6 Benefits of Investing in Cryptocurrencies

Blockchains, sidechains, mining – terminologies in the underground world of cryptocurrency continue to accumulate for minutes. Although it sounds unreasonable to introduce new financial terms in an already complicated world of finance, cryptocurrencies offer a much-needed solution to one of the biggest annoyances in today’s money market – security of transaction in a digital world. Cryptocurrency is a definite and disruptive innovation in the fast-paced world of fin-tech, a relevant response to the need for a secure medium of exchange in the days of virtual transactions. In a time when business is just numbers and numbers, cryptocurrency offers to do exactly that!

In the most rudimentary form of the term, cryptocurrency is a proof of concept for an alternative virtual currency that promises secure and anonymous transactions through peer-to-peer online networks. The misnomer is more of a property rather than real currency. Unlike everyday money, cryptocurrency models operate without a central authority, as a decentralized digital mechanism. In a distributed cryptocurrency mechanism, money is issued, managed and approved by the peer collective community network – the ongoing activity of which is known as mining on a peer’s machine. Successful miners also receive coins in appreciation of their time and resources used. Once used, the transaction information is transmitted to a blockchain in the network under a public key, preventing each coin from being spent twice by the same user. The blockchain can be thought of as the cashier’s record. Coins are secured behind a password-protected digital wallet representing the user.

The supply of coins in the world of digital currency is predictable, free from manipulation, by every individual, organization, government entity and financial institution. The cryptocurrency system is known for its speed, as transaction activities on digital wallets can materialize funds in a matter of minutes, compared to the traditional banking system. It is also largely irreversible by design, further strengthening the idea of ​​anonymity and eliminating any other chance of returning the money to its original owner. Unfortunately, the salient features – speed, security and anonymity – have also made cryptocurrencies the mode of transaction for many illegal businesses.

Just like the money market in the real world, currency rates fluctuate in the digital currency ecosystem. Due to the finite amount of coins, as the demand for the coin increases, the coins inflate in value. Bitcoin is the largest and most successful cryptocurrency so far, with a market capitalization of $15.3 Billion, capturing 37.6% of the market and today the price of $8,997.31. Bitcoin hit the currency market in December 2017 to be traded at $19,783.21 per coin, before facing a sharp explosion in 2018. The fall is partly due to the rise of alternative digital currencies such as Ethereum , NPCcoin, Ripple, EOS, Litecoin and MintChip.

Due to the limits encoded in their supply, cryptocurrencies are considered to follow the same principles of economics as gold – the price is determined by limited supply and fluctuations in demand. With constant fluctuations in exchange rates, its sustainability remains to be seen. Consequently, investing in virtual currencies is more speculation at the moment than a daily money market.

In the wake of the industrial revolution, this digital currency is an indispensable part of technological disruption. From the point of view of a casual observer, this growth can seem exciting, threatening and mysterious all at once. While some economists remain skeptical, others see it as a lightning revolution of the monetary industry. Conservatively, digital currencies are going to displace about a quarter of national currencies in developed countries by 2030. This has already created a new asset class alongside the traditional global economy and a new set of investment vehicles will come from cryptofinance in the next few years. Recently, Bitcoin may have taken a dip to give spotlight to other cryptocurrencies. But this does not signal any crash of the cryptocurrency itself. While some financial advisers put the emphasis on the role of governments in the suppression of the underground world to regulate the central government mechanism, others insist on continuing the current free flow. The more popular cryptos are, the more scrutiny and regulation it attracts – a common paradox that bedevils the digital note and erodes the primary objective of its existence. However, the lack of intermediaries and oversight makes it remarkably attractive to investors and causes daily trading to change dramatically. Even the International Monetary Fund (IMF) fears that cryptocurrencies will replace central banks and international banking in the near future. After 2030, regular trade will be dominated by the crypto supply chain that offers less friction and more economic value between technology buyers and sellers.

If cryptocurrency aspires to become an essential part of the existing financial system, it will have to satisfy very divergent financial, regulatory and societal criteria. It will have to be hack-proof, consumer-friendly and highly safeguarded to offer its fundamental benefit to the mainstream monetary system. It should preserve the anonymity of users without being a channel for money laundering, tax evasion and Internet fraud. Since these are must-haves for the digital system, it will take a few more years to understand if the cryptocurrency will be able to compete with the real world currency in full swing. While it is likely to happen, the success of the crypto currency (or lack thereof) in facing the challenges will determine the fortune of the monetary system in the days ahead.

We all know a time when 1 BitCoin was worth more than $13,000, then suddenly it dropped and now it is worth only $6,000.

People never seem to know and understand the reason behind these drops and I will explain that to you.

There was a total amount of BitCoin generated from the beginning by the developers at the beginning and since it became valuable, there was a need to generate more. Didn’t you get it right? Let me explain better.

So imagine from the beginning that bit coin developers generated 10,000,000 BitCoin at first. Now these 10,000,000 BitCoin circulate to individuals, so when the 10,000,000 BitCoin was already owned by individuals all over the world it started to increase in value.

Now the developers saw that their crypto currency gained more value, but fewer individuals had it, there was a need to generate more for more individuals.

And what better way is there to generate more BitCoin?

If

1 BitCoin = $13,000.

So what

10,000,000 BitCoins = $130,000,000,000.

So there is $130,000,000,000 in the Internet.

So the idea came to the developers!!

We fail the price of BitCoin, use the remaining amount to generate more BitCoin.

Is it:

Since BitCoin has built $130,000,000,000 on the internet, cut the price and generate more.

I mean

1 BitCoin = $13,000 then Now

1 BitCoin = 6000$

So from 1 BitCoin, 2.2 BitCoin can be generated.

Now the question is where is the newly generated BitCoin?

It’s everywhere on the internet!!!

It’s on every website you go to.

It’s on every social platform.

It is everywhere in the world!!

It is in North America.

It is in South America.

It is in Africa.

It is in Asia.

It is in Europe.

It is scattered everywhere!!!

All you have to do is to start Mining it.

Now how do you start mining these cryptocurrencies?

There is a lot of BitCoin Mining software that I recommend Web’Miner.

It is a software developed by an organization in China “Soft Tech Geeks”. I use it a lot, I Mine whenever I want and I do a lot from it.

Some will say, why share it now?

Some will say, if it’s so easy why not just Mine? So you can get it all for yourself.

Well, the developers are smart, they put a mining limit. The idea was not for a single person to have, or for a particular group of people.

The idea was for everyone, anywhere in the world to own these cryptocurrencies.

If you need help to mine Bit Coin, you can contact us

SOFT TECH GEEKS

softtechgeeks@gmail.com

Thank you

Cryptocurrency

Cryptocurrency is a digital currency. It is also called virtual currency. It is a digital asset that manages its transactions with encryption, encryption is used impenetrably and confirms the transactions. Bitcoin was added in 2009 as the first decentralized cryptocurrency. After that, many different cryptocurrencies came to the market. These are generally known as Altcoins. These currencies use decentralized management as a counterweight to centralized digital money and central banking systems.

Distributed management uses Bitcoin’s blockchain transaction database as a paid ledger. A cryptographic device generates decentralized cryptocurrency at a predefined price, which is communicated to the public. In centralized banking and the Federal Reserve System, the boards of directors or governments manage the currency agreement through cash printing units, and the exchange is carried out with digital bank books. However, in a decentralized cryptography, companies or governments cannot create new entities or provide support to different companies, banks, or companies that hold an asset.

The Satoshi Nakamoto Group created the underlying technical gadget for decentralized cryptocurrencies. Almost a thousand cryptocurrencies have been created since September 2017, most of them comparable to Bitcoin. In cryptocurrency systems, security, integrity and general records are maintained with the help of a team of mutually suspicious parties known as miners, for which the general public is validated by the use of their computer systems and timestamp transactions are maintained by a specific timestamp scheme. Miners, in order to preserve the security of a cryptocurrency ledger for economic reasons.

Most cryptocurrencies are constantly minimizing the production of currency, capping the whole amount of currency in circulation and imitating precious metals. Unlike ordinary currencies, which are held via currency institutions, as they keep cash in stock, cryptocurrencies are difficult to capture by law enforcement. This problem is due to the use of cryptographic technologies. Law enforcement officials faced this problem in the Silk Road case, in which Ulbricht’s Bitcoin stash was “encrypted.” Crypto-currencies like Bitcoin are pseudonymous, although add-ons like Zerocoin have been suggested to provide authentic anonymity.

Some unknown person or human beings used the title Satoshi Nakamoto and added Bitcoin in 2009, the first digital currency. SHA-256, a cryptographic hash function, was used as a working scheme in this. Namecoin was located in April 2011. Litecoin was released, in October 2011, Scrypt was the hash function in it. Cryptocurrency, Peercoin used the hybrid as proof of work. IOTA does not use blockchain, it uses the tangle. Built on a custom blockchain, the Divi Project allows effortless buying and selling between currencies from the wallet and the ability to use non-publicly identifiable information for transactions. Then many unique crypts were created, but only a few were successful, as they did not have the lack of technical innovations.

The first bitcoin ATM was installed in Texas, USA, on February 20, 2014, by the creator of Robocoin, Jordan Kelley. This ATM was identical to bank ATMs, but studied identifications such as the user’s passport or driver’s license with the help of scanners. Almost 1574 bitcoin ATMs were installed in different countries in 2017 with a total of 3 ATMs were connected per day in 2017.

The legal status of cryptocurrencies varies greatly from country to country and is still pending in many of them. Although some countries have clearly allowed its use and trade, others have banned it. Also, different government institutes have limited bitcoins differently. In 2014 China Central Bank banned the processing of bitcoins by financial institutions in China. In Russia, however, cryptocurrencies are legal, although it is criminal to use other currencies to buy goods outside of the Russian ruble. The United States Internal Revenue Service allowed bitcoin to be subject to capital gains tax on March 25, 2014, this rule clarified the legality of bitcoin.

Crypto Currency (or Cryptography) is a controversial digital asset designed to function as a cryptographic medium of exchange to secure your transactions, additional monitor units, and transfer assets. Cryptocurrencies are a type of digital currency, alternative currency and virtual currency. Cryptocurrencies use decentralized control instead of a centralized electronic money system and central banks.

The decentralized control of each cryptocurrency works through blockchain, which is the basis of public transactions, which works as a distributed ledger.

Formal definition

According to Jan Lansky, crypto may be a system that meets four conditions:

• The policy defines whether new units of cryptocurrency can be created. If new units of cryptocurrency can be designated, the system will identify the circumstances of the source with the ownership of these new units.

• If two different instructions to change the purchase of the same cryptographic units are entered, the system executes at most one of them.

• The system allows transactions to be carried out in a way that the owner of the cryptographic unit is changed. A statement transaction can only be issued by an entity that proves the actual owners of these units.

• Ownership of cryptocurrency units can only be shown in cryptography.

Overview

Decentralized cryptography collectively produces the entire system of cryptographic services at the speed defined during the creation of the system and is publicly known. In centralized banking and economic policies, such as the Federal Reserve System, administrative committees or governments control the money supply by printing trust fund units or requiring complementary digital ledgers. In the case of decentralized cryptography, governments or companies cannot produce new units, and they are also not compatible with other companies, banks or entities that have property values. The primary technical system based on decentralized cryptocurrencies was created by a group or individual known as Satoshi Nakamoto.

As of May 2018, there were over 1,800 transparent crypto specifications. The crypto-currency system, security, integrity and balance records are maintained by a community of mutually suspicious parties called minors who use their computer to confirm the time of the transaction, adding to the register under a specific scheme of time stamps .

Most crypto copies are designed to gradually reduce the production of this coin by limiting the total amount of those coins that will be in circulation. Compared to common currencies held by financial institutions or maintained

money in hand, the police can be more difficult to catch crypto. This problem comes from the exploitation of cryptographic technologies.

If you have invested in cryptocurrency, you know that considering the market conditions is of prime importance. As an investor, you should be aware of what is happening with different currencies and what other traders are saying about the future.

Therefore, if you want to make wise investment decisions, it is better to consider the predictions about cryptocurrency. Fortunately, there are many sources on the web that allow you to research and look for predictions. This can help you stay ahead of others in the market. Make sure you stay away from fraudulent people and other schemes that claim to make you rich overnight. Given below are a few credible sources of predictions that can help you achieve success as an investor.

TradingView

If you are looking for a reliable source of forecasts, check out TradingView. This platform offers great mapping tools that everyone can use. It doesn’t matter if you are a beginner or an advanced user. This platform allows you to know how different types of cryptocurrencies behave over time. Thus, you can predict their behavior on the road.

One of the main reasons that this platform offers reliable predictions is that it has a large community of experienced investors who are always ready to share their knowledge. In fact, more than 3.3 million active investors are part of this platform.

Finder.com

Finder is your ideal source if you want to get valuable insight into the future of cryptocurrency from various reliable authorities. Indeed, Finder consults finance and cryptocurrency experts on a regular basis and publishes their predictions for other investors.

In addition, the platform works with panelists from various industries, such as news, finance and technology. Based on discussions with these professionals, Finder can make accurate predictions.

Bitcoin Wolf

Bitcoin Wolf is another great platform that can provide accurate predictions about cryptocurrencies. By joining the chat room of this platform, you can chat with other experienced investors throughout the day. Apart from this, you can take advantage of other excellent features offered by the platform, such as real-time alerts, peer advice centers, technical analysis, etc.

This place is the best platform where you can talk about the future of these coins. And the great thing is that the experts will give you a deeper insight into this world, and help you make informed decisions.

When it comes to investing in cryptocurrency, make sure you do your homework first. It’s a good idea to consider the forecasts so you can make the right decisions down the road. You need to pay attention to what other experienced investors think about the future. Apart from this, you may want to get the point of view of the experts in the industry.

Final thoughts

So, if you check the sources above, you will be able to get an insight into the mind of other investors in the industry. By doing so, you can make better decisions, which will make your business profitable. It is better to check the forecasts regularly.

Traders are still concerned about the volatility of “Bitcoin”. It is important to know what makes the value of this particular digital currency very unstable. Like many other things, the value of “Bitcoin” also depends on the rules of supply and demand. If the demand for “Bitcoin” increases, then the price will also increase. Conversely, the decrease in demand for “Bitcoin” leads to a decrease in demand. In simple words, we can say that the price is determined by what amount the trading market is willing to pay. If a large number of people want to buy ‘Bitcoin’s, then the price will increase. If more people want to sell ‘Bitcoin’s, then the price will go down.

It is worth knowing that the value of “Bitcoin” can be volatile when compared to more established products and currencies. This fact can be credited to its comparatively small market size, which means that a smaller amount of money can change the price of “Bitcoin” more prominently. This inconsistency will naturally reduce over time as the currency develops and the size of the market increases.

After being shaken at the end of 2016, “Bitcoin” touched a new record level in the first week of the current year. There could be many factors that cause the “Bitcoin” to be volatile. Some of these are discussed here.

The bad press factor

“Bitcoin” users are especially scared by various news events, including the statements of government officials and geopolitical events that “Bitcoin” may be regulated. It means that the adoption rate of “Bitcoin” is disturbed by negative or bad press reports. Several bad news stories create fear in investors and prohibit them from investing in this digital currency. An example of bad news is the eminent use of “Bitcoin” in the processing of drug transactions through Silk Road, which came to an end with the interruption of the FBI market in October 2013. This type of stories produced panic among people and caused the “Bitcoin”. ‘value to decrease a lot. On the other hand, veterans in the trading industry saw such negative incidents as evidence that the “Bitcoin” industry is mature. So the “Bitcoin” started to gain its increased value shortly after the effect of the bad press disappeared.

Fluctuations of perceived value

Another big reason for the value of “Bitcoin” to become volatile is the fluctuation of the perceived value of “Bitcoin”. You may know that this digital currency has properties similar to gold. This is governed by a design decision by the producers of the core technology to limit their production to a static amount, 21 million BTC. Due to this factor, investors can allocate less or more assets in “Bitcoin”.

News about security breaches

Different press agencies and digital media play an important role in building a negative or positive public concept. If you see something that is advertised Advantageously, you can go for it without paying much attention to the negative sides. There has been news about “Bitcoin” security breaches and it has really made investors think twice before investing their hard earned money in “Bitcoin” trading. They become too susceptible to choose any specific “Bitcoin” investment platform. “Bitcoin” can become volatile when the “Bitcoin” community discovers security vulnerabilities in an effort to create a large open source response in the form of security fixes. Such security issues give rise to many open-source software such as Linux. Therefore, it is recommended that the developers of “Bitcoin” should expose the security vulnerabilities to the general public in order to make strong solutions.

The latest “OpenSSL” vulnerabilities attacked by the “Heartbleed” bug and reported by Neel Mehta (a member of the Google security team) on April 1, 2014, seem to have a downward effect on the value of “Bitcoin”. According to some reports, the value of “Bitcoin” has decreased by up to 10% in the following month compared to the US Dollar.

Small option value for holders of large “Bitcoin” proportions.

The volatility of “Bitcoin” also depends on the holders of “Bitcoin” who have large proportions of this digital currency. It is not clear for “Bitcoin” investors (with current shares more than $10M) that how they establish a position that expands into a fiat position without moving the market severely. So “Bitcoin” has not touched the mass market adoption rates which would be important to give an option value to the big holders of “Bitcoin”.

Effects of Mt Gox

The recent high profile damage in “Mt Gox” is another big reason for the volatility of “Bitcoin”. All these losses and the resulting news about heavy losses had a double effect on the instability. You may not know that this reduced the overall float of “Bitcoin” by almost 5%. This has also created a high potential on the residual value “Bitcoin” due to the increase in scarcity. However, replacing this elevator was the negative result of the series of news that followed. In particular, many other “Bitcoin” portals saw the big failure in Mt Gox as an optimistic thing for the long-term prospects of the “Bitcoin”.

What is Bitcoin?

If you’re here, you’ve heard of Bitcoin. It has been one of the biggest frequent news headlines over the last year – like a get-rich-quick scheme, the end of finance, the birth of a truly international currency, like the end of the world, or as a technology that has improved. the world But what is Bitcoin?

In short, you can say that Bitcoin is the first decentralized money system used for online transactions, but it will probably be useful to dig a little deeper.

We all know, in general, what “money” is and what it is used for. The most significant problem that he saw in the use of money before Bitcoin refers to being centralized and controlled by a single entity – the centralized banking system. Bitcoin was invented in 2008/2009 by an unknown creator who goes by the pseudonym “Satoshi Nakamoto” to bring decentralization to money on a global scale. The idea is that currency can be exchanged across international lines without difficulty or fees, checks and balances will be distributed across the globe (rather than just on the records of private corporations or governments), and money will become more democratic and equally accessible to all.

How did Bitcoin start?

The concept of Bitcoin, and of cryptography in general, was started in 2009 by Satoshi, an unknown researcher. The reason for his invention was to solve the problem of centralization in the use of money that was based on banks and computers, a problem that many computer scientists were not happy with. Decentralization has been tried since the late 90s without success, so when Satoshi published a paper in 2008 that provided a solution, it was met in a big way. Today, Bitcoin has become a familiar currency for internet users and has given rise to thousands of ‘altcoins’ (non-Bitcoin cryptocurrencies).

How is Bitcoin made?

Bitcoin is made through a process called mining. Just as paper money is made by printing, and gold is mined from the earth, Bitcoin is created by “mining”. Mining involves solving complex mathematical problems related to blocks using computers and adding them to a public ledger. When it started, a simple CPU (like the one in your home computer) was all that was needed for mining, however, the level of difficulty has increased significantly and now you need specialized hardware, including the Unit of state-of-the-art Graphics Processing Unit (GPU), to mine Bitcoin.

How to invest?

First, you must open an account with a trading platform and create a wallet; you can find some examples by searching on Google for “Bitcoin trading platform” – generally they have names that imply “currency”, or “market”. After joining one of these platforms, click on assets, and then click on crypto to choose your desired currencies. There are many indicators in each platform that are quite important, and you should be sure to observe them before investing.

Simply buy and hold

While mining is the safest and, in some ways, the simplest way to earn Bitcoin, there is too much hard work involved, and the cost of electricity and specialized computer hardware makes it out of reach for most. us To avoid all this, make it easy for yourself, directly enter the amount you want from your bank and click “buy”, then sit back and watch as your investment increases according to the price change. This is called exchange and it is done on many. exchange platforms available today, with the ability to trade between several fiat currencies (USD, AUD, GBP, etc.) and various crypto currencies (Bitcoin, Ethereum, Litecoin, etc.).

Trading Bitcoin

If you are familiar with stocks, bonds, or Forex exchanges, then you will easily understand crypto-trading. There are Bitcoin brokers such as e-social trading, FXTM markets.com, and many others that you can choose from. The platforms provide you with Bitcoin-fiat or fiat-Bitcoin currency pairs, for example BTC-USD means exchanging Bitcoins for US Dollars. Keep your eyes on the price changes to find the perfect pair according to the price changes; platforms provide price among other indicators to give proper trading advice.

Bitcoin as Shares

There are also organizations that allow you to buy shares in companies that invest in Bitcoin – these companies trade back and forth, and you just invest in them, and wait for your monthly benefits. These companies simply collect digital money from various investors and invest in their name.

Why should you invest in Bitcoin?

As you can see, investing in Bitcoin requires you to have some basic knowledge of the currency, as explained above. As with all investments, it involves risk! The question of whether to invest or not depends entirely on the individual. In any case, if I had to give advice, I would advise in favor of investing in Bitcoin with the reason that, Bitcoin continues to grow – even if there has been a period of significant boom and bust, it is very likely that Cryptocurrencies in general continue to continue. increase in value over the next 10 years. Bitcoin is the largest, and best known, of all current cryptocurrencies, so it’s a good place to start, and the safest bet, currently. Although it is volatile in the short term, I suspect you will find that trading Bitcoin is more profitable than most other businesses.

Is cryptocurrency of particular interest to you? Do you want to know more about the tools that allow you to get the best deals? So, you better clap your eyes on cryptocurrency trading bots. Sounds curious, doesn’t it? In the era when bots seem to find application almost everywhere, it is no surprise that they have also been implemented in cryptocurrency trading. Find out more about these bots and clarify the key aspects.

Cryptocurrency (or crypto) trading bots are computer programs that allow you to buy and sell cryptocurrencies at the right time. They aim to bring a profit to their users and ensure that they will be an advantage in the long run. Bots carefully observe market conditions and execute trades based on pre-defined algorithms. It should also be emphasized that you are free to set your own parameters, which contribute to carrying out different trades. This type of software is able to respond almost a thousand times faster than a human – so its operational efficiency is beyond question.

Crypto trading bots can be divided into several types. Among them you can find trending bots, arbitrage bots and scalping bots. However, according to bitcoin.com, the most popular are arbitrage bots.

Trend bots are useful if you focus mainly on trends once you are in the process of building your strategies. These bots are able to follow trends and decide when it is profitable to buy and/or sell something.

Scalping programs facilitate their users to do more effectively in the side markets. This means that “scalpers” (as these users are often referred to) manage to buy something at a low price and resell it at a higher price.

As for arbitrage bots, they are intended to earn profits by examining prices in several exchanges and taking advantage of price discrepancies, as a result.

Once or if you have decided to try to apply cryptocurrency trading bots in practice, then you should think about who will be able to meet your business needs. Keep in mind that all bots have different requirements in terms of software and hardware. Consider all aspects before making up your mind.

After all the formalities have been resolved, you can proceed to the installation procedure. In fact, you can get a trading bot using any of the 3 options below:

• Get it for free via an open-source platform;

• Get a paid version of a licensed bot;

• Create a trading bot (provided you have enough technical knowledge and skills).

After dealing with all the details above, you probably formed an opinion about crypto trading bots. However, we regain all the advantages they have over humans.

• Speed: there is no doubt that bots operate a hundred times faster than humans

• Stamina: bots can operate 24/7 without breaks

• Capacity: bots are capable of processing gigabytes of data per second

• 100% objectivity: bots are not prone to emotions of any kind. They simply do what is needed.

However, many experts argue that some cases require subjective thinking and in this way, humans can overcome heartless bots. But these are individual cases and given that bots offer so many tremendous opportunities, you are bound to be better off once you give it your priority.

As you can see, cryptocurrency trading bots prove to be really useful and multifunctional, allowing you to generate a lot of profits. Just keep in mind that in order to give a complete game, it is highly recommended to scrutinize the specifics of the bots. And then you have every chance to stay to benefit from this ingenious technology.

With all the media abuzz with news of cryptocurrency prices, you may wonder how it affects a common man. At the heart of cryptocurrency and other digital currencies is Blockchain technology.

There are many industrial and administrative problems that technology can solve for the common man. Do you have a small business, but often feel that transparency is lacking due to traditional communication methods? Have you ever ended up with higher than usual medical bills? As a business owner, is finding legitimate candidates a hassle for you? These problems affect entrepreneurs, startups, small businesses, individuals and Blockchain technology seeks to provide solutions to make the life of a common man much simpler through simplified solutions.

Bank

Banking in almost every country is still very much focused on paper-intensive transactions for any money transfer, filing or other back-end functions. Blockchain technology can replicate this in a digital format and create a decentralized ledger that allows not only bankers, but also customers to access a single source of information. This system allows banks to eliminate the chances of fraud as documentation and proof of asset ownership can be digitally verified by bankers in the Blockchain ledger that can be accessed at any time in an unalterable format.

Identity theft is also a major problem in the banking sector, with citizens’ information being stolen and used to open fraudulent accounts for illegal activities. According to the Federal Trade Commission’s online complaint database, there have been more than 13 million claims filed for card fraud and identity theft with 3 million of these claims filed in 2016 alone. Through a system of blockchain, customers can directly see all the accounts owned under their name and immediately notify their respective banks in case they discover any suspicious activity in their banking data. Some of the known examples include the Hyperledger Fabric project backed by IBM and the Utility Settlement Coin by UBS.

Health care

Blockchain technology can simplify healthcare in incredible ways and make medical data management much simpler. Making patient records widely accessible can make drug development research much more convenient, and also reduce the implications of counterfeit drugs. Clinical trials and their results can be made available in a decentralized network, which allows health specialists and researchers to conduct research and find solutions for better health care. Accenture is one of the largest companies that have started offering innovative healthcare solutions for the healthcare sector for secure and fraud-free transactions.

Medicare fraud can also be brought down through blockchain billing management, as the billing system can be fully automated without any targeting of middlemen who commit fraudulent activities. With more than 56 million people under Medicare as of 2017, more than $1.3 billion was ripped off by the government through fraudulent activity from rehabilitation facilities and home health care services. Blockchain systems can effectively safeguard citizens seeking medical care from healthcare providers who overcharge for services offered through fraudulent billing practices. Centralized data not only helps medical professionals offer treatment based on the history of the patient and their family, but also eliminates the chances of a patient incorrectly remembering past symptoms or disorders.

Public records

One of the most important functions of the civic administration of a government is to record all the information about its citizens. This includes information about individuals and companies regarding their assets and activities. Most of the recorded information is recorded in paper databases, making data management extremely difficult even in developed countries.

Blockchain-based systems like Ubitiquity can encode all public records into a digital ledger to keep data about citizens from being altered by fraudulent activity. Identity theft is a problem that can be very difficult to deal with for the administration and the digitization of all public information to make proof of manipulation can help prevent such cases of criminal activity.

Vote

One of the biggest limitations of the voting system in almost all countries is that even today, voters have to be physically present in the voting booths to cast their votes and that can make things difficult for people who need it. to travel on voting days. More importantly, there are no means of verifying the results of the survey for the average citizen.

Blockchain development companies like Followmyvote are coming up with solutions that seek to make online voting a reality. It will allow citizens to see accurate information about the ranking and poll results and various other statistics publicly. It also leads to a safer vote for citizens of countries in internal or external conflict and criminal activities to coerce citizens to vote for specific candidates can be completely avoided.

Assignment of business

Companies of all sizes have a hard time finding the right staff. Through blockchain technology, it is possible for companies to verify the credentials of all applicants through a digital database. Blockchain technology can be applied to create a decentralized database of professionals with verified qualifications in a secure ledger that companies can refer to when hiring candidates. Learning Machine is a New York-based company that seeks to address this problem by focusing on recording verifiable information about workers.

Tax or employment fraud accounted for 34% of all identity theft as of 2016, and a blockchain system makes the hiring process for any business much safer, as a company would only have access to valid candidates , reducing the risk of hiring fraudulent employees. . It also helps candidates by speeding up the hiring process and helping them find jobs they are eligible for and have a hassle-free application process.

The use of blockchain technologies helps individuals and businesses, as well as protect personal information while making important data publicly visible. While the blockchain has the best application in cryptocurrency, its use can spread to other sectors as well to provide meaningful solutions to the citizens of the world.

The cryptocurrency market grew in 2017-2018; the total capitalization of the cryptocurrency market reached $700 Billion USD last year. With the huge market potential offered by cryptocurrencies, digital currency trading is flourishing and several crypto-exchanges have been launched in the span of a year and even more are under development. Crypto-exchanges are platforms where traders can exchange cryptocurrencies for other cryptocurrencies or fiat money.

Panaesha Capital Exchange (PCEX) is a cryptocurrency trading platform due to launch in Quarter 3 of 2018. PCEX is safe, fast, provides high liquidity and employs a broker channel for extra security. The platform is a unique business solution; offers both cryptocurrency to cryptocurrency exchange and cryptocurrency to fiat currency exchange.

The advantages of the PCEX

Multifunctional exchange platform

Many crypto-exchanges, even prominent platforms, only support crypto-to-crypto trades, forcing traders to do their business on multiple exchanges. Crypto-traders first buy cryptocurrencies for fiat money on a particular platform and then distribute the currencies on several trading platforms to ensure liquidity and profit. To convert digital currencies to fiat, traders have the choice of only a handful of platforms. PCEX is a complete solution that offers high liquidity; crypto-traders can do all their trades on a single platform and will also be assured of significant returns.

High liquidity

To promote the liquidity of digital assets on PCEX, the platform embodies all the key attributes for a fast exchange;

An easy user interface to simplify the transaction process. PCEX is built similar to the format of the National Stock Exchange for familiarity.

Low transaction fees (PCEX insists on very few fees for trading on the platform).

A sophisticated buying-selling procedure through a superior matching engine. Trade orders will be filled quickly on the platform.

High caliber order correspondence

Users on PCEX are offered the limit trading procedure to be able to buy or sell assets at a set price; the corresponding engine will try to enhance the sale by combining the user’s trade with a better price in a limited time. The time limit will be set by the traders after which the trade order will be removed from the platform. PCEX has the ability to match orders quickly through a superior order engine.

Affordable rates

To trade on PCEX, crypto-traders incur only two fees: transaction fees and withdrawal fees. The transaction fee on PCEX is much lower than the fees on other platforms that offer similar services. A significant portion of transaction fees go to PCEX’s brokers and sub-brokers; the platform will receive a smaller portion of the cut.

Broker and Sub-Broker Channels

Brokers and sub-brokers for crypto-trade is a unique feature of the PCEX trading platform. Traders on crypto exchange platforms usually face poor customer support and slow reaction time. PCEX remedies this drawback by employing a fleet of brokers and sub-brokers to personally assist traders in each trade. A single point of contact will be assigned to traders at PCEX who can be contacted at any time for assistance. No dark period of unresponsiveness will ever be associated with PCEX.

Through the broker channel and exceptional services, PCEX aims to build long-term relationships with users. The broker channel also adds a layer of security to the platform.

High Security

Incidentally, PCEX has several layers of security. The platform has a Clark-Wilson security architecture model to ensure data integrity. The security system will verify the acceptance of information on PCEX so that data breaches can be prevented all together. Secure operations on the platform require auditors to cooperate; devices and identity are in place to protect the website. PCEX provides crypto-traders a level of security that is impenetrable and keeps the identity of traders and digital assets safe from hackers and accidental losses.

All users, brokers and sub-brokers in PCEX must complete a KYC / AML protocol; PCEX prepares in advance for any regulation that may occur in the future. Traders can also be assured of legal behavior on the platform.

Conclusions

Cryptocurrency trading is a volatile atmosphere with prices peaking and dipping almost daily. Price volatility depends on country or state regulations, security, acceptance of the digital currency seller, big players, etc. Cryptocurrency trading provides a much higher return on investment than the traditional stock market; early cryptocurrency investors made millions in profits in 2017-2018.

To support the growing demand for digital currencies and digital currency trading platforms, PCEX adopts an advanced framework with full service tools. Everything a crypto-trader needs to trade smoothly and effortlessly is available on PCEX. In fact, PCEX goes the extra mile.

Explore the new and exceptional crypto-exchange on http://www.pcex.io.