Brief Introduction to Blockchain – For Normal People

What is crypto?

If you have tried to dive into this mysterious thing called blockchain, you will be forgiven for retreating in horror at the opacity of the technical jargon often used to compile it. So before we learn what cryptocurrency is and how blockchain technology can change the world, let’s discuss what blockchain really is.

Simply put, a blockchain is a digital book of transactions, unlike the books we have used for hundreds of years to record sales and purchases. The function of this digital ledger is almost identical to that of a traditional ledger, recording debits and credits among people. This is the basic concept behind blockchain; the difference is who keeps the book and who approves the transactions.

With traditional transactions, it involves a kind of intermediary to facilitate the payment process from one person to another. Suppose Rob wants to transfer 20 pounds to Melanie. He can either give him cash in the form of a £ 20 bill or use a banking program to transfer the money directly to his bank account. In both cases, the bank is the intermediary that confirms the transaction: Rob’s funds are checked when he withdraws the money from the ATM or checked by the program when making a digital transfer. The bank decides whether to continue the operation. The Bank also keeps track of all transactions made by Rob, and is only responsible for updating Rob when he pays or receives money from someone’s account. In other words, the bank keeps and controls the ledger and everything goes through the bank.

This is a big responsibility, so it’s important for Rob to feel that he can trust the bank, otherwise he won’t risk his money with them. He must be sure that the bank will not deceive him, that he will not lose his money, that he will not be robbed, and that he will not disappear overnight. This need for confidence supported almost every major behavior and aspect of the monolithic financial industry to such an extent that even during the 2008 financial crisis, when the banks were found to be irresponsible about our money, the government (another intermediary) allowed them to collapse. save them from the risk of destroying the last fragments.

Blockchains work differently in one main way: they are completely decentralized. There is no central clearing house like a bank and no central book in the hands of an institution. Instead, the booklet is distributed over a large computer network called nodes, each of which stores a copy of the entire book on its hard drives. These nodes are connected to each other through a piece of software called a peer-to-peer (P2P) client, which synchronizes information on the network of nodes and ensures that everyone has the same version of the accounting book at any time. .

When a new operation is added to the blockchain, it is first encrypted using the most modern cryptographic technology. Once encrypted, the transaction becomes something called a block, a term commonly used for a new group of encrypted transactions. The block is then sent (or broadcast) to a network of computer nodes, where it is checked by the nodes and, after verification, transmitted over the network so that the block is added to the end of the booklet on everyone’s computer, under a list of all previous blocks. This is called a chain, so the technology is called a blockchain.

The operation can be completed after confirmation and recording in the book. Cryptocurrencies like Bitcoin work that way.

Eliminate responsibility and trust

What are the advantages of this system compared to the banking or central clearing system? Why should Rob use Bitcoin instead of normal currency?

The answer is trust. As mentioned earlier, with the banking system, it is very important that Rob trusts his bank to protect and manage his money properly. To ensure this happens, there are huge regulatory systems in place to monitor the actions of banks and ensure that they are appropriate. Governments then regulate regulators, creating a kind of level control system whose sole purpose is to prevent mistakes and misconduct. In other words, organizations such as the Financial Services Authority exist precisely because banks cannot be trusted on their own. Banks often make mistakes and misbehave, as we have seen many times. When you have only one source of authority, power becomes abuse or misuse. The relationship of trust between people and banks is awkward and uncertain: we don’t really trust them, but we don’t feel they are very alternative.

Blockchain systems don’t need you to trust them. All transactions (or blocks) in the blockchain are checked by nodes in the network before they are added to the accounting ledger, ie there is no failure point and no single confirmation channel. If a hacker wanted to successfully break into a blockchain, he would have to hack millions of computers at the same time, which is almost impossible. The hacker will also not be able to bring down the blockchain network, because they still need to be able to shut down every computer in the network of computers around the world.

The encryption process itself is a key factor. Blockchains, such as Bitcoin, use deliberately difficult processes for verification procedures. In the case of Bitcoin, blocks are often checked in the form of puzzles or complex mathematical problems by deliberate processors and nodes that perform a series of time-consuming calculations, which means that the check is neither instantaneous nor accessible. The nodes that provide resources to check the blocks are rewarded with a transaction fee and a reward for newly minted bitcoins. It has the function of both encouraging people to become hubs (because the development of such blocks requires very powerful computers and a lot of electricity), and at the same time manages the process of creating or releasing currency units. This is called mining, because it requires considerable effort (in this case by computer) to produce a new commodity. This also means that operations are audited in the most independent way possible, more independently of a government-regulated organization such as the FSA.

This decentralized, democratic, and highly secure nature of blockchains means that they can operate without the need for regulation (self-regulation), government, or other non-transparent intermediaries. People work not in spite of each other, but because they do not trust each other.

Let it diminish for a while, and let the excitement around the blockchain begin to make sense.

Smart contracts

Where things are really interesting are non-cryptocurrency blockchain applications such as Bitcoin. Given that one of the key principles of the blockchain system is secure, independent verification of transactions, it is easy to imagine other ways in which such a process can be valuable. Not surprisingly, many such programs are already in use or under development. Here are some of the best:

  • Smart contracts (Ethereum): Probably the most interesting blockchain development after Bitcoin is that smart contracts are blocks that contain code that must be executed to execute a contract. The code can be anything, as long as the computer can execute it, but in simple terms, it means that you can use blockchain technology (with independent verification, unreliable architecture and security) to create a kind of savings system for any operation. you can use. . For example, if you are a web designer, you can create a contract that checks whether a new client’s website is up and running, and then automatically releases the funds to you. No more harassment or invoicing. Smart contracts are also used to prove ownership of an asset, such as property or art. With this approach, the potential to reduce fraud is great.
  • Cloud storage (cloud storage): Cloud computing has revolutionized the Internet, which in turn has led to the emergence of Big Data, which ushered in a new AI revolution. However, most cloud-based systems run on servers stored on single-site server farms owned by a single entity (Amazon, Rackspace, Google, etc.). This presents the same problems as the banking system, because your data is managed by a single, non-transparent organization that represents a point of failure. The distribution of data over the blockchain completely eliminates the problem of trust and also promises to increase reliability, because it is very difficult to dismantle the blockchain network.
  • Digital identification (ShoCard): Two of the biggest problems of our time are identity theft and data protection. Large centralized services such as Facebook, for example, store a lot of information about us, and the potential for abuse of our personal information by the efforts of various developed world governments to store digital information about their citizens in a central database is terrible. Blockchain technology offers a potential solution to this problem that can be verified by a blockchain network by gathering your basic information into an encrypted block and proving your identity. Its applications range from the obvious change of passports and identity cards to the change of passwords. This can be huge.
  • Digital voting: Very relevant after a study of Russia’s influence in the recent US elections, digital voting has long been both unreliable and highly susceptible to fraud. Blockchain technology offers a way to verify the successful sending of a voter’s vote while maintaining anonymity. This promises not only to reduce election fraud, but also to increase overall voter turnout so that people can vote with their mobile phones.

Blockchain technology is still in its infancy, and most applications are far from common use. Even Bitcoin, the most established blockchain platform, is subject to great volatility, an indicator of its relatively new status. However, blockchain’s potential to solve some of the major problems we face today makes it an incredibly interesting and engaging technology. I will definitely pay attention.

Are you planning to set up your own Cryptocurrency Exchange Platform?

If we look at the most impressive developments of recent times, the first thing that comes to mind is, of course, cryptocurrency. People have made huge profits by investing in cryptocurrencies like bitcoin and more at the right time. Many people have also prospered by simply providing investors with a cryptocurrency exchange platform to trade cryptocurrencies.

The exchange is very easy to set up. but before you start your exchange, you need to know a few basic things.

Let’s look at them –

Do you have a target audience?

One of the most important things to consider before setting up any business platform is to identify your target audience. The situation is the same here.

When planning to set up a bitcoin exchange platform, the first thing you need to analyze and understand is your target audience.

For example, in the case of bitcoins, you can target both local and global audiences. So you need to understand what your target audience is and then plan the development process. Why is this important? Well, you will learn about it in the next sections.

Do you understand the legal terms?

The second thing you need to consider is the legal terms and conditions that you must comply with.

There is a big problem with the legal aspects of cryptocurrency, but it may surprise you to know that there are 96 countries where bitcoin transactions are still unlimited.

Thus, it may be a good idea to create a cryptocurrency exchange platform while targeting these countries.

Always remember to take a close look at the legal guidelines in the area you plan to implement.

Do you have a joint bank?

Another thing to keep in mind here is that you will need a common bank. The simple reason behind this is that you are dealing with financial transactions.

You need to have the right support in the form of a partner bank to ensure that financial transactions run smoothly and smoothly.

Therefore, you should contact several banking organizations to find out if they can help you and understand their terms.

Do you have the right partner to develop the platform?

The most important step in the process is finding the right professional who can help you create a secure platform. The reason we emphasize the term secure is that the great popularity of cryptocurrency has made these exchanges the first target for hackers.

You need to focus on creating a secure platform to make sure your reputation is not tarnished by something you don’t want. You can easily achieve this by hiring an experienced designer who knows all the intricacies of the industry.

For example, they can test the platform by imitating a malware attack and see how your cryptocurrency exchange platform stands up to it.

The result

This last point summarizes the main things you need to keep in mind when planning to build a cryptocurrency exchange platform for yourself. Once you have the answers to these questions, you can easily move on and continue to grow and earn some money.

But if you want to stay in this game for a long time, remember to take all necessary legal, compliance and security measures.

Well, are you ready for that?

Basics of cryptocurrency and how it works

In our time, technology has developed incredibly well compared to any time in the past. This evolution redefined human life in almost every way. In fact, this evolution is a continuous process, and therefore human life on earth is improving day by day. One of the latest developments in this regard is cryptocurrencies.

Cryptocurrency is nothing more than a digital currency designed to enforce security and anonymity in online money transactions. It uses cryptographic encryption to create both currencies and verify transactions. The new coins are created by a process called mining, and the transactions are recorded in a public book called Transaction Block Chain.

A little backwards

The evolution of cryptocurrency is mainly related to the virtual world of the Internet and involves the procedure of converting readable information into almost unopened code. This makes it easier to track purchases and transfers in foreign currency. Cryptography has evolved in the digital age from the day it was introduced to ensure the security of World War II by mixing mathematical theories and computer science. So now it is used not only for communication and information, but also to provide money transfers on the virtual Internet.

How to use cryptocurrency

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

  • You need a digital wallet (open to store currency)
  • Use your wallet to create unique public addresses (this allows you to buy currency)
  • Use common addresses to transfer money to your wallet or wallet

Cryptocurrency wallets

A cryptocurrency wallet is nothing more than a software program that can store both private and public keys. In addition, it can interact with various blockchains so that users can send and receive digital currency, as well as track their balances.

How digital wallets work

Unlike ordinary wallets that we carry in our pockets, digital wallets do not store currency. In fact, the concept of blockchain is so cleverly mixed with cryptocurrency that currencies are never kept in one place. They are nowhere to be found in cash or in physical form. Blockchain only stores records of your transactions, nothing else.

Real life example

Suppose a friend sends you a digital currency, for example, in the form of bitcoin. What this friend is doing is transferring the ownership of the coins to the address of your wallet. Now when you want to use that money, you unlock the fund.

To unlock the fund, you must match the private key in your wallet to the common address where the coins are assigned. Only when these personal and public addresses coincide will funds be credited to your account and the balance in your wallet swell. At the same time, the balance of the sender of digital currency will decrease. In the case of digital currency transactions, there is no actual exchange of physical coins.

Understand the address of a cryptocurrency

By its nature, it is a public address with a unique series of characters. This allows the user or digital wallet owner to buy cryptocurrency from others. Each created public address has a corresponding personal address. This automatic matching proves or identifies the ownership of a shared address. As a more practical analogy, you can consider a public cryptocurrency address as your email address where others can send it. Emails are the currency people send you.

It is not difficult to understand the latest version of the technology in the form of cryptocurrency. You need to spend a little interest and time online to clarify the basics.

Types of cryptocurrency wallets and their general security aspect

There are different types of cryptocurrency wallets that allow users to store and access their digital currencies in different ways. The question that is relevant in this context is how safe these purses are. Before we get into the security aspect, it is useful to understand the different types or types of cryptocurrency wallets available today.

Cryptocurrency wallet: types and types

These wallets can be broadly divided into 3 categories:

  • Software wallets
  • Equipment purses and
  • Paper wallets

Cryptocurrency software wallets can be re-divided into desktop, online and mobile wallets.

  • Desktop application wallets: These wallets are designed to download and install on desktop computers and laptops. This variety offers the highest level of security, although their accessibility is limited only by the computer on which they are installed. In addition, if a computer is hacked or infected with a virus, a person is likely to lose all his money.
  • Online software wallets: This variety of cryptocurrency wallets works in the Cloud. Thus, they can be easily accessed from any computing device and from any geographical location. In addition to ease of access, this type of digital wallet stores private keys online. The keys are even managed by third parties; this makes them easily susceptible to hacking and theft.
  • Mobile application wallets: Unlike the other two types, mobile app wallets work on smartphones through one app. They can be easily used anywhere, including retail stores and shopping malls. This range of wallets is usually simpler and smaller than conventional desktops to take up very limited space on mobile phones.

The difference between hardware and software wallets

Hardware digital wallets differ from software in terms of storing the user’s private keys. Hardware wallets store user keys on a hardware device (such as USB). Thus, since the keys are stored offline, these wallets offer additional security. In addition, hardware wallets are easily compatible with many online interfaces and can handle different currencies. It is also easy to make transactions with different cryptocurrency wallets. As a user, just enter the PIN code, connect the device to any computer connected to the Internet, transfer the currency and simply confirm the transaction. Your digital currency is stored offline by hardware wallets, so there is less risk factor or security concern.

Paper digital wallets: This range of digital wallets is also user-friendly and provides a high level of security. The term “paper wallet” simply refers to the paper printing of both public and private keys of the user. However, given the circumstances, it may also refer to software designed to securely generate keys before printing.

Sweep with paper purses

Paper wallets are relatively easy to use. To transfer any cryptocurrency to your paper wallet, transfer funds from the application wallet to the general address specified by your paper wallet. Similarly, when you want to spend or withdraw money, simply transfer funds from a paper wallet to your software wallet. This procedure is called “sweeping” among the people.

Sweeping can be done manually by entering private keys or by scanning the QR code in a paper wallet.

How reliable are cryptocurrency wallets?

Different types of digital wallets offer different levels of security. The security aspect mainly depends on two factors:

  • The type of wallet you use – hardware, paper, online, desktop or mobile
  • Selected service provider

Needless to say, it is safer to keep currencies offline than online. Regardless of the wallet you choose, there is no way to ignore security measures. If you lose your private keys, all the money kept in your wallet will be lost. On the other hand, if your wallet is broken or you transfer money to a scammer, it will not be possible to refund the transaction or get the money back.

Investing in cryptocurrency is a smart business idea, and using a suitable wallet is inevitable. You just have to be a little more careful to ensure the safety and security aspect of your fund transfers and transactions.

What is Bitcoin and its features?

Introduction to Bitcoin

Bitcoin is an advanced form of currency used to buy goods through online transactions. Bitcoin is not material, it is completely managed and processed electronically. As the value of Bitcoin is constantly changing, you need to be careful about when you contribute to it. Bitcoin is used to exchange different currencies, services and products. Transactions are carried out through a computerized wallet, so transactions are processed quickly. Such transactions have always been irreversible, as the client’s identity has not been disclosed. This factor complicates the process of deciding on transactions via Bitcoin.

Features of Bitcoin

Bitcoin is faster: Bitcoin has the ability to make installments faster than any other mode. Usually, when one transfers cash from one part of the world to another, it takes a few days to complete a banking transaction, but in the case of Bitcoin, it only takes a few minutes to complete. This is one of the reasons why people use Bitcoin for various online transactions.

Bitcoin is easy to set up: Bitcoin transactions are carried out through the address owned by each customer. This address can be easily assigned without going through any of the procedures performed by the bank when setting the record. Creating an address can be done without any changes, credit checks or inquiries. However, every customer who wants to contribute should always check the current value of Bitcoin.

Bitcoin is anonymous: Unlike banks, which keep a complete record of their customers’ transactions, Bitcoin does not. It does not record customer financial records, contact information or any other relevant information. A wallet in Bitcoin generally does not require any important information to work. This feature comes from two perspectives: first, people think it’s a good way to keep their information away from third parties, and second, people think it can increase dangerous activity.

Bitcoin cannot be denied: When someone sends Bitcoin to someone, there is generally no way to get Bitcoin back unless the buyer feels the need to return it. This feature ensures the completion of the transaction, ie the beneficiary can never claim to have received cash.

Bitcoin is decentralized: One of the main features of Bitcoin is that it is not under the control of a special management expert. It is managed in such a way that every enterprise, individual and machine engaged in exchange control and mining is part of the system. Even if part of the system fails, money transfers continue.

Bitcoin is transparent: Although only one address is used to make transactions, each Bitcoin exchange is recorded in Blockchain. So, if someone’s address is used at any point, they can tell how much money is in the wallet through Blockchain notes. There are ways to increase the security of your wallets.

How to make your own cryptocurrency in 4 easy steps

Well, this is cryptocurrency, bitcoin is this!

Enough, there is so much hype about the boom created by virtual currencies that the internet is overloaded with information on how you can make more money by investing in those currencies. Have you ever wondered how beautiful it would be if you could create your own cryptocurrency?

You never thought about that, did you? It’s time to think, because in this article we will present you a four-step guide to creating your own cryptocurrency. Read the post and then see if you can do it for yourself!

Step 1 – Community

No, you don’t have to build a community like you do when you plan to manage social media. The game here is a little different. You need to find a union of people you think will get your currency.

Once you’ve identified a community, it’s easier for you to meet their needs, so you can work on creating a stable cryptocurrency rather than enduring what you want to achieve.

Remember, you are not here to be part of the spectator sport – you are there to win it. And having a community of people who want to invest in your currency is the best way to do that!

Step 2 – Code

The second important step is coding. You don’t have to be a master coder to create your own cryptocurrency. There are many open source codes out there that you can use.

You can even go ahead and hire professionals who can do the work for you. But keep one thing in mind when coding – explicit copying won’t get you anywhere.

You need to bring a little uniqueness to differentiate your currency from the existing ones. It must be innovative enough to create fluctuations in the market. This is because to be in a cryptocurrency game, it is not enough to just copy the code.

Step 3 – Miners

The third and most important step in the process is to hire some miners who will actually produce your cryptocurrency.

This means that there must be a certain group of people who can relate to you in the market about your currency. You need people who can raise awareness about your currency.

This will give you a start. And as they say – a good start is half the work; miners can finally lay the foundation for a successful journey for your cryptocurrency in the face of growing competition.

Step 4 – Marketing

The last thing you need to do as part of the job here is to contact the merchants who will be trading at the end of the virtual coins you build.

Simply put, you have to sell these coins on a battlefield where real people are really interested in investing in them. And this is not an easy task.

You need to earn their trust by letting them know that you have something to offer.

How to start with this? The best way to sell your coins first is to identify the target audience who knows what cryptocurrency is.

After all, there is no point in trying to sell your goods to people who do not even know what cryptocurrency is.

The result

Thus, you can see that building a successful cryptocurrency means being more aware of market trends, being a less rigorous technologist or avant-garde coder.

If you have this consciousness, then it’s time to bloom in the cryptocurrency slot while the sun is shining. Go ahead and plan to build your own cryptocurrency by following these simple steps and see how it works for you!

Everything you need to know about the use of Litecoins

Litecoins are a form of cryptocurrency that is gaining popularity in response to the demand of consumers around the world for alternative currency options. This currency works like standard world currencies. Traders and investors have realized the great potential offered by this currency, and it is widely traded by both beginner and experienced investors. The best way to get the most out of Litecoin trading is to use the services of a Litecoin broker. There are many Litecoin brokers with an excellent reputation for providing superior service to their clients. These brokers will be able to help traders make the right investment decisions.

When you hire a good Litecoin broker, they will have numerous tools and resources to ensure that your trading goes smoothly. Perhaps the most widely used tool by these brokers is the Litecoin news widget. This widget can be completely customized to meet your specific needs. It will provide constant updates on cryptocurrency news and other relevant information, so you will be able to see the latest news on the wires. The following will give you an idea of ​​exactly what this cryptocurrency is and how it can be used and obtained in addition to trading with it.

What are litecoins?

Litecoins are a form of virtual currency that can be obtained and used to buy and sell various services and products such as jewelry, clothing, food and electronics. Since this currency is used only online, its value is determined by the demand on currency trading sites. This cryptocurrency can be traded or mined. The process during mining for currency can be a daunting task. Computers solved mathematical equations, and as a result they were rewarded. Almost any good computer can mine for currency, but statistically the chances of success are low and it can take days to earn just a few coins.

The difference between Litecoins and Bitcoins

The main difference is that Litecoins can be purchased much faster than bitcoins, and their limit is set at 84 million, while the limit of Bitcoin is only 21 million. Bitcoins are increasingly accepted in online stores, but Litecoins are gaining popularity every day. Currency is decentralized, so this is a great advantage for traders. As the cryptocurrency becomes more widely known, the value is expected to be lower than the cost of Bitcoin.

Why not another Bitcoin?

Well, it’s been a crazy 10 years for Bitcoin. In fact, it’s been more than 10 years since Bitcoin was first created by Satoshi Nakamoto. Whoever he was, or who they were, they had a great impact on the world. Undoubtedly, they predicted it, so they chose to disappear from the spotlight.

So, more than a decade later, Bitcoin is still alive and well. Thousands of other cryptocurrencies have emerged since trying to emulate the crypto king. It all failed and will continue to fail. Bitcoin is a type. Something that cannot be repeated. If you do not know the reason, let me explain.

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

  • Bitcoin is an Online Cryptocurrency

  • There is a maximum of 21 Million Supplies

  • It cannot be falsified

  • Not all coins are in circulation yet

  • No one is fully centralized without control

  • This cannot be censored

  • This is Peer to Peer Money

  • Anyone can use it

  • Bitcoin has a steady supply that decreases every 4 years

How is Bitcoin different?

So how does Bitcoin differ from the thousands of other coins invented since then?

When Bitcoin was first invented, it began to spread slowly among a small group of people. It grew organically. As people began to see the benefits of Bitcoin and how the price would increase due to its stable supply, it began to grow faster.

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

Developers can improve and enhance the Bitcoin network, but that should be my consensus on the entire Bitcoin network. No one can manage Bitcoin. This is what makes Bitcoin unique and impossible to replicate.

There are currently thousands of other cryptocurrencies available, but I will use Ethereum as an example of what makes Bitcoin different. It is currently one of the largest Lower Coins and has been around since it was invented in 2015 by Vitalik Buter.

Vitalik controls the Ethereum blockchain and basically has the final say on any developments that happen in Ethereum.

Censorship and Government Intervention

To illustrate: Imagine that Iran sent billions of dollars to North Korea to finance its new nuclear weapons program. This is not a good situation, but it should show you how much more secure your money is in Bitcoin!

Anyway … the first example. Iran uses a standard banking system and transfers the money to North Korea in US dollars. The US government says wait a minute, freeze these operations and confiscate the money. Easy. They do it immediately and the problem disappears.

The second example. The same thing is repeated, but this time Iran uses the Ethereum blockchain to send money to North Korea. The US government sees what is happening. A phone call is made.

“Get Vitalik Buteri here now”

The US government is putting “some pressure” on Vitaly, forcing him to return the blockchain and cancel Iran’s operations. (The Ethereum blockchain was actually returned before the hacker stole a significant amount of money).

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

Ethereum is just an example, but it is true for all other cryptocurrencies.

Bitcoin cannot be stopped

So the same thing is repeated. This time, Iran uses Bitcoin as a payment method. The US government sees this and is powerless to prevent it.

There is no one to call. There is no one to put pressure. Bitcoin is beyond censorship.

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

Another example would be if the Vitalik family were taken hostage. Bitcoin is beyond any of these and is therefore the safest investment on the planet.

Learn how to use Bitcoin

Everyone should own some Bitcoin. Although not dangerous. If you are new to Bitcoin, you need to learn as much as you can before investing. Owning Bitcoin comes with a lot of responsibility. Learn how to use Bitcoin safely.

How to get $ 10 from free Bitcoin is easy and simple

So far, you’ve probably heard of Bitcoin – there are stories of people making thousands of dollars overnight with these and other cryptocurrencies.

Like any new speculative investment, there is an element of risk. So starting with free $ 10 Bitcoin is a good way to try it out and start learning how it all works. I am still new to all of this, and I came across this process during my research. It helped me, so I thought I should share it with you.

The first thing you need to know about buying Bitcoin is that there are several basic ways to get it, and it’s not that hard to do.

The two main ways to get Bitcoin are through a broker or exchange. Take a look at the Coinbase exchanges – they are one of the largest exchanges, have a clean and easy-to-understand interface, are accessible by applications on various mobile and computer platforms, and offer you $ 10 free Bitcoin to get started. There are other exchanges I’ve tried and they work well – BTCMarkets and Coinspot, to name a couple that are both good – but only Coinbase has a $ 10 starting bonus.

An additional advantage of Coinbase is that it works locally in many currencies – for example, if you are in Australia, all your information will be displayed in Australian Dollars, so exchange rates and so on.

It should also be noted that Bitcoin is not the only cryptocurrency that Coinbase deals with – you can also buy Etherium (ETH), Bitcoin Cash (BCH) or LiteCoin (LTC) – whichever currency you decide to use, you can still get $ 10 you can. free bitcoin.

Without further ado, here’s how to get free $ 10 Bitcoin:

1) Sign up for Coinbase (the link at the bottom of this article will qualify you for a $ 10 bonus)

2) Complete the account setup process, including checking your email address, phone number, and uploading your ID (driver’s license, passport, or other photo ID – this can be done by taking a picture with your phone).

3) Enter your credit card details and check the card by looking at the transactions that Coinbase will add to your internet banking report (this is instant and you are not charged)

4) Now order Bitcoin, Etherium – whatever – for $ 100 in your activated account. If your local currency is not US $, you should make sure you order the equivalent of $ 100.

*** IMPORTANT: All Bitcoin purchases are paid, and Coinbase is no different. At mostYour first $ 100 purchase should cost about $ 4 ***

5) Here it is! In a few days, $ 10 worth of Bitcoin will appear in your Coinbase account – even if you deduct the purchase fee, you’re still ahead.

So, if you are interested in Bitcoin, want to dip your toe in without risk and get some free money (!) During the process, give it a try. Bonus Bitcoin will be more than just paying for that first deposit, and it can help you learn what it is all about.

Sounds good?

Some recent notes:

• This process will only work if you are a new Coinbase customer. If you already have an account, you will not get a free loan

• You can get $ 10 free if you only register using the link below.

• The time of the above offer is limited – you have it after creating your account using the link 180 days Make a purchase of Bitcoin, Litecoin or Etherium for $ 100 and still get a $ 10 loan.

I hope you will have a prosperous and successful future with Bitcoin and take advantage of the free $ 10. Free money doesn’t come every day, and bitcoin can grow very fast at $ 10, as rates have been rising lately! My plan is to sit on $ 110 for a while and see what happens and feel the ups and downs of Bitcoin. Let’s see how we will go.

7 Advantages of cryptocurrency

Cryptocurrency is a digital alternative to using credit cards or cash to make daily payments in a variety of situations. It continues to grow as a viable alternative to traditional payment methods, but should still be more stable before it is fully welcomed by ordinary people. Let’s take a look at some of the many benefits of using cryptocurrency:

Fraud – Any problem with fraud is kept to a minimum because cryptocurrency is digital and this can prevent refunds or fraudulent payments. This can be a problem for other traditional payment options, such as credit cards, due to refunds.

Identity theft – when using cryptocurrency, there is no need to provide personal information that could lead to identity theft. If you use a credit card, the store will give you a lot of information about your credit line, even for a very small transaction. Also, credit card payment is based on a pull transaction that requires a certain amount from the account. Transactions with cryptocurrency payments are carried out on a push basis, which allows the account holder to send only the exact amount to be paid without additional information.

Versatile use – payment with cryptocurrency can be easily made to comply with certain conditions. A digital contract can be created to make a payment that must be completed at a later date, refer to external facts, or obtain third-party approval. Even with a special contract, this type of payment is still very fast and efficient.

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

Low commissions – it is possible to complete a cryptocurrency transaction without additional payment or fees. However, if a digital wallet or third-party service is used to store the cryptocurrency, it will most likely be a small payment.

International trade – this type of payment is not subject to country-specific fees, transaction fees, interest rates or exchange rates, which allows cross-border transfers to be completed relatively easily.

Adaptability – There are many opportunities to use a payment method tailored to your specific needs in the global market with about 1,200 unique types of cryptocurrencies. While there are many options for using coins for everyday use, there are also those designed for a specific use or a specific industry.