7 Advantages of cryptocurrency

Cryptocurrency is a digital alternative to using credit or cash cards to make daily payments in a variety of situations. It continues to grow as a viable alternative to traditional payment methods, but it still needs to be more stable before normal people fully welcome it. Let’s take a look at some of the many benefits of using cryptocurrency:

Fraud: Any fraud-related problem is kept to a minimum, as the cryptocurrency is digital, which can prevent a reverse or counterfeit payment. This type of action can be a problem with other traditional payment options, such as credit card, due to returns.

Identity Theft: There is no need to provide personal information that could lead to identity theft when using cryptocurrency. If you use a credit card, the store will receive a lot of information related to your line of credit, even for a very small transaction. In addition, credit card payment is based on a pull transaction where a specific amount is charged to an account. With a cryptocurrency payment, the transaction is based on a push basis, which gives the account holder the option to send only the exact amount due without additional information.

Versatile use: A payment by cryptocurrency can be easily made to meet certain terms. A digital contract can be created so that the payment is subject to its realization at a future date, refers to external facts or obtains the approval of third parties. Even with a special contract established, this type of payment is still very fast and efficient.

Easy access: The use of cryptocurrency is widely available to anyone with Internet access. It is growing very popular in certain parts of the world, such as Kenya, which has almost 1/3 of the population using a digital portfolio through the local microfinance service.

Low rates: it is possible to complete a transaction with cryptocurrency without having to pay additional fees or charges. However, if a digital wallet or third-party service is used to maintain the cryptocurrency, there is likely to be a small charge.

International Trade: This type of payment is not subject to country-specific taxes, transaction charges, interest rates or exchange rates, allowing you to complete cross-border transfers with relative ease.

Adaptability: With nearly 1,200 unique types of cryptocurrency in the global marketplace, there are many opportunities to use a payment method that matches specific needs. While there are many options for using coins for everyday use, there are also options for a specific use or in a particular industry.

5 Tips to Consider Before Investing in Cryptocurrencies

Want to invest your hard earned money in cryptocurrency? If so, make sure you meet the criteria before making the final decision. Regardless of important factors, you may risk losing your money. There are many cryptocurrencies, such as Blockchain or Bitcoin. In this guide, we’ll share some tips you can follow before depositing your money. Read on for more information.

1. Don’t invest too much

First, don’t invest an amount you can’t afford to lose. In other words, it should be an amount of money you don’t need to meet your routine needs. In case you lose your investment, your life should not be affected. It is not a good idea to take out a consumer loan to invest in cryptocurrency.

2. Study the subject first

Before investing, be sure to study the topic first. After all, it’s not a good idea to invest in something you have no idea about. For example, will you buy a house without looking at it from all sides? No one will.

However, this does not mean that you have to become an expert before making this investment. What you need to do is understand the general terms related to the industry.

3. Diversify your investments

Another thing is to focus on diversification. In fact, this concept is important regardless of the type of field in which you want to do business.

In other words, you may not want to invest all of your money in one business. For example, if you have 10 eggs, you may not want to put them all in one basket. Use two baskets. That way, even if you drop a basket and break all the eggs, you’ll still have half the eggs in the second basket.

So, all you have to do is invest your money in different companies, such as real estate and cryptocurrencies.

4. Transfers between exchanges

Make sure you use a good cryptocurrency platform. With the help of this platform, you can buy any of the popular cryptocurrencies like ETH and BTC. If you want to buy a different currency, you have to transfer the currency to an exchange. In these exchanges, you can change your currency pair without any problems.

5. Do your own research

As stated above, you may want to do your research before making a move. Investing based on the advice of a friend or family member is not a good idea. You can use different means to do homework, such as Google, Skype, Discord, Telegram, Twitter, discussion forums, and white paper, to name a few. It is important that you take your time before putting money into a project.

So, be sure to follow these tips before investing your money in the world of cryptocurrency. This way, you can avoid the most common mistakes that most investors make. I hope this helps.

Crypto TREND – Second edition

In the first edition of CRYPTO TREND we introduced Crypto Currency (CC) and answered several questions about this new market space. There is a lot of NEWS in this market every day. Below are some highlights that give us a look at the new and exciting space in this market:

The largest futures exchange in the world to create a futures contract for Bitcoin

Terry Duffy, president of the Chicago Mercantile Exchange (CME), said, “I think at some point in the second week of December you’ll see our [bitcoin futures] contract for the list. Bitcoin cannot be shortened today, so there is only one way. Either buy it or sell it to someone else. So create a bilateral market, I think it’s always a lot more efficient. “

CME intends to launch Bitcoin futures later this year pending a regulatory review. If successful, this will provide investors with a viable way to go “long” or “short” to Bitcoin. Some exchange traded fund sellers have also requested bitcoin ETFs that track bitcoin futures.

These developments have the potential to allow people to invest in cryptographic space without having to fully own CC, or use the services of a CC exchange. Bitcoin futures can make digital assets more useful by allowing users and intermediaries to hedge their exchange rate risks. This could increase the adoption of cryptocurrency by traders who want to accept payments with bitcoins, but distrust its volatile value. Institutional investors are also accustomed to trading regulated futures, which are unaffected by money laundering concerns.

The CME move also suggests that bitcoin has become too big to ignore, as the exchange seemed to rule out cryptocurrency futures in the recent past. Bitcoin is pretty much everything anyone talks about in brokers and trading companies, which have suffered amid growing but unusually placid markets. If futures on one stock market soared, it would be nearly impossible for any other stock market, such as CME, to catch up, as scale and liquidity are important in derivatives markets.

“You can’t ignore the fact that this is increasingly becoming a story that won’t go away,” Duffy said in an interview with CNBC. There are “major companies” that want access to Bitcoin and there is a “huge accumulated demand” from customers, he said. Duffy also believes that incorporating institutional traders into the market could make bitcoin less volatile.

A Japanese people will use the cryptocurrency to raise capital for municipal revitalization

The Japanese people of Nishiawakura are investigating the idea of ​​holding an initial coin offering (ICO) to raise capital for municipal revitalization. This is a very new approach and you can ask for help from the national government or seek private investment. Several ICOs have had serious problems and many investors are skeptical about the fact that any new testimony has value, especially if the ICO turns out to be another joke or scam. Bitcoin was certainly no joke.

INITIAL CURRENCY OFFER – (ICO)

We didn’t mention ICO in the first edition of Crypto Trend, so let’s mention it now. Unlike an initial public offering (IPO), in which a company has an actual product or service for sale and wants you to buy shares in their company, any ICO can have an ICO that wants to start a new Blockchain project with the intent to create a new witness in his chain. ICOs are unregulated and several have been a total disgrace. A legitimate ICO, however, can raise a lot of money to fund a new project and Blockchain network. It is typical for an ICO to generate a high token price near the start and then return to reality shortly thereafter. Because an ICO is relatively easy to maintain if you know the technology and have a few dollars, there have been many and today we have about 800 tokens at stake. All of these tokens have a name, they are all cryptocurrencies, and except for the well-known tokens, such as Bitcoin, Ethereum, and Litecoin, they are called high currencies. At this time, Crypto Trend does not recommend participating in an ICO, as the risks are extremely high.

As we said in No. 1, this market is the “wild west” right now and we recommend caution. Some investors and early adopters have made huge profits in this market space; however, there are many who have lost a lot, or all. Governments are considering the regulations as they want to know all the transactions to tax them all. They all have huge debt and are charged cash.

To date, the cryptocurrency market has avoided many problems and financial pitfalls from government and conventional banks, and Blockchain technology has the potential to solve many more problems.

A great feature of Bitcoin is that the creators chose a finite number of coins that can never be generated (21 million), thus ensuring that this cryptocurrency can never be inflated. Governments can print as much money (fiat currency) as they want and inflate their currency to death.

Future articles will delve into specific recommendations, but make no mistake, as early investment in this sector will be only for your most speculative capital, money you can afford to lose.

CRYPTO TREND will be your guide if and when you are willing to invest in this market space.

Stay tuned!

How cryptocurrency works

Simply put, cryptocurrency is digital money, designed securely and anonymously in some cases. It is closely associated with the Internet making use of cryptography, which is basically a process where readable information becomes code that cannot be broken so that it can address all transfers and purchases made.

Cryptography has a history dating back to World War II, when there was a need to communicate in the most secure way. Since then, it has evolved and digitized today, where different elements of computer science and mathematical theory are used to ensure online communications, money and information.

The first cryptocurrency

The first cryptocurrency was introduced in 2009 and is still well known around the world. Since then, many more cryptocurrencies have been introduced in recent years and today you can find so many available on the Internet.

How they work

This type of digital currency makes use of decentralized technology to allow different users to make secure payments and also store money without necessarily using a name or even going through a financial institution. They are mainly executed in a chain of blocks. A blockchain is a general ledger that is distributed publicly.

Cryptocurrency units are usually created through a process known as mining. This usually involves the use of a computer. Doing it this way solves the math problems that can be very complicated in coin generation. Users can only buy coins from brokers and then store them in cryptocurrencies where they can spend them very easily.

Cryptocurrencies and the application of blockchain technology are still in their infancy when it comes to financial terms. More uses may arise in the future, as it is not known what will be invented more. The future of the transaction in stocks, bonds and other types of financial assets could be traded very well using cryptocurrency and blockchain technology in the future.

Why use cryptocurrency?

One of the main features of these coins is the fact that they are secure and offer a level of anonymity that you may not get anywhere else. There is no way to reverse or falsify a transaction. This is by far the most important reason why you should consider using them.

The fees charged for this type of currency are also quite low and this makes it a very reliable option compared to the conventional currency. Because they are decentralized in nature, anyone can access them, unlike banks, where accounts are only opened through authorization.

Cryptocurrency markets offer a new format of cash and sometimes the profits can be excellent. You may make a very small investment only to find that it has become something fantastic in a very short period of time. However, it is still important to keep in mind that the market can also be volatile and that there are risks associated with buying.

Can I create my own cryptocurrency?

So that you can create your own cryptocurrency, here are some of the things you need to follow.

Build a chain of blocks

The first step towards creating the best cryptocurrency is to build a blockchain. Blockchain technology is the background and all the cryptocurrencies you see in the world today. A chain of blocks contains the details of each cryptocurrency.

It is a major book that shows the background of all the cryptocurrencies you have. It also shows more details about who was the owner of the cryptocurrencies previously.

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All the programs you see on the Internet are made of a code. It is the same case with cryptocurrency. Fortunately, most cryptocurrencies are made with the same code. Mainly, cryptocurrencies are manufactured using C ++ code. You can outsource all the code you need from GitHub and use it to create your cryptocurrency. However, the code will vary depending on your details. If your blockchain is longer and faster, you need to add programs for it. Generally, programs can range from a week to several months when a blockchain is made.

To get the best cryptocurrency, you need to make sure that you have set the highest level of security to observe. There are hackers everywhere and it is always your role to alienate them. One powerful tool that has been used to alienate hackers is the use of the private and public key. This is because each key is generated from the previous key. By using encryption, each key can be traced from the first transaction ever made.

You also need to make sure you create a group of miners. For a stable cryptocurrency like bitcoin? anyone can be a miner. A miner does two things.

-Create the cryptocurrency

-Authenticates the cryptocurrency.

You need to form a standard way to create and authenticate your cryptocurrency.

Access the needs of the market

Many cryptocurrency experts have said that the most important part is accessing the needs of the market. You should be interested and observe what other cryptocurrencies do not offer and offer them yourself. If we look at the largest cryptocurrency on the market, bitcoin today.

It was formed to make a transaction faster in the online world. Bitcoin also gained a lot of recognition because it was able to hide the identity of users. They remained anonymous, but a legitimate transaction could still be made. These are the most important parts to keep in mind when creating a cryptocurrency.

To get a very successful cryptocurrency, you need to make sure that you are able to do proper marketing of your cryptocurrency. This means going to merchants and asking them to accept your cryptocurrency as a form of payment. These are usually some of the best ways to create cryptocurrency.

Cryptocurrency security: Bitmarque review

If you are looking for a reliable custody service for your digital assets, you may want to consult Bitmarque. Started in 2017, Bitmarque is a different cold storage solution, which contains no point of error.

The blockchain experts behind this service use military-level security systems and a secure offline portfolio. They have tried to bridge the gap between insurance and cryptocurrencies.

In fact, Bitmarque has introduced real and unique insurance for deep refrigerated storage, which is a type of consortium for affected investors.

In fact, the beauty of this new service is that it provides peace of mind to investors.

When it comes to cryptocurrency, the biggest problem facing currency holders is security. In other words, they worry about losing their digital money. This is where Bitmarque comes to the rescue.

The company has its own digital assets, many financial institutions and offline assets, which is why it is the only provider of secured custody services for those who have cryptocurrency.

Let’s take a closer look at this service.

What is Bitmarque?

As stated above, Bitmarque is a unique service as it offers a secure custody service for cryptocurrency holders.

This service is a pure cold storage solution. It is a combination of multi-sig approvals and smart contracts with deeper protection methods. Therefore, this system is secured by a powerful financial consortium. Therefore, it offers a financial consortium that provides your currency with a high level of security. Your deposits will be safe. You don’t have to worry about them.

How secure will your funds be?

The vendor uses military-level security protocols, offline systems, and cold storage. For added security, the systems are installed worldwide in secret locations. In addition, they make use of a series of encrypted firewall layers for maximum protection.

Because there are many approval systems, you can be sure that digital assets will not go anywhere, no matter what type of threat there may be. Company employees or senior management will not have full access to your assets unless you provide your consent.

How does the service protect your digital resources?

If you’re concerned about protecting your digital assets, you know that security protocols are as secure as those used by the military. The company has a technological solution that offers a high level of encryption and security protocols. The use of smart contracts and physical warehouses located in different secret places around the world ensure that your digital assets are always in good hands.

Supported cryptocurrencies

You can deposit Litecoin and Bitcoin, but you can also contact Bitmarque for information on other currencies. However, they support other cryptocurrencies.

Cost

If you want to join the service, you have to pay a one-time registration fee and a small monthly amount and the bank transaction fee. For more information, you can contact Bitmarque.

Join without recommendation

You cannot join without any recommendation unless you meet certain criteria. It is best to contact the company to discuss the issue.

So this was a brief review of Bitmarque. I hope this helps.

What is Bitcoin and why is cryptocurrency so popular?

Bitcoin has been the buzzword in the financial space. In fact, Bitcoin has exploded into the scene in recent years and many people and many large companies are jumping on the Bitcoin or cryptocurrency that want a share of the action.
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People are totally new to the cryptocurrency space constantly asking this question; “What is Bitcoin really?”

Well, for starters, bitcoin is actually a digital currency that is out of the control of any federal government, is used around the world and can be used to buy things like your food, your drinks, real estate, cars and other things.

Why is Bitcoin so important?
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Bitcoin is not susceptible to things like government control and fluctuations in foreign currencies. Bitcoin is backed by the full faith of (you) of the individual and is strictly equal to equal.

This means that anyone makes transactions with Bitcoin; the first thing they realize is that it is much cheaper to use than trying to send money from bank to bank or using any other service that requires sending and receiving money internationally.
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For example, if you wanted to send money to say let’s go to China or Japan, you would have to have a commission from a bank and you would have to spend hours or even days for that money to arrive.

If I use Bitcoin, I can easily do so from my wallet, mobile phone or computer instantly without any of these charges. If I wanted to send, for example, gold and silver, it would require a lot of guards, it would take a lot of time and a lot of money to move the ingots from one point to another. Bitcoin can do it again with one finger.

Why do people want to use Bitcoin?

The main reason is that Bitcoin is the answer to these destabilized 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 portfolios is worth nothing and in a year it will be worth even less.

We’ve even seen big companies show interest in blockchain technology. A few weeks ago, a survey was conducted of a handful of Amazon customers whether or not they would be interested in using a cryptocurrency if Amazon creates one. The results of this showed that many were very interested. Starbucks even hinted at the use of a blockchain mobile app. Walmart has even applied for a patent on a “smart package” that will use blockchain technology to track and authenticate packages.

Throughout our lives we have seen many changes in the way we shop, the way we watch movies, the way we listen to music, read books, buy cars, look for houses, now how we spend money and banking. . The cryptocurrency is here to stay. If you haven’t already, it’s time for someone to fully study cryptocurrency and learn how to make the most of this trend that will continue to thrive over time.

The basic concepts of cryptocurrency and its operation

In the times we live in, technology has made an incredible breakthrough compared to any other time in the past. This evolution has redefined human life in almost every aspect. In fact, this evolution is a continuous process and therefore human life on earth is constantly improving day by day. One of the latest inclusions in this regard is cryptocurrencies.
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Cryptocurrency is nothing more than digital currency, designed to impose security and anonymity in online monetary transactions. Use cryptographic encryption to generate currency and verify transactions. New coins are created through a process called mining, while transactions are recorded in a public ledger, called a Transaction Block Chain.

Small setback

The evolution of cryptocurrency is mainly attributed to the virtual world of the web and involves the procedure of transforming readable information into code, almost unexplored. Therefore, it becomes easier to track purchases and transfers involving currency. Cryptography, since its introduction in World War II to secure communication, has evolved in this digital age, mixing with mathematical theories and computer science. Therefore, it is now used to secure not only communication and information, but also money transfers through the virtual web.
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How cryptocurrency is used

It is very easy for normal people to use this digital currency. Just follow the steps below:

  • You need a digital wallet (obviously to store the currency)
  • Use your wallet to create unique public addresses (this will allow you to receive the currency)
  • Use public addresses to transfer funds in or out of your wallet

Cryptocurrency wallets

A cryptocurrency wallet is nothing more than a program, which is capable of storing public and private keys. In addition, it can also interact with different blog chains, so that users can send and receive digital currency and also keep track of their balance.

The operation of digital portfolios

Unlike the conventional wallets we carry in our pocket, digital wallets do not store currency. In fact, the concept of blockchain has blended so cleverly with cryptocurrency that coins are never stored in a particular place. Nor do they exist anywhere in cash or in physical form. Only records of your transactions are stored in the blockchain and nothing else.

A real example

Suppose a friend sends you a digital currency, for example, in the form of bitcoin. What this friend does is transfer ownership of the coins to the address of your wallet. Now, when you want to use that money, you have unlocked the fund.

To unlock the fund, you must match the private key in your wallet to the public address to which the coins are assigned. Only when these private and public addresses match will your account be credited and your wallet balance increased. At the same time, the balance of the digital currency issuer will decrease. In digital currency-related transactions, the actual exchange of physical currencies never takes place under any circumstances.

Understanding the direction of cryptocurrency

By nature, it is a public address with a unique string. This allows a user or owner of a digital wallet to receive cryptocurrency from others. Each public address, which is generated, has a matching private address. This automatic match demonstrates or establishes ownership of a public address. As a more practical analogy, you can consider a public cryptocurrency address as your email address to which other users can send emails. Emails are the currency that people send you.

It is not difficult to understand the latest version of technology, in the form of cryptocurrency. You need to have some interest and spend time online to be clear about the basics.