Whether you’re a serious investor or simply a cryptocurrency enthusiast, you should know more about hardware wallets other than the fact that “they are used to store coins” — simply because that’s what a five-year-old child would say. So, in an effort to compile an easy-to-read overview of hardware wallets, we bring you this article.
In June 2018, CryptoStrikers made cryptocurrency headlines when it was announced that it will be the first startup to be supported by Status Incubate, the startup assistance program by the Status blockchain.
But what is decentralization? It is not merely a concept that is confined to one sector, it applies to all aspects of life from policy making to economics. Decentralization is the elimination of a central party that has full control and access over a network.
While that was proven to be correct with multiple projects and decentralized applications (DApps) originating from Ethereum within a few months of its launch, not many could have seen it coming that those projects and DApps would themselves be able to serve the same purpose as Ethereum in the future, albeit for different sub-segments.
It is an established fact that the investments from initial coin offerings (ICOs) are known to be more popular and prominent in the blockchain community.
In fact, despite the many controversies and the numerous dead projects that have resulted from ICOs in the past, the number of ICOs conducted in 2018 so far has already surpassed the total number of ICOs conducted in the year of 2017.
The 2017 rise of the initial coin offering (ICO) enabled anyone with an entrepreneurial idea to create a token and invite people to invest in it. However, with cryptocurrency exchanges listing thousands of tokens, choosing where and when to invest often seems like an impossible task.
Hedge fund Tiger Global is reportedly eyeing a $500 million investment into San Francisco-based Coinbase, which could see the company reaching an $8 billion valuation, Recode reported on October 2.
The increase of investments in the cryptocurrency industry has paved the way for new business models to come forward. While most of them focus on ventures that cause investors to buy and hold more cryptocurrencies, some of them have been looking into the possibility of doing the opposite.
The notion of privacy is a prevalent force within the cryptocurrency community.
Whether someone is a seasoned trader or a new holder of cryptocurrencies, the right to keep their transactions private from the view of the entire blockchain and possibly from the extensive vision of the authorities is something that most users advocate for actively.
As wonderful as trading in cryptocurrency can be, there is some drawback as well.
It is a well-established notion that funds converted to cryptocurrencies are not as liquid as traditional assets.
And that is the problem which BitShares intends to solve.