Рубрика: News

  • EY Japan is developing a blockchain platform for tracking the sake supply chain

    EY Japan is developing a blockchain platform for tracking the sake supply chain

    EY Japan is the Japanese branch office of the audit firm Ernst & Young (EY). The office working on creating a SAKE Blockchain platform to track the sake supply chain, as well as to bout fakement.

    The head of EY Japan reported that the system initially will be launched in Hong Kong and Singapore which are open to the introduction of blockchain technology. In the future, the platform is planned to take public in the Asian market.

    According to EY consultant Hideaki Kajiura, the blockchain will be used to record and track information about the origin of the goods used to make sake, as well as about the conditions of production and the further supply chain of the product up to supermarkets and restaurants.

    Besides, the system will provide information about the temperatures at which the product held during transportation and at points of offtake so that consumers can be sure of better storage conditions.

    With QR-code on the bottle collar customers will be able to check the ingredients of sake, information about the manufacturer, as well as get recommendations for its further holding and intake. The information will be available in English, Chinese and Korean. All information entered in the system will be useful not only for buyers but also for manufacturers themselves.

    Manufacturers will be able to develop ways to improve the efficiency of their product sales and turn target marketing around by analyzing all information. However, the main aim of the SAKE Blockchain platform is to make sure the identity of alcoholic products and secure the sale from fakements. Ernst & Young used blockchain before to track the supply chain of alcoholic beverages. In May last year, the company participated in the development of the tattoo Wine platform to make the process of production and supply of wine more translucid.

  • The SEC accused Meta 1 Coin of conducting an illegal ICO and conversion investor funds

    The SEC accused Meta 1 Coin of conducting an illegal ICO and conversion investor funds

    The US Securities and Exchange Commission (SEC) has accused the Meta 1 Coin cryptocurrency project of conducting a fraudulent ICO and conversion $4.3 million from more than 150 investors.

    The Commission appealed to the court, demanding to freeze assets of two residents of Florida, Robert Dunlap and Nicole Bowdler, as well as the assets of ex-senator in Washington David Schmidt. According to the SEC, these people sold Meta 1 Coin digital assets that are unregistered securities, which violates the provisions of Federal anti-fraud laws.

    Besides, the developer deluded investors by providing them false information that Meta 1 Coin tokens were provided $1 billion art objects or $2 billion of gold. The audit firm checked the reserve’s availability.

    Investors were promised a high return of up to 224,923%, without any risks and losses. According to the SEC, the defendants used funds obtained through ICQ to cover personal expenses and purchase a luxury Ferrari car worth $215,000. The scammers in two firms Pramana Capital Inc. and Peter K. Shamoun invested portions of the proceeds. In total, the scammers collected more than $4.3 from 150 investors in the US and abroad.

    «We believe that the accused provided false information about Meta 1 Coin and could have said anything to extort money from people. Investors should be skeptical of such proposals where a huge profit is promised and nothing can happen to investments, » said David Peavler, Director of the SEC’s regional office.

    The regulator requires civil penalties to be imposed on the organizers of the Meta 1 Coin fraudulent scheme, as well as to recover from them the entire amount of funds collected during the ICO, along with interest for the period before the court decision is made. As for the firms Pramana and Shamoun, the SEC requires that they return the money invested by representatives of Meta 1 Coin since these funds were obtained by criminal means. This month, the SEC won a court case against the Russian project Isobox in the case of unregistered token sales, obliging the startup’s founder to pay $16 million in fines and compensation for illegally obtained funds. Last month, the Agency fined actor Steven Seagal for promoting the ICO of the cryptocurrency project Bitcoiin2Gen and for hiding the fact of receiving payment.

  • HOW TO MAKE MONEY ON CRYPTOCURRENCIES IN 2022

    HOW TO MAKE MONEY ON CRYPTOCURRENCIES IN 2022

    Introduction

    Making Money with crypto currencies is a booming business currently. Many people have taken to this method of getting themselves earn big Money. Maybe you can be wondering how they do it. Well, I’m here to clearly explain to you what these people do to make such vast sums of Money.

    How to make Money through bitcoin.

    There are many ways through which one can earn considerable money through bitcoin. I will just focus on the main ones because the list is too long. Once you get to understand these methods, you can freely make your decision on which method to pick, and you will surely make it. However you should do thorough research and find a method you are comfortable with.

    Bitcoin mining.

    Talking about the mining of bitcoin, basically, there are two types of mining that people typically use. There is personal and cloud mining. People who do personal mining (individual mining with own rig) are subject to maintenance, and that means that they are responsible for buying hardware for running this and all other bills like electricity. The other mining method, which is cloud mining, does bit involve many this as opposed to personal mining. Here hardware or software, assemble or even anything is not needed – all you need to do is pay a one-time fee for a contract, and that’s it! Usually, at the end of every month, you’ll receive your earnings. The amount will be based on your plan of choice and the electricity bill at the facility that the cloud mining service is based on.

    Overall, crypto currency mining is a very prevalent method for people searching on how to Make Money with Bitcoin. It does require some knowledge and expertise in the field to be able to perform it successfully (especially if you want to build your rig), but the effort is definitely worth the results.

    Buying bitcoin.

    There are these other types of people who feel it is right having an investment. Yes, with bitcoin, you are also able to make an investment. With bitcoin, you can decide to buy a certain amount of bitcoin and forget about the account for some long term period of time, and on later dates come back end check on there account for the accumulated earnings.

    Another type of investment is doing regular research and analysis about the signals used, after which they decide to invest some amount of money that will allow them for a certain period of time to trade their bitcoins with instant earnings directly paid to them.

    Usually, with this type of earning, you can realize a fortune or a misfortune; either with your Money, you can make huge cash or as well cause the most significant loss. So you either become poor or rich.

    Accept payment in bitcoin.

    As well one can decide to be trading in bitcoin terms just the same way one would prefer payment if Money. This way, one has to determine a service they can provide to the best and post for access by the prospects. Once this is decided upon, the person creates a bitcoin wallet where they receive the direct payments whenever their services get to be paid for.

    Now you should think of how to charge the people you offer services to. For instance, online forums are the best market places for you. Now here you only trade your services on bitcoin terms in exchange for your assistance. This is another right way people get to earn pretty good Money with bitcoin.

    IEO and bounty

    IEO (Initial Exchange Offering). This process implies that previously private coins are made public to the market for the first time for sale. Users can get access to it and buy it as creators (who in this case is you) receive funding from sales. Depending on demand, this process determines the coin price in the market.

    Trading.

    Just as in the normal marker places where sellers buy at low prices and sell to buyers at a rate more than the buying price, it is just the same way with bitcoin. The only difference here is that you have really analysed the direction the graph signal is most likely to take, lest you lose you Money! Again you have to determine the best time to but you bitcoin and the best time to release them to the market to be bought, which should be slightly higher to realize the profit.

    Referral programs

    Have you ever heard of network marketing? Well, this is a program in which you invite other people into the business, and the company compensates you. In the same way in cryptocurrency, you get to be paid for your effort if bringing new people. Yet, instead of bonuses, companies pay with digital coins (tokens). This is one of the popular ways to earn cryptocurrency since it also does not require any investments.

    Holding and renting.

    With bitcoin, some coins get used up on their own. When you do rent and holding as some coins are continually being used. For instance, Ethereum, in such systems, the creation of each transaction block comes with a reward (usually are those coins initially not in circulation). Hence, their total amount is not limited.

    A different approach is, however, implemented in Bitcoin. For the creation of a block, the system will always generate a reward as well. But every four years its amount is reduced (some get in the circulation of being used up constantly). Eventually, the emission will cease when the number of BTC in circulation hits 21 million. At this level you will receive only user commissions.

    Conclusion.

    For you to earn good money, you have to go for the method that best suits you to work with. For instance, with IEO and holding and rent, you have to do proper research and analysis to get to earn. Other methods like trading and mining you have to get well with bitcoin price, for instance. And also, you have to remember to choose the method that you can budget for successfully run without losses.

  • How to make money on Litecoin

    How to make money on Litecoin

    Still researching the online ways to get rich? Always paying attention on what’s new on cryptocurrency market? Nothing bad with the new, but we are showing you, now, that you could also try on the not so new solutions. Maybe you haven’t paid much attention to a cryptocurrency, called Litecoin, or LTC.

    And no, it’s not new, It was created in 2011 under MIT license, but it can surely improve your earnings in a strong way this year.

    Who is Litecoin

    LTC is an opensource alternative to Bitcoin. It appeared right after Bitcoin, Ethereum and Ripple. Practically, LTC and the other three are just like the musketeers on the cryptocurrency market, thus shaping a powerful rectangle for online business and mining.

    Not only the profitability is equal to that of Bitcoin, but also the investment safety level.

    Useful technicalities

    Unlike Bitcoin, Litecoin grants faster confirmations for transactions. The time for a block generation is 2,5 minutes, as compared to 10 minutes for Bitcoin.

    It is a peer-to-peer cryptocurrency, created on a similar protocol to Bitcoin. However, LTC uses a scrypt algorithm, the proof-of-work mining algorithm, thus requiring an intensive computer memory. Due to the fast generation of new blocks, the system can process several transactions at once. Thus Litecoin’s blockchains (transaction history) are wider.

    Payments are made towards addresses based on digital signature, and are represented by 33 mixed letter-figure series. Of course, always starting with an L.

    How to make money with LTC

    Market Value. You’ll find yourself on an LTC market with a maximum supply of 84.000.000 LTC. Whereas, the circulating supply amounts to 64.123.209 LTC. The price of one Litecoin grows around 70$ these days, and it started in 2011, around 4$. I am pretty sure you already started calculating the amount to which this market rises, as well as the profit that you could have already made since 2011. But it is never to late to start. As, we all know. Dealing with cryprocurrency still makes people rich.

    Also, please find out that it operates with several subunits. We talk about Litoshi (= 0,00000001 LTC), microcoin (0,00000 LTC) and millicoin (0,001 LTC).

    Mining or Purchase. LTC is a decentralised currency. Thus there is not a single central point or a sole administrator. So, you have the option to acquire Litecoin by mining it on cloud services. Then, there is also the option of purchasing LTC from specialized exchange platforms, and keep them physically in your own poket, or in cold wallets (hardware) or hot wallets (digital). However we are interested here about the ways for you to become a first rank player on LTC market, meaning to get into full mining activity.

    What you need for mining

    Litecoin is really easy to mine, because you need only the PC and the internet. No special professional hardware required, like with other cryptocurrency. This is the most secure manner for you to acquire LTC and to resale it. The cloud mining systems are world-wide spread, and go beyond any governmental impositions. If you start mining for LTC, you will become a miner, a part of this continously spreading community. Plus you will embark on a directly active role, that further increases the value of your investment.

    There are numerous mining portals for you to choose from, and become a miner. However they all work similarly and your participation is the same. As miner you are the one to process and verify all the transactions, the platform will only grant you their computig power and safety systems. Your job is to focus on supervising markets and choose a pool where to mine on. Thus you contribute to the mining community and you are rewarded Litecoins.

    How mining brings you money

    The mining activity will bring you LTC rewards from the cloud system. These are rewards from completing blocks of transactions, that you have to verify first. You are being successful if you discover solutions to a complex digit number. Your success is also depending on the total mining power on the network.

    You are practically getting paid for having an auditor activity. The verification process for each cryptocurrency transaction eliminates the „double-spending’ issue.

    What is this double-spending you might ask? This situation appears when an LTC owner spends the same coin twice, as there is a risk of making a copy of the digital token, thus using it in two places. One covered, one fake cryptocurrency. So you hunt counterfit cryptocurrency and get rewarded for this.

    Once you have verified one block (1 megabyte of information) you are eligible to receive LTC. You will not automatically receive LTC. You will earn it only if you are the first miner to get to the right answer for this numeric problem (which is the proof-of-work).

    It is somehow a matter of luck but also of numbers. The more blocks you verify, the more chances to be the first miner to solve the issue and to receive Litecoin.That’s why it pays off to enter the Litecoin game, as its blocks are faster generated (every 2,5 minutes), as we already mentioned before.

    And don’t worry. The numeric problem to solve is actually just a guesswork. You don’t have to play tricky games. You just have to find the correct digit number (the hash). So a lot of guessworking, until it matches.

    Will LTC increase its value furthermore?

    It has a lot of potential to appreciate on the market, with time. And this is due to the fact that the amount of coins issued is limited. So the success of Litecoin is dependent of the awarness of people and the success in gaining credibility and captivating the attention of a wider number of people to invest in it. And it is currently growing

    This is, in fact, a good part of the whole deal. You yourself can directly and actively participate to its success. By investing in it and become a promoter.

    Uses for Litecoin

    Besides its long-term/ short-term investment value, Litecoine started to be of interest for the retail/trade market. It is so far used as an exchange currency on this market, in very few places, but nevertheless it is. Let’s not forget that, generally, the cryptocurrency have just started to be used as such, but they are continously increasing in popularity. Again, as we said before, you can become an active player, that continuously increases Litecoin value.

  • Ethereum: how you make money on this cryptocurrency.

    Ethereum: how you make money on this cryptocurrency.

    Since cryptocurrencies became a reality and positioned themselves as a form of investment — and as a good way to make money -, attention has focused on bitcoin.

    However, also from the beginning, Ethereum has taken a firm position in second place to become one of the pillars of the cryptoverse.

    Ethereum is an impressive option that every day gets more popular in the market. For that reason, in this article we elaborate everything you need to know to introduce you to this concept and explain you how it is possible to make money with Ethereum.

    Going through questions like: what it really is, why does it have an attractive value, what is Ethereum mining and were to do it.

    So, what is ethereum and how can it help me to increase my earnings?

    Ethereum as a platform:

    To be fair, Ethereum is a cryptocurrency but also a platform. In fact, the name of Ethereum actually only refers to the platform, while the virtual currency is called Ether, just as Bitcoin (capitalized) is the platform and bitcoin (lowercase) the currency.

    Ethereum is based on blockchain technology. A type of technology that serves to decentralize transactions. The idea is to make it unnecessary for a third person to certify them.

    When we talk about formal currencies, this third person is usually the bank or credit card. But with blockchain technology the users themselves are the ones who validate this process, hence the talk of decentralizing the economy.

    Ethereum seeks to apply blockchain technology to any area, not just currencies. Thus, for example, it would be useful for voting systems, gambling, insurance … For this, it created what are called smart contracts, with which it is the users themselves who validate the operations and ensure the reliability of the contract, which cannot be modified nor cancel without the agreement of the entire community.

    What is ether?

    The ether is the cryptocurrency of Ethereum. The payment that developers receive for writing applications on the platform and also the miners for providing resources (which are their computers) to the Ethereum blockchain. As the platform grows and evolves, the currency takes on more value and therefore its sustained growth.

    In the beginning, 60 million ethers were generated plus 12 million thought for a development fund. Over the years, ethers have continued to be created at a rate of 18 million per year.

    That is what makes an ether a good investment, with each passing year it is more complicated to obtain a complete piece and its value increases.

    How to obtain Ethereum?

    There are two ways to have Ethereum in your possession: mine ether or buy ether. The first requires that we use some computer in our power to work to generate earnings for us.

    To get on the subject, let’s review this concept of cryptocurrency «mining» and then we´ll focus on some of the most interesting places to do this.

    Ethereum Mining, what is it really?

    To explain it simply, cryptocurrency mining is a process by which it seeks to solve complex mathematical problems.

    Miners are a fundamental part of getting every cryptocurrency system to operate within a Blockchain network. Thanks to the contribution of their time and computing power to solve those mathematical problems, they provide something called a «proof of work» for the network, thus verifying Ether transactions.

    For each verification that the miners perform, they are paid with a fraction of this cryptocurrency. In this way, the system endures.

    As more and more miners unite, problems automatically become more difficult to solve, which means that more time and computing power is required to solve them and the rewards become smaller. However, as the value of the Ether continues to increase, the rewards received by the miners remain quite substantial in value, which makes them a great investment.

    In addition, many people see mining as an ideological incentive, a means to directly support and sustain the network.

    Genesis Mining

    It is one of the leading companies and offers the best solutions for cryptocurrency mining. Genesis provides its powerful mining platforms to both digital currency experts and those who are new to the crypto industry.

    It has its origin and headquarters in Hong Kong but its mining centers are established in different locations between Europe, America and Asia. In this way, Genesis takes advantage of the low electrical costs of these places to achieve efficient mining and offer the most competitive prices.

    Although the company shares photos and videos of some of its mining facilities — for example that of Reykjavik, in Iceland -, the exact locations of the rest of its mining centers are not disclosed for safety reasons.

    Genesis Mining is possibly the number one cloud mining company in the world, something possible thanks to the capacity of its founders.

    Nuvoo

    NuVoo Mining is another of the main mining companies in the network. It is a Canadian firm whose purpose is to provide necessary tools to generate cryptocurrencies in the cloud.

    This company has a good location for its mining activities (Montreal, Canada), which translates into a lower cost of electricity. In the end, those benefits reached the client who now enjoys hash energy plans with no electricity costs to pay.

    As soon as we register with this company, we receive access to the high-level security web panel from where we can manage our NuVoo services. The interface is extremely wide and detailed. Also, the company has taken as a priority to invest in security systems to protect its customers.

    CCG Mining

    It is another company dedicated to cloud mining. Founded in 2016 during the outbreak of cryptocurrencies, CCG Mining seeks to satisfy users who wish to mine in the cloud with low investment and very little money. CCG presents us with the option to mine different cryptocurrencies.

    It is a very stable site and there are strategies that we can apply to improve performance and maximize earnings.

    Its interface is very simple, so it is a good option for the inexperienced.

    This company is one of the new players in the market which can carry certain risks but also many opportunities.

    The million dollar question: can mining make me rich?

    To be honest, we cannot promise you that you will get rich by investing in cryptocurrencies. However, there are no bad expectations in the future and it is likely to generate many profits if you have the constancy, dedication and resources.

    There are a lot of success stories in these types of investments: it is certainly something worth considering.

    As we have talked throughout this article, as time goes by it will be more complex to get into the world of mining. Therefore it is best to seize the moment.

  • How to Make Money on Dash

    How to Make Money on Dash

    Have you ever heard about Dash? Well if you’re in a search to increase your earnings, you could always try the cryptocurrency market. If you haven’t deeply researched this field, you still might have, at least, heard of numerous people, maybe one of your acquaintances, getting rich from transactions with Bitcoin. Maybe you consider that Bitcoin equals cryptocurrency. Bitcoin’s wide spread fame is true only for a general audience.

    However, when you want to approach this area you will be amazed of how many cryptocurrency options are there. Among them, of course, the cryptocurrency named Dash. Not so famous, but very efficient. And this is our focus in the paragraphs below. Dash is quite interesting and it is worth our, and your, attention, and for sure, your earnings will thank you for that.

    There is a full market out there of cryptocurrencies for you to “play” with, to experiment and to find new interesting ways and techniques of turning them into a long-term income.

    Who is Dash

    So, let us explain in detail, who is this not so well known Bitcoin brother. Dash is an open source cryptocurrency launched in 2014, which will deliver solutions very easy to use and to measure. It is newer than Bitcoin, so it became very popular among young people who enjoy cryptocurrency transactioning and especially mining. Open source, means that Dash has been developed with a technology and software which are built, tested and improved through a close collaboration with the direct users. And it also continues the improvement process, keeping this user-relationship very close.

    Dash Features

    Dash has a lot of features in common with Bitcoin and some of the other consacrated cryptocurrencies, on the exchange market. However the main characteristic that you will find useful, is their ability to deliver a digital cash-equivalent equally valid amount, via the Internet. They all allow you to purchase and operate with blocks for each transaction (the blockchains will keep a score on all transactions within the network).

    Similar to Bitcoin et co., Dash will keep your name, address and other details anonymous. As you are under no obligation to reveal personal information.

    There are, however a series of major differences from Bitcoin and the other cryptocurrency. We include here the system management, its speed, as well as the cost. And all these elements are way up in the favor of Dash. Maybe because this is a newer currency, and was launched after a more thorough and deep research made on: the already existent market, the users needs and complaints, the new hardware and software technology. Dash also benefits from wider networks and already specialized actors on mining field, as well as from a general improved know-how of cryptocurrency systems.

    We want to mention yet another essential difference from Bitcoin. Dash has no public transactions.

    How to Make Money on Dash

    Although the currency is the new-generation, the manner in which you can get money with Dash, is a classic one. Well, classic in terms of cryptocurrencies, at least. New Dash cryptocurrency is created by mining, the consacrated manner for all good cryptocurencies. Mining, the all-time secured way to recompensate participants to transactions whithin blockchain technology. The time required to mine Dash is below two and a half minutes.

    The new Dash mining systems have a very clear structure, recompensating all participants according to their level. Therefore, keep in mind that there are three definite groups: miners, masters and development team.

    Each will gain as follows:

    Miners will receive at least 45% recompensation, which ensures a good participation number of brains and computers, taking their role within the blockchain process.

    The masters, or masternodes receive also around 45% of the currency. Masternodes are the so called Proof-of-Stake algorythms. They are different from the Proof-of-Work used by Bitcoin. Masternodes (and their PrivateSend system) will allow a person to mine or validate blockchain transactions depending of the number of coins it owns. The big benefit, here, is that they reduce the number of nodes required to approach a transaction. Thus the total cryptocurrency amount is managed with increased ease.

    And third, the development team, which includes also a marketing and client support service, will get the rest of around 10%.

    Dash Benefits

    From the very start, Dash intended and worked on achieving an improtant improvement to what cryptocurrencies already on the market had to offer. Its creators have as their main goal to bring a plus to all Bitcoin defficiencies. And the market, so far, proves them right.

    · Dash guarrantees strong encrypting characteristics in order to make its blockchains’confidentiality phylosophy a reality. This is achieved by means of a PrivateSend option.

    · In terms of speed, Dash is incomparable to Bitcoin. You will be amazed with these numbers. Bitcoins has a speed of 10 minutes or even more to finalize a transaction. However, Dash brings in a reaction to a similar transaction in only 4 seconds. Yeah, you heard it right! The difference is amazing.

    · In the management area, Dash is also impressively different. It offers a clear manner of incorporating changes for currency development. There is no need for the so called „hard forks” (meaning the implementing of two different solutions). As it was the case with Bitcoin and its Bitcoin Cash. The solution brought in by Dash is a voting poll system, which enables a fairly faster change implementation.

    · Cost is the other element which makes a visible difference to the other cryptocurrencies. For Bitcoin the transaction fees go around 6 USD, whereas Dash succeeded in reducing these fees to just a bit over half a dollar.

    Will Dash increase its value furthermore?

    Dash is a quite stable and secure cryptocurrency. After the launch in 2014, it went up slowly until 2016. Then it has been blosssoming since 2017. During that year, Dash surpassed te value of 100 USD and reached an hystorical height of 1600 USD. Then it stabilized around 330 USD. Which randers Dash a well established and safe cryptocurrency to invest in, these days.

    What is your future with Dash?

    Dash seems to have found a good niche on the cryptocurrency world. Its focus on youth, promptness, privacy and ease, makes Dash’s forecasts, worldwide, quite encouraging. If you decide to invest in this cryptocurrency, you will become directly involved in the developmemnt of a versatile and promising system. You will personally contribute to your own succes with Dash, but also to Dash market as a whole.

  • How to Make Money on Monero

    How to Make Money on Monero

    Out of a vastness of cryptocurrencies, available at just a click, how will you choose the one/or ones, to start investing in? Well, first of all you must be sure that you really trust this type of activity and market. And if you are not sure about this, we just want to remind you that there are so many individuals who simply got rich on it, in the last 10 years, by standing at their PC.

    This is why we are presenting you a very interesting and rooted cryptocurrency, called Monero, and we can tell you, by now, that it is worth your attention.

    Who is Monero

    There is a wide cryptocurrency world, out there, and almost each day a new one appears. This is a reality especially after 2017, that brought the big cryptocurrency boom. However some valuable non-Bitcoin cryptocurrencies got consacrated and grew solid roots even before that year. This is the happy scenario with Monero (or XMR) who was launched in 2014, as an alternative to Bitcoin, and proved to be quite a long-run competitor. It was designed, and came in the game, with the market asset of confidentiality. Its creators designed Monero to focus on all aspects of confidentiality, so everything around XMR, features, advantages and benefits, issues, all start with confidentiality.

    Monero is an open source cryptocurrency based on blockchain transactions, just like Bitcoin. It holds the same technology logic as the majority of cryptocurrencies. The delivery of a public registry for all transactions takes place within the online system. As per Monero representatives, they proudly let everybody know that a group of 240 developers contributed to its design and improvement, in a close collaboration with representatives from the users group.

    It was intended to hold back transparency, as we mentioned before, for the privacy of all users, around the world. XMR system hides the expeditors’ and receptors’ identities, as well as the amount of each transaction.

    Monero Features

    As opposed to Bitcoin, Monerro guarrantees a higher degree of confidentiality, because all its transactions are well hidden. In order to better understand how this is possible, and feel safe on your decision to invest in XMR, we want to remind you the way things go, by comparison. Bitcoin has limitations regarding privacy and intimacy, even if it uses fake names and addresses. Because all this data is recorded in the blockchain, which makes it traceable and publicly available. This means a vulnerability of data risk to be linked with the real name of somebody.

    And here comes the Monero asset, which hides its transactions by encryption. Thus it ensures the protection for all addresses and amounts that are being transferred. Practically you will deal with fully XMR hidden transactions, thus integral privacy when choosing this cryptocurrency.

    How to Make Money on Monero

    If you choose on giving Monero and your earnings a chance, you will enter the fun, fascinating world of cryptocurrency mining.The same operation with the most cryptocurrencies out there. For this action you have at your disposal a wide range of cloud systems that will rent you computing services and protection in your dealings with cryptocurrency.

    XMR mining does not require a specific hardware equipment, you can do it from your usual computer. It works with all platforms: Windows, Android, Linux and macOS.

    Just like Bitcoin, it uses a Power of Work (PoW) algorithm (which requires validations from all nodes in the network). It is versatile and accessible to all types of miners, either big mining centers, or individuals. This system does not require a high processing speed, so any standard computer will do. This is one of Monero’s advantages as compared to others.

    The compensation for mining XMR is a so-called „permanent reward”. This means that you will always be rewarded a minimum of 0,3 XMR even if you don’t get results. Then this reward increases as per your mining success. As XMR has a PoW algorithm, in order to be rewarded you have to be the first to solve tha hash (the digit code).

    XMR Benefits

    The high confidentiality levels make Monero a cryptocurrency with many benefits on the market, weather you are a professional player intending to get rich on it, or a hobbist who aims at getting extra earnings.

    · Unlike other cryptocurrencies, one unit XMR is interchangeable to any other. Yes you might be surprized, but this is nolt actually the case for all cryptocurrencies. It doesn’t matter what Monero coin you will get, there are all the same. To clear this issue even more, please find out that Bitcoin units are registered on a blockchain that shows transaction hystory and they can be associated with certain events, either positive or negative. Thus, in case of Bitcoin, but not limited to it, there is the possibility to have some units less valuable than others. On the contrary, due to its hidden/confidential blockchain technique, nobody can make a distinction between one XMR coin or the other.

    · XMR has a fast time respone. It generates one block in arround 2 minutes. (Which is far better than the 10 minutes required for Bitcoin). So your mining productivity and your gain will substantially increase.

    · XMR is a cryptocurrency with a limited amount of units, thus it is inflation-proof.

    Will Monero increase its value?

    XMR had a slow and equally low start. It reached only a 0,25 USD in 2015, however it really blossomed in 2017, went up to 65USD and then, finally to 475 USD at the end of 2017. It stabilized around the value of 200 USD and it remains at this level, still.

    As XMR is a deflationary cryptocurrency it can benefit a lot from the network effect, thus its price has high chances to go up, due to increased use.

    What is my future with Monero?

    So far Monero really kept on strengthening its position as a queen on the niche of confidentiality, within cryptocurrencies market. This provides it with the best forecasts there is. It is stable, safe and very robust on the market. Though it may not generate boom moments, it is recommended for a long run, having a quite stable pace.

  • How to Make Money on ZCash

    How to Make Money on ZCash

    No matter your experience with cryptocurrency, we support you to try entering on this type of market. Or if you already have some experience with this, we support you as well, to develop your skills in this specific area. And that is because we really consider cryptocurrency mining on clouds as a good and solid way of increasing your earnings, and even getting rich in some situations.

    For that reasons, we want to present you with alternatives to the all famous cryptocurrency Bitcoin. This is not the only one on the cloud system mining cryptocurrency market. Moreover, you will discover that there are a lot of cryptocurrencies equally effective and profitable, or even some with advantages over Bitcoin in several areas.

    Among these alternatives, there is ZCash (ZEC). It caught our attention with its many benefits and we are thoroughly reviewing it in the following lines. Here is why and how is advantageous to make money on ZCash.

    Who is ZCash

    ZEC is a crypto project that started with the idea of Zerocoin/Zerocash , which was first suggested in 2013. However Zcash was launched in october 2016, being a Bitcoin fork, meaning extracted from Bitcoin. This makes it fairly similar to Bitcoin system.

    However ZCcash has two transaction types: public and private. This is exactly the feature that separates it from Bitcoin and brings it a big plus. The public transactions are based on the same technology system as Bitcoin. When you download the official ZEC wallet, you will immediately see that you get access to a public address (t-addr) and a private address (z-addr). You can choose between the two transactional types.

    For the Bitcoin-like transactions, you will deal with fully transparent and public transactions.

    The Zcash confidential feature becomes active only if you choose it on purpose.

    ZCash Features

    ZEC is a fairly interesting cryptocurrency, and distinctive from so many others, even from Bitcoin. It has an interesting partnership with JPMorgan via the open source project called Quorum. Its top confidentiality technology might even be soon implemented for other cryptocurrencies’ networks and blockchains. And there is a general assessment from cryptocurrency system’s specialists that it will get a capitalization of 960 Million USD.

    ZCash grants you full control over the information that you want to share. You can use payment disclosure and special viewing keys to share a certain transaction detail with third parties of your choice for compliance or audits.

    How to Make Money on ZCash

    Zcash is a decentralized currency. This transcribes in the fact that there is not a central point or a sole administrator for this cryptocurrency. You have numerous opportutinities and offer packages to mining on all the cloud services out there. All these cloud systems work similarly and your participation takes place, more or less in a similar way. As a miner you are the one to process and verify all the transactions, whereas the platform will rent you the computig power and security protocols. Your job is to focus on supervising markets and choose a pool where to mine on. Thus your own and each participation is of utmost importance.

    As ZEC is a finite amount cryptocurrency, its market value will increase with the increase of transactions and nodes in the network. So yes, don’t be surprized that your participation to the mining community will reward both you and the entire mining community.

    The blockchain and each respective network follow only the already protected amount of coins, and there is no interest for whomever reveals another number of coins. All coins enter at once, and whenever somebody extracts a small amount, there is no manner to correlate it with the initial quantity. This makes Zcash somewhat vulnerable.

    Mining on Zcash will bring you rewards which equivalate to a certain amount of ZEC coins. You can use ZEC to purchase goods and services, you can exchange it for other type of currency, like EUR, USD, and other, with the special authorized exchange operators.

    ZCash Benefits

    · ZCash uses a cryptographic tool which is called Zero-Knowledge Proof (zk-SNARK). This is how users are able to perform transactions without having an obligation to reaveal any of their identities or data to the transactional partner. This system makes the blockchains untraceable by hidding the addresses on both sides, as well as the amounts delivered. The data on blockchains are shielded so it’s almost impossible to go towards the real identity of the transaction. This is a major difference from Bitcoin, as well as from a lot other cryptocurrencies, which have public databases with transfers and addresses. The Zero-Knowledge Proof ensures the high degree of fungibility, and since the two parties involved are anonymous, nobody can reject the coin payment.

    · Such a strict confidentiality is benefic especially for companies that want to hide their info from competition, as well as for the already rich miners that do not want their activity and strategy to be puiblicly exposed.

    Will Zcash increase its value furthermore?

    These days, Zcash amounts around 50,68 USD, and has a transaction volume within 24 hours of 359.444.265 USD. Its reserve in circulation amounts 9.1 Million coins. As all respectable cryptocurrencies, it reached its pick in 2017, to an amount of 800 USD for one ZEC. And then it stabilized. ZEC is currently in a decreasing trend, so this is a good period of time to invest in it, because the forecasts are that it will grow again on the long term. As the market includes a total number of 21 million ZEC, it is estimated that it will last untill 2032 to discover all the existing coins. So here is some very interesting data for you, that strongly indicates why ZEC is such a good investment option.

    What is your future with Zcash?

    Due to the high confidentiality level with ZCash, this has become and will continue to be strong in its specific niche, a very good asset for companies or individuals that want to protect their data, their trade secrets and tactics, and everything else of private importance. So, ZEC is a cryptocurrency that already proved its worth, and will continue to be a strong partner for you on the cryptocurrency market.

  • Safe Currency — exchange cryptocurrency for cash

    Safe Currency — exchange cryptocurrency for cash

    Exchange service at safecurrency.com

    About safecurrency.com:

    Safecurrency.com is a website that that provides service of exchanging crypto currencies for real money. Its headquarters are located in Germany. However, they are associated with LLP, a private limited company incorporated in Wales and England.

    Their number is OC421760 and their registered office is 20-22 Wenlock road, London. England. The reason why I am mentioning this company it’s because contracts and services that are provided with safecurrency.com are in association with this firm and have a high connection value. Services that are provided on Safecurrency.com are only eligible for users and clients who are above 18 years of age. Also, they cannot provide service for clients that are located in any country or residence that is embargoed by the United States of America and if use of service would be illegal or otherwise confront and obscure any applicable law.

    Known associates and partners: Crassula, PAYSEND, Cauri(Payment System)

    How does the process of crypto exchange work?

    This process allows you to exchange any cryptocurrency to another. Exchange fiat money in the crypto, or coin in the money. Currencies set the exchange rate for crypto. The cryptocurrency rate is usually determined by the actions of both buyers and sellers, although there are some different factors that can sometimes affect the current value depending on the market.

    Crypto exchanges can have different variety of functions and options. Some are being made for prompt fiat-crypto exchange and some are made for basic traders. Crypto-exchanges that are created and designed for normal traders, allows you to buy a cryptocurrency and sell it with a lower commission fee, than on crypto to fiat exchange option. Also, trading markets(platforms)are designed to charge you fees for use of withdrawing money from an account u are using at the moment.

    In conclusion, crypto exchanges are working very similarly to regular stocks exchanges with some minor differences. The major difference is, on a stock-exchange, people that trade can buy and sell a variety of assets, shares in order to earn an income from their changing-rates on which they are working. On the other hand, on crypto-exchanges, merchants use the cryptocurrency pairs to accumulate an earning from the volatile currency that has a high rate at that time.

    Exchanging cryptocurrency to money at safecurrency.com

    The way of exchanging cryptocurrency to money(cash out) requires a few steps that need to be done in order to efficiently complete the process.

    The first starting step is to create a wallet that u can store your cryptocurrency. There are few types of wallets, and they are created to meet your demands and needs. Hot wallet, cold wallet, and software wallet. Each one of them can provide you with needs to exchange your cryptocurrency.

    Once u have finished creating your desired wallet u need to store your cryptocurrency on it. Converting cryptocurrency to money(cash)is actually the real crux of the crypto economy, and it’s pending its adoption, as it is directly referring to in real life value.

    At the time this article is being written, no bank provides “convert cryptocurrency into cash” service. Some companies are offering nearly similar services, but they are very stuck at the begging point and most of them are still in the developing phase. An option that is cheapest, convert cryptocurrency with safecurrency.com for USD, Euros or your state currency.

    Safecurrency.com provides services of exchange in the USD, Euro, GBP, UAH, and RUB.

    When starting your exchange, going through a process of verification is required from you. Send an identifying document and a received bill. In some specific cases, your account at the bank will need to pass the transaction test for confirmation and identity of it.

    Deposit on safecurrency.com: A wallet-to-wallet transfer

    Once you have finished creating an account on safecurrency.com you will currently have an approach to your wallet addresses. Displayed and accessed wallets are your ownership, and they are helping you to exchange your cryptocurrency into real cash and then finish the process of transfer from wallet to your bank account. Now you just have to use currency from your previously created wallet and transfer it to the one you own on safecurrency.com.

    Depending on the type of wallet u have, find the fastest step to transfer cryptocurrency that is standing on your wallet by finding and pressing the send button. This is the primary function of your wallet, it should be very easy to spot it.

    At this point, you will be asked to input the address. The destination address of the wallet is the one that u have on safecurrency.com. Be precise when giving an address to give the right name for the correct asset. A Bitcoin address only for bitcoin address of the transaction. Ethereum’s value for an Ethereum transaction only etc.

    Type it in the required place, type your address of the wallet that is storing your cryptocurrency at the moment.

    Double-check everything u entered, everything you have typed. Just to make sure that the required data and addresses that are being displayed on your exchange account are the ones u will be using.

    Press send. The transaction usually completes in a few seconds or up to a few minutes only. It can take a bit but not too much more time and u can always see how’s your transaction going by clicking it with your ID of transaction in checking part of site.

    After the process has finished you should have received the requested amount that you sent to the website-exchange part. It will appear in your cryptocurrency wallet. U will also receive a confirmation email that your transaction has been completed. This process is a lot faster on safecurrency.com because the company always has stored cryptocurrency for this kind of service,

    In conclusion, the process of exchanging cryptocurrency to cash can be seen as a conversion, you are going to sell your currency for a fair amount of money. Simple ways of trade.

    If you would like to exchange bitcoin to USD, you have to find the BTC/USD market on safecurrency.com. If you are going to start converting Ethereum to Euro, you must find the Eth/Euro market, etc. The same thing goes with LTC, BCH, ETC, DASH, XMR against GBP, HKD, CAD, AUD, JPY, etc. Locate the exchange part that suits your requirements and needs.

  • How to make money on Ripple

    How to make money on Ripple

    As we want to enter an in-depth analysis of cryptocurrency widely known as Ripple, and of the ways that you could make a lot of money with it, we need to make a clarification right away, before starting new detailed paragraphs.

    Ripple is just the name of the company that produces the etoken called XRP. You will see that generraly people reffer to Ripple as both the company, the system, and the cryptocurrency. However if you want to enter the world of cryptocurrency and get your earnings high up, either prpofessionally or just like a hobby, than you must be well aware of the fact that XRP is the actually cryptocurrency to purchase. So when you want to increase your earnings on the cryptocurrency market, and go beyond the all so famous Bitcoin, you could just try on this very interesting XRP coin from Ripple.

    Now let’s see exactly what is with this crypto coin, which became a tough competitor for the other cryptocurrencies like Bitcoin.

    About XRP

    Ripple company was founded in 2012, on a market when the cryptocurrencies were not new, however they did not have yet the success that we all know today. Ripple Lab is a US-based technology company. They have developed a whole system for real-time gross settlement, currency exchange and remittance. The currency they created is called XRP, which works with an open source protocol.

    Since 2018, XRP has become the second largest coin by market capitalization.

    The company behind XRP uses a common shared database, a distributed one which is storing all information about all the Ripple accounts.

    Ripple was named in 2014 by MIT Technology Review as one of the smartest 50 companies in the world.

    Ripple System

    They have developed a network that isn’t actually transferring money from one place to another. They just transfer the equivalent of it. For one transfer, at least 4 members are involved: the sender, the recipient, one dealer, and another dealer.

    Gateways. These dealers are called Gateways. A Ripple gateway is usually a financial institution. The network is very wide, and not all actors in it know each other. For this to be functional, Ripple connects each gateway with all the others through chains of trust.

    Chains of trust. These are links between two gateways that trust each other. There also can be indirect links of trust. They transfer transactions information to each other by use of https, with protocols that are also used by the banks for their money transactions. After the transaction, within only 3-4 seconds from the payment, the Ripple network notifies and updates the gateways and their lodgers. After the transaction, the tokens are destroyed, thus the XRP remain solely at their beneficiaries and holders.

    Making Money with no Mining

    Ripple has issued a fixed amount of XRP, amounting 100 billion tokens which are in rotation. The company hold 60 billion in escrow and 1 billion coins is released per month.

    Unlike most cryptocurrencies out there, XRP does not involves mining. All tokens are premined, so they can be traded with a minimum of transactional cost.

    The network is managed by numerous independenty validating servers that constantly compare their transaction history. Servers can belong to anybody anywhere in the world, including banks and cloud server networks. Ripple instantly validates accounts and balances for pasyment transmission. The payment notifications are delivered as fast as the other processes, speed being one of the main assets of the entire Ripple philosophy and procedures. The only delay involves a few seconds.

    Payments are irreversible, there are no chargebacks.

    Regarding the energy consumption, running a server on Ripple is quite comparable to running an email server. So you can become a Ripple participant without an impressive investment. Or you could even rent the computing power from the specialized cloud servers out there.

    However the Ripple network can be used for any type of other cryptocurrency, not just for XRP. When Ripple system can’t find a chain of trust between any of the two gateways, in its place they can secure a transaction between two gateways with XRP.

    The fees for any transaction within the Ripple network are variable and dynamic, based on demand. This is an anti-spam measure. Thus you can feel safe while transacting XRP. And the best news is that the XRP transactions continue to get even safer by the increase of the network size.

    So you can get directly involved in XRP Ripple transactions and you will contribute to the increase of security and decrease of fees, as long as the transaction volume goes up.

    Verification of transactions

    Unlike the mining process for most of the cryptocurrencies, the Ripple system works on a consensus protocol. The system is a peer to peer one, which means the participants are all connected to the network. There are no multiple networks. Some of the participating devices play the role of making and receiving payments for their users (the sender and recipient), whereas the other participants have the role to validate based on the consensus protocol (the gateways).

    The work of a validator gateway is to check up the ledger for a respective transaction, meaning the situation registered for the transaction within the network. Then it has to agree to this current state of transaction by use of the Ripple Protocol Consensus Algorithm (the RPCA). The validation process requires a certain number of consensus “yes” votes, meaning 80% agreeing on a specific transaction.

    The Future of Ripple

    The price of XRP continues to grow, and the forecasts say it will continue the ascending trend. Based on this market success, the company Ripple is planing on extending its services. They also intend to maintain their investments in creating faster transactions, and to back major financial institutions.

    The price of XRP coins, as well as the transaction fees, are lower than those for Bitcoin or other cryptocurrencies, which makes XRP ideal for cross border transactions.

    Cryptocurrencies, in general, are these volatile tools that will highly fluctuate on short-term, so you need to take on a strategy that is centered on this knowledge. Ripple XRP is a cryptocurrency and a company with a lot to offer especially on a long run.