Will crypto-e-commerce destroy the dinosaur-style banking industry?

Banking as we know it, has existed since the first currencies were minted – perhaps even before, in one form or another. The currency, in particular coins, has grown out of taxation. In the early days of ancient empires, the annual taxation of one pig may have been reasonable, but as empires expanded this type of payment became less desirable.
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However, after the Covid situation, we not only seemed to move to a “non-cash” society (as one would like to deal with potentially “dirty money” in a store), but with a “contactless” level of credit card transactions have now risen to £ 45, and now even small transactions accepted, such as a daily newspaper or a bottle of milk, are paid for by card.

Did you know that more than 5,000 cryptocurrencies are already in use, and of which bitcoin ranks high on this list? In particular, bitcoin has had a very volatile trading history since its first creation in 2009. This digital cryptocurrency has undergone many actions in its rather short life. Initially, bitcoins were traded for almost nothing. The first real price increase occurred in July 2010, when the value of bitcoin rose from $ 0.0008 to $ 10,000 and more than one coin. Since then, the currency has experienced several major rallies and collapses. However, with the introduction of so-called “stable” coins – those supported by the US dollar or even gold, this volatility of cryptocurrency can now be taken under control.

But before we explore this new form of cryptographic e-commerce as a method of controlling and using our assets, including our “FIAT” currencies, let’s first look at how banks themselves have changed over the last 50 years or so.

Who remembers the good old checkbook? Prior to the advent of bank debit cards, in 1987, checks were the primary means of transferring assets to others in commercial transactions. Then with the help of bank debit cards, along with ATMs, obtaining FIAT assets became much faster, and for commercial transactions online.

The problem that has always been present in banks is that most of us need at least 2 personal bank accounts (checking account and savings account) and one for each business we owned. Also, trying to “quickly” transfer money from your bank account to say you went abroad was something like SWIFT!
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Another issue was cost. Not only did we have to pay a regular fee for servicing each bank account, but also a huge fee for each transaction, and of course, in very rare cases we did not receive any valuable interest for the money in our current account. Account.

In addition to everything Overnight By trading every night using expert financial traders, or, more recently, artificial intelligence (AI) trading systems, all of OUR assets will be traded, and economically, banks became the main acquirer of our assets – but not us! Look at the potential business that can be done with OVERNIGHT Trading.

Thus, summing up, banks not only charge a large fee for storing and moving our assets using smart trading methods, they also make a significant profit from trading our money in the Overnight chain, for which we see no benefit.

Another point is do you trust your bank with all your assets?

What about the fact that the Bank of Scotland, which was the national bank of Scotland and now owned by the Lloyds Banking Group, was recently mentioned in a September press release which stated: “Lloyds Bank asset fraud is the most serious financial scandal of today. “

Why not google this website and then make your own choice?

So, now let’s see how the cryptographic e-commerce system should work, and how the benefits that banks have enjoyed for OUR money can be the main source of income for Asset Holders – the US!

On the 10thth In October 2020, a new large e-commerce campaign based on cryptography – FREEBAY.

In short, Switzerland-based FreeBay is a company that incorporates its own Blockchain technology, with its own SAFE Crypto Coin (based on V999 technology), and allows its members to transfer their FIAT assets to Gold Bullion, eliminating the need to participate any BANK.

V999: digital gold using blockchain; digital token backed by physical gold V999 Gold (V999) is a digital asset. Each token is backed by one-tenth of a fine gold gram ingot, which is stored. If you own a V999, you own a base physical gold that is in custody. In addition, FreeBay members can purchase packages that include powerful automated trading robots based on intelligence.

So now you can not only achieve complete independence from the standard BANK, but you can also trade, like banks, with your Gold digital assets in the form of V999 Crypto tokens, in OVERNIGHT systems, only now do you, the asset owner, receive rewards, not banks.

But there is another big advantage in trading V999 tokens. As you were Common the token owner, so like banks, every time a V999 token is traded (i.e. sold), for example, to buy bitcoin or any other cryptocurrency, a transaction fee is charged. Each time a transaction occurs, the total owner of the V999 token receives a small percentage of that fee.

Note that once a trade takes place and the V999 token is sold, in exchange for, say, Bitcoin or any other cryptocurrency, a small% of that transaction fee is paid Common owner this token (i.e. YOU). Because the goal of Freebay is to make the V999 token one of the most sought after secure Crypto coins, even after your token has been sold to another trader because you are still Total token owner V999every time this token is traded by any other trader, it is you – the general owner of this token, who receives a trade commission.

It could not only create great Passive income for you, for life, but succumb to your descendants – and nowhere involved a regular bank.

So the more V999 tokens you buy and put into circulation, the more and better your residual income – not just for life, but probably for your dependents – can become a reality.

Are you interested enough to learn more? Then click here.


Has cryptocurrency become the investment of every Indian’s dream?

Wealthy rewards often entail great risks, and the same goes for the very volatile cryptocurrency market. Uncertainty in 2020 on a global scale has led to increased interest of the masses and major institutional investors in trading cryptocurrencies, a class of assets of modern times.
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Increasing digitization, a flexible regulatory framework and the Supreme Court’s lifting of a ban on banks dealing with crypto companies have parked the investments of more than 10 million Indians over the past year. Several major global cryptocurrency exchanges are actively studying the Indian cryptocurrency market, which has been showing steady growth in daily trading volume over the past year amid a sharp drop in prices as many investors looked to buy value. As the cryptocurrency frenzy continues, the country has many new cryptocurrency exchanges that allow you to buy, sell and trade, offering functionality through user-friendly programs. WazirX, India’s largest cryptocurrency trading platform, doubled the number of users from one million to two million from January to March 2021.
What is pushing the world’s largest cryptocurrencies to the Indian market?
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In 2019, Binance acquired the Indian trading platform WazirX, the world’s largest cryptocurrency exchange by trading volume. Another crypto startup, Coin DCX, has received investments from BitMEX in Seychelles and giant Coinbase from San Francisco. By June 15, 2021, crypto and blockchain startups in India had attracted $ 99.7 million in investment, or about $ 95.4 million in 2020. Over the past five years, global investment in the Indian crypto market has grown by a whopping 1487%.

Despite India’s vague policies, global investors are betting heavily on the country’s digital coin ecosystem due to many factors such as
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• Technologically savvy Indian population

The vast majority of 1.39 billion people are young (average age 28 to 29) and technology-savvy. While the older generation still prefers to invest in gold, real estate, patents or stocks, newer ones prefer high-risk cryptocurrency exchanges because they are more adapted to them. India ranks 11th in the list of the Chainalysis report for 2020 on the global use of the crypt, which shows the enthusiasm of the crypt among the Indian population. Also, the government’s hostility to the crypt or rumors circulating around the crypt are also unable to shake young people’s confidence in the digital coin market.
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India offers the cheapest internet in the world, where one gigabyte of mobile data costs about $ 0.26 and the global average – $ 8.53. As a result, nearly half a billion users enjoy affordable internet access, increasing India’s potential to become one of the world’s largest cryptocurrencies. According to SimilarWeb, the country is the second largest source of web traffic to Paxful’s peer-to-peer bitcoin trading platform. While the mainstream economy is still struggling with the “pandemic effect,” cryptocurrency is gaining momentum in the country as it gives the younger generation a new and faster way to make money.
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It is safe to say that cryptocurrency can become an Indian millennial than gold for their parents!

• Growth of fintech startups

The fascination with cryptocurrencies has led to the emergence of several trading platforms such as WazirX, CoinSwitch, CoinDCX, ZebPay, Unocoin and many others. These cryptocurrency exchange platforms are highly secure, available on a variety of platforms and allow instant transactions, providing a user-friendly interface for cryptocurrency enthusiasts to buy, sell or trade digital assets limitlessly. Many of these platforms charge INR for purchases and trading fees of 0.1%, so simple, fast and secure platforms represent a lucrative opportunity for both first-time investors and local traders.
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WazirX is one of the leading cryptocurrency exchange platforms with more than 900,000 users, providing customers with peer-to-peer transactions. CoinSwitch Kuber provides the best cryptocurrency exchange platform for Indians and is ideal for both beginners and everyday people. Unocoin is one of the oldest cryptocurrency exchange platforms in India, accounting for over a million traders through mobile apps. CoinDCX provides users with more than 100 cryptocurrencies as an exchange option and even provides investors with insurance to cover losses in the event of a security breach. Thus, global investors are considering many cryptocurrency exchange platforms in India to take advantage of the emerging market.
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• Mixed government response

A bill banning virtual currency, which criminalizes all those involved in the possession, issuance, extraction, trade and transfer of crypto assets, could be passed into law. However, Finance and Corporate Affairs Minister Nirmala Sitharaman has eased concerns among some investors, saying the government has no plans to completely ban the use of cryptocurrency. In a statement to the leading English newspaper Deccan Herald, the Minister of Finance said: “For our part, we are very clear that we are not closing all options. We will allow people to experiment with blockchain, bitcoins or cryptocurrency.” the national security risks borne by cryptocurrencies before deciding on a total ban.
In March 2020, the Supreme Court overturned a central bank decision to ban financial institutions from engaging in cryptocurrencies, prompting investors to flock to the cryptocurrency market. Despite long-standing fears of a ban, transaction volumes continued to increase, and user registration and cash inflows to the local cryptocurrency exchange increased 30 times than a year ago. One of India’s oldest exchanges, Unocoin, added 20,000 users in January and February 2021. The total volume of Zebpay on February 2021 became equivalent to the volume generated for the entire month of February 2020. Deciding on the cryptocurrency scenario in India, the Finance Minister said in an interview with CNBC-TV18: “I can only make it clear to you that we are not closing our minds, we are looking for ways to experiment in the digital world and cryptocurrency.”
Instead of sitting aside, investors and stakeholders want to do their best to spread the digital coin ecosystem until the government imposes a ban on “private” cryptocurrency and declares a sovereign digital currency.
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Is India moving towards financial inclusion through cryptocurrency?

Once considered a “boys’ club ”due to the predominant male participation in the cryptocurrency market, the ever-growing number of women investors and traders has led to more gender neutrality in new and digital forms of investment methods. Women used to stick to traditional investments, but now they are taking risks and venturing into India’s cryptospace. After the Supreme Court clarified the legitimacy of India’s cryptocurrency platform “virtual currency”, CoinSwitch witnessed an exponential 1000% increase in the number of its female users. Although women investors still make up a small percentage of the crypto community, they are creating stiff competition in the Indian market. Women tend to save much more than their male counterparts, and more savings means more variety in investments such as high-yield assets such as cryptocurrencies. In addition, women are more analytical and better at assessing risks before making the right investment choices, so they are more successful investors.
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Increasing the widespread institutional acceptance of cryptocurrencies

Uncertainty and panic caused by SARS-Covid 19 led to a liquidity crisis even before the economic crisis. Many investors converted their assets into cash to protect their finances, leading to a collapse in bitcoin and altcoin prices. But despite the fact that the crypt suffered a major crash, it still managed to become the best asset class in 2020. With the growing vulnerability of the system and the loss of confidence in central bank policies and money in its current design, people have an increased appetite for digital currencies, which has led to a rebound of cryptocurrency. Due to the stellar performance of cryptocurrency in the midst of the global financial crisis, the upward trend has increased interest in the virtual currency market in Asia and the rest of the world.
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In addition to fueling society’s demand for convenient and reliable transaction solutions, digital payment gateways such as PayPal have also demonstrated their support for cryptocurrencies that allow consumers to hold, buy or sell virtual assets. Tesla CEO Elon Musk recently announced a $ 1.5 billion investment in the cryptocurrency market and that the electric company would accept bitcoins from buyers, leading to a jump in international bitcoin prices from $ 40,000 to $ 48,000 over two days. Two of the largest payment platforms worldwide, Visa and Mastercard, also support cryptocurrencies, providing them as a medium for transactions. While Visa has already announced the authorization of transactions with stable coins in the Ethereum blockchain, Mastercard will start transactions from the crypt in 2021.
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What awaits the future of the cryptocurrency market in India?

The Indian cryptocurrency market is not immune to terrible crypto-failures. Despite huge investments from global counterparts, local investors still keep their distance from crypto-investments due to uncertainty in the legitimacy of India’s digital coin ecosystem as well as high market volatility. Although the cryptocurrency market has been evolving since last year, Indians own less than 1% of the world’s bitcoin, creating a strategic disadvantage for the Indian economy. The Indian government plans to appoint a new group to study the possibility of regulating digital currencies in the country, as well as focus on blockchain technology and propose it for technological improvements.
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The ability of blockchain technology to provide secure and unchanging infrastructure has been implemented by various industries to ensure transaction transparency. For a country with more than 15 million cryptocurrency users, the new committee recommendation could be of great importance for determining the future of cryptocurrency in India. However, stakeholders believe that technical and economic power will make India a key player in the crypto and blockchain market. Gradually, cryptocurrency is gaining widespread recognition, which could lead to a wider spread of digital currency.

According to another TechSci Research report on “India’s cryptocurrency market By Proposals (Hardware and Software), By Process (Mining and Transactions), By Type (Bitcoin, Etgereum, Bitcoin Cash, Ripple, Dashcoin, Litecoin, Others), By End Users (Banking, Real Estate, Stock Market and Virtual Currency) ), By Regions, Forecasts and Opportunities, 2026 “, India’s cryptocurrency is expected to grow with significant CAGR due to increased transparency requirements and reduced transaction costs. In addition, the growing proliferation of digital currency and the growth of blockchain technology are fueling the cryptocurrency market .

What is bitcoin and why is cryptocurrency so popular?

Bitcoin has been a buzzword in the financial space. In fact, over the past few years bitcoin has exploded on the scene, and many people and many large companies are now switching to bitcoin or cryptocurrency, wanting to participate in the action.

People who are completely new to the cryptocurrency space are constantly asking this question; “What is Bitcoin really?”

Well, for starters bitcoin is a digital currency that is not under the control of any federal government, it is used all over the world and can be used to buy things like your food, drinks, real estate, cars and other things.

Why is bitcoin so important?

Bitcoin is not amenable to things like government control and fluctuations in foreign currencies. Bitcoin is backed by the full faith of (you) man, and it is strictly equal to a peer.

This means that anyone completes transactions with bitcoins, the first thing they realize is that using it is much cheaper than trying to send money from bank to bank or using any other services that require sending and receiving money internationally.

For example, if I wanted to send money, say, to China or Japan, I would have to take a fee from the bank, and it would take hours or even days for that money to go there.

If I use bitcoin, I can do it easily from my wallet, cell phone or computer instantly without any of these fees. If I wanted to send, for example, gold and silver, it would take a lot of guards to move the ingots from point to point, it would take a lot of time and a lot of money. Bitcoin can do it again with the touch of a finger.

Why do people want to use Bitcoin?

The main reason is that bitcoin is a response to these destabilized governments and situations where money is no longer as valuable as it used to be. The money we have now; the paper currency that is in our wallets is worthless, and in a year it will cost even less.

We even see large companies showing interest in blockchain technology. A few weeks ago, several Amazon customers were asked if they would be interested in using cryptocurrency if Amazon created it. The results of this showed that many were very interested. Starbucks even hinted at using a blockchain mobile app. Walmart has even applied for a patent for a “smart package” that will use blockchain technology to track and authenticate packages.

Throughout our lives we have seen many changes in how we shop, how we watch movies, how we listen to music, read books, buy cars, look for houses, now how we spend money and banking. Cryptocurrency is here to stay. If you haven’t already done so, it’s time for everyone to fully explore cryptocurrency and learn to take full advantage of this trend, which will continue to thrive over time.

Why there will never be another bitcoin

Well, it’s been a crazy 10 years for bitcoin. In fact, more than 10 years have passed since Bitcoin was first created by Satoshi Nakamoto. Whoever they were, he or she, they had a profound impact on the world. They undoubtedly predicted it, so they decided to disappear.

So more than a decade later Bitcoin is still alive and stronger than ever. Thousands of other cryptocurrencies have emerged since everyone tried to emulate the King of Crypto. All have failed and will fail. Bitcoin is the only kind. Something that is impossible to repeat. If you don’t know why, then let me explain.

If you don’t know what Bitcoin is, I’ll give you a few brief key points:

  • Bitcoin is an online cryptocurrency

  • It has a maximum supply of 21 million

  • It cannot be forged

  • Not all coins are in circulation yet

  • It is completely decentralized and no one controls it

  • It cannot be censored

  • This is Peer to Peer Money

  • Anyone can use it

  • Bitcoin has a fixed offer that decreases every 4 years

What distinguishes bitcoin?

So how is Bitcoin different from all the thousands of other coins that have been invented since then?

When bitcoin was first invented, it began to spread slowly among a small group of people. It grew organically. When people started to see the benefits of bitcoin and how the price would grow because of its fixed offer, it started to grow faster.

The Bitcoin blockchain is now distributed to hundreds of thousands of computers around the world. This has spread beyond the control of any government. Its creator has disappeared and now it works autonomously.

Developers can upgrade and improve the Bitcoin network, but this needs to be done apparently by the Bitcoin network. No one can control Bitcoin. This is what makes Bitcoin unique and impossible to replicate.

Thousands of other cryptocurrencies are now available, but as an example of how Bitcoin is different, I will use Ethereum as an example. It is one of the largest alternative coins at the moment and has existed since it was invented in 2015 by Vitalik Buterin.

Vitalik runs the Ethereum blockchain and essentially has the final say in any development that happens on Ethereum.

Censorship and government intervention

For this example, let’s imagine Iran sending billions of dollars to North Korea to fund their new nuclear weapons program. It’s not a very good situation, but it should show you how your money is more secure in bitcoins!

Anyway .. the first example. Iran uses a standard banking system and transfers the money to North Korea in dollars. The US government says, wait, we need to freeze these transactions and confiscate the money .. Easy. They do it right away and the problem is over.

The second example. The same thing is happening, but this time Iran is using the Ethereum blockchain to send money to North Korea. The U.S. government is watching what happens. Phone call.

“Bring Vitalik Buterin NOW”

The US government is “putting some pressure” on Vitalik, and they are forcing him to roll back the blockchain and cancel Iran’s transactions. (The Ethereum blockchain was actually a rollback earlier when a hacker stole a significant amount of funds).

The problem is solved. Unfortunately, Ethererum’s credibility will be tarnished along with its price.

Ethereum is just an example, but it is true for any other cryptocurrency.

Bitcoin cannot be stopped

So the same thing happens again. This time Iran is using bitcoin as a payment method. The US government sees this and cannot stop it.

No one to call. There is no one to put pressure on. Bitcoin is uncensored.

Every other cryptocurrency has been created by someone or some company and it will always be a point of failure. They are still centralized.

Another example would be if Vitalik’s family was taken hostage .. Bitcoin has none of this and is therefore the safest investment on the planet.

Learn how to use Bitcoin

Everyone should own some bitcoins. But this is not without danger. If you are new to Bitcoin, then you should learn as much as possible before investing money. Owning bitcoins is a big responsibility. Learn how to use Bitcoin safely.

The best books on cryptocurrency

Sovereign Person ~ James Dale Davidson and William Rice Morgue

Sovereign Personality is one of those books that will change the way you look at the world forever. It was published in 1997, but the degree to which it predicts the impact of blockchain technology will give you a shiver. We are entering the fourth stage of human society, moving from the industrial to the information age. You need to read this book to understand the scale and scale of how things will change.

As it becomes easier to live comfortably and make a profit anywhere, we already know that those who are truly thriving in the new information age will be workers who are not tied to one job or career and are independent of location. Attracting a choice of where to live on cost savings is already more attractive, but it goes beyond digital roaming and freelance concerts; the foundations of democracy, power and money are shifting.

The authors predicted Black Tuesday and the collapse of the Soviet Union, and here they predicted that the rise in power of individuals would coincide with decentralized technology that takes away government power. The death toll in nation-states, as they predicted with extreme foresight, will be private digital cash. If this happens, the dynamics of governments as stationary thugs who rob hard-working taxable citizens will change. If you become someone who can solve problems for people anywhere in the world, then you are about to enter a new cognitive elite. Don’t miss this one.

Quote of choice: “If technology is mobile and transactions take place in cyberspace, as will increasingly be the case, governments will no longer be able to charge for their services more than they cost from the people who pay for them.”

Sapiens: A Brief History of Mankind ~ Yuval Noah Harari

Whenever I want to impress someone on how good this book is, I ask, “Do you want to know the fundamental difference between humans and monkeys? A monkey can jump up and down a rock, wave a stick and shout to his friends that he saw a threat, coming on their way. ”Danger! Danger! A lion! “A monkey can also lie. She can jump up and down a rock, wave a stick and shout about a lion when in fact there is no lion. He’s just fooling around. But a monkey can’t jump down and down, waving a stick and shouting,” Danger! Danger “Dragon!”

Why is that? Because dragons are not real. As Harari explains, it is the human imagination, our ability to believe and talk about things we have never seen or touched, that has pushed the species to collaborate in large numbers with strangers. There are no gods, no nations, no money, no human rights, no laws, no religion, no justice in the universe beyond people’s common imagination. This is what we make them like.

All of this is a pretty wonderful preamble to where we are today. After the cognitive and agricultural revolution Harari takes you to the Scientific Revolution, which began just 500 years ago and which can start something completely different for humanity. The money, however, will remain. Read this book to understand that money is the greatest story ever told, and that trust is the raw material from which all kinds of money are made.

Quote of choice: “Sapiens, by contrast, lives in a three-layered reality. In addition to trees, rivers, fears and desires, the world of the intelligent also contains stories about money, gods, nations and corporations.”

Online Money ~ Andreas M. Antonapoulos

While the two books mentioned above help us understand the historical context in which bitcoin first appeared, this book enthusiastically tells the story of “why”. Andreas Antonapoulos is perhaps the most respected voice in the crypto space. He has been traveling the world as a bitcoin evangelist since 2010, and this book is a summary of conversations he had on the chain between 2013 and 2016, all prepared for publication.

His first book, Mastering Bitcoin, is a technically deep immersion in technology aimed more specifically at software developers, engineers and architects. But this book uses some metaphors of choice to explain why you can’t ban bitcoin or disable it, how the scaling debate doesn’t really matter and why bitcoin needs the help of designers to secure mass acceptance.

“When you drive your brand new car in the city for the first time,” he writes, “you drive on horses on horses with infrastructure designed and used for horses. There are no light signals. There are no traffic rules. roads. And what happened? The cars got stuck because they had no balance and four feet. ” But rewinding a hundred years ahead, and machines that were once ridiculed, are the norm. If you want to swim into the philosophical, social and historical implications of Bitcoin, this is your starting point.

Quote of choice: “Bitcoin is not just money for the Internet. Yes, it is perfect money for the Internet. It is instant, secure, free. Yes, it is money for the Internet, but it is much more. Bitcoin is the Internet of money. Currency is “Only the first application. If you understand this, you can look beyond price, you can look beyond volatility, you can look beyond fashion. At its core, Bitcoin is a revolutionary technology that will change the world forever. Join.”

What is a cryptocurrency? Here’s what you need to know

Cryptocurrency is a type of digital currency that can be used to purchase goods and services. For secured transactions cryptocurrencies depend on an extremely complex online book. Millions of people around the world are investing in these unregulated currencies to make a profit. Of all these popular cryptocurrencies, bitcoin ranks first on the list. In this article, we will delve into cryptocurrency. Read on to find out more.

1. What is a cryptocurrency?

Basically, you can pay through cryptocurrency to purchase goods or services online. Today, several companies have released their own cryptocurrency. Known as tokens, they can be traded for goods and services. You can treat them as casino chips or arcade tokens. You can use your real currency to purchase cryptocurrency to make these transactions.

Cryptocurrencies use a modern system known as a blockchain to verify transactions. This decentralized technology is controlled by a large number of computers that are programmed to manage and record transactions. Security is the best thing about this technology.

2. What is cryptocurrency?

Today, there are more than 10,000 types of cryptocurrency. And they are traded worldwide, according to CoinMarketCap. Today, the value of all cryptocurrencies is more than $ 1.3 trillion.

At the top of the list is Bitcoin. The value of all bitcoins is $ 599.6 billion.

3. Why are they so popular?

Cryptocurrencies are very attractive for a number of reasons. Here are some of the most common:

Some people think that cryptocurrency is the currency of the future. Therefore, many of them invest their hard-earned money in the hope that the cryptocurrency will rise in value in a few years.

Some people think that this currency will be free from central bank regulations because these institutions reduce the value of money through inflation

Some fans prefer a technology that manages cryptocurrencies, namely blockchain. In essence, it is a decentralized recording and processing system that can offer a higher level of security than conventional payment systems.

Some speculators go for cryptocurrency just because it is rising in value.

4. Is it a good investment?

According to most experts, the value of cryptocurrency will continue to rise over time. However, some experts believe that this is just speculation. Just like real currency, this type of currency has no cash flow. So if you want to make a profit, someone has to pay more money to buy the currency.

Unlike a well-run business, the value of which grows over time, cryptocurrency has no assets. But if the cryptocurrency remains stable over a long period of time, it will definitely help you earn big profits.

In short, it was a major introduction to cryptocurrency. Hopefully this article will help you familiarize yourself with this new type of currency.

Feel insured

Often, opinions about the future social consequences of decentralized technology represent freshly differentiated images of somehow the highest methodologies that can be radically different from today’s. However, a decentralized record of centrally controlled operations can be a marked degradation of both technology capacity and development prospects. Without equivalent previous structural changes, the introduction of decentralized technologies into established industries that want to reinforce rather than improve the supply of services should be of great concern.

A well-known fact-based business school anecdote often repeats the case with one of the first life insurance requirements. Shortly after this type of policy became available, the owner of the life insurance policy did die during the action of his high-paying protection. When the family of the deceased tried to claim, the insurer wrote a new definition of how their company calculated “one year” to [successfully] avoid settlement.

Talking about laudable industrial ingenuity or defenseless profits will likely depend on whether it was conveyed in a lecture on strategy or ethics. However, with this in mind, we now turn to the introduction of blockchain technology in the insurance industry:

“Orlando, Florida – Blockchain technology has a future in employee compensation operations because the technology has the potential to improve communication and efficiency across the industry,” said the host of the annual National Compensation Insurance Council symposium. on Friday. Blockchain is a decentralized peer-to-peer network that gives insurers and stakeholders a way to “generate, store, manage and share data as secure transaction records,” said Paul Meissen, head of distributed book technology and director of financial reinsurance at Swiss Re and CEO of B3i. .

The “blockchain” consists of a distributed registry, a consensus that provides a “single version” of information, cryptography for secure and genuine transactions and smart contracts that are automatically executed under predetermined conditions, Mr Meissen said. In a traditional insurance system, there is an inefficient flow of information from the insurer to the insurer to the reinsurer in the capital market, he said. Mr Meeusen explained how technology works to improve efficiency rather than to collect and study data in individual systems.

“We work together, but we keep control of our data,” he said.

For compensation, employees blockchain can give stakeholders the opportunity to share personal and medical information, providing a secure place to store and access data. The technology will also test the coverage of computers across the blockchain platform, he said. Blockchain also allows for real-time messaging and confidential information sharing across the industry, he added. “There’s definitely an efficiency component here,” Mr Meisen said.

Blockchain can indeed offer a transparent, decentralized and unchanging record of digital data. Possible extensions that use automatically executed or intricately initiated “smart contract” events are also numerous. This is without a doubt. Although quality content may be something often either ignored or simply incorporated into the excitement of technology.

Repeating existing methodologies with new means may mean abandoning the possibility of improvement. In other words, regardless of whether the insurance policy is kept centrally by the issuing company or registered using decentralized technology, it says nothing about its practical implementation. The same issuing company has formulated and complies with the conditions.

The warnings, regulations, loopholes and conditions of many insurance policies that prohibit payments to owners are too many to list here in detail. Suffice it to say that for many they are a known part of the insurance process. Now the constant digitization of the terms of the insurance company with difficulties that may not be fully understood by individual owners of such policies, gives the issuing company only advantages.

As an operative exchange, explanation or justification of the misunderstanding here is permanently blocked the owner’s agreement with digital constancy and time stamp with such a document. While the transparency of the documents themselves can be established, the understanding and respect for the policy remains largely one-sided. The use of immutable records is beneficial only if sufficient knowledge of the value or implications of those records is available. Twisted and one-sided policies remain just that, whether blockchain or out of it.

The very presence and survival of extremely lucrative insurance giants should hint at the structure of the business. Ultimately, as in a casino, the company’s calculations and performance exceed our understanding of probability.

Like a round at the blackjack table, a player’s chances of making a profit or enjoying the risk of participating outweigh what is essentially a guaranteed loss when measured in a sufficient time scale. The house always wins. That’s why it exists [well decorated and ornately furnished] the house itself. In addition to investment strategies, as well as many financial activities, in essence, insurance coverage exists, because the house is betting that we, the insurers, are wrong.

It is impossible to pay more for any business than you get. Thus, the range of insurance choices has been and remains affordable, as purchasing them over a sufficiently long time brings the issuing company more than it costs for them when paying.

This is not in order to marginalize the many potential benefits, protections and security provided by insurance offers. As with car accidents, for example, in cost-benefit analysis respect for experienced centralized hippos to address them can be just reasonable and worth the cost, especially given the possible needs of the time alternative. It’s just to argue that in all insurance offers, home [an insurance company] exists because it remains profitable.

If blockchain technology is seen as a panacea for the development and future of the industry, perhaps we should all step back first and ask ourselves if we really understand the policies themselves before getting too carried away with their unchanging record.

A Beginner’s Guide: An Introduction to Cryptocurrencies

Introduction: invest in cryptocurrencies

The first cryptocurrency to emerge was bitcoin, which was built on Blockchain technology and was probably launched in 2009 by the mysterious man Satoshi Nakamoto. At the time of writing, 17 million bitcoins have been mined, and it is estimated that 21 million bitcoins can be mined. The other most popular cryptocurrencies are Ethereum, Litecoin, Ripple, Golem, Civic and Bitcoin hardforks such as Bitcoin Cash and Bitcoin Gold.

Users are advised not to put all their money in one cryptocurrency and try to avoid investing at the peak of the cryptocurrency bubble. It was observed that the price suddenly fell down when it was at the peak of the crypto-bubble. Because cryptocurrency is an unstable market, users must invest an amount they can afford to lose because no government controls cryptocurrency because it is a decentralized cryptocurrency.

Steve Wozniak, co-founder of Apple, predicted that bitcoin is real gold, and in the future it will dominate all currencies such as USD, EUR, INR and ASD, and in the coming years will become a world currency.

Why and why not invest in cryptocurrencies?

Bitcoin was the first cryptocurrency to appear, and after that about 1,600+ cryptocurrencies were launched with some unique feature for each coin.

Some of the reasons I felt and wanted to share were that cryptocurrencies were created on a decentralized platform – so users don’t need to transfer cryptocurrency from a third party from one destination to another, unlike fiat currency, where a user needs a platform like Bank for transfer money from one account to another. A cryptocurrency built on highly secure blockchain technology, and an almost zero chance of hacking and stealing your cryptocurrencies until you share your important information.

You should always avoid buying cryptocurrency at the highest point of the cryptocurrency bubble. Many of us buy cryptocurrencies at the peak in hopes of making money fast and falling victim to the hype bubble and losing our money. Users are better off doing a lot of research before investing money. It is always good to put your money in several cryptocurrencies rather than one, as it has been observed that few cryptocurrencies grow larger, some on average when other cryptocurrencies fall into the red zone.

Cryptocurrencies to focus on

In 2014, 90% of the market is for bitcoin, and the remaining 10% – for other cryptocurrencies. In 2017, bitcoin still dominates the crypto market, but its share has fallen sharply from 90% to 38%, and altcoins such as Litecoin, Ethereum, Ripple have grown rapidly and captured most of the market.

Bitcoin still dominates the cryptocurrency market, but not the only cryptocurrency you need to consider when investing in a cryptocurrency. Some of the major cryptocurrencies you should consider:









Where and how to buy cryptocurrencies?

If a few years ago buying cryptocurrencies was not easy, now users have many available platforms.

In 2015, India has two main bitcoin platforms – the Unocoin wallet and the Zebpay wallet, where users can only buy and sell bitcoins. Users should buy bitcoin only from the wallet, but not from another person. There was a price difference in the buying and selling rate, and users had to pay some nominal fee to complete their transactions.

In 2017, the cryptocurrency industry grew significantly and the value of bitcoin grew spontaneously, especially in the last six months of 2017, forcing users to look for alternatives to bitcoin and surpassing 14 lakhs in the Indian market.

Because Unodax and Zebpay are the two main platforms in India that dominated the market with 90% market share – dealing only with bitcoins. This allows other organizations to grow with other altcoins and has even forced Unocoin and others to add more currencies to their platform.

Unocoin, one of India’s leading cryptocurrencies and blockchain companies, has launched an exclusive UnoDAX Exchange platform for its users to trade multiple cryptocurrencies besides bitcoin trading at Unocoin. The difference between the two platforms was that Unocion provided instant bitcoin buying and selling only while on UnoDAX users could place an order of any available cryptocurrency, and if it matched the recipient, the warrant would be executed.

Other major exchanges available for cryptocurrency trading in India are Koinex, Coinsecure, Bitbns, WazirX.

Users must open an account on any exchange by registering with an email ID and providing KYC details. Once their account is confirmed, you can start trading coins of your choice.

Users should research well before investing in any coins, and not fall into the cryptocurrency bubble trap. Users need to explore stock market trust, transparency, security features and more.

All exchanges charge a certain nominal commission for each transaction. There are two types of fees – maker commission and tucker commission. If you want to transfer your cryptocurrencies to another exchange or to your personal wallet, in addition to the transaction fee, you need to pay a commission. The fee depends solely on coins and exchanges, as different exchanges have a price difference module for transferring coins.

Major altcoins other than Bitcoin

As mentioned above, Bitcoin dominates the market with a market share of 38%, followed by Ripple, Ethereum, Litecoin, Bitcoin Cash. Exchanges such as UnoDAX, Bitfinex, Kraken, Bitstamp, have listed many other coins such as Golem, Civic, Raiden Network, Kyber Network, Basic Attention, 0X, Augur, Monero, Tron and many others. If any of the coins match your portfolio, you should buy it.

But you have to put money in a market that you can afford to lose, because the cryptocurrency market is very volatile and no government controls it.

When to buy?

There are no hard and fast rules when buying a favorite cryptocurrency. But market stability needs to be explored. You don’t have to just be at the peak of a cryptocurrency bubble or if the price is constantly falling. It is always considered the best time if the price has been stable at a relatively low level for some time.

Method of storing cryptocurrencies

Before buying any cryptocurrency you need to understand how to keep your cryptocurrency safe.

Typically, all exchanges provide storage where you can safely store your coins. If you keep cryptocurrencies on exchanges, you cannot transfer their user data, password, 2FA.

Paper wallet, hardware wallet, software wallet – these are some of the channels where you can store your cryptocurrency.

Paper Wallet: Paper wallet is a standalone cold storage method for storing your cryptocurrency. It prints your private and public key on a sheet of paper where the QR code is also printed. You just need to scan the QR code for future transactions. Why is it safe? No need to worry about hacking your account or attacking malware. You just need to keep the paper in a locker and, if possible, keep two or three pieces of paper under your complete control.

Hardware Wallet: A hardware wallet is a physical device on which you keep your cryptocurrency safe. There are many forms of hardware wallet, but the most commonly used hardware wallet is USB. If you keep your cryptocurrency in your hardware wallet, you just need to remember that you should not lose your hardware wallet, because after losing it you will not be able to get your cryptocurrency.

One known incident is when a person has extracted 7000+ bitcoins and keeps it in their hardware wallet and keeps it in another hardware wallet. One day he threw away a hardware wallet in which he kept his cryptocurrency, instead of damaged hardware, and he lost all his bitcoin.

What can you buy in cryptocurrency in India?

Most people believe that buying and selling any cryptocurrency is just for investing and making high profits in the long and short term. Influencers and bitcoin investors believe that in the coming years bitcoin will dominate all fiat currencies and will be adopted as an international currency.

Dell is one of the largest e-commerce businesses that accept bitcoin as payment. Expedia and UNICEF are other examples.

In India Sapna Book Mall accepted bitcoin as payment through Unocoin trading service. People booked movie tickets through BookMyShow or topped up their cell phones with the Unocoin platform. They have reportedly stopped service but plan to start again soon.


Cryptocurrency is a growing investment sector and it has yielded more profits than in the past real estate, gold, stock markets, etc. You can buy cryptocurrency and keep it for the long term to make a good profit, or go for the short term to make a quick profit, as in the past we have seen many coins grow by 1000% +. Because cryptocurrency is an unstable market and is not controlled by the government. You need to invest that amount in any cryptocurrency they can afford to lose.

You can store your cryptocurrency in a hardware wallet, paper wallet, software wallet if you do not want to keep on the exchange with which you trade.

An online voting system for political elections based on blockchain technology

We hear about Blockchain and Bitcoin every day; however, it should be noted that Blockchain is far beyond Bitcoin and cryptocurrencies. It is a platform used to conduct economic transactions in the most incorruptible way. In fact, this technology can be used not only for economic operations, but also for something valuable in virtual form. Blockchain is used in the pharmaceutical industry, the fashion and accessories industry, the food safety industry, the airline industry and many more.

In a world where technology has reached a point where scientists are inventing flying machines, why is one of the main systems that make up a country’s government still unprotected and falsified? With the development of technology, everything has become much more transparent and convenient, so why is this technology not used for easy and fair elections? In most countries, voting is the right of every adult. Why then all the adult population of the country does not go to the polls on election day? Maybe because the voting center is too far away. People have to go and stand in huge queues just to cast one vote. Some even believe that their vote is not counted because of unfair election results.

The solution to this huge problem has finally come. A platform that allows you to combine the perfect combination of technology and policy into one. This leads to the invention of blockchain voting. If this technology can be used for many other purposes, why not use it for the most important function, which is voting? Blockchain voting is An online voting platform which allows you to use a safe, hassle-free, reliable and fast method with the sole purpose of voting in elections. Blockchain voting can completely change the way we vote for the best. This will not leave in the minds of voters the environment of doubts and questions.

In today’s age of technology, there are some things that work best only in the old ways. However, voting is not one of them. Voting is a process in which citizens choose their leaders. This process must be very safe, fair and absolutely accurate; all that is the characteristics of a blockchain. Blockchain voting is immutable, transparent and cannot be hacked to change results. Blockchain voting is an effective means of holding elections. This ensures that there will be no voter fraud and there will be no repeat voting, which will lead to fair elections. Blockchain voting is a need of today’s democratic and adult population who believe they can make a difference in this world.

Stakeholders participating in blockchain voting will be the same as stakeholders in the usual voting method. This revolutionary change may encourage many people to vote. Anyone who has an internet connection and is an adult, which means they are eligible to vote, is eligible to be part of this blockchain voting process. Using this technology from a voter’s perspective is very simple.

Anyone who has a phone and Internet access will easily be able to understand the specifications of the platform. Citizens who vote do not need to wait in long queues and do not need to travel much to go and vote. This fast and hassle-free voting method will attract more and more people to the voting process and become part of a more democratic world. This is definitely a cheaper and easier way to hold elections. Once the governments of different countries understand the importance of introducing this technology into their political environment, the best for the countries will be easy and fair elections.

An Introduction to Blockchain Technology for Beginners

Nowadays, technology is reaching new heights of success at an incredibly fast pace. One of the latest triumphs in this direction is the evolution of Blockchain technology. New technology has greatly affected the financial sector. In fact, it was originally developed for Bitcoin – a digital currency. But now it finds its application in a number of other things.

Getting so far was probably easy. But you still need to know what Blockchain is?

Distributed database

Imagine a spreadsheet that is copied countless times over a computer network. And now imagine that a computer network is designed so intelligently that it regularly updates the table itself. This is an extensive review of Blockchain. Blockchain stores information as a shared database. What’s more, this database is constantly being reconciled.

This approach has its advantages. This does not allow you to store the database anywhere. The entries in it have a real public character and can be very easily verified. Because there is no centralized version of the records, unauthorized users have no means to manipulate and corrupt data. Blockchain’s distributed database is hosted on millions of computers simultaneously, making data easily accessible to virtually anyone on a virtual network.

To make the concept or technology clearer, an analogy with Google Docs should be discussed.

The analogy of Google Docs for Blockchain

After e-mail appears, the usual way to share documents is to send the Microsoft Word document as an attachment to the recipient or recipients. Recipients will take their time to review it before submitting a revised copy. With this approach, you need to wait until you get a back copy to see the changes made to the document. This is because the sender is blocked from making corrections until the recipient finishes editing and sends the document back. Modern databases do not allow two owners to access the same record at the same time. In this way, banks maintain the balances of their customers or account holders.

Contrary to established practice, Google Docs allows both parties to access the same document at the same time. In addition, it also allows you to view a single version of the document for both at the same time. Just like a shared book, Google Docs also acts as a shared document. The distributed part becomes relevant only when several users are involved in sharing. Blockchain technology, in a sense, is an extension of this concept. However, it is important to note that Blockchain is not intended for document exchange. Rather, it is simply an analogy that will help to have a clear idea of ​​this advanced technology.

Characteristic features of the blockchain

Blockchain stores blocks of information on the network that are identical. Due to this feature:

  • Data or information cannot be controlled by any individual.
  • There also may not be a single point of failure.
  • The data is stored in a public network, which provides absolute transparency in the overall procedure.
  • The data stored in it cannot be corrupted.

Demand for Blockchain developers

As mentioned earlier, Blockchain technology has a very wide application in the world of finance and banking. According to the World Bank, in 2015 alone more than $ 430 billion in remittances were sent through it. As such, Blockchain developers have significant market demand.

Blockchain excludes the payment of intermediaries in such monetary transactions. It was the invention of the GUI (Graphical User Interface) that made it easier for the average person to access a computer in the form of desktops. Likewise the wallet app is the most common GUI for Blockchain technology. Users use a wallet to buy the things they want, using bitcoins or any other cryptocurrency.