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Tremendous Trade Volume in Bitcoin in Six Countries

Recently, Cryptocurrencies have been accepting and recognized by people all over the globe. The Survive report shows that P2P Cryptocurrency Trading is in the fire in the top six countries.

Ø India
Ø Ghana
Ø Argentina
Ø Philippines
Ø Mexico
Ø Egypt

Have a look at the trade volume rate

India ($3.4 million), Ghana ($1.7 million), Philippines ($1 million), Argentina ($1 million), Mexico ($700,000) and Egypt ($150,000).
Popular P2P Crypto Exchanges Paxful and Localbitcoins have raised significant growth in this year. This vividly showcases the growth of P2P Cryptocurrency Exchanges and its truth worthiness. This is considered the best time to start the P2P Crypto Exchange by joining hands with the P2P Crypto Exchange Development Company.
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How is cryptocurrency exchange done?
Each cryptocurrency exchanger works according to the following principle - two accounts are involved in the exchange: the contractor and the customer. The customer transfers a certain amount in one currency to the account of the contractor, after which the contractor transfers the converted equivalent in another currency to the customer's account. The main tasks of the owners of modern exchangers are high speed, security of exchange operations and the most simplified use of their services by clients. If the exchange of currencies requires a large number of steps in a strict sequence, no one will use such a service. Therefore, most exchangers allow you to deposit / withdraw cryptocurrency in just a few clicks. To create an account and transactions on a cryptocurrency exchange, mandatory registration is required. It is not necessary to register on the sites of exchangers, it is enough to indicate some data about yourself when exchanging (e-mail, in some cases you will need a phone number and full name). Registration on the exchanger's website still provides a number of advantages - participation in the loyalty program (all exchanges are summed up and bonuses are provided), the referral system (if any). The exchange procedure itself is the same on all exchangers. Let's look at xmr to btc calculator as an example: On the exchanger's website, select the exchange directions (xmr to btc). The amount to be given is entered in the "give" field - in the "receive" field we can immediately see the amount that will be transferred in the selected currency to the account following the exchange results; The exchange can be done anonymously, so a lot of data is not required.
Keuntungan & Kerugian Investasi Cryptocurrency
Cryptocurrency adalah coin yang saat ini sedang melambung namanya, jual-beli cryptocurrency mulai banyak bermunculan di dunia maya, seperti bitcoin, ethereum, rippel dan lainnya. Harga yang fluktuatif membuat tingginya minat orang untuk melakukan jual-beli cryptocurrency, berbeda dengan saham yang hanya mendapatkan hitungan persentase saja. Cryptocurrency menganut system peer to peer sehingga siapa saja bisa melakukan jual-beli dengan syarat bisa melakukan kelengkapan KYC. Berbagai situs bisa anda gunakan mulai dari Luno | Indodax | Gopax | Tokocrypto | dll, semua exchange tersebut sama saja mengikuti harga asli cryptocurrency di seluruh indonesia. Anda bisa memilih berbagai macam cryptocurrency tersebut sesuai keinginan, karena tidak ada batasan untuk membelinya asalkan anda mengerti keggunaan coin tersebut untuk apa. Oleh karena itu, banyak orang yang belum paham keuntungan dan kerugian ketika melakukan jual-beli cryptocurrency, agar anda bisa paham perhatikan ulasan berikut! Keuntungan Investasi Cryptocurrency 1. Potensi Kenaikan Harga di Masa Mendatang Sudah sering Anda dengar bukan, bitcoin dan mata uang digital lainnya sudah membuat puluhan orang kaya raya mendadak. Trend yang meningkat dengan luar biasa adalah bukti otentik di masa lampau. Bagaimana di masa depan? Bahkan penyihir pun tidak akan bisa meramal dengan tepat, tapi belajar dari pola yang ada, maka potensi kenaikan nilai bitcoin di masa mendatang bukan kemustahilan. 2. Kebebasan dan Kecepatan Bitcoin, ether, dan mayoritas mata uang kripto lain menggunakan teknologi blockchain tanpa melibatkan pihak ketiga yakni perbankan. Dengan demikian, tidak ada aturan-aturan yang berpotensi menghambat proses payment. Misalnya ketika melakukan transfer ke luar negeri, maka prosesnya tidak perlu menunggu hari kerja, tapi cukup dengan hitungan jam bahkan menit. Kenapa bisa semudah dan secepat itu? Karena pada prinsipnya, tujuan awal penciptaan mata uang kripto adalah untuk menghilangkan hambatan-hambatan di dunia keuangan. Meskipun saat ini, berbagai startup mulai melirik menerbitkan mata uang kripto sebagai sarana crowd funding melalui ICO. 3. Keamanan Identitas Di dunia ini, ada saja orang yang memiliki kebutuhan aneh, macam menyembunyikan identitas ketika bertransaksi. Eits, jangan negative thinking dulu dah ah! Bisa jadi karena ogah info personalnya diketahui Bank atau oleh merchant. Info semacam itu berharga dan rawan disalahgunakan lhoh. Maka dari itu, beberapa orang memilih menggunakan BTC dan ETH untuk menjamin informasi yang ada. Tapi jangan digunakan di Indonesia, dilarang ntuh buat jual beli. 4. Menghindari pemalsuan uang Salah satu problem dari penggunaan duit kertas maupun kartu kredit adalah rawan pencurian dan pemalsuan. Secara teknis di dunia digital, ada istilah “double spend”, yang bermakna dengan menggunakan uang yang sama, seseorang melakukan transaksi untuk dua hal yang beda. Skema blockchain di mata uang kripto tidak memungkinkan hal ini terjadi, bisa dibilang aman! 5. Berpartisipasi dalam ICO Sudah tau apa artinya ICO? Pernah loh saya tulis tentang Initial Coin Offering. Dimana perusahaan yang punya proyek, nerbitin mata uang digital untuk membiayainya. Nah hebatnya, banyak ICO membuat orang menjadi kaya karena proyeknya berjalan dengan lancar sehingga nilai koinnya meningkat luar biasa drastis. Kita pake contoh lagi deh. Misal proyek X menerbitkan Xcoin dengan harga ICO USD 0,01 per token(coin). Kemudian dalam setahun harganya meningkat menjadi USD 1 per koin. Naik 100 kali lipat dong! Terus apa hubungannya dengan mata uang digital lainnya? Saat ini, sebagian ICO minta BTC atau ETH untuk Anda yang mau berpartisipasi dalam proyek mereka, bukan melalui transfer duit konvensional. Itulah kenapa, paling tidak harus memiliki mata uang kripto kalo mau berpartisipasi dalam ICO. Kerugian Investasi Cryptocurrency 1. Volatilitas Sangat Tinggi Heiy, di intro kan sudah saya jelaskan masalah volatilitas ini! Jadi sabar saja ya, mudah-mudahan lekas ketemu nilai wajarnya. Jadi investor dan company yang mau ICO bisa tenang gembira. Nah, tapi Anda juga tidak boleh abai terhadap beberapa poin lain yang berpotensi mengganggu investasi kita. 2. Potensi pelanggaran Hukum Masalah utama dan paling pelik yang dihadapi oleh mata uang digital adalah regulasi. Seandainya semua negara di dunia melarang bitcoin, bisa dipastikan nilainya akan runtuh dan tak berharga. Kenyataannya tidak bukan? Ini karena beberapa negara sudah mengatur dan mengijinkan penggunaan mata uang kripto. Bahkan Swedia dikabarkan sebagai negara pertama yang ikut menerbitkan mata uang kripto-nya sendiri. Saya sendiri melihat beberapa perusahaan keuangan global enggan menerima bitcoin dan semacamnya karena takut mengganggu bisnis yang selama ini telah dibangun. Eksekutif dari JP Morgan sampai melarang karyawannya beli bitcoin lhoh, dan itu menggelikan menurut saya. Jika permasalahan dengan regulator sudah usai, nampaknya peningkatan valuasi mata uang kripto tidak akan bisa dihindari. 3. Kehilangan “kunci” wallet Pastikan Anda mencatat di komputer atau kalau perlu di print dan disimpan di beberapa tempat. Karena apabila Anda lupa dan kehilangan kunci wallet Anda, maka akan sangat susah dan hampir mustahil bisa mengakses dompet Anda. Salah satu solusi yang menurut saya bisa dijadikan pertimbangan adalah menggunakan apps di handphone, tentu harus lebih user friendly dan mudah digunakan. Kali ini saya bekerja sama dengan Luno dan sudah mencoba keunggulannya sebagai wallet Bitcoin dan Ether. Nah jadi sembari nunggu perkembangan dunia per-kripto-an, Anda bisa mulai mendaftar ke Luno. Apakah harus Luno? Silakan Anda coba aplikasi yang lain dan pilih sesuai keinginan masing-masing. Tapi menurut saya, wallet Luno adalah salah satu yang paling aman! Tapi sebelum memutuskan mencari aplikasi lainnya, pastikan bahwa penggunaannya harus mudah dan secure. Apa gunanya Anda mendownload wallet jika ternyata tidak meminimalisir kemungkinan kehilangan token cryptocurrency.
Top Blockchain Trends You Must Know In 2021
Blockchain is already upscaling the financial markets with its technological implementations. Be it Bitcoin or other crypto-fund management systems, have set some of the trending developments that are being utilized by businesses. In 2021, Blockchain is predicted to grow much larger and cover a wide range of business domains apart from the financial market. We list out the details for some of the trends that can be followed by blockchain technology in the coming times and make it a sought-after technology by businesses across domains. Blockchain Impacting Industries Economic Growth As more and more blockchain services are presented in the market they will boost the blockchain-based industries benefiting both the manufacturer and the consumer. The solutions developed have majorly ranged across domains of healthcare, food safety, and Supply chain logistics. Big enterprises like Amazon, IBM too have significantly improved their services with the inclusion of blockchain technology. Blockchain is capable of ensuring more transparency, security, and validation. Industries working on 3D printing, gemstone industry are also significantly benefitting from this technology. Federal Architecture Blockchain Services Under blockchain technology networks are classified as public, private and both of them bring their benefits for the utilization. Even implementing both of them for service is what is being incorporated at many recent blockchain developments. The architecture lets you develop a federalized blockchain network, which instead of a single point of authorization allows multiple options to control the predefined blockchain node keeping blockchain characteristics intact. Blockchain As A Service Model Blockchain in its resourceful development trends can be stated that blockchain as a service or BaaS is a possibility that can well be bought into the practice. As enterprises ranging from start-up to bigger companies are inclined towards using integrated blockchain-based services. BaaS comes up as a cloud integration solution that allows the users to develop their products using blockchain technology. Products developed can be applications, smart contracts, or crypto-based services. The benefit of using Baas would be that the enterprises won’t need to set up a full blockchain-based infrastructure, rather they can comfortably develop their solutions via BaaS. The Cryptocurrencies Will Become More Secure And Valuable With major cryptocurrency players already settling themselves in the market and Bitcoin being the highest acceptable amongst all. But the highly volatile nature of the currency stock management under Bitcoin makes it a lot unstable. To counter Bitcoin drawbacks and provide investors with more stability and higher value, a leading innovation has taken place termed Stablecoin. Stablecoins, currently are at an initial stage but, as per predictions by 2022, they very well can be mainstream crypto-currencies Blockchain in Social Media And User Privacy The most debated topic based on general public opinion and even political channels have shifted to how the breach of privacy and data mishandling by social media platforms is taking place, and not just the common user but, the higher government authorities are looking to find solutions to it. Blockchain brings a more secure medium for storing data and maintaining privacy with a model where the user will have sole ownership of their data. It is already worked out, and soon in 2021, we can get some of the open-source-based modulations on the social media platforms. With the blockchain-based SM applications, the transmission of data through it will remain undetected and duplicacy free. The existing social media giants will have to put it up first for their users as everyone is critical of the privacy and data protection on SM channels. Blockchain Interoperability Under Blockchain, one of the leading trends that are picking speed is interoperability. Blockchain interoperability is one of the most crucial trends, it will allow the sharing of data and other information across multiple blockchain systems and networks. Developing an architecture to support interoperability is not an easy task but, it holds a significant value with enormous benefits for the users. Blockchain Applications in Finance Capitals As blockchain technology started its inflow in the financial markets with a crypto-based solution. It has somehow gained good momentum, and now the technology is utilized to develop the solutions to overtake the traditional financial architecture. As per reports, about 75% of financial businesses are looking to adopt blockchain-based inclusions for their business operations by 2021. Features like transaction cost-saving, higher confidentiality of the transactions, and reducing redundant losses are the benefits that the market is eager to benefit from by implementing blockchain. Blockchain is already serving a hot cup of coffee for the technology experts, and the increasing demands by businesses to opt for its solutions will only boost its growth at an unprecedented rate. There are already many trends under blockchain technology that are taking place. The above-listed trend will give a fair idea as to what all this technology is capable of developing and how your business can benefit from it.
A Cryptocurrency Crash Course for Beginners
While I'm still pretty baffled by the world of cryptocurrency, this piece by the New York Times really laid it out in layman's terms. Hope it helps you out too! Basic Run Down: 1. Digital money that is bought and sold online 2. Doesn't go through traditional institutions like banks 3. Is not linked to any concrete substance like gold Example: Alice wants to buy a bike from Dan using Bitcoin. Alice logs into her Bitcoin wallet with a private Key (pin, series of numbers unique to her) Now usually, the money she's sending would first go to a bank who would record the money being moved and transfered, but with Bitcoin, there is no bank or middle man. Instead, her transaction is added to a public list of transactions called a Block. Every ten minutes a "Block" of transactions is added to the list of all other previous transactions, creating a Chain. A Blockchain. Now, in order to verify that the transaction was legitimate, without having a bank check it, the Block is sent into the Bitcoin network, where various network members are racing to finish a very hard math problem (more on that later) The one who finishes the math problem first gets to have their record of the transaction be known as the official record, the verified record. For their efforts, they are given Bitcoin for each transaction they verify. This action of verifying bitcoin is called Mining. Because so many people are mining, this is meant to ensure that no one computer will monopolize the market, like banks have done in the past. As for the math problem, the more computers that join the race to solve it, the harder the math problem is. This is why people are fighting for the fastest computers and huge servers to help them become first. Apparently, Bitcoin is set to be available for mining until there are 21,000,000 Bitcoin in circulation. Right now, that's set to happen in 2140...
Factors That Affect Cryptocurrency Price Volatility
Cryptocurrency prices https://cryptoonliner.com/price/ are increasing lately due to a number of things, and this also includes more applications of the ledger in contrast to other traditional money systems such as the US dollar and the Euro. This can be due to a number of things which include the development of the technology known as the blockchain. With this infrastructure, it's been possible for Cryptocurrency trading to occur without any physical commodity or market being included at any moment. These monies can be traded throughout the world with no constraints due to the fact that there are no boundaries in the ledger itself. This is one reason that makes Cryptocurrency price moves inconsistent and sometimes quite striking. But, with all of the volatility related to Cryptocurrency trading, there are a number of fundamental factors that affect its value. 1 such element is how easy it's to exchange and manipulate the value of Cryptocurrencies on the Forex exchanges. There are no agent fees or commission charges demanded too, so this makes it a lot easier to begin with Cryptocurrency trading, even if you've got no prior experience. The ease of use associated with the technology and also the simple fact that there are no broker fees connected makes it a cheap choice for any new investor to get started. 1 other fundamental element is the access to new and more effective software programs which make it feasible for faster and better volume delivery. These applications increase the capacities of the average user in regards to getting results in a shorter period of time than would be possible without the assistance of these applications. All of these factors combined to give the average dealer a substantial advantage over traders who choose not to take advantage of them via easy access of top quality information and the ability to use them with ease.
LocalBitcoins Clone Script to Start Crypto Exchange like LocalBitcoins
Building up your very own bitcoin exchange website is a troublesome undertaking. Yes, You generally need proficient assistance that can control you with a total procedure for making a local bitcoins clone website. Attempt to search in for some all-around constructed and rich-included clone script specialist organization to build up your website. The motivation behind why you should fabricate a local bitcoins clone website It has a high market top and is expanding step by step. Bitcoin and different Cryptocurrencies gain the ubiquity method of installment move. The vast majority of the individuals began acquiring cash by means of bitcoins. Similarly, Localbitcoins Clone Script accomplishes you to start your own Bitcoin exchange website like LocalBitcoins. The clone script permits local purchasers just as global exchanges. Clients can purchase and sell any cryptocurrency and pay the particular party with fiat or some other cryptocurrency. This Local Bitcoin Clone Script encourages you to make and deal with your exchange site. It's likewise useful to individuals who claim their own websites for presenting to you an extra salary. Make your Bitcoin exchange business website with a sheltered escrow application. Bunches of B2B enterprises are furnishing local bitcoin script with escrow application. Along these lines, choose the privilege bitcoin escrow script will consistently lead your bitcoin exchange business to a triumph level. To locate the best specialist organizations to work with, attempt these four strategies. Local Bitcoins Clone Script Highlights 1. Escrow Wallet –Escrow script shields dealers from deceitful purchasers by requiring the Bitcoin to be stored forthright. 2. Two Factor Authentications –We will offer two-factor validation for purchasers and vendors in the market to assemble local bitcoins clone websites. 3. Localbitcoins application and Wallet Development –Creating your Local Bitcoin wallet for putting away your Bitcoins and different cryptocurrencies in a protected and secure way. 4. Multi-cash support –This wallet bolsters practically all the prevalent cryptocurrencies like Bitcoin, Ethereum, and so forth and enables you to store more than one simultaneously in a similar wallet. 5. AML/KYC –Localbitcoins offer a total answer for KYC and AML including ID check, revealing, and re-accommodation the board. Where would you be able to get the script to begin a Local bitcoin exchange website? BlockchainAppsDeveloper is one of the best Cryptocurrency exchange development company in United Kingdom. They incorporate all the most recent highlights like multi-way confirmation, Propelled CMS, Coordinated wallet, different cash paring, and Rest local bitcoin Programming interface, and so forth. They have an incredible tech group to build up your local bitcoin clone website, and furthermore give the best help and support to your Bitcoin exchange business. Undeniable Reasons to Choose BlockchainAppsDeveloper Local Bitcoins Clone script 1. Automatic exchange and introduce installment exchanges 2. Accept Numerous Installment Alternatives 3. Safe and dependable administration 4. Prevention of deceitful exchanges 5. The exchanges are quicker and exceptionally secure 6. User-accommodating dashboards will permit purchasers and merchants to exchange easily. Contact Us & Get a Live Demo Of LocalBitcoins Clone
Decentralized Social Networks: Can They Work?
What does "decentralized social media" even mean? LAST YEAR JILLIAN York, a free expression activist, was temporarily booted off Facebook for sharing partially nude images. The offending photos were part of a German breast cancer awareness campaign which featured, well, breasts. Facebook flagged the post as a violation of its Community Standards, which strictly prohibits most types of female nudity. Though the account suspension lasted only 24 hours, it had a powerful impact on York’s ability to get things done. Locked out of Facebook, York was unable to complete her work or post comments on news sites that use Facebook’s commenting tools. And without Facebook credentials, York could not access apps like Spotify and Tinder. Tick off Facebook and you may be unable to work, date, or listen to music. York’s suspension highlights the ever-expanding ways in which we now rely on large private platforms to facilitate our online activities. Over the last 13 years, Facebook has evolved from a lifestyle site for college kids into a cornerstone of civic life. It is one of a handful of very large platforms that dominate our online world. As such platforms have gained traction, the web has transformed from an open space for free expression into a corporate-owned gated community of private platforms. The power of giant platforms like Facebook, Google, and Twitter leads to problems ranging from the threat of government-ordered censorship to more subtle, algorithmic biases in the curation of content users consume. Moreover, as these platforms expand their reach, the ripple effects of exclusion can have serious consequences for people’s personal and professional lives, and users have no clear path to recourse. The platforms that host and inform our networked public sphere are unelected, unaccountable, and often impossible to audit or oversee. In response, there is a growing movement among free speech advocates to create new technology to address these concerns. Early web pioneers like Brewster Kahle have called for ways we might “lock the web open” with code, enabling peer-to-peer interactions in place of mediated private platforms. The idea is to return to the good old days of the early '90’s web, when users published content directly in a user-friendly decentralized fashion, without the need for corporate intermediaries and their aspirational approach. Communities for users, run only by other users. No companies and giant corporation behind it. Just social networking for the sake of social networking. Now, WIRED makes the argument that they'll never work but I'm not so convinced. I love the idea. What do you think? Can we drop Facebook and find a decentralized way to connect again?
An Overview of Blockchain in Retail Banking and Retail Industry
Blockchain has gone from an obscure innovation to the seat of a technological revolution very quickly. People still debate its viability. But proponents of blockchain know that this public ledger system can change the way we view the world. From an initial standpoint, blockchain has direct financial applications. With the cryptocurrency market gaining steam, it is subject to immense volatility. After all this is said and done, it is general consensus that blockchain is here to stay for the long term. Studies suggest that the general public will completely accept this new tech by 2025 or even earlier. This makes it all the more necessary to adapt and assimilate blockchain into the various industrial sectors. One such prominent sector is the retail industry. The retail industry is growing at an all time high. Burgeoning demand, availability of products, and market penetration have grown several fold due to online shopping. So how does blockchain fit into the picture? Michael Carney, principal at Upfront ventures, says blockchain and decentralized systems give retailers an opportunity to drive efficiency, maintain authenticity and establish an advantage. It can help build trust with customers, minimize paperwork, and increase transparency across the process. The four major ways blockchain can impact the entire retail industry are listed below. https://www.aciworldwide.com/-/media/images/general/blockchainforretailers1.pngh=387&w=1042&la=en&hash=4320F495B9D82352AD5FF7266F5F64016C36484A The retail industry is one of those which requires and consists of the supply chain which has numerous parties involved within the procedure like manufacturers, suppliers, retailers and the end consumer. Blockchain in retail Industry: eCommerce and retail banking Here are some of the cases for which the retail industry needs a blockchain for the better and free flow of Blockchain in the entire retail industry including retail banking. Blockchain in retail banking Retail banks deal with individual customers by providing them with basic banking services like savings and transactional accounts, mortgages, loans, card payments, overdrafts, etc. this entire process of giving, taking and transferring money from one account to another and vice-versa comprise a lengthy process. It includes lots of paperwork and involves third party interference. Since blockchain technology introduces a decentralized ledger, it stores a bank’s or financial sector’s complete transaction history across multiple controlled-access computers replicating a breadcrumb trail of banking activity that is impossible to edit, delete or update. Blockchain in retail banking reimagines many of the core workflows in finance and banking, from records keeping and cybersecurity to currency, debt and equity management. And banks have only begun waking up to its potential. Some of the banks that are already harnessing the power of blockchain technology are JP Morgan Chase, Goldman Sachs, Bank of America and others. Role of blockchain in retail banking The foremost and obvious benefit of blockchain in retail banking is the technology can manage, approve and log any transaction instantaneously. In addition, it directly contrasts today’s often manual authentication, verification and data-sharing finance workflows banking and finance professions still rely upon to carry out transactions. Also, in retail banking an average KYC request in today’s date usually takes between 30 and 50 days to review and then go for further approvals. A blockchain system allows approved users to access the same data system instead of every bank and third party vendor maintaining siloed customer data portals and having data duplication for each order. It expedites verifications, netting more than $160 million in KYC cost savings annually. When it comes to borrowing loans, loan syndication activities take a 21 days journey from loan application to loan disbursement. However, this particular process can immensely benefit from blockchain. With blockchain, loan activities are safer, quicker, as well as traceable, again reducing admin overheads, third-party approvals, data duplication and instances of human error. With smart contract blockchain, core pieces of a contract are also visible, irreversible and indisputable. But that’s not the end! Blockchain offers many more unlocked benefits to the entire retail industry. Blockchain in retail industry When it comes to the application of blockchain in the retail industry, there is a need to accurately reflect the different steps in the supply chain and the transfers of ownership and product transformations at each stage. Quicker in transaction Blockchain reduces the time taken to complete a process, thus making it much faster and easier. When placing an order under a blockchain-based platform, the ability to make payments is quicker and there is not any delay either. The supplier or distributor or vendor receives the payments immediately as soon as the transaction is made. This allows them to verify and confirm the order placed with transparency. The order is sent out for delivery and it also reaches the customer at the right time and place. Logistics also become much more efficient with the use of blockchain as the decentralised network encourages effective peer to peer connection. The supplier can make connections with local logistics easily when the demands are higher. If there is any replacement to be made or refunds, with the help of blockchain, the time period of waiting to get these refunds is also faster. No central authority In retail and eCommerce, there is too much involvement of third party entities in every operation that takes place. Any process starting right from the order placement till delivering to the customers’ end is composed of many central authorities like banks, legal systems, etc. The important operation where third party involvement influences the customer the most is during the payment gateway. This is because when payments are made through a third party bank organisation, a particular charge is levied on the customer for using the banking services. This discomfort is solved when payments are made through blockchain because there is a direct connection between peers. Hence, there is no extra price imposed on the customer as there is no involvement by any other party other than the parties involved in the transaction. Trust among users Blockchain operates on a decentralised network allowing all data stored to be visible and available to everyone involved in the operation. This creates an environment where there is no malpractice or miscommunication. No information is lost in the communication channel as blockchain provides a direct peer to peer connection. Peers can keep a track of each and every transaction and operation due to systematic arrangement of data with the help of blockchain. This creates trust among the users and scrutinizes any data or information. Because of the decentralized network, one cannot make changes in the network easily. This offers transparency to the user or customer providing them with an evidence of where the product or service is sourced from. This creates an environment of trust where the user has knowledge of what is happening between suppliers and their products of service. Seamless supply chain management Blockchain provides a hassle free supply chain management to all retail and eCommerce business entities. This is because of the ability of blockchain to record every data and transaction digitally. This allows the information to be accessible anywhere and anytime which further allows the owners to track their products or service. Since blockchain operates in a decentralized network, if a change has to be made, the complete network system has to be changed. Hence, this is a way of creating a strong network between the owner and the manufacturer. With blockchain, inventory management is also efficient due to real-time data storage. It also helps to make smarter decisions. Laserfiche is an organization that provides records management edition (RME) to manage digital records for the ecommerce and retail sector. With such services, there is an open transparency in digital records stored in inventory for retail sectors. This will help retailers to manage their shelves based on reliable real-time data. Also, Provenance - another blockchain-based organization that aims to create an open transparent digital record of every inventory item for the retailers. Based on accurate real-time data, this will help retailers control their shelves and manage stores. Digital Payment Processing Blockchain was initially used as the framework for digital currencies such as bitcoin. These cryptocurrencies offer attractive advantages over traditional modes of payment. With blockchain, retailers can start accepting payments in the form of digital tokens. Especially in cases where the regular transactions either don’t work or need way too much processing to even be viable. Another complimentary benefit would be the trail left behind by this new mode of payment. Whenever a cryptocurrency transaction is made it leaves an end to end trail that can easily be traced back to its source. This will drastically reduce the burden on the accounting department of big firms. Instant payments, instant refunds, instant settlements can be deemed possible with blockchain. Cross border payments and micro transactions are more easily handled via digital currency. Also when large amounts are transferred from offshore, blockchain makes it easy to store and record. A few startups have taken strides in this direction. TenX, a startup in Singapore has successfully connected the Visa wallet to the digital wallet. Thus, allowing consumers to use their Visa cards for payments. BitPay has integrated bitcoin and the sales point, allowing retailers to accept digital payments. Closing thoughts The adoption of blockchain technology in the retail industry will allow transparency and traceability – giving customers choices and confidence in retailers they can trust. Retailers can ethically consume the required data without compromising the customer in any manner. This will surely improve public relations and brand imaging as well. A blockchain-based solution can provide product authenticity and quality by building trust between consumers and retailers and within the entire retail supply chain. If you are looking to integrate blockchain solutions in your retail operations, do not hesitate to contact our blockchain experts.
ICON Network: An Overview
What Is ICON? ➤ #1 Blockchain project in Korea with an expanding global footprint ➤ Open source platform building a community of communities based on consensus, governance and protocol specifications ➤ BTP(chain interoperability), parallel processing, multichannel and modular architecture creating a highly scalable network able to interconnect private and public chains. ICON Benefits ➤ Various blockchain platforms are able to interact via smart contracts. ➤ No need to make multiple wallets. ➤ No need to buy multiple tokens: Owning just ICX gives access to all interconnected chains. ➤ Ease of dApp accessibility: frictionless dApp usage across multiple chains. ➤ DPoC: (Delegated Proof of Contribution) variant of PoS based on contributions. ICONSENSUS P-Reps: A Public Representative (P-Rep) is a block validator on the ICON Network that participates in consensus and governance. ➤ P-Reps consist of the top 22 Main P-Reps and 78 Sub P-Reps,. ➤ P-Reps are elected by delegation of stake. 1 ICX token is worth one vote. ➤ For delegating and voting for P-Reps, ICONists (ICX token holders) receive rewards. ➤ I-SCORE: All contributions are quantified in the form of I-SCORE that can be converted 1ICX to 1000 I-SCORE to redeem rewards. DBP (DApp Booster Program) DApps on the network receive a portion of block rewards based on their delegation ranking. EEP (Ecosystem Expansion Program) Community members receive a portion of the block rewards by proposing and implementing projects that expand or grow the network. Fee Sharing 2.0 Developers can choose to pay for transaction fees themselves so users may access their dApps easily. Virtual Step Virtual fee that credits developers transaction fees for locking up their ICX. ICX: ICON’s unique native token ➤ Provides governance rights to the network ➤ Used for computation, transaction fees and rewards ICON’s Unique Reward System Dynamic reward system that autonomously adjusts based on varying network conditions: ➤ When high % of network is staked, then reward is decreased to encourage using ICX elsewhere. ➤ When low % of network is staked, then reward is increased to encourage staking more ICX. Select Blockchain Products On ICON Network somesing.io The world's first Karaoke app on a blockchain. DPASS Global authentication system with sovereign identity. A Decentralized Passport/DID, and cryptocurrency wallet, all in one. broof.io Blockchain certificate issuance service. Permanent record of genuine certificates. Facilitates blockchain adoption with secured partners including, Seoul City, Citizen Hall, Postech and Studypie. ICON Ecosystem ICONLOOP MyID Alliance ICON Strategic Partner - ICON DAO P-Rep candidate and ICON strategic partner committed to providing the tools and services needed for users to develop and manage decentralized communities to mass collaborate and fund projects. ICON DAO Medium ICON DAO Twitter ICON DAO Telegram Resources Homepage: https://icon.foundation Community: https://icon.community Developer Center: https://icondev.io Github: https://github.com/icon-project Medium: https://medium.com/helloiconworld Works Cited ▸ Dr. Ben Lee, "Economic Incentives of ICON Network", Hashnet 2019 Blockchain Conference, October 2019. ▸ "ICON Network Partnerships" Retrieved from: "https://spec-rationality.com/icon/#21Nov" ▸ Amy Dang, November 5, 2019, "A Comprehensive look at ICONLOOP's MyID Alliance" Retrieved from: "https://theicon.ist/2019/11/05/a-comprehensive-look-at-iconloops-myid-alliance-its-partners-advisors-and-upcoming-roadmap/"
Man Dies on Mount Everest Over Crypto Currency?
ASKfm, the site that lets friends ask anonymous questions, decided to launch their own cryptocurrency. To celebrate the launch, they planned an elaborate promotional stunt involving four climbers and the highest mountain in the world. Theysent a team of three crypto enthusiasts on an expedition to climb Mount Everest. At the top, they would bury a small USB drive containing $50,000 worth of ASKT, their new cryptocurrency they have planned an Initial Coin Offering for. Why? They wanted to send their currency “to the moon.” The climbers reached the summit on May 14 and successfully buried the USB. In a Medium post, the company described the expedition and the intentions behind it. “While others try sophisticated marketing techniques, these guys went out there and put themselves right on top of the highest mountain on the planet. An elegant way to boast ideological superiority to every other crypto. A way quite strangely unexplored before. Even memes-wise, think about the closest starting point to reach the moon. It seems so obvious, yet no one has done it.” What the company failed to mention, however, was Lam Baby Sherpa: the Nepalese mountain guide who helped carry gear and lead these otherwise-inexperienced climbers to 29,000 feet. The sherpa, a veteran of three previous Everest climbs, was left behind by the group and is presumed to be dead. One of the climbers was reported as stating: “At the top of Everest the weather was very bad, and then we were coming down. We were going down to Camp 4, which is at about 7900m, and one Sherpa was dying. That’s all we know. He was behind us, so we don’t know what happened to him. We were going fast and the Sherpa wasn’t coming with us. He was coming behind so we didn’t see him.” Upon reaching Camp 4, one of the crypto climbers had developed altitude sickness. They descended to Camp 2, where they called for a helicopter evacuation. As for the $50,000 worth of cryptocurrency? There’s no word as to whether or not it’s been retrieved yet, but with climbing season in full swing and an average of 600 summits each season, it’s sure to turn up soon.