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We are now accepting Amex for #ETH purchases. Use you credit card to purchase #Crypto today! #Ethereum #Cethereum #Blockchain https://www.instagram.com/p/CCHTg3tBWzN/?igshid=1get7ahy2z49v

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We are now accepting Visa, Mastercard, and Discover payments for instant Ethereum purchases. Visit Cethereum.com today! #ETH #Ether #Ethereum #Cryptocurrency #Blockchain #Cethereum https://www.instagram.com/p/B-DQDFfgxxY/?igshid=6omm1ppybjn2

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More About Blockchains

When talking about cryptocurrencies or new technologies like Ethereum, we often hear the word “blockchain.” It has become one of those cool, new words that pops up when discussing all this new tech. So what is a blockchain? In short, simple terms it is a public ledger that hold records of transactions. It really is that simple. But there is a lot more to it when discussing cryptocurrencies, digital assets, money and even real property.

The concept of a blockchain began in 1991. But it wasn’t utilized until the creation of the first cryptocurrency in 2009 – Bitcoin. A blockchain is a series of informational records called blocks. It can be thought of like an accounting ledger that lists assets paid in and assets paid out. But instead of one accountant having access to the ledger in a central location, blockchains are kept on an open network. Transactions can be viewed by anyone on the network. And instead of one person keeping the books, copies of the ledger are kept on tens of thousands of computers called nodes all across the world. Those are the two main things that set blockchains apart from traditional centralized banking and record-keeping.

Whenever someone wants to add a block of new transactions to the blockchain, it gets distributed to all the nodes to check for validity. If the data in the block checks out, a new block is added. That makes the process accountable to the large number of server nodes, which in turn provides more transparent and honest transactions.

Once you understand how the process works, you can begin to see how blockchains might improve things in many areas other than banking. It’s ability to track money (whatever form that might be) is easy to grasp. Transferring funds reliably via a self-validating system of nodes makes sense. But an open and accountable public ledger could be used to track and process things other than money.

Blockchain technology can be used to track supply chains to make sure products are authentic and safe. That could be very useful for tracking medications for patients or food to make sure it’s safe to eat. It could be used to validate and secure elections in democracies where governments corruption is a problem. It is being considered for use with digital identities so people can access services with a secure ID. It could protect intellectual property rights for musicians and artists who might be subject to unlawful use of their copyrighted material. The list of potential uses for blockchain keeps expanding.

Blockchains are evolving. There are different types of blockchains created for different purposes. The Ethereum platform uses blockchains that utilizes ‘smart contracts’ – programs that can process transactions on their own. They can be set up to function with parameters. That can be helpful for complicated processes like real estate transactions or tracking products ordered online. With computerized systems checking the processes and parameters, there would be less errors and faster transactions.

The evolution of blockchains continues. But one thing is sure: Blockchains are here to stay. They are already being adopted by many large companies in many different industries. And programmers are constantly updating existing ones and creating new versions as the technology continues to blossom. The future of blockchains is wide open. So as we always say: if you’re looking to invest, early is best.

Read more at: https://www.cethereum.com/blog

#ethereum #banking #finance #crypto #cethereum

Image from: https://commons.wikimedia.org/wiki/File:Blockchain-Process.png

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Adopt Early and Save

The best way to hedge against inflation is to invest. Ever wonder why the rich get richer while the poor seem to get poorer? The rich can invest easily – they have more disposable income. But most of us have monthly bills and expenses that eats away at disposable income. It’s harder for most people to invest. Over time, inflation hits poorer people the hardest, eating away at the personal wealth of hard-working individuals.

For most people, a savings account with a bank is the easiest way to save. But as we all know, those earn notoriously low interest rates – maybe 1 or 2% per year. So why not be an early adopter? A great way to increase wealth is to purchase a commodity early, while it’s still affordable, before it really takes off. Yes, we’re talking about Ether.

It’s true that cryptocurrencies and the tech that surrounds them can endure wild fluctuations. Though with minimal effort you can set up your account and own digital assets in a technology that is growing. In the end, you can beat the banks with higher potential increases in value.

You can set up your digital wallet and link it to your bank account for easy savings. Yes, you will probably see fluctuations. But that means your small investment could rise by 1 to 2% in a day, or even within an hour! Is it any wonder that banks hate cryptocurrencies? They hate anything that robs them of power and threatens the value of their holdings.

Plus, owning Ether is the same as owning any commodity. Ether is similar to oil or wheat (which also see daily fluctuations). In fact Ether is called gas. You can think of it as the gas that processes or moves Ethereum. It’s a commodity that is developing a demanding market. Many investors are entering the Ether market. Some Fortune 500 companies are developing future businesses on the Ethereum platform. Someday we may see Ether ETF listed on commodity trackers alongside gold and coffee beans.

Ethereum has real value. It is backed by data and technology. It’s a platform that is growing. It is in an early adoption phase, but it’s growth seems assured as it has become more accepted within the business community. Even some banks are beginning to use it. Owning Ether is similar to owning tech stocks. How rich would you be if you (or your father) had bought Apple or Microsoft stocks back in 1984?

Many people are concerned about privacy and security when it comes to their money. They think crypto is not the “clean” money because it can’t be tracked. As if traditional currency has never been laundered or used for illicit purposes. In fact, the fiat currencies have been laundered more than any other currencies in history.

Ether is arguably a better kind of currency. Ethereum is a more pure and democratic form of money. It brings privacy yet transparency. It allows for financial freedom and ease. It’s backed by real technology and people, not by a government or central bank. The smart contract model should bring more stability than other cryptocurrencies. Its value is derived from its own supply and demand.

Ether and other cryptocurrencies are a way into a new era. First wealth came from land and properties. Then there was the gold rush, the Industrial Revolution, US stocks, the dot-com boom, and now it’s the blockchain time. The time to jump on board is now, during this early adoption phase. Just like the early bird that gets the worm, early adopters stand to profit the most.

The next time you think about purchasing something small – like a drink, a meal, or a movie – think about how much Bitcoin you could have bought with those few dollars in 2009, when Bitcoin was only $0.06. Five dollars would have bought 83.333333 Bitcoin. (I won’t bother calculating your vast, imaginary fortune here. You can figure it out for yourself.) So if you put those few dollars into an Ethereum account now, where will you be in ten years? Just something to think about.

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Open your wallet at www.cethereum.com today.

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Why should you buy Ethereum over Bitcoin and why is Cethereum the place to do it?

With increasing interest in digital payments, people often ask themselves which one is the best to hold as a better token. Of course Bitcoin is the most popular, but there are many others. Currently there are over 2,000 cryptocurrencies and that number is growing. For this entry, we’re just going to focus on only comparing two – Bitcoin and Ether, the first two in the industry at the time of writing this article.

First a brief note about their similarities. Both are open-source, virtual commodities with no inherent physical representation. The transactions for both work through software with built-in security that manages a public blockchain. The value of both have seen wild fluctuations.

A few differences - Bitcoin was established with a set number of issued “coins”. Bitcoin offers 21 million coins. But there is no cap on Ethereum, it expands according to demand. (1) Although more coins can be created or “mined” through various means. Those are the basics. Now let’s delve a little deeper to find differences.

The administering software behind both currencies is the main difference. Both were developed with different purposes in mind.

Bitcoin was established to make payments easier and free from official oversight. It’s purpose is simple – to create an alternative payment system. It was designed to make it easier for anyone to buy, hold, and trade contracts without needing a bank or government to regulate or guarantee its validity.

Unlike Bitcoin, not only does it sound smarter, but trades in Ether are generated via a software platform called Ethereum (ERC20). That platform uses what’s called a Smart Contract – a transaction that can be programmed to invest, spend or save depending on certain criteria. So transactions on the Ethereum platform can act independently once specific conditions are met. It transacts through a network of computers without the need for a third party to facilitate the trade like a financial institution or lawyer. Ether is being embraced by the institutions and corporations (For example the Zether program).

Once set up, the Smart Contract must be submitted and administered through the Ethereum network that costs fee (gas), which generates Ether. As the network has grown with the demand for these Smart Contracts, the value of Ether has gone up.

The open-ended, decentralized nature of the platform is what makes Ether such an interesting contract. Currently, blockchain and Smart Contract technology is being used by many corporations for various purposes. And it’s full potential has yet to be realized. With so many possibilities waiting to be found, it’s easy to imagine tremendous growth in the world of Ethereum. The next technology revolution might be just around the corner...

Contact Cethereum to learn about how we can create a solution for your business: Contact@Cethereum.com.

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Why Buy Ethereum

“Oh, if only I had invested in Bitcoin at the beginning.” That has been the lament of many investors since Bitcoin took off and spiked in 2017. Just think, if you’d only invested $100 in 2010 when Bitcoin was only $.09, you’d have millions of dollars right now. That idea has caused many investors to look to other digital currencies to make gains in the future.

Now we have over 2,000 digital currencies. And of those being traded, Ethereum is in the top three. So why invest in Ethereum? For that, let’s take a look at the purpose and technology behind Ethereum.

Ethereum was invented by Vitalik Buterin. Buterin was originally heavily involved with Bitcoin and blockchain technology. He even co-founded Bitcoin magazine. But as he became more immersed in the field, he noticed some shortcomings in the cryptocurrency and thought it could be better. His concept was to enable what became known as smart contracts, or open-source programs that could enforce and facilitate transactions. So building the blockchain would be more efficient.  In fact, adding new blocks to the Ethereum blockchain is much faster than that of Bitcoin. Whereas a Bitcoin block takes around 20 to complete, Ethereum blocks can be appended in seconds.

The speed and efficiency of smart contracts and the Ethereum blockchain have made it attractive to large companies. Intel, Microsoft, and BP have all started using smart contracts to create new applications with advanced business models. As more and more companies adopt smart contracts for new uses, the decentralized Ethereum network will grow larger and the value of Ether will rise.

But if you want real proof of the legitimacy of a cryptocurrency, just consider the financial industry. Whereas the banking and finance industry has been skeptical about Bitcoin, they have come to see real value in blockchain technology. Especially in relation to smart contracts. Many big banks have started using the Ethereum model to suit their own purposes. Its speed and efficiency in processing payments, the stream-lined nature of programmed transactions, and real-time access to information it offers brings cost advantages and improved user experience. Citigroup, The Australian Securities Exchange, JP Morgan and Bank of America have all started implementation.

The overall brilliance of the Ethereum model has slowly but surely come to be understood and adopted by businesses of all kinds. Its implementation with new business models is moving forward in a way that Bitcoin can not. When it comes to digital assets like cryptocurrencies, Ether is arguably more stable because of these wide ranging applications. Whereas Bitcoin is merely a digital currency, Ethereum and Ether are commodities that are currently being utilized, and looks to remain so, by many industries for some time to come. All of this makes Ethereum an attractive commodity to hold and its growing use should stabilize its value moving forward.

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What is Ethereum anyway and what’s the deal? #cryptocurrency

Ethereum is a software platform developed to facilitate transactions that are decentralized yet secure, transparent yet private, and – most importantly – self-executing. Yeah, that’s a lot for an opening sentence. So let’s take it apart and examine it piece by piece.

First off, Ethereum is simply a software platform used to create smart contracts. Those smart contracts are basically trades. The exchange could be in property, money, stock, whatever. They are called smart contracts because the transaction is basically set up with lines of computer code that will only enforce the transaction if certain conditions are met.

In plain English the computer code for the transaction could state something like: if full payment has been made to X account, initiate delivery of goods. Or it could be: if the price reaches a certain amount and an expiration date hasn’t been met, initiate purchase of a set of assets.

Decentralization and security go hand in hand. Since they are programmed, the rules for the transactions are strictly enforced. And because the transactions are carried out over a vast network of decentralized servers, all transactions are verified many times worldwide. This makes them extremely secure. So, although anyone may see the transaction take place, the owners of the contracts can remain anonymous.

Ethereum is often used synonymously with Ether – the currency generated via Ethereum. Ether is assessed on contracts submitted to the blockchain over the network. It can be thought of as rent paid to owners of the servers making up the network. The creator of a smart contract application has to pay a small fee to use the computational power of the network. Simply put, server owners receive tokens based on the work their computers did to administer the Ethereum blockchain.

Many industries are starting to utilize Ethereum and smart contracts. The conditional nature of their transactions makes them a perfect solution for all sorts of business models. And Ethereum’s decentralization continues to draw those who want a more democratic and open-source platform. That is what makes it so attractive.

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A “bit” more about Bitcoin.

Bitcoin has been around for a while now. It was first created in 2009 mainly in response to the financial crash of 2008. It was conceived as a more democratic form of value without any centralized control by a governing body. It immediately began being traded and used by a small group of techies. But it gained in popularity and started to see wild fluctuations in value over the years. As its value increased, in garnered more attention from the mainstream media and came to attract investors. Finally, the value of one Bitcoin reached around $19,000 before its balloon burst in 2017.

After its dramatic crash it became much talked about. So much so, that its value has started another steady rise. And more investors are taking another look at its investment potential - along with the 2,000 or so other cryptocurrencies. It’s been covered so much online and in the media, that most people seem to have some idea of what it is.

But it may be worth discussing Bitcoin even more. Especially since all cryptocurrencies are not the same. They were conceived for different purposes. They are mined and generate value differently. Some things are even called cryptocurrencies when in fact they are not. Ether, for instance, is not a currency– it’s a commodity.

Bitcoin has a bit of a creation myth. It’s believed to have been invented by one or more people using the name Satoshi Nakamoto. Nakamoto is responsible for authoring the Bitcoin white paper, writing the software and generating the first blockchain entry. He stopped his involvement during 2010, handing over control of all things bitcoin to early contributors, and completely disappeared. His identity and whereabouts remain an intriguing mystery to this day.

Bitcoin is created, or mined, via a proof-of-work model. It takes computer work to keep records in the blockchain. Computers in mining operations are constantly performing complex calculations in order to add more entries to the blockchain. Those calculations are rewarded with Bitcoin.

Despite its ups and downs, Bitcoin is still traded, mined and used in exchange for goods and services. It still has many investors. Some economists have warned against investing in Bitcoin, arguing that it has no intrinsic value since it’s not backed by anything – like gold. But proponents would argue: neither does the dollar. Anything has value as long as people are buying and using them – like Beanie Babies.

Anyone can invest in Bitcoin and either lose or make money. Just like anything else it’s future really depends on its adoption. Some people learn about it and think it’s the future of trade. Others are still skeptical. It’s still too soon to tell how any cryptocurrency will fare.

But it does seem to attract those who can imagine a future with a more free economy. The forward-thinking and the tech savvy are naturally drawn to its decentralized and democratic nature. It answers to the need to move away from unpopular government bailouts and the oligarchic aspect of central banks. Being that children born today are brought up in a world of advanced technology, cryptocurrencies might better fit their worldview. So it would be wrong to discount a cryptocurrency like Bitcoin. It’s highest value may be yet to come.

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Learn about the basics of #Cryptocurrency #Cethereum

Electronic commodities/assets have been on the rise in the past few years. You may have heard of Bitcoin and wondered what it was. Here are the basics of what you need to know about cryptocurrency.

Cryptocurrency is a digital commodity. When you think about cash money, you can think about it being backed by bars of gold in a bank somewhere. The gold backs the cash and gives it value. Digital currency or cryptocurrency, is not backed by a physical element; it is electronic.

Cryptocurrency is a form of digital commodity. When you think about money, you might think about currency issued and guaranteed value by a government. It might be backed by a commodity like gold, silver, or oil. The government or commodity backing the currency gives it value. Digital coins/tokens are not backed by a government or any physical element; it is purely electronic. However each business should offer a smarter solution with their blockchain projects coins/tokens.

Released in 2009, Bitcoin was the first cryptocurrency. It is similar to gold in the sense that there is a limited quantity of 21 million coins. Bitcoin has an advantage over gold. Because it is digital, it is easier to divide, transfer, and store. And unlike physical money it cannot be counterfeited. Blockchain security concerns have been on the rise with the growth of cryptographic transactions. However we at Cethereum have our own solution that we will read more about it. We can now transact easily and securely with Cethereum services.

Why use digital coins/tokens?

You might be wondering, what are the advantages of using cryptocurrency? Digital contracts have several advantages. In order to talk about the advantages, we first have to go over some of the technology that makes digital money possible.

Blockchain Technology

Blockchain technology is basically a series of transactions that are unique and secure. It allows for transactions between parties to happen without having to go through a third-party, like a bank.

You can think of blockchain transactions using building blocks. Every person has a unique block and every transaction has a unique marker. This makes the transactions more secure and harder to hack, forge, or alter.

Blockchain technology has gained credibility and use because the technology can be applied to other areas outside of cryptocurrency. It has many applications including scientific research, open data and file sharing, and transparent tracking of digital assets.

What can you do with digital coins/tokens?

You can use digital money the same way that you use physical money. You can buy goods or services with it, donate to a good cause, and trade it. In order to make a purchase with cryptocurrency, you have to first purchase the coins or tokens from a recognized exchange the same way you would get money from a bank. Then you need to find a merchant that accepts the currency. The same way some stores accept credit cards, while others do not or how Euros are only accepted in certain countries.

The Basics

Who manages crypto/digital transactions?

A network of computers running certain code called “nodes” running certain code to keep up with the blockchain.  Other currencies are government issued.

How does it get value?

Coins/tokens primarily get their value from supply and demand, while other currency value has to do with the confidence in the government that issued it.

How is it secured?

Digital currency is administered by computers and software that use strong cryptography to secure transactions, hence the term “Cryptocurrency” and the blockchain technology behind it. Banks and other financial institutions secure other currencies.

Are there physical coins or bills?

No.

Can I buy things with cryptocurrency?

Yes, wherever it is accepted.

Why Cethereum?

What makes Cethereum special? We promote decentralization and equal open source platform for everyone. Ether is a commodity not a fiat currency. We are a technology company solely providing services and not investment plans/advice. Cethereum focuses only on the Ethereum contract. At Cethereum, we are more transparent with what we do. For some other coins/tokens, it is not really obvious what the companies behind them are doing and what their business is all about. In our case, we focus on production (mining) and selling (exchange) and providing excellent services to our clients. We have the whole supply chain management. We conduct the transactions for you and transactions can be always verified.

For more information about Cethereum contact us:

info@cethereum.com

To Buy & Sell Ethereum, sign up at https://www.cethereum.com/

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Cethereum - An Ether (ETH) Hub