Catch-22 legal support for cryptocurrency hacking

The other day I was discussing cryptocurrencies with an acquaintance at our local Starbucks, and he informed me that he was working with a couple of entrepreneurs who had previously been academic experts in IT security. Of course, for cryptocurrencies, everything has to do with secure data transmission and confidence in the intrinsic value of these and zero, or Q-bits. Perhaps I could take a look at their business plan, although these digital currencies have suffered misfortune on the way to the future, I’m sure that will be the norm in the future – this is what the world looks like.

Does this mean that we will have a distribution currency, such as distribution energy in an intelligent network, or distribution information like the Internet? Well, people usually do what works, and it happens both good and bad with centralization and with a distribution backup strategy.

Now, what’s the latest you ask? Well, there are two articles that I read no later than an hour after this meeting when I was making my way through the information I had previously saved to write on the subject later; It’s easy to use – bitcoin itself may fail as a currency, but the underlying technology is starting to offer new valuable additions, “- Paul Ford (February 18, 2014). Note this article was written a few days before the theft of bitcoin from one of their top -exchanges.

Another article was written by Naeth Bynes the day after the results hit the news on February 25, 2014. “Bitcoin is in a hot spot – a major bitcoin exchange is stopping, raising questions about cybercurrency.” Are you surprised? No, me too.

The second article went on to say; “Tokyo’s Mt. Gox, once one of the largest bitcoin cybercurrency exchanges, closed on Tuesday amid rumors that millions could be stolen from firms, and growing concerns about the long-term prospects of an unregulated digital currency. the Hawks and claim they are still open for business. The currency itself has fallen sharply by the middle of the day to just over $ 500. In November, it reached a record high of $ 1,100. “

What do you say to that? Oh. Does this prove that the disbelievers who call it the Ponzi scheme were right? Are they the last to laugh, or is it just an expected evolutionary process of failure, since all the inflections are worked out? Well, consider this thought experiment.

Let’s say there was a hacker in it, let’s say someone hacked the system or stole digital currency. Now digital currency is flying under the radar because it is not recognized even by all the new rules about banks “Too big to refuse” etc. How can digital currency have value? It’s hard to say how indifferently a printed piece of paper with a $ 20 mark can be worth something, it’s not, but it’s worth what it represents if we all agree with it and trust the currency. What’s the difference, it’s a matter of trust, isn’t it?

Okay, let’s say regulators, the FBI, or other industry authorities intervene and bring charges – if they file criminal charges that someone cheated someone else, then how much of that cheating was that? When the State Department of Internal Affairs and Justice set the figure in dollars for this, they involuntarily agreed that the digital currency is real and therefore has value in recognizing it. If they don’t get involved, any fraud that may or may not happen rejects the whole concept, and the media will continue to lower confidence in all digital or cryptocurrencies.

So it’s an insult to the government, regulators and law enforcement, and they can no longer look the other way or deny the trend. Is it time for rules. Well, I personally hate regulation, but isn’t that how it usually starts. Once the concept is regulated, trust is given, but its concept of the digital currency can also undermine the whole strategy of the Single World Currency or even the paradigm of the US dollar (Petro-dollar), and it can also be paid for. Can the global economy withstand such a level of disruption? Stay tuned, guess what we’ll see.

At the same time, what happens next will either make or disrupt these new changes in the way we view monetary value, wealth, online transactions and how the real world will enter our future blurred reality. I just don’t see many people thinking here, but everyone should, one wrong step, and we could all find ourselves in a world of resentment – of all humanity that is. Please consider all of this and think.

Fundamentals of cryptocurrency and how it works

In the times we live in, technology has made tremendous strides in any time in the past. This evolution has redefined human life in almost every aspect. In fact, this evolution is an ongoing process, and so the lives of human beings on earth are constantly improving day by day. One of the latest inclusions in this aspect is cryptocurrencies.

Cryptocurrency is just digital currency, designed to establish security and anonymity in online money transactions. It uses cryptographic encryption to generate currency and verify transactions. New coins are created through a process called mining, and the transactions are recorded in a public book, which is called the Transaction Block Chain.

Low return

The evolution of cryptocurrency is mainly attributed to the virtual world of the web and is a procedure for converting readable information into code, which is almost irreversible. This makes it easier to keep track of purchases and transfers involving currency. Cryptography, secure communication since the Second World War, has evolved in this digital age, merging with mathematical theories and computer science. Thus, it is now used to secure not only communication and information but also money transfers across the virtual web.

How to use cryptocurrency

It is very easy for ordinary people to use this digital currency. Follow the steps below:

  • You need a digital wallet (of course to save money)
  • Use your wallet to create unique public addresses (allows you to receive currency)
  • Use public addresses to enter or exit your wallet

Cryptocurrency wallets

The cryptocurrency wallet is just a software program that can store private and public keys. In addition, it can also interact with different blockchains so that users can send and receive digital currency and also monitor balance.

Operation of digital wallets

Compared to the traditional wallets we carry in our pocket, digital wallets don’t store money. In fact, the concept of the blockchain is so well mixed with this cryptocurrency that currencies are never stored in a particular location. They are nowhere near in money or in physical form. Your transaction logs are only stored in the blockchain and nothing else.

A real example

Suppose a friend sends you digital currency, say 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 need to link the private key in your wallet to the public address assigned to the coins. 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 transactions related to digital currency, the actual exchange of physical coins never takes place.

Understand the address of the cryptocurrency

By default, this is a public address with a special string of characters. This allows the user or owner of the digital wallet to receive cryptocurrency from others. Each public address that is created has a matching private address. This automated game proves or establishes ownership of a public address. As the analogy is more practical, you can use the public cryptocurrency address as your email address to send emails to others. Emails are the currency that people send you.

It’s not hard to understand the latest version of technology as a cryptocurrency. It takes a little interest and spending time online to make the basics clear.

Crypto TREND – second edition

In the first edition of CRYPTO TREND we introduced cryptocurrency (CC) and answered a few questions about the new market space. There is a lot of news in this market every day. Here are some highlights that give us an idea of ​​how new and exciting this market space is:

The world’s largest futures exchange for the creation of a futures contract for bitcoin

Terry Duffy, president of the Chicago Mercantile Exchange (CME), said: “I think sometime in the second week of December you will see our [bitcoin futures] enter into a contract for listing. Today you can’t short bitcoin, so there is only one way. You either buy or sell to someone else. So you create a two-way market, I think it’s always much more efficient. ”

CME intends to launch bitcoin futures by the end of the year pending legal review. If successful, it will give investors a viable way to go for “long” or “short” bitcoin. Some exchange traders have also applied for bitcoin ETFs that track bitcoin futures.

These developments can allow people to invest in the cryptocurrency space without having a direct CC or using the services of a CC exchange. Bitcoin futures can make a digital asset more useful by allowing users and resellers to hedge their currency risks. This may increase the acceptance of cryptocurrency by traders who want to accept bitcoin payments but are wary of its variable value. Institutional investors are also accustomed to trading in regulated futures that do not suffer from money laundering worries.

The CME move also suggests that bitcoins have become too large to be ignored because the exchange in the recent past seemed to rule out crypto futures. Bitcoin is almost everything that is said in brokerage and trading firms, which have suffered against the background of growth, but unusually calm markets. When futures on an exchange took off, it would be virtually impossible to catch up with any other exchange, such as CME, as scale and liquidity are important in derivatives markets.

“You can’t ignore the fact that it’s becoming more and more a story that won’t go away,” Duffy said in an interview with CNBC. He said there are “major companies” that want to access bitcoin, and “huge slow demand” from customers. Duffy also believes that attracting institutional traders to the market could make bitcoin less volatile.

The Japanese village will use cryptocurrency to raise capital for municipal restoration

The Japanese village of Nisiowakara is exploring the idea of ​​holding a Primary Coin Supply (ICO) to raise capital for municipal restoration. This is a very new approach and they can ask for government support or turn to private investment. Several ICOs have had serious problems, and many investors are skeptical that any new token will have value, especially if the ICO turns out to be another joke or scam. Bitcoin was definitely not a joke.

FIRST COIN 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), when a company has a real product or service for sale and wants you to buy shares in their company, an ICO can be conducted by anyone who wants to initiate a new blockchain project with the intention of creating a new mark on their chain . ICOs are not regulated, and several have been completely fictitious. A legitimate ICO can raise a lot of money to fund a new Blockchain project and network. It is typical for an ICO to generate a high price of tokens at the very beginning and then return to reality again. Because ICOs are relatively easy to hold, if you know the technology and have a few dollars, there were a lot of them, and today we have about 800 tokens in play. All of these tokens have a name, they are all cryptocurrencies, and with the exception of very well-known tokens such as Bitcoin, Ethereum and Litecoin, they are called alternative coins. At this time, Crypto Trend does not recommend participating in the ICO, as the risks are extremely high.

As we said in Issue 1, this market is now a “wild west,” and we recommend being careful. Some investors and early investors made big profits in this market space; however there are many who have lost much or all. Governments are considering the rules because they want to know about each transaction in order to impose all taxes on them. They all have huge debts and are tied to cash.

So far, the cryptocurrency market has avoided many government and conventional banking financial problems and pitfalls, and Blockchain technology has the potential to solve many more problems.

A great feature of bitcoin is that the creators have chosen the final number of coins that can ever be obtained – 21 million – thus ensuring that this crypto coin will 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, however, make no mistake, early investments in this sector will only be earmarked for your most speculative capital – money you can afford to lose.

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

Stay tuned!

Is it feasible to invest in Bitcoin?

Chances are you’ve been reading this article after the recent frenzy of the Bitcoin value jump, which saw you shiver with the $ 20,000 mark. Now you are looking for reasons to invest in this cryptocurrency and blockchain technology. Here are some reasons you should:

COME MORE

The first thing many people think, when they find out about the current price, is that it’s too late and that people who are still buying Bitcoin are jumping. The truth is that mining is coming in the coming years and the currency is still in its infancy (like in adolescence), its value is increasing and it is a solid investment.

AUTOMATED TECHNOLOGY

Blockchain is not just about cryptocurrency. It is the future of the supply chain and the fight against counterfeiting. Super-smart protocols like DAO (Decentralized Autonomous Organization) and Smart Contracts are some of the things that arise from the blockchain that automates an organization’s operation and money transaction.

SAFE

People are robbed every day and bank robberies are committed. Bitcoin and Blockchain ensure that the money stored in your digital wallet is a level of security that is much more secure than the virtual number that represents your money in your local bank.

SAVE MONEY

Have you had a bad experience when you had to send money to the other side of the world and the amount of costs of converting currency, opening a letter of credit, bank charge, etc. made you cringe? Bitcoin eliminates all of that. Since there is no banking system when it comes to cryptocurrencies, there is no intermediary like a bank. You can avoid all these excessive charges by sending money directly to the recipient.

TIME IS MONEY

Did we mention that you can send the money directly? This saves time because you don’t have to fill out forms and requests. Just ask for the recipient’s public address and click on the requested amount.

NO INFLATION

Due to the limited number of bitcoins (only 21 million will be generated), the value of this cryptocurrency cannot be devalued as supply is limited, but the growing demand means that the currency is auto-mobile. Inflation does not become a great investment.

YOUR SPECIAL

Do you remember the financial crisis in Greece, where municipalities were asked to give extra money to the central bank? With normal currency, the central bank is the owner, not you, and can force you to return them. No one owns Bitcoin, but it is up to you for the amount. No one can rape you.

It’s not too late to make investments in Bitcoin and Blockchain, but like any other currency, the future cannot be predicted. Examine your favorite bitcoin exchange charts before committing to investing.

Which cryptocurrencies are good to invest in?

This year, the price of bitcoin has soared even for one ounce of gold. There are also new cryptocurrencies on the market, which is even more surprising, leading to cryptocurrencies amounting to more than a hundred billion. On the other hand, the long-term prospects of cryptocurrency are somewhat blurred. Major developers have controversy over the lack of progress that makes it less attractive as both a long-term investment and as a payment system.

Bitcoin

Still the most popular, bitcoin is the cryptocurrency that started it all. It is currently the largest market capitalization, at about $ 41 billion, and has existed for the past 8 years. Bitcoin is widely used worldwide, and it is still not easy to use the weakness of the method it works. Both as a payment system and as a value is maintained, bitcoin allows users to easily receive and send bitcoin. The concept of the blockchain is the foundation on which bitcoin is based. You need to understand the concept of a blockchain to understand what a cryptocurrency is.

Simply put, a blockchain is a database distribution that stores each network transaction as a block of data called a “block.” Every user has copies of the blockchain, so when Alice sends Mark 1 bitcoin, everyone on the network knows it.

Litecoin

One alternative to bitcoin – Litecoin is trying to solve many of the problems holding back bitcoin. It is not as resilient as Ethereum, and its value is derived mainly from the acceptance of solid users. It should be noted that Charlie Lee, a former Google employee, heads Litecoin. He also practices transparency of what he does with Litecoin, and is quite active on Twitter.

Litecoin has been Bitcoin’s second violin for quite some time, but things started to change in early 2017. First, Litecoin was adopted by Coinbase along with Ethereum and Bitcoin. Next, Litecoin fixed the problem with bitcoins by adopting Segregated Witness technology. This gave him the opportunity to lower the transaction fee and do more. The deciding factor, however, was when Charlie Lee decided to focus on Litecoin and even left Coinbase, where he was director of engineering, only for Litecoin. Due to this, the price of Litecoin has risen over the past couple of months, and the strongest factor is the fact that it can become a real alternative to Bitcoin.

Ethereum

Vitalik Buterin, a superstar programmer, came up with Ethereum that can do all that bitcoin can do. However, its goal, first of all, is to become a platform for creating decentralized applications. The difference between them is in the blockchains. Basically, a bitcoin blockchain records a contract type that indicates whether funds have been transferred from one digital address to another. However, there is a significant extension with Ethereum because it has a more advanced language script and has a more complex and wide range of applications.

Projects began to grow on top of Ethereum when developers began to notice its best qualities. Thanks to the crowd of stores, some have even raised millions of dollars, and it still continues to this day. The fact that you can create great things on the Ethereum platform makes it almost similar to the Internet itself. This has caused a rapid rise in prices, so if you purchased Ethereum for a hundred dollars earlier this year, it won’t be priced at nearly $ 3,000.

Money

Monero is committed to solving the problem of anonymous transactions. Even though this currency has been perceived as a method of money laundering, Monero is committed to changing it. Basically, the difference between Monero and Bitcoin is that Bitcoin has a transparent blockchain with every public broadcast and record. With bitcoin, everyone can see how and where the money was transferred. However, Bitcoin has a somewhat imperfect anonymity. In contrast, Monero has an opaque rather than a transparent transaction method. No one is sold by this method, but since some love privacy for any purpose, Monero will stay here.

Zcash

Unlike Monero, Zcash is also committed to solving problems that arise in bitcoin. The difference is that Monero, rather than completely transparent, is only partially public in its blockchain style. Zcash also aims to address the issue of anonymous transactions. After all, not everyone likes to show how much money is actually spent on memorable Star Wars stuff. Thus, it can be concluded that this type of cryptocurrency does indeed have an audience and demand, although it is difficult to note which cryptocurrency that is privacy-focused will eventually come out on top.

Banker

Also known as a “smart token,” Bancor is a next-generation cryptocurrency standard that can hold more than one token in reserve. Basically Bancor is trying to simplify the trading, management and creation of tokens by increasing their liquidity level and allowing them to automate the market price. At the moment, Bancor has a product that includes a wallet and a smart token creation. The community also has features such as statistics, profiles and discussions. In a nutshell, the Bancor protocol allows you to detect the embedded price as well as the liquidity mechanism of smart contract tokens through the innovation reserve mechanism. With a smart contract you can instantly eliminate or purchase any token in the Bancor reserve. With Bancor you can easily create new cryptocurrencies. Now who wouldn’t want that?

EOS

Another competitor to Ethereum, EOS promises to solve the problem of scaling Ethereum by providing a set of tools that are more reliable for running and building applications on the platform.

Thesis

Alternatively, Ethereum Tezos can be upgraded by consensus without much effort. This new blockchain is decentralized in the sense that it is self-governing by creating a true digital community. This facilitates a mathematical method called formal verification, and has the function of enhancing the security of the most financially weighted, sensitive smart contract. Definitely a big investment in the coming months.

Verdict

It is incredibly difficult to predict which bitcoin will be the next superstar on the list. However, user acceptance has always been a key success factor when it comes to cryptocurrencies. Both Ethereum and Bitcoin have this, and even if the list has great support for each cryptocurrency, some have yet to prove their safety. However, they need to be invested in and monitored in the coming months.

Bitcoin Buying Guide – An easy 3-step guide to buying your first Bitcoin

Are you looking for a guide to buying Bitcoin? Wondering where to start? People have a lot of misconceptions about bitcoin – a world-famous and widely accepted cryptocurrency.

Many people think that hackers and shadow people, for example, only use it. However, bitcoin is typically going from TigerDirect to Expedia.com to Dell and even Subway supports payments in bitcoin.

Why so popular?

Well, bitcoin has many advantages over other currencies. For example, you can send bitcoins to someone as a payment without having to go through a bank broker (and get them thanks to the extra fees). It is also much faster than sending money by bank or bank transfer. You can send bitcoins to someone and pick up coins in seconds.

With all of this, it’s no surprise that a lot of people are trying to buy bitcoin for the first time. However, it’s not as easy as going to your bank and extracting bitcoins – or going to a store and earning the money you earn for bitcoin.

The system works a little differently than that. This Bitcoin buying guide will cover some things you need to know before you buy – so that you can buy safely and securely.

First of all, even though it can be over $ 2000 per coin, you don’t have to buy the whole bitcoin. In most places they will allow you to buy parts of a bitcoin for $ 20. So you can start at a young age and move on from there as you feel more comfortable with the way things work.

Secondly, this article is for general purposes and should not be taken as financial advice. Bitcoin can be dangerous and you should check with your financial advisor before making any purchase.

Here are 3 easy steps to buying Bitcoins:

# 1 Get the Bitcoin wallet

The first thing to do before you buy your coins is to get a virtual wallet to store your coins. A wallet is a string of texts that people can use to send bitcoins.

There are several types of wallets that you download to your phone or computer, online wallets as well as offline storage wallets.

Most people prefer to get the wallet on their phone or computer. Popular portfolios include Blockchain, Armory, Bitgo MyCelium and Xapo.

Usually downloading the wallet to your phone as an application or downloading the software to your computer is as easy as downloading from your wallet’s main website.

# 2 Decide where to buy

There are different types of places to buy and each one is different. There are online sellers who will sell bitcoins directly to you in cash (or with a bank or credit card).

There are exchanges where you can buy and sell bitcoins to others – similar to the stock market. There are also local exchanges that connect you with vendors in your area who want to sell.

There are also ATMs where you can buy money with your wallet and hand your coins in your wallet.

Every Bitcoin seller has its benefits and drawbacks. For example, ATMs are great for privacy, but they will charge you up to 20% above the current price, which is ridiculous. ($ 2000 in BTC price, $ 400! So instead of paying $ 2000 you are paying $ 2400).

Whatever place you decide to buy, remember to do your research and go with a reputable seller with a good reputation and strong customer service. First-time buyers will be hesitant especially and will need extra help to assist in the first transaction.

Take your time and research before you decide to buy different places. Factors to consider include coin prices, extra fees, payment method, and customer service.

# 3 Buy Bitcoin and carry it in your wallet

Once you’ve found a place to buy, prepare your funds (that is, you can send an email transfer or use Visa to fund your account). Then wait for a good price. (Bitcoin prices always change 24 hours a day, 7 days a week). Then place the order when you are ready.

When you fill out your order and have your coins, you want to send them in your wallet. Simply enter your bitcoin address and get the seller to send you your bitcoins. You should see it appear in your wallet within minutes and an hour (depending on the speed at which the seller sends it).

Voila, you now own bitcoin. You can send coins to pay for other goods and services or hang them on rainy days.

One last thing to remember: bitcoin is still in its infancy. There are big price fluctuations and the currency can be dangerous. Don’t buy more bitcoins than you can ever lose.

Survive outside of FOMO – how to choose a winning ICO project for long-term value

In a world driven by hype and FOMO [Fear Of Missing Out], it is becoming increasingly clear that the diligent cryptocurrency must go through the litmus test of choosing a token to support in a world where real viable projects are hard to find, and good long-term projects are even harder to distinguish from money-grabbing.

With recent developments, when most new cryptocurrencies reach record lows and new ICO projects that don’t match their post-Crowdsale hype, now frustrated “investors” tend to bypass the fault of ICO promoters on social media rather than blaming themselves for not did a proper check to select the most likely winner after the crowdsale before purchasing the token during the ICO.

From my extensive observation, it became clear that most crypto buyers simply bought coins during the ICO based on FOMO (Fear of the Abyss), created by the masters of hype behind these coins. Many just bought without understanding the purpose of the coin after the ICO and what the token had to do after the crowdsale. If nothing happens after the ICO, as is often the case with many ICOs, they then jump on social media and shout about the bloody murder.

Recently, me and my team just finished a tour of Africa and parts of the US to promote ICO Nollycoin. We have organized and sponsored various conferences, held live press meetings of the AMA (Ask Me Anything) and held many one-on-one meetings with crypto-whales, small investors and crypto-millionaires of any color.

On the contrary, I was struck by, among other things, that MOST token holders DID NOT MEAN about the core business or project behind the sales of the tokens in which they participated.

Even more astonishing in my observation was the astonishing fact that many could not tell you the valuable proposal of the project, its goals or the company’s plan to disrupt the market and capture many buyers in its field. They just bought the ICO because a few telegrams or Facebook pages they visited kept telling them, “Buy Hodle and buy more.” Most simply acted on the basis of herd instinct rather than objective discussion.

Now that most of the people I’ve met have been just teenagers or uneducated people, I wouldn’t be so surprised by the level of ignorance of many crypto-investors I’ve met. On the contrary, many of those I met were college graduates and people with a certain affluence. However, less than 10% of them could easily articulate why they bought the coin, hoping that it would increase in value over time. Wherever I went, few in the crowd could tell me the name, experience, and capabilities of the corporate managers of a company that sells coins.

Most could only point out that the coins were recommended by “respected” influential people when the facts prove that most of them were getting chills to create FOMO and respectability for otherwise useless shitcoins.

Apart from the so-called false influencers, all the many buyers of the crypt knew that the names of the team leaders were Russian, Chinese or Korean, although they knew absolutely nothing about them. As if all you need for a successful ICO is to list the names of people from Korea, China, or Russia that no one could even verify with a simple Google search.

While I agree, there are definitely many things to consider when deciding whether to increase project tokens over time, I think the acid test and the most immediate evaluation criteria should be the utility of the coin itself outside of what happens on the crypto -exchanges.

Although most crypto token owners I’ve met didn’t even know about it, the reality is that if you bought a token from most ICOs, you didn’t actually “invest” in that company. You would not buy company shares and would not buy any securities in the company.

And at best, what you did when buying tokens during most ICOs was a “donation” to the project in exchange for a utility token or coin that legally had no real value other than a business ecosystem controlled by the issuing company.

In other words, other than your hope that the price of the tokens will become “monthly” or rise to make you a millionaire, you can’t do much else with the token other than enjoy the utility attached to it by ICO, if any.

Because no one could really predict exactly how Crypto would act on a crypto exchange when it finally got there, and recent experience has shown that the prices of most tokens are likely to drop in the nose in the first few weeks after going public (due to big speculator sales), it would be clear to you to see what other value or utility you could get from your token other than the expected “feast” on the exchange.

As the crypto-revolution has continued to change, change and adapt to different market developments, the only way to make sure your money doesn’t fall into the gutter is to be sure that you can still use these tokens to get great value and benefit even if you could sell it for a profit right on the stock exchange.

When making this decision you should ask yourself this basic question: what is the price, product, or service created by the company that sells the token that will give me enough value for my cash to make that purchase of mine?

In a world of falling token prices on different exchanges, the more opportunities you have for real use using a token outside the expected list on a crypto exchange, the more likely you are that you will not end up spoiled or blocked tokens that are useless to you.

So you have to ask over and over again: IF this coin was never traded on an exchange, would I still be glad to have supported that vision? If this ticket has lost 70% of its value on the exchange, can I still use it and get the price from it elsewhere?

If you have not been able to answer these questions in the affirmative after viewing the WHITEPAPER and filing the company’s claims, you should think twice before buying this coin.

A recent case study

Take the current ICO, such as Nollycoin, which is a marker that feeds the Blockchain-supported movie distribution ecosystem. Coin promoters have created various utility scenarios for coin buyers to ensure that no matter what happens to Nollycoin on the cryptocurrency exchange, their fans and hockey players will continue to smile.

Include some great useful features that attach to the Nollycoin token in the Nollytainment ecosystem

• Ability to use Nollycoin tokens to watch exclusive movies in cinemas and cinemas

• Ability to use Nollycoin tokens to access thousands of movies in their distribution of Netflix movies on steroids.

• Ability to use Nollycoin tokens to purchase products and services at NollyMall, which is similar to Amazon’s platform for entertainment-based products.

• Ability to use Nollycoin tokens to pay school fees on the NOLLY Academy platform and partner companies

As you can see, apart from the usual expectation that tokens can be listed on a crypto-exchange platform, you need to look beyond the hype ico of the immediate and promising usefulness of the token and the viability of the main project behind it.

Key features of Blockchain

Blockchain was initially created to be a decentralized library of Bitcoin transactions that take place within the Bitcoin network. A decentralized or distributed database / library basically means that storage devices, where libraries are located, are not connected to an ordinary processor. Blockchain has a growing list of transactions through blocks. Each block is timed and then linked to the previous block to become part of the block chain.
cryptocurrency charts
Before computers, people kept their important documents safe, making many copies of them and storing them in impermeable steel boxes, buried treasure chests, or bank vaults. As an additional security measure, you would translate each of these documents into a secret language that only you can understand. That way, even if someone manages to break into your bank vault and steal your stuff, they won’t be able to understand your cryptic messages, and yet you’ll have plenty of backups stored in other locations.
cardano
Blockchain puts this concept on steroids. Imagine that you and millions of people are able to make copies of all your files, encrypt them with special software, and store them on each other’s digital banking repositories (computers) all over the Internet. That way, even if a hacker enters, steals, or destroys your computer, it can’t interpret your data, and your network of friends still has 999,999 backups of your files. That’s a short blockchain.

Special files, mixed with encryption software, can only be read by a few people, stored on ordinary computers, connected over the network or over the Internet. Files are called books – they record your data in a specific way. Computers are called nodes or blocks: personal computers that share processing power, storage space, and bandwidth with each other. And the network is called a string – a set of connected blocks that allow computers to work together to distribute books to each other (hence, blockchain).

The social impact of blockchain technology has already begun to materialize and this may be the tip of the iceberg. Cryptocurrency has already raised questions about financial services through digital wallets, the expansion of ATMs and lending and payment systems. Considering that there are now more than 2 billion people in the world without a bank account, this change is life-changing and can be positive.

Perhaps the change in cryptocurrencies will be easier for developing countries than the fiat money and credit card process. In a way, it is similar to the transformation that developing countries have undergone with mobile phones. It was easier to get large quantities of cell phones than to provide new infrastructure for landlines. Decentralization away from governments and control over the lives of people will take over a lot and social implications can be quite significant.

The wave of identity thefts that has hit the news in recent years should be noted. Giving people control of identification would certainly eliminate these incidents and allow people to display the information with confidence. In addition to providing access to non-poverty banking services, greater transparency can also increase the profile and effectiveness of charities working in developing countries under corrupt or manipulative governments. Increasing the level of trust in which money is channeled and for whose benefit it would lead to greater contributions and support in places in the world that are in dire need of assistance to the poor. Ironically, and not in line with public opinion, blockchain can build a financial system based on trust.

Taking it one step further, blockchain technology is well positioned to eliminate vote opportunities and all other negatives associated with the current process. Believe it or not, Blockchain can solve some of these problems. Of course, new obstacles and problems will come with a new technology, but the cycle goes on and these new problems will be solved with more sophisticated solutions.

A decentralized book record would provide all the necessary data to accurately record the votes anonymously and to verify the accuracy and manipulation of the voting process. There would be no fear of voters being able to vote in the privacy of their own homes.

It remains to be seen whether blockchain technology will become a part of everyday life. Although inflated expectations raised the possibility of an end to the central bank and the responsibilities we know today, the end of the centralized financial system is perhaps a step in the right direction so far. Time will tell how the blockchain will evolve, but one thing is for sure today. The status quo is no longer an option and change is needed.

What is Bitcoin and its features?

Introduction to Bitcoin

Bitcoin is an advanced form of currency used to buy things through online transactions. Bitcoin is not tangible, it is fully controlled and it is done electronically. Care must be taken when contributing to Bitcoin, as the cost is constantly changing. Bitcoin is used to make different exchanges of currencies, services and products. Transactions are made through a computerized wallet, which is why transactions are processed quickly. All such transactions have been irreversible because the identity of the customer is not disclosed. This factor makes it a bit difficult when deciding transactions via Bitcoin.
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Features of Bitcoin

Bitcoin is faster: Bitcoin has the ability to organize parts faster than any other way. Usually when one transfers money from one side of the world to the other, a bank needs a few days to complete the transaction, but in the case of Bitcoin, it only takes a few minutes. This is one of the reasons people use Bitcoin for online transactions.

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Bitcoin is easy to set up: Bitcoin transactions are made through an address that each customer has. This address can be easily configured without going through the procedures that a bank performs while setting up the registry. Address creation can be done without any changes, credit checks or inquiries. However, any customer who wants to think about helping should always check the current cost of Bitcoin.
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Bitcoin is anonymous: Unlike banks that keep a complete record of customer transactions, Bitcoin does not. It does not track customer financial records, contact details or any other relevant information. Bitcoin wallets typically do not require significant data to function. This feature raises two perspectives: first, people believe that it is a good way to move their data away from a third party, and second, that people believe it can lead to dangerous activity.
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Bitcoin cannot be denied: When someone sends Bitcoin to someone, there is usually no chance of Bitcoin recovery if the recipient does not feel the need to return it. This feature ensures that the transaction is completed, which means that the beneficiary cannot say that they have never received the money.
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Bitcoin is decentralized: One of the main features of Bitcoin is that it is not under the control of a particular expert administration. All companies, people and machines involved in exchange verification and mining are administered as part of the system. Even if part of the system goes down, cash transfers continue.
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Bitcoin is transparent: Although only one address is used for transactions, each Bitcoin exchange is registered in the Blockchain. That way, if their personal address is used at any time, they can tell you how much money is in their wallet through Blockchain records. There are ways to increase the security of their wallets.
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Things that look positive for cryptocurrencies

Although in 2018 the cryptocurrency market underwent market adjustments, everyone agrees that the best is yet to come. There have been many activities in the market that have changed the flow for the better. With proper analysis and the right dose of optimism, anyone who invests in the crypto market can make millions from it. The cryptocurrency market will remain here for a long time. In this article, we give you five positive factors that can push further innovation and market value in cryptocurrencies.
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1. Innovation in scaling

Bitcoin is the first cryptocurrency on the market. It has the maximum number of users and the greatest value. It dominates the entire value chain of the cryptocurrency system. However, there were problems. Its main bottleneck is that it can only process six to seven transactions per second. In comparison, credit card transactions average several thousand per second. Apparently, there are opportunities to improve transaction scaling. With peer-to-peer transaction networks on top of blockchain technology, you can increase the amount of transactions per second.
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2. Legitimate ICOs

While the market has cryptocurrencies with a stable price, new coins are created designed for a specific purpose. Coins like IOTA are designed to help the Internet of Things exchange power currencies. Some coins address cybersecurity by providing encrypted digital repositories to store money.
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New ICOs develop innovative solutions that disrupt the existing market and bring new value to the transaction. They are also gaining credibility in the market thanks to easy-to-use exchanges and reliable backend operations. They innovate both in terms of technology regarding the use of specialized mining equipment and in the financial market, giving more freedom and opportunities to stock market investors.
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3. Clarity of regulation

In the current scenario, most governments are studying the impact of cryptocurrency on society and how its benefits can be accrued for society as a whole. One can expect that research can lead to reasonable conclusions.
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Few governments are already following the path of legalizing and regulating crypto-markets like any other market. This will prevent ignorant retail investors from losing money and protect them from harm. It is expected that in 2018 there will be Abling rules that stimulate the growth of cryptocurrencies. This will potentially pave the way for widespread adoption in the future
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4. Increase the application

There is tremendous enthusiasm about the application of blockchain technology in virtually every industry. Some startups offer innovative solutions such as digital wallets, debit cards for cryptocurrencies, etc. This will increase the number of traders willing to trade in cryptocurrencies, which in turn increases the number of users.
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The reputation of crypto-assets as a carrier of transactions will be strengthened as this system trusts more people. Although some startups may not survive, they will positively contribute to the overall health of the market by creating competition and innovation.

5. Investments of financial institutions
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Many international banks are watching the cryptocurrency scene. This may lead to the entry of institutional investors. The inflow of substantial institutional investment will push the next phase of cryptocurrency growth. This has fascinated many banks and financial institutions.
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As surprises and bottlenecks around cryptocurrencies diminish, traditional investors will be more absorbed. This will lead to the great dynamism and liquidity needed for any growing financial markets. Cryptocurrency will become the default currency for transactions worldwide.
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