How to Determine Whether a Cryptocurrency Is Reliable and Invest Your Money Properly? 507

reliable cryptocurrency

Cryptocurrency is an excellent investment tool. It is able to grow in price in tens of thousands of times in just 1-2 years. By noticing a promising project at the ICO stage and investing in it in time, the investor has all chances to become a multimillionaire. But the price for such a crazy profitability is the terrible instability of the cryptocurrency market, moreover, such coins are not quite numerous. In this article we will learn how to secure your deposits and choose the most reliable assets for investment.

Contents:
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  1. How to evaluate the reliability of a cryptocurrency?
  2. How to invest in coins?
  3. Conclusion

1. How to evaluate the reliability of a cryptocurrency?

The industry is still too young, and cryptocurrency assets are still very volatile. This is due to the fact that the total market capitalization amounts to about 280 billion dollars (at the time of writing), which is a very small, even ridiculous, figure on the world scale. If we compare it with other markets, for example, the capitalization of Japan’s stock market alone is about 3 trillion dollars, and this is only one country and not the largest one. Such a small capitalization makes the market very vulnerable to sudden ups and downs, which can be caused by some of its participants.

Currently, there is a huge number of different coins that perform different functions, have a different technological base, etc. So how do you choose the most reliable cryptocurrencies from all this mass? If you want to earn serious money in this field, you need to understand the industry. If you are a beginner and want to invest with minimal risks, then you will have to learn how to analyze coins. It is also worth noting that if your goal is reliability, then you should forget about the market of initial coin offering and consider only well-known projects. What you need to pay attention to includes:

Capitalization. As it has already been mentioned above, this factor is one of the most important. The fact is that the probability of Bitcoin’s total collapse is much lower than that of Bytecoin. Much more resources are required to ramp or collapse the rate of a high-capitalization coin. The investment in Bitcoin will be more stable than investment in Bytecoin.

– Trading volume. It is impossible to see the general picture of what is happening based only on the first factor. Capitalization will show how much all the project’s tokens stand in total, but it must be understood that developers are free to issue coins in the amount they want to. The more their number is, the higher the overall coin capitalization will be. But the fact is that the key factor of the growth and development of any coin is its demand. Tokens may amount to several billion, capitalization can be pretty high, but they will be of no use to anyone. Thus, investing in such a project will not be logical. Understanding the volume of trading, the investor can draw conclusions about the demand and forecasts for the coin.

2. How to invest in coins?

As we can see, since January the whole market has been going down with some interruptions for small growth and stagnation. Therefore, it is unfortunately not possible to talk about any serious earnings this year. If you want to invest in coins and earn on it, you need to follow certain rules:

  • Make long-term investments. You do not need to count on a quick payback, you should “forget” about your contribution for at least 1-2 years.
  • Learn to filter information and keep a close eye on the news background.
  • Competently diversify the risks. Invest in top-10 or top-20 cryptocurrencies and rebalance the portfolio in time.
  • Do not spend all of your money. You can not invest more than you are ready to lose. Otherwise, psychologically it will be difficult not to succumb to the emotional impulse during the drawdowns.

3. Conclusion

The cryptocurrency market is an excellent tool for earning money, but it is necessary to have a cold mind and clearly follow the chosen strategy to succeed in this field. If you are choosing a reliable cryptocurrency for investment in 2018, take a closer look at coins from top-10 or top-20. This approach will minimize your risks.

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Multifunctional Platform or Overvalued Project: Review of Bitshares 277

bitshares crypto

The project, which will be discussed today, is a truly universal solution, since it is simultaneously:

  • innovative software;
  • a payment network with a large bandwidth;
  • a decentralized stock exchange;
  • a banking institution;
  • cryptocurrency;
  • a community;
  • a decentralized and reliable database.

The developers of this coin took all the best from the original blockbuster Bitcoin and made a number of changes, which, in their opinion, the first cryptocurrency lacked. So, let’s begin our acquaintance with the Bitshares cryptocurrency.

Content:
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  1. History of the project
  2. Technical information about the coin
  3. How to mine Bitshares?
  4. What are the Bitshares coins necessary for?
  5. Conclusion

1. History of the project

Basically, this project is the fruit of the labors of two people. The idea of ​​the Bitshares coin came to Dan Larimer back in the 2013. He spent a huge amount of work and managed to lay the foundation for the future development of the project. But it still wasn’t the coin we know today: Charles Hoskinson (one of the leading developers of Ethereum) helped. This rather media tandem played an important role in the successful launch of the project.

In early June 2013, entrepreneur Larimer showed the world his offspring, and then the first large investor appeared. After a short period of time, a full-scale presentation of the project took place in Atlanta.

The first product of the development team was BitShares (PTS) ProtoShares, for the creation of which the most advanced and innovative solutions in cryptography were used. After a short period of time, the project was renamed BitShares X, and many built-in services had already been integrated into it. The project was formed in the form, in which we now know it, as a result of the merger of several products into one in the fourth quarter of 2014.

2. Technical information about the coin

8 facts you need to know about the Bitshares cryptocurrency:

  1. It takes the 30th place in the global rating of CoinMarketCap;
  2. The capitalization of the coin is about 565 million dollars;
  3. The rate of Bitshares (at the end of July 2018) is about 21 cents;
  4. The network is built on the PoS algorithm;
  5. The claimed throughput is about 100 thousand transactions per second, although the current checks confirmed only 4 thousand / sec;
  6. Time of block generation takes from one and a half to three seconds;
  7. Remuneration is 1 BTS;
  8. The total issue of coins is 3.6 billion pieces.

3. How to mine Bitshares?

During the development of his new project, Larimer decided that the entire current mining concept could not withstand any criticism and needed reformation. In his opinion, the PoW algorithm can completely override the main feature of blockchain technology, namely decentralization. Since in countries with relatively cheap electricity potentially there can be large players who will be able to seize power over the network.

In addition, within the usual mining, the complexity of the network inevitably grows, which, over time, makes the process of mining coins unprofitable for the vast majority of miners who do not have large computing powers. A Bitshares coin can be obtained by anyone using an average home computer. You can also receive new BTS simply by storing coins on the official Bitshares Wallet.

4. What are the Bitshares coins necessary for?

This cryptocurrency can be used in various scenarios, but its main advantages are:

  • relatively low volatility, compared to other coins;
  • the existence of a unit of account;
  • the possibility of hedging, which can protect against losses.

5. Conclusion

The Bitshares project is a universal product, within which a variety of different services are integrated. The platform is already working for about four years and every year attracts more and more new users. The coin is included in the TOP-30 cryptocurrency projects, it can be considered as an investment asset. According to experienced traders, it is possible to allocate no more than 5% from the portfolio on BTS.

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ZenCash Coin Review: Is It the Best Anonymous Cryptocurrency? 290

The overwhelming majority of people believe that all cryptocurrencies are completely anonymous, but this is absolutely untrue. There are several projects on the market that really focus on anonymization. Such coins are not so many; the most popular of them are Dash and Monero. But today we will talk about the cryptocurrency, the developers of which assure that they were able to surpass absolutely everyone in the issue of the anonymity. Today, we will talk about the features, history and perspectives of the ZenCash coin.

Content:
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  1. A bit of the coin’s history
  2. Features of the ZenCash project
  3. Principles of distribution of awards in the network
  4. Conclusion

1. A bit of the coin’s history

This project is a “fork of fork.” Initially, part of the community broke away from the ZCash coin within the ZClassic fork, and already within the latter there was another fork that today showed our hero to the world.

The development team is 100% sure of its creation, so does not hesitate to call it the best anonymizer on the market. Their words are also confirmed by industry experts who rated the project higher than such giants as Monero and Dash.

The ZenCash project is still at the earliest stage of its development, as the network began its work only in the fourth quarter of 2017. But despite this, the coin already has quite a lot of weight in the industry, occupying the 91st place in the global rating of CoinMarketCap for the time of writing the article (July 2018). The market capitalization of the coin is about 110 million dollars at the moment.

Such a dynamic development of the project is not accidental. The fact is that at the very beginning, ZenCash coins were supported by well-known and influential people:

  • Naval Ravikant, an early investor of many successful projects such as Twitter, Uber, etc.;
  • Roger Ver, one of the first cryptocurrency adepts, the creator of the Bitcoin Cash coin;
  • Barry Silbert, the creator of SecondMarket.

The list of names mentioned above is far from complete. This fork was highly appreciated within the framework of the crypto community, but many investors simply preferred to take advantage of the main feature of ZenCash and remain incognito.

2. Features of the ZenCash project

An important part of the ZenCash source code is an embedded data encryption algorithm that has zero knowledge. Due to the technology of Zero Knowledge Proofs, the network can provide total anonymity. Any data about the transaction in ZenCash is hidden from everyone except the participant who initiated the transfer.

Also, the ZenCash project has a number of tools that allow network members to not only make anonymous transactions, but also exchange messages and files:

  • Zen talk – allows you to attach small messages to transactions (up to 1024 characters);
  • Zen hide – allows you to circumvent increased censorship in the relationship of buyers and sellers (relevant for countries with poorly developed democracies);
  • Zen Pub – also allows you to anonymously attach and post various documents of IPPS and GNU Net formats.

3. Principles of distribution of awards in the network

ZenCash works on the PoW protocol, so the mining of this coin absolutely does not differ from the production of the bitcoin, for example. But the reward for the found block is distributed here according to a little peculiar scenario:

  • the most part, namely, 88% are received by the miners;
  • the operators of security nodes take away 3.5%;
  • 5% are used for further investments in DAO;
  • 3.5% go to the project team wallets.

4. Conclusion

The ZenCash project is still too young, even by industry standards, but the team managed to achieve some success even in this short time. The online rate of ZEN/USD at the time of writing is $25.56.

This cryptocurrency is focused on providing absolute anonymity. As assured by many industry experts, ZenCash has a very good technological base, which allows investors to hope for a decent profitability. But it should be remembered that for the full-scale implementation of this technology, the team still needs to do a lot of work, so it is not worth hoping for “fast X”. This applies to the vast majority of promising projects, since it is physically impossible to grow into a multibillion-dollar company in a few months, this requires years of painstaking work.

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Vitalik Buterin and Pavel Durov Entered the Rating of the Most Influential Young Entrepreneurs According to Fortune 315

crypto ranking

The famous American business magazine Fortune published a list of 40 Under 40, which gathered the most influential young people in business under the age of 40 years.

The founder of Ethereum Vitalik Buterin holds an honorable 22th line, American R&B- and pop singer Rihanna is ranked next to him, and the CEO of the well-known online cash platform Coinbase, Brian Armstrong.

Exactly one year ago, Buterin and Armstrong shared the 10th place in the list.

The publication noted that there are still rumours about Google trying to hire Buterin. He was supposed to help the corporation develop blockbuster projects, but he refused.

This year, the founder of Telegram Pavel Durov appeared on the Fortune list for the first time and took the 25th line. We would like to remind you that from January to March this year,  about 200 investors invested in ICO Telegram in the total amount of 1.7 billion dollars.

First place 40 Under 40 was shared by the head of Facebook Inc. Mark Zuckerberg and CEO of the social network Instagram Kevin Systrom.

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Cryptocurrency Prices for the 20th of July: the Cryptocurrency is Showing Growth 317

crypto price

According to the online platform Coin360, Bitcoin (BTC) has added 1.48% over the past 24 hours. The price at the time of writing is $7463 per coin.

Unlike BTC, most of cryptocurrencies in the rating are in the red zone:

crypto kurs

Bitcoin Cash lost 2.72% over the day and is worth $797;

Ripple decreased by 4.82% and is $0.45 at cost;

EOS minus 2.68% and its price is $8.31;

Litecoin lost 2.10% and is worth $85;

Cardano dropped by 2.60% and $0.17 at cost;

Dash added 5.72% – its value is $279 per coin;

Ethereum has lost 2.72% in the last 24 hours. Its price is $465.

The total market capitalization is $284 billion. Bitcoin accounts for 45% of the total volume. In monetary terms, this is $128 billion.

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So There Should Be Bitcoin: Review of Decred 586

cryptocurrency decred

A large number of projects have tried to challenge the cryptocurrency flagship, in attempts to shift the bitcoin from the honorable first place, but this has not yet been done to anyone for 10 years. There is no secret that the BTC has a number of shortcomings which its competitors are trying to solve. In the framework of this article, we will talk about another contender for the “cryptocurrency throne”, which has a number of interesting features and contradictions. So, what is a Decred (DCR) coin?

Content:
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  1. A bit of the coin’s history
  2. Basic information and advantages of the Decred project
  3. Disadvantages of the coin
  4. Conclusion

1. A bit of the coin’s history

Decred is a rather unusual altcoin. Firstly, no initial placement of coins was made for its creation, all funds were provided by the development team. And secondly, the so-called company 0, which has a direct bearing on the initial promotion of bitcoin, has put its hand to its creation. These two facts strongly highlight this project against the background of the other altcoins.

The announcement of the Decred coin took place in 2016, but its road map was kept secret from the public until the first quarter of 2017. To attract participants, the development team decided to distribute the first 5,000 tokens free of charge. Company 0 went from the opposite, they did not ask for money from investors, but rather handed them out. It is worth noting that this plan worked perfectly, and the already good excitement around this project went up with a new force.

2. Basic information about the project

Creating a new coin, the development team took all the best that was in the original blockchain of bitcoin, and also made a number of improvements:

  1. The combination of the PoS and PoW protocols, which in tandem are able to solve one of the biggest problems that Bitcoin is facing, it is decentralization. The fact is that every year the first coin increasingly depends on a narrow circle of the largest miners, the total capacity of which can soon exceed 50%.
  2. Ability to scale blocks.
  3. The low complexity of the network, which allows you to mine a coin without having a huge amount of processing power.
  4. The PoS protocol solves another very important problem, namely the hybrid system of consensus, which allows all participants to vote equally for certain innovations.

3. Disadvantages of Decred

From the information mentioned above, we can conclude that the coin is an excellent tool for investment, but like any other cryptocurrency, Decred has its shortcomings, which we cannot fail to mention:

  • Firstly, the coin has not quite a cohesive community, but a similar picture can be seen within almost any cryptocurrency;
  • Secondly, a large number of skeptics are sure that Decred is a blank that was artificially inflated and in the near future nothing except memories will remain of it.

But, for the sake of justice, it is worth noticing that such statements are not supported by any adequate arguments, so they can be considered a healthy criticism with great reserve.

4. Conclusion

Speaking of Decred cryptocurrency, we can say that the project has everything necessary to take its place in the industry. The development team makes every effort to keep up with its RoadMap. The coin is only 2 years old, but it already enters the TOP-30 in the global ranking of Coinmarketcap.

The symbiosis of the PoW and PoS protocols is not unique in the market, but in this case it can bring good results, since such an approach can solve a large number of problems and take the coin to a new level. We will not guess, but we promise to closely monitor the development of events and inform you in a timely manner.

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Where is it Better to Exchange Coins: On the Stock Exchange or In the Exchanger? 567

exchange coin

The vast majority of all operations with the cryptocurrency is carried out on exchanges with multi-million turnover. And what are the exchangers offering promising conditions for buying / selling the cryptocurrency? How do they differ from exchanges? We will consider it in this material.

Content:
(please, click the topic to scroll down to it)

  1. What is the exchanger?
  2. How does the online exchange of cryptocurrency work?
  3. Principal differences between the stock exchange and the exchanger
  4. Where is it better to buy/sell cryptocurrency
  5. Advantages of online exchangers
  6. What should a safe exchanger look like?
  7. Conclusion   

1. What is the exchanger?

The name gives the answer – it is the place where you can exchange the cryptocurrency for fiat or for other coins. There are two types of exchangers:

  • Online. This is a site where a visitor can make a purchase / sale of a cryptocurrency at a fixed rate.
  • Offline. Here, the currency can be exchanged for real money, having received a cache in the specified place – at the checkout or office.

Exactly the same is the work of known to all exchangers, working exclusively with fiat money.

2. How does the online exchange of cryptocurrency work?

The main condition for someone who wants to buy a coin is the presence of a cryptowallet. If any, the procedure is simple:

  1. Simple and not always compulsory registration;
  2. In the menu, find the currency you want to buy or sell;
  3. Fill in the fields with the requisites;
  4. Agree with the exchange rules and click “Exchange”.

You will be notified of the operation by e-mail notification. Cryptocurrency exchangers work in different modes:

  • Manual mode assumes that each operation is processed by an operator. It’s always long.
  • In semi-automatic mode, Bitcoin exchange can last half an hour or more, depending on the exchanger.
  • In the automatic mode, currency cranes operate with immediate withdrawal of funds.

The cryptocurrency exchanger has little to do with a stock exchange, with its adjustments, quotations, orders. But the investor is more interested in the price than the technical side of the exchange.

3. Principal differences between the stock exchange and the exchanger

At the exchange there are traders who determine the price of coins. In the exchanger, trading is inappropriate, because the course is determined by the owner of the resource. Is it good or bad?

On the one hand, there is no place for exchange speculation on the exchanger. On the other hand, there is always a real coin price on the stock exchange, which rarely coincides with the exchanger’s rate.

4. Where is it better to buy/sell cryptocurrency

If it is a matter of profit, then on the exchange with its market rate. The owner of the exchanger, of course, is guided by stock quotes, but his rate is always higher. By the way, the commission in the online cryptocurrency exchanger can differ from the stock exchange in the tens, and even hundreds of times.

In terms of convenience, the exchange also looks preferable, as it works around the clock without days off, which cannot be said about many exchangers.

An important point is the amount of currency reserves. If there are no problems for an exchange with a multimillion-dollar daily turnover  to make almost any transaction , then a poor exchanger can sometimes offer to wait an hour or two before the required amount of bitcoins or fiat appears. The security of the exchangers also raises doubts. If the top-level exchange is guaranteed to be protected against cyber attacks, then how this issue is decided by the owner of the exchanger is known only to him.

5. Advantages of online exchangers

All of the information mentioned above does not exclude the essential advantages of the cryptocurrency exchangers:

  • User-friendly interface. Registration procedure is extremely simplified, and often completely absent.
  • Any exchanger is fully integrated with all popular payment systems.
  • For registered customers, there is a program that provides an incremental discount for each subsequent exchange.

But all these advantages do not matter if the exchanger offers a disadvantageous course.

6. How should a safe exchanger look like?

A successful exchanger must work at least for a year. To be confident in successful exchange, you should take an interest in reviews on independent resources. In view of the volatility of the cryptocurrency, it is necessary to give preference to exchangers with automatic or semi-automatic mode. A good exchanger has enough reserves of cryptocurrency and fiat, it and its support work around the clock.

7. Conclusion

Online exchanger is a fast service for buying or selling coins. But it is completely unfit for trader strategies, since its commission can eat all the potential profits.

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