Types of Cryptocurrencies

In the world of cryptocurrency, Bitcoin was just the beginning. Virtual currencies served a very important role in the investment realm. People start turning towards cryptocurrencies as compared to fiat currencies because of its transactional and monetary properties. Cryptocurrencies propelled the growth of dynamic market for investors and users.

What is the best and fastest way to learn trading? Well! Aside from Bitcoins, there are other cryptocurrencies available that will allow you to trade faster. However, we will only feature the top five virtual currencies in the market, including Bitcoins.

Bitcoin is the first ever cryptocurrency created and is still the most sought after cryptocurrency to this day. In the cryptocurrency network, Bitcoin is the digital gold standard. Pioneer of Blockchain Technology, Bitcoin made digital money possible.

It is the first decentralized peer-to-peer network powered by its users without any central authority or intermediary. No unnecessary costs are included in the digital money transaction. Over the years, Bitcoin’s value has immensely changed from zero to over $2000 per bitcoin to date. Bitcoin transaction volume has also reached 200,000 daily.

Bitcoin is impossible to counterfeit or inflate. This is one major advantage Bitcoin has in comparison with other cryptocurrencies. This is because only 21 million bitcoins were created for mining, no more no less. Hence, as a prediction by 2140, all bitcoins will already be mined. Through its blockchain technology, users have ultimate control over their money and transactions without having to go through an intermediary like the bank or Paypal.

Bitcoin transactions are impossible to be reversed. You should only deal with trusted parties as Bitcoin is also used as a means for cyber-crime like dark net markets or ransomware.

Media companies and investment firms in South Korea, India, Australia, and Japan already started discussing on the possibility of Bitcoin to be an alternative monetary system in the future. Discussion also includes how it may surpass the value of certain fiat currencies. Recently, ABC News have also reported the possibility for Bitcoin to replace even the USD in the next 10 years if it sustains its current exponential growth.

Ethereum was created by Vitalik Buterin. It has earned second place in the hierarchy of cryptocurrencies. Launched in 2015, this digital currency is predicted to outshine Bitcoin and may be the cryptocurrency of the future. Since its launch, Ethereum is currently worth $279.

Ethereum is a part of a blockchain network, just like Bitcoin. While Bitcoin blockchain focuses on tracking ownership of the digital currency, Ethereum blockchain focuses on running the programming code or network.

Ethereum enables the development of thousands of different applications in a single platform instead of having to build an entirely original blockchain for each new application. In the Ethereum blockchain, miners work to earn Ether, a crypto token that helps run the network. Its blockchain has the ability to decentralize any services that are centralized. As an example, Ethereum is able to decentralize services such as loans provided by banks, online transactions using Paypal, voting systems, and much more.

This digital currency can also be used to build a Decentralized Autonomous Organization (DAO). A DAO is a fully autonomous organization without a leader, run by programming codes on a collection of smart contracts written in the Ethereum blockchain. Like Bitcoin, it is designed to replace the structure of a traditional organization, which eliminates the need for people and a centralized control.

A third party cannot make any changes to the data of Ethereum blockchain. Tamper and corruption proof, Ethereum is built based on a network formed around a consensus, making censorship impossible.

Applications are well protected against any form of hacking because, just like Bitcoin, Ethereum is backed up by secure cryptography.

Launched in 2011, Litecoin is aspired as the “silver to Bitcoin’s gold.” With specialized computer hardware, Litecoin is mined in a way that eliminates some of the advantages for miners. Among any other mined cryptocurrency, Litecoin also recorded the highest market cap after Bitcoin.

The reason behind the creation of Litecoin is to make up what Bitcoin lacked. Confirmations of Litecoin transactions are processed more quickly than Bitcoin. Litecoin generates a block in 2.5 minutes, while Bitcoin does it in 10 minutes.

For miners and technical experts, the Litecoin possesses this very important difference to Bitcoin. Litecoin has a more improved work algorithm that speeds up the hashing power and system altogether. Thus, Litecoin can handle a higher volume of transactions. The faster block time prevents double spending attacks and there is nothing more crucial in the cryptocurrency world but confirmation.

With the current value of Litecoin is $46, Litecoin failed to secure and maintain its second place after Bitcoin. However, it is still actively mined, traded, and bought by investors as a backup in case Bitcoin fails. People can make use of various cryptocurrencies to do better and faster trading. This article has every single info that can help you with everything you need to know. 

Monero was launched in 2014 with a goal to create an algorithm to add what’s missing in the privacy features of Bitcoin. To conceal the identity of its senders and recipients, Monero invented a system known as the “ring signatures”.

The system combines a user’s private account keys with public keys obtained from Monero’s blockchain. This way, a ring of possible signers is created, which would not allow outsiders to link a signature to a specific user.

Monero provides its users the ability to keep their transactions private and share their information selectively. Each Monero account has a “view key” that allows anyone holding it to view the account’s transactions.

At first, Monero’s system concealed the senders and recipients involved in its transactions without hiding the amount being transferred. Later, the ring signature system was updated. The improved version of the system is known as “Ring CT”, which enabled the value of individual transactions and its recipients to be hidden.

Aside from its system, Monero also improved its privacy settings by using “Stealth Addresses”. These are randomly generated, one time addresses, created for each transaction on behalf of the recipients. This feature allows recipients to use a single address and transactions they receive go to separate, unique addresses. This way, each transactions cannot be linked to the published address of the recipients.

With this high level of privacy, each unit of Monero individual currency can be exchanged between one another. This means that each of Monero coin has the same value. Like other cryptocurrencies, Monero allows others to mine blocks. You can choose to join a mining pool, or you can mine Monero by yourself.

Anyone with a computer can mine Monero. Monero do not require any specific hardware or specific integrated circuits like Bitcoin. Monero uses a Proof-of-Work (PoW) Algorithm instead, which is designed to accept a wide range of processors, a feature which was included to ensure that mining was open to all parties.

Monero price frequently fluctuated from its launch until May 2017. Its current value is now $43.80. Monero has been accepted by multiple dark web marketplaces and has generated its own fan base because of its privacy settings. It is less speculative in comparison with other virtual currencies. Traders purchase Monero as a border for other cryptocurrencies.

This currency has already attracted millions in venture capital, including from Google Ventures. Unlike Bitcoin, Ripples are not mined. It is set up as a payment network, not only for Ripple, but for other currencies. Ripple also serves as an automated system for currency trades.

Ripple is actually a technology that has a dual function namely, as a digital currency and a digital payment network for financial transactions. Launched in 2012 and co-founded by Chris Larsen and Jed McCaleb, the cryptocurrency coin under Ripple is labeled as XRP.

Ripple is different from other cryptocurrencies. It operates on an open-source and a peer-to-peer decentralized platform that allows a transfer of money in any form, both fiat and cryptocurrency. It uses an intermediary in the currency transactions. The medium known as “Getaway” acts as a link in the network between two parties wanting to make a transaction.

The Gateway functions as a credit intermediary that receives and sends currencies to public addresses over the Ripple network. This is the reason why Ripple is less popular as compared to other digital currencies. It only has a $0.26 value to date.

Ripple’s systems exposes its users to certain risks. Although you are able to exchange any currencies, the network does not run a proof-of-work system like Bitcoin. Transactions are deeply dependent on a consensus protocol to validate account balances and transactions on the system.

However, Ripple improved some features such as transactions being completed within seconds on a Ripple network though the system handles millions of transactions frequently. Unlike traditional banks, transfers may take up days or weeks to complete. Ripple transaction fees are minimal, as compared to large fees charged by banks to complete cross-border payments.

The Ultimate Place For Crypto Beginners?

For the new crypto investor, this world can seem incredibly intimidating. Not only is there advanced technology to get to grips with, but you also must hold on tight as this industry rapidly evolves, progresses and changes. Whilst there are plenty of websites, blogs and resources out there for the seasoned crypto investor, it seems that little exists to provide a helping hand for complete beginners. Myself, Steve Robinson, alongside fellow crypto investors Roy Bonté and Laura Ankersmit recognised this vast gap in the market – the result of which has been the development of our Crypto Currency Invest platform.

This is an interesting platform that needs to be tried out by one and all even though certain people are skeptical on how things might turn out in the long run for others but right now the crypto market is in good form that has prompted different users to invest into it where you don’t need to click here now or some other time on the mouse but simply go ahead with this article.

So, what’s it all about… and more to the point, what could it do for you?

When the world faces uncertainty, investments in markets and reserves such as precious metals fair incredibly well. It’s little wonder then that as the EU faces Brexit, the US remains under tenuous leadership and global conflicts continue to rage, that people exactly like you are weighing up their financial options.

This uncertainty, as well as influences such as technological advancement, have fuelled a significant rise in crypto investment; far from slowing down, this market has recently passed a milestone $100 million valuation (as Fitz Tepper recently spoke of over on Tech Crunch).

As the market continues to push forward with some force, industry commentators such as MIT are noting the imminent entry into the mainstream financial markets for cryptocurrencies. Nevertheless (and again, as MIT identifies) this market isn’t quite as straight forward as other investment realms. There are challenges to be understood, such as overcoming unauthorised copying and the issues surrounding the anonymous use of crypto. All of which means that a firm grasp on how cryptocurrencies work is a non-negotiable starting point.

The global crisis gave rise to a wave of peer-to-peer lending, saving and investment platforms; and you yourself may have been attracted by promises of 10%+ returns. Yet these investments are not to be taken at face value – many aren’t regulated by any official body, and most provide no safety net for your money – leaving you wholly reliant on a faceless collection of CEOs. If you want to retain power over your investments, and remove the need for relying on small businesses or cash-strapped individuals who seek high interest loans, it’s time to explore the avenue of cryptocurrencies.

Bitcoin is the ultimate success story – rising from a value of $0.003 as of April 2010, to $2,000 + as of May 2017. Millions were made over night, with more than 1000 millionaires made to date (whilst its elusive creator, Satoshi Nakamoto, is now thought to be worth $1.1 billion).

But we’re guessing that you want to know whether these days have come and gone (as well as getting to grips with the necessary cryptocurrency basics). To find out, head on over to www.cryptocurrencyinvest.org – signing up with just your email allows you access to our invaluable five-part video series.

Ultimately, the CCI platform will help you do what we’ve done – build a reliable income around cryptocurrency, providing you with simple, understandable knowledge.

Once you’ve signed on to watch the full five videos and created your FREE account, you’ll be greeted with an initial video to run you through the back office of the Cryptocurrency Invest platform. With that watched and understood, it’ll be time for your first video.

We provide our training videos one at a time – with a video released each day. We adopt this structure as crypto currency is complex – there’s no escaping this. To counter this complexity, we stagger our content to help you digest all that you’ve learnt.

If you need a handy reminder as to when the next video is available, simply sign up for notifications (don’t worry – you’ll be prompted about this during the registration process – we like to make things super straightforward!).

And finally… An important note about ‘FREE’ membership

Many websites create smoke and mirrors when it comes to membership, stating that it is FREE, only to request credit card details or put a limit on how long this ‘free membership’ lasts.

Not CCI – membership is completely and totally free, forever (no credit card details taken, ever).

Three valuable bitcoin marketing strategies that really work!

Bitcoin has an unpredictable and challenging nature that attracts numerous investors. The popularity of bitcoin has increased, and in today’s time, more and more companies are trying to establish ICO businesses. ICO stands for Initial Coin Offering, which helps in the effective use of the marketing resources online and helps in the promotion of the crypto coins in place of their clients or customers. There are a high number of strategies and tactics of bitcoin marketing that can make people rich. The most crucial thing is to utilize bitcoins and invest in them at the proper time.

There are some top and effective bitcoin marketing strategies that really work, but there is one thing that can help to know whether the bitcoin will give your profit or not. You can easily check the BTC blueprint review and know about its features and efficiency.

  • Recognize the market

The first and primary strategy is to read and understand the market. Recognizing the market will help you to know whether your business is prepared for ICO or not. Properly analyze the business industry as this will give you an idea of whether bitcoin adds value to your products or not.

  • Craft a white paper

It is imperative for ICO companies to craft a white paper that acknowledges and explains every commercial and financial detail of the bitcoins. The bitcoin marketing agencies first focus on creating a white paper if the client has not got one.

  • Build a community

One of the most effective ways of marketing bitcoin is to build a community and promote bitcoin there. The clients can build a community through group sites, social media where you can make a group, and people can take part in discussions and help in promoting bitcoins to interested users.

Hot Wallets For Bitcoins

It is really important that you learn about hot wallets if you are into bitcoin trading. Moreover, there are credible trading websites such as the Bitcoin revolution that you can try in order to excel in bitcoin trading. If you have any question in your mind such as Is Bitcoin Revolution betrouwbaar? Then you can follow this link here and read honest reviews about the Bitcoin revolution. 

Hot wallets are basically the online wallets that you use in order to send and receive bitcoin token as you trade online. As there are no dedicated banks that validate these transactions it is really important that you pay attention to the working of hot wallets and how you can keep your online wallet safe from hackers and online threats. 

Keeping all this in mind, most investors prefer multiple wallets in which they store their bitcoins. Some of them are connected to the internet while some are not. This way they can keep their earning safe from these online threats. 

The biggest reason why hot wallets are used while trading is because of the convenience they offer while sending and receiving online tokens. As the token is used online they are transferred across the internet making them prone to online threats. 

On the downside, since hot wallets are always connected with the internet, they are highly prone to online threats. However, you also get different security features that allow you to keep your online wallet secure. This is why hot wallets are quite different from cold storage methods. 

You also have software hot wallets that are applications that you can download in order to keep your private and public keys safe from online threats. Since these applications are not linked to any account you can easily maintain and control your digital currencies with the help of this software.

 Lastly, there are crypto users that prefer flash drive keys that allow them to access their wallets without any internet connection. 

These are the important things that you should keep in your mind you start with crypto trading through the hot wallet.