6 Incredible Benefits Of the Cryptocurrency

Although there have been market corrections in the cryptocurrency market in 2018, everyone agrees that the best is yet to come. There has been a lot of activity in the market that has changed the tide for the better. With proper analysis and the right dose of optimism, anyone invested in the crypto market can make millions from it. The cryptocurrency market is here to stay for the long term. Here in this article, we give you five positive factors that can drive further innovation and market value in cryptocurrencies.

1. Innovation in scaling

Bitcoin is the first cryptocurrency on the market. It has the maximum number of users and the highest value. It dominates the entire value chain of the cryptocurrency system. However, it is not without problems. Its main bottleneck is that it can only process six to seven transactions per second. By comparison, credit card transactions average several thousand per second. There is clearly room for improvement in transaction scaling. Using peer to peer transaction networks on blockchain technology, it is possible to increase the volume of transactions per second.

2. Legitimate ICOs

While there are stable value cryptocurrencies on the market, newer coins are being created that are designed to serve a specific purpose. Coins like IOTA are designed to help the Internet of Things market to exchange hard currencies. Some coins solve the cybersecurity problem by providing encrypted digital vaults to store the money.

New ICOs come with innovative solutions that disrupt the existing market and bring new value to transactions. They also gather authority in the market with their easy-to-use exchanges and reliable backend operations. They are innovating both on the technology side in terms of using specialized mining hardware, and on the financial markets side, giving more freedom and options to investors in the exchange.

3. Clarity of regulation

In the current scenario, most governments are looking into the impact of cryptocurrencies on society and how their benefits can accrue to the community at large. We can expect that there can be reasonable conclusions according to the results of the studies.

Few governments are already taking the path of legalizing and regulating crypto markets like any other market. This will prevent ignorant retail investors from losing money and protect them from harm. Appropriate regulations are expected to emerge in 2018 that stimulate the growth of cryptocurrency. This will potentially pave the way for widespread distribution in the future

4. Increase the application

There is huge enthusiasm for the application of blockchain technology in almost every industry. Some startups are coming up with innovative solutions like digital wallets, cryptocurrency debit cards, etc. This will increase the number of merchants willing to transact with cryptocurrencies, which in turn increases the number of users.

The reputation of crypto assets as a transaction medium will be enhanced as more people trust this system. While some startups may not survive, they will contribute positively to the overall health of the market by creating competition and innovation.

5. Investments from financial institutions

Many international banks are watching the cryptocurrency scene. This could lead to institutional investors entering the market. The influx of significant institutional investment will fuel the next phase of cryptomarket growth. It has attracted the attention of many banks and financial institutions.

As the surprises and difficulties surrounding cryptocurrencies diminish, there will be greater uptake by traditional investors. This will bring a lot of dynamism and liquidity, much needed for all growing financial markets. Cryptocurrency will become the defacto currency for transactions worldwide.

Cryptocurrency (or cryptography) is a controversial digital asset designed to function as a cryptographic medium of exchange to protect your transactions, additional monitor units and transfer of assets. Cryptocurrencies are a type of digital currency, alternative currency, and virtual currency. Cryptocurrencies use decentralized control instead of a centralized electronic money system and central banks.

The decentralized control of each cryptocurrency works through a blockchain, which is the basis of public transactions, which functions as a distributed ledger.

Formal definition

According to Jan Lansky, crypto may be a system that meets four conditions:

• The policy determines whether new units of cryptocurrency can be created. If new units of cryptocurrency can be designed, the system identifies the circumstances of the source with the ownership of these new units.

• If two different instructions are entered to change the purchase of the same cryptographic units, the system executes at most one of them.

• The system allows transactions to be carried out in such a way that the owner of the cryptographic unit changes. A statement transaction can only be issued by an entity proving the current owners of these units.

• The ownership of cryptocurrency units can be shown exclusively cryptographically.

Review

Decentralized cryptography collectively produces the entire system of cryptographic services at a rate determined at the time the system was created and is publicly known. In centralized banking and economic policies, such as the Federal Reserve System, administrative committees or governments control the money supply by printing trust fund units or by requiring additional digital ledgers. In the case of a decentralized cryptocurrency, governments or companies cannot produce new units and yet they are not compatible with other companies, banks or organizations that have ownership value. The main technical system based on decentralized cryptocurrencies was created by a group or individual known as Satoshi Nakamoto.

As of May 2018, there were more than 1,800 crypto-transparent specifications. The cryptocurrency system, security, integrity and balance records are maintained by a community of mutually suspicious parties, called minors, who use their computer to confirm the time of the transaction by adding it to the registry according to a specific timestamp scheme.

Most crypto copies are designed to gradually reduce the production of this currency by limiting the total amount of these coins that will be in circulation. Compared to common currencies held by financial institutions or maintained

cash in hand, it can be harder for the police to catch crypto. This problem comes from the use of cryptographic technologies.

Well, as with almost anything else in life – if not everything – you have to buy it before you can invest in it. Investing in Bitcoin can be very challenging and that is if you don’t have a step set in front of you.

First you need to know that Bitcoin is a type of cryptocurrency, one of the first digital currencies that was invented, designed and developed by Satoshi Nakamoto and released to the public in 2009.

And from there, updates as well as improvements are made by a network of very experienced developers and the platform is partially funded by the Bitcoin Foundation.

Since bitcoins have become a hot topic of interest and many people are investing in them, there is nothing wrong if you also get a little digital wealth. It is interesting to note that in 2012, Bitcoin firms only managed to raise $2.2 million.

Despite falling prices this year, the cryptocurrency continues to see growth among both consumers and merchants who accept it as payment.

So how can you be a part of the action? Investing in Bitcoin can be easy for the average Joe if he just buys straight.

Buying it today is made easy with many businesses in the United States and everywhere involved in the business of buying and selling.

For US investors, the easiest solution is Coin Base, which is a company that sells BTC to people at a premium, which is usually about 1% above the current market price.

If you want a traditional exchange, Bit Stamp might be a better option as you will be trading users not only with the company but also with the users.

The company acts only as an intermediary. Liquidity is higher and you can almost always find another person to take the other side of your trade.

Fees start at 0.5% and go up to 0.2% if you’ve traded over $150,000 in the last 30 days. All of them are already investment vehicles in their own way, because the more BTC you buy, the more profit you will accumulate if you decide to store them or resell them to other traditional buyers at a higher price than what you bought with real companies.

You can also buy bitcoins in another way other than an exchange. One of the most popular routes to so much offline is Local Bitcoins, which is a website that connects you with potential buyers and sellers. Upon purchase, the coins are locked by the seller in escrow, from where they can only be released to buyers.

But buying bitcoins offline should be done with some extra precautions that are always common, just like you would when meeting a stranger. Meet during the day in a public place and if possible bring a friend.

Bitcoin is the hottest thing online right now. Investors and venture capital firms are betting it’s here to stay. There are many ways for the average Joe to invest and buy Bitcoins.

In the US, the most popular avenues are Coin Base, Bit Stamp and Local Bitcoins. Each has its advantages and disadvantages, so do your research to find the one that’s right for you.

Bitcoin is a type of digital currency based on the peer-to-peer network. It was introduced in 2009. What makes this type of currency different from the usual currency in use is that it is not centralized or dependent on a bank or government authority. However, Bitcoin offers many advantages. For example, it involves lower transaction fees than conventional payment mechanisms. Let’s take a look at 4 benefits you can enjoy if you invest in Bitcoin. Read on to learn more.

Multiple uses

In the beginning, Bitcoin users used the currency to make routine financial transactions without paying many fees. Since then, the currency has been used for many other purposes.

In fact, Bitcoin uses blockchain technology to facilitate digital transactions. Therefore, all transactions are verified and validated first. Moreover, all transactions can be viewed online through the database available on the blockchain site.

Additionally, Bitcoins can be used for digital trading of land ownership securities, insurance claims, etc. However, it is important to note that these uses are in the developmental stage. Therefore, they have not yet become part of the mainstream.

However, the currency is quite successful. Hence, it brought a revolution to the entire industry. According to many researchers, the value of Bitcoin will continue to grow in the future. That’s why it’s a great idea to invest in BTC if you want to earn a great return on your investment.

Expected earnings

First of all, it is important to note that the potential gain is higher than the potential loss when it comes to investing money in Bitcoins. According to many crypto analysts, Bitcoin will become an international currency in the future. In other words, the chances of losing money are lower than the chances of making a significant profit. So it is somewhat of a safe investment.

If this happens, it will give a boost to world trade. As a result, the value of one bitcoin will increase by 20,000 times its current value. However, this can only happen if this currency is recognized as a valid currency for domestic and international trade.

Interest on your investment

Because bitcoins are accepted as a type of commodity money, you can invest your bitcoins just like you would invest money in any business using traditional fiat money. Therefore, you can also earn interest on the invested money. Also, you can sell your bitcoins once their value increases.

Easy access

The interesting thing is that you don’t have to hold your bitcoins for a long time to make any profit. Based on how much money people transfer to the Bitcoin network, you can also earn a profit in a short period of time.

In short, it’s a great idea to invest in Bitcoin in 2019. Just make sure you follow the latest developments to grab the opportunities available.

The popularity of digital currency is increasing day by day. Bitcoin is one of the most famous cryptocurrencies. It allows participating people to earn and buy currency without any regulation from a bank or central authority. Transactions are done directly between users.

Currently, cryptocurrency has its own special segment of users and the interest in searching for cryptocurrency or Bitcoin is growing at a tremendous pace. This is due to the following advantages offered when using cryptocurrency:

• Digital currency is preferred as it is more secure than other currency. Only the owner has access to his account and he just needs to send the payment to the merchants. There is no need for him to reveal his details. Therefore, there is little risk of identity theft or fraud in this case.

• Since no bank or central agency controls the transactions, it gives the user maximum privacy and security.

• No third party involvement also means less transaction fees for the user.

As a business, you should aim for better SERP positions to stay ahead. Skipping Google search results would be a costly mistake. SEO would help position your website higher in search engine results. This will result in a higher volume of targeted traffic and qualified leads for you. More leads would mean more customers and more revenue.

SEO for companies that use digital currencies is a bit different than traditional SEO. You need to be specific with both your organic and paid search results and make sure your digital currency website is bringing in quality traffic and conversions.

The following steps are essential for optimizing your website:

Monitor your keywords regularly

Make sure you are using the most competitive keyword in the market. You would like to rank high for terms like bitcoin, bitcoin value, bitcoin price, ripple, dash, etc. Do a few Google searches to see your current position on it. And adjust your content accordingly. Bidding on less competitive keywords can be a more effective strategy than bidding on highly competitive paid search keywords.

Constantly create content

Fresh content not only lures your old visitors back, but also gives Google more content to read. More content will allow more and related keywords to be used and help improve search engine rankings. Publishing regular articles/blogs would help inform and educate your visitors and build trust among them. This would also encourage them to use digital currency with ease.

Analyze your competition

Reviewing your competitor’s performance will help you make sure you don’t fall behind in the game. You can use various tools available online and get an insight into your competitors’ promotion strategies and their results. Get competitor data and compare where they are performing better. Research its organic and paid keywords and make appropriate adjustments.

A business can do their SEO or it is advisable to hire a Digital Marketing Agency who are experienced in digital currency search engine optimization services.

One of the primary mandates of blockchain technology is to provide users with unwavering privacy. Bitcoin as the first ever decentralized cryptocurrency relied on this premise to market itself to a wider audience that then needed a virtual currency that was free from government interference.

Unfortunately, along the way, Bitcoin has been riddled with several weaknesses, including a lack of scalability and a volatile blockchain. All transactions and addresses are recorded on the blockchain, making it easy for anyone to connect the dots and reveal users’ personal data based on their existing records. Some government and non-government agencies are already using blockchain analytics to read data into the Bitcoin platform.

Such shortcomings have led to developers looking for alternative blockchain technologies with improved security and speed. One of these projects is Monero, commonly represented by the XMR ticker.

What is Monero?

Monero is a privacy-oriented cryptocurrency project whose main goal is to provide better privacy compared to other blockchain ecosystems. This technology protects users’ information through hidden addresses and Ring signatures.

A stealth address refers to creating a single address for a solo transaction. No two addresses can be attached to one transaction. The resulting coins go to a completely different address, making the whole process unclear to an outside observer.

Ring signature, on the other hand, refers to mixing account keys with public keys, thus creating a “ring” of multiple signers. This means that a monitoring agent cannot associate a signature with a specific account. Unlike cryptography (a mathematical method for securing crypto projects), ring signature is not a new kid on the block. Its principles were researched and recorded in a 2001 report by the Weizmann Institute and MIT.

Cryptography has certainly won the hearts of many blockchain developers and fans, but the truth is that it is still a nascent tool with a handful of applications. Since Monero uses Ring’s already tested signature technology, it stands out as a legitimate project worth adopting.

Things you need to know before you start trading Monero

The Monero Market

The Monero market is similar to that of other cryptocurrencies. If you want to buy it then Kraken, Poloniex and Bitfinex are some of the exchanges you should visit. Poloniex was the first to adopt it, followed by Bitfinex and finally Kraken.

This virtual currency most often seems to be pegged to the dollar or against other cryptocurrencies. Some of the available pairs include XMR/USD, XMR/BTC, XMR/EUR, XMR/XBT and many more. The trading volume and liquidity of this currency record very good statistics.

One of the good things about XMR is that anyone can participate in mining either as an individual or by joining a mining pool. Any computer with significantly good processing power can mine Monero blocks with a few hiccups. Don’t bother choosing ASICS (Application Specific Integrated Circuits) which are currently mandatory for Bitcoin mining.

Price volatility

While it’s a great cryptocurrency network, it’s not that special when it comes to volatility. Virtually all altcoins are extremely volatile. This should not worry any keen trader as this factor is what makes them profitable in the first place – you buy when prices are falling and sell when they are in an uptrend.

In January 2015, XMR was trading at $0.25, then rose to $60 in May 2017 and is currently hovering above the $300 mark. Monero coin recorded its ATH (all-time high) of $475 on January 7, before starting to fall along with other cryptocurrencies to $300. At the time of writing, virtually all decentralized currencies are in a price correction phase, with Bitcoin hovering between $10-11k from its glorious ATH of $19,000.

Substitutability and adoption

Due to its ability to offer reliable privacy, XMR has been adopted by many people who make their coins easily exchangeable for other currencies. In simple words, Monero can easily be exchanged for something else.

All bitcoins on the bitcoin blockchain are recorded, and therefore when an incident such as a theft occurs, every coin involved will be decommissioned, making them irreplaceable. With monero, you cannot tell one coin from another. Therefore, no seller can reject any of them because it is related to a bad incident.

Currently, the Monero blockchain is one of the trendiest cryptocurrencies with a significant following. Like most other blockchain projects, its future looks great despite looming government crackdowns. As an investor, you should do your due diligence and research before trading any cryptocurrency. Whenever possible, seek help from financial experts to get you on the right track.

Cryptocurrencies are the latest ‘big thing’ in the digital world and are now recognized as part of the monetary system. In fact, enthusiasts have labeled it the “money revolution”.

Put plainly, cryptocurrencies are decentralized digital assets that can be exchanged between users without the need for a central authority, most of which are created through special computing techniques called “mining.”

The acceptance of currencies such as the US dollar, the British pound and the euro as legal tender is because they were issued by a central bank; however, digital currencies, like cryptocurrencies, do not rely on the public’s trust and confidence in the issuer. As such, several factors determine its value.

Factors that determine the value of cryptocurrencies

Principles of a free market economy (mainly supply and demand)

Supply and demand is a major determinant of the value of anything of value, including cryptocurrencies. This is because if more people are willing to buy a cryptocurrency and others are willing to sell, the price of that particular cryptocurrency will increase and vice versa.

Mass adoption

Mass adoption of any cryptocurrency can shoot its price to the moon. This is because the supply of many cryptocurrencies is limited to a certain limit, and according to economic principles, an increase in demand without a corresponding increase in supply will lead to an increase in the price of that particular commodity.

Many cryptocurrencies have invested more resources to ensure their mainstream adoption, with some focusing on the applicability of their cryptocurrency to pressing personal life issues as well as crucial everyday cases, with the intention of making them indispensable in everyday life.

Fiat inflation

If a fiat currency, such as the USD or GBP, becomes inflated, its price rises and its purchasing power falls. This will then cause cryptocurrencies (let’s use Bitcoin as an example) to increase relative to that fiat. The result is that you will be able to acquire more of this fiat with each Bitcoin. In fact, this situation is one of the main reasons for the increase in the price of Bitcoin.

History of fraud and cyber attacks

Scams and hacks are also major factors affecting the value of cryptocurrencies, as they are known to cause unusual fluctuations in valuations. In some cases, the team supporting a cryptocurrency may be the scammers; they will pump up the price of the cryptocurrency to attract unsuspecting individuals and when their hard-earned money is invested, the price is reduced by the scammers who then disappear without a trace.

That’s why it’s imperative to be wary of cryptocurrency scams before investing your money.

Some other factors to consider that affect the value of cryptocurrencies include:

• How cryptocurrency is stored, as well as its utility, security, ease of acquisition and cross-border acceptability

• The strength of the community supporting the cryptocurrency (this includes funding, innovation and loyalty of its members)

• Low associated risks of cryptocurrency as perceived by investors and users

• Journalistic mood

• Cryptocurrency market liquidity and volatility

• Government regulations (this includes the ban on cryptocurrency and ICOs in China and its acceptance as legal tender in Japan)

Bitcoin is the most popular word in the financial space. In truth, Bitcoin has blown up the scene in the last few years and many people and many large companies are now jumping on Bitcoin or cryptocurrency wanting a piece of the action.

People who are completely new to the cryptocurrency space constantly ask this question; “What exactly is Bitcoin?”

Well, for starters, Bitcoin is actually a digital currency that is outside the control of any federal government, is used all over the world, and can be used to buy things like food, drinks, real estate, cars, and more.

Why is Bitcoin so important?

Bitcoin is not susceptible to things like government control and fluctuations in foreign currencies. Bitcoin is backed by the full faith of (you) the individual and is strictly peer-to-peer.

This means that anyone who transacts with Bitcoin, the first thing they realize is that it is much cheaper to use than trying to send money from bank to bank or using other services out there that require sending and receiving money internationally.

For example, if I wanted to send money to, say, China or Japan, I would have to have a fee from a bank, and it would take hours or even days for that fee to get that money there.

If I use Bitcoin, I can do it easily from my wallet, mobile phone or computer instantly, without any of these fees. If I wanted to send, for example, gold and silver, it would require a lot of security, it would take a lot of time and a lot of money to move bullion from point to point. Bitcoin can do it again with the tap of a finger.

Why do people want to use Bitcoin?

The main reason is that Bitcoin is the answer to these destabilized governments and situations where money is no longer as valuable as it used to be. The money we have now; the paper fiat currency that is in our wallets is worthless and will be worth even less in a year.

We are even seeing large companies showing interest in blockchain technology. A few weeks ago, a survey was conducted among a handful of Amazon customers to see if they would be interested in using a cryptocurrency if Amazon created one. The results of this showed that many were very interested. Starbucks has even hinted at using a blockchain mobile app. Walmart has even filed for a patent for a “smart package” that will use blockchain technology to track and authenticate packages.

Throughout our lives we have seen many changes take place from the way we shop, the way we watch movies, the way we listen to music, read books, buy cars, look for homes, now how we spend money and bank. Cryptocurrency is here to stay. If you haven’t already, it’s time for everyone to fully explore cryptocurrency and learn how to take full advantage of this trend that will continue to thrive throughout time.