Decentralized cryptocurrencies such as bitcoin, ethereum now provide an outlet for personal wealth that is beyond restriction and confiscation.

Beginners Guide: What is Bitcoin?

What is Bitcoin? Released as an open-source software in 2009, Bitcoin is often credited as the world’s first cryptocurrency and is best defined as a digital currency that only exists electronically. Bitcoin is decentralized, meaning it doesn’t have a central issuing authority or political institution that controls the amount of bitcoin in circulation. But the Bitcoin platform is far from anarchy.

What is Ethereum? | The Ultimate Beginners’ Guide

Ethereum vs. Bitcoin If you’re interested in Ethereum, chances are you have some sort of foundational knowledge of Bitcoin. All cryptocurrencies inevitably get compared to Bitcoin, and it frankly makes understanding them much easier. Bitcoin launched in 2009 as the world’s first cryptocurrency, with the single goal of creating a decentralized universal currency. This currency would not require any intermediary financial institutions, but would still ensure safe and valid transactions. This was made possible by a revolutionary technology called the “blockchain.”

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BitScreener- Financial Data Ecosystem Supported by Blockchain

 
A decentralized project with profitable value for potential investors or investors is one project that will increase rapidly, given the fluctuation of changes in digital assets at the beginning of this year has increased significantly. This network definition uses a somewhat unique theme from other blockchain platforms around the world, having a balance sheet value and an investment process that has profita value that exceeds the capital required in modern digital asset trading. BitScreener is a blockchain platform that introduces for the first time a unique creative idea in the economic market of symbolic economics that you can trade privately on a digital exchange platform for assets.

BitScreen is now at the beginning of the year a crypto company with certain characteristics, with a lot and high crypto-market trading that dominates the market. BitScreener partnership Being one of the big companies that will be very successful in the future. Trading in the world of cryptocurrency never escapes the fluctuating rise of the dollar and the exchange of coins, this is a natural thing felt by crypto trading companies. In addition, the company has no creative idea that the system can avoid investment, of course this is a disaster that can be fatal with the destruction of the company. A decentralized investment fund on a blockchain platform for investors worldwide is an effective philosophy offered by this platform. With the vision and mission of the concept of mutual benefit between the project owner and the token owner. With so many markets in the world of cryptocurrency this year that competitors from many companies acting or trading must have more unique functions and creativity, this could be one of the success points that the crypto trading community can achieve.


Based on a successful BitScreener Application, the team built integrated cryptocurrency and stock tracker platforms supported by blockchain. BitScreener will integrate separate data space shares and cryptocurrencies into one platform, allowing traders and investors to track their investment across domains seamlessly. At the same time, writers and researchers can contribute new content to the system for rewards. BitScreener utilizes a blockchain incentive mechanism for user engagement and content quality. Visualization tools (graphics, tables, news, etc.) From the data subsystem support the author to create new content easily within the platform.

Two decentralized data subsystems and content from this system are combined together, making BitScreener a unique ecosystem that evolves over time. BitScreener aims to track 2,000+ cryptos, 100,000+ shares and thousands of other equities around the world in real-time for its community.


BitScreener, one of the best real-time crypto-tracking platforms, has served over 1.2 million traders and investors worldwide to track their investments since launch in 2017. It now integrates the financial data of crowdsourcing and content ecosystems in blockchain through BITX tokens . BITX serves as a payment method for financial traders and investors to purchase advanced data services and incentive methods for contributing ecosystem values. BitScreener will become the financial data market for professionals and financial engineers to monetize their investment knowledge. The full ecosystem aims to track and analyze 100,000+ shares worldwide along with existing crypto 2000+ in one platform.


BitScreener a new trading platform based on successful blockchain methods that show the market and change the functioning of the financial ecosystem. This system uses its platform as a way to support the trading process for some fantastic asset types. In addition, this platform also uses known cryptocurrency known as Token trade. The developer hopes to create a large liquidity target that enters a Token transaction to help the token holder. The goal of this platform is to become a leader in transforming various financial assets with blockchain technology. Once you've decided to participate in this trading website, I'm sure you can continue to invest with the founders of '

For more information

ANN: https://bitcointalk.org/index.php?topic=3354336.0

Author: Ethan101
BTalk URL: https://bitcointalk.org/index.php?action=profile;u=1083885
Donate ETH: 0xB98f5f1C3d1461aC3A456B109DA47ec907C4D5e4
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FTEC - First Trading System 2018


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FTEC is a biological system of smart administrations and neural systems for directing viable exchanging exercises on digital currency markets.

Our worldwide mission is to decrease the quantity of amateurish brokers.

The thought behind this undertaking is clear and basic: to make a comprehensive biological system that will contain all the fundamental apparatuses for clients with any level of involvement and information in the field of cryptocurrencies.We as of now have as of now running activities in light of calculations for programmed exchanging on cryptomarkets, they gave us an awesome and important experience and in this way we proceeded onward to satisfy more yearning objectives.

Issue

The key issue we looked in building up our first exchanging calculations was arrange book confinement on trades. So if programmed module finds a circumstance when the client can get a benefit available, it likewise needs to characterize a line of individuals for whom buy and deal will be made. As cost is certainly not a steady esteem and the cost of further buys increments after the buy of the principal client (since purchasing request has risen), the following client will purchase at a greater cost.

Arrangement

Right off the bat, measure of issued tokens is steady. In this manner, the likelihood of extra token outflow is exchanged. It implies that each token holder can make sure that he can deal with a piece of tokens he purchased.

Furthermore, also, we will have a chance to frame a specific line of clients as a result of uneven circulation of tokens between holders.Image result for ftec sale photo

Development roadmap

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Visit Website : https://ftec.io/en
White Paper : https://ftec.io/en/whitepaper
Ann Thread : https://bitcointalk.org/index.php?topic=3161171.new#new
Facebook : https://www.facebook.com/FTEC.Foundation/
Telegram : https://t.me/FTECofficial
Twitter : https://twitter.com/ftec_found


Autor: Ethan101
Bitcointalk URL: https://bitcointalk.org/index.php?action=profile;u=1083885
ETH Address: 0xB98f5f1C3d1461aC3A456B109DA47ec907C4D5e4
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[FTEC TOKEN] - FIRST TRADING ECOSYSTEM ✅ READY PROJECT

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FTEC makes another biological system for cryptographic money exchanging. They join neural systems and clever administrations to empower dealers to have successful procedures for exchanging cryptographic forms of money. They need to make instruments that everybody can use to make more effective and beneficial exchanges. The whole FTEC biological system will comprise of fifteen unique arrangements. These arrangements are intended to enhance the effectiveness of exchange, spare time, enhance exchanging methodologies, limit hazard, acquire data about current patterns and concentrate the attributes of exchange.

Here are a few insights about the highlights of the biological system. A canny exchanging framework can consequently exchange utilizing test calculations. The client can choose one of the astute exchanging modules and select as far as possible and trade. At that point, while interfacing the API key, the module assigns exchanges in light of the chose calculation.

Another component is the versatile social associate. For this situation, clients can choose represents following. It can be things like industry pioneers, stock trades, devotee pages and venture pages. The client would then be able to choose a rundown of catchphrases to track. At the point when these watchwords show up on the observed pages, the client can get warnings. They can be utilized to settle on exchanging choices.
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There is likewise a conduct investigation module. This module can dissect clients of past exchanging history and give suggestions on what should be changed to get more positive outcomes. A case of a suggestion that a module can make is that you leave exchanging too rapidly in 80% of the time. This can make the suspicion that before leaving exchange will have an objective rate of 3 percent higher.

These are only three of the immense highlights of the FTEC biological community. In the biological community there are some more. To take in more about them, you can see the connections at the base of this article.

Development roadmap
ftec2.png
Visit Website : https://ftec.io/en
White Paper : https://ftec.io/en/whitepaper
Ann Thread : https://bitcointalk.org/index.php?topic=3161171.new#new
Facebook : https://www.facebook.com/FTEC.Foundation/
Telegram : https://t.me/FTECofficial
Twitter : https://twitter.com/ftec_found


Autor: Ethan101
Bitcointalk URL: https://bitcointalk.org/index.php?action=profile;u=1083885
ETH Address: 0xB98f5f1C3d1461aC3A456B109DA47ec907C4D5e4
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FTEC TOKEN - THE FIRST TRADING ECOSYSTEM FOR CRYPTOCURRENCY

Introduction

Ftec can be characterized as a biological system of smart administrations and neural system for leading huge and viable exchanging exercises on the digital money markets. The stage is planned in an approach to gives verification of the presence of the different business opportunity inside the digital money industry. With the assistance of the biological system, ftec offers financial specialists an inside and out presentation to the US-based diverse innovation firms at the least charges in the market, it additionally infiltrates into the expert and business sub-enterprises that individuals for the most part disregarded. Ftec stage is the best perfect for both experienced and the novices in the crypto-world.

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Method OF OPERATIONS

The principle motivation behind charges is to furnish venture returns as per the usefulness of MSCI data innovation file, with the assistance of this data innovation, the ftec stage gets the opportunity to put resources in the security showcase in the interest of the investors.the stage consequently place speculators in a biological system of similarly invested people. Ftec stage is exceptionally efficient to offer the much-anticipated productivity in all the exchanging exercises in this manner sparing the speculators time as per the designers of the stage. Every one of the financial specialists can likewise profit by astute contract empowered exchanging frameworks set up that guarantee the clients securely and secretly.

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They are numerous clients who have different digital currency accounts, these sorts of people get helpful portfolio administration and furthermore access to quick exchanges inside the biological system. The clients can likewise profit by the steady value charge notices to know the perfect time to exchange. This specific element of knowing the perfect time to exchange is an uncommon element on the stage. The colleagues of ftec stage help in the best possible examination and typical investigation of the different crypto exchanging highlights to help in the change of administration conveyance and furthermore impact venture decisions of the ftec stage. The ftec stage clients have distinctive help includes set up that assistance them to guarantee smooth stage exercises and furthermore the clients pick up strategize exchanging choices that assistance yield better outcomes. Through the technique for directing irregular rivalry examination, the ftec stage picks up the genuine commercial centers circumstance that keeps the ftec clients over the opposition. Ftec gives clients redid administrations with the assistance of client conduct examination device and the worldwide value investigation gives them data about better exchanging days, due to the decentralized idea of the ftec stage, it deals with all security and straightforward subtle elements that improve the implantation set methods, along these lines limiting dangers in the ventures fields.


Image result for ftec sale photo

Visit Website : https://ftec.io/en
White Paper : https://ftec.io/en/whitepaper
Ann Thread : https://bitcointalk.org/index.php?topic=3161171.new#new
Facebook : https://www.facebook.com/FTEC.Foundation/
Telegram : https://t.me/FTECofficial
Twitter : https://twitter.com/ftec_found


Autor: Ethan101
Bitcointalk URL: https://bitcointalk.org/index.php?action=profile;u=1083885
ETH Address: 0xB98f5f1C3d1461aC3A456B109DA47ec907C4D5e4
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THE GREENBIT TOKEN


A digital instrument that gives holders the right to acquire agro goods and services and trade same in the crypto currency exchange market.

The Central Farm Network (CFN) a network of GREENBIT token holders which offers its holders a residual profit-sharing from the central market and farm revenues up to 45% monthly.
Agro block: it’s a decentralized online market place with the use of GREENBIT Token platform for connecting agro farmers, investors, merchants, industries and consumers in one market, creating trust, swift transactions processes and all in one market.

Escrow Proof: It’s the third party that monitors the compliance with the obligations between GREENBIT and its Token holders (investors) with assurance and protection of secure transactions and project actualization.

The company receives a guaranteed repayment at a certain stage for the implementation of its projects, the investors minimize their risks in the event of cancellation of transaction or fraud and a third-party which is the escrow agent, ensures absolute commitment of obligations with smart contracts and is responsible for its proof-of-stake and reputation.

Cryptoagronomy: a socio- economic relationship in a decentralized digital society based on using network protocols and binding smart contracting on agricultural transactions.
It creates a decentralized environment that deals on digital transactions, digital assets and decentralized social security, crowd-funding system, online trust and reputation for agricultural transactions.

SUMMARY:
The Financial world is being disrupted and overtaken by the blockchain technology through the adoption of various crypto currencies. The old ways have changed and GREENBIT is developing a one stop market for economic and agro-allied businesses with a distinctive digital currency ecosystem.

GREENBIT is designed to create worthwhile tokens through the global agricultural economy and build a platform for the world agricultural processes to run and have its own ecosystem in one market. How? Through a dedicated blockchain community!

GREENBIT is created to merge foods, healthy products, strong universe, jet age advancement in technology, and at the same time leverage on the advantages of Agriculture, world Economy, and technological exploits.

GREENBIT is creating a crypto currency ecosystem from the orthodox agro transaction processes between agro-allied industries, industrial farmers, subsistence farmers, merchants and to the least consumers. This will give chance for swift transaction through agro mobile payments and easy location of agricultural goods and services in just one place. One Farm, One Market, One World, One Economy, and One Currency.

An Asset of the GREENBIT is THE CENTRAL FARM NETWORK which is adopted as an insurance to every token in the market. The farm is set up with auto increasing revenue that will be adding value periodically to every token holder’s asset (GREENBIT) in the market thereby increasing the value and capital base of GREENBI GREENBIT is a unique platform to integrate and shapen global agriculture to its needs through blockchain technology. Governments, Job centers and individuals, will be able to track the demand and availability of skills, goods and services gatherings from businesses.

PROBLEM SCOPE:

The agricultural market is the largest consumer market in the world, and this same market is forecast to reach $8.5 trillion by 2020. It is reaching a digital tipping point, with much of its growth to come from online. The huge challenge is therefore access and digital asset volume in an exponentially rising global market. Online agricultural dealings, being the target segment for GREENBIT Projects, is expected to grow from $1 billion market capitalization to 3.1 trillion in 2020, transacting about 30% of the market. Online food/health transactions alone being a target segment for GREENBIT, is expected to grow from $98 billion in 2015 to $290billion in 2020, according to IDG estimates.
Farmers Need Swift Market for Their Products:

There is a problem of inefficient and costly trade promotions and processes grabbed by retailers, wholesalers, and other middlemen. The big question is how can customers/consumers/investors be directly served and rewarded in a speedy, transparent and secured channel? How do they run on smart contracts and powered by the token as a means of reward and leveraging on blockchain full package?
Merchants and Consumers Need the Right Farm:

Merchants, consumers and investors need the right farm and market with best values. Each year, over $300 billion is lost as a result of bad agricultural trade processes not limited to promotions due to lack of a decentralized market for open transactions in real time. Unfairness in today’s agriculture laden atmosphere, go hand- in- hand with the rising costs of foods and agro products and the inefficiencies they produce. 95% of manufacturers admit that agricultural trade inefficiencies are an extremely important issue.

Farmers, Merchants, Experts and Consumers Must Exchange Values:

Furthermore, on the problem list, ineffective transactions space and process, costly and outdated agricultural trade systems practice, significant trade investments not getting to farmers and agro merchants and manufacturer’s sales.

GREENBIT is all out to tackle head-on the challenges of availability and facilitation of healthy foods and products across nations and where and when they are needed. The process is made easier and faster with their platform.

There is movement away from nature as the world pursues a hybrid Agricultural product and hence, health is greatly endangered. GREENBIT is really about green and healthy products and environment. This is what they stand for and die for at any time.

There is a huge untapped potential in the crypto currency advancement and technology which is highly profitable to their universe. GREENBIT is a unique revolution in this perspective as they explore options for huge Economic and Agricultural world impact.

SOLVING THE PROBLEM:

GREENBIT: Revolutionizing Global Agriculture with Blockchain:
GREENBIT is a trail-blazing blockchain-powered internet platform, with security and transactions tokens. It is about a blockchain-based economic and agricultural dealings platform with consistent and exponential increase in token value over time, backed by real entity called the Central Farm Network (CFN) using A blockchain Network of ERC20.

GREENBIT is implementing a decentralized ecosystem enabling consumers, farmers, Merchants and investors to save up to 35% on every transaction and at the same time extract value and real time profits using GREENBIT platform, and a physical asset called the CENTRAL FARM NETWORK.

For more information, please visit links below:

Website :http://www.greenbit.in/
ANN Bitcointalk: https://bitcointalk.org/index.php?topic=3273833.msg34130003#msg34130003
Whitepaper: http://greenbit.in/assets/images/GREENBIT%20WHITEPAPER%201.1.pdf
Facebook: https://www.facebook.com/Greenbitblockchain/
Twitter: https://twitter.com/Greenbit3?lang=en
Telegram: https://t.me/joinchat/G0DNf0UuWVvKv3JPxhSrww
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GREENBIT - The First Blockchain CRYPTOAGRO based currency

Hello to all and welcome to my ICO review . For those of you who don't know me yet, let me introduce myself. My name is Funke and I'm an experienced writer who enjoys what he does very much. I'm here to give you all the information you might need or want about the First Blockchain CRYPTOAGRO based currency. I plan to make them “easy read, to the point” because what's important to me is that we all comprehend and absorb the information and actually want to be here learning together about something new.
Today, let us all learn and experience together all about GREENBIT. If you don't know anything about them, don't run away, that's why I'm here, to change that within the next few minutes. Before I begin, I just want to quickly mention that I will be including LINKS so that YOU can do your own research or whatever you feel you need. I feel it's best to have all of the information in one place, in an organised manner, rather than dotted about the page making what you want hard to find or confusing. All these links will be put at the BOTTOM of this page to keep things easy.

GREENBIT is the first CRYPTOAGRO Blockchain currency, a decentralized market for Farmers, Traders, Groceries, Joint and Consumer Industries, with unique Ecosystem and physical entity trading on the world’s most traded agricultural commodities with over one billion employees. GREENBIT provides a decentralized payment system that can transfer these values ​​regardless of boarder differences. VISION
The GREENBIT Vision is to uniquely create value that attracts rewards through the use of decentralized, fully secured investments and a distinctive one-world, one currency and one agro trade platform.
Greenbit is a platform and network for full facilitation process in the following contracts and transactions;
Exchange of goods/products/values and services
Trading of currencies and commodities
Exchange of fiat currencies to crypto currencies
Running of portfolio on Virtual Farm investment options
Exchange of crypto-currencies
Executing consistent upward drive in GREENBIT coin value
Attracting huge investment pool for expansion
GOALS
The GREENBIT goal is to create the principal decentralized agro-marketplace used by global citizens by maintaining a thriving ecosystem of users willing to buy everyday products and carry out speedy, easy and secured transactions at lower prices and, manufacturers looking to sell directly and surpass existing retail chains. GREENBIT role is to develop the open source technology required for running the platform and to create a successful model to incentivize all investors/sponsors/partners/participants. http://www.greenbit.in/
PROBLEM
GREENBIT is focused on solving the ineffective transactions space and process, costly and outdated agricultural trade systems practice, significant trade investments not getting to farmers and agro merchants and manufacturer’s sales.
SOLUTION
The first step that Greenbit decides to put forward is by sharing the knowledge to the customers about the different options of investments and the possible methods of payment regulations.
Also, it will acknowledge the involved members of the instant and fast payments and transactions they can make using cryptos. The smartphone application will look forward to take care of all the needs like transfers, payments, and exchanges.
And finally, it will ensure that no party bears any loss and get the best deals every time. To keep the consumers and clients involved, it also aims to hold different programs for loyalty and cashback for making transactions.
Few of the important features of the platform are: The Central Farm Network which provides a safe place to the traders and providers. Secondly, the platform is swift and shows its efficiency alongside. Third, it ensures to handle million transactions/second which makes it robust and scalable.
I am going to get straight to the point of who they are since this is such an important factor, as I like to put it, “The Brains behind GREENBIT”. If the team behind the product or service in question haven't the resources or knowledge, then we know the product or service delivered will possibly not have the quality it should have. We need to know two very important things when we look at a new starting up company:
Who are the people/team behind this?
What experience and knowledge do they possess?
Okay, so, because I've already done all the research needed beforehand and thoroughly GREENBIT I can very happily confirm that this company has a fabulous team onboard. Here they are:


Dale Klonis: Founder
Igor Bonderenko: Co-Founder
Ele Morgan: Cybernetic Economics
Catherine Morgan: CPO
FEATURES
CENTRAL AGRICULTURAL NETWORK (CFN)
This is a secure trading platform for merchants and value chain service providers. The Central Farm Network, as a matter of steady growth in society and its valuations, replicates worldwide agricultural assets based on the sound spectrum of society and market speculation.
SWIFT & EFFICIENT
Use direct payment channels to transfer values ​​in milliseconds. Successful transactions are never more efficient because every block in Greenbit can become Hypercube Routing to help speed, making the structure very flexible.
Scalability
Agro-ally markets are the most heavily traded markets. Therefore, it can handle millions of secured transactions per second. Thanks to the unique Multi Greenbit Architecture.
CAN BE ACCESSED AND FLEXIBLE
The functioning nodes only do useful work, maximize efficiency and, every block in the Greenbit TON can become Greenbit itself making the structure very accessible and flexible.
TOKEN AND ICO DETAILS

Proposed Uѕеrѕ оf GREENBIT
Agro-Allied Induѕtriеѕ, Eateries, Phаrmасеutiсаlѕ, Fаrmеrѕ, Stоrеѕ, Individuаl Token Hоldеrѕ, Trаdеrѕ, Other Prоfitаblе Invеѕtоrѕ.
40% from GREENBIT’s transaction profit (uѕеrѕ/mеrсhаntѕ/invеѕtоrѕ соmmiѕѕiоn) will bе uѕеd to thаnk оur GREENBIT tоkеn-hоldеrѕ аnd thе most асtivе uѕеrѕ thrоugh the асԛuiѕitiоn diѕtributiоn of GREENBIT tоkеnѕ viа a monthly lоуаltу fund (MLF) аnd аnnuаl profit diѕtributiоn.
60% of thе Central Farm Network and full GREENBIT рlаtfоrm profit will bе рlоughеd back intо thе ѕуѕtеm to build momentum аnd turbо-сhаrgе Tоkеn/Cоin value аnd invеѕtmеnt profitability оvеr timе. Aсԛuirеd GREENBIT tokens аrе divided bеtwееn еxiѕting tоkеn-hоldеrѕ, depending оn thеir GREENBIT bank uѕаgе. MLF rеfilling аnd аnnuаl profit diѕtributiоn аlѕо сrеаtеѕ соnѕtаnt demand fоr GREENBIT tоkеnѕ.

I hope you have enjoyed today's review and my company along the way. Thanks for taking the time and will hopefully see you all in the next one.

For more information, please visit:
Website: http://www.greenbit.in/
Whitepaper: http://greenbit.in/assets/images/GREENBIT%20WHITEPAPER%201.1.pdf
ANN Thread: https://bitcointalk.org/index.php?topic=3273833.msg34130003#msg34130003
Telegram: https://t.me/joinchat/G0DNf0UuWVvKv3JPxhSrww
Reddit: https://www.reddit.com/r/Greenbit/
Facebook: https://www.facebook.com/Greenbitblockchain/
Twitter: https://twitter.com/Greenbit3?lang=en
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CGCX - First Hybrid Crypto Platform In Singapore

GCX - First Hybrid Crypto Platform In Singapore

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Hi my companions, here is the enormous news; there is an extraordinary undertaking in transit. It has exceptionally strong bases, it is extremely encouraging and it is enormous! It is CGCX.io trade venture and it has been propelled.

Do you now what number of coins and tokens available? 1634 in light of https://coinmarketcap.com . Presently you know. Do you know what number of decentralized trades supported by blockchain? Basic thinks around 53 without nearby trades. With non - effective undertakings and local people there could be progressively and number are expanding step by step. Trades are a vital piece of the blockchain and will keep on doing so. Decentralized stages will dependably require the trades to go ashore and increment the estimation of their tokens. These two stages together will push ahead for eternity. CGCX.io is one of the best trade ever. Why am I talking this way? How about we have a plunder at the undertaking.
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What is CGCX.io?

CGCX.io is world's first guaranteed cross breed trade, a trade for everybody. It is for ordinary clients and for dealers and institutional clients. It is anything but difficult to utilize yet extremely wealthy in content. It has crypto to crypto exchanging and furthermore has crypto to fiat exchanging. As I say previously, a trade for everybody.

CGCX PLATFORM FEATURES

Crypto Exchange: Available request composes; Market, Market by Value, Limit, Hidden, Partial Hidden, Stop Market, Stop Limit, Reserve, Trailing Stop, Trailing Limit
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Upheld properties; Time in Force (TIF), Immediate or Cancel (IOC), Good Till Cancelled, Fill or Kill/All or None, Good Till Time, Display Quantity (Hidden Order), Executable Quantity

ICO Platforms: The ICO Voting furnishes starting coin offering colleagues with the capacity to list their ICO on the stage. CGCX group will do the vital Legal checks and KYC before including the ICO into the voting pool. Clients would then be able to use the data gave to decide if they trust in the task.
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Consistently CGCX will issue the pool of ICOs where clients can take an interest. The coin that gets the most votes will win a place to list on the CGCX trade, subject to definite audit by CGCX.

Savvy Contracts: Salient highlights; Real time View, Transparent, Disintermediation, Reduce counter gathering hazard, Decentralized contract execution, Proof of proprietorship, Automated settlement and decrease various exchange charges, Regulatory Transparency

Dealer Solutions: For trader; CGCX Payment framework causes vendors to acknowledge digital forms of money as a method of installments in their PoS frameworks. In the event that you are having an online eCommerce shop, you can coordinate with our business module or by means of API.

So my friends, here is the big new, The CGCX project already passed the softcap and raised 22,500 ETH! They had very successful pre-sale and now is prepearing themselves to main sale. The big ICO starts at 1st June. Launch of CGCX Exchange, submission of mobile app and wallet. I strongly advise you to join the ICO. You gonna thank me after the results pretty soon.

 
website: https://www.cgcx.io/
whitepaper: https://www.cgcx.io/wp-content/uploads/2018/04/23-april-2018-CGCX-Lightpaper-new.pdf

Autor: Ethan101
Bitcointalk URL: https://bitcointalk.org/index.php?action=profile;u=1083885
ETH Address: 0xB98f5f1C3d1461aC3A456B109DA47ec907C4D5e4
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CGCX TOKEN - Calfin Global Crypto Exchange

Image result for CGCX PLATFORM FEATURES
CGCX attempts to make a reasonable and greater economy that can help the mass selection of digital currency. It has built up an exhaustive network of digital currency clients, including yet not restricted to organizations, new companies, dealers, clients, and shippers.

We offer a best in class, profoundly complex half and half stage. Not at all like most trades that offer just digital money exchanging, CGCX is exceptionally situating itself in the blockchain world by giving Crypto Exchange stage, ICO Listings, Merchant Solutions, Smart Contracts.

CGCX means to scale to more noteworthy statures over the globe in the coming a long time with its arranged venture into different districts. The dispatch of our complex cutting edge half breed crypto stage first of its kind in Singapore is the initial phase in our worldwide pioneer in crypto trade and blockchain arrangements.

As a major aspect of its push to give quality digital currency apparatuses, CGCX is making its own utility token. Referred to just as the CGCX Token, this coin can be openly traded through Ethereum. It can likewise be utilized for trades on the CGCX stage; clients who pay with them can win impressive rebates contrasted with those utilizing different types of cash. By discharging tokens in a pre-sale with a 20% reward, we hope to draw in a substantial pool of early financial specialists and construct a strong establishment for assist development.

Advantages of CGCX Token

Partake IN CGCX EXCHANGE TRADING AND EARN DISCOUNTS: CGCX Tokens can be utilized to pay the exchange charges for the exchanges on the trade and procure rebates up to half on the exchange expense. This markdown isn't accessible for others, who don't accuse exchange expenses of different monetary standards.

Partake IN ICO VOTING IN CGCX ICO PLATFORM: Users in the CGCX stage can vote in favor of various tokens postings utilizing their CGCX Tokens. We intend to utilize half of tokens got in the voting charge for protection expenses to assemble assist protection insurances against digital assaults.

YOUR PREFERRED MODE OF PAYMENT WITH MERCHANTS: User can get different items and administrations from the shipper accomplices at a marked down rate while paying with the CGCX Token. Dealers would be offered bring down exchange charge when they acknowledge CGCX tokens as method of installments.

USE IN CGCX SMART CONTRACT PLATFORM: Our stage incorporates brilliant contracts, including exchange back and different assentions in a programmed, secure and straightforward way. CGCX tokens advantage clients by giving utility to pay to value-based charges, making escrow and settlements for Smart Contracts.

Highlights Token

Savvy Contract: CGCX token will be issued on blockchain Ethereum utilizing Intelligent Contract.

Add up to Publishing: The keeping up stage an aggregate distributing volume of 2 billion tokens.

Can be uninhibitedly exchanged: CGCX tokens will be openly exchanged on the Ethereum stage.

Bolster All: CGCX Token backings a wide range of Ethereum wallets.

Standard tokens ERC 20: The CGCX token depends on the standard ERC convention 20 on the Ethereum blockchain.

website: https://www.cgcx.io/
whitepaper: https://www.cgcx.io/wp-content/uploads/2018/04/23-april-2018-CGCX-Lightpaper-new.pdf

Autor: Ethan101
Bitcointalk URL: https://bitcointalk.org/index.php?action=profile;u=1083885
ETH Address: 0xB98f5f1C3d1461aC3A456B109DA47ec907C4D5e4
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CGCX Review

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CGCX is the main protected half breed digital money stage in Singapore!

Today, the prominence of numerous tasks keeps on developing, as does the measure of speculation. Crypto dealers are looked with different issues that avoid smooth exchanges on the secretive market. These issues are for the most part due to delays in exchanges in the exchanging of digital forms of money, activities in the field of security of cybercrime, powerlessness to change over your cryptographic code into a framework. To take care of these issues looked by crypto brokers, another trade stage will be propelled, and it will be called "Calfin Global Crypto Exchange or CGCX".

Highlights of CGCX

CGCX is a decentralized half and half, an inventive stage that goes about as an exchanging stage for participation amongst financial specialists and merchants. Here, everybody can understand their potential in the digital money fragment, utilizing for this reason every one of the benefits of blockchain and keen contracts. Exchanges identified with the deal, and additionally the buy of coins, will be as basic as could be expected under the circumstances, quick, and secure. Con artists won't have the capacity to grab the assets of CGCX clients - the blockchain keeps the utilization of sketchy plans. Clients will have the capacity to consistently apply the usefulness of this decentralized stage, its ability is sufficient to play out countless.

The utilization of shrewd contracts makes it conceivable to build up extremely powerful and straightforward collaboration between the gatherings inside the stage. In the event that we think about simple exchangers for working with digital currency, the CGCX stage is an extraordinary venture. Its usefulness isn't restricted exclusively to trade works, the designers do everything keeping in mind the end goal to open up to their clients' new skylines in the digital money world.

Key advantages of the CGCX stage

CGCX Exchange for All:

Calfin Global Crypto Exchange - CGCX will offer an advanced, modern half and half stage. Exchanges made on the trade with the CGCX token will get a rebate of half of the offering cost. The CGCX token is an utility token in light of the standard ERC20 convention that will be utilized as a part of the CGCX biological system.

ICO stage:

Consistently CGCX will offer its clients, the chance to pick by voting, a token or coin must be recorded on the CGCX trade.

Shipper Solutions:

Dealers or online traders can begin tolerating installments for cryptographic money in only a couple of minutes by associating an installment passage or by introducing the CGCX Point-of-offer application (PoS) (web application and versatile application) and profiting from a lower commission for exchanges and more extensive scope.

Keen contracts:

CGCX will encourage the creation and digitization of specific kinds of benefits, for example, exchange understandings and managing an account instruments. This enhances preparing time with a low exchange cost. This enables you to mechanize the figurings and exchanges based on predefined conditions, which will prompt the self-articulation of these scholarly contracts.

 
website: https://www.cgcx.io/
whitepaper: https://www.cgcx.io/wp-content/uploads/2018/04/23-april-2018-CGCX-Lightpaper-new.pdf

Autor: Ethan101
Bitcointalk URL: https://bitcointalk.org/index.php?action=profile;u=1083885
ETH Address: 0xB98f5f1C3d1461aC3A456B109DA47ec907C4D5e4
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What is Ethereum? | The Ultimate Beginners’ Guide

With the second largest market cap in the cryptocurrency world, Ethereum has drawn a lot of attention from investors and crypto enthusiasts alike.
This relatively new cryptocurrency not only presents a significant change to the status quo, it also allows for the quick development and deployment of new applications. Ethereum essentially enables dozens of new and extremely innovative cryptocurrencies to exist.
While Ethereum’s utility is obvious to programmers and the tech world at large, many people who are less tech-savvy have trouble understanding it. We’ve designed this guide to appeal to both crowds and expose anyone from complete crypto beginners and intermediates to this potentially game-changing cryptocurrency.

Ethereum vs. Bitcoin

If you’re interested in Ethereum, chances are you have some sort of foundational knowledge of Bitcoin.
All cryptocurrencies inevitably get compared to Bitcoin, and it frankly makes understanding them much easier.
Bitcoin launched in 2009 as the world’s first cryptocurrency, with the single goal of creating a decentralized universal currency. This currency would not require any intermediary financial institutions, but would still ensure safe and valid transactions. This was made possible by a revolutionary technology called the “blockchain.”
The blockchain is a digital ledger, continuously recording and verifying records. It’s used to track and verify Bitcoin transactions. Since the global network of communicating nodes maintains the blockchain, it’s pretty much incorruptible. As new blocks are added to the network, they are constantly validated.
Similar to Bitcoin, Ethereum is a distributed public blockchain network. While both Ethereum and Bitcoin are cryptocurrencies that can be traded among users, there are many substantial differences between the two.
Bitcoin, for example, utilizes  blockchain to track ownership of the digital currency, making it an extremely effective peer to peer electronic cash system. Ethereum, on the other hand, focuses on running the programming code of an application. Application developers largely use it to pay for services and transaction fees on the Ethereum network.
Dr. Gavin Woode, Ethereum Co-FounderBoth Bitcoin and Ethereum are “decentralized,” meaning they have no central control or issuing authority. Respective miners run each network by validating transactions to earn either bitcoin (for Bitcoin) or ether (for Ethereum).
If you’re still having trouble making the distinction, the words of Dr. Gavin Wood—one of Ethereum’s Co-Founders—might help:

“Bitcoin is first and foremost a currency; this is one particular application of a blockchain. However, it is far from the only application. To take a past example of a similar situation, e-mail is one particular use of the internet, and for sure helped popularise it, but there are many others.”

Dr. Gavin Wood, Ethereum Co-Founder

Ethereum is simply the application of blockchain for a completely different purpose.

What is Ethereum?

Simply put, Ethereum is a blockchain-based decentralized platform on which decentralized applications (Dapps) can be built.
  •     Remember, blockchain is the structure the vast majority of cryptocurrencies run on. It’s a database with no central server that keeps track of every transaction and exchange.
  •     We’ll jump into decentralized apps—referred to as dapps–in greater detail later, but just know they are applications that serve a certain purpose to a user. Fasten your seatbelts, some of these dapps are amazing.
Ethereum’s appeal is that it is built in a way that enables developers to create smart contracts. Smart contracts are scripts that automatically execute tasks when certain conditions are met. For example, a smart contract could technically say, “pay Jane $10 if she submits a 1000 word article on goats by September 15, 2018,” and it would pay Jane once the conditions are met.
These smart contracts are executed by the Turing-complete Ethereum Virtual Machine (EVM), run by an international public network of nodes.
The cryptocurrency of the Ethereum network is called ether. Ether serves two different functions:
  1.    Compensate the mining full nodes that power its network. This keeps things running smoothly at an administrative level.
  2.    Pay people under smart contract conditions. This is what motivates users to work on the Ethereum platform.
If you’re still a little confused, don’t worry. The underlying technology is complicated even at a surface level.
By the end of this guide, you’ll have a better understanding of Ethereum than 99.999% of people out there… and that’s a pretty good start!
We’ll go over things such as how Ethereum functions, Ethereum’s history, and some of the exciting dapps running on the Ethereum platform.

Welcome to a Wild Ride: Ethereum

In 2011, a 17 year old Russian-Canadian boy named Vitalik Buterin learned about Bitcoin from his father.
In 2013, after visiting developers across the world who shared an enthusiasm for programming, Buterin published a white-paper proposing Ethereum.
In 2014, Buterin dropped out of the University of Waterloo after receiving the Thiel Fellowship of $100,000 to work on Ethereum full-time.
In 2015, the Ethereum system went live.
In 2017, Ethereum hit a cap rate of $36 billion dollars.
Whether you’re looking at this from an investment standpoint, tech perspective, or witness to history; Ethereum is extremely exciting.
Buterin’s goal was to bring the same decentralization from Bitcoin to more than just currency. This could be accomplished by building a fully-fledged Turing-complete programming language into the Ethereum blockchain.
The Ethereum white paper goes into detail for some of the potential use cases, all of which could be built through decentralized apps on the Ethereum network. The list goes on and on:
  •     Token Systems
  •     Financial Derivatives
  •     Identity and Reputation Systems
  •     File Storage
  •     Banking
  •     Centralized Autonomous Organizations
  •     Insurance
  •     Data Feeds
  •     Cloud Computing
  •     Prediction Markets
By building these apps on the Ethereum network, these dapps can utilize Ethereum’s blockchain instead of having to create their own.

The Ethereum Virtual Machine

Early blockchain applications like Bitcoin only allowed users a set of predefined operations. For example, Bitcoin was created exclusively to operate as a cryptocurrency.
Unlike these early blockchain projects, Ethereum allows users to create their own operations.  The Ethereum Virtual Machine (EVM) makes this possible. As Ethereum’s runtime environment, the EVM executes smart contracts. Since every Ethereum node runs the EVM, applications built on it reap the benefits of being decentralized without having to build their own blockchain.

Smart Contracts

Smart contracts are strings of computer code capable of automatically executing when certain predetermined conditions are met.
Instead of requiring a single central authority to say “yay” or “nay,” these contracts are self-operated. This not only makes the entire process more effective, it also makes it more fair and objective.
For example, a simple smart contract use case would be:
  •     Jim wants to bet Sarah 100 Ether (ETH) that the price of ETH will be above $1000 on August 30th, 2018.
  •     They agree on a data feed to be used to determine the ETH price.
  •     They each escrow 100 ETH to a smart contract, with the winner taking the full 200 ETH.
  •     On August 30th, 2018 the data feed is queried and the contract immediately executes sending money to the winner.
Using the smart contract, there’s no need for Jim and Sarah to trust each other. They just have to trust the data feed.
Keep in mind that this is only a very simple example. Many smart contracts are extremely complex and can work wonders.
The takeaway: Smart contracts can automate a variety of tasks, without requiring intermediaries. All a smart contract needs is the arbitrary rules written into it.
Now, let’s move on to the Dapps.

Decentralized Apps (Dapps)

Most of us have a pretty good understanding of what an application (app) is. An application is formally defined as a program or piece of software designed and written to fulfill a particular purpose of the user. We use apps every day: Apps allow us to check our bank balance, scroll through a live feed of pictures, or even launch a Flappy Bird into oblivion.
Now take this definition and ~*~decentralize~*~ it. Dapps serve similar functions, but run on an entire network of nodes rather than a central source. The fact that they are decentralized gives dapps an enormous advantage over traditional apps.
You know when Instagram is down because the server is down? This doesn’t happen with dapps. How about when Zomato got hacked and exposed the information of 17 million people? This doesn’t happen either.
Moreover, Dapps are:
  •     Open Source – Dapps allow users to view the app code on both the frontend and backend. No sketchy “allow us to use your location” nonsense unless otherwise stated.
  •     Autonomous – Dapps automatically act by the rules encoded into them. No room for outside corruption.
  •     Secure – Data and protocols are stored on the blockchain cryptographically. No hacks.
  •     100% Uptime – The blockchain is always running, meaning zero downtime for dapps. No crashes.
  •     Easier to Implement – Developers wanting to take advantage of blockchain technology do not need to create a new blockchain. The framework is there, saving dapp creators a ton of time and effort spent creating a potentially subpar framework. In order to run on this decentralized network, dapps just pay transaction fees.
In many cases, front-end users can’t even distinguish dapps from regular apps. Dapps typically use HTML/JavaScript web applications to communicate with the blockchain, appearing the same to users as many applications you’re already using today.

Ethereum Dapps Use Cases

Fasten your seatbelts and get your Twitter-fingers ready, it’s finally time for the most exciting part of this guide.
Ethereum’s intersection with the real world is paved with innovation and disruption. There are already a huge number of projects, both live and in development, built on the Ethereum network. Here are just some of the most successful and promising of these dapps.
Ethereum Guide Golem Dapp
Golem: The Golem project aims to make a global supercomputer easily accessible to anyone.  It’s essentially the first decentralized sharing economy of computing power. As a global market, users would be able to make money by “renting” out their idle computing power, or spend money to have access to a supercomputer. Hold up, have you ever used a supercomputer? Supercomputers cost between a million dollars and a good fraction of a billion dollars. The modern Tianhe-2 Supercomputer has the power of roughly 18,400 Playstation 4s. Golem’s goal is to make this sort of power easily accessible anywhere in the world at an infinitesimal cost.
What is Ethereum's Augur Dapp
Augur: Augur’s goal is to utilize a decentralized network to create a powerful forecasting tool using prediction markets. Augur would reward users for correctly predicting future events. While at a surface level it may just seem like a decentralized betting platform (which is still worth a lot), Augur could potentially provide provide powerful predictive data for virtually any industry. Prediction markets are more accurate at forecasting than individual experts, traditional opinion polling, and surveys.
Ethereum's Civic Dapp
Civic: Civic aims to protect user’s identities and provide blockchain-based, secure, low-cost, on-demand access to identity verification. This would not only prevent and provide users with assistance for identity fraud, but it would also remove the need for constant personal information and background verification checks. Think about how many times you’ve left your social security number with someone’s assistant and you can see the benefits of Civic.
Ethereum's Omisego dapp
OmiseGO: OmiseGO vision is to solve the problems and inefficiencies of financial institutions, processors, and gateways by enabling decentralized exchange on a public blockchain at a lower cost and high volume. This means anyone will be able to conduct financial transactions such as payments, payroll deposits, B2B commerce, supply-chain finance, asset management, and loyalty programs without having to rely on a single server… and without exorbitant fees! The system is built in a way that allows the best currency (whether fiat or decentralized) to win.
Ethereum Storj Dapp
Storj: Storj’s aim is to make it possible for users to rent out their excess hard drive space in exchange for the crypto STORJ. Users could therefore also use Storj to rent additional hard drive space.
These are only a handful of different dapps all running on the Ethereum platform. What really stands out with dapps is how their founder are able to “raise” real capital by selling tokens. Whereas traditional apps have to seek outside investment or IPO, a dapp can simply “ICO” and raise the capital they need to build their company. While this removes friction from the financing processes, it has unfortunately also made it possible for many sub-par dapps to ICO and take advantage of eager speculators.
For more dapps, check out the State of the Dapps. You find some upcoming ICOs here.

Ethereum vs Bitcoin: Continued

Now that you have a decent understanding of what Ethereum is and how it functions, it’s useful to revisit how it compares to Bitcoin at a technical level.
While the two cryptocurrencies serve different purposes, Ethereum provides a number of benefits over Bitcoin:
  1.    Shorter Block Times – On Ethereum, blocks are mined roughly every 15 seconds compared to Bitcoin’s 10-minutes rate.  This shorter time allows the blockchain to more quickly start confirming transaction data, although it also means more orphaned blocks.
  2.    More Sophisticated Fee Structure – Ethereum transaction fees are based off storage needs and network usage. Bitcoin transactions are limited by block size and compete with each other.
  3.    More Sophisticated Mining – Bitcoin mining currently requires ASICs (Application-Specific Integrated Circuits), necessitating a large amount of capital investment to mine.  Ethereum’s mining algorithm was designed with ASIC-resistance in mind, thus leveling the playing field and aiding in the decentralization of mining.
Ethereum arguably currently functions better than Bitcoin as a currency. With Ethereum, you can reliably send transactions faster, pay lower transaction fees, and mine at a more profitable rate (although it still has its downfalls for miners).
Read: Is Ethereum Mining Profitable?
However, Bitcoin does have a relatively more stable price—and therefore functions as a better value storage option—from a trading and value storage perspective. Ethereum is much younger but has covered a substantial amount of ground in recent years. Although Ethereum certainly shows promise as a currency, its true potential lies in features nonexistent in Bitcoin’s code.

The DAO: Trouble in Paradise

The most famous DAO was simply known as The DAO. The nearly identical name causes a lot of confusion for people and gives DAOs a bad reputation.
The DAO was a decentralized autonomous organization primarily functioning as its own investor-directed venture capital fund. It didn’t have the conventional management structure or board of directors, was not tied to any particular government, and instead ran on open source code. The DAO was set up to give funders the power to vote for which dapps deserved investment through DAO tokens.
Dapps had somewhat of an approval process:
  1.    Get whitelisted by reputable figureheads in the Ethereum community
  2.    Get voted on by those who held DAO tokens
  3.    Get an approval of 20% in the vote in order to receive a share of DAO funds they required to get started.
The DAO is most famous for the largest crowdfunding campaign in history, raising over $150 million in ether from more than 11,000 investors. The DAO is also most infamous for getting hacked for $50 million. This hack inevitably caused a split in the Ethereum community, creating what we now know as Ethereum (ETH) and Ethereum Classic (ETC).
Ethereum Classic
The hack happened because of The DAO’s “Split Function.” Funders who wanted to exit The DAO could use its “Split Function,” which would give them back the ether they had invested. The only stipulation was that existing funders had to hold their ether for 28 days before they could withdraw them.
On June 17th 2016, an unknown person or group of people took advantage of a lapse in the Split Function’s security with a simple recursive function. This frustratingly easy hack allowed the hacker(s) to repeat their request to withdraw the same DAO tokens multiple times before the system registered it as $50 million.
The news of this hack created chaos in the Ethereum community. While this hack had nothing to do with the Ethereum platform and everything to do with The DAO platform, many members of the Ethereum community were invested in The DAO. The community as a whole had 28 days to come up with a solution, which ended up being to “fork”—stop the current blockchain entirely and create something new from scratch.
The new Ethereum (ETH) is the result of the fork, and is essentially the blockchain before the hack. The old Ethereum (Ethereum Classic – ETC) is still running the original blockchain with the hack included.
The vast majority of the Ethereum community including the Ethereum founders pivoted along with ETH, with a small minority staying loyal to the original blockchain.

Future Updates to Ethereum

The future for Ethereum is bright, but it is not without its potential uncertainty.
A notable event on the horizon is the Metropolis hard fork that is set to occur in late September. This hard fork indicates some major upgrades for the platform including:
  1. Increased anonymity with new zero-knowledge proofs, or “zk-SNARKs.” This means users will be able to conduct transactions at much more secure levels of anonymity than ever before.
  2. Smart contracts and programming will be much easier to work with. Gas is also going to be adjusted for bill setting.
  3. Masking will increase security on the network. Users will be able to determine the address for which they have a private key, and this will protect them from quantum computer hacking.
  4. A “difficulty bomb” will be included in the upgraded, meaning mining will become much more difficult. This is a significant step as Ethereum transitions from proof-of-work (PoW) to proof-of-sake (PoS).
We won’t know how this hard fork will affect the price of Ethereum as markets could adjust in a variety of ways. If the upgrades attract more users, the price could rise. However, if mining becomes more difficult and slows, the price could fall.
The next upgrade after Metropolis is referred to as Serenity, which should increase stability and encourage more investment.

Final Thoughts

While there is a lot of speculative interest around Ethereum, it’s important to note that the Ethereum and dapp communities are very much focused on building a tangible future.
Ethereum is a phenomenal application of the blockchain and has made it possible for hundreds of projects to exist.
Vitalik Buterin Ethereum Founder
“Blockchain solves the problem of manipulation. When I speak about it in the West, people say they trust Google, Facebook, or their banks. But the rest of the world doesn’t trust organizations and corporations that much — I mean Africa, India, the Eastern Europe, or Russia. It’s not about the places where people are really rich. Blockchain’s opportunities are the highest in the countries that haven’t reached that level yet.”

Vitalik Buterin, Ethereum Founder

The primary goal of Ethereum’s founders isn’t to create a cryptocurrency that makes speculators a ton of money; it’s to change the world. The Ethereum community attracts ideological supporters in the same way Bitcoin and other cryptocurrencies do, but it’s use cases give it life far beyond that of other coins.

Want to Invest in Ethereum?

The easiest way to invest in Ethereum is by using a cryptocurrency exchange. We’ve compiled a list of the best exchanges where you can buy Ethereum.  On this page you can find key details of these exchanges, as well as links to their individual reviews and user guides.
If you’re new to the world of cryptocurrency, Coinbase offers one of the simplest ways to buy, sell, and store Ethereum.
For those interested in regular trading, the following exchanges may be more suited to your needs:

How to Buy Ethereum


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Beginners Guide: What is Bitcoin?

The Bitcoin world is abuzz with both excitement and curiosity… and the opportunity for upside potential to skyrocket. Everyone from everyday Joes to reputable experts are betting on Bitcoin’s success.
It’s been a wild 8 years since Bitcoin’s release. Most notably, we’ve seen headlines of people who fortuitously purchased bitcoins early on turn into kid-millionaires. With the immense potential of new cryptocurrencies, our attention often turns to Bitcoin as a quintessential example of what’s to come.
We’ve designed this guide to teach you about Bitcoin so that you’re up to speed and ready to join the crypto-world.

What is Bitcoin?

Released as an open-source software in 2009, Bitcoin is often credited as the world’s first cryptocurrency and is best defined as a digital currency that only exists electronically.
Bitcoin is decentralized, meaning it doesn’t have a central issuing authority or political institution that controls the amount of bitcoin in circulation. But the Bitcoin platform is far from anarchy.
The whole process is pretty simple and organized: Bitcoin holders are able to transfer bitcoins via a peer-to-peer network. These transfers are tracked on the “blockchain,” commonly referred to as a giant ledger. This ledger records every bitcoin transaction ever made. Each “block” in the blockchain is built up of a data structure based on encrypted Merkle Trees. This is particularly useful for detecting fraud or corrupted files. If a single file in a chain is corrupt or fraudulent, the blockchain prevents it from damaging the rest of the ledger.
Instead of relying on a government to print new currency, Bitcoin’s blockchain programming handles when bitcoins are made and how many are produced. It also keeps track of where bitcoins are and ensures the transactions are accurate.
There are currently about 17 million bitcoins in circulation. There isn’t a central regulatory agency or government controlling the supply of bitcoins, meaning the supply is controlled by design. The total supply to ever be created is capped at 21 million bitcoins.
This cap raises an argument that Bitcoin could have problems scaling. However, since Bitcoin is essentially infinitesimally divisible (meaning users can transfer as little as 0.00000001 bitcoins), this doesn’t really create a scaling issue. The magic number of 21 million is arbitrary.
It’s believed that Bitcoin was designed to become a deflationary currency to combat the government’s use of inflation as a hidden taxation to redistribute earned wealth. Many people praise Bitcoin for empowering the people by overthrowing the currency printing powers of transient politicians.

How Does Bitcoin Work?

One of Bitcoin’s most appealing features is its ruthless verification process, which greatly minimizes the risk of fraud. Since Bitcoin is decentralized, volunteers—referred to as “miners”—constantly verify and update the blockchain. Once a specific amount of transactions are verified, another block is added to the blockchain and business continues per usual.

What is “Mining”?

Instead of a single central server verifying every transaction, essentially every other person on the network verifies each transaction.
Cue the “miners.”
Let me simplify the process so we all understand: Miners are presented with a complicated math problem and the first one to solve the math problem adds the verified block of transactions to the ledger. The calculations are based on a Proof of Work (POW), or the proof that a minimum amount of energy was spent to get a correct answer.
There aren’t actual human beings hunched over computers with scraps of notebook paper and calculators doing pre-calculus homework; hardware is used to perform Bitcoin mining.
Bitcoin’s built-in reward system compensates successful miners with a chunk of bitcoins. The reward changes over time per Bitcoin’s programming, and the block reward halves about every four years. The current reward for each new block of verified transactions is about 12.5 bitcoins.
The mining processes have become increasingly sophisticated. The most popular method uses ASICS–Application-Specific Integrated Circuits. ASICS are hardware systems similar to CPU computers that are built for the sole reason of mining bitcoins.
Bitcoin mining operations take a lot of effort and power, and the sheer amount of competition makes it difficult for newcomers to enter the race and profit. A new miner would not only need to have adequate computing power and the knowledge to use it to outcompete the competition, but would also need the extensive amount of capital necessary to fund the operations.

A Simple Bitcoin Transaction Example

While Bitcoin’s underlying technology may seem hard to grasp, using Bitcoin does not have to be difficult.  Here’s an example of how simple a real world Bitcoin transaction can be.
A Simple Bitcoin Transaction Infographic

Bitcoin Wallets: How to Store Your Bitcoins

So, you’ve got this digital currency. You can’t really chuck it in your pocket. Let’s go through some useful definitions before we jump into storing cryptos:
  1. Exchange platform: where you trade money for cryptocurrencies such as Bitcoin, Ethereum, or Litecoin. You can also trade one cryptocurrency for another.
  2. Wallet platform: essentially a bank account where your cryptocurrencies are kept.
  3. Hard wallet: an “offline” wallet that is not linked to a network.
  4. Public Cryptographic Key: your account number. Similar to how someone would send money to your bank account via your account number, your public cryptographic key is the information you give to someone to receive cryptos.
  5. Private Cryptographic Key: the key that allows you to spend your Bitcoins and other cryptocurrencies. You guard this with your life. If someone has access to it, they can transfer (steal!) your bitcoins.
Now that we’ve got that out of the way, we can discuss Bitcoin wallet better.
When you hear of bitcoins being hacked, you’re probably hearing about an “exchange platform” being hacked. Since Bitcoin’s blockchain structure makes it EXTREMELY difficult to hack (borderline impossible), it is considered very secure.
Exchanges, however, are a different story. Perhaps the most notable Bitcoin exchange hack was the Tokyo-based MtGox hack in 2014, where 850,000 bitcoins with a value of over $350 million suddenly disappeared from the platform. This doesn’t mean that Bitcoin itself was hacked; it just means that the exchange platform was hacked. Imagine a bank in Iowa is robbed: the USD didn’t get robbed, the bank did.
Industries surrounding Bitcoin are new and not without their kinks. Bitcoin advocate and esteemed venture capitalist Marc Andreessen stated, “MtGox had to die for Bitcoin to thrive. Its former role from early Bitcoin days has been supplanted by better, stronger entities.”
Even though most wallet platforms are considered extremely secure, the prospect of hackers makes many users paranoid.
That brings us to hard wallets. A hard wallet is essentially a USB that allows users to store their cryptographic keys offline and off of exchanges. Your cryptographic key only lives on your hard wallet and is impossible to hack (unless someone physically steals your hard wallet).ledger nano s hardware wallet
Hard wallets are so secure that there are countless stories of people carelessly misplacing a hard wallet full of cryptos and never being able to recover thousands, hundreds of thousands, or millions of bitcoins.
Some users opt to use a “paper wallet,” which is essentially your cryptographic keys on a piece of paper stored somewhere safe like a bank vault. Although paper wallets are not recommended, they can be done either by an online key generator (not recommended due to threats of malware) or handwritten.
For more information on Bitcoin wallets, read out Guide to Finding the Best Bitcoin Wallet.

Why use Bitcoin?

Bitcoin is often hailed as the future of the monetary world for a variety of reasons.
  • It’s decentralized and brings power back to the people. Launched just a year after the 2008 financial crises, Bitcoin has attracted many people who see the current financial system as unsustainable. This factor has won the hearts of those who view politicians and government with suspicion. It’s no surprise there is a huge community of ideologists actively building, buying, and working in the cryptocurrency world.
  • Freedom. The concept that one could carry millions or billions of dollars in Bitcoin across borders, pay for anything at any time, and not have to wait on extended bank delays is a major selling point.
  • Security. Bitcoin payments don’t necessarily need to be tied to one’s personal information. Since personal information is left out of the transactions, users aren’t as exposed to threats such as identity theft. Bitcoin can also be backed up and encrypted to ensure the security of your money.
  • Low Transaction Fees. Banks and companies like PayPal charge to send and receive money. Bitcoin replaces the 2.5% “transaction fee” with one that’s only a fraction of that.
The Immutable Ledger. Bitcoin’s blockchain public ledger is objective. People trust it to be fair because it is based on pure mathematics, rather than the human error and corruption of questionable politicians.

What are the disadvantages of Bitcoin?

For all its advantages, Bitcoin does still pose some significant issues.
Perhaps one of the largest reasons everyone hasn’t jumped on the Bitcoin train is because its price is shrouded in uncertainty. Many people are concerned with…
  1. Legal Gray Area. Major governments have largely remained on the sidelines, and this has created both a sense of potential and apprehension for Bitcoin proponents and critics respectively. Bitcoin isn’t backed by a regulatory agency and a government would technically be ceding power by supporting a decentralized currency. This has been largely officially unaddressed. Bitcoin’s price, however, tends to be very sensitive to any news concerning the US government’s opinion of cryptocurrencies. For example, when the SEC denied the approval of bitcoin-based exchange-traded-products—essentially bitcoin-backed assets on the stock market—in 2017, Bitcoin’s price dropped 18%. Yet while the price and adoption of Bitcoin would be affected by government action, governments are unable to criminalize Bitcoin. In fact, governments such as the United States and China have invested in it at some capacity.
  2. Exchange hacks. As stated above, an exchange hack has nothing to do with the integrity of the Bitcoin system… but the market freaks out regardless. This trend seems to minimize as users see that cryptos recover from exchange hacks. As exchanges evolve and become more secure, this threat becomes less of an issue. Additionally, outside investments funneling into exchanges are providing the capital for them to grow stronger.
  3. Illiquidity. This is mostly moot due to Bitcoin’s $47 market cap but it still makes users sweat. It’s highly unlikely that Bitcoin’s price would plummet and you’d be unable to take action, but it’s still unsettling.  As more investors invest, however, illiquidity becomes a negligible risk, as there will likely always be a buyer for Bitcoins waiting.
  4. Volatility. This very reason many speculators are attracted to Bitcoin is the same reason many potential users are hesitant to get involved. Users that look at Bitcoin as a speculative investment option are essentially gambling on the process, and the future price of Bitcoin is largely unknown. There are estimates that Bitcoin will both be worth pennies in a few years, while some predict that a single bitcoin will be worth $500k in three years. As new investors continue to invest and the market cap grows, Bitcoin’s price could become more stable.
  5. Lack of adoption by businesses. The price volatility is a large reason that many businesses have yet to adopt Bitcoin as a form of payment. Increased consumer adoption and price stability will eventually mitigate this disadvantage.
Another disadvantage is that while many people have heard of Bitcoin, few understand exactly what it is or how it functions. Guides like this help to push the needle and build a foundation, but it’s ultimately on the users to seek out more information.
Bitcoin’s strength lies in its networking effect. The more we spread the word and grow the Bitcoin community, the better off our bitcoins will be.

How to Buy Bitcoin

As mentioned above, in the early years of Bitcoin it was difficult to find a trustworthy place to buy the cryptocurrency.  With the increase in demand for Bitcoin, numerous new companies have sprouted to help facilitate easily purchasing Bitcoin.
These days, many Bitcoin exchanges have received huge investments from venture capitalist.  They’re also now more heavily regulated, especially those based out of the United States.  You can compare exchanges and view our in depth reviews in our How to Buy Bitcoin Guide.  We’ve also listed our top two recommended options below:
  • Coinbase launched in 2012 with the hopes of giving users an easier way to buy Bitcoin.  Since its launch, the San Francisco based startup has become the most commonly recommended buying option for newbies.  You can learn more in our complete Coinbase Review and User’s Guide.
Buy Bitcoin on Coinbase
  • Gemini was founded in 2015 by Tyler and Cameron Winklevoss.  While they launched more recently than many of their competitors, the New York based cryptocurrency exchange has quickly built a great reputation in the crypto community.  You can learn more in our Gemini Review and User’s Guide.
Buy Bitcoin on Gemini

Who invented Bitcoin?

Satoshi Nakamoto is credited with designing Bitcoin. Nakamoto claims to be a man living in Japan born on April 5th, 1975 but there are speculations that he is actually either an individual programmer or group of programmers with a penchant for computer science and cryptography scattered around the United States or Europe. Nakamoto is believed to have created the first blockchain database and have been the first to solve the double spending problem other digital currency failed to. While Bitcoin’s creator is shrouded in mystery, his Wizard of Oz status hasn’t stopped the digital currency from becoming increasingly popular with individuals, businesses, and even governments.

Bitcoin’s Popularity

It’s important to take a look at Bitcoin’s popularity over time because… well, have a look below:

Google Trends structures the chart to represent a relative search interest to the highest points in the chart. A value of 100 is the peak popularity for the term “Bitcoin” and a value of 50 means it was half as popular at that time. A score of 0 indicates that the term was less than 1% as popular as the peak. It’s amazing how the searches relating to Bitcoin have spiked in the past few years.
When Bitcoin began circulating in 2009, its early adopters consisted of programmers and a niche crowd of technical people. Its popularity over time indicates that many of the disadvantages of Bitcoin will likely dissipate as Bitcoin becomes more standard.
Unsurprisingly, Bitcoin’s price has grown with increased demand. As you can see, more buyers enter the market and raise the price as more people learn about Bitcoin and its technical applications.
Bitcoin’s popularity has undeniably been its number one advantage over the numerous other cryptocurrencies. By gaining a large number of adopters and users, Bitcoin has achieved a network effect that attracts even more users. Users who would otherwise be more apprehensive investing in a relatively unknown and unproven digital currency are reassured by Bitcoin’s performance over time, its growing community, and the fact that people they know are adopting cryptos.
Bitcoin’s first mover advantage, popularity, and network effect has cemented it as the most popular cryptocurrency with the largest market cap. Rivals like Litecoin may have numerous technical advantages over Bitcoin’s algorithm (see more about that here), but they only hold a fraction of Bitcoin’s market cap and their dwindling communities largely consist of loyalists, speculators, and antagonistic anti-Bitcoin buyers.

What We Can Learn From Bitcoin’s Popularity

Understanding what makes Bitcoin so popular allows us to not only conceptualize where Bitcoin is headed, but also how other cryptocurrencies generally function. Bitcoin is able to attract users better than any other cryptocurrency because…
  1. It has the network effect. Bitcoin’s network validates its worth to newcomers and gives Bitcoin a viral growth rate.
  2. The high market cap is comforting. Bitcoin’s massive market cap gives users a sense of security and stability. With a market cap of about $69 billion, Bitcoin is comparatively a much safer crypto investment.
  3. Speculation drives numbers. Many Bitcoin users are holding onto their bitcoins in hopes of selling them off for an enormous profit one day. With news articles portraying Bitcoin millionaires as lucky kids who got in early, you can’t really blame them. For example, if you had spent your $5 latte money on 2,000 bitcoins one morning in 2010, they would be worth about $5.4 million today. Makes you really wish you’d managed your Starbucks budget better, doesn’t it?
News drives attention, and attention drives understanding. While many people have flocked to cryptocurrencies purely in search of financial gain, there are a ton of people that are simply curious. Some peoples are sticking around and trying to understand what cryptos are all about. While more users increases Bitcoin’s network effect, more people forming in-depth understandings of cryptos also strengthen the active Bitcoin community.

Final Thoughts

Bitcoin is still a relatively young currency but it has achieved substantial user adoption and growth. Bitcoin’s network only grows stronger as more people learn about Bitcoin’s fundamental technology and potential in relation to other methods of value storage.
As the flagship of the cryptocurrency fleet, Bitcoin is considered the “gateway” cryptocurrency. Understanding Bitcoin’s potential is an essential first step to seeing the brilliant solutions being worked on in the cryptocurrency world.
Bitcoin paints a future that is drastically different from the fiat-based world today. This is either exciting or unsettling for the vast majority. Equip yourself with the best possible resources. Become active in communities that further explore not only the technical applications of Bitcoin and other cryptos, but with their overall potential to disrupt virtually every market. Brace yourselves. Cryptos are coming.
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