Asia is where new crypto hubs are emerging and thriving despite uneven regulation.
China is home to a tremendous number of cryptocurrency projects and exchanges, and yet, crypto has actually been banned for several years now. Firstly, the nation’s central bank, banned initial coin offerings and cryptocurrency exchanges, then the Shanghai branch of People’s Bank of China (PBoC) considered rooting out the crypto market in the country. Therefore, in 2019, a Chinese court ruled out that Bitcoin was digital property. Furthermore, the PBoC has said it’s prioritizing the launch of a central bank digital currency.
The city-state of…
Top 5 cryptocurrencies are going up rapidly this week: BTC and altcoins (ETH,…)
This week, BTC price nearly hit a new multi-year high at $16,000. While the supply is increasing by about 2,5% a year, the demand is growing faster than that. At the current market capitalization of over $284 billion, BTC would rank 18th when compared with publicly listed US companies. Only Mastercard, JPMorgan Chase, and Visa are ahead of Bitcoin in terms of market cap.
BTC is currently in a corrective phase within a strong uptrend. When the sentiment is positive, traders view dips to strong support levels…
One of the most significant Ethereum tokens is known as ERC-20. ERC-20 has emerged as the technical standard; it is used for all smart contracts on the Ethereum blockchain for token implementation and provides a list of rules that all Ethereum-based tokens must follow.
ERC-20 is similar, in some respects, to bitcoin and other cryptocurrency; ERC-20 tokens are blockchain-based assets that have value and can be sent and received. The primary difference is that instead of running on their own blockchain, ERC-20 tokens are issued on the Ethereum network.
Therefore, both types of tokens (TRC-20 and ERC-20) own their features and functions. Your next choice is to choose a secure and efficient wallet to store your crypto assets. One of them is Crystal Wallet.
TRC-20 token gives TRON-based tokens and are used in smart contracts. For example, a TRON-based project might automatically issue more of its TRC-20 tokens to early purchasers by programming such an early purchase bonus into the token’s smart contract.
However, with this added functionality and possibility for customization comes more complexity. TRC-20 token standard is fully compatible with Ethereum’s ERC-20 token standard. This means that TRC-20 tokens can be used in Ethereum-based smart contracts, allowing developers to transfer their Ethereum-based smart contracts to TRON if they choose.
Software crypto wallets are “hot wallets”. This means they could be hacked remotely because of internet access. But if you trade in low volumes, desktop software could be the best cryptocurrency wallet for you.
Crystal wallet is a beautifully-designed wallet that supports multi-coin exchanges, including Bitcoin, Ethereum and Erc-20 tokens. It allows you to manage your keys, presents your investment in easy-to-understand charts and is totally customizable — meaning, you can make it perfect for you. Crystal wallet is also available for Apple iOS and Google Android users to download.
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After reaching a peak in price late 2017 and subsequently fading from popularity, cryptocurrencies like Bitcoin have experienced a more modest surging once again in 2019. As this has taken place, investors also want to get involved in cryptocurrency.Therefore, using the right wallet to store your cryptocurrency can prevent hackers from accessing your investment.
Cryptocurrency wallets are places where all your crypto “keys” are stored . …
What are smart contracts?
Smart contracts are lines of code that are stored on a blockchain and automatically execute when predetermined terms and conditions are met. At the most basic level, they are programs that run as they’ve been set up to run by the people who developed them. The benefits of smart contracts are most apparent in business collaborations, in which they are typically used to enforce some type of agreement so that all participants can be certain of the outcome without an intermediary’s involvement.
Some benefits of smart contracts
- Speed and accuracy
The technology behind cryptocurrency wallet uses biometrics. The growth and spread of cryptocurrency in modern society has exploded over the past few years, driven by the extraordinary success of just a few of the largest currencies available. Due to the way in which cryptocurrencies are designed and used, privacy and security are foundational principles that often may not be compatible with the way that many physical stores are able to operate. This problem can easily be solved with biometric sensing technology, such as the devices and services offered by IDEX Biometrics.
Biometric sensors have been implemented in situations…
Cryptography — Public and Private Key
Bitcoin ensures security by “elliptic curve cryptography” between owners of Bitcoins. Elliptic curve cryptography is a type of public key cryptography, relying on mathematics to ensure that a transaction can be secure. Bitcoin transactions are sent from or to electronic Bitcoin wallets, and are digitally signed for security. Everyone on the network knows about a transaction, and the history of a transaction can be traced back to the point where the Bitcoins were produced. …
As running our business with Crystal Technology efficiently, we have a tendency to apply for a license in order to issue electronic money in the near future
The primary motivation for issuing electronic money is to increase the efficiency and stability of crypto storing systems and improve and fulfil our services all over the globe as well.
The major benefits for obtaining the license:
We make sure that we will follow all required compliance with anti-money laundering/combating financing of terrorism (AML/CFT) regulations. The elimination of physical cash could assist in…