The phrase “payment transfer system” sounds so technical, but it’s really just a way for one individual to make a payment to another individual or entity.
Imagine you’re living overseas and want to send some of your wages back to your home country. How do you accomplish this? Why through some payment transfer system of course.
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.
Initial coin offerings (ICOs for short) have become one of the most widely used crowdfunding methods, allowing for ridiculous amounts of money to be collected sometimes in less than a day.
According to statistics published by icodata.io they are a multi-billion dollar industry, with over $6.1 billion raised in 873 ICOs during 2017.
Continue reading An Ethical Approach for Crypto Projects and ICOs
Bitcoin began a revolution in decentralization and transparency, and will always be remembered for creating massive wealth for early adopters. While Bitcoin still dominates cryptocurrency markets, with a bit over 50% of the total market capitalization of all cryptocurrencies being in Bitcoin, there have been signs that it might be losing its tight grip as the top gaining cryptocurrency.
Continue reading What’s the next Bitcoin? 5 Cryptocurrencies to Keep an Eye On
The exponential growth of the cryptocurrency industry automatically translates to an increasing number of solution providers that are attached to this sector.
While this promises the existence of new businesses and in turn better solutions for the end users, it also means a more saturated space for said startups, who find themselves in a highly competitive environment. Anything they do could be easily outshone by the next provider, making their own growth a very difficult feat to achieve.
It’s 2018, and Bitcoin has been around for almost a decade. By now you’ve probably heard of the famous decentralized, peer-to-peer, electronic cash system — and if you haven’t, read our beginner’s guide before you go any further.
A blockchain oracle is designed to provide smart contracts on blockchains with data from an outside, or third-party source. Because smart contracts are simply self-executing code they take the data from the oracle and evaluate it before adding it to their execution flow where appropriate. This is intended to give smart contracts an increased flexibility and utility as they will be able to use third-party data seamlessly.
After RBI’s recent ban on the support of banks for cryptocurrency exchanges, Indian exchanges like WazirX and Koinex Loop which offer p2p trading quickly popped up.
Though they are doing fairly well and at least allowing investors to trade in a less efficient way, Zebpay has not made any move so far.
Continue reading Here’s why Zebpay is not launching their P2P portal like Koinex
If you’re just getting into cryptocurrency trading, or even if you’re highly experienced, there’s no doubt you could be overwhelmed by the over 1,600 digital currencies and more than 200 exchanges you can trade them on. And while there are similarities, each exchange is different. The one similarity that does distinguish the exchanges though is whether they are centralized exchanges or decentralized exchanges.
Continue reading Centralized and Decentralized Cryptocurrency Exchanges
By far the most popular way to date to fund new blockchain projects has been the initial coin offering (ICO). It’s so popular that in 2017 nearly $4 billion was raised through ICOs, but so far in the first half of 2018 (through June 30, 2018) over $12 billion has been raised through ICOs. The problem with the ICO process is that it is fraught with hackers, frauds and mediocre projects.
