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The Correlation Between Gold and Bitcoin, Holytransaction

The Correlation Between Gold and Bitcoin

The Correlation Between Gold and Bitcoin, Holytransaction

The digital age embraces new technology and adapts to it very quickly. Nowadays, investors have an opportunity to diversify their portfolio with digital assets and not just physical ones. However, while digital assets have risen in fame in the last few years, their volatility and unpredictability have investors question whether or not these types of investments are actually safe. On the other hand, gold has always been a “safe bet” among investors.

The main reason is that gold is an excellent hedge against inflation, global instability and economic crisis. As for Bitcoin, many people have claimed that it’s the digital gold, but so far, Bitcoin was unable to provide the same level of investment security as gold. Many people still wonder if Bitcoin and gold are correlated. When comparing prices, the Bitcoin price is certainly very volatile, while gold pretty much retains its price with slight variations. Here’s more insight into the correlation between gold and Bitcoin.

Difference of investment

As mentioned before, investors have an opportunity to opt for digital assets instead of just physical ones. The rise of Bitcoin’s price in 2017 that was alongside a price increase in gold made people believe these two assets are correlated. However, people who invested in Bitcoin did so mainly because this digital asset was unregulated by governments and they intended to reap the benefits of that situation.

On the other hand, people investing in gold were looking for a safe investment to secure their funds, as gold is usually used for that. In other words, the cryptocurrency market was explored by investors who were speculating on the outcome, while gold was sought after by investors looking to secure their funds. Simply put, there was no direct correlation other than the investors’ interest in both assets during the same period.

Different assets

The difference between the assets upholds their lack of correlation. Gold is a physical asset, which means its use and properties are much more flexible than Bitcoin which is purely a digital asset. Gold has inherent value, it can be used in various industries and has cultural value as well. That means that gold is, and will always be highly sought after and on high demand. That’s why the gold price has remained steady throughout the years compared to Bitcoin prices that experience extreme volatility. For instance, Bitcoin reached its top price of $17.900 on December 22, 2017.

On the 5th of February, 2018, the price of Bitcoin fell to $6.200, which is more than 50% decrease in less than two months. The price of gold is determined by the global economic situation and demand, whereas digital assets are unregulated and their prices are uncertain at best. For example, gold prices go up whenever there are fluctuations in the stock market. Investors prefer an asset that can secure their funds or even yield a profit as opposed to an asset that’s too risky.

Market dynamics

The gold market is more mature and well-developed, as well as regulated. On the other hand, the crypto market is fairly new and still in the process of adjusting. The increased popularity of digital assets also leads to the adoption of more cryptocurrencies. Aside from Bitcoin, there are over a thousand different currencies on the market. However, not all currencies are sought after or have the potential to become investments. That’s why the crypto market still cannot correlate with gold, but that doesn’t mean digital assets won’t experience more stability in the future.

Even though the idea behind Bitcoin and blockchain technology was originally to be unregulated by officials and decentralized from a banking system, it seems that it does require a bit of regulation in order to stabilize and operate on an optimal level. The lack of security and safety does force investors to tread carefully when investing in cryptocurrencies, whereas gold can provide certain security even in the worst of scenarios.

Relationship between assets

So far, experts have been arguing about the existing or nonexistent correlation between gold and Bitcoin. Regardless of the current situation, there’s undeniably a relationship between the two. Both assets are considered hedges against inflation and global economic difficulties. However, gold is still perceived as a more stable investment than digital assets.

The fact of the matter is that whenever cryptocurrency value decreases, gold prices go up, as investors return to their “safe haven” investment. The main reason is digital asset volatility. Increased volatility means greater risks and investors would prefer not to risk it, making investments that are meant to secure their funds. With that in mind, when the digital currency market stabilizes, the relationship between these two assets may improve and there may even be more correlation between them as well.

 

Whether there’s a correlation between gold and Bitcoin is still debatable. Where one party sees a correlation, others see coincidence. That’s why it’s difficult to determine the relationship between these two assets. As for now, gold is considered a less risky and a more flexible investment, whereas Bitcoin, although perceived as a hedge, is considered too volatile to overtake gold. From an investor’s point of view, gold and digital assets are two very different assets.

Open your free digital wallet here to store your cryptocurrencies in a safe place.

Jack
VPN for crypto trading, Holytransaction

Why it’s necessary to use VPN for crypto trading?

VPN for crypto trading, Holytransaction

Cryptocurrency is no doubt the latest innovation and revolution in banking in the world today. It gives people the power to take full charge of their wealth, how it is stored, what happens to it and so on. However, with new invention comes new challenges and as the world slowly but gradually accepts Cryptocurrency as the new way of storing money there is a need to simultaneously adjust the way we secure it. For the vast majority of people who store their money in banks, there is little or no worries in terms of security as ideally, the banks have insurance cover against a breach in their security system, theft, and lastly potential hacks. This is not the case for Cryptocurrency as funds are only as safe as we want them to be. Basically, private keys show where your wealth is located and if anyone has access or knowledge of them you can kiss your money goodbye.

Many Folks trading cryptos from their laptops in their bedrooms, office or elsewhere may feel a false sense of safety and security as they cannot physically sense that they are being watched. The fact is people using the internet today are rarely alone. It may simply be an autonomous piece of code monitoring your activities online or someone somewhere in a government basement or Private Corporation physically monitoring you while you go about your crypto trading business. It may as well be someone else somewhere with the skills and knowledge to do so. Regardless of who and what is monitoring you the fact is your Crypto is almost always at risk.

Many ideas have been put forward about the best and most effective way of protecting Cryptocurrency. Many experts believe that one of the worst ways to protect a crypto wallet is to put it on the exchange. The ‘million dollars’ question now is what is the safest way of protecting your private key and Cryptocurrency?

Now imagine for a second that you do not have to worry much about this risk, imagine that every bit of information you send and receive is encrypted, and imagine that only the sender and receiver of any information can have access to it. Would that not be great? Read an expert review on saferVPN which is one of the most popular VPN services here: bestvpn24.com/safervpn-review/.

More Reasons to Protect Yourself While Crypto-Trading

A Digital Trail: Everything digital leaves a trail. Cryptocurrencies are basically electronic cash. Traders typically make use of an electronic wallet that sends electronic cash to another wallet. Bitcoins are not anonymous as we all would love them to be, they are simply pseudonymous.  Crypto- Traders who use pseudonym addresses are more like writers who go by their pseudonyms. If their true identity/name were to be uncovered all their previous works under their pseudonyms will be linked to them. In the same way, all Bitcoins transactions are stored up in a blockchain and regardless of whether you use a pseudonymous address or not if that address can be in any way linked to you everyone will know the entire history of transactions you have made.

A school of thought argues that using a real name/identity for trading Cryptocurrency anonymously is not necessary since you have a Bitcoin wallet address; however, this is only true if that address is unique and changes for each transaction.

Stores can uncover real identities:  Folks who are a bit conscious of how the security risk of trading crypto has ingeniously adopted means sure as having more than one wallet, making multi-input transactions, using web-hosted ‘eWallets’ to conceal identity and so on.

The truth is these methods are not very effective as online retailers and stores have access to their Bitcoin address when they make transactions with them. In addition, the payment processor which retailers utilize can also be used to uncover their real identity.

The bottom line is users are made to reveal their identity in order to get good and services when making payments online which consequently implies that Cryptocurrencies are not really anonymous.

Cryptocurrencies do not encrypt traffic: The basic system employed by Cryptocurrencies is such that when coins are sent, they are first taken to the Bitcoin’s nodes where they are encrypted. Furthermore, the communication between nodes is encrypted but that is about it. There is no encryption of the internet traffic which means that ISPs can collect information on the origin and destination of any transaction.

How VPNs Help Crypto-Trading

    Using a VPN mask the IP address from a computer which is very useful to stay secure from government agencies and corporations.

    With a VPN you can trade anywhere in the world. The best VPNs are capable of unblocking geo-locked websites. Traders who are blocked from local websites due to government policies can easily access those sites with a VPN.

    Even while making online transactions with your bank, you are made to provide some vital information about yourself. Similarly, trading platforms also request some personal information and bank details; a very good VPN will protect this data from hackers and other third parties.

    With a VPN, traders can enjoy faster internet connections while performing their transactions. Time is a vital component of trading online and a few seconds or minutes lost due to speed and connection issues can be very costly.

    To avoid taxes and government surveillance: The number of countries and financial markets that still prohibits the trading of digital currency is still much. Without a VPN it will be difficult to safely enter financial markets where trading is both legal and illegal.

The government of some developing countries impose enormous taxes on financial transactions, having a VPN will ensure that you are able to avoid paying such taxes on.

    You can avoid legal issues: Legal issues can arise in countries where trading Cryptocurrency is illegal. With VPNs, traders can go about their business anonymously.

Conclusion

Using a VPN to protect your digital cash by securing your personal and banking details is really something that is paramount. Some of the best VPNs are cheap and readily available just make sure you check out some of the amazing features and services before you pick one.

Open your free digital wallet here to store your cryptocurrencies in a safe place.

Jack

Welcome to the Universal Wallet and Exchange, Enjin coin.

If you thought about holding or exchanging ENJ Enjincoin, now you can do so directly with your HolyTransaction Universal Wallet.

We have successfully integrated Enjincoin and it’s now possible to add ENJ wallet to your dashboard and use it to access and exchange all cypto supported, instantly. This is just one of the many recent adoptions that increased the possibilities of our platform, by bringing the number of cryptocurrencies accepted to 29.

Now you are free to store ESS on HolyTransaction, transfer them to any other wallet, and make crypto-to-crypto transfers from and to ESS.

All HolyTransaction customers can create a new address for their own Essentia Wallet with the maximum ease.

Enjincoin Wallet features
Just like Bitcoin and all the other 28 digital currencies supported, you can now:

• Send ENJ to any address, even to addresses of other crypto, with instant conversion on the fly;
• Receive transactions;
• Exchange ENJ with any supported coins;
• Make instant transactions between HT users;
• Get real time exchange rates on the website;
• Set OTP for additional protection.

If you are not able to see your newest Enjincoin Wallet, you just need to click on the “plus” button on the top right of the balance page, once you successfully login into your own wallet.

About EnjinCoin:

The EnjinCoin Team built a “modular platform enables you to explore endless use-cases for blockchain technology”. The Platform allows to Integrate blockchain really quickly “without writing a single line of code – or go all in and create custom tokens & contracts from scratch”.

An all-in-One Blockchain Game Development Platform

Enjin offers a completely flexible, free platform for creating, integrating and scaling tokenized gaming assets. Here you can find a list of features as reported in the official website.

Non-Fungible Tokens

Create unique gaming assets – rare cards, scarce weapons & heroes. Use the ERC-721 token standard or mint them with ENJ.

Fungible Tokens

Forge in-game currencies, virtual goods, gold coins, cards, generic loot items, mineable resources and other abundant gaming assets.

Modular

Use everything from bound tokens & whitelists to trading fees & token bundles to supercharge your token & game mechanics – and increase your revenue.

Mint & Melt

Back your tokens with ENJ and provide the ultimate value proposition for your audience, true ownership of meltable gaming assets that have real-world value.

Integrate

Use our easy to use SDKs to integrate blockchain with your game. Use pre-built Token Supply models or code your own smart contracts.

Scale

Take advantage of Efinity, our sidechain instant token scaling network to build everything from CCGss, Dapps to massive, MMO gaming multiverses.

Applications:

Video Games

Level up your published titles with blockchain technology – or build everything from groundbreaking MMOs and MOBAs to full-blown gaming multiverses.

DApp Games

Whether you’re an experienced blockchain solidity developer or a total newbie, ENJ platform is everything you need to power the next crypto-collectible DApp.

eSports

Mint custom tokens and galvanize your audience – boost online interactions, supercharge your marketing efforts and give prizes to your biggest fans.

Rewards

Incentivise activity and encourage engagement by automatically rewarding your community members or gamers with tokens that have real-life value.

Open your free digital wallet here to store your cryptocurrencies in a safe place.

Jack

Welcome to the Universal Wallet and Exchange, Power Ledger.

If you thought about holding or exchanging POWR Power Ledger, now you can do so directly with your HolyTransaction Universal Wallet.

It’s now possible to add POWR wallet to your dashboard and use it to access and exchange 27 different crypto instantly. Now you are free to store POWR on HolyTransaction, transfer them to any other wallet, and make crypto-to-crypto transfers from and to POWR.

All HolyTransaction customers can now create a new address for their own Power Ledger Wallet.

Power Ledger Wallet features:
Just like Bitcoin and all the other 26 digital currencies supported, you can now:

• Send POWR to any address, even to addresses of other crypto, with instant conversion on the fly;
• Receive transactions;
• Exchange POWR with any supported coins;
• Make instant transactions between HT users;
• Get real time exchange rates on the website;
• Set OTP for additional protection.

If you are not able to see your newest Power Ledger Wallet, you just need to click on the “plus” button on the top right of the balance page, once you successfully login into your own wallet.

About PowerLedger

Power Ledger is an Australian blockchain-based energy trading platform that allows for decentralised selling and buying of renewable energy. The platform provides consumers with access to a variety of energy markets around the globe and is scalable to various energy infrastructures and regulations.

Open your free digital wallet here to store your cryptocurrencies in a safe place.

Jack

Welcome to the Universal Wallet and Exchange, Digixdao.

If you thought about holding or exchanging DGD Token, now you can do so directly with your HolyTransaction Universal Wallet.

It’s now possible to add DGD wallet to your dashboard and use it to access and exchange 26 different crypto, instantly. Everything in one account.

Now you are free to store DGD on HolyTransaction, transfer them to any other wallet, and make crypto-to-crypto transfers from and to DGD. All HolyTransaction customers can create a new address for their own DGD Token Wallet.

DGD Wallet features
Just like Bitcoin and all the other 25 digital currencies supported, you can now:

• Send DGD Token to any address, even to addresses of other crypto, with instant conversion on the fly;
• Receive transactions;
• Exchange DGD  Token with any supported coins;
• Make instant transactions between HT users;
• Get real time exchange rates on the website;
• Set OTP for additional protection.

If you are not able to see your newest DGD Wallet, you just need to click on the “plus” button on the top right of the balance page, once you successfully login into your own wallet.

About DigixGlobal and DigixDAO:

DigixGlobal is the first organization built on Ethereum that tokenizes physical assets onto the Ethereum blockchain, specifically 99.99% London Bullion Market Association (LBMA) approved Gold bars through our Proof of Asset (PoA Protocol). They anticipate that synergies amongst all Decentralised Applications (DApps) on Ethereum will eventually lead to an increased volume of Digix Gold tokens.

DigixDAO is a suite of smart contract Decentralized Autonomous Organization (DAO) software created and deployed by DigixGlobal on the blockchain, and aims to work with the community to govern and build a 21st century gold standard financial platform on Ethereum. It wants to establish a standard in being an open and transparent organization using the power of Ethereum smart contracts, such that DigixDAO token holders can directly impact decisions dedicated to the growth and advocacy of the DigixCore Gold Platform. In return, token holders are able to claim rewards of transaction fees on DGX from DigixDAO every quarter on the Ethereum platform.

All raised Ethers will be kept in a publicly disclosed Ethereum address. The DAO will have a project pledging mechanism in place, where token holders are eligible to pledge their approval /rejection of project proposals suggested by DigixGlobal, before any of the raised ETH can be unlocked from the DAO’s multisignature contract wallet.

DigixDAO wants the community to directly influence the allocation of raised ETH in a transparent manner. All project proposals will be uploaded onto the InterPlanetary File System (IPFS) and is publicly available. Token holders will get to pledge their support for projects on the blockchain before any of the cryptocurrency raised can be released to DigixGlobal.

They predict that their product will revolutionize the digital gold industry by providing an open and transparent asset backed token on Ethereum.

A selection of key terms for understanding:

DigixDAO Token (DGD): DGD Token entitles you to pledge for project proposals at Digix and allows you to claim a reward on transaction fees collected on the system every quarter. They are divisible to 9 decimal placings and are transferrable.

Gold Asset Ownership Card: A digital Gold asset card issued to the purchaser of a Gold bar as listed on the Digix Web Application marketplace.

Pledging: Every DGD token automatically entitles the holder to pledge on proposals that are submitted by Proposers or Digix Developers. Your pledge significance is directly proportional to the amount of DGD tokens held in your ethereum address.

Proposer’s Badge: The Proposer’s Badge entitles the Proposer to formally propose a project or a feature he/she will like to see on the Digix platform. For example, it could be as simple as an add-on button feature, a live Gold visual chart or an additional product offering. Proposer badges also allow you to vet on other Proposer’s projects. Proposer badge significance is directly proportional to the number of badges you hold in your ethereum address. Proposer badges are different from pledging.

Number of DigixDAO (DGD) tokens in existence:

2,000,000 DGD tokens.. DGD Token ownership is transferable to anyone who has an Ethereum Wallet.

( Respectfully sourced from https://bravenewcoin.com/assets/Whitepapers/digixdao-info.pdf )

Open your free digital wallet here to store your cryptocurrencies in a safe place.

Jack

Welcome to the Universal Wallet and Exchange, Essentia Token.

If you thought about holding or exchanging ESS Essentia, now you can do so directly with your HolyTransaction Universal Wallet.

We have successfully integrated Essentia Token and it’s now possible to add ESS wallet to your dashboard and use it to access and exchange 25 different crypto, instantly. This is just one of the many recent adoptions that increased the possibilities of our platform, by bringing the number of cryptocurrencies accepted to 26.

Now you are free to store ESS on HolyTransaction, transfer them to any other wallet, and make crypto-to-crypto transfers from and to ESS.

All HolyTransaction customers can create a new address for their own Essentia Wallet with the maximum ease.

Esentia Token Wallet features
Just like Bitcoin and all the other 25 digital currencies supported, you can now:

• Send ESS to any address, even to addresses of other crypto, with instant conversion on the fly;
• Receive transactions;
• Exchange ESS with any supported coins;
• Make instant transactions between HT users;
• Get real time exchange rates on the website;
• Set OTP for additional protection.

If you are not able to see your newest Essentia Wallet, you just need to click on the “plus” button on the top right of the balance page, once you successfully login into your own wallet.

About Essentia:

Here’s how Matteo Zago, Founder at Essentia One, answered everyones’ question.

What is Essentia? “Essentia is a modular, decentralized interoperability and data management framework. It aims to collect and connect centralized and decentralized resources into one cohesive environment and provide the interoperable framework for the Web 3.0.

Being not only interoperability but also management framework, another Essentia’s objective is to provide users full control over their personal information. Using Essentia, it is possible to set up what information you want to share, with whom and even for how long.

Essentia is created as a tool to help users smoothly transition from Web 2.0 to Web 3.0, by creating a network of application that can be used at once, from one place with the help of the seed only.

You can gather all your favorite services, from exchanges to messengers, and manage your digital life easily and painlessly not wasting extra time and money. […].”

Open your free digital wallet here to store your cryptocurrencies in a safe place.

Jack
Industries Crypto and Blockchain are Disrupting, Holytransaction

4 Industries Crypto and Blockchain are Disrupting — Aside from Finance

Industries Crypto and Blockchain are Disrupting, Holytransaction

As technology continues to shift society, companies are quick to adapt to the digitised landscape. Everywhere, service providers are looking for new ways to enhance their performance, cut costs, and cater to customers more efficiently through new and evolving tech.

This is where cryptocurrency and blockchain come in. Initially, blockchain was designed to facilitate the transfer of bitcoins and other cryptocurrencies. But at its core, it’s a shared database containing multiple encrypted entries. This public ledger is capable of recording high volume transactions across the globe, with its decentralised nature lessening the risks of fraud.

That said, blockchain technology has a wealth of potential uses. It not only presents companies with a safer alternative, it also eliminates the need for tedious, paper-heavy manual processes, such as bookkeeping. Business Insider notes that its increasing popularity has proven useful in the world of finance, where the revolutionary sector known as Fintech is making strides. This advancement is providing technological solutions and simplifying complex mechanisms, as underlined on a previous article here on Holy Transaction. Beyond that, blockchain is poised to radically restructure many of the world’s most important industries. Here are four fields that this innovative technology is currently disrupting.

Supply Chain and Logistics

The supply chain and logistics industry is full of opportunities for human error. Multiple factors such as time delays and high costs can create a ripple effect that is felt throughout the entire process. With blockchain technology, every transaction can be documented and stored in a permanent database — from manufacturing to point of sale. The reliability and integrity brought about by blockchain is an advantage that many global companies such as Unilever and Dole are now beginning to take advantage of in their respective supply chains.


In truth, blockchain technology is just one of the many ways the supply chain and logistics industry is taking advantage of continuing innovation. Truck platooning, for example, is already being hailed as the future of transportation. Meanwhile, a recent mandate for the use of Electronic Logging Devices (ELDs) from the U.S. Department of Transportation also leverages the latest technology to make highways safer and driver tracking more efficient. Verizon Connect highlights how ELDs can be used to optimise driving routes, thus maximising mileage and movement. The use of these ELDs by thousands of trucking companies has allowed them to automatically time driving hours, monitor engine time, and look in-depth into information routes. The regulation was implemented in the U.S. just last December, and other countries are expected to follow suit in the future. With these innovations, along with blockchain technology’s assurance of more secure and transparent transactions, the growth possibilities across the supply chain are endless.


The Property Market

Purchasing or selling properties comes with a bottomless pit of paperwork and the hassle of going through various middlemen. Blockchain is turning the real estate industry on its head by driving power back to homeowners and buyers themselves. One company at the forefront of this shift is Deedcoin Inc. Deedcoin’s mission is to provide much-needed transparencybetween all involved parties and improve their relationship, which they are doing by tokenising the process and eliminating any middlemen. Moreover, this cryptocurrency-powered platform is putting an end to frustrating agent commission rates, making home ownership more feasible for a greater number of people. Meanwhile, Holland is gearing up to implement a blockchain-based system for their national Land Registry.

Healthcare

For years, the healthcare industry has been calling for a long overdue update when it comes to storing medical research, billings, and records. Because the industry is practically drowning in data, it opens up a lot of potential for mistakes, fraud, and displacement. This has bred distrust between patients and healthcare providers, but as John Halamka of Beth Israel Deaconess Medical Center has shared, “Now is probably the right time in our history to take a fresh approach to data sharing in healthcare.”

By securely storing medical records that can be accessed by authorised personnel only, blockchain technology is able to aid in restoring the trust between patients and doctors. In the future, it will also help to identify patients. Here in the EU, the Innovative Medicines Initiative is also working to implement a blockchain-enabled healthcare program that helps patients gain faster access to life-saving medication. The tech will also work to check the authenticity of drugs and put an end to the counterfeit medication market, which is estimated to be worth 160 billion Euros.

Gaming

Even gaming isn’t exempt from the tech touch. Many players and investors are already acknowledging the mountain of opportunities that blockchain brings to the table. Gamestatix co-founder Dean Anderson stated that there was previously no feasibly way to financially compensate players for co-creating games. However, blockchain technology has paved the way for a model that guarantees financial rewards for all. Gamers will be rewarded with cryptocurrency for test-driving and reviewing games, providing valuable feedback to developers, and promoting games across social media. By providing monetary incentives, it puts an end to free labour, thus encouraging better quality of games.

For more articles on cryptocurrency or information about crypto exchanges, be sure to explore the Holy Transaction website.

Article produced for holystransactoin.com
By: Hannah Wright

Open your free digital wallet here to store your cryptocurrencies in a safe place.

Jack
Blockchain, Holytransaction

3 Reasons Why Earning Blockchain is Worth Getting Excited

Blockchain, Holytransaction

The rapid advancement in the concepts such as- Blockchain and Bitcoin are gaining widespread popularity. Nowadays cryptocurrencies have become the talk of the town and the way its value increases, it grabs the attention of various people around.

Concept and importance of blockchain

Today most of the individuals who are working in the blockchain industry for the first time think this is the best career path they have chosen. There are several companies which have already begun to adopt the concept of blockchain technology. It is the most incorruptible digital ledger which is used for the economic transaction that you can also program to record.

The blockchain holds immense importance in a few manners which is why it is highly popular-

  • Being entirely different from the concept of Bitcoin, the best part about blockchain is that it allows you to execute the contracts efficiently along with transferring money.
  • Since by using the internet you can quickly get information to almost everything, thereby limiting the use of newspapers. It has become quite easier with both blockchain and cryptocurrency to transfer money, thus permanently bypassing the middleman.
  • As it is digital money, its process can be recorded since the moment networking on the same begins. Thus it makes the valuable transfer as well as the accounting a whole lot easier.

With so many advantages, there is no doubt that why taking a Blockchain Course, can be fruitful. Moreover here are the top 5 reasons for why earning blockchain is essential-

       1      Good Futuristic Value- Over the past few years, blockchain investment has increased a lot, and it is certainly the best place to make sure career keeping future growth in mind.  The blockchain’s productivity has slowly begun to unlock the flexibility of the business and also ensuring that the changing market dynamics are fully met, and the overall efficiency of business gets improved.

    2.  More ways to Explore- Being a huge sleeping giant, you can utilize blockchain technology as a platform to explore different ways. In order to ensure that various services are well secured and without any error, many engineers are trying to utilize this technology. It has certainly a big scope and various startups are already running with it.

    3. Huge demand- As we are aware that the blockchain technology is an ever-increasing sector, and numerous opportunities are waiting for you. Cryptocurrency is one such application for the blockchain technology that is utilized by the startup organizations along with the various famous enterprises.

      4.Good salary- As we already know that the demand for this option is very high, and you can expect good salary. As it is both improved and progressive technology, it is quite tough to get placed in here, but once you do there is absolutely no compromising with the salary.

Closing thoughts

Choosing a blockchain industry is certainly a good career path for any individual from any domain. However it is complex in its initial stages, but after a thorough understanding you will be able realize how rewarding it can be.

Open your free digital wallet here to store your cryptocurrencies in a safe place.

Jack
Cryptocurrency regulation, Holytransaction

Cryptocurrency regulation

Cryptocurrency regulation, Holytransaction

The cryptocurrency wave has destroyed the traditional schemes which used to regulate money and financial assets. Furthermore this new trending market has created great opportunities for participants, but it also carries significant risk.

Countries and government are trying to understand how they work and how they could be regulated in order to make this market safer. Generally we say “cryptocurrency”, but this market offers different kind of crypto which have been divided in coins, token security and token utility.

Government agencies made this division, but in some cases coins/tokens show several qualities which make labeling them difficult. In other cases, like in muslim countries, also religion can help make regulation and acceptance difficult.

This article was originally published on UpCounsel.

Open your free digital wallet here to store your cryptocurrencies in a safe place.

Jack
Things You Should Know About Crypto Currency, Holytransaction

Things You Should Know About Cryptocurrency

Things You Should Know About Crypto Currency, Holytransaction

Living in a world of technology, where news through social media and live broadcasting is at our fingertips; it would be foolish to presume that the readers are oblivious of the word “cryptocurrency.” 

All of us must have heard this word cryptocurrency on the media and if not there, then at dinner parties surely. But unfortunately, just knowing the word doesn’t mean you can interpret or pick what it is and how does it work.

No worriment, you are not all alone, despite the hype and press releases there is an overwhelming majority of people who have insufficient knowledge about cryptocurrency including bankers, finance dealers etc. Now let’s discover what the fuss is all about, reading the article will end up providing you the information more than most of the people.

Cryptocurrency a digital asset

“Cryptocurrency will do to banks what email did to the postal industry”

The comprehensible definition of cryptocurrency: “A cryptocurrency is a digital or virtual currency.” but why it is called “Crypto” currency because it uses cryptography for security.

Or it is a digital medium of exchange that uses encryption to secure the process involved in the transaction. The encoding process makes it impossible to counterfeit the cryptocurrency; therefore making the fund transfer safer between two parties.

You can easily find more than 800 digital currencies in the market and Bitcoin is just one of them. Need to mention it as many people think that cryptocurrency and Bitcoin is the same thing with two different names. Like cryptocurrency is a whole tree and Bitcoin is just a branch of it.

Although, Bitcoin is the world’s oldest and well-known cryptocurrency, like any other digital currency it is not regulated or backed by the government. Sir Richard Charles said, “There will be other currencies like it that may be far better, but in the meantime, there is a big industry around Bitcoin.”

You might have heard the words Etherium or Litecoin, just other names of Cryptocurrency. Moreover, the name, symbol, and the price of the cryptocurrencies can be different depending on its end goal. When bitcoin first arrived, they were intended to be a way for the world to break away from banks.

The use of cryptocurrency 

Other than just an increase in value, many other reasons make it imperative for users to own it. It bestows the possibilities that no other currency allow. For example, the following

  • You can use it to sell or buy products and services like any classic flat currency. But the trick is you have to find the donor or the acceptor who deals in cryptocurrency.
  • Send or transfer money at low cost and high speed.
  • Crypto-currencies act as a censorship-resistant alternative store of wealth; it means it can only be accessed by the owner, a person who has private keys to the wallet. Therefore, no personal cryptocurrency wallet can be frozen by the authorities.
  • It provides you the great investment opportunities; you can even transfer your retirement funds into an account for Bitcoin, Etherium, Ripple et cetera. And if you want to avail these services at shoestring budget, you can use coupons.
  • With cryptocurrency you can transfer large amount of money with being answerable to government or bank that why, who and how much.

        Conclusion

The market for cryptocurrency is rapid, vast and wild. Every day it takes a new twist and turns; the new currencies pop up, an old one dies, early adopters get rich, and investors suffer losses. But the fact is that people all over the world are buying cryptocurrencies, investing in it as they are sure that cryptocurrency is here to stay and change the world and that’s an undeniable truth.   

Open your free digital wallet here to store your cryptocurrencies in a safe place.

Jack