Category Archive: wallet

Staking PIVX: Staking PIVX on HolyTransaction Wallet

pivx staking holytransaction wallet
Staking Coins: Staking PIVX

PIVX is a privacy-focused cryptocurrency that stands for “Private Instant Verified Transaction“. It is a fork of another cryptocurrency, Dash. Like Dash, PIVX is also used proof of stake for consensus. This means that there are opportunities for earning PIVX just by owning PIVX. This contribution to the network helps fund the verification of transactions and the creation of new PIVX coins. You can think of this as earning interest on your coin or as a dividend on your investment.

Stake PIVX on HolyTransaction Wallet

HolyTransaction.com is excited to present to you the launch of our new staking service. You can now leverage Proof of Stake (POS) holdings to safeguard crypto networks while earning financial rewards. Staking PIVX has become much easier with HolyTransaction!

How to Stake PIVX

The first step is to register on HolyTransaction.com to get your PIVX web wallet. The official PIVX wallet is available for Windows, macOS, as well as Linux. Android and iOS versions are also available, but these versions do not yet include staking functionality.

After accessing the HolyTransaction wallet, you must wait for your PIVX deposit to reach the minimum number of confirmations for the synchronization to finish. If you move your PIVX in staking before the next rewards distribution is done, your wallet will receive less rewards according to the mininum PIVX held in that time frame.

Once the PIVX address on Holtransaction has received the transaction, you will start staking yourself some PIVX. Your coins must have at least 101 confirmations. These coins are referred to as mintable coins. The number of confirmations on your transaction can be viewed in the history of your account. Once your coins are mintable, you will then be able to stake them and start receiving POS rewards, you can see your rewards in History -> Distributions. Staking can sometimes take as long as 24h to begin once all the prerequisites are met. If staking does not begin after some days, you should wait until you start minting blocks in your wallet.

Risks and Benefits of Staking PIVX

The more PIVX you stake, the more rewards you get. If you have over 10,000 PIVX, this qualifies you as a masternode. This allows you some say in how the PIVX network operates and also qualifies you to receive additional rewards. Masternodes can earn up to 10% of their stake.

You can stake your coin without being online 24/7, but you will not be eligible for staking rewards while your system is offline. Unlike some other proof of stake coins, PIVX does not consider the age of the coins or the amount of time they have been staked. PIVX only considers is your PIVX balance.

Conclusion

HolyTransaction staking wallet makes it much more user-friendly to stake your POS cryptocurrencies. PIVX has great passive income potential, especially for those who hold over 1000 PIVX, this designation greatly increases the rewards you receive. To begin staking PIVX start by depositing your coins in your HolyTransaction Wallet.

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

Satoshi

Staking GRC: Staking Gridcoin on HolyTransaction Wallet

gridcoin grc staking holytransaction wallet

Staking Coins: Staking Gridcoin

Gridcoin is a cryptocurrency with ambitions of advancing scientific research. It was originally a simple hybrid of proof of work and proof of stake but now has developed its own custom mechanism blending elements of the two. New coins are created using Proof of Stake, but the number of new coins created depends on how much processing power was used for BOINC.

Stake Gridcoin on HolyTransaction Wallet

HolyTransaction Wallet is excited to present to you the launch of our new staking service. You can now leverage Proof of Stake (POS) holdings to safeguard crypto networks while earning financial rewards. Staking GRC has become much easier with HolyTransaction!

Rewarding citizen science on top of Proof of Stake

According to the PoR mechanism, If a node contributing its hash power to a project that has been whitelisted on the Berkeley Open Infrastructure of Network Computing (BOINC), that node will receive GRC coins corresponding proportionally with the amount of the work done by the node. The BOINC list contains projects of scientific importance that require a supercomputer but don’t have access to one. Of these projects, Gridcoin users vote on a subset of them to be whitelisted for contributions of computing power. Gridcoin, therefore, gives people all over the world the ability to contribute computing power to any of these projects and contribute to scientific research. You can also generate income by running Gridcoin in what the Gridcoin project calls “investor-only mode.”

Investor-Only Mode

Investor-only mode is what the Gridcoin project calls it when you setup earns proof of stake interest as opposed to the DPOR (proof of research) payments that “crunchers”—those who contribute computing power receive. You will only need to install the Gridcoin client and will not need the BOINC client.

Setting up the Client for PoS Rewards

The first step to setting up a Gridcoin client for investor-only mode is to install the Gridcoin Research client. The client is available for Windows, macOS, and several flavors of Linux including Debian, Arch Linux, OpenSUSE, and Fedora. Once the client has been installed, you will want to sync with the Gridcoin blockchain. This can take between several hours to a couple of days, depending on your internet speed. A green check on the connection bar indicates that the synchronization is complete. At that point, you can unlock your wallet for “staking only.” It can take up to 16 hours for the staking to begin. Running the Gridcoin client at all times maximizes your potential for income. Anytime the client is offline, you could miss an opportunity to mint a block.

The higher the balance you have, the higher the chances that you will get to “stake” a block. This is only a result of the fact that a higher balance gives you more chance to mint Pos blocks and thus you get a payout more often. While you can theoretically stake with any number of coins, you can only reliably stake with at least 2000 coins and the Gridcoin project itself recommends at least 5,000. The miners who contribute computing power to these projects come in two varieties—solo and pool. Pool miners earn research rewards whether they stake or not, but solo miners must stake in order to get paid.

Conclusion

Gridcoin provides a way to contribute to important scientific research and earn passive income while doing so. Even those who only stake coins and don’t provide actual computing power to these projects contribute by securing the network and helping the Gridcoin ecosystem. All you need to start staking Gridcoin is to deposit GRC in your HolyTransaction account.

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

Satoshi

Staking BLK: Staking Blackcoin on HolyTransaction Wallet

blackcoin blk staking holytransaction wallet

Staking Coins: Staking Blackcoin

Introduction

Blackcoin is a proof of stake-based coin. Blackcoin actually started out in life as a proof of work cryptocurrency but became a proof of stake coin after the 10,000th block was mined. Blackcoin claims in its whitepaper that it was the first cryptocurrency to use a pure proof-of-stake-based protocol on Bitcoin code. Blackcoin provides many of the same features as other cryptocurrencies, including decentralization and a high degree of transparency. It also offers great opportunities for passive income for staking your coins.

Stake Blackcoin on HolyTransaction Wallet

HolyTransaction Wallet is excited to present to you the launch of our new staking service. You can now leverage Proof of Stake (POS) holdings to safeguard crypto networks while earning financial rewards. Staking BLK has become much easier with HolyTransaction!

How to Stake Blackcoin

The process of staking is initiated by not moving your BLK for at least a period of 8 hours while keeping your node syncronized with the Blackcoin network. Your earnings are proportional to the number of coins that you have—the more coins you have, the more you earn. The amount of time you keep your wallet open for staking also has an effect on your block rewards.

Risks and Benefits of Staking Blackcoin

Blackcoin has improved its block time from 60 to 64 seconds. Blackcoin had previously used the scrypt protocol for its hashing algorithm, but this was changed to SHA256d. Blackcoin’s reliance on proof of stake gives it an edge in performance over many proof of work cryptocurrencies. When it comes to retail applications, where transactions cannot take an hour to fully confirm as with Bitcoin, proof of stake cryptocurrencies like Blackcoin are better suited for this role.

Conclusion

Staking your Blackcoin will earn you a reward of between 1% and 8% of the total amount of coins held in your wallet for one year. You just need to deposit BLK in your HolyTransaction account. Wait for 24h to start staking Blackcoin and visit History -> Distributions to see your POS rewards.

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

Satoshi

Staking PPC: Staking Peercoin on HolyTransaction Wallet

peercoin staking ppc holytransaction wallet

Staking Coins: Staking Peercoin

Bitcoin and many other early cryptocurrencies use a consensus model known as proof of work. This requires powerful computers to perform cryptographic problems that verify transactions on a blockchain. Peercoin originated an alternative to this that is used in many cryptocurrencies.

Proof of Stake Originator

Peercoin introduced the concept of proof of stake, an alternative to the proof of work consensus model. In its initial stages, proof of work played a large part in the consensus model since it was a fork of Bitcoin. But the original proof of work-dominated model has almost fully given way to proof of stake. This is more environmentally friendly, removes the need for purchasing expensive mining equipment and allows transactions to be performed a lot more quickly than on proof of work blockchains.

Stake Peercoin on HolyTransaction Wallet

HolyTransaction Wallet is excited to present to you the launch of our new staking service. You can now leverage Proof of Stake (POS) holdings to safeguard crypto networks while earning financial rewards. Staking PPC has become much easier with HolyTransaction!

How Does Coin Staking in Peercoin Work?

This act of generating a new block is called minting, however staking is a more popular term today. In Peercoin’s implementation of proof of stake, each node tries to find a new block each second. If the block is valid and backed by sufficient coinage (coins*days), it is accepted by the network. Nodes are only eligible to find new blocks when their coins have been in a wallet for 30 days. Their odds of finding valid blocks go up with the age of the coin until it reaches 90 days, at which point the probability is maxed out. Once a node finds a new block, new PPC are then minted and, for each new block, that node gets a block minting reward. After a new block has been minted, the age of the coins in the node’s address that are involved in the minting is reset. The address will then not be eligible to be chosen based on those particular coins until 30 days have passed. Staking your Peercoin assets does lock them up from being spent or moved. However, you can sell or spend the PPC at any time—you will just lose the opportunity to mint new blocks.

Advantages of Staking Coins with Peercoin

Why stake Peercoin and not other cryptocurrencies? The return on staking is lower with Peercoin than with most other proof of stake cryptocurrencies. Vast majority of economic studies shows that ideal inflation is 2-3%. However, Peercoin is serious about keeping inflation low, currently at 3.33%. Peercoin’s reliance on proof of stake means that it should not suffer from the same scalability problems that have plagued proof of work platforms like Bitcoin. This means quicker transaction times and an overall better experience for retail and vending applications—which means great potential for the coin’s success in the future. You can learn more about its ecosystem in the Peercoin Primer video series.

Conclusion

Peercoin was the originator of proof of stake in its whitepaper, even though it took some time for proof of stake to actually make its way into widespread use on the blockchain. Staking Peercoin and its minting process presents a great opportunity to earn coin that will, in turn, earn you more coin. All you need is just to deposit PPC to start staking on your HolyTransaction wallet.

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

Satoshi

10 Tips To Start Security of Crypto Wallet With Less Than €100

Ten tips to trade crypto, Holytransaction

If you want to be a successful trader, you need to know about cryptocurrency wallets and different ways to keep them safe. Cryptocurrency wallets are more of software, primarily designed to store crypto keys.  Assuring the safety of a wallet is highly important to keep your coins safe on a wallet.

This post introduces you to ten advanced ways to protect your coins safe on wallets in less than 100 dollars.

Let’s get started!

Opting for Multi-Signature

Multi-Signature can be a great way to keep your Bitcoin wallet safe and secure. What does it mean? It is a process to decide the legitimacy of the transaction by verifying it from two to five people.

You can get access to the Bitcoin wallet, but the withdrawal of funds is possible only if 3 to 5 people validate the transaction. The multi-signature facility of the bitcoin wallet gives a user complete control over his money and leaves no scope for scams.

Two Factor Authentication Process

The two-factor authentication process is one of the most effective ways to ensure the safety of your wallet, as it requires two pieces of information to give access to the wallet. If someone tries to get access by guessing passwords, it won’t be possible without the other factor.

You can set up 2FA for your wallet in different ways. You can take advantage of Google authentication, which involves a six digit number that changes after some time, but you know it. As all wallets do not offer two-factor authentication, you can use a popular solution- biometric, which involves your fingerprints.

Gone Phishing – Email and Web

The crypto world has been a victim of  Phishing scams through Google Ads and emails. Therefore, you need to ensure that only those companies that have that have their domain spelt correctly, send you emails. Refrain from finding their web addresses clicking on Google ads. If a hacker manages to get your private key, you are likely to lose your funds.

No to auto-updates

Experts recommend to turning off auto-updates provided by crypto applications. Account holders can suffer potential loss due to application bugs. You should wait for some time after the releasing of an update to check if there are any bugs or not. Let other users test an app so that you can make a decision regarding the use of an application.

 Software

Updating your software is important. Your wallet can probably be the easy target for hackers if it is running on non-updated bitcoin software. The updated version of wallet software will have advanced security features, which can protect your Bitcoins in a better way. You will be able to evade big security crises by updating your software with the latest security fixes and protocol. Update your mobile systems, computer operating systems and software to tighten the safety of your cryptos.

Encryption

By encrypting your particular folder, file, or message, you add an extra layer of security to it, which can not be unlocked easily. To put it simply, encryption means using the password to access a Bitcoin wallet. Encryption is highly effective when you use a desktop, mobile, or hardware wallet, as it can protect you from online rogues. Using the strong password is not just important, as you need to memorize it well because the password recovery mechanism is weak in the Bitcoin’s case.

Hardware Wallet Storage or Offline Mode

Another great way to secure your Bitcoin wallet is storing the Bitcoin values in a hardware wallet or you can say cold storage. This storage is similar to USB drives. You do not even require a link to the internet as it is an offline method.

Make sure you do not store a large amount of cryptocurrency in cold storage. Divide the amount into two parts. You can keep a small amount online for trading purposes while keeping the second amount stored in the hardware wallet-offline.

Keep a Highly Secure Offsite Backup

What will you do if you can no longer access your wallet due to a technical issue in your computer? Nothing but you will lose your Bitcoins. You probably have had recovered your coins if you had a backup of your wallet. Therefore, multiple backups of wallets stored in different locations are important.

Backups vary according to wallets. You will be able to backup after every transaction for some wallets or after 100 transactions for others while updating your wallet with the latest private keys, required to access the wallet.

Store Private Keys Offline

You can enhance the security of your Bitcoin wallet by keeping private keys offline. A Bitcoin involve the use of Public keys for transferring Bitcoins. You can also check your account balance using public keys. Moreover, you need public keys to govern payments from your Bitcoin wallet.

So if anyone is able to access your private keys, you can lose your coins. Therefore, you need to remove private keys and store in another computer, not connected to the internet. This will keep your wallet safe from online malware and hackers.

Use a Dedicated Hardware

You can make safer Bitcoin transactions using a dedicated hardware. A dedicated USB key minimizes the data exposure to viruses during the movement of data from an online wallet to a hardware wallet.

The crypto industry is booming with so many cryptos coming live every day. The complexity of the Blockchain, mining pools, and wallets is important to understand prior to trading. Though you get a ton of options when it comes to a crypto wallet, selecting the right one can make or break you as an investor.

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

Jack

HolyTransaction adds Pivx to its wallet

Do you want to open a Pivx wallet?

You are in the right place, as we at HolyTransaction decided to add this cryptocurrency among the 16 crypto available on our multicurrency wallet.

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

All HolyTransaction customers can create a new address for their own Pivx 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.

Pivx Wallet features

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

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

Pivx (PIVX) is the acronym for Private Instant Verifiable Transaction.

The main goal of PIVX is to achieve near instant private transactions and a governance that helps sustain the network for the benefit of all of the users involved.

PIVX is an open source, privacy-focused, Proof of Stake crypto-currency. PIVX utilizes Proof of Stake 3.0 and an innovative Seesaw reward mechanism that dynamically balances 90% of its block reward between Masternodes and Staking nodes with the remaining 10% used for budgeting. The budget and protocol are managed through a decentralized governance system.

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

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

Satoshi

CryptoMixer or how to protect your privacy

cryptomixer


Cryptomixer is a Bitcoin mixer that provides very effective and cheap Bitcoin mixing for anyone looking for extra security.
CryptoMixer has a reserve of bitcoins that is around 1800 BTC  (you can find proof of solvency here).
This way you can also mix a large amount of bitcoin and assume that a large reserve guarantee you always a top service. This is especially useful for managed security services, as CryptoMixer provides this with low and customizeable fees.
In addition to all of this, Cryptomixer has many customizeable things, such as a delay. Delay allows you to prevent time-based analysis.
CryptoMixer also has provided a convenient calculator for you to estimate how much bitcoin you should send when you decide to mix your bitcoins. Many sites doesn’t offer calculators and ask for you to pay at the very last stage, which can be frustrating as you may not have the right amount of bitcoin.
In addition to all of this, CryptoMixer does not keep any transaction logs, and they’re destroyed after 24 hours to ensure nobody can get their hands on it. While it’s not likely that the site could get hacked, if it does, you’ll have a good chance that the previous mixes you’ve had will not be on their record, and so Cryptomixer has put up yet another extra layer of security systems.
CryptoMixer has great reputation in the Bitcoin community, and if you still don’t trust them, you can verify a signed message that they have provided to make sure their reserves are truly 1800 and that the message is legitimate.
If you want to verify, the address is this: 1CrypMixXWtTjYGCM5ZJmyQYP1Y39P7aLM

Support experience

Support is one of the main priority of Cryptomixer.io in way to ensure a great experience to its customers. You can contact support simply by clicking a button. Then, a window will be opened and you can easily contact an agent that will assist you in a really great way !
Cryptomixer.io also have a Referral program that allows you to earn some bitcoins to each person that you’ll refer on their site ! 
As site says “Get 50% profit from all exchanges done by your referrals-with no time limits.”, so, you can easily earn a good amount of BTC if you have a blog where you can advertise it !
Features: Cryptomixer.io is going to open other mixing service also to other coin such as Ethereum and many exciting news is going to come !

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

Satoshi

Central Bank of Canada revealed the digital Cad coin

<img src="/images/cadcoin.jpg" alt="Cad coin" height="264" width="350" />

Is Cad Coin the future for Canada?

Yesterday the Central Bank of Canada announced its new project: Cad coin, or the digital version of the Canadian dollar based on the blockchain.
Cad coin is just a part of a greater study about the blockchain, called “Project Jasper”, according to The Financial Times
Bank of Canada is not the only bank involved: in fact, other important banks such as Bank of Montreal, CIBC, Royal Bank of Canada, Scotiabank and TD Bank are participating to this innovative project.
As you can read on a Forbes post, Bank of Canada is doing tests on a system that allows people to give their cash to the bank that will convert it into Cad coin.

Banks: in love with the Blockchain?

During the last months, we read about several bank projects related to the blockchain and digital currencies.
“The development of modern financial markets is inseparable from the development of financial technology”, said Bank of Russia’s deputy chairman Olga Skorobogatova
Are these news the proof that banks love blockchain applications or is it just fear?

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

Satoshi

Why the Ethereum DAO collapse is good for the cryptocurrency

The news of the Ethereum DAO hacker attack is riding high and of course it brings lots of damages for the ethereum investors who stored about $150m of the cryptocurrency.

However, it is always a good behavior to understand and see the other side of the coin, we would say.
In fact, any negative event can allow to have a better environment and more secure technologies.
A similar thing happened with the Mt Gox disaster, when we learned that an exchange must be built with more care and attention.
As Matthew Spoke, co-founder and CEO of blockchain startup Nuco, explained on Coindesk.
“the DAO attack will likely be reversed, as per Vitalik’s proposal; owners of TDT will be able to retrieve their ETH after the proposed hard fork; The DAO will be emptied of its investments; and future distributed autonomous organizations will learn from the lessons”.
Ethereum DAO: what happened?
On June 17th, an unknown hacker (or a group of hackers) stole $60m in Ethereum coins from the DAO, a decentralized autonomous organization that used the Ethereum Blockchain to leverage smart contracts and to provide a platform where people can vote and fund projects.
Previously last week the DAO experienced another issue but it was fixed soon by the open-source community and the Etheruem DAO structure and problem-solving techniques.

 

Universal Wallet

If you want to have a safe and secure wallet to store your Ethereum, you should visit HolyTransaction. 
Here you can store your Ethereum, but also several other digital currencies including Bitcoin, Litecoin, Dogecoin and more.

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

Satoshi

Bitcoin Rise: will it continue in the future days?

bitcoin_rise

Bitcoin Rise: will it keep growing?

It is not a news that the Bitcoin rise very fast during the last few weeks, reaching a high of $735 today.
But the real question everybody is asking is: will Bitcoin keep growing?
After a two years high, on Wednesday the bitcoin price fell, but it was only temporary and now the price is rising again. 
As we tried to explain, there are a few reasons why Bitcoin is increasing its value: at least 5 reasons that you can read here.

Volatility?

Bitcoin price dropped 8% to $661.60 on June 14th, after hitting $719.85 the day before. 
But during the same day it reached $691.70 and since then it keeps growing.
So, even if the price fell, this event cannot be considered a great volatility problem. Also, several experts explained that such instability is unavoidable.

“It is important for traders to understand that markets are always following cycles,” comments Joe Lee of Magnr, “Regardless of the asset type, if a price increases too quickly, the safe assumption is that a correction will occur in the short term.”

Halving and Brexit: will the bitcoin price keep growing?

Other experts in the bitcoin sector sustain that two of the most important reasons for the digital currency higher price are the miners rewards halving and the “Brexit”, or the possibility that the UK leaves the EU. 
Experts explained that the halving has a key role in the growth of demand because it reduces the reward for each new block mined by 50%. 
Rik Willard of Agentic Group LLC, is convinced that bitcoin price will move around $685 until the halving occurs.

Bitcoin Wallet 

If you want to store your Bitcoins you need a wallet when you can keep them safe.
Open your wallet for free on HolyTransaction, an universal wallet where you can also store other digital currencies such as Ethereum, Litecoin, Dogecoin and more.

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

Satoshi