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4 places where Bitcoin can actually be used, Holytransaction

4 Places Where Bitcoin Can Actually Be Used

4 places where Bitcoin can actually be used, Holytransaction

Bitcoin has transitioned into a stage of its evolution at which it is viewed almost entirely as a commodity. We discuss how to store it, compare it to gold, consider its long-term value, and generally treat it as a financial asset – even, to some extent, like a stock. This is perfectly appropriate given that the cryptocurrency’s volatility, as well as constantly wavering government positions on regulation, have kept it from being adopted as a widely used currency. The argument is over as to whether it is “more” currency or “more” commodity. It is the latter.

What sets bitcoin apart in some respects though is that it never did have to be one or the other. Consider the comparison to gold again. You may hold a stash of gold as a long-term protection of a chunk of your assets, and with the hope that it will appreciate in value. But you can’t exactly buy something online by chipping off a piece of gold (which in most cases you don’t even hold in a physical sense) and handing it over. This is true of most major investable commodities – but it is not true of bitcoin. As you’re likely aware, there are still places that it can be used like ordinary money, even though it is best viewed as a long-term vehicle.

For those interested, the following are among the most noteworthy places you can actually use the cryptocurrency for practical purposes.

1.) Travel Booking Websites

Bitcoin made something of a loud entry into the travel booking business when it was accepted by Expedia and Air. These were among the biggest or at least best known companies to embrace cryptocurrency early on, and even though Expedia has since renounced cryptocurrency, the notion of using bitcoin for travel-related costs caught on. Travel platforms accepting bitcoin or other cryptocurrencies still include various air travel and hotel booking companies, which means people are free to address what are often some of their biggest expenses in a given year via cryptocurrency.

2.) Microsoft Gaming

Fairly early on in bitcoin’s expansion to the mainstream, it was attached to video games, not necessarily through Microsoft so much as Steam. An online service that allows people to download a gigantic range of games, Steam was in some ways a perfect vehicle for purely digital transactions. However, the services topped accepting bitcoin due to volatility. In the meantime, Microsoft kept right on accepting cryptocurrency and is now one of the more significant companies doing so. In particular, Xbox-related purchases through Microsoft platforms can be conducted via bitcoin.

3.) Gaming

gaming is an interesting category, because it is almost like its own separate gaming industry. It’s comprised of and table games, digital slot arcades, roulette, and more, and in some cases a site will also have an included sportsbook. Payment options vary greatly, with some sites requiring credit card information and others using payment processors; in some cases, games are presented for free play as well. However, there is now a small but growing list of online sites that do take cryptocurrency deposits, and which also issue crypto payouts. It’s not a stretch to say that in short time bitcoin could be the norm for this particular form of entertainment.

4.) Shopify

Shopify is a more specific mention here, but feels like one of the more significant areas for bitcoin adoption, simply because it represents a busy, peer-to-peer marketplace. The fact that bitcoin can be used to buy goods via Spotify indicates that in some cases people prefer it when dealing with other people, rather than companies, and opens the door to all kinds of potential crypto marketplaces in the future.

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

Jack
Shares or Cryptocurrencies, Holytransaction

Battle of ROI: Should You Invest in Shares or Cryptocurrencies?

Shares or Cryptocurrencies, Holytransaction

Investment opportunities are a dime a dozen in the digital world, but unsurprisingly, cryptocurrencies are among the most interesting prospects aspiring investors are looking at. Unlike their traditional counterparts such as gold, stocks, traditional currencies, and other, cryptocurrencies and the blockchain platform they reside on offer a chance at the big leagues for any investor that makes the right move at the right time. However, that doesn’t mean that established assets shouldn’t be ignored.

Bitcoin has turned eight years old this year, and the now mature digital asset has had a strong ROI rate throughout its life, fueled by its constant and steady adoption around the globe. With outstanding payouts that topple some of the most lucrative investment assets on the market, it’s time to take cryptocurrencies more seriously.

However, there are a number of factors that make shares a strong and secure investment opportunity that cryptocurrencies might not be able to match. Let’s consider the market trends and help you discern between shares and cryptocurrencies as viable investment prospects.

The potential of the cryptocurrency market

Through trial and error, through success and failure, Bitcoin has become a sound investment portfolio option. Out of the six previous years, Bitcoin has yielded a great return on investment and will only continue to rise in the months and years to come. With the computational networks becoming more secure and stronger than before, and with the coming of flexible and reliable wallet services, it only stands to reason that modern investors should look towards cryptocurrencies as viable investment opportunities.

Even though investors have had difficulties penetrating the market over the years because of the inherent volatility of the market and the unpredicted growth and fluctuations, modern market trends indicate a more secure investment arena for the upcoming period. The increase in market liquidity, regulatory oversight, and overall security is making Bitcoin and other cryptocurrencies more appealing to investors worldwide, as well as countries willing to adopt the cryptocurrency as a new method of payment in select instances.

A case for the stock market

The stock market is a veteran among investment assets and remains one of the most stable markets on the planet. Buying a share in a company that is operating profitably will grant you smaller or greater returns over a number of years, depending on the fluctuations in the market and the worth of the company’s stocks. You can choose to invest in a range of businesses varying in size and equity though a broker or an investment fund.

Over the last year, though, profitable small cap stocks have made a boom in the industry and created a lucrative investment arena that aspiring investors should take into consideration when planning their next big move. Even though major tech companies continue to garner the attention of the investment world, small cap stocks prove to be an easier way into a stable market and show a great potential for grand financial returns in the years to come. However, financial return should not be your only guiding star.

Regulation and governmental oversight

One of the greatest concerns for any investor is whether or not the market in question is safe and stable enough for storing assets without them vanishing into the abyss with no prior warning. It’s a well-known fact that the cryptocurrency market is not regulated by any traditional means, but rather is was envisioned and still serves as a public ledger that works as a decentralized data management system – a system where every transaction is stored.

This means that the cryptocurrency market is not regulated by any governmental body, nor is it recognized by legislature or financial institutions. As such, cryptocurrency transactions cannot be influenced, capped, reserved, or identified by third parties. However, this creates a possibly volatile investment environment the stock market is protected from.

The stock market is one of the safest investment markets in the world. The fact that it is extremely well-regulated by federal law and financial institutions ensures a higher level of security and accuracy, while the strict vetting process for participants from both sides ensures transparency for investors. All of this works together towards creating a safe investment arena, and it also helps make sound forecasts in terms of market fluctuations, giving more control to the investor.

The security of assets on the blockchain

With all of that said, it’s important to note that Bitcoin has never been hacked, nor is it likely to get hacked any time in the future. The projected amount of computing power and time needed to crack into individual transactions and wallets is almost impossible to replicate in real-life scenarios, and so blockchain stands tall as the most secure platform on the web.

While it is true that Bitfinex and Mt.Gox have been hacked in the past, nowadays the cryptocurrency game offers far more superior security options to its investors. With cryptocurrencies, the assets you store in your wallet are safe. This cannot be said for other investment assets, as every digital trading game has its set of liabilities and risks the hackers can exploit.

 

Investors are constantly looking for emerging opportunities and lucrative assets that will yield a high ROI over a specified number of years, and both the stock market and the crypto market offer a good chance of a high return on investment. That said, the stock market offers a more stable and well-regulated investment arena, whereas cryptocurrencies offer extreme returns to those who invest in the next big project.

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

Jack
Storing crypto at the exchange or in a wallet, Holytransaction

What’s Wiser: Storing Crypto at the Exchange or in a Wallet?

Storing crypto at the exchange or in a wallet, Holytransaction

Exchanges are the entry gate for newcomers in the crypto world. Apart from direct deals which are pretty rare at the moment, these platforms represent a great option to get some cryptocurrency for fiat money. But are the exchanges fully secure?

Surely, websites are pretty convenient and user-friendly as they are targeted on different traders including total newbies. But their security isn’t ideal. Just remember the hack of Coincheck in January 2017 or the famous history of Mt.Gox’s rise and fall.

Despite threats and risks, some crypto investors keep their money at the exchanges’ in-built storages. Others prefer private wallets. Who is right? Let’s try to figure it out and reveal where your coins will be safer.

Basics of storing crypto

Crypto isn’t tangible as fiat money. It exists online and records transactions by using blockchain. For storing assets, you can use in-built storages at the exchange platforms and crypto wallets which are unique addresses and can function both online and offline.

Each wallet consists of public and private keys. Public keys can be compared to email addresses – in order to receive some coins, you have to share this number with a sender. Private keys work like a password, as only the owner knows them. They can be subjected to frauds which is why it’s essential to secure your crypto as much as possible.

Storages at the exchanges – easy to use but vulnerable

Centralized crypto trading platforms which allow users buying and selling various coins are similar in one: they control accounts by not disclosing private keys to users. Сustomers just have to trust exchanges in keeping their coins secure. Of course, large projects like Coinbase, Binance, or CEX.IO have strong security teams and offer offline storages and multi-signatures to protect users’ funds better. But they also can be a sweet spot for hackers who focus on big-volume websites. Any reputable guide will warn you about the dangers of storing coins this way.

Cryptocurrency exchanges are vulnerable to market manipulations and can be hacked even when they have all the security measures needed. While choosing a platform to trade at, check hacking statistics, explore different opinions and overviews to be sure that the website you’ll be using cares about keeping your funds safe.

Apart from the problems with ownership and security, there’s an issue with the lack of regulation. Your coins aren’t totally protected as long as your country doesn’t move to the crypto legislation. While influential countries like China ban crypto activities, the market remains highly unstable which affects the level of security.

Keeping crypto at the exchanges has its advantages, too. These platforms are really convenient in terms of using the funds for trading. Customers like doing everything in one place: buying crypto with fiat (this option is not available everywhere, though), selling or trading coins. Using crypto-to-fiat exchanges like Kraken or CEX.IO, you can perform different actions at once.

Briefly summarizing, in-built storages at the exchanges are very convenient, especially when you don’t want to lose time and effort on setting up a wallet. But it’s better to keep coins there only for active trading, as there are no solid guarantees that your funds will remain safe.

Storing in wallets – various options

The level of security varies depending on the wallet’s type. Similarly to exchanges, you can store coins online or offline: the first option is represented by web-based and software wallets, while the seconds one is about paper and hardware ones.

Hot wallets

Web-based wallets are connected to the Internet. Desktop and mobile ones can be installed offline, but for their security not to be compromised, you need to keep them on a spare device with no access to the Internet. The main advantage of hot wallets is that they allow transferring money anytime and very quickly which is especially beneficial for active traders.

As for drawbacks, such systems are extremely vulnerable to fraudsters and phishers, no less than exchanges. It’s not recommended to use them for large amounts of crypto. If you’re still going for hot wallets, make sure you realize what risks it entails. Use it for day-trading or petty cash and avoid common mistakes: not calculating fees or spending unconfirmed outputs.

Cold wallets

Unlike the first type, these systems work offline which makes them practically immune to hackers and frauds. The most secure wallets are paper and hardware ones. Using the paper type is easy and free, but it holds risks of damage (paper can easily be destroyed) and the human factor (users can simply forget where they’ve put their wallets).

Hardware wallets that function as a flash drive are the most flexible: you can connect them to your device any time you want to perform a transaction and you can do it as many times you need. There’s one notable flaw, though – hardware devices are not free. For wallets like Trezor or Ledger, you’ll have to pay about $100. Also, they may be not that easy to use, but this is not important in contrast to the security they offer.

Final tips

If you’re planning on having active and diverse crypto activities, it’s advisable to combine both approaches to crypto storing: keep your main funds offline and have some money at the exchange. While dealing with hot storage, choose trusted platforms and wallets, enable two-factor-authentication, don’t open suspicious links that might look like actual services. As an additional measure, write your private keys down – keep this backup in a place only you can access, and do the same with paper wallets.

Risks related to storing crypto bring the issue of trust to the foreground: while centralized systems designed to work with decentralized currencies often fail to guarantee a perfect security level, it indicates the need for a new approach which would be more relevant to the very idea of crypto.

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

Jack
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
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
Investing in ico, Holytransaction

What to Consider Before Investing in ICO in the second half of 2018?

Investing in ico, Holytransaction

After the success of the very first cryptocurrency, Bitcoin, many investors are now looking for the next big opportunity to invest in. Bitcoin opened the market for more cryptocurrencies and newest blockchain technologies to develop and grow. Nowadays, Bitcoin has seen better days, while there are over a thousand different digital currencies on the market. That being said, Ethereum is taking the lead on the market with their cryptocurrency called Ether and their newest blockchain technology development and implementation.

However, investors can’t sit and wait for years until a new company with their innovative idea starts to grow on the market. Instead, they are trying to predict the next important opportunity and invest in the initial coin offering (ICO) behind that opportunity. That way, they don’t only get to be the first to support the next revolutionizing cryptocurrency, but they also get to earn a considerable return on investment. Still, that’s easier said than done, due to the market’s volatility and unpredictability. Therefore, here are a few things to consider before investing in ICO in 2018.

What exactly is an ICO?

Initial coin offering, or ICO, is a way for companies to attract investors by offering their cryptocurrency tokens in exchange for support and funding. Simply put, it’s a fundraising method for companies to finance their new projects, by offering their tokens in exchange against other cryptocurrencies, such as Ether and Bitcoin. ICO are also similar to initial public offerings otherwise known as IPOs.

Companies sell their stocks to the public, in order for their shares to be traded on the stock exchange market. However, IPOs offer stock to the public with a security exchange, whereas ICOs are still unregulated and there are no procedures that can validate a company’s or their token’s credibility. That’s why it’s important to take your time to plan out your investments and consider your options carefully.

Conduct thorough research

Before you decide to invest in any ICOs, you have to conduct thorough research first. As mentioned before, ICOs are highly unregulated so far, which means that a bad call can cost you your entire investment. The popularity of the digital currency market has made it possible for various companies to promote their own projects and their unique cryptocurrencies. This trend has led to over a dozen ICOs being offered each day.

However, not all companies have their own blockchain technology like Ethereum. As a matter of fact, many new projects are based on existing blockchain technologies. This makes it difficult for investors to spot out good projects with the potential for considerable ROI. That’s why you must plan your investment and research the ICOs available on the market. For instance, you can check out reliable sources, such as The Blockchain Review, which can offer the latest information about the current ICOs on the market and their overall performance.

Read the whitepapers

After you’ve found a company with an ICO worthy of investing, you should take time to read their whitepaper. The main reason is that many companies haven’t even started their project yet and their whitepaper is the only thing that describes the company and their undertaking. The company itself 

might appear interesting enough to invest in, but you must be sure that it’s not, in fact, a scam. That’s why you should take your time to read their whitepaper thoroughly. The better you understand the company and their goals, the more you’ll know about whether to invest or not.

The key points you should be on a lookout for are company’s description and main information, the problem they wish to approach with their project and the solution they offer for that particular problem. Also, make sure you check out their product description and how they plan to implement, as well as commercialize, their tokens. What’s more, you need to keep an eye out for their token value and its distribution, as well as how their tokens differentiate from others on the market. Most importantly, check out their legality and how they use the funds obtained from their ICO.

Know more about the company

Doing your research and reading whitepapers is only the beginning. You have to be absolutely certain that the company you’re about to support with your investment is worth it and that you’ll actually profit from your investment. That’s why you need to learn as much as you can about the company you’re about to deal with. For starters, check out their website. You must evaluate every aspect ranging from the website design and security all the way to information a company has available on their website.

In addition, check their online activity and their presence, in order to determine how much effort a company is placing in promoting themselves. Moreover, check out their partners. That will give you insight into which system is a company using, as well as which electronic platforms they are partnered with. Checking out the legitimacy and credibility of a company demands time and effort. However, it will help you minimize the economic risks and ensure your investment is not in vain.

 

Investing in ICO can prove to be a lucrative strategy for investors. There are various ICOs on the market, but not every one of them has the potential to be the next big cryptocurrency. That’s why it’s important to do your research well and take time to consider all the important factors before you make an important decision.

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

Jack