Beginner’s Guide: Introduction in Cryptocurrencies

Being a popular form of currency, bitcoins are gaining worldwide recognition today, as a result, many people have shown interest in buying them. Although many financial leaders suggest that people stay away from this form of cryptocurrency due to its fluctuating value, it is still being adopted at a rapid rate. To buy bitcoins, you can sign up to the wallet system for free by filling out all the details online or download the mobile app and start investing in them. Once people have a simple bank payment method it could be used to replace them. However, since security is the main factor, it is essential that these wallets remain secure and for this reason one should be able to choose a bitcoin service such as coin base wallets that are of high standards and easy to use.

While an online wallet is a convenient way to buy bitcoins, there are several other options such as choosing a bitcoin merchant. It is also important to choose the right one because there are traitors and you should be careful of them. While there are numerous established exchanges that offer wallet services to users while looking for a bitcoin wallet system, an individual should opt for one that has multi-signature capability. Users can also use the bitcoin exchange search on their respective computers or mobile phones and by entering some general information such as typing in the name of their own country, a person can find out the wide range of exchanges available around the world as well as check their current status. Users can also use the current money they have as there are various options in the market such as local bitcoin services that help users exchange it for cash. Such areas allow users to visit the nearest bank branch to deposit cash and receive bitcoins after some time.

Many people believe that bitcoins represent a new era of digital currency and are often confused with them. However, since the bitcoin chain system is fully computerized, they are quite simple and easy to buy and use, especially as hell cheap when it comes to international transactions. Since exchanges require different payment processes such as credit or debit cards, customers can also shop online by opening an account based on the appropriate geographic location. Once the exchanges receive the payments after verification, they would save the bitcoins on behalf of the individuals and deposit them into the respective wallets. They charge some fees for that. The whole process can take a long time. Many people learning how to buy bitcoins can also use the PayPal method for financial interactions.

We all knew the time when 1 bitcoin was worth more than $13,000 and then it suddenly crashed and now it’s only worth $6,000.

People never seem to know or understand the reasons for these crashes and I will explain it to you.

There was a total amount of BitCoin that the developers generated from the very beginning, and as it became valuable, more needed to be generated. Didn’t you all get it right? Let me explain better.

Imagine from the beginning that the bitcoin developers initially generated 10,000,000 bitcoins. Now these 10,000,000 BitCoins were circulating to individuals, so when 10,000,000 BitCoins were already owned by individuals around the world, its value began to rise.

Now the developers saw that their cryptocurrency gained more value, but fewer individuals owned it, so there was a need to generate more for more individuals to own.

And what better way is there to generate more BitCoins?

If

1 bitcoin = $13,000.

Then

10,000,000 BitCoins = $130,000,000,000.

So there’s $130,000,000,000 on the internet.

Then the idea came to the developers!!

Let’s crash the price of BitCoin, use the remaining amount to generate more BitCoin.

It is:

Since BitCoin has built $130,000,000,000 on the internet, lower the price and generate more.

I think

1 BitCoin = 13,000 USD then Now

1 bitcoin = $6,000

So, from 1 bitcoin, 2.2 bitcoins can be generated.

Now the question is where is the newly generated BitCoin?

It’s all over the internet!!!

It’s on every website you enter.

It’s on every social media platform.

It is available anywhere in the world!!

It is located in North America.

It is located in South America.

It’s in Africa.

It’s in Asia.

It’s in Europe.

It’s scattered everywhere!!!

All you have to do is start mining it.

How to start mining this cryptocurrency now?

There are many bitcoin mining software out there but I will recommend Web’Miner.

It is a software developed by the Chinese organization “Soft Tech Geeks”. I have used it a lot, I mine whenever I want and I earn a lot from it.

Some will say, why share it now?

Some will say, if it’s easy why not only Moya? So you can get it all to yourself.

Well, the developers are smart, they put a limit on mining. The idea was not for one person, or a certain group of people, to have it.

The idea was that everyone, everywhere in the world, owns this cryptocurrency.

If you need help with Bit Coin mining, you can reach out

SOFT TECH GEEKS

softtechgeeks@gmail.com

Thank you

In the times we live in, technology has made incredible advances compared to any time in the past. This evolution has redefined human life in almost every aspect. In fact, this evolution is an ongoing process and hence human life on earth is improving day by day. One of the latest inclusions in this aspect are cryptocurrencies.

Cryptocurrency is nothing but a digital currency, which is designed to impose security and anonymity in online monetary transactions. It uses cryptographic encryption to both generate currency and verify transactions. New coins are created through a process called mining, while transactions are recorded in a public ledger, called the Transaction Block Chain.

Little backtrack

The evolution of cryptocurrency is mainly attributed to the virtual world of the web and involves the procedure of transforming readable information into code, which is almost indecipherable. This makes it easier to track purchases and transfers involving currency. Cryptography, since its introduction in World War II to secure communication, has evolved into this digital age, merging with mathematical theories and computer science. Therefore, it is now used to secure not only communication and information, but also the transfer of money over the virtual web.

How to use cryptocurrency

It is very easy for common people to use this digital currency. Just follow the steps below:

• You need a digital wallet (obviously, to store currency)
• Use the wallet to create unique public addresses (this allows you to receive currency)
• Use public addresses to transfer funds to or from your wallet

Wallets for cryptocurrencies

A cryptocurrency wallet is nothing more than a software program, which can store both private and public keys. In addition, it can communicate with different blockchains, so users can send and receive digital currency and track their balance.

How digital wallets work

Unlike conventional wallets that we carry in our pockets, digital wallets do not store money. In fact, the blockchain concept is so cleverly mixed with cryptocurrencies that currencies are never stored in a specific location. Nor do they exist anywhere in cash or physical form. Only records of your transactions and nothing else are stored in the blockchain.

A real life example

Suppose a friend sends you some digital currency, say in the form of bitcoins. What this friend does is transfer ownership of the coins to your wallet address. Now, when you want to use that money, you unlock the fund.

To unlock the pool, you need to match the private key in your wallet with the public address that the coins are assigned to. Only when these private and public addresses match will your account be credited and your wallet balance will increase. At the same time, the digital currency sender’s balance will decrease. In digital currency transactions, the actual exchange of physical coins never takes place in any case.

Understanding Cryptocurrency Address

By nature, it is a public address with a unique string of characters. This allows the user or owner of a digital wallet to receive cryptocurrency from others. Each public address that is generated has a corresponding private address. This automatic match proves or establishes ownership of a public address. As a more practical analogy, you can consider a public cryptocurrency address as your email address to which others can send email. Emails are the currency people send you.

Understanding the latest version of technology, in the form of cryptocurrency, is not difficult. It takes some research and time on the internet to get the basics straight.

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 made electronically. Care should be taken when contributing to Bitcoin as its price is constantly changing. Bitcoin is used to exchange various currencies, services and products. Transactions are done through one’s computerized wallet, which makes transactions processed quickly. All such transactions were always irreversible as the identity of the client is not disclosed. This factor makes it a bit difficult to decide on Bitcoin transactions.

Features of Bitcoin

Bitcoin is faster: Bitcoin has the ability to organize a war faster than any other way. Usually when someone transfers cash from one side of the world to another, it takes a bank a few days to complete the transaction, but in the case of Bitcoin, it only takes a few minutes to complete. This is one of the reasons why people use Bitcoin for various online transactions.

Bitcoin is easy to set up: Bitcoin transactions are done through an address that each customer owns. This address can be easily set up without going through any of the procedures that the bank undertakes when setting up records. Address creation can be done without any changes, credit checks or any inquiries. However, any client who wants to consider contributing should always check the current price of Bitcoin.

Bitcoin is anonymous: Unlike banks that keep complete records of their customers’ transactions, Bitcoin does not. It does not keep records of clients’ financial data, contact details or any other relevant information. A Bitcoin wallet usually does not require any significant data to operate. This feature raises two points of view: first, people think it’s a good way to keep their data safe from third parties and second, people think it can increase dangerous activity.

Bitcoin cannot be denied: When someone sends Bitcoin to someone, there is usually no way to get the Bitcoin back unless the recipient feels the need to return them. This feature ensures that the transaction is completed, which means that the user cannot claim that they 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 administered in such a way that every job, individual and machine involved in exchange verification and mining is part of the system. Even if part of the system goes down, cash transfers continue.

Bitcoin is transparent: Although only an address is used to conduct transactions, every Bitcoin exchange is recorded in the Blockchain. So if at any point someone’s address was used, they can determine how much money is in the wallet through the Blockchain record. There are ways to increase the security of your wallets.

The wave of banks banning cryptocurrency purchases using their credit cards is growing, with Wells Fargo now included in this type of ban. A number of other banks, such as Chase, Bank of America, Citigroup and others, are also part of this new trend to restrict cryptocurrency purchases.

It appears that debit cards can still be used to buy cryptocurrencies (check with your bank to be sure of their policy), but using credit cards to buy cryptocurrencies has taken a turn with these banks leading the way in these purchase bans, and it probably won’t be long before this ban becomes standard.

Seemingly overnight, purchases began to be canceled when credit cards were used to purchase cryptocurrencies, and people who had never had a problem before buying cryptocurrencies with their credit cards began to notice that they were no longer allowed to make these purchases. The culprit is volatility in the cryptocurrency market, and banks don’t want people to spend a lot of money that will become a struggle to get back if there is a big cryptocurrency crash like the one at the beginning of the year.

Of course, these banks will also miss out on the money they’ll make when people buy cryptocurrencies and the market takes off, but they’ve clearly decided that the bad outweighs the good when it comes to gambling with their credit cards. This also protects the consumer by limiting their ability to get into financial trouble by using a loan to buy something that could leave them cash and credit poor.

Most investors who used credit cards to buy cryptocurrencies were probably looking for short-term gains and didn’t plan to stick with it for the long haul. They were hoping to get in and out quickly and then pay off their credit cards before the high interest rates kicked in. But with the constant volatility of the cryptocurrency market, many who bought with this plan in mind have found themselves losing huge amounts of assets as the market falls. Now they are paying interest on the lost money, which is never a good thing. This, of course, was bad news for banks, and caused the current and growing trend of banning cryptocurrency purchases with credit cards.

The lesson here is that you should never max out your crypto investment line of credit, but only use a percentage of your hard assets to buy cryptocurrencies. These funds should be funds that you can lock in for the long haul without hurting your budget.

So don’t get caught putting money into a cryptocurrency you’ll soon need only to find that the crisis has taken money out of your pocket. There’s an old saying, “Don’t gamble money you can’t afford to lose,” and that’s a lesson banks want people to learn as they venture into this new investment frontier.

What is Bitcoin Black?

Bitcoin Black is basically a cryptocurrency of the people, by the people for the people. It will be adopted for use as a peer 2 payment system that gives the power back to the people.

If we talk about Bitcoin, Bitcoin has failed to do that, the real value comes from actually using the ecosystem and empowering people. Bitcoin transactions are slow and expensive, and it can be said that Bitcoin is somewhat centralized. Bitcoin takes people power because it is difficult to manipulate and goes through cycles that discourage participants from cryptocurrency in general.

People buy bitcoin to get rich, not to be included in the ecosystem. The elite one percent are taking advantage of bitcoin and creating discouragement, strategically increasing the price and attracting entry to the dream of riches and dumping the coins in their favor. In fear of adoption. Bitcoin is completely controlled, pumped and manipulated at will, for many different reasons.

Bitcoin Black focuses on solving these problems because the coin is a fair distribution cryptocurrency, released to 1 million wallets before the IEO, and all funds will go to community groups voted by the community to move the project forward with a focus on fair distribution, mass adoption, usability, education, ease of access, simplicity and community.

The goal is to make it a real decentralized autonomous network that gives power back to the people. He does not belong to a group, but belongs to many branches of the community.

Distribution of coins

Bitcoin Black aims to drop to at least 1 million wallets initially with no more than 0.5% of the supply owned by a single founding member, making it a truly decentralized cryptocurrency.

The project has a presale of 2.5% of the total supply which is almost 900 million coins.

If we look at the IEO, 7.2 billion IEO coins will be allocated to several community foundations that will help the community move the project forward in the future.

Opposite means for manipulation (about 5%). The part used for the stability control fund to eliminate the possibility of early manipulation at low volume and maintain the stability of the currency.

Finally, the reward for introducing the app will be 14.4 billion coins.

Introducing 30 million members while increasing the rate of new users. A method of bringing coins into every school yard / university / workplace and community.

Total Supply

The maximum supply is 36 billion coins.

Awards

Members who help share the Airdrop claim 3.6 billion coins.

A simple one-click social sharing platform. Share a social message that provides an introduction to the encrypted video and an app download link that will allow your friends to download it. Currently the platform is active and working well.

Innovation

The best innovation is fee-free transactions. You can send Bitcoin black to anyone for free. Transactions are instant and you can send money as easily as sending a message.

Wallets are readily available and very easy to use.

Conclusion

Bitcoin black has a fairly massive distributed currency with a wide range of supply that will create less volatility with synchronized pumps and dumps and lead to a more stable price. Bitcoin black will be the next bitcoin. You can register for the airdrop by clicking here. I wish someone had included me in the Bitcoin airdrop back in 2008. Bitcoin Black is going to change your life and we want to tell as many people as possible.

Introduction:

Cryptocurrency is a relatively new concept. Doing transactions using cryptocurrencies requires good knowledge. This area is growing rapidly and becoming very popular. At the same time, hackers started adopting newer methods to cause trouble and steal all the currencies. But it is possible to provide protection with digital currencies to avoid huge losses. This article deals with the part about cryptocurrencies, which talks about protecting them from malicious attacks. The liquidity pool locker concept is also discussed in detail below.

Cryptocurrency can be defined as digital tokens that can be secured by cryptography. We can think of it as a digital asset. Cryptocurrencies have seen a lot of backlash and controversy for a number of reasons. These reasons mainly include their use for illegal activities and their vulnerability to malicious attacks. At the same time, they are praised for various reasons, including their transparency, portability, etc. Bitcoin is the most popular form of cryptocurrency.

How to protect cryptocurrency?

As mentioned before, cryptocurrency is a new market. But that doesn’t make it any less vulnerable to hacking and theft. Therefore, it becomes very necessary to protect digital currencies. There have been various cases where people have been subjected to malicious attacks.

Such attacks lead to the loss of several cryptocurrencies. People who hack these accounts then usually disappear online and become impossible to trace. They also carry a bunch of digital currencies with them.

One of the best ways to protect digital currencies is to use a wallet. Originally, there were two types of wallets. New designs are also being introduced these days. Among all these options, a physical wallet has to be the best option. These are also called hardware wallets. They have a password, which needs to be known, to gain access to the tokens. There is also a major downside to these hardware wallets. If the user loses or forgets the password, they can never access the tokens in any other way.

Apart from these, there are also paper wallets, which are online wallets.

Users should always use strong passwords and should never share their secret keys.

Why should we use a liquidity compartment?

Cryptex is a type of liquidity locker. The liquidity pool locker allows the user to store their tokens under a smart contract. Under this contract, they cannot transfer tokens from the start date to the end date specified in the contract. There are various such cabinets, and some of them are highly valued. Due to such restrictions, currencies remain safe and sound and are not vulnerable to malicious attacks. The user can also customize the duration and then store the LP tokens. These lockers do not retrieve tokens, their function is to keep them safe for the specified period according to the smart contract.

Among all techniques, liquidity pool locking is very effective. It also carries no risks compared to cold wallets.

If an individual (developer) does not own the LP tokens, he cannot claim the fund’s return at any time.

It has been more than a decade since cryptocurrency started to fascinate people through social media and especially over the internet. Bitcoin was able to rank among the best cryptocurrencies today, no one knows about the exact origin of the currency, but it appeared in mid-2008 in connection with the Japanese pseudonym “Satoshi Nakamoto”.

So, what exactly is this Bitcoin currency and why has it managed to maintain its place in the financial markets. Well, the following reasons can give you an idea of ​​its popularity and proof of its continued sure future existence.

• Bitcoin is the first decentralized digital currency.

• Bitcoin is an independent, free-floating currency that is not owned by any government or tied to any other currency in order for the economic indicators that govern the value of traditional currencies to affect the value.

• With its growing popularity among the masses, it is now enjoying an increased level of acceptance at all levels, for example, you can now directly buy things with Bitcoin cryptocurrency and trade it on various platforms such as CoinBase, Bitfinex, Bitstamp, Kraken and many more.

• All you need is a wallet and an internet connection for peer-to-peer Bitcoin transfers.

• In most cases, transfers are instant.

• The convenience of making transactions via the Internet or mobile phone in a few clicks.

• Your privacy is safe compared to other online payment methods where your vital information can be leaked and misused.

• While transferring money using conventional methods, you must pay fees depending on the volume of your transactions and further, these transfers are subject to your specific regional and country regulations. Although a transaction in Bitcoin cryptocurrency does not require you to be bound by any government regulations and besides, you do not incur high transaction fees.

• Since you are the only one who has access to your electronic wallet, your coins are always safe with you and no one can steal your money. The process and transactions are transparent because of the shared public ledger and anyone can check the transaction at any time from anywhere in the world using the internet.

• Another advantage of having a Bitcoin cryptocurrency wallet is that your account cannot be frozen.

Considering the growing popularity and acceptance of the Bitcoin cryptocurrency, we can safely assume that the future of Bitcoin is not only safe, but rather bright, and that this innovative payment method is here to stay.

Cryptocurrency is a digital alternative to using credit cards or cash for everyday payments in various situations. It continues to grow as a viable alternative to traditional payment methods, but it still needs to become more stable before it is fully accepted by ordinary people. Let’s look at a few of the many benefits of using cryptocurrency:

Fraud – any problem with fraud is minimized as cryptocurrency is digital which can prevent voided or forged payment. This type of transaction can be a problem with other traditional payment options, such as credit card, due to chargebacks.

Identity theft – no need to provide personal information that can lead to identity theft when using cryptocurrency. If you use a credit card, the store is given a lot of information related to your credit line, even for a very small transaction. Also, paying by credit card relies on a withdrawal transaction where a certain amount is requested from the account. When paying in cryptocurrency, the transaction is based on a push basis, which gives the account holder the ability to send only the exact amount of the debt without additional information.

Versatile use – cryptocurrency payments can easily be made in accordance with certain conditions. A digital contract can be created to make a payment subject to completion at a future date, referencing external facts or obtaining third-party approval. Even with a separate contract, this type of payment is still very fast and efficient.

Easy access – the use of cryptocurrency is widely available to anyone with access to the Internet. It is becoming very popular in certain parts of the world, such as Kenya, where almost 1/3 of the population uses a digital wallet through a local microfinance service.

Low Fees – It is possible to complete a cryptocurrency transaction without paying any additional fees or charges. However, if a digital wallet or third-party service is used to hold the cryptocurrency, there will likely be a small fee.

International Trade – This type of payment is not subject to country-specific taxes, transaction fees, interest rates or exchange rates, making cross-border transfers relatively easy.

Adaptability – with almost 1200 unique types of cryptocurrencies on the global market, there are many opportunities to use a payment method that suits specific needs. While there are many options for using coins for everyday use, there are also those designed for a specific use or in a specific industry.

Let’s recap on crypto security and if you need to, check out part one.

Bitcoin security is important. Your bitcoin or any other cryptocurrency has a unique address or identification or private key. Therefore, you need to understand how important it is to keep it safe. If you lose it, it’s hard to recover it, so you need to secure it as best you can.

I must make this clear, because safety must be of utmost importance and should not be taken lightly.

There are countless stories of individuals who lost access to their computers (either through negligence or wrongdoing) and ended up being unable to recover their bitcoin or other cryptocurrency. This must be the equivalent of leaving your wallet vulnerable to either pocket money or carelessness when out and about.

Fortunately, there is a way to be doubly protected for your assets. A secure hardware wallet will ensure that if you accidentally lose access to your computer or tablet, etc., (by any means) you have the ability to recover your bitcoin, ethereum, litecoin, etc.

A hardware wallet allows you to transfer your cryptocurrency to any other computer, as it is basically a usb connection that you use to secure your transactions.

Second level of security.

Trezor is an original hardware wallet and is easy to set up for your bitcoin security. There are other products available, but for the rest of this article I’ve decided to focus primarily on the Trezor hardware wallet.

The main principle behind Trezors bitcoin security is zero trust.

Using the Trezor screen, you can independently verify and physically confirm each transaction directly on your device.

It also requires a pin from you every time you log in. This ensures that you are present at all times.

As a single-purpose device, there are no other functions on the wallet.

Simplicity is additional security.

Trezor is no exception to the risk of malware or viruses, period. However, the fewer devices Trezor communicates with, i.e. no Bluetooth, wifi or Qr code scanning, so the simpler the communication protocol, the more secure your bitcoin security.

Also, Trezor has no battery. Once it’s off, it’s off and your coins are safe from any cyber attack.

I hope I have emphasized the importance of Bitcoin security. The main issues are zero trust and concrete security. Also make sure your backup process is equally secure ie. if necessary, ensure that your details are available to someone you specifically trust.