Elastika: Blog Elastika: Blog https://www.elastika.org/blog/ Copyright by Elastika en Elastika Tue, 23 Oct 2018 08:26:53 -0400 Prepping for a Cryptocurrency World: China Edition

Over the past year, the cryptocurrency market took a series of heavy punches from the Chinese government. The market took the hits like a warrior, but the combos have taken its toll in many cryptocurrency investors. The market lackluster performance in 2018 pales in comparison to its stellar thousand-percent gains in 2017.

What has happened?

Since 2013, the Chinese government have taken measures to regulate cryptocurrency, but nothing compared to what was enforced in 2017. (Check out this article for a detailed analysis of the official notice issued by the Chinese government)

2017 was a banner year for the cryptocurrency market with all the attention and growth it has achieved. The extreme price volatility forced the Central bank to adopt more extreme measures, including the ban of initial coin offerings (ICOs) and clampdowns on domestic cryptocurrency exchanges. Soon after, mining factories in China were forced to close down, citing excessive electricity consumption. Many exchanges and factories have relocated overseas to avoid regulations but remained accessible to Chinese investors. Nonetheless, they still fail to escape the claws of the Chinese Dragon.

In the latest series of government-led efforts to monitor and ban cryptocurrency trading among Chinese investors, China extended its "Eagle Eye" to monitor foreign cryptocurrency exchanges. Companies and bank accounts suspected of carrying out transactions with foreign crypto-exchanges and related activities are subjected to measures from limiting withdrawal limits to freezing of accounts. There have even been ongoing rumors among the Chinese community of more extreme measures to be enforced on foreign platforms that allow trading among Chinese investors.

"As for whether there will be further regulatory measures, we will have to wait for orders from the higher authorities." Excerpts from an interview with team leader of the China's Public Information Network Security Supervision agency under the Ministry of Public Security, 28th February

WHY WHY WHY!?

Imagine your child investing his or her savings to invest in a digital product (in this case, cryptocurrency) that he or she has no way of verifying its authenticity and value. He or she could get lucky and strike it rich, or lose it all when the crypto-bubble burst. Now scale that to millions of Chinese citizens and we are talking about billions of Chinese Yuan.

The market is full of scams and pointless ICOs. (I'm sure you have heard news of people sending coins to random addresses with the promise of doubling their investments and ICOs that simply don't make sense). Many unsavvy investors are in it for the money and would care less about the technology and innovation behind it. The value of many cryptocurrencies is derived from market speculation. During the crypto-boom in 2017, participate in any ICO with either a famous advisor onboard, a promising team or a decent hype and you are guaranteed at least 3X your investments.

A lack of understanding of the firm and the technology behind it, combined with the proliferation of ICOs, is a recipe for disaster. Members of the Central bank reports that almost 90% of the ICOs are fraudulent or involves illegal fundraising. In my opinion, the Chinese government wants to ensure that cryptocurrency remains 'controllable' and not too big to fail within the Chinese community. China is taking the right steps towards a safer, more regulated cryptocurrency world, albeit aggressive and controversial. In fact, it might be the best move the country has taken in decades.

Will China issue an ultimatum and make cryptocurrency illegal? I highly doubt so since it is pretty pointless to do so. Currently, financial institutions are banned from holding any crypto assets while individuals are allowed to but are barred from carrying out any forms of trading.

A State-run Cryptocurrency Exchange?

At the annual "Two Sessions" (Named because two major parties- National People's Congress (NPC) and the National Committee of the Chinese People's Political Consultative Conference (CPCC) both take part in the forumï¼Â‰held on the first week of March, leaders congregate to discuss about the latest issues and make necessary law amendments.

Wang Pengjie, a member of the NPCC dabbled into the prospects of a state-run digital asset trading platform as well as initiate educational projects on blockchain and cryptocurrency in China. However, the proposed platform would require a authenticated account to allow trading.

"With the establishment of related regulations and the co-operation of the People's Bank of China (PBoC) and China Securities Regulatory Commission(CSRC), a regulated and efficient cryptocurrency exchange platform would serve as a formal way for companies to raise funds (through ICOs) and investors to hold their digital assets and achieve capital appreciation" Excerpts of Wang Pengjie presentation at the Two Sessions.

The March towards a Blockchain Nation

Governments and central banks worldwide have struggled to grapple with the increasing popularity of cryptocurrencies; but one thing is sure, all have embraced blockchain.

Despite the cryptocurrency crackdown, blockchain has been gaining popularity and adoption in various levels. The Chinese government have been supporting blockchain initiatives and embracing the technology. In fact, the People's Bank of China (PBoC) have been working on a digital currency and have conducted mock transactions with some of the country's commercial banks. It is still unconfirmed if the digital currency will be decentralized and offer features of cryptocurrency like anonymity and immutability. It wouldn't come as a surprise if it turns out to be just a digital Chinese Yuan given that anonymity is the last thing that China wants in their country. However, created as a close substitute of the Chinese Yuan, the digital currency will be subjected to existing monetary policies and laws.

People's Bank of China Governor, Zhou Xiaochuan. Source: CNBC

"Lots of cryptocurrencies have seen explosive growth which can bring significant negative impact on consumers and retail investors. We don't like (cryptocurrency) products that make use of the huge opportunity for speculation that gives people the illusion of getting rich overnight" Excerpts from Zhou Xiaochuan interview on Friday, 9th March.

On a media appearance on Friday, 9th March, Governor of People's Bank of China, Zhou Xiaochuan criticized cryptocurrency projects that leveraged on the crypto-boom to cash in and fuel market speculation. He also noted that development of the digital currency is 'technologically inevitable'

On a regional level, many Chinese cities have are driving blockchain initiatives to promote growth in their region. Hangzhou, renown for being the headquarters of Alibaba, have stated blockchain technology to be one of the city's top priorities in 2018. The local government in Chengdu city have also been proposed the building of an incubation center to foster the adoption of blockchain technology in the city's financial services.

Local conglomerates such Tencent and Alibaba have also formed partnership with blockchain firms or initiated projects on their own. Blockchain firms such as VeChain have also secured multiple partnerships with Chinese firms to improve supply chain transparency in China.

All clues point to the fact that China is working towards a blockchain nation. China has always had a open mentality to emergent technologies such as mobile payment and Artificial Intelligence. Henceforth, it is without a doubt that China will be the first blockchain-enabled country. Will we see the Chinese government backing down and let its citizens trade again? Probably, when the market has matured and is less volatile but definitely not in 2018.

I'm currently a student studying in Shanghai. As a tech enthusiast, I'm excited about the tech scene in China. Do contact me at chewweichun94@gmail.com for any working opportunities!

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Uncategorized https://www.elastika.org/blog/prepping-for-a-cryptocurrency-world-china-edition/ https://www.elastika.org/blog/prepping-for-a-cryptocurrency-world-china-edition/ Editor Tue, 21 Aug 2018 10:57:28 -0400
How Cryptocurrencies Are Adding Complexity to the Divorce Process

If you don't personally invest in cryptocurrency, then it's likely that at this point you have friends, family members, or colleagues who do. Cryptocurrencies have risen from a very niche market to becoming nearly fully mainstream, and they've done so in a very short amount of time. Now that they're so ubiquitous, there's a new question to wrangle with, and that's the matter of how cryptocurrencies are handled in the divorce process.

Determining and distributing financial assets, as well as determining alimony payments, are central issues to be resolved during the majority of divorce proceedings. There are many tools at an attorney's disposal for the disclosure of financial assets, however when you combine Bitcoin and divorce, you're left with something entirely new.

Handling Bitcoin and divorce is different from handling other financial assets for several huge reasons. One is the sheer volatility of their value. Bitcoin and other cryptocurrencies have been known to undergo absolutely wild swings, both up and down, in value. Therefore, value either needs to continue to be tracked and updated on the fly, or set at a particular time, when it could end up being worth something much different down the line. In either instance, it's a less than ideal circumstance for determining and distributing assets or setting alimony.

Another key issue to understand between cryptocurrency and divorce is that these markets and their transactions were designed to be both anonymous and secure. Looking up the holdings, accounts, or transactions of an individual is not the same as looking into a bank account, retirement account, or stock portfolio. The traceability of an individual's crypto accounts will be difficult at best, and whether or not the courts put any subpoena power behind that remains unclear at this time.

Clearly this is only the beginning of the issue of Bitcoin and divorce, because all cryptocurrencies are still on the rise. As more people begin or continue to use them, and they become more common and accepted, how they're handled as financial assets during divorce proceedings will continue to be in the spotlight. It's the fact that they rose so quickly to begin with that has left many people off guard today with how to treat them in such matters. Keep in mind, Bitcoin was launched less than a decade ago.

As always, be sure to consult with an experienced professional in your local area. While there's still much uncertainty about how Bitcoin and divorce will be treated, and what types of rulings may await us in the future, an experienced divorce attorney will be able to guide you through the process, and offer insight into the areas of financial discovery and all aspects of a pending case.

When you're ready to find a new divorce attorney in Maryland, visit the Law Offices of Brandon Bernstein, LLC, at BrandonBernsteinLaw.com. Mr. Bernstein is a 5-time Super Lawyers Rising Stars award winner in Maryland, and his firm is ready to help you as your Maryland family law attorney.

This article does not represent legal advice or an attorney-client relationship. Always consult with an attorney before making any legal or financial decisions.

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Uncategorized https://www.elastika.org/blog/how-cryptocurrencies-are-adding-complexity-to-the-divorce-process/ https://www.elastika.org/blog/how-cryptocurrencies-are-adding-complexity-to-the-divorce-process/ Editor Fri, 03 Aug 2018 02:44:18 -0400
How Blockchain Is Changing Corporate Giving

The blockchain refers to a public ledger technology in which each cryptocurrency transaction is digitally signed to confirm its originality and ensure that the information therein is not tampered with. As such, the operations recorded on the blockchain and the ledger itself are considered to be of the highest level of integrity.

In the early days of cryptocurrency, people thought that blockchain was all about bitcoin. Today, it is fast becoming evident that the technology is about more than just bitcoin, or digital currencies for that matter. But while blockchain has the potential to revolutionize nearly every industry, nowhere will its impact be more pronounced than in charitable giving.

For charity organizations, blockchain presents a rare window for transparency and honesty, which could help make them more trustworthy in the eyes of backers. Some of the problems that nonprofits grapple with involve lack of accountability for how money is spent and transparency. Donors are sometimes reluctant to give because they cannot be sure where their funds are going to or who they are helping with their donation. Over time, such concerns can cause them to become disenchanted.

This makes it hard for charity organizations to attract sponsors or retain them. However, blockchain is fast raising trust in the system by showing philanthropists where their money is going. The technology achieves this by making the system wholly transparent and information, easily accessible. Here's how blockchain enhances transparency and trust in charities:

  • Funds go directly to the cause donors are contributing towards. Thanks to blockchain technology, donations need not pass through intermediaries any more. Instead, they go straight to the recipients and the companies that are in a position to assist them. This help ensures that there's less room for fraud or financial leakage in the system and that monies aren't going into the wrong pockets. The result is that donors feel more encouraged to give.
  • All transactions are traceable. Distributed ledgers can be used to track transactions. Such improved traceability makes it easier to monitor how funds are being spent. As a result, donors can see even from a distance, how their funds ended up helping the people that charity foundations claim to assist.
  • Blockchain makes it easier to tell well-intentioned organizations apart from fraudulent ones. Since donations made using cryptocurrencies can be traced, it becomes easier for donors to identify the organizations that are furthering their cause from those that only seek to enrich a few individuals. This way, they get to know the right charities to work with.
Overall, blockchain and cryptocurrency will help ensure efficiency and give backers confidence that their donation is being put toward the cause that they support.

Well-intentioned organizations need to embrace the technology if they plan to improve transparency as well as track and transfer funds quickly. It is for all these reasons that platforms such as Sponsy seek to help Businesses to deliver greater transparency and trust through the blockchain technology.

Chris Bouchard is a strategic consultant who works with non-profit leaders and social entrepreneurs to apply concepts and techniques to identify complex strategic issues, find practical solutions, and devise strategies to create and win a unique strategic position. He also offers project development, proposal writing, and project evaluation services.

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Uncategorized https://www.elastika.org/blog/how-blockchain-is-changing-corporate-giving/ https://www.elastika.org/blog/how-blockchain-is-changing-corporate-giving/ Editor Fri, 13 Jul 2018 02:55:07 -0400
2018 Is the Year of the Masternodes Cryptocurrencies

Digital currencies such as Bitcoin and Ethereum are in the news headlines everyday. The properties that make these cryptocurrencies unique is their abilities to act as a store of value, and lightning quick transfer speeds, or at least with the introduction of the lightning network for Bitcoin, and Ethereum' Casper switch to pos and its smart contract capabilities allow cryptocurrencies to be more than just money. Now Masternodes coins are all the rage due to the added incentive it gives to owning a percentage of a certain currency.

If you could imagine your good old blue faced hundred dollar bill being on steroids then you would be close to imagining a masternodes coin. In the world of cryptocurrencies, proof of stake is the method of confirming transactional hash that maintains the consensus and keeps all the notes on the same page, so that there cannot be double spending of any certain transactions and all is well with the network consensus. Staking your coins is a way of utilizing the amount of currency you own and syncing your digital wallet with the network to help maintain it, and in return you receive an incentive for helping validate the transactions. To run a masternodes, one must have a set number of coins running on a network and follow the Masternodes setup instructions for whichever currency you are planning on investing in. The added incentive is amazingly more than just staking your coins, in some cases, upwards of 1500 percent annually. It is these astronomical return on investments that is really bringing a ton of attention and investment into the Masternodes market.

One crypto planning on releasing a Masternodes coin early 2019 is the Tattoo Allince Token, to be a side chain on the Egem blockchain,whichs on disrupting the tattoo industry by creating a tokenized rewards system for both people wanting to buy tattoos and the artists who look forward to applying the artwork in return for the token. I believe this will be an amazing and refreshing idea and a great way to add long term benefits for tattoo artists who up till now have no 401k or incentive program in place. I am optimistic about this crypto since it strives to achieve great rewards and add value to a cash heavy industry. I believe that alongside the Masternodes capabilities, it will also have staking and a smart contract protocol as well as offering decentralized autonomous governance and a memberships rewards program. Look for more on TAT Masternodes token, coming early next year.

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Uncategorized https://www.elastika.org/blog/2018-is-the-year-of-the-masternodes-cryptocurrencies/ https://www.elastika.org/blog/2018-is-the-year-of-the-masternodes-cryptocurrencies/ Editor Sun, 17 Jun 2018 02:47:52 -0400
Corda Review: A Solution for All and Any Friction in the Blockchain Business

Corda is a solution to any and all the friction in the blockchain business through not only delivering on the great early promise of the blockchain technology but also addressing business needs for interoperability as well as privacy. For instance, it enables businesses to transact directly by removing the costly frictions that are involved in any business transactions. Besides, it guarantees all the business parties that they are always in sync, which in turn enables dramatic efficiency benefits for operations in the complex business.

In order to understand what the Corda project is all about, let's dig deeper looking at what it entails, its benefits, and how it achieves the privacy it promises.

What is Corda?

Briefly, Corda is an open source project in the blockchain business designed by the R3 community. With it being an outcome of the collaboration between technology partners and financial institutions, Corda was designed specifically targeting business from the start to serve various purposes. These include:

  • Directly integrate into organizations systems.
  • Facilitate a rapid deployment of new process.
  • Enable a smooth transition to new processes.
As a platform, Corda lacks any cryptocurrency built in it, but rather it is one that controls existing and proven infrastructure and technology. As such, Corda does not require mining style consensus. Such results to the presence of great cost related with little business benefit.

Benefits of Corda in the Blockchain World

Based on its above mentioned designed purpose, the blockchain world ought to celebrate Corda-for has brought into existence more positive impacts in the blockchain world. The major ones are:

  • Enabling parties to transact directly- Through its modern cryptographic techniques, Corda has ensured that direct transfer of value can effectively occur as well as systems are in agreement. These in turn help in removing costs which consequently facilitates and initiates the presence of direct transactions between parties involved.
  • Ensuring and retaining privacy over transaction history- With the retention of privacy and assurance of integrity and validity being a major challenge in the blockchain world, Corda has another reason to be celebrated for its offers a solution to the challenge. Through its various techniques, Corda provides assurance both of a transactions validity and integrity- confirming of competing and conflicting transactions in the transaction history. When doing the above, Corda also ensures that it retains privacy.
Ways That Corda Achieve Privacy

With ensuring and retaining privacy as one of its major benefit of Corda in the blockchain world, it does so through:

  • Full encryption- For this, it targets peer-to-peer network.
  • Key randomization and rotation- It will do so in conjunction with automatic identity management when aiming at de/ anonymizing transactions.
  • Intel Software Guard Extensions- Through these, Corda will enclave technology and consequently allows records to be verified at the same time remaining encrypted to all the parties involved.
  • Structuring Transactions- Corda will structure transactions in a Merkle tree which in turn helps it to allow only revealing of selective information.
Parting Shot

With costly friction being a popular and common phenomenon and a challenge in business, there is the need for the blockchain world to embrace Corda as the solution if only they need to witness great performance. Corda will remove such frictions and in turn will have aligned benefits to the blockchain world such as the presence of direct transaction between parties and retention of privacy over transaction history. As such, there is no doubt that Corda is the real solution in the blockchain world.

If you are looking for nothing but the best cryptocurrency and blockchain related articles, simply consider HIRING ME.

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Uncategorized https://www.elastika.org/blog/corda-review-a-solution-for-all-and-any-friction-in-the-blockchain-business/ https://www.elastika.org/blog/corda-review-a-solution-for-all-and-any-friction-in-the-blockchain-business/ Editor Thu, 14 Jun 2018 02:57:42 -0400
How to Launch an Initial Coin Offering - Some Questions to Ask Yourself

Many people believe that cryptocurrency is the next frontier in the FinTech world. Launching an ICO can be a great mark of success for blockchain platforms. However, it also needs to overcome major hurdles that currently fragment the industry. Success requires much more than just a strong product or an excellent ICO whitepaper.

Before you embark on the journey of setting up an ICO for your business project, it's imperative that you have a general idea of how to launch an Initial Coin Offering so that you stay on the right track which takes you closer to your money raising goals. Have a look at these important questions which you must ask yourself prior to launching an Initial Coin Offering:

Are ICO Campaigns Appropriate For Every Business Type Or Niche? 
ICO campaigns may prove to be successful for some business or futile for some. A number of startup owners think that ICO is a great means to acquire funding for any project. It allows for raising funds quickly plus avoiding the expensive procedure of registering an IPO with the authoritarian agencies. For businesses to thrive in the cryptocurrency industry, the major requirement is generating worth for the users and investors. Authenticity and transparency are amongst the foundation pillars of the ICO and cryptocurrency arena.

What Should You Emphasize On Before Launching An ICO? 
The practice of many ICO campaigns shows the protection of investors, the goal interests and topics which suits the audience's interests. The business owner has to be strong-minded and should openly express his objectives and long-term goals to the audience prior to successfully launching the ICO.

How to Leverage the Team in an ICO Campaign 
From investor's point of view, a professional team working on the project is one of the most important factors when you are contributing to an Initial Coin Offering. It is essential to have a list of all the core team members with their faces plus social media profiles so that any valuable contributor can actually see the brains behind the project. However, at the same time, you may look for professionals in the industry and get them aboard as project advisors.

What Are The Important Features For ICO? 
Good timing and communication are the necessary features of ICO. It may be influential to launch your Crowdsale campaign as soon as possible. In many cases, ICOs are restricted in time so timing plays a vital role. The most important things to cover are the goals, investor's terms and the team. One more important feature of the Crowdsale campaign is PR. Ensure to stay on talking terms with your audience both previously and throughout the ICO campaign.

What Should Not Be The Ideal Practice While Running An ICO? 
When dealing with other person's money you need to make sure that you are not breaching any laws every step of the way. Thus, it is highly recommended to hire the services of a lawyer while organizing an ICO campaign. Breaking the law is just like losing the people's expectations. That's why it makes sense updating participants on the growth of your project. Also, keeping in touch with the contributors is one of the most important things you can do for the Crowdsale campaign.

Do You Have A Vision For The Future? 
Preparing for an Initial Coin Offering involved a solid vision so it's crucial for you to think about how you can reshape the future economy through the project's cryptocurrency. It is fundamental to align the short-term goals by giving a positive trading experience that maximizes the trader's profit.

Indeed, the above-mentioned questions would definitely be eye-opening before you launch an ICO. The knowledge of these important aspects and steps would solve all your queries as to how to launch an Initial Coin Offering effectively. ICO is an exciting funding mechanism and we wish you all the very best.

For more details visit: https://antiersolutions.com/ICO-development.html

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Uncategorized https://www.elastika.org/blog/how-to-launch-an-initial-coin-offering-some-questions-to-ask-yourself/ https://www.elastika.org/blog/how-to-launch-an-initial-coin-offering-some-questions-to-ask-yourself/ Editor Tue, 05 Jun 2018 02:56:19 -0400
Top Cryptocurrencies for 2018: What Are the Best Bitcoin Alternatives? Important: This position should not be considered as an investment council. The author focuses on the best coins in terms of actual use and adoption, not from a financial or investment perspective.

In 2017, cryptographic markets set the new standard for simple profits. Almost every piece or chip made incredible returns. "A rising tide throws all the boats," as they say, and the end of 2017 was a deluge. The increase in prices has created a positive feedback cycle, which is attracting more and more capital into Crypto. Unfortunately, but inevitably, this galloping market is leading to a massive investment. Money has been thrown indiscriminately in all kinds of dubious projects, many of which will not bear fruit.

In the current bearish environment, hype and greed are replaced by a critical assessment and prudence. Especially for those who have lost money, marketing promises, endless shillings, and charismatic oratorios are no longer sufficient. Well, basic reasons to buy or hold a coin are Paramount once again.

Fundamental factors in the evaluation of a cryptocurrency

There are some factors that tend to conquer the hype and price pumps, at least in the long term:

Adoption Angle

Although the technology of a cryptocurrency or ICO business plan may seem surprising without users, they are just dead projects. It is often forgotten that widespread acceptance is an essential feature of money. In fact, it is estimated that over 90% of the value of Bitcoin is a function of the number of users.

While the acceptance of Fiat is entrusted by the State, the acceptance of cryptography is purely voluntary. Many factors play in the decision to accept a coin, but perhaps the most important consideration is the likelihood that others will accept the coin.

Security

Decentralization is essential for the I push Model of a true cryptocurrency. Without decentralization, we have a little closer to a Ponzi scheme than a real cryptocurrency. Trust in individuals or institutions is the problem-a cryptocurrency tries to solve.

If the dismantling of a coin or a central controller can change the transaction record, it is questioning its basic security. The same applies to parts with unproven code that have not been thoroughly tested over the years. The more you can count on the code to function as described, regardless of human influence, the greater the security of a coin.

Innovation

Valid coins strive to improve their technology, but not at the expense of safety. Real technological progress is rare because it requires a lot of expertise-and also wisdom. Although there are Always fresh ideas that can be screwed on, if doing so puts vulnerabilities or critics of the original purpose of a coin, misses the point.

Innovation such as developments in blockchain can be a difficult factor to evaluate, especially for non-technical users. However, if a currency code is stagnated or does not receive updates that deal with important issues, it can be a sign that developers are weak about ideas or motivations.

Incentives

The economic incentives inherent in a currency are easier to grasp for the average person. If a coin had a large pre-mine or an ICO (initial part offer) the team held a significant share of chips, then it is quite obvious that the main motivation is the profit. By purchasing what the team offers, you play your game and enrich it. Be sure to provide a tangible and reliable value in return.

5 cryptocurrencies to buy in 2018

There has never been a better time to re-evaluate and balance a cryptographic portfolio. Based on their solid foundation, here are five pieces that I feel are worth sticking to or maybe buy at their current depressive prices (which, just warning, could go lower).

#1. Bitcoin (because of its decentralization)

The number one belongs to Bitcoin (BTC), which remains the market leader in all categories. Bitcoin has the highest price, the widest assumption, most of the security (because of the phenomenal energy consumption of Bitcoin mining), the most famous brand identity (the forks have tried to be appropriate), and most of the development Active and rational. It is also the only piece to date that is represented in the traditional markets in the form of Bitcoin futures trading on the American CME and CBOE.

Bitcoin remains the main engine; The performance of all other parts is highly correlated with the Bitcoin performance. My personal expectation is that the gap between Bitcoin and most-if not all-other parts will expand.

Bitcoin has several promising innovations in the pipeline that will soon be installed as additional layers or soft forks. Examples are the Flash system (LN), the tree, Schnorr signatures Mimblewimbleund much more.

In particular, we plan to open a new range of applications for Bitcoin, as it allows for large-scale, microtransactions and instant and secure payouts. LN is increasingly stable as users test their different possibilities with real Bitcoin. As it becomes easier to use, it can be presumed to benefit greatly from the adoption of Bitcoin.

#2. Litecoin (because of its persistence)

Litecoin (LTC) is a clone of Bitcoin with a different hash algorithm. Although Litecoin no longer has the anonymity technology of Bitcoin, amazing reports have shown that the adoption of Litecoin in the dark markets is now second, the only bitcoin. Although a currency that I have much more appropriate for the role of acquiring illegal goods and services, perhaps this presents itself as a result of the longevity of Litecoin: It was launched at the end of 2011.

Another factor in Litecoin's favor is that it integrates the Bitcoin SegWit technology, which means that Litecoin is prepared for LN. The Litecoin can benefit from an exchange of atomic chains. In other words, secure peer-to-peer trading of currencies without third parties (i.e. exchange) participation. Since Litecoin keeps its code largely synchronized with Bitcoin, it is well positioned to benefit from the technical progress of Bitcoin.

#3. Ethereum (because of intelligent contracts)

Ethereum (ETH) has some major problems at the moment. First of all, governments are cracking on ICO, and rightly so: many have turned out to be either fraudulent or bankruptcies. Since most ico run on the Ethereum network as an ERC token 20, the ICO mania has brought a lot of value to Ethereum in recent years. If the appropriate rules are taken to protect investors Ethereum projects scams can claim a certain legitimacy as a crowdfunding platform.

The second major problem facing Ethereum is the delayed transition to a new hybrid work and battery detection system. Ethereum mining GPU is currently profitable, but Bitmain has just announced Ethereum ASIC minor, which is likely to have an impact on the lower lines of GPU miners. It remains to be seen whether this will change the POW-and how successful this change is going to be.

If the Ethereum can survive these two major problems-regulation and mining-will have shown a great resilience. Otherwise, there are several competing currencies tracking its shadows, such as Ethereum Classic (etc), Cardano (ADA) and EOS.

#4. Monero (because of his anonymity)

Although its adoption in the dark markets is not all that could be expected, I (XMR) remains the privacy of the Prime Minister. His reputation and market capitalization are still above those of his rivals-and for good reason.

Monero's code requires less confidence that the Zcash "loyal" key ceremony, and had a fair start, unlike Dash. That Monero recently changed his Pow to defeat the development of a small ASIC for his algorithm confirms the commitment of the piece of mining decentralization. A significant drop in the hash rate is due to the new version, which is consistently reported against ASIC. This could also be an opportunity for GPU and even minor CPUs to get back to me. The new version of Monero, 0.12, also includes other improvements that show Monero continue to grow along sensitive lines.

#5. iPRONTO (A decentralized incubation platform)

iPRONTO is an incubation platform Ethereum chain dedicated to investors looking for a safe and reliable platform to invest in new ideas and future innovators that can present their ideas and receive opinions from users, Experts in the field on the practice and implementation of derived ideas.

The ideas of the innovators are supported as the NES in Smart Contract format will be signed between the expert platform and the customer if the business idea of the client to the Committee for the examination and registration on the platform. The idea will not be published for all users on the public platform of the chain, but only for selected members of the target community who are willing to sign the Smart contract to maintain the confidentiality of the idea.

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Uncategorized https://www.elastika.org/blog/top-cryptocurrencies-for-2018-what-are-the-best-bitcoin-alternatives/ https://www.elastika.org/blog/top-cryptocurrencies-for-2018-what-are-the-best-bitcoin-alternatives/ Editor Wed, 09 May 2018 02:45:26 -0400
Online Political Election Voting System Based On Blockchain Technology

We hear about Blockchain and Bitcoin every day; however, it should be noted that Blockchain is way beyond Bitcoin and cryptocurrencies. It is a platform which is being used for carrying out economic transactions in the most incorruptible way. As a matter of fact, this technology can be used not only for economic transactions but for anything of value in a virtual way. Blockchain is being used in the pharmaceutical industry, fashion and accessory industry, food safety industry, airlines industry and many more.

In a world where technology has reached a point where scientists are coming up with flying cars, why is one of the essential systems that form the government of a country still unsecured and rigged? With the advancement of technology, everything has become a lot more transparent and convenient, then why is this technology not being used to carry out easy and fair elections? In most countries, voting is a right for every adult. Then why doesn't the entire adult population of a country go ahead to vote on the Election Day? Maybe because the voting center is too far. People have to go and stand in huge lines just to cast a single vote. Some even believe that their vote doesn't count because of unfair election results.

The solution to this huge problem has finally arrived. A platform that allows blending the perfect combination of technology and politics into one. This results in the invention of Blockchain Voting. If this technology can be used for so many other purposes, why can it not be used for the most important function that is voting? Blockchain voting is an online voting platform that allows a secure, hassle-free, reliable and quick method for the sole purpose of voting for an election. Blockchain voting can completely change the way we vote for the best. It will leave no scope of doubt or question in the voter's mind.

In the modern day and age of technology, there are certain things that work best through the old ways only. However, voting is not one of those things. Voting is the process by which the citizens of a country choose their leaders. This process should be highly secure, fair and absolutely accurate; all which are the characteristics of blockchain. Blockchain Voting is immutable, transparent and cannot be hacked into in order to change the results. Blockchain Voting is an effective means to conduct elections. This will ensure that there is no voter fraud and no repetition of votes leading to a fair election. Blockchain Voting is the need of today's democratic and adult population who believes that they can bring a change in this world.

The stakeholders involved in Blockchain Voting would be same as the stakeholders in the conventional method of voting. This revolutionary change can encourage a lot of people of the vote. Anyone who has an internet connection and is an adult which means they have the right to vote is eligible to be a part of this process of Blockchain Voting.The use of this technology from a voter's point of view is very simple.

Anyone with a phone and internet access will easily be able to understand the specifications of the platform. The citizens who are voting don't have to wait in long lines and don't have to travel a lot to go and vote. This quick and hassle-free method of voting will engage more and more people to participate in the voting process and be a part of a more democratic world. This is definitely a cheaper and simpler method of conducting elections. As soon as various governments realize the importance of introducing this technology into their political environment, the better it will for nations to have easy and fair elections.

Coalichain is a decentralized governance platform, delivering effective, accountable democracy to any organization from DAOs, through companies, NGOs, municipalities and all the way to general elections, lead by co-founders Levi Samama For More Information - https://www.coalichain.io/

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Uncategorized https://www.elastika.org/blog/online-political-election-voting-system-based-on-blockchain-technology/ https://www.elastika.org/blog/online-political-election-voting-system-based-on-blockchain-technology/ Editor Wed, 02 May 2018 03:01:46 -0400
Cryptocurrency: The Fintech Disruptor

Blockchains, sidechains, mining - terminologies in the clandestine world of cryptocurrency keep piling up by minutes. Although it sounds unreasonable to introduce new financial terms in an already intricate world of finance, cryptocurrencies offer a much-needed solution to one of the biggest annoyances in today's money market - security of transaction in a digital world. Cryptocurrency is a defining and disruptive innovation in the fast-moving world of fin-tech, a pertinent response to the need for a secure medium of exchange in the days of virtual transaction. In a time when deals are merely digits and numbers, cryptocurrency proposes to do exactly that!

In the most rudimentary form of the term, cryptocurrency is a proof-of-concept for alternative virtual currency that promises secured, anonymous transactions through peer-to-peer online mesh networking. The misnomer is more of a property rather than actual currency. Unlike everyday money, cryptocurrency models operate without a central authority, as a decentralized digital mechanism. In a distributed cryptocurrency mechanism, the money is issued, managed and endorsed by the collective community peer network - the continuous activity of which is known as mining on a peer's machine. Successful miners receive coins too in appreciation of their time and resources utilized. Once used, the transaction information is broadcasted to a blockchain in the network under a public-key, preventing each coin from being spent twice from the same user. The blockchain can be thought of as the cashier's register. Coins are secured behind a password-protected digital wallet representing the user.

Supply of coins in the digital currency world is pre-decided, free of manipulation, by any individual, organizations, government entities and financial institutions. The cryptocurrency system is known for its speed, as transaction activities over the digital wallets can materialize funds in a matter of minutes, compared to the traditional banking system. It is also largely irreversible by design, further bolstering the idea of anonymity and eliminating any further chances of tracing the money back to its original owner. Unfortunately, the salient features - speed, security, and anonymity - have also made crypto-coins the mode of transaction for numerous illegal trades.

Just like the money market in the real world, currency rates fluctuate in the digital coin ecosystem. Owing to the finite amount of coins, as demand for currency increases, coins inflate in value. Bitcoin is the largest and most successful cryptocurrency so far, with a market cap of $15.3 Billion, capturing 37.6% of the market and currently priced at $8,997.31. Bitcoin hit the currency market in December, 2017 by being traded at $19,783.21 per coin, before facing the sudden plunge in 2018. The fall is partly due to rise of alternative digital coins such as Ethereum, NPCcoin, Ripple, EOS, Litecoin and MintChip.

Due to hard-coded limits on their supply, cryptocurrencies are considered to follow the same principles of economics as gold - price is determined by the limited supply and the fluctuations of demand. With the constant fluctuations in the exchange rates, their sustainability still remains to be seen. Consequently, the investment in virtual currencies is more speculation at the moment than an everyday money market.

In the wake of industrial revolution, this digital currency is an indispensable part of technological disruption. From the point of a casual observer, this rise may look exciting, threatening and mysterious all at once. While some economist remain skeptical, others see it as a lightning revolution of monetary industry. Conservatively, the digital coins are going to displace roughly quarter of national currencies in the developed countries by 2030. This has already created a new asset class alongside the traditional global economy and a new set of investment vehicle will come from cryptofinance in the next years. Recently, Bitcoin may have taken a dip to give spotlight to other cryptocurrencies. But this does not signal any crash of the cryptocurrency itself. While some financial advisors emphasis over governments' role in cracking down the clandestine world to regulate the central governance mechanism, others insist on continuing the current free-flow. The more popular cryptocurrencies are, the more scrutiny and regulation they attract - a common paradox that bedevils the digital note and erodes the primary objective of its existence. Either way, the lack of intermediaries and oversight is making it remarkably attractive to the investors and causing daily commerce to change drastically. Even the International Monetary Fund (IMF) fears that cryptocurrencies will displace central banks and international banking in the near future. After 2030, regular commerce will be dominated by crypto supply chain which will offer less friction and more economic value between technologically adept buyers and sellers.

If cryptocurrency aspires to become an essential part of the existing financial system, it will have to satisfy very divergent financial, regulatory and societal criteria. It will need to be hacker-proof, consumer friendly, and heavily safeguarded to offer its fundamental benefit to the mainstream monetary system. It should preserve user anonymity without being a channel of money laundering, tax evasion and internet fraud. As these are must-haves for the digital system, it will take few more years to comprehend whether cryptocurrency will be able to compete with the real world currency in full swing. While it is likely to happen, cryptocurrency's success (or lack thereof) of tackling the challenges will determine the fortune of the monetary system in the days ahead.

Delving into the much-talked-about and hard-coded clandestine world of the next monetary system - cryptocurrency. While the digital coin offers immersive prospect and benefit to the potential investors and traders; it is yet to face numerous challenges and devise response mechanism for the future world.

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Uncategorized https://www.elastika.org/blog/cryptocurrency-the-fintech-disruptor/ https://www.elastika.org/blog/cryptocurrency-the-fintech-disruptor/ Editor Tue, 01 May 2018 02:29:23 -0400
Are You Planning to Set Up Your Own Cryptocurrency Exchange Platform?

If we look at the most impactful development in recent times the first thing that comes to our minds without a doubt is cryptocurrency. People have made huge profits by investing in cryptocurrencies like bitcoin and more at the right time. Many people have also managed to make a heyday by simply providing a cryptocurrency exchange platform to investors to trade cryptocurrencies.

Setting an exchange is pretty easy. but you need to know a few basic things before you start your own exchange.

Let us have a look at them -

Do you have a target audience in mind?

One of the most important things to consider before setting up any business platform is to figure out the target audience. Same is the case here.

When you are planning to set up a bitcoin exchange platform, the first thing you need to analyze and figure out is the audience that you are going to target.

For instance, in case of bitcoins, you can target both local as well as the global audience. So, you need to figure out which is your target audience and then plan with the development process. Why is this important? Well, you will get to know about it in the following sections.

Do you understand the legal terms?

The second thing you need to consider is the legal terms and conditions that you will need to follow.

There is a huge hullabaloo about the legal aspects related to cryptocurrency, but you might be amazed to know that there are 96 countries where bitcoin transactions are still unrestricted.

So, creating a cryptocurrency exchange platform while targeting these countries can prove to be the best idea.

Don't forget to always take a thorough look at the legal guidelines operational in the area from where you plan to carry out.

Do you have a partner bank?

Another thing to remember here is that you are going to need a partner bank. The simple reason behind this is that you are going to deal with financial transactions.

In order to ensure that the financial transactions are carried out in a smooth and hassle-free manner, you need to ensure that you have the right support in the form of a partner bank.

Therefore, you need to contact a few banking institutions to see if they can help you, and understand their terms and conditions.

Do you have the right partner to develop the platform?

The most important step in the process is to find the right professional who can help you develop a secure platform. Why we have specifically mentioned the term secure is because the immense popularity of cryptocurrency has made these exchanges the first target for hackers.

To make sure that your reputation does not get hit due to something unwanted you need to focus on creating a secure platform. You can easily achieve this by hiring a seasoned developer who knows all the ins and outs of the industry.

For instance, they can test the platform out by mimicking a malware attack and see how your cryptocurrency exchange platform stands against it.

Conclusion

This last point sums up the basic things that you need to keep in the back of your mind when planning to set up a cryptocurrency exchange platform for yourself. Once you have an answer to these questions, you can easily go ahead and get going with the development and make some profits.

But, do remember to take all the necessary legal, compliance and security measures if you want to be in this game for for a long time.

So, are you up for it?

Kyara Vedi, a Expert in cryptocurrency, is a trusted name offering you an access to indispensable knowledge regarding cryptocurrency exchange platform.For those interested in learning more about Bitcoin exchange platform development, a variety of online resources and Cryptocurrency exchange development services provide information regarding the basic.

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Uncategorized https://www.elastika.org/blog/are-you-planning-to-set-up-your-own-cryptocurrency-exchange-platform/ https://www.elastika.org/blog/are-you-planning-to-set-up-your-own-cryptocurrency-exchange-platform/ Editor Wed, 25 Apr 2018 02:37:07 -0400
Crypto Currencies Volatility, a Profitable Rollercoaster

This year we can observe that cryptocurrencies tend to move up and down even by 15% of value on a daily basis. Such changes of price are known as a volatility. But what if... this is totally normal and sudden changes are one of the characteristics of the cryptocurrencies allowing you to make a good profits?

First of all, the cryptocurrencies made it to the mainstream very recently, therefore all the news regarding them and rumors are "hot". After each statement of government officials about possibly regulating or banning the cryptocurrency market we observe huge price movements.

Secondly the nature of cryptocurrencies is more like a "store of value" (like gold had been in the past) - many investors consider these as backup investment option to stocks, physical assets like gold and fiat (traditional) currencies. The speed of transfer has as well an influence upon volatility of the cryptocurrency. With the fastest ones, the transfer takes even just couple of seconds (up to a minute), what makes them excellent asset for short term trading, if currently there is no good trend on other types of assets.

What everyone should bear in mind - that speed goes as well for the lifespan trends on crypto currencies. While on regular markets trends might last months or even years - here it takes place within even days or hours.

This leads us to the next point - although we are speaking about a market worth hundreds of billions of US dollars, it is still very small amount in comparison with daily trading volume comparing to traditional currency market or stocks. Therefore a single investor making 100 million transaction on stock market will not cause huge price change, but on scale of crypto currency market this is a significant and noticeable transaction.

As crypto currencies are digital assets, they are subject to technical and software updates of cryptocurrencies features or expanding blockchain collaboration, which make it more attractive to the potential investors (like activation of SegWit basically caused value of Bitcoin to be doubled).

These elements combined are the reasons why we are observing such huge price changes in price of cryptocurrencies within couple of hours, days, weeks etc.

But answering the question from the first paragraph - one of the classic rules of trading is to buy cheap, sell high - therefore having short but strong trends each day (instead of way weaker ones lasting weeks or months like on stocks) gives much more chances to make a decent profit if used properly.

https://xprocrypto.com/ - buy and sell cryptocurrencies with the lowest fee on the market now!

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Uncategorized https://www.elastika.org/blog/crypto-currencies-volatility-a-profitable-rollercoaster/ https://www.elastika.org/blog/crypto-currencies-volatility-a-profitable-rollercoaster/ Editor Thu, 19 Apr 2018 02:49:07 -0400
How To Make Your Own Cryptocurrency In 4 Easy Steps

Okay, so cryptocurrency this, bitcoin that!

Enough, there has been so much hullabaloo about the boom created by the virtual currencies that the internet has been overloaded with information on how you could earn more money by investing in these currencies. But did you ever think how cool it would be if you could create your own cryptocurrency?

Never thought about it, right? It's time to think because in this post we are going to provide you a four-step guide on creating your own cryptocurrency. Read through the post, and then see whether you can do it for yourself or not!

Step 1 - Community 
No, you don't have to build a community like you do when you plan to rule social media. The game is a little different here. You need to find a community of people that you think would buy your currency.

Once you identify a community, it becomes easier for you to cater to their needs and therefore you can work towards building a stable cryptocurrency rather than going haywire with what you want to achieve.

Remember, you are not here to be a part of the spectator sport - you are in it to win it. And, having a community of people who would want to invest in your currency is the best way to do it!

Step 2 - Code 
The second important step is to code. You don't necessarily have to be a master coder to create your own cryptocurrency. There are plenty of open source codes available out there which you can use.

You can even go ahead and hire professionals who can do the job for you. But when coding, do remember one thing - blatant copying is not going to lead you anywhere.

You need to bring some uniqueness in your currency to distinguish it from the ones that already exist. It has to be innovative enough to create ripples in the market. This is the reason just copying the code is not enough to be on top of the cryptocurrency game.

Step 3 - Miners 
The third, and the most important step in the process is to get some miners on board who will actually mine your cryptocurrency.

What this means is that you need to have a certain set of people associated with you who can actually spread the word about your currency in the market. You need to have people who can raise awareness about your currency.

This will give you a head start. And, as they say - well begun is half done; miners can eventually lay the foundation of a successfully voyage for your cryptocurrency in the ever growing competition.

Step 4 - Marketing 
Last thing you need to do as part of the job here is to connect with merchants who will eventually trade the virtual coins that you have built.

In simpler words, you need to market these coins in the battleground where real people would actually be interested to invest in them. And, this by no means is an easy feat.

You need to win their confidence by letting them know that you have something worthy to offer.

How can you begin with it? The best way to market your coins initially is to identify the target audience who knows what cryptocurrency is.

After all, there is no point in trying to market your stuff to people who don't even know what cryptocurrency is.

Conclusion

So, you can see that building a successful cryptocurrency is more about having the awareness about market trends, and less about being a hardcore techie or an avant-garde coder.

If you have that awareness in you, then it is time to make a heyday while the sun shines in the cryptocurrency niche. Go ahead and plan building your own cryptocurrency by following these simple steps and see how it turns out for you!

If you are looking for cryptocurrency wallet development services to create your own wallet, visit https://antiersolutions.com/cryptocurrency-exchange-development-company.html

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Uncategorized https://www.elastika.org/blog/how-to-make-your-own-cryptocurrency-in-4-easy-steps/ https://www.elastika.org/blog/how-to-make-your-own-cryptocurrency-in-4-easy-steps/ Editor Thu, 12 Apr 2018 02:30:50 -0400
Easy Ways Of Turning Bitcoin Trading Volatility In Your Favor

It would be true to say that Bitcoin has enjoyed a real explosion as far as popularity goes when we are talking about cryptocurrency. This very popular cryptocurrency has hit among investors, traders and consumers and everyone is working to make a kill trading in Bitcoin. It has so much to offer as far as lower fees, transaction speed and increasing value which could be the reason why most people choose it for their trading. This is, however a turbulent market and to make it big you need to be a very smart trader when selling and buying it. With dedication and discipline, you can turn Bitcoin volatility in your favor. Here are simple but effective ways you can do just that.

Keep up with the latest Bitcoin news

News items may not all have an impact this currency, but the truth is that there are some items that could greatly influence its price. By gaining access to Bitcoin related news and live news feed for typical news, you could end up catching something on time so you make decisions that will bring you good luck with your trading. It helps to always be up to date with Bitcoin news and other unexpected news that could have an impact on its performance.

Use stop losses to your advantage

Whether you are just starting with your trading or you have been at it for a while, you need to be prepared for times when losses are inevitable. Nobody trades expecting to make a loss but the chances are always there hence the need to implement a reliable stop loss plan. The valuations fluctuate regularly and you need to be prepared for bad days. The market offers tools that you can automatically set to stop losses before they have severe impacts on your profits. Whether engaging in Bitcoin futures markets, CFD or cash, ensure that you use stop loss to keep open positions protected.

Understand technical analysis inside out

This is very important before joining the trade. Considering that there is no governing body or bank to influence valuation of Bitcoin, you need to be your own judge in more ways than one. If you do not understand market fundamentals and you do not even know how to analyze price charts or read price actions and applying indicators you are doomed to make the wrong moves. Remember the price models are speculative largely making it important for you to know all technicalities that truly matter.

Be prudent with your leverage

Leverage has the ability to boost your gains or magnify your losses too. If you are too much with your leverage then you will tend to be a little reckless with managing your money and this blows out the trading account at the end. On the other hand being too careful with your leverage can hinder performance considering premium trades may not perform to full capabilities as expected. When it comes to Bitcoin trading, you need to do a balancing act to enjoy good returns.

You can easily get the latest Bitcoin News to help you make all the right trading decisions in a timely manner. You cannot afford to miss out on the latest if at all you want to be a successful trader.

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Uncategorized https://www.elastika.org/blog/easy-ways-of-turning-bitcoin-trading-volatility-in-your-favor/ https://www.elastika.org/blog/easy-ways-of-turning-bitcoin-trading-volatility-in-your-favor/ Editor Wed, 04 Apr 2018 02:58:50 -0400
ICO Token Valuation and the Misplaced Emphasis on Blockchain Technical Experts And ICO Advisors

The statistics could no longer be ignored. Most ICOs tank, and stay tanked, once the tokens get to the crypto exchanges, after the frenzy and 'FOMO' attending the crowdsale is over.

Most watchers keeping track of the ICO phenomenon universally agree that the trend in the last few months has been for ICOs to lose value post-crowdsale, with many buyers waiting in vain for the 'moon' they were promised, once the cryptocurrency hits an exchange portal.

What is however not being discussed is the principal reason why we are witnessing this phenomenon, and what participants in a crowdsale, including the rating companies most of us rely on to make a choice, must be doing wrong in picking which ICO have most value, or has the best probability of rising in value once the crowdsale is over.

While there are a lot of reasons one could legitimately proffer for the phenomenon, there is one fact that I think is probably more responsible for this than most other contending reasons: ICO token valuation and the misplaced emphasis on 'blockchain experts', 'ICO advisors' or 'technical whizkids' for erc20 tokens.

I have always thought the need for blockchain technical experts or ICO technical advisors is exaggerated, or even outrightly misplaced, when a project is judged by that criteria, unless the project is actually trying to create a brand new coin concept. For most ERC20 Tokens and copycat coins, the real important consideration should be the Business Plan behind the token and the managerial antecedents and executive profiles of the Team leaders.

As anyone involved in the industry should know, creating an ERC20 token from Ethereum, or similar tokens from other cryptocurrencies, does not take any great technical skill or require any overrated blockchain advisor (as a matter of fact, with new software out there, an ERC20 Token can be done in less than 10minutes by a complete technical newbie.

So technical should no longer even be a big deal for tokens anymore). The key should be the business plan; level of business experience; competence of the project leaders and the business marketing strategy of the main company raising the funds.

Frankly, as an Attorney and Business Consultant of over 30 years myself to several companies globally, I cannot I cannot understand why people keeping looking for some Russian or Korean or Chinese 'Crypto Whiz' or 'Crypto Advisor' to determine the strength of an ICO for what is basically a crowdfunding campaign for a BUSINESS CONCEPT...

I am of the strong opinion that is one of the major reasons why most ICOs never live up to their prelaunch hype. In an era where there is an abundance of token creation software, platforms and freelancer, the disproportionate focus on the blockchain experience or technical ability of the promoters is mostly misplaced. It's like trying to value the probable success of a company based on the ability of its staff to create a good website or app. That train left the station long ago with the proliferation of technical hands on freelancing sites like Guru; Upwork, freelancer and even Fiverr.

People seemed too caught up in the hype and the technical qualifications of people promoting an ICO, particularly ERC20 Ethereum based tokens and then wonder why a technically superior Russian, Chinese or Korean guy cannot deliver the business end of the company after the fundraising campaign.

Even a lot of our ICO Rating companies seemed to allocate a disproportionate number of points to crypto experience of team member, how many crypto advisors they have, and the ICO success experience they have on their team, rather than focusing on the underlying business model to be created with the funds raised

Once one understands that over 90% of the cryptos and ICOs out there are simply tokens created to raise crowdfunds for an idea, and just not a token for token's sake, then peoples emphasis will shift from technical angles, to the more relevant work of evaluating the business idea itself, and corporate business plan.

Once we move into this era of evaluation before deciding whether to buy or invest in a cryptocurrency, then we will start valuing future prospects or value of our tokens based on sound business considerations such as:

- Swot Analysis of the company and its promoters

- Managerial competence and experience of the team leaders

- The soundness of business idea beyond the creation of a token

- The marketing plan and strategy of the company to sell those ideas

- The ability to deliver the underlying products to the marketplace

- The customer base for the products and services to be created by the company

- and basis for projecting adoption in the market place

What most people failed to realize is that the potential for their tokens to rise in value post ICO is not so much dependent on anything technical but on the good things happening in the company raising the funds and the perceived increase in the valuation of the company as it rolls out its business plan and delivers on its business products.

Of course, buying cryptocurrency is not buying stock, and it's not buying the security in any company. We get that, but tokens react much the same way as stocks react to good news or bad news about a company. The only difference is that in the case of cryptos, the effect is magnified a 100 fold.

So, when a company meets some financial or business milestone, the price of its token on the exchange will go up... and it goes down fast when nothing good is happening. So, what the company will do and how it will do it after the ICO should of the utmost importance to anyone who does not want to see the value of his Tokens plummet and stay down forever.

Sure, tokens most tokens would plummet once the tokens hit a crypto exchange after the ICO, because of those who want to take immediate profits, but whether it would ever come back up to give you the expected multiple digit profits will always depend on the criteria I already outlined above. After you have purchased a token, the value of the 'crypto advisor's and 'technical whizkids' go to zero in relation to the potential of your tokens to moon.

Following this reality, I think a smart crypto buyer or investor should focus less on how many crypto advisors a project has or how technically sound the team is (unless the underlining business of the company is technical in nature) and focus more on the managerial, marketing and potential customer base of the company raising funds through an ICO.

In other words, allocate more points on the business and management side of the ICO rather than the technical jargons which won't help your token in the marketplace when the money has been raised!

Dr Ope Banwo is an Attorney, Business Consultant and Cryptocurency Enthusiast. He is the Founder of Nollytainment Inc, promoters of the Nollycoin Cryptocurrency. He has written and created several products on Cryptoccurency, BItcoins and ICOS. He is the creator of Cryptomatic360, a crypto-trading software and Co-Author of Crypto Millionaires Manifesto. You can follow him on his blog, http://www.Cryptowatch360.com or find out about his Nollycoin project at http://ico.nollycoin.com/

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Uncategorized https://www.elastika.org/blog/ico-token-valuation-and-the-misplaced-emphasis-on-blockchain-technical-experts-and-ico-advisors/ https://www.elastika.org/blog/ico-token-valuation-and-the-misplaced-emphasis-on-blockchain-technical-experts-and-ico-advisors/ Editor Sun, 25 Mar 2018 02:50:05 -0400
Fear Not, China Is Not Banning Cryptocurrency

In 2008 following the financial crisis, a paper titled "Bitcoin: A Peer-to-Peer Electronic Cash System" was published, detailing the concepts of a payment system. Bitcoin was born. Bitcoin gained the attention of the world for its use of blockchain technology and as an alternative to fiat currencies and commodities. Dubbed the next best technology after the internet, blockchain offered solutions to issues we have failed to address, or ignored over the past few decades. I will not delve into the technical aspect of it but here are some articles and videos that I recommend:

How Bitcoin Works Under the Hood

A gentle introduction to blockchain technology

Ever wonder how Bitcoin (and other cryptocurrencies) actually work?

Fast forward to today, 5th February to be exact, authorities in China have just unveiled a new set of regulations to ban cryptocurrency. The Chinese government have already done so last year, but many have circumvented through foreign exchanges. It has now enlisted the almighty 'Great Firewall of China' to block access to foreign exchanges in a bid to stop its citizens from carrying out any cryptocurrency transactions. Many people have to use VPNs in China to bypass internet blocking.

To know more about the Chinese government stance, let's backtrack a couple years back to 2013 when Bitcoin was gaining popularity among the Chinese citizens and prices were soaring. Concerned with the price volatility and speculations, the People's Bank of China and five other government ministries published an official notice on December 2013 titled "Notice on Preventing Financial Risk of Bitcoin" (Link is in Mandarin). Several points were highlighted:

1. Due to various factors such as limited supply, anonymity and lack of a centralized issuer, Bitcoin is not a official currency but a virtual commodity that cannot be used in the open market.

2. All banks and financial organizations are not allowed to offer Bitcoin-related financial services or engage in trading activity related to Bitcoin.

3. All companies and websites that offer Bitcoin-related services are to register with the necessary government ministries.

4. Due to the anonymity and cross-border features of Bitcoin, organizations providing Bitcoin-related services ought to implement preventive measures such as KYC to prevent money laundering. Any suspicious activity including fraud, gambling and money laundering should to be reported to the authorities.

5. Organizations providing Bitcoin-related services ought to educate the public about Bitcoin and the technology behind it and not mislead the public with misinformation.

In layman's term, Bitcoin is categorized as a virtual commodity (e.g in-game credits,) that can be bought or sold in its original form and not to be exchanged with fiat currency. It cannot be defined as money- something that serves as a medium of exchange, a unit of accounting, and a store of value.

Despite the notice being dated in 2013, it is still relevant with regards to the Chinese government stance on Bitcoin and as mentioned, there is no indication of the banning Bitcoin and cryptocurrency. Rather, regulation and education about Bitcoin and blockchain will play a role in the Chinese crypto-market.

A similar notice was issued on Jan 2017, again emphasizing that Bitcoin is a virtual commodity and not a currency. In September 2017, the boom of initial coin offerings (ICOs) led to the publishing of a separate notice titled "Notice on Preventing Financial Risk of Issued Tokens". Soon after, ICOs were banned and Chinese exchanges were investigated and eventually closed. (Hindsight is 20/20, they have made the right decision to ban ICOs and stop senseless gambling). Another blow was dealt to China's cryptocurrency community in January 2018 when mining operations faced serious crackdowns, citing excessive electricity consumption.

While there is no official explanation on the crackdown of cryptocurrencies, capital controls, illegal activities and protection of its citizens from financial risk are some of the main reasons cited by experts. Indeed, Chinese regulators have implemented stricter controls such as overseas withdrawal cap and regulating foreign direct investment to limit capital outflow and ensure domestic investments. The anonymity and ease of cross-border transactions have also made cryptocurrency a favorite means for money laundering and fraudulent activities.

Since 2011, China has played a crucial role in the meteoric rise and fall of Bitcoin. At its peak, China accounted for over 95% of the global Bitcoin trading volume and three quarters of the mining operations. With regulators stepping in to control trading and mining operations, China's dominance has shrunk significantly in exchange for stability.

With countries like Korea and India following suit in the crackdown, a shadow is now casted over the future of cryptocurrency. (I shall reiterate my point here: countries are regulating cryptocurrency, not banning it). Without a doubt, we will see more nations join in in the coming months to rein in the tumultuous crypto-market. Indeed, some kind of order was long overdue. Over the past year, cryptocurrencies are experiencing price volatility unheard of and ICOs are happening literally every other day. In 2017, the total market capitalization rose from 18 billion USD in January to an all-time high of 828 billion USD.

Nonetheless, the Chinese community are in surprisingly good spirits despite crackdowns. Online and offline communities are flourishing (I personally have attended quite a few events and visited some of the firms) and blockchain startups are sprouting all over China.

Major blockchain firms such as NEO, QTUM and VeChain are getting huge attention in the country. Startups like Nebulas, High Performance Blockchain (HPB) and Bibox are also gaining a fair amount of traction. Even giants such as Alibaba and Tencent are also exploring the capabilities of blockchain to enhance their platform. The list goes on and on but you get me; it's going to be HUGGEE!

The Chinese government have also been embracing blockchain technology and have stepped up efforts in recent years to support the creation of a blockchain ecosystem.

In China's 13th Five-Year Plan (2016-2020), it called for the development of promising technologies including blockchain and artificial intelligence. It also plans to strengthen research on the application of fintech in regulation, cloud computing and big data. Even the People's Bank of China is also testing a prototype blockchain-based digital currency; however, with it likely to be a centralized digital currency slapped with some encryption technology, its adoption by the Chinese citizens remains to be seen.

The launch of the Trusted Blockchain Open Lab as well as the China Blockchain Technology and Industry Development Forum by the Ministry of Industry and Information Technology are some of the other initiatives by the Chinese government to support the development of blockchain in China.

A recent report titled " China Blockchain Development Report 2018" (English version in the link) by China Blockchain Research Center detailed the development of the blockchain industry in China in 2017 including the various measures taken to regulate cryptocurrency in the mainland. In a separate section, the report highlighted the optimistic outlook of the blockchain industry and the massive attention it has received from VCs and the Chinese government in 2017.

In summary, the Chinese government have shown a positive attitude towards blockchain technology despite its enforcement on cryptocurrency and mining operations. China wants to control cryptocurrency, and China will get control. The repeated enforcements by the regulators were meant to protect its citizens from the financial risk of cryptocurrencies and limit capital outflow. As of now, it is legal for Chinese citizens to hold cryptocurrencies but they are not allowed to carry out any form of transaction; hence the ban of exchanges. As the market stabilizes in the coming months (or years), we will see undoubtedly see a revival of the Chinese crypto-market. Blockchain and cryptocurrency come hand-in-hand (with the exception of private chain where a token is unnecessary). Countries thus cannot ban cryptocurrency without banning blockchain the awesome technology!

One thing we can all agree on is that blockchain is still at its infancy. Many exciting developments awaits us and right now is definitely the best time to lay the foundation for a blockchain-enabled world.

Last but not least, HODL!

I'm currently a student studying in Shanghai. As a tech enthusiast, I am excited about the tech scene in China. Email me at chewweichun94@gmail.com for working opportunities!

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Uncategorized https://www.elastika.org/blog/fear-not-china-is-not-banning-cryptocurrency/ https://www.elastika.org/blog/fear-not-china-is-not-banning-cryptocurrency/ Editor Wed, 14 Mar 2018 02:32:05 -0400
Here Are the Reasons for Why You Should Trade in Cryptocurrency

The modern concept of cryptocurrency is becoming very popular among traders. A revolutionary concept introduced to the world by Satoshi Nakamoto as a side product became a hit. Decoding Cryptocurrency we understand crypto is something hidden and currency is a medium of exchange. It is a form of currency used in the block chain created and stored. This is done through encryption techniques in order to control the creation and verification of the currency transacted. Bit coin was the first cryptocurrency which came into existence.

Cryptocurrency is just a part of the process of a virtual database running in the virtual world. The identity of the real person here cannot be determined. Also, there is no centralized authority which governs the trading of cryptocurrency. This currency is equivalent to hard gold preserved by people and the value of which is supposed to be getting increased by leaps and bounds. The electronic system set by Satoshi is a decentralized one where only the miners have the right to make changes by confirming the transactions initiated. They are the only human touch providers in the system.

Forgery of the cryptocurrency is not possible as the whole system is based on hard core math and cryptographic puzzles. Only those people who are capable of solving these puzzles can make changes to the database which is next to impossible. The transaction once confirmed becomes part of the database or the block chain which cannot be reversed then.

Cryptocurrency is nothing but digital money which is created with the help of coding technique. It is based on peer-to-peer control system. Let us now understand how one can be benefitted by trading in this market.

Cannot be reversed or forged: Though many people can rebut this that the transactions done are irreversible, but the best thing about cryptocurrencies is that once the transaction is confirmed. A new block gets added to the block chain and then the transaction cannot be forged. You become the owner of that block.

Online transactions: This not only makes it suitable for anyone sitting in any part of the world to transact, but it also eases the speed with which transaction gets processed. As compared to real time where you need third parties to come into the picture to buy house or gold or take a loan, You only need a computer and a prospective buyer or seller in case of cryptocurrency. This concept is easy, speedy and filled with the prospects of ROI.

The fee is low per transaction: There is low or no fee taken by the miners during the transactions as this is taken care of by the network.

Accessibility: The concept is so practical that all those people who have access to smartphones and laptops can access the cryptocurrency market and trade in it anytime anywhere. This accessibility makes it even more lucrative. As the ROI is commendable, many countries like Kenya has introduced the M-Pesa system allowing bit coin device which now allows 1 in every three Kenyans to have a bit coin wallet with them.

Cryptocurrency has undoubtedly been a revolutionary concept which sees a booming growth in years to come. At the same time, the concept is a little bit ambiguous and new to most of the people. In order to understand how this whole thing works, we bring to you cryptocurrency news. This will update you further on every type of cryptocurrencies prevailing in the market including the Bitcoin news. Go ahead and enlighten yourself a bit more as to what this whole concept is and how it can benefit you.

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Uncategorized https://www.elastika.org/blog/here-are-the-reasons-for-why-you-should-trade-in-cryptocurrency/ https://www.elastika.org/blog/here-are-the-reasons-for-why-you-should-trade-in-cryptocurrency/ Editor Sat, 10 Mar 2018 02:35:11 -0500
What To Look For When Choosing A Bitcoin Trading Bot

Cryptocurrency market has become very popular and every trader is looking to make it big with bitcoin trading. It is however a very volatile market that can be hard to keep up with, especially considering that this is a market that never sleeps unlike the stock market. To make things easier for traders, trading bots have been developed. A trading bot can be defined as software program which is designed to interact with financial exchanges directly so relevant information is obtained and interpreted so orders can be bought and sold on the traders' behalf.

In essence, the bots make decision through market price movement monitoring and use of pre-programed rules so that losses can be stopped. The bot analyzes market actions like price, volume and orders according to your preferences and tastes as a trader and makes the decision. If you are into bitcoin trading, then you may want to choose the best bitcoin trading bot to ease out the process for you. But with so many bots now available, how do you know which one is best?

Customization and ease of use

The interface of a good trading bot should be easy to use by any kind of trader including those who know nothing about coding. All information necessary should be easy to find and the gains clearly shown together with all aspects of the trading that matter including buy orders and current sell. All you should be required to do is enter your pairs and numbers and then start your trading with a click of a button. Apart from being straightforward even for first time users, a customizable trading bot is even better. With this function, you will be in a position to change how the skin looks so you can have a program that you are happy to use every time.

Operating system compatibility

Not all bots are designed the same and not all traders will use the same operating systems. For this reason, you want to get a platform that functions on all the operating systems. With this kind of bot on your side, you can access your trades from Linux, Mac or Windows depending on the device you are using. With your orders and settings on a USB, you will only need to plug into any computer to continue trading with the operating system notwithstanding. A standalone bot that requires no installation and is compatible with all systems will prove very convenient in the end.

Support for pairs, coins and exchange

Apart from bitcoin, you could be a trader interested in other pairs, exchanges and coins. It can therefore be more helpful to find a trader bot that can accommodate different coins offered by major exchanges. A full stacked crypto bot will work great for a spontaneous kind of trader.

Other bot features that could prove to be helpful are notifications and reporting, real time and historical back testing among others. Find out what the trader bot can do and select accordingly.

bitcoin trading bot can take the guesswork out of the trading. There are so many bots readily available and your work should be to choose the best bitcoin trading bot to enjoy a pleasant trading experience.

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Uncategorized https://www.elastika.org/blog/what-to-look-for-when-choosing-a-bitcoin-trading-bot/ https://www.elastika.org/blog/what-to-look-for-when-choosing-a-bitcoin-trading-bot/ Editor Wed, 07 Mar 2018 03:03:32 -0500
3D Blockchain Application Platforms

3D blockchain application platforms are now available. These are projects that are developed by using a cryptocurrency. The program is regulated by the use of different kinds of cryptocurrencies. When you have a small business, it is possible to make very interesting presentations so as to manage projects in a more impressive and efficient manner only by using such programs. This means that you can be in a position to manage different business services or even a store better.

Why use 3D blockchain

The main reason as to why this kind of programs is created is to make it easier for persons who do not bear any computer science knowledge. This then allows them not to have to using compiling code that can be very laboring and hard. When you have an open secure 3D blockchain application platform, you can achieve so much more even with minimal knowledge.

Most of the projects aim at offering community assistance. The projects are aimed to aid different people who don't have adequate financial resources. These are businesses that struggle a lot so as to be able to compete with the main players in the field. The big companies are willing to send as much as they can in things such as advertisements and so on. This means that they can reach a larger audience. For small businesses, they have limited resources and this means that they struggle to achieve any kind of growth that they may desire. Sustaining a field becomes difficult for smaller businesses. This is what the 3D platforms were created.

How they work

The 3D blockchain applications allow the users to interact. They can communicate in a direct manner. The users can be able to share different ideas, they can shop, order take outs and play games without having to take off the virtual reality headsets off. This is because all then applications and games within the 3D platform are all compatible.

The platform offers a space where the creation of decentralized applications is made possible. This is in relation to shop management and services and they are unlimited. Every user has the freedom to choose a project that interests him. The 3D world allows them to be able to communicate in an easy and a direct manner so as to share all the ideas that you may have without any kinds of hassles. It is possible to shop, play games and place different orders.

Benefits to business

The 3D blockchain aids business owners who aren't tech savvy and those that don't know too much regarding computer science or even information technology. This makes it very efficient to have the 3D platform that helps them reach a large population of their customers.

The main benefit to the business is the fact that they don't need to take too much time as they write projects. There are very few steps that can be followed so as to choose the right template for projects. You can publish and manage your business in no time at all.

These platforms have some advanced features including privacy, encrypted messenger, social networking and transaction blocks.

Districts is a 3D blockchain application platform that offers great features. Districts is a community platform and this means that the changes that are made within are predetermined by the Voice Power of the community. The 3D features facilitate easy communication and sharing of ideas.

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Uncategorized https://www.elastika.org/blog/3d-blockchain-application-platforms/ https://www.elastika.org/blog/3d-blockchain-application-platforms/ Editor Wed, 21 Feb 2018 02:59:34 -0500
4 Ways Blockchain Will Disrupt Business As We Know It Blockchain technology and cryptocurrencies like Bitcoin generated a lot of news this past year. It seems like every week there's another headline touting an upcoming revolution or downplaying this new technology as a fad with few long term prospects. If you are unfamiliar with blockchain tech, or are still building a point of view, let me make the case for revolution.

Recipe for Disruption

Let's start with why we trust doing business with a company. We trust our largest retailers to fulfill our purchases to deliver goods and services. We trust our banks will ensure our account balance is correct and transfers are verified and free of fraud. The systems these companies have in place build our trust. For example, regulations, anti-fraud systems and services that verify transactions all play a role in ensuring business is conducted above board. Credit card companies are a specific example of a 3rd party that charges a fee on each purchase to verify and settle consumer credit. Overall, each of these parties act as middlemen and provide their services for a fee on each transaction.

The number of transactions in our global economy is mindblowing. World wide retail sales are more than $20 trillion USD each year, and gross world product (GWP) is over $100 trillion. So enormous numbers of deals and transactions use middlemen and their verification services to run trusted businesses. As the cost of doing business, we accept that these intermediaries extract fees on many trillions of transactions to curb fraud and maintain consumer faith. Those costs creep into the economy, driving up living expenses and the prices for goods and services.

But what would happen if there were cheaper or faster ways to verify deals in our economy? If substitutes existed, the savings would be in the trillions of dollars. For example, online payment gateways earn many billions by adding more than 2.9% on each transaction. There's also the cost of lost time. Middlemen all add days and weeks of delays in real estate, loan approvals or license renewals. Cutting the costs placed on every deal and order in the economy would return incredible profits to businesses and disrupt the way we engage in commerce. Injecting savings in the trillions would kick start growth in the global economy larger than what any one government or company could do on their own.

In comes the blockchain

Blockchain technology is basically a decentralized system for recording trustworthy transactions with no middlemen. Using the power of cryptography, each transaction is irrefutably linked to each other and shared throughout a network of computers. Computers on the network automatically verify the terms of transactions, acting as instant accountants "verifying the books" without any fees. So automatic verification of transactions is the basic feature of blockchain technology.

This is how cryptocurrencies like Bitcoin work too. There are a finite number of coins earned through solving computational puzzles or purchasing them from someone else. Someone with the solution to a puzzle can prove their ownership of a coin because their proof is recorded in the underlying blockchain network. Participants in the network cryptographically verify the identity and the integrity of each other's proofs to guarantee who owns which coins.

The impact of the blockchain concept is clear. Using blockchain technology, businesses could save trillions and deliver services faster. Specifically, they could:

  1. Eliminate the costs of proving transactions are legitimate from 3rd party services, saving trillions per year.
  2. Enable faster service by instantly verifying the terms of transactions, removing middlemen services like banks, governments and marketplaces.
  3. Deliver more securely, using the security built into the blockchain without further investment.
  4. Automate more complicated businesses, like insurance services, using programmed "Smart Contracts".

Adoption of blockchain technology could add trillions of dollars in savings to the global economy. In these early days, some platforms resemble replacements for middleman services, while others are truly decentralized. In any case, with moderate adoption, it will heavily disrupt the way global businesses settle deals each day by giving them a path to remove bloated costs and overhead.

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Uncategorized https://www.elastika.org/blog/4-ways-blockchain-will-disrupt-business-as-we-know-it/ https://www.elastika.org/blog/4-ways-blockchain-will-disrupt-business-as-we-know-it/ Editor Tue, 13 Feb 2018 02:53:41 -0500
Planning To Trade Monero Cryptocurrency? Here Are The Basics To Get You Started

One of the core precepts of the blockchain technology is to provide users with unwavering privacy. Bitcoin as the first ever decentralized cryptocurrency relied on this premise to market itself to the wider audience that was then in need of a virtual currency that is free from government meddling.

Unfortunately, along the way, Bitcoin proved to be rife with several weaknesses including non-scalability and mutable blockchain. All the transactions and addresses are written on the blockchain thus making it easier for anyone to connect the dots and unveil users' private details based on their existing records. Some government and non-government agencies are already using blockchain analytics to read data on Bitcoin platform.

Such flaws have led to developers looking into alternative blockchain technologies with improved security and speed. One of these projects is Monero, usually represented by XMR ticker.

What is Monero?

Monero is a privacy-oriented cryptocurrency project whose main aim is to provide better privacy than other blockchain ecosystems. This technology shield's users' information through stealth addresses and Ring signatures.

Stealth address refers to the creation of a single address for a solo transaction. No two addresses can be pinned to a single transaction. The coins received go into a totally different address making the entire process unclear to an external observer.

Ring signature, on the other hand, refers to mixing of account keys with public keys thus creating a "ring" of multiple signatories. This means a monitoring agent cannot link a signature to a particular account. Unlike cryptography (mathematical method of securing crypto projects), ring signature is not a new kid on the block. Its principles were explored and recorded in a 2001 paper by The Weizmann Institute and MIT.

Cryptography has certainly won the hearts of many developers and blockchain aficionados, but the truth is, it's still a nascent tool with a handful uses. Since Monero uses the already tested Ring signature technology, it has set itself apart as a legitimate project worth adopting.

Things to know before you start trading Monero

Monero's Market

Monero's market is similar to that of other cryptocurrencies. If you wish to purchase it then Kraken, Poloniex, and Bitfinex are a few of the exchanges to visit. Poloniex was the first to adopt it followed by Bitfinex and lastly Kraken.

This virtual currency mostly appears pegged to the dollar or against fellow cryptos. Some of the available pairings include XMR/USD, XMR/BTC, XMR/EUR, XMR/XBT and many more. This currency's trading volume and liquidity record very good stats.

One of the good things about XMR is that anyone can take part in mining it either as an individual or by joining a mining pool. Any computer with significantly good processing power can mine Monero blocks with a few hiccups. Don't bother going for the ASICS (application-specific integrated circuits) which are currently mandatory for Bitcoin mining.

Price volatility

Despite being a formidable cryptocurrency network, it's not so special when it comes to volatility. Virtually all altcoins are extremely volatile. This should not worry any avid trader as this factor is what makes them profitable in the first place-you buy when prices are in the dip and sell when they are on an upward trend.

In January 2015, XMR was going for $0.25 then did some jogging to $60 in May 2017 and it's presently bowling above the $300 mark. Monero coin recorded its ATH (all-time high) of $475 on January seventh before it started slumping alongside other cryptocurrencies to $300. At the time of this writing, virtually all decentralized currencies are in price correction phase with Bitcoin teeter-tottering between $10-11k from its glorious ATH of $19,000.

Fungibility and adoption

Thanks to its ability to offer reliable privacy, XMR has been adopted by many people making its coins to be easily substituted for other currencies. In simple terms, Monero can be easily traded for something else.

All Bitcoins in Bitcoin Blockchain are recorded down, and therefore, when an incident like theft transpires, every coin involved will be shunned from operating making them nonexchangeable. With monero, you cannot distinguish one coin from the other. Therefore, no seller can reject any of them because it's been associated with a bad incident.

Monero blockchain is currently one of the most trending cryptocurrencies with a significant number of followers. Like most other blockchain projects, its future looks great albeit the looming government crackdown. As an investor, you need to do your due diligence and research before trading in any Cryptocurrency. Where possible, seek help from financial experts in order to tread on the right path.

Rodgers is a budding Forex and cryptocurrency writer with a writing experience spanning over three years. His mission is to writer practical and information-packed content that adds value to the lives of his readers.

Besides finance-related stuff, Rodgers too loves curating content on other niches such product reviews, self-help, technology, Minimalism, home improvement, and music.

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Uncategorized https://www.elastika.org/blog/planning-to-trade-monero-cryptocurrency-here-are-the-basics-to-get-you-started/ https://www.elastika.org/blog/planning-to-trade-monero-cryptocurrency-here-are-the-basics-to-get-you-started/ Editor Mon, 29 Jan 2018 02:42:13 -0500