It’s very important to learn the basics of cryptocurrencies if you want to get involved. This mini guide will be separated into two parts for an easier, better understanding. We hope to explain in a simple way and help you get the right decision.
Cryptocurrencies- What Are They?
Cryptocurrencies are simply put- the replacement of fiat currencies. The main goal is to use these kinds of currencies is to improve and fix the problems that regular systems have. For example, when using PayPal you are sending money electronically and it can take a lot of time and a lot of extra money. Bitcoin, for example, tries to improve this process by shortening the time and lowering the costs.
Are Cryptocurrencies Real Money?
In some way. We get that the concept is very confusing but this is what this guide is for, right? Many new companies are starting to use this payment method instead of a traditional one, accepting bitcoin as a real money for the favors the offer.
What About Blockchain?
The easiest way to put it- it’s a database. With a slight difference from what you already know about databases. A traditional database is stored only on one computer. A blockchain database can be distributed on thousands of computers for a very low cost. The information stored is highly encrypted and it’s almost impossible to expose the entire data file.
How Do I Buy Cryptocurrency?
You would have to find an exchange platform that you like the best. Of course, make sure before choosing one to learn everything about that specific exchange. We put down a list of few exchanges that we believe are a great option:
Most of these exchanges allow using a credit card just make sure you don’t store them on the platform itself.
Deloitte Features Blockchain In Its Annual Tech Trends Report
“Today, blockchain is to trust what the web was to communication: a profoundly disruptive technology that transforms not only business but the way humans transact and engage," the report notes.Deloitte also agrees that blockchain is viral, saying that the technology is “capturing both mindshare and investment is remarkable considering that a few years ago the word blockchain was known only through its relationship to cryptocurrencies. One of the areas where blockchain is likely to develop in the coming year, according to Deloitte, is the technology that includes "gateways, integration layers and common standards." However, Deloitte also shared the obstacles of implementing the technology, mainly related to the time-consuming operations, lack of standardization, high costs and complex applications.
Stellar’s XLM Token Added To Greyscale’s Crypto Investment Trust Fund
“I think the theory is a sound one,” he said about Stellar’s business proposition for bridging crypto to fiat currency conversions. An American bank may be keeping large amounts of currencies in foreign banks, and to be able to bring those balances of foreign currencies onto a balance sheet as working capital is valuable. Financial institutions won’t be required to hold balances all over the place. This will improve efficiency and shore up balance sheets for other uses.”Stellar had amazing performance especially in Q4 after striking a deal with crypto wallet provider Blockchain.com in order to start distributing XLM that is worth $125 million in an airdrop, hoping to increase bigger awareness and adoption. In the meantime, Greyscale had a mixed year in 2018 after bitcoin dropped to its 15-month low at $3,130. The company’s Bitcoin Trust was worth less than $1 billion for the first time in 2018. According to the crypto industry newsletter Diar’s research, Greyscale in the same apparently had holdings just over one percent of the total BTC in circulation. After the announcement, Stellar increased up by 1.22 percent.
SEAT Car Manufacturer To Start Working On Blockchain-Based Products Development
Bitcoin ATM Operator Coinme To Start Selling BTC At Coinstar Counting Machines
“Bitcoin is now accessible at your local grocery store via Coinstar kiosks, and this offering will make it even easier for consumers to participate in this dynamic new economy.”Coinstar, on the other hand, offers coin-to-cash conversion in their kiosks in multiple countries around the world but it still remains unknown whether the Bitcoin feature will expand just as quickly as it did in the US. Coinstar’s CEO Jim Gaherty noted: Coinstar offers coin-to-cash conversion kiosks in various countries throughout the world. It remains unknown whether the Bitcoin feature will expand beyond the U.S., while the company did not provide figures on how many machines will offer it.
“Coinstar is always looking for new ways to offer value to our consumers when they visit our kiosks.’’According to CoinATMRadar industry monitoring resource, there are more than 4187 Bitcoin ATMs worldwide and more than 60 percent or 2516 are in the United States. The market has grown plenty over the years and many operators are trying to get control of what they think to become a fairly popular trend for crypto usage.
Join us on Facebook
- Binance Plans To Expand To Eight New Countries But Declines To Confirm Six Of Them
- Deloitte Features Blockchain In Its Annual Tech Trends Report
- Crypto Payments Platform CoinGate Begins Its Lighting Network Trial With Litecoin (LTC)
- The $400bn Tencent And Its Plans To Acquire Two Major Bitcoin Exchanges
- Bitcoin Could Soon Fall To $2,400 And Wall Street Could Buy The Dip
UPCOMING EVENTS RECOMMEND BY DC FORECASTS
Ethereum News4 days ago
Coinbase And Kraken Officially Supporting ETH’s Constantinople Hard Fork
Altcoin News5 days ago
Major Swiss Bank Launches A Crypto Custody Solution Targeting Banks & Asset Managers
Bitcoin Scams4 days ago
New Torrent Malware Posing As Movie File Can Replace BTC & ETH Addresses: Researcher
Altcoin News2 days ago
Market Sees Red, Losing $1 Billion Overnight While Bitcoin Remains At $3,600
Bitcoin News4 days ago
American Businessman Still Missing After $950,000 In BTC Ransom Paid
Altcoin News2 days ago
Crypto Analysts: 2019 May Be A Year Of Bitcoin Accumulation
Blockchain News4 days ago
The Revenue Agency Of Bulgaria Will Investigate Crypto-Selling Companies
Blockchain News1 day ago
$1 Billion In Transactions Reported For 2018 By BitPay