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 free digital wallet here to store your cryptocurrencies in a safe place.
IBM Blockchain Oil trade platform: a new innovative project
IBM – together with a group of other companies – has announced the development of a new blockchain-based crude oil trade finance platform.
This group also includes Trafigura and Natixis bank that decided to join the creation of this new tool.
The platform was created by using code from the Linux Foundation-led Hyperledger project. Also, IBM’s BlueMix cloud hosting service is utilized.
Thanks to this trade finance platform, users can view transaction data on the blockchain that also hosts documentation and updates on shipments, deliveries and payments.
Natixis is also a member of the R3 distributed ledger consortium and isn’t new to blockchain-related trade finance applications because it also joined the “Digital Trade Chain” project a few months ago.
According to, Natixis’ head of global energy and commodities, Arnaud Stevens, the bank believes the technolgy as a high potential of bringing down expense and boosting procedural transparency.
These are his words:
“We want to use blockchain to optimize the antiquated arena of commodity trade finance. The current process is paper and labor intensive, we have multiple friction points with high processing costs and limited automation. Distributed ledger technology brings some much-needed innovation into our industry.”
This news is only the latest related to projects that aims at bridging of the blockchain and trade finance worlds.
Also, we have to say that this is an application that attracted much interest from a wide range of companies and governments worldwide, including Dubai.
In the meantime there are also several other worldwide banks that are continuing to push ahead with related projects focused on the blockchain and commodities trade.
A few days ago, in fact, Dutch bank ING is working on an oil trading pilot built on the Ethereum blockchain that has already conducted live transactions.
Open your free digital wallet here to store your cryptocurrencies in a safe place.
Ether price is reaching its all time highs
Ether price, or the digital currency that fuels the Ethereum blockchain, is approaching its all-time highs set last year.
In fact, price of ether rose of about 60% during last week, hitting $20.67 yesterday, after opening at $13 on February 25th.
Ether price and Ethereum Enterprise
This increase might be the result of the official launch of Enterprise Ethereum Alliance, a new working group focused on the Ethereum blockchain with important members including Microsoft, JP Morgan, Santader, etc.
This consortium has the main goal of using the ethereum tech within enterprise-grade blockchain implementations.
So this recent news may have led to the increase of confidence in the technology and in the linked digital currency.
Digital currencies are growing
Recently bitcoin price is also growing, reaching its all time highs, together with the altcoin called Dash.
Among the others, bitcoin is undoubtedly the most used and known with a robust trading volume and bullish market sentiment.
Bitcoin has risen to several new highs in recent days, after failing to set new higher levels for more than three years. Also, bitcoin hits parity with the per-ounce price of gold last week.
Dash has rose more than 75% in the last week and upwards of 200% over the last month. In fact, the previously called Darkcoin reached its all-time high of $58.90 on 2nd March.
Multicurrency wallet for differentiated investments
If you want to invest in all these three digital currencies, you need a multicurrency wallet to store bitcoin, dash and ether coins at the same time.
Normally, if you want to have store different cryptocurrencies, you need to have ten different wallets, which is difficult to manage. Instead, thanks to HolyTransaction you can solve this problem, unifying everything in a single account.
For more info and fees (HolyTransaction has a fixed-rate exchange) click here.
Open your free digital wallet here to store your cryptocurrencies in a safe place.
Cryptocurrencies 2016: Bitcoin Alternative charts
Today we want to talk about Cryptocurrencies 2016, as the just ended year has been very exciting for several digital currencies and not only for Bitcoin.
A lot of major open-source currencies, in fact, showed a good growth during 2016 and we hope to see significant expansion in 2017.
Below you’ll read charts of the excited cryptocurrencies 2016, during a period between December 27, 2015 to December 26, 2016.
Source: Coindesk.com
Bitcoin
Market Capitalization (Beginning of Year): $6,161,215,794
Market Capitalization (End of Year): $14,590,356,108
Price (Beginning of Year): $411.99
Price (End of Year): $908.17
Price (Annual High): $909.94
For sure Bitcoin is the king of cryptocurrencies 2016, if we talk about value.
It is the oldest blockchain-based asset as today (January 3rd) it celebrates its 8th anniversary: the genesis block was generated on January 3rd 2009.
While I’m writing of this article, Bitcoin price is still growing, surpassing the value of $1,000 for 1 BTC.
Bitcoin price and trading volume were supported by several global circumstances, including the Chinese yuan devaluation, the UK’s Brexit, and the election of a Donald Trump.
Ethereum
Market Capitalization (Beginning of Year): $80,339,474
Market Capitalization (End of Year): $638,041,577
Price (Beginning of Year): $2.83
Price (End of Year): $7.31
Price (Annual High): $19.59
2016 saw Ether, or the digital currencies that powers the Ethereum blockchain – become the best-performing currencies, with a more than 2,000% increase over the first six months of 2016.
The major reason for its instability was the DAO hack, the subsequent failure of the decentralized project, and the creation of ethereum classic. These factors led to a fall of nearly 50% of this altcoin value.
Anyway, Ethereum is the favorite network for possible FinTech permissioned distributed ledgers, enterprise software and Internet of Things applications, so 2017 could will probably show a capitalization increase for ether.
Litecoin
Market Capitalization (Beginning of Year): $149,142,004
Market Capitalization (End of Year): $212,469,870
Price (Beginning of Year): $3.41
Price (End of Year): $4.34
Price (Annual High): $5.55
One of the oldest bitcoin alternative, litecoin showed a stable valuation during 2016, closing $2 above its starting price for the year.
Dash
Market Capitalization (Beginning of Year): $16,081.586
Market Capitalization (End of Year): $70,675,107
Price (Beginning of Year): $2.64
Price (End of Year): $9.67
Price (Annual High): $14.42
In 2015, darkcoin decided to end its association with shadow businesses and the DarkNet by changing its name to Dash.
This re-branding seemed to work and Dash ended 2016 with pricing nearly three times, and a market capitalization close to four times.
Cryptocurrencies 2016 and their future
As we enter 2017, the future for cryptocurrencies seems bright, as the digital currency market will continue to progress and prove its worth as one of the top-performing commodities available today.
We at HolyTransaction are very happy to work with this top-rated cryptocurrencies, as our wallet can store Litecoin, Dash, Ethereum and Bitcoin within a unique login.
Needless to say, we are proud to have chosen the best and the most profitable cryptocurrencies for our multicurrency wallet you can open here for free.
Open your free digital wallet here to store your cryptocurrencies in a safe place.
Real Estate Blockchain: houses on the ledger
The real estate blockchain is one of the most imporant use case for the distributed ledger as it is a secure and efficient data management system that enable buyers to rely on a live network.
The California-based Blockchain startup called Propy aims at simplifying real estate sales for investors and brokers by using the ledger.
At the moment Propy is available in Dubai, New York, San Francisco, Los Angeles, Miami and Moscow, so users can buy and rent houses creating a connection with the real estate broker on a blockchain platform.
Ethereum network
Propy exploits the Ethereum network, the blockchain network based on smart contract development.
Using Ethereum Propy can replicate the traditional process of real estate transactions by using a safer ledger.
The development team of Propy spent lots of time and effort in designing a smart contract project to be applied on this business.
Real estate Blockchain: how to use smart contract
Propy’s Andrey Zamovsky explained that the world lacks of “proper and robust electronic property registry”.
Some countries that have a digitalized registry to delete data manipulation issues, so Zamovsky said that a blockchain-based platform can be a very useful tool to eliminate corruption. Also, the lack of sophisticated and secure ledger makes the verification process more difficult for brokers.
To avoid this potential issues on data mismanagement, government agencies often take a few weeks to verify ownership transfers, but this is inefficient and expensive method for customers.
Zamovsky explained:
“A lot of developing countries still don’t have any kind of electronic property registry or have very inefficient ones – vulnerable to corruption, physical damage, hack attacks and fraud. The Blockchain database is replicated on thousands of servers worldwide, so it will be close to impossible to lose registry data.”
To read more about real estate blockchain, click here.
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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.
Ethereum DAO: what happened?
Universal Wallet
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Microsoft to launch an identity platform through the blockchain
Identity Problem in the Digital World
- 1.5B people are without proper identification, that’s one-fifth of the world’s population.
- One in three children under the age of five does not officially exist because their birth has not been recorded.
- Cumulatively, 230M children under the age of five have no birth certificate; this number is growing.
- 50M children are born without legal identity, the size of the UK, each year.
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Ethereum Micropayments: better than the Bitcoin ones?
Ethereum Micropayments
Bitcoin Lightning Network
Multicurrency Wallet
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Nasdaq Blockchain to build a Solar Energy Market
Blockchain and energy: Usizo
Ethereum used for Car Charging
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MULTICURRENCY WALLET
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Ethereum Used for Paid Energy
Bitcoin for Electricity
Multicurrencies Wallet
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