Cryptocurrencies were launched into the global spotlight when the value of bitcoin skyrocketed in 2017, drawing an influx of consumer and corporate interest to the nascent market. Since then, the concept of digital money and its potential applications has been the topic of ongoing discussion and debate as traditional financial institutions face the disruptive nature of decentralized payments and digital transactions. However, despite sustained interest in cryptocurrency applications, the majority of activity in the space has been limited to peer-to-peer trading and using digital assets as an investment mechanism. They have yet to break into the mainstream payments market or make themselves felt in the daily lives of consumers.
With thousands of crypto transactions taking place every day, it is clear that there is a sizeable user base for cryptocurrencies already. This user base may well serve as a foundation for bringing this revolutionary technology into our everyday lives, particularly as the applications of cryptocurrencies beyond trading become more and more apparent. Going from a somewhat insulated trading tool to a functional currency is the next big step for crypto. While this may sound like a distant future development, cryptocurrencies present many benefits and will likely achieve mainstream adoption.
Beyond trading and HODLing
With blockchain technology still very much in its infancy, cryptocurrencies are often thought of as high-risk investments for adventurous digital natives, Silicon Valley insiders, and Wall Street traders. However, despite their appeal as an investment vehicle, most digital currencies are built to perform unique functions, with a growing range of use cases. Digital money is poised to not only expand global commerce and promote financial inclusion, but will also transform even the most banal aspects of daily life: from the way we shop and save, to the way we do business.
Presently, cryptocurrency ATMs and crypto-friendly vendors do exist – however, they are often limited to a small number crypto hubs and we have yet to see the same level of market penetration as enjoyed by more entrenched payment methods such as VISA and Mastercard, or QR code payments like WeChat Pay. There are still a number of barriers to the widespread adoption of cryptocurrencies as a mainstream of exchange and payment to overcome but the potential benefits are exciting.
Crypto as a new payment solution
It’s no secret that blockchain technology, which underlies cryptocurrencies, is making itself known in almost every industry. The diverse nature of companies and industries investigating blockchain integration is testament to the transformative benefits it can present to global commerce and enterprise. The international payments sector is just one of a number of industries in which blockchain technology is poised to impact the day-to-day life of consumers.
Aside from reduced transaction costs for consumers and vendors alike, cryptocurrencies present faster settlements and a borderless network of payment.
One of the key benefits of cryptocurrency adoption is the reduction in transaction fees for retailers and consumers. Today, bank accounts, debit cards, and credit cards have all sorts of fees associated with them, including merchant fees, overdraft fees, foreign transaction fees, and minimum balance fees, to name but a few. Credit card companies can charge upwards of 3% in processing fees. These costs easily add up over time and create considerable inefficiencies within popular contemporary payment mechanisms. By contrast, popular bitcoin payment provider, BitPay, takes a flat 1% settlement charge for bitcoin payments. In most cases, a cryptocurrency “account” in the form of a digital wallet is entirely free and using cryptocurrencies costs absolutely nothing, aside from the transaction fee.
Mar-22-2019 02:45:28 PM
Having seen the cryptocurrency market’s nosedive and the fall of hundreds of ICOs, 2018 might have been seen as the worst year ever for crypto. However, as speculators quit the game upon the bursting of the bubble, reducing much of the buzz and noise in the market, 2019 can be the best time for a crypto reboot. Blockchain evangelists can take a break from the hype and think about how to put the fledgling technology to work in real-world industries.
The communication industry is among the most promising sectors to pair with blockchain. Due to the centralized control of user information and infrastructure resources by a few telecommunications giants, the sector is facing increased data breach risks as well as development bottlenecks in 5G and Internet of Things (IoT). Blockchain can break big telcos’ monopoly and facilitate the growth of a sharing economy in the communication area, improving data security for consumers and reducing costs for dApp developers and telecom providers.
Data security + blockchain
The centralized social media and communication industry is notorious for data breaches. A quick recap of the biggest data scandal last year: UK-based voter-profiling firm Cambridge Analytica manipulated a loophole in the Facebook API to obtain data of at least 87 million Facebook users without their knowledge and sold the data to Trump campaign in 2016.
User information are vulnerable on centralized apps because all the servers handling sensitive data are generally deployed on a limited number of geographically-centralized locations. Hackers or governments can, with some effort, pinpoint the ideal attack vector, just like how having many eggs in just one basket makes them particularly easy to be found by predators. Once hackers or governments find security loopholes on a few servers, they can quickly broaden their attack to the entire network and seize every user’s information, most of which are personally-identifiable information (PII).
On a decentralized version of a social media network like Facebook, however, users may be more comfortable posting on their own timelines, as there is no centralized app operator like Facebook for malicious organizations or individuals to steal information from. On blockchain-based apps, user data are relayed, validated and stored on a peer-to-peer network, which consists of nodes scattered across the globe owned and operated by numerous individuals or groups independent of each other. To snoop on and tamper with certain data, hackers have to pinpoint the specific nodes that handle certain targeted data or take down the whole blockchain network — either approach will generate huge costs and render the hack economically impracticable.
Cloud communication + blockchain
5G, the next-generation wireless technology on the horizon, will pave the way for a wide range of new applications, including autonomous vehicles, Internet of Things (IoT), Smart Cities and VR/AR live streaming, all of these dependent on the real-time transfer of massive volumes of data.
Compared with apps on 4G networks, 5G-powered communication apps, such as ultra high-definition VR live streaming apps, will require veritably more servers and bandwidth to process the deluge of data with low latency. Small to medium-sized app operators cannot afford the costs if they have to set up and maintain in-house servers along with other backend infrastructure, all by themselves.
The blockchain-powered sharing economy is poised to solve this problem. Blockchain can enable a peer-to-peer network, similar to a decentralized version of Amazon Web Services, where any individual or group around the world can share their idle servers and bandwidth to provide cloud communication services for app developers. The tamper-proof consensus mechanism on the blockchain measures the contribution of nodes and rewards them with tokens accordingly, something a centralized infrastructure provider does not do to align incentives for such a global coordination effort.
Free of any centralized middlemen or arbitration bodies, a tokenized decentralized cloud communication network is more transparent than any centralized competitors. As new nodes continue to join the decentralized network, it can quickly become large and strong enough to support data-heavy communication applications at scale in the upcoming 5G era. Companies deploying their apps on a peer-to-peer communication cloud on the blockchain can utilize the shared services and resources to easily reduce their development and maintenance costs, and shorten the development cycles.
On a truly decentralized peer-to-peer cloud network, providers should be able to offer unique services rather than being confined to the service standard and pricing rules set by a centralized governing entity, and customers should have access to the specific services that fit their diverse needs. At TOP Network, a smart contract enables app developers to submit information on the services they need, and service providers to post what they can offer. Based on a series of advanced protocols, the smart contract transparently matches app developers with the right service providers they are looking for and monitors the execution of deals.
Mar-22-2019 02:43:43 PM
BITL asset Ltd. is a private online investment firm that has been lawfully registered within the United Kingdom in 2018. Antecedently many years we have a tendency to provided profitable investment services to non-public purchasers and have honed our data of a way to do business with a little attracted capital. Inside that amount we've shaped our own trading strategy in numerous markets with the elements of high money security. The most goal of our work is that the safety of funds, and solely the subsequent our task is to create high profits..
In order to urge a gradual financial gain within the Forex market, 1st of all, we have a tendency to take a responsible approach to the selection of a broker with a reliable provider of liquidity. We have a tendency to attempt to take into account all the nuances and understand however correct our alternative is. That is why we've trading accounts with only a large and established international broker and use completely different trading platforms to enter the market. Among the brokers, we've chosen, are exness.com, ironfx.com, and XM.com. Our trade is fairly aggressive as a result of we have a tendency to use extremely volatile currency pairs and metals, putting a stop-loss purpose at the swing high on a five-minute chart. This may enable North American nation to create a profit on a daily basis within the needed volumes. However, we have a tendency to fits our own rules of risk management and stop our activity just in case of serious losses for the elaborate analysis of every trade. We have a tendency to hope that these features of BITL asset Ltd. are going to be accepted by you in mind.
In addition to Forex, we have a tendency to trade shares on London exchange and daily monitor all commercialism events for the looking and choice of firms from the terribly promising areas of business. BITL asset Ltd. enters into the slim circle of these United Nations agency one amongst the primary receives elaborate info regarding the businesses, which are designing a public issue of the latest shares. This greatly facilitates the analysis of positive development and any growth of the costs of its shares. Exchange activity may be a smart possibility for assets insurance and profit within the long-term.
Jan-12-2019 11:46:04 AM
Etherniton articulated as "ether-nee-taun" and shortened to ENN, is a blockchain-fueled ERC20 consistent token, which works through keen contracts. Anchored by the Ethereum organize, you can utilize the ENN token for secure exchanges like different digital forms of money accessible in the crypto showcase today, for instance; Celsius, SkyChain, Altair, Lendo, ABYSS, and so on.
How does Etherniton function?
Etherniton encourages a good looking chance to procure from something that you never knew.
It gives you a chance to acquire cash utilizing its deliberately planned (UMP) one of a kind advertising stage.
The UMP cooperates with an assortment of applications, ambassadors, and specialist organizations through its API.
To begin with, it gathers information for investigation from the application clients who are associated with correspondence and afterward pays them two (clients and application designers) as per its pre-characterized parameters.
In addition, the installments you get from Etherniton come as the ENN token.
All you have to do to get installments from Etherniton, is essentially enter your particular wallet addresses in record settings and begin accepting ENN
Nov-7-2018 05:13:48 PM
Making matters more complex, there’s a hard deadline for the upgrade, currently set for October. Predicted sometime in early 2019, a piece of code known as the difficulty bomb is scheduled enact, thereby making ethereum’s blocks steadily less time efficient to mine.
If no action is taken, the difficulty bomb will push ethereum into what is known as the “ice age,” a period wherein the difficulty is so high that transactions can no longer be processed, making the blockchain unusable.
Because delaying the difficulty bomb also impacts ether inflation (the time it takes to mine blocks is directly correlated to the quantity of ether distributed on the platform), ethereum is under pressure to upgrade its code before the bomb hits.
But, at present, a path forward remains unclear.
With a total of four ethereum improvement proposals (EIPs) currently under discussion, many are arguing that in delaying the difficulty bomb, Constantinope should also reduce the amount of ether that is currently paid out to miners, the entities that run specialty computing hardware to secure transactions.
However, miners are warning that too great a decrease in profits will reduce the security of the network, effectively forcing miners to secure other cryptocurrencies. (Concerns are especially great for GPU miners, which are now currently competing with ASICs, machines specialized for cryptocurrency mining and little else).
While an exact timeline for Constantinople has yet to be finalized, developers are pointing to late October or November as the likely timeline for the upgrade (any later could risk intersecting with the difficulty bomb). As such, in an upcoming meeting on Friday, developers are likely to finalize the EIPs to be included in the upcoming hard fork.
Aug-30-2018 12:49:21 PM
Decentralized and hybrid exchanges must rely on secure wallets to ensure safe digital signing of their clients’ instructions. Initially, JOYSO will support MetaMask and Ledger Nano S; two wallets used widely and well-regarded in the crypto community.
A user can cancel orders he has previously signed with https://coinworldstory.com/neurogress/the assistance of JOYSO Administration. If the problem was with the JOYSO server, the user could lock his account for a period of time, then withdraw funds directly from the smart contract without JOYSO administrative involvement.
It is the way manage the deployment of new smart contracts, notifying users to withdraw funds and tokens from the old contract in a timely manner.It broadcasts operational status changes; for example, the launch of a new function, the blockchain’s current traffic load, system maintenance requirements, etc.
Code quality and testing
JOYSO use both behavior-driven development and test-driven development to ensure product security and a quality user experience. The use the Zeppelin Solidity framework to provide patterns for secure code that can be reused without duplication.
Off-chain smart matching; efficiently matching one-to-many.Customer engagement will be through both social channels and offline gatherings. JOYSO management has experience running education conferences and events and will use this to advantage
Aug-30-2018 12:46:57 PM
BitSigma: Your guide in the world of cryptocurrency trading and mining
BitSigma is a UK based company that provides an online automated trading platform for cryptocurrency investment and Bitcoin Mining solutions. We pride ourselves in offering upright, rewarding investment opportunities, with more coins to collect on each step in this era of new generation currencies.
Our strong belief in the future of cryptocurrency forms the base of our confidence in the investments. Our online automated investment trading platform provides a wide range of services under the umbrella of cryptocurrency trading and Bitcoin Mining. Our hemisphere of service stretches to clients across various geographies with safe earnings.
We have a wide network of experienced professionals from technical, financial and legal backgrounds, ensuring the best possible investment opportunities to our clients. The user friendly interface and 24/7 customer care ease out the investment process for our clients. We also provide professional guidance for the first time investors.
BitSigma is an authorised automated trading platform for cryptocurrency investment and Bitcoin Mining registered in the UK.
BitSigma is an officially legal company, registered in UK, verified with incorporation number 11259035
BitSigma has an integrated network of international experts and cryptocurrency professionals, ensuring best possible guidance.
We have our own legalised Mining stations and hardware system to generate maximum power to mine various type of cryptocurrencies, with available economical electricity resources.
BANK LEVEL SECURITY
At BitSigma, we use the most advanced technology for security control panels, easing out the supervision of clients’ accounts. We adhere to the same security standards as are typical for banking sector.
We drive a client-centric firm, and hence ensuring that our valued clients get the best possible profit margins on their investments.
Our team of experts ensure that no query related to cryptocurrency, bitcoin mining or block chain technology goes unresolved.
To have control and make better decisions, our experts certify you the benefit from total transparency with integrity being our core value.
Hassle free payment withdrawals without any restriction through request made on our automated system
Our vision is to create a strong international community of investors and traders, build on the core values of trust and integrity, also bringing the investors and traders on one platform, with all the deals happening under the guidance and supervision of finance, tech and legal professionals.
We are committed to become the leading firm of investment services with cryptocurrency and Bitcoin mining as our core domain, a trusted partner for companies and individual investors operating in the local as well as the global market.
We strive to be a universally recognised platform as a trusted investment partner, with complete display of integrity in all our transactions. Our focus is aimed at investing in and building a portfolio of sustainable investments, driven by established goals to build shareholder value, mindful of our clients’ interests. We remain to be committed to integrity, honesty and fairness in all dealings with all our stakeholders.
We aim to be a pioneer in providing value added financial services for the benefit of our clients and accomplish new heights in service excellence with a perfect team work and become a competent market player.
To achieve the vision that we have for our company, we have charted out the directives in form of our core values which will help us drive our vision forward:
Respecting client's interests and rights
Respecting the growth and development of organisational learning
Promoting collective wisdom, synergy and individuals’ participation in activities
Complying fully with individual and organisational discipline
Observing professional ethics and proper organisational conduct
Adherence to the highest standards of truthfulness, Integrity, and trustworthiness
We continually wish to set new standards of work ethics, professional integrity, privacy and transparency in organisational administration, which exemplify our dedication to our objectives and to the fulfilment of our vision statement.
BitSigma defines its mission as an online investment platform, operating in cryptocurrencies and Bitcoin Mining along with relevant financial activities to reach out to masses, encouraging them for investing in the new technology by providing them a world class platform.
In the process of expanding the community of global investors and traders, we will be providing assistance to our clients in creating and managing wealth, ultimately achieving financial independence. Our team will help you to accomplish your goals through appropriate guidance, communication and exceptional service. Our mission for our investors and client include:
To clearly understand investors’ financial values, goals, and concerns
To help formulate an action plan to address and accomplish the above
To be a trusted Financial Advisory Team and a resource that one can consider indispensable to their financial success.
We help clients in eliminating the financial gap between where they are now financially, and where they want to be. In order to succeed, we work with clients to establish, improve and implement long-term strategic wealth management plans that make them possible to meet their financial purposes. We customise these plans for each client on the basis of client’s risk profile and return targets. Furthermore, we strive to produce perfect long-term performance for our clients, despite the public securities market behaviour. We assure that our clients’ wealth performs in the best way which is essential to meet their personal financial targets. At the same time, we continually investigate new and better financial strategies and investment products. Our offerings are continuously evolving with the fast market pace.
Consequently, we concentrate on achieving certain return targets. We are a trusted partner that enables our clients to feel secure in the knowledge that their investment plans are efficiently organised and managed.
Drawing upon an economic rational and relying on efficient professional network, BitSigma sought stable and reliable profits for our investors and pursued value creation for our community globally.
May-29-2018 10:14:50 AM
The Investellect - Force Of Experience is a fully registered investment company based in the United Kingdom. Our Corporate Headquarters is located here: 8 Duncannon Street, London, United Kingdom, WC2N 4JF, United Kingdom. Investellect - Force Of Experience registration number is №10664240. Investellect - Force Of Experience is constantly expanding the geography of its activities thanks to excellent marketing strategy and break even trading. The company combines several successful profitable business directions, from the multi-currency trading in the Forex market to trading activity on the stock exchange, Cryptocurrency market and investments in promising Fintech start-ups.
How does it work and where does big money come from? What is Forex? The foreign exchange market is the "place" where currencies are traded. The growth of the Forex market has been spurred by the development of electronic trading networks and the increase in globalization. Currencies are important to most people around the world because currencies need to be exchanged in order to conduct foreign trade and business. The need to exchange currencies is the main reason why the Forex market is the largest financial market in the world.
The Forex market focuses on the trade of currencies by both large investment banks and individuals around the world. Trading can be done in nearly all currencies, however, a small group known as the 'majors' is used in most trades. These currencies are the U.S. dollar, the euro, the British pound, the Japanese yen, the Swiss franc, the Canadian dollar and the Australian dollar. All currencies are quoted in currency pairs. Traders look to make a profit by betting that a currency's value will either appreciate or depreciate against another currency.
Nov-6-2017 05:22:51 PM