Cryptocurrencies have been in the news recently because tax authorities believe they can be used to launder money and evade taxes. Even the Supreme Court appointed a Special Investigating Team on Black Money recommended that trading in such currency be discouraged. While China was reported to have banned some its largest Bitcoin trading operators, countries such as the USA and Canada have laws in place to restrict stock trade in cryptocurrency.

What is Cryptocurrency?

Cryptocurrency, as the name suggests, uses encrypted codes to effect a transaction. These codes are recognized by other computers in the user community. Instead of using paper money, an online ledger is updated by ordinary bookkeeping entries. The buyer’s account is debited and the seller’s account is credited with such currency.

How are Transactions Made on Cryptocurrency?

When a transaction is initiated by one user, her computer sends out a public cipher or public key that … Read more

The Web is part of society and is shaped by society. And until society is a crime-free zone, the Web won’t be a crime-free zone.

So what is a cryptocurrency? A cryptocurrency is a decentralised payment system, which basically lets people send currency to each other over the web without the need for a trusted third party such as a bank or financial institution. The transactions are cheap, and in many cases, they’re free. And also, the payments are pseudo anonymous as well.

As well as that, the main feature is that it’s totally decentralised, which means that there’s no single central point of authority or anything like that. The implications of this is done by everyone having a full copy of all the transactions that have ever happened with Bitcoin. This creates an incredibly resilient network, which means that no one can change or reverse or police any of … Read more

The Best Crypto-IoT Collaboration

The announcement was made from the Nano center, yesterday. The release of the Nano IoT charger was confirmed by the company and poses as the most promising entry into the IoT industry. The IoT charger and associated apparatus is said to be run on the native Nano coin.

The charger that has been released as of now is still a prototype and the features that have been revealed so far that the charger hosts are:

• It only requires the user to scan a QR code for transactions
• The QR code initiates a micro-level managed transaction process; hence no need to worry about change
• Is so far only compatible with NANO wallets

This announcement from the Nano Centre is a huge milestone for the company and the community alike because as and when the charger is successfully tested and released to the market, there are many real-world … Read more

Here is a question that comes up often: How do I choose which crypto currency to invest in – aren’t they all the same?

There is no doubt that Bitcoin has captured the lion’s share of the crypto currency (CC) market, and that is largely due to its FAME. This phenomenon is much like what is happening in national politics around the world, where a candidate captures the majority of votes based on FAME, rather than any proven abilities or qualifications to govern a nation. Bitcoin is the pioneer in this market space and continues to garner almost all of the market headlines. This FAME does not mean that it is perfect for the job, and it is fairly well known that Bitcoin has limitations and problems that need to be resolved, however, there is disagreement in the Bitcoin world on how best to resolve the problems. As the problems … Read more

Cryptocurrency has not only given the fastest way to transfer the money, but also a new entity to trade with and to earn money apart from the stocks and other commodities. While you can directly sell and buy Bitcoin, you can also use Bitcoin trading exchanges to continue your trades in cryptocurrency. There are a lot of exchanges where trading Bitcoin is safe and secured and also the customers are facilitated with many extended services. Being a cryptocurrency investor or trader you can choose any of the exchanges for your comfort. It is however recommended to sneak peek into the reviews of some before opting out the one. Below is a brief review of top Bitcoin exchanges around the world.

CoinBase: It is probably one of the most reputed and largest Bitcoin trading exchanges with dual facility trading directly and through the wallet. CoinBase was founded in the year 2012 … Read more