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All Posts Term: Ethereum
6 post(s) found
Market NewsTechnology

Samsung Agrees To Cryptocurrency Payments

CryptoCurrency

The Samsung C&T Corporation recently decided to allow crypto currency payments inside Samsung stores. The program has begun its trial run in the Balkan states of Estonia, Latvia, and Lithuania. Samsung mentioned it might expand this offer to other countries.

The company is currently only using the major cryptocurrencies. The formats currently accepted are Bitcoin, Litecoin, XRP, Ethereum, Steem, and Dash. Other cryptocurrencies might be too minor or volatile to be worth supporting.

Market NewsTechnology

Invest In Bitcoin Today

bitcoin-2018

Crypto currency is currently in a slump. There is only one thing to do- buy Bitcoin. The rule is always buy low, and sell high. That means buy crypto currency when the prices are low and sell them when they are high. People call the current slump "the end of crypto currency" but it isn't true. Remember, buy low. This is a great opportunity to diversify with crypto and get it at a great price. Remember these two words- buy Bitcoin.

The crypto currency market is volatile but there is plenty of money to be made in the selling of it during highs. In order to make money while the prices are high, you must purchase while it is low. Buy Bitcoin. Buy Bitcoin. Buy Bitcoin.

Market NewsTechnology

Telegram's $1.2B ICO Ambition To Create A New Ethereum

Telegram

A brief of the ambitious Telegram's $1.2B ICO plan for the future

We have more details on the plan by the Telegram's messaging app to push its project the Telegram Open Network (TON). The move was made after the company obtained the whitepaper and investor prospectus was completed in full.

According to the documents, Telegram depicts its discontent on being similar to the many ICOs that use the Ethereum platform to sell their tokens and services. Rather than sticking to the norm, Telegram aims to create its own platform that will compete with Ethereum. The new platform will host new decentralized services as well as Internet experiences.

If Telegram's ICO works out, then it will set a new record. However, this will only be the beginning.

In the future, the company wants to raise a whopping $1.2 billion. To start off, it will raise $ 600 million between January and February from those in the company's executive's circle and traditional capital venture backers. The few selected by TechCrunch will receive letters to confirm their participation on the stage.

After the presale, the company will then invite retail investors to a public sale which will be held in March to raise the remaining $600 million. If the company is able to achieve this fete, it will beat the current record held by Filecoin in September for raising $257 million.

A new player in running the decentralized web

According to the company through its documents, the app is used in over 60% of community communications among its ICO projects.

The Telegram company thus believes that its ICO should be used to develop a decentralized Internet to power decentralized apps (DApps in short), censorship-proof websites and smart contacts and other programs rather than monetizing it.

Market NewsTechnology

The Volatile Price Of Bitcoin

love-bitcoin-tshirt-idea

The price of Bitcoin continues to grow, and it recently hit values over $16,000. The cryptocurrency's values nearly doubled over the last two weeks. Institutional war chests are probably doing most of the movement at this point, considering that the market cap now reached nearly $300 billion. This raises the stakes for traders to new heights.

Different exchanges have been citing different prices over that time period. While everyone had the price of Bitcoin pegged at around $8,000 just 14 days ago, the Coinbase GDAX exchange approached the $19,000 mark. Most other exchanges had the price of Bitcoin positioned at a much lower value. These drastic differences are making it difficult to predict market fluctuations with any degree of certainty.

Technology

To Bitcoin Or Not To Litecoin

Litecoin

There are three different crypto currencies that are capturing the attention of the world. Determining which is the best is a common activity. Understanding just a little about each can help determine which is the best for you.

Bitcoin
It is the oldest of the crypto currencies. It is also the most common of the three crypto currencies. It is the only one that is currently being accepted as payment in everyday commerce transactions either online or in brick and mortar locations. It has a limited supply of 21 million bitcoins. The current amount of bitcoins in circulation is approximately 16.70 million bitcoins.

Litecoin
Litecoin closely resembles Bitcoin. It was created to be the alternative for Bitcoin. Litecoin's mining system is less complicated than that of Bitcoin. The result is quicker confirmation time of 2 1/2 minutes compared to the 5 minutes it takes for a Bitcoin confirmation. There is a limited supply of 84 million Litecoins of which 53.99 are in circulation.

Market NewsTechnology

Ethereum: The Future Of Credit?

Ethereum

Ethereum may represent the future of credit, according to the cryptocurrency's founder Vitalik Buterin.

Like most other cryptos, Ethereum is based on the blockchain, a system that allows the currency to be hack-proof while simultaneously allowing every coin to be traced back to its origin point. This provides a level of secure transparency that Buterin believes can revolutionize security and economics.

The biggest stumbling block at present is the speed at which crypto transactions are processed. Bitcoin, the most well known cryptocurrency, processes about three transactions per second, while Ethereum is a little faster at five. Uber provides 12 rides a second, suggesting that cryptocurrencies need to process transactions much faster for large-scale commercial applications.

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