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Welcome to the Universal Wallet, DAI Stablecoin.

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

It’s now possible to add DAI wallet to your dashboard and use it to access and exchange 24 different crypto, instantly. This is just one of the many recent adoptions, which brought the number of cryptocurrencies accepted on our platform to 24.

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

DAI Wallet features
Just like Bitcoin and all the other 23 digital currencies supported, you can now:

• Send DAI to any address, even to addresses of other crypto, with instant conversion on the fly;
• Receive transactions;
• Exchange DAI 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 DAI Wallet, you just need to click on the “plus” button on the top right of the balance page, once you successfully login into your own wallet.

About DAI:

DAI is a cryptocurrency that is price stabilized against the value of the U.S. Dollar. DAI is created by the Dai Stablecoin System, a decentralized platform that runs on the Ethereum blockchain.

With DAI, anyone, anywhere has the freedom to choose a money they can place their confidence in. A money that maintains its purchasing power.

MKR holders govern Dai

Maker is a decentralized autonomous organization on the Ethereum blockchain seeking to minimise the price volatility of its own stable token — the DAI — against the U.S. Dollar.

Maker smart contract platform controls and sells Dai. Indeed, decentralised and trustless, the Maker platform stabilises the value of Dai to one U.S. dollar using external market mechanisms and economic incentives. 

Eliminating the necessity to trust a centralised organisation and the hassle of third-party audits, Maker offers a transparent stablecoin system that is fully inspectable on the Ethereum blockchain.  

Maker’s Dual Coin System

The Maker Platform has two coins: Maker (MKR) and Dai (DAI).

Maker – A token with a volatile price that is used to govern the Maker Platform. Maker DAO is a decentralized autonomous organization within the Ethereum blockchain. Maker works to minimise the volatility of DAI, its stable token, compared to the U.S. dollar, with holders of MKR tokens governing DAI.

DAI – A price stable coin that is suitable for payments, savings, or collateral. With DAI, the team at MKR hopes to overcome the extremely volatile prices of cryptocurrency. The team at Maker DAO feels that stablecoins are necessary to let blockchain technology reach its full potential. Because of this, it introduced DAI, which is backed by ETH collateral.

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

Jack
ether price

Ether Price passes $100: how to store Ethereum

Ether price, or the digital currency that fuels the world’s second-greatest blockchain network – Ethereum – reached a value of $100 today.

This means that Ether price hits its new all-time high today.

With a growth of more than 25% over one day only, the Ether price has now increased more than 1,000% during the last year: on January 1st, in fact, it was trading at about $8.

At the moment, while I’m writing this article, the digital currency has a market cap of about $9bn, according to data provided by Coinmarketcap.

Why Ether price is growing

This new all time high comes now when the Ethereum blockchain is fast gaining interest by open-source innovators and financial firms worldwide.

Ethereum became important as the main blockchain used for initial coin offerings (ICO, a process by which people working on blockchain-related projects can sell tokens with the goal of raising funding), while major companies such as JP Morgan and Bank of America are developing a few projects on private versions of the Ethereum blockchain.

On the markets point of view, the development comes also thanks to a strong and continued demand for the Ethereum token.

Ether volume registered 20% of the total digital currency market volumes, below bitcoin (46%) and ahead of litecoin (11.38%).

How to store, buy and sell Ethereum

While the digital currency is gaining more and more interest, reaching new all time highs, you may ask yourself: “How should I buy, sell and store my Ether tokens?”

Well, HolyTransaction provides a safe place where you can store, buy and sell your Ether tokens in a user-friendly platform.

You can exchange Ethereum in a few minutes by using more than 10 digital currencies we support on our HolyTransaction multicurrency wallet.

Click here to know more about our Ethereum wallet and exchange.

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

Amelia Tomasicchio

Ethereum exchange is now available on HolyTransaction

From now on you can exchange Ethereum for the supported digital currencies in HolyTransaction.

What is Ethereum?

At its simplest, Ethereum is an open software platform based on blockchain technology that enables developers to build and deploy decentralized applications.

Ether was already available on our wallet, but now you can also buy and sell it through 10 more coins we support.

At press time, Ether value is $87.

Exchange Ethereum with 14 cryptocurrencies

Just like Bitcoin, this means that you can now:

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

Is Ethereum similar to Bitcoin? Well, sort of, but not really.

Like Bitcoin, Ethereum is a distributed public blockchain network. Although there are some significant technical differences between the two, the most important distinction to note is that Bitcoin and Ethereum differ substantially in purpose and capability. Bitcoin offers one particular application of blockchain technology, a peer to peer electronic cash system that enables online Bitcoin payments. While the Bitcoin blockchain is used to track ownership of digital currency (bitcoins), the Ethereum blockchain focuses on running the programming code of any decentralized application.

In the Ethereum blockchain, instead of mining for bitcoin, miners work to earn Ether, a type of crypto token that fuels the network. Beyond a tradeable cryptocurrency, Ether is also used by application developers to pay for transaction fees and services on the Ethereum network.

So, what are you waiting for?

Open your multicurrency wallet here.

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

Amelia Tomasicchio

Infographic: Comparing Altcoins – Part 2

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

jorge