TOP10 Crypto Exchange In The world

Cryptocurrency is one of the most trending topics in the world. Everyone wants to know what actually virtual currency is. Cryptocurrency is a virtual currency which helps to do transaction electronically. But on this topic, we are going to discuss the Crypto exchange. So what is crypto exchange? So let me explain to you, if you want to buy, sell, or exchange Cryptocurrency for other virtual currency or physical currency then you need to go to the Crypto exchange website. So in simple words, the crypto exchange is simply a website which allows Crypto users to purchase, sell, and to exchange Cryptocurrency for other digital currency and even in physical currency like the dollar, Pound, Euro, etc. We might have heard the stock exchange, the stock exchange is for trading stocks so similar to that Crypto exchange is for trading Cryptocurrency. You should not be in a hurry while choosing Crypto exchange for trading Cryptocurrency. You should be patient and should do a detailed investigation.
You must evaluate the following factors before choosing any Crypto exchange:

  1. Security for transaction
  2. Security for storage
  3. Satisfaction
  4. Fees and Liquidity.

So to make your evaluation work easier, here are the top 10 Crypto exchange in the world:

1. Coinbase:

Coinbase is one of the top Crypto exchange in the world which was founded in 2012, San Francisco, United States. The founder of this Crypto exchange are Brian Armstrong and Fred Ehrsam. Coinbase has two products and that are highlighted below:

      • GDAX: GDAX Stands for Global Digital Asset Exchange which works for a trading different variety of virtual assets or digital assets.
      • Another product of Coinbase is Bitcoin cash, Bitcoin, Ethereum classic, Litecoin, and Ether for flat currency.

The feature of Coinbase Crypto exchange:

      • The first feature of Coinbase crypto exchange is that Coinbase is open for 32 countries in the world for trading functionality.
      • It offers transaction and storage of Bitcoin in almost 190 countries of the world.
      • Coinbase Crypto exchange allows you to buy, Bitcoin, Bitcoin cash, Ethereum, Ethereum Classic, Litecoin.

2. Kraken:

Kraken is one of the biggest Crypto exchange whose headquarter is in San Francisco, United States but also operates in Canada, Japan, and the EU. Kraken was founded on July 28, 2011, and the founder of this Crypto exchange is Jesse Powell. This US-based Crypto exchange helps you to trade Bitcoin, and Altcoin against government-issued flat currency which includes British Pound, Euro, Japanese Yen, Us Dollar, and Canadian Dollar.
Features of Kraken Crypto exchange:

  • Kraken Crypto exchange is available worldwide
  • Kraken allows you to exchange a different variety of cryptocurrencies like Bitcoin, Ether, Dash, Ripple, Monero, Bitcoin Cash, Zcash, and so on.
  • Kraken process the funds within 1-5 business days.

 

3. Bittrex:

Bittrex is an American Crypto exchange whose headquarter is in Seattle, Washington. This Crypto exchange was founded in 2014 by three people named Richie Lai, Rami Kawach, and Bill Shihara. This digital currency exchange support Bitcoin, Ethereum, and 190+ cryptocurrencies with approximately 271 trading pairs. Bittrex supports USD or American dollar as a flat currency.
The feature of Bittrex Crypto exchange:

  • Bittrex is a cheap Crypto exchange which charges 0.25% commission on every trade.
  • The deposit methods in this Crypto exchange are Cryptocurrency, and wire transfer.
  • Bittrex is a very secure platform to trade.

4. Bitstamp:

Bitstamp is a Crypto exchange which is founded by a Nejc Kodrič, and Damijan Merlak in 2011. The Ceo of this digital currency exchange is Nejc Kodrič and it is located in London, Luxembourg, and Slovenia. This virtual currency exchange allows users to add funds by the help of Crypto and Flat currencies such as USD, and Euro. Bitstamp support Bitcoin, Litecoin, Ripple, and Ethereum.
Features of Bitstamp Crypto exchange:

  • Bitstamp office is located in three countries i.e. England, Luxembourg, and Slovenia and it is available worldwide.
  • It accepts various payment methods such as SEPA, Wire Transfer, Credit Card, and Cryptocurrencies deposit.
  • Bitstamp transaction fees are very low, trade fee can go up to 0.1% if you trade $20 million within 30 days.

5. Binance:

Binance is a Cryptocurrency exchange or a digital currency exchange which was founded in 2017 by Changpeng Zhao, and Yi He. Binance is a China-based virtual currency exchange whose office is in Japan, and Taiwan too. Binance is also planning to open its office in Jersey to increase or to engage European influence. This company is planning to add flat currencies including Euro, and British Pound. Binance support Bitcoin, Ripple, Ethereum, Dash, BNB, Ethereum Classic, and 94+ more cryptocurrencies.
Features of Binance Crypto exchange:

  • Binance is very cheap because its trade fee is only 0.1%.
  • The deposit method of this digital currency is Cryptocurrency.
  • This China-based digital currency is very much capable to process 1.2 million transactions in every single second.

6. Bitflyer:

Bitflyer is a Japanese base digital currency exchange which is one of biggest Cryptocurrency exchange in the world. It was founded by a Yuzo Kano in 2014. Bitflyer also extended its company in the 42 states of USA. Bitflyer supports Bitcoin in the USA but Japanese users can trade Bitcoin cash, Ethereum, Ethereum Classic, Litecoin, and MonaCoin. If we talk about its flat pairs it only supports USD, Euro, and Yen.
Features of Bitflyer Crypto exchange:

  • USA citizen can only Buy, sell, and exchange bitcoin through this Crypto exchange.
  • The trading fee can vary between 0-0.15%
  • It accepts Wire transfer, Credit card, Bank transfer, Cryptocurrency.

7. Bitfinex:

Bitfinex is a digital currency exchange from Hong Kong. This Cryptocurrency exchange was founded in 2012 by the two people named Giancarlo Devasini, and Raphael Nicolle. In 2015 the Bitfinex customer account was hacked which resulted in the loss of $400000. But again in 2016, the same thing happened, again 73 million USD was stolen from the customer account. This virtual currency exchange support USD, and Euro as flat Pairs. Bitfinex support Bitcoin, Bitcoin Cash, Dash, Ethereum Classic, Ethereum, EOS, SPANK, Monero, Ripple, and many other cryptocurrencies.
Features of Bitfinex Crypto exchange:

  • Deposit methods of this Crypto exchange are Wire transfer and Cryptocurrencies.
  • This digital currency exchange is also supported by a mobile application.

8. CEX.IO:

CEX.IO is one of the popular Cryptocurrency exchange in the world. CEX.IO is a London based digital currency exchange which was founded in 2013 and the founder of this Crypto exchange is Oleksandr Lutskevych. This virtual currency exchange offers trading Cryptocurrency for flat money like the American dollar, Euro, Pound, and Russian Ruble. CEX.IO Cryptocurrency exchange support Bitcoin, Ripple, Ether, Dash, Zcash, Bitcoin Gold, Bitcoin Cash, and Stellar Cryptocurrencies.
Features of CEX.IO Crypto exchange:

  • CEX.IO Cryptocurrency exchange accept various deposit methods such as Credit Card, Cryptocurrency, Debit Card, Bank Transfer, and SWIFT CODE.
  • The fees rate of CEX.IO is very high, it charges 7% transaction fee while buying and selling bitcoin.
  • CEX.IO is not available mainly in Asian countries like Afghanistan, Vietnam, Iraq, and so on.

9. LBank:

LBank is another Cryptocurrency exchange whose service is mainly centered in China. This digital currency was founded in 2016 by the core team from the traditional financial industry. It supports the flat money transaction in the American dollar and Chinese Yuan. It allows users to exchange Bitcoin, Ethereum, Qtum, Zcash, and also offers VEN’s digital exchange service.
Features of LBank Crypto exchange:

  • LBank is one of the largest Cryptocurrency exchange in China.
  • LBank is world seventh biggest Crypto exchange according to trade volume.

10. Okex:

Okex is a Hong Kong based Cryptocurrency exchange which was founded in 2014 and the founder of this digital currency exchange is Star Xu. Okex allows users to exchange Bitcoin, Ethereum, and Futures trading Pairs. In 2018 there are 675 employees working in this industry and it is available worldwide.
Features of Okex Crypto exchange:

  • Okex is one of the largest Cryptocurrency exchange in terms of trade volume.
  • Okex is focused on trading Cryptocurrency and flat backed tokens.

Trade Volume:
Now let’s know more closely about the trade volume of the above 10 Crypto exchange:

Therefore, from the above data, we can know the markets, 24-hour trades, 24 hours volume, and the market share of each Crypto exchange. Above given data keeps on changing in every minute. This is the data of October 14, 9:13 AM GMT.
In a conclusion, Crypto exchange is simply a website which helps to trade cryptocurrencies. It will help to exchange, buy or sell Cryptocurrency for other virtual currency, it even deal with physical currency. There are several Crypto exchange available in the Cryptocurrency world, one must have to do a detailed investigation before trading cryptocurrencies. We hope this article provided you a great knowledge.
【References】

FinTEK NEWS

CryptoCoinCharts

BitcoinExchangeGuide

Finder

What is Stellar? Detail Explanation for Beginners

The stellar network was founded in early 2014 by Jed McCaleb, the co-founder of Ripple, and Joyce Kim.
The system was founded when McCaleb got into philosophical differences with the rest of the Ripple board. Earlier, McCaleb created the first bitcoin exchange-Mt. Gox, a Tokyo based Bitcoin exchange that was handling over 70% of all Bitcoin transactions in 2014. He also developed a decentralized, server-based, peer-to-peer file sharing system called eDonkey. It can thus be seen that he has vast experience with managing blockchain projects.
The Stellar Development Foundation (SDF), is a registered non-profit organization incorporated in Delaware. It was created in collaboration with the CEO of Stripe, Patrick Collison to support the network. The WordPress founder Matt Mullenweg, AngelList CEO Naval Ravikat, the Y Combinator president Sam Altman and Keith Rabois, a technology entrepreneur and investor, comprise the advisory board of the network. The SDF’s funding comes from the initial creation of the Stellar Lumens. The foundation controls 5% of all Lumens.
While Ripple is concentrated on providing solutions to banks, Stellar aims to provide an open platform for building financial products that connect people everywhere using blockchain technology. Nonetheless, Stellar is seen to share many similarities with Ripple since it was formed by the same person behind Ripple as explained earlier. Ripple is also said to be the third’s biggest cryptocurrency according to the market capitalization.
Stellar’s performance
The tokens used in this network are called Stellar Lumens also referred to as XLM, which is its ticker symbol. A transaction using Lumens costs 0.0001 XLM, which is said to be a fraction of a penny. Currently, there are about 20 billion coins in circulation. This is a huge figure compared to Bitcoin’s maximum of 21,000,000. Initially, 100 billion lumens were created, and the Stellar Development Foundation holds the remaining supply.
The stellar network was among the cryptocurrencies platforms which made headlines last year. The price of Stellar’s cryptocurrency, Lumens had risen 41,900 percent, making it one of the best performing cryptocurrencies of that year.  The cryptocurrency has obtained gains of about 5.26% since the start of 2018. Today, XLM has a market cap of $7.5 billion, making it listed in the top 10 cryptocurrencies worldwide by the total market cap. Although it’s market cap has been to have skyrocketed over the years, there are concerns that the crypto “does not command volumes in the daily trading charts.”
The Stellar consensus protocol (SCP)
The Stellar servers communicate and sync with each other to ensure that transactions are valid and get applied successfully to the global ledger, thus forming a global value exchange network. For payment directly by Stellar, users must work with a network anchor, which is a trusted intermediary that holds and converts funds. Fiat is exchanged for digital credit either in the form of dollars or euros then sent to another anchor that is trusted by the receiving party.
For example, if you would like to send $10 to a friend on the network, a list of trusted servers (anchors) will begin the process to agree on the validity of your $10 payment. The majority of these servers will have to admit that you do own $10 worth of credit on the network before they mark the transaction as valid.
Transactions via the network are speedy- they take less than 6 seconds to be settled.
Stellar’s decentralized network
One can use the decentralized network to trade anything held by Stellar’s system of anchors. You can, therefore, buy and sell everything through the Stellar market including both fiat and cryptocurrencies.
The network has decentralized servers around the world that run a public ledger. You can think of the decentralized ledger as a database that can store more than just account balances and payments. Just like the blockchain systems, the ledger is publicly available and keeps a record of every single transaction. The servers pass information between each other to verify transactions and update the ledger simultaneously.
Stellar’s decentralized exchange system is more of the decentralized version of trades such as GDAX, Bittrex, and Finance; platforms which allow you to buy XLM directly using fiat currency. You’ve got to sell orders, purchase orders and order matchmaking. Coming up with such a platform which is open source and decentralized creates equal access and economic participation.
Since the network allows sending, receiving and trading of anything or kind of currency, buying and selling Lumen is quite easy. However, unlike fiat, you cannot hold Lumen in your hands; thus, one requires a Lumen wallet to store your Lumen. There three different categories of Lumen wallets available. They include desktop XLM wallets, mobile wallets, and online XLM wallets.
Institutions that have partnered with the network
Generally, the Stellar network has been seen to be competitive with other cryptocurrencies on many levels. Major companies such as IBM have been seen to partner with the organization in the launching of blockchain banking across multiple countries. The partnership aims at setting up numerous corridors (up to 60% of all cross-border payments) among nations in the South Pacific including countries like Australia, Fiji, and Tonga. This partnership brought the network into the spotlight, opening doors for more partnerships with other companies. Moreover, Jesse Lund, the head of Blockchain solutions and Global Finance services at IBM confirmed that “…Stellar is a wonderful, scalable, high performance publicly accessible digital asset registry.”
Deloitte also had earlier announced it’s partnership with the network back in 2016 to develop a payment app. McCaleb, the co-founder of the system, confirmed that more than 30 banks have signed up to use Stellar’s protocol for cross-border transfers. As from 2017, a good number of banks, financial institutions and countries have signed up to use the Stellar protocol in some capacity. Other partners include Stripe, SatoshiPay, Lightyear.io among others.
 
In Conclusion
Stellar is similar to Ripple in its ability to attract significant financial institutions. However, Stellar is an open source platform while Ripple is a closed one. The network also focuses on developing markets and has multiple use cases for its technology, including money remittance and bank loan distribution to the unbanked.
Stellar has its unique features such as the consensus protocol and its built-in decentralized exchange as seen earlier. The network’s growth since it’s inception is admirable.
The stellar network as a financial payment platform enables one to move money across borders: quickly, more reliably and at a relatively low fee (i.e., the fraction of a penny) using Stellar lumens.

 
【Reference】
Blockgeeks
Stellar Homepage

Cryptocurrencyfacts

cryptodigestnews.com

 
 

What is Ethereum?

At its most straightforward, Ethereum is an open programming stage dependent on blockchain innovation that empowers designers to fabricate and send decentralized applications.

Is Ethereum similar to Bitcoin?

Like Bitcoin, Ethereum is a dispersed open blockchain organize. In spite of the fact that there are some noteworthy specialized contrasts between the two, the most vital qualification to note is that Bitcoin and Ethereum vary significantly in reason and ability. Bitcoin offers one specific use of blockchain innovation, a distributed electronic money framework that empowers online Bitcoin installments. While the Bitcoin blockchain is utilized to track responsibility for money (bitcoins), the Ethereum blockchain centers around running the programming code of any decentralized application.
In the Ethereum blockchain, rather than digging for bitcoin, mineworkers work to gain Ether, a kind of crypto token that fills the system. Past a tradeable digital money, Ether is likewise utilized by application designers to pay for exchange expenses and administrations on the Ethereum arrange.
There is a second sort of token that is utilized to pay diggers expenses for incorporating exchanges in their square, it is called gas, and each shrewd contract execution requires a specific measure of gas to be sent alongside it to allure excavators to place it in the blockchain.

The Ethereum Virtual Machine

Prior to the formation of Ethereum, blockchain applications were intended to complete an exceptionally restricted arrangement of tasks. Bitcoin and different cryptographic forms of money, for instance, were produced solely to work as shared advanced monetary standards.
Designers confronted an issue. Either extend the arrangement of capacities offered by Bitcoin and different sorts of utilizations, or, in other words and tedious, or build up another blockchain application and an altogether new stage too. Perceiving this quandary, Ethereum’s maker, Vitalik Buterin built up another methodology.
Ethereum’s center development, the Ethereum Virtual Machine (EVM) is a Turing complete programming that keeps running on the Ethereum organize. It empowers anybody to run any program, paying little respect to the programming dialect given enough time and memory. The Ethereum Virtual Machine makes the way toward making blockchain applications considerably less demanding and effective than any time in recent memory. Rather than building an altogether unique blockchain for each new application, Ethereum empowers the advancement of conceivably a great many diverse applications all on one stage.

Ethereum Plasma

Contracts. The main idea behind Plasma is to provide a model that enables the execution of off-chain transactions while relying on the underlying ethereum blockchain to ground its security. The design of Plasma borrows some of the ideas from the Lightning Network but it expands the concept by allowing for the creation of “child” blockchains attached to the “main” Ethereum blockchain.

What can Ethereum be used for?

Ethereum empowers designers to assemble and convey decentralized applications. A decentralized application or Dapp fill some specific need to its clients. Bitcoin, for instance, is a Dapp that furnishes its clients with a shared electronic money framework that empowers online Bitcoin installments. Since decentralized applications are comprised of code that keeps running on a blockchain organize, they are not controlled by any individual or focal substance.
Any administrations that are brought together can be decentralized utilizing Ethereum. Consider all the go-between administrations that exist crosswise over several distinct enterprises. From clear administrations like credits given by banks to go-between administrations once in a while pondered by the vast majority like title vaults, casting a ballot framework, administrative consistence and significantly more.
Ethereum can likewise be utilized to assemble Decentralized Autonomous Organizations (DAO). A DAO is completely self-sufficient, decentralized association with no single pioneer. DAO’s are controlled by programming code, on a gathering of savvy contracts composed on the Ethereum blockchain. The code is intended to supplant the standards and structure of a conventional association, taking out the requirement for individuals and unified control. A DAO is claimed by everybody who buys tokens, yet rather than every token comparing to value shares and proprietorship, tokens go about as commitments that give individuals casting a ballot rights.
Ethereum is likewise being utilized as a stage to dispatch different digital currencies. In light of the ERC20 token standard characterized by the Ethereum Foundation, different designers can issue their very own renditions of this token and raise assets with an underlying coin offering (ICO). In this gathering pledges procedure, the guarantors of the token set a sum they need to raise, offer it in a crowdsale, and get Ether in return. Billions of dollars have been raised by ICOs on the Ethereum stage over the most recent two years, and a standout amongst the most important cryptographic forms of money on the planet, EOS, is an ERC20 token.
Ethereum has as of late made another standard called the ERC721 token for following one of a kind computerized resources. One of the greatest utilize cases as of now for such tokens are computerized collectibles, as the foundation takes into account individuals to demonstrate responsibility for advanced products. Numerous diversions are at present being constructed utilizing this innovation, for example, the medium-term hit CryptoKitties, an amusement where you can gather and breed advanced felines.

What are the benefits of Ethereum decentralized Platform?

Since decentralized applications keep running on the blockchain, they advantage from the majority of its properties.

  • Immutability – An outsider can’t roll out any improvements to information.
  • Debasement and carefully designed – Apps depend on a system conformed to the standard of accord, making restriction outlandish.
  • Secure – With no essential issue of disappointment and anchored utilizing cryptography, applications are very much ensured against hacking assaults and fake exercises.
  • Zero downtime – Apps never go down and can never be turned off.

What’s the downside of decentralized applications?

Regardless of bringing various advantages, decentralized applications aren’t flawless. Since brilliant contract code is composed by people, shrewd contracts are just in the same class as the general population who keep in touch with them. Code bugs or oversights can prompt unintended unfavorable moves being made. On the off chance that a slip-up in the code gets misused, there is no proficient manner by which an assault or abuse can be ceased other than acquiring a system accord and revamping the fundamental code. This conflicts with the pith of the blockchain which is intended to be changeless. Likewise, any move made by a focal gathering brings up significant issues about the decentralized idea of an application.

【Reference】
bravenewcoin
Ethereum Proof Of Stake (PoS) How It Will Work.

What is Cryptocurrency? Detail explanation for beginners.

Cryptocurrency is a computerized or virtual cash anticipated to work as a mode of exchange.
It uses cryptocurrency to anchor and ensure trade and moreover to organize the production of new units of a specific digital money. Mainly, cryptocurrency forms of money are controlled passages in a database that no one can change apart from if any meticulous laws are pleased.
Invented by the anonymous person with the pseudonym Satoshi Nakamoto in 2008 in the form of a mathematical publication, cryptocurrency is based around a public ledger. This takes the form of a completely visible list of all the transactions ever made by anyone with a cryptocurrency wallet (an app to trade the digital currency). This public ledger, known as the “blockchain” is similar to your own bank statement, it chronologically lists all transactions although, in this instance, completely anonymously. Using online market places such as ig.com and etoro.com you can buy and sell cryptocurrencies for conventional currencies, but the peer-to-peer transaction takes place using the app (many of which are available for Android and iOS users). Now the immediate question most of us ask is how can one trust the system and be sure that no transactions are missed or fraudulent?
There are two main answers to this, one of which is highly complex and beyond the remit of this article. Firstly, everyone who has a cryptocurrency wallet keeps a copy of the ledger so that compatibility is checked after each transaction. Additionally, a specific sender key (a string of code) is created for each transaction to validate the amount and to whom it is addressed.
Secondly, there is an incentive system of paying individuals (known as miners), or rather their computers, to solve a mathematical puzzle and adding the transaction (or block) to the blockchain – any further dive into how this works is beyond what my A level in extended maths allows me to explain.
But what can I buy with cryptocurrency?
The simple answer is almost anything! From takeaways to plane tickets it can all be purchased with this cryptocurrency. Although far from completely mainstream, more and more e-tailers, not least in developing countries, accept them. Unfortunately, due to the anonymity of the currency people also use it to buy illegal substances and weaponry, which is the main and relatively glaring negative opposing the technological advantages.
For those not interested in cryptocurrency as a practical replacement of real money, many have used it as an investment vehicle (seeing that cryptocurrency’s value has grown from 5 US cents to $3,733 as of today). The Financial Times even recently reported some 68 “Crypto hedge funds” being established in recent years.
Why is it important to know something about it?
In short, cryptocurrency has explained that how technology can vitally upset our current pecuniary system of notes, coins, private and govt banks.
Recently, we have go through a technology that have a enormous authority on transaction through contactless and mobile payments along with online banking in general which has greatly simplified the way we run banking errands on a daily basis. However, none of these inventions and technologies have structurally changed our banking systems on a more fundamental level; they have rather been horizontal improvements on the centuries old set ups. Cryptocurrency, on the other hand, is something completely new.

What can you do with cryptocurrency

Before, attempting to discover a shipper that acknowledges digital money was amazingly complex, if certainly feasible. Nowadays, be that as it may, the circumstance is totally extraordinary.
There are a great deal of traders – both on the web and offline- that acknowledge cryptocurrency as medium of installment. They run from monstrous web stores like Overstock and Newegg to little neighborhood shops, bars and eateries. cryptocurrency can be utilized to pay for lodgings, flights, jewelery, applications, PC parts and even an advanced education or like semester fees.
At last, there are commercial centers like Bitify and OpenBazaar that just acknowledge digital forms of money.

Invest

Numerous individuals think that digital forms of money are the most sizzling speculation opportunity as of now accessible. Surely, there are numerous accounts of individuals getting to be moguls through their cryptocurrency ventures. Bitcoin is ultimately conspicuous computerized money till now, and simply a twelve months ago each BTC was esteemed at $800. In Nov 17, the cost of each Bitcoin surpassed $7,000.
While it’s anything but difficult to purchase Bitcoins – there are various trades in presence that exchange BTC – different digital currencies aren’t as simple to secure. In spite of the fact that, this circumstance is gradually enhancing with real trades like Kraken, BitFinex, BitStamp & numerous many beginning to offer Litecoin, Ethereum, Monero, Ripple et cetera. Additionally, there are couple of many distinctive methods for being coin, for example, you may exchange up close and personal with a merchant or utilize a Bitcoin ATM.

Mine

Minners are the absolute most critical piece of any digital currency system, and much like exchanging, mining is a venture. Basically, excavators are giving an accounting administration to their particular networks. They contribute their processing capacity to understanding confounded cryptographic riddles, or, in other words affirm an exchange and record it in a dispersed open record called the Blockchain.

Legality of cryptocurrencies

As digital currencies are winding up increasingly standard, law requirement organizations, assess experts and legitimate controllers worldwide are attempting to comprehend the specific idea of coins and where precisely each adjust in available directions & lawful systems.
By the presentation of Bitcoin, the initial historically speaking cryptographic money, a totally new worldview was made. Decentralized, self-supported advanced monetary standards which does not exist in hard foam or frame & have not organize by any solitary element were constantly able to cause a clamour between the controllers.
Most normal digital forms of money•       Bitcoin — The primary coin who initiated this all.

  •          Ethereum — A Turing-finish programmable cash which gives experts a chance to manufacture diverse dispersed applications and innovations which will not function alongwith Bitcoin.
  •          Ripple — Not like all digital currencies, it did not utilize a Blockchain with the end goal to achieve a system wide accord for exchanges.
  •          Bitcoin Cash — Type of Bitcoin which is remain best in Bitcoin mining organization & a producer of ASICs Bitcoin mining chips. It remain available for several weeks or months yet has just taken off to the best five digital forms of money as far as market top.
  •          Litecoin — A cryptographic money which was made with an expectation with the ‘computerized silver’ contrasted with Bitcoin’s ‘advanced gold.’ It is likewise a kind of Bitcoin, yet dissimilar to its ancestor, it can produce squares four times quicker and have four times the greatest number of coins at 84 mln.
  •          Monero — A digital money along with commercial exchanges capacities & a standout amongst the largely dynamic networks, or, in other words its open and protection centered beliefs.

How to store

Not at all like most customary monetary standards, cryptocurrency forms of money are computerized, which involves a totally extraordinary methodology, especially with regards to putting away it. In fact, you did not stock up your units of digital money; rather it’s the secret credentials which you use to login for exchanges which should be safely put away.
Here are a few distinct sorts of digital currency wallets that provide food for various requirements. In the event that your need is security, you should need to decide on a paper or an equipment wallet. These must be most safe methods for putting away your crypto reserves. There are likewise ‘chilly’ (disconnected) wallets that are put away on your disk and online drives, that may be any a partnered along with trades or among autonomous stages.

How to buy

There are a variety of choices with regards to purchasing Bitcoins. For instance, there are at present right around 1,800 Bitcoin ATMs in 58 nations. In addition, you may have purchase BTC utilizing award vouchers, digital money trades, speculation trusts and you can even exchange up close and personal.
With regards to other, less famous digital forms of money, the purchasing choices aren’t as various. In any case, there are as yet various trades where you can procure different crypto-coins for level monetary forms or Bitcoins. Up close and personal exchanging is additionally a well known method for getting coins. Purchasing choices rely upon specific digital forms of money, their prevalence and also your area.
More broadly, I personally think it’s a kick in the back for the tech development departments of our high street banks although the technology is not mature or mainstream enough (yet) to directly compete with them. On the other hand, some people are more pessimistic about cryptocurrencies and cryptocurrencies in particular. Most notably is perhaps Jamie Dimon, the JPMorgan boss, who has had a long campaign comparing the cryptocurrency craze to tulipmania ­– the explosion of price of tulips in the 1600’s Netherlands which eventually led to a burst bubble. However, others contest that there are clearly more useful aspects of cryptocurrencies compared to those of Dutch flowers.
There are enough websites and opinionated experts out there to provide sufficient information to make your own judgement call. Either way, the dinner party prediction stands that cryptocurrencies are worth keeping a close eye on.
 

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Detail explanation of bitcoin with lighting network

Hello world, as we are in the 21st century we have seen much developments in science and technology.
Even our currency became digitalized. Cryptocurrency is one simple example of that.  Cryptocurrency is a digital currency which allows you to buy goods and services or simply we can say it is a medium of exchange.
Cryptocurrency is a virtual currency or alternative currency which have no physical existence but it is present in a digital form and helps to facilitate the financial transaction by using a very strong cryptography.
In today’s context, there are several crypto coins available in the Cryptocurrency world but the first Cryptocurrency was Bitcoin. Some of the Cryptocurrencies present in the Cryptocurrency world are highlighted below:

  1. Bitcoin
  2. Zcash
  3. Ethereum
  4. Ripple
  5. Dash

 

What is Bitcoin?


Bitcoin is a digital currency or a virtual currency which was the first decentralized Cryptocurrency which was created in 2009 by a Japanese citizen named Satoshi Nakamoto.
Simply, Bitcoin is an electronic currency which facilitates the financial transaction easily and smoothly. Bitcoin can be easily sent to any user on the peer-to-peer Bitcoin network and there is no any need or importance of intermediaries.
You don’t need any payment gateway or banking institution to transfer bitcoin from one user to another, it is all done electronically.  Bitcoin is one of the most popular Cryptocurrency in the world which have no any physical existence, it is simply produced or originated by the computer through a software.
For example: If you want to purchase any goods or services and the owner of goods or services agreed to accept bitcoin then you can pay this Cryptocurrency electronically, it does not need any banking institution or payment gateway. It is beyond the control of any institution.

What’s the difference between Bitcoin and the physical currency or traditional currency?


Everyone is curious to know the difference between the Bitcoin and the physical currency. So, the major difference between them are highlighted below:

 No any control:

As traditional or physical currency is controlled by the financial institution but bitcoin is beyond the control of any institutions. Bitcoin is decentralized and it does not need any intermediaries to transfer it from one user to other. It is all done electronically on the peer-to-peer Bitcoin network.

Identity verification:

In a traditional payment system the identity of the users is verified by the banking institutions. But in the case of Bitcoin user’s identity are not verified as it is decentralized and there are no any validators to verify. This is one of the main reason which made some of the countries of the world to make it illegal.

Immutability:

Another main difference between bitcoin and traditional currency is immutability. In a transaction of physical currency or traditional currency the amount transferred can be reversed but in the case of bitcoin, the amount transferred cannot be reversed. As it is not controlled by any institutions and the transaction process is done electronically. So it is quite impossible to reverse money but it has an escrow service which will make the financial transaction safer, easier, and more convenient for both parties.
Thus, above mentioned three points are the major difference between the bitcoin and the physical currency.

What is Lightning Network?


Scalability is one of the most challenging problems of bitcoin and of other cryptocurrencies.
Previously bitcoin was only able to transact 7 transaction per second which was good at that time but in the present scenario, it is not sufficient so to overcome from this problem Lightning Network is developed or created.
Lightning Network is a network which helps to facilitate a financial transaction at a lightning speed.  The Lightning Network is simply a payment channel which records its opening in the blockchain, it helps users to transact at a very high speed. The Lightning Network has solved the scalability problems of bitcoin and other Cryptocurrencies.
At first Lightning, Network was developed for use on bitcoin but in today’s context, lots of other cryptocurrencies like Litecon, Zcash, and Ripples are planning to implement it to solve the scalability problems.

How the Lightning Network works?

Lightning Network works by simply creating a second layer on the bitcoin blockchain which has multiple payment channels between bitcoin users.
So from this payment channels, the users can easily conduct a financial transaction easily, smoothly, and at a very high speed, it may take milliseconds to seconds.

Plasma of Ethereum:

Plasma of Ethereum is very much similar to the Lightning Network.
The developers of Plasma are Vitalik Buterin and Joseph Poon. They both developed Plasma to facilitate the smooth financial transaction. Plasma of Ethereum helps users to purchase tokens, cryptocurrencies, and the real goods and services at a very high speed.
One of the major similarities between Lightning Network and Plasma of Ethereum is that in both frameworks users do not need to identify or know or trust the other users to whom they are transacting, we can say that both are trustless networks. Plasma of Ethereum also plays a vital role in solving the scalability problems same as a Lightning Network.

What’s the difference between these two Frameworks?


So this is one of the most emerging questions in the crypto world. Everyone is curious to know the difference between these two frameworks. So below are some points which can differentiate Plasma of Ethereum and Lightning Network:

  1. The Lightning Network is developed or originated for moving transaction whereas Plasma of Ethereum is originated for moving computation.
  2.  Another difference between them is that Lightning Network facilitates a recurrent transaction between the same parties whereas Plasma of Ethereum is not limited to that. It’s literally BlockChains which helps to do transaction between other address too.
  3. In terms of speed, Plasma is very much superior to the Lightning Network. It is instantaneous that means confirmation is not necessary for Plasma of Ethereum.
  4. Another simple difference between these two is that Lightning Network is mainly developed to solve the scalability problems of Bitcoin blockchain and Plasma of Ethereum is developed to solve the scalability problems of Ethereum blockchain.

Therefore, above-mentioned points are some differences between the Plasma of Ethereum and Lightning Network.

Conclusion

In a conclusion, Bitcoin is a world most popular and world first virtual currency which helps users to do financial transaction electronically.
Both Lightning Network and Plasma are similar to each other, they both are developed to solve the problem of scalability of the Cryptocurrencies. However, there are some points which differentiate both of them and we have already discussed them in the above paragraph.

【Reference】
Lightning Network
Could someone explain the difference between the lightning network and plasma?
Plasma: An Innovative Framework to Scale Ethereum

Simple Guide for EOS

EOS is Ethereum Operating System, is a blockchain controlled system.
A decentralized system that allows hosting, development and execution of commercial decentralized applications. To understand EOS, one has to understand blockchain and its essence in enabling the functionality and efficiency of EOS.

What is Blockchain?


A blockchain is simply a digital ledger that cannot be tempered with and is programmed to record not only financial transactions, but virtually any data of value.
One of the unique characteristics of a blockchain is that it constantly reconciles its database and does not store data in one single location which therefore hard to corrupt the data.

Structure of EOS

Image source(url: https://steemit.com)

EOS comprises of two key elements;

  1. EOS.IO
  2. EOS token

EOS.IO

The EOS.IO is the operating system of the EOS blockchain and enables the decentralized scaling of applications. EOS.IO helps developers to come up with blockchain related applications focusing on decentralized applications, smart contracts and autonomous corporations.
Smart contracts refer to self-executing agreements between seller and a buyer being directly recorded into lines of code. Smart contracts allow trusted agreements and transactions to take place among disparate and unknown parties without the need of legal system external enforcement mechanism or legal system. They make the transactions transparent, traceable, and irreversible.

EOS token

EOS token is on the hand the cryptocurrency of the EOS network.
EOS alleviates shortcomings with scale while improving the experience of the user when dealing with Ethereum applications. This aids easy execution of small contracts which then enables new types of applications to be built. Lowering or eliminating time associated with executing coding on Ethereum, amounts to valuable market opportunity which has made Ethereum one of the best cryptocurrencies in market capitalization (Seth, 2018).

Aim of EOS


There are already several blockchain based networks existing like Ethereum, which enables decentralized application.
EOS focuses on the solving the limitations of other networks. Its aim is to solve the limitations by;

  • Fixing the problem of scaling by providing an alternative network that can withstand millions of transactions in a split second
  • It generates a developer friendly platform for building a new, fast Ethereum decentralized applications.
  • It is developed in part by Dan Larimer, who has worked on other successful blockchain projects including Bitshares and Steemit.
  • The EOS token itself is only required for the registration of new applications. Its demand is based solely on the need for EOS, which grows as more products are built on top of the Ethereum blockchain

EOS tries to address the following shortcomings by providing more scalability, usability and flexibility through its unique mechanism.
EOS enables flexibility by promoting free usage by the user which is simply eliminating transaction charges and allowing developers to utilize the network in proportion to their stake; peer-to-peer transaction model. EOS uses proof of stake concept which enables flexibility constant high level decisions.
Proof of work is the validation of work that has taken place and providing prove that it has taken place it mostly followed by bitcoin to authenticate that the chain is effective. Proof of stake on the other is an alternative means of validating and verifying a block or transactions . This type of process eliminates challenges experienced in proof of work and is believed to be advantageous in the way that;

  • There is no need for costly hardware as a computer will come up with the figures as long its online
  • It is power efficient as there is no much electricity consumption
  • The validators are loyal and more likely to give accurate results
  • It gives fast validations than PoW in general

Price trend of EOS


The highest price was recoded as 21.46$ in the end of April in 2018. This coin has much bigger volatility because the trading volume is still very small.
Right now EOS price is 5.25$. Compared to the price last year, it has been already 5 times. We can expect the growth of price more if the project can implement more attractive projects.

【参考】
EOS Homepage
[EOS Go Block Producer Report] EOS NodeOne