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Blockchain Archive

5 Amazing Blockchain Based Startups For This Year

  1. Simple Token

Simple Token is a great blockchain based startup that helps companies to implement blockchain technology without the need of hundreds of experts and programmers. They give the companies tools in order to create and launch their own tokens. Simple Token was founded in July 2016 by Jason Goldberg and Nishith Shah. To this day they have helped many companies create their own branded token.

  1. Dentacoin

Dentacoin is a startup that aims to solve all the everyday problems in the dental industry. They use smart contracts for both dentist and patients. The idea behind it is to eliminate insurance companies that make a lot of money and to pay directly to the dentists in order to boost the business even more. This startup was created in February of last year and it’s currently used in more than 15 clinics in the Netherlands.

  1. BitTicket

BitTicket is a great startup that tries to lower down the possibilities of re-selling tickets illegally. The way it works is you need to register your ownership to a certain ticket and download it to your phone instead of paper ones. If you decide that you will not use it, you can sell it for the price you already bought it. So you are unable to re-sell tickets for profits.

  1. Smart Valor

Smart Valor is a blockchain based startup that aims to connect the traditional world of finance with the crypto one. The startup was created in 2017 by Olga Feldmeier with an investment of 1.5 million pounds.

5. Coinlancer

Coinlancer is built on the Ethereum platform and works as a job market. Freelancers and clients around the world can easily find a job on this platform. The project is aiming to solve all the problems the current job market has and is using blockchain technology to help freelancers look for a job easily. Coinlancer is also aiming to make the entire process much safer and more efficient.


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Stefanie has been a Bitcoin Specialist for over 5 years. Providing daily news and updates for DC Forecasts.

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Blockchain Archive

What Is The Best Way To Store BTC?

As you can see, Bitcoin’s popularity grew in the past few years which led to a great price surge. Many cryptocurrencies followed this path. Of course, this was a great opportunity for hackers to get their hands on this new technology. The attacks increased as the time went by.

A lot of money is invested daily into digital currencies and there are also a lot of new investors on the market that unfortunately don’t know how to keep their investments as secure as possible.

It’s really important to know that when storing your bitcoins you aren’t really storing them physically. They are an encrypted address on the blockchain. In order to reach them, you will need a unique key for a special and unique bitcoin location.

Here are some of the ways for best storing of your bitcoins.

  1. Electronic Wallet

These wallets can be downloaded as software or on a cloud. They usually have a very easy-going and user-friendly interface but there is a third party involved since you will trust your private keys to them.

  1. Software Wallet

In order to use it, you will need to download it to your computer. Most of them are free and have an easy configuration. The negative side is that they don’t require lot maintenance for backups so if your laptop gets stolen, for example, you will lose your bitcoins.

  1. Online Wallet

Online wallets are really convenient. You can access your bitcoin from many different devices using your passwords. They are easy to use and mostly free. They are however with a lower level of security.

  1. Hardware Wallets

These are the best wallets to use. They are usually as big as a USB flash drive, they are very secure and since they are offline they are hack free. Just be careful not to lose it. It’s best to keep it safe in a bank.

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Blockchain Archive

10 Of The Funniest Crypto Memes We Saw This Month

Last year was an all-Bitcoin year. It hit the mainstream, it reached almost 20.000$, it crashed to 6000$, overall it was an intense period for the Bitcoin community. Also, we saw another plunge in price the last month. During this hype, many found the opportunity to share their hilarious opinions on Bitcoin. It’s not only Bitcoin that was at the center of attention. Ethereum and Litecoin also found themselves in the hot spot of making fun. Having a little fun is always a good idea. You can find many websites, blogs, and even social media platforms where people share their opinions on all the cryptocurrencies. Whether you are a crypto-enthusiasts or a serious long-term investor, these memes can make you laugh for sure.

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Blockchain Archive

Proof-Of-Work Algorithm Explained

PoW is the consensus algorithm that works in the Blockchain network. This algorithm is used in the blockchain for transaction confirmation and for production of а new block. Miners are basically are working as in a competition and are trying to complete tasks on the network so they can get a reward from that.

Its main goal is to deter cyber-attacks such as DDoS attacks which are most dangerous and they work by sending tons of fake requests to a computer system. It’s hard to locate whether the PoW concept existed before Bitcoin but we can say for sure that Bitcoin was the first cryptocurrency that used this algorithm.

In fact, Proof-of-Work mechanism originates back in 1993 when the term itself first shows up in a document in 1999 by Markus Jakobsson and Ari Juels.

The great thing about PoW is the ability to provide a distributed consensus. This means that if you want to receive or send some money to someone, you will not require a third-party service. With traditional methods of payment, you need to use a bank or a credit card issued by a bank. They all have a private storage and register where they keep all of the transactions history data. With Bitcoin, however, everyone owns a copy of the blockchain and anyone can directly verify the information.

In order for this mechanism to function, you will need an expensive computer that has the ability to mine in order to create trustless transactions, better known as a block. The mining makes possible to verify how legitimate a transaction is and also helps to create new currencies by rewarding the miners for completing the previous task.

The important thing is that PoW is used by the bitcoin blockchain but also by the ethereum one and many other too!

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Blockchain Archive

Ethereum’s Smart Contracts Real Life Applications

Smart Contracts have the ability to authenticate documents via the blockchain technology. The great thing about it is that it avoids relying on third-party systems and allows the process to be entirely automated. They also allow a completely automated, easier process. Here are all the possible ways you can benefit from smart contracts. By using smart contracts, users can control all their personal data and reputation. Users are given the opportunity to choose whether to share this data with other parties, making the entire process much safer. Users won’t need to give away their identity when verifying transactions.

  1. Banking

The financial sector including the banking sector as a subsector in the financial one can have huge benefits from the smart contracts. They can be used when taking mortgages, bonds, settlements, payments, and insurance.

  1. ICOs

ICO token sales can be much more effective and efficient using smart contracts. This way they become more transparent and fair.

  1. Digital Identity

With smart contracts, digital identities are much easier to be managed and with them, they can solve the most important problem of identity theft.

  1. Record Keeping

This is possibly the best advantage that larger industries can have. Using smart contracts, industries can improve the speed and security of record keeping and shearing. One of the industries that might benefit the most is the healthcare one. The current healthcare system contains millions of patient medical record in their computers. Huge amounts of money are put into these systems to keep them up to date and running. The data is much more vulnerable on those systems and this is why there has to be an improvement done. Blockchain technology can help in storing the data safe and encrypted.

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