EOS Cryptocurrency

 

 

With a Market capitalization of over 2.5 billion USD and ever rising price, EOS is a hot topic in the corridors of technology.  While trying to address the issue of scalability, EOS is a technology based on blockchain and is very much similar to a decentralized operating system. What this means is, the developers can collaborate and build decentralized applications faster. There is a common set of rules for all the developers, common username/passwords, applications talking to each other while sharing databases at the same time.

How EOS is better:

  • It is gaining heights due to two very important offerings, one being the ‘free usage’. Unlike Ethereum, it’s main competitor which charges for every transaction, EOS does not charge anything for any number of transactions, hence gaining the popularity.
  • Second important offering is that in contrast to Ethereum, which uses a Proof of Work model which actually was the first consensus mechanism based on blockchain and in itself is quite expensive, EOS prefers Proof of Stake which helps it in addressing the issue of scalability. Because of the proof-of-stake mechanism, EOS can compute millions of transactions per second.
  • Unlike other blockchains where a user is bound to use a specific language for the development of applications, EOS gives flexibility to support any language which has a web assembly compiler, example C/C++.

EOS is also making some of the financial analysts worried as well. With the announcement EOS made, that they will be distributing 1 billion tokens in the market, it did upset the investors who never want to see such a huge number in the market. In comparison to Bitcoin which has 21 million tokens and Ethereum which sits on the pile of 93 million tokens, with the huge number of 1 billion, investors don’t see huge potential in EOS tokens. Also what might come as a shock to many, was the open admission by EOS where they blatantly accepted that EOS tokens do not have any purpose or usage. This made many investors curious about how EOS is expecting to raise the capital while making such statements which can tag EOS tokens as useless.

Cryptocurrency Start-Up Ideas

 

Did you also notice all the rumbling around cryptocurrency in 2018? Thanks to the surge in ICOs, it has become the talk of the town ever since. Moreover, the start-ups like Bit-Exchange are providing the readymade blockchain projects to quickly facilitate your new venture in 2019. Let’s now talk about some ideas you can try your hands on in case you are thinking of jumping in to the vast ocean of cryptocurrency.

 

Cryptocurrency Exchange – In cryptocurrency exchange, people trade their currency for other cryptocurrency as well as can sell them flat for other physical currencies viz. USD, AUD, EUR etc. Since cryptocurrency has seen a huge turnout of investors in recent times, existing exchanges are not able to handle this much volume and so the demand for such exchanges is increasing. This makes it a venture worth giving a shot.

 

Payment apps for overseas transfer – The second hot topic in that makes to this list is Payment apps for overseas transfer. If you have travelled out of your home country for a significant amount of time, you might be aware of pain in transferring money to loved one’s back home. This is because of the time consuming process along with all the middlemen who charge a sum for making this transfer. This ultimately increases the overall cost of sending the money overseas. Using the blockchain tech. which uses XLM token, you can remove all the middlemen while reducing the transaction time in one go.

 

Cryptocurrency Wallet as-a-service – If you have inclination towards security and hacking related issues, this idea is for you. Cryptocurrency is currently plagued by the hackers who notoriously are making attacks on Wallets around the world. This makes people wary and confused about what all Wallets available in the market they should trust. If you can raise enough awareness and come up with a robust security system, you can offer it as-a-service to the cryptocurrency owners. This will make the owners worry-free by freeing them from the hassle of choosing among the available Wallets and at the same time will be profitable for you.

 

Crypto as currency to spend on Wedding Arrangements

 

A wedding is a beginning of a new relationship, new life of two persons. A wedding is a grand affair for the entire family and the family wants to make it more memorable and enjoyable. Wedding planning refers to the design, management and documentation of all the wedding events. Wedding planning is sourcing and managing wedding suppliers, arranging wedding venues, and paying them timely for their services.

The services in wedding planning may involve designing and drafting decoration of the wedding, contracting service providers and wedding professionals such as suppliers, videographers, florists, photographers, beauticians. It also include coordination of all the services/deliveries for wedding purpose, and develop wedding layout such as the location of the dance floor, buffet points, chairs, tables, lounge, etc. A perfectly captured picture can relive the best day for years and a perfect moment captured in the perfect manner is worth a million. It is photography that can click unplanned moments of the people emotions, be it cheerfulness, joy or tears. Arranging a good photographer is very important for a great photography. Wedding videography is one of the best and pleasurable profession for the lovers of photography. However, it is also a stressful and challenging work. Wedding videography helps people to capture and save best moments of their life forever.

It is good for the couples to prepare well in advance and get assistance in the development, design and logistics. Planning of wedding also include planning of payments. Mostly people prefer to use their debit/credit cards to complete the payment process, but now a new concept of paying money through cryptocurrency has emerged. People like to spend their crypto to pay all their wedding dues. It is a good concept as it has low transaction fee, fraud fee, is accessible anywhere, and can be used internationally without any charges. Wedding is a grand affair and many times people are buying things/services outside their own country to make their wedding lavish. Bitcoin or eos crypto are the easiest forms to pay internationally without any bank interference or charges. There are many vendors, service providers, and venues that accept bitcoins as a payment option for their services.

Bitcoin wallets-At a Glance

The approach of cryptocurrency is purely different as it is a digital currency which do not exist in any kind of physical form and cannot be stored anywhere. Bitcoin is one of the highly used and popular cryptocurrency. Bitcoin address and sign for the transaction are accessible only through private keys. The combination of user public key and private key makes bitcoin transaction possible. Bitcoin also need a wallet to keep it but it is not like a physical wallet. A place where both bitcoin address to receive bitcoins and private key to spend/transfer bitcoins are kept, is known as bitcoin wallet. A wallet is just like a digital file that safely stores bitcoins. There are many types of bitcoin wallets in the world such as:

  • Hardware bitcoin wallet– it is highly secured and the safest way to store bitcoins. It is an offline mode wallet and provides no chance of loss or theft of bitcoins. These wallets need private keys and digital signature to spend bitcoins. Example of hardware bitcoin wallet are ledger Nano S and Trezor.
  • Mobile bitcoin wallet– mobile wallets are the wallet applications which can be installed on mobile phones. Compatible wallets are available for every type of mobile phones such as Android, iOS, windows or blackberry. Unocoin, Mycelium, samourai are some of the examples of mobile wallets.
  • Desktop bitcoin wallets- desktop bitcoin wallets are installed on various desktops such as windows, Mac, or Linux on the basis of their compatibility mode. Some example are Exodus, Electrum, and Jaxx.
  • Web bitcoin wallets- web based bitcoin wallets are web services and can be reachable by internet based browsers such as IE, Firefox, or Google chrome. Private keys of these wallets can be accessible by internet only. These are also known as hosted wallets as online wallet server stores the client’s bitcoins. Examples are Coinbase, Xapo etc.
  • Paper bitcoin wallets– this wallet is the piece of paper on which bitcoin public address and private address is printed. This is an offline mode of saving bitcoins and secured by owner so there is a low threat to loss of bitcoins electronically.

Some bitcoin wallets are based on their connectivity such as

  • Hot bitcoin wallets – connected 24/7 with internet connectivity.
  • Cold bitcoin wallets– stored offline in paper, USB drives, or Hard drives

Some Bitcoins wallets are based on keys custodianship, such as

  • Custodial wallets- some agency/ exchange services stores bitcoins in behalf of the client
  • Non-custodial wallets- when client himself take responsibility of their own funds

There are various types of bitcoins wallets in the world. It is good to choose wallets which is suitable to your needs, level of activity and level of security.

Things you should do while making money from cryptocurrency

 

The trend in investments in crypto currency has been growing since a few years now which is mostly because of the large profit margins associated with it. Now, it is established with people losing money over crypto currency that it is not a fortune investment where everyone can cook something. It has always been about knowledge of the market and its application when it comes to making money. Though you might not have to suffer loss if you keep these things in mind.

Be Aware:

Awareness and knowledge would definitely help you mark your ground in this line of investment. Since, most of the transactions are easily associated with clever exchanges and cycles, you need to know the basics of crypto currency before investing in them. This is the very basic of investing in anything actually, since you would need to know about what you are investing in.

Avoid pooling your money:

The very best way to stay safe from one loss is to make it up with a better profit at the same time. There would always be ups and downs in investments and it is never hundred percent risk free. So, to keep yourself out of the complete loss, make sure to invest on vast crypto currencies and not on single ones. In this way, the probability of your loss becomes low and you create a sense of security around you. Check out here for further details.

Be patient in selling and buying:

While purchasing a set of crypto currency make sure that you understand the timing of their purchase and selling. In this way you can earn maximum profit while minimising the chances of loss.

Be Practical:

A generic piece of advice to do anything would be to stay practical while you are at it. The very means of being practical is referred to the understanding that your money would not grow over night. So be patient with that aspect while investing your money on buying cryptocurrency.

Following these four tips would not make you an expert in cryptocurrency trading but would definitely help you build a great understanding of the same.

Investing in Cryptocurrency in 2018

 

Over the last few years the scene in crypto currency has advanced a lot. It is a matter of great change since before the current decade there was no existence of such investment scheme in the market. It only came into the picture when people started earning high returns out of it. The value of these investments boomed in the middle of the decade which was a crucial stage for its popularity.

What has changed?

Ever since the idea of crypto currency investment has come into the picture there have been a number of different currencies coming up. In form of coins and digital currency they have been a part of business funding in the recent times. There is also a scope of risks and understanding with theory while investing in them. Having more options to invest creates a sense of confusion among the traders and general investors.

Risk factors and options:

The investment has significant risk factors in the current time which cannot be overlooked in 2018. This is because of a number of other coins being introduced every day. To properly minimize the risk, you need to invest in a diverse manner which would lower your chances of loss. It would also help you recover from other losses on the contrary where you would have sustained a heavy loss if invested on a particular coin. The understanding of the market is even more important to invest properly.

Timing:

The time frame for a coin to mature in 2018 is significantly slower than the previous years. Businesses and other traders who invest know this for a fact and invest accordingly on their desired crypto currency. Makes sure you buy and sell patiently to make the most of it.

The people earning with cryptocurrency at earlier point of its existence had limited options in investments which was sure to have good returns. This has neutralised to some extent in the current time. Learn more about investing here. Make sure you fully understand the coin you are investing in and then take the final decision in order to successfully trade.

 

Bitcoin or Altcoins, What Should You Buy?

 

Bitcoin is currently ruling the crypto industry. It is the most expensive cryptocurrency the world has seen till date. Although banned in a few countries, Bitcoin’s price is constantly growing. There was a fall in the past but it has again re-established itself as the most prominent crypto asset.

Now you must know that Bitcoin is not the only crypto asset in the crypto industry. It is one of many cryptocurrencies which are being purchased and traded on a daily basis. If you are willing to enter the cryptocurrency market, buying Bitcoins might not be an option for you because of its expensive cost. However, you can still be a crypto trader if you invest in Altcoins. The Altcoins are alternative coins such as Ethereum, Dogecoin, Ripple, Litecoin, etc. These crypto assets are cheaper and yet beneficial.

Should you invest your money in altcoins?

The answer is yes! Bitcoin’s growth proves that how beneficial it can be to invest in a cryptocurrency which is slowly strengthening its place in the crypto industry. The altcoins might not be as expensive as Bitcoins but their value is also growing. Ethereum was launched in 2015 and now it is the 2nd most popular crypto asset.

There are numerous retailers and companies accepting crypto payments. Whether you want to travel, buy products, or use services, you can make the payment in cryptocurrency. The traditional economists might not find it interesting but the crypto market is flourishing much faster than any other market. Many new altcoins were launched in the recent few years. A lot of new startups are now planning to introduce their crypto tokens and sell them during the ICOs. You might find it pretty weird that thousands of crypto investors are actively buying new crypto tokens with a huge potential for success in the future.

You will spend a very affordable amount to buy an altcoin today. Its value will certainly rise in the future as the demands will increase. You can hold your crypto assets and wait for the right moment to trade it. Online crypto exchanges will provide you with many great opportunities for crypto trading in altcoins.

Betting and Crypto – The Perfect Match?

 

The gambling industry is undoubtedly one of the worlds most lucrative. From Las Vegas to Macau and everywhere in between. If you are someone who likes an occasional flutter or a professional player, this industry can be both exciting and lucrative.

The problems however, are not far from the surface. Whilst we enjoy a relaxed, even liberal attitude to betting in Australia and throughout Europe, there are many countries whose betting industries have been stifled and even prohibited completely by overbearing bureaucracy. This is where crypto and the blockchain can be hugely beneficial.

Why the Gambling Industry Needs Crypto

As we mentioned, some of the world’s largest countries have a pretty conservative stance on gambling. This includes the USA, where, aside from a small pocket of areas and activities, are pretty staunch when it comes to being against gambling. South Korea too is a nation which completely prohibits ANY form of gambling for its citizens. This goes so far as to even prosecute some Koreans after they return from gambling trips in OTHER countries.

Ultimately, this removes a huge number of potential gamblers and revenue from the industry. Crypto can and has been implementing itself as the solution. The ease with which you can transfer coins from you secure crypto wallet to a betting site, and vice versa is staggering.

The speed of transactions, removal of costly intermediaries and full transparency of the networks are only a few reasons why these two sectors go hand in hand so well.

Why Crypto Needs Gambling

This is another simple and logical set of reasons. At the end of the day, the more people who are exposed to, and using cryptocurrency in their daily lives, the bigger the entire sector will become. What better way to introduce new users and spread crypto fever than harnessing an industry and hobby which millions of people love, and allowing them to carry it out in a safe and cost-effective environment.

When Can I Trade My ICO Tokens?

This is one of the biggest questions which many potential investors will have when investing in ICOs. This is especially true if you are investing a large amount or the sum which you are investing is of significant importance to your own balance sheet.

The time at which an ICO projects token becomes tradable will depend on a number of variables and at the end of the day, it is really up to the company when that will happen. Here is a list of the variables which will impact the timeframe for which a token becomes tradable.

ICO Completion and Audit

Generally speaking, the ICO itself will have to conclude for trading of the token to begin. Following the conclusion of the ICO, most respectable projects will conduct a thorough audit. This will likely take at least 30 days. In truth, if a company is not auditing its ICO after completion then you probably don’t want to be invested in it at all. After completion of the audit, the tokens will usually be distributed to the respective wallets of investors and trading can commence.

Exchange Partnerships

This is the absolute most vital point which must be satisfied in order for an ICO token to begin trading. The project team must have an agreement in place to list their token on specific exchanges. This is not as easy as it sounds. Listing on an exchange is expensive. Getting listed on major exchanges can cost huge amounts and this is not always something which projects are prepared for.

There will also be the question of other criteria which a token should fulfil to get listed on an exchange. This verification process can be in-depth and take time. Ultimately, the decision whether to list a coin for trading will be at the discretion of the exchange itself.

Market Conditions

The current market conditions are a hugely variable factor which can always have a serious impact on the trading schedule of a coin. The project may have planned in good faith to have its coin available for trading at a certain time but market conditions with regard to both liquidity and possibly legislation can be unpredictable and change fast.

Conclusion

The launch of a coin for trading is reliant on many variable parts and the best conclusion is to say that the timing is always subject to change. In those cases where your coin has not launched as soon as expected, your best solution is to just wait it out and trust in your initial investment feelings.

How Much Does it Cost to ICO?

How long is a piece of string? – ICOs have become outrageously popular as a means of funding in recent times. More and more are opening up on a daily basis. Most project teams see an ICO as the perfect way to fund their new venture.  The cost of launching an ICO depends on some key factors, but everything is within your powers of control.

Initial Developments

First things first, presuming you have a fantastic concept, or something pre-existing and you wish to set the wheels in motion for an ICO. At this point, you will need to begin establishing a team around you. These include a site designer to design and launch your landing page, a programmer with expert knowledge of the blockchain to code the actual token and parameters of the sale, a legal advisor who can keep you aware of the changing landscapes and ensure you stay compliant, and finally a technical writer who can put together a killer whitepaper.

Ideally, doing some of these things yourself (skillfully) will be a great money saver.

Launch Preparations

The dominant consideration once your token is “ready for launch” is marketing. Marketing an ICO is one of the most competitive areas a project could enter at his moment. You need to get your ICO listed on some of the major rating agencies, they are very costly depending on the level of promotion. Then there is general advertising which is becoming more and more difficult.

Then you have your organic articles and social community management on forums like Bitcointalk, Telegram groups and other media channels.

This is why we are seeing a huge rise in the cost of marketing a project. In fact, it is not uncommon to see up to 15% of an ICO budget allocated to marketing in some form or another.

Post Launch

So your ICO has successfully launched. It is starting to generate investment. You need to have your team include a blockchain security expert even before this point to ensure your safety measures are watertight. Launching an ICO makes you a red rag to a hacker.

Don’t forget that post launch, you need to keep promoting hard and selling through any means possible. Again this means keeping the marketing team very busy.

Once your ICO has closed, you are not done yet. The process will then need to be extensively auditing and reported.

Ultimately, an ICO launch can cost anywhere from $50,000-$150,000, a lot of which is dependent upon how much you market the project. This ballpark figure is one which continues to rise.