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How to Easily Secure Your Favorite Cryptos with the Ledger Nano S
 
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Thinking about purchasing a Ledger Nano Hardware Wallet? Browse their official website: https://www.ledgerwallet.com/r/67ef Want to join coinbase to begin your crypto journey? Here’s a link to get free $10: https://www.coinbase.com/join/558828dc34383271a500003b Find me on Steemit: www.steemit.com/@heiditravels Twitter: @blockchainchick Instagram: @hheidiann If you’re looking for an app that tracks the price of BTC & ETH and many other coins, check out the CoinView App: https://play.google.com/store/apps/details?id=br.com.freeflowt.coinview LINKS FOR ADDITIONAL READING FOR THIS VIDEO & ALL INFO IN TEXT DOWN BELOW
Views: 76108 Crypto Tips
Learning Crypto: The Difference Between Cryptocurrencies and Tokens
 
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Thinking about purchasing a Ledger Nano Hardware Wallet? Browse their official website: https://www.ledgerwallet.com/r/67ef Want to join coinbase to begin your crypto journey? Here’s a link to get free $10: https://www.coinbase.com/join/558828dc34383271a500003b Step up your game and Check Out Binance too: https://www.binance.com/?ref=10080191 Join the Robinhood app and invite your friends to Robinhood and win free stock. Here's my invite: http://share.robinhood.com/heidic1 Find me on Steemit: www.steemit.com/@heiditravels Twitter: @blockchainchick Instagram: @hheidiann If you’re looking for an app that tracks the price of BTC & ETH and many other coins, check out the CoinView App: https://play.google.com/store/apps/details?id=br.com.freeflowt.coinview LINKS FOR ADDITIONAL READING FOR THIS VIDEO & ALL INFO IN TEXT DOWN BELOW Let’s take a look at the difference between tokens and coins. https://www.coinstaker.com/crypto-token/ http://fortune.com/2017/07/26/sec-icos/ A cryptocurrency, or coin is a unit of value that exists on its own blockchain, like Bitcoin, Ethereum, Dash, NEM and Steem. A token is a unit of value that is created on a blockchain that acts as a host for it, so tokens do not have their own blockchains. Additionally, “…tokens give the holder a right to participate in a given blockchain activity.” [Source](http://fortune.com/2017/07/26/sec-icos/) You may have heard the phrase ERC20 tokens, these are tokens that have been created using the ethereum blockchain. But Ethereum isn’t the only platform designed for this. https://www.ethereum.org/token https://wavesplatform.com/ https://bitshares.org/technology/user-issued-assets/ https://smt.steem.io/ Ethereum is definitely one of the most popular options for those looking to create tokens and hold ICOs but there are other platforms like Waves, Bitshares and soon to be Steem with their Smart Media Tokens. This allows people to utilize tokens to create a community and another way to monetize things they create, like content, goods and services. Now that you’re a bit more familiar with the difference between tokens and crypto coins, or currencies, It’s very important to know what the tokens were created for, especially if you are a U.S. citizen, and here’s why: http://fortune.com/2017/07/26/sec-icos/ https://www.sec.gov/litigation/investreport/34-81207.pdf https://www.coindesk.com/utility-coins-crypto-assets-token-terminology-one-big-gray-area/ Back in July the SEC, which is the US securities and exchange commission, ruled that the DAO token was considered a security. Bottom line here being that If you want to sell securities, you need to license them. https://medium.com/startup-grind/understanding-the-difference-between-coins-utility-tokens-and-tokenized-securities-a6522655fb91 This has created a bit of a panic in the ICO and token realm. Now we are seeing new labels like utility tokens and app tokens. These are attempts to differentiate between tokens that are considered securities and those that are designed for real use cases. Because this entire wave of cryptocurrencies and tokens is new and innovative, naturally it is having to navigate uncharted waters with these legalities. https://bitcoinmagazine.com/articles/sec-weighs-ico-tokens-securities-ether-still-labeled-currency/ No one wants to suffer the wrath of the US government due to unknowingly purchasing tokens that are considered securities. Everyone needs to understand that the unprecedented nature of this situation means that labels are pretty arbitrary at this point and the regulations will continue to evolve. So consider this my strong advisement to do your own research and educate yourself before taking part in ICOs or purchasing tokens that could be considered securities.
Views: 9156 Crypto Tips
Bitcoin Price Predictions for 2018: Part 1
 
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Thinking about purchasing a Ledger Nano Hardware Wallet? Browse their official website: https://www.ledgerwallet.com/r/67ef Want to join coinbase to begin your crypto journey? Here’s a link to get free $10: https://www.coinbase.com/join/558828dc34383271a500003b Step up your game and Check Out Binance too: https://www.binance.com/?ref=10080191 Join the Robinhood app and invite your friends to Robinhood and win free stock. Here's my invite: http://share.robinhood.com/heidic1 Find me on Steemit: www.steemit.com/@heiditravels Twitter: @blockchainchick Instagram: @hheidiann If you’re looking for an app that tracks the price of BTC & ETH and many other coins, check out the CoinView App: https://play.google.com/store/apps/details?id=br.com.freeflowt.coinview LINKS FOR ADDITIONAL READING FOR THIS VIDEO & ALL INFO IN TEXT DOWN BELOW Tim Draper http://timothydraper.com/ http://timothydraper.com/timBio.html Predictions (2014): https://www.forbes.com/sites/jessedamiani/2017/11/26/10k-bitcoin-by-2018-looks-like-tim-draper-was-on-the-money/#589987d53295 Predictions (2018): https://smartereum.com/3330/bitcoin-forecast-can-bitcoin-price-worth-more-than-100k-sun-apr-1/ Tom Lee http://www.fundstrat.com/firm/team/ Prediction: https://www.newsbtc.com/2018/02/28/wall-street-analyst-tommy-lee-predicts-bitcoin-surge-retailer-adoption/ Ronnie Moas https://www.linkedin.com/in/ronnie-moas-127653b/ Prediction: https://cointelegraph.com/news/bitcoin-destined-for-28000-in-2018-moas Prediction: https://themerkle.com/ronnie-moas-thinks-300000-is-a-realistic-bitcoin-price-target/ Before we dive right in, I want to mention that there is one very important factor that exists now which wasn’t an issue when many of these predictions were made. That is, the influence of the CME over the markets now. The futures trading happening now has opened the door for market manipulation that just didn’t exist before. This is also why I think we’ll find that many of the BTC predictions that have been made in the past have turned out to be a bit inaccurate so far this year. Tim Draper: He is a venture capitalist who created the Draper Associates which eventually merged with others to become DFJ. He also is the one to blame for the creation of viral marketing. So you can say that he understands the psychology of markets. He’s also been a heavy investor for a lot of blockchain startups like Factom. Back in 2014 Tim had predicted BTC’s price to hit $10,000 by 2018. More recently he’s been predicting that Bitcoin will hit the $100,000 mark. This could happen if a majority of the fiat market moves to cryptocurrencies. His belief in the future of Bitcoin is solidified in its characteristics of being borderless, with a set supply matched with the demand from the free market. Tom Lee: He is a managing partner at the financial research company Fundstrat, and about a month ago when the over all morale of those in the crypto market pretty closely reflected the dropping of price of that market, Tom was recognizing how the decisions of big international companies could change things around. Companies like Starbucks, Amazon and Rakuten all have expressed interest in exploring how digital currencies and blockchain tech can be a part of their business models in the new future. With heavy hitters like these potentially adopting cryptocurrencies and blockchain tech, they’d bring with them a major increase of users as well. Tom says that we could be seeing $20,000 bitcoin by the middle of this year and $25,000 bitcoin by the end of 2018. Last July he also predicted that Bitcoin could go to $55,000 by 2022. Ronnie Moas: He’s the founder of Standpoint Research and has established himself as a credible and accurate analyst. He’s thrown out pretty big numbers for Bitcoin at different stages of its existence. He sees Bitcoin “ending up” at around $300,000-$400,000 per coin. He justifies this by the fact that there is 200 trillion dollars invested in stocks, bonds, gold and cash, all of which are over valued. If only 2% of this money is moved into cryptocurrencies, this would bring the total market cap for cryptocurrencies to 4 trillion dollars. Also, the global rate of adoption for cryptocurrency wallets has been about 1-2 million people. In a few years from now, this may result in a few hundred million people trying to get a hold of a few million Bitcoin. He also makes a point the clarify that about a quarter of the current supply of Bitcoin has already been lost forever, not to mention the fact that there are some hardcore holders who will never sell. His target for 2018 is $28,000. Tomorrow’s video will be covering the predictions made by the likes of Trace Mayer, Max Keiser, Cliff High and John McAfee.
Views: 24708 Crypto Tips
How to Earn a Passive Income with Cryptocurrencies
 
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Thinking about purchasing a Ledger Nano Hardware Wallet? Browse their official website: https://www.ledgerwallet.com/r/67ef Want to join coinbase to begin your crypto journey? Here’s a link to get free $10: https://www.coinbase.com/join/558828dc34383271a500003b Find me on Steemit: www.steemit.com/@heiditravels Twitter: @blockchainchick Instagram: @hheidiann If you’re looking for an app that tracks the price of BTC & ETH and many other coins, check out the CoinView App: https://play.google.com/store/apps/details?id=br.com.freeflowt.coinview Donation Addresses: Bitcoin (BTC): 16gwMprXw5ss8Nk23CU8Jc6XtVf7KYF621 Ethereum (ETH): 0xac5223209791820b4c37f6f6b4b5d249d25d55ac Dash: XuvS5TzRSRGbNZM2va9KXYxF6QBqQ4tVQp LINKS FOR ADDITIONAL READING FOR THIS VIDEO & ALL INFO IN TEXT DOWN BELOW Steemit: www.steemit.com LBRY: https://lbry.io/ SingularDTV: https://singulardtv.com/ Brave: https://brave.com/ SmartCash: https://smartcash.cc/ ARK: https://ark.io/ DecentBet: https://www.decent.bet/ NEO: https://neo.org/ Storj: https://storj.io/ Sia: https://sia.tech/ Masternode Website: https://masternodes.online/ So this has inspired me to create a video series that will highlight ways that you can earn a passive income with crypto. I’ll be covering these projects in more detail in future videos but here are some ideas to get your own creativity flowing in the meantime —— For content creators of all types, you’ve got blogging type platforms like Steemit, video and music oriented platforms like LBRY, and SingularDTV, there’s also Brave, which enables websites to receive funding from those who frequent their sites. And then there are the more passive type incomes you can earn by merely holding certain cryptos in the right type of wallet. These options include: Smartcash, SingularDTV, ARK, DecentBet, and NEO to name a few. With the decentralized internet comes the notion of decentralized storage. There are platforms that allow you to rent out your unused disk space for payments of their coins, you can do this with Storj and SIA. Lastly there are the prized masternodes, these are often times quite expensive to get since they require you to own large amounts of the certain crypto and you will need to lock these up if you want to get paid. But I’ve found a cool site that shows you how to find affordable masternodes. Again, I will be diving much deeper into each of these categories to give you a better idea of how these platforms work and what is needed for you to get paid. So in the meantime feel free to look into any of these options if they appeal to you.
Views: 43725 Crypto Tips
How to Store Your Bitcoin, Ethereum, Dash, etc...
 
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Thinking about purchasing a Ledger Nano Hardware Wallet? Browse their official website: https://www.ledgerwallet.com/r/67ef Want to join coinbase to begin your crypto journey? Here’s a link to get free $10: https://www.coinbase.com/join/558828dc34383271a500003b Find me on Steemit: www.steemit.com/@heiditravels Twitter: @blockchainchick Instagram: @hheidiann If you’re looking for an app that tracks the price of BTC & ETH and many other coins, check out the CoinView App: https://play.google.com/store/apps/details?id=br.com.freeflowt.coinview Donation Addresses: Bitcoin (BTC): 16gwMprXw5ss8Nk23CU8Jc6XtVf7KYF621 Ethereum (ETH): 0xac5223209791820b4c37f6f6b4b5d249d25d55ac Dash: XuvS5TzRSRGbNZM2va9KXYxF6QBqQ4tVQp LINKS FOR ADDITIONAL READING FOR THIS VIDEO & ALL INFO IN TEXT DOWN BELOW Trezor wallet: https://trezor.io/ Ledger wallet: https://ledgerwallet.com/r/67ef KeepKey wallet: https://www.keepkey.com/ List of all BTC wallets https://bitcoin.org/en/choose-your-wallet Learn how to use a paper wallet: http://www.coindesk.com/information/paper-wallet-tutorial/ More on Crypto Official Wallets: https://minergate.com/blog/crypto-wallets-essentials/ If you plan on trading coins regularly, it makes more sense for you to store the coins you want to trade frequently on the online exchange that supports that coin. Exchanges are the easiest way to store your cryptos, but it is by far the least secure. In order to help counteract this vulnerability, the very least you can do is use a very secure password along with two factor authentification. I suggest using a password generator that includes upper and lowercase letters and numbers that is 16 characters long. You can download the free Google authenticator app and link this to any exchange you use. If you are looking to store your crypto for the long term, and you don’t have an interest in trading or transferring them, then I’d suggest looking into what is called “cold storage” wallets. These come in the form of paper wallets and hardware wallets. Cold storage refers to the fact that your coins will be taken offline. These cold storage wallets will give you peace of mind knowing that there is no way for a hacker to access your coins- that is until you decide to bring them back online to either sell or to transfer to a different location. Cold storage is very secure, however they are not the most convenient. Paper wallets can be produced using bit address.org for bitcoin, or you can use walletgenerator.net for other crypto coins. Or you can purchase hardware wallets which are relatively easy to setup and are more convenient for making transactions with your coins than a paper wallet. I’ll include links in the description of this video so you can explore hardware wallets like the tremor, ledger nano S, and the keepKey. Here is a link to a couple of my past videos that spotlight these hardware wallets. There are a couple of things you need to remember when setting up and using a cold storage option. If you are using a paper wallet, upon setup, remember to disable your wifi or internet connection when the address is being produced. Also, never keep any coins in a wallet that you have exposed the private key. If you want to withdraw any crypto out of your paper wallet, I highly suggest that you take everything out of the wallet and if you have any remaining coins you wish to keep in cold storage, make a new paper wallet for them. You can always download the official wallet of the coin onto your computer, for example, you can download the bitcoin core wallet, or the ethereum wallet, the ripple wallet, the dash wallet, the zcash wallet, and on and on, the list continues for all other crypto coins as well. These official wallets are all different with different pros and cons and capabilities. These wallets are far more secure than holding your coins on an exchange, these wallets also make tranferring these coins easier than using cold storage. One major benefit for using official wallets, particularly the ethereum wallet, is the fact that many ICO’s utilize ethereum and in fact require you to invest ether by only using an official ethereum or mist wallet. You can and absolutely should backup these wallets by saving your .dat file on a USB drive in case your computer is lost or damaged. But, these wallets do take up space on your computer, and they might be confusing and are almost always time consuming to set up, however I highly reccomend using these wallets if you don’t want to worry about the lack of security on exchanges, or the hassle of transferring them in and out of cold storage.
Views: 110521 Crypto Tips
What You NEED to Know Before Purchasing Wanchain
 
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Thinking about purchasing a Ledger Nano Hardware Wallet? Browse their official website: https://www.ledgerwallet.com/r/67ef Want to join coinbase to begin your crypto journey? Here’s a link to get free $10: https://www.coinbase.com/join/558828dc34383271a500003b Find me on Steemit: www.steemit.com/@heiditravels Twitter: @blockchainchick Instagram: @hheidiann If you’re looking for an app that tracks the price of BTC & ETH and many other coins, check out the CoinView App: https://play.google.com/store/apps/details?id=br.com.freeflowt.coinview LINKS FOR ADDITIONAL READING FOR THIS VIDEO & ALL INFO IN TEXT DOWN BELOW Wanchain- “Distributed Bank” Website: https://www.wanchain.org/ White paper: https://www.wanchain.org/files/Wanchain-Whitepaper-EN-version.pdf Review of their ICO: https://icodrops.com/wanchain/ Twitter account: https://twitter.com/wanchain_org Telegram: https://t.me/WanchainANN Discord: https://discordapp.com/invite/3DpeV6W Reddit: https://www.reddit.com/r/wanchain/ Facebook: https://www.facebook.com/wanchainfoundation/ Weibo: https://www.weibo.com/login.php Understading the difference between public/private/consortium blockchains: https://www.blockchaindailynews.com/The-difference-between-a-Private-Public-Consortium-Blockchain_a24681.html Medium article by Oliver Birch of Wanchain: “The main goal of Wanchain is to solve the issue of value transfers between different ledgers.” https://medium.com/@interblockchains/wanchain-interoperability-420e5022c138 President of Wanchain explaining why the tokens on EtherDelta will be difficult if not impossible to be redeemed on the platform: https://twitter.com/wanchain_org/status/946543948192915456 Wanchain AMA Q&A’s: https://www.reddit.com/r/wanchain/comments/7qkh8m/this_is_wanchain_ask_us_anything/?limit=500 Addressing the FOMO with good perspective: https://www.reddit.com/r/wanchain/comments/7rne3q/your_profits_may_not_be_what_you_are_hoping_for/ There are some important things you should know before purchasing Wancoin, so let’s get right into it. Founded by Jack Lu, the same man who brought us Factom back in 2014. The entire team behind wanchain is impressive to say the least. This team is stacked. Not only do they have a long list of individuals rich with encryption, software development and blockchain experience, but they also have a few solid individuals handling the marketing side of things. Both of which are paramount for any crypto project to have a chance at success. According to Oliver Birch of Wanchain, at its core, Wanchain wants to address the problem of value transfers between different ledgers or blockchains, and also achieve a more widely spread blockchain technology and digital asset applications. (https://medium.com/@interblockchains/wanchain-interoperability-420e5022c138) According to their white paper they plan to achieve this by pursuing * Cross-chain asset transfer * Transaction privacy protection * Functional Extensibility They aren’t exactly the first to pursue cross-chain transactions, but they are coupling this with privacy features like ring signatures, you might recognize this one from Monero, and also single use accounts. If you’re interested in learning more on how Wanchain’s protocol completely removes the third party problem then I definitely suggest going over their white paper, it’s very well written and they go over in detail how they will achieve this and how their privacy features work. What the coin is for: Wancoin is used to pay for the fees on the network, and they are also necessary for ensuring cross-chain transactions. Because the coin is directly related to the cross-chain transactions occurring through Wanchain, the more cross-chain transactions occur, the more valuable wancoin will become. (article from Oliver Birch) Ok so let’s say you’re interested in purchasing some wancoin. They had a massively successful ICO that sold out quickly. If you didn’t get the chance to take part in it, usually your best bet is to purchase the tokens on EtherDelta. EtherDelta is that one decentralized exchange that lists nearly all ERC20 tokens. It’s also notorious for being a pain to navigate and often slow to make trades, but it is for this reason that EtherDelta is also a chance for you to purchase a promising token before it hits a major exchange and most likely jumps in price. If this is your plan to get a hold of some wancoin, let me stop you right there. The wancoins or more appropriately called tokens that are offered on EtherDelta will not be able to be easily redeemed, or redeemed at all for use on Wanchain. Reason being that in order to redeem your tokens on wanchain, you need to verify that you indeed own the wallet that they are stored on. This means that those who took part in the ICO will have no problem with this, but those who purchase the tokens on EtherDelta are only purchasing pure speculation of the price and will not be able to use those tokens on the actual platform.
Views: 23405 Crypto Tips
Decentralized Exchanges: The Future for Trading Cryptos
 
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Thinking about purchasing a Ledger Nano Hardware Wallet? Browse their official website: https://www.ledgerwallet.com/r/67ef Want to join coinbase to begin your crypto journey? Here’s a link to get free $10: https://www.coinbase.com/join/558828dc34383271a500003b Step up your game and Check Out Binance too: https://www.binance.com/?ref=10080191 Join the Robinhood app and invite your friends to Robinhood and win free stock. Here's my invite: http://share.robinhood.com/heidic1 Find me on Steemit: www.steemit.com/@heiditravels Twitter: @blockchainchick Instagram: @hheidiann If you’re looking for an app that tracks the price of BTC & ETH and many other coins, check out the CoinView App: https://play.google.com/store/apps/details?id=br.com.freeflowt.coinview LINKS FOR ADDITIONAL READING FOR THIS VIDEO & ALL INFO IN TEXT DOWN BELOW https://www.cryptocompare.com/exchanges/guides/what-is-a-decentralized-exchange/ https://en.wikipedia.org/wiki/Mt._Gox http://fortune.com/2016/08/03/bitcoin-stolen-bitfinex-hack-hong-kong/ https://bitcoinmagazine.com/articles/uncertainty-dominates-china-continues-clamp-down-cryptocurrency/ https://bitshares.org/wallet/#/ https://coinmarketcap.com/exchanges/bitshares-asset-exchange/ https://openledger.io/create-account https://coinmarketcap.com/exchanges/openledger/ https://etherdelta.com/#MTH-ETH https://coinmarketcap.com/exchanges/etherdelta/ https://counterparty.io/feature/ https://coinmarketcap.com/exchanges/counterparty-dex/ Centralized exchanges are great for making quick trades. They are also a great place for hackers to target. In addition to providing a place to trade cryptos, centralized exchanges also provide a place for their users to store their cryptocurrencies. Even though it’s been said time and again that using exchanges to store any cryptocurrency that you are fond of is not a good idea, still lots of people do it. This results in the popular exchanges becoming a honey pot for hackers to target. This has resulted in many people losing lots of money. Not because of the currency itself, but because the exchange had weak points that were taken advantage of. Go ahead and google Mt. Gox and also more recently the Bitfinex hack. Centralized exchanges are also subjected to governmental regulations and also the decisions made by those who run it. We are seeing this play out in China right now as the centralized exchanges there are now shutting down due to government regulations. Enter decentralized exchanges. These are the exchanges that do not require a third party to store your funds, instead, you are always directly in control of your coins and you conduct transactions directly with whoever wants to buy or sell your coins. Decentralized exchanges also do not require you to give out your personal information. You can create an account and right away be able to start trading. However, one drawback for decentralized exchanges is the lack of liquidity compared to the more popular centralized exchanges. I think this will change over time as these centralized exchanges are forced into more strict regulations and as they pass these restraints on to their users, soon more people will seek out better options.Another great benefit of decentralized exchanges is their distributed nature, meaning their servers are spread out so that there is no risk of server downtime. Here are some of the more popular decentralized exchanges Bitshares asset exchange Bitshares has a way of always slipping under the radar, but this platform has the best daily volume that has been around $6 million as of late. This asset exchange is a place to trade with both asset-pegged and fiat-pegged tokens. Openledger is also on the bitshares blockchain and this is where you can trade a decent number of different cryptos. The daily volume on openledger is around $3million. Etherdelta https://coinmarketcap.com/exchanges/etherdelta/ has a healthy daily volume that bounces around the $4 million mark. This exchange is based on the ethereum blockchain and is where you can find many of the erc20 tokens that have not yet been added to more popular exchanges. It certainly lives up to the hype of not being user friendly. In fact I made a video that specifically goes over how to use this one for those who could use some guidance I suggest checking that one out. Counterparty is a decentralized exchange that uses the bitcoin blockchain and the counterparty protocol acts as a decentralized escrow service. The volume on counterparty leaves something to be desired I’m sure by it’s users with its daily volume hitting around $2,000.
Views: 12225 Crypto Tips
Earn an Income and Disrupt the Banks: Populous
 
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Thinking about purchasing a Ledger Nano Hardware Wallet? Browse their official website: https://www.ledgerwallet.com/r/67ef Want to join coinbase to begin your crypto journey? Here’s a link to get free $10: https://www.coinbase.com/join/558828dc34383271a500003b Join the Robinhood app and invite your friends to Robinhood and win free stock. Here's my invite: http://share.robinhood.com/heidic1 Find me on Steemit: www.steemit.com/@heiditravels Twitter: @blockchainchick Instagram: @hheidiann If you’re looking for an app that tracks the price of BTC & ETH and many other coins, check out the CoinView App: https://play.google.com/store/apps/details?id=br.com.freeflowt.coinview LINKS FOR ADDITIONAL READING FOR THIS VIDEO & ALL INFO IN TEXT DOWN BELOW https://populous.co/ https://coincentral.com/populous-beginner-guide/ https://medium.com/@BitPopulous/the-release-of-beta-v2-0-is-set-to-release-16-02-2018-631f9341b9aa https://medium.com/@BitPopulous/populous-announces-1-billion-partnership-25f0143c8590 Populous is a platform that enables its users to take part in bidding on invoices. Typically the situation goes like this: A company provides goods or services and then sends its customers an invoice to collect payment for those goods or services, allowing the customer a timeframe that often lasts 45 to 90 days to provide payment. These invoices can often lead companies to experience hold ups of their cashflow which can hinder the progress of their business. Normally big banks and financial institutions step in to purchase these invoices at a discount in the form of a loan to businesses needing cash. Because they have somewhat of a monopoly on this market the banks can make pretty good money especially if they are loaning to larger businesses. This is when Populous steps in and opens the door for its users to have the ability to bid on invoices. The auction means that the companies needing cash will receive competitive funding for their invoices and those bidding for invoices can earn a passive income from the discount and their profit comes when the customers pay the full priced invoice. Because Populous is a decentralized cryptocurrency-based platform, users and companies from all over the globe can come together to have their needs met. No longer are the companies subjected to the parameters set out by banks, and for the first time, people like you and I can participate in a massive marketplace and earn a profit that was otherwise limited to wealthy financial institutions. Populous uses XBRL which is Extensible Business Reporting Language to analyze the actual credit risk of the invoices. This uses information regarding the financial state of the business and the debtor to determine the risk of bidding on an invoice. Also, on the platform they have developed their own in-house credit rating system that saves the time and money of referencing and relying on external credit agencies. As a business, if your invoice is approved to be up for auction there will be a 24 hour window for bids. After that window is closed, you’ll learn if any bids have met the sales goal. If none have done so you can either choose the highest bidder, cancel the auction or restart the auction again. The payments of these bids will be in the platforms token called, Pokens. But right now the platform is currently in its beta phase, this means that all users of the platform are doing so to test out the software. Also, this means that all payments and settlements are done using “test pokens.” Do not deposit real pokens or fiat currencies onto this test platform just yet. They’ve just recently released their beta version 2 with some updates so if you’re interested in checking out this platform and help it to work out its bugs and provide feedback before it’s ready to go live, now is a good time.
Views: 8484 Crypto Tips
What You Need to Know About OmiseGo (OMG)
 
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Thinking about purchasing a Ledger Nano Hardware Wallet? Browse their official website: https://www.ledgerwallet.com/r/67ef Want to join coinbase to begin your crypto journey? Here’s a link to get free $10: https://www.coinbase.com/join/558828dc34383271a500003b Step up your game and Check Out Binance too: https://www.binance.com/?ref=10080191 Join the Robinhood app and invite your friends to Robinhood and win free stock. Here's my invite: http://share.robinhood.com/heidic1 Find me on Steemit: www.steemit.com/@heiditravels Twitter: @blockchainchick Instagram: @hheidiann If you’re looking for an app that tracks the price of BTC & ETH and many other coins, check out the CoinView App: https://play.google.com/store/apps/details?id=br.com.freeflowt.coinview LINKS FOR ADDITIONAL READING FOR THIS VIDEO & ALL INFO IN TEXT DOWN BELOW OMG. In case you haven’t heard about this one yet, it’s called OmiseGo, and it’s managed to catch the attention of many people in the crypto space. On their website they have a very impressive list of advisors that include, Vitalik Buterin, Gavin Wood, Joseph Poon, the co-author of Lightning Network, along with the founder of Golem and Roger Ver. If you haven’t had the chance to read their white paper or do much research on this one yet, let me break it down for you. ———————— The Omise company launched in 2013 and has been providing payment services in countries like Singapore, Thailand, Indonesia. They are now tapping into blockchain technology and cryptocurrency. They’ve recently released an ERC20 token on the Ethereum Network and will be releasing an ewallet and payment platform called OmiseGo. OmiseGo will allow it’s user base to send money locally and across borders. They have already established a customer base with a large number of business owners in Asia, Many people in Thailand are already accustomed to using e-wallets. The catch is that the current system works on a closed network so they don’t have the ability to transact with different countries, or currencies. OmiseGo will Introduce them to the blockchain and to ledgers that are private yet are capable of allowing them to transact with the world. OmiseGo is open sourced and they will also implement a white label ewallet service. I’ve gotta say that I really enjoy seeing companies like this getting into blockchain technology so that they can provide their current customers with better options for not only transferring money, but also giving them a chance to make better investments. They have a very detailed white paper that is available on their website. It describes how they can: facilitate and coordinate among payment processors, gateways, and financial institutions, accomplish cross-chain transactions, provide the ability to trade with fiat and cryptocurrencies, and what their goals for the future look like. So if you haven’t already done so, and you’re interested in learning more about OmiseGo, their white paper is a great place to start. ———————— As I stated earlier, this project has Joseph Poon listed as one of their advisors, he’s also a principal author of OmiseGo, so I’m going to go ahead and assume they are interested in implementing Lightning Network for off-chain transactions. OmiseGo will also have the ability for cross-chain transactions since their blockchain will be able to hook into other blockchains to allow for trading across token and asset classes. I had briefly mentioned cross-chain transactions in my recent video that covered the Tenx card, and I know there are other projects out there looking for ways to make this work. So if there are any projects that currently utilize cross-chain transactions that have sparked your interest please feel free to leave a comment down below. I’d love to take a look at all of the option out there thus far and see how they are implementing this new feature.
Views: 35380 Crypto Tips
Here's How NEO is Different
 
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Thinking about purchasing a Ledger Nano Hardware Wallet? Browse their official website: https://www.ledgerwallet.com/r/67ef Want to join coinbase to begin your crypto journey? Here’s a link to get free $10: https://www.coinbase.com/join/558828dc34383271a500003b Step up your game and Check Out Binance too: https://www.binance.com/?ref=10080191 Join the Robinhood app and invite your friends to Robinhood and win free stock. Here's my invite: http://share.robinhood.com/heidic1 Find me on Steemit: www.steemit.com/@heiditravels Twitter: @blockchainchick Instagram: @hheidiann If you’re looking for an app that tracks the price of BTC & ETH and many other coins, check out the CoinView App: https://play.google.com/store/apps/details?id=br.com.freeflowt.coinview LINKS FOR ADDITIONAL READING FOR THIS VIDEO & ALL INFO IN TEXT DOWN BELOW Also check out these links for more reading material about NEO: www.neo.org https://seekingalpha.com/article/4100787-next-crypto-giant https://bitcoinmagazine.com/articles/antshares-rebrands-introduces-neo-and-new-smart-economy1/ https://mycrypto.guide/#dbft https://cityofzion.io/ There have been a few new coins that have been labeled as the “Ethereum Killer’ and NEO is on that list. But let’s go over what these two have in common and then we can dig into how NEO is setting itself apart. We can start with the obvious, they are both centered around providing users with the ability to use smart contracts and digital assets. But allow me to list a few of the aspects of NEO that caught my attention: * NEO coins cannot be divided- you’ll notice this when you want to make a transfer and will only be able to move whole integers, instead of the usual numbers with a decimal. (HINT: the trick is to add in the value of the transaction fee to the amount you wish to move) * They provide digital certificates which provide legal protection for the digital assets on the NEO network. * Developers can program smart contracts using C++, C#, Go, Java, and other programming languages. * Utilizes dBFT consensus- that is delegated Byzantine Fault Tolerance. * They also have a protocol that facilitates cross chain transactions that does not compromise smart contracts that are executed on different chains. * This one is perhaps the most impressive in my opinion, and that is their “Lattice cryptology-quantum computer-proof technology”- . If you own any NEO, no matter the amount, I recommend storing them on the NEON wallet. You can download it from their official website, it’s a lite client wallet, meaning you don’t have to download the entire blockchain, and it is compatible with Windows, Linux and OSX operating systems.I suggest this because once you have them stored on that wallet, you will automatically receive payments of their Gas coin. It’s currently valued at around $20. If you have NEO coins on the Binance exchange they will allocate the accrued Gas coins to you. However, if you are holding NEO coins on Bittrex, they will not distribute the gas coins, and instead will keep it for themselves. So again, this is why I suggest downloading your own wallet that you control so you are for sure able to get your gas payments. https://steemit.com/cryptocurrency/@samstickkz/free-gas-coin-to-neo-holders In case you’re wondering why you should care about this NEO gas coin, I found a great website that provides the best explanation of what gas is and why it is valuable: https://binance.zendesk.com/hc/en-us/articles/115000967291-GAS-was-Antcoin- “NEO has two native tokens, NEO (abbreviated symbol NEO) and NeoGas (abbreviated symbol GAS). NEO, with a total of 100 million tokens, represents the right to manage the network.... GAS is the fuel token for the realization of NEO network resource control, with a maximum total limit of 100 million. The NEO network charges for the operation and storage of tokens and smart contracts, thereby creating economic incentives for bookkeepers and preventing the abuse of resources. The minimum unit of GAS is 0.00000001. In the creation block of the NEO network, 100 million NEOs are generated, GAS has not yet been generated. 100 million GAS, corresponding to the 100 million NEO, will be generated through a decay algorithm in about 22 years time to address holding NEO.” So you can see that NEO gas is similar in its application as that of ethereum’s gas, it’s what is paid to conduct smart contracts, and it’s similar to Bitcoin in its design to release less and less coins as time goes on until it eventually reaches it’s max supply.
Views: 32207 Crypto Tips
Cardano: Pros and Cons
 
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Thinking about purchasing a Ledger Nano Hardware Wallet? Browse their official website: https://www.ledgerwallet.com/r/67ef Want to join coinbase to begin your crypto journey? Here’s a link to get free $10: https://www.coinbase.com/join/558828d Step up your game and Check Out Binance too: https://www.binance.com/?ref=10080191 Join the Robinhood app and invite your friends to Robinhood and win free stock. Here's my invite: http://share.robinhood.com/heidic1 Find me on Steemit: www.steemit.com/@heiditravels Twitter: @blockchainchick Instagram: @hheidiann LINKS FOR ADDITIONAL READING FOR THIS VIDEO & ALL INFO IN TEXT DOWN BELOW: Website: https://www.cardano.org/ Charles Hoskinson White Board Talk on ADA: https://www.youtube.com/watch?v=Ja9D0kpksxw How to Be Safe Online: https://help.cardano.org/english/getting-started/how-to-be-safe-online Deep Dive: https://www.coinbureau.com/education/cardano-ada/ Wallet: DAEDALUS: https://daedaluswallet.io/ OUROBOROS: https://cardanodocs.com/cardano/proof-of-stake/ Roadmap: https://cardanoroadmap.com/ Protocol: https://cardanofoundation.org/protocol/ Updates: https://cardanoupdates.com/roadmap Staking Reward Era: https://cardanodocs.com/timeline/reward/ Cardano Reddit: https://www.reddit.com/r/cardano/ Cardano Monetary Policy: https://cardanodocs.com/cardano/monetary-policy/ https://globalcoinreport.com/cardano--making-inroads-to-china/ CSL & CCL: https://moneymorning.com/2018/03/06/why-cardano-coin-ada-is-cryptocurrencys-sleeping-giant/ Cardano Faucet: https://freecardano.com/
Views: 12627 Crypto Tips
Taking the Risk: ICOs
 
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Thinking about purchasing a Ledger Nano Hardware Wallet? Browse their official website: https://www.ledgerwallet.com/r/67ef Want to join coinbase to begin your crypto journey? Here’s a link to get free $10: https://www.coinbase.com/join/558828dc34383271a500003b Find me on Steemit: www.steemit.com/@heiditravels Twitter: @blockchainchick Instagram: @hheidiann If you’re looking for an app that tracks the price of BTC & ETH and many other coins, check out the CoinView App: https://play.google.com/store/apps/details?id=br.com.freeflowt.coinview Donation Addresses: Bitcoin (BTC): 16gwMprXw5ss8Nk23CU8Jc6XtVf7KYF621 Ethereum (ETH): 0xac5223209791820b4c37f6f6b4b5d249d25d55ac Dash: XuvS5TzRSRGbNZM2va9KXYxF6QBqQ4tVQp LINKS FOR ADDITIONAL READING FOR THIS VIDEO & ALL INFO IN TEXT DOWN BELOW For those of you who are just peering down into the rabbit hole that is crypto currency. You may have noticed the phrase ICO. It stands for initial coin offering, and it’s similar to the initial price offerings of small companies who want capital in order to expand. ICOs are put in place by crypto startups that are ready to receive funding so they can continue developing their ideas. Initial coin offerings can seem very promising to new investors, the thought of getting in on the bottom level of a start up and having a pocket full of new coins teeming with potential would be enough to get anyone excited right? Eh, speak to a few seasoned investors and you’ll soon realize that many of these ICOs are either out right scams or altogether bad ideas run by an inexperienced team. I mean let’s face it, this whole crypto thing is still less than 10 years old, no one has *that* much experience, let’s be honest, they’re probably all still experimenting at this point. That being said, it’s still possible to find the needle of success in that haystack of risk. And once you’ve found it, boy won’t you be happy My first and so far only experience with investing in an ICO was when I decided to go for it and invest some of my beloved crypto into this thing called the Dao. I remember the rising excitement as the total amount raised kept increasing by the millions and the potential, oh all of that potential. It was a great idea, the dao, but they had bit off more than they could chew in my opinion. you know, that whole, hindsight being 20/20 thing. Here are some basic questions you should consider if you’re deciding to invest in an ICO: Why does an investor desire acquiring and holding your token? What incentive is there for transacting with this token? How and where will it be traded? Additionally, I strongly suggest doing a lot of research on the team behind the project, if they were previously involved with scams or misleading investors, consider yourself warned. Secondly, seriously consider if they are presenting a solution to a problem that the blockchain is uniquely able to address. Is this something that many people will want/need? Will it be essential to everyday life for people or businesses? What will make this coin valuable? Do your research until you feel comfortable investing your money, and if all else fails, you can always use the old, wait and see method. In the meantime here are some websites that provide you with a brief explanation of the ICOs happening now, if you go to smithandcrown.com you’ll notice that they will also include warnings if an ICO is a potential scam. The music in this episode is the product of Matthew T. Daley on Soundcloud. Here's the link to the track in this episode: https://soundcloud.com/foodonyourplate/dwell
Views: 11200 Crypto Tips
Learning Crypto: Understanding White Papers
 
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Thinking about purchasing a Ledger Nano Hardware Wallet? Browse their official website: https://www.ledgerwallet.com/r/67ef Want to join coinbase to begin your crypto journey? Here’s a link to get free $10: https://www.coinbase.com/join/558828dc34383271a500003b Step up your game and Check Out Binance too: https://www.binance.com/?ref=10080191 Join the Robinhood app and invite your friends to Robinhood and win free stock. Here's my invite: http://share.robinhood.com/heidic1 Find me on Steemit: www.steemit.com/@heiditravels Twitter: @blockchainchick Instagram: @hheidiann If you’re looking for an app that tracks the price of BTC & ETH and many other coins, check out the CoinView App: https://play.google.com/store/apps/details?id=br.com.freeflowt.coinview LINKS FOR ADDITIONAL READING FOR THIS VIDEO & ALL INFO IN TEXT DOWN BELOW 10 Keys for Evaluating ICOs: https://cryptopotato.com/10-keys-evaluating-initial-coin-offering-ico-investments/ White Paper Definition: https://www.investopedia.com/terms/w/whitepaper.asp Valuable Resources for ICO research: https://www.coindesk.com/the-ultimate-list-of-resources-for-researching-and-launching-icos/ Investitin Research Guide: https://www.investitin.com/cryptocurrency-altcoin-investing/ Fundamental Analysis for Cryptocurrencies: https://masterthecrypto.com/fundamental-analysis-for-cryptocurrencies/ Bitcoin White Paper: https://bitcoin.org/bitcoin.pdf Ethereum Homestead Document: http://www.ethdocs.org/en/latest/ OmiseGo White Paper: https://cdn.omise.co/omg/whitepaper.pdf IOTA White Paper: https://iota.org/IOTA_Whitepaper.pdf DecentBet White Paper: https://www.decent.bet/whitepaper/ Dictionary: http://www.dictionary.com/ Lots of times these white papers are long and full of technical lingo. If you ever actually take the time to read an entire white paper, often times you feel like you ought to get an award for your efforts. But the best you can do is subtly brag to your crypto friends that “You read the white paper” Sure, bragging rights are great but there are other, much more important reasons for taking the time to do this. One thing you should know about crypto white papers are that (the good ones at least) they are designed to do several things: Inform the public of the project, what they want to accomplish, why they believe their product is needed, their roadmap which is a timeline of milestones they want to reach and when, their methods for meeting their goals and if it is a project that will hold an ICO you can also find how they will distribute the tokens that are created. Learning about these aspects of a crypto project will help you better understand all that goes into creating new crypto currencies. White papers are great tools for beginners to be exposed to higher level crypto vocabulary. More often then not you will come across words that make you feel like you’re missing something, and that’s when dictionaries come into play. Don’t be afraid to look up words you don’t know, and don’t be afraid to learn something new. Sure it can be tedious and overwhelming but if you’re interested in deepening your knowledge of this space, white papers are a good source and there are plenty out there for you to explore. After you’ve read over a few of them you’ll begin to develop a better sense of what makes a good white paper, which is also an indication of the quality of the crypto project itself. You’ll notice things like what kind of info they are leaving out, if their project has legitimate use cases, and the type of philosophies that are behind the project. Slowly but surely you’ll begin honing your skills and developing more confidence in your knowledge of this space.
Views: 5664 Crypto Tips
More Than Blockchains: Exploring Hashgraph & DAGs
 
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Thinking about purchasing a Ledger Nano Hardware Wallet? Browse their official website: https://www.ledgerwallet.com/r/67ef Want to join coinbase to begin your crypto journey? Here’s a link to get free $10: https://www.coinbase.com/join/558828dc34383271a500003b Step up your game and Check Out Binance too: https://www.binance.com/?ref=10080191 Join the Robinhood app and invite your friends to Robinhood and win free stock. Here's my invite: http://share.robinhood.com/heidic1 Find me on Steemit: www.steemit.com/@heiditravels Twitter: @blockchainchick Instagram: @hheidiann If you’re looking for an app that tracks the price of BTC & ETH and many other coins, check out the CoinView App: https://play.google.com/store/apps/details?id=br.com.freeflowt.coinview LINKS FOR ADDITIONAL READING FOR THIS VIDEO & ALL INFO IN TEXT DOWN BELOW Swirlds Website: http://www.swirlds.com/ Swirlds Whitepaper: http://www.swirlds.com/whitepapers/ Squawker Article on Hashgraph: https://squawker.org/technology/blockchain-just-became-obsolete-the-future-is-hashgraph/ Dags Defined: https://en.wikipedia.org/wiki/Directed_acyclic_graph Blockchain-free cryptocurrencies: http://cryptowiki.net/index.php?title=Blockchain-free_cryptocurrencies Medium Article on Scalable Cryptocurrencies: https://medium.com/holochain/beyond-blockchain-simple-scalable-cryptocurrencies-1eb7aebac6ae Byteball: http://cryptowiki.net/index.php?title=Blockchain-free_cryptocurrencies IOTA: http://www.tangleblog.com/2017/01/25/the-tech-behind-iota-explained/ DagCoin: https://bitcoinexchangeguide.com/dagcoin/ https://squawker.org/technology/blockchain-just-became-obsolete-the-future-is-hashgraph/ Swirlds is labeling its Hashgraph technology as a “radically different approach to distributed consensus.” Their also claiming that this new approach will be able to solve scaling and security issues. Their Hashgraph technology uses a protocol called “Gossip about Gossip”. Despite what you may think, “Gossip” is actually a well-known computer technology phrase that refers to how computers communicate with each other. The Hashgraph team describes it as “Calling any random node and telling that node everything you know, that it does not know. In distributed ledger technology the “baseline” or minimum bandwidth required is that the transactions go to every node. Gossip about Gossip refers to attaching a small additional amount of information to this Gossip, which contains the last person we talked to, hence, we are gossiping about the information we gossiped. Using this information, we can build the Hashgraph.” - https://squawker.org/technology/blockchain-just-became-obsolete-the-future-is-hashgraph/ This is the key for how Hashgraph would be able to know exactly when consensus would be reached. Another aspect of the blockchain that Hashgraph is aiming to improve is the relative wastefulness of “stale” blocks and also to radically reduce the computing power needed compared to things like proof of work and proof of stake. There is no doubt that Blockchain technology is a great step forward. But it’s very much worth it to note that it has room to improve. And despite the fact that I am finally beginning to feel confident in my own knowledge of how blockchain technology works, I’m finding myself eager to learn more about other ideas on how it can be improved upon. Swirlds’ Hashgraph isn’t the only platform that’s focusing on changing how a blockchain can be tweaked. Byteball and other cryptos using DAGs are more or less on the same page in regards to their ideas for providing alternative options. These are also called blockchain-free cryptocurrencies. The list of these types of cryptocurrencies includes Byteball, as I mentioned before, IOTA, and DagCoin. Basically, a blockchain-free cryptocurrency is any distributed database that uses different tools to achieve essentially the same objectives as a blockchain. These different tools used include what are called DAGs. This stands for Directed Acyclic Graphs. A quick Google search of this will show you an image of a DAG. If you’re like me and imagery tends to help you understand certain concepts, then take into account the context and imagery of a blockchain, and compare it to the imagery of a DAG. It might be a bit easier to wrap your head around how DAGs can be faster and more effecient in certain ways. Now I’m not ashamed to admit that I’m still working towards understanding this concept better so I welcome anyone who can supplement with additional information on ways to break this down to please leave a comment down below so we can all learn more about it.
Views: 13545 Crypto Tips
How to Find Affordable Masternodes
 
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Thinking about purchasing a Ledger Nano Hardware Wallet? Browse their official website: https://www.ledgerwallet.com/r/67ef Want to join coinbase to begin your crypto journey? Here’s a link to get free $10: https://www.coinbase.com/join/558828dc34383271a500003b Find me on Steemit: www.steemit.com/@heiditravels Twitter: @blockchainchick Instagram: @hheidiann If you’re looking for an app that tracks the price of BTC & ETH and many other coins, check out the CoinView App: https://play.google.com/store/apps/details?id=br.com.freeflowt.coinview Donation Addresses: Bitcoin (BTC): 16gwMprXw5ss8Nk23CU8Jc6XtVf7KYF621 Ethereum (ETH): 0xac5223209791820b4c37f6f6b4b5d249d25d55ac Dash: XuvS5TzRSRGbNZM2va9KXYxF6QBqQ4tVQp LINKS FOR ADDITIONAL READING FOR THIS VIDEO & ALL INFO IN TEXT DOWN BELOW https://www.investitin.com/masternode/ https://coincentral.com/what-are-masternodes-an-introduction-and-guide/ https://masternodes.online/ https://masternodes.pro/ Dash Masternode Setup: http://dashmasternode.org/setup-your-own-masternode/ PIVX Masternode Setup: https://pivx.org/knowledge-base/masternode-setup-guide/ Resource for Many Masternode Setup Guides: https://masternodeguides.com/category/masternode-setup/ That’s right, it’s time for yet another installment in this video series covering ways to earn a passive income with crypto. Today it’s all about masternodes. If you need a refresher for what a masternode is I want to encourage you again to check out that link in the upper corner of this video. Now that we’re all on the same page let’s take a look at some of the better known coins that offer masternodes. Perhaps the best known is Dash, this one requires 1000 dash coins, at this point it’ll cost you about $1.1 million. Other relatively better known and slightly less expensive options include PIVX, CROWN, Iconomi and Transfer Coin. Not all masternodes are created the same, they differ in the percentage for the payouts and how often the payouts occur. Dash pays you once a week, Pivx pays you every day, and CROWN coin pays you multiple times a day for example. Here are some things you’ll need to consider before deciding if a masternode will work for you and which one to choose: * Cost of the coin * How many coins are required to hold * Cost to host the masternode * Frequency of the Payouts It’s important to note that although masternodes are a great way to earn a passive income with crypto, they do require some work. You’ll need to purchase the minimum amount of coins, download their official wallet and store them there. This is the point you will need to reference the maternode guide for that particular coin. Each masternode is unique and the same can be said for their setup. I’ll provide links down below for the more well known masternodes but for the lesser known and more affordable options I’m going to have to let you do some digging of your own to discover how to set up your masternode. You might not need to rely on your own constantly running server to have an active masternode, in fact, there are often times options to hire others to host your masternode. These prices do vary so be sure to calculate these costs when considering your Return on Investment. Here are two great websites to check out that show you some details about a whole bunch of masternode options.One shows you the cost in regards to purely just how many coins you’d need to purchase and hold in order to qualify for a masternode. These differ greatly, from millions of dollars to just above the $100 mark. This other site shows you the ROI or Return on Investment that each masternode will give you. Keep in mind that these numbers are current and are no guarantee that these returns will continue long term. Here’s what I think, take your time investigating these masternode options and apply the same critiques that I’ve demonstrated in my past video, a link to that is in the corner here. Keep in mind that masternodes are often big investments that have the potential for amazing returns. It’s worth your time and money to do your own research and decide which coin is worthy of your investment.
Views: 12261 Crypto Tips
How to Import & Use Paper Wallets for Beginners
 
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Thinking about purchasing a Ledger Nano Hardware Wallet? Browse their official website: https://www.ledgerwallet.com/r/67ef Want to join coinbase to begin your crypto journey? Here’s a link to get free $10: https://www.coinbase.com/join/558828dc34383271a500003b Step up your game and Check Out Binance too: https://www.binance.com/?ref=10080191 Join the Robinhood app and invite your friends to Robinhood and win free stock. Here's my invite: http://share.robinhood.com/heidic1 Find me on Steemit: www.steemit.com/@heiditravels Twitter: @blockchainchick Instagram: @hheidiann If you’re looking for an app that tracks the price of BTC & ETH and many other coins, check out the CoinView App: https://play.google.com/store/apps/details?id=br.com.freeflowt.coinview LINKS FOR ADDITIONAL READING FOR THIS VIDEO & ALL INFO IN TEXT DOWN BELOW If you’re looking for an app that tracks the price of BTC & ETH check out the CoinView App: https://play.google.com/store/apps/details?id=br.com.freeflowt.coinview When you are generating your paper wallet it’s important to disconnect your computer from your wifi or internet connection. It’s the private address that you want to keep from exposing to potential hackers by keeping your computer offline while this is being displayed because it is the private key that allows you to withdraw the funds. Print out this page, make a copy just in case, or write it down, both the public and private keys or addresses and store somewhere very safe. Now when you are ready to move your bitcoin or you want to cash out, you can do this by creating a free account with blockchain.info. All you need is an email and password. Once you are signed up they will send you an email with your wallet ID, now this is very important because you’ll need this ID to log into this account. With your brand new account you’ll need to go to the settings menu and under the security options be sure to back up your account with the wallet recovery phrase. This will allow you to still gain access to your funds even if you forget your password. Once you’ve written down your recovery phrase store this in a safe place much like you would your private key for your paper wallet. How you import your paper wallet onto your blockchain.info account. Go to Settings and then select the addresses option. Here you can Import addresses. Now pay attention. In order to import your paper wallet you’ll need to type in the PRIVATE address of your paper wallet. It is for this reason that I highly suggest that you take out all coins from the paper wallet as the private key has essentially been compromised. Even if you want to continue storing some of your bitcoin on a paper wallet, just create a new paper wallet and store them there. Discontinue use of any paper wallet that has had it’s private key used anywhere on the internet. You can do so by getting your blockchain.info wallet address by selecting the “receive” option here, copy the address and then go to the “send” option and select the wallet you’d like to send coins from, and paste the address of the blockchain.info wallet. So you will have effectively imported your paper wallet and transferred all of your funds out of that paper wallet address and onto your blockchain.info wallet, the same wallet that is now backed up with your recovery phrase. Congratulations! Whenever you want to send coins from one wallet to another, this includes exchanges, since the coins you have on an exchange are in a wallet on that exchange… you’ll need to follow this general protocol. Three very important tips for anyone new to transferring their crypto: First, be sure the wallet you are sending your coins to is appropriate for the coins you are sending, you cannot send ethereum into a bitcoin address, or pivx to a Monero address, or steem to a steem backed dollar address. If you do this your coins will be lost. Second, be sure you input the correct address into the recipient field. I know most crypto addresses have a lot of upper and lower case letters and numbers and they can be daunting to look at at first, so I always double check the first few characters and the last few characters to be sure that I’m sending my coins to the right address. Third, if you need to transfer a large amount of coins and you’re nervous because it’s your first time transferring that particular coin or it’s your first time using that particular address, just send a small amount first. Once you see that it’s gone through then you can have some peace of mind that you can send the larger amount successfully.
Views: 68311 Crypto Tips
Learning Crypto: Why Does Bitcoin Have Value?
 
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Thinking about purchasing a Ledger Nano Hardware Wallet? Browse their official website: https://www.ledgerwallet.com/r/67ef Want to join coinbase to begin your crypto journey? Here’s a link to get free $10: https://www.coinbase.com/join/558828dc34383271a500003b Join the Robinhood app and invite your friends to Robinhood and win free stock. Here's my invite: http://share.robinhood.com/heidic1 Find me on Steemit: www.steemit.com/@heiditravels Twitter: @blockchainchick Instagram: @hheidiann If you’re looking for an app that tracks the price of BTC & ETH and many other coins, check out the CoinView App: https://play.google.com/store/apps/details?id=br.com.freeflowt.coinview LINKS FOR ADDITIONAL READING FOR THIS VIDEO & ALL INFO IN TEXT DOWN BELOW Let’s compare Bitcoin to other mediums of exchange that are considered valuable, like fiat currencies and gold. Gold has been a staple of wealth for thousands of years. Due to its appearance, durability, and scarcity, gold has maintained a level of faith and understanding as a stable form of value for a very long time. Fiat currency first began as an extension of gold. It was a lightweight paper representation of an amount of gold that was accounted for and stored somewhere safe. In 1971 the U.S. president Nixon took the USD off of this Gold standard. So we are now left with the USD which is now backed by nothing more than confidence in the U.S. government. It’s also worth it to note that this also means there is potentially an unlimited supply of USD that can be printed. This can cause a flooding of the supply and weaken the strength of the dollar. Now let’s take a look at Bitcoin. Bitcoin was designed by an anonymous individual who goes by the pseudonym Satoshi Nakamoto. He designed Bitcoin in such a way that in order to unlock a new Bitcoin, one would need to have a computer that would run a specific program. Essentially, the computer running the program solves mathematical equations and sends its results to the Bitcoin Network. If the network is satisfied with the work that the computer accomplished, that computer is rewarded with a new Bitcoin. Every 4 years the difficulty level for these mathematical equations increases, in fact, it doubles. This requires more computational power, meaning more expensive computers and more energy needed to run them. This all means more money needed to invest in producing Bitcoins. One other aspect to Bitcoin is that there is a limited number of coins ever to be produced, that number is 21 million. This guarantees that hyperinflation will not occur and according to the law of diminishing returns, the price will continue to rise. In addition to how they are produced, Bitcoin has properties like fast transactions, you can send it across borders, and you are able to be in complete control of your wealth without the need for a third party to store it for you, like a bank, which often times practices fractional reserve banking. If you are not yet familiar with fractional reserve banking, I think it is well worth your time to look into it. So now that you have a better idea of where Bitcoin derives its value, in the future we will be looking at why other cryptocurrencies exist, how they are different, how to purchase your first cryptocurrency, how to store them safely, and general best practices when it comes to managing your cryptocurrency investments. More on gold: https://bebusinessed.com/history/the-history-of-gold/ More on fiat currency: https://en.wikipedia.org/wiki/Fiat_money What happens when all Bitcoins have been mined: http://www.investopedia.com/news/what-happens-bitcoin-after-all-21-million-are-mined/
Views: 14901 Crypto Tips
Discovering Satoshi: Hal Finney
 
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Thinking about purchasing a Ledger Nano Hardware Wallet? Browse their official website: https://www.ledgerwallet.com/r/67ef Want to join coinbase to begin your crypto journey? Here’s a link to get free $10: https://www.coinbase.com/join/558828dc34383271a500003b Step up your game and Check Out Binance too: https://www.binance.com/?ref=10080191 Join the Robinhood app and invite your friends to Robinhood and win free stock. Here's my invite: http://share.robinhood.com/heidic1 Find me on Steemit: www.steemit.com/@heiditravels Twitter: @blockchainchick Instagram: @hheidiann If you’re looking for an app that tracks the price of BTC & ETH and many other coins, check out the CoinView App: https://play.google.com/store/apps/details?id=br.com.freeflowt.coinview LINKS FOR ADDITIONAL READING FOR THIS VIDEO & ALL INFO IN TEXT DOWN BELOW Satoshi Theory: https://cointelegraph.com/news/who-is-satoshi-the-hal-finney-dorian-nakamoto-connection Hal Finney: https://en.wikipedia.org/wiki/Hal_Finney_(computer_scientist) Hal’s Post on BitcoinTalk: https://bitcointalk.org/index.php?topic=155054.0 Finney’s Outlook on Life: https://www.wired.com/2014/08/hal-finney/ Hal Finney is a person who I hope will be remembered for his contributions towards creating privacy solutions for all. He was a computer scientist who began his career developing console games and then was brought on by Phil Zimmerman to help develop for the PGP Corporation. PGP standing for Pretty Good Privacy. My last video was a brief introduction to the Cypherpunks and what they were all about. These individuals were able to communicate through anonymous email interactions. Hal played a big part in creating this type of messaging protocol and a big part of the Cypherpunks movement. There has always been a lot of speculation around the true identity of “Satoshi Nakamoto”. Some people think that Hal Finney was actually the real Satoshi even though Hal always denied this. There *was* a man named Dorian Nakamoto (Originally named Satoshi) who lived right down the block from Hal, but he has also always denied any ties whatsoever to what he called the “Bitcoin Company”. Bitcoin of course is not a company, rather is just a network of decentralized servers that maintain a distributed ledger. But anyway, back to this theory, this man Nakamoto had actually suffered quite a financial loss during the 2007/2008 financial crisis. One could say that this Satoshi Nakamoto fellow is a perfect representation of the individuals who could benefit from the system that is the Bitcoin network. I actually quite like this theory because at this point, after this network has grown to the size and scale that it has achieved, is it really important to identify Satoshi Nakamoto? Isn’t it instead better to think that Satoshi represents all of us who want to see an autonomous, independent solution to the old systems of centralized control and authority? We can argue all day about whether or not the Bitcoin of today has stayed true to the vision that its creator had at its inception, but it’s grown far outside of any one person’s control. Which is the whole point right? This is the first time you can actively participate in a system that was designed to facilitate your own input. You can run a fully validating Bitcoin node and be a part of the network. You can help to further decentralize and ultimately strengthen the network. You will have a say on how your transactions are done based on how you set it up. Hal Finney suffered from ALS, a disease which I’m all too familiar with as my own grandmother shared the same diagnosis. ALS just sucks. It slowly paralyzes the body and the average life span after diagnosis is about 2-5 years. Hal was diagnosed in 2009 but as this disease slowly took his mobility, Hal continued to code thanks to his equipment that could read his eye movements. He even designed software that would allow him to maneuver his wheelchair with his eyes also. Sadly, he eventually passed away in 2014. As a man who was always open to the future, and never felt threatened by innovation it should come as no surprise that he chose to be cryogenically frozen in the hopes of being reanimated in the future when technology would allow for his body to be made whole again. Hal’s life has ended but his story is one worth sharing and learning from. I encourage you to dig deeper into all that he’s contributed towards encryption and providing ways that we can all use to ensure our own privacy and let’s take a page out of his book and always be inspired by innovation, not fearful of it. This entire movement has deep roots in establishing ways that can guarantee your own autonomy if you want to pursue it, don’t be afraid to take part of and be inspired by the innovation.
Views: 5620 Crypto Tips
Learn About: MetaMask
 
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Thinking about purchasing a Ledger Nano Hardware Wallet? Browse their official website: https://www.ledgerwallet.com/r/67ef Want to join coinbase to begin your crypto journey? Here’s a link to get free $10: https://www.coinbase.com/join/558828dc34383271a500003b Step up your game and Check Out Binance too: https://www.binance.com/?ref=10080191 Join the Robinhood app and invite your friends to Robinhood and win free stock. Here's my invite: http://share.robinhood.com/heidic1 Find me on Steemit: www.steemit.com/@heiditravels Twitter: @blockchainchick Instagram: @hheidiann If you’re looking for an app that tracks the price of BTC & ETH and many other coins, check out the CoinView App: https://play.google.com/store/apps/details?id=br.com.freeflowt.coinview LINKS FOR ADDITIONAL READING FOR THIS VIDEO & ALL INFO IN TEXT DOWN BELOW. How To Use MetaMask: The first thing you need to know is that Metamask is designed specifically to be used with the Ethereum Network, this means you can only load it with Ethereum, not ethereum classic or any other cryptos. You can install MetaMask onto your Googe Chrome Browser, and also it’s been added to the list of Firefox add ons. So this means that if you want to use your newly installed MetaMask application, you’ll need to be using the appropriate web browser onto which you’ve installed it. I’ve included a link down in the description that shows you step by step exactly how to install MetaMask, so once you’ve done that you can begin to explore the application. When you open Metamask you’ll be prompted to enter your password, make this a strong password with random upper and lowercase letters and numbers. Also when you first install MetaMask, you’ll notice that it is using a “Test Network” this means you are not currently using the Ethereum Network, you’ll need to switch to the Ethereum Network in order to make transactions that will register onto the Ethereum Network. You will have your first account that you can name whatever you like, you can also create multiple accounts, each of which will have their own public and private keys, so keep that in mind if you are going to use MetaMask to take part in an ICO, you’ll need to remember which account you used to invest in order to one day retrieve those tokens. On your homescreen you’ll see the list of transactions for that account, you can also view more details about all activity from this account by clicking on the “i” icon, which will take you to etherscan.com You can easily copy your public address by clicking on the “copy” icon and you can also get the QR code for your public address by clicking on the “QR code” icon.The “key” icon is what you’ll use to export your private key. If you used Metamask to take part in an ICO and you want to access your new tokens, this is the private key that you’ll need to use on myetherwallet.com Keep in mind that you’ll need to remember which account you used to transfer your ether into the ICO because that will determine which accounts private key you’ll need to retrieve the tokens. You can also load up your MetaMask account by sending your ether to the public address, but MetaMask also gives you the opportunity to purchase ether through coinable, or by making a trade right from shapeshift. You’ll notice that the shapshift options outlines the rate, the maximum and minimum allowed to be traded. And if you want to send Ether from your metamask account just click the send button and fill out the form. This is also the way you send funds for an ICO. They provide the address to which you will send your ETH, and sometimes they will also provide “transaction data” if they do, this is where you’ll put that information. Once you fill out this form you’ll see a window pop up that prompts you to confirm this transaction, now if you try to send funds from metamask and you don’t have enough in your wallet to cover the transaction fees, this is when you’ll find out. MetaMask will let you know you have an insufficient balance and you’ll have to adjust the amount you are trying to send. If you want to track the progress of the transaction, just click on the transaction on your home screen and it will take you to etherscan where you can see the confirmations. Once you’re done you can always lock your account. I’ve used metamask to take part in ICOs and I’ve also used it to make trades on the decentralized exchange etherdelta, and just out of paranoid precaution, I only store the amount of ether that I want to use to invest or trade, I don’t use metamask as a storage option, I use is more as a medium for investing or trading. Cryptocompare walks through installation: https://www.cryptocompare.com/wallets/guides/how-to-use-metamask/ Metamask on Firefox: https://addons.mozilla.org/en-US/firefox/addon/ether-metamask/
Views: 14945 Crypto Tips
Why Wait for Filecoin? Use IPFS Today on the Shift Platform
 
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Thinking about purchasing a Ledger Nano Hardware Wallet? Browse their official website: https://www.ledgerwallet.com/r/67ef Want to join coinbase to begin your crypto journey? Here’s a link to get free $10: https://www.coinbase.com/join/558828dc34383271a500003b Step up your game and Check Out Binance too: https://www.binance.com/?ref=10080191 Join the Robinhood app and invite your friends to Robinhood and win free stock. Here's my invite: http://share.robinhood.com/heidic1 Find me on Steemit: www.steemit.com/@heiditravels Twitter: @blockchainchick Instagram: @hheidiann If you’re looking for an app that tracks the price of BTC & ETH and many other coins, check out the CoinView App: https://play.google.com/store/apps/details?id=br.com.freeflowt.coinview LINKS FOR ADDITIONAL READING FOR THIS VIDEO & ALL INFO IN TEXT DOWN BELOW You may have heard of IPFS thanks to it’s genius creator, Juan Benet, or through the much talked about Filecoin which recently held an ICO that was restricted to only Angel investors, but we are still waiting for it’s product. Luckily for us, it is not the only platform allowed to use IPFS. Shift has been building their blockchain platform on top of the IPFS protocol for some time now. Shift is a delegated proof of stake blockchain that allows for 101 nodes to get paid for maintaining the network. The Shift blockchain is also turing complete, meaning it supports smart contract for fast development and use of dApps. Here’s an easy way to understand how IPFS and platforms like Shift and Filecoin interact: Imagine IPFS is the backend and projects like Shift are the front end. IPFS is the foundation on top of which Shift can build a place for decentralized, distributed storage, marketplaces, dApps, and social media… just to name a few. Shift has a working platform that is easily accessible by the public. Even though the current transactions are happening on the Shift test network, you can check the transaction on their official website under the “Tools” tab and select the “Explorer” option. Here’s the cool part, Shift will very soon be making the move to their main network. Meaning their platform will officially go live. The first dApp that will be live on Shift is called Phantom, it’s a decentralized storage app. If you’re interested in building dApps on this platform you’ll be happy to know that you can earn a passive income by the side chain fees your app creates. For those of you who are ready to begin experiencing what IPFS can do I suggest heading over to the Shift website and getting started already! If you learned something from this post kindly leave an up vote, and share this one with your friends so we can all nerd out over IPFS together :) If you’re new to this channel consider giving me a follow so you can get your weekly fix of all things crypto.
Views: 9546 Crypto Tips
Komodo: The Underdog of Atomic Swaps (And PRIVACY)
 
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Thinking about purchasing a Ledger Nano Hardware Wallet? Browse their official website: https://www.ledgerwallet.com/r/67ef Want to join coinbase to begin your crypto journey? Here’s a link to get free $10: https://www.coinbase.com/join/558828dc34383271a500003b Step up your game and Check Out Binance too: https://www.binance.com/?ref=10080191 Join the Robinhood app and invite your friends to Robinhood and win free stock. Here's my invite: http://share.robinhood.com/heidic1 Find me on Steemit: www.steemit.com/@heiditravels Twitter: @blockchainchick Instagram: @hheidiann If you’re looking for an app that tracks the price of BTC & ETH and many other coins, check out the CoinView App: https://play.google.com/store/apps/details?id=br.com.freeflowt.coinview LINKS FOR ADDITIONAL READING FOR THIS VIDEO & ALL INFO IN TEXT DOWN BELOW Komodo Website: https://komodoplatform.com/Komodo Twitter Account: https://twitter.com/komodoplatform/status/822390738944045056Podcast with Jason Brown: https://blog.komodoplatform.com/komodo-on-stage-presentation-at-the-bitcoin-ethereum-blockchain-conference-56d6b60801f9 Komodo Platform Blog: https://blog.komodoplatform.com/ Video of Litecoin/Komodo Atomic Swap on BarterDEX: https://www.youtube.com/watch?v=srCu6WnNW6w Steemit Article: https://steemit.com/cryptocurrency/@criptoanalitic/breaking-komodo-successfully-makes-atomic-swaps-using-only-electrum-servers CryptocoinDaddy Article on Electrum Servers: http://cryptocoindaddy.com/atomic-swap-successful-komodo-bitcoin-using-electrum-servers/ Komodo is another one of those platforms that seems to always be flying under the radar. Let’s give a quick rundown of some features of this platform. It has the privacy features similar to zcash- meaning zkSNARKS, and it will be adding the Lightning Network capabilities of Bitcoin. They will also offer white label solutions for blockchains and ICOs. While Litecoin, Decred and Zcash have been in the news lately talking about their advancements with atomic swaps, Komodo has been quietly plugging away. So let’s check out their decentralized exchange that has atomic swaps as its main focus. BarterDEX is the decentralized exchange for the Komodo Platform and it is the first to supply users with order matching for atomic swaps. Right now their atomic swaps are limited to Bitcoin compatible coins While before you would have needed to download the entire blockchain of the coins you’d want to trade via atomic swaps on BarterDEX, they’ve now made the improvement so that you can now conduct an atomic swap using Electrum servers. These are hosted nodes so you will not need to download the entire blockchain of each coin that is being traded. The only trick now is that there will need to be an Electrum server for the coins being traded in order for you to bypass the need of downloading the entire blockchain which takes a lot of time and space. Komodo has taken the responsibility of hosting Electrum servers for the most popularly traded coins so these coins can be more easily traded. If a coin wants to be a part of this exchange they can host their own Electrum server and contact the Komodo team to be added to BarterDEX. As of right now their wallet that you would use to do atomic swaps on this exchange will only work via command line. So it’s true that right now this is limited to experienced users of crypto and computer programming. Let’s take a better look at what else Komodo can do. Komodo has a system called Jumblr, which essentially combines traditional coin mixing techniques like uniform coin amounts, and sending all transactions at once, they are also working towards obfuscation of location tracking of your IP address used to send or receive a transaction. So in other words Komodo is putting in work to achieve much more complete anonymity. The future for Komodo looks like white label solutions for blockchains, ICOs, decentralized exchanges and they’re also looking into pegged cryptocurrencies.
Views: 6945 Crypto Tips
Earn a Passive Income with Masternodes
 
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Thinking about purchasing a Ledger Nano Hardware Wallet? Browse their official website: https://www.ledgerwallet.com/r/67ef Want to join coinbase to begin your crypto journey? Here’s a link to get free $10: https://www.coinbase.com/join/558828dc34383271a500003b Step up your game and Check Out Binance too: https://www.binance.com/?ref=10080191 Join the Robinhood app and invite your friends to Robinhood and win free stock. Here's my invite: http://share.robinhood.com/heidic1 Find me on Steemit: www.steemit.com/@heiditravels Twitter: @blockchainchick Instagram: @hheidiann If you’re looking for an app that tracks the price of BTC & ETH and many other coins, check out the CoinView App: https://play.google.com/store/apps/details?id=br.com.freeflowt.coinview LINKS FOR ADDITIONAL READING FOR THIS VIDEO & ALL INFO IN TEXT DOWN BELOW Discussion on potentially good masternodes: https://deeponion.org/community/threads/masternode-coins-do-you-have-any-setup-recommendations.10624/ Masternode Hosting Service: http://masternode.work/ Example of a sketchy Masternode Pooling service: http://www.masternode-sharing.com/ Comprehensive list of masternodes and their ROI: https://masternodes.online/ In order to fully understand masternodes, it’s awfully beneficial to first understand what a regular node is. If you need a refresher course on nodes, or if you want to learn more about them, check out my past video titled: “What You Should Know About Nodes: Bitcoin & Dash” Masternodes are nodes that allow their networks to offer special services to their users. Most commonly, these services include: anonymous transactions, instant transactions, and even participation in the form of voting rights to decide fund allocation for special projects. You can think of masternodes as enhancers of a network. They facilitate the extra perks that would overload normal nodes. Passive incomes are possible because these masternodes are paid for their work. This income usually comes from a portion of the block rewards. Each network that offers masternodes has differing payment schedules and percentages. Running a masternode does not require the same amount of computing power as mining for Bitcoin, but they often require large investments in that particular coin. There’s also a nice economic upside for networks that have masternodes. Because they require large amounts of the coin to be stored in a wallet in order to remain valid, masternodes also help the price of that coin to remain relatively more stable. The range for required investment can vary anywhere from 500-10,000,000 coins required. What it takes to run a masternode: * Significant investment in that particular coin, each masternode has different requirements * Appropriate wallet to store the coins * Computer that runs 24/7, if the computer goes down this could and most likely does, affect your payouts. Because they offer special services, they are often complex and high maintenance to keep them up and running. Some might consider them to be more difficult then running a fully validating node, yet less difficult than a mining rig. If you’d love to take part in running a masternode but you don’t have the resources in the form of a constantly running computer to do so, you can use masternode hosting services. What you’ll typically need for masternode hosting service: * Significant investment in the coin * Stored in an appropriate wallet that YOU control * Subscription fees to the masternode hosting service If you want to take advantage of a masternode hosting service, please pay attention here. When choosing a hosting service, if they tell you to send your coins to a wallet that they own or control, if they tell you to give them your private keys, most of the time this is the signal of a scam. One exception would be if you’re looking into using a “pool”. Which means you’ll be contributing coins along with a group of others to meet the investment requirements of a particular masternode. You’re payouts will reflect the percentage of your investment to the pool. Just keep in mind that with these pools, you are putting all your trust in the entity that controls the wallets and distributes the payments. I’ve shared this website in past videos but it doesn’t hurt to share it again. This one is a good visual for those of you who want to explore the masternode options that also gives you an idea for your potential return on investment. If you’re still on the hunt for passive income with cryptocurrencies and masternodes don’t really fit what you’re looking for, don’t miss my next video which will be covering mining pools.
Views: 8248 Crypto Tips
Update Your Ledger Nano S!! | What You Should Know About BINANCE
 
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Step up your game and Check Out Binance too: https://www.binance.com/?ref=10080191 Thinking about purchasing a Ledger Nano Hardware Wallet? Browse their official website: https://www.ledgerwallet.com/r/67ef Want to join coinbase to begin your crypto journey? Here’s a link to get free $10: https://www.coinbase.com/join/558828dc34383271a500003b Join the Robinhood app and invite your friends to Robinhood and win free stock. Here's my invite: http://share.robinhood.com/heidic1 Find me on Steemit: www.steemit.com/@heiditravels Twitter: @blockchainchick Instagram: @hheidiann If you’re looking for an app that tracks the price of BTC & ETH and many other coins, check out the CoinView App: https://play.google.com/store/apps/details?id=br.com.freeflowt.coinview LINKS FOR ADDITIONAL READING FOR THIS VIDEO & ALL INFO IN TEXT DOWN BELOW: Binance Website: https://www.binance.com/aboutUs.html Binance Labs: https://labs.binance.com/ Ledger Update: https://twitter.com/LedgerHQ/status/970975950333759489
Views: 7669 Crypto Tips
Blockchain Generations: From Bitcoin to Smart Contracts and Graphene
 
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Thinking about purchasing a Ledger Nano Hardware Wallet? Browse their official website: https://www.ledgerwallet.com/r/67ef Want to join coinbase to begin your crypto journey? Here’s a link to get free $10: https://www.coinbase.com/join/558828dc34383271a500003b Find me on Steemit: www.steemit.com/@heiditravels Twitter: @blockchainchick Instagram: @hheidiann If you’re looking for an app that tracks the price of BTC & ETH and many other coins, check out the CoinView App: https://play.google.com/store/apps/details?id=br.com.freeflowt.coinview Donation Addresses: Bitcoin (BTC): 16gwMprXw5ss8Nk23CU8Jc6XtVf7KYF621 Ethereum (ETH): 0xac5223209791820b4c37f6f6b4b5d249d25d55ac Dash: XuvS5TzRSRGbNZM2va9KXYxF6QBqQ4tVQp LINKS FOR ADDITIONAL READING FOR THIS VIDEO & ALL INFO IN TEXT DOWN BELOW What is Delegated Proof of Stake (DPoS): https://themerkle.com/what-is-delegated-proof-of-stake/ Steemit Article of DPoS: https://steemit.com/cryptocurrency/@worldclassplayer/delegated-proof-of-stake Great Video Explaining Graphene Blockchains: https://www.youtube.com/watch?v=-3KxJMujbyo Bitcoin’s blockchain is what is called first generation blockchain technology. There’s now platforms being built that are called second and third generation blockchains, I’m sure fourth and fifth are coming too. Today let’s take a look at what Bitcoins kids and grand kids can do. First generation blockchains focus on moving value, maintaining a ledger, ideal payment systems. Think of Bitcoin, Litecoin, Monero, and Dash to name a few. These functions represent the core of why bitcoin was created. Another core aspect to Bitcoin is the fact that it was created to be open source. By making the code behind Bitcoin open source, Satoshi Nakamoto gave anyone the opportunity to learn from, build on and expand beyond it. This is how we’ve made it to the point of having what are called second and third generation blockchains. Second generation blockchains are those like Ethereum, Ethereum Classic, NEO and QTUM to name a few. These are considered second generation because they’ve taken this idea of recording transactions on a blockchain and expanded it to incorporate programming languages. These second generation blockchains have unleashed smart contracts. These allow for customizable transactions. You can custom create transactions to execute however best fits the needs of the parties involved. Now we’ve come to third generation blockchains, these present themselves as blockchains that can service massive amounts of people and self-govern. This is when that term “scale” comes to action. Bitcoin’s huge network is what makes it the most robust, secure and decentralized. But even so, it is showing us how difficult it can be to scale when the network experiences huge influxes of transactions due to an exponential growth of users. The larger Bitcoin’s network grows, the more decentralized it becomes, and some could argue that the harder it is to reach consensus on how to deal with particular issues. The beauty of open source is that it gives developers the ability to see how a network is designed, and now with the ability to see how things are panning out, they can make changes right from the start in an effort to avoid trouble in the future. Third generation blockchains have self-governance at their core. This can be seen with, but is not limited to the following blockchains: Bitshares, Steem, Lisk, ARK These blockchains all use Delegated Proof of Stake. Although you can certainly argue that this is indeed a type of centralization or bottleneck in an otherwise decentralized system, it’s a system that allows every participant of the network to vote regardless of the amount of coins that they hold. Delegated Proof of Stake works like this: There are a set number of Witnesses, usually a small number, who work to mine blocks and monitor the network. These Witnesses gain this position by being voted in. Because all votes have equal weight this can be seen as a decentralization of the voting process, i.e. it isn’t limited to masternode holders like in Proof of Stake consensus. Because there is a smaller group of individuals working to secure the network, needed changes can occur much more efficiently. Also, because Witnesses are reliant of votes, it is in their best interest to pay attention to the concerns of the other participants on the network. As for serving the masses and being able to scale, it’s interesting to see how the developers of the Bitshares blockchain have figured out a way to make the processing done by nodes a much more efficient activity. It’s called graphene, not the ultra light, super durable material, a graphene blockchain is one that is able to process transactions very quickly and efficiently. Bitshares is not the only blockchain that’s designed in this way, Dan Larimer brought it to the Steem blockchain and to EOS as well.
Views: 6450 Crypto Tips
Learning Crypto: Understanding Forks and Why They Happen
 
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Thinking about purchasing a Ledger Nano Hardware Wallet? Browse their official website: https://www.ledgerwallet.com/r/67ef Want to join coinbase to begin your crypto journey? Here’s a link to get free $10: https://www.coinbase.com/join/558828dc34383271a500003b Step up your game and Check Out Binance too: https://www.binance.com/?ref=10080191 Join the Robinhood app and invite your friends to Robinhood and win free stock. Here's my invite: http://share.robinhood.com/heidic1 Find me on Steemit: www.steemit.com/@heiditravels Twitter: @blockchainchick Instagram: @hheidiann If you’re looking for an app that tracks the price of BTC & ETH and many other coins, check out the CoinView App: https://play.google.com/store/apps/details?id=br.com.freeflowt.coinview LINKS FOR ADDITIONAL READING FOR THIS VIDEO & ALL INFO IN TEXT DOWN BELOW https://www.coindesk.com/short-guide-bitcoin-forks-explained/ https://en.bitcoin.it/wiki/Hardfork https://en.bitcoin.it/wiki/Softfork https://en.wikipedia.org/wiki/List_of_bitcoin_forks https://www.coindesk.com/short-guide-bitcoin-forks-explained/ https://bitcoin.org/en/glossary/soft-fork https://bitcoin.org/en/glossary/hard-fork In my last Learning Crypto video I explained a blockchain. Now I want to talk about what can happen to a blockchain during a fork. Also let’s take a look at the different types of forks and why they happen in the first place. Blockchain forks have been happening for a while now. Contrary to what we’ve been experiencing with Bitcoin the past few months, forks don’t always result in a split of that blockchain. Generally speaking, forks can happen for a couple different reasons. Firstly, the most common type of fork happens when different miners discover a block at the same time. This situation presents two blocks essentially competing for the position of the longest chain. This fork doesn’t result in a split of the blockchain because it is resolved once the next block is added to one of these competing blocks and not the other. Wherever this newest block is added will determine which chain is longest. The longest chain will be considered valid, while the other is invalid, or also called orphaned. The miner of the valid block will be given their block reward while the miner of the orphaned block will receive nothing. Now let’s take a look at a couple different variations of forks: Soft forks and Hard forks. Unlike the forks described earlier, Soft forks and hard forks are results of decisions made by the network of the blockchain. As their name suggests, these variations are different based on the severity of the changes they will impart on the blockchain. Soft forks are commonly referred to as backward compatible, or also, a tightening of the rules. Basically this means that soft forks happen when the network wants to make changes to the rules of their blockchain that will enable nodes that do not upgrade to still agree on the new rules and still consider the new blocks to be valid. A hard fork on the other hand changes the rules of the blockchain in such a way that requires all nodes to upgrade. The consequences of not upgrading will result in miners creating blocks that the upgraded nodes will consider invalid, resulting in them missing out on block rewards. A blockchain splits when a hard fork occurs and for whatever reason, but most of the time the reasons seem to be political or philosophical, a group of miners, nodes and developers decide to continue mining, validating and building onto the chain with the original or older set of rules. This can be seen with the split of the Ethereum blockchain. This particular split resulted in the continuation of the original blockchain with it’s corresponding cryptocurrency called Ethereum Classic. Ethereum is the chain that decided to change the rules- in this instance it was in regards to past transactions. A blockchain can also split when a group of miners, nodes and developers have decided they want to change the way that blockchain should work. They then take it upon themselves to create new rules, and split from the original blockchain to pursue their own goals. This can be seen with the latest Bitcoin Cash and Bitcoin Gold hard forks.
Views: 6892 Crypto Tips
CRYPTO UPDATE: Is the Bear Market Ending? | Your Guide for Using: CryptoBridge
 
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Thinking about purchasing a Ledger Nano Hardware Wallet? Browse their official website: https://www.ledgerwallet.com/r/67ef Want to join coinbase to begin your crypto journey? Here’s a link to get free $10: https://www.coinbase.com/join/558828dc34383271a500003b Step up your game and Check Out Binance too: https://www.binance.com/?ref=10080191 Join the Robinhood app and invite your friends to Robinhood and win free stock. Here's my invite: http://share.robinhood.com/heidic1 Find me on Steemit: www.steemit.com/@heiditravels Twitter: @blockchainchick Instagram: @hheidiann If you’re looking for an app that tracks the price of BTC & ETH and many other coins, check out the CoinView App: https://play.google.com/store/apps/details?id=br.com.freeflowt.coinview LINKS FOR ADDITIONAL READING FOR THIS VIDEO & ALL INFO IN TEXT DOWN BELOW CryptoBridge Website: https://crypto-bridge.org/ CryptoBridge Exchange: https://wallet.crypto-bridge.org/ CryptoBridge Support: [email protected] CryptoBridge Blog: https://medium.com/@cryptobridge GitHub: https://github.com/CryptoBridge Twitter: https://twitter.com/CryptoBridge 51% Crew Youtube: https://www.youtube.com/channel/UCvQ12D5GqyW1qtM0a3Qpwcw How to Identify Traders Shorting the Market: https://www.youtube.com/watch?v=MvUJeCTUtyM Interview With Todd: https://youtu.be/vWM9OmQ-PbI CryptoBridge is the focus of today’s short and sweet episode. It’s built on the Bitshares blockchain to take advantage of it’s fast and inexpensive transactions but unlike other decentralized exchanges on Bitshares like OpenLedger, CryptoBridge offers far more alt coins. You can see this for yourself when perusing through the list of available coins to trade. In regards to its decentralization, CryptoBridge utilizes a multi-signature federated gateway software. Although this isn’t a completely trustless system, it’s at least a whole lot better than your popular, much more centralized options for exchanges. To create an account here all you need is a username and they provide you with a generated password. They make it a point to remind you over and over as you are setting up an account that this password is your key to your funds on this DEX. If you lose this password, you will lose your funds, they cannot help you gain access to your funds if you don’t have your password. CryptoBridge also has it’s own coin that benefits it’s holders. Much like other exchanges that have its own coin, if you trade with BridgeCoin on CryptoBridge, you’ll save a bunch in fees. Also, if you hold and stake your BCO coins, you’ll receive rewards. The payouts are organized so that 50% of the profits from the exchange are paid out to those who are staking the BCO coin. You can easily set this up for yourself within your account on Cryptobridge and if you have any issues or questions about this process or anything to do with this exchange they give you access to their technical support right on your account. Ok now for what I promised at the beginning of this video, some answers, or at the very least, a very good hint at what’s happening with the prices of cryptocurrencies lately. At this point it looks like shorting the market unfortunately has been more profitable than long positions at least recently. Since the more information you have, the better decisions you make, here’s a trick that can help you better analyze what’s been happening with the markets. So if you want to know how many people have been shorting BTC on Bitfinex, and if you have an account on Bitfinex, there’s a way for you to check out how many traders are shorting the market and how many of these traders are beginning to exit these positions. Of course, I am no fortune telling wizard so I hold no absolute answers as to when this market will turn around, but I wanted to provide you with an additional tool for you to use to determine for yourself what you think the future holds for crypto land. So if any of you are interested in learning more about how to view stats like these, and how to trade cryptocurrencies and you’re looking for a channel that provides great information as well as a host who isn’t afraid to speak his mind, go ahead and check out the YouTube channel: 51% crew, it’s a brand new channel and he’s adding new videos pretty often. Todd Blackburn is a trading machine and has a lot of good insights as to why the market is behaving as it is right now. I also interviewed Todd a little while back so if you want to get to know him a bit better, go ahead and check that one out.
Views: 6545 Crypto Tips
Bitcoin Blockchain Innovations: Sidechains
 
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Thinking about purchasing a Ledger Nano Hardware Wallet? Browse their official website: https://www.ledgerwallet.com/r/67ef Want to join coinbase to begin your crypto journey? Here’s a link to get free $10: https://www.coinbase.com/join/558828dc34383271a500003b Step up your game and Check Out Binance too: https://www.binance.com/?ref=10080191 Join the Robinhood app and invite your friends to Robinhood and win free stock. Here's my invite: http://share.robinhood.com/heidic1 Find me on Steemit: www.steemit.com/@heiditravels Twitter: @blockchainchick Instagram: @hheidiann If you’re looking for an app that tracks the price of BTC & ETH and many other coins, check out the CoinView App: https://play.google.com/store/apps/details?id=br.com.freeflowt.coinview LINKS FOR ADDITIONAL READING FOR THIS VIDEO & ALL INFO IN TEXT DOWN BELOW At first glance, sidechains may seem like another layer of complexity that is best left to the professionals, but they can make blockchain tech more accessible and customizable for developers who want to explore different possibilities and applications for the Bitcoin blockchain. And also allow for alt coins and Bitcoin to scale- Remember Lightning Network? They could also one day allow for cryptos to interact with each other, thus opening the door for so many possibilities. Understanding Blockstream: https://thecontrol.co/understanding-blockstream-25af2b6f0084 So Blockstream funds the development of Bitcoin Core, which is the main Bitcoin network client software. Blockstream is a blockchain technology company that also boasts itself as being the originator of side chains. Whether or not that’s true, they were at least one of the first and still a major player that is pursuing this big idea. https://blog.blockchain.com/tag/blockstream/ Let’s break down what a sidechain is. In laymen’s terms, sidechains run parallel to a main blockchain, like bitcoin’s blockchain for example. They use a two-way peg, meaning you can move your bitcoin from the main bitcoin blockchain, to the sidechain, and then back again. This is done by essentially locking away your bitcoin from the main blockchain while it is in use on the sidechain, and they are then released once you prove they are no longer being used on the sidechain. The first side chain is called Elements Alpha. It’s a tesnet where developers can utilize the open source code to contribute to the project and discover ways to improve the bitcoin blockchain. Other projects for side chain implementations include the likes of Rootstock. The developers at Rootstock, or RSK have announced at consensus 2017 the release of Ginger, which is their open sourced testnet. Ginger is aimed at providing more functionality to the Bitcoin Network like smart contracts, increased scalability and a new revenue stream for miners. http://media.rsk.co/rsk-announces-the-global-release-of-ginger-the-open-source-testnet/ https://www.cryptocompare.com/coins/guides/what-is-rootstock/ As always in crypto land, it’s not always sunshine and roses, there are still some kinks to work out with side chains until they can be considered ideal. One of the arguable weak points of sidechains is the fact that federations are a select few who ultimately call the shots and determine if/when the coins you use between the main blockchain and the sidechain are locked up and released. This is a centralization of the whole system, and whoever is behind the sidechain will determine who is included in its federation. Trusting a dozen or so individuals to authorize all transactions can be seen as a major security flaw. One other weak point is the fact that sidechains will need it’s own miners. This could pose a problem when considering that these miners will need to be monetarily incentivized. One way to fix this is by implementing merge mining. T his is the process of allowing two different crypto currencies based on the same algorithm to be mined simultaneously. It allows low hash powered crypto currencies to increase the hashing power behind their network by bootstrapping onto more popular crypto currencies. https://www.cryptocompare.com/mining/guides/what-is-merged-mining-bitcoin-namecoin-litecoin-dogecoin/ I’m sure that there are Bitcoin maximalists out there who see this development of side chains for Bitcoin as a nail in the coffin for Ethereum. Because sidechains have the potential to provide Bitcoin with the ability to integrate smart contracts, this does seem to take an edge away from Ethereum in terms of services provided. However, I will always believe in the robust development team behind Ethereum and their ability to work together to constantly produce innovative new projects. So don’t say goodnight to Ethereum. Instead, I’d like you to consider how side chains can open the door for different cryptocurrencies to work together and take advantage of their strengths.
Views: 6548 Crypto Tips
A Beginners Guide to EtherDelta
 
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Thinking about purchasing a Ledger Nano Hardware Wallet? Browse their official website: https://www.ledgerwallet.com/r/67ef Want to join coinbase to begin your crypto journey? Here’s a link to get free $10: https://www.coinbase.com/join/558828dc34383271a500003b Step up your game and Check Out Binance too: https://www.binance.com/?ref=10080191 Join the Robinhood app and invite your friends to Robinhood and win free stock. Here's my invite: http://share.robinhood.com/heidic1 Find me on Steemit: www.steemit.com/@heiditravels Twitter: @blockchainchick Instagram: @hheidiann If you’re looking for an app that tracks the price of BTC & ETH and many other coins, check out the CoinView App: https://play.google.com/store/apps/details?id=br.com.freeflowt.coinview LINKS FOR ADDITIONAL READING FOR THIS VIDEO & ALL INFO IN TEXT DOWN BELOW For this example I’ll be using my wallet on Metamask to connect with Etherdelta, but please know that you can also import a wallet that you’ve generated via myetherwallet.com, the only difference is that you won’t get the secondary notifications to submit the transaction that metamask provides. So to begin I will log into my metamask wallet and select the account that I want to use to purchase some tokens on ether delta. From here I will copy the PUBLIC address and then go on Etherdelta and select Import Account. Here I will paste my public address to connect the wallet to Etherdelta. You can always double check that the account you connected is the account you wanted to use to purchase the tokens. Once it’s connected, take a look at the options you have for trading different tokens, today I want to purchase some EOS using my Ether. So I’ll select this combination. Next, take a look at the Balance section here, notice you have options like deposit, withdraw and transfer. I want to deposit Ether from my metamask wallet onto Etherdelta so that I can then trade it for some EOS. To do this I will select deposit and in the “ETH” row I will fill out how much I’d like to take out of my metamask wallet and put onto Etherdelta, then hit deposit. Metamask will then give you a form basically giving you the chance to look over what you’re sending and how much the fee will be, once you select submit the transaction will begin. You’ll see a pop up box that gives you the chance to view the transaction on etherscan, so you’ll know right away when it gets confirmations or if there was a problem. It’ll take a few moments, when it goes through you’ll see your balance move from the wallet column into the Etherdelta column. Now we can get to trading. So I’ve selected the pair of coins/tokens that I want to trade and I go check out the orders book. Here there are red orders and green orders, since I am purchasing EOS I’ll be using the red section. You can also check out the Trades section to see the prices of recent trades so you can know what to expect to pay. I like to check out a few orders before I select one so I know I’m getting a good price, this one looks pretty good to me, so I’ll select it, fill in how much ether I’d like to pay, click on the “Amount to Buy” box and it will automatically calculate how much EOS I’ll receive for that amount of ether. I’ll select Buy and again I’ll be prompted by metamask to submit the transaction, and I’ll also be given a link to view the transaction on ether delta. If you’ve been waiting for a long time for the trade to go through, check out the transaction on etherscan, if you see a sentence in red color right here, then you’ll know that there was a problem with the trade and it didn’t approve, so you’ll need to try again. Now that the trade has gone through I want to get these tokens off of the ether delta exchange and onto my metamask wallet. Much like how i had to deposit the ether at the beginning of this video, now I will withdraw EOS from ether delta.
Views: 56002 Crypto Tips
What You Should Know About Nodes- Bitcoin & Dash
 
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Thinking about purchasing a Ledger Nano Hardware Wallet? Browse their official website: https://www.ledgerwallet.com/r/67ef Want to join coinbase to begin your crypto journey? Here’s a link to get free $10: https://www.coinbase.com/join/558828dc34383271a500003b Step up your game and Check Out Binance too: https://www.binance.com/?ref=10080191 Join the Robinhood app and invite your friends to Robinhood and win free stock. Here's my invite: http://share.robinhood.com/heidic1 Find me on Steemit: www.steemit.com/@heiditravels Twitter: @blockchainchick Instagram: @hheidiann If you’re looking for an app that tracks the price of BTC & ETH and many other coins, check out the CoinView App: https://play.google.com/store/apps/details?id=br.com.freeflowt.coinview LINKS FOR ADDITIONAL READING FOR THIS VIDEO & ALL INFO IN TEXT DOWN BELOW The crypto community likes to debate whether proof of work mining (POW) or proof of stake mining (POS) should reign supreme. But the thing about mining is that it isn’t the only technology that keeps the crypto machine working. Although the miners sequence the transactions into a block, it is the nodes that determine if the transactions themselves are valid and follow the consensus rules. Why would you want to run a node? Running your own Full node means you no longer have to ask someone else if the transaction went through, if it was valid. You now have an authoritative record of your own that answers that question. And here are a couple other reasons why running your own node is beneficial. It gives you a choice in the event of a hard fork: In the possible event of a hard fork where both blockchains remain active with economic activity on each side like the one in Ethereum/Ethereum Classic, running a full node is the only way you can validate the rules of the new or old blockchain, according to your preference. It increases your level of privacy: Using a centralized, lightweight or even SPV wallet will never be as private as running a full node. Since you rely on third-party servers to broadcast your transactions for you, those servers will be aware of which addresses belong to you. You may have noticed that I have not mentioned any type of monetary reward or incentive for running a full node. Even though Bitcoin has not organized a plan to compensate users who run full nodes yet, Dash has. Unlike Bitcoin which does not require a set amount of it’s coins to be used as collateral in order to qualify as a full node, Dash requires you to have 1000 of it’s coins to qualify for a master node, in return, Dash allocates 47.5% of it’s block reward to go to it’s masternodes. The 1000 dash coins remain in the persons possession, there is no need for you to transfer your private keys, and at any time you can remove yourself from the master node by reclaiming your collateral of the 1000 dash. The dash master node does more than just verify transactions, they also coordinate the mixing of coins and participate in voting for budget funding. Bottom line is this, if you truly value this epic thing that is decentralized cryptocurrency and you’re looking for a way to be a part of the movement, consider getting involved by running your own node. Be sure to check out the description of this video for additional links and information regarding what you’ll need to set up a node. Additional info/ Sources: What is a node? https://bitcoin.org/en/full-node#what-is-a-full-node Why run a node? http://bitcoinist.com/6-reasons-run-bitcoin-full-node/ & https://news.bitcoin.com/full-bitcoin-nodes-get-rewarded-like-miners/ Andreas Antonopoulos Explains Nodes: https://www.youtube.com/watch?v=fNk7nYxTOyQ How to Run a Bitcoin Node: https://btcmanager.com/hold-bitcoin-return-the-favor-by-running-a-node/ Actual cost of running a full node: https://www.reddit.com/r/btc/comments/5i5zez/how_much_does_running_a_full_node_actually_cost/ Coindesk Article: http://www.coindesk.com/bitcoin-nodes-need/ Earn Money with a Dash Masternode: https://www.dash.org/news/earn-passive-income-running-dash-masternode-raspberry-pi/ Learn more about dash masternodes: https://www.dash.org/masternodes2/
Views: 20836 Crypto Tips
What You Should Know About Oyster Pearl (PRL)
 
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Thinking about purchasing a Ledger Nano Hardware Wallet? Browse their official website: https://www.ledgerwallet.com/r/67ef Want to join coinbase to begin your crypto journey? Here’s a link to get free $10: https://www.coinbase.com/join/558828dc34383271a500003b Find me on Steemit: www.steemit.com/@heiditravels Twitter: @blockchainchick Instagram: @hheidiann If you’re looking for an app that tracks the price of BTC & ETH and many other coins, check out the CoinView App: https://play.google.com/store/apps/details?id=br.com.freeflowt.coinview Donation Addresses: Bitcoin (BTC): 16gwMprXw5ss8Nk23CU8Jc6XtVf7KYF621 Ethereum (ETH): 0xac5223209791820b4c37f6f6b4b5d249d25d55ac Dash: XuvS5TzRSRGbNZM2va9KXYxF6QBqQ4tVQp LINKS FOR ADDITIONAL READING FOR THIS VIDEO & ALL INFO IN TEXT DOWN BELOW Market data on Oyster: https://coinmarketcap.com/currencies/oyster-pearl/ Oyster Website: https://oyster.ws/ Oyster White Paper: https://oyster.ws/OysterWhitepaper.pdf More on IOTA: https://youtu.be/ZN8VDsyFMGc Oyster Pearl (PRL) was designed to address two very common problems: the lacking of anonymous, decentralized file storage and the decreasing effectiveness of ads for websites and content producers. The Oyster platform uses these in-demand features to create an ecosystem where users can pay to store files in a decentralized, anonymous way. They can also offer a fraction of their CPU or GPU power in return for advertisement free access to websites that participate in the system. It’s in this way that Oyster brings two kinds of users together, those wanting to store files, and those wanting ad free access. It should come as no surprise that file storage is becoming increasingly more attractive. Take a moment to think how fast it takes for you to use up all of the available storage on your phone or computer. Or are you sick of or quite frankly, scared of the information that ads collect about you? It’s not hard to see that there is room for this platform in this day and age, but we should take a better look at how they plan to achieve this. Files uploaded through Oyster are stored on IOTA’s Tangle. The Tangle is type of a DAG, or a Directed, Acyclic Graph that allows for redundant duplicates. So this gives a peace of mind for those concerned about the threat of lost data. Pair this with the fact that Oyster protocol will also use Proof of Work to guarantee that IOTA’s Tangle preserves the data. Files are stored anonymously, no personal information, no usernames or passwords are ever required to upload a file. Instead, each file uploaded is assigned a unique handle which you should treat as a private seed key. Furthermore, there are mixer contracts available via the Ethereum blockchain that can work to conceal who paid for the storage. This platform is open source, one of the philosophical bedrocks of cryptocurrency that I appreciate most. This also opens the door for a whole bunch of different kinds of Dapps that can be built onto of the platform. If you want to get a more specific explanation for how this will all be organized and distributed by using IOTA’s Tangle and Ethereum’s Smart Contracts, nothing does a better job than their white paper. Just keep in mind that although it reads a bit like a science fiction fantasy instruction manual it does lay out the logistics for all of the nodes required. That being said, here are some good questions that I think are worth paying attention to as this project moves forward: * How much CPU will be used from the Web Nodes? * If a Web Node visits many websites that are participating in this system, how will that affect CPU output? * If an individual pays for file storage for a certain amount of time, can this be extended if need be?
Views: 9471 Crypto Tips
Register Your EOS Before It's TOO LATE! Updated Tutorial
 
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Thinking about purchasing a Ledger Nano Hardware Wallet? Browse their official website: https://www.ledgerwallet.com/r/67ef Want to join coinbase to begin your crypto journey? Here’s a link to get free $10: https://www.coinbase.com/join/558828dc34383271a500003b Step up your game and Check Out Binance too: https://www.binance.com/?ref=10080191 Join the Robinhood app and invite your friends to Robinhood and win free stock. Here's my invite: http://share.robinhood.com/heidic1 Find me on Steemit: www.steemit.com/@heiditravels Twitter: @blockchainchick Instagram: @hheidiann If you’re looking for an app that tracks the price of BTC & ETH and many other coins, check out the CoinView App: https://play.google.com/store/apps/details?id=br.com.freeflowt.coinview LINKS FOR ADDITIONAL READING FOR THIS VIDEO & ALL INFO IN TEXT DOWN BELOW Tutorial for MyEtherWallet Users: https://www.youtube.com/watch?v=3mgRCta3K1k EOS Website: https://eos.io Third Party App for U.S. & China Register:https://nadejde.github.io/eos-token-sale/ Account Lookup & Get Your Username: https://eosio.github.io/genesis/tools/account-name/index.html Today I’m going to show you how to register your EOS tokens if you purchased them on an exchange. Also, if you are a citizen of the U.S. or China, there is a third party app that can help you out as well. Ultimately this process will be mapping the Ethereum address that contains your EOS tokens to a new set of EOS public and private keys so that when the EOS Mainnet launches and the snapshot is taken, your tokens will be registered and approved to use on the EOS platform. Once this happens, any EOS that aren’t registered will be Non-transferrable on the Ethereum Blockchain. Tips for making this process easier for you:* Move all of your EOS tokens from the exchange and store them in a wallet in which you have complete control, for example: MetaMask. * Store all of your EOS tokens in one wallet so you only have to register that one ETH address. If you are in the U.S. or China, and you are not able to view the EOS.io website, in the section that informs you of the process for taking part in the crowd sale and how to register your tokens, this third party app will work for you, it does leave a bit to be desired in regards to design, but it’s meant for utility. First thing, move your EOS tokens onto a secure wallet which you have control of the private keys. Again, in this case, the wallet will be MetaMask. If you are not in the U.S. or China, go to eos.io and scroll down to the “Get EOS” button. From here you’ll have to confirm that you are not a citizen of the U.S. or China. You can scroll down until you see “Participation Instructions” and click on the “Register” tab. Please read through these guidelines so you fully understand this process and what will happen if you miss the deadline.Since I am using MetaMask for this tutorial I will click on the MetaMask button. Unlock your MetaMask wallet and navigate to the account that is holding your EOS tokens. Once that’s done, click on the EOS Token Distribution button. After the page is done loading, click on the “Register EOS Key” button. This is the important information you’re going to want to back up and keep safe. You’ll see your EOS public key listed first, and below this is your private key. Write both of these down, or print them out and store them safely. To confirm your private key, you’ll need to copy and paste them into the space provided. Make sure that the private key was copied and pasted correctly and click on the “I have safely backed up my private key” button. From here you will receive a notification in your MetaMask wallet to submit the transaction. Since this will cost gas to complete, you’ll need some Ethereum in this wallet to complete the transaction. In this case, it will cost about $1.50. It might take a few minutes to go through unless you pump up the amount of gas you want to spend, but once the transaction goes through the screen will show the contract address, the Ethereum account that you registered, the EOS public key and the token balances. The listing of the Ethereum account is proof that this address is now mapped to the EOS public key (and subsequently the private key which you saved earlier. Any EOS that are stored in this wallet are now going to be included in the snapshot in June. Now that you have registered your Ethereum address with your newly created EOS public and private keys, you’ll need to go and look up your username that will be assigned to this address upon the genesis block of the EOS blockchain. This is the final piece of information you’ll need to solidify and prove that you have indeed mapped your ethereum address to your newly created EOS public and private keys.
Views: 11388 Crypto Tips
How To Use MyEtherWallet
 
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Find me on Steemit: www.steemit.com/@heiditravels Twitter: @blockchainchick Instagram: @hheidiann Thinking about purchasing a Ledger Nano Hardware Wallet? Browse their official website: https://www.ledgerwallet.com/r/67ef Want to join coinbase to begin your crypto journey? Here’s a link to get free $10: https://www.coinbase.com/join/558828dc34383271a500003b If you’re looking for an app that tracks the price of BTC & ETH and many other coins, check out the CoinView App: https://play.google.com/store/apps/details?id=br.com.freeflowt.coinview Donation Addresses: Bitcoin (BTC): 16gwMprXw5ss8Nk23CU8Jc6XtVf7KYF621 Ethereum (ETH): 0xac5223209791820b4c37f6f6b4b5d249d25d55ac Dash: XuvS5TzRSRGbNZM2va9KXYxF6QBqQ4tVQp LINKS FOR ADDITIONAL READING FOR THIS VIDEO & ALL INFO IN TEXT DOWN BELOW I’ve done a few videos that reference MyEtherWallet, unfortunately, those videos mostly consisted of warnings, and how to tell if you are on the legitimate site. No doubt, that is great information for all to be aware of, but I wanted to take a better look at what exactly you can do using MyEtherWallet. You can think of MyEtherWallet as the user friendly way to access the Ethereum blockchain. You can use this site to quickly create an Ethereum wallet that gives you control of the private keys. They give great instructions on their site so if you are interested in doing this go ahead and take a look. If you’re very new to this I encourage you to take your time and thoroughly read through the instructions to be sure you understand the implications of your responsibility for being in control of your own private keys. Consider this the next step up from just keeping your coins on an exchange.It has proven particularly helpful with the massive increase of ERC20 tokens because this website enables you to view and transfer any ERC20 tokens that you may have that are connected to an Ethereum address. So if, for example, you’ve used Metamask or a MEW ethereum address to partake in an ICO and you’d like to transfer the coins to a different place, here’s how you can do that: Import or access your wallet, MEW now gives quite a few options, but let’s say you want to import your metamask wallet. Input your password and you’ll be taken to a screen like this. Because there are so many tokens now, you’ll need to click the box that says “show tokens”. Here you’ll see a long list of tokens. If you have a balance of any of these, this is where you will see that information. If the token you’re interested in is not listed, you can easily add it by scrolling to the bottom and filling out the “add custom token” form. You’ll need the token contract address which you can find by going to ethplorer.io and searching your token, there is where you’ll find the token contract address, the token symbol and decimals information. Go ahead and fill in this form with the correct information and your new token will be added to this list for this wallet. If you want to make a transfer of any ERC20 tokens that are connected to this wallet, just select the drop down menu that is to the right of the “amount to send” box, select the token you’d like to transfer, fill out the amount you would like to send, the address you’d like to send it to, set your gas limit- this determines how quickly your transfer gets from point A to point B. If you want to learn more about gas price and its affect on transactions, check out the link up above. Once this info it filled out to your satisfaction, click “generate transaction” and your tokens will begin their journey through the crypto space. In addition to the wallet services they provide, you can also make trades with the BITY application right on the site, you can interact with smart contracts and the Ethereum Name Service. As we continue our exploration of MyEtherWallet, you’ll see the next few tabs give you options like trading Ethereum for Bitcoin or Ethereum for Augur, also you can trade Bitcoin for Augur or Ethereum as well. You can create offline transactions, interact with smart contracts, and even deploy your own smart contracts. You can search the ENS, the Ethereum Name Service system to see if your desired name is available. They also provide the steps needed to secure your own name. For those of you who aren’t familiar with this concept, you can check out my past video that talks more in depth about the Ethereum Name Service, basically this name service allows you to choose a name that you can use instead of a long public address. This can be very beneficial for those who often recieve payments in Ethereum or who make numerous transactions with this coin.
Views: 9068 Crypto Tips
What You Need to Know About the Top New DEXs and Kyber Network
 
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Thinking about purchasing a Ledger Nano Hardware Wallet? Browse their official website: https://www.ledgerwallet.com/r/67ef Want to join coinbase to begin your crypto journey? Here’s a link to get free $10: https://www.coinbase.com/join/558828dc34383271a500003b Step up your game and Check Out Binance too: https://www.binance.com/?ref=10080191 Join the Robinhood app and invite your friends to Robinhood and win free stock. Here's my invite: http://share.robinhood.com/heidic1 Find me on Steemit: www.steemit.com/@heiditravels Twitter: @blockchainchick Instagram: @hheidiann If you’re looking for an app that tracks the price of BTC & ETH and many other coins, check out the CoinView App: https://play.google.com/store/apps/details?id=br.com.freeflowt.coinview LINKS FOR ADDITIONAL READING FOR THIS VIDEO & ALL INFO IN TEXT DOWN BELOW IDEX: https://idex.market/ Blocknet: https://blocknet.co/ Cryptobridge: https://crypto-bridge.org/ Bisq: https://bisq.network/ Kyber: https://home.kyber.network/ Other Kyber Review: https://peculiarmonkeys.com/2017/11/03/kyber-network-knc-crypto-review/ IDEX Similar to EtherDelta in that its a DEX built on the Ethereum blockchain. This one has a better UI and is a bit more user friendly in general. You’ll need to import your Ethereum address onto their platform and deposit your ETH onto your account there to begin trading. Keep in mind the minimum trade and withdrawal requirements so you don’t end up with tokens stuck on this platform. IDEX functions as a website so you don’t need to download anything onto your computer. BlockNet The Blocknet DEX is one application for the Blocknet protocol. Blocknet is its own blockchain and this protocol is designed to facilitate cross chain transactions. The Blocknet DEX already facilitates the exchange of many different cryptocurrencies and this team is eager to help others add their coins to this list. The DEX is a built in component within their wallet so if you want to try this one out you’ll have to download this wallet onto your computer. CryptoBridge Cryptobridge is bull on the Bitshares graphene blockchain so they can take advantage of the fast and inexpensive transactions. The layout is similar to the OpenLedger DEX, except CryptoBridge hosts a huge number of alt coins to trade with. When you create an account here you’ll need to be sure to save your private key and make a safe backup. If your private key is lost they will not be able to help regain access to your funds on that account. Bisq In my opinion, Bisq is a great example of what a decentralized exchange should be. This one allows you to make trades with national currencies and cryptocurrencies. Because Bisq doesn’t use a website as its medium of interaction there’s no threat of malicious actors taking advantage of and URL. You’ll need to download the Bisq application onto your computer. When you create an account the application does a great job of guiding you to the right steps to take for securing your account. Kyber is addressing this by having their own reserves of the tokens that they list on the exchange. They also will provide third parties to establish their own reserves to guarantee liquidity for themselves as well. Since Kyber has designed their exchange to use smart contracts you’ll never deposit your tokens onto the exchange. You will have to import your wallet that you’d like to interact with, but the funds can be exchanged without having to be removed from your wallet. Since Kyber is an on-chain protocol for the Ethereum blockchain, it is specific for exchanging ETH and ERC20 tokens only. This obviously limits the types of coins you can trade, but it also makes it convenient with the fact that all ERC20 tokens and ETH can be stored on the same wallet. Since Kyber allows for trading EOS tokens, it’s really important to be aware that after the EOS mainnet is launched in June this year, these ERC20 tokens will be nontransferable. One other thing to note about this exchange is that the trades are organized as atomic swaps, meaning the trades either execute correctly or else it’s called off and each party is reimbursed their original tokens. In the future they have plans for offering derivatives for those wanting to take advantage of market movements, and they’ll also be offering payment APIs which will allow you to send or receive payments in the tokens that you prefer, even if the other party prefers a different token. They’ve just released their public Beta a couple weeks ago so if you want to go ahead and check this one out, just keep that in mind. Also if you find any bugs or notice anything about the experience that you think could be improved feel free to contact their team and help be a part of the process of improving this exchange.
Views: 4172 Crypto Tips
CRYPTO UPDATE! Brock Pierce Removed from EOS?? Google Bans Crypto Ads
 
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Thinking about purchasing a Ledger Nano Hardware Wallet? Browse their official website: https://www.ledgerwallet.com/r/67ef Want to join coinbase to begin your crypto journey? Here’s a link to get free $10: https://www.coinbase.com/join/558828dc34383271a500003b Step up your game and Check Out Binance too: https://www.binance.com/?ref=10080191 Join the Robinhood app and invite your friends to Robinhood and win free stock. Here's my invite: http://share.robinhood.com/heidic1 Find me on Steemit: www.steemit.com/@heiditravels Twitter: @blockchainchick Instagram: @hheidiann If you’re looking for an app that tracks the price of BTC & ETH and many other coins, check out the CoinView App: https://play.google.com/store/apps/details?id=br.com.freeflowt.coinview LINKS FOR ADDITIONAL READING FOR THIS VIDEO & ALL INFO IN TEXT DOWN BELOW Good news for those of you who purchased EOS on the exchange Binance, because even though I just made a video showing you how to register your tokens so they are usable when the EOS platform launches, if you’ve got your EOS on an account with Binance, they will be doing all that work for you. I’ve gotta say, even though this one is centralized, at least they tend to make decisions for the benefit of their user base. For example, if you hold any NEO coins on Binance, they will give you the Gas that accrues and is rightfully yours. If you’re holding NEO on Bittrex on the other hand, that exchange is happily raking in everyone’s Gas coins and keeping those coins for themselves. Just because Binance has a track record of doing right by their users, let’s not forget the fact that a the end of the day, as a user, you are still left hoping that they will continue to do so. I’ve started a series on decentralized exchanges. So far I’ve covered IDEX and will be covering a number of other options this week and next if you’re interested in learning more how to take control of your own coins so you don’t have to rely on the trustworthiness and honesty of centralized exchanges. Google has decided to ban ads for cryptocurrencies in addition to ICOs. What will this mean for bloggers and youtubers who like me, dedicate their time to educating and spreading the word about this semi-underground financial freedom movement? I wouldn’t be surprised if long ago Google changed their search engine algorithms so content involving cryptocurrencies are less visible. But my friend Randy Hilarski, he’s a wizard with social media, brought up a great point today as well. He pointed out that even though these ads are gone, it doesn’t at all take away the legitimacy of what we’re doing here. If anything it removes the bull crap and makes more room for real people creating real content to be found by real individuals looking for real answers and information. If you are a content creator or if you’re still worried about what this could mean for the future of this industry, fear not! Because there are plenty of other platforms that now use blockchain technology to ensure the immutability of content. Platforms like: Steemit.com, d.tube, LBRY.io, and soon to come, Civil: joincivil.com and I’m sure there are more that I have yet to learn about. EOS drama with Brock Pierce: Yes, Brock Pierce has a bit of a questionably shady past. Back in 1999 there were rumors of sexual abuse but he was never charged with a crime. Yes, this kind of history is the sort that will continue to haunt him. But that being said, you can’t deny the work and dedication he’s put forth for the benefit of the crypto community. He’s had numerous appearances with huge media outlets and he’s always emphasizing the bigger picture and possibilities that crypto can unleash for all of humanity. Unfortunately for Brock, thanks to a show on Comedy Central that aired a couple days ago, his past seems to be coming back to haunt him. Thanks to the huge audience and a flurry of new google searches for Brock and his past, it looks like block.one and the team behind EOS might be turning their backs on him. They’ve since edited all youtube videos to remove Brock from their channel and website also. Unless we get the full story and can understand the details as to why they made this decision, we’re left wondering if block.one is more worried about appearances than defending a man who has had blockchain’s back since day one, or if they knew about his past and now that it’s public knowledge they are retracing to save face. At this point we’re looking at a situation where one set of rumors has led to more speculation and distrust. Keep an eye out for an explanation from block.one as to why they decided to cut him out.
Views: 11490 Crypto Tips
Decentralizing the Internet: Golem
 
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Thinking about purchasing a Ledger Nano Hardware Wallet? Browse their official website: https://www.ledgerwallet.com/r/67ef Want to join coinbase to begin your crypto journey? Here’s a link to get free $10: https://www.coinbase.com/join/558828dc34383271a500003b Step up your game and Check Out Binance too: https://www.binance.com/?ref=10080191 Join the Robinhood app and invite your friends to Robinhood and win free stock. Here's my invite: http://share.robinhood.com/heidic1 Find me on Steemit: www.steemit.com/@heiditravels Twitter: @blockchainchick Instagram: @hheidiann If you’re looking for an app that tracks the price of BTC & ETH and many other coins, check out the CoinView App: https://play.google.com/store/apps/details?id=br.com.freeflowt.coinview LINKS FOR ADDITIONAL READING FOR THIS VIDEO & ALL INFO IN TEXT DOWN BELOW Cryptocurrency began as a way to change how we think about money. Over the past few years, this radical and innovative new thinking has infiltrated and morphed into a whole lot of other aspects of technology and life as we know it. In this day and age, the internet is a major part of our lives and there are a number of coins and projects who have their sights set on changing how that works too. Ethereum’s Virtual Machine, Shift, Maidsafe, and Golem are a few that are working towards decentralizing the internet, allowing you to monetize your unused computer space and power. Today I’m focusing on Golem. But don’t worry, I’ll be covering the others in videos soon to come. Golem is ranked number 14 on coinmarketcap.com with a price of .51 cents per coin. The total supply of Golem or GNT is capped at 1 billion coins, with the current circulating supply totaling 829 million. The 24 hours volume is around 9.4 million with the market cap totalling 424 billion. https://golem.network/ Golem’s website states it is a global, open sourced, decentralized super computer that anyone can access. It is also a sharing economy of computing power where anyone can make money by renting out their computing power or developing & selling software. Use cases for Golem include: Computer graphics Machine learning, or AI and Cryptography and mining Because Golem uses the Ethereum network, they use an ethereum-based transaction system to clear payments between providers, requestors and software developers Despite being called a pump and dump, which I think every alt coin at one point has been labeled as such, Golem as a cryptocurrency is quite promising. The team behind it has been working constantly to bring their project to life. Right now Golem is in its Alpha stage with a solid team testing the software. Furthermore, the crowd sale for Golem raised a commendable 6.8 million dollars which has since grown over 100million dollars. Golem runs on the Ethereum network with a team consisting of 15 individuals, 9 of which are software engineers, an ethereum engineer, and a p2p engineer and advisor. Golem is open source, meaning you’re free to check out their work on GitHub and see just how actively they are working on their project. Golem has some competition in the form of big name companies, like Amazon, Microsoft and other cloud storage service providers. Golem certainly has an edge with decentralization, and the potential to utilize thousands of computers and data centers to achieve fast, powerful computations, but I think they’ll have to consider how to compete with the other services that these big name companies provide that make them attractive to customers.
Views: 15694 Crypto Tips
AuroraDAO (AURA): Undervalued?
 
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Thinking about purchasing a Ledger Nano Hardware Wallet? Browse their official website: https://www.ledgerwallet.com/r/67ef Want to join coinbase to begin your crypto journey? Here’s a link to get free $10: https://www.coinbase.com/join/558828d Step up your game and Check Out Binance too: https://www.binance.com/?ref=10080191 Join the Robinhood app and invite your friends to Robinhood and win free stock. Here's my invite: http://share.robinhood.com/heidic1 Find me on Steemit: www.steemit.com/@heiditravels Twitter: @blockchainchick Instagram: @hheidiann LINKS FOR ADDITIONAL READING FOR THIS VIDEO & ALL INFO IN TEXT DOWN BELOW Aurora Website: https://auroradao.com/ IDEX explanation by Alex Warn: https://medium.com/aurora-dao/introducing-idex-61af097b48ad Panel discussion: https://youtu.be/0H18PhkDckA Bitcoin Mag article on AURA valuation: https://bitcoinmagazine.com/articles/fueling-decentralized-crypto-investments-aenigma/ Aurora DAO FAQ: https://auroradao.com/faq/ Aurora DAO Twitter: https://twitter.com/aurora_dao Aurora DAO Medium: https://medium.com/aurora-dao EtherDelta: https://techcrunch.com/2017/12/20/etherdelta-suspends-service/ How to Trade on IDEX: https://www.youtube.com/watch?v=DJn8Ml3ZCFM Connect to IDEX with a ledger: https://www.youtube.com/watch?v=S1pgjULZtPU
Views: 2914 Crypto Tips
Atomic Swaps Can Change Everything
 
04:11
Thinking about purchasing a Ledger Nano Hardware Wallet? Browse their official website: https://www.ledgerwallet.com/r/67ef Want to join coinbase to begin your crypto journey? Here’s a link to get free $10: https://www.coinbase.com/join/558828dc34383271a500003b Step up your game and Check Out Binance too: https://www.binance.com/?ref=10080191 Join the Robinhood app and invite your friends to Robinhood and win free stock. Here's my invite: http://share.robinhood.com/heidic1 Find me on Steemit: www.steemit.com/@heiditravels Twitter: @blockchainchick Instagram: @hheidiann If you’re looking for an app that tracks the price of BTC & ETH and many other coins, check out the CoinView App: https://play.google.com/store/apps/details?id=br.com.freeflowt.coinview LINKS FOR ADDITIONAL READING FOR THIS VIDEO & ALL INFO IN TEXT DOWN BELOW The Merkle Article on Atomic Swaps: https://themerkle.com/what-is-an-atomic-swap/ Coindesk Article on Atomic Swaps: https://www.coindesk.com/cross-blockchain-trades-lightning-gives-new-life-atomic-swaps/ ZEC Devs demonstrate Atomic Swap with BTC: https://news.bitcoin.com/engineers-demonstrate-zcashbitcoin-atomic-swaps/ Zerohedge Article on Atomic Swaps and Decentralized Exchanges: http://www.zerohedge.com/news/2017-09-25/are-crypto-exchanges-about-become-decentralized Decred Adds Atomic Swap Option: https://bitcoinmagazine.com/articles/decred-adds-atomic-swap-support-exchange-free-cryptocurrency-trading/ Lightning Network and Atomic Swaps: https://bitcoinmagazine.com/articles/atomic-swaps-how-the-lightning-network-extends-to-altcoins-1484157052/ BlockGeeks Explains Smart Contracts: https://blockgeeks.com/guides/smart-contracts/ So let’s take a step back and look at what it is that users of cryptocurrency ultimately want. We want to have control of our coins, we want to make trades as fast as possible- I mean, who actually enjoys waiting to see if their trade went through? And we want to know that we won’t be robbed when we put our coins up for a trade. Decentralized exchanges are a good start to achieving this ideal. They kill two birds with one stone by allowing you to stay in control of your coins- this removes third party risk altogether- but their major downfall is low volumes which lead to very slow or uncertain trades. Thankfully the cryptospace is full of innovative thinkers and awesome developers who come up with impressive ways to improve how value can be transferred. Today let’s learn about Atomic Swaps. Atomic swaps are transactions that allow you to quickly trade one type of coin or token for another with another individual without paying any fees to a third party. And it is this distinction that you can trade across blockchains instantly that makes atomic swaps something that will change how we interact with each other via cryptocurrency in a very dramatic way. How it works involves smart contracts and the lightning network. If you want to learn about what smart contracts are and how they work and/or what Lightning Network is, check out the links up in the corner here, and I’ll also post them in the description down below. So basically atomic swaps occur thanks to smart contracts, they are called atomic because they either happen 100% or else all parties are refunded their original coins or tokens. Because of the use of smart contracts, these transactions incur zero fees from a third party, and as long as both parties meet the agreed upon conditions for the trade then it will be initiated. That’s the beauty of smart contracts, they remove human error and manipulation, so you’ll know that your trade either was a success or else you get all of your coins returned. If you’re interested in learning more about this specific type of smart contract, take a look at HTLC, a hashed timelock contract. Atomic swaps require different blockchains to interact with each other; this means for an atomic swap to happen, it requires that the coins being traded are both from blockchains that use the Lightning Network. The Lightning Network allows blockchains to have off chain transactions and with a little bit of tweaking, it will allow for any blockchain that utilizes it to become interoperable. So right now you can conduct atomic swaps using Bitcoin, Litecoin, Zcash, Decred. The only trick right now is finding someone to make the trade with. In the near future, even if a merchant only accepts bitcoin, you would be able to pay him using Zcash and it would instantly be converted to Bitcoin for him to receive. This is the type of innovation that makes me all the more excited and motivated to keep diving down the rabbit hole that is crypto and blockchain tech.
Views: 10534 Crypto Tips
The Truth About ERC20 Tokens
 
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Find me on Steemit: www.steemit.com/@heiditravels Twitter: @blockchainchick Instagram: @hheidiann Thinking about purchasing a Ledger Nano Hardware Wallet? Browse their official website: https://www.ledgerwallet.com/r/67ef LINKS FOR ADDITIONAL READING FOR THIS VIDEO & ALL INFO IN TEXT DOWN BELOW ERC20 Tokens for Dummies Tutorial: https://www.youtube.com/watch?v=hrwXThR7mUc How to Check if it’s an ERC20 token: https://ethplorer.io/ What is the ERC20 Token Standard: https://nulltx.com/what-is-the-erc20-ethereum-token-standard/ Ethereum Wiki for ERC20 Standard: https://theethereum.wiki/w/index.php/ERC20_Token_Standard Comparing ERC20, ERC223 and ERC777 Standards: http://icocrowd.com/comparing-erc20-erc223-and-erc777-ethereum-token-standards/ Hear from the ETH Dev Who Proposed ERC223: https://www.cointelligence.com/content/comparison-erc20-erc223-new-ethereum-erc777-token-standard/ Reddit/r/ethdev for ERC223 Role out: https://www.reddit.com/r/ethdev/comments/6zhagu/new_token_contract_erc223_vs_erc20/ Taking a step back, Ethereum was actually developed in order to facilitate these tokens' very existence. For a long time now, the team behind Ethereum had their sights set on building a platform that hosts many different dApps, or decentralized applications. That is essentially what these tokens on Ethereum’s blockchain represent. They are the units of value that give you the ability to partake in the application with which it is associated. If you want to move these tokens out of this Ethereum address, or wallet, you can import this wallet onto MyEtherWallet.com. I’ve conveniently put together a video that goes over all of this in detail, it’s called Storing ERC20 Tokens for Dummies, but I know you’re not a dummy, you know what ERC20 tokens are so that puts you way ahead of the game at this point. https://www.youtube.com/watch?v=hrwXThR7mUc If you’re ever curious if a coin is actually a coin, or if its an ERC20 token that is a part of Ethereum, all you have to do is visit ethplorer.io and type the name of the coin/token into the search bar. If it is recognised and you’re shown its statistics, you know that it is indeed an ERC20 token. Why the name ERC20? ERC stands for Ethereum Request for Comment. The number 20 refers to the request number. Let me break it down for you. There are a whole bunch of projects who have chosen to launch their tokens on the Ethereum blockchain. These tokens ultimately need to have some sort of common qualities, capabilities because they are all using the Ethereum Blockchain. If these tokens have a set protocol, it is easier for things like wallets and other platforms to support them. In order to establish which functions these tokens can have, there needs to be a standard by which they will abide. These standards are proposed by Ethereum developers and can be viewed on the Ethereum Github, since Ethereum is indeed an open source platform. Without a doubt, the most common of these proposed standards is the 20th Ethereum Request for comment. That is the tokens that have been designed with the ERC20 standard. However, this does not mean that this standard is perfect. In fact it actually has some issues that have led to the loss of over a million of dollars worth of tokens. Here’s the issue. These tokens work with the Ethereum Blockchain by utilising smart contracts. If you’ve ever participated in an ICO for an ERC20 token for example, you sent your Ethereum to a smart contract. Once the token sale was finished, you were allocated your tokens according to the agreement of that smart contract. Also, if that token sale failed to meet its minimum cap, you should have been refunded your investment. The thing with smart contracts is that they have their own specific addresses also, addresses like those for Ethereum wallets. These contract addresses were not designed to receive tokens. So if you were to accidentally send a token or a number of tokens to a contract address, those tokens would be withdrawn from your wallet and then lost in a sort of limbo, where no one can retrieve them. This is how millions of dollars worth of tokens have been lost. The Ethereum Requests for Comment did not stop at 20. In fact there are several hundreds. There are some which have been created that address this specific issue. ERC223 and ERC777 take different paths that aim to achieve the same solution. I’ll be providing links down below for those of you who wish to venture down this rabbit hole. But in the meantime it’s good to know that this problem is being addressed and many different solutions now exist. The trick is getting the popular applications and wallet platforms that interact with the Ethereum blockchain to begin implementing the needed changes to support these new protocols as well.
Views: 4648 Crypto Tips
Understanding EOS
 
03:49
Thinking about purchasing a Ledger Nano Hardware Wallet? Browse their official website: https://www.ledgerwallet.com/r/67ef Want to join coinbase to begin your crypto journey? Here’s a link to get free $10: https://www.coinbase.com/join/558828dc34383271a500003b Step up your game and Check Out Binance too: https://www.binance.com/?ref=10080191 Join the Robinhood app and invite your friends to Robinhood and win free stock. Here's my invite: http://share.robinhood.com/heidic1 Find me on Steemit: www.steemit.com/@heiditravels Twitter: @blockchainchick Instagram: @hheidiann If you’re looking for an app that tracks the price of BTC & ETH and many other coins, check out the CoinView App: https://play.google.com/store/apps/details?id=br.com.freeflowt.coinview LINKS FOR ADDITIONAL READING FOR THIS VIDEO & ALL INFO IN TEXT DOWN BELOW BitShares, Steemit, and now EOS Although he didn't do it alone, it seems that Dan has a thing for wanting to change and elevate our expectations for how certain systems can work. The creation of BitShares showed us how to connect the idea of an exchange with that of an entire ecosystem fit for the utility of cryptocurrency. Steemit helps everyone but especially the non techies to realize their own potential for an alternative means of income and very cleverly introduces people to the blockchain. Now it's time to understand the implications of EOS. There’s at least one common theme that I’ve recognized which runs among the projects developed by Dan Larimer and his team, it is ease of use. It is in this way that I can see a real parallel with EOS and the company Apple, how it focuses on the end user experience and formulates the technology to accommodate it’s customers. From my understanding, Dan has a vision to build a blockchain for smart contracts that will act as a hosting environment for decentralized applications. These Dapps could then be built by anyone and they wouldn’t need permission to launch them on the EOS platform. The general sense of the benefits that EOS is promising to provide include ease of use, faster transactions with zero fees. It’s been labeled as the “Ethereum Killer” and Dan has stated in [an interview with Jeff Berwick](https://anarchast.com/new-ethereum-killer-cryptocurrency-called-eos-dan-larimer/) that “it is designed to deliver on Ethereum’s promises” That to me is a ballsy statement and I’ve got to admit that I like seeing him speak about this new platform with such confidence. No matter how much I'd like to be 100% on board with this topic I really feel the need to express a few of my concerns, don't worry, there isn't many and I'm sure they will be reconciled as this project progresses. I would be remiss if I didn’t apply the critical analysis questions that I’ve spoken about many times in past videos to this new project called EOS. The main concern that I’ve had since I first learned about EOS was the fact that they are distributing their tokens before having a viable product that is ready to be released. It’s the question of how much is being promised for the future and how much is proven to be accomplished to date. I’ve heard Dan’s explanation for the reasoning behind this, stating that once they release this new blockchain platform the development process will slow down considerably, so they are giving themselves ample time to prepare. I completely understand this but no matter how much I believe in Dan and his ability to create innovative blockchains, a promise for the future is not a guarantee. I’m just hoping that one year proves to be enough time. If you’re like me and your curious as to why EOS would chose the smart contract capabilities of it’s future competitor to accomplish its token distribution, go ahead and check out the links I’ve posted down below, I found that these articles have very helpful explanations. https://steemit.com/eos/@trogdor/the-eos-ico-for-dummies https://steemit.com/ethereum/@boxmining/ethereum-vs-eos
Views: 21495 Crypto Tips
Could This Be the Ultimate DEX? Buy BTC/ETH/Dash with USD/EURO/CAD... and More.
 
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Thinking about purchasing a Ledger Nano Hardware Wallet? Browse their official website: https://www.ledgerwallet.com/r/67ef Want to join coinbase to begin your crypto journey? Here’s a link to get free $10: https://www.coinbase.com/join/558828dc34383271a500003b Step up your game and Check Out Binance too: https://www.binance.com/?ref=10080191 Join the Robinhood app and invite your friends to Robinhood and win free stock. Here's my invite: http://share.robinhood.com/heidic1 Find me on Steemit: www.steemit.com/@heiditravels Twitter: @blockchainchick Instagram: @hheidiann If you’re looking for an app that tracks the price of BTC & ETH and many other coins, check out the CoinView App: https://play.google.com/store/apps/details?id=br.com.freeflowt.coinview LINKS FOR ADDITIONAL READING FOR THIS VIDEO & ALL INFO IN TEXT DOWN BELOW Website: https://bisq.io Website II: https://bisq.network Community Links: https://bisq.network/community/ FAQ: https://bisq.network/faq/#1 Bisq is a decentralized exchange that does not use a website as it’s interface, instead you’ll need to download the app, or if you’re feeling fancy you can build your own app yourself using the source code they provide. Bisq uses the Tor network to connect to the Bitcoin Mainnet. You should take a look around this app once it’s installed and get a feel for the layout. Once you make your way to your account tab, this is where you’ll need to be prepared to backup your Bisq account with a USB drive and also encrypt your seed words using a strong password. Write your seed words down on a piece of paper and keep them safe along with that USB drive you’re using to back up your account. The Bisq app itself does a good job of reminding you what you should do to encrypt your seed words and backing up your account so if you follow their instructions you’ll be fine. Now that your account is all squared away let’s explore the markets. Bisq has a number of base cryptocurrencies and national currencies you can choose to trade with and there’s also a long list of alt coins to choose from to trade with these base currencies. You can choose to fill an order that someone else has put out, or you can create your own and wait for it to get filled. When it comes to trading with your national currency, you’ll be able to fill another person’s trade only if you are also using the same type of account to fund the trade, for example, you’ll both need to be using a Venmo account, or Chase Quick Pay. If you don’t see an order that matches with your own account type, you’ll need to create an order of your own. If you want to connect an account to use to purchase cryptocurrencies with your national currency, there’s plenty of choices here. It’s important to note that the information you provide for trading these national currencies, like your name and email will be shared with whoever you are matched to trade with. This information is stored locally on your computer so Bisq itself does not have access to it. You’ll also notice that there will be a limit placed on the value of your trades, this is to protect against chargebacks from your national currency account type. As your account ages, this limit will increase. However, there is not a limit on how many trades you can do.
Views: 4766 Crypto Tips
Discovering Satoshi: Nick Szabo
 
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Thinking about purchasing a Ledger Nano Hardware Wallet? Browse their official website: https://www.ledgerwallet.com/r/67ef Want to join coinbase to begin your crypto journey? Here’s a link to get free $10: https://www.coinbase.com/join/558828dc34383271a500003b Step up your game and Check Out Binance too: https://www.binance.com/?ref=10080191 Join the Robinhood app and invite your friends to Robinhood and win free stock. Here's my invite: http://share.robinhood.com/heidic1 Find me on Steemit: www.steemit.com/@heiditravels Twitter: @blockchainchick Instagram: @hheidiann If you’re looking for an app that tracks the price of BTC & ETH and many other coins, check out the CoinView App: https://play.google.com/store/apps/details?id=br.com.freeflowt.coinview LINKS FOR ADDITIONAL READING FOR THIS VIDEO & ALL INFO IN TEXT DOWN BELOW: Wiki: https://en.wikipedia.org/wiki/Nick_Szabo Twitter: https://twitter.com/NickSzabo4 Nick Szabo Blog: https://unenumerated.blogspot.com/2018/ Interview with Tim Ferris: https://tim.blog/2017/06/04/nick-szabo/ Similar Thoughts, Satoshi and Szabo: https://medium.com/@rextar4444/if-satoshi-nakamoto-and-nick-szabo-have-the-same-unique-argument-does-that-make-it-stronger-8299c32eb4d7 Shelling Out: http://nakamotoinstitute.org/shelling-out/ Logical Emergence of Money from Barter: http://nakamotoinstitute.org/shelling-out/ Byzantine Fault-Tolerace: https://en.wikipedia.org/wiki/Byzantine_fault_tolerance Today’s subject is Nick Szabo. Nick is a polymath, meaning he is an expert in many different subject areas. In his case, he is a computer scientist, economist, and legal scholar and cryptographer. This guy has had quite the foresight with his ideas and things that have ended up coming to fruition in this crypto space. He designed “Bit Gold” about a decade before Bitcoin, which has been called the predecessor for the Bitcoin architecture. Bit gold would have worked so that participants would dedicate computer power to solve cryptographic puzzles and each solution for these puzzles would have served as a part of the next challenge. Sounds a bit like the beginning of a chain to me… These solutions would then be reported to a Byzantine fault-tolerant public register. Byzantine fault tolerance or BFT is a way to organize (in this case) a system of computers to address and defend against the failure of a system. He even created the concept and phrase “smart contracts” way back in 1993 because he had the goal of bringing “highly evolved” practices of contract law together with the design of electronic commerce protocols between strangers on the internet. Now we are seeing the huge growth of the implementation of smart contracts all over this crypto space with Ethereum and ERC20 tokens. As with a number of other individuals I’ve previously covered in this “Discovering Satoshi” series, Nick Szabo has been hounded by people trying to solve the mystery of identifying the anonymous Bitcoin creator who goes by or at the very least, went by Satoshi Nakamoto. Is it really even important anymore to put a face to the name? What should be more important and more highly valued is what was created, not who specifically created it. If you couldn’t tell already, I’m partial to learning more about a whole host of individuals who played a part in the creation and facilitation of this crypto space. Lucky for us, Nick Szabo has a lot of thoughts on things like economics, cryptography and other topics, he’s also a great writer. He’s got a blog that I think is very much worth checking out if you’re interested in expanding your knowledge library. You can find it at unenumerated.blogspot.com. His blog goes really in-depth and there’s a ton of material there for you to check out, he doesn’t post all too often, but when he does, it’s worth it.
Views: 3404 Crypto Tips
Bitcoin, ETFs, & The Suspicious SEC
 
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Thinking about purchasing a Ledger Nano Hardware Wallet? Browse their official website: https://www.ledgerwallet.com/r/67ef Want to join coinbase to begin your crypto journey? Here’s a link to get free $10: https://www.coinbase.com/join/558828d Step up your game and Check Out Binance too: https://www.binance.com/?ref=10080191 Join the Robinhood app and invite your friends to Robinhood and win free stock. Here's my invite: http://share.robinhood.com/heidic1 Find me on Steemit: www.steemit.com/@heiditravels Twitter: @blockchainchick Instagram: @hheidiann LINKS FOR ADDITIONAL READING FOR THIS VIDEO & ALL INFO IN TEXT DOWN BELOW
Views: 2235 Crypto Tips
Bitcoin Price Predictions for 2018: Part 2
 
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Thinking about purchasing a Ledger Nano Hardware Wallet? Browse their official website: https://www.ledgerwallet.com/r/67ef Want to join coinbase to begin your crypto journey? Here’s a link to get free $10: https://www.coinbase.com/join/558828dc34383271a500003b Step up your game and Check Out Binance too: https://www.binance.com/?ref=10080191 Join the Robinhood app and invite your friends to Robinhood and win free stock. Here's my invite: http://share.robinhood.com/heidic1 Find me on Steemit: www.steemit.com/@heiditravels Twitter: @blockchainchick Instagram: @hheidiann If you’re looking for an app that tracks the price of BTC & ETH and many other coins, check out the CoinView App: https://play.google.com/store/apps/details?id=br.com.freeflowt.coinview LINKS FOR ADDITIONAL READING FOR THIS VIDEO & ALL INFO IN TEXT DOWN BELOW Trace Mayer https://www.tracemayer.net/ Prediction: https://cointelegraph.com/news/ultra-rich-investor-trace-mayer-predicts-bitcoin-price-will-reach-27395-in-just-four-months http://bitcoinist.com/trace-mayer-bitcoin-115k-2018/ Max Keiser http://www.maxkeiser.com/ Prediction: https://cointelegraph.com/news/predictions-roll-in-as-tom-lee-sets-40-bitcoin-growth-by-mid-2018 https://mikenormaneconomics.blogspot.pt/2018/02/max-keiser-ignore-roubinis-bitcoin.html http://www.maxkeiser.com/2018/01/3-straightforward-predictions-for-cryptocurrency-in-2018/ https://www.youtube.com/watch?v=SXuTzC-RhsY http://www.maxkeiser.com/2018/01/3-straightforward-predictions-for-cryptocurrency-in-2018/ Trace Mayer has formal education in Accounting and Law and he studied Austrian economics, he also was a blogger back when Bitcoin was in its infancy and began recommending his audience to invest when it was at $0.25. I wanted to begin today’s video with Trace’s thoughts as an example of what a **long time** Bitcoin believer sees as a realistic valuation for this year and the years to come. His thoughts on the price of Bitcoin for this year are pretty conservative compared to the others I’ve covered so far. Back in October 2017, about 2 months before the dramatic run up to it’s new all time highs in mid-December, Trace was predicting Bitcoin’s price to hit $27,000 in February 2018. Citing its 200 moving day average as the reason for this price to be a reasonable valuation. He gave another prediction in January, 3 months later after seeing the price movements in December and the recoil in January. This time he mentioned that if Wall Street investors wanted to get into Bitcoin, that Mountain of money could catapult Bitcoin’s price to $115,000 this year, which would be quite over valued. Until this happens Trace sees Bitcoin hovering in the $9,000-$14,000 range for the remainder of this year. Max is a financial analyst and has a show on RT called the Keiser Report with his lovely cohost Stacey Herbert. Frankly I don’t care if this comes off as biased, but I’m a huge fan of their show. It’s either the great banter between the two hosts or the plethora of information they cover in the short amount of time or just the sheer enthusiasm and passion that pretty much oozes out of Max, but I’m a fan and I’m going to recommend that you check it out if you haven’t already. He does say that he sees the future of Bitcoin hitting the $100,000 mark but doesn’t provide a timeline. His other predictions for cryptocurrencies in 2018 include: * Influx of institutional investors- 2017 brought us BTC futures thanks to the CME and CBOE, this could set the stage for ETFs in 2018. Which would lead more institutional investors into Bitcoin and cryptocurrencies in general. * Increased pressure to tax cryptocurrency gains- the court case between Coinbase and the IRS was a hint that they are interested in knowing who’s invested in what and they type of gains they’ve made that they haven’t been reporting. * Increased Regulations - Which could lead to big price swings like we saw with every announcement out of China in 2017. As it turns out, my time spent organizing this series has sent me down one of those rabbit holes so I’m going to end with the Max Keiser today. Although this one might be leaving something to be desired, I’ll be back tomorrow with more insights and some thought provoking dialogue for you all as we explore how Cliff High and his Web Bot makes predictions and also, the infamous bet that John McAfee waged that could end up seeing him turn into a self-inflicting cannibal of sorts.
Views: 11405 Crypto Tips
Sticking it to The Man: LBRY
 
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Thinking about purchasing a Ledger Nano Hardware Wallet? Browse their official website: https://www.ledgerwallet.com/r/67ef Want to join coinbase to begin your crypto journey? Here’s a link to get free $10: https://www.coinbase.com/join/558828dc34383271a500003b Step up your game and Check Out Binance too: https://www.binance.com/?ref=10080191 Join the Robinhood app and invite your friends to Robinhood and win free stock. Here's my invite: http://share.robinhood.com/heidic1 Find me on Steemit: www.steemit.com/@heiditravels Twitter: @blockchainchick Instagram: @hheidiann If you’re looking for an app that tracks the price of BTC & ETH and many other coins, check out the CoinView App: https://play.google.com/store/apps/details?id=br.com.freeflowt.coinview LINKS FOR ADDITIONAL READING FOR THIS VIDEO & ALL INFO IN TEXT DOWN BELOW LBRY Waiting List: https://lbry.io/get?r=4wspo LBRY Website: https://lbry.io/learn LBRY GitHub: https://github.com/lbryio/lbry LBRY blog: https://lbry.io/news Steemit article breaking it down: https://steemit.com/library/@thecryptoadvisor/what-in-the-world-is-a-library-credit-lbc-crypto-currency Great interview of LBRY team- Director, Dev & Marketing: https://cointelegraph.com/news/lbry-the-lovechild-of-bitcoin-bittorrent-storj Classic movies can get rediscovered thanks to LBRY: https://lbry.io/news/open-a-valve-to-gush-classic-movies LBRY discussions: https://lbry.io/news/lbry-app-sneak-peak-big-questions-answered-lbry-on-blocktalk-last-night Publishing partner Adult Swim: https://lbry.io/news/mde-on-lbry Exciting AMA: https://lbry.io/news/reddit-ama-answers How it differs from Bittorrent and IPFS, SingularDTV, Maidsafe: https://lbry.io/news/what-makes-lbry-different Type of quality content you can find on LBRY: https://lbry.io/news/mike-hill Music on LBRY: https://lbry.io/news/acousticlabs I finally decided to dive into the world of LBRY and all that it has to offer. I must say the more I read about it the more excited I got about the project, both from the viewpoint of a content creator and also as a prospective consumer. I’m an active user and promoter of a different type of social network that incorporates cryptocurrency called Steemit that pays you to post quality content, you also get paid for voting for and commenting on the posts of others. But LBRY seems very different to me and that has me intrigued. Ranked 58th coinmarketcap.comCurrent price- .82 per coin Circulating supply- 68 million coins total supply- 466 million coins 24 hour volume- $5 million market cap- $56 million available on poloniex, bittrex cryptopia, poloniex has the biggest volume The team behind LBRY is quick to give credit to Bitcoin for blazing this new decentralized, distributed, crypto path that they and many others are now able to take advantage of. They also realize that it is far too early to label how exactly LBRY will excel and exactly in which direction. To quote Mike Vine, LBRY’s marketing director, “…LBRY is a fundamentally better way to distribute and access all consumer-oriented information…” They have set their sights on the big five of media- music, movies, video games, tv, and books It is very similar to Bittorrent in regards to how files are shared, but what makes them different is that LBRY changes what motivates hosts to share certain files by replacing popularity with price. LBRY can really cater to niche markets by making available obscure pieces of work, be it movies, music or books, to its seekers who are willing to pay a bit more money for them. Hosts will want to provide anything that will bring in more money. One aspect to LBRY that has been cause for confusion and concern is their name service. They’ve designed it in such a way that it ensures the most reputable entity owns the most legitimate name for the content they provide. They achieve this by having an auction-based name service. Essentially this means your name is never “safe”. Someone can place a higher bid for your name and if you don’t counter-offer in the time given for you to respond, you will forfeit that name. Understandably, since we are so accustomed to the idea that once we own something, it is ours forever, this has made some people a bit uneasy. To provide some relief to those who want to participate yet are not happy with the impermanence of the name service, LBRY is implementing permanent URLs that you can own forever if you chose to go that route.
Views: 11489 Crypto Tips
CryptoCurrency: Pros & Cons
 
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Thinking about purchasing a Ledger Nano Hardware Wallet? Browse their official website: https://www.ledgerwallet.com/r/67ef Want to join coinbase to begin your crypto journey? Here’s a link to get free $10: https://www.coinbase.com/join/558828dc34383271a500003b Step up your game and Check Out Binance too: https://www.binance.com/?ref=10080191 Join the Robinhood app and invite your friends to Robinhood and win free stock. Here's my invite: http://share.robinhood.com/heidic1 Find me on Steemit: www.steemit.com/@heiditravels Twitter: @blockchainchick Instagram: @hheidiann If you’re looking for an app that tracks the price of BTC & ETH and many other coins, check out the CoinView App: https://play.google.com/store/apps/details?id=br.com.freeflowt.coinview LINKS FOR ADDITIONAL READING FOR THIS VIDEO & ALL INFO IN TEXT DOWN BELOW If you are brand stinkin’ new to learning about crypto currencies I’m sure you’ve got a lot of questions. At least I hope you have a lot of questions, it’s good if you do, it means you’re a critical thinker. There’s lots to be weary of in the crypto space and the more questions you ask the easier it will be to come to your own conclusions. After all, if you decide to invest your money, it’s just that, YOUR money. Be smart, educate yourself and if I were to give any investment advice it would be this: invest in coins or projects that you believe in and want to support, invest in projects, that in your opinion, provide real solutions. Okay, so I’d like to address some commonly asked questions that are aimed at Bitcoin, but really, they apply to most cryptocurrencies. First, what are the benefits to Bitcoin or cryptocurrencies? * Freedom - This means that bitcoin and alt coins enable you to send and receive any amount of money instantly anywhere in the world at any time. No bank holidays. No borders. No imposed limits. They allows users to be in full control of their money. * Fewer risks for merchants - Transactions are secure, irreversible, and do not contain customers’ sensitive or personal information. This protects merchants from losses caused by fraud or fraudulent chargebacks. The net results are lower fees, larger markets, and fewer administrative costs. * Security and control - Users of crypto are in full control of their transactions; it is impossible for merchants to force unwanted or unnoticed charges as can happen with other payment methods. Payments can be made without personal information tied to the transaction. This offers strong protection against identity theft. Not to mention the fact that users can also protect their money with backup and encryption. * Transparent and neutral - All information concerning the money supply itself is readily available on the blockchain for anybody to verify and use in real-time. No individual or organization can control or manipulate the protocol because it is cryptographically secure. This allows for trust in being completely neutral, transparent and predictable. Now what are the downsides to Bitcoin or other cryptocurrencies? * Degree of acceptance - Many people are still unaware of Bitcoin and even less so of other cryptocurrencies. Every day, more businesses accept bitcoins because they want the advantages of doing so, but the list remains small and still needs to grow in order to benefit from network effects. * Volatility - The total value of bitcoins in circulation and the number of businesses using Bitcoin are still very small compared to what they could be. Therefore, relatively small events, trades, or business activities can significantly affect the price. In theory, this volatility will decrease as the technology matures and Bitcoin interest rates normalize. Never before has the world seen a start-up currency, so it is truly difficult (and exciting) to imagine how it will play out. Why do bitcoins have value? Bitcoins have value because they are useful as a form of money. Bitcoin and altcoins have the characteristics of money like: (durability, portability, fungibility, scarcity, divisibility, and recognizability) based on the properties of mathematics rather than relying on physical properties (like gold and silver) or trust in central authorities (like fiat currencies). all that is required for a form of money to hold value is trust and adoption. In the case of Bitcoin, this can be measured by its growing base of users, merchants, and startups. As with all currency, bitcoin's value comes only and directly from people willing to accept them as payment. Additional Reading: https://www.weusecoins.com/en/questions/
Views: 8927 Crypto Tips
Weekly Coin Intro: Decred
 
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Thinking about purchasing a Ledger Nano Hardware Wallet? Browse their official website: https://www.ledgerwallet.com/r/67ef Want to join coinbase to begin your crypto journey? Here’s a link to get free $10: https://www.coinbase.com/join/558828dc34383271a500003b Find me on Steemit: www.steemit.com/@heiditravels Twitter: @blockchainchick Instagram: @hheidiann If you’re looking for an app that tracks the price of BTC & ETH and many other coins, check out the CoinView App: https://play.google.com/store/apps/details?id=br.com.freeflowt.coinview Donation Addresses: Bitcoin (BTC): 16gwMprXw5ss8Nk23CU8Jc6XtVf7KYF621 Ethereum (ETH): 0xac5223209791820b4c37f6f6b4b5d249d25d55ac Dash: XuvS5TzRSRGbNZM2va9KXYxF6QBqQ4tVQp LINKS FOR ADDITIONAL READING FOR THIS VIDEO & ALL INFO IN TEXT DOWN BELOW ---------------------------------------------------------------------------------------------------------------- Decred Website: https://decred.org/ Decred 2017 Roadmap: https://blog.decred.org/2017/01/09/2017-Decred-Roadmap/ Bitcointalk Info on Decred: https://bitcointalk.org/index.php?topic=1290358.0 Youtube video how to hard fork vote: https://youtu.be/gdLdOYZxY9k This coin is currently number 15 on coinmarketcap.com. The total supply of Decred is 5,085,377, with the actually circulating supply at 4,665,377. The market cap of decred is 51 million Decred utilizes hybrid proof of work/proof of stake by using a decentralized lottery to select proof of stake miners to vote on proof of work blocks. Decred allows for cold staking and decentralized stake pooling. This allows you to generate new coins through proof of stake mining without the risk of having your coins online. Because the decred proof of stake mining system was designed with decentralized stake pooling in mind, this gives you the chance to participate in validating the network even if you have a small amount to stake. Decred also has a cool internal voting system put in place for the addition of new features and hard or soft fork selection. So this means that both Proof of work and proof of stake miners can vote for features and issues through bit flags. This provides a sensible mechanism for resolving disputes about the features of the blockchain
Views: 8408 Crypto Tips
Storing ERC20 Tokens For Dummies
 
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Thinking about purchasing a Ledger Nano Hardware Wallet? Browse their official website: https://www.ledgerwallet.com/r/67ef Want to join coinbase to begin your crypto journey? Here’s a link to get free $10: https://www.coinbase.com/join/558828dc34383271a500003b Join the Robinhood app and invite your friends to Robinhood and win free stock. Here's my invite: http://share.robinhood.com/heidic1 Find me on Steemit: www.steemit.com/@heiditravels Twitter: @blockchainchick Instagram: @hheidiann If you’re looking for an app that tracks the price of BTC & ETH and many other coins, check out the CoinView App: https://play.google.com/store/apps/details?id=br.com.freeflowt.coinview LINKS FOR ADDITIONAL READING FOR THIS VIDEO & ALL INFO IN TEXT DOWN BELOW: etherscan.io ethplorer.io myetherwallet.com mycrypto.com New EIP: https://github.com/ethereum/EIPs/issues/223
Views: 3388 Crypto Tips
KeepKey: The Hardware Wallet that Uses ShapeShift
 
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Want to join coinbase to begin your crypto journey? Here’s a link to get free $10: https://www.coinbase.com/join/558828dc34383271a500003b Find me on Steemit: www.steemit.com/@heiditravels Twitter: @blockchainchick Instagram: @hheidiann If you’re looking for an app that tracks the price of BTC & ETH and many other coins, check out the CoinView App: https://play.google.com/store/apps/details?id=br.com.freeflowt.coinview Thinking about purchasing a Ledger Nano Hardware Wallet? Browse their official website: https://www.ledgerwallet.com/r/67ef Donation Addresses: Bitcoin (BTC): 16gwMprXw5ss8Nk23CU8Jc6XtVf7KYF621 Ethereum (ETH): 0xac5223209791820b4c37f6f6b4b5d249d25d55ac Dash: XuvS5TzRSRGbNZM2va9KXYxF6QBqQ4tVQp LINKS FOR ADDITIONAL READING FOR THIS VIDEO & ALL INFO IN TEXT DOWN BELOW This is a hardware wallet that you can use to store Bitcoin, litecoin, dogecoin, namecoin, dash and ethereum. Inside the box you will receive the hardware wallet along with the USB cord and the very important card which you will use to write down your 12-word recovery sentence. KeepKey works with PC, Mac, Linnux and Android systems. Download the KeepKey app for google chrome. Plug the wallet into your computer using the USB cord provided and open the KeepKey Client App. You will initialize the device and input your PIN code. The boxes on the computer screen correspond to the numbers being displayed on your KeepKey wallet. This is an additional layer of security that keeps your PIN from any security threats. You will be asked to repeat your PIN code again to confirm. Notice that the numbers displayed on your KeepKey have been shuffled again. Next your KeepKey will display a list of 12 words. Write these words down onto the “Recovery Sentence” sheet provided. Be sure to spell these words correctly and write them in the correct order that is displayed on your KeepKey wallet. This is what you will need if your KeepKey wallet is ever damaged, lost or stolen. So keep this sheet in a safe place. After you’ve written your Recovery Sentence down, push the button on your KeepKey to confirm that the information has been written down. Shortly after you will see your accounts on display on the KeepKey Client App on your computer. Create a new account and name it, then you can send the appropriate crypto coin to the matching wallet by selecting the “receive Bitcoin/dash/ethereum…” Copy the address provided and use that to withdraw coins from an exchange or other wallets. The best thing about KeepKey is the fact that they’ve partnered with ShapeShift. This enables you to exchange coins for one another on your very own hardware wallet. No need for online exchanges! Check out the video around the 4:20 mark to see how this is done. As you can see the entire setup process for this hardware wallet took less than 2 minutes and was very straightforward and easy to do. The added security of the PIN code and the ability to trade your coins on your hardware wallet without the need for an exchange really makes this a great option if you’re looking to invest in a hardware wallet. Additional Links to More Information: KeepKey website: https://www.keepkey.com/ KeepKey Get Started: https://www.keepkey.com/support/get-started/ KeepKey Usage: https://www.keepkey.com/keepkey/faq/usage/
Views: 26301 Crypto Tips
What You Need to Know About the Cypherpunks
 
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Thinking about purchasing a Ledger Nano Hardware Wallet? Browse their official website: https://www.ledgerwallet.com/r/67ef Want to join coinbase to begin your crypto journey? Here’s a link to get free $10: https://www.coinbase.com/join/558828dc34383271a500003b Step up your game and Check Out Binance too: https://www.binance.com/?ref=10080191 Join the Robinhood app and invite your friends to Robinhood and win free stock. Here's my invite: http://share.robinhood.com/heidic1 Find me on Steemit: www.steemit.com/@heiditravels Twitter: @blockchainchick Instagram: @hheidiann If you’re looking for an app that tracks the price of BTC & ETH and many other coins, check out the CoinView App: https://play.google.com/store/apps/details?id=br.com.freeflowt.coinview LINKS FOR ADDITIONAL READING FOR THIS VIDEO & ALL INFO IN TEXT DOWN BELOW Cypherpunk Manifesto: https://www.activism.net/cypherpunk/manifesto.html ’93 Wired Magazine Article on the Crypto Rebels: https://www.wired.com/1993/02/crypto-rebels/ Untold Story of Bitcoin: https://medium.com/swlh/the-untold-history-of-bitcoin-enter-the-cypherpunks-f764dee962a1 I think it’s time we take a look at the Godfathers of privacy through the use of cryptography. They call themselves the Cypherpunks. This cypherpunk movement took root in the 1980s and is centered around the idea of establishing cryptographically secured methods of ensuring privacy. If you want to learn more about this movement, reading the Cypherpunk Manifesto is a fine place to start. (https://www.activism.net/cypherpunk/manifesto.html) It was written in 1993 by Eric Hughes and has some powerful statements. It was written about 25 years ago but it is becoming increasingly more relevant as time moves on and our privacy is increasingly being eroded. Here are some key parts of the Cypherpunks manifesto that I’d like to you all to hear: “Privacy is not secrecy.” “Privacy is the power to selectively reveal oneself to the world.” This piece goes on to speak of how individuals should have the right to selectively reveal their identities in this day in age when electronic transactions and communications are now the norm. It also mentions how they are achieving privacy through uses of anonymous email that uses digital signatures and also interestingly enough, mentions electronic money. Keep in mind that this was written a good 16 years before the Genesis block of Bitcoin. Towards the end of this written piece we are introduced to their motives for writing code that will accomplish this as well as their desire to keep this code open for others to study and learn from. Over and over Eric speaks about being aware of the importance of maintaining your own privacy and shows that decentralizing their information and making it open for others to view and learn from will only help to spread and ultimately secure the future for cryptographically secured methods of communications and transactions. In my opinion, these are the people that deserve to be remembered, and we all need to take the time to understand how we can help perpetuate and solidify this movement for the future.
Views: 3424 Crypto Tips
Most Pose as Decentralized Exchanges, Here's a Real One: Blocknet DX
 
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Thinking about purchasing a Ledger Nano Hardware Wallet? Browse their official website: https://www.ledgerwallet.com/r/67ef Want to join coinbase to begin your crypto journey? Here’s a link to get free $10: https://www.coinbase.com/join/558828dc34383271a500003b Step up your game and Check Out Binance too: https://www.binance.com/?ref=10080191 Join the Robinhood app and invite your friends to Robinhood and win free stock. Here's my invite: http://share.robinhood.com/heidic1 Find me on Steemit: www.steemit.com/@heiditravels Twitter: @blockchainchick Instagram: @hheidiann If you’re looking for an app that tracks the price of BTC & ETH and many other coins, check out the CoinView App: https://play.google.com/store/apps/details?id=br.com.freeflowt.coinview LINKS FOR ADDITIONAL READING FOR THIS VIDEO & ALL INFO IN TEXT DOWN BELOW EtherDelta Hack: http://bitcoinist.com/etherdelta-cryptocurrency-exchange-hacked/ How to Check Balances on EtherDelta: https://deltabalances.github.io/ How to Withdraw w/o logging onto EtherDelta: https://youtu.be/slru097RrfM List of DEX's: https://distribuyed.github.io/index/ Blocknet Website: https://blocknet.co/ Blocknet Protocol Dashboard: https://blocknetprotocol.com/dashboard Blocknet Wallet Releases GitHub: https://github.com/BlocknetDX/BlockDX/releases/tag/v3.9.10 Blocknet Tutorials and Guides: https://blocknetsupport.cayzu.com/KnowledgeBase/Folder/4471 Blocknet FAQ: https://github.com/BlocknetDX/blocknet-docs/blob/master/blocknetFAQ.md So here’s why centralization is a problem, especially for things like exchanges. Think about it, exchanges are where EVERYONE goes to access cryptocurrency. This is where the investors go to buy, where day traders go to trade, they are where hackers go to get your coins, and where governments go to regulate. Exchanges are the access point for everyone. It is for this reason that exchanges especially need to be as decentralized as possible. As I mentioned earlier, EtherDelta is, or was technically classified as a decentralized exchange because they did not act as a custodian for your coins. Even IDEX, the other decentralized exchange I featured two days ago isn’t technically completely decentralized. IDEX has a public CEO. Meaning one man is at the head of this exchange, and one man who can be pursued and pressured by governments, or hackers. Again, certainly not an ideal situation and I’m sure that many wouldn’t qualify this as being completely decentralized. Thanks to the awesome tip from a commenter on a previous video, I want to share with you all a website that displays different decentralized exchanges with the type of protocols they use along with pointing out which ones are fully decentralized. There aren’t that many that make the cut on this website, but one that does qualify as fully decentralized is Blocknet DX. Blocknet is a protocol that allows nodes of different blockchains to essentially communicate with each other. The Blocknet network itself is its own blockchain, comprised of service nodes and staking nodes. The service nodes provide the computer power that enables Blocknet’s capabilities and ultimately protects the order book. Staking nodes protect the network by using Proof of Stake. Both of these receive rewards with the service nodes receiving 70% of the block reward, and staking nodes receiving 30% of the block reward.All fees on this network are paid in Blocknet’s coin, BLOCK. This also explains why they have their own wallet available.One of the first dApps created with this protocol is the Blocknet DX. With Blocknet DX, you don’t have to worry about sending your coins from your wallet and onto an exchange, like you would have to do with IDEX. The trades done with this DEX is truly peer-to-peer, wallet to wallet. Also, unlike EtherDelta or IDEX, Blocknet DX opens the door for different blockchains to interact, meaning you can use it to trade Bitcoin for Litecoin, or PIVX, or Dash, and a number of other options. If you’re interested in adding a coin to Block DX it’s free to do so and according to their website, it generally requires no coding. They’ve just released a new version of their wallet and you can also now find new documents that help you understand better how this all works. When you download their wallet onto your desktop keep in mind that you will also be downloading the Blocknet blockchain, so you’ll need 1GB of storage available initially and this storage requirement will grow over time. Once you have the wallet installed, and the blockchain has synched, you’ll notice you can access the Blocknet DX right from within your wallet. You can also pretty easily set up a staking node within your wallet, you’ll need 5000 BLOCK coins to qualify for this.
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