Blockchain | Everything You Need To Know

Everything About Blockchain & Blockchain Wallets

The evolution and rise of cryptocurrencies or digital currencies and related activities are changing an array of industries such as finance, healthcare, and many more with the speed of light. Cryptocurrencies are causing a spur with their skyrocketing value. And due to this, the demand for a safe, secure, and reputable wallet is also escalating.

A blockchain wallet is one such wallet that meets the criteria of the best cryptocurrency wallet. Most of the people are doubtful about how exactly these blockchain wallets should work, how secured transactions are, how they store digital currencies, and so on. The following blog shares insights about Blockchain, Blockchain wallets and its related aspects (How does it work, security, development, etc). 

What is blockchain? A brief look.

In the most simple terms, blockchain is a chain of blocks. The ‘blocks’ are the digital information whereas the ‘chain’ is the public database. The blocks in the blockchain are made up of digital pieces of information which are stored in a public database. Specifically, they consist of three parts:

  1. Blocks have all the information about the transactions (like date, time, and amount).
  2. Blocks consist of all the information of the user participating in transactions. Your purchase does not use your actual name but using a unique ‘digital signature’, like a username.
  3. Each block stores different information that distinguishes them from other blocks. The block stores a unique code known as ‘hash’ that separates it from every other block. Though the details of each transaction are nearly identical but can be identified as separate because of their unique codes.

When a block stores new data, it is added to the blockchain and it becomes available for anyone to view. On the whole, Blockchain tries to improve information security as well as transparency by sharing encrypted data amid peer-to-peer (P2P) networks.

What are Blockchain Wallets?

A Blockchain wallet is a software program that allows users to buy, sell, and monitor their digital currency (or assets or cryptocurrencies). If you are ardently into cryptocurrency exchange, then you must use a Blockchain wallet. Blockchain offers different types of wallets that are discussed in the next section.
Blockchain wallets keep a record of all the transactions (sell, buy, exchange) related to the cryptocurrency and store them on Blockchain. 

How do Blockchain Wallets work?

Public and private keys (non-identical pairs of large numbers in which one key can be shared with anyone and the other is kept a secret) are stored in a cryptocurrency wallet for the transaction. This wallet interacts with various Blockchains to confirm or accept a transaction, thus enabling users to purchase or sell one or more than one cryptocurrencies.

A blockchain wallet is widely recognized and preferred due to its best in class security. It makes sure that your crypto is fully secured giving you full control, backs up your funds, and protects them from unauthorized access. You become your own bank with the blockchain wallet.

What are the types of blockchain wallets?

Basically, there are three types of cryptocurrency wallets which store and reflect a transaction on the Blockchain.

1. Software Wallets
These wallets can be downloaded on a device or can be accessed online. Further, these wallets are categorized into three types depending upon the type of device. They are as follows-

Desktop: You can download these wallets on a PC or a laptop. This can only be accessed from the system they are installed on. They are a safe choice given that your system stays protected against virus attacks. 

Online: These wallets run on the cloud and hence you have the advantage of accessing them from any device through a web browser. However, since the private keys for a transaction in these wallets are saved online and controlled by the third-party, it becomes a vulnerable option to pick them.

Mobile: Mobile wallets are available as a mobile application making them accessible anytime and anywhere. Also, the ability to scan QR codes offers easier and faster transactions. It is the most popular choice amongst the three software wallet categories.

  1. Hardware Wallets
    Hardware wallets keep private keys of the users on a hardware device. The hardware wallets are compatible with various web interfaces and offering support to multiple cryptocurrencies. In order to use them, you need to connect them to any internet-enabled device, enter the pin, and confirm. Hardware wallets store all currencies offline and hence, are the securest wallet options available.
  2. Paper Wallets
    The public and private keys are generated with a software application and then printed to make a transaction in the paper wallets. To buy and sell assets, paper wallets generally work with software wallets. The assets are transferred from software wallets to a public address on paper.
    To unlock the funds, the cryptocurrencies are transferred from paper to software wallet. You can either scan the QR code or add the keys manually. 

While, in the crypto sphere, there is no such thing as 100% secure. All you need to adopt is adequate security measures, pick any of the three software wallets, and sit back and relax. Moreover, the number of cryptocurrencies is growing at a fast rate. If you are dealing with multiple currencies for receiving or transferring funds, there is no need to have a separate wallet for every currency. It will be daunting to handle so many wallets. It is highly recommended to go for a multi-currency wallet which is a better and flexible choice.  Call us Now! – 18889087930
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Which Wallet Does Support Bitcoin Gold

Definition | Cryptocurrency

A cryptocurrency or digital currency is simply a medium of exchange like local or fiat currencies. It uses the method of cryptography to secure financial transactions, control additional units’ creation, and validate the transfer of the assets of a user. Cryptocurrencies are not controlled by a decentralized network of users and are not subject to the whims of government or central authority. Moreover, the cryptocurrency is not issued by a central authority hence, the government cannot take it away from you.

Today, we have hundreds of cryptocurrencies that are in use such as Bitcoin, Litecoin, Ethereum, Bitcoin Cash and Bitcoin Gold. By far, Bitcoin is the most popular and widely used cryptocurrency that gave rise to the other digital coins and altcoins.

Why digital currencies are quickly gaining the public eye? Some of the compelling reasons are that they are easy to use, decentralized, can be used internationally, offer low operational fees as well as fast transactions, transparent, anonymous and highly secured.

In this blog, we are going to get familiar with one of the popular cryptocurrency i.e. Bitcoin Gold and some of the safe wallets for Bitcoin Gold. Call us Now! – 18889087930

Bitcoin Gold | For everyone | For everything

Cryptocurrency forks have become quite common. One of the biggest bitcoin forks that took place in October 2017 is Bitcoin Gold. The key reason behind the launch of Bitcoin gold has been to make bitcoin decentralized again.
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Bitcoin: A P2P Digital Cash System

A Comprehensive Guide On Bitcoin

Blockchain is the tech. Bitcoin is merely the first mainstream manifestation of its potential.
Marc Kenigsberg, founder of Bitcoin Chaser

Once upon a time, there was an anonymous person or a group of persons named Satoshi Nakamoto, who, in 2008, published a paper on the cryptography discussing the bitcoin digital currency. The paper was titled ‘Bitcoin: A Peer-to-Peer Electronic Cash System’. His objective was to produce a means of exchange, which is free of any central authority and could be transferred digitally in a secure, provable and unchangeable.

Satoshi released the first bitcoin software in January 2009 with the launch of the first units of the bitcoin cryptocurrency, called bitcoins. It is an open-source project. Soon, people started to take an interest in it and how it can help them make a fortune with minimal investment.

And one day, the person or group of persons disappeared into the thin air. It has been a crazy 11 years since the release of Bitcoin and the mystery of Satoshi Nakamoto remains unsolved. Today, he is regarded as a philosophical godfather of all other cryptocurrencies other than Bitcoin.

Bitcoin in detail

A decentralized form of digital cash, Bitcoin eliminates the need for mediators like banks and governments to make transactions. Besides, Bitcoin is powered through a combination of peer-to-peer (P2P) technology. The system is simple and organized.

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As stated by Peter Diamandis (Founder and chairman of the X prize foundation), “At its core, bitcoin is a smart currency, designed by very forward-thinking engineers. It eliminates the need for banks, gets rid of credit card fees, currency exchange fees, money transfer fees, and reduces the need for lawyers in transition 1… all good things.”
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How To Buy Different Cryptocurrencies On Coinbase?

Coinbase: The Best Place To Buy Crypto

The crypto space is getting more and more popular and moving into the mainstream for all the right reasons. You may term it as ‘the brand’.
The modern era of decentralized cryptocurrencies began in 2009 with the advent of Bitcoin. The effect of cryptocurrencies is not only limited to the financial or economic industries but in different markets as well all across the world. If you are about to taste the goodness of cryptocurrency, this blog is just for you.

In this blog, we are going to jot down our end-to-end view of cryptocurrencies and how you can buy these cryptocurrencies via Coinbase.

What are cryptocurrencies and what are its uses?

A cryptocurrency is a medium of exchange. It is a virtual/digital form of payment that can be exchanged online for goods or services. They are decentralized in nature i.e. Where local currencies are issued by a central bank, cryptocurrencies eliminate the mediator as a peer-to-peer (P2P) system. Cryptocurrencies work on a technology called a blockchain. Blockchain is a technology that manages and records transactions.

The crypto market is littered with multiple cryptocurrencies that are widely used. Some of the most popular and the biggest are Ripple, LiteCoin, and Ethererum. However, it is Bitcoin which remains the largest and most talked-about cryptocurrency. Some of the impressive uses of cryptocurrencies are-

  1. It exempts the central regulations imposed by banks or governments. The sole responsibility is given in to the hand of the user. He/She can do peer-to-peer (P2P) transactions all around the world in the blink of an eye without paying hefty charges to banks.
  2. It offers lower transaction fees. It is generally cheaper than traditional online transactions.
  3. Anonymity; Your identity is kept safe and is not revealed to anyone.
  4. Since they are present in digital forms, they can be carried anywhere without the fear of loss or theft. Just store it online in a personal wallet and remember the key.
  5. The currency is not affected by any of the government policies imposed on fiat currencies.
  6. Most importantly; you own it and you are your own bank.

On the whole, cryptocurrency is like a fresh breath of air in terms of money. It has the power to fundamentally alter the financial system for the better.

So, did we trigger your interest in becoming the proud owner of any one of these? Yes or darn right? Scroll down to know how you can buy the coins (digital coins) of your choice. Call us Now! – 18889087930
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My Coinbase Transaction Is Not Showing Up. What To Do

Coinbase Transactions Not Showing Up? Here’s What You Can Do

Did you ever thought of using your computer to make money? We believe the most common answer would be No. When Satoshi Nakamoto first created Bitcoin, he probably had no clue that it would rise to become the internet’s favorite cryptocurrency and in fact, pave the way for other altcoins and turn people, millionaires, overnight. The craze did not stop here. With the mania of people getting rich from trading cryptocurrencies, people, in fact, quit their jobs to work online. The cryptocurrencies are rising in value. Do you want to get into the game but don’t know how to start? Allow us to be the light of your crypto path.

Cryptocurrency – The digital money

Cryptocurrency is virtual money and is available online. You can exchange cryptocurrencies without the need of a mediator. Bitcoin, LiteCoin, Bitcoin Cash, and Ethereum are some of the well-known cryptocurrencies, but new cryptocurrencies continue to make their way now and then.

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One can buy cryptocurrency with a credit card, debit card, or any other means depending on the policies of cryptocurrency exchange platforms. Where is it stored? The digital coins are stored in a digital wallet – either online, on your computer, or on any other hardware wallet.

Heads-up! Cryptocurrencies are not accepted universally like a regular currency. You can only use them online and to some retailers. 

For those who wish to own cryptocurrencies, they need to make use of the cryptocurrency exchange platforms to buy and trade them. Some of the key ones are Coinbase, Coinsetter, Bitsamp, and BTC-e. In this blog, we are going to discuss why you should prefer Coinbase, how can you buy digital currency with Coinbase, how to check for confirmation and what to do in case your Coinbase’s transaction doesn’t show up.
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How Can A User Sell Or Cash Out Its Digital Currency?

Everything You Need To Know To Buy Or Sell Digital Currency

Evolving technologies have become significant to modern living. These technologies are transforming the virtual as well as real-world digitally and are altering the business’s environment as well.

More and more businesses are adapting and transforming digitally to improve efficiencies, stimulate innovation and get ahead with consumer expectations.

Cryptocurrency – The future of money

Who would have thought that the idea of digital transformation will be implemented on the currency as well!

What do we actually mean by cryptocurrency? Cryptocurrency is a type of currency that is available only in digital/electronic form and not in physical form. It is digital, decentralized, peer-to-peer, pseudonymous, trustless, encrypted and global. All in all, it is digital money for a digital age.
The thing also goes by the name of digital money, electronic money, electronic currency, or cybercash.

Cryptocurrency influences blockchain (a distributed ledger technology (DLT) that remove third parties from the systems) technology to pick up decentralization, immutability, and transparency.

Why transfer cryptocurrency to your bank account?
For more than a decade now, the popularity of Bitcoin and other cryptocurrencies has escalated considerably, given their public interest, large trading volume, capital invested, and much more. Call us Now! – 18889087930

Please note that like any of the standard fiat currency, digital currencies can also be used to purchase goods as well as to pay for a service. Though cryptocurrencies have grown by leaps and bounds, it is rarer for actual stores to accept it as a payment method. Many brokers/dealers, still, don’t accept cryptocurrency as a payment method.
Hence, it makes sense to cash out your digital currency after a certain period.

Additionally, if the price of a particular currency is constantly sinking and you wish to protect yourself from losses, it’s time you transfer your cryptocurrency to your bank account.

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How to activate Chase Ucard

Steps to activate Chase U Card

J.P.Morgan Chase Ucard Center account services are for providing online banking services to the users. These services are also provided in the form of a card called chase Ucard to the people receiving government assistance.

What you can do with a Chase U Card?

Users of this card can shop and buy all the needful using cards in place of paying cash. Money is transferred to the seller via this card by EBT or Electric Benefit Transfer method. Different Chase Ucard ATMs are also located in the US and UK at many places where you can make transactions. Read More