Can I create my own cryptocurrency?

To be in a position to create your own cryptocurrency, here are some things to follow.

Create a blockchain

The first step in creating the best cryptocurrency is to create a blockchain. Blockchain technology is the background and every cryptocurrency you see in the world today. A blockchain contains details of each cryptocurrency.

This is a book that shows the background of each cryptocurrency you have. It also shows more details about who owned the cryptocurrency coins before you One of the best cryptocurrencies has a very effective blockchain technology

Code

All the software you see on the internet is made with a code. The same is true of cryptocurrencies. Fortunately, most cryptocurrencies are created using the same code. Primarily, cryptocurrencies are created using C ++ code. You can outsource all the code you need from GitHub and use them to create your cryptocurrency. However, the code will vary from your specified. If your blockchain is long and fast, you must add programs for it. Typically, programs can vary from one week to several months when creating a blockchain.

To create the best cryptocurrency, one must ensure that he has the best level of security. There are hackers everywhere and isolating hackers is always your role. One powerful tool that has been used to isolate hackers is the use of private and public keys. Because each key is made from the previous key. Using cryptography, each key can be traced from the first transaction.

You need to make sure you build a pool of miners. For a stable cryptocurrency like Bitcoin? Anyone can be a miner. A miner does two jobs.

-Makes crypto coins

-Cryptocurrency authentication.

You need to create an ideal way to create and authenticate your cryptocurrency.

Access market requirements

Many cryptocurrency experts say that the most important part is accessing the market demand. You should be interested in and observe what other cryptocurrencies are not offering and offer them yourself. If we look at the largest cryptocurrency on the market today, Bitcoin.

It was created to bring fast transactions in the online world. Bitcoin also gained a lot of recognition because it was able to hide the identities of users. They remain anonymous but anyone can still make a valid transaction. These are the most important part to consider when creating a cryptocurrency.

To create a highly successful cryptocurrency, you need to make sure that you are able to properly market your cryptocurrency. This means going to merchants and asking them to accept your cryptocurrency as a method of payment. These are usually some of the best ways to create cryptocurrencies.

A brief history of Bitcoin

Bitcoin is the world’s leading cryptocurrency. It is a peer-to-peer currency and transaction system based on a decentralized consensus-based public ledger called Blockchain that records all transactions.

Now Bitcoin was designed by Satoshi Nakamoto in 2008 but it is a product of decades of research into cryptography and blockchain and not just the work of one person. The dream of cryptographers and free trade proponents to have a borderless, decentralized currency based on blockchain. With the growing popularity of Bitcoin and other altcoins around the world, their dream has now become a reality.

Now in 2009 cryptocurrency was first placed on a consensus-based blockchain and in the same year it was traded for the first time. In July 2010, the price of Bitcoin was just 8 cents and the number of minors and nodes is much lower than the thousands at the moment.

Within a year, the new alternative currency has risen to 1 and is becoming an attractive prospect for the future. Mining was relatively easy and people made good money doing business and in some cases even paid for it.

In six months, the currency has doubled to $ 2. Although the price of Bitcoin is not stable at a certain price point, it has been showing this pattern of insane growth for some time. At one point in July 2011, the currency went bankrupt and reached a record-high $ 31 price point but the market soon realized that it was worth more than the gains made on the ground and corrected it back to $ 2.

December 2012 saw a healthy rise to 13 13 but soon, the price is about to explode. In the four months to April 2013, prices rose to 26 266. It later corrected itself back to $ 100 but this astronomical rise in price raised it to stardom for the first time and people started arguing with Bitcoin about a real real-world scenario.

That’s when I got acquainted with the new currency. I was skeptical but as I read more about it, it became clear that the currency was the future because there was no one to manipulate it or force itself on it. Everything had to be done with complete consensus and that is what made it so strong and free.

So 2013 was a landmark year for the currency. Big companies began to publicly accept Bitcoin and blockchain became a popular topic for computer science programs. Many then thought that Bitcoin had fulfilled its purpose and now it would be settled.

But, as the currency became more popular, Bitcoin ATMs were set up around the world and other competitors began to flex their muscles in different corners of the market. Ethereum created the first programmable blockchain and Litecoin and Ripple launched themselves as a cheap and fast alternative to Bitcoin.

The 1000 1,000 magical figure was first breached in January 2017 and has already quadrupled since September. This is a truly remarkable achievement for a coin that was worth only 8 cents seven years ago.

Bitcoin even survived a tough fork on August 1, 2017 and has risen nearly 70% since then, even fork bitcoin cash has been able to post some success. It’s all about the application of coins and the stellar blockchain technology behind them.

While conventional economists argue that this is a bubble and the whole crypto world will collapse, this is not exactly the case. There is no such bubble as it is an observable fact that it has actually eaten up the shares of Fiat Currency and Money Transaction Corporation.

The future of Bitcoin is very bright and it is not too late to invest in it in both short term and long term.

Inflive Exchange – Game changer

The goal of Infliv is to provide more profit to all crypto traders without fees. This is the first complete exchange supporting multiple cryptocurrencies / tokens on a single platform.

Infliv is the name of a company which means information is live = INFLIV. Cryptocurrency and Blockchain are today’s demand and demand, the infliv Crypto Exchange Platform provides a user-friendly platform for new traders. It is a cryptocurrency exchange that enables users to trade multiple cryptocurrencies against BTC, ETH, USDT and native token IFV.

We aim to provide our clients a fast and secure trading experience with BTC, ETH, USDT and IFV trading options, prioritize the security of funds and user information to enable 2FA using Infliv users Google Authenticator, or a U2F security key. To protect the security of funds, most system funds are stored in cold wallets and only approx. 0.5% of crypto assets are accessible in hot wallets for daily platform operations.

Feature’s rollout

We will roll out the platform in the following order

  • Spot trading

  • Margin trading

  • The future

  • Anonymous instant exchange

Infliv will support trading pairs on the following coins

  • BTC

  • ETH

  • USDT

  • IFV

All traders want a minimum charge on crypto trading, so we have no trading fees. Infliv is the world’s first subscription-based cryptocurrency exchange where unlimited trades are made for a minimum monthly charge and your Infliv token stock receives revenue each month.

Infliv is a world class digital currency (cryptocurrency) exchange, Infliv is the world’s primary cryptocurrency offering (ICO) the only cryptocurrency exchange that allows you to trade on a monthly subscription, you do not have to pay per trade on the Infliv Exchange, in the digital currency revolution of the world. The goal of Infliv is to provide more profit to all crypto traders without fees. This is the first complete exchange supporting multiple cryptocurrencies / tokens on a single platform.

Problems and solutions

Problems

Trading fees are usually only a small percentage or a fraction of a percent, so most people do not pay attention to them. But when you become a professional trader – or you want to be one, that means you pay a lot more in the form of fees over time.

The solution

To avoid this, INFLIV is introducing the world’s first subscription-based cryptocurrency trading platform that still allows trading for a full month without a trading fee. Enjoy.

Details of token distribution

Infliv Token (IFV) is made with ERC20 token based on Ethereum blockchain technology. This technology brings scalability and security for the users, token holders will be given exclusive benefits such as revenue. Infliv token holders receive 60% of the token ratio revenue from the total monthly subscription fee received on the Infliv Exchange and pay a monthly subscription fee using infliv tokens and receive a 50% discount on the fee. Infliv (IFV) supports all Ethereum wallets.

Why You Should Buy Infliv Token?

Infliv presents a solid investment opportunity for investors looking to build assets in a given period of time. This is not a scheme to get rich quick or to make money overnight. Investors who purchase tokens and hold on to them in the long run will achieve exceptional results and return on their investment.

  • Experienced management team with experience running successful companies.

  • All traders want a minimum fee in trading. We have no trading fees.

  • Infliv is currently the world’s first subscription-based cryptocurrency exchange.

  • Token holders will be given exclusive benefits such as revenue. Infliv token holders receive 60% of the total token ratio revenue from the total monthly subscription fee received on the Infliv Exchange and pay a monthly subscription fee using infliv tokens and receive a 50% discount on the fee.

  • In the future (2019), Infliv will create a decentralized exchange, where IFV will be used as a core resource as well as consumed gas.

  • 24 hours customer support. We’ve seen that cryptocurrency is the currency of the future and blockchain is the new invention of this century, so we’re providing our customers with fast and secure trading experience in BTC, ETH, USDT and IFV trading options, Infliv Fund and Google Security Users need information to enable 2FA using keys. To protect the security of funds, most system funds are stored in cold wallets and only approx. 0.5% of crypto assets are accessible in Hot Wallets for daily platform operations.

Which cryptocurrency is better to invest in?

The price of Bitcoin has risen this year, surpassing even one gold-ounce. There are also new cryptocurrencies on the market, which is even more amazing which brings the value of cryptocurrencies up to one hundred billion. On the other hand, the long-term cryptocurrency-outlook is somewhat unclear. There is a conflict of interest among its main developers which makes it less attractive as a long-term investment and financing system.

Bitcoin

Still the most popular, Bitcoin is the cryptocurrency that started. It currently has the largest market cap of about 41 41 billion and has been around for the past 8 years. Throughout the world, Bitcoin has been widely used, and so far it has not been easy to exploit the weaknesses in the way it works. As both a payment system and a saved price, Bitcoin enables users to easily accept and send Bitcoin. The idea of ​​blockchain is the basis of bitcoin. To understand what cryptocurrencies are, one needs to understand the concept of blockchain.

Simply put, a blockchain is a database distribution that stores each network transaction as a piece of data called a “block”. Every user has a blockchain copy so when Alice sends 1 bitcoin to Mark, everyone on the network knows it.

Litecoin

An alternative to Bitcoin, Lightcoin seeks to solve many of the problems that plague Bitcoin. It is not as resilient as Ethereum, the value of which is largely derived from the acceptance of hard users. It is worth noting that Charlie Lee, former Googler led Litecoin. He is practicing transparency in what he is doing with Litecoin and is quite active on Twitter.

Litecoin has been Bitcoin’s second flute for some time but things started to change in early 2017. First, Litecoin was adopted by Coinbase along with Ethereum and Bitcoin. Later, Bitcoin fixed the Bitcoin problem by adopting the technology of Segregated Witness. This has given it the ability to lower transaction fees and make more. The reason for the decision, however, was when Charlie Lee decided to keep his only focus on Litecoin and even left Coinbase, where he was the only engineering director for Litecoin. For this reason, the price of Litecoin has risen in the last few months and its strongest factor is that it can be a real alternative to Bitcoin.

Etherium

Vitalik Buterin, the superstar programmer, thought about Ethereum, which Bitcoin could do. Its purpose, however, is primarily to be a platform for creating decentralized applications. Blockchains are the difference between the two. Basically, Bitcoin’s blockchain records the type of an agreement that specifies whether funds have been transferred from one digital address to another. However, Etherium has significant extensions because it has a more advanced language script and offers more complex, broader applications.

Projects begin to sprout over Etherium as developers begin to notice its better qualities. Through the Token Crowd Sale, some have even raised millions of dollars and this is still an ongoing trend. You can create amazing things on the Ethereum platform that makes it almost like the internet. As a result, the price has skyrocketed, so if you bought Ethereum for শ 100 earlier this year, it wouldn’t be worth about $ 3000.

Mind you

Monero aims to solve anonymous transaction problems. Even if the coin is considered a form of money laundering, Monero aims to change it. Basically, the difference between Monero and Bitcoin is that Bitcoin is a transparent blockchain feature and every transaction is public and documented. With Bitcoin, anyone can see how and where the money has been moved. Although Bitcoin has some incomplete anonymity. In contrast, Monroe has an opaque rather than a transparent transaction method. No one is sold this way but since some people prefer privacy no matter what, Monero to stay here.

Zcash

Unlike Monero, Zcash’s goal is to solve bitcoin problems. The difference is that instead of being completely transparent, Monero is only partially universal in its blockchain style. Zcash also aims to solve the problem of anonymous transactions. After all, not everyone likes to see how much money Star Wars actually spent on souvenirs. Thus, the conclusion is that this type of cryptocurrency really has an audience and demand, although it is difficult to point out that any cryptocurrency that focuses on privacy will eventually come to the fore.

Banker

Also known as “smart tokens”, bankers are the new generation value of cryptocurrency that can hold multiple tokens in reserve. Basically, bankers try to make it easier to trade, manage and create tokens by increasing their liquidity level and keeping their automatic market value. At the moment, there is a product in front of the banker which includes a wallet and a smart token. There are also community features such as statistics, profiles and discussions. In short, the banker’s protocol enables the discovery of a built-in value for liquidity for smart contract tokens through a process of innovative reserves. With Smart Contract, you can instantly purchase any token within the banker’s reserve. With Banker, you can easily create new cryptocurrencies. Who wouldn’t want that now?

EOS

Ethereum’s other competitor promises to solve Ethereum’s scaling problem by providing a set of more powerful tools for running and creating apps on the EOS platform.

Tejos

An alternative to Ethereum, Tezos can be upgraded without much effort with consent. This new blockchain is decentralized in the sense that it is self-governing through the establishment of a digital true Commonwealth. It simplifies the mathematical technique called formal verification and has the security-enhancing features of the most financially weighted, sensitive smart contract. A great investment in the months ahead.

Judgment

It is incredibly difficult to predict which bitcoin will become the next superstar on the list. However, user acceptance is always a key to success when it comes to cryptocurrency. Both Ethereum and Bitcoin have it, and even though there is a lot of support from the initial recipients of each cryptocurrency on the list, some have yet to prove their worth. However, these are investments that need to be looked at in the coming months

The importance of cryptocurrency as a medium of financial transactions

Nowadays, the world economy is only moving towards a complete digital ecosystem and so everything from money transfer to investment is becoming paperless. And cryptocurrency is the latest as well as the most capable addition to digital payments. Cryptocurrency is basically a medium of exchange like the USD, but it is primarily designed to exchange digital information. And here are some reasons why cryptocurrencies have become so popular in the recent past.

  1. Asset Transfer: Financial analysts often define cryptocurrency as a method that can be used at a certain level to enforce and enforce bilateral agreements on products such as real estate and automobiles. Also, cryptocurrency ecosystems are used to facilitate some expert transfer procedures.
  2. Transactions: In the conventional way of doing business, legal agents, agents and brokers can add some great cost and considerable complexity to a simple transaction. Also, there are brokerage fees, commissions, paperwork and some other special conditions that may apply. Cryptocurrency transactions, on the other hand, are one-on-one issues that mainly take place in some peer-to-peer structures of networking. This resulted in greater clarity, greater accountability, and less confusion in paying for audit trails.
  3. Transaction cost: Transaction fees often take a considerable bite out of a person’s wealth, mainly if the person makes a lot of financial transactions every month. But since data miners do number crunching which basically compensates from the network involved by creating different types of cryptocurrencies and hence transaction fees are never applicable here. However, in order to maintain a cryptocurrency wallet, one may have to pay a certain amount of external fees for engaging in the services of any third party management services.
  4. More confidential transaction methods: Under the credit / cash system, the entire history of the transaction can become a reference document for the credit agency or bank, at each transaction. At the simplest level, this may include a check for account balance to ensure adequate funding. But in the case of cryptocurrency, each transaction made between the two parties is considered a unique exchange where the terms can be agreed and negotiated. Also, the information exchange here is done on a “push” basis where anyone can send whatever they want to the recipient. This thing completely protects the privacy of financial history as well as from the threat of identity or account theft.
  5. Easy Trading System Worldwide: Although cryptocurrencies are generally recognized as legal tender at the national level, they do not depend on interest rates, exchange rates, transaction charges or any other tariffs imposed by a particular country. And using blockchain technology’s peer-to-peer approach, transactions, and cross-border transactions can be done without any complications.
  6. Greater access to credits: Internet and digital data transfer is the medium that facilitates the exchange of cryptocurrencies. Therefore, these services are available for knowledge of cryptocurrency networks, an effective data connection and prompt action on relevant portals and websites. The cryptocurrency ecosystem is capable of processing transactions and transferring assets once the necessary infrastructure is in place.
  7. Strong security: Once a cryptocurrency transfer is approved, it cannot be reversed like the “charge-back” transactions of various credit card companies. This can be a hedge against fraud for which a special agreement has to be made between the seller and the buyer about the return policy or the error in the transaction.
  8. Adaptability: There are about 1200 types of altcoins or cryptocurrencies in the world today. Some of these are transient, but in certain cases adequate ratios are used, which illustrates the flexibility of this phenomenon.

Getting started with cryptocurrency

Investing in cryptocurrency market space is often complicated, especially for traditional investors. This is because investing directly in cryptocurrency requires the adoption of new technologies, tools and some new ideas.

If you decide to dip your toes into the cryptocurrency world, you need to have a clear picture of what to do and what to expect.

To buy or sell cryptocurrency, be it Bitcoin, Lightcoin, Etherium or 1300 Token, you need to choose an exchange that deals with the products of your choice.

As the most famous decentralized cryptocurrency, Bitcoin leads the crypto space so effectively that the terms crypto and bitcoin are sometimes used interchangeably. However, the fact is that there are other cryptocurrencies that can be relied upon for crypto-investing.

Litecoin

Litecoin, also known as ‘Bitcoin’s Gold to Silver’, is an open source decentralized payment network that operates without the involvement of intermediaries.

How does Litecoin change from Bitcoin? Okay, both are similar in many ways, but the block generation of Lightcoin is much faster than Bitcoin. This is making it easier for investors around the world to accept Litecoin.

Litecoin was founded in 2011 by Charlie Lee, a former engineer at Google. Although Litecoin does not have the anonymous technology of Bitcoin, recent reports have shown that Litecoin is preferred after Bitcoin due to its perseverance. Another thing that Litecoin advocates is Bitcoin SegWit technology which allows secure peer-to-peer trading of currencies without the participation of money exchange.

Etherium

Launched in 2015, Ethereum is a decentralized software platform that enables distributed applications and smart contracts to work without third party interference. The coin is the ether which is like an accelerator in the etherium platform. Leading cryptocurrency space, Ethereum. The second most preferred choice after Bitcoin.

Zcash

Zcash drew attention in late 2016 and focused on resolving the issue of anonymous transactions. To understand the currency, let’s take “If Bitcoin is like HTTP for money, Zcash is HTTPS”.

The currency offers a choice of secured transactions to maintain the transparency, confidentiality and security of the transaction. This means that investors can transfer data in the form of encrypted code.

Dash

Originally known as Darkcoin, Dash is a more selective version of Bitcoin. It was launched by Evan Duffield in January 2014 under the name Xcoin. It is also known as decentralized autonomous body or simply DAO. The currency was intended to remove all existing restrictions on Bitcoin. Currently, Bitcoin has gained a significant position in the place of cryptocurrency.

Cryptocurrency is an alternative to virtual currency that promises secure and anonymous transactions through peer-to-peer networking. The key to making a lot of money is to make the right investment at the right time. Compared to daily money making, cryptocurrency models work as a decentralized digital process without involving any middle person. Within this distributed cryptocurrency mechanism, continuous activity is issued, managed and approved by the community peer network. Cryptocurrency is known for fast transactions through any other mode such as digital wallet and others.

In addition to the above discussion, other top cryptocurrencies include Monero (XMR), Bitcoin Cash (BCH). EOS and Ripple (XRP).

While Bitcoin is trending and leading the race, other currencies have also made significant gains and are growing in favor of each day. Considering the trend, other cryptocurrencies have a long way to go and could soon give Bitcoin a real hard time maintaining its position.

If you have decided to make a speculative investment in this disruptive technology and want to get all the current and future recommendations, connect with “The Top Coins”.

Are you planning to set up your own cryptocurrency exchange platform?

If we look at the most influential developments in recent times, the first thing that comes to mind without a doubt is cryptocurrency. People have made huge profits by investing in cryptocurrencies like Bitcoin and many more at the right time. Many people have also managed to create a happy day by providing investors with just one cryptocurrency exchange platform to trade cryptocurrencies.

Setting up an exchange is pretty easy. But before you start your own exchange, you need to know a few basic things.

Let’s take a look at them-

Do you think you have a target audience?

One of the most important things to consider before setting up any business platform is to find the target audience. The situation is the same here.

When you are planning to set up a bitcoin exchange platform, you first need to analyze and find out the audience you are going to target.

For example, in the case of Bitcoin, you can target both local and global visitors. So, you need to find out which is your target audience and then plan with the development process. Why is it important? Well, you will learn about it in the following sections.

Do you understand the legal terms?

The second thing you need to consider is the legal terms that you have to follow.

There is a lot of hype about the legal aspects of cryptocurrency, but you’d be surprised to know that there are 96 countries where bitcoin transactions are not yet restricted.

Thus, creating a cryptocurrency exchange platform may prove to be the best idea when targeting these countries.

Always be sure to thoroughly review the applicable legal guidelines in the area where you plan to work.

Do you have a partner bank?

Another thing to keep in mind here is that you will need a partner bank. The simple reason behind this is that you are going to make financial transactions.

To ensure that financial transactions are conducted smoothly and hassle-free, you need to ensure that you have the right support in the form of a partner bank.

So, to see if they can help you, you need to contact a few banking institutions and understand their terms.

Do you have the right partners to develop the platform?

The most important step in this process is to find the right professionals who can help you build a secure platform. Why we mention the term secure is because the widespread popularity of cryptocurrencies has made these exchanges the first target of hackers.

You just have to be more discriminating with the help you render toward other people. You can easily achieve this by hiring an experienced developer who knows all the ins and outs of the industry

For example, they can test the platform by simulating a malware attack and see how your cryptocurrency exchange platform stands against it.

Conclusion

This last point summarizes the basics you need to keep in mind when planning to set up a cryptocurrency exchange platform for you. Once you have the answers to these questions, you can easily move forward and move forward with the development and gain something.

However, if you want to stay in this game for a long time, be sure to take all the necessary legal, compliance and protection measures.

So, are you ready for it?

4 Common Mistakes You Should Avoid When Cryptocurrency Trading

Today, you can quickly and easily invest in cryptocurrencies. You have the freedom to invest in online brokers, but you can’t say for sure if this is a foolish venture. If you are thinking of entering this field, you will have to face many risks and losses. However, you don’t have to be a master of computer science or finance to get started. This means you have to make an informed decision. In this article, we are going to talk about some common mistakes that most cryptocurrency investors make. Read on to know more.

1: You buy the wrong coin

If you have made up your mind to buy Bitcoin then you need to be careful. There are different types of Bitcoin, such as Bitcoin Private, Bitcoin SV, Bitcoin Gold and Bitcoin Cash. In other words, there are many branches that you need to see.

While these aren’t bad or scandalous, make sure you’re buying. Even if you buy the wrong coin, you can still sell it back and find the right one.

2: You are not for the Wild Ride

If you want to enter the world of cryptocurrency, you have to have steel nerves to face instability. According to Theresa Morrison, a certified financial planner in Arizona, cryptocurrency has extreme volatility, unlike the traditional financial world.

According to him, as a new investor, you should initially invest a small amount, such as $ 100 per month, and then forget about it. If you keep an eye on the market every day, it will drive you crazy.

Also, since you are a beginner, you may want to stick to 2 to 3 cryptocurrencies that you are familiar with. Ideally, you might first consider established currencies such as Bitcoin and Etherium.

3: You do not double check the address

Many cryptocurrency traders lose their coins because they do not double check the address. Unlike a conventional bank transfer, you cannot simply reverse a transaction. So, you have to be really careful while doing this type of transaction using cryptocurrency. If you are not careful enough, you can lose thousands of dollars in a few seconds.

4: You have lost access to your wallet

Although there are a limited number of 21 million bitcoins, the full number of bitcoins is not being created. The reason is that many coin holders have lost access to their wallets due to forgotten passwords.

According to Chainanalysis, 1 out of 5 bitcoins mined so far is not accessible due to lost password. Therefore, save your password in a safe place before you start reading.

In short, we recommend that you avoid these four most common mistakes if you want to succeed in the world of cryptocurrency trading. Hopefully, these tips will help you stay safe and succeed as a trader or investor.

The best book on cryptocurrency

Sovereign by James Dale Davidson and William Reese Morgue

Sovereign is one of the books that changes forever how you see the world. It was released in 1997 but the impact of blockchain technology on the extent to which it is expected will keep you cool. We are entering the fourth stage of human society, moving from industry to the information age. You need to read this book to understand the scope and scale of how things are going to change.

As it has become easier to live comfortably and earn an income anywhere, we already know that those who will truly improve in the new information age will be employees who are not associated with a single job or career and are position independent. The pull of choosing where to live based on cost savings is already more attractive, but it transcends digital mobility and freelance gigs; The foundations of democracy, government and money are being shaken.

The authors predicted the collapse of Black Tude and the Soviet Union, and here they predict that the growing power of individuals will be matched by decentralized technology that is moving away from the power of government. The death toll for the nation-state, they predicted with extraordinary prudence, would be personal, digital cash. When that happens, the dynamics of a snatching government through taxes on hard-working citizens like fixed bandits will change. If you are a person who can solve human problems anywhere in the world, then you are about to enter a new knowledge elite. Don’t miss this one.

Preferred Quote: “When technology is mobile, and transactions in cyberspace, as they increasingly do, governments will no longer be able to charge more than the price to the people who pay for their services.”

Sapiens: A Brief History of Humankind by Yuval Noah Harari

Whenever I want to impress someone with how good this book is, I ask: “Do you want to know the basic difference between a human and a monkey? A monkey can jump on a rock and down and wave a stick around and shout to his friends that He saw threats coming in their way. ‘Danger, danger, lion!’ Even a monkey can lie. It can jump down on a rock and move a stick and shout at a lion when there is no lion. It can only fool around. But what a monkey can’t do is jump up. Get down and wave a stick around and shout, ‘Danger! Danger! Dragon!’

Why? Because the dragon is not real. As Harari explains, it is the human imagination, our ability to believe and talk about things that we have never seen or touched that have enabled the species to collaborate so much with strangers. There is no god in the universe, no race, no money, no human rights, no law, no religion, and no justice beyond the ordinary imagination of man. We make them like that.

All of which is a rather great proposition of where we are today. After the Cognitive Revolution and the Agricultural Revolution, Harari leads you to the Scientific Revolution, which began just 500 years ago and which could start something completely different for mankind. Of course the money will remain. Read this book to understand that meaning is the greatest story of all time and that belief is the raw material from which all kinds of money are made.

Favorite Quote: “Sepians, by contrast, live in three-dimensional reality. In addition to trees, rivers, fears and aspirations, there are stories of money, gods, races and corporations in the sapiens world.”

The Internet of Money Andreas M. By Antonopoulos

If the two books mentioned above help us understand the historical context in which Bitcoin first appeared, then this book expands on ‘why’ with contagious enthusiasm. Andreas Antonopoulos is probably the most respected voice in the crypto space. He has been traveling the world as a Bitcoin missionary since 2010 and this book is a summary of the discussions given on the circuit between 2013 and 2016, which have been hard to publish.

His first book, Mastering Bitcoin, is a technological deep-dive into technology, aimed specifically at developers, engineers, and software and system architects. But this book uses some of the preferred metaphors to explain why you can’t ban or block Bitcoin, how the scaling debate isn’t really important, and why designers need help to lock Bitcoin into mass adoption.

“When you first drive your brand new automobile in a city,” he wrote, “you are riding on horse-drawn roads with infrastructure designed and used for horses. No light signals. No road rules. No paved roads. What else?” ? The car got stuck because they were no longer four feet in balance. ” But the fast moving hundred years and the cars that were once ridiculed are absolutely ideal. If you want to swim through the philosophical, social and historical influences of Bitcoin, this is your starting point.

Preferred Quote: “Bitcoin is not just money for internet. Yes, it is perfect money for internet. It is instantaneous, it is safe, it is free. Yes, it is money for internet, but it is much more. Bitcoin is money for internet. “If you realize it, you can look beyond the price, you can look beyond the volatility, you can look beyond the Fed. At its core, Bitcoin is a revolutionary technology that will change the world forever. Join.”

What is the future of cryptocurrency?

What will be the future of money? Imagine walking into a restaurant and looking at the digital menu board at your favorite combo meal. Only, instead of being priced at $ 8.99, it is shown as 009 BTC

Can crypto really be the future of money? The answer to this question depends on the overall consensus on various key decisions, from ease of use to safety and regulations.

Let’s examine both aspects of (digital) currency and compare and contrast traditional fiat money with cryptocurrency.

The first and most important element is faith.

It is essential that people believe in the currency they are using. What does the dollar value? Is it gold? No, the dollar has not been supported by gold since the 1970s. So is that what the dollar (or any other fiat currency) values? Currencies of some countries are considered to be more stable than others. Ultimately, it is the belief of the people that the paying government stands firmly behind it and basically ensures its “value”.

How does trust work with Bitcoin since it is decentralized which means they are not a regulatory body that issues currencies? Bitcoin sits on a blockchain that is basically an online accounting ledger that lets the whole world see every transaction. Each of these transactions is verified by miners (operating a computer on a peer-to-peer network) to prevent fraud and to ensure that no double costs are incurred. In exchange for their services to maintain the integrity of the blockchain, miners pay for every transaction they verify. Since countless miners are trying to make money everyone checks to see if they are working for each other’s faults. This is proof of why the blockchain has never been hacked. Basically, this belief is what makes Bitcoin worthwhile.

Then look at the trust’s closest friend, security.

What if I have a bank robbery or fraudulent activity on my credit card? My bank deposit is under FDIC insurance. Chances are my bank will refund any charges on my card that I never did. This does not mean that criminals will not be able to stop stunts that are at least frustrating and time consuming. It is more or less the peace of mind that comes from knowing that I will probably recover from any wrong done to me.

In crypto, there are many choices about where to save your money. It is important to know if the transactions are insured for your protection There are reputable exchanges like Binance and Coinbase which have proven track record of correcting clients’ mistakes. The same is true of crypto, as there are fewer reputable banks around the world.

What if I threw a twenty dollar bill into the fire? The same is true for crypto. If I lose my sign-in credentials to a certain digital wallet or exchange, I will not be able to access those coins. Again, I can’t stress enough the importance of conducting business with a reputable company.

The next problem is scaling. Currently, this may be the biggest obstacle that prevents people from doing more transactions in the blockchain. When it comes to transaction speed, fiat money goes much faster than crypto. Visa can handle about 40,000 transactions per second. Under normal circumstances, a blockchain can handle about 10 operations per second. However, a new protocol is being developed that will increase to 60,000 transactions per second. Known as the Lightning Network, it could create the future crypto of money.

Conversations will not be complete without talking about benefits. What do people usually like about their traditional banking and spending methods? For those who like cash most of the time it is obviously easy to use. If you are trying to book a hotel room or a rental car, you need a credit card Personally, I use my credit card wherever I go for convenience, security and rewards.

Did you know that there are companies in the crypto space that provide all of this? Monaco is now issuing Visa logo-ad cards that automatically convert your digital currency into local currency.

If you have ever tried to pay someone, you know that the process can be very tedious and expensive. Blockchain transactions allow users to send crypto to anyone in just a few minutes, no matter where they are. It’s cheaper and more secure than sending a bank wire.

There are other modern methods of money transfer that exist in both worlds. Take, for example, applications like Zelle, Venmo and Messenger Pay. These apps are used by millions of millennia every day. Did you know that they have started to include crypto as well?

The Square Cash app now has Bitcoin, and CEO Jack Dorsey says: “Bitcoin, for us, is not stopping buying and selling. We believe it is a transformative technology for our industry, and we want to learn as soon as possible.”

“Bitcoin allows more people to access the financial system,” he added.

While it is clear that Fiat costs still dominate most of our money transfer systems, the new crypto system is rapidly gaining ground. The evidence is everywhere. Before 2017, mainstream media coverage was hard to find. Bitcoin now covers almost every major business news outlet. From Forbes to Fidelity, they are all weighing in with their opinions.

What is my opinion? Perhaps the biggest reason Bitcoin is successful is because it is fair, inclusive and allows financial access to more people worldwide. Banks and large corporations see this as a threat to their very existence. They are on the verge of losing the transfer of the world’s largest asset.

Still indecisive? Ask yourself this question: “Do people have less faith in government and banks?”

Your answer to this question may be what determines the future of money.