Category Archives: Bitcoin Info

The Top 10 Cryptocurrencies

(1) Bitcoin (BTC) (Mineable Coin) :

Bitcoin uses peer-to-peer technology to operate with no central authority or banks; managing transactions and the issuing of bitcoins is carried out collectively by the network. Bitcoin is open-source; its design is public, nobody owns or controls Bitcoin and everyone can take part. Through many of its unique properties, Bitcoin allows exciting uses that could not be covered by any previous payment system.

(2) Ethereum (ETH)(Mineable Coin):

Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third party interference. These apps run on a custom built blockchain, an enormously powerful shared global infrastructure that can move value around and represent the ownership of property.

(3) Bitcoin Cash (Mineable Coin):

Bitcoin Cash is peer-to-peer electronic cash for the Internet. It is fully decentralized, with no central bank and requires no trusted third parties to operate. Bitcoin Cash is the continuation of the Bitcoin project as peer-to-peer digital cash. It is a fork of the Bitcoin blockchain ledger, with upgraded consensus rules that allow it to grow and scale. Anyone who held Bitcoin at the time Bitcoin Cash was created became owners of Bitcoin Cash. This means that Bitcoin holders as of block 478558 (August 1st, 2017 about 13:16 UTC) have the same amount of Bitcoin Cash as they had Bitcoin at that time. If your Bitcoins are stored by a third party such as an exchange, then you must inquire with them about your Bitcoin Cash. Any transactions after the August 1st ledger split are completely separate between Bitcoin and Bitcoin Cash. This means any Bitcoin acquired after the split does not include any Bitcoin Cash, and any Bitcoin Cash does not include any Bitcoin.

(4) Ripple (XRP) (Coin):

Ripple provides one frictionless experience to send money globally using the power of blockchain. By joining Ripple’s growing, global network, financial institutions can process their customers’ payments anywhere in the world instantly, reliably and cost-effectively. Banks and payment providers can use the digital asset XRP to further reduce their costs and access new markets. Ripple connects banks, payment providers, digital asset exchanges and corporates via RippleNet to provide one frictionless experience to send money globally.

(5) Litecoin (LTC) (Mineable Coin):

Litecoin is a peer-to-peer Internet currency that enables instant, near-zero cost payments to anyone in the world. Litecoin is an open source, global payment network that is fully decentralized without any central authorities. Mathematics secures the network and empowers individuals to control their own finances. Litecoin features faster transaction confirmation times and improved storage efficiency than the leading math-based currency. With substantial industry support, trade volume and liquidity, Litecoin is a proven medium of commerce complementary to Bitcoin. Miners are currently awarded with 25 new litecoins per block, an amount which gets halved roughly every 4 years (every 840,000 blocks). The Litecoin network is therefore scheduled to produce 84 million litecoins, which is 4 times as many currency units as Bitcoin.

(6) Iota (MIOTA) (Coin):

The main innovation behind IOTA is the Tangle, a revolutionary new blockless distributed ledger which is scalable, lightweight and for the first time ever makes it possible to transfer value without any fees. Contrary to today’s Blockchains, consensus is no-longer decoupled but instead an intrinsic part of the system, leading to decentralized and self-regulating peer-to-peer network. The importance of micropayments will increase in the rapidly developing IoT industry, and paying a fee that is larger than the amount of value being transferred is not logical. Furthermore, it is not easy to get rid of fees in the blockchain infrastructure since they serve as an incentive for the creators of blocks. This is what makes Iota so attractable.

(7) Dash (DASH) (Mineable Coin):

Dash aims to be the most user-friendly and scalable payments-focused cryptocurrency in the world. The Dash network features instant transaction confirmation, double spend protection, anonymity equal to that of physical cash, a self-governing, self-funding model driven by incentivized full nodes and a clear roadmap for on-chain scaling to up to 400MB blocks using custom-developed open source hardware. While Dash is based on Bitcoin and compatible with many key components of the Bitcoin ecosystem, its two-tier network structure offers significant improvements in transaction speed, anonymity and governance.

(8) Bitcoin Gold (BTG) (Mineable Coin):

Bitcoin Gold is a fork of the Bitcoin blockchain. At block 491407, Bitcoin Gold miners will begin creating blocks with a new proof-of-work algorithm, and this will cause a bifurcation of the Bitcoin blockchain. The original Bitcoin blockchain will continue on unaltered, but a new branch of the blockchain will split off from the original chain. The new branch is a distinct blockchain with the same transaction history as Bitcoin up until the fork, but then diverges from it. As a result of this process, a new cryptocurrency is born.

(9) Monero (XMR) (Mineable Coin):

Monero is a secure, private, and untraceable cryptocurrency. It is open-source and accessible to all. With Monero, you are your own bank. Only you control and are responsible for your funds. Your accounts and transactions are kept private from prying eyes. Monero is a decentralized cryptocurrency, meaning it is secure digital cash operated by a network of users. Transactions are confirmed by distributed consensus and then immutably recorded on the blockchain. Third-parties do not need to be trusted to keep your Monero safe. Monero uses ring signatures, ring confidential transactions, and stealth addresses to obfuscate the origins, amounts, and destinations of all transactions. Monero provides all the benefits of a decentralized cryptocurrency, without any of the typical privacy concessions. Sending and receiving addresses as well as transacted amounts are obfuscated by default. Transactions on the Monero blockchain cannot be linked to a particular user or real-world identity.

(10) Nem (XEM) (Coin):

NEM is the world’s first Smart Asset blockchain. Built from the ground up for enterprise-grade performance, NEM’s blockchain technology delivers a world class platform for management of almost any kind of asset: currencies, supply chains, notarizations, ownership records and more. NEM’S power is exposed through a straightforward and secure developer interface so that you can deploy your blockchain solution in record time. Whether you are building the next best mobile app or bringing blockchain into your existing business infrastructure, NEM makes blockchain work for you.

NEM’s Smart Asset system allows anyone to completely customize how they use the NEM blockchain, with a robust set of features including domain-like namespaces and full on-blockchain Multi-signature control. Any application can access these features through NEM’s simple API allowing easy integration within mobile apps, existing business infrastructure or contract logic. The NEM public blockchain provides an open and self-scaling platform for developers.

 

Source sited from coinmarketcap.com

 

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New Bitcoin ATMs In Asia

A new step for Bitcoins, a Bitcoin ATM is coming out and this time in Asia. This new ATM will be based on Hong Kong. more specifically Mongkok area, and according to the operators it will be functional by the March-April time period.

The adapters of this new Bitcoin ATM concept announced they will be offering the best Bitcoin price through a partnership with Bitcashout.com an established exchange.

The ATM will provide a comfortable user-end, fast transactions, and security to provide the most customer-friendly service.

This new ATM will offer the ability to purchase Bitcoins using fiat with ease, rather than wasting time waiting for bank-wire and other less advanced methods.

The operators of this new Bitcoin ATM decided to use an innovative and a low-cost bounty system, awarding Bitcoins for different contributions from the crypto-community for such as articles,video and similar.

What is Bitcoin?

Bitcoin is an innovative payment network and a new kind of money.

Bitcoin uses peer-to-peer technology to operate with no central authority or banks; managing transactions and the issuing of bitcoins is carried out collectively by the network. Bitcoin is open source; its design is public,nobody owns or control Bitcoin and everyone can take part.

Through many of its unique properties, Bitcoin allows exciting uses that could not be covered by any previous payment system.

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Easy Payments Using Bitcoins

Bitcoin is a new and innovative digital currency that can be accessible online, regardless of where you are. The bitcoin system is based on crypto-currency and it is acceptable all around the globe. Bitcoin works using a peer-to-peer (p2p) technology and operates without the need of a central authority or a oversight body. Bitcoin is a valuable form of virtual currency, as there is only a maximum of 21 million units in the market at a certain time. Besides that, new bitcoins are generated at a diminishing rate.

Compared to other online transaction systems like Paypal, bitcoin uses p2p which eliminates the need for a third party to complete the transaction. Using bitcoins will help you to save in terms of transaction costs. Especially for people and online businesses that make a large amount of virtual transactions, bitcoins can help you to reduce cost. Besides that, the currency is decentralized. What this means is that the currency is free from control of central authorities. Regular bank notes and coins are suppressed and controlled by statutory bodies which oversee the printing and distribution of real currencies to the public.

So how do you use bitcoins? First of all, you will need to create a bitcoin wallet. Bitcoin is a virtual currency, so you will have to keep it in an e-wallet. E-wallets are secure and easy to access and use. To get you started, you can start by signing up for a bitcoin wallet on the Internet. There are many service providers like My Wallet from blockchain.info which provides you with free e-wallet services.

To make bitcoins even more accessible, many companies are providing users with bitcoin wallet applications for smartphones. Selling and buying of bitcoins can now be completed with a tap on your smartphone. If you are an Android user, you will be able to find many mobile apps to sell and buy bitcoins on your Google Play Store.

To improve the security of your bitcoin wallet, most people download and install desktop clients to store their bitcoin transactions into their computers. After you start your bitcoin wallet, always remember to save the file and back it up from time to time onto your desktop. Unlike banks, you are in-charge of the safety of your currency and money. The Satoshi Client is widely used by bitcoin users as it has been in the market since 2009.

You can sell and but bitcoins after you have your wallet. There are a variety of methods that can help you obtain this virtual currency. You can purchase bitcoins from various sellers, receive it from business transactions, doing simple task and work to gain free bitcoins and you can carry out bitcoin mining. Bitcoin has been growing in demand over the years and the demand is expected to grow even stronger with the depreciation of real currencies. If you want to understand more about the concept of bitcoin and how it can benefit you and your business, feel free to search the Internet for more information.

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Where Can You Buy Bitcoins?

ForexMinute brings exclusive reviews of Bitcoin traders and the latest Bitcoin news which can be of great use for Bitcoin buyers. Thus, with the help of reviews and news, it helps customers buy Bitcoins without much hassle. Bitcoin, a revolutionary solution and a great option for fiat currencies, has become a popular tool for people who wish to challenge the existing system wherein currencies are being manipulated by the governments.

Know About Bitcoin

Bitcoin are virtual currencies that are not controlled by any government or bank and are limited in circulation. Thus, there is no risk of inflation. However, a major issue with this crypto-currency is it is volatile which is where Forex brokers come in i.e. they provide traders an opportunity to cash in on the exchange rate fluctuations like any other currency. It is highly speculative virtual currencyand helping thousands of customers earn a lot of profit doing Bitcoin trading.

Bitcoin Brokers Reviews

ForexMinute brings exclusive reviews for traders and customers; its Bitcoin brokers’ reviews provide ample information that traders may use while buying or selling Bitcoin. The online portal recommends that if you have been keeping an eye on the Bitcoin news recently, it must have been a striking fact that its value has appreciated and depreciated a lot to a great extent and that is where you need to update yourself.

The Bitcoin prices went higher in the early part of 2013 and then went down a lot after a couple of months and now again rising up to more than $120. ForexMinute brings exclusive information on such a fluctuation in the prices of Bitcoin and helps you gain a lot through informed decisions. Bitcoin related information is being disseminated by online media and ForexMinute is one of the leading names.

This online news portal for Bitcoin is a one-stop source that helps customers buy Bitcoin from a range of sources and sellers. A source from ForexMinute informs that like Forex trading, Bitcoin trading too needs informed decisions on the part of traders and that is where its role comes in. It offersBitcoin news and helps traders know the exact exchange rate before purchasing or selling the virtual currency.

ForexMinute informs that so many governments and countries are against Bitcoin and that is a major challenge for this virtual currency. The day these countries will accept Bitcoin, that will be the biggest day for the history of this democratic currency.

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