One of the most advanced ways of buying goods nowadays is with a little thing called cryptocurrency. Since Bitcoin’s inception in 2008 and its massive inflation in 2017, numerous cryptocurrencies have hit the market as an alternative to fiat money. Many hodlers use cryptocurrency as a form of investment, holding onto it in case another massive increase in value occurs so they can cash out and have a large chunk of money. However, there are many different ways cryptocurrencies can be put to use and be used as a regular currency. Take a look at some creative ways you can...
Latest Cryptocurrency News & Guides
Best Monero (XMR) Wallets in 2019
Monero is a blockchain open source project with a focus on privacy and anonymity. The Monero project deploys cryptography to shield sending and receiving addresses, as well as transaction amounts. Monero enhances privacy through the use of ring signature concept and stealth addresses. Ring signatures allow senders of digital assets to hide their identity from other participants in a group. To set up a ring signature, the Monero network combines the sender’s account keys and clubs it with public keys on the blockchain. This makes it unique and private at the same time. Monero is also among assets that allowing...
Best Tezos (XTZ) Wallets in 2019
Before joining the market in 2018, Tezos attracted a lot of hype around it. Tezos is a decentralized blockchain project that governs itself by establishing a true digital commonwealth and facilitates formal verification. The Tezos website states this is a technique that mathematically proves the correctness of the code governing transactions and boosts the security of the most sensitive smart contracts. The native cryptocurrency of Tezos is Tez or a Tezzie (XTZ). It is worth noting that the Tezos blockchain does not support mining. However, the platform enables token holders to receive a reward for taking part in the proof-of-stake...
Best EOS Wallets in 2019
EOS is a blockchain project that powers the development, hosting, and execution of commercial-scale decentralized applications on its network. This capability is achieved through the creation of an operating system upon which applications can be set up. Since joining the market, we have no official full form for EOS. The EOS platform enables businesses and individuals to create blockchain-based applications like web-based applications. The blockchain project also offers support for interface development. The EOS platform operates just like Google’s Play Store and Apple’s App Store. Generally, the EOS network has two elements, the EOS.IO, and the EOS. EOS.IO is responsible...
How a crypto-friendly regulation can affect a country’s development via the blockchain
There are dozens of examples where a specific country’s economy was boosted because of the government’s decision to welcome cryptocurrencies with open arms. But there are very few examples of a country like the Republic of Georgia, where companies and individuals can mine cryptocurrencies like there’s no tomorrow, not having to pay taxes as well as having low costs when it comes to electricity and labor. It’s safe to say that the blockchain took off in the Republic of Georgia because of Bitfury’s activities within the country. At some point, the company was mining as much as 15% of all...
Airdrops – what are they good for?
With an even slightest interest in the cryptocurrencies and blockchain, it was impossible not to hear for the cryptocurrency airdrops. For those who were not paying attention in the past couple of years, airdrops are free crypto tokens and coins. But, there is no free lunch. Users are asked to do various tasks to get free tokens and coins. Those tasks usually include following the blockchain project on social media, and airdrop can be collected in a couple of minutes. There are also a few complicated tasks that may include repetitive posting on various social media and content creation. These...
Paying with Cryptocurrencies
The introduction of blockchain technology took the industry by the storm. Various areas and businesses began to think about how to utilize its promising potential, especially the finance and banking systems set to gain the most on the emerging concept. The most emblematic outcome of the new order was the creation of cryptocurrencies and establishing the means to use them as payment. Naturally, at the humble beginnings of virtual money transactions, there were limited opportunities. One of the pioneers of the new solution, and blockchain technology in general, was gaming and betting websites. With the first adventurous companies and...
Best Places To Buy Ethereum In 2019
Ethereum is an open source public blockchain project set up on a distributed computing platform with smart contract functionality. Ethereum is the pioneer for smart contracts under the blockchain technology. The second-ranked crypto is currently on a bullish run that is being spearheaded by Bitcoin. By the time of writing Ehereum was trading at $303 with a market capitalization of $32,368,211,824. There are various ways of owning Ethereum. You can own Ethereum through mining. Previously, mining was a lucrative venture. However, mining is no longer a fruitful venture due to dwindling revenues. You can also own Ethereum by buying it...
Could video games turn into a liquidity source for cryptocurrencies?
One of the biggest disadvantages of cryptocurrencies is its liquidity. It’s quite hard to cash out all of your profits if you’re above the cap of a specific cryptocurrency exchange. On Binance for example, you’re forced to withdraw only 2 BTC at a time, and there are dozens of investors with hundreds of Bitcoins sitting on exchanges waiting to be withdrawn. The issue that arises here is that the exchange can get hacked at any moment and all of those Bitcoins can simply disappear. Most crypto exchanges have a refund policy were something like this to happen, but it’s never...
Best Places to Buy Ripple (XRP)
Ripple is a blockchain platform that is open source designed to power cheap and faster transactions across borders. The Ripple network is viewed to be a significant financial player in the banking sector. Ripple has its own currency dubbed XRP. Ripple also allows the user to use the platform to create their own systems via the RippleNet system. RippleNet is a network of institutional payment-providers such as banks and money services businesses that use methods developed by Ripple to provide smooth money transactions. On the other hand, XRP token is used for representing the transfer of value in the Ripple...
