A Beginners Guide to Tron

Basics of TRON:
Justin Sun founded this TRON or Tronix(trx) cryptocurrency in September 2017 whose headquarter is in Singapore. This is one of the most popular cryptocurrencies in the market nowadays as it is different from other cryptocurrencies. Its main motto revolves around entertainment sector.

How is it different:
• There are no middlemen in between the user and the creator.
• Creators could receive their revenue directly from the consumers.
• This not only eliminates middlemen but also reduces the dependence on different sites.

Advantages of TRON:
This coin lets you spread your data without any restrictions. In fact, if a user uploads any of his/her data they will earn their digital assets too. They will receive their profits according to their contribution, as TRON focuses on individual people rather than an organization. The transactions of this currency are easily traced without any obstacles, as it takes place on public records hence, Tron mining is not possible.

You can store TRON coins in Tron wallet. It is supporting wallets on different websites that are available for different operators like chrome, Mac, Windows, iOS, and Android. You can download your own wallet and just remember your password for it and never share it with anyone. As we have talked about the wallet of Tron then we should be knowing the value of it also, as for now it is 0.058 USD till June 2018 but it is sure it will reach 1USD soon because the rate of TRX is increasing in Asian market exponentially, though cryptocurrency can swing in any direction TRX shows a promising future.

What makes it different is its application power, as they keep a track record of the data privacy and keep collecting information about the general population and use it as a key factor in their business models. They have monetized each and every content on the internet so that they can reward them accordingly. Just like Vamos using the blockchain method for the cryptocurrencies, Tron is also doing the same. And they do not take any help of advertisements on social media because these sites can access our personal data. TRX is a safe option for the investors of a long race though cryptocurrencies world is full of swings.

Using Cryptocurrency On Amazon

It is simple for beginners to go to cryptocurrency exchange websites and exchange cash for the desired cryptocurrency. The payment methods used are simple including the most widely used Paypal.

Once your account is set up, you can start buying cryptocurrency on the exchange. Most exchanges are just like stock-trading platforms: you can buy and hold your cryptocurrency, or you can exchange it for another cryptocurrency.

Some of the most extensively reliable websites to trade in cryptocurrency are Coinbase, Coinmama, CEX.io, Bitstamp and many more.

 

How to spend your Cryptocurrency on Amazon?

 

You cannot buy directly from Amazon using your bitcoin cash. So you need a middleman. A middleman here is, for instance, is Purse.io that would introduce you to the thousands of users who would accept bitcoins in exchange for their hard cash. But, they wouldn’t be paying you directly and neither would you. They would buy your product from Amazon and send it to your mentioned address and in exchange will be rewarded with a similar amount of cryptocurrency in their crypto wallets.

Here is another very well known way is to purchase a gift card from Amazon for the desired amount. You need to enter the gift card amount and you will be given a bitcoin price to pay. Now you need to go to Amazon, choose your item and add it to your cart. After you are finished packing your cart, go to checkout and enter your delivery address. When you are redirected to payment methods, choose to pay using Amazon Gift Card. Here you enter the Amazon gift card you purchased earlier using your cryptocurrency. These are some of the profoundly used ways to spend your cryptocurrency on Amazon.

 

Reversing the process?

 

There’s also another side to Purse.io. You could also earn bitcoins by doing what other users are doing for you. It means you could be listed as a “Shopper” and shop from Amazon for other users using your hard cash and receives bitcoins for that.

This is one of the many ways to obtain some cryptocurrency in your wallet.

 

Conclusion

 

Using cryptocurrency at Amazon is not as easy as ordering delicious Spanish Tapas  because of the fluctuating prices of the currency and the user is difficult to cope up with it. But, these were some above-mentioned ways by which you could get yourself to spend your cryptocurrency on Amazon.

 

 

Pension Fund Invests In Cryptocurrency

 

Cryptocurrency has put its legs in every single field and industry. From many years, there are so many funds which are looking forward to the Crypto Industry. Most of the time everything is set but all of them are just afraid to be the first fund to go towards the crypto space.

Two of the American public sector pension funds have recently backed an entirely new fund for cryptocurrency venture capital. The investment in it is very big. The large tranche has a total of $40 Million. All the crypto enthusiasts were waiting for this day to come.

More about the funds

These two funds that are providing the backing for Morgan creek Blockchains are Fairfax County Employees’ pension plan and Fairfax County Police pension plan. They will be directly investing the amount in the companies which are related to the cryptocurrencies or digital assets. Although the investment portion is low, the companies are starting to move towards the crypto industry.

Will more Fund companies go for Crypto?

It has been a long time since many companies were planning to divert some portion of the funds to the crypto. However, everyone was afraid to be the first one. According to Forbes’ article, if some of the funds will for the crypto, there are more chances that most of the other funds will also start going. This is just the start, even the Morgan Creek has invested only a small portion of the total capital it has on the crypto industry. Although, for some of the funds, it will take time soon more funds will go towards it.

There are many doubts and questions when the funds are migrating towards going to crypto industry. As of now, the cryptocurrency prices are increasing and going higher and higher. As for some of them, Crypto has always been doubtful currency, there are many issues. People are afraid whether they are going to have a function room for the 30th birthday of their son or their money are just going to be wasted with no return.

Travel using cryptocurrencies

The success of cryptocurrency and blockchain lies in the wide range of usage of these in many fields. Traveling is one such field that is adopting cryptocurrency. Its main advantage is absolute security because the data is stored in the numerous cells, which are constantly synchronized and checked for accuracy.

Blockchain will benefit both travelers and service providers. This is because blockchain usage doesn’t require any intermediate party to play a bridge between travelers and service providers. Moreover, blockchain allows a much smoother and convenient way to book flight tickets and accommodation.

Already a lot of blockchain technologies have hit the travel and tourism industry and brought many innovative ways to make the trip of its customer safe and sound. For example, if you want to travel to Melbourne which might be a completely alien land to you, then blockchain technologies like Winding Tree Project will allow you to  choose the most suitable flight and accommodation options and book them from the service providers (hotels, air companies, etc.) without paying any commissions to the third parties.

Because of this huge success of cryptocurrency in travel and tourism, a lot of new projects have come up in this sector. The following are some of the top cryptocurrencies in the travel industry.

  1. Aditus:

Aditus is probably the world’s first luxury platform for crypto-affluent. The Aditus token will be used to purchase merchant offers such as those showcased at the event (including travel experiences, rentals, vacations and concierge services) and reward user engagement. The platform will also allow payment in other cryptocurrencies.

  1. Bee Token:

Bee token is a network based on bee protocols which connects the hosts and guests without any commission. It introduced its own cryptocurrency called BEE token and allows the customers to book their accommodation using these tokens.

  1. BitAir:

This is an Ethereum block chain which enables the travelers to book not only their accommodation but also their traveling tickets. They are highly acclaimed for making travel expenses cheaper. It was voted as the most effective payment method by Asia Pacific Travel, one of the most popular online air ticket agencies in Asia.

What is cryptocurrency to a new user

Cryptocurrency in the business sector

Cryptocurrency has been a hot topic in the business world. With the start of this digital currency, investors have taken it as one of the major ways to earn profit. However, cryptocurrency has experienced a huge fluctuation in its rate, lately, whether it’s in bitcoin or other forms. Cryptocurrency has been preferred by the investors due to its decentralized mode of transaction. However, due to some security issues in this mode, there has not been a rapid increase in its use. The cryptocurrency has also been famous in many different fields other than the corporate sector.

Cryptocurrency for personal use

It can also be used for transactions based on personal purpose. For example, you can use cryptocurrency to book the function venue on your birthday. There are many venues which have started this type of currency. In many regions, even the restaurants have started to accept cryptocurrency as one of the modes of transactions. This is because their owners don’t have to worry about the tax. There is no participation of government in the crypto field. This helps the owners to earn a lot more profit than they usually earn.

Features of the Crypto field

There is also blockchain which is the most important part of cryptocurrency. The whole crypto-field is operated in a blockchain. One of the most popular blockchains is Ethereum blockchain. There are also miners who are the basic building block of this sector. With the help of their programming, transactions in cryptocurrency is possible.

Development of Crypto field is increasing rapidly

Earlier, security was a major concern in the crypto-field. However, with more development in this field, users have been found to get attracted overcoming the security barriers. There are many different types of security that have been provided to users. They are able to store their cryptocurrencies in digital wallets. These wallets are based on the crypto-field and provide users with an easy way of transaction. The cryptocurrency field is developing day by day to provide users with a simple yet safe experience.

 

Crypto Tokens

What is a Crypto Token?

Crypto tokens are a part of cryptocurrencies which has been introduced lately. Crypto tokens have several applications. They can be used in trading crypto coins and in many other activities provided by the blockchain. Users can also use crypto tokens for increasing their loyalty points which is a major part in trading of the cryptocurrency. More the loyalty points of the users, higher will be the chances for them to trade their crypto coins with other users.

Crypto Token can be created through some important crypto department

Crypto tokens can be created by any individual with the help of templates and execution of some codes as well. Crypto token is the best alternative to cryptocurrency as payment for business tools. These codes are the building block of the transaction mechanism involved in the blockchain system. Therefore, through coding, management of the transaction is done by the crypto tokens. Crypto tokens are useful in the execution of transactions that are involved in the apps, related to the crypto field. These apps are not involved with the centralized bodies of the country or region in which the app works. Crypto tokens are created and circulated through funds, offered by some important bodies in the crypto department.

Crypto Token provides tons of facilities to its users

Crypto tokens can provide its users with the time in which they can use a certain facility offered by the blockchain. This can either be the license of software or online streaming of a video for a limited amount of time. Many users get confused between cryptocurrencies and crypto tokens as both provide similar facilities to their users. However, users can use the cryptocurrency only after creating a blockchain whereas they can use the crypto tokens on an existing blockchain. Crypto token also requires the verification for the transaction activities just as done in the case of cryptocurrency. Users can buy these tokens easily in a blockchain and can use it in many different ways. The wide variety of facilities provided by the crypto token is the major reason for its fast growth.

Cryptocurrency- Legal or not

 

 

Cryptocurrencies have always been surrounded by controversies, right from the beginning. The main buzz around it, is, whether it is legal or not. However, unfortunately, there is not enough substantial evidence to prove either for or against the controversy.

Cryptocurrency or specifically bitcoin was launched with a motto of “make your money work hard for you.” But the reception it received is mixed. A lot of financial companies and governments accepted cryptocurrencies as a new era of financial industry, a few governments had a hard time accepting them. A few of them remained neutral.

As the legality of cryptocurrency is varied, depending on the perspective of the government of various countries, there is no one particular answer for this question. But it is a must to consider all the perspectives of governments across the globe.

  1. Africa:

The reception of cryptocurrency in Africa was good. In almost all the parts of western and southern Africa, cryptocurrencies were made legal. Every court issued orders that bitcoins can be used for transactions in these countries. But in Northern Africa, they are considered to be illegal and offensive.

  1. America:

Almost every American country is in favor of cryptocurrency. Countries like Canada are having a mixed opinion as banks in Canada are having strict policies against regulating digital currencies. But coming to South American countries, a majority of them banned cryptocurrencies stating them as illegal.

  1. Asia:

Asian countries too, just like America, are in favor of cryptocurrency. Almost every country in Central Asia, Eurasia, and East Asia made cryptocurrency legal. But in countries like China, India and Vietnam banking using cryptocurrency is considered to be illegal. Pakistan banned cryptocurrency completely and made its usage a severe offense.

  1. Europe:

European countries are all in favor of cryptocurrency. A lot of countries made cryptocurrency legal because they didn’t actually consider it as a form of money and their laws prevent them from taking any action on Bitcoins or cryptocurrency. So bitcoins are completely legal throughout Europe.

  1. Oceania:

Both Australia and New Zealand declared cryptocurrency to be legal. This is because of their law that the nonbanks do not need approval for schemes that include storage and transfer of bitcoin.

 

 

Is Bitcoin the Future of Money?

 

 

Bitcoin is the first decentralized currency. There were many supporters and detractors of this new innovation. So, why Bitcoin is better than money and why is it the future of money? In this article, we will make an attempt to explain it.

Speed

Bitcoin allows you to make 8 transactions per second. The transactions done by third parties like banks can make thousands of transactions per second when done locally in same currency, but in case of international transactions, Bitcoin wins.

Cost

The cost of transferring Bitcoin depends on its value which is roughly $ 0.40 US at current value. Where ever in the world you may be, it’s pretty cheap as it’s the same all around the world. Hence, you do not need to abide by any nation specific laws and everywhere the costs are exact the same.

Portable

Bitcoin is portable as you can carry it with you in a smartphone or a laptop or a thumb drive and even on a single piece of paper. You can store any amount of Bitcoin in these methods and move around in whichever way you want. You can also email it or send it through social media. You can also send Bitcoin across borders without having anyone’s special permit or approval and can transfer Bitcoin internationally without any hesitation.

Divisibility

There will be only 21 million Bitcoin in its entire existence. So, it is not mathematically possible to divide it among 7 Billion people. But there is always a way as Bitcoin is a digital currency that can be broken up into smaller bite-sized pieces which are called Satoshis.

So, these are a few essential points that makes Bitcoin and other cryptocurrencies like ethereum, litecoin etc. better than money. Cryptocurrencies are being driven by fast, global and secure transactions. Cryptocurrencies use cryptography system to control additional creations and to secure the transactions. Only the owner with private key or code can transfer the cryptocurrencies in the cryptography system, which makes it much safer, secure and authentic. From the above mentioned points we can easily say that cryptocurrencies are definitely going to be the future of money

A Short Guide to Crypto Details

 

There has been a lot of noise about cryptocurrencies like Bitcoin in the news lately. So, there are few important things you should know and understand regarding crypto currencies before investing in this new digital asset.

Cryptocurrencies are a form of digital currency. Cryptocurrencies are not under any control of centralized authority or formal institution. A peer-to-peer decentralized network called the blockchain supports crypto currencies. There are so many plus sides of investing in crypto currencies which can benefit you in a huge way. On the contrary, there are many downsides also which may cause you great loss. So, it is better to know about all the pros and cons before investing in cryptocurrencies. There are various types of cryptocurrency each having their individual exchanges and databases. The blockchain network keeps track of each and every cryptocurrencies that are being used in trading. These are a few important points that you should keep in mind while thinking of investing in cryptocurrencies.

Is crypto currency legal?

Yes, it is legal. You can exchange cash for bitcoins given as a paper receipt. You can purchase legal goods and services as there are many places and enterprises that accept cryptocurrencies like bitcoins.

Pros and cons

There are both pros and cons of investing in cryptocurrencies. The plus side is the massive return on investment and the downside is with issues of devastating hacks and certain countries having an all-out ban like that of South Korea.

Paying taxes

So, if you are wondering whether you have to pay taxes with cryptocurrencies or not, then, the answer is again yes. You have to pay taxes and it might be a little complicated compare to the ones you pay for property, stock, bond or real estate.

Purchasing cryptocurrencies

Surprisingly, it is really easy to purchase a cryptocurrency like Bitcoin. There are a lot of apps and platforms which will take you through the process and supply you with all the data and help you determine which cryptocurrency you should purchase for the best returns.

Decentralized control

Cryptocurrency is an encrypted, decentralized digital currency as opposed to centralized digital currency and central banking systems. This implies that the entire database of cryptocurrencies are not controlled by any central banks or other governmental authorities.

What is Bibox?

 

Bibox is a digital asset exchange which was founded a group of blockchain giants consisting of venture capitalists, entrepreneurs, Bitcoin enthusiasts, and AI experts.

It is similar to the functioning of centralized exchanges and the use of AI is not yet clear in the platform. Bibox is mainly used in the Asian market and has adopted many features of the Binance.

It is ranked among the main 25 exchanges on the coinmarketcap and the exchange handles crypto trades worth USD 50milion every day on an average. The native token of Bibox is symbolized by BIX and is similar to that of Binance.

Purpose of Bibox

Bibox is encrypted and AI-enhanced digital exchange where one has the option of peer-to-peer trading. It is paired with DAI, USDT, BTC and ETH. Bibox was created to give an accurate analysis of the trading and to provide a quantitative computation of the trading market cycles. It is similar to the functioning of centralized exchanges and the use of AI is not yet clear in the platform.

Technology of Bibox

The Bibox team have very renowned experts from Houbi and Okcoin and are adopters of the blockchain technology.

It has the ability to handle more than 10million users at a time due to its modern distributed cluster system. This system also helps in making Bibox error tolerant.

This advanced distribution system of Bibox can execute a large amount of traders per second which reduces the execution time and makes it faster than other exchanges.

Working of Bibox

Bibox uses the ERC20 standard and is based on the Ethereum blockchain. If an investor holds a BIX token, he is bound t get 20% profit of the total Bibox exchanges profit. Also, the investors of Bibox get discounts on the trading fees on the exchange which is starts from a flat 50% reduction for the first year and goes down to 6.25% concession in the 4th year of using the platform.

Bibox is one of the new crypto’s and have seen high volumes throughout. BIX is expanding day by day and listing new tokens. BIX has a promising future as the team is well qualified and well versed in cryptocurrency.