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Creativechain Wallet on HolyTransaction

Creativecoin Wallet: HolyTransaction adds CREA

Creativechain Wallet on HolyTransaction
Do you want to open a Creativecoin wallet?

You are in the right place, as we at HolyTransaction decided to add this cryptocurrency among the crypto available on our multicurrency wallet.

So, from now on you can store Creativecoin on Holytransaction, transfer them to any other wallet, and make crypto-to-crypto transfers from/to Creativecoin, and ten more cryptocurrency’s networks.

All HolyTransaction customers can create a new address for their own CREA Wallet and use the user-friendly HolyTransaction Wallet platform to send and receive transactions or to instantly convert them to any other cryptocurrency we currently support.

Creativecoin Wallet features

Just like Bitcoin and all the other supported digital currencies, you can now:

  • Send Creativecoin to any address, even to addresses of other cryptocurrencies with instant conversion on the fly;
  • Receive transactions;
  • Exchange Creativecoin 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 Creativecoin 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.

What is Creativecoin?

Creativechain has created its own coin called Creativecoin (CREA), the first cryptocurrency designed to meet the needs of all creative communities that produce and distribute digital content.

Creativechain is a decentralized platform for the registration and distribution of multimedia content that proves in an indelible way the authorship and license of any work or creation.

Imagine a social network of content exchange like Facebook, Spotify or Youtube totally decentralized, without managers or intermediaries, without censorship and with its own P2P system of electronic money based on its own cryptocurrency.

The technological innovative proposal of this platform also directly challenges the centralized power of traditional systems of copyright management entities.

The platform applies the power of attorney of blockchain technology to create incorruptible timestamps that certify the authorship of any digital work such as photos, videos, films, texts, electronic books, software or any digitizable file. Creativechain is presented as a public and transparent alternative of intellectual property registration according to the new times, in which there are so much cultural production circulating on the internet.

Blockchain technology opens up a universe of possibilities for the registration and distribution of intellectual property without intermediaries. The power of attorney along with the decentralized p2p distribution of digital content create a new paradigm shift in the era of digital culture.

So, do you want to open your CREA wallet? Click here.

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

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bitcoin block size

Bitcoin Cash: HolyTransaction shares its position about the fork

Tomorrow is August 1st, the long-awaited date for the Bitcoin-blockchain upgrade. That’s why you are asking us: what’s about HolyTransaction and Bitcoin Cash?

This upgrade, in fact, will cause a hard fork and so the creation of a new chain (and so a new digital currency) called Bitcoin Cash. This will:

  • Increase the block size to 8 MB;
  • Remove SegWit, a code change that might activate on the bitcoin blockchain by the end of August.

HolyTransaction and Bitcoin Cash

So, our users are asking if HolyTransaction will support Bitcoin Cash within the multicurrency wallet.

HolyTransaction, in fact, would like to announce that should UAHF choose to increase the Bitcoin block size on August 1st, our customer platform will not support the new blockchain or coin on that date.

Due to technical complexities, time and quality assurance needed to implement a second bitcoin ruleset and blockchain we will not support it.

We currently consider Bitcoin Cash as another cryptocurrency, though Bitcoin Cash’s transaction history would be the same as bitcoin’s .

HolyTransaction supports UASF

A few days ago, we shared a blog post in support of UASF or User Activated Soft Fork.

It is a system 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.

Click here to read more about UASF.

We know that some users are curious to see what happens with Bitcoin Cash, but we are currently not supporting this altcoin.

 

Let’s see what happen and happy trading!

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
buy bitcoin sign

Buy Bitcoin Sign appeared at Congress

When Federal Reserve chair Janet Yellen testified at the Congress today, one attendee showed a buy bitcoin sign.

Yellen appeared before the House Financial Services Committee to talk about the state of the US economy and field questions from committee members. As chief of the US central bank, Yellen also spoke about a recent semi-annual report delivered to Congress by the Fed.

As chief of the US central bank, Yellen also talked about a recent semi-annual report delivered to Congress by the Fed.

While Yellen was expressing her willingness to raise interest rates amidst a healthier economic climate (following years of near-zero rates instituted in the wake of the 2008 financial crisis), there was one attendee who captured media coverage because he held up a buy bitcoin sign behind Yellen.

A screenshot of the event was tweeted by CNBC Steve Kopack, and later shared by other people who have been watching Yellen’s testimony.

buy bitcoin sign

The identity of the man who held up the buy bitcoin sign is not clear yet.

Yet in a follow-up tweet, Wall Street Journal national economics correspondent Nick Timiraos reported that the individual, along with another, had left the room “after a staffer made some instruction to them.” Video published by Bloomberg shows the two individuals being spoken to by a staffer.

Yellen, who told in 2014 that the Fed “doesn’t have the authority to supervise or regulate bitcoin in any way” – remarked that she believes that the blockchain is an “important technology”.

Thanks to her work, the Fed decided to publish some of its internal researchers into the distributed ledger tech, releasing its first report on the topic back in December.

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

Amelia Tomasicchio
bitcoin meetup

Bitcoin Meetup in Rome with Riccardo Casatta and more

bitcoin meetup

On July 10th, a new Bitcoin meetup will be organized in Rome thanks to the Blockchain Education Network Italia. 

This bitcoin meetup aims at spreading the word about the blockchain and being a meeting place for all the enthusiasts of the distributed ledger and digital currencies.

The evening will host different meetings with two major experts in the industry:

After their speeches, there will be a pitch with a few startups that work in the industry and free networking with pizza and beer for free.

The event is free, but in order to have access you need to register yourself on Eventbrite here:
https://www.eventbrite.it/e/biglietti-blockchainedu-meetup-roma-35736918084

Click here to read more about this bitcoin meetup: https://www.meetup.com/Bitcoin-Generation-Roma/events/241266421/

This event is sponsored by HolyTransaction.

 

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

Amelia Tomasicchio
debt notes

Kazakhstan’s Central Bank to use Blockchain for Debt Notes

The National Bank of Kazakhstan announced it is looking to test blockchain technology in order to sell short-term debt notes.

In an official statement published today, the Kazakhstan central bank revealed its plan to launch a new mobile app that to sell the short-term debt notes to investors– denominated in amounts worth 100 tenges (the national fiat currency) – without relying on third-party brokers.

At the moment, this app is being tested within the bank, and its launch is expected by the end of 2017.

In the long term, the Kazakhstan bank commented that the app could be used to make initial public offerings (IPOs) easier.

Also, the financial institution explains it wants to work with the country’s banking industry on possible future versions and uses.

“In this area, the project will continue to search for additional solutions, including the involvement of commercial banks,” the statement explained.

The Central Bank explained that it has been looking at the distributed ledger for potential applications since 2016.

A few months ago, regional news source called Tengri News reported that officials were studying possible blockchain use cases, especially those focused on payments.

Read more about blockchain-related projects developed by banks.

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

Amelia Tomasicchio
blockchain passports

Blockchain passports to be used in Dubai

A new project related to blockchain passports is being developed by the Dubai government and the English startup called ObjectTech with the main objective of improving security for the Emirate’s airport.

A few days ago, ObjectTech announced that it is working together with the Dubai Immigration and Visas Department to create blockchain passports to potentially eliminate manual checks at Dubai International airport.

This system exploits biometric verification and blockchain technology in order and it will use a “pre-approved and entirely digitized passport” in order to easily and safely authorize travelers’ entrance into the Emirates.

Also, thanks to blockchain passports, people will be identified through a 3D scan via a short tunnel while they walk from the aircraft to claim their baggage.

Thanks to the use of a distributed ledger technology (it’s still unclear what blockchain will be used), ObjectTech explained that passports will contain a feature called self-sovereign identity for privacy protection, which it allows travelers to control which parties can view their info.

Co-founder and CEO of ObjectTech, Paul Ferris, wrote a blog post where he explains that the company aims at making the border process quicker and safer, and also giving passengers full control of their digital data. A pilot program is anticipated to be ready by 2020, although a detailed project timeline remains unclear.

A pilot program will be ready by 2020. 

Dubai is not new to this kind of projects. A few months ago, in fact, Dubai government revealed its idea to solve immigration issues with the blockchain.

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

Amelia Tomasicchio
blockchain id

Luxemburg to launch a Blockchain ID platform

blockchain idLuxTrust, together with a Massachusetts-based startup and the support of the Luxembourg government, is building a new Blockchain ID platform.

Announced today, the project sees also the participation of the US startup Cambridge Blockchain.

 

Luxembourg owns two-thirds of the LuxTrust company, and the rest is handled by a consortium of banks and financial institutions that utilize the service itself.

LuxTrust is now working on how to integrate the blockchain, paving the way to its 500,000-strong subscriber base to use the distributed ledger in some capacity.

According to Matthew Commons, CEO of the Cambridge Blockchain, this partnership was born thanks to an initial conversation about blockchain ID.

“By combining LuxTrust’s current certified services such as authentication, signature and document management with our innovative blockchain-based enterprise software, our collaboration will deliver the future of digital identity for Europe and beyond,” he explained to Coindesk.

The Blockchain ID platform will be rolled out during the next few months, in what Commons called something like a “soft launch”.

He explained that one of the most important reasons for the creation of the Blockchain ID platform is the data-centric regulation (including the European General Data Protection Regulation) that are due to come in mid-2018.

“Working with Cambridge Blockchain allows us to augment the scope of identities, including any attributes, and will enable users to share personal data fully respecting the increasingly stringent European regulatory framework,” commented LuxTrust’s CEO, Pascal Rogiest.

Back in February 2017, the Cambridge Blockchain company raised  $2m in a funding round, receiving support by VC firms Partech Ventures and Digital Currency Group. Commons also explained that his startup wants to complete a new Series A round by the end of 2017.

That said, we’re very happy to read about the Luxembourg government involvement in a blockchain-related project since HolyTransaction is based here.

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

Amelia Tomasicchio
bitcoin regulation

Bitcoin regulation in Europe: “it’s too early”

bitcoin regulation

During a recent event held by the European Parliament, members talked about new technologies including the Blockchain and Ethereum and Bitcoin Regulation.

According to them, the European Parliament will have to regulate and monitor the new tech but “it’s too early to intervene at this stage, because we as legislators don’t yet see sufficiently clearly to know what the main issues are going to be – so in order to not to stifle innovation, we don’t want it to be now.””, said MEP Jakob von Weizsäcker.

So, the EU wants just to monitor blockchain and smart contracts in order to allow developers doing their job.

Also, MEP Eva Kaili from Greece explained that regulation is necessary to protect citizens, but EU doesn’t want to suffocate innovations.

“[In] 2008 when the crisis started in the European Union, especially in my country [Greece], people lost trust in banks and in the politicians. I woundn’t blame them because we didn’t protect them and the reaction was that some young people that we don’t really know discover this technology that actually makes unnecessary to have banks, politicians and intermediaries. So the potential is there, but it is still under progress”.

Also, she continues by saying the following:

“Blockchain is not just bitcoin and bitcoin is not just blockckhain. We need to understand how to protect citizens because if we help them trust this technology, they will actually start to using it. I do believe that banks will outsource a lot of their services,” she said.

Bitcoin regulation to regain trust by citizens

“We’ll have to educate citizens on how to use it […] Hopefully, [bitcoin regulation] will come and we’re going to try to protect the technology and not to stop it. I know that usually politicians and banks don’t want to change and they want to keep control, but I think this technology is unstoppable and we have to give control back to the citizens and maybe this way we can regain some trust,” Kaili argues.

Watch the full conference video here.

 

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

Amelia Tomasicchio