Blockchain

5 Reasons to Consider Investing in Ethereum

While Bitcoin is the world’s largest and most popular cryptocurrency, investors should keep in mind that there are thousands of other cryptocurrencies to consider. The second-largest crypto by market cap is Ethereum (ETH), and its goal is to enable individuals to use digital money without the need for banks. It’s also programmable so it provides […]

The post 5 Reasons to Consider Investing in Ethereum appeared first on Bitcoin IRA | Official Bitcoin Retirement Account Investment.

Avatar

Published

on

While Bitcoin is the world’s largest and most popular cryptocurrency, investors should keep in mind that there are thousands of other cryptocurrencies to consider.

The second-largest crypto by market cap is Ethereum (ETH), and its goal is to enable individuals to use digital money without the need for banks. It’s also programmable so it provides a rich marketplace for financial services, games, and applications built on a sensor-less internet.

While ETH isn’t in the news as often as Bitcoin, that doesn’t mean it’s any less worthy of an investment.

In this article, we’ll discuss five reasons to consider investing in Ethereum for your portfolio. If you’re new to the crypto space, or you’re someone that is looking to invest in Ethereum, then some of these reasons might surprise you.

1. Ability to Earn Interest with Staking

Ethereum’s recent upgrade to Ethereum 2.0 has moved the platform to a proof-of-stake network.

This requires users to stake their Ethereum to the network to help validate transactions. For your services, you’ll earn ETH as rewards, similar to earning interest. The more you stake, the more you earn with current participants earning about 10% annual yield on their staked ETH as a reward. This will fluctuate slightly depending on the number of stakers currently on the network.

2. Robust Use Case

Ethereum is often described as “digital oil” by providing a technology that enables new applications to be built on top of it such as digital art, decentralized gaming, crowdfunding through Initial Coin Offerings (ICOs), Stablecoins, and more.

One of the biggest use cases has been decentralized finance (“DeFi”). DeFi allows seamless peer-to-peer borrowing and lending without middlemen, thus stripping out the costly and time-consuming traditional banks.

These collateralized loans are enabled through Ethereum’s powerful smart contracts and don’t require any background checks or lengthy borrower contracts to set up. It’s instant and the interest rates are generally far better for the lender and borrower. Over $20 Billion is locked in DeFi contracts today.

3. High-Growth Possibilities

Today, Ethereum’s transaction volumes are at record numbers, showing just how useful the network has become. Ethereum is also known as the “world computer” and its core philosophy is to provide disruptive peer-to-peer applications. If successful, its scope is rather endless, with the potential to power as many applications as the mind can create.

Also, Ethereum futures contracts will start trading on the CME exchange in February 2021. This highly regulated US-based exchange can enable new, large institutions to invest in the project that may not have to be comfortable doing so with current spot market exchanges.

4. Portfolio Diversification

Diversification is the concept of spreading your investments around so that your exposure to any single type of asset is limited. This practice is designed to help reduce the volatility and balance the risk and reward of your portfolio over time.

Cryptocurrencies can be seen as a diversification asset because they may provide a hedge against inflation due to the government’s increasing money supply and mounting debt. Even among cryptocurrencies, an individual can diversity further with Ethereum and other cryptos, such as Litecoin and Bitcoin.

5. The Place for Decentralized Finance (DeFi)

Decentralized finance is the act of removing traditional banking institutions between two parties and enabling direct, peer-to-peer financial transactions to occur.

Today, with DeFi, consumers can seamlessly lend and borrow loans peer-to-peer without middlemen. These collateralized loans are enabled through Ethereum’s powerful smart contracts and don’t require any background checks or lengthy borrower contracts to set up. It’s instant and the interest rates are generally far better for the lender and borrower without the middleman.

Investors interested in researching cryptocurrencies can also consider Bitcoin, Bitcoin Cash, and Litecoin.

Recommended article: What is Ethereum?

Source: https://bitcoinira.com/articles/5-reasons-to-consider-investing-in-ethereum

Blockchain

NextGen Blockchain Platforms Self-Organize to Win Government Contracts

Avatar

Published

on

Over the past year, blockchain development communities have turned their attention towards winning government contracts.

Washington, DC. There is a huge opportunity presented by increased government spending on blockchain projects. According to Bloomberg Government BGOV200 Report, federal government spending reached $597 Billion in 2019. However, since new businesses face barriers gaining direct access to government contracts, many have joined the Government Blockchain Association (GBA) to introduce their cutting-edge blockchain platforms to the public sector.

Traditionally government program managers choose to work with the same few legacy companies. For example, there are currently over 4.1 million US Federal government contractors but of the $597 billion in prime contracts awarded in FY19, the top 10 government contractors received $173.4 billion according to Bloomberg Government. However, the COVID-19 Global Pandemic was a catalyst that necessitated governments from around the world look at bold and innovative new ways to solve problems from a more diverse community.

In March of 2020 the US Department of Health and Human Services hosted a virtual Pandemic Response Hackathon. This hackathon idea completely changed the former process of government acquisitions. The slow pattern of the past was rewritten to adopt to the chaos, uncertainty, and urgency of COVID. Government contracts went from a centralized channel to open and decentralized solutions coming in from completely new sources. A new way of doing business was introduced to the world stage, and in November 2020 the Indian Ministry of Electronics and Information Technology (MeitY), National Informatics Centre (NIC) held their own up a GovTech Hackathon. Throughout 2020, countless examples of crowdsourcing solutions contested the traditional procurement processes.

Along with new paradigms in acquisitions, 2020 brought explosive growth of decentralized development communities and platforms. Decentralized communities operate on independently run servers, rather than on a centralized server owned by a business. Initially, most blockchain solutions were private-permissioned blockchains dominated by a single vendor. One of the most popular government blockchain solutions is Hyperledger Fabric. Though it is technically an open-source project, almost 80% of software changes to Hyperledger Fabric came from IBM, demonstrating an ongoing dependence on IBM to maintain the code.

Lately, next gen blockchain solution providers have been self-organizing into working groups and communities to compete in the contracts space. The largest and most engaged of these decentralized communities is the Government Blockchain Association, with members in over 500 Government Offices, thousands of public and private sector members in 120 Chapters, and more than 50 Working Groups, and 25 Communities of Interests. They also host regular online and in-person events to introduce blockchain solution providers to government officials, promoting this new diverse community.

Some of these next gen blockchain leaders include:

  • DragonChain – DragonChain is an enterprise and start-up-ready platform to build flexible and scalable blockchain applications. It has business-ready applications and developer-friendly integrations that support many applications including learning management systems, decentralized identity, and anti-fraud and compliance solutions.
  • NEM – A community that has developed two blockchains. They are NEM NIS1 and Symbol. NEM NIS1 is the original blockchain offering from NEM, created by the community, and optimized to be a developer’s sandbox. With zero downtime or major outages since 2015, NIS1 is the blockchain you can trust for all your project needs. Symbol is the next-generation enterprise-grade blockchain solution from NEM, purpose-built to help businesses cut costs, reduce complexities, and streamline innovation. With major upgrades in flexibility, security, speed and ease of use, the Symbol platform is the best-in-class blockchain enterprise solution.
  • Simba Chain – SIMBA Chain is a cloud-based, blockchain-as-a-service (BaaS) platform, enabling users across a variety of skill sets to implement decentralized applications (dapps). These apps allow secure, direct connections between users and providers, eliminating third parties. The easy-to-use platform is tailored for users, developers, government, and enterprises to quickly deploy blockchain dapps for iOS, Android, and the web.
  • TON Labs – TON Labs is the core developer of Free TON, comprised of a decentralized team focused on developing the infrastructure and free software for TON OS. TON OS is a full-fledged, vertically integrated technology stack that helps developers work easily with the blockchain and makes it simple and intuitive for users.

Decentralized blockchain projects include the Government Business Blockchain Platform (GBBP). This multi-blockchain platform allows solutions built on any blockchain to connect and become available to governments around the world. Sub-set eco-systems include Emergency Management, Healthcare Delivery, and Citizen Services. Blockchain applications can interconnect on the GBBP, providing identity management, logistics, asset management, payments, and many other blockchain services.

These examples demonstrate how blockchain providers are working together, self-organizing into decentralized entities to build public-facing blockchain solutions. GBA groups regularly host online meetings to discuss their projects. Anyone interested in joining the discussion can find out more on the GBA Events Calendar or Events List. Later this year the GBA will be bringing World-Class Leaders to Washington, DC for Government Blockchain Week on Sept 27 to Oct 1, 2021.

For more information attend a free online event called NextGen Blockchain Platforms on March 17, 2021 or send an email to support@GBAglobal.freshdesk.com.

Continue Reading

Blockchain

Bitcoin app Mode raises £6 million in oversubscribed placing

Avatar

Published

on

London Stock Exchange-listed Bitcoin app, Mode, has announced the completion of an over-subscribed placing arranged by Peterhouse Capital Limited, raising a total of £6 million.

Mode plans to use the capital to expand its offerings to the Asian market while also adding to its Bitcoin holdings.

In October, Mode revealed that its strategy was to put 10% of its treasury holdings into Bitcoin, which at the time was around $1 million.

Jonathan Rowland, Executive Chairman, commented: “As with the Mode offering at the time of our IPO last October, this placing was significantly oversubscribed.

“We are especially gratified that we have now attracted, as a result of this placing, a range of new institutional shareholders. These additional funds will also provide the Company with strong cash reserves to push forward our stated near-term strategic objectives.”

The objectives include launching a payments solution powered by Open Banking, developing a loyalty and reward engine, integrating new payment capabilities and expanding the business to Asia.

“The Company has been extremely busy since our October IPO, but shareholders can expect with these additional funds that we will now accelerate these ambitious and exciting development plans. Mode is in the right place, at the right time, and shareholders can confidently now look forward to exciting news in the near future.” Rowland added.

 For more news, guides and cryptocurrency analysis, click here.

Source: https://coinrivet.com/bitcoin-app-mode-raises-6-million-in-oversubscribed-placing/

Continue Reading

Blockchain

PlasmaPay launches decentralised exchange ‘PlasmaSwap’

Avatar

Published

on

Digital payment platform PlasmaPay has announced the launch of its decentralised exchange, aptly named PlasmaSwap, according to a press release shared with Coin Rivet.

The new DEX provides secure and liquid trading with a user interface that is designed for professional traders.

PlasmaSwap aims to fill a gap in the institutional trading market, with a fully decentralised implementation of limit orders, as well as removing the reliance on centralised order books.

Limit orders smart contracts will be interacting with Ethereum 2.0, and traders will be able to trade on swap without an ETH balance.  

Ilia Maksimenka, CEO of PlasmaPay said: “Existing decentralised exchanges lack the streamlined user experience and intuitive ease of use of their centralised counterparts. They also tend to lack liquidity for most trading pairs.

“The launch of PlasmaSwap is an evolutionary leap towards making this exciting technology a reality for professional traders and institutions looking to enter the DeFi space.

“In this constant flux, where new and improved technologies are being introduced and accepted rapidly, the advancements brought by PlasmaSwap decentralised exchange will accelerate the process of unifying the old and new financial paradigm.”

The platform will also feature a Flash Rebalancer tool that will balance liquidity for one trading pair in one transaction, giving traders the opportunity to benefit from arbitrage.

Arguably the most unique feature of the upcoming DEX is the integration with a fiat on/off ramp that will allow users to efficiently get in and out of digital asset exposure.

For more news, guides and cryptocurrency analysis, click here.

Source: https://coinrivet.com/plasmapay-launches-decentralised-exchange-plasmaswap/

Continue Reading

Blockchain

Ultimate Guides To Buy Bitcoins

Avatar

Published

on

 

This guide explains how to buy Bitcoin from anywhere in the world and connect you to payment options. In this article, you will learn how to buy Bitcoins with a service that allows you to invest in Bitcoins with sterling.

There are several options to buy Bitcoins and dollars on exchanges, but if you want to buy Bitcoin or other cryptocurrencies on the Exchange you choose, you have several platforms to choose from. You can also buy Bitcoins or other cryptocurrencies at any of your choice exchanges, such as Coinbase, Bitfinex, Mt. Gox and others.

Another way to buy Bitcoin and US dollars is to choose a platform that accepts bank transfers and deposits. By linking your bank account to your wallet, you can buy or sell Bitcoins and deposit money directly into your account. You can also use nairaex.com, a popular platform for buying Bitcoins by bank transfer and buying coins with a debit card or Paga.

You can also send Bitcoins to anyone who has Bitcoins in their wallet, receive Bitcoin money, and send them to other users. AbRA users can buy Bitcoins through the app, convert other assets into Bitcoins via Abras and then transfer them into an external Bitcoin wallet. You can use the AbaRra app to send Bitcoins to other Areas users and use it to buy Bitcoins, convert other assets into Bitcoins and convert them into AbrA ™ and then transfer them to external Bitcoin wallets.

If you want to buy Bitcoin in the US, you must first verify your identity on most exchanges. If you prefer to keep your Bitcoin transactions anonymous and not have the hassle of banking problems, or if you happen to live in another city, direct trading with a local seller would be an easy way to buy Bitcoins.

Most exchanges accept credit and debit cards, and these are generally the fastest way to buy Bitcoins. Once you have checked your ID, you can buy Bitcoins with a credit card or any other payment method.

Of course, buying bitcoins is fast and usually cheap, and you can buy them quickly and conveniently, but credit card providers earn money from currency spreads and fees. Bitcoins can be purchased with credit cards, debit cards or other payment methods as long as they are within the Bitcoin ecosystem, referring to the network of bitcoin exchanges, purses, exchanges and other exchanges worldwide.

That’s all you need to know about buying bitcoin and other cryptocurrencies with your iPhone. The easiest way to buy Bitcoin on the iPhone using the Coinbase app (or cash app) is probably the easiest of them all. Just download the Coinbase app and you can start buying and trading bitcoin.

Buying Bitcoin directly from Coinbase is as easy as buying something from Amazon, but Coinbase makes it much easier and more convenient than Amazon. You can buy and sell Bitcoins directly on Coinbase, which makes it incredibly easy to use, and you can also buy Bitcoin daily, making Coinbase one of the most popular Bitcoin exchanges in the world.

For 1 euro, it is possible to buy a whole BTC, but you don’t need to buy it with a credit card. You can also buy Bitcoins from other Bitcoin owners, just like an item on Craigslist. Some ATMs allow you to buy only Bitcoins, while others allow you to sell your Bitcoins and get cash in return.

If the price of a Bitcoin is $20,000 and The Bitcoin buyer has only 10 dollars to send or invest, the user can buy 10 Bitcoins. This means you can buy an entire Bitcoin, not just a BTC or even a single Bitcoin. Once you have bitcoin, you could buy a tablet-like Nano that stores bitcoin offline, away from hackers.

If you want to buy Bitcoin, it is strongly recommended that the Bitcoins you buy are not stored in the Exchange once purchased, but in a wallet created by the buyer. When you buy Bitcoins on most exchanges, you have the option to transfer your coins into a Bitcoin wallet. Once you have your wallet, you can buy Bitcoins on the Bitcoin exchanges through a bitcoin exchange that you interact with, such as Coinbase or Bitfinex.

If you are serious about buying and using Bitcoin, you may want to get your own BTC wallet, which you control and sit offline on a USB stick. When you buy your first Bitcoins or any other cryptocurrency, you should consider moving your money to a more secure wallet that is only yours to control.

It’s a bit like Bitcoin, but you’re transferring your holdings digitally, not digitally. The process of buying Bitcoins through PayPal is the same as buying them with a credit card. You need a credit card or bank account to make the payment and you transfer money from your wallet to your PayPal account.

To Buy Bitcoins

This guide explains how to buy bitcoin and how to finally buy your first bitcoin or start investing today. We have gathered information from over 300 cryptocurrency exchanges worldwide and created a quick guide to help you choose the best cryptocurrency exchange and a list of the best places to buy Bitcoins.

The first step is to choose a wallet or exchange provider, so we’ve chosen a place where you can buy and store your Bitcoins. If you have a Bitcoin wallet, you must exchange your bank account details before you choose another exchange, and if you choose another exchange, your credit card information.

By linking your bank account to your wallet, you can buy or sell Bitcoins and deposit money directly into your account. Once you have linked your bank account to your wallet, you can sell or buy Bitcoins or deposit the money directly into your account and keep it in a safe place.

However, buying Bitcoins through PayPal also has a downside: you can’t send them to others or move them into your wallet.

After setting up your Bitcoin wallet, you can go directly to a machine that functions essentially like a normal ATM. This machine allows users to buy and sell Bitcoins anonymously, but the potential problem is that you have to find the machine that does what you want, and the machines that do it are rare.

Bitcoins can be exchanged for cash, withdrawn or used to buy and sell Bitcoins. None of the best-known bitcoin exchanges on the market is currently, so I went through the process of buying bitcoins from the majority of the other companies mentioned on this list.

If you prefer to keep your Bitcoin transactions anonymous and not deal with banking problems, or if you happen to live in another city, direct trading with a local seller would be the easiest way to buy Bitcoins. To buy Bitcoin with cash on LocalBitcoins, you must travel to the seller and send the money.

Another option is to buy Bitcoins directly from the seller, who is likely to pay much more commission than elsewhere. Some ATMs allow you to buy only Bitcoins, while others allow you to sell your Bitcoins and get cash in return.

More experienced investors should consider this option, as it involves buying Bitcoins directly from a dedicated cryptocurrency exchange. Bitcoins can be exchanged for another cryptocurrency, BTC, which is equivalent to buying BTC. If the Exchange does not allow you to purchase BTC by bank transfer or credit card, you can pay BTC into the Exchange.

If you’re interested in buying bitcoin just to understand how it works, check out Coinbase Pro. While Coinbase alone allows you to buy and sell Bitcoin, it is important to log in to Coinbase before linking to the exchange platform, which gives you greater control over your purchases. Use your Coinbase account without logging in first and use it to log in first.

The price of Bitcoin is constantly changing, so your goal should be to buy Bitcoin at the cheapest price. But if you want to use this, you first need to know how to buy bitcoin and what to do with it if you have it.

This last step is the easiest, as you can link your Bitcoin wallet to the Bitcoin exchange of your choice and decide how much Bitcoin you want to buy. Since this is your first Bitcoin purchase, choose an amount that will not affect you if it falls to zero.

When you decide where to buy your Bitcoin, you pay a conversion fee that you must consider all currency things. If you transfer your Gbp to a stock exchange that trades only in US dollars, you will be charged conversion fees.

It is quicker and usually cheaper to buy Bitcoin using a payment method such as a cash app or cell phone. P2P exchanges facilitate this type of transaction, as is the case with the private purchase of Bitcoin by another person (LocalBitcoins).

Anyone buying Bitcoins from a Bitcoin ATM or privately buying them remains anonymous. If you bought Bitcoin in cash, the Bitcoin ecosystem, known as the “Bitcoin ecosystem,” works much like the real world.

If you buy Bitcoin on an online exchange, you can purchase Bitcoin through a standard broker account. It is easy and safe to buy and trade bitcoin and other cryptocurrencies from the Exchange you choose and connect to payment options. If you bought Bitcoin in cash, it is easier and safer because you would buy Bitcoin with the credit card or bank transfer.

You can also buy or exchange Bitcoin (or other cryptocurrencies) from any exchange as long as you are connected to a payment option. Your choice of Exchange: Choose an exchange or connect to any payment option.

Continue Reading
Blockchain5 days ago

Carrefour Shoppers in the UAE to Get Farm-to-Shelf Information with Blockchain Technology

Proposed hardware implementation of the QEC code. The circuit consists of two Josephson junctions coupled by a gyrator, highlighted in red. CREDIT M. Rymarz et al., Phys Rev X (2021), https://doi.org/10.1103/PhysRevX.11.011032 (CC BY 4.0)
Nano Technology4 days ago

Blueprint for fault-tolerant qubits: Scientists at Forschungszentrum Jülich and RWTH Aachen University have designed a circuit for quantum computers which is naturally protected against common errors

PR Newswire5 days ago

International HPV Awareness Day Summit

AI4 days ago

I’m fired: Google AI in meltdown as ethics unit co-lead forced out just weeks after coworker ousted

Automotive5 days ago

SpaceX Starship ready to find out if third time’s the charm later this week

Automotive4 days ago

FAA clears SpaceX Starship prototype for third launch and landing attempt

Proposed hardware implementation of the QEC code. The circuit consists of two Josephson junctions coupled by a gyrator, highlighted in red. CREDIT M. Rymarz et al., Phys Rev X (2021), https://doi.org/10.1103/PhysRevX.11.011032 (CC BY 4.0)
Nano Technology4 days ago

Blueprint for fault-tolerant qubits: Scientists at Forschungszentrum Jülich and RWTH Aachen University have designed a circuit for quantum computers which is naturally protected against common errors

Proposed hardware implementation of the QEC code. The circuit consists of two Josephson junctions coupled by a gyrator, highlighted in red. CREDIT M. Rymarz et al., Phys Rev X (2021), https://doi.org/10.1103/PhysRevX.11.011032 (CC BY 4.0)
Nano Technology4 days ago

Blueprint for fault-tolerant qubits: Scientists at Forschungszentrum Jülich and RWTH Aachen University have designed a circuit for quantum computers which is naturally protected against common errors

PR Newswire5 days ago

Anticoagulant Reversal Drugs Market Size Worth $1.81 Billion By 2027: Grand View Research, Inc.

PR Newswire4 days ago

IAR Systems introduces 64-bit Arm core support in leading embedded development tools

Nano Technology4 days ago

Dynamics of nanoparticles using a new isolated lymphatic vessel lumen perfusion system

PR Newswire4 days ago

Why Famtech Will Become a Major Trend in the Coming Years

PR Newswire4 days ago

Heritage Health Solutions, Inc. Announces New President

Globe NewsWire4 days ago

Notice to the Annual General Meeting of Savosolar Plc

Bioengineer4 days ago

Graphene Oxide membranes could reduce paper industry energy costs

PR Newswire5 days ago

Thrasio Increases European Commitment to €500 million; Announces Another Major German Acquisition

Nano Technology4 days ago

A speed limit also applies in the quantum world: Study by the University of Bonn determines minimum time for complex quantum operations

Bioengineer4 days ago

UH receives $5 million to combat HIV/AIDS epidemic

PR Newswire4 days ago

Worldwide Livestock Monitoring Industry to 2027 – Rising Demand for Cattle Monitoring

Bioengineer4 days ago

Three longtime antibiotics could offer alternative to addictive opioid pain relievers

Trending