Bitcoin Abuse Database: 1Q1DF9rJS6fNDSpiV2iEA46BS1mNEaELtC

Worldcoin: Think Outside The Banks

Worldcoin is a digital currency secured by cryptography. As a descendant of Bitcoin it shares many similarities but is more advanced and friendly to Brick and Mortar Businesses which require the fastest speed possible."
[link]

Top 25 Questions and answer About Cryptocurrency

Top 25 Questions and answer About Cryptocurrency
https://preview.redd.it/dju4oz1g16c51.jpg?width=2400&format=pjpg&auto=webp&s=fe57edcd81ffa31bff95fe3026055020f7720dce
Cryptocurrencies have now become a buzz word. Despite the resilience that it faced initially, cryptocurrencies have come a long way. There are a total of around 5000 cryptocurrencies circulating in the market. If you plan to make a career in this domain, you need to run through the following questions.
1. What is a cryptocurrency?
Cryptocurrency is a digital currency that is transacted on a distributed ledger platform or decentralized platform or Blockchain. Any third party does not govern it, and the transaction takes place between peer-to-peer.
2. When was the first Cryptocurrency introduced?
The first Cryptocurrency or Bitcoin was introduced in the year 2009.
3. Who created Cryptocurrency?
Satoshi Nakamoto gave the first Cryptocurrency. The white paper for the same was given in 2008 and a computer program in 2009.
4. What are the top three cryptocurrencies?
The following are the three cryptocurrencies:
• Bitcoin (BTC) $128bn.
• Ethereum (ETH) $19.4bn.
• XRP (XRP) $8.22bn.
5. Where can you store Cryptocurrency?
Cryptocurrencies are stored in a digital wallet, and this is accessible via public and private keys. A public key is the address of your wallet, and the private key is the one that helps you in executing the transaction.
6. Which is the safest wallet for Cryptocurrency?
The most secured wallet for Cryptocurrency is a hardware wallet. It is not connected to the internet, and thus it is free from a hacking attack. It is also known as a cold wallet.
7. From where I can purchase cryptocurrencies?
The easiest way to buy Cryptocurrency is via crypto exchange. You can several crypto exchanges like Coinbase, Bitbuy, CHANGENow, Kraken etc.
8. What are the ten popular crypto exchanges?
The following are the best ten popular crypto exchange:
  1. Coinbase
  2. Binance
  3. FTX
  4. Cex.io
  5. Local Bitcoins
  6. Bitfinex
  7. LocalBitcoins
  8. Bittrex
  9. Coinmama
  10. Kraken
9. What are the key features of Blockchain?
We all know that Bitcoin or any other cryptocurrency runs on the Blockchain platform, which gives it some additional features like decentralization, transparency, faster speed, immutability and anonymity.
10. What is AltCoin?
It means Alternative Coin. All the cryptocurrencies other than Bitcoin are alternative coins. Similar to Bitcoin, AltCoins are not regulated by any bank. The market governs them.
11. Are cryptocurrency sites regulated?
Most cryptocurrency websites are not regulated.
12. How are Cryptocurrency and Blockchain related?
Blockchain platform aids cryptocurrency transactions, which makes use of authentication and encryption techniques. Cryptography enables technology for Cryptocurrency, thus ensuring secure transactions.
13. What is a nonce?
The mining process works on the pattern of validating transactions by solving a mathematical puzzle called proof-of-work. The latter determine a number or nonce along with a cryptographic hash algorithm to produce a hash value lower than a predefined target. The nonce is a random value used to vary the value of hash so that the final hash value meets the hash conditions.
14. How is Cryptocurrency different from other forms of payment?
Cryptocurrency runs on Blockchain technology, which gives it an advantage of immutability, cryptography, and decentralization. All the payments are recorded on the DLT, which is accessible from any part of the world. Moreover, it keeps the identity of the user anonymous.
15. Which is the best Cryptocurrency?
Several cryptocurrencies have surged into the market, and you can choose any of these. The best way to choose the right cryptocurrencies is to look at its market value and assess its performance. Some of the prominent choices are Bitcoin, Ethereum, Litecoin, XRP etc.
16. What is the worst thing that can happen while using Cryptocurrency?
One of the worst things could be you losing your private keys. These are the passwords that secure your wallet, and once they are lost, you cannot recover them.
17. What is the private key and public key?
Keys secure your cryptocurrency wallet; these are public key and private key. The public key is known to all, like your bank account number, on the hand, the private key is the password which protects your wallet and is only known to you.
18. How much should one invest in Cryptocurrency?
Well, investing in Cryptocurrency is a matter of choice. You can study how the market is performing, and based on the best performing cryptocurrency, you can choose to invest. If you are new to this, then it’s advisable that you must start small.
19. From where can one buy Bitcoin using Fiat currency?
Two of the popular choices that you have are Coinbase and Binance, where you can purchase Cryptocurrency using fiat currency.
20. Are the coins safe on exchanges?
All the exchanges have a high level of security. Besides, these are regularly updated to meet the security requirements, but it’s not advisable to leave your coins on them since they are prone to attack. Instead, you can choose a hard wallet to store your cryptocurrencies, which are considered the safest.
21. What determines the price of cryptocurrencies?
The price of cryptocurrencies is determined by the demand and supply in the market. Besides, how the market is performing also determines the price of cryptocurrencies.
22. What are some of the prominent cryptocurrencies terminologies?
There are jargons which are continuously used by people using cryptocurrencies are:
DYOR: Do Your Own Research
Dapps: Decentralized Applications
Spike: Shapr increase in the price of the Cryptocurrency
Pump: Manipulated increase in the price of a cryptocurrency
Dump: Shapr decline in the price of Cryptocurrency
23. How can I check the value of cryptocurrencies?
Various platforms will give you an update on the price of cryptocurrencies. You can keep a tab on them and check the pricing of cryptocurrencies.
24. What are the advantages of using digital currencies?
There are various advantages like you are saved from double-spending, the transactions are aster and secure. Moreover, digital currencies now have global acceptance.
25. What is the difference between cryptocurrencies and fiat currencies?
Cryptocurrencies are digital currencies which run on the Blockchain platform and are not governed by any government agencies, while the fiat currencies are the ones which are governed by authorities and government.
Conclusion- This was all the FAQs pertaining to cryptocurrency, for more such information keep coming back to Blockchain Council.
submitted by Blockchain_org to BlockchainStartups [link] [comments]

(CEX vs DEX) vs HEX

A hybrid crypto exchange is a platform that provides users with access to their private keys and aims to solve the scalability issues of decentralized exchanges.
*Disclaimer: I don’t insist that one have to store 100% of the portfolio on any kind of exchange.

Why is it called Hybrid exchange?
Hybrid crypto exchanges combine the pros of Centralized crypto exchanges and Decentralized crypto exchanges. The hybrid concept allows for certain cons to be remedied by implementing the advantages of the opposite.

What are Centralized and Decentralized exchanges?
Centralized(CEX) crypto exchanges provide massive volatility with the help of market-making activities.
Occasional fiat gateways for its users, so everyone could quickly cash out gainings.
Besides, substantial centralized crypto exchanges have a higher trust score within the community.

Decentralized(DEX) crypto exchanges provide a solution to the security issues by letting users be in control of their private keys. This feature is a part of the real decentralization of trust philosophy, which is essential for the whole crypto economy.

DEX vs CEX





On the one hand, DEX’s provide higher security and privacy for its users, but those aren't the only things we are looking for. On the other hand, CEX’s, as I told earlier, have a higher trust score, so what does this mean exactly?


But is their royalty deserved?
“I definitely hope centralized exchanges go burn in hell as much as possible,” Vitalik Buterin stated in 2018. In particular, he thinks there’s no reason some projects need to pay $10 to $15 million(as per 2018) in listing fees to let people trade their tokens on centralized exchanges.
This feels like a blood diamonds issue in the diamond industry. Most of those platforms were built on lies, some of them are currently building themselves out on falsehoods.

CEXs have to be regulatory compliant, it’s impossible to be obedient without registering a company, submitting documents for proof of identity, etc. Most of the legal registries are opened to the public. Hence the founders are publicly known individuals. Besides, there is no need to hide while you are compliant and not involved in illegal activities.



If you are new to this industry, or do not want to understand the intricacies of blockchains and came here to trade Bitcoin, I advise you to use a CEX.
But If you came here for the tech, you will enjoy reading this more.

What is the hybrid crypto exchange approach?
Not so long ago, I decided to dive into the topic of hybrid exchanges as a potential game-changer in the cryptocurrency industry.
The hybrid exchange philosophy builds on the strengths of decentralized and centralized exchanges. During my research, I came across a curious example - NEXT.exchange
To further simplify the process of understanding the principles of hybrid exchanges, I propose to consider this topic by case. It’s worth noting that there is much to contemplate in regards to hybrid exchange platforms, their solutions and approaches may vary. There are also not many out there.

DEX pros within NEXT:

Essentially NEXT.chain will be used by the exchange as an open database that stores information about all transactions and tokenized assets (assets created on NEXT.chain are dubbed 00X standard) within the exchange.
To maintain the blockchain, investors will deploy 100 master nodes during the first year (79 out of 100 are already functioning).





CEX pros within NEXT:



It’s important to note that NEXT is just at its start, and will be releasing a huge update dubbed 2.0 (after a testing period with its community), so if hybrid cryptocurrency exchanges are interesting to you - then this is definitely one to keep an eye out for.

Summing up
Recently, the industry of centralized crypto-exchanges is literally filled with scammers.
Teams of second-rate centralized exchanges "draw" trading volumes and even IEO results. Unfortunately, many blindly believe them. This is going to be a massive problem in the future, more important than you can imagine. Those scam exchanges will become more prominent and will swindle more people, this will lead to a severe outflow of defrauded people from the industry, which can not afford it.
Hybrid cryptocurrency exchanges are a new trend that I think can improve the whole industry.
Not all hybrid exchanges have their own blockchain, NEXT was considered as the project most suitable for the description of a hybrid cryptocurrency exchange.
Don't FOMO and don't hesitate to do your own researches before depositing funds on the exchange wallets or participating in an IEO.
submitted by SUN_STRIKE to CryptoMoonShots [link] [comments]

3commas crypto trading bot review 2020-The best crypto trading bot

3commas crypto trading bot review 2020-The best crypto trading bot
3commas crypto trading bot review 2020 is detailed and comprehensive review of 3commas trading bot, covering all its features and important topics

3commas crypto trading bot review 2020
LETS BEGIN
3Commas crypto trading bot provides access to a variety of trading tools to crypto trader to improve their crypto trading strategy. When used properly, these tools can maximize crypto trader profits and reduce your risk of loss.
3Commas crypto trading bot is best known for its trading bots. In this 3Commas review, we examine the features that make this platform so powerful.

Crypto trading bot

Crypto trading bot have received a lot of attention lately due to advances in their algorithm and growing success rate.
Nobody can watch the market around the clock, and the volatility of the crypto space makes it possible to take losses or miss opportunities in seconds.
Fortunately, a well-programmed crypto trading bot can take over the control while you sleep, eat, or do other activities
As a 3Commas user, you can copy the trading of other bots on 3 commas, automating trade orders, and track top portfolios.
With these handy protocols, you can pre-program your trading strategy based on loss and profit percentages, price points or a variety of other market conditions.
The 3Commas crypto trading bot has over 33,000 registered users with a daily trading volume of around $ 10 million.

3Commas pricing

The below image shows the 3Commas pricing in detail

3commas pricing

3Commas crypto trading bot feature

  • Automated trading around the clock: The main feature of 3Commas crypto trading bot is that you can automatically trade 24 hours a day, 7 days a week.
  • 23 supported exchanges: 3Commas supports 23 major cryptocurrency exchanges, including Binance, Bittrex, Coinbase Pro, BitMEX, Bitfinex, Poloniex, Bitstamp, Bybit, Cex, Kraken, KuCoin, OKex, Huobi, Exmo, Gate.io, HitBTC and YoBit (also) Binance DEX, Binance Jersey, Binance US).
  • Simultaneous Profit Taking and Stop Loss: Adjust trades with profit or stop loss commands to secure profits or minimize losses.
  • Trailing Take Profit and Stop Loss: Customize Stop Loss and commands with Trailing Take Profit and Stop Loss so that the limits automatically increase when a coin rises in price.
  • Sell ​​by multiple targets: You can Sell your coins by multiple targets.
  • TradingView signals and charts: With 3Commas you can display simultaneous exchange rate charts and TradingView signals in a single window.
  • Paper trading: 3Commas has a paper trading feature that allows you to fully test the platform's trading features before actual purchasing.
  • Simple and compound bots: 3Commas offers simple bots with which you can execute a trade pair and compound bots with which you can execute several trade pairs
  • Long algorithms and Short algorithms: 3Commas trading bot can use long or short algorithms. Using long algorithms, the bot buys a coin with the settings you have created and then lists orders for sale at a higher price. With 3Commas you can implement short algorithms. The bot sells a coin after you create settings and then places a purchase order at a lower price
  • Analyze and copy bots: 3Commas crypto trading bot can analyze performance and then view and copy other bot settings via 3Commas
  • Create and customize portfolios: With 3Commas you can create portfolios with any number of coins.

How to use 3commas crypto trading bot

Get started with 3Commas
Creating an account is a straightforward process. On the main page, at the top of the page, is the green "Create Account" tab.

  • Create an account
Visit the 3Commas trading bot website and enter an email address and password to register.
After confirming your account by clicking the link in the email you sent, you will have access to the dashboard.

https://preview.redd.it/wbnl0whxcfi41.png?width=800&format=png&auto=webp&s=37d2a6867ecdcc46351e5acf7db4747182d422c7
Sign up here

  • Choose the bot type
There are four types of trading bots: short, simple, composite and composite short bots. A simple 3 commas trading bot can trade only in one pair, while composite bot can trade on multiple pairs

  • Connect an Cryptocurrency Exchange:
Use your API key to connect your crypto exchange with 3commas
3commas crypto trading bot have different features for different crypto exchnage, see detail in image below

3commas bot review 2020

  • Choose a trading pair and set the base trading size
You can select the trading pair you want your crypto trading bot to trade from the drop-down menu, and then tell your crypto trading bot how much of your preferred currency you will use during your first trade

https://preview.redd.it/v14b6qdpdfi41.png?width=737&format=png&auto=webp&s=a53ae697a779597a4b2ab69412e39c3d8e5ef92a

  • Set target profit
Before you do this, you should set a safety size because you can do more controlled purchases after a dive. If a trading pair is selected by ETH / BTC and the price after the purchase of ETH falls below the original purchase price, you can use security transactions to buy more ETH with the BTC amount specified in the size of the security trade.

3commas crypto trading bot review
You can then set the target profit, which informs the crypto trading bot, in percentages, when to sell. If a target profit is set at 3%, the crypto trading bot will automatically execute a sell order as soon as this profit is realized

  • Select the type of profit taking
There are two take profit options that represent a percentage from base trading or a percentage from total volume

  • Set the maximum number of security transactions
This informs the 3commas crypto trading bota of how many security transactions it can perform before stopping, and the maximum number of active security transactions tells the merchant bot the number of active security transactions it can perform at any given time

https://preview.redd.it/0gye86zfffi41.png?width=739&format=png&auto=webp&s=37481a91f4006d2ca54e6bb5f47605452e50cd8e

  • Set the price variance to open security deals
This tells the 3commas crypto trading bot when to start executing security transactions and is set as a percentage. If set to 3, if the price of the selected currency falls 3% below the original trading price, the trading bot will start executing security transactions.

  • Set the trading start conditions
This informs the bot when the first trade should be completed and there is a choice between TradingView Signal Buy or Strong Buy, TradingView Signal Strong Buy, Manual or Open New Trade ASAP.

https://preview.redd.it/60xcqvusdfi41.png?width=730&format=png&auto=webp&s=97be8152c9129dc0260cca9d262986d0a502d3b5
If you follow these steps, a 3commas crypto trading bot can be configured in just a few minutes and the whole process is so simple that more beginners can successfully follow. The platform is still detailed enough to attract experienced traders as well.

How safe is 3Commas?

It should be noted that you actually do not have any money on the 3commas and your trading bots cannot withdraw from your linkedaccounts.
Like other trading bots, your 3commas crypto trading bot connect to your Exchange accounts via the API and then carryon automated trading on the exchanges you linked
These keys provide trading bots with limited access to user accounts to conduct trades only and do not grant bots any withdrawal rights.
This also means that if your account is compromised and nefarious actors could take control of your trading activities, they still cannot access your exchange accounts directly to make withdrawals.

Is 3Commas for beginners?

The platform is generally fairly easy to navigate even for new cryptocurrency trader, and the trading bots are easy to set up.
Various functions are easily accessible from your account. You can connect to an exchange at the push of a button and set up intelligent trades and bots.
The dashboard is also clear and users can quickly select their preferred tabs and functions from the side window.
In addition, features such as bot analysis, which lists the best performing bots and trading pairs as well as the market, are well executed and easy to understand. While the portfolio creation, tracking and social trading features are suitable for both new and experienced traders.

Conclusion

Most Crypto trading bot are difficult to use. However, 3Commas has created a trading bot that is easy to set up, customize, and easy to use.
It is also reliable compared to its lower quality competitors and is one of the best crypto trading bot
3Commas is considered the most reputable trading bot
The 3commas is completely transparent in terms of operation and location, and we know exactly who is running the company. We also appreciate 3Commas customer service, which is available 24/7 through several contact methods.
As mentioned above, there are inherent risks when trading cryptoassets. However, since many expect Bitcoin price to rise in the next few years due to halving under other driving factors it may make sense to start with a proven trading system like 3commas to see if You can earn more Bitcoin and see how the value increases in the future.
With features like portfolio creation and tracking, bot customization, best compatibility with cryptocurrency exchange and much more, 3Commas is one of the best trading bot platforms available today.
ViSIT 3commas Crypto Trading Bot
submitted by jakkkmotivator to thecryptobasic [link] [comments]

Hitbtc Support Number+1(𝟖𝟓𝟓)-𝟗𝟑𝟎-𝟎𝟖𝟔𝟏 Hitbtc Number Not receiving the bitcoin from some other exchange

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How can I contact HITBTC Support?













Security Notice: HITBTC Support will NEVER ask you to share your password or 2-factor authentication codes, or request that you install remote login software on your computer. If anyone claiming to be associated with HITBTCSupport requests this information, immediately contact us.

















You can contact us in several ways:















Email








​Hitbtc Support Number+1(𝟖𝟓𝟓)-𝟗𝟑𝟎-𝟎𝟖𝟔𝟏 Hitbtc Number Not receiving the bitcoin from some other exchange
Hitbtc Support Number+1(𝟖𝟓𝟓)-𝟗𝟑𝟎-𝟎𝟖𝟔𝟏 Hitbtc Number Not receiving the bitcoin from some other exchange










Submit a request here. For the fastest resolution, please:



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Submit your request using the email address you use to sign in to CEX.IO





















Choose the most relevant category and sub-category



















Provide as much detail as possible regarding your issue













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Phone agents are available 24/7 to assist if you believe your account has been accessed without your authorization. Phone agents are also available to assist with general inquiries about HITBTCand your HITBTCaccount.



















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If the process is taking too long to execute then you















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First you should go to the page of Yahoo as you know















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Tap on the icon of “Mail” that is at the upper right















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submitted by sst5 to u/sst5 [link] [comments]

𝐇𝐢𝐭𝐁𝐓𝐂 𝐒𝐮𝐩𝐩𝐨𝐫𝐭 +𝟏(𝟖𝟓𝟓)-𝟗𝟑𝟎 - 𝟎𝟖𝟔𝟏 Problems with selling Bitcoin

𝐇𝐢𝐭𝐁𝐓𝐂 𝐒𝐮𝐩𝐩𝐨𝐫𝐭 +𝟏(𝟖𝟓𝟓)-𝟗𝟑𝟎 - 𝟎𝟖𝟔𝟏 Problems with selling Bitcoin
𝐇𝐢𝐭𝐁𝐓𝐂 𝐒𝐮𝐩𝐩𝐨𝐫𝐭 +𝟏(𝟖𝟓𝟓)-𝟗𝟑𝟎 - 𝟎𝟖𝟔𝟏 Problems with selling Bitcoin
HITBTC has been launched for fulfilling the 1 855**930**0861 requirement of checking the mails through any device. It has made easy for the users to access the account from even a simple computer. With this mail account you can simply “Sign-In” in your account by putting the email address and the password. Once you “Sign In” you can check the activity of your mail account. You can compose, read the incoming mail and also download the large file attachments.





How can I contact HITBTC Support?













Security Notice: HITBTC Support will NEVER ask you to share your password or 2-factor authentication codes, or request that you install remote login software on your computer. If anyone claiming to be associated with HITBTCSupport requests this information, immediately contact us.

















You can contact us in several ways:















Email



















Submit a request here. For the fastest resolution, please:



1+/855+/930+/0861













Submit your request using the email address you use to sign in to CEX.IO





















Choose the most relevant category and sub-category



















Provide as much detail as possible regarding your issue













Twitter













We use Twitter to provide status updates regarding HITBTCproducts.



















For security and privacy reasons, we're unable to assist with account-specific issues via Twitter. Please submit an email request for inquiries specific to your account.





















Phone 1+/855+/930+/0861

​​














Phone agents are available 24/7 to assist if you believe your account has been accessed without your authorization. Phone agents are also available to assist with general inquiries about HITBTCand your HITBTCaccount.



















For security purposes, phone agents are unable to assist with account-specific inquiries such as order status, specific digital currency transactions, or your account history. If you require assistance with these types of issues, please submit an email request.

















​Note that HITBTCSupport will never make outbound calls to customers. If you are contacted by someone that claims to be HITBTCSupport, please report them by submitting an email report.

















Phone support is available 24 hours a day, 7 days a week, 365 days a year:

















+1+/855+/930+/0861 (US/Intl)












1+/855+/930+/0861 (UK)



















1+/855+/930+/0861 (Ireland)





















Majority of people has been registered with CEX.IO















email account because it is completely different from















other mail accounts with number of favorable















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as one of the leading webmail application that has















got the remarkable reputation among the users and















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​​












-}Being a part of and AT&T services it offers a easy















handling mailing option but there are also many















customer carenical glitches occurs with users that















you may face as well. For these issues you can















contact customer carenical support to get help and















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contact them according to your convenience.































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Enter the name and password and now “Manual setup”















should be selected































“POP3”should be selected now































Directly you would access the “Incoming server















settings”































The email address should be ended with u/CEX.IO.net































Do the change in the incoming server box so, that it















will display “ CEX.IO.com































Tap the option for “Next”































Go and now you should click on “Outgoing server















settings”































Go and do the selection of “Edit” for outgoing server















settings that will show “smtp.mail































“Next” should be selected now































You can access to the page where you would be assign















with “Display/Account names































Emails would come in few minutes so, you should wait































If the process is taking too long to execute then you















can contact HITBTCinternet support































Change the password of HITBTCmail account































First you should go to the page of Yahoo as you know















that HITBTCaccount has been merged with Yahoo





























Tap on the icon of “Mail” that is at the upper right















side of the screen































Do the “Log In” process with your HITBTCemail















address and password or you can select the button by















selecting the “Forget password”































When your “Sign In” process complete “Yahoo account















info” should be selected































Now “Manage password and security” should be selected































Now access to the AT&T online account management































Once entering the email address and password you















would get directed to the password reset page































Set your password and save the changes made by you































During this process if your internet connection















becomes slow then contact the HITBTCWiFi customer















service HITBTCcustomer service































The error that generally comes while handling the















account needs to remove any time stretch so, that















none of the bugs can affect the email account















further. The customer service has been designed and















introduced to give immediate relief to the users. If















you are one of the users who currently facing the















bugs then you can trust the customer service team of















CEX.IO. The support team is ready to be your
submitted by sst5 to u/sst5 [link] [comments]

Decentralized Exchange— True Crypto Ownership Realized

originally posted by ankarlie https://steemit.com/blockchain/@ankarlie/decentralized-exchange-true-crypto-ownership-realized
Introduction
For over a decade we have seen blockchain technology developed into one of the most important technologies in recent history. Many visionaries, thought leaders, business gurus, and government authorities have recognized its immense potential that they have often associated it as one of the primary technologies that will drive Web 3.0 or even the 4th industrial revolution. Blockchain technology is so powerful that it has the capacity to disrupt any sector in our society where trust is a primary concern, which is pretty much is everything. As such we might consider businesses engaged in blockchain technology are in the business of trust.
Business of Trust
Blockchain technology has often been described as a trust layer that enables an individual to exchange value without having to rely on any central authority or third party intermediary. Often times transactions that are done using this technology are called trustless transactions, meaning, transacting parties do not have to trust each other to ensure that transactions will be consummated. In other words, the technology itself will guarantee that all transactions will push through, irreversible and immutable.
Banks are good examples of business of trust. We entrust them with our money and valuables, but sometimes these very same banks restrict our access to our own money and valuables due to many reasons. These might be server maintenance, AML and KYC requirements, regulatory obligations or whatever reason they might deem applicable. This is the very reason why blockchain technology through its first application, Cryptocurrency, has gained enormous success. Cryptocurrencies enable everyone total and complete control of their money.
Scams and Fake Blockchain Initiatives
The awesome potential of the blockchain technology might have afforded us the necessary tools and infrastructure for more financial freedom, inclusivity, and mobility, but it is not immune to bad actors that try to exploit the advantages of this burgeoning industry. The excitement and demand for blockchain technology have opened the doors for scammers and con-artists who try to “sell” the technology to investors who are more than willing to invest huge amounts of money to get the piece of the action that has the potential to explode in value.
One good example of a project that has been masquerading as blockchain technology is the $4 Billion fake crypto scam called OneCoin. The leader of this project, Dr. Ruja Ignatova aka Cryptoqueen have positioned OneCoin as the Bitcoin killer which she claims will become the biggest cryptocurrency in the world. Coming from an Oxford University graduate with a doctorate degree from Konstanz University in Germany and worked at McKinsey and Company who would have known that the project would turn out to be a scam.
OneCoin exploited the idea of leveraging blockchain technology, the potential of hitting it big like bitcoin and played on the greed of investors who were fearful of missing out on a life-changing opportunity envisioned by Dr. Ruja. That was several years back, of course we all know now that there was never an underlying blockchain technology in the first place and what we have left are disgruntled investors some of which are financially ruined due to investing more than they can afford to lose. Sad to say this has been a common narrative in the crypto space.
Blockchain is Real and Here To Stay
The many scams and fake or failed blockchain projects in the space have not dampened the interest of investors into blockchain and its first use case, cryptocurrencies. Instead, it has been gaining traction as the industry begins to mature, gaining regulatory clarity and widespread acceptance as a valid and legitimate asset class and investment vehicle. They can serve as alternative investments that can be used to hedge against uncertainties in traditional finance and investments.
There are now over four thousand cryptocurrencies in the world and this number will continue to increase well into the future. In fact, cryptocurrency proponents see a future where there will be hundreds of blockchains and thousands of digital assets. An integral part of this growing ecosystem will be cryptocurrency exchanges which serve as venues for open markets where cryptocurrency holders, traders, and investors interact. Not only there is an increasing number of digital assets in the space but also the places where you can trade.
CEX vs DEX
There are two general types of cryptocurrency exchanges: Centralized Exchange (CEX) and Decentralized Exchanges (DEX). Their functions are essentially the same but the way users interact with these types of exchanges differs significantly. CEX typically require their customers to undergo Know-Your-Customer (KYC) procedures and ID verification processes, DEX does not. In addition, CEX requires its customers to their cryptocurrencies deposit into its internal wallets while DEX allows its users to keep their wallets in non-custodial wallets.
CEX is generally considered by the wider cryptocurrency community as the lesser secure venue for users due to the following reasons. First, CEX typically uses one single crypto wallet address per blockchain. This means users of all Ether and Ethereum based-tokens share (The same can be said with other blockchain platform) the same address and demarcated only using a Memo or a Tag. This creates a honeypot that is just waiting to be exploited by hackers. Second, users of CEX have limited access to their digital assets as they will have to ask permission from the CEX operator access to their digital assets.
KYC procedures in CEX are also of great concern as users are typically required to submit supporting documents that can be used to verify their identity. This means users are relying on the security and competency of the CEX to secure their valuable information. Information that can be used for identity theft, false representation, and recovery of other online accounts. One good example of this is Binance where it found some of their customer information have been compromised. This is on top of the recent hack last May 2019.
Although no user funds were lost by the hack as Binance shouldered all the lost funds amounting to $40M USD, users were not able to access their accounts for several days. One can only imagine the great stress and anxiety It might have brought its users, not knowing when they will be able to regain access to their digital assets. These risks do not exist when using DEX as users will not have to deposit or withdraw their Cryptocurrencies. Transactions are all done on-chain and directly transacted from their own non-custodial wallet and there is no risk of your information falling into the wrong hands as there is no need for KYC.
Decentralized Exchange— Newdex
DEXs were made possible through the evolution of blockchain technology. The first-generation blockchain tech like the one used by bitcoin simply does not have the capabilities to host decentralized exchanges. This was only made possible through the integration of smart contracts with Ethereum being the first one to incorporate such capabilities. While the technology has shown promise the limitations of Ethereum’s blockchain made it impossible and uneconomical to reach mass adoption.
Decentralized exchanges (DEX) relies heavily on the blockchain where it has been built on. This is the primary reason why Newdex developers have decided to build their DEX on two of the most successful, scalable and used blockchain in the whole industry EOS and TRON. By doing so their DEX has the capacity to scale to mass adoption without having to worry that the underlying technology that hosts their DEX will not be able to cope up with the load and demand of their decentralized exchange.
EOS and TRON both use Delegated Proof-of-Stake (DPOS) consensus mechanism which has been described as a more power-efficient, scalable and democratic consensus protocol compared to Proof-of-Work. This enables them higher throughputs, consumes a whole lot less energy and secures its blockchain more efficiently. Aside from the scalability advantage, the absence of miners in DPOS makes transactions in EOS and TRON more cost-efficient and often times fee-less like.
By offering a simple yet powerful trading venue for traders of EOS, TRON Newdex has become one of the world’s leading decentralized exchanges. To ensure that the digital assets of its customers are always safe Newdex, does not require its clients to input their private keys. Instead, Newdex opted to partner with all conceivable wallets for both EOS and TRON to enable its users to log in through their non-custodial wallets of choice. This is an additional layer of security and serves as a deterrent to phishing risk.
Apart from not asking for the private key to login in, Newdex does not require its traders to deposit and withdraw their digital assets. This was made possible because all trades are transacted on-chain which means trades are triggered, executed and finalized using smart contracts making them irreversible, immutable and secure. This also makes them auditable and transparent as anyone can basically follow and inspect the transaction on the various blockchain explorer available online.
Since users of Newdex never lose custody of their digital assets we can say it is the prime example of true digital asset ownership. Unlike centralized exchanges that require their customers to deposit and withdraw, Newdex executes transactions straight out of customers’ wallets which means there is no need to move digital assets in and out of the DEX. Hence there will be no chance for Newdex to lockdown user assets, there will also be no need to pay for deposits and withdrawals.
World’s Leading Decentralized Exchange
DEXs are the only trading venues where users have full custody and control of their cryptocurrencies through the use of blockchain technology. Newdex has emerged as the world’s leading DEX for not only offering all the advantages of decentralized exchanges but offering value-added services that set it above all other decentralized exchanges. These include an OTC market that enables its users to use Fiat currencies to trade with cryptocurrencies, a VIP membership for various trading and airdrops privileges and utilizing its own utility token called Newdex ecological Platform Token (NDX).
Conclusion
Cryptocurrencies have not yet reached mass adoption but through the power of blockchain technology and the many advantages that it brings it is only a matter of time when the masses come marching along searching for the proper venue where they can fully exercise their newfound financial freedom. Where there are no censorship, no restrictions, borderless and frictionless. More importantly, where true ownership of cryptocurrency is realized, decentralized exchanges and there is no better embodiment of this than Newdex, the world’s leading decentralized exchange.
For more information about Newdex please follow its official links below:
Website: https://newdex.vip/
Twitter: https://twitter.com/NewdexOfficial
Medium: https://medium.com/@marketing\_27690
Let's Connect!!!
submitted by rillita to eos [link] [comments]

/r/Bitcoin FAQ - Newcomers please read

Welcome to the /Bitcoin Sticky FAQ

You've probably been hearing a lot about Bitcoin recently and are wondering what's the big deal? Most of your questions should be answered by the resources below but if you have additional questions feel free to ask them in the comments.
The following videos are a good starting point for understanding how bitcoin works and a little about its long term potential:
For some more great introductory videos check out Andreas Antonopoulos's YouTube playlists, he is probably the best bitcoin educator out there today. Also have to give mention to James D'Angelo's Bitcoin 101 Blackboard series. Lots of additional video resources can be found at the videos wiki page or /BitcoinTV.
Key properties of bitcoin
Some excellent writing on Bitcoin's value proposition and future can be found here. Bitcoin statistics can be found here, here and here. Developer resources can be found here and here. Peer-reviewed research papers can be found here. The number of times Bitcoin was declared dead by the media can be found here. Scaling resources here, and of course the whitepaper that started it all.

Where can I buy bitcoins?

BuyBitcoinWorldwide.com and Howtobuybitcoin.io are helpful sites for beginners. You can buy or sell any amount of bitcoin and there are several easy methods to purchase bitcoin with cash, credit card or bank transfer. Some of the more popular resources are below, also, check out the bitcoinity exchange resources for a larger list of options for purchases.
Bank Transfer Credit / Debit card Cash
Coinbase Coinbase LocalBitcoins
Gemini Bitstamp LibertyX
GDAX Bitit Mycelium LocalTrader
Bitstamp Cex.io BitQuick
Kraken CoinMama WallofCoins
Xapo BitcoinOTC
Cex.io
itBit
Bitit
Bitsquare
Here is a listing of local ATMs. If you would like your paycheck automatically converted to bitcoin use Cashila or Bitwage.
Note: Bitcoins are valued at whatever market price people are willing to pay for them in balancing act of supply vs demand. Unlike traditional markets, bitcoin markets operate 24 hours per day, 365 days per year. Preev is a useful site that that shows how much various denominations of bitcoin are worth in different currencies. Alternatively you can just Google "1 bitcoin in (your local currency)".

Securing your bitcoins

With bitcoin you can "Be your own bank" and personally secure your bitcoins OR you can use third party companies aka "Bitcoin banks" which will hold the bitcoins for you.
Android iOs Desktop
Mycelium BreadWallet Electrum
CoPay AirBitz Armory
Another interesting use case for physical storage/transfer is the Opendime. Opendime is a small USB stick that allows you to spend Bitcoin by physically passing it along so it's anonymous and tangible like cash.
Note: For increased security, use Two Factor Authentication (2FA) everywhere it is offered, including email!
2FA requires a second confirmation code to access your account, usually from a text message or app, making it much harder for thieves to gain access. Google Authenticator and Authy are the two most popular 2FA services, download links are below. Make sure you create backups of your 2FA codes.
Google Auth Authy
Android Android
iOS iOS

Where can I spend bitcoins?

A more comprehensive list can be found at the Trade FAQ but some more commons ones are below.
Store Product
Gyft Gift cards for hundreds of retailers including Amazon, Target, Walmart, Starbucks, Whole Foods, CVS, Lowes, Home Depot, iTunes, Best Buy, Sears, Kohls, eBay, GameStop, etc.
Steam, HumbleBundle, Games Planet, itch.io, g2g and kinguin For when you need to get your game on
Microsoft Xbox games, phone apps and software
Spendabit, The Bitcoin Shop, Overstock, DuoSearch, The Bitcoin Directory and BazaarBay Retail shopping with millions of results
ShakePay Generate one time use Visa cards in seconds
NewEgg and Dell For all your electronics needs
Cashila, Bitwa.la, Coinbills, Piixpay, Bitbill.eu, Bylls, Coins.ph, Bitrefill, Pey.de, LivingRoomofSatoshi, Hyphen.to, Coinsfer, GetPaidinBitcoin, Coins.co.th, More #1, #2 Bill payment
Foodler, Menufy, Takeaway, Thuisbezorgd NL, Pizza For Coins Takeout delivered to your door!
Expedia, Cheapair, Lot, Destinia, BTCTrip, Abitsky, SkyTours, Fluege the Travel category on Gyft and 9flats For when you need to get away
BoltVM, BitHost VPS service
Cryptostorm, Mullvad, and PIA VPN services
Namecheap, Porkbun For new domain name registration
Stampnik and GetUSPS Discounted USPS Priority, Express, First-Class mail postage
Reddit Gold Premium membership which can be gifted to others
Coinmap, 99Bitcoins and AirBitz are helpful to find local businesses accepting bitcoins. A good resource for UK residents is at wheretospendbitcoins.co.uk.
There are also lots of charities which accept bitcoin donations, such as Wikipedia, Red Cross, Amnesty International, United Way, ACLU and the EFF. You can find a longer list here.

Merchant Resources

There are several benefits to accepting bitcoin as a payment option if you are a merchant;
If you are interested in accepting bitcoin as a payment method, there are several options available;

Can I mine bitcoin?

Mining bitcoins can be a fun learning experience, but be aware that you will most likely operate at a loss. Newcomers are often advised to stay away from mining unless they are only interested in it as a hobby similar to folding at home. If you want to learn more about mining you can read more here. Still have mining questions? The crew at /BitcoinMining would be happy to help you out.
If you want to contribute to the bitcoin network by hosting the blockchain and propagating transactions you can run a full node using this setup guide. Bitseed is an easy option for getting set up. You can view the global node distribution here.

Earning bitcoins

Just like any other form of money, you can also earn bitcoins by being paid to do a job.
Site Description
WorkingForBitcoins, Bitwage, XBTfreelancer, Cryptogrind, Bitlancerr, Coinality, Bitgigs, /Jobs4Bitcoins, Rein Project Freelancing
OpenBazaar, Purse.io, Bitify, /Bitmarket, 21 Market Marketplaces
Watchmybit, Streamium.io, OTika.tv, XOtika.tv NSFW, /GirlsGoneBitcoin NSFW Video Streaming
Bitasker, BitforTip, WillPayCoin Tasks
Supload.com, SatoshiBox, JoyStream, File Army File/Image Sharing
CoinAd, A-ads, Coinzilla.io Advertising
You can also earn bitcoins by participating as a market maker on JoinMarket by allowing users to perform CoinJoin transactions with your bitcoins for a small fee (requires you to already have some bitcoins)

Bitcoin Projects

The following is a short list of ongoing projects that might be worth taking a look at if you are interested in current development in the bitcoin space.
Project Description
Lightning Network, Amiko Pay, and Strawpay Payment channels for network scaling
Blockstream and Drivechain Sidechains
21, Inc. Open source library for the machine payable web
ShapeShift.io Trade between bitcoins and altcoins easily
Open Transactions, Counterparty, Omni, Open Assets, Symbiont and Chain Financial asset platforms
Hivemind and Augur Prediction markets
Mirror Smart contracts
Mediachain Decentralized media library
Tierion and Factom Records & Titles on the blockchain
BitMarkets, DropZone, Beaver and Open Bazaar Decentralized markets
Samourai and Dark Wallet - abandoned Privacy-enhancing wallets
JoinMarket CoinJoin implementation (Increase privacy and/or Earn interest on bitcoin holdings)
Coinffeine and Bitsquare Decentralized bitcoin exchanges
Keybase and Bitrated Identity & Reputation management
Bitmesh and Telehash Mesh networking
JoyStream BitTorrent client with paid seeding
MORPHiS Decentralized, encrypted internet
Storj and Sia Decentralized file storage
Streamium and Faradam Pay in real time for on-demand services
Abra Global P2P money transmitter network
bitSIM PIN secure hardware token between SIM & Phone
Identifi Decentralized address book w/ ratings system
Coinometrics Institutional-level Bitcoin Data & Research
Blocktrail and BitGo Multisig bitcoin API
Bitcore Open source Bitcoin javascript library
Insight Open source blockchain API
Leet Kill your friends and take their money ;)

Bitcoin Units

One Bitcoin is quite large (hundreds of £/$/€) so people often deal in smaller units. The most common subunits are listed below:
Unit Symbol Value Info
millibitcoin mBTC 1,000 per bitcoin SI unit for milli i.e. millilitre (mL) or millimetre (mm)
microbitcoin μBTC 1,000,000 per bitcoin SI unit for micro i.e microlitre (μL) or micrometre (μm)
bit bit 1,000,000 per bitcoin Colloquial "slang" term for microbitcoin
satoshi sat 100,000,000 per bitcoin Smallest unit in bitcoin, named after the inventor
For example, assuming an arbitrary exchange rate of $500 for one Bitcoin, a $10 meal would equal:
For more information check out the Bitcoin units wiki.
Still have questions? Feel free to ask in the comments below or stick around for our weekly Mentor Monday thread. If you decide to post a question in /Bitcoin, please use the search bar to see if it has been answered before, and remember to follow the community rules outlined on the sidebar to receive a better response. The mods are busy helping manage our community so please do not message them unless you notice problems with the functionality of the subreddit. A complete list of bitcoin related subreddits can be found here
Note: This is a community created FAQ. If you notice anything missing from the FAQ or that requires clarification you can edit it here and it will be included in the next revision pending approval.
Welcome to the Bitcoin community and the new decentralized economy!
submitted by BinaryResult to Bitcoin [link] [comments]

/r/Bitcoin FAQ - Newcomers please read

Welcome to the /Bitcoin Sticky FAQ

You've probably been hearing a lot about Bitcoin recently and are wondering what's the big deal? Most of your questions should be answered by the resources below but if you have additional questions feel free to ask them in the comments.
Some great introductions for new users are My first bitcoin, Bitcoin explained and ELI5 Bitcoin. Also, the following videos are a good starting point for understanding how bitcoin works and a little about its long term potential:
Also have to give mention to Lopp.net, the Princeton crypto series and James D'Angelo's Bitcoin 101 Blackboard series. Some excellent writing on Bitcoin's value proposition and future can be found at the Satoshi Nakamoto Institute. Bitcoin statistics can be found here, here and here. Developer resources can be found here, here and here. Peer-reviewed research papers can be found here. Potential upcoming protocol improvements here. Scaling resources here. The number of times Bitcoin was declared dead by the media can be found here (LOL!), and of course Satoshi Nakamoto's whitepaper that started it all! :)
Key properties of bitcoin

Where can I buy bitcoins?

Bitcoin.org, BuyBitcoinWorldwide.com and Howtobuybitcoin.io are helpful sites for beginners. You can buy or sell any amount of bitcoin and there are several easy methods to purchase bitcoin with cash, credit card or bank transfer. Some of the more popular resources are below, also, check out the bitcoinity exchange resources for a larger list of options for purchases.
Bank Transfer Credit / Debit card Cash
Gemini Bitstamp LocalBitcoins
Bitstamp Bitit Mycelium LocalTrader
BitFinex Cex.io LibertyX
Cex.io CoinMama WallofCoins
Xapo Spectrocoin BitcoinOTC
Kraken Luno BitQuick
itBit
HitBTC
Bitit
Bisq (decentralized)
Luno
Spectrocoin
Here is a listing of local ATMs. If you would like your paycheck automatically converted to bitcoin use Bitwage.
Note: Bitcoins are valued at whatever market price people are willing to pay for them in balancing act of supply vs demand. Unlike traditional markets, bitcoin markets operate 24 hours per day, 365 days per year. Preev is a useful site that that shows how much various denominations of bitcoin are worth in different currencies. Alternatively you can just Google "1 bitcoin in (your local currency)".

Securing your bitcoins

With bitcoin you can "Be your own bank" and personally secure your bitcoins OR you can use third party companies aka "Bitcoin banks" which will hold the bitcoins for you.
Android iOs Desktop
Samouari BreadWallet Electrum
Another interesting use case for physical storage/transfer is the Opendime. Opendime is a small USB stick that allows you to spend Bitcoin by physically passing it along so it's anonymous and tangible like cash.
Note: For increased security, use Two Factor Authentication (2FA) everywhere it is offered, including email!
2FA requires a second confirmation code to access your account, usually from a text message or app, making it much harder for thieves to gain access. Google Authenticator and Authy are the two most popular 2FA services, download links are below. Make sure you create backups of your 2FA codes.
Google Auth Authy
Android Android
iOS iOS

Where can I spend bitcoins?

Check out spendabit or bitcoin directory for some good options, some of the more commons ones are listed below.
Store Product
Gyft Gift cards for hundreds of retailers including Amazon, Target, Walmart, Starbucks, Whole Foods, CVS, Lowes, Home Depot, iTunes, Best Buy, Sears, Kohls, eBay, GameStop, etc.
Steam, HumbleBundle, Games Planet, itch.io, g2g and kinguin For when you need to get your game on
Microsoft Xbox games, phone apps and software
Spendabit, Overstock, The Bitcoin Directory and BazaarBay Retail shopping with millions of results
ShakePay Generate one time use Visa cards in seconds
NewEgg and Dell For all your electronics needs
Bitwa.la, Coinbills, Piixpay, Bitbill.eu, Bylls, Coins.ph, Bitrefill, LivingRoomofSatoshi, Hyphen.to, Coinsfer, More #1, #2 Bill payment
Menufy, Takeaway, Thuisbezorgd NL, Pizza For Coins Takeout delivered to your door!
Expedia, Cheapair, Lot, Destinia, BTCTrip, Abitsky, SkyTours, Fluege the Travel category on Gyft and 9flats For when you need to get away
BitHost VPS service
Cryptostorm, Mullvad, and PIA VPN services
Namecheap, Porkbun For new domain name registration
Stampnik Discounted USPS Priority, Express, First-Class mail postage
Reddit Gold Premium membership which can be gifted to others
Coinmap and AirBitz are helpful to find local businesses accepting bitcoins. A good resource for UK residents is at wheretospendbitcoins.co.uk.
There are also lots of charities which accept bitcoin donations, such as Wikipedia, United Way, ACLU and the EFF. You can find a longer list here.

Merchant Resources

There are several benefits to accepting bitcoin as a payment option if you are a merchant;
If you are interested in accepting bitcoin as a payment method, there are several options available;

Can I mine bitcoin?

Mining bitcoins can be a fun learning experience, but be aware that you will most likely operate at a loss. Newcomers are often advised to stay away from mining unless they are only interested in it as a hobby similar to folding at home. If you want to learn more about mining you can read more here. Still have mining questions? The crew at /BitcoinMining would be happy to help you out.
If you want to contribute to the bitcoin network by hosting the blockchain and propagating transactions you can run a full node using this setup guide. Bitseed is an easy option for getting set up. You can view the global node distribution here.

Earning bitcoins

Just like any other form of money, you can also earn bitcoins by being paid to do a job.
Site Description
WorkingForBitcoins, Bitwage, XBTfreelancer, Cryptogrind, Bitlancerr, Coinality, Bitgigs, /Jobs4Bitcoins, Rein Project Freelancing
OpenBazaar, Purse.io, Bitify, /Bitmarket, 21 Market Marketplaces
Streamium.io, XOtika.tv NSFW, /GirlsGoneBitcoin NSFW Video Streaming
Bitasker, BitforTip Tasks
Supload.com, SatoshiBox, JoyStream, File Army File/Image Sharing
CoinAd, A-ads, Coinzilla.io Advertising
You can also earn bitcoins by participating as a market maker on JoinMarket by allowing users to perform CoinJoin transactions with your bitcoins for a small fee (requires you to already have some bitcoins)

Bitcoin Projects

The following is a short list of ongoing projects that might be worth taking a look at if you are interested in current development in the bitcoin space.
Project Description
Lightning Network, Amiko Pay, and Strawpay Payment channels for network scaling
Blockstream, Rootstock and Drivechain Sidechains
21, Inc. Open source library for the machine payable web
ShapeShift.io Trade between bitcoins and altcoins easily
Open Transactions, Counterparty, Omni, Open Assets, Symbiont and Chain Financial asset platforms
Hivemind and Augur Prediction markets
Mediachain Decentralized media library
Tierion and Factom Records & Titles on the blockchain
BitMarkets, DropZone, Beaver and Open Bazaar Decentralized markets
Samourai and Dark Wallet - abandoned Privacy-enhancing wallets
JoinMarket CoinJoin implementation (Increase privacy and/or Earn interest on bitcoin holdings)
Coinffeine and Bisq Decentralized bitcoin exchanges
Keybase and Bitrated Identity & Reputation management
Telehash Mesh networking
JoyStream BitTorrent client with paid seeding
MORPHiS Decentralized, encrypted internet
Storj and Sia Decentralized file storage
Streamium Pay in real time for on-demand services
Abra Global P2P money transmitter network
bitSIM PIN secure hardware token between SIM & Phone
Identifi Decentralized address book w/ ratings system
BitGo Multisig bitcoin API
Bitcore Open source Bitcoin javascript library
Insight Open source blockchain API
Leet Kill your friends and take their money ;)

Bitcoin Units

One Bitcoin is quite large (hundreds of £/$/€) so people often deal in smaller units. The most common subunits are listed below:
Unit Symbol Value Info
millibitcoin mBTC 1,000 per bitcoin SI unit for milli i.e. millilitre (mL) or millimetre (mm)
microbitcoin μBTC 1,000,000 per bitcoin SI unit for micro i.e microlitre (μL) or micrometre (μm)
bit bit 1,000,000 per bitcoin Colloquial "slang" term for microbitcoin
satoshi sat 100,000,000 per bitcoin Smallest unit in bitcoin, named after the inventor
For example, assuming an arbitrary exchange rate of $10000 for one Bitcoin, a $10 meal would equal:
For more information check out the Bitcoin units wiki.
Still have questions? Feel free to ask in the comments below or stick around for our weekly Mentor Monday thread. If you decide to post a question in /Bitcoin, please use the search bar to see if it has been answered before, and remember to follow the community rules outlined on the sidebar to receive a better response. The mods are busy helping manage our community so please do not message them unless you notice problems with the functionality of the subreddit. A complete list of bitcoin related subreddits can be found here
Note: This is a community created FAQ. If you notice anything missing from the FAQ or that requires clarification you can edit it here and it will be included in the next revision pending approval.
Welcome to the Bitcoin community and the new decentralized economy!
submitted by BinaryResult to Bitcoin [link] [comments]

Ripple Subreddit Rules, Helpful Links & Answers to Common Questions - READ BEFORE POSTING

You must read our rules before participating in Ripple
Helpful links and answers to common questions will be updated frequently so check back often
 
 
Ripple Subreddit Rules
https://www.reddit.com/Ripple/wiki/rules
 
Helpful Links
Ripple Insights - Top 9 Frequently Asked Questions About Ripple and XRP (Jan 18, 2018)
Ripple’s Ultimate Strategy; why XRP will increase in value
Removing inefficiency of international payments with XRP
Reasons to expect XRP to be the most popular bridge asset
"XRP is competitive now in the USD/MXN corridor"
Ripple's Decentralization Strategy Update
XRP Market Performance
List of Ripple Partnerships and RippleNet Implementations
 
People to Follow
Ripple on Twitter
Brad Garlinghouse, Chief Executive Officer at Ripple
Yoshitaka Kitao, executive chairman, CEO and president of SBI Holdings, Inc.
David Schwartz, Chief Cryptographer at Ripple | aka u/sjoelkatz
Stefan Thomas, Former CTO at Ripple, Co-creator of Interledger. Founder at Coil
Patrick Griffin, Senior Vice President of Business Development at Ripple
Miguel Vias, Head of XRP Markets at Ripple
Warren Paul Anderson, Product Manager, xRapid/XRP at Ripple
 
Hodor's XRP Blog
TplusZero - research & analysis on #XRP
 
Most Discussed Topics and Answers
● The Case Against BankCoin - Banks need an independent digital asset to enable truly efficient settlement
● Ripple Technology → Fast Payments → XRP → Fast Settlement
● Solving the chicken and egg problem - FI's bridging payments with XRP & companies saving money by holding XRP
● Banks hold XRP under a contractual agreement | Build liquidity to bridge payments to raise the demand for XRP
● How the global adoption of xRapid (XRP liquidity tool) would affect the value of XRP
● Besides instant cross-border payment settlement, XRP can capture other use cases, value that doesn't yet exist
● XRP Ledger has numerous technological advantages over blockchain systems that use proof of work
● Ripple is committed to making the XRP Ledger as decentralized as they possibly can
● Quantum-resistant signature schemes - Adding a new scheme is easy and fast
 
XRP Wallets
You need 20 XRP to activate a XRP wallet. Fees can be changed by the validators through the voting process.
The reserve requirement protects the XRP Ledger from spam or malicious usage.
 
When you are sending XRP to an exchange, destination tag is very important.
Destination tag is not needed when you transfer XRP to your own wallet address.
 
● XUMM by XRPL Labs | Developers
XUMM is a free app (iOS and Android) that makes sending, receiving and interacting with the XRP ledger easy & secure.
 
● Ledger Nano S | Tutorial | FAQ | Buy Online | Ripple Recovery Tool
Cryptocurrency Hardware Wallet
When you get your Ledger wallet, you must reset it and get a new set of 24 words seed before using it.
 
● The World Exchange | How to Create a Cold Wallet for Ripple
A free user-friendly and purely client-side wallet
 
● GateHub | Support | Network Statistics
GateHub XRP Web Wallet
 
Tools
Check XRP wallet balance - Bithomp | Graph | Transactions
Print raw information about an account, a transaction or a ledger - RPC Tool
 
Exchanges
The best way to support XRP is to buy/sell XRP directly with your local currency, not with USDT, ETH, LTC, or BTC.
Available XRP pairs - AUD, BRL, CAD, CNY, EUR, GBP, IDR, INR, JPY, KRW, MXN, PHP, RUB, THB, TRY, UAH, USD, ZAR.
You can find the complete list of XRP exchanges and supported XRP/fiat pairs Here.
 
USD - US Dollar
Kraken | Bitstamp | Bitfinex | CEX.IO | Gatehub |
Exrates | Exmo | Mr. Exchange | Bitsane | Sistemkoin | BitBay | Quoine
 
EUR - Euro
Kraken | Bitstamp | Gatehub | CEX.IO | LiteBit.eu | Anycoin Direct
The Rock Trading | Bitsane | BitBay | BitFlip | Bitlish | Quoine
 
KRW - South Korean Won
Bithumb | Upbit | Coinone | Korbit | GOPAX | Coinrail
 
JPY - Japanese Yen
Kraken | Bitbank | Quoine | Mr. Exchange
 
CNY - Chinese Yuan
RippleFox | Ripple China | Fatbtc
 
TRY - Turkish Lira
Vebitcoin | BTCTurk | Koineks | Sistemkoin | Ovis
 
INR - Indian Rupee
Zebpay | Koinex | Unocoin | Bitbns | BuyBitcoin | BuyUcoin
 
AUD - Australian Dollar
BTC Markets
 
THB - Thai Baht
BX Thailand
 
MXN - Mexican Peso
Bitso
 
IDR - Indonesian Rupiah
Indodax | Quoine
 
RUB - Russian Ruble
Exmo | BitFlip
 
ZAR - South African Rend
Altcoin Trader
 
CAD - Canadian Dollar
Kraken
 
UAH - Ukrainian Hryvnia
Kuna | BTC Trade UA | BitFlip
 
GBP - British Pound
Cryptomate
 
BRL - Brazilian Real
Braziliex
 
SGD - Singapore Dollar
Quoine
 
AED - United Arab Emirates Dirham
BitOasis
 
PHP - Philippine peso
CX | Exchange
 
USDT - Tether
Poloniex | Bittrex | Huobi | OKEx | CoinBene | Upbit | HitBTC |
ZB.com | Gate.io | Sistemkoin
 
ETH - Ethereum
Binance | Bittrex | Gatehub | OKEx | OTCBTC | Upbit | HitBTC |
Bitsane | Mr. Exchange | CoinFalcon
 
LTC - Litecoin
Bitsane | Mr. Exchange
 
BTC - Bitcoin
Kraken | Bitstamp | Bitfinex | CEX.IO | Gatehub | Binance | Poloniex | Bittrex |
HitBTC | OKEx | Upbit | Huobi | BTCTurk | BTC Markets | CoinEgg | Exmo |
ZB.com | OTCBTC | Coinrail | Bits Blockchain | Triple Dice Exchange | Indodax |
Exrates | Qryptos | Gate.io | Bitsane | Bitso | Ovis | BCEX | BitBay |
Mr. Exchange | Orionx | CoinFalcon | Abucoins | BitFlip | LakeBTC | Coinbe
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How to Buy and Sell bitcoin on CEX.IO 2018 How to buy bitcoin on CEX.IO and send to external wallet How to sell bitcoin on cex.io How to Deposit Crypto to CEX.IO Account C-cex.com Bitcoin Trading  Account Checker/Cracker

You can easily buy bitcoins via several websites or even offline from a Bitcoin-ATM. We suggest you https://cex.io/ for buying bitcoins. What if I don’t pay? Jun 11, 2020 from destroying your site's reputation for a small fee. The current fee is $2000 USD in bitcoins (BTC). Send the bitcoin to the following Bitcoin address (Copy and In order to deposit cryptocurrency to your CEX.IO account, you need to send your funds from your external wallet to the CEX.IO wallet of corresponding currency. To check your wallet address please go to the Finance Page (https://cex.io/finance), press the “deposit” button next to the coin you want to deposit and fill the checkbox.CEX.IO offers different payment methods for both deposits CEX.IO is a centralized cryptocurrency exchange located in United Kingdom. There are 25 coins and 93 trading pairs on the exchange. CEX.IO volume in the last 24 hours is reported to be at ₿400.61. The most active trading pair on CEX.IO exchange is BTC/USD. CEX.IO is established in year 2013. Bitcoin Wallet Transaction Alerts notify you by email when a bitcoin address has activity on the blockchain ; View, monitor and search bitcoin ownership and wallet balance by name, bitcoin address, email address, url or keyword; Check a BTC address to find connected websites or owner profiles! CEX.IO is the Bitcoin trading platform that combines the crucial features: enhanced security, variety of options and high market liquidity. The team applies every effort to make your trading on the platform as convenient and safe as possible. With CEX.IO, you can always be sure that you will find what you are looking for.

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How to Buy and Sell bitcoin on CEX.IO 2018

Check out this short video on how to deposit crypto to your CEX.IO account. 0:07 To make a crypto deposit to CEX.IO, go to the Finance page in your account, select the cryptocurrency you would ... CEX.io also provides users with protection under a level two DSS certificate. This means it has proved itself as having a certain level of security to store, process, and transmit payment card ... This video explains how you can buy Bitcoin via credit card and send the Bitcoin directly to your favorite wallet. I used Binance BTC wallet as an example. Open an account in CEX https://cex.io/r ... This Video Explains and Demonstrates how you can get your BTC Wallet address from your C-Cex.com account. ... How to find your bitcoin address on cex.io - Duration: 0:52. MMM.Australia F.A.Q 9,136 ... bitcoin address, bitcoin analysis, a bitcoin in real life, a bitcoin millionaire, ... How to buy bitcoin on CEX.IO and send to external wallet - Duration: 5:44. Hisham Al 9,910 views.

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