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The industrial Revolution rides on Blockchain, Holytransaction

The Industrial Revolution rides on Blockchain

The industrial Revolution rides on Blockchain, Holytransaction

Blockchain technology has often been confused with cryptocurrencies.

This is the reason why people barely understand this crazy crypto world.

Indeed, we can say cryptocurrencies are projects born and raised on the Blockchain technology. We have to look at them as startups, which try to transform a sector or an industry providing a solution based on their coin.

In fact, the core strength of Blockchain lies in the capability to allow the exchange of data securely, anonymously and in a decentralized way; keeping them unchangeable.

Data mean money, votes, info, intellectual property and so on.

This is precisely why it is a revolution. Now maybe you can better understand why some fundamentals values of the blockchain scares government and authority. Being decentralized means NO MIDDLEMAN.

Moreover, we are glad to provide the more curious ones, with this compelling infographic which explains the transformational impact of the Blockchain Revolution on various industries.

Thanks BitFortune for sharing it with us.

 

The industrial Revolution rides on Blockchain, Holytransaction

The industrial Revolution rides on Blockchain, Holytransaction

The industrial Revolution rides on Blockchain, Holytransaction

The industrial Revolution rides on Blockchain, Holytransaction

The industrial Revolution rides on Blockchain, Holytransaction

The industrial Revolution rides on Blockchain, Holytransaction

The industrial Revolution rides on Blockchain, Holytransaction

The industrial Revolution rides on Blockchain, Holytransaction

The industrial Revolution rides on Blockchain, Holytransaction

The industrial Revolution rides on Blockchain, Holytransaction

The industrial Revolution rides on Blockchain, Holytransaction

The industrial Revolution rides on Blockchain, Holytransaction

The industrial Revolution rides on Blockchain, Holytransaction

The industrial Revolution rides on Blockchain, HolytransactionThe industrial Revolution rides on Blockchain, Holytransaction

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

Jack

Ten Years Of The World With Bitcoin Living in a crazy-crazy crypto world.

Bitcoin rose from unknown to mainstream recognition largely thanks the incredulous surge in value it saw in 2017. But then the price went down, sparking yet another heated discussion about the volatile unpredictability of the bitcoin.

Nowadays, discussions are all at their all time hype, but worth just as long as the participants know what they are talking about; and the audience has at least some grasp of the matter. But it rarely happens, as the vast majority of experts are as clueless about the intricacies of the crypto markets as is the general audience.

The infographic below, provided by our friends at BitcoinPlay, will not make us all marketing gurus but will give you a much better understanding about the driving forces behind the world’s first cryptocurrency, how it came to be, who embraced it first and how countries are handling it.
Here’s a selection of our favourite ones:

  • On May 22 2010 two Pizzas cost 10k bitcoins.
  • In 2013 FBI made $48 million by selling on auction one seized 144,000 Bitcoins.
  • 100$ invested in July 2010 is now 18.8 million.
  • Since april 2017 Bitcoin is legal payment method in Japan.
  • Blockchain ledger technology when used by top10 investment bank could save $8-$12 billions.
  • Chinese Mining Pool control approximately 81% of the Bitcoin network’s collective hashrate.
  • Overstock, Dell, Expedia, Dish and Microsoft accept Bitcoin payments.
  • University of Nicosia, Cyprus was the first University to accept tuition to be paid in Bitcoin.
  • Bitcoin is vat free in Switzerland.

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

Jack
holytransaction faq

HolyTransaction FAQ: frequently asked questions and answers

HolyTransaction FAQ and Support Center. Before sending us an email, please read our HolyTransaction FAQ below.

You might find the answer you need.

HolyTransaction FAQ

How can I open my wallet?

It’s easy and free to open an account. Visit HolyTransaction.com, click “sign up”, fill out the form, and log in. Then you may want to add funds to your account.

Click “balance” in the main menu and deposit your favorite digital currencies.

How can I show a new wallet?

If you want to add a new digital currency to your wallet, you just need to visit the balance page and then click on the plus button to add more wallets to your account.

What’s the minimum deposit amount?

We don’t have a minimum for incoming deposits. However, in order to withdraw your coins, you need to meet our fees. So please read our fees list below.

Are there fees for using HolyTransaction?

We charge fees only for withdrawals and transactions to other wallets. There are no fees for deposits. For withdrawals, there is a transaction fee required by each network as indicated on our withdrawal page. Also, here you can read a full list of these fees.

How can I get a coin listed on HolyTransaction?

We don’t have a definitive set of criteria as each project is unique. We listen to the community and select projects that we believe are unique, innovative, and that our users would be interested in trading. Please send us an email at support@holytransaction.com with the info about your coin.

Can I change the email address associated with my account?

You cannot change the email address that was used to create your account at the time of registration. If you are no longer able to access the email account for any reason, please open a support ticket by sending us an email at support@holytransaction.com

Does HolyTransaction have an API?

Yes, and you can check our APIs here.

How many addresses can my account have?

You can create only one address per digital currency.

How quickly are outgoing payments processed?

We make payment instantly, however, each transaction usually needs some time to gain a minimal number of confirmations. Minimum confirmations required varies in every wallet and website.

Can I use HolyTransaction address to play crypto dice games or to mine?

Your deposit address is bound to your account forever. All deposits made to this address will be added to your account balance. However, we don’t guarantee that coins will reside at this address. Due to our system architecture and security measures, coins will be moved to other addresses shortly after deposit, but it does not affect your account balance.

You can still spend all your money anytime.

Should I use HolyTransaction as my only wallet?

We use advanced security mechanisms. However, it is important to take additional steps to ensure that your login details remain protected from users other than yourself.

How do I know my coins will be safe?

We use multiple layers of security:
– cold storage backups
– 2-factor authentication
– regular security audits

Also, we added a new tool we call “the padlock” (you can read more about it hereand other exciting things that are currently in development.

 

Where do I obtain my two-factor authentication code?

You need Google Authenticator application in order to obtain a two-factor authentication code. Click here to read the step-by-step guide to set it up.

 

I forgot my password, how can I reset it?

Automatic password recovery is unavailable at this point. Send an email to passwords@holytransaction.com from the mailbox that you have used for signup and we’ll recover it manually.

 

Do you have a tesnet/UAT version?

We don’t support testnet. Use small amounts of money for test purposes. You can always withdraw them.

When are you going to offer feature X? I would like to access my wallet in my language, can you add it? How can I contribute?

We encourage you to use our feedback widget to ask about features and report bugs. We are implementing them according to demand. Feel free to contact us at support@holytransaction.com if you want to help with translation or something else.

Do you have a donate button for linking to user’s payment URLs?

Not yet.

Why don’t I see “Buy” page?

Due to regulatory constraints, we don’t provide the exchange for US residents and customers that currently located in the United States.

If you have questions that you would like to be answered, submit them at support@holytransaction.com

 

I made a wrong transaction. Can you delete it?

No, we cannot delete any transactions.

 

Can you disable my 2fa? I cannot have access to my Google Authenticator App.

Yes, we can do it. Please send us an email at support@holytransaction.com from the same email you use to login into your wallet. We will disable your OTP in 1 week in order to respect our security standard.

 

How can I delete my account?

Please send us an email at support@holytransaction.com from the same email you use to login into your wallet. We will delete your account as soon as possible. Of course, it has to be empty.

 

Can I increase my daily limit for transactions and withdrawals?

Sure, please read this guide.

 

Why has my account been locked?

It could happen if your padlock is active. Please read this guide to deactivate it.

 

How can I exchange my cryptocurrencies?

If you need to convert your digital currencies into fiat currencies, please use our service called HolyTransaction.trade.

If you need to convert your crypto into another crypto, please follow this guide.

 

What is Flyp.me?

Flyp.me is our latest project for your accountless exchange. Read more here.

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

Amelia Tomasicchio
uasf bitcoin

UASF Bitcoin: a Crypto Guide for Beginners and not

Yesterday we published the image below on Facebook, related to UASF Bitcoin we support. But what does it mean?

uasf bitcoin

What is UASF Bitcoin?

UASF is an abbreviation that stands for User Activated Soft Fork.

It’s a mechanism for the activation of a soft fork that might occur on a specified time enforced by full nodes, a concept that is also called “economic majority”.

In the past years, a UASF was successfully developed to activate the P2SH soft fork (BIP16).

Instead, currently, the UASF is combined with the so-called SegWit activation in the BIP148 proposal you can read here: github.com/bitcoin/bips/blob/master/bip-0148.mediawiki.

What is a MASF?

MASF means Miner Activated Soft Fork. It’s a system by which miners can trigger the activation of a soft fork when a majority decides to execute an upgrade. This allows a faster activation of the soft fork, leaving full nodes to upgrade when they decide to do it.

This mechanism is a tradeoff because it puts trust in the hash power,  enforcing the new rules. Conversely, it can cause invalid chains. This was the case with BIP66.

What is BIP148?

BIP148 is a UASF designed to run the current SegWit MASF deployment in order to activate it in all the existing SegWit capable node software (80% + at this time).

From August 1st, 2017, miners have to signal their readiness for SegWit creating blocks with the version bit 1.

What is Segwit?

SegWit is an upgrade to the bitcoin blockchain that might be able to solve the so-called block size debate, by increasing the capacity of each block of the digital currency chain in order to allow more transactions in less time and with fewer fees to be executed and registered on the blockchain itself.

Right now, Bitcoin supports up to 2000 transactions per block in 10 minutes, but SegWit will be able to double this capacity up to 4000 transactions.

Read this infographic to know more about SegWit.

 

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

Amelia Tomasicchio
bitcoin price

Bitcoin Price Analysis and SegWit

While Bitcoin price is experiencing a new growth after the almost 50% drop from its all-time high, a few analysts of the crypto market suggest that bitcoin price at $4000 is in the air.

And this moment seems to come sooner than expected.

“When added to the professed agreement for major players to work together on the Bitcoin scaling issue starting September – if it becomes a reality, the price could see between $4,000 and $5,000 before the year ends,” said an expert to Cointelegraph.

2017 has been a good year for bitcoin price, as it traded at about $950 back in January and it reached its new all-time high a few months ago in June with a value of $3011: this means that bitcoin price grew of more than 3000% in a six-months period.

Compared to the all-time high we quoted above, the current price decrease is maybe due to the uncertainty around the upcoming SegWit activation that will take place on August 1st, 2017.

For those who are unfamiliar with this, SegWit is a new upgrade to the Bitcoin blockchain that will increase the block size to support more transactions and allow a faster confirmation for transactions.

At the moment, the blockchain supports up to 2000 transactions per block in 10 minutes and SegWit will double this capacity to 4000 transactions.

Also, Segwit2x will increase the size of each block from 1MB to 2MB.

SegWit will be implemented on August 1s, while it is not sure yet if Segwit2x will be implemented too.

That said, the real reason of uncertainty is caused by the hard fork needed to implement SegWit.

This might create two different chains in a similar way to what happened to Ethereum in 2016 with the DAO and Ethereum Classic.

Not a problem for the Bitcoin price

According to many experts in the industry, while this event might create panic sell and uncertainty within the community, will not be a real problem in the next future.

Kumar Gaurav of Cashaa explained to Cointelegraph:

“When looking at 2017 so far, it still has been a good year for Bitcoin, starting just below 1000$ and now standing just below $2,000. Whether and to which extent this overall trend will continue will be seen more clearly after some crucial dates such as 1st August. If 80% of the Bitcoin community adopts the updates all should be fine. It seems most likely this will be reached, as the current signaling of intended support is at 87.8 percent, an increase from 83.28 percent in May. Comparable to when in May, following the New York agreement on SegWit2x, Bitcoin reached an all-time high of $2,160, it can reach new all-time highs after a successful activation as Bitcoin will be more attractive again and bring users of other cryptocurrencies back to Bitcoin.”

Bitcoin-based ICOs

Another reason that might be influenced the price is the growing number of Bitcoin-based ICOs or Initial Coin Offerings.

ICOs managers might have cashed out during those days and this drove the prices because a huge amount of bitcoin appeared on the market.

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

Amelia Tomasicchio
bitcoin block size

Amir Taaki talks about Segwit, Ethereum and more

Amir Taaki is one of the first developers to start working on Bitcoin.

In two recent interviews on The Tatiana Show and The Crypto Show, Taaki explained his personal point of view on the current state of Bitcoin and the need to preserve digital currency’s core values.

Also, Taaki talked about a power struggle for the blockchain and his support for Bitcoin researcher Peter Todd and the various contributors to Bitcoin Core.

For him, the protocol development debate over Bitcoin is between those who think Bitcoin is a revolutionary technology to challenge central banks and those who simply believe it as only a payments innovation.

“With the Blockstream guys and Peter Todd, I have a lot of faith in those people. I was involved in Bitcoin since the very beginning, so I interacted with a lot of different people, I know what their personalities are, what their personal motivations are. I kind of think that most of the guys who are on that side have a pure intent, which is an intent for Bitcoin, not for their own personal gain, not to elevate themselves. A lot of them even existed in the shadows or even had the chance to gain power at different points but didn’t really fight to take power over Bitcoin.”

According to Taaki, people who cannot make informed decisions related to the changes to make on the Bitcoin protocol only need to look at those who are supporting each of the various proposals.

“When you have a guy like Peter Todd who is on one side and then you have people like Gavin Andresen and Roger Ver and other people on the other side, then it’s pretty clear which side to support. The developers who have worked on Bitcoin since its very beginning and got nothing personally out of working on Bitcoin — that work on Bitcoin because they believe in it based on principle — yeah I trust those guys,” explained Taaki.

Taaki quoted Gavin Andresen as someone who “tried to dominate the development process through titles rather than an organization of people and a governance process” because of his work at the Bitcoin Foundation.

Please note that the original Bitcoin Improvement Proposal (BIP) that explained the governance process for protocol development was a Taaki’s idea, although it has been replaced by BIP 2.

Bitcoin’s Main Values to be Preserved

Even if Taaki said that Bitcoin had just transcended “one really big power struggle for the heart of Bitcoin as a technology” during his speech at The Tatiana Show, SegWit2x was announced not long after this appearance.

“What me and Cody Wilson was — there was a side of Bitcoin that was just about [opposition to] the central banks and there was another side opposing that with different values to us. Basically, we’ve managed to get over that, and those values that were at the core of Bitcoin have been preserved. But it’s not enough to simply preserve Bitcoin as it is or what it is.”

According to Taaki, Bitcoin’s main values need to be preserved and also need to find their way in the Bitcoin Core codebase.

“It’s a dangerous moment because, if Bitcoin continues how it is, it’s just going to kind of meander around and then it’s going to fizzle out because it doesn’t pull people forwards toward something greater,” Taaki added.

Bitcoin vs Ethereum

Taaki also talked about his thoughts on the current state of Ethereum.

In his view, Ethereum is an example of developers going to their computers to escape the real world and creating toys instead of practical applications that can have an impact on the world.

“They’re developing a lot of cool toys, [but] it’s not really fulfilling a coherent need. That’s the biggest problem with Ethereum. I respect Vitalik for his technical knowledge, but there’s no social knowledge behind it.”

According to Taaki, he has always stuck with Bitcoin because it has “solved very real, practical problems that face humanity now.”

“Bitcoin is a political tool to actually change the society, to excise these real problems at the root of the society,” he said.

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

Amelia Tomasicchio
bitcoin in japan

Bic Camera: new merchants accept Bitcoin in Japan

A new electronics retailer decided to start accepting bitcoin in Japan as one of the available payment methods in all its shops within the country.

It is Bic Camera that began to accept bitcoin at several shops back in April, and that is now it is looking to expand this payment after seeing huge levels of demand from its customers.

The retailer is taking payments in the digital currency thanks to a partnership with the domestic bitcoin exchange called bitFlyer, so they can convert bitcoin into yen right after the acceptance.

Bic Camera sells a wide range of products, including cameras, computers and home appliances like fridges and washing machines.

News that Bic Camera is accepting bitcoin at more locations came after the Japanese government’s new regulations around digital currencies and the exchange services. Among those, for example, there is a legal definition for bitcoin as a kind of payment instrument and the decision to eliminate bitcoin taxation.

Also, this could be one reason why we might aspect a new growth in the bitcoin price in the next days.

Read more about Bitcoin in Japan here.

 

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

Amelia Tomasicchio
bitcoin regulation

Bitcoin regulation: EU to oversee digital currencies

Bitcoin regulation in Europe is moving forward after the decision of EU to fund a new tool.
This initiative about digital currencies surveillance is backed by $5m in funding from the EU and it involves a few government agencies and academic researchers including Interpol, Interior Ministries from Spain and Austria, Finland’s National Bureau of Investigation, and University College London.

In an official statement, members explained that the idea came because of the recent events of ransomware attacks all arount the world.

At the same time, those involved in the project argue not to violate user privacy rights.

“The consortium will analyse legal and ethical requirements and define guidelines for storing and processing data, information, and knowledge involved in criminal investigations without compromising citizen privacy,” said Ross King, senior scientist for the Austrian Institute of Technology (AIT) that is one of the research institutions involved in this project.

That the EU would take this approach is not surprising as they previously pushed aggressively for greater control on cryptocurrency users back in 2016, with the European Parliament following suit earlier this year.

Read more about bitcoin regulation in Europe by clicking here.

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

Amelia Tomasicchio
bet on bitcoin

Would you ever trust people who said “Bet on Bitcoin” in 2010?

bet on bitcoin

If you had bet on bitcoin in 2010, now you would be a millionaire.

In fact, according to a recent video shared by the CNBC, if you purchased $100 in bitcoin back in 2010 now y0u would have something like $75 mln.

During a relatively short period of 7 years, bitcoin price rose from $0.003 to its all-time high of $2392, so return of 796,000%.

The greatest part of mainstream media experts argues that bitcoin price is speculative because investors purchase bitcoin only because they expect a massive return in the next future.However, as Cointelegraph previously reported, prominent investors including GoldSilver.com founder Mike Maloney are encouraging investors to hold Bitcoin as a mandatory asset to hedge against inevitable global economic uncertainty and financial instability, not just as a large return investment.

However, as Cointelegraph previously reported, major investors suggest people hold bitcoin as a mandatory asset to hedge against inevitable global economic uncertainty and financial instability, so not just because of a large return investment.

Bitcoin is digital cash

In Japan bitcoin finally became a legal method of payment with more and more retailers and airlines that are starting to accept the digital currencies for payments.

Maybe it is for this reason that Japan is becoming the first country to invest in bitcoin, increasing the demand for the digital currency and driving its price.

On the other hand, bitcoin is seen as a “risky investment” because of its non-traditional nature by a few important magazines and media including the Washington Post.

Bet on bitcoin as a “Safe haven”

As revealed by a recent study published by Cointelegraph, a $10,000 investment in bitcoin back in 2010 is now worth $200 mln, while the same investment in gold led to a negative return of $9,900.

That said, I suggest to dedicate much effort to building a time machine, so we would be able to buy bitcoin at $0.003.

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

Amelia Tomasicchio
trump bitcoin

Bitcoin Price rose because of Trump

 

 

trump bitcoinAfter reaching a value of $1,840, Bitcoin price is currently stable around $1,820 while I’m writing this article.

The recent growth of the Bitcoin price seems to be affected by President Trump administration and the economic uncertainty of the US.

Or, at least, this is a theory shared on Cointelegraph.

From the first day of his presidency, Trump indirectly influenced bitcoin price through his dubious politics.

Also, Bloomberg reported that the major American stock indexes experienced their worst performance in eight months while the richest billionaires lost $35 billion because of the Trump’s turmoil.

For example, Amazon’s Jeff Bezos and Facebook’s Mark Zuckerberg lost almost $4 bln due to the Dow Jones Industrial Average drop of more than 370 points.
Evercore ISI Executive Dennis DeBusschere explained to Bloomberg:

“What has been setting in over the course of the day is that political uncertainty is something that’s likely going to be with us for a significant amount of time. We may be looking at a higher volatility backdrop with a trending lower market for the next couple of months.”

So, during this period of financial uncertainty, investors decided to protect their wealth by investing in bitcoin and gold.

Gold gained around 1.9% and Bitcoin price recorded a 7% growth, almost reaching its current all-time high price of $1,868.

This way, bitcoin seems to become a safe-heaven, with a growing number of investors.

As explained by Cointelegraph, a $10,000 investment in gold back in 2010 would have led to a loss of $20, while a $10,000 investment in Bitcoin would have led to a net gain of $200 mln.

So, investors started to trust Bitcoin, that is considered similar to digital gold, in order to avoid market instability and economic uncertainty.

The US market will struggle to recover during the next few weeks, so Bitcoin price is likely to maintain its upward trend and potentially it will set a new all-time high.

The rise in bitcoin demand within the US is clear and recently the US Bitcoin exchange market passed the Japanese one for the first time in 2017, at least for their trading volume.

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

Amelia Tomasicchio