Daily Cryptocurrency https://dailycryptocurrency.com Fri, 16 Aug 2019 09:10:14 +0000 en-US hourly 1 https://wordpress.org/?v=5.2.2 How To Buy MaxiMine Coin (MXM): Beginner’s Guide https://dailycryptocurrency.com/buy-cryptocurrency/how-to-buy-maximine-coin-mxm/ https://dailycryptocurrency.com/buy-cryptocurrency/how-to-buy-maximine-coin-mxm/#respond Sat, 10 Aug 2019 05:52:27 +0000 https://dailycryptocurrency.com/?p=5371 DailyCryptocurrency gives you a simple and easy way to buy MaxiMine Coin (MXM) with credit card, Paypal or from any major bank accounts in almost any country you may be. Follow the simple instructions below on how to buy MaxiMine Coin from all major fiat currencies such as USD, EUR, JPY, GBP, CAD, AUD, NZD or SGD. What is MaxiMine Coin? MaxiMine is a highly efficient and transparent cloud-based pool mining platform. Users receive a portion of the MaxiMine pool rewards by staking the tokens that they own for hashing power. Why Buy MaxiMine Coin? In 2013, MaxiMine CTO, Mr.

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DailyCryptocurrency gives you a simple and easy way to buy MaxiMine Coin (MXM) with credit card, Paypal or from any major bank accounts in almost any country you may be. Follow the simple instructions below on how to buy MaxiMine Coin from all major fiat currencies such as USD, EUR, JPY, GBP, CAD, AUD, NZD or SGD.

maximine

What is MaxiMine Coin?

MaxiMine is a highly efficient and transparent cloud-based pool mining platform. Users receive a portion of the MaxiMine pool rewards by staking the tokens that they own for hashing power.

Why Buy MaxiMine Coin?

In 2013, MaxiMine CTO, Mr. Hua Cai, started mining farms in Inner Mongolia, Sichuan and other areas of Northern China . Since then, his mining farms have been expanding steadily and is well on its way to achieving his vision of a global presence. With his business expertise and technical competence, Mr. Hua Cai aims to make the MaxiMine project a global venture, one that belongs to the world.

Where To Buy MaxiMine?

You can buy, sell or trade MaxiMine on some exchanges only. However you can buy Bitcoin (BTC) and other major altcoins here. I will explain how to buy MaxiMine more below.

1. CoinBase

  • Buy BTC, ETH, XRP and 100+ cryptocoins with credit card at CoinBase
  • Supports major currencies: USD, EUR, GBP, CAD, AUD and more
  • Available in 200 countries

2. Binance

Binance
  • Buy BTC, BCH, ETH, EOS, LTC, NEO, XRP and more with credit card at Binance
  • Supports all major fiat currencies USD, EUR and more
  • Available in all major countries except USA

3. CoinSwitch

coinswitch
  • Buy BTC, ETH and 100+ cryptocoins with credit card at CoinSwitch
  • Supports USD, JPY, RUB, EUR and more
  • Available in all major countries

4. CoinMama

  • Buy BTC, ETH, ETC, BCH, LTC, ADA,QTUM, XRP with credit card, cash or bank transfer (SEPA) at CoinMama
  • Supports USD, EUR, GBP and all currencies
  • Available in more than 180 countries

5. LocalBitcoins.com

  • Buy BTC, ETH and many others with cash or wire transfer at LocalBitcoins.com
  • Supports USD, EUR, GBP and all currencies
  • Available in more than 200 countries except USA, China, Indonesia, Syria and North Korea

How To Buy MaxiMine with Credit Card, Paypal or Bank Account?

Before you can buy, you will need a secure cryptocurrency wallet so that you can store your newly purchased cryptocurrency .

At the moment, there is no direct way to buy MaxiMine (MXM) with a credit card, Paypal, or bank account on any US Exchange.

But, there is a way. The cheapest and most efficient way to buy MaxiMine (MXM) is to first purchase Bitcoin or Ethereum through CoinBase (Currently ETH offers a much lower transfer and exchange fee than Bitcoin.) Then swap it with MaxiMine Coin cryptocurrency.

Step 1: Create an Account

Go to CoinBase to register a new account. However, you can also choose any other exchange listed above. Click Get Started and enter your name, email and password. If you already have an account, skip to Step 3.

coinbase create register sign up account

Step 2: Verify Your Account

Verify your email address to proceed. To prevent identity fraud or theft, you will need a photo ID to make sure it’s really you.

coinbase verify identity

Step 3: Buy Bitcoin (BTC) with Your Credit Card

Once verification is complete, click on the Accounts tab and click “Link a New Account” button to add your payment information.

coinbase link credit card

Click the Trade button and click the Buy tab. Choose your desired coin, enter the amount, and confirm your transaction in the second step. Bitcoin (BTC) is the most widely accepted at exchanges. You can also keep your Bitcoin here in CoinBase and let it appreciate hopefully and then sell or exchange to altcoins later.

coinbase buy bitcoin

Step 4: Sign Up at an Exchange

Now we need to send your Bitcoin cryptocurrency that you have just bought to an exchange where MaxiMine Coin can be traded.

Go to Coincodex to set up your exchange account.

There are other alternative exchanges that also trade in Maximine

Step 5: Receive Bitcoin

Sign up an account and verify your account’s email. Once done, you can now transfer your Bitcoin from CoinBase into Coincodex. Obtain your account’s address and you will be shown your Bitcoin address you can send your cryptocurrency to.

Step 6: Send Bitcoin

Now go back to CoinBase and send the Bitcoin you have just purchased over to your new exchange account. Click on your Accounts tab and click the Send button. Enter the exchange address obtained above and the amount of Bitcoin.

coinbase send bitcoin

Please check and double check that the address is correctly entered. A mistake and you will send your Bitcoin to someone else’s account and you will never see it again.

Step 7: Confirm Transfer

Next head back to the exchange website Coincodex and confirm that you have received the Bitcoin. It can take anything from a few minutes to half an hour for it to show up. You should see it in the My Balance page once done.

Step 8: Buy MaxiMine Coin

Once you have confirmed the Bitcoin is in, it is time to buy MaxiMine. You can check the prices of MaxiMine and other altcoins in the Summary price page.

Go to the Buy/Sell tab and enter your amount and click the Buy button. Once the order is fulfilled, you now have your shiny new MaxiMine in your account. Congratulations! Simple, wasn’t it.

You can either keep it in the exchange or send it to a secure wallet which is highly recommended. These wallets are highly recommended.

  • Trezor
  • Ledger
  • Exodus
  • Electrum

Hope this guide was helpful. Happy trading.

For more beginner’s guides on how to buy altcoins visit our guides.

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How To Buy ZCore (ZCR): Beginner’s Guide https://dailycryptocurrency.com/buy-cryptocurrency/how-to-buy-zcore-zcr/ https://dailycryptocurrency.com/buy-cryptocurrency/how-to-buy-zcore-zcr/#respond Thu, 08 Aug 2019 05:45:54 +0000 https://dailycryptocurrency.com/?p=5167 DailyCryptocurrency gives you a simple and easy way to buy ZCore (ZCR) with credit card, Paypal or from any major bank accounts in almost any country you may be. Follow the simple instructions below on how to buy ZCore from all major fiat currencies such as USD, EUR, JPY, GBP, CAD, AUD, NZD or SGD. What is ZCore? It is 100% open source, with PoW (Proof-of-Work) mining based on the Lyra2z algorithm and maximum supply of 18 million coins. Structured in a robust network with Masternodes and reward of 10 ZCR per mined block every 90 seconds. Why Buy ZCore? ZCore was born out of a

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DailyCryptocurrency gives you a simple and easy way to buy ZCore (ZCR) with credit card, Paypal or from any major bank accounts in almost any country you may be. Follow the simple instructions below on how to buy ZCore from all major fiat currencies such as USD, EUR, JPY, GBP, CAD, AUD, NZD or SGD.

how to buy zcore

What is ZCore?

It is 100% open source, with PoW (Proof-of-Work) mining based on the Lyra2z algorithm and maximum supply of 18 million coins. Structured in a robust network with Masternodes and reward of 10 ZCR per mined block every 90 seconds.

Why Buy ZCore?

ZCore was born out of a desire to create a cryptocurrency that is truly accessible to everyone and revolutionize the cryptocurrency market. It is a truly useful currency that is easily used by anyone.

Where To Buy ZCore?

You can buy, sell or trade ZCore on some exchanges only. However you can buy Bitcoin (BTC) and other major altcoins here. I will explain how to buy ZCore more below.

1. CoinBase

  • Buy BTC, ETH, XRP and 100+ cryptocoins with credit card at CoinBase
  • Supports major currencies: USD, EUR, GBP, CAD, AUD and more
  • Available in 200 countries

2. Binance

Binance
  • Buy BTC, BCH, ETH, EOS, LTC, NEO, XRP and more with credit card at Binance
  • Supports all major fiat currencies USD, EUR and more
  • Available in all major countries except USA

3. CoinSwitch

coinswitch
  • Buy BTC, ETH and 100+ cryptocoins with credit card at CoinSwitch
  • Supports USD, JPY, RUB, EUR and more
  • Available in all major countries

4. CoinMama

  • Buy BTC, ETH, ETC, BCH, LTC, ADA,QTUM, XRP with credit card, cash or bank transfer (SEPA) at CoinMama
  • Supports USD, EUR, GBP and all currencies
  • Available in more than 180 countries

5. LocalBitcoins.com

  • Buy BTC, ETH and many others with cash or wire transfer at LocalBitcoins.com
  • Supports USD, EUR, GBP and all currencies
  • Available in more than 200 countries except USA, China, Indonesia, Syria and North Korea

How To Buy ZCore with Credit Card, Paypal or Bank Account?

Before you can buy, you will need a secure cryptocurrency wallet so that you can store your newly purchased cryptocurrency .

At the moment, there is no direct way to buy ZCore (ZCR) with a credit card, Paypal, or bank account on any US Exchange.

But, there is a way. The cheapest and most efficient way to buy ZCore (ZCR) is to first purchase Bitcoin or Ethereum through CoinBase (Currently ETH offers a much lower transfer and exchange fee than Bitcoin.) Then swap it with ZCore cryptocurrency.

Step 1: Create an Account

Go to CoinBase to register a new account. However, you can also choose any other exchange listed above. Click Get Started and enter your name, email and password. If you already have an account, skip to Step 3.

coinbase create register sign up account

Step 2: Verify Your Account

Verify your email address to proceed. To prevent identity fraud or theft, you will need a photo ID to make sure it’s really you.

coinbase verify identity

Step 3: Buy Bitcoin (BTC) with Your Credit Card

Once verification is complete, click on the Accounts tab and click “Link a New Account” button to add your payment information.

coinbase link credit card

Click the Trade button and click the Buy tab. Choose your desired coin, enter the amount, and confirm your transaction in the second step. Bitcoin (BTC) is the most widely accepted at exchanges. You can also keep your Bitcoin here in CoinBase and let it appreciate hopefully and then sell or exchange to altcoins later.

coinbase buy bitcoin

Step 4: Sign Up at an Exchange

Now we need to send your Bitcoin cryptocurrency that you have just bought to an exchange where ZCore can be traded.

Go to Crex24 to set up your exchange account.

crex24

There are other alternative exchanges that also trade in ZCore:

Step 5: Receive Bitcoin

Sign up an account and verify your account’s email. Once done, you can now transfer your Bitcoin from CoinBase into Crex24. Obtain your account’s address and you will be shown your Bitcoin address you can send your cryptocurrency to.

Step 6: Send Bitcoin

Now go back to CoinBase and send the Bitcoin you have just purchased over to your new exchange account. Click on your Accounts tab and click the Send button. Enter the exchange address obtained above and the amount of Bitcoin.

coinbase send bitcoin

Please check and double check that the address is correctly entered. A mistake and you will send your Bitcoin to someone else’s account and you will never see it again.

Step 7: Confirm Transfer

Next head back to the exchange website Crex24 and confirm that you have received the Bitcoin. It can take anything from a few minutes to half an hour for it to show up. You should see it in the My Balance page once done.

Step 8: Buy ZCore

Once you have confirmed the Bitcoin is in, it is time to buy ZCore. You can check the prices of ZCore and other altcoins in the Summary price page.

Go to the Buy/Sell tab and enter your amount and click the Buy button. Once the order is fulfilled, you now have your shiny new ZCore in your account. Congratulations! Simple, wasn’t it.

crex24 buy zcore

You can either keep it in the exchange or send it to a secure wallet which is highly recommended. These wallets are highly recommended.

  • Trezor
  • Ledger
  • Exodus
  • Electrum

Hope this guide was helpful. Happy trading.

For more beginner’s guides on how to buy altcoins visit our guides.


ZCore Technical Specifications

  • Official name: ZCORE
  • Ticker: ZCR
  • Algorithm: Lyra2z / PoW
  • Maximum Supply: 18 million
  • Reward per block: 10 ZCR
  • Block time: 90 seconds
  • Diff Retargeting: Dark Gravity Wave(v3)
  • Halving: 4% for every 394,200 blocks (~ 1 year)
  • Masternode Collateral: 5,000 ZCR
  • Block Reward Distribution: 50% Miners / 50% Masternodes
  • Availability of InstantSend and PrivateSend

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Bitcoin Explained: Just Enough to Impress Your Friends https://dailycryptocurrency.com/bitcoin/bitcoin-explained-just-enough-to-impress-your-friends/ https://dailycryptocurrency.com/bitcoin/bitcoin-explained-just-enough-to-impress-your-friends/#respond Sat, 09 Jun 2018 08:44:42 +0000 https://dailycryptocurrency.com/?p=5406 If you have told your family, friends, or coworkers about cryptocurrency, they have likely wanted Bitcoin explained to them. Maybe they are skeptical about the whole thing and want to make sure you are not involved with some type of cryptocurrency scam. But more likely, they have heard about what you are up to and may want to get involved themselves. “What are bitcoins, and how do I get some?” If you attend a dinner party and a friend or new acquaintance asked you this question, would you be able to provide a credible answer? Sure, it’s nice to sound

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If you have told your family, friends, or coworkers about cryptocurrency, they have likely wanted Bitcoin explained to them.

Maybe they are skeptical about the whole thing and want to make sure you are not involved with some type of cryptocurrency scam.

But more likely, they have heard about what you are up to and may want to get involved themselves.

“What are bitcoins, and how do I get some?”

If you attend a dinner party and a friend or new acquaintance asked you this question, would you be able to provide a credible answer?

Sure, it’s nice to sound like you know what you’re talking about. It should be more than that. If you truly understand something, you should be able to teach others. Not only that but sometimes the best way to learn is by teaching others.

Want to make sure you are prepared to explain the Bitcoin basics? Or do you want to make sure you’ve had Bitcoin explained properly to yourself? Let’s take a look at some big ideas.

bitcoin

Bitcoin explained

Bitcoin is a digital currency launched in 2009. It can be used as a payment method without requiring any third-party to handle the transaction. Because there is no single financial institution or government organization that controls or regulates Bitcoin, it is said to be “decentralized.” This shared ownership, by everyone who owns part of the currency, helps to prevent abuse and fraud.

The inventor of Bitcoin is Satoshi Nakamoto. It is believed that Nakamoto is actually an alibi for the true Bitcoin creator, another individual or a group of programmers who worked on the project and wished to remain anonymous.

How are Bitcoins generated?

There is a limited supply of Bitcoins that will ever be produced. Nakamoto set this supply limit at 21 million. This artificial scarcity protects against inflation. Bitcoins are gradually generated over an extended period of time. This process is known as Bitcoin mining.

Bitcoin mining uses a proof-of-work system. Bitcoin miners are rewarded with bitcoins for solving complex math problems using computer software. These problems are resource-intensive to solve.

If this “work” was easy to perform, Bitcoins would be generated rapidly – creating a surplus of Bitcoin and driving down their value. Instead, bitcoin mining demands computational power that regulates the speed of production and creates a stable and fair system for distributing the currency.

bitcoin value

What is a Bitcoin worth?

The monetary price of Bitcoin is constantly fluctuating according to the economics of Bitcoin markets. So far in 2017, Bitcoin has seen a high price of $3000 and a low price of $735.

It would be silly to ask, “How much will Bitcoin be worth in 10 years?” After all, there is no way of knowing. The price of Bitcoin in 10 years could be $100,000 or it could be zero dollars. It’s fun to speculate and come up with an educated guess – but at the end of the day, it’s still just a guess!

It is expected that the price of Bitcoin will continue to rise as long as people continue to find it useful. This is largely in part of an artificially-created level of scarcity. After all 21 million Bitcoins have been mined, no more will be created

Because the supply is fixed, the price will rise as the demand grows. Additionally, scarcity will grow as Bitcoins are gradually lost over time. It’s hard to imagine losing a Bitcoin like you might lose your cell phone or a pair of keys. However, it happens all the time, often due to the death of their owner, a lost physical bitcoin wallet, or a forgotten password.

To truly understand what a bitcoin is worth, you should also consider the other factors that make Bitcoin valuable.

bitcoin

How does Bitcoin have value?

At some point, you may have been asked, “Why should I own cryptocurrency?” There are technological features that make Bitcoin and other digital currencies unique from fiat (physical, government-regulated currencies). These special features show how Bitcoin has value in addition to its monetary value. If you have had Bitcoin explained to you in detail, this should be a quick review.

A few of the valuable Bitcoin features include:

  • Freedom of payment: send and receive payments at any time
  • Privacy and anonymity: protect your personal information
  • Decentralization: no government or organization “owns” Bitcoin

Simply put, one of the primary benefits of Bitcoin is the ability to make private transactions without relying on a third-party that may demand fees, become corrupt or fraudulent, or act carelessly with an individual’s personal information.

How does Bitcoin make money?

There is no “official Bitcoin organization” that profits from the use of Bitcoin. The companies that profit from Bitcoin are not owners of the technology – they are intermediaries that charge fees for making acquiring or transferring Bitcoins simpler. However, it is possible to own and use Bitcoin without paying any of these fees.

Bitcoin explained simply

These Bitcoin basics should be enough to answer others’ questions about cryptocurrency, and maybe encourage them to do some additional research of their own.

For those who consider themselves Bitcoin experts, it might be easy to jump into fringe ideas like Bitcoin faucets or arbitrage bots.

Just remember: the more you share, the more questions your friends will have. Be careful what you wish for!

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Bitcoin ATM: A Simple Guide https://dailycryptocurrency.com/bitcoin/bitcoin-atm-a-simple-guide/ https://dailycryptocurrency.com/bitcoin/bitcoin-atm-a-simple-guide/#respond Wed, 16 May 2018 08:06:43 +0000 https://dailycryptocurrency.com/?p=5400 “Siri, find a Bitcoin ATM near me.” In the not-so-distant future, this request might be a common one. The first Bitcoin ATM was set up in 2013. Since then, the machines have been placed all around the world. Although they are still not common – mostly planted in the world’s largest tech cities – we can expect that cryptocurrency ATM’s will continue to increase in popularity as digital currencies became more widely adopted and practical for everyday use. Today marks 50 years since the first ATM machine (for fiat) was opened. We figured this would be a convenient occasion to

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“Siri, find a Bitcoin ATM near me.”

In the not-so-distant future, this request might be a common one. The first Bitcoin ATM was set up in 2013. Since then, the machines have been placed all around the world.

Although they are still not common – mostly planted in the world’s largest tech cities – we can expect that cryptocurrency ATM’s will continue to increase in popularity as digital currencies became more widely adopted and practical for everyday use.

Today marks 50 years since the first ATM machine (for fiat) was opened. We figured this would be a convenient occasion to explain the cryptocurrency version of these cash machines.

How does a Bitcoin ATM work?

Traditional ATM machines are tied to a specific bank. They often require you to have an existing account with that bank; otherwise, you are likely to pay an additional service charge.

These cash machines allow customers to participate in financial transactions:

  1. without having to interact directly with a bank employee, and
  2. during any time of the day, without worry of being closed outside of business hours

These two benefits remain true for the blockchain version. However, the cryptocurrency machines operate a little differently. Rather than connecting to a financial institution such as a bank, these machines instead work through a cryptocurrency exchange.

Using one of these machines could save you a step if you prefer to keep a significant portion of your personal or business funds stored in Bitcoin. If you sell an item or service in which you receive cash, you can convert the money directly into digital currency without ever depositing it into the bank.

Most cryptocurrency exchanges require 3-5 business days to transfer money into your bank account – one of these cryptocurrency machines allows you to withdraw that cash instantly. If I had an emergency in which I needed to withdraw a sum of money but didn’t have that available in my checking account, I could simply search for a local Bitcoin ATM near me.

atm

Types of Bitcoin ATM’s

There are two main types of machines you can find:

  1. One-way ATM’s: Deposit cash to receive Bitcoins OR deposit Bitcoins to receive cash
  2. Two-way ATM’s: Deposit cash to receive Bitcoins AND deposit Bitcoins to receive cash

The majority of these machines are found in the United States and Canada, with several European countries following behind.

The cost of a Bitcoin cash machine typically ranges between $5,000 to $15,000 each. There are three main manufacturers:

  1. Genesis Coin: based in San Diego, offers a two-way machine with support for users who own a Bitcoin alternative
  2. General Bytes: a Czech company offering both one- and two-way machines
  3. Lamassu: a New Hampshire company that will soon offer Ethereum support

These three main companies own a combined 85% of all machines in the world. The first company to enter the market was Robocoin. The company shut down in 2015. While you may still come across Robocoin machines, they have since been updated/modified to run another system’s software.

Bitcoin ATM fees

A word of caution: the convenience of using one of these machines can come at a cost. Almost all of these cash machines demand higher fees that you would normally see on a withdrawal transaction. An average transaction fee will be somewhere between 8-10%.

While these ATM fees are not always exorbitant or exploitative, it would definitely be wise to carefully review the financial terms of the agreement before completing a transaction.

If possible, use the same machine after finding one that you feel offers a fair rate. Bitcoin ATM fees can be different at each machine, depending on which cryptocurrency exchange the machine is attached to, and if there are fees from any state or country regulations that might apply.

Over time, we expect the cost of Bitcoin ATM fees to drop as the supply of these machines increases. I don’t have many Bitcoin ATM’s near me, but in the future, we may just see them on every block!

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The Many Uses of the Bitcoin Blockchain https://dailycryptocurrency.com/blockchain/the-many-uses-of-the-bitcoin-blockchain/ https://dailycryptocurrency.com/blockchain/the-many-uses-of-the-bitcoin-blockchain/#respond Tue, 10 Apr 2018 02:15:56 +0000 https://dailycryptocurrency.com/?p=5288 It can be argued that the main benefit of Bitcoin isn’t the currency itself, but the technology. This technology can be modified, adapted and implemented in new forms depending on the requirements of the public, such as functionality, ease of use and security. Already several new currencies appear at a staggering rate, sometimes even ten per month, but they are based on the principles and technology that gave Bitcoin the widespread recognition and maybe it will give it future widespread use. International Transfers The blockchain in particular allows it to be a decentralized method of exchange and makes it possible

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It can be argued that the main benefit of Bitcoin isn’t the currency itself, but the technology. This technology can be modified, adapted and implemented in new forms depending on the requirements of the public, such as functionality, ease of use and security. Already several new currencies appear at a staggering rate, sometimes even ten per month, but they are based on the principles and technology that gave Bitcoin the widespread recognition and maybe it will give it future widespread use.

blockchain

International Transfers

The blockchain in particular allows it to be a decentralized method of exchange and makes it possible to realize international transfers quickly and cheaply. Some people can be skeptical about storing large quantities of money and ownership records in the virtual space, but as new technology is adopted and accepted because it has an everyday use, this psychological impediment will also stop to be an important issue, as people begin to integrate it into their everyday lives.

Micropayments

One use of the blockchain can be for micropayments, because it makes sense that when we are talking about a social network or a mobile app, the consumer is already interacting with a virtual environment, so it is safe to assume he will be less squeamish about using a virtual currency in order to make payments in that environment. This will help unify all the various virtual currencies that are specific to one application, such as Linden dollars.

Crowdfunding

There is also the relatively new phenomenon of crowdfunding that takes the power away from sale managers and companies and gives it to the public. The public can choose if they want a project realized no matter if the financial manager says it is feasible. In this way people can fund projects that don’t have immediate mainstream appeal, if they think the idea is good and the execution is suitable. Websites like Kickstarter can also benefit from cyptocurrency, because it gives the public a comfortable and quick way of investing in a project and then receiving a copy of it when it is finished.

Issues?

A problem that is specific to the blockchain is the block size, which as of February 2015 has reached the level of 28 GB. It is arguable that it is not difficult to store that quantity of information given the size of the hard disks sold today, but it is inconvenient to wait for a wallet to update itself with this enormous amount of information before it is usable. The developers say that is trivial to prune the blockchain in order to make the system work without the 28 GB of data, but if they do that it will be a problem when new users will try to enter the network because they need to download the whole blockchain. This is said to be fixed in a future version of the Bitcoin wallet. It is hard to understand the behavior of the developers that say with a superior attitude that something is trivial and they don’t do anything by letting new entrants to download the latest version of the blockchain for days. In order for the currency to gain the followers it needs for widespread adoption, this feature needs to be put into place and it will be interesting to see the evolution of the Bitcoin price when this feature is fixed.

The technology behind the blockchain is not limited to the financial world. Depending on its future development, it is also possible to be implemented for biological and medicinal projects related to the human genome.

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Why Cryptocurrency Is Here To Stay https://dailycryptocurrency.com/cryptocurrency/why-cryptocurrency-is-here-to-stay/ https://dailycryptocurrency.com/cryptocurrency/why-cryptocurrency-is-here-to-stay/#respond Thu, 08 Mar 2018 03:12:44 +0000 https://dailycryptocurrency.com/?p=5106 There are many who see digital currencies as just a passing trend. Others, see it as a much needed update to the banking and money wiring industries. Here are a few reasons why we know the latter is the winner.  Let’s start with transaction fees. Customers can relate to this, because they want to circumvent the fees associated with the credit cards they use, but in the case of the sellers, the situation is more obvious. What Merchants have to Gain If you are a merchant and you wish to find a payment processing company to do business with, finding the right one

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There are many who see digital currencies as just a passing trend. Others, see it as a much needed update to the banking and money wiring industries. Here are a few reasons why we know the latter is the winner.  Let’s start with transaction fees. Customers can relate to this, because they want to circumvent the fees associated with the credit cards they use, but in the case of the sellers, the situation is more obvious.

What Merchants have to Gain

If you are a merchant and you wish to find a payment processing company to do business with, finding the right one can be a difficult task, because between the large number of companies available, not many are without complaint. Many merchants are discontent about, or downright hate, the company they use for payment processing, because of the statement fees, the intercharge fees, the cancelation fees, the lack of customer support and the overpriced payments hardware. Cryptocurrency can do a lot of good here, something that any other type of currency may fail to do.

Getting the merchants to trust and use cryptocurrency as a method of payment is another story. We are talking about the general merchants, who are not early adopters and don’t necessarily sell virtual products. They have reasons to be skeptical because what trust can someone have in a currency that peaks and plummets on a regular basis and that has a lot of illegal activities associated with it. The solution here would be that the same people who think about algorithms and mining to come up with a way to keep the value of the coin stable. This might require a currency that is not as decentralized as Bitcoin.

Mining Dilemma

It is possible that the mining process can be improved, because Bitcoin has one third of the energy usage of the whole banking sector while storing a value totaling the equivalent of 1% of that existing in the banking sector. It is uncertain how it will scale if the price of Bitcoin rises, because then there will be more resources dedicated to mining, but alternatives that use energy more efficiently exist.

However efficient or inefficient mining will be it will not affect the future prospects of cryptocurrency in general because there already are coins that are based on different algorithms, such as scrypt, or that dodge the need of mining altogether by being pre-mined, such as Ripple.

cryptocurrency

Currencies that Give Back to the Community

Another reason why cryptocurrency has a set place in the future is that some currencies are useful for the community or give other rewards for participating in their development. Gridcoin operates with both a Proof of Work algorithm and with a software called BOINC or Berkley Open Infrastructure Network Computing Grid. Miners can benefit from a larger reward of coins if they allow the software to use their computer’s resources for scientific research, such as medicinal applications, global warming or pulsars.

The Ripple developers also have shown that they want to support their community by making special deals for innovative businesses and giving their XRP away to early adopters or charities. Ripple also has a reward in the form of “negative interchange” that it opposite of what credit companies are doing. Users can benefit from this reward by using the merchants associated with the Ripple network. Last year, Ripple Labs had a program called Computing for Good that was similar in scope to what Gridcoin is trying to accomplish. Similar programs may appear which will contribute to the widespread and recognition of the supporting coin.

Solarcoin is yet another example of how companies can use cryptocurrencies for the general good. Users can receive Solarcoins simply by providing the proof that they have solar panels and they produce solar energy, therefore contributing to the propagation of green energy.

Identifying the usefulness and the benefits that a coin brings to the community can be a good method to separate the coins with real growth potential from the scams that are sometime present in the market.

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Best Ways to Get Your Foot into the Crypto Scene. https://dailycryptocurrency.com/cryptocurrency/best-ways-to-get-your-foot-into-the-crypto-scene/ https://dailycryptocurrency.com/cryptocurrency/best-ways-to-get-your-foot-into-the-crypto-scene/#respond Sun, 11 Feb 2018 10:48:06 +0000 https://dailycryptocurrency.com/?p=5093 NOTICE (MUST READ BEFORE CONTINUING):  Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this site, expressed or implied herein, are committed at your own risk, financial or otherwise. What Is Cryptocurrency? Cryptography has to do with coding to keep data secure, and cryptocurrency is a digital or virtual asset that uses cryptography as a security measure. For that reason, it’s hard to counterfeit. Bitcoin is one of the first cryptocurrencies to hit the

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NOTICE (MUST READ BEFORE CONTINUING): 

Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this site, expressed or implied herein, are committed at your own risk, financial or otherwise.

What Is Cryptocurrency?

Cryptography has to do with coding to keep data secure, and cryptocurrency is a digital or virtual asset that uses cryptography as a security measure. For that reason, it’s hard to counterfeit. Bitcoin is one of the first cryptocurrencies to hit the scene. It was launched in 2009 by “Satoshi Nakamoto,” a pseudonym that could be a person or a group (it was open source and peer to peer). The thing is, there’s no central agency (like the government) that issues or regulates these cryptocurrencies.

Is Cryptocurrency a Good Investment?

Some people say investing is like playing the lottery. That’s not entirely accurate, though. Long-term, broad investing, and the kind that will help you build a nest egg over time, is very different from speculative, active trading. Cryptocurrency, a volatile, unpredictable investment, falls into that category.

With active trading, you’re taking a guess at how a specific investment (or investments) will trade on a short-term basis. The goal isn’t to simply keep up with the stock market like it is with long-term investing; the goal is to make a bunch of money and get rich quickly. And you know, some Bitcoin and Ethereum investors did get rich quickly! Seems like a good deal, right? But the thing is, the price of these cryptocurrencies often swings from one extreme to another. (In one day in June, the price of Ethereum plummeted from $319 to $0.10!)

The bottom line: get rich quick schemes rarely work out well. Sure, people occasionally win the lottery, but for most of us, investing shouldn’t feel like playing the lottery. It should be a long game, allowing you to gradually build wealth over time with much less risk, so never put in more than you willing to lose as this industry is still very new and small but has a very promising future.

wallet

First you will need wallets to store your funds in

Since the start of crypto there has been a lot of stigma around how to store funds. I will, say this exchanges can go offline over night and would highly suggest storing in a wallet that you can access from your PC. When mtgox went dark nearly 0.5 of a trillion dollars disappeared overnight. The best wallets that support the currencies that I have suggested below are exodus, cardano wallet, ark wallet and verge qt wallet. It is advisable to store these wallets on a USB thumb drive to limit the reach if your computer was to get a virus. Run the installer and change the file destination to the USB of choice.

Right now that you have your wallets all set up and remember save you private keys. Ark will make you copy the 12 phrase key before it will allow you to continue to set up so save it in a word document so if you ever lose your USB you can recover the funds this step is unbelievably important and don’t continue before this step is complete. Follow the instructions below if you didn’t save these when setting up the wallets.

Exodus Wallet

Open the application. On the left hand side of the wallet you will see four options below the account balance. Click on the backup option and then click the “show 12-word phrase” button. A message will pop up read the info as this is very important stuff to know about. after reading click the “show phrase” button. a list of random words will appear open notepad and type them into notepad.

ARK Wallet

Doesn’t look like there is an option to view the pass phrase after creation so before you transfer funds if you haven’t saved this you will have to create a new account and delete the previous. Had a panic attack when I couldn’t find my recovery phrase myself there… but were good ahhh.

Verge-qt Wallet

This wallet is very slow when loading if it seems like its taking forever and continues to display a message saying “Loading block Index” don’t worry give it some time and it will eventually load. To speed the process up, Open task manager and press v on the keyboard, Right click on verge core (OSS GUI CLIENT) and select go to details, Right click on VERGE-qt.exe hover over set priority and select HIGH. When the verge client hits around the 530mb mark under memory tab and it should finish up loading.

Once in you can backup the wallet by clicking File in the top left then back up wallet save the Wallet.DAT file to you USB.

Save all this information in an encrypted winrar file for safe keeping on your USB stick. To do this create a folder on your desktop and name it what ever you want. Place your text file with all the above information into this folder along with the verge wallet.dat file. Right click on the folder and click on the winrar option that says add to archive. Click on the set password button in the lower right side above the OK, cancel and help buttons. Enter a password of your choice and enable the check box that says Encrypt file names. This ensures that if a wrong pass is entered the file names are still not visible and will ask for the pass again. That’s done now its time to buy some coins and send them to the wallet addresses that were set up during the installation of the wallets.

Now for the fun bit.

ethereum bitcoin ripple cryptocurrency

What I would suggest as a basic portfolio?

When it comes to portfolios in this space due to the volatility of most of the currencies its advisable not to hold all your eggs in one basket. The general rule of thumb as bitcoin continues to grow is to have a long term portfolio of a 30% Bitcoin / 30% Ethereum and the rest can be invested in your favorite alt-coins. I have listed a few altcoins below which give you a basic run through of what these are and how these could be great investments.

Where do you buy different coins?

Before we continue this is a good place to have a look into what coins you want to hold I have listed a few of my portfolio options that I am heavily invested in below with as short an intro video for each which explain what they are, how they are different and why they might be good long term holds. This is completely down to you and this is where it gets fun. If you don’t want to go with the same portfolio make sure you look int to currencies their wallets and the tech behind them but if you do want to go for the same coins then the wallets you have installed will be sufficient to hold all of the options below.

First off you will have to buy bitcoin to be able to buy most of the different types of alts and ethereum so to get started with that head over to Coinbase which is by far the easiest way to purchase bitcoin. Follow the tutorial below to sign up and buy bitcoin.

You will now have to create an exchange account the one I personally use is a site called Bittrex.com. Its simple and easy to use and I will include a video below on how to use it from sending coins to your account and trading on their platform. Only send the number of bitcoin that you are wanting to buy alts with to your Bittrex account as the rest will be getting deposited in you PC wallet that was stored on you USB for future gains. So send 33.75% of what you buy in bitcoin to the Bittrex account follow the tutorial below to find out how you do this.

Once you have deposited it will take around 10-60 mins for the blockchain to process the transaction make sure you use the correct wallet address as it is unrecoverable if the bitcoin is sent to the wrong address. Always make sure you triple check the first four and the last four chars and numbers of an address just to make sure its correct. Once you have deposited in Bittrex head back to Coinbase and send the remaining balance to your Exodus wallet. You can do this by heading to the wallet tab in Exodus and clicking on bitcoin. Click the receive button and you will be presented with an address. Click on the furthest left icon and it will copy this address to your clipboard. This is the address you want to send the rest of the funds in your Coinbase too. This again will take a while but it will appear in time so just let it do its thing. Once the transfer is complete you will see the bitcoin in your Exodus wallet. You will now want to exchange that into bat and ethereum so head to the exchange tab in the wallet and click on the drop down below receive and you will see a bunch of coins. If there is nothing here go back to the portfolio tab and click on the plus icon in the top right of the screen. Select a bunch of coins that you would like to add to the wallet in this example ethereum and bat and then head back to the exchange tab. You will now see these coins in the drop down menu enter the amount you want to exchange and it will tell you how much you will get for the value. Once you have read over everything you can click the exchange button and boom its done. Again this might take some time but it will eventually appear in your portfolio tab. Do the same on Bittrex and send to the appropriate wallet and everything will be sorted. You are now well on your way into this crazy industry.

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Peculium Guarantees Users Optimal ROI Though Artificial Intelligence https://dailycryptocurrency.com/press-releases/peculium-guarantees-users-optimal-roi-though-artificial-intelligence/ https://dailycryptocurrency.com/press-releases/peculium-guarantees-users-optimal-roi-though-artificial-intelligence/#respond Mon, 22 Jan 2018 01:27:08 +0000 http://dailycryptocurrency.com/?p=4872 Is there a sure way to make an investment and expect guaranteed huge returns? The answer that investment experts will give you today is cryptocurrencies. Take an example of Monero (a leading cryptocurrency) launched in 2014. In 2014, the cryptocurrency had a value of less than one US dollar. Between 2014 and 2018, this value has grown exponentially with over 35,000%. To hit such huge growth, investors must analyze tons of data before making a move. Efforts to do this analysis manually have been the main cause of huge losses for people. Now, Peculium has the answer the problem; AIΞVE.

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Is there a sure way to make an investment and expect guaranteed huge returns? The answer that investment experts will give you today is cryptocurrencies. Take an example of Monero (a leading cryptocurrency) launched in 2014. In 2014, the cryptocurrency had a value of less than one US dollar. Between 2014 and 2018, this value has grown exponentially with over 35,000%. To hit such huge growth, investors must analyze tons of data before making a move. Efforts to do this analysis manually have been the main cause of huge losses for people. Now, Peculium has the answer the problem; AIΞVE.

How Peculium helps users enjoy optimal ROI

The Peculium AIΞVE is the latest technology in AI designed for analyzing big data. So big is the data in the cryptocurrency industry that traders can no longer be sure of making the best move. But Peculium AI can analyze thousands of concurrent data within seconds and make the best prediction for you.

Using predictive algorithm, Peculium easily identifies risks and calculates their probability of occurrence. You no longer need to use a lot of time scanning through crypto news, and at times following false reports, the Peculium signals you when to hold or make a move.

The problem of Big Data will keep growing. With more than 1200 cryptocurrencies having entered the market in only ten years and hundreds of others already in waiting, using AI is the best way to establish the best move.

This video gives a detailed insight into how the Peculium platform works:

Own a piece of Peculium by participating in its ICO

Peculium is offering people with an opportunity to own it. Yes, owning a piece of the project. The Peculium ICO that is already running provides users an opportunity to invest in Peculium native tokens (PCL) and enjoy huge growth once the ICO is over. Do not be left behind as others take advantage of this great opportunity. If you buy the Peculium ICO before the closing date, 24th January 2018, you will get a bonus of 10%. Take the opportunity today and become part of this great technology for assurance of rapid growth in investment.

Disclaimer: This is a sponsored press release is published for informational purposes only. The ideas expressed in this press release are solely the opinions of the original author(s) and do not necessarily represent the opinions of Daily Cryptocurrency. We offer no guarantees or warranties regarding the accuracy of this content. Any action taken as a result of information, analysis, or advertisement on this site is ultimately the responsibility of the reader.

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Healthureum: Apex Blockchain Based Solution for Healthcare Management Systems https://dailycryptocurrency.com/press-releases/healthureum-apex-blockchain-based-solution-healthcare-management-systems/ https://dailycryptocurrency.com/press-releases/healthureum-apex-blockchain-based-solution-healthcare-management-systems/#respond Thu, 18 Jan 2018 01:44:59 +0000 http://dailycryptocurrency.com/?p=4874 Cryptocurrencies are the new buzzword. Everyone from your office co-workers to the people you meet on public transport are now talking about cryptocurrencies. The craze has hit an all-time high. However, cryptocurrencies are all about the technology that powers them. A new blockchain based system is here to solve various problems faced by the existing healthcare systems. This is the Healthureum platform which comes with the HHEM cryptocurrency. Healthureum is a blockchain based solution that will help solve various problems of the healthcare industry. Of late there has been a lack of faith due to various malpractices in healthcare. Healthureum will help

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Cryptocurrencies are the new buzzword. Everyone from your office co-workers to the people you meet on public transport are now talking about cryptocurrencies. The craze has hit an all-time high. However, cryptocurrencies are all about the technology that powers them. A new blockchain based system is here to solve various problems faced by the existing healthcare systems. This is the Healthureum platform which comes with the HHEM cryptocurrency.

Healthureum is a blockchain based solution that will help solve various problems of the healthcare industry. Of late there has been a lack of faith due to various malpractices in healthcare. Healthureum will help bring in more transparency in the healthcare system as well as infuse more trust between the system and the users.

Healthureum provides solutions such as a better inventory management, a better and faster means of payment, a more secure place to store all healthcare records, as well as a place where doctors can be contacted and consulted with ease. The system comes with its own cryptocurrency – the HHEM cryptocurrency token as well. It is using this cryptocurrency token that all payments will take place on the platform.

This video will provide more information on the Healthureum network:

Understanding The Healthureum Platform

Healthureum was first conceptualized back in the September of 2016 when a team of experts from various fields and of various nationalities came together to discuss this technology which is all set to reform the way healthcare functions. The Healthureum platform is all set to bring in a change in the way we know healthcare infrastructures to be. Here’s a glimpse at some of the key features of this Ethereum based platform and why it is the key to increasing transparency.

Faster, Safer means of payment

The healthureum platform provides a faster and safer means of payment with the help of the HHEM cryptocurrency token. The token, similar to Bitcoins carries a monetary value. Patients no longer need to pay in cash or via bank as these tokens would be deducted from the patient’s account when they are charged for a healthcare related service. This is a faster, better and safer means of payment than traditional cash based transfers. Patients would be given an exact breakdown of all that they have paid for.

Easier way to connect with doctors

Healthureum also allows patients to easily connect with the doctors for consultation from wherever they are. These could be video calls too and the doctors can consult the patients. The patients would be charged via HHEM tokens which would be paid for the doctor’s time and consultancy.

Improved Inventory Management

The system would keep track of the stock and the inventory at the hospital and would automatically reorder the items which are falling low on supply. The payment to the vendors would be made via the HHEM cryptocurrency tokens. This eliminates the middle men and makes the process more transparent

Privacy and Record Keeping

Medical records need to be kept private. That is one of the biggest needs of the hour as people often tend to misplace them. If these records fall in the wrong hands they can be used for malicious purposes. Moreover, these medical records help keep the doctors updated on the patient’s medical conditions. These records are also used for insurance claims, etc. These need to be kept safe and what better than a blockchain based system to keep things safe.

Philanthropy

Philanthropy plays a major part in healthcare systems. The blockchain based technology offers users with an easy way of making philanthropic donations using the HHEM cryptocurrency token with ease.

For more details on the Healthureum platform, do check out the website at www.healthureum.io

Disclaimer: This is a sponsored press release is published for informational purposes only. The ideas expressed in this press release are solely the opinions of the original author(s) and do not necessarily represent the opinions of Daily Cryptocurrency. We offer no guarantees or warranties regarding the accuracy of this content. Any action taken as a result of information, analysis, or advertisement on this site is ultimately the responsibility of the reader.

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