Bitcoin making the payments world better
Bitcoin is the digital currency which is created and held electronically and is the first successful digital coin that can be transferred over the web. Bitcoin is a peer-to-peer payment network which in simple words means that it can be transferred from a person to another directly over the internet, taking out middlemen such as banks and credit agencies
The crypto crash of 2019 considerably changed the dynamics in the crypto market and ensured a clean-up of the crypto market. Cryptocurrency price changes are no longer dramatic and the Bitcoin has become significantly stable. The new crypto market is being driven by institutional money in combination with the new wave of innovation and adoption which will come from security tokens combined with stable coins. The crypto market is also becoming more regulated, and therefore more accessible to the public and efficient. The New York Stock Exchange’s operator is to start working with Bitcoin futures in 2020, while Nasdaq will follow their lead a year later. Bitcoin has matured as an investment vehicle, primarily with the introduction of Bitcoin futures, allowing for adoption, as investors short Bitcoin and settle contracts in real money, as well as trade-off Bitcoin even when they do not own bitcoin.
Bitcoin users can accept and send Bitcoin payments of any size from anywhere in the world in seconds instantly which allows users to minimize the amount of cash and plastic they need to carry around. People comfortable and conversant with bitcoin may travel solely with it as a means to an alternate source of income. An Australian beach town in Central Queensland became the first digital currency-friendly tourist town.
As bitcoin can be used to initiate global payments around the world at insignificant costs and in near real-time, it offers an opportunity for crowdfunding by anyone around the world to help support charities and any foundations. You can offer aid to any foundation from anywhere in the world to help a cause. You can also scan a QR code to make payment into a bitcoin wallet. This use of bitcoin is an initiate of Project 256.
If an woocommerce coupon company permits bitcoin to be used to complete purchases, it has advantages such as cutting out middlemen, cutting down transaction fees, increasing the speed of transaction and can boost trade in some developing countries. It is also very secure, and so can be used to encrypt keys of a digital wallet. Because Bitcoin is instantaneous, users have peace of mind that a transaction is completed for sure, and so reduces time where a payment remains pending for a period of time. The instantaneous nature of bitcoins, along with its security means that chargebacks are very unlikely to occur. You can accept Bitcoin through the use of payment buttons, invoices or custom integrations. Bitcoin is still very relatively new in the woocommerce smart coupons space, so if you are going to use it, ensure there are FAQs to guide the customer and make the UX as intuitive as possible.
Bitcoin may be used to integrate the unbanked. It can be used for digital micro-loans, on monetary exchanges and for cross border remittances.
As bitcoin is a digital asset, it can be moved automatically, allowing for programmable money and smart contracts. Escrow accounts are already used for transactions, such as real estate deals. Customers’ deposits can have held in the escrow accounts and only goes to the seller after what the buyer paid for has been delivered. In a digital age where trust can be crucial to people who want to transact with sellers or buyers they don’t know, this system can be used for varying amounts.
Researchers are working on ways to map bitcoin transactions in the ledger to IP addresses. Although this system is not perfect yet, this exploration into computer science, economics, and forensics will help nab criminals and can also serve as a guard against money laundering.
Bitcoins are not associated with a bank account or cash funds, and because they're only transferred electronically through blockchain ledger systems, they are likely to reduce fraud overall in the future.
National banks of countries that are subject to extreme conflict or financial mismanagement might begin supporting cryptocurrencies by supplementing the gold reserves with bitcoin as it is a trust-minimized cryptocurrency solution.
About the author:
Junaid Ali Qureshi is an ecommerce entrepreneur with a passion for emerging tech marketing and ecommerce development. Some of his current ventures include Progos Tech (an Woocommerce mix and match), Elabelz.com , Titan Tech and Smart Marketing.
Why BCIO Is Not Just Another Utility Token
2019 will be a decisive year for the Blockchain industry as the world moves towards a friendlier Crypto environment with governments such as Korea, Singapore, and Switzerland paving the way for appropriate regulatory measures. Likewise, France is aiming to become a blockchain hub for entrepreneurs and investors alike, with a 30% flat tax regime possibly in the works. Blockchain.io aims to become the new European cryptocurrency exchange of trust for individual and institutional investors alike. At the center of the Internet of Value, we provide users with an augmented trading experience in a thriving ecosystem.
A new wave and generation of tokens is upon us, and Blockchain.io intends to be a leading player in this field. As such, we have conceived the BCIO token to do just that, and more importantly, we envisioned and conceptualized it as a pipeline to the Internet of Value. For the first time, transactions can be performed without any counterparty risk, which is a crucial advancement as well as a guarantee of safety. This brings us to the essence of CEO Pierre Noizat’s vision of digital assets as a platform for applications, as well as a marketing mechanism.
Proprietary exchange tokens are still fairly uncommon in the cryptosphere, even though a handful of major platforms...
IOTW's ICO Analysis and 15 billion IoT devices in the world
There are already over 15 billion IoT devices in the world. These devices carry lots of data usage statistics that could be very valuable to the right companies. The problem until recently is that it’s almost impossible to collect all of this valuable data in an organized way. But now the experienced team at IOTW has invented a way to easily connect any IoT device to their blockchain. Once connected, the IoT device becomes a node and mines IOTW tokens as a reward to the device users. The usage data is then collected and sold to companies in exchange for IOTW tokens.
Based in Hong Kong, IOTW is a product of the groundbreaking Blockchain company, AnApp Blockchain Technologies Ltd. The IOTW blockchain software will operate an open-SDK, allowing any device to load the blockchain app and gain access to the IOTW blockchain ecosystem.
In order to incentivize users to connect their IoT devices/appliances to their blockchain, the hard working team has developed 2 unique new protocols; “Micro Mining” and “Proof of Assignment.” Together, these protocols allow every household to join the mining community without restrictions. Each device they connect will become a node, and each node will have the same chance of being selected to mine as all the other nodes in the network. No whale power on this chain.
How it works:
- Download their software through firmware upgrades to connect any device to the IOTW Ecosystem.
- Start mining with very little power consumption.
- Redeem rewards. “IoT device owners will be rewarded with IOTW coins which the devices can use to call up services or spare parts. The owners can also use the IOTW coins to buy goods, services and media content in open markets.”
- Sell your data for more IOTW tokens. “IOTW blockchain will collect big data. Allowing global, city-wide, and district-wide energy saving optimization.”
Here’s a 7-minute video we were linked to by their Telegram mod. It does a great jump of explaining why IOTW is such an exciting project. The video has already received an impressive 56,000 views, and is worth checking out.
In addition, IOTW plans to allow for the development of decentralized applications on IoT devices. And they will establish a decentralized purchase network for IOTW holders to bypass the middlemen and purchase directly from device makers and service providers.
Also, the team invented a Digital Power System chipset (“DPS chipset”) that replaces traditional analog power systems in small appliances with digital power systems. From the company:
“We believe the DPS chipset will be able to see adoption by a certain number of device manufacturers for saving costs while increasing device functionality. We have already filed a patent for the DPS chipset design. We plan to file a few more patents for this new product.”
Token
IOTW will have the following utility:
- Device users receive IOTW token as rewards for mining, as well as for selling their usage data.
- Device makers, research institutes, government agencies, and other organizations can purchase usage data with IOTW.
- Goods and services providers will sell through the online mall accepting IOTW as a payment method.
- A percentage of IOTW will be taken as a processing fee for each transaction.
The Proof of Assignment protocol requires way less power for mining than Proof of Work....
Tutellus (TUT) Gets Beyond Halfway There: ICO
Tutellus, the largest educational platform in the Spanish-speaking world, and a decentralized and tokenized educational platform at that, is in the midst of its ICO. It’s looking for $40 million and has this far raised roughly $22 million.
The ICO token price is one nickel (US$0.05) per TUT.
Tutellus has a fascinating approach. The best students may study for free and, in fact, may earn money through tokens. Students who finish a course get “smart TUT” (STUT) tokens based on the value of their submissions of projects and related works, their participation in evaluations of other students, their participation in tutorials with other students, etc. STUT tokens themselves will not be directly tradeable outside the Tutellus system, but up to half of them may be converted to TUT, which in turn will be tradeable into other cryptos or fiat currencies.
Employers are also brought into the system, which is designed to help them “find the perfect fit for a position or contract,” as the TUT white paper says. Employers may buy access to the profiles of students by buying TUTs, in the process, they’ll help fund the whole ecosystem.
Museums Chain Decentralized Museum Ecosystem: Token Sale
MSM tokens are based on the Ethereum platform and are ERC20 compliant.70,000,000 total tokens will be generated. No additional tokens will be created. Unsold tokens will be burned. MSM Tokens will be fully transferable, exchangeable and will be listed on exchanges. The only trusted source of information related to MSM Token Sale will be the official website (www.museumschain.com) The Pre-sale price is $0,15 per token. But during the ICO, MSM token is available at a price of $0.20 USD per coin. There is a 40% bonus period on all purchases for the first 7 days of the pre-sale round. Purchases during the next 7 days of the pre-sale receive a 30% bonus.The minimum investment for the token sale is $50. 71.4% of MSM Tokens (49,980,000) will be available for purchase during the Token Sale. Exchange rate: 1 ETH = 3,000 Museums Chain Tokens (MSM) -this may change with ETH exchange rates. Museums...