Originally launched in 2015 in Georgia, USA, Coin.Space is a cryptocurrency platform that works to bring a simple wallet to everyone, especially people who have no access to a bank account.
Underbanking is a big problem for many people, and cryptos can really help many to gain access to advanced financial services. As the rise of DeFi has demonstrated, there is lots of interest in decentralized financial solutions, but it all starts with people gaining access to the system.
There are very few technological barriers left to using cryptos.
Most people have the necessary electronics to trade and save tokens and the Coin.Space wallet takes that availability even further by ensuring that people with low bandwidth connections can still make crypto transactions.
About the Wallet
The Coin wallet can be used on many types of devices – and functions well in low bandwidth conditions. Up to now, Coin.Space has expanded globally with more than 20 million wallet registrations and available in over 20 countries worldwide.
The wallet works with any ERC20 and ERC223 tokens and supports popular Crypto blockchains (Bitcoin, Litecoin, Dogecoin, Bitcoin Cash, EOS, Ripple, Stellar and Ethereum). Currently more than 20,000 tokens that are built on Crypto are accessible through Coin Wallet app.
The wallet platform is available for download and installation on Android, iOS and Windows. This means that most people who have a smartphone or a computer that is connected to the internet can use the Coin.Space wallet.
Besides a large potential market, the one of the best things about Coin.Space is that Coin.Space only charges a fee on actual transactions.
Otherwise, there are no extra fees for installation or wallet registration. That’s why Coin.Space is considered one of the cheapest and most convenient cryptocurrency wallets out there.
Coin.Space combines a multi-layer protection and modern security protocols to offer its users top-of-the-range security.
Here are some of the things that the Coin.Space wallet offers:
- Coin.Space applies AES-256 encryption mechanism on clients’ device to ensure no breach from client-side
- New wallet creation security is strengthened with the utilization of BIP 39 passphrase encryption to prevent any threats of losing new accounts
A 4-digit PIN is required to verify identity when users log in their account
- Users can generate private keys and save them on their own devices to avoid any communication with external servers and even avoid contact with Coin.Space’s system
- Coin.Space cooperates closely with compromised certificate authorities to keep all HTTPS sites safe from all acts that attempt to use fake IDs or fraudulent certificates
- Coin.Space is committed to providing its users with absolute confidentiality, even private keys are not stored on Coin.Space system but on users’ personal devices, in order to guarantee users full control over their wallet and coins
As a wallet service provider, Coin.Space comprehends the value of metadata and how much users expect to keep their private information out of danger. Therefore, Coin.Space adheres to a set of strict protocols and practices to completely preserve a user database.
- Coin.Space is committed to not reusing users’ personal data, such as address, purchase habits and so on, and takes full responsibility for keeping all information safe from any other parties
- Coin.Space extracts all users’ historical transaction data before confirming a new transaction. Thanks to that, the platform is able to avoid any leaking on the data of users’ wallets
- Coin.Space offers close support from Tor and a secure VPN, which gives users the power to conduct their transactions with an anonymous IP address
Coin.Space offers an attractive scheme for mining activities, divided into 3 different levels for users’ consideration.
- Default miners are provided “an approximately confirmation time of 30 minutes to 60 minutes”
- Fastest miners are provided “a confirmation in the next 0-1 blocks”
- Minimum miners are provided “an approximately confirmation time of 60 minutes to 90 minutes”
A built-in exchange network
- Like other popular crypto exchanges such as BRD Wallet, Blockchain.com or Bitcoin.com, Coin.Space builds an own exchange platform (Shapeshift) to allow its users to buy and sell cryptos
- Coin.Space’s users can join the Shapeshift platform and enjoy the instant bitcoin transactions
Coin.Space – Open to Almost Anyone
Basically, everyone can join and create a wallet on Coin.Space. At the same time, the platform specifically aims at a couple of target audiences, including.
- People who are fresh to cryptocurrency investment and trading – They are newcomers who wish to enter the market and look to buy crypto for the first time. Coin.Space provides guidance for the simplest solutions for beginners
- Shoppers who want to use their coins to pay at local stores – Coin.Space acts as a payment processor to enable the purchase of regular goods using cryptocurrencies
About Jonathan Speigner, the founder and CEO of Coin.Space
Jonathan Speigner is an expert with deep technical knowledge in various sectors, including “security, cryptocurrencies, mobility, cloud computing, and surrounding technologies”.
During his long successful career that has lasted over 25 years, Jonathan has worked with more than 25,000 clients across the world, which gives him a firm background in international information technology and customs.
Speigner has dealt with multiple industrial projects in finance, medical healthcare, telecommunications, and software vendor verticals. All of those jobs help him gain wide technical expertise in “networking, mobile, storage, compute infrastructure, programming and security”.
Not only achieving many great successes in the tech industry, but Jonathan Speigner is also a well-known person for his comprehension over business operations, from financial flow, international affairs to human management.
With Jonathan Speigner as the founder and CEO of Coin.Space, the platform’s users benefit from his long-sighted vision and inclusive experience.
Banking For Everyone
It might be surprising to learn that while most people can afford a smartphone, many can’t gain access to the banking system. Banking services in some of the world’s poorest countries are extremely expensive relative to a person’s income, which leaves the working poor with few options.
By offering a range of crypto services, Coin.Space is giving people everywhere the ability to use cryptos both locally and globally. The costs involved in sending tokens is very low when compared to fiat currencies, which is a great thing for people who need to access financial services at the lowest possible rates.
DeFi is also one of the most promising technological breakthroughs for microfinance, as cryptos have such low operational costs attached to making value transfers. Microlending is much easier when using cryptos, and with the use of smart contracts, very few humans need to be involved with the process.
Connecting With Coin.Space
Right now, Coin.Space is open to more than 20 different nations – and the company is working to expand its operations to other countries in the future. As a provider of decentralized financial solutions, Coin.Space is well placed to grow over the medium-term as cryptos are likely to rise in popularity.
More detailed information about the project is available on the official website, which you can visit by clicking here.
In addition, interested investors can participate in Coin.Space’s social community networks to exchange their ideas with other traders. So far, Coin.Space’s users can join its member society on Medium and LinkedIn through the following addresses.
All Eyes on Ethereum
One Ether now costs more than US$3000. Did you ever think you’d see the day?
You gotta hand it to the crypto markets: in some ways they’re comically predictable. A month ago, Ethereum was everyone’s favourite whipping boy, a bloated, expensive under-achiever that couldn’t even double its 2017 all-time high. Lol what a weakling.
And with competitors like Cosmos, Solana, Polygon and Polkadot nipping at its heels, perhaps this was the beginning of the end for the network that gave us smart contracts, ICOs, ERC-20 tokens, DeFi, yield farming, NFTs and, to be honest, the entire idea that blockchain was a multi-functional and era-shaping technological breakthrough that you ignored at your peril.
How things have changed. On Monday Ethereum blasted through the US$3000 mark like it was barely there, throwing on an extra 15% while it was at it. The network is now worth a shade under US$400 billion, putting it on par with Mastercard and Walmart, and officially making Vitalik Buterin, the 27-year-old prodigy who created Ethereum, a bona fide billionaire. So, is this how the Flippening begins?
Network to net worth
Due to the speed with which things move in crypto, we tend to underestimate some of the metrics that actually speak to a technology’s success. The new shiny thing is almost always more exciting than some dusty old contraption built in the positively prehistoric year of 2015. Did they even have electricity back then?
But Ethereum stands out from almost all other blockchains in that it’s already being used, at scale, by millions of people and companies. While that may seem like Business 101 – get more customers, be more successful – when it comes to blockchain usage is a particularly powerful factor because of the way it harnesses network effects to improve the value of the system itself. Use it more and the whole system becomes more valuable, both financially and practically, for the network’s users, miners, stakers, investors and developers. Oh, and Vitalik, of course.
How far we’ve come
Ethereum’s issue has always been its inability to scale. If you can’t handle hundreds or even thousands of transactions a second, then you’re not really fit for purpose as a global computer. The result for Ethereum has been a year of increasing network congestion and brutally high transaction fees. Yet the fact that so much continues to be built and transacted on Ethereum tells you exactly how strong these network effects already are.
There’s also an increasing focus on three major changes to the Ethereum network due to arrive before the end of the year:
- EIP-1559: Lifts one of DeFi’s major innovations in the field of ‘tokenomics’ by implementing a token burn system on every transaction. You use the Ethereum network, you burn some ETH, never to be seen again.
- Optimism: due for a full launch in July, the Optimism sidechain should significantly improve the speed of Ethereum by leveraging largely incomprehensible processes such as ZK-Rollups and Sharding. It’s already being used by the Synthetix protocol, where it has saved users over $10 million dollars in transaction fees.
- Ethereum 2.0: This is the big one, Ethereum’s transition from Proof-of-Work to Proof-of-Stake. It’s been coming for years, but the importance of the change cannot be overstated. Already more than 4 million Ethereum are being staked on the Ethereum 2.0 contract, offering an insight into how much ETH might fall out of circulation once the entire thing goes live (potentially in November).
In short, Ethereum is just getting started. The price might seem gaspingly high right now, but remember that Ethereum isn’t trying to be Walmart or Mastercard. It wants to be the thing that Walmart and Mastercard are built on – and that’s a prospect worth having a stake in.
CARBON: A perfect avenue for showcasing talent
Creative professionals sometimes find themselves figuring out where to showcase their creations and profit from them.
It’s a tough situation to be in. But with CARBON, the dilemma is lessened.
CARBON creates an avenue that gives creators both a place to show off their talents and a chance to earn money.
CARBON features an ecosystem of a global scale that integrates open finance, fashion, art, music, and non-fungible tokens (NFTs).
One of its objectives is to enable a community that can inspire, support, and reward professionals.
What the CARBON marketplace looks like
As what an ideal marketplace should be, CARBON has a lot to offer, helping emerging brands and artists have a shot even at the highest levels of competition they have to deal with.
Items related to fashion, art pieces, music, and digital assets such as NFTs are offered in the CARBON marketplace. A dedicated team will carefully select these products.
The market will also see exclusive collaborations featuring various artists and brands for physical commodities and digital items that will be dropped on a weekly basis.
As for its audience, they should prepare for a diverse experience brought by a market evolving into a global ecosystem.
CARBON was founded by Chad Pickard who also acts as its Chief Executive Officer (CEO). It is an open finance wallet and super ecosystem that is built for the whole world of fashion, art, music, and culture while also integrating digital assets through NFT offerings.
It has its native token, the $GEMS, and its wallet integrates Neobank functions like the financial technology company Revolut and a non-custodial smart wallet for decentralized finance (DeFi) and cryptocurrencies.
This integration allows users to hold fiat (government-backed) and digital currencies as well as NFTs in a single platform.
The wallet is linked to the market, giving users the ability to directly select items that they desire.
CARBON doesn’t just work as a marketplace where purchases can be made, but also as an avenue where professional creators get to showcase their talents and inspire others to promote their own. It provides them with a winning environment.
How Tokenplace can help crypto traders get the best buy and sell prices
Any seasoned crypto trader knows that the price of a digital currency can vary across different exchanges worldwide.
Thus, one of the basic strategies for investing in digital currencies is to scout for the best buy or sell price and that’s where Tokenplace comes in.
Access to different crypto exchanges via one platform
To take full advantage of the price variance across exchanges, some traders often resort to opening accounts on different platforms. But Tokenplace eliminates this need because the platform allows one to access different exchanges worldwide.
This means that a user will only need his Tokenplace account and password to gain access to the entire crypto market. This is a lot simpler compared to having to main multiple accounts and passwords for other exchanges for different trading pairs.
Tokenplace is basically an online trading platform and exchange aggregator. With its automated order-splitting, orders are automatically broken up to ensure that traders get the best price for every coin they want to trade.
Easy to use and features-packed trading terminal
Tokenplace is also very appealing to newer investors because it is very easy to use. For instance, users will only need to access a single window for their deposits, withdrawals, trading, and exchanging.
The platform can be accessed from both desktop and mobile devices. Tokenplace’s onboarding and one-time registration process are also one of the quickest in the industry.
Tokenplace uses advanced algorithms for its multi-exchange order splitting feature. With this high-tech tool, users can get the best buy and sell price every time they trade.
IMPORTANT NOTE: This is a paid press release, which BitcoinerX has posted as part of a commercial agreement. BitcoinerX is not responsible for producing this content and does not endorse the products or services mentioned. It is the responsibility of the company posting the press release to ensure the material is credible and accurate. BitcoinerX is not responsible for any damage or loss caused to anyone who chooses to use the company, product or services mentioned in the press release. BitcoinerX does not recommend using the information in the press release to form the sole basis of investment decisions.
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