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Here are some suggested best Altcoins you might consider to invest in 2017:

Ethereum:

Vatalik Buterin stated in late 2013, this blockchain based, public, and open source distributed computing platform is the great rival of Bitcoin. The Ethereum’s main target was to program required agreement into the blockchain that led to the introduction of a new smart contract hallmark. It has gone from $8 to $130 1st of January to 17th of June and its worth is $235.91 at the time of writing which is impressive.

Litecoin:

Litecoin is a peer-to-peer virtual currency which allows flash and almost zero cost subsidies to anyone who is producing it. This digital currency is a global remittance and an open source channel which is totally decentralized without any major credit. Math defends the arrangement and offers the people to regulate their own investment. The main features of Litecoin include advanced storage capacity and high-speed transaction verification times than the other digital currencies.

Dash:

Dash is the first decentralized and independent system which offer their users all that Bitcoin has to offer. It also presents their users some advanced capacities which include private transaction, instant transactions, decentralized governance. Dash offers the users the solutions for applying increased time to confirm a transaction, double spending dilemma, and secrecy concerns etc.

Ripple:

Ripple is a technology which allows the banks to send real-time payment worldwide across the network. It’s also a solution which exclusively relates to securing real-time payment among the banks at low cost, low risk, and a great speed. Some international banks such as Mizuho Financial Group, Siam Commercial Bank, UBS, and Fidor Bank have joined hands with the Ripple which show the remarkable potential of Ripple.

Primecoin:

Primecoin is an altcoin, produced by Sunny King. It finds the prime chains composed of Cunningham and the Bi-twin chain for proof-of-work, which may drive to some useful byproducts. These prime number chains consider being very important for the mathematical investigation.

Peercoin:

This digital currency does not have an inflexible limit on the possible coins like Bitcoin and Litecoin. Peercoin has designed to grow an annual inflation rate of 1 percent. If you have got a device which works for Bitcoin network then the same device will also work with Peercoin.

Dogecoin:

Dogecoin introduced on December 8, 2013. It made its online community rapidly and lead at a capitalization of 60 million USD in January 2014. Dogecoin project has a large number of the coin which is lower in value and suitable for transferring out the small transactions. It provides faster transaction and it’s also extremely cheap.

Feathercoin:

Feathercoin offers borderless transactions by using an end to end technology. It has enough uniqueness to bypass banking and it is one of the best features of Feathercoin. Conflicting to other digital currencies, it revives on regular basis to combine additional features and developments and providing a safeguard for the fork.

Monero:

Different from other digital currencies which are challenging to Bitcoin, Monero base on the CryptoNote protocol. It occupies basic algorithm irregularities and restating to the blockchain complications. It offers the characters with the Ring Signatures and Stealth Addresses. Monero has also a discreetly fleet production arcs.  Monero with a smaller inflammation of 12% per year is already acceptable and it’ll surely a risk for the Bitcoin rank in DarkNet markets.

Antshares:

Antshares is the newest platform to make a call on the market with a shouting cap of more than $7 million at the issuing time. It has produced some serious partnership with different chief multinational companies in the world as Alibaba.

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3 thoughts on “What Are The Best Altcoin To Invest in 2017?

  1. Exceptional content! I absolutely demonstrated a going through. I’m hoping to learn to read added away from you. There’s no doubt you’ll have beneficial awareness not to mention dream. My group is seriously pleased just for this important info.

  2. Hi Douglas, Sorry been away a few days. Yes on Localbitcoins, I was following your guide to the letter. Seems quite widespread there. I’m assuming it didn’t used to be like that? Chris

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Areas That May Require Your Attention in the Crypto-World

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The point of using a digital currency is that it’s completely decentralized and disconnected from any government control. Yet, some exchanges completely defeat the purpose of digital currency by placing it into third-party systems. It is essential to understand that we no longer have to give up our control over our assets and shouldn’t be dependent on governments to protect them.

This is a review of “Tim Swanson’s” – “Eight Things Cryptocurrency Enthusiasts Probably Won’t Tell You.” Read on to know more.

Here are eight areas that require your attention:

1. Bitfinex

A Hong Kong-based digital currency exchange that is known to be hacked several times in the past. A little over a year ago, $65 million dollars’ worth of bitcoins were stolen from the exchange. Till now, Bitfinex has failed to provide evidence as to how they were hacked or where those funds led to. Users were fooled by the potential for returns but in turn faced a major loss as their accounts were left empty.

2. Ransomware, Ponzi’s, Zero-fee and AML-less exchanges

A report from Xinhua was released last month that read:

China’s two biggest bitcoin exchanges, Huobi and OKCoin, collectively invested around 1 billion yuan ($150 million) of idle client funds into “wealth-management products.”

In simple words, these exchanges were functioning while charging zero-fees by using customer deposits to invest in other financial products without the customer’s knowledge. According to insiders and reporters that many exchanges in China carried out similar practices. Also, exchanges in developing countries lacking AML and KYC measures majorly benefit from scams and thefts.

3. Initial Coin Offerings (ICOs)

Many investors are chasing quick profits instead of utility. Recently, many firms are aiming towards scamming practices due to which several other legitimate ICOs are suffering. Several ICO boot camps in China were set up with past experience in pyramid schemes, this leads to not just single fraud incidents but very frequent ones as well.

4. VC-backed entities

5. The decline of Maximalism

6. Market caps

We have very little idea of what is really happening with Bitcoin transactions or any cryptocurrency for that matter.  Market cap is based mainly on a company’s assets and future cash flows but with cryptocurrencies, it is completely misleading. Especially, when random meaningless coins sell a small segment of their total supply then, claim a huge market cap.

7. Buy-side analysts and con media

Many big-name media companies practice a biased reporting which mainly focus on the benefits of coins but not equally shed light on the potential risks as well. They cover basically everything and anything regarding market caps, statistics and basic buy/own cryptocurrencies articles. But what if these major companies are funding other odd companies side by side?

The point is, that if these firms want to be taken seriously, they might as well take on the best practices so they support long-term capital inflows.

 

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Burger King Launches Own Cryptocurrency In Russia – WhopperCoin

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Burger King has taken the world by a storm as they launched their all new cryptocurrency “WhopperCoin” in Russia.

Reportedly, with each purchase of their signature Whopper sandwich, customers can now get WhopperCoin tokens through a digital wallet. The token is based upon the Waves blockchain.  It allows users to trade, transfer and issue tokens, on an integrated peer-to-peer exchange.

Customers can transfer and trade their coins online or simply use them to purchase food from BK. Although, the actual exchange rate for such transactions has not been revealed yet.

Just a year ago, Bitcoin users were threatened with being thrown in jail if they were ever caught using cryptocurrencies but that was soon to change. It is pleasing to know that the Russian Government has relaxed its grudge on cryptocurrencies.

The Burger King chain is set to launch an app for the digital tokens in both the Apple Store and Google Play in the coming future.

 

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Cryptocurrencies in Russia: Government Is Settling Up Conflict on Draft Crypto-Law

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The Russia Federation is getting closer to decide the law, covering the trading of crypto-tokens and ICOs (initial coin offerings) within the country, Russia.

On Monday, a report was released by RIA, which is a Russian news agency that according to Alexei Moiseev (Russian deputy finance), the jurisdictional conflict amid the Finance Ministry and Bank of Russia associated with the subject of draft crypto law to rule cryptocurrency-related activities in Russia has been settled.

Alexei Moiseev has told the journalists that the final word about this conflict of cryptocurrency trading is linked to the Central Bank, which means it belongs to it. At this time, it seems like the Ministry has chosen to relinquish this issue to the core financial regulator.

Alexei Moiseev’s Statement

Alexei Moiseev stated:

“Yes, the disagreement with the CB has been resolved and this issue has been entrusted to the CB. The CB will make decisions [on this matter]”

The new Russian draft law on cryptocurrencies will permit coin trading after proper verification. The Central Bank, also sometimes referred as CB has shown some serious uncertainties earlier and expressed that the digital currencies have to be legal in Russia and suggested to do this only with the ICO tokens. However, the Finance Ministry opposed this, telling that the whole ban of Russian cryptocurrencies would just make a shadow market.

Well, this issue deserves to be mentioned that how digital currencies reemerged just after the local presidential elections, as they’ve remained in the background for the past few months. Seemingly, now that the President has managed to secure his position again, local issues and draft laws are once again getting back on the agenda.

Reports

It’s been reported before that a draft has been filed by the Finance Ministry, which would execute a threshold for ICO and its activities related to it in Russia as an exertion to let the token sales under a delimited environment. The law must let these token offerings to be traded with Russian rubles as further assets drew differing sentiments from the Bank of Russia, and the Central Bank of the Company. These two government bodies have achieved a consensus according to Moiseev, as he said:

“Yes. The central bank will make a decision”

What RIA has to say about it?

According to RIA, the Bank of Russia may now consider the option of permitting investors to exchange tokens distributed under the proposed ICO framework with fiat money. Though, “crypto to crypto” trading might not be allowed there.

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Creator of the bitcoin

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An Australian man claim to be the Bitcoin creator, Satoshi Nakamoto.

Really, he is the creator of the Bitcoin revolution?

Let’s have a complete discussion about it. Because the Bitcoin creator’s mystery is still a mystery. When someone breaks the ice, and claim that he is the creator of this technology, it needs discussion. A discussion with complete and real proof. So, step in, in the mysterious discussion.

Here, I have some question in my mind before a discussion.

  1. how claim to be the creator?
  2. his history, origin, business terms even living standard.
  3. the existence of the legal proves
  4. reason behind the creation
  5. idea to invent a worldwide digital currency and stay anonymous

And much more. At this point, everyone has these or many more question in his/her mind. That is why we will discuss the history and personality first.

How claim?

Craig Steven Wright an Australian businessman computer scientist claim that he is the creator of bitcoin. While a claim is the end of the mysterious discussion in the world.

BBC announced on Monday that Craig Wright told the media outlet he is the real man behind Satoshi Nakamoto. A businessman and computer scientist said that he launched the digital currency in 2009 with other’s help. The Same claim in Economist magazine.

Founder’s identity has been masked in uncertainty. Whereas, the media’s involvement to point out someone who has led the investigation.

Craig Wright says to the BBC,” I didn’t take the decision lightly to make my identity public and I want to be clear that I’m doing this because I care so passionately about my work and also to dispel any negative myths and fears”.

Craig Steven Wright      

Craig Steven Wright, born on October 1970. He is an Australian computer scientist. In addition, he is graduated from high school in 1987. And was the word’s first person who receive GIAC certification in compliance and audits.

Career and business

World’s first online casino was designed by Craig Wright and worked in different companies as well. Due to some security issues, Craig spends 28 days in jail.

Whereas, Craig was the CEO of a firm Hotwire Preemptive Intelligence Group. Which plan to launch world’s first bitcoin-based bank. He is also the founder of the company DeMorgan Ltd. Which receive $54 million AUD in tax incentives. And, he is also the founder of cyber security and computer forensics company.

When rumors come to light

In 2015, random investigations held by Wired and Gizmodo. Both of them assumed that Craig Wright may have been the inventor of the Bitcoin technology. And, the transaction process gets started from here. As the chief scientist of bitcoin foundation, Gavin Andresen opinion counts. He is the one who has communicator with Satoshi Nakamoto more than others.

Today, Andresen believe that Craig Wright is Satoshi Nakamoto. Now, he is trying to convince rest of the world. Here, the reason is, he is the one from the lucky people to have seen which claim is in Craig’s favor.

Andresen belief is solid about Craig Wright’s identity regarding bitcoin. Here, is a private meeting detail of Andresen with Craig Wright in London.

Andresen says, “I’m still convinced that he’s Satoshi despite the really weird proof he’s put in his blog post,” says Andresen. He stands by a statement he published on his website this morning: “I believe Craig Steven Wright is the person who invented Bitcoin.”

A private meeting with private proof    

Andresen says that he was invited by a firm to in-person demonstration designed to prove Craig Wright is the creator. This firm directly represents Craig Wright. Andresen feels hesitation while he was explaining the facts. In December, on transcripts, leaked emails, and accounting documents. But, some gaps found in Craig’s story, including backdated sign evidence, academic credentials. which clearly seems Craig was likely pulling an elaborate hoax or con.

Craig Wright follows up with the series of emails. On April 7, Andresen met with Craig in a conference room with two associates.  Where Craig clear the remaining doubts of Andresen. The Bitcoin creator can have proved himself in two ways, suggested by the cryptographers. First, Nakamoto has to move some earliest bitcoin and been spend in last few years existence. Second, he has to use the same private keys that allow the owner to spend them to instead sign a message. Transfer the data in a way which proves that owner of Nakamoto just has that key.

Conclusion

There is a large number of investigative points which prove the ownership of the bitcoin technology.

Good luck!

 

Tags: bitcoin founder

 

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What Are Some Bitcoin Scams and How to Avoid Them?

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Scams have been part of human history. Ever since the beginning of currency, people have been trying to defraud each other. And with the advancement of technology, the scamming tricks have also become more raveled.

When it comes to currency related scams, Bitcoin tops the list. The currency is relatively new but holds incredibly high value in the market. Moreover, generating personal bitcoins is extraordinarily hard. So, the scammers use different techniques to steal hard-earned coins of other users. (Want to earn some bitcoins, here is everything you need to know about how to earn Bitcoin fast and easy).

Here are the most common scams that the bitcoin users should be aware of.

Scenario #1 – Wallet Scams:

If you are a bitcoin user, you would know that a Bitcoin wallet address serves the same purpose as a traditional bank account. The difference is that it is used to store bitcoins – and not the fiat money.

Since Bitcoin is all about anonymous transactions and the anonymity is gained through bitcoin wallets, the scammers hit this feature particularly by developing fake wallets.

Then they try to sell these wallets to users with a promise of 100% anonymity. The program initially seems to be working fine. But to your surprise, the trickster behind the scenes has been transferring coins from your wallet to his own without giving away a single hint.

So, being a Bitcoin user, it essential to acquire a wallet from trustworthy sources.

Scenario #2 – Scam Through Ponzi Scheme:

One of the most common Bitcoin scams. In Ponzi scheme, the con artist promises high-interest rates on deposits you make.

People who join the scheme early are paid out using the money of those coming in later. This goes on until the point where there are no more new entries.

Once the entries stop, the payments also stop and users start realizing the losses.

Scenario #3 – Bitcoin Exchange Scams:

Bitcoin scam exchanges sell the cryptocurrency at current market rates. Most of the exchanges working out there are genuine and possess now security threats to users. However, a small portion of exchanges does not work that way. Their sole purpose is to steal the digital currency and fill their own pockets.

Such exchanges charge extremely low fees when a customer is looking for credit card processing. However, after the card is processed, all the money is gone and the user is left with no bitcoins.

So, don’t always go with the cheaper options.

Read our guide on what are the biggest Bitcoin exchanges in the world to trade safely.

Scenario #4 – Phishing Scams:

The scam involves users receiving fake emails – stating that they have been awarded or have won bitcoins. But to receive the reward, they are asked to reach their wallets through the link given in the email.

DO NOT CLICK THAT LINK – or you will end up losing all your coins.

Conclusion:

These are some common scams that go around in Bitcoin world. All it takes is a bit of common sense to realize true intentions of someone you are dealing with. And if you are just starting your bitcoin venture, it’s necessary that you are aware of these bitcoin scams and know how to tackle with the tricky situations that may arise during a transaction.

Tags: Bitcoin wallet scam

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