Collecting bitcoins for use in transactions

The big question is how to get bitcoins.

Once you have a basic understanding of what Bitcoin is and how a wallet actually works, you can dive into the world of digital currency and get some Bitcoins for yourself. So, the big question that comes to your mind is how can I get bitcoins?

It’s getting hard.

Once you know the origin of each individual bitcoin, which is based on the mining process, you will believe that the best way to get them is to join that mining process. The fact is that this has become very difficult due to the rapid rise in popularity of cryptocurrency.

Sell ​​products or services.

Each bitcoin is the result of a previous transaction. So the way to get them if you don’t have them is to get a transaction from someone else when you purchase them with cash or also mine new bitcoins.

If you know someone who uses bitcoins, you can ask him/her to get bitcoins. In case you don’t know anyone who owns them, you can get bitcoins by suggesting a different kind of transaction with another bitcoin user, which will get you money in bitcoins. An alternative option is to mine them yourself.

Extraction of minerals.

If you can’t buy bitcoins from someone else, you can get them by mining them. The term mining here means: solving a complex mathematical problem, the purpose of which is to verify the transactions of others. In return, you will receive Bitcoins. Receiving bitcoins is sometimes free, but sending them may incur a fee, depending on the online platform you use. Before you start mining bitcoins, you should understand that this is not an easy way to get bitcoins, it requires some technical knowledge which may not be practical for you.

Buy.

In case you don’t know anyone who owns bitcoins, you have nothing to sell to exchange for bitcoins, there is a way to buy bitcoins. There are several online platforms that sell bitcoins through a process called trading/exchange. Here I list several ways to acquire bitcoins:

Buy bitcoins from a person.

There are online marketplaces where you can buy bitcoins person-to-person. You can pay these individuals in cash or in other ways. It’s good to think that you and the seller can arrange a payment method: cash in person, cash via escrow, bank transfer, PayPal, etc. The key element here is finding someone you can trust. A good tip is to use an online deposit service, this way you can protect yourself from any kind of fraud. The good thing about these online depositing platforms is that everyone has to upload their scanned ID, this ensures security during transactions.

Buy bitcoins on exchanges and in retail outlets.

Bitcoin exchanges or trading outlets are basically online services that make it easy for buyers and sellers to transact with Bitcoin. To become a member of one of them, all you need to do is create an account and pass an identity verification before you can buy or sell bitcoins.

Buy bitcoins through an ATM.

Some cities around the world offer physical Bitcoin ATMs. You just get your bitcoins through them using the local fiat currency. Governments regulate the use of these ATMs for security purposes. Sometimes it can be difficult to find a Bitcoin ATM near your location because even where they are installed is regulated.

Planning to trade Monero cryptocurrency? Here are the basics to get you started

One of the basic rules of blockchain technology is to provide users with unshakable privacy. As the first ever decentralized cryptocurrency, Bitcoin relied on this premise to market itself to a broad audience that then needed a virtual currency free from government interference.

Unfortunately, Bitcoin has proven to be fraught with several flaws along the way, 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’ private information based on their existing records. Some government and non-government agencies are already using blockchain analytics to read data on the Bitcoin platform.

Such shortcomings have led developers to seek alternative blockchain technologies with improved security and speed. One such project is Monero, which is commonly represented by the ticker XMR.

What is Monero?

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

A hidden address refers to creating a single address for a single transaction. No two addresses can be attached to the same transaction. The resulting coins go to a completely different address, making the whole process incomprehensible 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 the monitoring agent cannot associate the signature with a specific account. Unlike cryptography (a mathematical method of protecting crypto projects), the ring signature is not new to the world. Its principles were researched and documented in a 2001 paper by the Weizmann Institute and MIT.

Certainly, cryptography has won the hearts of many blockchain developers and fans, but the truth is that it is a nascent tool with little use. Since Monero uses the already tested Ring signature technology, it has distinguished itself as a legitimate project to adopt.

What 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, Kraken, Poloniex, and Bitfinex are a few exchanges worth checking out. Poloniex was the first to adopt it, followed by Bitfinex and finally Kraken.

This virtual currency mostly appears to be pegged to the dollar or other cryptocurrencies. Some of the available combinations include XMR/USD, XMR/BTC, XMR/EUR, XMR/XBT and many more. The trading volume and liquidity of this currency have very good indicators.

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

Price volatility

Although the cryptocurrency network is powerful, it is not that special when it comes to volatility. Virtually all altcoins are extremely volatile. This shouldn’t worry any avid trader as this is what makes them profitable in the first place – you buy when prices fall and sell when they rise.

In January 2015, the price of XMR was $0.25, and in May 2017, it rose slightly to $60, and now it has crossed the $300 mark. Monero coin recorded its ATH (all-time high) at $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 magnificent ATH of $19,000.

Substitutability and acceptance

Due to its ability to provide strong privacy, XMR has been adopted by many people who make its coins easily replaceable with other currencies. Simply put, Monero can easily be exchanged for something else.

All bitcoins on the bitcoin blockchain are recorded and thus if an incident such as a theft occurs, all the coins involved will go out of business, making them non-fungible. With monero, you cannot tell one coin from another. Therefore, no seller can refuse any of them because it was due to a bad incident.

The Monero blockchain is currently one of the most popular cryptocurrencies with a significant number of subscribers. As with most other blockchain projects, its future looks bright despite looming government crackdowns. As an investor, you should do your due diligence and research before trading any cryptocurrency. If possible, seek help from financial experts to get you on the right track.

Lightning Network Developer

The Lightning Network is a layer that exists on top of Bitcoin. This is the latest invention developed by the Bitcoin community. This layer can be used as a payment protocol. This is made possible by the ability to communicate your value through people. It is clear that Bitcoin will be both transportable and applied.

The Lightning Network has been applauded by many for its potential to solve Bitcoin’s scalability problem. This is achieved by enabling transactions between participating nodes. In addition, concerns were raised about legibility and the importance of educating people on the use of cryptocurrency. It is argued that the training will go a long way in ensuring that those involved in the crypto world are well informed about its activities. On this basis, COINBASE is a platform that recruits and educates merchants and consumers on the use of cryptocurrency. This article offers information on hiring on the Lightning network, a layer on top of Bitcoin.

Coinbase’s activities include the sale and purchase of cryptocurrencies. They also include offering secure storage. Since the lightning network is a new feature in the world of cryptography, it is important that all interested parties are well aware of its operation. The network has a system known as peer-to-peer that has the ability to make micropayments. Essentially, a peer-to-peer system works with digital cryptocurrency through a network of channels, leaving no funds to be held by third parties. It is also important to note that the Lightning Network is mainly built on paid channels. It was an idea borrowed from Satoshi Nakamoto, the founder of Bitcoin.

How the network works

The network functions by allowing two people to put multiple bitcoins into a multisig address. Then the parties sign the deals. These transactions have the ability to vary the number of bitcoins each party can redeem for. However, either party has the option to close the payment channel at any time. The last signed transaction, containing the most updated balances for both parties, is broadcast and added to the Bitcoin blockchain. The Bitcoin blockchain is an ever-growing list of records that are linked and secured using cryptography. This list is called blocks. It is also worth noting that a blockchain is an open distributed ledger that can be used to record transactions between two parties in a verifiable and permanent way.

The Lightning Network Developer effectively allows users to conduct business directly without broadcasting. Apparently the operations are quite secretive as they are not broadcast. This method has been recognized by many to save time spent during transactions. At the same time, the method has been applauded for avoiding the costs associated with blockchain.

As today’s business trends develop, it is clear that more and more people are interested in cryptocurrency. No doubt, this is a smart trend because the value of the coins is estimated to be on the rise. A real and solid knowledge of currencies will be of great value if acquired before joining those already working in the crypto world.

Corda Review: The Solution to All and Any Blockchain Business Problems

Corda is the solution to any blockchain business problem by not only fulfilling the great promise of blockchain technology, but also meeting business needs for interoperability as well as privacy. For example, it allows businesses to transact directly, eliminating the costly friction associated with any business transaction. In addition, it ensures that all business parties are always in sync, which in turn provides a significant increase in operational efficiency in a complex business.

To understand what the Corda project is, let’s dive into what it entails, its benefits, and how it achieves the privacy it promises.

What is Corda?

Briefly, Corda is an open source blockchain business project developed by the R3 community. The result of a collaboration between technology partners and financial institutions, Corda was designed from the ground up specifically for businesses to serve a variety of purposes. These include:

  • Direct integration into the organization’s systems.

  • Facilitating the rapid deployment of a new process.

  • Enable a smooth transition to new processes.

As a platform, Corda lacks an embedded cryptocurrency, but it oversees an existing and proven infrastructure and technology. Therefore, Corda does not require mining-style consensus. This results in high costs associated with little business benefit.

Advantages of Corda in the blockchain world

Based on its above intended purpose, the blockchain world should celebrate Corda as it has brought more positive effects to the blockchain world. The main ones are:

  • Allowing parties to transact directly – Through advanced cryptography techniques, Corda ensures that direct value transfers can take place efficiently, as well as systems consistency. This, in turn, helps eliminate costs, which, accordingly, facilitates and initiates the presence of direct transactions between participants.

  • Ensuring and maintaining privacy in transaction history. Since maintaining privacy and ensuring integrity and authenticity is a major challenge in the world of blockchains, Corda has another reason to be celebrated for offering a solution to this problem. Through a variety of methods, Corda ensures both the authenticity and integrity of transactions by confirming competing and conflicting transactions in the transaction history. By doing the above, Corda also ensures privacy.

Ways in which Corda enforces privacy

Ensuring and maintaining privacy as one of Corda’s main advantages in the blockchain world does this through:

  • End-to-end encryption – it targets a peer-to-peer network for this.

  • Randomize and rotate keys – This will be done in conjunction with automatic identity management if the goal is to de/anonymize transactions.

  • Intel Software Guard Extensions – With these, Corda will enclave the technology and thus allow verification of records encrypted for all parties involved.

  • Transaction Structuring – Corda will structure transactions in a Merkle tree, which in turn allows only selective information to be exposed.

Parting shot

With expensive conflicts being a popular and common phenomenon and problem in business, the blockchain world needs to adopt Corda as a solution if they want to see high performance. Corda will eliminate such frictions and in turn will have corresponding advantages for the blockchain world, such as having direct transactions between parties and preserving the privacy of transaction history. So there is no doubt that Corda is the real solution in the blockchain world.

What is Bitcoin and its characteristics?

Introduction to Bitcoin

Bitcoin is an advanced form of currency used to buy things through online transactions. Bitcoin is not tangible, it is completely controlled and produced electronically. Care should be taken when investing in Bitcoin as its value is constantly changing. Bitcoin is used for various currency exchanges, services and products. Transactions are done through a computerized wallet, so transactions are processed quickly. Any such transactions are always irreversible as the identity of the customer is not disclosed. This factor makes it a bit more difficult to make a decision about transactions through Bitcoin.

Features of Bitcoin

Bitcoin is faster: Bitcoin has the ability to arrange installments faster than any other mode. Normally, when transferring cash from one side of the world to another bank, it takes days to complete the transaction, but in the case of Bitcoin, it only takes a few minutes. This is one of the reasons why people use bitcoins for various online transactions.

Bitcoin is easy to set up: Bitcoin transactions are made through an address that each customer owns. This address can be easily established without going through any of the procedures that a bank goes through when creating a record. Address creation can be done without any changes, or credit checks, or any inquiries. However, every customer who wants to contribute should always check the current value of bitcoins.

Bitcoin Anonymous: Unlike banks, which keep complete records of their customers’ transactions, Bitcoin does not. It does not store customer financial records, contact details or other relevant information. A Bitcoin wallet usually does not require any significant data to operate. This characteristic raises two points of view: firstly, people think that it is a good way to keep their data away from the third party, and secondly, people think that it can cause dangerous activities.

Bitcoin cannot be denied: When someone sends bitcoins to someone, there is usually no way to get the bitcoins back unless the recipient feels the need to return them. This characteristic ensures that the transaction will be completed, that is, the beneficiary cannot claim that he never received the cash.

Bitcoin is decentralized: One of the main characteristics of Bitcoin is that it is not under the control of a specific administration expert. It is managed in such a way that every business, person and machine involved in the verification of exchange and mining is part of the system. Even if part of the system goes down, money transfers continue.

Bitcoin is transparent: Although only an address is used to complete transactions, every Bitcoin exchange is recorded on the blockchain. That way, if at any time an address was used, they can find out how much money is in the wallet through Blockchain records. There are ways you can increase the security of your wallets.

Some of the best cryptocurrencies to invest in are now free and with a secure financial exchange

Cryptocurrency as a modern form of digital asset has gained worldwide recognition for easy and fast financial transactions, and its awareness among people has allowed them to become more interested in this field, which has opened up new and advanced ways of making payments. With the growing demand for this global phenomenon, new traders and business owners are now willing to invest in this currency platform despite its price fluctuations, however, it is quite difficult to choose the best one when the market is crowded. In the list of cryptocurrencies, Bitcoin is one of the oldest and most popular in the last few years. It is mainly used to trade goods and services and has become part of the so-called computerized blockchain system, which allows anyone to use it, increasing the enthusiasm among the public.

Ordinary people looking to buy BTC can use the online wallet system to securely buy it with cash or credit card conveniently from thousands of BTC funds around the world and store it as an asset for the future. Due to their popularity, many corporate investors are now accepting them as cross-border payments, and the growth is unstoppable. With the advent of the Internet and mobile devices, gathering information has become quite easy as BTC financial transactions have become available and their value is set according to people’s choices and preferences, resulting in profitable investments. Recent studies have also shown that volatility is good for BTC exchanges because if there is instability and political unrest in a country that makes banks suffer, then investing in BTC can definitely be a better option. Again, Bitcoin’s transaction fees are much cheaper and it’s a more user-friendly technology for making contracts, which attracts the crowd. BTC can also be converted into various fiat currencies and used for securities trading, land ownership, document stamping, public rewards and vice versa.

Another advanced blockchain project is Ethereum, or ETH, which has served as much more than just a digital form of cryptocurrency, and its popularity over the past few decades has allowed billions of people to hold wallets for them. With the ease of the online world, ETH has allowed retailers and business organizations to accept them for trading purposes, thus serving as the future of the financial system. Also, being open source, ETH helps in the collaboration of projects from different firms and industries, thus increasing their utility. Again, unlike Bitcoin, which is used to exchange money on a digital network, ETH can also be used for several applications other than financial transactions and does not require prior approvals from governments, allowing people to use it with their portable devices. The price of Ether also remains stable, and this avoids interference from third-party intermediaries such as lawyers or notaries, as exchanges are mostly software-based, making ETH the second best cryptocurrency to invest in.

Why is the Nano price going up?

Better Crypto-IoT Collaboration

This was reported yesterday in the nanocenter. The launch of the Nano IoT charger has been confirmed by the company and represents the most promising entry into the IoT industry. The IoT charger and related device are said to run on the native Nano coin.

The charger that has been released at the moment is still a prototype, and the features that have been revealed so far that the charger hosts:

  • The user is only required to scan the QR code for transactions

  • The QR code initiates a guided transaction process at the micro level; so no need to worry about changes

  • Currently only compatible with NANO wallets

This announcement from the Nano Center is an important milestone for both the company and the community, because if and when the charger is successfully tested and brought to market, there will be many real-world use cases to satisfy. Of course, to do this for real use cases, there are many potential uses and several iterations that need to happen beforehand.

Nana branch

Nano is not the first cryptocurrency coin and company to enter the IoT space, it is actually the third or fourth. For IOTA and a few other coins that are also in the space at the moment. However, the excitement and anticipation surrounding this coin is due to the fact that the company did some very interesting market research before embarking on this journey.

Nano used its YouTube channel to start engaging with its community, and the feedback it received through it was invaluable to the company. The community response to the YouTube channel and its content made it very clear to the company what was expected of them and what they needed to do.

A company that has taken this step to diversify its business has the potential to become a global brand in the IoT industry with this product. NANO coins are also beginning to be listed on many exchanges. Which is a very important reason for the wide circulation of the coin and the increase in market prices.

Rising prices, more expected

In the last week, the price of Nano has increased by more than 90%. And 250% growth in the last two weeks. The price two weeks ago was 1.52 US dollars. The increase in price and value is explained by several reasons. Among them is the fact that NANO’s coin has been listed and accepted by many exchanges and platforms as a transactional cryptocurrency.

The other two reasons are pretty intuitive from this article, they are that the company has diversified into the IoT jungle with their charging product and the fact that their initial network stress test produced excellent results. It is very important for every crypto company to have the support of the community, and it is safe to say that NANO does. The current price of the coin at the time of writing is US$3.12.

Strong reasons to use Bitcoin cryptocurrency

Bitcoin is a relatively new type of currency that has just started to hit the mainstream markets.

Critics say that using Bitcoin is dangerous because –

  • They have no authentic value

  • They are not regulated

  • They can be used to carry out illegal transactions

So far, all the major market players are talking about Bitcoin. Below are some good reasons why you should use this cryptocurrency.

Quick Payments – When payments are made through banks, the transaction takes a few days, similarly electronic transfers also take a long time. On the other hand, transactions with the virtual currency Bitcoin are usually faster.

“Zero-confirmation” transactions happen instantly, with the merchant taking on the risk, which is still not approved by the Bitcoin blockchain. If the merchant requires approval, the transaction takes 10 minutes. It is much faster than any interbank transfer.

Inexpensive – Credit or debit card transactions are instant, but you are charged a fee for using this privilege. In Bitcoin transactions, the fee is usually low and in some cases it is free.

No one can take it away – Bitcoin is decentralized, so no central authority can take away a percentage of your deposits.

Non-refundable – When you trade bitcoins, they will disappear. You cannot return them without the recipient’s consent. This makes it difficult to commit the chargeback fraud that people with credit cards often face.

People purchase products and when they discover that they are faulty, they go to the credit card agency to issue a chargeback, effectively canceling the transaction. The credit card company does this and charges you an expensive chargeback fee ranging from $5 to $15.

Secure Personal Data – Credit card numbers are stolen during online payments. A bitcoin transaction requires no personal information. You will need to combine your private key and your Bitcoin key to complete the transaction.

You just need to make sure that your private key cannot be accessed by strangers.

It’s not inflation – The Federal Reserve prints more dollars every time the economy sputters. The government injects newly created money into the economy, causing the value of the currency to decline, thereby causing inflation. Inflation reduces people’s ability to buy things because the prices of goods rise.

Bitcoin offers are limited. The system was designed to stop mining bitcoins when 21 million were reached. This means that inflation will not be a problem, but deflation will be caused, where the prices of goods will fall.

Semi-anonymous transactions – Bitcoin is relatively private but transparent. A bitcoin address is revealed in the blockchain. Anyone can look into your wallet, but your name will be invisible.

Easy micropayments – Bitcoin allows you to make micropayments like 22 cents for free.

A substitute for fiat currencies – Bitcoins are a good option for storing national currencies in the context of capital controls and high inflation.

Bitcoins Are Going Legit – Major institutions such as the Bank of England and the Fed have decided to use Bitcoin for trading. More and more outlets like Redditt, pizza chains, WordPress, Baidu and many other small businesses are now accepting Bitcoin payments. Many binary trading and forex brokers also allow you to trade bitcoins.

Bitcoin is the pioneer of a new era of cryptocurrency, a technology that offers a glimpse into the future of currency.

Crypto Signal Services – Choosing the Best

Cryptocurrency trading can be profitable if a trader manages to monitor the market 24/7. However, this may not be easy to do, but luckily there are crypto signal services that can be used to offer the trading assistance you need. They offer signals so that traders can make the right trading decisions at the right time. Due to the popularity of cryptocurrency trading, a number of crypto signal services have appeared. So how do you choose the best one to offer valuable information to make your trading most successful?

Quality of service

This is one of the most important factors that you should consider when choosing services. A trading platform should have an impressive forecasting success rate and should also offer relevant signals to guide you through trades and market trends. Signals must also be sent immediately to match real market activity. Check that they generate signals in the fastest way; it matters.

Reliability

Remember that you will be trusting them to handle your transactions, so you want to choose someone you can fully rely on to make a safe choice. This means that you should choose a provider that is 100% legitimate. A vendor that tells you how they generate their signals is more reliable, whether they are expert traders or automated software. In a world full of scams, you really want to be careful who you choose to work with.

Free trial version

One of the best ways to determine if a provider is genuine is to offer you a free trial of the services they offer. This applies even to crypto trading. A provider that offers free signals for a certain period of time provides an opportunity to determine the quality and reliability of the service. By trying before you invest, you get services with complete trust and confidence. Legitimate signals will have no problem, giving you the freedom to decide whether to work with them or look elsewhere if you’re not happy with what you’re getting.

Pricing

Even with a free trial, you will definitely need to subscribe to the services at some point. Avoid providers that offer signals for free as they may not be valid. However, you should also not be tricked into paying huge sums for a subscription. The price should be reasonable for the quality of service you expect. Do the math and do some research to make the right decisions in the end.

Support

Apart from being available 24/7 for your assistance, they should have a good knowledge of digital currency exchanges and the applications they offer you. Without that kind of support, you’ll still have trouble getting the value the services are supposed to add to you.

Best Cryptocurrencies of 2018: What Are the Best Alternatives to Bitcoin?

Important: This post should not be considered investment advice. The author focuses on the best coins from an actual usage and adoption perspective, not from a financial or investment perspective.

In 2017, the crypto markets set a new standard for simple profits. Almost every part or chip produced an incredible return. “A rising tide floats all boats” as they say, and the end of 2017 was a flood. The rise in prices has created a positive feedback loop that attracts more and more capital to Crypto. Unfortunately, but inevitably, this fast-moving market leads to huge investments. Money is thrown indiscriminately into all kinds of dubious projects, many of which do not bear fruit.

In the current bearish environment, hype and greed are being replaced by critical appraisal and prudence. Especially for those who have lost money, marketing promises, endless shillings and charismatic speeches are no longer enough. Well, the main reasons to buy or hold a coin are once again paramount.

Fundamental Factors of Cryptocurrency Valuation-

There are a few factors that tend to trump hype and price growth, at least in the long run:

Acceptance angle

Although cryptocurrency technology or an ICO business plan may seem amazing without users, they are just dead projects. It is often forgotten that widespread acceptance is an important feature of money. In fact, it is estimated that more than 90% of Bitcoin’s value depends on the number of users.

While the adoption of fiat is mandated by the state, the adoption of cryptography is purely voluntary. Many factors go into the decision to accept a coin, but perhaps the most important consideration is the likelihood that others will accept the coin.

Security

Decentralization is essential to the I push model for true cryptocurrency. Without decentralization, we are a bit closer to a Ponzi scheme than a true cryptocurrency. The problem that cryptocurrency tries to solve is trust in people or institutions.

If the dismantling of a coin or a central controller can change the transaction record, it calls into question its basic security. The same goes for parts with untested code that haven’t been thoroughly tested for years. The more you can count on the code to work as described, regardless of human influence, the more secure the coin.

Innovation

Real coins strive to improve their technology, but not at the expense of security. True technological progress is rare because it requires a lot of knowledge as well as wisdom. ​​​​​​While there are always fresh ideas to screw up, if it creates vulnerabilities or criticisms of the coin’s original purpose, it doesn’t make sense.

Innovation can be a difficult factor to assess, especially for non-technical users. However, if the currency code has stagnated or is not receiving updates related to important issues, it can be a sign that the developers are lacking ideas or motivation.

Incentives

The economic incentives inherent in currency are easier for the average person to understand. If a coin has had a large pre-mining or ICO (initial part offering), the team owns a significant share of the chips, then it is quite obvious that the main motivation is profit. By buying what the team has to offer, you play your game and enrich it. Remember to provide tangible and reliable value in return.

5 cryptocurrencies to buy in 2018

There has never been a better time to reevaluate and rebalance your crypto portfolio. Based on their solid foundation, here are five pieces that I think are worth sticking with, or perhaps buying at their current depressed prices (which, just a warning, could go lower).

#1. Bitcoin (because of its decentralization)

Number one belongs to Bitcoin (BTC), which remains the market leader in all categories. Bitcoin has the highest price, the widest speculation, the most security (due to the phenomenal energy consumption of Bitcoin mining), the most recognizable brand identity (forks have tried to match) and the most development in an active and rational manner. It is also the only part to date that is represented in traditional markets in the form of Bitcoin futures traded on the US CME and CBOE.

Bitcoin remains the main engine; The performance of all other parts is highly correlated with the performance of Bitcoin. I personally expect the gap between Bitcoin and most if not all other parts to widen.

Bitcoin has several promising innovations in the pipeline that will soon be installed as additional layers or soft forks. Examples are the Flash (LN) system, wood, Schnorr Mimblewimbleund signatures, and more.

In particular, we plan to open up a new range of applications for Bitcoin as it enables large-scale microtransactions and instant and secure payouts. LN is becoming more stable as users try out its various features with real bitcoins. As it becomes easier to use, it can be assumed that the adoption of Bitcoin will bring great benefits.

#2. Litecoin (because of its persistence)

Litecoin (LTC) is a Bitcoin clone with a different hashing algorithm. Although Litecoin no longer has Bitcoin’s anonymity technology, surprising reports have revealed that Litecoin’s dark market adoption is now second only to Bitcoin. Although the currency I have is much more suited to the role of purchasing illegal goods and services, perhaps this is a result of Litecoin’s longevity: it was launched in late 2011.

Another factor in Litecoin’s favor is that it integrates Bitcoin’s SegWit technology, which means that Litecoin is ready for LN. Litecoin can benefit from the exchange of atomic chains. In other words, secure peer-to-peer trading of currencies without the involvement of third parties (such as exchanges). Because Litecoin keeps its code largely in sync with Bitcoin, it can benefit from Bitcoin’s technological progress.

#3. Ethereum (because of smart contracts)

Ethereum (ETH) is in serious trouble at the moment. First of all, governments crack down on ICOs, and rightly so: many have turned out to be either scams or bankrupt. Since most icos run on the Ethereum network as an ERC 20 token, the ICO mania has benefited Ethereum greatly in recent years. If proper regulations are put in place to protect investors, Ethereum project scams can claim some legitimacy as a fundraising platform.

The second major problem that Ethereum faces is the delay in the transition to the new hybrid work and battery detection system. GPU mining Ethereum is currently profitable, but Bitmain has just announced a mining ASIC for Ethereum that will likely affect the bottom lines of GPU miners. It remains to be seen whether this will change for POWs and how successful those changes will be.

If Ethereum can survive these two major challenges – regulation and mining – it will demonstrate great resilience. Otherwise, there are several competing currencies that follow its shadow, such as Ethereum Classic (etc.), Cardano (ADA), and EOS.

#4. Monero (because of its anonymity)

While its adoption in the dark markets is not all that one might have hoped for, I (XMR) remain a private PM. Its reputation and market capitalization are still higher than those of its competitors – and for good reason.

Monero’s code requires less confidence that Zcash is a “loyal” keying ceremony and had a fair start, unlike Dash. The fact that Monero recently changed its Pow to defeat the development of a small ASIC for its algorithm proves its commitment to the decentralization part of mining. The significant drop in hashing speed is due to the new version being constantly reported against the ASIC. This could also be an opportunity for GPUs and even smaller processors to reach out to me. The new version of Monero, 0.12, also includes other improvements that show that Monero continues to develop along tangible lines.

#5. iPRONTO (decentralized incubation platform)

iPRONTO is a network of Ethereum incubation platforms dedicated to investors who are looking for a safe and reliable platform to invest in new ideas and future innovators who can present their ideas and get feedback from users, experts in the field on the practice and implementation of derivative ideas.

Innovators’ ideas are supported as the NES in Smart Contract format will be signed between the expert platform and the client when the client’s business idea is submitted to the Committee for examination and registration on the platform. The idea will not be published to all users on the network’s public platform, but only to selected members of the target community who are willing to sign a smart contract to keep the idea private.