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Multiple major cryptocurrencies, including Bitcoin and Ethereum, have recorded major gains, as the cryptocurrency market continues to recuperate at the rapid rate over the past 24 hours.

Ethereum’s Hefty Gain:

The native cryptocurrency of Ethereum network, Ether, demonstrated an astounding 6.06% increase in the price over a night and is currently trading at $1,224. The recent surge in the Ether’s price can be attributed to the progress in the Ethereum open-source development community that has directed in scaling the network.

Over 899,005 transactions have been settled by Ethereum within 24 hours, indicating a daily transaction volume that is seven times larger than that of the Bitcoin network.

There’s an increase in the daily transaction volume of the Ethereum which indicates the exponential rate of decentralized applications (launched on the top of the Ethereum Protocol). Over the past few months, applications like CryptoCribs, EtherDelta, Radar Relay and 0x have gained a considerable amount of active users.

Cryptocurrency Market

Coinbase CEO, Brian Armstrong, also commended CryptoCribs, which is a decentralized Ethereum-based Airbnb like platform with a non-ICO model. It is quite hard to find commercially successful decentralized applications in the cryptocurrency industry, that had not conducted ICOs. This is because ICO has become an easy way of cash grab for the actual developers.

Luis Cuenda, who is a co-founder of Aragon, said in July of 2017, that he literally doesn’t know any Ethereum developer who’s not a millionaire because of the ICO market. Cuende noted manifestly, that there are many developers who are trying to take advantage of this opportunity because they have heard by many that they might make a lot of money from it, and that’s why a large-scale of investors are trying to dive into the Ethereum market.

Furthermore, as we can already see that the scalability of the Ethereum network continues to recover through advanced solutions such as Sharding and Plasma, Ethereum will be able to offer an improved ecosystem and infrastructure for decentralized applications.

The market evaluation and price of Ethereum uniquely depend on the performance and implementation of decentralized applications that are launched on the Ethereum protocol. The price of Ether will imitate the success of decentralized applications if they continue to perform well.

Market Trend:

Over the past week, the cryptocurrency market has shown positive signs of recovery. To bring the market to its previous highs, major cryptocurrencies in the global market like Ethereum, Ripple, bitcoin, Bitcoin Cash, and Cardano will have to record some hefty gains in the upcoming weeks.

However, cryptocurrencies like Bitcoin Cash and Ripple are down by almost 50% from their “all-time highs” and with the exemption of bitcoin and Ethereum, most major cryptocurrencies have not performed so well.

Based on multiple factors like the entrance of institutional investors through bitcoin futures and the acceptance of cryptocurrencies by large-scale financial firms which also includes the Robinhood, analysts are still enthusiastic about the short-term growth trend of the cryptocurrency market.

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What Does Mark Zuckerberg Have To Say About Cryptocurrencies?

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Facebook founder and CEO Mark Zuckerberg has uncovered his intentions to study decentralized technology, particularly cryptographic forms of money, as part of his promise to ‘fix’ Facebook in 2018.

On his Facebook page, Zuckerberg posted a message with the details of his ‘own challenge’ – like a resolution – for the new year, joined by a promise to study technologies “like encryption and digital money.”

“My personal challenge for 2018 is concentrating on settling these critical issues,” Zuckerberg composed, alluding to people’s rights being impeded by the government and different concerns expedited by media, government, and technologies. “One of the fascinating questions in technology at the moment is about centralization versus decentralization,” the billionaire added, uncovering his own particular motivations to get into technology was its capability to “be a decentralizing power that puts more power in peoples’ hand,” especially after the introduction of internet in the 90s.

“But, today, many individuals have lost confidence in that promise,” Zuckerberg included, indicating a centralized control of information and technology a relatively smaller but elite group of huge tech organizations, Facebook included, and governments who routinely participate in surveillance.

Mark promised to pledge his time and endeavors into understanding decentralized technologies, or ‘counter-trends’ to the worries stated previously.

He wrote:

“There are critical counter-trends to this – like encryption and digital currency — that take control from incorporated frameworks and put it back into individuals’ hands. However, they accompany the risk of being harder to control. I’m intrigued to go further and think about the positive and negative parts of these advancements, and how best to utilize them in our administrations.”

Zuckerberg is the latest mainstream figure to public commend decentralized blockchain advancements and it remains to be seen how he intends to ‘fix’ Facebook, the world’s greatest social platform with an estimated 2 billion users, by adopting p2p, decentralized technologies.

 

Story credit: ccn.com

Image: Google images

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Cheapest Bitcoin Wallets – Best Bitcoin Wallets 2017

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Before using Bitcoin for any bigger transaction make sure to what you have to know and what are some best ways to secure your Bitcoin wallet. Always keep in mind it’s your responsibility to decide about your wallet carefully. Adopt some better practices to protect your money. A Bitcoin wallet is a collection of some private keys and used to make transactions on the Bitcoin network.

Some best Bitcoin wallets 2017 are:

1- BitCoin Core:

Bitcoin Core is developed to choose which blockchain have valid transactions and the users only accept the transactions for that blockchain. It’s those users who keep Bitcoin decentralized. They run individually their personal Bitcoin Core full nodes and each full node individually follows the same rule to decide which blockchain is valid.

Some Bitcoin Core features are:

  • Full Validation
  • Better Privacy
  • Excellent Security
  • Better User Interface
  • Support the Network

2- Armory:

Armory is a full featured and most secure means available for the users and organizations to generate and store Private Keys. The Armory team is experienced in private key and cryptography ceremonies.  Armory established cold storage and distributed multi-signature. The Bitcoin cold storage is a system for storing Bitcoin safely on a fully air-gapped offline computer.  At Armory, we attempt to improve constantly the best Bitcoin wallet with some extra security features.

3- Mycelium Wallet:

With the Mycelium Wallet, you can send and receive Bitcoin by using your mobile phone. The Supreme cold storage functionality enables you to secure your funds 100% until you spend them.

Features of Mycelium Wallet are:

  • Provide 100% control over your Private-Key.
  • No blockchain download, just install and run in seconds.
  • Manage your multiple accounts and never recycle addresses.
  • Ultra-fast connection to a Bitcoin network with the help of super nodes.
  • Read only addresses and Private-Key imported for secure cold-storage integration.
  • Protected your wallet with a PIN.
  • Support for BIP38 Keys.
  • Compatible with other Bitcoin services.

4- MultiBit:

  • MultiBit enables your Bitcoin wallet to make easy and fast transactions. After the installation process, a wizard guides you through effective steps to create your wallet and its backup. In just a few moments, you’ll be ready to join Bitcoin economy and now you can handle your funds and wallets. Your wallet and its backup resides encrypted on your personal computer and never with a third party.
  • MultiBit adds an extra security layer for your bitcoins when used with KeepKey. KeepKey is USB device which stores and secures your Bitcoin.

5- Xapo:

Xapo Wallet offers a way to handle your funds when or where you want with just the click of a button. You can also manage your funds by sending an email and swipe of your Xapo Debit Card. Xapo iOS is your mobile Bitcoin wallet that combines industry-leading and convenience security to handle your bitcoins and sending currency to your family and friends. Simply scan a QR or wallet address or enter a name, or email to instantly send money worldwide.

Features of Xapo Wallet are:

  • Fully insured Bitcoin storage in the market.
  • Send and receive Bitcoin in just two clicks.
  • Two-factor authentications.
  • By sharing Xapo on social networks you can earn Bits.
  • Zero network transaction fees.

6- Wirex:

Anyone can get the best for digital and traditional currency. You can get an online banking account, cheap money transfer, worldwide issued Bitcoin debit cards, and much more in just one place.

Features of Wirex are:

  • Secure and Convenient: Secured with multi-signature and two-factor authentication.
  • Easy Access: Manage all your accounts, past transactions, and debit cards by using your smart phone 24/7.
  • Total Freedom: Send and receive currency from 130+ countries and with almost no limits.

7- BitGo:

Generally, Bitcoin wallets have just a single Private-Key to make your Bitcoin susceptible to misplaced or theft. The multi-signature technology of BitGo offers three keys for your wallet. BitGo does not have the facility to access your Bitcoin as other Bitcoin companies have. BitGo only holds one key which not enough for the transaction on your behalf.

If only a single key is compromised, your Bitcoin cannot be stolen. This makes BitGo almost hack proof. BitGo required 2F authentications and use high-level security measure to make a full protection of your Bitcoin.

8- GreenAddress:

GreenAddress is a safer Bitcoin wallet which provides you full control and it doesn’t compromise your privacy. Our pre-transaction 2-factor authentications and multi-signature wallet empower you with a supreme control over your transactions. GreenAddress never keep your Private-Keys, not even encrypted. We also make it fast to view and transfer your funds.

9- CoinBase:

CoinBase is the world-famous source to buy and sell Bitcoin.  It is CoinBase is also a popular Bitcoin and Ethereum wallet. CoinBase provides the facility to buy, store, use, and accept Bitcoin and Ethereum securely. You can experience a best digital currency managing on the mobile phone.

Some additional features of Coinbase wallet are:

  • Send and receive Bitcoin.
  • Track the Price of Bitcoin anywhere with the help of Bitcoin price charts, Bitcoin price alerts, and Bitcoin price ticker.
  • You can check transaction history, balance, and transaction details of all your accounts.
  • You can send Bitcoin and Ether via email.
  • Send via QR code with zero transaction fees.
  • You can set a password to secure the mobile app.
  • You can remotely inactivate your phone’s access if it’s stolen or lost.
  • Historical and real-time Bitcoin and Ether price charts.
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A Brief Look Into NeoCoin – China’s Biggest Cryptocurrency

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In late June 2017, Antshares declared that they were rebranding. and less than a month later, NEO was born and turned into China’s most popular cypto overnight. The rebranding totally redesigned Antshares’ social media, technical data, website, and blockchain nodes.

Bitcoin vs other cryptocurrencies:

Then after a couple months later, Antshares – now named NEO – outperformed Litecoin, Bitcoin Cash, and Ripple, growing over 3,053% every month. As of August 19 – NEO went back to the ninth place on the digital currency charts, losing 90% of its expansion. However, the NEO devotees trust this is just the start for what is termed as “Chinese Ethereum,” some are stating that by the end of September, NEO will become number one on the crypto charts.

At the time of writing, Neo was trading at $42.92 per coin.

Proof Of Work:

NEO showcases more POW (Proof-Of-Work) than any other crypto out there. The effortlessness, the 15-second exchange time and the simple to utilize Smart Contract has aided NEO to detonate in China. There are more than 50 renowned organizations that are intending to embrace NEO’s innovation in China. Compared to Ethereum, NEO has accomplished more in terms of a “Quick Witted Economy.”

While NEO is principally cruising in China cryptocurrency, the friendly developer software can make it immense in the west too. Ethereum – while having an elegantly composed code – doesn’t have as much POW as NEO.

Read more: Why Bitcoin Rose More than $1000 in the Last Two Months

What Is Neo Transaction Time?

NEO can deal with numerous transactions through its Smart Contracts. It’s 15 seconds quicker than Bitcoin and 5 seconds speedier than Litecoin. While NEO doesn’t have the standard reputation like Bitcoin or Litecoin, NEO’s reputation in China Bitcoin keeps on developing. It’s being known as the “Smart Startup Trent,” in China, since, the local startups are embracing NEO at a snappy rate.

Additionally, it has front end uses like Digital wallets, voting, forums, and profile management. The organizer of NEO – Da Hong Fei – calls it the ultimate “developer coin.”

NEO Coin In Next 10 Years:

Up until now, Da Hong Fei has unveiled different plans for what’s to come. Da Hong Fei is anticipating on implementing the Catalyst Award Framework to reward miners for mining NEO. Likewise, he plans on creating an environment that will be crowd funding friendly within the NEO community. Investing in NEO, however, has its own risks, similar to any other cryptocurrency out there isn’t any organization managing it to guarantee you a safe investment.

Make sure you have done your research before putting your resources into the currency.

Read more: Monero Security – 3 Main Techniques Behind Monero Anonymity Explained

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How to Earn BitCoins Fast and Easy

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Bitcoin is getting more and more popular each day. In 2011, you needed to write to a man from another country to order a pizza for you with Bitcoins, but now you can do things similar to that in various major cities. In a few countries like the Netherlands, the whole towns are Bitcoin-accommodating, (for example, Arnhem, regularly called ‘the Bitcoin city’).

This growing popularity of Bitcoin has caught attention of many people, and thus we see so many people asking how to earn bitcoin.

The best and easiest way to earn Bitcoin is through mining. There are several mining pool which one can join in order to earn their own bitcoin. Apart from that, it can also be earned through carrying out certain tasks, or accepting bitcoin payments if you own a business. In short, Bitcoin can be earned in as many ways as real money. So, next time someone asks how to earn bitcoins, you know what to tell them.

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