Bitcoin technology
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What are the new COV tokens at PrimeXBT? The Covesting COV token has been one of the best performing altcoins over the past 12 months, as its price has risen more than 1000% over that period, and it looks like one of the most promising investments in 2021. One of the catalysts for this price increase has been the pending release of a number of new COV tokens, and recently news broke that the long-awaited utilities are now integrated into the Covesting PrimeXBT module. In this guide, we take a closer look at the new COV tokens, starting with what covesting is and breaking down what COV tokens, covesting and the module...
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Cryptocurrency transactions are impossible without a cryptocurrency wallet. Whatever asset you use - bitcoin, ether, litecoin or any other, you simply cannot do without a special wallet for them. What kind of cryptocurrency wallets exist and which one is better to choose? Hot and cold cryptocurrency wallets All cryptocurrency wallets, regardless of what assets they are designed for, are divided into two types - hot and cold. No, a hot wallet won't burn you, and a cold one can't be put to your forehead in the heat. These slang terms denote the fundamental difference between the two ways of storing cryptocurrency. In simple words, a hot bitcoin wallet is a wallet connected to...
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Today's cryptocurrency community is hard to surprise with any predictions. Bitcoin exchange rate forecasts of $200,000 and $43 appear in the media with enviable regularity. Stock exchanges are not left out of this. According to one forecast, in five years the traditional cryptocurrency exchanges will cease to exist, giving way to decentralized platforms on the blockchain. Decentralized cryptocurrency exchanges (DEX) are gradually gaining popularity, but should they be trusted? Why decentralized? As you probably already know, regular cryptocurrency exchanges violate one of the basic principles of cryptocurrency - anonymity. The fact is that in order to work in the legal field, it is necessary to comply with the requirements of the U.S. and EU anti-money laundering laws...
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After many, even the top cryptocurrency exchanges were attacked by hackers, more and more traders began to pay attention to decentralized trading platforms. How do they differ from traditional cryptocurrency exchanges, and what are their advantages and disadvantages? What is wrong with traditional cryptocurrency exchanges? Using a cryptocurrency in their activities, the user is essentially a bank for himself - the storage and use of assets is carried out directly by its owner. Trading on cryptocurrency exchanges contradicts this principle. When you make a deposit on a cryptocurrency exchange, you give it the right to store your coins and assign the platform some responsibility for them. The customer can't manage his private keys -...
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There is still a fierce debate about the value of cryptocurrencies. The main argument of crypto's opponents is that digital assets are just computer code that has no real value, and their value is not backed up by anything tangible. Many investors are not excited about cryptoassets either. You should agree that it is quite difficult to keep your savings in an asset, the price of which changes in one day by 20%, and not always in the direction of growth. Cryptocurrencies called Stablecoin are designed to solve these problems. What is Stablecoin? Stable coin or Stablecoin is a cryptocurrency whose price is dependent on the value of a traditional financial asset. It is...
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Cryptocurrencies and blockchain have not surprised anyone for a long time. However, the most advanced users of the digital asset world are also flaunting the term "smart contract. Today, we'll take a closer look at what these contracts are and why they're called "smart contracts. What is a smart contract? A smart contract is translated from English as a "smart contract". It is a special program that is written into the blockchain. The program contains a number of conditions and is executed automatically after all of these conditions are met. That is, in simple words, a smart contract is an agreement that is executed by itself, without any intermediaries. To do so, it is sufficient to fulfill the conditions laid down in it. Who invented smart contracts? The idea of smart...
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Today Fortrader magazine has Alexander Borodich, the founder of the blockchain platform Universa. We will discuss with Alexander the prospects of blockchain technology in the country and the world. - Hello, Alexander. How did it happen that you developed a platform on the blockchain? Why are you interested in this topic? AB: When I was a venture capitalist, several of my projects started to grow by more than a thousand percent annually, which is completely atypical for such projects. One thing they had in common was that they were all in what is now called blockchain. I realized that blockchain is a new technological wave that will significantly change almost all of the processes to which...
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The statement that we live in a very rapidly changing world has long been a truism. It is another matter that people by nature are quite conservative, and it is very difficult to move people. But it's simply impossible to ignore the changes that are happening around us, including in profit-making technology. Profit twice as fast At one time, one of the favorite sayings of Sberbank employees was a quote from Alice in Wonderland: "You have to run as fast as you can to stay in place, but to get somewhere, you have to run at least twice as fast. Just a couple of decades ago, trading was very conservative and more like...
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Bitcoin will be mined until the year 2140, but even today it is not easy to do. Especially if you only have a home computer at your disposal. And even so, there is no certainty that you will cover your electricity costs by mining. In the early days of mining it was easy, only the lazy ones didn't try the "free money". There were even precedents of buying a pizza for 10,000 bitcoins. Expensive purchase! But who knew. Now only 30% bitcoin wallets are actively used, the rest just keep the funds, including because the owner forgot, deleted or lost the password. Restore it, if you do not know, by the usual ways we can not. The anonymity of the system is not...
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Cryptocurrency mining has gained an overwhelming popularity today. There are a lot of videos on the web explaining how to do it at home. However, today we offer a slightly different perspective on the cryptocurrency mining process. Modern trading is impossible without using computers. Every trader starts his working day by turning on his machine, launching trading terminals, necessary applications and browser tabs. And it is at these very moments that he risks becoming a victim of the very same mining, only hidden. Hidden mining: how it looks For personal computers, used by almost all traders, there are currently three most common operating systems: Windows, Linux and OS X. The last two ...
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Bitcoin, in simple terms, is digital money. Physically, the currency does not exist, only special electronic registries that keep track of how many bitcoins someone has and who transfers them to where. These registers are called blockchains. Bitcoin is also called cryptocurrency or electronic payment system like Visa and MasterCard. What does bitcoin look like? The bitcoin cryptocurrency itself is stored in a wallet that anyone can install on their computer. Bitcoin address is a set of Latin letters and numbers with a length of 34 characters. It can also be represented as a QR code. Bitcoin and gold Many people call bitcoin the electronic equivalent of gold, because the cryptocurrency, like the precious metal, exists in...
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When the hype around bitcoins has already reached its peak, only someone who knows nothing about it dreams of making money with cryptocurrency. All housewives are aware and the bitcoin, ether and ripple exchange rates, and set up their home computers to mine and use services that work in digital coins. 1. Buy and wait The easiest way to make money from cryptocurrency is to buy it and wait for its rate to rise and then sell it profitably, preferably at the very top. There are also cryptocurrencies that pay dividends, like stocks. It is important to choose a cryptocurrency to buy very carefully, because you can become a victim of fraud associated with artificial accrual of its value. 2. Trading...
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Anyone who is interested in this way of investing free funds can buy bitcoin today. There is no need to go through long and complicated registration and verification procedures or to wait a long time to confirm your details. You can buy bitcoin or part of it in several very simple ways. 1. Exchanges There are so-called cryptocurrency exchanges where transactions for buying and selling bitcoins and altcoins take place. There are enough of them to choose the one that suits you in terms of convenience, commissions and other parameters. See list of exchanges. 2. An exchanger You can buy bitcoin by using an electronic exchanger. In the same way as we exchange rubles for dollars, you can also exchange rubles...
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Is it possible to earn bitcoin yourself today, when its value has already exceeded all analysts' forecasts? How complicated is this process and can it be done without becoming a miner? Let's talk about some of the ways you can earn bitcoins. 1. Become a miner You can become a so-called miner, which with the help of special software that is installed on your computer, as well as quite tricky equipment itself mines cryptocurrency. But this requires expensive equipment, an understanding of the IT industry and a good familiarity with the workings of the bitcoin network. Minus - you need a large initial investment. Read more about bitcoin mining 2. Cranes, lotteries, bonuses You can get bitcoins for watching ads or performing some simple action.....
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Cryptocurrency in simple words is electronic virtual or digital money. Physically this coin does not exist, there are only special electronic registries that keep records of how much cryptocurrency users have and who transfers it to where. These registers are called blockchains. What does cryptocurrency look like? Cryptocurrency is stored on an electronic wallet. Anyone can install such software on their computer. The address of such a wallet, depending on the type of digital coin and its technology is a set of several Latin letters and numbers. It can also be presented in the form of a QR code. Analogy with cashless payments The system of cryptocurrencies, in simple terms, is similar to how cashless payments are arranged in...
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The cryptocurrency boom has attracted the attention not only of financiers and economists, traders and investors, but also fraudsters. And the fact that cryptocurrencies can exist exclusively in electronic form has greatly expanded the number of schemes - because now attackers don't even need to leave home to steal your money. A competent and cautious trader does not use "spontaneous" cryptocurrency exchanges and some illegal trading platforms for a long time. There are many cryptocurrency exchanges - from the top ones to the lesser-known ones - at his service. But here also lies the danger - by registering on the website of a top cryptocurrency exchange, you can lose your money. Let's see why this can happen? Bittrex and Binance...
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Bitcoin price has long ago overcome the level of 10 thousand dollars and one cryptocurrency coin in the eyes of the average user is a fortune. To buy bitcoin, according to most people, it is necessary to have impressive finances, and it is not very accessible for an ordinary person. This is probably the biggest misconception about bitcoin. A very small amount of money is enough to enable you to become a cryptocurrency owner. Bitcoin's divisibility You probably know that the very concept of money includes several mandatory characteristics. One of them is divisibility. To explain in simple words, it means that, for example, a dollar can be divided by 100 cents, and 50 cents plus 50 cents will always be equal...
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LocalBitcoins.com is not really a cryptocurrency exchange. It is an online marketplace that allows users to buy and sell bitcoins. The main difference between the service and cryptocurrency exchanges is that no trading is possible here. In fact, LocalBitcoins acts as an intermediary, through p2p, allowing bitcoin buyers and sellers to trade directly with each other. You can buy or sell bitcoins on LocalBitcoins either online, through a variety of payment systems, or in person with a seller/buyer using cash. Please note that the service is only for buying and selling bitcoins and does not conduct transactions with other cryptocurrencies. Article Contents Basic information Registration How to buy bitcoins How to sell bitcoins...
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The EXMO cryptocurrency exchange was created in 2014 and is very popular in the CIS countries, as it belongs to the category of cryptocurrency exchanges that support the Russian language. Contents General information about the exchange EXMO Registration on the exchange Deposit and withdrawal Verification of your account How to trade on the EXMO Cryptocurrency exchange How to change the cryptocurrency Security of your account at EXMO Advantages and disadvantages Basic information Official website of the exchange: exmo.me Official twitter of the exchange: twitter.com/Exmo_com Place of registration: UK Date of registration: 2013 Site language: English, Spanish, French, German, Italian, Portuguese, Romanian, Chinese, Russian, Ukrainian, Polish Trading pairs: 39 Registration on EXMO For registration on EXMO crypto exchange you need to enter the...
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Investors are paying more and more attention to high technology and the cryptocurrency market. In turn, every new project, which is commonly referred to as a startup, needs money to develop. In order to attract investments, as a rule, the startups don't use traditional methods but resort to ICO (Initial coin offering), which is analogous to IPO on the stock market. Companies conducting ICOs offer tokens to investors. Not all tokens taste the same :), so it's time to understand their classification. Startups in the cryptocurrency market offer three main types of tokens. The first type of tokens - shares As you know, the Etherium network gives the opportunity to use smart contracts. With their help, young...
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