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Getting started with cryptocurrencies

Investing in the cryptocurrency market is often complex, especially for traditional investors. This is because direct investment in cryptocurrencies requires the use of new technologies, tools and the adoption of some new concepts.

If you decide to dip your fingers into the world of cryptocurrencies, you will need to have a clear picture of what to do and what to expect.

Whether it is Bitcoin, Litecoin, Ethereum or any of the 1300 tokens, buying and selling cryptocurrencies requires you to choose a stock exchange that deals with the products you want.

Being the best known decentralized cryptocurrency, Bitcoin leads in the crypto space so dominantly that the terms crypto and bitcoin are sometimes used interchangeably. However, the fact is that there are other cryptocurrencies that can be relied on for crypto-investments.
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Litecoin

Litecoin, also called ‘silver for Bitcoin’s gold’ is a decentralized open source payment network that operates without the involvement of intermediaries.

How is Litecoin different from Bitcoin? Well, both are similar in many ways, but generating blocks of Litecoin is much faster than Bitcoin. This makes investors around the world open to accepting Litecoin.

Charlie Lee, a former Google engineer, founded Litecoin in 2011. Although Litecoin does not have Bitcoin anonymity technology, recent reports have shown that Litecoin is more desirable after bitcoin because of its consistency. Another factor that favors Litecoin is Bitcoin SegWit technology which means secure equitable currency trading without involving exchange participation.

Ethereum

Launched in 2015, Ethereum is a decentralized software platform that allows distributed applications and smart contracts to operate without third-party interference. Currency is the ether that acts as an accelerator within the ethereum platform. In the leading space of cryptocurrency, Ethereum. is the second most desirable choice after Bitcoin.
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Zcash

Zcash attracted attention in the second half of 2016 and focuses on solving the problem of anonymous transactions. To understand the currency, let’s take it as “if bitcoin is like HTTP for money, Zcash is HTTPS”.

Currency offers the choice of a protected transaction to maintain the transparency, privacy and security of transactions. This means that investors can transfer data in the form of encrypted code.

Dash

Originally known as darkcoin, Dash is a more selective version of bitcoin. It was launched in January 2014 by Evan Duffield under the name Xcoin. It is also known as a decentralized autonomous organization or simply DAO. The coin was supposed to eradicate all the prevailing restrictions of Bitcoin. Currently, Bitcoin has earned a significant position in the cryptocurrency space.

An alternative to a virtual currency that promises secure and anonymous transactions via a peer-to-peer network is cryptocurrency. The key to making a lot of money is to make the right investment at the right time. Compared to everyday money making, cryptocurrency models function without the involvement of intermediaries as a decentralized digital mechanism. In this mechanism of distributed cryptocurrency, continuous activity is issued, managed and approved by a network of colleagues in the community. Cryptocurrency is known for its fast transactions through any other means such as digital wallets and other media.

In addition to the above, other top cryptocurrencies include Monero (XMR), Bitcoin Cash (BCH). EOS and Ripple (XRP).

Although bitcoin is a driver of trends and a leader in the race, other currencies have also taken their significant position and are increasingly preferred by them. Given the trend, other cryptocurrencies will have a long way to go and Bitcoin could soon find it difficult to maintain its position.

If you have decided to make a speculative investment in this disruptive technology, and want to have all the current and future recommendations, connect with “The Top Coins”.

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Getting Started with Crypto

Investing in the cryptocurrency market space can be a bit daunting for a traditional investor, as investing directly in cryptocurrency (CC) requires the use of new tools and the adoption of some new concepts. So, if you decide to put your fingers in this market, you will want to have a very good idea of ​​what to do and what to expect.
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Buying and selling CC requires you to choose an exchange that deals with the products you want to buy and sell, whether it is Bitcoin, Litecoin or any of over 1300 other tokens in the game. In previous editions, we have briefly described the products and services available on several exchanges, in order to give you an idea of ​​the different offers. There are many exchanges to choose from and they all do things their own way. Look for things that are important to you, for example:
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– Deposit policies, methods and costs of each method

– Withdrawal policies and costs

– What fiat currencies do they use for deposits and payouts

– Products they deal with, such as crypto coins, gold, silver, etc.

– Transaction costs

– where is this stock exchange? (USA / UK / South Korea / Japan …)

Be prepared for the Exchange setup procedure to be detailed and time consuming, as exchanges generally want to know a lot about you. This is similar to opening a new bank account, because stock exchanges are brokers of valuables and want to make sure that you are what you stand for and that you are a person you trust. It seems that “trust” is earned over time, because stock exchanges usually allow only small amounts of investment to begin with.
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Your Exchange will keep your CCs in storage for you. Many offer “cold storage” which simply means keeping your coins “offline” until you indicate that you want to do something with them. There is a lot of news about Exchange hacking and a lot of coins stolen. Imagine that your coins are on something like a bank account on the stock exchange, but remember that your coins are only digital and that all blockchain transactions are non-refundable. Unlike your bank, these exchanges do not have deposit insurance, so keep in mind that hackers are always out there trying to get their crypto coins and steal them. Stock exchanges generally offer password-protected accounts, and many offer two-factor authorization schemes – something to seriously consider to protect your account from hackers.
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Since hackers like to rob stock exchanges and your account, we always recommend that you use a digital wallet for your coins. It is relatively easy to move coins between your Exchange account and your wallet. Be sure to choose a wallet that holds all the coins you want to buy and sell. Your wallet is also a device you use to “spend” your coins at merchants who accept CC for payment. The two types of wallets are “hot” and “cold”. Hot wallets are very easy to use, but leave your coins exposed to the Internet, but only on your computer, not on an Exchange server. Cold wallets use offline storage media, such as specialized hardware memory sticks and simple printouts. Using a cold wallet makes transactions more complicated, but they are the most secure.
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Your wallet contains a “private” key that authorizes all transactions you want to initiate. You also have a “public” key that is shared online so that all users can identify your account when they are involved in a transaction with you. Once hackers get your private key, they can move your coins wherever they want, and that’s irreversible.
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Despite all the challenges and wild volatility, we are convinced that underlying blockchain technology is changing the game and will revolutionize the way transactions are conducted in the future.
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5 benefits of cryptocurrency: everything you need to know

If you are looking for a good alternative to cash and credit cards, you can try cryptocurrency. Today, this currency is quite popular around the world. Many companies now accept cryptocurrency payments just like regular currencies. Bitcoin is one of the most popular cryptocurrencies, which is why a large number of people invest money in bitcoin. Powered by Blockchain, you can perform transactions without any security risks. In this article, we will discuss some of the most prominent advantages of cryptocurrency.
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Simple transactions

If you often deal with legal representatives and brokers, you know that they charge large fees for each transaction. In addition, you have to pay a lot of paperwork, commissions and brokerage services.
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On the other hand, if you use cryptocurrency, you can eliminate all intermediaries. You will use a secure network to carry out all your transactions. Each transaction is transparent and does not involve large transaction fees.
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Asset Transfers

It is easy to transfer ownership of a cryptocurrency from one person to another. Blockchain is behind all ecosystems. Therefore, you can conduct all your transactions in a secure and secure environment.
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The good thing about cryptocurrency is that it allows you to add third party approval for future payments. If you have this currency, you can easily transfer funds without any problems.

Confidential transactions
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In the case of cash or credit, there is a record of each transaction. These records are also kept in the bank where you have your account. Whenever you make a transaction, your bank keeps a record of it. Even if you are a business owner, your bank knows how much money you have in your bank account. This is not good from a privacy standpoint.

The beauty of cryptocurrencies is that every transaction is unique. Every deal includes negotiation terms. There is a push concept that provides a basis for sharing information. Nothing will be revealed to the recipient except what you allow. So you will have complete protection of privacy and identity.
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Low transaction fee

If you check your bank statement, you will be surprised to see that the bank has charged you a fee for every transaction you have made so far. If you do a lot of transactions every day, the total amount of bank fees will be quite high.

On the other hand, transaction fees in the case of cryptocurrency are very low. However, if you hire third party services to maintain your crypto wallet, you may have to pay for this service. However, these fees are far less compared to the fees charged by conventional banks.
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Peace of mind

You can use the internet to transfer cryptocurrency with complete peace of mind. In fact, anyone can use this service as long as they have internet access. All you need to do is have a basic understanding of the cryptocurrency network. In short, these are just some of the primary benefits of using cryptocurrency.

The role of customer service – why it matters to your business

Plan to get financial information:

Blockchain technology is typically present in the financial sector, but could transform a number of industries and range from the Internet of Things (IoT) that supports healthcare and from the supply chain to arts and entertainment.

An expert in blockchain explains that technologies that have a wide range come from their employment in a safe and efficient way. To ensure the integrity, transparency, consistency and fairness of data in different types of transactions.

Ideas on existing business functions:

We are the owner and CEO of cryptoappfactory.com, and also Blockchain. We can improve the existing business system using the idea of ​​creating a competitive advantage through more efficient accounting processes and solving the challenges of potential customers.

We are ready to prove the second point in which the P2P platform for energy trade eliminates intermediaries in the sale of renewable energy. And another Blockchain startup provides a platform that seamlessly shares data along supply chains. Investors seem to like startup solutions to everyday problems, allocating more than a million to the Origin Trail and more than a million to the Power Ledger.

Capital raising:

Ideas for creating a new model of services and launch products in your business, we support the concept of capital work for better selection of blockchain services and business support.

We use cryptocurrency to get an alternative solution to a traditional financing project. Cryptocurrency has startups that use the amount of working capital on the direct investment label using token generation events. Scholars have certain policies to maintain and support the project in accordance with legal services.

Get new customer services:

Blockchain technology has a cryptocurrency model to be able to transfer data to an extended field in the market. Cryptocurrency has private and public investments to verify the transaction on the recognition of companies to attract Bitcoin and other online currencies. Helps support and translate sales.

According to the blockchain tool, we have large media data that we can highlight and convey on the forum through a small family business. PIVX has storage devices to insert a new client and customer to get Bitcoin easier and faster on payment methods.

Strengthening cyber security:

We use half of Bitcoin to share in case of private data breaches, and half of the data to share public data. Each company has some qualified experienced support for learning business to the next level of approach. Blockchain technology can be used to reduce the risk of data breaches.

Blockchain has improved its cybersecurity efforts because we have the infrastructure, transparency, event tracking, cryptography, and other information systems to share security data.

Provide Bitcoin privacy:

Privacy policies have several complementary tasks on cybersecurity systems. It is important to monitor certain consumers in order to buy Bitcoin in order to protect their data online.

Bitcoin privacy is very important because even by enforcing your regulation of your Bitcoin, data protection has many features for which we have stronger privacy laws. Blockchain can address this element by creating and protecting the attention of consumer data to build transparency and trust between consumers and brands. We offer sample data to share in the live ideas market using a large platform. Blockchain developers have a great user ability to share and store information about different entities.

Global challenges using cryptocurrency:

Finally, we have entrepreneurs who like to use blockchain technology to build other places that will destroy natural disasters.

With Forbes, we have listed who can divide the capitalists in the market using cryptocurrencies, bitcoin and blockchain. We residents have an interaction and reconnection panel to get the power grid, and we also sell Bitcoin wallet for local private or public ventures.

This blockchain is the easiest way to help the cryptocurrency platform in the easiest way to respond. We offer Bitcoin and other currencies in the market which empowers your business in an easy way.

Bitcoin Brokers – Understand the benefits of cryptocurrency trading

Bitcoin is a cryptocurrency that can be spent, saved or invested, and can be stolen. Bitcoin trading was considered risky, but current trends show that it has become a big hit in the binary options sector. This decentralized currency is not regulated by any government or any central government.

What determines the price of Bitcoin?

The price of Bitcoin is determined by the ratio of supply and demand. The price rises when demand grows, rates fall down when demand falls. Bitcoins in circulation are limited, and new ones are being created very slowly. Since there is not enough cash reserve to move the market price, its price can be extremely variable.

Bitcoin trading is popular because of –

  • Low risk of inflation – Inflation is the biggest problem for traders, because all currencies lose part of their purchasing power when reserve banks constantly print more currencies. With the bitcoin minting system limited to just 21 million bitcoins, inflation is unlikely to affect it.
  • Low risk of collapse – Currency fluctuations depend on government trade policies, which sometimes cause hyperinflation and even lead to currency collapse. Bitcoin is a virtual universal currency, which is not regulated by any government.
  • Simple, safe and cheap – Bitcoin payments take place between peer-to-peer without any intermediary, which is why it is simple and cheap.
  • Easy to carry – Million-dollar bitcoins can be carried in a pocket, on a memory stick. This cannot be done with gold or cash.
  • Unable to trace – Bitcoin issuance is not regulated by any government, so the risk of seizure is zero.

Bitcoin binary options trading platform

Binary options brokers are getting acquainted with the popularity of these Bitcoins and their constant variable values. Therefore, they use this opportunity to offer merchants the latest variable cryptocurrency as an additional payment method. Bitcoin brokers that offer cryptocurrencies as a trading option include –

  • One-touch option – Bitcoin trading can be done with AnyOption or one-touch option. For example, the current popular currency pair is BTC / USD.

  • SetOption – The latest available asset trading option is BITCOIN / USD.

Bitcoin brokers provide a simple online trading platform. All you have to do is visit their website, enter your details and create an account. You can start with a demo account to understand the market action.

The trading screen is simple.

  • Choose price direction (up / down)

  • Select a time frame

Is Bitcoin Trading Safe?

The Bitcoin network is probably the world’s largest computer project. The most common weakness here are user errors. Bitcoin wallet files can be lost, stolen or accidentally deleted like all other digital files.

However, users can use good security strategies to protect their money. Alternatively, you can choose service providers that offer a high level of security as well as insurance against loss or theft.

The most popular MLM software companies to watch out for in 2018

MLM software is an integral part of every MLM business because it holds the foundation of the business and real MLM software that is very accurate, fast and perfect to meet your expectations is essential. It is important to choose the right developer who will meet our software requirements, after all, there is no room for error in your business. Here are the best MLM software development companies on the market along with their rankings and employee strength to help you make the right choice. There are no specific criteria for ranking developers, although given features, customization options, and available add-ons may be considered to rank.
I took these parameters into account when ranking MLM software development companies.

I have prepared this list based on internet searches, magazine references and word of mouth information.

1. Infinite MLM software from IOSS

IOSS is a pioneer in MLM software development in India with more than a decade of experience in developing such software. Their Infinite MLM Software has the largest number of MLM plans integrated into it. Payment options are very secure and reliable, and a number of add-ons are available that can be easily integrated with the software. These include e-pin, e-wallet, CRM integration, Bitcoin promotion and cryptocurrency development. Users also have the ability to customize the software to their needs and compensation and payment schemes. There are options for handling multiple languages ​​and currencies.

Alexa rank: 383,389

2.MLM Softworks

MLM software developed by MLM Softworks, an Indian company that claims to have a solution for managing, controlling and organizing MLM business. Built on Laravel, the software is very fast and allows the administrator to configure a custom payment plan and compensation rules. The software includes essential features such as social media integration, distributor and downstream management, handling MLM leads, processing commissions and payouts, enabling or disabling dynamic compression, tracking sales volume, profitability statistics, and more.

Alexa rank: 3,048,051

3. AIS TECHNOLABS

The company offers a 100% customizable script, which is common in most MLM software on the market these days. A content management system is a very useful tool for users without much technical knowledge to easily update the content of their business website. The CRM feature helps promote business by generating automated responses to queries. The software offers a multi-engine URL to help check the volume of purchases, rank and number of legs. The price is moderate and the company offers a range of services related to MLM business such as website development, mobile application development, etc. The company offers lifelong support and technical advice for any type of software problem.

Alexa rank: 564,315

4. Awapal MLM

The developers described Awapal MLM as ‘Software with great features given for different business needs’. In addition to the above basic features, the software has a set up CRM system so that distributors can send mass emails and automated responses to their customers. The software supports multiple languages ​​and even has a currency converter added to observe the possibility of doing business abroad. An E-Voucher Generator has been introduced and there is the possibility of easy mass import / export of data. Transferring funds to different accounts is extremely easy with the built-in e-wallet sound system. There are options to generate different types of reports and inventory management is no longer a difficult task with Awapal MLM.

Alexa rank: 700,567

5. VentaForce of Sankalpa

Ventaforce claims to have built in more than 150 features. Developed by Indian company Sankalp, which has been operating for more than 10 years, the software includes all the basic features expected from MLM software along with additional features such as multilingual support, multi-currency management, tax management, e-commerce integration, commission management, more suppliers and more. All popularly adopted MLM plans are built into the software. There are pre-integrated payment gateways that enable secure and secure transactions. Together with the Admin and Member modules, multi-level marketing software provides a variety of additional modules with various effortless business management functions.

Alexa rank: 890,686

6. ARM MLM

This MLM software is very sensitive to anything from a computer to a mobile phone and has merged all major business plans along with a whole set of commission calculations and payment schemes. An additional feature is the content management system (CMS) that allows the user to update product information and other content on the website without much knowledge of HTML. Genealogy is presented in graphical form, and the software also supports multiple languages. An e-pin Generator is provided to reduce the possibility of fraud, and an e-wallet has been added to ensure fast and easy transactions.

Alexa rank: 982,719

7. Multisoft Corporation

Market Power Pro by Multisoft Corporation is third on the list of the top ten MLM companies. The software is packed with many essential features such as real-time genealogy, website management tools, automatic billing options and more! The company is headquartered in Nevada, USA and has been in business for over 30 years. Competitive pricing and security features are commendable for this MLM software. Almost all types of MLM business plans and its compensation schemes are built into this software. The administrator can manage all users, both distributors and customers, from a single central cloud-based system that helps easily manage the entire business.

Alexa rank: 1,766,696

8. EifaSoft Technologies

EifaSoft MLM software company EifaSoft Technologies is based in India and has managed to meet the expectations of MLM software. Eifasoft Technologies claims that EifaSoft MLM is secure, reliable, user-friendly and web-based MLM software that allows easy tracking of customers, various types of sales reports, revenue, analytical and pictorial presentation in a genealogical way of MLM customers. The software has a responsive design so it can be used in any design without any problems. All basic utilities such as E-Pin generator, e-commerce, SMS and e-wallet are integrated with the software. The only major drawback is that the company does not offer a free trial of the software.

Alexa rank: 1,976,211

9. IMAtrix software

With more than two decades of experience in MLM software development, IMAtrix is ​​an American company that has a pretty impressive clientele to boast. The software is full of features you would expect from a leading software provider and allows the user to see their bottom line in graphical format, determine their current qualifications and current earnings. The software is practically easy to use and visually appealing. This software can also work with multiple currencies, payment options and multiple languages. Members can access their real-time information anywhere, anytime, from any supported device.

Alexa rank: 7,589,451

10. AJ Matrix MLM software

AJ Matrix is ​​a PHP-based MLM software developed by the British company AJ Matrix. The software has all the features expected of MLM software. The software customizes all MLM business plans in the market and integrates E-Pin Management together with it. There are options for customizing the software according to the needs of the client. The company promises its customers 24×7 support by phone and email. The software could be equipped to automatically adjust the overflow and can calculate bonuses and commissions.

Alexa rank: 13,282,170

Links to the websites of the four largest companies are listed below. Check them out!

1. Infinite MLM software from IOSS – https://infinitemlmsoftware.com/

2.MLM Softworks – http://www.mlmsoftworks.com/

3. AIS TECHNOLABS – https://www.aistechnolabs.com/mlm-software/

4. Awapal MLM – https://awapal.com/

There are MLM software companies that are growing around the world on a daily basis. It is a difficult choice, we agree, to choose something that can decide the fate of your business. Although there are endless choices in the market, we have managed to select some based on overall functionality and price as our top priority. I hope this list will help you make the final choice! Cheers for a successful MLM business career.

Five laws of gold

We live in an impatient age, and when it comes to money, we want it more now, today, not tomorrow. Whether it’s a mortgage deposit or clearing up those credit cards that consume our energy long after we stop enjoying what we bought with them, the sooner the better. When it comes to investing, we want easy dialing and a quick return. Hence the current craze for cryptocurrencies. Why invest in nanotechnology or machine learning when Ethereum is locked in an endless upward spiral and Bitcoin is a gift he continues to give?

A century ago, American writer George S Clason took a different approach. In The Richest Man in Babylon, he gave the world a treasure trove of – literally – financial principles based on things that might seem old-fashioned today: caution, prudence, and wisdom. Clason used the sages of the ancient city of Babylon as spokespersons for his financial advice, but that advice is as relevant today as it was a century ago, when the collapse of Wall Street and the Great Depression were looming.

Take for example the five laws of gold. If you want to put your personal finances on a sound footing, wherever you are in life, this is for you:

Law No. 1: Gold comes gladly and in increasing quantities to anyone who invests at least a tenth of their earnings to create property for their future and the future of their family. In other words, save 10% of your income. Minimum. Save more than you can. And that 10% is not for next year’s vacation or a new car. That is in the long run. Your 10% may include your pension contributions, ISAs, premium bonds or any type of savings account with high interest / limited access. OK, interest rates for savers are now at historically lowest levels, but who knows where they will be in five or ten years? And compound interest means your savings will grow faster than you think.

Law No.2: Gold works diligently and contentedly for a wise owner who finds him a profitable job. So if you want to invest, not save, do it wisely. There are no cryptocurrencies or pyramid schemes. We focus on the words “profitable” and “employment”. Let your money work for you, but remember that the best thing you can hope for for this side of the rainbow is a stable return in the long run, not winning the lottery. In practice, this probably means stocks in established companies that offer a regular dividend and a steady upward trend in stock prices. You can invest directly, or through fund managers in the form of funds, but before you part with one penny, see Laws 3, 4 and 5 …

Law no. 3: Gold is kept under the protection of a careful owner who invests it on the advice of those who handle it. Talk to a qualified, experienced financial advisor before doing anything. If you don’t know it, investigate. Check them out online. What expertise do they have? What kind of clients? Read the reviews. Call them first and understand what they can offer you, and then decide if the face-to-face meeting will work. Check their commission arrangements. Are they independent or tied to a particular company, under contract to promote that company’s financial products? A decent financial advisor will encourage you to get the basics: retirement, life insurance, where you will live, before directing you to invest in emerging markets and space travel. When you are satisfied that you have found a counselor you can count on, listen to him. Trust their advice. But check your relationship with them at regular intervals, say once a year, and if you’re not happy, look elsewhere. Chances are, if your assessment was sound at all, you will stick to the same counselor for years to come.

Law no. 4: Gold eludes anyone who invests it in affairs or purposes with which they are unfamiliar or which are not approved by those who are skilled in its safekeeping. If you have a deep knowledge of food retail, be sure to invest in a supermarket chain that increases market share. Likewise, if you work for a company that has an employee share ownership plan, it makes sense to take advantage of that if you are sure your company has a good prospect. But you should never invest in any market or financial product that you don’t understand (remember the crash!) Or can’t fully explore. If you are tempted to try currency or options trading and have a financial advisor, talk to him first. If they are not up to date, ask them to refer you to someone who has. Best of all, stay away from anything you’re not sure about, no matter how much potential comes back.

Law no. 5: Gold flees from one who seeks impossible earnings or who follows the tempting advice of a deceiver and conspirator or who believes in his own inexperience. Again, the fifth law follows the heels of the fourth. If you start searching the internet for financial advice and wealth-creating ideas, your inbox will soon be full of “scammers and plotters” promising you land if you invest £ 999 in their “system” to convert £ 1 to £ 1XXXXXX to Chicago trading exchange. Remember, the only one who makes money in the gold rush is the one who sells shovels. Buy the wrong shovel and you will quickly get into debt. Not only will you pay through your nose for a system that has no proven value; by following it you will probably lose much more than the price you paid for it. At the very least, you should check the original product reviews. And never buy a system, investment vehicle or financial product from any company that is not registered with a national supervisory authority, such as the Financial Conduct Authority for the UK.

Virtual currency games

The dream of every little boy (and many adult men) to make a living playing video games is closer to reality. The recent release of HunterCoin and VoidSpace in Development, games that reward players in digital currency rather than virtual princesses or gold stars, hints at a future in which someone’s score on the scoreboard could be rewarded in dollars, sterling, euros and yen .

The story of a millionaire (virtual) real estate agent …

Digital currencies are slowly becoming more mature, both in terms of functionality and in terms of financial infrastructure that allows them to be used as a credible alternative to the non-virtual fiat currency. Although Bitcoin, the first and most famous of the cryptocurrencies, was created in 2009, there are forms of virtual currencies that have been used in video games for more than 15 years. The 1997 Ultima Online was the first significant attempt to include a large-scale virtual economy in the game. Players could collect gold coins by performing tasks, fighting monsters and finding treasure and spending it on armor, weapons or real estate. This was an early incarnation of virtual currency in that it existed exclusively within the game, although it reflected the real world economy to the point that Ultima currency experienced inflation as a result of game mechanics that ensured an endless supply of killing monsters and thus gold coins. to collect.

Released in 1999, EverQuest took it a step further by playing virtual currencies, allowing players to trade virtual goods with each other in the game and although the game’s designer banned them from selling virtual items to each other on eBay. In the real-world phenomenon that was amusingly explored in Neal Stephenson’s 2011 novel Reamde, Chinese gamers or ‘golden farmers’ were hired to play EverQuest and other similar games full-time with the goal of gaining experience points to improve their characters. making them more powerful and sought after. These characters would then be sold on eBay to Western players who were unwilling or unable to invest hours to improve their characters. Based on the calculated EverQuest exchange rate as a result of real-world trading, Edward Castronova, a professor of telecommunications at Indiana University and a virtual currency expert, estimated that in 2002 EverQuest was the 77th richest country in the world, somewhere between Russia and Bulgaria and its GDP. per capita it was larger than the People’s Republic of China and India.

Launched in 2003 and reaching 1 million regular users by 2014, Second Life is perhaps the most complete example of a virtual economy to date in which it is a virtual currency, the Linden Dollar, that can be used to buy or sell goods and services in the game. be exchanged for real world currencies through market exchanges. Recorded $ 3.2 billion in in-game virtual goods transactions in the 10 years between 2002-13, Second Life became a market where players and companies alike could design, promote and sell the content they created. Real estate was a particularly lucrative commodity for trade, in 2006 Ailin Graef became a millionaire 1st Second Life when she turned an initial investment of $ 9.95 into over $ 1 million over 2.5 years through buying, selling and trading virtual real estate to other players . Examples such as Ailin are an exception to the rule, however, only 233 users were recorded who earned more than $ 5,000 from Second Life activities in 2009.

How to be paid in dollars for asteroid mining …

To date, the ability to generate non-virtual cash in video games has been of secondary design, the player must go through unauthorized channels to exchange his virtual booty or have to possess some degree of creative skill or business ability in the real world. which could be traded for cash. This could change with the advent of video games that are fundamentally built around the ‘waterworks’ of recognized digital currency platforms. The approach HunterCoin has taken is to ‘gamify’ what is typically a rather technical and automated process of creating digital currency. Unlike real currencies that are created when they are printed by the Central Bank, digital currencies are created by users ‘holes’. The basic source code of a particular digital currency that allows it to function is called the blockchain, an online decentralized public ledger that records all transactions and currency exchanges between individuals. Since digital currency is nothing but intangible data, it is more prone to fraud than physical currency because it is possible to duplicate a unit of currency and thus cause inflation or change the value of a transaction after it has been executed for personal gain. To ensure that this does not happen, the blockchain is ‘supervised’ by volunteers or ‘miners’ who test the validity of each transaction made while using specialized hardware and software to ensure that the data is not unauthorized. This is an automatic process for miners’ software, albeit extremely time consuming, which involves a lot of processing power of their computer. To reward the miner for verifying the transaction, the blockchain releases a new unit of digital currency and rewards them with it as an incentive to continue to maintain the network, thus creating a digital currency. Because it can take anything from a few days to years for an individual to successfully dig up coins, user groups combine their resources into a mining ‘pool’, using the combined processing power of their computers to speed up coin mining.

The HunterCoin game is located within such a blockchain for digital currency also called HunterCoin. The act of playing the game replaces the automated digital currency mining process and for the first time makes it manual and without the need for expensive hardware. Using strategy, time and teamwork, players embark on a map in search of coins, and when they find them and return safely to their base (other teams are there trying to stop them and steal their coins), they can cash their coins by depositing in your digital wallet, usually an application designed to make and receive digital payments. 10% of the value of all coins deposited by players goes to the miners who maintain the HunterCoin blockchain plus a small percentage of all coins lost when the player is killed and their coins fall out. Although game graphics are basic and significant rewards take time to accumulate, HunterCoin is an experiment that could be considered the first video game with a built-in cash prize as a primary feature.

Although still in development, VoidSpace is a more refined approach to gaming in a functional economy. VoidSpace, an online multiplayer role-playing game (MMORPG), is set in a space where players explore an ever-growing universe, digging up natural resources such as asteroids and exchanging them for goods with other players to build their own galactic empire. Players will be rewarded for mining at DogeCoin, a more established form of digital currency currently widely used for micro payments on various social media sites. DogeCoin will also be the in-game trading currency between players and in-game purchase funds. Like HunterCoin, DogeCoin is a legitimate and fully functional digital currency and like HunterCoin can be traded for both digital and real fiat currencies on stock exchanges like Poloniex.

The future of video games?

While these are early days in terms of quality, the release of HunterCoin and VoidSpace is an interesting indicator of what the next evolution of games could be. MMORPGs are currently being considered as ways to model epidemic outbreaks as a result of players ’reactions to unintentional plague reflecting recorded aspects of human behavior that are difficult to model for real-world epidemics. One might assume that in the end virtual economies in the game could be used as models to test economic theories and develop responses to huge failures based on observations of how players use real-value digital currency. It is also a good test for the functionality and potential applications of digital currencies that promise to move beyond mere means of exchange to exciting areas of personal digital ownership, for example. Meanwhile, players now have the means to translate hours in front of the screen into digital currency and then into dollars, sterling, euros or yen.

But before you leave your daily job …

… it is worth mentioning the current courses. It is estimated that a player could comfortably reimburse their initial registration of 1,005 HunterCoin (HUC) to join the HunterCoin game during one day of play. Currently, HUC cannot be exchanged directly for USD, it needs to be converted into a common digital currency such as Bitcoin. At the time of writing, the HUC exchange rate for Bitcoin (BC) is 0.00001900, while the BC exchange rate for USD is 384.24 USD. 1 HUC traded in BC and then in USD, before any transaction fees were taken into account, would be equal to … 0.01 USD. This is not to say that as a player becomes more adept, he cannot increase his team of virtual CoinHunters and perhaps hire several ‘bot’ programs that would automatically play the game under the guise of another player and earn money for them. but I think it is safe to say that at the moment even such efforts can only realistically result in enough change for the daily McDonalds. Unless players are willing to engage in intrusive in-game advertising, share personal information, or join a game like CoinHunter built on the Bitcoin blockchain, the rewards are unlikely to ever be more than micro-payments for casual players. And maybe this is a good thing, because surely if you get paid for something it stops being a game more?

Easy ways to buy and invest in Bitcoin

What is Bitcoin?

Bitcoin is a decentralized, equitable, digital currency system, designed to provide online users with the ability to process transactions through a digital exchange unit known as Bitcoins. In other words, it is a virtual currency.

The Bitcoin system was created in 2009 by an undiscovered developer. Since then, Bitcoin has attracted huge attention as well as controversy as an alternative to the US dollar, euros and commodity currencies such as gold and silver.

Rise to popularity

Bitcoin did not attract much attention in the world of business and finance before 2009. It rose to prominence in 2011-2012 when it gained over 300%. Bitcoin has had a 400% increase in value since August last year. As a result, venture capital companies and investors around the world continue to attach importance to cryptocurrencies.

In the first half of 2014, venture capital companies invested $ 57 million in Bitcoin in the first quarter, followed by another $ 73 million in the second quarter for a total of $ 130 million, 50% more than last year’s total of $ 88 million. This is the complete opposite of the 2012 scenario where Bitcoin companies raised a relatively modest sum of $ 2.2 million.

These statistics undoubtedly prove that Bitcoin is worth your investment, which begs the question, how can you buy and invest in Bitcoin?

A guide for beginner investors in Bitcoin

The easiest and least complicated way to invest in Bitcoin is to buy bitcoin. There are many established companies, mostly in the United States, as well as abroad, that deal with the purchase and sale of bitcoin, abbreviated BTC.

Coinbase

If you live in the US then Coinbase is the place you are looking for. Coinbase provides its customers with BTC at an estimated mark of 1% of the current market price. Residents of the United States have the option to synchronize their Coinbase wallets with their bank accounts. As a result, future payment transfers are no problem. This company also gives you the ability to automatically purchase bitcoin from time to time. For example, if you are interested in buying $ 50 in bitcoins at the beginning of each month, Coinbase allows you to set up an automatic purchase for that amount.

Please note the terms and conditions before using this service. If you have subscribed to the automated bitcoin service, then you will not be able to control the price at which BTC is purchased every month. Note that Coinbase does not function as a Bitcoin exchange, ie. you buy and sell coins directly from the company. Because the company has to procure coins from other customers, you may face delays or interruptions when placing orders during rapid market movements.

BitStamp

BitStamp meets the requirements of conventional bitcoin exchange. Bitcoin acts as an intermediary that allows you to trade with other users, not with the company itself. Liquidity is higher here and you always have a good chance of finding someone who is willing to trade with you. There is an initial fee of 0.5% that can be reduced to 0.2% if you trade from $ 150,000 over a 30-day period.

Alternative ways to buy Bitcoin

Local Bitcoins

Exchange is not the only way to invest in bitcoin. Local Bitcoins are often used to buy BTC offline. The website is designed to connect potential buyers and sellers. Bitcoins are stored by the seller in escrow and can only be released to buyers.

Buying bitcoin offline is not always very reliable or secure. Therefore, it is better to meet with the sellers during the day and let a friend mark you in case things go south.

Bitcoin is not just a modern trend. Venture capital companies believe that Bitcoin is a decent replacement for the conventional currency in the long run. There are countless ways to enter the realm of investing in bitcoin. As already mentioned, Coinbase, BitStamp and Local Bitcoins are the most popular channels for investing in bitcoin in the United States. Do your homework and find out which avenue meets all your limits.

Now that Bitcoin is here to stay, what’s next?

Bitcoin is a decentralized peer to peer cryptocurrency and the first of its kind. It is one of the most fascinating innovations in finance in at least the last hundred years. Bitcoin is completely determined by an algorithm and everything is open source so there are no surprises. No central agency can control the purchase of Bitcoin, unlike fiat currencies or even materials like gold. The world can only see a total of 21 million bitcoins.

Like any new disruptive innovation, Bitcoin has a fiercely loyal core group of supporters and followers who are passionate about the idea. They are the ones who start and spread the idea and raise it to a higher level. Bitcoin has many enthusiasts who are excited about the idea and the way it can shape the future of finance, restoring the power of money to the masses instead of under central control.

It’s not just a passing fad. Bitcoin is here to stay. Miners are preparing for the best of the best equipment for more efficient Bitcoin mining. Stock exchanges are investing heavily in the security and efficiency of the Bitcoin system. Entrepreneurs use their chances and build great deals around this idea. Venture capital funds are starting to support projects that revolve around Bitcoin (Coinbase has just raised $ 5 million in venture capital from some of the best WCs, including the team that supported Tumblr).

There are many scenarios, black swan and others in which bitcoins can become the dominant force in the financial industry. There are many scenarios of doom and gloom you can imagine where Bitcoin will retain its value and value as hyperinflation consumes fiat currency of a weak central government (there was at least one recorded case in Argentina where a person sold his house for Bitcoin). However, that is too pessimistic. Even if nothing bad happens, Bitcoin can live happily with traditional world currencies.

Some of the biggest advantages of Bitcoin are realized in efficient markets. It can be disassembled into one hundred million parts, each of which is called a satoshi, unlike the fiat, which can usually be disassembled into only one hundred parts. Also, transactions through this network are essentially free or sometimes require a small transaction fee to encourage miners. Little by little, we are talking about less than a tenth of a percent. Compare this to the 2-4% commission usually charged by credit card companies and you will understand why this concept is so attractive.

So, now that you are convinced that Bitcoin is there to stay in the long run, how to use it? It is still at a very early stage of development and there are many places where you can make bitcoin. Taps, for example, are supported exclusively by advertising and captcha and have no pitfalls – enter your wallet ID and get free Bitcoins.

There are several other concepts from the world of Get-Paid-To that have been translated and made specifically for the Bitcoin economy. For example, there are several ways you can take surveys, watch videos, and visit advertiser websites, all in exchange for some bitcoins. Since this is new, it is a great way to test the water and ensure some of it in the process. Remember that it is much easier to donate Bitcoins because microtransactions are so convenient. There doesn’t have to be an actual minimum payout, and even when there is, it’s usually very minimal.

To participate in the economy of Bitcoin, you do not have to be a technical expert or even go deep into the functioning of the currency. There are several services you can use to make the process as easy as possible. It’s all up to you to take that leap of faith and stay in the game in the long run.

Why should you trade cryptocurrencies?

The modern concept of cryptocurrency is becoming very popular among traders. The revolutionary concept that Satoshi Nakamoto introduced to the world as a by-product became a hit. Decoding Cryptocurrency we understand that crypto is something hidden, and currency is a means of exchange. It is a form of currency used in a chain of blocks that is created and stored. This is done through encryption techniques to control the creation and verification of currency transactions. Bit coin was the first cryptocurrency to emerge.

Cryptocurrency is just a part of the virtual database process that works in the virtual world. The identity of the real person cannot be established here. Also, there is no centralized body that manages cryptocurrency trading. This currency is equivalent to hard gold kept by people and whose value should grow rapidly. The electronic system set up by Satoshi is decentralized in which only miners have the right to make changes by confirming started transactions. They are the only providers of human touch in the system.

Forgery of cryptocurrency is not possible because the whole system is based on hard mathematics and cryptographic puzzles. Only those people who are able to solve these puzzles can make changes to the database which is almost impossible. Once a confirmed transaction becomes part of a database or chain of blocks that cannot then be undone.

Cryptocurrency is nothing but digital money created with the help of encryption techniques. It is based on a peer-to-peer control system. Let’s now understand how you can profit by trading in this market.

It cannot be reversed or falsified: Although many people may refute this that the transactions made are non-refundable, but the best thing about cryptocurrencies is that once the transaction is confirmed. A new block is added to the blockchain and then the transaction cannot be forged. You become the owner of that block.

Online transactions: This not only makes it convenient for anyone sitting in any part of the world to conduct transactions, but also facilitates the speed with which the transaction is processed. Compared to real time, when you need third parties to enter the picture to buy a house or gold or take a loan, you only need a computer and a potential buyer or seller in the case of cryptocurrency. This concept is easy, fast and full of investment return prospects.

The fee is low per transaction: Miners take low or no compensation during transactions because the network takes care of it.

Accessibility: The concept is so practical that all those people who have access to smartphones and laptops can access the cryptocurrency market and trade it anytime, anywhere. This accessibility makes it even more lucrative. As ROI is commendable, many countries like Kenya have introduced the M-Pesa system which provides a device for essential coins which now allows every third Kenyan to have a wallet with bit coins.

Which cryptocurrencies are good to invest in?

This year, the value of bitcoin has jumped, even over one golden ounce. There are also new cryptocurrencies on the market, which is even more surprising as it brings the value of cryptocurrencies up to more than one hundred billion. On the other hand, the long-term outlook for cryptocurrencies is somewhat blurred. There are quarrels due to the lack of progress among its main developers, which makes it less attractive as a long-term investment and as a payment system.

Bitcoin

Still the most popular, Bitcoin is the cryptocurrency that started it all. It is currently the largest market capitalization of about $ 41 billion and has existed for the past 8 years. Around the world, Bitcoin is widely used and so far it has not been easy to exploit weaknesses in the method it works on. Both as a payment system and as a stored value, Bitcoin allows users to easily receive and send bitcoins. The blockchain concept is the foundation on which Bitcoin is based. It is necessary to understand the concept of blockchain in order to gain insight into what cryptocurrencies are all about.

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

Litecoin

One alternative to Bitcoin, Litecoin is trying to solve many of the problems that hinder Bitcoin. It’s not quite as resilient as Ethereum with its value stemming mostly from the adoption of solid users. It is worth noting that Charlie Lee, a former Google employee, runs Litecoin. He also practices transparency with what he does with Litecoin and is quite active on Twitter.

Litecoin has been Bitcoin’s second instrument for some time, but things started to change in early 2017. First, Coinbase adopted Litecoin along with Ethereum and Bitcoin. Then, Litecoin solved the Bitcoin problem by adopting Segregated Witness technology. This gave him the capacity to reduce transaction fees and do more. The deciding factor, however, was when Charlie Lee decided to focus exclusively on Litecoin and even left Coinbase, where he was director of engineering, for Litecoin only. As a result, the price of Litecoin has risen in recent months, and its strongest factor is the fact that it could be a real alternative to Bitcoin.

Ethereum

Vitalik Buterin, a superstar developer, designed Ethereum, which can do everything Bitcoin can do. However, its purpose is primarily to be a platform for building decentralized applications. Blockchains are what make the differences between them. Basically, the Bitcoin blockchain records the type of contract, one that states whether funds have been moved from one digital address to another. However, there is a significant expansion with Ethereum because it has a more advanced language script and a more complex, wider range of applications.

Projects began to emerge at the top of Ethereum when developers began to notice its better qualities. Through the mass sale of tokens, some have even raised millions of dollars, a trend that continues to this day. The fact that you can do wonderful things on the Ethereum platform makes it almost like the internet itself. This has caused a dizzying rise in prices, so if you bought Ethereum for $ 100 earlier this year, it wouldn’t be estimated at nearly $ 3,000.

Money

Monero aims to solve the problem of anonymous transactions. Even if this currency is considered a money laundering method, Monero aims to change that. Basically, the difference between Monera and Bitcoin is that Bitcoin has a transparent blockchain with every transaction public and recorded. With Bitcoin, anyone can see how and where money is moved. However, there is some somewhat imperfect anonymity of Bitcoin. In contrast, Monero has an opaque rather than transparent method of transaction. No one is completely sold by this method, but since some people like privacy for any purpose, Monero is here to stay.

Zcash

Unlike Monera, Zcash also aims to solve the problems that Bitcoin has. The difference is that Monero, instead of being completely transparent, is only partially public in its blockchain style. Zcash also aims to solve the problem of anonymous transactions. After all, no person likes to show how much money they actually spent on Star Wars souvenirs. So, the conclusion is that this type of cryptocurrency really has an audience and demand, although it is difficult to point out which cryptocurrency that focuses on privacy will eventually reach the top of the crowd.

Bancor

Also known as a “smart token,” Bancor is a standard-generation cryptocurrency standard that can hold more than one token in reserve. Basically, Bancor tries to facilitate the trading, management and creation of tokens by increasing their level of liquidity and allowing them to have an automated market price. At the moment, Bancor has a front-end product that includes a wallet and smart token creation. There are also functions in the community such as statistics, profiles and discussions. In short, the Bancor Protocol enables the discovery of the embedded price as well as the liquidity mechanism for smart contract tokens through the innovation reserve mechanism. Through a smart contract, you can immediately liquidate or buy any of the tokens in the Bancora reserve. With Bancor, you can easily create new cryptocoins. Who wouldn’t want that now?

EOS

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

Theses

An alternative to Ethereum, Tezos can be upgraded by agreement without too much effort. This new blockchain is decentralized in the sense that it is self-governing through the establishment of a digital true Commonwealth. It facilitates a mathematical technique called formal verification and has features that increase the security of the most financially sensitive smart contract. Definitely a great investment in the coming months.

Verdict

It is incredibly difficult to predict which Bitcoin will become the next superstar on the list. However, user adoption has always been a key success factor when it comes to cryptocurrencies. Both Ethereum and Bitcoin have it, and even if there is great support from early users of every cryptocurrency on the list, some have yet to prove their endurance. Still, these are the ones to invest in and look out for in the coming months.