Exchanges are cryptocurrency centrepieces. If you want to buy or sell coins to get some fiat currency safely and securely, you need an exchange. If you want to trade Bitcoins for Ethereum or any other altcoin, you need an exchange. The sites know that people have limited options when it comes to dealing with cryptocurrencies. They are aware that they hold the leverage when it comes to consumer/provider relationships. That is not a bad thing. Digital currency exchanges provide stability. They make sure that people do not get scammed, and that market prices are properly displayed at all times. They spend thousands of dollars a day protecting their users, while also providing a service that is paramount to the well-being of the crypto market. In return, they charge fees. Those fees are based on a percentage of the transaction made. So, for example, an exchange imposes 0.5% cost per transaction, you would barely notice it when you buy or..
What to make of the most political proposal for bitcoin scaling? CoinDesk looks at the impact of the UASF movement on network development. Source:..
Belarus-based blockchain company Hubcoin has announced that it has distributed 300,000 (10%) of the total pre-mined HUB tokens to a chosen group of different altcoin developers. The promotion took place alongside the live Hubcoin ICO. Hubcoin believes that the launches of fair coins have been successful but that there is still a lot of potential to get more out of their protocol. Influenced by successful premine distribution projects such as NEM and Auroracoin, Hubcoin chose to give away 10% of the platform’s HUB tokens to leading blockchain developers of previously established cryptocurrency projects. The company thinks that it would be beneficial for the company in the long run as it would stimulate interest amongst the community. From the 10% of HUB tokens distributed, 7% was given to the developers of various altcoins that are already in the market. The distribution of HUB tokens was organized in proportion to the respective..
Missed Tuesday's bitcoin fork? CoinDesk recaps the day's events, outlining how a band of miners broke off of bitcoin to create a new network. The post What Happened to Bitcoin Today: A Recap of the Blockchain's Big Split appeared first on CoinDesk. Source Source:..
The decision by Coinbase not to offer the hard forked Bitcoin chain, in operation on August 1, to its customers could have legal implications as the exchange faces the ire of many feeling they are owed their Bitcoin Cash. Coinbase, as one of the more popular Bitcoin exchanges, followed suit with a number of other competitors in announcing that it would not be supporting the hard fork currency of Bitcoin, known as Bitcoin Cash (BCC). However, a prominent legal scholar with insight into these new technologies believes that Coinbase may be breaking common law property rules. Many customers of Coinbase have been irate as every one of them is entitled to an equal amount of the breakaway currency. The Cow and the Calf, the Broker and His Stocks By Coinbase refusing to support Bitcoin Cash, it essentially means that the worth that is contrived by the hard fork into a secondary currency is value that is entitled to every Bitcoin holder...
CoinDesk compiles its feature articles and explainers on Bitcoin Cash ahead of its expected fork on Tuesday. Source Source:..
We live in the age of the digital information. Most of the transactions we make are completed electronically. So much so that even our bank accounts no longer hold real amounts of the currency we deposit. Everything is done electronically. Everything is digital. That is why we are moving towards a wireless society. Parks Associate reported that 71% of all households in the united states have a WiFi connection. Moreover, the European Union released their eurostats report which showed that four fifths of Europeans have internet access. And those numbers are bound to increase as mobile usage increase, as well as internet speed. It is in this exciting and ever evolving environment that cryptocurrencies came into existence. Starting with Bitcoin and then extending to altcoins, we moved as a species towards a more interconnected world. The freedom that crypto coins provided has been nothing short of miraculous. These coins have provided us..
Bitcoin traders comment on the possible creation of two competing cryptocurrencies bearing similar names. Source Source:..
The post How to buy Ripple (XRP) in 3 Simple Steps – A Beginner’s Guide appeared first on 99 Bitcoins. What is Ripple? Ripple is a global settlement network, making it easy to transfer nearly any currency to anyone in the world in just seconds. The Ripple platform has rendered the archaic system of sending money through SWIFT or Western Union obsolete. At this point, Ripple is focused entirely on working with banks, offering them Source: 99Bitcoins Source:..
Unique Solar energy trading platform, SunContract has declared a total of over 8220 ETH (about $1.63 million) raised from its ongoing ICO, with still less than a week remaining. SunContract is a renewable energy marketplace developed by power specialists and IT professionals. The platform balances its service to incorporate market demands and blockchain technologies within the energy distribution industry. The SunContract Energy Pool is a P2P marketplace that facilitates the exchange of clean energy directly between customers without the involvement of intermediaries, through an automatic digital bidding process made possible through Ethereum smart contracts. The meteoric rise in the cost of traditional energy is exacerbated largely by sizable investments in infrastructure and costs relating to transmission, taxes, and losses through inefficient work practices. This trend and a growing availability of renewables have resulted in an..