product before the deadline to meet the expectations of the users. Once your product is developed. While launching the product make sure to release the detailed notes and maintenance plan.

Keep updating your token time to time as mentioned in a white paper to establish a clear vision among the community.

Future of DApps

The present time seems to be on the verge of decentralization which is about to conquer the internet and applications.

Everything that can be decentralized will be decentralized as per David A Johnson.

What are DApps? - All you need to know.

You must have heard or read this word DApps somewhere on the internet mostly while going through cryptocurrencies or blockchain. So, this DApps, commonly known as Decentralized applications is a new model which is being used to develop applications based on blockchain technology. The transparency, flexibility, resilience and distributed characteristics make it revolutionary in today’s world. 

DApps uses existing platform with blockchain technology like smart contracts to develops apps. The apps created are easy and efficient. It does not require much cost and is time efficient too. The idea of this decentralized applications enables direct interaction with end users. DApps possess some characteristics which must in every application is if it is DApps:

Open source: 

DApps are not owned by anyone and the source code is available for all. This adds to the apps as anybody can access codes and contribute.

Decentralized:

As specified by its name, applications should be decentralized. All records should be stored in the public ledger.

Incentivized:

Every Apps has cryptographic tokens and contribution to the value should be rewarded in the token.

Protocol:

The DApps uses Proof of work and Proof of stake algorithm. All DApps should have this algorithm or protocol to generate tokens. These tokens are used to store value and for transaction purpose.

Classification of DApps

Based on its model DApps is classified into three categories.

Type 1

This type of decentralized applications has their own blockchain like bitcoin. Other altcoins like litecoin are also Type 1.

Type 2

Type 2 decentralized applications use the blockchain of type 1 DApps. Type 2 DApps are basically protocols and use tokens for their function. Forex omni protocol.

Type 3

Type 3 decentralized applications used type 2 decentralized application protocol.

What are some Ethereum based DApps

Golem: 

Golem is a type 2 decentralized application to establish the first global market for idle computer power. It is based on Ethereum blockchain and token is termed as GNT.

Siacoin:

Siacoin is a type 1 decentralized coin based on the private blockchain. This token is represented as SC.

The SAFE Network:

This is a type 2 decentralized application based on bitcoin’s Blockchain. It is basically a data storage network.

Augur:

Augur is a type 2 opensource decentralized prediction market platform based on Ethereum’s blockchain. The coin is represented as REP.

DApps is a wave to the cryptographic token and blockchain technology and is going to be the world’s largest software corporation in terms of decentralization.

Top Protocol Coins We Must Know About

As we have already explained about protocol coins in our previous article I hope your confusion with the protocol coin is clear now. So, we know the concept but what all protocol coins are available for us and how can we invest in them is still a question. And here I am with the answer. There are many variations in the feature of all the protocol coins itself, let’s talk about a few of them:

Ethereum

Ethereum is one of the oldest protocol came into existence after Bitcoin. Vitalik Buterin, a cryptocurrency researcher proposed Ethereum in 2013. It’s an open source platform which allows developers worldwide to build and deploy decentralized applications. Any centralized service can be decentralized by Ethereum. Applications based on Ethereum never go down and is always up and running.

Ethereum is a very strong token and its programming is used to build smart contract and DApps.

ZRX(0x)

The protocol for trading coins. 

Ox is an open source protocol which is designed to offer a decentralized exchange. As said above Ethereum is used to build smart contracts and ox uses these smart contracts. Ox is designed in a different way with the combination of both centralized and decentralized feature. The founders of 0x Will Warren and Amir Bandeali believes that 0x will simplify the managing of tokens for users. In future, there will be lots of DApps and other protocols which may require interacting with each other but that will be difficult for users to manage the token for different purposes and that is where 0x protocol comes in the picture with liquidity and a great user experience. Ox is versatile, easily available and free to use.

File coin

Not many people know about this coin, however, the coin made history just after the launch in 2017. Yes, you read it right. The initial coin offering of file coin became the largest token selling with $257.The coin is similar to Sia coin but with its own uniqueness. It is a blockchain based decentralized storage network which is still in its development phase. Though the coin has a complete back the coin is not in the market now and is going to have tough competition as the market is already well established as of now.

Few more protocol coins are listed below:

Neo

Eos

Sia

Qtum

Cardano

Blockchain has introduced a number of cryptographic token with different features of monetization. The making of a token is not tough however establishing the genuinity and principal is not every coin’s cup of tea. This is the reason we have coins with failures too. 

Here are the Things You Need to Know Before Buying Bitcoins

Bitcoin is something everyone is aware of. Bitcoin has gone on a bull run last year and proved itself a great investment. No doubt investors consider it their first choice even if it is going down.

Why Bitcoin?

It is sometimes a dream thought that the price of bitcoin is far more than any other currency or coin. One Bitcoin is worth more than a hundred dollars. But what makes it so valuable?

Bitcoin is limited, and this is what makes it valuable. There is only twenty-one million Bitcoin and by the time it is harder to mine as well. This is similar to gold.

Bitcoin is useful too. Bitcoin has used a ledger for payment. It provides an easy payment mechanism and can make cross-border payments as well.

Bitcoin Price

Market is never consistent as with the market there is nothing for sure. There is no hardcore price of Bitcoin. You can always buy bitcoin from exchanges with the listed price. Generally, you can check the price at coinmarketcap.

Bitcoin has gained value at a very fast pace. Before investing in Bitcoins, you should always go through the price history and its financial stability.

Strategy

Any investment demands strategy. You should have a strategy of your own with the knowledge of the market. There are whales in the market to eat bitcoins and it is always hard for a newbie to enter the market without losing their initial investment.

I follow the strategy of investing as per the average model. Never invest all of your money at once.  Choose different prices to invest in. The average price of your investment will be lower and can save you from a big loss.

You can also hold bitcoins for long and this requires much more knowledge of market and luck as well.

How to invest

This factor totally depends on your country. Countries like the United States, UK, Canada offers more options. Find exchanges where you are allowed to trade. Coinbase, Binance, Bittrex, etc are reliable exchanges and offers more options as well. Once you find your exchange you need to sign up with your details and you can explore the platform as per your need.

It is always important to understand where you are investing and how does that work. Bitcoin has gained popularity so fast however it is still new and there is much more to explore in bitcoin. It takes a lot of time to understand how it works and its impact on the physical world.

Protocol Coins or Tokens, a Beginner’s Guide.

Crypto world is full of different types of tokens or coins with hell lot of confusion with their concepts. A similar new concept of Protocol token is here with no past just adds to the crypto world. The term protocol coin is totally new for all of us. As far as I have studied I came to know a lot about the protocol tokens and here I am sharing with you.

Protocol tokens or coins are the cryptographic units that require access to the services provided by the underlying protocol. Applications are created on these protocols just like we have dApps built on Ethereum e.g., EtherDelta, augur etc. Let us understand the concept of protocols.

We all know that the internet is based on a protocol model which is the TCP/IP Protocol model. The top layer is the application layer and uses the protocols such as HTTP, FTP, IP, SMTP etc.  Based on these protocols applications like Google, Facebook, Twitter etc., is made which are now valued in billions. So, the applications based on these protocols has reached to the sky in terms of monitory value, but these protocols have no economic values. Reason being there was no way monetization of the layers and data decentralization. But Blockchain is gonna change this with its decentralized system and cryptographic tokens.

This is a bit difficult to understand as it is totally new, and we are habitual to our existing concept. However, this new decentralized version is soon going to replace the old centralized version.

How it will work:

Distributed database: Blockchain database is not stored at one single location. This layer is to push the value from the application layer to the protocol layer.

Structured database: a structured database is to show the value it is generating with the protocol.

Tokenization: what value it is creating.

This is the reason why the old thin protocol layer is shifting towards a fat protocol layer. We already know some of the protocol coins like ethereum, Qtum, 0x protocol, etc. The new protocol mechanism may help in increasing values of these coins in the future however that is totally my assumption and if you are willing to invest in them, do your own research first.

Crypto world is very unpredictive and at times volatile in nature too. Protocol tokens provide a financial system which is required to drive the economical mechanism however whether it will be implemented or not is still a question.

Blockchain to Allow Gold Trading for Virtual Currencies.

Gold from ancient times is considered as the important asset and money since ever. Soon users will be able to trade in gold as a HongKong based company is working on creating a digital environment where gold can be traded as a virtual currency. Not only gold but the company’s goal is to introduce tangible assists like platinum, diamond, gold, White gold etc. in the trading world.

This new platform is known as Digital Gold Exchange which will allow quick and safe trading without any intermediate interruption. This system will be based on blockchain like cryptocurrencies and any user, company or trader will be able to trade from wherever they are in the world. The system will be totally secure, well designed and easy to use for all age groups.

Elements of DGE

There are three elements of Digital Gold Exchange which together makes this ecosystem. The first element is known as “The Midas Touch Gold” (TMTG). This token will not be the primary asset but will be used to buy other currencies on the platform. TMTG will be used on this platform for internal transactions for real gold as well as decentralized gold. Another element of this ecosystem will be MDG. Traders can buy/sell/exchange MDG using TMTG and can be traded on this platform only. The platform including TMTG and MDG is known as Digital Gold Exchange and it allows trading of real gold at any time.

DGE is developed by a Hongkong based company and was is testing phase in May and June. The company has tested presales of these token between July 10-25. The developers wish to expand this platform globally through international business partnerships. The cryptocurrency TMTG is already listed in the IDCM platform which is one of the Hongkong exchange platforms. The company aims to expand the listing on number or coin exchange platforms and the next platform will be CoinSuper Exchange. It is expected that after gold diamond will also be listed soon in 2019. 

The users holding these coins can get real gold from the branch registered exchange. This project has already established some of the partnership like the one with Korea Gold Exchange which is one of the largest gold merchants.

The news seems to be very positive and it can take the value of Gold to another level. This can increase the liquidity in the market. This is exactly a real currency in the virtual world with real values.

How Blockchain Will Bring Revolution in Gaming.

The blockchain is the new emerging technology and it is making its way in every other field be it cryptocurrencies, Banking, Healthcare, cyber security and what not. Blockchain has stepped into the Gaming world and it is going to revolutionize the gaming world without any doubt. Gaming and Blockchain both are innovative fields with the never-ending competition. Video gaming these days is more than just gaming and blockchain is more than just a technology.

Gaming now a day is itself a business and is involved in paid transactions for coins or various other items. The transactions aren’t secure and there is no transparency. How these transactions are made, what is consistency and whom to interact with and what is the guarantee. Though gamer small or big are involved in gaming, however, there is no ownership of anything.

The blockchain is the solution to every confusion. It’s a digital asset in which transactions aren’t stored in any local computer but on networks of computers and the transactions are valid in any case. Blockchain technology is entirely decentralized and there is no central authority and control is with individual users. If a player is owning virtual goods in-game and buying them, they should be able to sell them or at least own them. This brings the career opportunity, gaming, and blockchain together at the same page.

• The technology will allow gamers to use their characters and goods in parallel games. A parallel gaming environment could be established with total transparency.

• Blockchain can increase the value of gaming virtual goods. There should be a platform to encash, trade and share the gifts and goods earned in the game. Blockchain can make the gaming a digital asset.

• As blockchain uses an encrypted ledger to store assets it is totally a guaranteed and safe storage. The virtual asset will be available for users wherever they go in their virtual wallet.

• Generally, games are in the hand of its developers and there is no legal way to claim your asset however with blockchain decentralization it will be in the hands of the gamers itself and transactions will be transparent. This will bring more trust and more security.

• The blockchain is revolution itself and cannot be hacked. This is the most promising factor to bring revolution in the gaming world as it assures the asset.

Blockchain will impact the gaming world like nothing before. The way people think of gaming will be changed and there will be a whole new level.

How to Trade Cryptocurrencies in India

Cryptocurrency is the new trending and as of now, we all know what cryptocurrency is, so we are not going to talk about that. Knowing cryptocurrency is not enough if you want to make money out of it. Let me tell you how you can trade cryptocurrencies in India.

To trade in cryptocurrencies, you need two things

1.    A cryptocurrency exchanges

2.    A cryptocurrency wallet

To buy or sell any digital currency you need a platform. Cryptocurrency exchange is a platform which allows users to trade in crypto-currencies. So first of all, you need to choose an exchange to create an account.

How to choose a cryptocurrency exchange

1. Currency pair availability

Many exchanges will offer you bunch of coins mainly Ethereum or bitcoins however you need to select the exchange based on the availability of coins you need to trade in as well as the variety.

2. Trading Fee

The only reason you are risking your money is, you want profits. So before using any exchange, it is very important to check the trading fees to prevent your profits to be swallowed.

3. Security

You are investing your money and of course, your money should be secure. The exchange should provide multiple security layers with email and password encryption for every login or transaction, 2-factor Authentication. Multiple security layers increase the security of your account.

4. Minimum/maximum investment

You surely should check what is the minimum/maximum investment and whether it falls in your requirement criteria.

5. Customer support

As this is digital world and everything is actually virtual there are chances of issues in transactions, deposit, withdrawal, etc etc and so we need a dedicated and responsive support team. A good customer support can save a lot of your time.

Choose your exchange platform wisely and open your account. Once your account will be open, the first thing you need to do is complete your KYC.

How to Complete KYC (Know your customer)

To complete the KYC, you need scanned copies of your documents to verify your identity. Remember in any Indian exchange it is important to complete KYC first, however, you do not need it in foreign exchanges.

1.  Aadhar card (front and back)

2. PAN card

3. Bank Account statement with the account number and your name clearly visible

4. Your scanned photograph

After your KYC is done you are all set to start trading. Deposit your INR(money) and once your deposit is credited buy the coins you want to trade in like Bitcoin, Ethereum, ripple, etc.

What is Cryptocurrency Wallet, How to Choose One?

A wallet is something where you store your money so is the cryptocurrency wallet with the difference that you store your virtual money which is cryptocurrencies. So basically, a cryptocurrency wallet is secure digital wallet to store, send and receive any digital currency. If you want to use any cryptocurrency, a cryptocurrency wallet is a must. Every cryptocurrency has their own wallets or there are some third-party wallets for some.

Crypto Wallet

How does a cryptocurrency wallet Works?

So yes, these wallets store virtual currencies(cryptocurrencies) however, there must be some entity in the form of which virtual currency is stored or measured. The tokens are stored in the form of public and private keys which interacts with various blockchains to enable send and receive feature and monitors the balance.

Some wallets you can look to

There is a wide range of crypto wallets as no wallet supports all the coins however few of the wallets support more than one coin. Crypto wallets are secure however the extent depends on the wallet you are using. Do your own research before using any wallet and use official wallet of the coin if available like litecoin core, Bitcoin core wallet Ethereum wallet or MyEtherWallet for Litecoin, bitcoin, and Ethereum based coins respectively.

There are some custodial wallets as well where you do not need to control your private key but are kept on third party company servers. Coinbase is such an exchange where you need to put your tokens in a custodial wallet. You have to have trust in custodians as they make transactions with your tokens on your behalf.

Security

Crypto wallets are secure but as said above the extent to which it is secured depends upon the wallet you are using. The security of your wallet is based upon the best practice.

1. Always use google authenticator for another layer of security.

2.You should not share your wallet password with anyone.

3. Do not store a large number of tokens for long if not in use.

4. Always take a back-up of your account because if you lose your wallet or private key you lose your money.

These wallets aren’t tied with any physical entity, however, all the transactions are stored on the blockchain. Before choosing any wallet, you have to be sure about your intent. There is an unending list of growing wallets but you should take your time to choose one for you. It’s always good to invest in cryptocurrencies and better than that if you are playing safe with your asset.

Tron (TRX) After the MainNet launch, All You Need to Know

Tron (TRX) has been one of the very promising cryptocurrencies since the beginning of its struggle in this mighty crypto market. Tron has been in the eye of many investors and traders for quite a long time. This token is at the 10th position with the market capitalization of $2,794,294,745 as per coinmarketcap.com.

Tron (TRX) has been very much transparent with its investors and the market even before its launch. Tron team is very active and about the development of the token and the fact that all its upcoming updates have already been published in its white paper before its launch. This transparency has gained the trust of the investors across the globe as they are always aware of what is happening with the token.

Development and Status

If we talk about the development of the coin, the coin is in its Odyssey2 phase after the imperial Mainnet launch. Tron team is continuously working in its technical development and various changes have been implemented recently. The interface of the token has been changed and RPC (Remote Procedure Call) has been removed to increase. Multiple payment methods have been introduced and it is now more user-friendly. Tron (TRX) wallet has also undergone few changes during the week and is still under debugging process. Soon they will be testing the optimization of browser wallet.

In our last article, we shared that as per the Tron whitepaper, Tron (TRX) is going to own BitTorrent soon which now has been confirmed. When it comes to entertainment Tron never fails to impact the globe. On June, 11 BitTorrent is officially acquired by Tron, however, no other financial details have been provided. Neither Tron team nor the BitTorrent has commented on the same.

This Mainnet launch has increased expectations from the coin and now it’s the turn of TRON super representative election. Many big companies and organizations have enlisted themselves to be the part of this election. Justin says, “you do not have to be a big organization to be the super representative you just have to submit your server location, official website, team members, and social media accounts”. Surely this election is going to be exciting.

Though we are seeing a huge dip in the price, however, the correction phase will be over soon. Once the price will come to a stable platform, investors’ confidence will be restored. This token has been performing great and justifying its whitepaper and so saying that future of the coin is secure wouldn’t be wrong.

Monero (XRM), Lithium Luna Update and New Listing

Monero, an open source crypto launched in April 2014 by Bitcointalk forum user was initially named BitMonero. BitMonero is a compound of Bit (Bitcoin) and Monero (means coin). The coin was later decided to be named Monero as a short of BitMonero. The Monero coin has set its absolute spectrum in the crypto market due to its high privacy, security and untraceable feature.

The coin is really unique in terms of its privacy and ensures that all the trading transactions of users should be kept confidential which is untraceable as well.

Lithium Luna, the latest update

Recently this coin has come up with its digital walled upgrade. On June 4th, official twitter handle of Monero announced that new Monero update is available for its users. The new Monero version “Monero CLIv0.12.2.0” commonly known as Lithium Luna will be available with full ledger support as per the development team of the coin. This fully-fledged ledger support has been long expected by XRM holders however the Monero development team seems to delay the update however the team soon is going to release GUI binaries for the new update. This new release is expected to be in next week which means X holders can expect GUIT binaries in few days.

This Lithium Luna update isn’t just a small update for the development team as they also changed Proof-of-Work (PoW) algorithm. The team has tightened the belt to make sure that the new update fits in the existing security parameters with the updated features of the Monero coin. That is how Monero cannot compromise on its security and privacy and now is making more safe and secure asset.

Monero listing on Huobi Pro

With the latest launch of lithium Luna, Monero touches the listing to Huobi Pro which surely is a treat for its holders. Huobi pro tweeted that Monero (XRM) will be available with trading pairs BTC and ETH on June 8th and all interested investors will be free to trade XRM on this exchange.

Of course, after the latest update and delisting from two Asian exchanges, Monero needed a big platform to strategically increase its visibility in the market. Korbit and Coincheck decided to delist all the privacy coins including Dash and Zcash with Monero.

So far Monero has maintained its record to be one of the superior coins. Monero (XRM) might have lost two listings but Huobi Pro listing is expected to pull the strength back to skyrocket in following weeks.  

Digibyte (DGB) is Upcoming Gem, a Safe Investment Now

We always talk about well settled, well known and established cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), Tron (TRX) etc. Let’s spread the light to DigiByte. Most of us have not heard about this coin, one because it's new and two because it’s not among the top cryptocurrencies which are the only problem of this coin. DigiByte is currently ranked 49^th in cocinmarketcap.com with the market cap $327,743,271 at the price of $0.031594 with -11.75% rate at the time of this writing.

DigiByte (DGB) is one of the superior currency which offers high scalability, security and is super fast at the same time. The lack of publicity is another reason why so less number of people know about this coin, however, DigiByte team is forming DigiByte Awareness Team with the purpose to increase the awareness among people. The coin has started receiving a positive response from social media and investors too.

Fast forward Blockchain

People who know about DigiByte (DGB) couldn’t stop applauding its superior blockchain which is spread over 200,000 servers and extremely safe. The fact that this coin uses five secure and advanced algorithms couldn’t stop the adoption of artificial intelligence for its progress. Its blockchain is more secure reason being it uses five equally-weighted mining algorithms with its own difficulty level of adjustment. This blockchain implements use of Digisheild with Miltishield to protect the coin from malicious attack.

The DigiByte wallet is available in several significant platforms and is compatible with few third-party wallets of Coinami, Trezor, Nano Ledger, and Exodus. The DigiByte (DGB) wallet is available on Windows, Linux, Mac, Android, and Chrome extension as well.

Read Also: How to start cloud mining

Invest in low, return in high

The coin is in its early stage which means that investing in low now is directly proportional to the returns in high later. Coins like Bitcoin Ethereum has already grown up and is good for stable investments however the new coin with such a great feature is always a good option for higher growth.

The current price of the coin is less than 10 cents which experts are expecting to increase soon. With the blockchain availability of its wallet and easy to use feature will surely going to put this coin in the race soon. DigiByte (DGB) crypto team is doing as much as they can to cover all the lack this coin has to make it one of the most popular currencies. The amazing features and the undervalued position of the coin will surely give a promising future to its investors.  

OmiseGo (OMG) an Altcoin or Much More is Surely Your Next Big Investment.

Omisego (OMG) created by a venture-backed payment services company is a separately operated platform commonly known as a crypto token. Omisego (OMG) is owned by its token holders and not by its venture Omisego. This crypto toke is built on Ethereum platform and uses Proof-of-state(PoS) algorithm.

We have known Omisego as cryptocurrency however its goal is to provide an alternative to online exchanges. Since a couple of months, this 20th best-ranked cryptocurrency has been through some very interesting exchanges which could lead to its growth more.

Listing on Unocoin

As we all know to list to some new exchange is always a good news in terms of new opportunities and growth as coin gets new exposure in the new exchange environment. Unocoin, one of the very absolute promising exchange platform is also among the top Asian exchanges. That being said, this has given Omisego an altogether a great opportunity to probe into the Asian market.

Omisego and Cosmos to be one

Yes, you read it right !! This trending altcoin has announced its “Hard spoon” with another altcoin Cosmos. Hard spoon is different from classic term hard fork in which a crypto coin is basically upgraded resulting in totally new coin like Bitcoin Cash from Bitcoin or just a feature upgrade. In simple terms, a Hard spoon is predominantly merging of two crypto tokens to generate a new token.

It's been long that Omisego and Cosmos are already working towards this merge to give a new crypto asset to the market on the tendermint blockchain. This newly launched asset will surely provide a logical balance to both the cryptos Omisego and Cosmos. So, after this merge, Omisego is supposed to take a rise in its position in the crypto market. There is no specific date announced for the hard spoon event however it is expected to be until the end of June.

Omisego is one of the cryptocurrencies that I believe has provided a good profit to its investors and disappointed at the same time with its value fell to very low numbers. It is a strong currency with always expanding the market. With its upcoming projects, Omisego has already pulled the seat belt and geared its drive. This hard spoon and a new listing are surely gonna be a good news for Omisego traders and I am sure this will increase its price value and market cap. So keep your eye to your token as it is gonna hit something big soon. Cheers !!

How to Start Ethereum, Litecoin, altcoins, Bitcoin Cloud Mining to Become a Millionaire

Cloud mining is the best way to mine some bitcoin or altcoins if you don't have the hardware to mine from your home and hardware mining is riskier than cloud mining, because of the power cost, maintenance, and difficulty increases. Bitcoin attracting more investors because of its huge value raising on these days and few unimaginable predictions are spreading on the internet about the future of cryptocurrencies. So this is the right time for you to mine and own some popular cryptocurrencies if you haven't invested in bitcoin or other altcoins. Already a few investors made millions of dollars from cryptocurrencies using their small investments and its growth is unbelievable.

Cryptocurrency Mining

You need to spend 2000 or 3000 dollars to buy a hardware if you want to do hardware mining. But cloud mining only needs a small investment and no need to worry about the electricity charges or hardware failures. But we need to find a genuine and reputed cloud mining site because of more scams in the name of cloud mining and most of the cloud mining sites are fake and won't pay you properly.

In this post, I am listing two genuine and popular cloud mining websites for you to start mining.

1. Hashflare

Hashflare.io is the best mining site and as a user, we can easily access it to start mining. You can buy hash power from it using your affordable money and after buying, your cloud mining will immediately get started. Payouts will be done at every 24 hours and your earnings predictions will be shown separately on hashflare. So it is easy for you to know how much money you can make per day to a year. You can buy as low as 10 GH/s and maximum 10 TH/s. Other than mining it will pay you 5% of the money who join and invest to hashflare through your referral link. So you can make some more money other than mining using referral option.

2. Genesis Mining

Genesis Mining is the best alternative for hashflare because of its genuine service and popularity. Its major mining cryptocurrency is bitcoin. After your purchasing contract from genesis mining your mining will start immediately and it will be shown on your profile. Payment will be made after every 48 hours. The Genesis Mining website allows you to mine, bitcoin, dogecoin, litecoin, Zcash, monero, ethereum, and dash. You no need to pay any pool fees for mining on this website. You can able to choose four types of the plan which they offer and according to the affordable money you can choose it, starter plan, medium plan, large plan and custom plan.

If you didn't start cloud mining yet, then you should realize this is the right time to generate some coins using these best services. Because cryptocurrencies are the future and it can make you a millionaire. I wish you a happy mining.

Blockchain is Just a Technology or Revolution, How it works

The concept of the internet was a start of the new era on the 1990s and now this new technology "Blockchain" seems to be the same. Blockchain will exactly play the same role in financial sector what internet played in information technology. This new technology is promising enough to make a difference what we think about monetary transactions. The blockchain is a digital ledger of currency transaction that is programmed to record everything of value. By Design, Blockchain technology is decentralized which means any transaction executed is managed by its network not by any central point.

The blockchain is used in cryptocurrency so as to ensure a peer to peer connection platform. Cryptocurrency is a digital currency or we can say digital monetary unit to which blockchain provide advanced encryption techniques. Back in 2008, Blockchain was introduced as a piece of the proposal with the giant digital currency “Bitcoin”. Hence Bitcoin cryptocurrencies are the application of Blockchain technology. The currency which isn’t using this technology till now also have plans to switch, as many of you must have heard about altcoins like EOS, TRX etc.

How Blockchain works

Blockchain provides an additional layer of security to transactions. It’s a connection of records called blocks which are linked and secured using cryptography. Information is stored in these blocks which are shared by everyone connected to the network. These block stores all the information of all the transactions with past details of its usage which is available for public access. There is no need for a central point to manage or approve the transactions and so it eliminates the risk with peer to peer data information transmission.

Another most important fact I got to know about blockchain is that with transparency records are irreversible which of course increases the level of trust towards the technology.

Impact on Financial Sector

Saying that Blockchain will bring revolution to the financial sector wouldn’t be wrong as its just the start and the technology has taken a stand in the sector. Blockchain came into fame with Bitcoin however numerous banks are looking forward to adapting the technology. Banks deal with the number of transactions every day with the risk of Cyber-attack as it is all based on the centralized system. You must have heard about another digital currency ripple. Ripple provides blockchain technology platform to financial institutions to increase the payment efficiency. Ripple facilitates global payment with peer to peer flow with quick verification of transaction.

This new technology is leading wherever it stepped in, let’s see how far it goes. Cheers !!

Holding Tron (TRX)? Here is What You Need to Know - MainNet Launch

The market seems to be disappointing since a week, however, Justin sun, the founder of Tron has given positive signals to Tron holders. Numerous events have been lined up in coming days with the mainnet launch. The coin is strongly holding its place in the market and still in 9^th position as per coinmarketcap.com. Tron has the vision to make the web space totally decentralized. The mainnet launch is surely a good news for Tron Holders as Tron will now have its own Blockchain platform instead of Ethereum’s.

Most of the time after a big event or launch, price takes a dip. That is because the pre-event pump is often more than the expected post-event pump. During the last major event of Tron, there was a huge price dump However, this is very unlikely in this case as multiple events are lined up to balance the dip if happens. So with every second passing, there are speculations to what could happen with the price, a dip or boom most likely positive expected.

Post MainNet Launch

Before the MainNet launch, Tron team has worked on testing of Tron wallet, MainNet and stability operations. The Developers have performed various test to test new tokens on the Tron Wallet and their bug fixing. Developers have improved exception handling and log information. Various modules have been prepared to increase the transaction speed and pressure testing. At this MainNet launch, Tron is to migrate from its existing ERC-20 standards to its own blockchain.

After the MainNet launch Tron also has its virtual machine launch nearby and after that, they have planned token swap event. This swap event will require help from various crypto exchanges and will force users to move their money to the exchange from the wallet they are using. If your token is held in Crypto Exchanges as Bitfinex or Binance you don’t need to take any step, however, if it’s in some other exchange or wallet, which is not listed in the supporting official list you need to transfer the token before it gets too late. Well, there is time for this upgrade so exchanges and holders have plenty of time to switch.

We also have heard that Justin sun is moving towards torrent and there might be a good news in that area too as this fact is mentioned in the Whitepaper. This definitely states that Sun has a great business mind and investing in his business can make you great money as well.

The Ways Cryptocurrencies Could Revolutionize the Automobile Industry

The CEO of Berkshire Hathaway Warren Buffet has said, “Regarding cryptocurrencies, generally, I can say almost with certainty that they will come to a bad ending.” Plenty of people have their doubts and anxieties about blockchain, such as Bitcoin and other cryptocurrencies. However, if they prove to be a long-term success, in what ways could cryptocurrencies revolutionize large industries such as automotive?

Some of the Crypto-Risks to Automotive

Indeed, a cash-based currency system has well-known perils, such as bank liquidity risks. However, cryptocurrency is young in comparison. Therefore, some of the potential dangers are still getting worked out. Moreover, some, naturally, are yet to be discovered. Already significant cases of fraud and malware have occurred. With major industries such as automotive, breaches in security are not only a massive concern but also a current one.

On a more ground-floor level, the risk to car dealers accepting cryptocurrency may be where a big part of the gamble exists. Bitcoin's value can fluctuate more than $400 in a half-hour. Some digital currency services require multiple confirmations before they convert into dollars. These programs can also be slowed down by network congestion. Imagine a line to exchange arcade coins for money, but your arcade coins can drop in hundreds of dollars in a single hour. Now imagine an extensive line ahead of you before you can make your exchange. If you’re dealing with car sales in the range of hundreds of thousands, that can change the profit of your sale significantly.

The Benefits to Buyers and Businesses

Traditionally, in dealing with more hefty purchases of items such as cars, a middleman such as a bank or credit card company is required to complete the transaction. Not only do consumers have to deal with applying for car loans, worry about their credit if it’s less than ideal, but the credit card companies and banks charge fees for their use. These third-parties also store consumer information and their centralized system. Blockchain was created to solve that problem. Cryptocurrency creates a decentralized environment for buyers and businesses where the middleman is no longer in control.

Motorcars of Georgia, a high-end dealership of Lamborghinis and Ferraris, has seen some exciting business with cryptocurrency. In 2013, they started taking payments via Bitcoin—a year in which the cryptocurrency experienced fluctuation as low as $100 up to over $1,000. The dealership now accepts Bitcoin using BitPay. BitPay is a third-party company (so a middleman in a sense is still involved) that permits transactions for a one percent fee to the dealership. In fall of 2017, Peter Saddington, cashed in 45 bitcoins and drove off with a $200,000 Lamborghini Huracan. Saddington, a coder, had early interest and initially bought those 45 Bitcoins for less than $155.

Variations on Cryptocurrency for Cars

Dearborn, Michigan-based Ford Motors was granted a US patent for a cryptocurrency-run technology to power its cars. Cooperatively Managed Merge and Pass (CMMP) is a token-based system, run within its own network and out on the highways. Participating drivers must enable CMMP via GPS, so cars can “talk” to one another. For example, giving information about traffic conditions. In addition, CMMP would gather info on drivers—a potential privacy concern for some. However, it could be helpful regarding the safety of the roads and those who drive them. It allows the user vehicle “preferential lane access” through phases of heavy traffic. This access permits them to weave around the congestion for a price.

MOBI and Porsche

Motor companies like BMW, GM, Renault, and Ford are pioneering partakers in the Mobility Open Blockchain Initiative (MOBI). The mission of MOBI is the test how this technology can effectively and safely obtain data, allow transactions, manage ride-share and car-share transactions, and provide better service in general to buyers. Installing a system like this could have long-term implications. Automobile histories, car sharing and ride sharing, and insurance information will concern some people. However, MOBI believes faster and simpler dealings and more secure data sharing could be a massive upside.

Porsche has also studied the ways that a blockchain server could enhance customer dealings. Because these customers didn’t have to deal with third-party permission, they cited rapid response times for commands on the Porsche blockchain app. Porsche suggested their app could showcase features like unlocking the vehicle, allowing a third-party to use the trunk of the car and speeding the sending, receiving, and storing of information. In the case of car accidents, insurance payments could go through much quicker with blockchain.

If Porsche and organizations like MOBI ensure that security is encrypted, and they use ethical practices, widespread use of not only cryptocurrency but vehicle variations of blockchain may be in the very near future.