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cash-app-btc-verify-process · 1 year

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Everything You Need to Know to About Cash App Bitcoin Verification Process

If you want to buy or sell Bitcoin, you must use a cryptocurrency wallet. Cash App offers a variety of compatible crypto wallets, but it's important to remember that not all wallets are secure. To avoid losing your funds, using a non-custodial wallet or hardware wallet is essential. When you add a method of payment to purchase Bitcoin, Cash App asks you to verify your identity.

This Cash App bitcoin verification process typically takes 24 hours, but it can take longer, depending on the verification volume. To verify your account, you must scan both sides of a government-issued ID or driver's license and take a photo of yourself. You'll also need to provide a valid email address and answer questions about your income, employment, and other details.

To get your Bitcoin verified on Cash App, follow these steps:

Open the Cash App and tap the Banking tab at the bottom of the screen.

Tap on Bitcoin.

If you have not already added a Bitcoin wallet to your Cash App account, you will be prompted to do so. Follow the prompts to add a Bitcoin wallet.

Once you have added a Bitcoin wallet, tap the "Deposit Bitcoin" button.

Follow the prompts to enter the amount of Bitcoin you wish to deposit and the address to which you wish to send the Bitcoin.

Verify your identity by providing your full name, date of birth, and social security number. This information will be used to verify your identity and help prevent fraud.

Once your identity is verified, you can deposit Bitcoin into your Cash App account. Depending on the network congestion and transaction fees, this may take several minutes or more.

After your Bitcoin deposit is confirmed, it will be added to your Cash App balance, and you can use it to send and receive payments.

How to Verify Your Identity on Cash App?

The first step in the Cash App Bitcoin verification process is to confirm your identity by submitting a photo ID and an answer to a few questions about your reasons for buying and selling coins. You can also upload a screenshot of your social security card to prove that you have access to the funds you're trying to transfer.

How Long Does Cash App Bitcoin Verification Take?

You must first verify your identity to send and receive Bitcoin on the Cash App. This involves providing a photo ID and answering questions about your reasons for buying or sending many coins. The verification process typically takes up to 48 hours, but you can speed things up by verifying your account information and email address.

Why Is My Cash App Bitcoin Verification Pending?

There are a few reasons why your Cash App bitcoin verification is pending. You might have provided incomplete information, or your ID photo may not be clear enough. Other things that could cause this issue are an outdated app version, a missing email address or an old phone number.

FAQs

How do I get Bitcoin verified on Cash App?

You must complete a verification process to buy and sell Bitcoin on Cash App. The process can take up to 48 hours to complete, and you must upload a photo ID to verify your identity.

How to Enable BTC on Cash App?

To use Cash App to buy Bitcoin, you must enable the BTC option under Deposits & Transfers. Once you've done this, Cash App will ask for additional information, like your email address and why you're purchasing BTC. In addition, you will need to scan both sides of a state ID or driver's license.

How to Verify Your Identity on Cash App?

To verify your identity on Cash App, you must provide a government-issued ID containing your name, date of birth, and last four digits of your Social Security number. You will also need to provide a recent photograph of yourself.

Why is my Cash App Bitcoin transaction stuck on 'Pending'?

If your Cash App Bitcoin transaction is stuck on 'Pending', it could be because of a system problem. This can happen if your device is not connected to an internet connection or the system has a weak signal.

How to Check Your Cash App Bitcoin Wallet Address?

To check your Cash App Bitcoin Wallet address, open the app and click the Deposits & Transfers tab. Then, select Bitcoin and tap the wallet address you want to view. This address is displayed next to your name. It's best to copy and paste the address, but you can also scan it with a QR code scanner if you want a quick way to check it.

Why is my Cash App Bitcoin verification taking too long?

If the Cash App bitcoin verification taking too long, it might be because of incomplete information or a poor-quality photo of your ID. You can fix this by submitting more information or a better-quality photo.

Why did Your Cash App Bitcoin Verification fail?

A few reasons your Cash App Bitcoin verification failed include missing or incorrect information, an old account, or a poor-quality ID photo. Correcting the information as soon as possible is important in these cases.

How to Contact Cash App Support?

If you're experiencing issues with how to verify Bitcoin on Cash App, contact support via Twitter or email. They can help you through the process and find the best way to complete the verification. They can also answer any other questions you have about the service. You can also find answers to your problems on the FAQ page or Cash App's user manual.

#Cash App Bitcoin Verification #Cash App Bitcoin Verification pending #Cash App Bitcoin Verification failed #Cash App Bitcoin Verification denied #how to verify bitcoin on cash app #how to get bitcoin verified on cash app

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bitcofun · 2 years

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Arthur Hayes, ceo of BitMEX, speaks throughout the Consensus: Invest occasion in New York, U.S., on Tuesday, Nov. 28,2017 Agreement: Invest, the world's very first digital property financier outlook occasion hosted by CoinDesk, brings institutional financiers, hedge funds, cash supervisors, banks, and household workplaces together to get gotten in touch with how to invest, shop, trade and judge worth in this brand-new possession class. Professional Photographer: Michael Nagle/Bloomberg Former Bitmex CEO Arthur Hayes anticipates a substantial boost if the Merge succeeds; for that reason, he is not preparing a "offer the news" occasion. In the most current works on his Medium Blog, " Eth-Flexive" and " Max Bidding," Arthur Hayes argues that Ethereum will have a rally comparable to Bitcoin's halving, based upon existing network use. Former Bitmex CEO Arthur Hayes, who formerly declared that he would be purchasing Bitcoin at $20,00 0 and Ethereum at $1,300, now reports that he is max bidding on Ethereum at present rates. In his newest article, " Eth-Flexive," Arthur Hayes verifies that he anticipates a considerable boost in Ethereum's cost need to the Merge achieve success. He likewise specified that the "purchase the report, offer the news" phenomenon will not happen post-merge. According to Hayes, anybody who may offer their crypto has actually currently offered, and this is because of extreme cost motion downwards over the previous month. Inspired By George Soros's "Theory of Reflexivity" Arthur's newest article is focused around George Soros's "Theory of Reflexivity," drawn from the book "Alchemy of Finance," which is based upon the concept that there is a feedback loop in between market individuals and market value. In easier terms, the theory describes that market individuals typically play a substantial function in causing the future they hypothesize on, producing a self-fulfilling prediction. The Spot Market Hayes explains the area market's existing viewpoint on the Merge in additional information by checking out the ETH/BTC chart. As Ethereum is exceeding BTC and has actually been surpassing by 50% because the last crypto credit relax, Hayes validates that the marketplace's belief of an effective combine is growing more. Arthur Hayes chart from " Eth-flexive" The Futures Market The futures chart, on the other hand, shows a somewhat various story. The whole curve out to June 2023 on the Open Futures Interest is selling backwardation, which suggests that the marketplace is forecasting ETH's cost by the maturity date will be lower than the existing area rate. This might be since market individuals are utilizing ETH futures as a hedge to their long area direct exposure on Ethereum. Merge Scenario Predictions According to Hayes Iff the Merge happens, according to Hayes, his forecast is as listed below: " If the Merge achieves success, there is a favorable reflexive relationship in between the rate and the quantity of currency deflation. Traders will purchase ETH today, understanding that the greater the rate goes, the more the network will be utilized and the more deflationary it will end up being, driving the cost greater, triggering the network to be utilized more, and so on and so forth. This is a virtuous circle for bulls. The ceiling is when all of humankind has an Ethereum wallet address." If the Merge does not take place on the other hand: " If the combine is not effective, there will be an adversely reflexive relationship in between the rate and the quantity of currency deflation. Or, to put it another method, there will be a favorably reflexive relationship in between the cost and the quantity of currency inflation. In this situation, I think traders will either go brief or select not to own ETH." What Will Happen Post-Merge? Ethereum's Merge Date has actually been gone over by the core designer group and ought to happen prior to completion of September. The Ethereum combine is among the most awaited occasions in Ethereum's history.

As soon as the relocation from Proof of Work to Proof of Stake is attained, Ethereum must go through the following situations: Ethereum will go through a 90% cut in day-to-day emissions Yearly inflation will decrease from 4.3% to 0.43%, comparable to 3 Bitcoin Halvenings taking place simultaneously Proof of Stake Validator benefits will increase from 4.5% to 10-15% in the months after the Merge Energy Consumption will come by 99.9%. Arthur Hayes mentions that he thinks DeFi will use a reliable option to the present monetary system as Ethereum ends up being a deflationary currency, its use boosts, and DeFi gains appeal, which must increase the deflation rate even more. Arthur Hayes verifies that he will not decrease his position entering into or right after the Merge; if anything if the marketplace sells prior to the Merge, he will be including into his Ethereum position. Read More

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glitterycoffeeinfluencer · 2 years

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Is Bitcoin Price Rising Outside of Active Wallet Decline?

Bitcoin prices rose sharply on Monday despite a downward trend in the number of active addresses. At one point, the cryptocurrency hit the $24,200 level. It appears that this is not because of the crypto market, but rather an external reason behind the price increase. Interestingly, there is hardly any upward trend in the number of active Bitcoin wallets.

The Bitcoin active wallet is in a downward trend

The on-chain numbers indicate that the number of active addresses holding BTC is still low. Not only that, but active wallets are also on the decline, according to Crypto Quant. Meanwhile, the cryptocurrency futures market is currently showing positive momentum. But it is uncertain how long this momentum will last.

Crypto prices are expected to rise

Cryptocurrency prices are rising as new contracts are opened in the futures market. Short-term investors in cryptocurrencies are taking positions in the futures market, raising prices. Buying signals in crypto futures can be expected price increases.

"Expectations of an improvement in macro sentiment have led short-term bettors to take positions in the futures market (open interest), betting on momentum gains that could guide prices higher."

Bitcoin, meanwhile, is trading just below $24,000. At the time of writing, BTC was trading at $23,968, up about 3% in the past 24 hours. However, volatility is highly likely as macroeconomic events this week are likely to have an impact. The most important U.S. inflation data will be released on Wednesday.

Moreover, short-term speculation in futures markets is susceptible to rapid turnover. These signals could bend cryptocurrency prices in either way in the near future. "Directional bets at this point are risky on the cusp of important macro data and can change direction quickly in the short term, so being able to manage risk or allocation at this point is very important."

On the other hand, the August bitcoin price forecast is positive. According to community forecasts, BTC could end the month above $28,000. Whether BTC will suffer a price correction or gain positive momentum remains to be seen.

Focusing on the macro environment won't hurt BTC investors

Focusing on the macro environment will not hurt BTC investors, as there is now no doubt about the impact of the macro environment on Bitcoin prices. At the start of the year, stock-market correlations hit new highs; The cryptocurrency market has not yet begun to separate from it. Given this, there are several reasons why bitcoin investors would be wise to react appropriately and watch the stock market to predict where bitcoin prices are likely to go.

Institutional adoption has been intense over the past few years and these major players have started to enter the market. While this has many benefits for Bitcoin, such as greater demand, it also inadvertently links Bitcoin's price to the stock market because of the well-known players there.

As a result, Bitcoin developments are now more closely linked to stock market trends. This suggests that whatever financial problems are having an impact on institutional investors in the stock market is having an impact on bitcoin. So bitcoin is now more likely to follow the stock market down if it does. To make matters worse, Bitcoin is actually more volatile compared to stocks, causing prices to move even more.

So as recently observed, if institutional investors are forced to sell their shares, money will pour into Bitcoin. So when forced selling happens in the stock market, it happens in the cryptocurrency market. As a result, a fall in the stock market will also cause Bitcoin prices to fall.

Financial markets have suffered huge losses since the start of 2022, and the situation has gotten worse as inflation has risen. To solve the problem, the Fed had to develop a new strategy, causing interest rates to rise sharply. One of the main factors driving bitcoin's decline is rising interest rates. This is why focusing on the macro environment will not hurt BTC investors, as being aware of it will only help when trying to predict the future of Bitcoin.

#bitcoin

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jadonsancho09 · 3 years

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Digital Bureaucracy

Digital Bureaucracy with Blockchain infrastructure

The first decentralized Bureaucracy system that simplifies and standardizes data with blockchain technology.

What is Digital Bureaucracy?

It is the Artificial Intelligence (AI) supported Blockchain Project that aims to end the difficult and long-lasting paperwork and bureaucracy transactions between countries, institutions, and individuals. It is a document management and document transfer solution specially developed for a decentralized blockchain, aimed at making your life easier with the combination of artificial intelligence and blockchain technologies.

Documents and Bureaucracy transactions in documents, invoices, land registry, vehicles and many more are distributed in the Blockchain database and then your documents are distributed decentralized in a comparable, irrevocable way on the blockchain network. A system where the submitted information can only be seen by users who have Hash key. This confirms, or can be verified, by comparing the

HOW WILL DIGITIAL BUREAUCRACY MAKE YOUR LIFE EASYER?

Digital Bureaucracy is a Project that will enable you to perform your time consuming and tiring daily bureaucratic transactions between individuals, institutions and countries using the Blockchain network, quickly and cost effectively.

https://youtu.be/SSo_EIwHSd4

WHAT IS DBC

DBC is the first Decentralized Bureaucracy System that simplifies and standardizes data using blockchain technology. We facilitate bureaucracy across Individuals, Institutions, and Countries on the Blockchain Network.

Decentralised Platform.

It is fully decentralised and is backed by Blockchain.

Managing Bureaucracy with One Click.

Our project will allow you to handle bureaucratic procedures and tedious paperwork that makes your life difficult, efficiently, and securely.

Artificial Intelligence

We are a Bureaucracy Transfer network that uses the power of Artificial Intelligence and connects the World.

How Does DBC Work

Digital Bureaucracy is making our lives difficult. It is instated everywhere and is carried out by the Municipality. Official documents, Invoices, Home and Vehicle purchase and sale, School and Education, Health and Hospital, Finance and Business, Customs procedures, Passport and Identity procedures are just some of the areas of example.

The DBC Project has made it possible to manage the tedious document transactions that causes complexity in our lives. For a moment, imagine that paper is not used within the World. With DBC, you will be able to send and receive your invoices, official documents, insurance and hospital documentation, customs and tax transactions, home, and car buying/ transactions, international, official, or personal information/documents using a single click encrypted over the Blockchain Network.

We combine the structure of Artificial Intelligence and Blockchain, allowing you to trade securely and quickly.

Bureaucratic procedures will rely on the help of Artificial Intelligence completely. It is a great project that will ensure swift and reliable transfers over the blockchain network.

Dependable and rapid payments. You will be able to send even the highest payments at the lowest cost.

Safe storage of school and hospital transactions on the Blockchain network. It enables making an action or obtaining information simpler with just a click.

To facilitate the blockchain network in our daily lives, DBC started to develop its own Blockchain infrastructure to provide convenience in the listed areas below:

Property

A smoother, faster, and cheaper transaction of fees on the Blockchain network combined with Artificial Intelligence that will eliminate the long and tiring dealings that you have experienced in the purchase and sale of houses, land and immovable properties.

Buying and selling vehicles, obtaining new license plates, vehicle insurance and detailed vehicle history is available when using DBC to carry out such transactions.

An incredible feature of the blockchain is that flagged data is immutable. For example: Information sent to the Blockchain network is immutable; It cannot be changed in any way. Therefore, counterfeiting documents is automatically protected.

Councils

Imagine the ability of transactions in municipalities entirely over Blockchain Network. It would enable the actioning of all your paperwork promptly and inexpensively. For example: When a new child is born, it is added as a block to a blockchain chain in that municipality. The individual can then perform all their operations over this block during their life.

All municipal transactions that you can think of such as Identity, Address change, Driving Licenses and more. The combination of Artificial Intelligence and the Blockchain Network will permit you to do all the paperwork that makes your life complicated, all the while being quicker and cheaper for you.

Removes all bureaucratic paperwork allowing for speed, lower costs, and security via Blockchain.

Identify

Transactions such as Passport applications, Passport Controls and Verification. You can make these proceedings at a faster and cheaper rate on the Blockchain and with the support of Artificial Intelligence.

Authentication, Pedigree Checks, Identity, and any other form of official documents that identify you will become faster, cheaper, and reliable on the blockchain network ultimately allowing for easier overall transactions.

Visa applications, delays in family reunification visas and complex document processes will now be quick, safeguarded, and cost effective.

Schools & Education

Student Information tracking system. Fast communications between teacher, trainer and parents of students. An infrastructure that enables detailed bureaucracy procedures to proceed faster.

Storage and tracking of Student Notes and Student Diplomas on the Blockchain network. Recording of school diplomas in the system as unchangeable and tracking it.

Distribution of religious books and Books in an immutable manner over the blockchain network. Transactions such as making comparisons or purchasing and reselling the work will be available afterwards.

Health & Hospitals

Patient tracking system in Hospitals and Health Institutions. Monitoring of Tests and Other health services within hospitals on the blockchain.

Communication and bureaucracy transactions between hospitals and pharmacies. The rapid processing of these transactions on the Blockchain and the progress of the workload will be entirely by Artificial Intelligence.

Every individual will have their own Private Key. All transactions are processed on this key. Eventually, control and accuracy controls can be provided.

Taxes

It ensures that all bureaucracy and paperwork transactions of places such as institutions, individuals, and workplaces where tax transactions take place intensely, are processed faster and with reasonable costs over the blockchain network.

Tax tracking and tracking of sales and purchases at workplaces through the blockchain network.

Online Sales and International Tax. Providing and controlling tax transactions between countries through the Blockchain network. All complex tax systems become completely easy.

Customs

Follow-up of import and export transactions. Unchangeable tracking of import and export transactions made in all customs systems on the blockchain network.

Transactions such as Passenger passes, Passport and Identity verification. There will be ease of passenger transit through the blockchain network. The required paperwork and bureaucracy procedures are fast and cost-effective.

There will be control of vehicle crossings at customs. In this way, we aim to finalize the illegal vehicle or passenger crossings entirely.

Finance & Business

Contracts signed by international companies. Commercial exchangeable contracts, or agreements or contracts concluded between countries on a permanent basis.

Tenders organized by countries or institutions, fulfilment, and follow-up of these tenders on time and without any problems. Simultaneously, the payment of these auction fees will be with the DBC Coin.

The Solution

The DBC token has been created to be used in the Digital Bureaucracy Infrastructure and to become the currency of the future. DBC token is the Crypto Currency that will be used in your bureaucratic transactions around the world. What will DBC token do?

Relational Blockchain

Faster and cheaper cost of paperwork and bureaucracy with relational blockchain.

Fraud Reduction

DBC token aims to completely terminate fraud and unlawful business.

Next Generation Wallet

You can safely store DBC Tokens in Next Generation Wallets.

Recovery Nodes

Our Cryptocurrencies are 100% Safe in Smart Wallets with recovery facility.

Full Transparency

Our project and DBC Token are completely open source.

Very Low Fees

With very low transaction fees, DBC Token will become your favorite currency.

Decentralized Network

DBC Token is a Decentralized and User-oriented Crypto Currency.

Crypto Payment

You will be able to pay with DBC Coin in every area of your life.

Token Sale

The DBC token was created using Binance Smart Chain (BSC) BEP20 Smart Contrac. The token’s third party service wallets, exchanges, etc. It provides compatibility with and easy-to-use integration.

Start: 2021-04-30

Total Supply: 200.000.000 DBC

Number of tokens for sale: 25.000.000 DBC

Tokens exchange rate: 1 DBC = 0.010 USD

Acceptable currencies: ETH, BNB, BTC, USDT

Minimal transaction amount: 1000 DBC / 10 USD

DBC Token Distribution

Binance Smart Chain Contract: https://bscscan.com/token/0xaede8306171b2aac22cf4f39a63aae09e99a488c

RoadMap

2019 - Q1

Release and Distribution - Providing Bureaucracy between Artificial Intelligence and Blockchain Supported Countries, Institutions and Persons to eliminate delays and uncertain transactions in today’s Bureaucracy system. The beginning of the infrastructure was provided and aims to facilitate these difficult document and file transactions by combining Artificial Intelligence and the Blockchain network.

2020 - Q1

Our team started building the foundations of the DBCChain software for Documents and File Transfers.

2021 - Q1

DBC Token Binance Smart Chain (BSC) - created and published with the BEP20 Smart Contract.

2021 - Q2

In order to support DBC Token sales, Airdrop and ICO Program, the user panel has been integrated into the system and activated.

2021 - Q3

To purchase DBC Token, Offline Crypto Money payment methods have been added to the user panel.

2021 - Q4

DBC Token has been added to Pancakeswap.finance Liquidity pool and Exchange sections.

2021 - Q5

The Digital Bureaucracy (DBC) Whitepaper was completed and published.

2021- Q6

DBC Token Airdrop and ICO Program was launched. In this context, 25.000.000 DBC Token has been opened for sale with ICO pricing.

2021- Q7

DBC Chain will perform P2P, Miner, Genesis tests

2022 -Q1

- ICO sale Completed and Token Distribution.

-Airdrop distribution completed and Token Distribution

2022 - Q2

- CoinMarketCap list

- Coingecko list

2022 - Q3

DBC Wallet Android and iOS application publishing.

2022 - Q3

Top 10 CMC Exchange listing (KuCoin/Bithumb exchange)

- Roadmap v2.0 release

- Future products development

our team

The Digital Bureaucracy team aims to eliminate the difficulties in your life by bringing together Artificial Intelligence and Blockchain. Our Project is created in an open-sourced way completely. You can contribute to the development of our project by joining our team.

Akif Dogan: CEO/Founder Blockchain Development

Sidar Ozden: Head of Partnerships & Business Development

Silan Dogan: Head of Legal & Compliance

Ahmet Deryahanoglu: Backend Software Engineer

Mesut Acil: Head of Design

Muhammad Aliyev: Marketing Director

Berna Asel: Social Media Lead

For more information please follow the link below:

Website : https://www.digitalbureaucracy.org/

Whitepaper : https://www.digitalbureaucracy.org/Whitepaper-EN.pdf

Medium : https://digitalbureaucracy.medium.com/

Telegram : https://t.me/digitalbureaucracy

Twitter : https://twitter.com/DigiBureaucracy

Reddit : https://www.reddit.com/user/Digitalbureaucracy/

Author:

Bitcointalk username: Jadon Sancho

Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=2954208

Telegram: @Jadonsancho09

BEP-20 Address: 0xb05fc25bCfa612Eaef1Fa17cEBF05A675a40D5e1

#DBC digitalbureaucracy blockchain AI crypto cryptocurrencies BSC

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striving-toward-170 · 3 years

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How to trade Bitcoin for cash – Make extra cash trading crypto

So much of what we are hearing at this point in the news that reports on it is the absolutely amazing price of over $3,800 USD that a single Bitcoin is worth today. This is crazy if you have been following bitcoin for as long as I have been.

I have seen this cryptocurrency go to the moon and back down to earth and now in those terms it has accelerated all the way to pluto. So what’s the deal how long will it last? That’s anybody’s best guess. The truth is that nobody knows, it could keep going or it could crash back down to earth tomorrow. This is the nature of the beast and beast is what Bitcoin has become.

How to trade Bitcoin for cash – Here’s what I did The easiest way to start using and trading Bitcoin is to download the official wallet and you will want to start by encrypting your wallet, make sure you choose a secure passphrase and be careful where you store the passphrase, because you don’t want to lose track of this or have anybody else steal it from you. When you first install the Bitcoin-qt application, it will take a good while to “sync” to the network. Keep in mind that this “syncing” is you download the whole digital ledger onto your computer, this is how it works. You will have a digital list of every single transaction that has ever occurred, neat hey?

Now you will have a Bitcoin wallet address and you can purchase Bitcoin from just about any currency and then send it to your wallet address. You can then buy products, make payments and receive them as well. That said, if you want to trade bitcoin, this is the best deal I have found.

Make $37,000 dollars like I did trading Bitcoin. Click here to learn all you need to know to get started today!

Satoshi Nakamoto Did Satoshi Nakamoto created Bitcoin? Who is this person, nobody knows and nobody has taken credit, however there are rumors that whoever this person is, that they created this awesome feat. Hackers all around the world have tried to break the code and even the brightest hackers and coders have not been able to find a means to do it, some would say that every hole imaginable has been patched almost at like a superhuman manner.

Did Artificial Intelligence Create Bitcoin? There are rumors out there that satoshi nakamoto is an alias for some type of artificial intelligence that is responsible for creating Bitcoin. The truth is we don’t know for sure but the fact that nobody is able to hack Bitcoin and that it is coded so beautifully, that is every hole in it’s security is plugged seemingly before it can be exploited, hints at some sort of intelligent design or some type of AI that has not been pointed to yet. We really don’t know but some of the best minds in technology are unable to hack Bitcoin and it leads some to say this could be a possibility.

Related: Bitcoin price is falling – Is now a good time to buy?

Bitcoin is so much more than just a currency, it’s really a new way of living and one that knows no bounds with respect to the ginormous banks that have for so long dominated what we refer to as the monetary system. Bitcoin is not anything like a dollar and this is what makes its power so huge.

We are no longer bound by their rules, we have an opportunity for real change, for the ability to prosper without control, to make the decisions without someone approving them. This is the blockchains job. We can think of Bitcoin as a giant ledger whereas monetary responsibility is transferred to the owner and the peers that operate the network. Cool right?

This is not your traditional currency and that is what makes it so delicious. We are living in the age of where we are going to witness the transfer of wealth like nobody has seen before. It’s crazy and I love it.

Nobody is going to watch your cookie jar like the banks have been in control of for so long those days are literally numbered with the advent of this technology. Remember napster? This is the napster of currency where it’s peer-to-peer formula and the trust those that use it gives it its value.

So if you are ready to jump into this world there are options for you. You can do so many different things and it’s not just Bitcoin, there are literally tons of options for you, you could trade Litecoin instead which has also been on the upslope with value against the US dollar.

What gives Bitcoin it’s value? Everyone who uses it, and trusts in it, not much of a difference with it and paper money issued by the United States treasury for example. What gives paper currency it’s value? Paper currency used to be based on and backed by gold, however this is no longer the case. There is also the derived scarcity of Bitcoin as it has a cap and will never exceed 21 000 000 Bitcoins. This of course could be subject to change, but as far as the right now it will never exceed the 21 million coins and that could create a scarcity of this unique digital currency in the far future.

What encryption does Bitcoin use? Because the of the nature of SHA-256 encryption on which Bitcoin is based, it is inconceivable as of now to have the ability to break this encryption, but the advent of quantum computer of possibility of such computational behemoths may be able to break this encryption in the not-so-distant future, this could present a problem, however it may make Bitcoin “fork” and utilize a more secure encryption, or even image the possibilities of using the power of quantum mechanics for making possible unbreakable encryption in the future. This will likely be the topic for another post so this is all I will discuss it for now.

There are issues with Bitcoin and there are many ways that Bitcoin being only as secure as the computer and user that is using it. Some exchanges utilize “cold storage” wallets where they store the Bitcoin, making it unreachable to potential hackers and if you lose your password for your wallet, you actually may be up the digital creek without a paddle so to speak. So you must be very careful and it is advised that if you have a Bitcoin instance running, that you backup your data often and make sure you never lose the password you have encrypted your wallet with.

People have lost a lot of digital currency by their hard drives failing or losing the passwords. The has also been much scamming going on with Bitcoin and you have to be careful what online exchanges you are using, because if they are hacked and the Bitcoins stolen, most will not honor stolen Bitcoin, which means that you are out of luck. Mt. Gox is an example of one hacked platform where countless users lost money. Cryptsy is another platform that screwed me out of some currencies, and there’s no way for me to recover, so make sure that you use a reputable exchange or you may be sorry.

Is Bitcoin more than just a form of digital currency? Bitcoin is much more than a currency and another not so well known fact is that even messages can be hardcoded into transactions and through chains of messages you could even put files. Wikileaks even has used Bitcoin to attach all of the cablegate leaks into the blockchain which is super interesting. In fact, some of the first transactions that were done in Bitcoin were the hardcoded cablegate Wikileaks documents, which raises questions as to who may have played a role in the development of Bitcoin.

Was Julian Assange the creator of this digital currency? Nobody knows for certain, but this points to how Bitcoin could ultimately be a great tool to stop censorship in its tracks, which is a great thing. Once hardcoded into the Bitcoin Ledger, it will always be there unless the encryption is somehow broken, super cool, right?

Make $37,000 dollars easy – Click here to learn all you need to know to start trading Bitcoin today – Don’t miss out

The post How to trade Bitcoin for cash – Make extra cash trading crypto appeared first on Technology Watchpost .

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ailtrahq · 8 months

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ADA’s price jumped by 7.85% but network activity has been inconsistent. Cardano’s TVL joined other DeFi chains in reclaiming participants’ trust. Not a week goes by without Cardano [ADA] making a record of several developments that happened on the chain, and the 25 -29 September week was not any different. How much are 1,10,100 ADAs worth today? According to the project’s development arm Input Output, new functionalities were added to its Lace wallet. Other aspects like its smart contract and scaling technology were also attended to. A “Lace” on the contract Input Output describes Cardano’s Lace wallet as a lightweight platform for easy storage of crypto assets. Over the course of the week, the development team integrated stake pool delegation and updated the dApp connector. For the smart contracts department, upgrades were made to Plutus, Cardano’s native smart contract language. Also, the scaling department of Hydra collaborated with Mithra to enhance the nodes on the blockchain. It is also interesting to note that development on Cardano was not the only improvement registered. Its native token ADA, which has endured a long duration of price plunge. Based on CoinMarketCap’s data., ADA’s value was able to reach $0.26 because of a 7.85% hike in the last seven days. The token may also have a surge in on-chain volume to thank for the increase. Volume rises, TVL does the same At the time of writing, ADA’s volume was 180.45 million— the highest it has seen in the last week. This increase indicates a high level of speculation around the token. On-chain data also showed that network activity increased a number of times during the week. Source: Santiment For instance (from the chart above), active addresses jumped to 44,642 on 26 September. After a mild decline, the metric also rose to 40,162. But at press time, the number had fallen to 29,400. Active addresses show the number of unique addresses involved in transactions with a token. However, the aforementioned press time number was a notable improvement from 1 October. So, it is likely to see another jump toward the 40,000 region for the metric. Cardano also experienced a 10% increase in its Total Value Locked (TVL). But it was largely the same for almost all the chains in the sector. For context, the TVL measures the total value of assets locked or staked in a protocol. Source: Defi Llama Realistic or not, here’s ADA’s market cap in SOL’s terms Therefore, the increase in the metric suggests that trust was back in the market, and participants are now confident in providing liquidity in return for rewards on Cardano. Meanwhile, Cardano’s stay as the seventh most valuable cryptocurrency per market cap ended as Solana [SOL] flipped it to the eighth position.

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lionelcryptoworld · 3 years

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One of the first things I saw when I got online today was news articles covering ex-Facebook executive Chamath Palihapitiya’s comments on Bitcoin. Palihapitiya, who’s previously called for Bitcoin to hit $200,000, said he thought that the asset had “effectively replaced” gold. Gold bulls like Peter Schiff might want to sit this one out because today, I’m going to explore the idea that Bitcoin is the gold of the 21st century.

To me, the biggest point of similarity between gold and Bitcoin is that both have a finite supply, and the more you mine, the harder getting more of it (theoretically) is. Since the dawn of time, humans have identified scarce things and assigned them a high value; in fact, it’s a large part of what’s fueling the current NFT mania on Ethereum.

Bitcoin logo Bitcoin (BTC) $43,929 6.2%

Bitcoin logo Ethereum (ETH) $3,023 7.0%

More than its finite nature, gold is also prized because it’s long-lasting and durable. Coinage metals like silver and gold have been used in trade for thousands of years because they don’t rust or break apart easily. The resilience of the Bitcoin network mimics this attribute in the digital space.

Bitcoin is the world’s most decentralized—and by extension, durable—cryptocurrency. Even Elon Musk recently said that he thinks it’s “not possible” to destroy the asset class. Sure, you can send funds to a burn address or lose your seed phrase, but I think he’s saying that the Bitcoin blockchain is so well distributed that it would be impossible to kill it off.

Bitcoin also shares some similarities to gold in its price action. While other cryptocurrencies often outperform Bitcoin during a bull run, it has historically been the best place (besides stablecoins) to park funds in a bear market. Compared to other cryptocurrencies, the King holds its value best when the market slumps, similarly to how gold shines when the stock market shows weakness.

Gold vs. the stock market (Source: macrotrends)

For many crypto natives, Bitcoin occupies a similar position to gold because, as many will eagerly tell you, it does nothing. Currently, the Bitcoin network has no smart contracts, so there’s no yield or other fancy DeFi functionality. However, this could change soon through efforts from Dfinity and, to some extent, Bitcoin’s taproot upgrade planned for November.

Earn 8% APY on Bitcoin & 9 more crypto assets and 12% on Fiat & Stablecoins. Compounding interest, paid out daily.

Although gold isn’t a very trendy investment right now due to its recent underperformance compared to other assets, I think this is one way in which Bitcoin will differ. Time and time again, Bitcoin has left people’s jaws on the floor with how fast it can climb. I think it’s likely the King will surprise us all again soon.

If you’re interested in learning more about Bitcoin’s price moves and how to trade them, sign up for Pro BTC Trader through SIMETRI. You’ll receive daily updates from our lead Bitcoin analyst Nathan, detailing current market trends and trading signals. Additionally, you’ll get access to weekly live trading war room seminars where members can request analysis on other cryptocurrencies.

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That’s it for today, have a great weekend, and I’ll see you all next week for my Tuesday newsletter.

Disclosure: At the time of writing the feature, the author owned BTC, ETH, and several other cryptocurrencies.

OUR TOP STORY

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Daily Crypto Briefing

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Compound launched a new upgrade this week, but a bug in the code left $80 million worth of COMP at risk of unfair distribution. The incident may lead to a COMP selloff.

Dogecoin Creator Backs Ethereum, NFT Compatibility

Billy Markus, one of the co-founders of Dogecoin, says that the meme asset could benefit from having an Ethereum bridge and wider usage as a currency on NFT marketplaces.

Terra Columbus-5 Network Upgrade Goes Live

Columbus-5 will see Terra burn all seigniorage generated by the growth of the UST stablecoin supply.

Twitter Dev Shares Site’s Upcoming NFT Features

Users will be able to set non-fungible tokens or crypto collectibles as their avatar image

Press Release: MetaMask Challenger XDEFI Wallet Secures $6M to Scale Next-generation DeFi Wallet

Unlike most other Web3 wallets, XDEFI supports multiple blockchains.

Invest in crypto now

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thelagendjz4 · 3 years

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FTWG

Feed The World Global Aims to be an Integral Part of the Charity Sector

INTRODUCTION

The crypto world has revolutionized the payment system; it has shifted us from the old and traditional ways of financial transaction to a secured and decentralized system. The introduction of some digital currencies such as Bitcoin, Ethereum, etc. has made wealth accumulation easily achievable and eases the method of payment across the globe. People are now creating value through blockchain technology. There exist several crypto platforms where people had actually derived satisfaction from, but in a bid to make the blockchain technology to touch and influence all area of human life.

WHAT IS FEED THE WORLD GLOBAL?

Feed The World Global Foundation is a charity born with the aim of nourishing the body, soul and mind of the collective.

From food banks to financial support for medical expenses, we at "FTWG Foundation" want above all to help people develop their potential and with this goal in mind we would also like to establish collaborations with teachers and instructors to create projects for the benefit of communities. Creating scholarships that will allow individuals to participate in courses and seminars offered on psychology, mindfulness, non-violent communication and paths for children and vulnerable populations. Our greatest dream is to create internal channels of development in the communities that need them, with the aim of creating a sustainability of well-being and wealth, om fighting hunger in the world to creating a reality of prosperity available to all.

MORE ON FTWG

Feed The World Global aims to be an integral part of the charity sector to aid in reaching to those communities that we are directly in contact with. From our experience, our team has had the privilege of working with other charities in the most challenging places around the world like Bali, India, Colombia and Africa. We’ve witnessed first hand what extreme poverty and lack of basic amenities does to the quality and wellbeing of life of the people. With our experience and cultural diversity within the team, we created the charity to be supplemented by a tokenized project that will serve as an additional charitable medium.

We are proactive in our obligations that has been set out for the long term and with strategic project protocols. The pathway is to begin locally and spread our influence with the acquisition of seasoned investors to various areas both nationally and internationally. Charity Begins At Home has always been a widely acknowledged mantra in societies of all ages, and this is the benchmark of our programme.

FTWG Mission

Feed The World Global was born from the union of visions of how technology can help others. In the last 18 months we have noticed how there is an increasing need for funds for charities and at the same time how difficult it is to find them.

With the creation of “FTWG” we want to make possible, thanks to a long-term project, to support the charity “Feed The World Global Foundation” even in times of serious difficulty.

FTWG TOKEN

FTWG is a token based on Binance Smart Chain. It will be the precursor of the SOMNIUM ecosystem. With any trade a percentage will be devolved to our Foundation.

FTWG TOKENOMICS

Token: Feed The World Global (FTWG)

Price: $0.0360390

Total Supply: 1,000,000,000

Market Cap: $36,039,031

BNB Price: $476.35

LP Holdings: 53 BNB ($25,037)

Contract: 0xb75634793828e03b7ec4a3eccd856ce399a4fa5a

STANDARD TAX 5%

Holders Reflection 2%

Charity Wallet: 1%

Marketing Wallet: 1%

Liquidity: 1%

WHALE TAX WITH BUY-BACK FEATURE

If there will be a buy or sale = or >1% of total supply a tax of 15% will be applied.

Charity Wallet: 3%

Marketing Wallet 2%

Buy-Back Wallet: 10%

THE ROADMAP

TEAM

Dante Cogliandro: CEO, Founder, Idea Promoter

Peter Egwuagu: CEO, Co-Founder

Francesca Cogliandro: Charity Team

Ilaria Montesi: Charity Team

Francesco: Website Developer

Valerio: Project Developer

Niko: Marketing & Social media Send Message

Yousef: Communication Manager

To learn more about The World Global Feed, visit the link below:

Website: https://feedtheworld.global/

Twitter: https://twitter.com/FTWGToken

Facebook: https://www.facebook.com/FTWGToken

Instagram: https://www.instagram.com/feedtheworldglobal/

Whitepaper: https://feedtheworld.global/wp-content/uploads/2021/08/FTWG-Whitepaper-ENG.pdf

Telegram: https://t.me/FeedTheWorldGlobalToken

Author: Thelagend jz4

Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=2577207

BSC Wallet Address: 0x61e238964a4676C2AC8D830714A95618B3De942B

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ailtrahq · 8 months

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Much has been made of bitcoin’s (BTC) poor Price action as of late, with many analysts making the case for further bearish momentum in the weeks ahead.Yet it wasn’t too long ago that many investors and crypto pundits were raving about some note-worthy fundamental metrics that were, and continue to be, quite Bullish.Let’s take a look at three bitcoin metrics that Bulls might keep in mind.bitcoin’s hashrate hovers near a record highbitcoin’s hashrate, a metric which shows the amount of computing power dedicated to mining BTC, recently hit a record high, indicating the overall strength of the network and continued Interest from miners. There has never been more Security in bitcoin, and it highlights the fact that miners appear to have faith in the future of the Bitcoin network.BREAKING: bitcoin?src=hash&ref_src=twsrc%5Etfw">#bitcoin Hash Rate hits a new ATH! pic.twitter.com/kSD7LCCHkl— Mister Crypto (@misterrcrypto) September 10, 2023 There’s some controversy as to whether or not a high hashrate constitutes a Bullish signal. Investors equate the increased hashing power as a sign of an impending Price increase, while others say the opposite, or that no correlation exists at all.When looking at the past year’s data, there does appear to be a distinct relationship between hashrate and Price. bitcoin total hash Rate vs Market Price (USD) 1-year chart. Source: blockchain.comThis makes perfect sense given that miners will eventually begin to mine more when prices rise. Hahsrate and miners’ actions are also impacted by the bitcoin difficulty adjustment that occurs roughly every two weeks. As hashrate rises, so does difficulty, meaning it requires more energy to mine 1 BTC. A higher hashrate can only sustain lower prices for so long because miners’ cost of production increases with difficulty, while their profits diminish. Therefore, either the Price must rise or hashrate will fall at some point.Currently, Price has fallen significantly relative to hash Rate. The last time this happened in June, a rally followed.In addition to hashrate rising, there appears to be renewed mining Interest from nation-states. The country of Oman has announced plans to produce 7% of the bitcoin hash Rate less than two years from now.JUST IN: Oman plans to produce 7% of the global bitcoin?src=hash&ref_src=twsrc%5Etfw">#bitcoin hash Rate by June 2025! pic.twitter.com/HOJDlCcyBU— Crypto Rover (@rovercrc) September 10, 2023 bitcoin addresses holding 0.1 BTC all-time highbitcoin hodlers have remained strong throughout the bear Market, with the number of wallets holding 0.1 BTC or more having reached 12 million for the first time. This trend has continued despite the current range-bound Price action that is dotted with occasional corrections. bitcoin addresses with balance of over 0.01 BTC vs Price. Source: Look Into bitcoinThis demonstrates a degree of trust in the asset class in spite of everything else happening in the Market. Adoption is growing even as prices disappoint.While 0.1 BTC may have once been a trivial amount, today it’s significant, as this represents about $2,500 at current prices. The fiat value can be much higher when priced in other currencies. For 12 million entities to have amassed this much bitcoin shows how seriously the world has begun to take such an Investment.bitcoin balances held on exchanges trend downThe number of wallets holding significant amounts of bitcoin has also risen while the amount of bitcoin held on exchanges has been trending lower since the collapse of FTX in November 2022. This trend has ramped up since April of this year. This indicates that individuals are taking self-custody of their coins, possibly highlighting their disinterest in selling in the near future.BTC Price vs balance held on exchanges one-year chart. Source: CoinglassOver the last week, the BTC balance held on exchanges has declined from 1.88 million to 1.84 million. Historically, an influx of coins to exchanges has tended to precede a time of selling pressure, while outflows from exchanges have buoyed the Bitcoin Price.

Taken together, these three metrics show that investors’ thesis for buying bitcoin has grown stronger than ever. bitcoin miners keep mining, hodlers keep hodling and individuals continue to take custody of their coins.This article does not contain Investment advice or recommendations. Every Investment and Trading move involves risk, and readers should conduct their own research when making a decision.

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khanshiqqheil · 3 years

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Feed The World Global

Feed The World Global Aims to be an Integral Part of the Charity Sector

INTRODUCTION

In this age of globalization, time is of the essence for everyone. At this time that digital currency has been introduced to reduce transaction time. The cryptocurrency was originally known as a payment system that allows people to be able to make transactions very fast, without third parties, in a crystalline, secure, and faceless manner. With the accrual and development of the Crypto or blockchain ecosystem, several alternative investment opportunities have flourished, and have proven to be more efficient and profitable investment tools than traditional financial returns. Cryptocurrency is potentially the largest digital asset for investment. because it is user-friendly, secure, and allows to cut down steep transaction costs. It is the maximum thing in the financial market that has proven to be an interruption lifter in financial transactions worldwide. Leveraging blockchain technology, cryptocurrency has managed to set up a decentralized, transparent, and inaccessible accountable system

About

Mission

Feed The World Global was born out of a unified vision of how technology can help others. In the last 18 months we have noticed how there is an increasing need for funds for charities and at the same time how difficult it is to find them.

With the creation of "FTWG" we wanted to make it possible, thanks to a long-term project, to support the charity "Feed The World Global Foundation" even in times of serious difficulty.

Since the crisis of the pandemic, life has changed forever as we know it. Adapting to short-term and long-term changes will be critical in sustaining and meeting the needs of the less fortunate. We aim to be creative in our services through tokenized projects as outlined in our white paper, in a cryptocurrency ecosystem that will be the future in digital financial services. A future that will require digital tokens/coins to process transactions in order to continue without the disruption of much-needed charitable services locally, nationally and internationally.

Main Feature

5% TAX STANDARD

2% Holder Reflection

Charity Wallet: 1%

Marketing Wallet: 1%

Liquidity: 1%

WHALE TAX WITH PURCHASE FEATURE

If there will be a purchase or sale = or > 1% of the total supply, a 15% tax will be applied.

Charity Wallet: 3%

2% Marketing Wallet

Purchasing Wallet: 10%

Token FTWG

FTWG is a token based on Binance Smart Chain. It will be the precursor of the SOMNIUM ecosystem. With any trade a percentage will be devolved to our Foundation.

Tokenomic

Total Supply: 1000000000

Decimal: 9

Contract Address : 0xb75634793828e03b7ec4a3eccd856ce399a4fa5a

Token Distribution

Circulating Supply

Charity Wallet

Marketing Wallet

Developer Wallet

Important Information:

Website: https://feedtheworld.global/

Twitter: https://twitter.com/FTWGToken

Facebook: https://www.facebook.com/FTWGToken

Instagram: https://www.instagram.com/feedtheworldglobal/

Whitepaper: https://feedtheworld.global/wp-content/uploads/2021/08/FTWG-Whitepaper-ENG.pdf

Telegram: https://t.me/FeedTheWorldGlobalToken

Author: KHAN SHIQ QHEIL

Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=2550289

BSC Wallet Address: 0xCb8718048fecb50c2369BFD1EAD4B3686f42B86d

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phanestechnology · 3 years

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TYPES OF CRYPTO WALLETS

A crypto wallet is an app for generating, managing, and storing cryptographic keys - your public and private key. You can check your balance, receive, and send funds with a wallet.

Your Mnemonic Phrase

Your mnemonic phrase is a backup of your private key that is used by most wallets. It is a list of random words given to you when creating a wallet, usually 12 or 24. If you break or lose a device with a wallet - no matter if mobile, desktop or hardware wallet - your mnemonic phrase is usually your last line of defense against a loss of funds.

This implies, that any attacker that gets their hands on your recovery phrase will be able to do the same. Therefore, you must protect your mnemonic phrase as well as you would protect your funds themselves.

Important Note: You should write the phrase of words down on paper or save them in any analog format you see fit, but do not save them as a text file on your computer or a screenshot. You don’t want to make it too easy for any potential attacker to steal your money.

The Different Types of Wallets

In this article, we want to give you an overview of what types of wallets there are and help you find the right wallet for you.

Hosted Web Wallets

We can distinguish between hosted and non-hosted web wallets. With hosted web wallets, your keys are stored online by a trusted third party. These parties are mostly exchanges such as Coinbase, Binance or Bittrex. When you create an account with these entities they will create an entry in their internal database linking your account to a set of key pairs for the different coins they have listed.

An advantage with a hosted web wallet is the option to recover your password in case you forget or misplace it. Losing your private keys (together with your mnemonic phrase) leads to a loss of funds in all other cases.

While this may sound reassuring, there are some drawbacks with hosted wallets (also called hot wallets/cloud wallets). Remember: if you don’t control your keys, you don’t control your funds. There is always a third party risk, no matter how trustworthy the party might seem. First, they are a more attractive target for hackers than individuals because their honeypot is much bigger. Second, a sudden change in regulation might not allow them to have you withdraw your funds in a worst-case scenario. It is unlikely, but definitely not impossible. Thirdly, there is always a chance of an entity going bankrupt or stealing money. With the major exchanges like the ones mentioned above this risk seems small, but it does exist. Just ask former Mt. Gox customers. For the reasons above we do advise everybody to store the keys to their funds themselves. This means storing them in a wallet where you have control over your private keys. There is a responsibility that comes with being in charge of the safety of your funds yourself, but enabling you to do this is one of the main motivations for the existence of cryptocurrencies!

You will need to keep some funds on an exchange permanently if you plan to trade often. If you want to do this right, then your level of expertise should be exceeding this article by far anyways.

Non-Hosted Web Wallets

Besides hosted web wallets there is also a range of non-hosted web wallets. The most popular non-hosted web wallet is likely MyEtherWallet, which can store Ether (ETH) and all ERC-20 tokens (tokens that are “living” on the Ethereum blockchain). Those wallets provide an interface to check your funds or create transactions in your web browser, but you have to provide the keys with each login.

There is a range of options to access your wallet with MyEtherWallet (often abbreviated as MEW). The first option requires your address but only lets you view your funds.

MetaMask is a browser plugin that provides the option to make ETH payments within your browser and the ability to login to MEW. It also provides a function detecting phishing sites and warning you when you are about to open one. The next couple of options, Ledger Wallet, Trezor, Digital Bitbox, and Secalot are hardware wallets. We will get to those later in the article.

Accessing your wallet with a keystore /.json file is possible but not recommended. The file contains your private key and when you create your wallet you have the option to download it. If it gets into the wrong hands they will have access to your funds so saving it on your desktop is not the ideal solution. If you want to use this method, you should encrypt the .json file and store it on a separate device like a USB drive. To use it, connect the drive, decrypt the file, then select the file in your browser and voila. After that, you can disconnect your storage medium of choice again.

The last two options are more or less the same with regards to safety. You can either enter your private key directly or your mnemonic phrase (which yields your private key when hashed) which is both problematic if your machine is compromised.

In conclusion, a non-hosted web wallet is quite convenient and just as secure, as the method, you choose to provide your keys with.

Desktop and Mobile Wallets

If you start off with the question “where are your keys?” the desktop and mobile wallet will give you the same answer: on the device. Phones and tablets are more powerful than ever, the difference between a desktop and a mobile wallet is marginal. It is also arguable whether one is safer than the other.

By now you know the tasks a wallet performs: viewing, receiving and sending. If you want to use crypto for everyday transactions there is almost no way around keeping some funds in a mobile wallet. As mentioned before, when creating your wallet you will get a mnemonic phrase that you should keep safe. Usually, there is a PIN, password or Face-/Touch-ID protection to access the wallet. You should never keep more funds in a mobile wallet than you are willing to lose. It’s the same as with cash: you don’t carry around all your money in a wallet. You withdraw as much as you are comfortable handling in cash and keep the rest in your account (or under the mattress :P).

With desktop and mobile wallets, there is a choice between single- and multi-currency wallets. Those should be rather self-explanatory terms. The former allows you to store one coin, while the latter supports multiple currencies. Some of the more popular examples for desktop include Electrum and Exodus. For mobile, there are Mycelium or Paytomat to name just a few.

If you got your first coins on an exchange, I would recommend you to transfer your funds out of the exchange (hosted web wallet) onto a desktop, paper, or hardware wallet. Send a fraction first to make sure everything works as planned. If your first transaction works then you can send the rest. You are now protected from third-party risk, but have full responsibility for your funds yourself.

Paper Wallets

Grabbing our golden thread again and asking “where are the keys” give you a simple answer with a paper wallet: in your hand! A paper wallet is your public and private key pair printed on paper. Almost every cryptocurrency offers a paper wallet generator. To create a key pair you generally first have to create some entropy (a term for disorder), in other words: you want your keys to be as random as possible. This is mostly done automatically, but sometimes you will find features were you have to randomly move your mouse or hit keys on your keyboard to create randomness.

When printing your paper wallet you shouldn’t use a shared printer like the one in your office. In a best-case scenario, the printer doesn’t even have an internet connection. Printers usually keep a copy of the files they printed last, and an attacker might exploit this. You will end up with something looking like this after printing the wallet.

There is only one thing left to do: send your coins to the public key. After that, you have a perfect gift or long term storage for your coins. The main risk with a paper wallet is you actually losing or destroying the wallet by accident. If you don’t have a mnemonic phrase to recover the private key you are at risk of losing all funds on the wallet by accident. So choose wisely where to store your paper wallet. Print several copies if you feel uncomfortable having only one and store all of them in separate, safe places.

Hardware Wallets

Moving on to everybody’s darling: hardware wallets. With a hardware wallet, your keys are stored on the device in something called the “secure element”. The secure element is a place to store data (here, keys) that cannot be directly accessed by your computer or any other device even when it is connected. Although it does look like a simple USB drive, it can actually do a little more than just providing storage for your keys. To use a hardware wallet you usually have a few options of which interface to use with it. Like MyEtherWallet, a few other wallets offer hardware wallet support. Additionally, you have the native wallet apps provided by the producer. In the case of Ledger, for example, the native App is called Ledger Live.

How Does a Hardware Wallet Work?

The interface generates an address when you want to receive funds. Using this feature is pretty straightforward: if you click the receive button the process runs in the background and the address is displayed for you to share with the sender. If you want to send money the app creates the raw transaction that needs to be signed. The unsigned transaction is now sent to your hardware wallet, where it gets signed with your private key. The signature is then returned to your computer and the complete transaction including the signature broadcasted to the network.

Your private key(s) do not leave the device, so they are not visible to the computer you are using your hardware wallet with at any time. This is why a hardware wallet is considered the most secure way of storing crypto, especially large amounts.

If your device ever breaks, you have your mnemonic phrase as a backup. At the risk of being repetitive: your mnemonic phrase, under all circumstances, must stay private and in a secure location. A copy at a trusted family member or in a bank vault might be a good idea in case of a fire, flooding or a playing dog.

Summary

There are many ways to store your cryptocurrencies. Usually, there is a trade-off between convenience and security. The most important question is: where are the keys? A wallet is only a piece of software, an interface, that helps you perform the basic functions of cryptocurrencies: view your balance, create an address to receive funds, and create transactions to send funds.

With a hosted online wallet you are trusting a third party to handle your keys. You have the option to recover your password if misplaced, but there is always a significant third-party risk. If you don’t control your keys, you don’t control your funds!

With desktop, mobile, paper or hardware wallets you own the keys and nobody but yourself is responsible for keeping them safe. If your device breaks you have a mnemonic/recovery phrase to recover access to your money. The menmonic phrase is as sensible as your private key itself and if it gets in the wrong hands, your money can be stolen. This is should not scare you, but make you cautious.

If you have questions and requests, ), leave comments below the article.

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bitcoinminershasrate · 3 years

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Ethermine Review: 2021 Interface| Setting Up And Connecting Farms

Earning cryptocurrencies Ethereum and Ethereum classic is possible only in mining pools. Given the high complexity of mining, lone miners, and even small mining communities, are doomed to painfully long time to decrypt a block, which significantly reduces the profitability of mining. Another thing is powerful pools, which employ tens or even hundreds of thousands of specialists. They crack Ethereum blocks like nuts, 60-70 per hour, and each miner receives a reward depending on the contribution to the common cauldron. The largest Ethereum / Ethereum Classic mountain pool is the Ethermine pool . The resource was created back in 2016 in the USA and still holds the palm in the ranking of the most popular Ethash pools, thanks to a low commission and an adequate payment system. Ethermine interface and pool registration Official site - https://ethermine.org The Ethermine pool does not support the Russian interface, this is the only drawback of its interface. However, everything is intuitively clear anyway, and without a minimum knowledge of the English language, mining will be difficult. Main coins available for mining Welcome to Ethermine High Performance Ethereum Mining Pool. Payments are instant and you will receive ETH as soon as you reach the set payment threshold. This is the translation of the phrase on the title page of the site for Ethereum miners. Below it is a summary of the status of the pool and its benefits. Let's list in order. - Anonymous mining, that is, registration on the pool is not required. - Servers in the US, EU and Asia. - PPLNS payment scheme in real time. - Accurate reporting on hash rate. - Full payment of mining rewards (blocks and fees). - Instant transfer of earned assets. - Configurable minimum payment threshold. - Professional support - Full stratum support. - Efficient mining mechanism, low percentage of orphan blocks. - Detailed global statistics and statistics for each miner. - Email notification system, warnings of invalid promotions - Low commission (1%) - Third party apps for iOS, Android and Telegram The ETC Ethermine service is an exact copy of the ETH Ethermine pool.Important!!! Help for those who do not know what an Orphan's Block or Orphan is. An orphan does not appear due to a mistake or malicious intent of hackers. Users often use the terms “Stale” and “Orphan's Block,” referring to an orphan as a block rejected by the main chain. "Stale" happens mainly because, earlier, his twin brother, decrypted by another miner, was already enrolled in the blockchain. Such a block is called abandoned. Hackers sometimes try to create double blocks in order to destroy the cryptocurrency network. An orphan appears at the deactivated end of the blockchain. The checking nodes assumed it was the best block, but then switched to a different chain. Orphan blocks have been checked, but they are simply not active. Main coins available for mining In addition to ETH and ETC , the Ethermine pool supports the mining of the Zcash cryptocurrency . This unit has its own name zcash .flypool.org , we talked about it in a separate article. More recently, two more digital coins have been added: Beam and Ravencoin . How to set up hardware on Ethermine To work on Ethermine, rigs are suitable for both AMD and Nvidia cards. Overclocking parameters depend on both the GPU device model and the mined coin, as well as the manufacturer of the video memory chips installed on your cards. Different batches of video cards of the same model can have video memory from Samsung, Hynix, Micron or Elpida. When adjusting overclocking settings, you need to know the manufacturer of the video memory installed on each of the cards in your rig, especially if you have a GTX 1660S . Therefore, it is extremely difficult to give general recommendations for setting up equipment. It's easier to recommend mining software. To work on Ethermine, it is recommended to use crypto-mining utilities: - Phoenix Miner ; - Teamredminer ; - T-Rex ; - Lolminer; - NBminer. If you are going to mine Ether or Ether classic, use the Phoenix miner, this is a universal solution for any model of video card. The choice of utilities for Beam and RVN depends on the manufacturer of the video cards. Beam on red cards is mined with Lolminer, and RVN with Teamredminer. For mining on Nvidia graphics chips, you can use NBminer. On Ezermine, this program will come in handy in green on any coin, however, some miners prefer the T-Rex miner. It can be used to mine ETH / ETC / RVN on Nvidia cards. However, the last coin, as well as Beam, is of no interest to the green ones in the current market situation. Setting and batch file for mining ETC If you have built a farm on video cards of the GTX 1660Super level and higher, then Ether is the most profitable coin. True, if you believe the online mining profitability calculator Whattomine , then Ravencoin is more profitable for the RTX 2080, but miners rarely buy these video cards, preferring either the more budgetary GTX1660S, or the much more efficient 30-series cards. As for AMD graphics processors, their choice of a coin depends on the amount of built-in video memory. If you have RX 5600/5700 / 6700XT cards, then you need to mine Ether, and for the outdated RX 570/580 models with 4 GB of video memory, all other coins of the Ethermine pool are suitable. As of 07/02/2021, the most profitable cryptocurrency for mining on AMD 4-gig cards is ETC. But if RBN slightly increases in price, then ETC will become more profitable. In addition, ETC mining equipment heats up less than KawPow, which is very important when summer is in full swing, especially for miners from southern regions. Now let's talk in more detail about the settings of the executive file for each of the cryptocurrencies offered on this pool. Setting and batch file for mining ETH On the Ethermine service, the miner settings are very simple, you must specify in the batch file: - Program launch code. - Selected server and connection port, e.g. eu1.ethermine.org:4444 - Payment wallet address. It is recommended to leave the password value empty (Leave empty), but if you write -epasw x, the miner will still connect to the pool. An example of a Phoenix Miner batch file : PhoenixMiner.exe -pool eu1.ethermine.org:4444 -pool2 us1.ethermine.org:4444 -wal YourEthWalletAddress.WorkerName -proto 3 -tstop 85 Instead of ADRESS WALLET, write the billing address of your wallet, save the file with the bat extension, name it so as not to be confused and run it in the miner's folder. If the specified server fails, the miner will automatically switch to pool2. The -proto 3 parameter helps determine the type of protocol, and -tstop 85 will protect your cards from overheating. It can be set for each card separately, and then, if one or all of the fans fail on one of them, it will be removed from mining before the graphics chip falls off from overheating. Although, of course, cards in mining can get very hot for various reasons and each specific case should be considered separately.https://www.youtube.com/embed/Cu3lE7i54O4?wmode=transparent&rel=0&feature=oembed In PhoenixMiner, you can also set acceleration, target temperature, rotation speed of the propeller blades of the cooling system and other operating parameters. You can read more about the settings of the Phoenix crypto mining utility and other programs in the thematic reviews on our website. Setting and batch file for mining ETC This blockchain project experienced a 51% success rate in November 2020. To prevent the repetition of these sad events, the developers carried out a hard fork with a change in the algorithm. The coin switched from regular Ethash to the modernized Etchash protocol. All new versions of Ethereum miners work with it, you only need to specify a coin (etc) or protocol (ETCHASH) depending on the settings of a particular mining utility. The batch file for ETC Ethermine miner settings looks like this @echo off lolMiner.exe --algo ETCHASH --pool eu1-etc.ethermine.org:4444 --user Your ETC wallet address pause Setting and batch file for RVN mining ETH / ETC cryptocurrencies are mined on ethermine.org, all others on flypool.org, but this is the same pool. The executable file for RVN mining will look like this: teamredminer.exe -a kawpow -o stratum + tcp: // stratum-ravencoin.flypool.org:3333 -u Wallet address.Farm name -px Setting and batch file for mining Beam It is more profitable to get the Beam coin on red cards using Lolminer. Bat file example: @echo off lolMiner --coin BEAM --pool eu1-beam.flypool.org --port 3333 --user Wallet address. Farm name --tls 0 pause When drawing up a batch file, you must not miss a single detail, the absence of a dash or dot will immediately cause a failure. To see where the mistake was made, write at the end of pause. If the executable file is correctly compiled, the miner will start, otherwise the process will freeze and the reason for the failure will be indicated in the terminal. Setting and batch file for mining ZEC This coin is only mined by ASIC miners, Innosilicon A9 ++ ZMaster and Antminer Z9 . IC devices are configured through the miner control panel and usually run at factory overclocked settings. But, for Antminer Z9, a custom firmware has been created to increase mining productivity. The download link can be taken directly from the pool, page https://zcash.flypool.org/start . Payment of remuneration and commission After mining is launched, it is necessary to control the mining process. Your personal statistics will start to be displayed after about 8-10 sent shares. To see it, enter the wallet number specified in the Ethermine miner settings in the “ Address ” field in the upper right corner, and click on the “ Search ” icon . A window with your page will appear on the display, in which it will be displayed: - The miner's hashrate at the moment, as well as the average speed for the past hour and for the day. If you have just started mining the hourly and daily hash rates will be much less than the actual one, do not panic over time, the statistics will level out. - Balance. - The number of active farms. - The number of balloons sent. Payment of remuneration and commission On the Payouts page , you will see the calculation of the estimated payout. The system performs it on the basis of indicators, hourly and daily hash rates, so in the first minutes the amount will be very small. Wait until the speed for 24 hours equals the current one, and then you will see the real numbers. A preliminary calculation of profitability can be done on the WhatToMine online service. Withdraw funds Withdraw funds ETC By default, the minimum payout for ethermine org is 0.1 ETH and 0.01 ETC, which is a perfectly acceptable figure. To change the size of the automatic payment, you need to go to the “ Setting ” page in the personal statistics of the miner and select the Payment Method section . minimum payout for ethermine org is 0.1 ETH and 0.01 ETC Next select Change Threshold and make changes: - Withdrawal amount in the range from minimum to maximum. - The farm's IP address. The IP can be found on one of the online services. If you are using multiple IPs, write the one from which your rig was launched. The last 3 digits of the IP that you will enter must match the digits previously specified by the pool in the lower settings field. Click " Update Threshold " and if everything is done correctly, a green line will appear with a message that the changes have been accepted. Ethermine pool will transfer money to you automatically as soon as you reach the required amount. But even if you cannot accumulate the minimum wage in a week, the pool will pay you the amount that you have already earned. All transaction fees associated with payments on the service are paid by the pool, regardless of the amount of payments. Ethermine pool will transfer money to you automatically Reviews On the mining forums and social networks, you will see a lot of reviews about the Ethermine pool. Sometimes they complain that Ethermine is not working, you need to switch to another server or contact support. However, if, due to server failures, statistics are lost, the Ethermine pool recalculates earnings, crediting the miners with the missed hours. Throughout its history, the service has not given serious grounds for fraud charges. And the number of miners speaks for itself. If you need a reliable Ethereum / Ethereum Classic pool head over to ethermine.org. Happy mining! Read the full article

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ailtrahq · 9 months

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What is Address Poisoning Attack in Crypto Address poisoning is a type of crypto scam where the attacker relies on the carelessness of the crypto investor to mistakenly send crypto to a wrong address. The attacker poisons the transaction history of the investor by sending small amounts of crypto assets from an address that resembles the investor’s own or an address they frequently send crypto to. The intention is for the investor to mistakenly send them crypto by copying their address from the transaction history. Blockchains with low transaction fees (like Polygon and BNB chain) are more prone to address poisoning. This is because the scammer would not need to spend too much on transaction fees. How Does Crypto Address Poisoning Work 1). Address duplication The attacker first creates a public address that is similar to that of the victim they want to attack. This new address is called a vanity address(or a fake address) and is created by copying the first and last few characters of the victim’s public address. 2). Bread-crumbing After creating a vanity address, the attacker then sends a small amount of a token to the victim’s address. The attacker can send these tokens once or multiple times. By doing this, they poison the transaction history of the receiver. The next time the user goes to their transaction history to copy their address, they will see the vanity address with a similar character to their normal address and mistake it for their own. Some crypto wallets allow you to hide tokens received from susceptible addresses. This prevents the address from showing up in your transaction history. Also, address poisoning does not compromise your crypto wallet as long as you don’t share your private key with the attacker or interact with the vanity address. How to Stay Safe From Address Poisoning Attacks 1). Create an address book or contact list An address book is a feature on some crypto wallets that allows you to make a list of public addresses you frequently interact with. You can also add nicknames to the addresses on the list. This will help you identify them with ease. Some crypto wallets also offer additional security if you want to transfer assets to an address that is not on the list. You can verify this address using a two-step authentication process. You can also set up notifications that alert you when any public address interacts with you. This will help you confirm your usual transactions and flag suspicious addresses. 2). Copy your public key directly from the wallet Instead of copying your address from the transaction history, copy it directly from the crypto wallet. You can also use the QR code attached to the wallet when in doubt. Source

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pejuangcod · 3 years

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Digital Bureaucracy

First Decentralized Bureaucracy System That Simplifies And Standardizes Data With Blockchain Technology

About

Digital Bureaucracy is the first Decentralized Bureaucracy System that simplifies and standardizes data using blockchain technology. We facilitate bureaucracy across Individuals, Institutions, and Countries on the Blockchain Network. It is the Artificial Intelligence (AI) supported Blockchain Project that aims to end the difficult and long-lasting paperwork and bureaucracy transactions between countries, institutions, and individuals. It is a document management and document transfer solution specially developed for a decentralized blockchain, aimed at making your life easier with the combination of artificial intelligence and blockchain technologies. Documents and Bureaucracy transactions in documents, invoices, land registry, vehicles and many more are distributed in the Blockchain database and then your documents are distributed decentralized in a comparable, irrevocable way on the blockchain network. A system where the submitted information can only be seen by users who have a Hash key.

HOW DOES DIGITAL BUREAUCRACY WORK?

The DBC Project has made it possible to manage the tedious document transactions that cause complexity in our lives. For a moment, imagine that paper is not used within the World. With DBC, you will be able to send and receive your invoices, official documents, insurance and hospital documentation, customs and tax transactions, home, and car buying/ transactions, international, official, or personal information/documents using a single click encrypted over the Blockchain Network.

We combine the structure of Artificial Intelligence and Blockchain, allowing you to trade securely and quickly.

Bureaucratic procedures will rely on the help of Artificial Intelligence completely. It is a great project that will ensure swift and reliable transfers over the blockchain network.

Dependable and rapid payments. You will be able to send even the highest payments at the lowest cost.

Safe storage of school and hospital transactions on the Blockchain network. It enables making an action or obtaining information simpler with just a click.

What is DBCChain?

DBCChain is an Artificial Intelligence (AI) software developed by the Digital Bureaucracy team in open source. In order to make the use of DBCChain software specific to countries, institutions, and companies a very simple process, our team continues to work. We aim to ensure that it can be installed on all your devices with just one click, but also become very simple to use.

How does DBC Work?

Combine the structure of Artificial Intelligence and Blockchain, allowing you to trade securely and quickly.

Bureaucratic procedures will rely on the help of Artificial Intelligence completely. It is a great project that will ensure swift and reliable transfers over the blockchain network.

Dependable and rapid payments. You will be able to send even the highest payments at the lowest cost.

Safe storage of school and hospital transactions on the Blockchain network. It enables making an action or obtaining information simpler with just a click.

To facilitate the blockchain network in our daily lives, DBC started to develop its own Blockchain infrastructure to provide convenience in the listed areas below:

DBC Solution

What is DBC Token?

DBC Token is a virtual currency created to cover the Blockchain network fees of the Digital Bureaucracy system. Efforts are underway for our project to take party in many Exchanges according to our DBC Token Target table.

DBC Token will be used to cover Digital Bureaucracy Blockchain Network fees. Binance Smart Chain (BSC) Manufactured using BEP20 Smart Contract.

• Token Symbol Name: Digital Bureaucracy

• Short Token Name: DBC

• Token Standard: BEP20

• Blockchain Platform: Binance Smart Chain

• Total Supply: 200,000,000 DBC

DBC Token Sale

The DBC token was created using Binance Smart Chain (BSC) BEP20 Smart Contrac. The token’s third party service wallets, exchanges, etc. It provides compatibility with and easy-to-use integration.

How can I participate in the DBC Token sale?

DBC token is issued decentrally. It is a unique platform; completely user friendly that is secure, smart, and easy to use. You can buy the tokens from the ‘Token Sales’ section of our website. You are also able to have DBC Tokens free of charge by following our Social Media accounts.

Start: 2021-04-30

Total Supply: 200.000.000 DBC

umber of tokens for sale: 25.000.000 DBC

Tokens exchange rate: 1 DBC = 0.010 USD

Acceptable currencies: ETH, BNB, BTC, USDT

Minimal transaction amount

1000 DBC / 10 USD

ICO and Presale

Stage A - Presale Global

Date: 30 April 2021 - 31 July 2021

Bonus: 1% - 5,000 DBC+ 2% - 10,000 DBC+ 3%

Stage A Sales: 25,000,000 DBC ($250,000)

Stage A sales price: 0.010$

Investor Data (KYC): NO (can be purchased anonymously)

DBC Token Distribution: All DBC Tokens will be distributed when the ICO Expires on April 30, 2022.

Stage B - Presale Global

Date: 1 August 2021 - 31 October 2027

Bonus: 1% - 5,000 DBC+ 2% - 10,000 DBC+ 3%

Phase B Sales: 25,000,000 DBC ($1,250,000)

Stage B sale price: 0.050$

Investor Data (KYC): NO (can be purchased anonymously)

DBC Token Distribution: All DBC Tokens will be distributed when the ICO Expires on April 30, 2022.

Stage C - Presale Global

Date: 1 November 2021 - 31 January 2022

Bonus: 1% - 5,000 DBC+ 2% - 10,000 DBC+ 3%

Phase C Sales: 25,000,000 DBC ($3,750,000)

Stage C sale price: 0.15$

Investor Data (KYC): NO (can be purchased anonymously)

DBC Token Distribution: All DBC Tokens will be distributed when the ICO Expires on April 30, 2022.

Stage D - Presale Global

Date: 1 February 2022 - 30 April 2022

Bonus: 1% - 5,000 DBC+ 2% - 10,000 DBC+ 3%

Phase D Sales: 25,000,000 DBC ($5,000,000)

Stage D sales price: 0.20$

Investor Data (KYC): NO (can be purchased anonymously)

DBC Token Distribution: All DBC Tokens will be distributed when the ICO Expires on April 30, 2022.

Team

Roadmap

For More Information Click Links Bellow:

Web: https://www.digitalbureaucracy.org/

ICO&Airdrop: https://dbc.digitalbureaucracy.org/

Twitter : https://twitter.com/DigiBureaucracy

Telegram Group: https://t.me/digitalbureaucracy

Facebook Group: https://www.facebook.com/groups/digitalbureaucracy

Reddit: https://www.reddit.com/user/Digitalbureaucracy

Medium: https://medium.com/@Digitalbureaucracy

ANN: https://bitcointalk.org/index.php?topic=5328282.0

Whitepaper: https://www.digitalbureaucracy.org/Whitepaper-EN.pdf

Author: pejuang cod

My Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=2699227

BEP-20 Address: 0x407920277aF25FEeCE0560e7e288397c93B2835c

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