Unicoin DCX

Ethereum is an open-source, public, blockchain-based distributed computing platform and operating system featuring smart contract (scripting) functionality. It supports a modified version of Nakamoto consensus via transaction-based state transitions. Ethereum is the second most popular after bitcoin and getting edge day by day due to its simplicity in the mechanism. 19 years old programmer created a platform to store and perform computerized programs crosswise an international network of scattered nodes.

History

A Canadian programmer named Vitalik Buterin was involved in blockchain technology in 2011, and he founded bitcoin magazine with his partner. He started to think beyond the existing bitcoin technology for more simplification to use in the financial world. Finally, he released the white paper in 2013, stating that the general scripting language of Ethereum. Since then, it attracted investors and entrepreneurs to think about business activities. There was a massive movement in Ethereum and later, it moved up with 13000 per cent in 2017, which was the highest record. The growing value of ethereum forced investors to gauge the effects. However, it was speculators and other traders that were alarmed and sought precaution.

Technology Behind

Ethereum is programmed blockchain technology. Ethereum is working based on peer to peer protocol, which means this network can be accessed by many computers around the world. The modality of Ethereum is different than bitcoin because Ethereum users can use any own code, whereas it was not possible in other bitcoin technologies. The smart contract has all the stored coding system for their users. In Ethereum, they also run the Ethereum Virtual Machine (EVM). This Ethereum Virtual Machine is a supercomputer which is associated with all computing power of the nodes in the overall network system. To execute the smart contracts, the EVM takes small fees in exchange for the computational power consumed by the digital smart contract.

Buying Ethereum

1. Open account in cryptocurrency exchange

Interested person or the user may open a trading account in any digital currency exchange like Unicoin DCX. This is the first step to comply with the formality and to get an authorized user id and password.

2. Fund the fiat currency

After opening the account, you need to transfer the fiat currency to your trading account. There are specific fiat currencies which are acceptable, and can you can transfer it into your legit account.

3. Login in the trading account to place order

You can use your credential to log in to your trading account then there are numbers of cryptocurrencies with the ongoing price. Therefore, you can choose an Ethereum pair and place the order to buy the desired quantity.

4. Save to wallet

After buying, you can store your Ethereum into your secured wallet. Later, when you want to use, you can use your wallet.

Importance

Ethereum is very popular among technology developers and entrepreneurs. They take the help of Ethereum to create a decentralized business which is not in existence before. This smart contract is prioritized to eliminate third party or middle man to save the transaction cost. Supply chain management and crowdfunding are major areas where Ethereum is highly used. Nowadays, other industries are also entering the crypto world.

Conclusion

Ethereum is a substitute for bitcoin and with a more simplified version, helps users to take advantage of cryptocurrencies in the fast-moving world with fast-moving blockchain technology. Due to this smart contract, business transactions are more secured and cost-effective as well.

Ultimately, investors have to be updated with the crypto world, especially while buy Bitcoin and buy ethereum other Altcoins.

A cryptocurrency is a digital asset considered to execute as a medium of exchange that utilizes cryptography to protect transactions, control the generation of the further unit, and authenticate the transmission of digital assets, based on blockchain technology. There are Bitcoin, Ethereum, Ripple and other crypto coins as well.

A cryptocurrency exchange is a brand that is similar to digital currency exchange (DCE). Cryptocurrency Exchanges are online platforms that match buyers with sellers. Such exchanges would be referred with care as they need custody of your digital assets for allowing you to do trades. Meanwhile, this has broad inferences concerning the trading of altcoins and the trading of altcoins on a cryptocurrency exchange entails your characteristic lack of custody over your current digital assets.

Cryptocurrency Exchange is legit or regulated exchange in a specific geographic location. However, the trade might be carried out from any part of the world because it requires only internet connection, wallets, fiat currencies, and your trading platform. There are few famous names of cryptocurrency exchange like Unicoin DCX, Binance and much more.

How does an exchange work?

        1. First, you need to have one cryptocurrency exchange like Unicoin DCX, and then you have to deposit your fiat currency into the designated account.

        2. After the deposit, you can open trading software and place the order to buy cryptocurrencies as per the availability of the market depth.

        3. After buying, you have your cryptocurrencies in your wallet.

        4. The exchange charges a small number of fees for the overall transaction, for matching order, as well for security.

Benefits of Using an Exchange

A cryptocurrency exchange provides numerous benefits as compared to other direct party transaction and which are as follows.

       1.Secured transaction

       2.Reasonable buy and sell rates

       3.Good liquidity for buy and sell orders

       4.Variety of payment methods (direct bank transfer, credit card, debit card and other modes of e-payment)

       5.Built-in wallet services (Cold and Hot wallet)

A cryptocurrency exchange is similar to other commodity exchanges. In commodity exchanges, you can trade different type of commodities, and you can buy or sell cryptocurrencies through exchanges like Unicoin DCX, and much more. These exchanges take required security measurement for a safe transaction. There are various parties involved to carry out the business like the market maker or liquidity providers, traders, banks, and exchange itself. While choosing cryptocurrency exchange, you need to be careful and scrutinize everything like transaction fees, service charge, any hidden cost, and the security level. When you have an idea of entering into the crypto market, then cryptocurrency exchange would be the better platform to buy or sell digital coins in a safe way and with low transaction cost.

Cryptocurrencies are digital assets that were introduced to carry out trustworthy and secure financial transactions with the help of cryptography. Cryptocurrencies can also be said as digital currencies that use encryption techniques to regulate the generation of units of currency and scrutinize the transfer of funds independently, without the interference of the central bank. The world of cryptocurrency is vast and these are the top 10 cryptocurrencies listed below:

1. Bitcoin (BTC)
2. Ripple (XRP)
3. Ethereum (ETH)
4. Bitcoin Cash (BCH)
5. Stellar (XLM)
6. Litecoin (LTC)
7. EOS (EOS)
8. Tron(TRX)
9. Binance Coin (BNB)
10. Cardano (ADA)

The Ascent of Security Token Offering (Or the end of the era of ICOs)

ICO’s are not something new to the people who know about cryptocurrency and that they would surely know how ICOs created issues in the past couple of years. Lack of rules & regulations resulted in scams worth millions of dollars through ICOs in 2018 that raised funds giving false promises to its shareholders. This has spoiled the prospects of a genuine upcoming cryptocurrency exchange that actually had a feasible product or solution to offer.Security Token OfferingSTOs are the next arising big thing in the unit of cryptocurrency and blockchain technology. The capabilities and the functionalities of blockchain improved with the introduction of STOs, that also took care of the shortcoming of ICOs. Overviewing the safer & legitimate investment plans offered with STOs, major corporates have also started showing a keen interest in this.

Unusual Acceptance

Even with a downtrend of almost each and every cryptocurrency asset after 2017, with Bitcoin and Ethereum leading the way up, the rate of unusual acceptance was not affected.Although many investors suffered a hefty loss with the market crash it was also the time when Cryptocurrency was in its hype and people from all sorts of life we’re talking about it.

The Impact of TRON Arcade

The gaming industry is at peak and stepping into next generation with augmented reality and virtual reality set to be a significant part of it and games based on blockchain may become a substantial part of what is yet to come and TRON arcade will definitely play a role in that.

Global Governments Recognition to Cryptocurrencies Transactions 

Most recently Cryptocurrencies are getting recognized as an authorized channel for the financial transaction by the governments around the globe. When legal currencies were losing their credibility, cryptocurrencies emerged as one of the reputed and trusted medium for exchange and it was worth using it.NASDAQ, Ethereum, Cardano2018 was very difficult for the cryptocurrency. Results were good at the beginning but at the end of the year, an approx fall of 400% was seen in cryptocurrency prices. It is expected that people might see some changes in the crypto results this year. The fall did not give an end to cryptocurrency, with upgrades of new advancements it is at the advanced level. Some of the most important developments to look forward in 2019 are,

• NASDAQ’s listing of Bitcoin futures

It has been decided and it is true that NASDAQ will be listing to buy Bitcoin in futures. This will surely pave Bitcoin’s mainstream future.

• Ethereum Upgrade

Ethereum will have approx of two major upgrades in 2019 — one of them will be ‘Constantinople’ at the start of the year and other in the later part of the year. Constantinople is yet to hit the world and it is designed to improve the efficiency of the blockchain and to decrease block reward, mainly to make the blockchain to be more ASIC- resistant. An upgrade with the implementation of Casper Protocol and Sharding is expected next. So, choosing to buy ethereum also a good choice.  

• Cardano

In 2018, Cardano was the second most developed cryptocurrency and now in 2019, it is planning to release the features of the Shelley phase. In the development stages of Cardano, Shelley is a phase that is mainly focused on making the project to be fully autonomous. Advanced smart contract capabilities feature, that is suitable in enterprise usage is also expected to be delivered from Cardano, especially concerning transaction speed.Reduction in Mining Energy ConsumptionBasically mining need nodes that can lead to an extreme level of energy consumption. Bitcoin saw a massive reduction in energy consumption during a fall in price. If this trend continues in 2019, we will see a marked reduction in energy consumption.

Expansion of Crypto based credit cards

Even though the regulations have stalled the trading in some countries, people accepted cryptocurrencies in recent years. The acceptance of cryptocurrencies by people increases. People don’t prefer to lavishly spend their cryptocurrency, they wish to save it. Countless people started investing in crypto. And, here comes the concept of crypto-based credit cards. It paves a way to have your crypto and also use it in other forms like fiat currency.

Before we decide that sharing bitcoin address is compromised or safe, we must understand few important aspects of bitcoin address and its security because this information guides you in deciding whether to share the bitcoin address to anyone or on any website. Bitcoin is the most privileged cryptocoin in the current crypto world. Any bitcoin user can generate bitcoin address without even having an internet connection, and additionally, it is not necessary to register with the bitcoin world network. Thus people can create such address with the help of the software available freely on numerous websites. Technically, a Bitcoin address is a 160-bit hash of the public portion of a public/private ECDSA key pair. Using public-key cryptography, you can “sign” data with your secret private key, and anyone who knows your public key can verify your signature legitimacy.

A bitcoin address includes 26-35 alphanumeric characters with similar to 1, 3 bc1 which is a digital designation. A bitcoin payment address looks like bc1par0srtr5xfkny3l613lydnw9re59gtzzkf8ndq

However, this is one of a kind of bitcoin address format, and in fact, there are 3 other formats of such addresses. Those formats are P2PKH, P2SH, and Bech32. You can think of the address of your bank account number where the money can be received or deposited by yourself or third parties. Generally, most of the bitcoin address consists of 32 characters with random uppercase, lowercase, and numbers except “I” and “O”. These two letters have never been used till today to avoid the ambiguity. Bitcoin addresses are a consequence of generating a public and key pair. The address is known secretly to wallet owner. Therefore, this is entirely safe and secure if your storing device is not compromised. 

Without sharing your bitcoin address, it is not possible to receive funds from another party, so you have to share the Bitcoin address without a second option. Now the question arises that what can happen to my address once you make it public. Hackers can manage to find your address, but cannot do anything until you share them your private keys. The private key can be understood like the password for your bank account for transaction requirement, thus without revealing your private key, people can locate your address, but cannot peep into your account details or be able to do any transaction.

These addresses are not crypto wallet nor balance accounts. You can use it to receive the crypto funds. These addresses are just like bank account numbers where other parties can see and deposit, but they cannot withdraw or send money from that account. Only the owner of the address has the power to send money if he/she has other private keys. Bitcoin address has a built-in check code, so no one can send the bitcoin to wrong address. If the address is valid, but without an owner in such cases the coins sent mistakenly are lost forever and cannot be reverted.

To conclude, it is very safe to share the bitcoin address to another by keeping the private key within your limitation. The private key cannot be accessible to any other third parties on any aspect.

Ultimately, investors have to be updated with the crypto world, especially while buy Bitcoin and buy ethereum other Altcoins.