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Blockchain

History of currency and birth of virtual currency

Electronic currency payments such as cryptocurrencies are becoming widespread, but still most of the physical transactions use paper money and coins. Compared to the days when bartering transactions were used, modern transactions using “money” such as banknotes and coins are very convenient, and such convenient settlement methods have come to be used. Can be said to be a very natural result. Banknotes are said to have been born in medieval Europe. Goldsmiths, who were casting metal coins by mixing impurities such as copper and nickel into gold and silver, found that the value of money was not the original value

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Electronic currency payments such as cryptocurrencies are becoming widespread, but still most of the physical transactions use paper money and coins. Compared to the days when bartering transactions were used, modern transactions using “money” such as banknotes and coins are very convenient, and such convenient settlement methods have come to be used. Can be said to be a very natural result.

Banknotes are said to have been born in medieval Europe. Goldsmiths, who were casting metal coins by mixing impurities such as copper and nickel into gold and silver, found that the value of money was not the original value of “things,” but the support of power by powers. I was aware that it was a symbol.

In the current monetary system and capitalist economy, since the central bank can manipulate the value of money by adjusting the amount of supply of currency, it is possible to adjust the value of assets held by the people and it is possible to always make them poor.  Blockchain is not a centralized data management system, but a system in which multiple users on the network manage data in a distributed manner. Therefore, the risk of tampering is very low and a high level of security is guaranteed.

Bitcoin market size

Currently, it is said that the total amount of monetary currency in the world is about 5 trillion dollars, and about 1 trillion dollars for the Japanese yen. On the other hand, Bitcoin is about $ 78 billion, as mentioned above.

For Bitcoin, which does not have a country that issues or manages, there is no barrier to its distribution range. It is possible to use Bitcoin anytime, anywhere if you are connected to the internet.

As the Bank of Tokyo-Mitsubishi UPJ has announced that it will issue and manage “MUFJ coins” based on the Japanese yen, it is believed that all currencies will be digitized in the next 30 years. . Among them, there is no more global, safer and fairer electronic currency system except cryptocurrency.

It is easy to imagine that Bitcoin, which threatens the existence of international banks including central banks, will be regulated in various countries in the future, but even if regulated, the potential potential of cryptocurrencies is still We believe that it has the potential to surpass international currency.

Mining and miner

There are various blockchain projects such as Bitcoin and Ethereum these days, but in all of them, “miner” is indispensable.

A miner is a term that refers to a person who performs mining (mining) of cryptocurrency by executing processing defined by each cryptocurrency with specific hardware, such as saving transaction records and executing contracts. When changing the network protocol of each cryptocurrency, the mining share held by the miner becomes a voting right for the network, so it has a great influence on many cryptocurrencies that adopt the P2P type network. I can’t ignore the miners.

Therefore, it is the best way to control “mining”, which is the core of the cryptocurrency, so that we can take advantage of it in various cryptocurrencies that are expected to develop further in the future. Just as goldsmiths created the central bank system and managed the issuance of banknotes in the past, in the next generation of finance, miners can be goldsmiths. There are many mining sites which offer free suggestion to their customer how to do mining and how to make money using these websites.  More info about bitcoin is available here at bitcoin-storm.

Typical crypto assets include Bitcoin and Ethereum.

Cryptographic assets have received a great deal of attention as a mechanism that allows them to exchange their property values without going through a third party such as a bank.

Also, be aware that many cases of fraud related to crypto assets have been reported. For more details, please see “Please be aware of troubles related to crypto assets (virtual currency) by the Financial Services Agency, Consumer Affairs Agency, and National Police Agency”.

Also there are many countries which give permission for the mining and there is no limitation for them. In these countries one can easily do trading without any restriction on them.

This is a sponsored post. As it’s related to crypto trading, you should also read our risk warning. Read more in our editorial policy.

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Source: https://bitcoinsinireland.com/history-of-currency-and-birth-of-virtual-currency/

Blockchain

All Eyes on Ethereum

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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.

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://blog.coinjar.com/all-eyes-on-ethereum/

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Blockchain

CARBON: A perfect avenue for showcasing talent

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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.

About CARBON

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.

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://bitcoinerx.com/bitcoin/carbon-a-perfect-avenue-for-showcasing-talent/

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Blockchain

How Tokenplace can help crypto traders get the best buy and sell prices

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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.

Website: https://tokenplace.com/
Twitter: https://twitter.com/TokenplaceTOK
LinkedIn: https://www.linkedin.com/company/tokenplace

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.

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://bitcoinerx.com/blockchain/how-tokenplace-can-help-crypto-traders-get-the-best-buy-and-sell-prices/

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