Greta Thunberg, the new ECO strategy and AQUIX coin, what is in common?

Everyone has heard about the greenhouse effect. Some of them know that it is generally caused by the emission of CO2 (carbon dioxide) which the human activity leads to. And few people have noticed a news report made the NASA research laboratory, according to which the level of carbon dioxide in the Earth atmosphere has exceeded the mark of 400 PPM (PPM – a unit of concentration, a millionth share).  But only the scientists have been worried by this news. It is great that a simple Swedish schoolgirl Greta Thunberg was able to speak at the UN, drawing the world attention to CO2 emission by industry.

While most people wonder why winters are warm, and there are droughts and catastrophic fires in summer, destroying the hectares of Siberian forests, day by day AQUIX uses all its resources to reduce the amount of the emitted carbon dioxide and prolong life on our planet. The main idea of the company is to ensure the reproduction of physically and mentally healthy people from generation to generation, which will not be indifferent to the environmental problems, such people like Greta, taking the responsibility for the future generations, ready to help in saving and developing biocenoses in that regions where the reorganization of live infrastructure and people economic activities is needed.

 

In order to achieve the target of the company, AQUIX has created a great team working in the research center. Working since 2004, AQUIX scientists have worked out a revolutionary technology “IZON-flow”. It has taken more than $ 3,000,000 and 15 years of work to study and make calculation of this effect. This patented technology is used in all the company projects, bringing it forward among the other eco-projects. The company is based on the principle of transparency, so that the intellectual property documentation is available for the public and anyone can get acquainted with it. More than that, the results of the tests conducted by the company are also open for review.

Besides the production of household devices, at the moment AQUIX is working on the two projects: one of the inertial vacuum air filter and the second – the industrial waste recycling installation. The inertial vacuum air filters have a unique feature. The proposed technology assumes the absence of smoke emissions in any kind of production. Besides, the proposed technology allows to convert the waste gases produced by industry into a market product, providing an additional economic effect of the gas purification process. The industrial waste recycling installations use solid and liquid waste of human life as raw material. Thus, the equipment works on the cheap materials and allows to obtain synthetic hydrocarbons – base synthetic oil, diesel fuel – which are in high demand now, as well as they will be in the future.

AQUIX will invest its profit not only in further research, but also in paying dividends to people who believe in the success of the company. The system of income division in the company is absolutely different from those of the similar projects:

  1. The investor receives the official contract with LLC “AQUIX”.
  2. The investor automatically gets into the company owners list.
  3. The investor has shares of the company intellectual property.
  4. The company work is built on the blockchain system.

The use of the blockchain system will make the payment system open to anyone. At the moment, the blockchain system is being prepared. It will allow to replace the company shares with its own cryptocurrency, but the difference from the other cryptocurrencies is that AQUIX provides security for its token, ensuring payments by the established production, research center and intellectual property patents. Every year the price of such currency will grow and this growth will be based on the company finance. It should be mentioned that the company can receive a significant part of its income by granting the patent rights to other organizations, allowing them to receive money regardless of any market development scenario. The compliance with the AQUIX patent rights is monitored by the company legal department, which protects the interests of the company co-owners and prevents the illegal use of the company patents.

Due to the transparency of the project, as well as the real payments to the investors, AQUIX significantly stands out among the traditionally dishonest participants of this sphere. Such companies should be set as an example to all the Russian charity organizations with their usual scandals because of the embezzlement of funds or money laundering with casinos. Let’s follow the development of this promising eco-platform.

The official company site: https://aquix.ru/en/

Our Telegram: https://t.me/AQUIXnews

Please follow and like us:

TRON Embarks On a Journey To Build The Most Ambitious Cross-Chain Platform

Introduction to TRON

TRON has over time, spectacularly outperformed and even overtaken other older and bigger projects in the cryptocurrency industry. It is among the projects said to have the brightest futures for their communities and the cryptocurrency space at large.

The platform executes on a third-generation blockchain that’s purpose is to empower the decentralization of the web. Otherwise said, TRON focuses on utilizing its cutting-edge technology in collaboration with other emerging systems to ensure the creation of a global market that encompasses entertainment, content, and media. The key highlight is to develop a revolutionary 100% decentralized network.

Justin Sun introduces the latest features from TRON on September, 24th

The Rise of On-Chain Technology

Blockchain is arguably the most ingenious technology discoveries of the 21st century. Many have referred to it as the new age of the internet as well as the 21st-century unicorn. Besides, its basic function of storing and distributing immutable digital information, Blockchain has developed to new horizons including interoperability and scalability.

Cross-chain technology is the most recent advancement made to expand the capabilities of this breathtaking development (the blockchain). On the other hand, decentralization according to Mina Down “refers to a structure where one or a small number of entities control an entire network.”

While blockchain promises to solve most of the challenges faced by businesses and organizations over the internet, it is also grappling with certain challenges. The most prominent one being “interoperability.” In other words, the current blockchains fail in communication with each other which limits data sharing. The other significant challenge is scalability where blockchains are limited in the number of transactions per second supported.

Both scalability and interoperability integration face almost similar challenges, but a solution has been developed to address the limited transactions and interaction between different blockchains. This technology is referred to as “cross-chain.” Interoperability is achieved by enabling different blockchains to interact with each other and work as a single unit chain. In terms of enhancing scalability, cross-chain technology can put together the throughputs of the connected blockchains.

Existing Cross-Chain Platforms

The most significant platform working on achieving blockchain interoperability is EVEN. Its website describes it as the “the future of web 3.0” and “cross-chain development platform.” EVEN already supports transactions in different cryptos as well as executes smart contracts on other platforms. The main purpose of EVEN is to integrate external blockchains on a single platform.

Other platforms working towards cross-chain adoption are NEO and Ontology who entered into a partnership earlier this year, Komodo platform, and Polkadot.

TRON: A New Player in Cross-Chain Technology Platforms

Among a series of upgrades and new platforms, TRON has purposed to work on in 2019 and 2020 is blockchain interoperability and cross-chain communication. In a livestream conducted by TRON founder and CEO Justin Sun on September 24, the platform is going full-swing in the push to have several chains interact, work and co-exist with each other.

In the same way, TRON developed an alternative to existing decentralized applications (Dapp) platforms with the grand launch of the TRON Virtual Machine (TVM), the network is committed to developing its cross-chain allowing numerous parachains to be connected. In the livestream, Sun announced the transformation of the TRON Network in the upcoming version 3.6.5 upgrade to improve staking, the launch of the SUN Network, release of One-Click blockchain deployment project and the launch of Version 4.0 of the long-awaited TRON Anonymous Token Project.

Why Tron Could Be the Biggest Contender in The Successful Launch of a Cross-Chain Platform

TRON is currently the 14th largest cryptocurrency in world boasting of a market capitalization of $887 million. The platform also remarkably completed the shift from Ethereum blockchain to its protocol referred to as TRON Chain in 2018. The migration encompassed changing the ERC-20 tokens to TRX tokens executing on TRON blockchain and later the burning of the ERC-20 TRX tokens.

In addition to that, TRON has within a short period become a competitor to reckon as a Dapp building platform. More than once TRON blockchain transactions have topped in the market giving platforms like Ethereum, NEO and EOS a run for their money. The success has been brought forth by the launch of TVM and other supporting platforms such as BitTorrent.

Looking at what TRON has been able to achieve in less than two years, the development of the cross-chain platform is not a dream anymore. The development team is supported by vast resources and an active community. All the three working together will mark the beginning of a revolutionary cross-chain technology platform; a true pathway to the decentralized web.

 

 

 

 

 

 

 

Please follow and like us:

Relief for Cryptocurrency Users as Euro Nations Smile Kindly on Crypto Tax

A longstanding bugbear for vast swathes of the cryptosphere, taxation is getting easier. The emergence of powerful tools for simplifying cryptocurrency taxes has helped brighten the mood of bitcoiners everywhere. Crypto heads in a handful of Euro nations have added cause for jubilation, however, in the wake of clarification from national tax agencies on the treatment of digital assets.

The tax bodies in Portugal and France have both recently issued statements on the status of cryptocurrencies, and it’s good news for residents of the Mediterranean countries. The Portugal Tax Authority garnered headlines in August when it confirmed that crypto payments and trading are tax-free. Confirmation of the tax-exempt status of Portuguese crypto citizens – but not businesses – was welcomed, arriving at a time when other European agencies have been making less favorable noises about bitcoin and its sister currencies.

Where Portugal Leads, France Follows

In Europe, countries determine their own tax status, but other matters are devolved to the European Union. The EU’s decrees on compliance and anti-money laundering directly intersect with digital assets, despite protests from their proponents that bitcoin sees far less usage in criminal circles than fiat currency. Whatever the case, there appears to be a growing consensus in Europe that crypto assets are here to stay. As such, it makes sense from a fiscal perspective for governments to acknowledge them and to tax them like any other asset class.

There is another, bolder approach that forward-thinking and tech-friendly governments can take: to not merely regulate and tax digital assets, but to adopt a light touch that will drive blockchain business to the country, rather than sending them scampering overseas. France has taken a sensible stance here, concluding that crypto-crypto trades will not be taxable, meaning investors will only be liable for tax when cashing out to fiat.

This contrasts with the US, where crypto traders are prone to bemoaning the complexity and costliness of having to pay tax on every winning trade – not to mention every cup of coffee bought with bitcoin.

Reducing the Tax Burden While Saving Time

Bitcoiners not fortunate enough to live in a tax-lite country have no getting around the obligation to calculate tax every time they use crypto. Thankfully, determining those obligations no longer requires a 20-tab Excel spreadsheet, eight cups of coffee and saintly patience. The quality of online guides and tools for cryptocurrency taxes has improved dramatically in the last few years, with “Crypto Tax as a Service” software now automating the process from end to end.

Short of relocating to France or Portugal, there’s no way to avoid paying Caesar’s things to Caesar, even when dealing in satoshis. Some things in life are unavoidable, tax being one of them, but that doesn’t mean the process has to be a chore. Perhaps one day, when the rest of the developed world has given in and joined the crypto revolution, taxes will be automatically deducted by smart contract, preventing the need to file anything whatsoever. Whether that’s your idea of administrative heaven or Panopticon hell depends largely on the characteristics that drew you to crypto in the first place. Whatever the case, until that utopia/dystopia arrives, crypto users are just going to have to file their taxes the old-fashioned way along with everyone else.

Please follow and like us:

Bitcoinmix Adds Ethereum Mixing Service

The popular Bitcoin mixing service, Bitcoinmix.org has added an Ethereum mixing service to its growing services. The service which has been in operation since 2015 is known for its consistency.

Bitcoin mixing has become an integral part of the cryptocurrency industry considering that Bitcoin, which is the premier coin has dominated the market and don’t seem to show signs of letting up in the near future.

The essence of mixing the digital currency is to make sure that the identity of the owner of the coin is anonymous, a feature which early Bitcoin users thought that the cryptocurrency has. If you have come across blockchain analysis, you would know that it is a rapidly growing technology which aims to make sure that the open ledger blockchain on which coins like Bitcoin were built on does not conceal the identities of the users.

This means that the transactions made on the distributed ledger technology are not private. Also, the identities of the holders of Bitcoin and other coins using the open ledger cannot be concealed. The implication is that any curious analyst with the full copy of the blockchain could see what funds are owned by anyone.

It is also possible to know who is sending a specific amount of bitcoin to another person. With the insistence of most exchanges that the users undergo complete know-your-customer procedures, the identities of the holders of these coins are easy to know in case of hacks or database leaks.

There are several terms with which this process of making the user anonymous is know but they all mean to accomplish the same objective: making the user of the cryptocurrency anonymous. Whether mixing, blending or tumbling, they imply the same thing and essentially enables private transactions on the blockchain.

Bitcoinmix.org has been one of the companies at the forefront of anonymizing Bitcoin use. Interestingly, the company recently announced that it is extending the service to the users of Ethereum.  

With this development, users of the Ethereum network can now dissociate their transactions from their wallets making it impossible for spies on the network to track their transaction history.

The need for anonymity in the use of cryptocurrencies could be seen with the increasing affinity a segment of the industry have for privacy coins such as Monero, Zcash and Dash. 

Please follow and like us:

Bitcoin as Free Speech: The Overlooked Reason Why the USA Would Struggle to Ban Bitcoin

Caption: Hey, you Bitcoin, are you protected under the Constitution?

As the price of Bitcoin continues to rise, those who are not too bullish about the long-term future of cryptocurrency will continue to doubt the obstacles that lay ahead. In fairness, they have a good mind, too. Still, there may be one overlooked reason why the USA would struggle to ban Bitcoin entirely: A Bitcoin ban may go against the First Amendment protection of free speech.

The Situation 

Bitcoin exists as a decentralized network. Aside from the philosophical implications, decentralization makes it technically difficult for anyone to shut down the Bitcoin network entirely. The same would go for well-established altcoins operating in a decentralized way. To attempt to do so would resemble a game of never-ending Whack-A-Mole.

Despite this, the jury is still out on whether governments could somehow ban Bitcoin, if not the network, then at least its use. So far, some countries have allowed Bitcoin to continue its course while others, such as China and Russia, have made a concerted effort to make any transactions illegitimate.

In any case, cryptocurrency has proved to be quite different from other industries that have faced scrutiny. Case in point: Sports betting was illegal in the USA outside of Nevada until a recent Supreme Court hearing overturned the federal ban, allowing individual states to regulate sports betting and for upcoming licensed online sites like FOX Bet to enter the market.

Bitcoin, on the other hand, presents a legal gray area. Regulatory bodies, taxes and enforcement agencies haven’t found a universal way of dealing with cryptocurrencies, and as of yet, countries like the USA have not made any move to make a full ban.

Bitcoin as Free Speech 

Photo by Newtown Graffiti / CC BY 2.0
Caption: Bitcoin is code, code is speech, and speech falls under the First Amendment. Go figure.

Although skeptics may believe that that Bitcoin will eventually be shut down, there may be a solid constitutional reason why this can’t happen, at least in the USA. That is, according to Abra Founder and CEO Bill Barhydt, who recently spoke on a panel during the Bitcoin 2019 Conference in San Francisco.

Barhydt makes an interesting point in his speech, as reported on Forbes, that Bitcoin falls under free speech. The concept is quite simple, even if you are not familiar with the technicalities of the cryptocurrency world.

Bitcoin is code, and code is a language. Language is a type of speech, and speech falls under the First Amendment. As Barhydt says, you can’t stop someone from moving ones and zeros around in the same way that you can’t stop them from opening their mouth and closing it again. He believes that there needs to be more talk around access to this technology as a basic human right.

Case Already Solved 

It’s not only theory. In a way, the so-called Crypto Wars of the 1990s already solved the case.

In 1991, Phil Zimmermann faced charges for writing the encryption software Pretty Good Privacy aka PGP. The source code for PGP was then printed in a book and sold abroad, a demonstration that the code fell under free speech protection. A similar outcome occurred in 1995 when Berkeley mathematician Daniel Bernstein sued the U.S. government for blocking the publication of his encryption software.

These cases have set a precedent for future crypto debates in the USA, making it quite difficult for the federal government to ban Bitcoin. Countries like China and Russia have had more success smiting the technology, mostly by banning transactions, exchanges and payment processing. In the USA, however, the moving around of ones and zeros may well be a First Amendment right.

Edge of the Network 

Barhydt does think that certain aspects of the cryptocurrency economy are still vulnerable to government overreach. The government could still target on-ramps and off-ramps where they can exert more control, such as exchanges and stable coins. He also thinks that coins like Facebook’s Libra could damage the Bitcoin ecosystem, as they are not decentralized and are “more than just ones and zeros.” 

 

Bitcoin as free speech. It’s an interesting debate and one that Barhydt thinks we need to have. What do you think?

Please follow and like us:

TNC Group’s Official Event Launch Unveiled Buyaladdin Shopping Mall

TNC IT Solutions Group (TNC) is a global blockchain development firm based in Dubai, UAE. With the vision of uniting the cryptocurrency world, TNC has formally introduced the company’s major objectives, business strategies, and synergized ecosystem during the official event launch yesterday, July 16, at the Rockefeller Center in New York.

The opening keynote for the event was delivered by the Free Republic of Liberland’s Global Honorary Ambassador-at-Large Steven Melnik. He spoke about Liberland’s vision of becoming a crypto-and-blockchain powered society that runs within a decentralized government, collects voluntary taxes, and promotes personal and economic freedom to its citizens. In line with TNC’s goal, Liberland will benefit from TNC’s services on blockchain consulting, and will receive comprehensive assistance in integrating blockchain technology and finding global standard developers suitable for the micronation’s development.

Among the highlights of the event was the presentation done by TNC’s CEO Bruce Jeong. According to Bruce, TNC was established in October 2018. It currently has global branches around different parts of the world including the UK, Singapore, South Korea, Japan, Hong Kong, Russia, and India, among others. With its four main objectives being Token Development, Blockchain Solutions, Blockchain Academy, and Mergers & Acquisitions (M&A), TNC has built business strategies in collaboration with many industry experts and corporate leaders.

Currently, TNC is in the process of appraisals and evaluation. With substantial resources, they have evaluated more than 1,700 companies listed on CoinMarketCap. After careful consideration, TNC will select 500 companies with the most potential to succeed within the crypto industry. Moreover, the TNC token that will be developed soon would be integrated as one of the payment methods on the Buyaladdin shopping mall platform. Having said that, Buyaladdin is on its way to gathering 100 million Aladdin Wallet app users through TNC’s M&A project.

A significant part of the TNC event launch was Buyaladdin’s public announcement and live demonstration. Buyaladdin aims to be a leading online shopping platform that provides an extraordinary e-shopping experience through cryptocurrencies. Resolving the issue of online transactions and high transaction fees, shoppers can conveniently shop online using crypto through Buyaladdin.

The Buyaladdin app will go live in October, and shopping enthusiasts, as well as crypto users can begin online shopping within major e-retailers integrated within the app. This global marketplace will include Amazon, eBay, Walmart, Rakuten, Lazada, and many more which will be added in the near future.

Alongside this business venture, TNC has also invested $5,000,000 to a newly-released digital wallet application — Aladdin Wallet. The funds will contribute to further developments within the app, ensuring fast and secure crypto transactions made possible through its built-in chat messaging function, and protection from security threats. Aladdin Wallet users will have the privilege to use the beta-version of the Buyaladdin app in September.

Reaching out to expert consultants from different sectors around the world, TNC will certainly pave its way to success in no time. Respected individuals like Bruce Porter, Hideo Ito, Clara Florey, Arben Kane, and Misha Hanin are among the mentioned trusted advisors who believe in TNC’s vision.

Indeed, with TNC’s event successfully launched in New York, more updates are expected to be heard about this company. Having ambitious projects and goals in mind, TNC will make a huge difference in the tech innovation industry — and everyone should be ready for it.

Please follow and like us:

Fantom Foundation partnership with The Private Office of Sheikh Saeed bin Ahmed Al Maktoum and SEED Group.

Media Release: Fantom Foundation Partnership Announcement:

Fantom Foundation partnership with The Private Office of Sheikh Saeed bin Ahmed Al Maktoum and SEED Group.

Fantom Foundation is pleased to announce their partnership with The Private Office of Sheikh Saeed bin Ahmed Al Maktoum. This partnership will see Fantom Foundation establish an operational presence in Dubai.

Dubai has committed to becoming a world-leader in blockchain adoption as part of Smart Dubai initiative. Dubai aims to be the “first city fully powered by blockchain by 2021.” The Smart Dubai initiative was founded following the vision of Sheikh Mohammad bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai to collaborate with the private and government sectors to empower and deliver efficient and happier city. Its goal is to achieve efficiency by using blockchain in 100% of applicable government services; creating and enabling blockchain ecosystem for startups and businesses and to become a global thought leader.

Hisham Al Gurg, CEO of Seed Group and The Private Office of Sheikh Saeed bin Ahmed Al Maktoum, formalised the partnership with Fantom Foundation at a signing ceremony in their Dubai head office with Fantom Foundation represented by Ashton Hettiarachi and David Freuden.

Photo # 1:  Left to Right: Patrick Osman, Director – International Ventures, The Private Office, Hisham Al Gurg, CEO, The Private Office, Ashton Hettiarachi, Head of Innovation Lab, Fantom Foundation, David Freuden, Partner, Fantom Foundation

This partnership is the result of Fantom’s successful trip to Dubai in April and subsequent discussions by the Sydney-based Fantom Innovation Lab, led by Ashton Hettiarachi and David Freuden, along with Technical Advisor Andre Cronje. They participated in the Austrade Blockchain Trade Mission 2019 and were welcomed to Dubai by the Australian Ambassador to the UAE and hosted by Smart Dubai, Dubai Blockchain Center, and the Dubai Future Foundation.

This commercial partnership will allow Fantom Foundation to operate under The Private Office of Sheikh Ahmed bin Saeed Al Maktoum corporate umbrella to engage with Dubai and UAE government and the private sector offering Fantom technology and services across multiple public and private sectors.

“We are super excited to partner up with The Private Office of Sheikh Ahmed bin Saeed Al Maktoum to bring innovation and build solutions for Dubai to create new economic opportunities and deliver better user experience for UAE citizens.”   Ashton Hettiarachi, Head of Innovation Lab, Fantom Foundation.

“This day marks the beginning of a new partnership that lays the groundwork for integrating Fantom Foundation’s platform into the vision of Dubai to become a blockchain city. Given their extensive experience in information sharing technology and their lengthy track record of assisting customers, associates and businesses attain their long-term objectives and even higher success, we look forward to seeing how this will significantly benefit the Smart Dubai initiative strategy,” said Hisham Al Gurg, CEO, SEED Group and The Private Office of Sheikh Saeed bin Ahmed Al Maktoum.

Photo # 2:  Left to Right: David Freuden, Partner, Fantom Foundation; Ashton Hettiarachi, Head of Innovation Lab, Fantom Foundation: Hisham Al Gurg, CEO, The Private Office; Patrick Osman, Director – International Ventures, The Private Office 

About Fantom Foundation (FTM)

Fantom is a DAG blockchain with a modulated tech stack solution with aBFT consensus enabling fast, immutable and secure consensus. This makes Fantom Protocol ideal for highly complex applications requiring high throughput such as data sharing,  Machine-to-Machine transactions and smart cities, such as public utilities, government services, traffic management, telecommunications, healthcare, education, resource management and environmental management.

About SEED Group and The Private Office of Sheikh Ahmed bin Saeed Al Maktoum

Over the past 16 years, SEED Group has formed strategic alliances with leading global companies representing diverse regions and industries. These companies have propelled their business interests and goals in the Middle East and North Africa region through the support and strong base of regional connections of the SEED Group. The Group’s goal is to create mutually beneficial partnerships with multinational organizations and to accelerate their sustainable market entry and presence within the MENA region. SEED Group has been a key point in the success of all its partners in the region helping them reach their target customers and accelerate their businesses. The Private Office was established by Sheikh Saeed Bin Ahmed Al Maktoum to directly invest in or assist potential business opportunities in the region, which meet The Private Office’s criteria.

For more information, visit www.seedgroup.com and www.the-private-office.com.

For more information please contact:  

Ashton Hettiarachi at ashton@fantom.foundation

 

Please follow and like us:

Trading Ripple: What You Need to Know

While the world is a big place, technology and trade has made it feel like a small village. Today, it is possible to travel across multiple continents within a day. It’s the same with financial transactions. Every day, hundreds of billions of dollars move across borders. But the movement of these funds has a reputation for its errors and high costs. For years, companies have been attempting to solve this problem, and with the introduction of blockchain technology, this process has accelerated. One of the biggest players in this space is Ripple, which offers a tradable currency known as XRP.

Ripple has created payment software that is used by banks and other large companies. Its flagship product is known as xCurrent, which makes global payments easier and seamless in nature. The product enables financial transfers that are in real time, cost effective, and those that are completed with certainty. The goal of this product was to replace the legacy centralized systems that are ineffective, slow, error prone, and cost effective.

The product works as a global decentralized system of financial players. The players are categorized into two: network users, who are the corporates, SMEs, small banks, and payment providers who send payments. Second, there are the network members, who are the banks and payment providers that service the foundation of the system. These members use xCurrent process payments, pre-validate transactions, and provides payment certainty.

In addition to xCurrent, Ripple has a product known as xRapid, which is used by the network members to source liquidity. This liquidity is provided through an on-demand pool of funds in digital assets. It helps reduce the cost of liquidity by sourcing liquidity on demand. For network users, they can use xVia, which is an API for accessing the Ripple network. With this, they benefit from all the benefits that are in the ripple network. Examples of this are the access to liquidity, real time payments, and rich data attachments.

All this makes Ripple a distinct blockchain company. In fact, Ripple is not a cryptocurrency but a company, and XRP is the digital currency it produced. Each month, about 1 billion XRP are released and are available to Ripple to sell on the market. Therefore, as a blockchain company, if Ripple the company went away, XRP would continue because of the interledger protocol that is the basis of XRP.

XRP has risen to become a leading cryptocurrency. At the time of writing, XRP is valued at more than $16 billion. This makes it a much bigger platform in terms of overall value than the likes of Deutsche Bank, which is valued at $14 billion and Dropbox, which is valued at more than $9 billion. Ripple has achieved this by positioning itself as a disruptor in the international money transfer industry. It has also positioned itself so as not to compete with the likes of Bitcoin and Ethereum. Further, it has succeeded by partnering with large organizations like MoneyGram and Western Union.

Broadly, there are two main ways you can make money from XRP. First, you can buy and hold. This is a process where you use an exchange to buy the XRP coins, store them in a wallet, and wait for them to increase in value. Those people who invested in XRP two years ago have seen their returns increase by more than 50%. At the peak, they had gained by more than 600%.

The next option is trading the XRP. This is a process where you use an exchange or a forex broker like easyMarkets to buy and sell XRP. By trading, you can make money when you expect the price to move up by buying. With a CFD (contract for difference), you can also sell – also known as “short” – when you expect the price to move lower. The benefit of trading XRP is that you can take advantage of little movements in the market.

Please follow and like us:

Tolar HashNET mainnet officially launched

4.0 blockchain revolution begins 

On June 30, Tolar HashNET, an open-source, highly-rated, 4th generation blockchain, has officially launched its mainnet. This breakthrough tech features scalable, fast, secure, and fair transactions.  It employs Distributed Ledger Technology (DLT) and consensus algorithm which keep all positive characteristics of a blockchain technology while increasing throughput to more than 200,000 transactions per second. 

Tolar HashNET mainnet is now one of the leading in the world, as the closest competitor with similar features have been demonstrating not more than 10,000 transactions per second.  The HashNET network is using Proof-of-Stake with masternodes thus, eliminating the need for a massive energy consumption and huge environmental cost, which has proved to be a significant problem of blockchain technology.

Tolar has made its testnet available to public on April 23, during an event that hosted high-level representatives from European Commission, European Parliament, Government of Slovenia, UNECE/CEFACT and many more. HashNET tech has been recognized as the solution for European and national blockchain infrastructures and for that reason, United Nations Economic Commission for Europe listed Tolar HashNET in its White paper »Blockchain and Trade facilitation« as one of 15 global blockchain projects, utilizing Blockchain Technology for achievement of UN’s Sustainable Development Goals.

Tolar HashNET aims to become a favourable solution for enterprises and governments by providing an open, fast and extremely fair public ledger built on top of the HashNET technology and to create ecosystem of solutions and partners that will use this unique technology to solve problems with existing systems or provide new functionality that was not available before.

To learn more about the technology and Tolar HashNET achievements, visit their webpage.

Please follow and like us:

3 Ways to Hedge your Cryptocurrency Risk Exposure

Whether you’re a speculator, investor or gambler, it’s crucial that you minimize your risk exposure. While prices of Bitcoin may be on the rise, the volatile market has many investors worried.

What appears to be a savvy investment now, could be worthless in just a matter of days. To reduce your risk exposure, it’s crucial that hedge against cryptocurrency volatility.

Before we get started however, let’s take a look at what hedging means. Hedging is a finance term that describes the various strategies used to minimize risk from a volatile market. As you may have read through Bitcoin news, volatile nature of digital currency means that your holdings may suddenly fall in value.

With the value of your investment falling below its original price, you stand to make massive loss. By hedging, you can reduce or entirely avoid risks associated with a volatile market. To get your started, we’ve put together a list of 3 effective hedging strategies.

  1. Short selling

Investors and speculators live by the ethos of “buying low and selling high” thus earning a profit on the difference. However, short selling is the direct opposite of this and is often used by traders looking to protect themselves from a decline in prices.

Here’s how a typical short-selling transaction looks like

  1. You “borrow” 1 unit of BTC at USD 8,000 from a broker.

ii Anticipating a fall in BTC prices, you sell this Bitcoin at USD 8,000 to an exchange.

iii. Fortunately, prices of BTC fall to USD 6,000 and you purchase 1 BTC to “repay” the broker.

  1. Despite a fall in prices, you’ve managed to make a cool USD 2,000 from the sale of BTC.

As can be seen, short selling allows an investor to protect him/herself from price fluctuations. However, short selling is not without its share of problems. A sudden rise in prices may result in you losing much more than your initial investment.

Not to be forgotten, exchanges and brokers often charge additional fees for such services. Before you start short selling, you need to find the right balance between a hedging or holding position.

  1. Cash out

While short selling can be an effective method of short-term hedging, it doesn’t always work out. In some situations, the simplest solutions may be the best. Cutting your losses and cashing out allows you to walk away with your original investment and some profit.

By cashing out early, you’ll be able to avoid the crash and have something to show for it. However, liquidating your crypto holdings entirely also should be considered to be a last-ditch option. Should the price of cryptocurrencies improve, you’ll end up losing out on a bull market.

Before cashing out, conduct an analysis into existing market conditions to ensure that your decision is an informed one.

  1. Making use of derivatives

Derivatives are financial instruments typically used in traditional stock markets. These instruments are essential for hedging against market volatility. From futures to contracts and forwards, derivatives are valued on the fluctuating prices of their underlying assets.

Simply, this means that the more volatile the price of an associated asset, the more expensive the derivative. For centuries, derivatives have played an important role in the marketplace.

Derivatives may be in their infancy on the crypto market, but several exchanges have already begun adopting them. A futures contract is a derivative which allows you to buy or sell an asset at a fixed price in the future. Hence, should you predict a fall in crypto prices, a futures contract allows you to sell your cryptocurrencies at a predetermined price.

With some skill and foresight, derivatives will allow you to effectively hedge against any price fluctuations. While they may still be in their infancy, derivatives are sure to make their impact felt in the years to come.

Just like sports betting, investing in cryptocurrency can be a risky proposition for the unprepared. However, with some preparation, you should have no issue riding out the storm and betting on a winning horse.

Please follow and like us: