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Crypto 101

Top 5 Best Zcoin Wallets

May 26, 2019 by TheCryptoToday Leave a Comment

The Zcoin is one of the popular decentralized digital currencies available in the market today. Its aim is to provide privacy and anonymity to every digital currency transaction made by the investors in the digital space. If you are one of the those who are in the Zcoin network, they cannot trace the transaction history of your coins, unlike other digital assets that anonymity is not possible.

One of the main aims of this asset is to address the privacy risk that is commonly happening to other currencies like the Bitcoin. Some are masking the user identities through their innovative technology. It was in 2013 when this Zcoin was developed by a professor at the Johns Hopkins University, Mr. Matthew Green.

Accordingly, the Zcoin is one of the proposed cryptographic protocols of his students that aims to work as a Bitcoin extension anonymously. Since then, it was in 2016 when the Zcoin was launched and implemented as a fully-functional digital currency in the crypto space.

If you are among those Zcoin token holders, you need to be equipped with a level of understanding about this asset. Further, it is also important for you to learn about the different wallets where you can choose to store your tokens safely and securely. To enjoy the benefits of the Zcoin token, make sure not to miss getting your personal wallet for safe storage.

Top Zcoin Wallets in 2019

As investors, you are already aware that various digital currencies are made available in the market today. It is impossible for anyone in this world to turn their back with the beauty a certain digital asset can give. To give you more insights about this, check the list below of the best Zcoin wallets where you can choose to partner as you store your digital assets for a long time.

#1 Ledger Nano S – This is one of the top choices of investors when it comes to choosing a safe digital wallet for cryptocurrencies. It has been favored as the best hardware wallet for almost all digital asset investors. The Ledger Nano S is known for its security in safekeeping your assets. This certainly looks similar to an ordinary USB device that can be connected directly to your computer. It is very easy to set up and easy to use at the same time. You just need to generate a PIN which will be used in all transactions that you will be making. Further, when the device is stolen or lost, you need not worry about it since there are also steps to follow for you to recover it the easy way.

#2 Trezor – This is another quite popular hardware wallet that is also best in storing the Zcoin. This is considered as a strong competitor of the Ledger Nano S since it also has the best features that investors will surely love. The Trezor allows you to store, receive, and send different cryptocurrencies and that already includes the Zcoin. Just like the Ledger Nano S, this wallet is still very easy to set up and has a user-friendly UI interface. This can be the best use for beginners and even for the expert investors.

#3 Coinomi – It is one of the well-known mobile wallets that store multiple cryptocurrencies including the Zcoin. This wallet is both available for the Android and the iOS users and is being considered as the best mobile wallet for the Zcoin. Just like other wallets, the Coinomi’s security is protected by a PIN and a certain paraphrase that is used to enhance the wallet’s security features in case of hackers and theft.

#4 Edge Wallet – This is another mobile wallet that is best for Zcoin storage. It also supports multiple digital currencies including the Bitcoin and the Ethereum. This mobile wallet is also available to both Android and iOS version users and is being considered as the best mobile wallet for Android. It is very easy to use and has the most user-friendly UI interface that is best for the beginners and experts at the same time.

#5 Electrum Wallet – The Electrum light wallet is considered as the best Zcoin storage for 2019. It is where you can store, send, and receive your digital assets with the help of a PIN. Apart from that, in case of loss or theft, it can be easily recovered through a particular paraphrase. This wallet is recommended for both beginners and experts in the digital industry. It is one of the safest wallets that helps you store Zcoin securely.

The Best Zcoin Exchanges

When you are looking for the best exchanges for Zcoin where you can trade, buy, and sell your token, consider the list below.

#1 Bittrex Exchange – This exchange is one of the most preferred in the US which started in 2014.

#2 Binance Exchange – Another exchange that grabs the attention of the investors as it allows Zcoins to be traded to the Binance.

#3 Cryptopia Exchange – This exchange offers you to buy Zcoin very easily and the price charged for the exchange is very reasonable.

How Does Zcoin Work?

The Zcoin works on a zero-coin protocol. In order for it to work, when you want to send a private transaction, all you need to do is to simply select the number of coins you wish to mint. The normal Zcoin balance will then be automatically reduced and you will be credited for the said transaction without any trace of the transaction history. Old coins are said to be burned cryptographically in order to prevent others from using it again on the next transaction.

Summary

These are the important knowledge you need to learn about the Zcoin, the Zcoin wallets, and the Zcoin exchanges. As to what wallet you may have to choose, always select the wallet that will adhere to your need and basically will give you the easiest means of use. With these wallets, you are assured that your Zcoin tokens will be kept safely and securely without having a single trace of any transactions made.

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Filed Under: Crypto 101

10 Most Profitable Cryptocurrencies to Mine

May 25, 2019 by TheCryptoToday Leave a Comment

Through the years, cryptocurrency mining activity has increased along with the growth of crypto usage. Mining is a decentralized way to issue cryptocurrency involving the verification of coins and adding them to the blockchain digital ledger.  Many are into mining since this gives them a source of income. But what are the most profitable cryptocurrencies to mine?

In truth, this may vary since hash rates rise and fall. Hence, crypto miners need to regularly monitor the trend so it is easy to determine which one will be profitable. But before you start mining, there are things that you need which include:

  • A safe and secure coin wallet to store your earnings
  • A free mining software package
  • A mining hardware set-up which includes a custom-built computer or desktop designed for mining and NVIDIA graphics processing unit (GPU) or a mining ASIC chip
  • Join online mining pools where miners combine their computers to increase profitability
  • An online currency exchange account to convert mined coins to money

Although mining can be profitable, there are certain risks that you need to take note so you are aware of what to expect in the world of cryptocurrency mining. Miners should know the following risks:

  • Loss of digital wallets (both hardware wallet or online)
  • A decrease in the price of the coins you are mining
  • Dishonest and unfair organizers in mining pools
  • Expensive mining costs
  • Malicious intruders

Now that you are already aware of what you need in order to start mining and you know the possible risks, you are ready to mine the most profitable cryptocurrency. Here’s a list of the top 10 digital currencies that could bring you higher earnings:

#1 Bitcoin (BTC)

Bitcoin is the first decentralized cryptocurrency which is known all over the world. As a matter of fact, the first thing that will come into one’s mind when cryptocurrency is mentioned is Bitcoin. Although it has been around for about ten years, it is still considered as one of the most profitable cryptocurrency to mine.

Mining this coin involves peer-to-peer computer in order to secure transactions. The Bitcoin price increased in 2012 and 2016 when is yearly inflation was reduced by 50 percent. This is called “halving” which is expected to happen again in May 2020. Today, you need to invest in equipment, cooling, and storage in order to be profitable since a PC and a Graphical Processing Unit isn’t enough.

#2 Litecoin (LTC)

Litecoin, which is an open-source software project, has maintained its spot in the top five cryptocurrencies. But there’s also the anticipation in the mining community when its halving event occurs. Released under the MIT/X11 license, it provides a superior storage capacity. Its fast confirmation makes it the best cryptocurrency to mine in 2019. In December 2018, Litecoin’s bid is at US$ 20 beating BTC with its 41 percent rise.

#3 Ravencoin (RVN)

Ravencoin, which is built on a fork of the Bitcoin code, is a new cryptocurrency launched on January 3, 2018. This American-made blockchain can handle the creation of assets from one party to another. It also focuses on asset transfers based on Bitcoin and Ethereum.

#4 Monero (XMR)

Known as the most advanced privacy coin, Monero is based on a proof-of-work algorithm called CyptoNight. This coin is designed with certain specifications making it ASIC-resistant. It’s the privacy and anonymity of Monero that makes it a favorite coin for early blockchain adopters. When we talk about profitability, Monero has a line of uncertainty. Hence, you need to keep an eye on it to determine if it is profitable at a certain time.

#5 AEON (AEON)

AEON is built as a lightweight substitute to Monero. This mobile-friendly coin is also a privacy coin with improved functionality. Compared to other cryptocurrencies, AEON is more device-friendly. It is also the most CPU-friendly allowing faster verification with 4 minutes block time. Although it is tolerant of ASICs, it is trying to get rid of it. Mining can be done with a CPU, ASIC, GPU, and cloud mining services. AEON uses the CryptoNote protocol of Monero featuring one-time keys, blockchain analysis resistance, and ring signatures.

#6 Electroneum (ETN)

Electroneum, a mobile-friendly altcoin, is an excellent option for newcomers. It encourages mass adoption of digital currency making it available as downloadable software. One of its goals is to make the buying process easier. It started in 2017 with the idea of availability and accessibility. With that, Electroneum and the software used for mining is relatively easy to use and it is possible to mine it on several devices.

#7 Feathercoin (FTC)

The goal of creating Feathercoin is to expand and build existing blockchain technology. It is an optimized version of Bitcoin with a faster transaction time than Bitcoin which is only for 60 seconds. Feathercoin is also considered as a customized and upgraded version of Bitcoin. Although it is a fork of Litecoin, it runs on the Neo scrypt hashing algorithm. GPU’s can extract FTC supporting both mobile and desktop wallet, as well as block explorers. Because it is fast and has low fees, it is a good choice for in-store payments.

#8 Horizen (ZEN)

Horizen or ZenCash is privacy coin similar to Monero which uses equihash mining algorithm. This decentralized blockchain platform can carry out communications, publishing, and transactions that are public, private, and anonymous. It was forked from ZClassic, which is a fork of Zcash. Horizen also has the privacy feature of ZCash called zk-SNARKS. New miners can mine Horizen using CPU and GPU since it does not need any other devices.

#9 Grin (GRIN)

Grin is a new cryptocurrency that focuses on scalability, privacy, and fungibility. This new privacy coin has an unlimited supply. It also implements MimbleWimble blockchain and trades actively on the crypto exchange, Hotbit

#10 Vertcoin (VTC)

ASIC resistant Vertcoin Vertcoin uses a Lyra2RE proof-of-work algorithm in its transactions. This open source platform with 2.5-minute block time is a Scrypt-N coin with very low hash rates. Mining is easy for both GPU and CPU users since it works with GUI miner.

Blockchains are in a state of transition which may have an impact on the current digital currency that you are mining. This rapid flux may also have an impact on the future of mining. Trading and buying cryptocurrency can be more profitable but you will also gain more rewards through mining. The key is to know the coins well and learn the techniques of mining. Although we have mentioned ten most profitable cryptocurrencies to mine, there are still other coins that you could be profitable and affordable for you.

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Exodus Wallet Review

May 23, 2019 by TheCryptoToday Leave a Comment

What is an Exodus Wallet?

An Exodus is a known multi-currency wallet and is built in with an easy-to-use user interface. This wallet was launched back in 2016 and it is definitely one of the well-designed wallets that has ever existed in the digital community today. It is aesthetically appealing and is known to have the best features that digital asset investors will surely benefit from.

If you are looking for a wallet that is secured and is very easy to use, then you should consider getting an Exodus wallet. It is definitely a good choice as it is capable of storing a variety of popular digital coins in the market today. It has been learned that the Exodus wallet supports nearly 100 different cryptocurrencies and more and more are being added over time.

The Exodus wallet is available for computers who are working under Windows, Linux, and the OSX operating systems. While it is true that this wallet is yet not available for the mobile users, it is believed that this will soon change and a newer mobile version of the Exodus wallet will be made available soon this year. Furthermore, it has been added that more and more available versions of the Exodus wallet for the iOS and Android users will be added into their website this 2019.

Compatibilities, Cost, and Currencies that work Best with Exodus

The Exodus is the first desktop wallet that is known to have a ShapeShift functionality feature. It also has a popular messaging platform feature that works into different desktops that are powered by compatible operating systems as well.

Being an Exodus wallet holder, you need to be aware that this wallet charges for a transaction fee. Therefore, each and every time you make payments, you have to expect a charge that is incurred with it. It has been said that these fees are used to pay to each of the blockchain networks including Bitcoin, Litecoin, and others, and are not kept by the Exodus alone.

This wallet is known to prioritize the speed and reliability of transactions more than having lower fees. One of the best things about Exodus is that fees can be set manually. It is through such charges that Exodus makes money by taking small portions of fees from the widespread of different asset exchanges.

In order for you to add your currency to your wallet, you need to first purchase it. Once done, you can simply transfer it to your Exodus wallet for safe-keeping. Meanwhile, this wallet is known to store multiple currencies including Bitcoin, Dash, Decred, Vertcoin, Digibyte, Ethereum, Litecoin, Zcash, 0x, Aragon, Augur, Basic Attention Token, Bancor, Civic, DistrictOx, EOS, Edgeless, FirstBlood, FunFair, Gnosis, Golem, Matchpool, Metal, SALT, Storj, Status, WeTrust, Wings, and a lot more!

How to Make Transactions with an Exodus Wallet?

Whenever you need to make transactions like receiving or making payments, it can simply be directly made through your Exodus wallet. Each network charges you with a transaction fee that will be paid directly to the network itself. In order for you to send funds, you only need to click the “Wallet” button on the left portion of the sidebar and just simply select that certain asset you wish to send. After that, you can enter the address of your recipient and just click “Send.”

Meanwhile, if you wish to receive digital assets through Exodus, you just click the “Wallet” button and simply select the digital asset you wish to receive. If you want a Bitcoin or Litecoin, its specific address will just automatically appear within the wallet. You can copy this address and give it to the person in order for you to receive the funds from them.

Apparently, making and receiving payments with this wallet is definitely easy. Its simple user interface has become one of the reasons why more and more investors have preferred using this wallet in keeping and storing their digital assets.

How Safe is the Exodus Wallet Security?

One of the best things about using Exodus wallet is it allows users to have full control of their assets all the time. Being known as a desktop wallet, the Exodus tends to encrypt all your digital assets and will store them directly to your computer. Hence, you have nothing to worry about its safety from hackers and theft.

Apart from that, this wallet has an efficient backup system and is very helpful in times when a particular computer crash accidentally. Further, the Exodus team is learned to have sent emails to its users that give you a secure link that will instantly activate your wallet. This link is usually protected by a 12-word password that is known as the Exodus key.

Despite some of the critics pointing out at the lack of two-factor authentication support for Exodus, this wallet is believed to be fully safe and secure. It has been said that using a desktop wallet is more secure compared to using the other ones.

As a user, you only need to make sure that you have an anti-virus installed on your computer. This will make your digital assets safe especially if you accidentally click on some untrusted links and have downloaded untrusted files online.

The Exodus wallet in itself is accessed only through with a secure password. That is sufficiently enough for the users to tell how safe the wallet is. If you have a large amount of cryptocurrency, it is always best for you to store it to the most reliable wallet you can use in this digital community.

Summary

To sum it all up, the Exodus wallet is secure and has certainly overtaken other wallets online. This is one of the desktop wallets wherein a user can have full control over their private keys and which is generated and store locally on your computer.

If you wish to get your own Exodus wallet, you can directly access the company’s main website and you will be simply given a link to download the wallet directly to your computer.

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Filed Under: Crypto 101, Reviews Tagged With: Exodus Wallet

Top 4 Best Elastos Wallets

May 23, 2019 by TheCryptoToday Leave a Comment

Elastos is a kind of Chinese blockchain project that was launched by Rong Chen and Sunny Feng Han. Despite having built their company in China, its business was officially registered in Singapore. With its launching, it has been the main goal of their company to create a new and innovative blockchain-powered kind of internet. Just like any other blockchain foundation, it has been their target to provide services about digital assets distribution.

With this blockchain-controlled internet, anyone has the entire control over the private keys and as well as with their assets as a whole. The Elastos simply runs on a smart web and this simply protects certain users from any fraudulent activities that may be caused by thefts and digital hackers. Accordingly, the Elastos blockchain has purposely separated the application flexibility among the sidechain and the main chain of each application. Each application takes care of the basic transactions while the other is involved in the smart contracts.

As of this writing, the Elastos blockchain is among the growing number of projects that are coming out of China. Most of them have called the ELA blockchain as the “third pillar” of China’s blockchain dominance. While most of the analysts have predicted the emergence of this blockchain in the market, most of the digital investors have also started to shift their attention with it.

Best Elastos Wallets in 2019

In order to give you the best comparison of the different Elastos wallets, consider the list below and learn more about the right wallet to choose in storing your Elastos coins.

#1 Elastos Wallet Android – This is basically the official wallet for the Elastos tokens. This wallet simply enables the user to store, receive, and send Elastos tokens smoothly. It also allows users to transfer their tokens to a different exchange. This wallet is very convenient for the Android users as it was perfectly designed to give ease of use to users, be it beginners down to the experts. It was undoubtedly considered as one of the best Elastos wallets ever existed in the digital market today. As of this writing, the Elastos wallet android downloads are pretty good in numbers which simply shows that more and more investors are using the wallet already.

#2 Elastos Wallet iOS – While there is an official wallet for Android, another Elastos wallet was designed for iOS users, too. This wallet enables users to store, send, receive, and transfer their Elastos tokens. One of its features is the use of private keys that allows users to have full control over the security of their wallet. Apparently, this is also considered as one of the best Elastos wallets for iOS users since it gives them the kind of convenience beyond compare.

#3 Elastos Elephant Wallet Android – This wallet is also better known as the Elastos Eco Wallet. It has a feature that integrates users and the services among the different ecosystem partners. On the other hand, this wallet enables traditional users to have their smooth means of transaction. It reportedly supports a multiple coin variant from the different ecosystem partners. Meanwhile, the private keys of this wallets are only saved locally.

#4 Elastos Elephant Wallet iOS – This is another good option for the iOS users who wish to make transactions with their Elastos tokens. Its interface is very user-friendly and will surely give convenience to users, be it beginners to experts. Meanwhile, its private keys are also stored locally and, in every transaction, a user is required to provide a signature to protect his or her assets at all times.

How to Choose the Best Elastos Wallet?

Elastos has been in the development for a long year and it has literally competed to any other blockchain including Bitcoin and others. According to some analyst, Elastos may complete to Google one day in terms of its internet influence. And because of that, most of the digital investors are keeping an eye into this Chinese blockchain.

Meanwhile, being an Elastos token holder may also require you to have the best wallet to store your coins with. Numbers of wallets are evolving in the market today and it is important for you not to miss selecting the right one for your need.

One of the basic factors in choosing a digital wallet is security. As an investor, you should not put security as a compromise. This means that getting a wallet with a private key and or a two-way factor authentication is needed to keep your assets safe and secure.

Second, it is best to choose a wallet that will provide you with ease of use. Most of the time, risk takers in the digital industry are mostly beginners. With that, choosing a wallet with the simplest user interface is highly-advised. It is important that you’ll be able to do your transactions like sending, receiving, and transferring of tokens in the easiest manner possible.

While it is true that security and UI interface are important factors in selecting a wallet, you also need to check on the wallet’s compatibility. It is good to know that Elastos wallets are now available for both Android and iOS users. This goes to show that whatever your device is, you can finally get the chance to pick the wallet that works for your gadget best.

Make sure to have your wallet set up successfully before you store your Elastos tokens. Meanwhile, there are also some wallets which offer you a walk-through guide as a start. Some wallets will require users to write down their 12-word recovery phrase as part of its set up process. Meanwhile, it is believed that this phrase must be kept safe since it will be used as a password whenever planning to restore your wallet.

Summary

In selecting your Elastos wallet, make sure to keep an eye of your wallet security. As you start storing your Elastos tokens, it will be then easier for you to send, receive, and transfer this asset to other exchanges. May the list above give you insights on what wallet to choose for your digital coins.

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Filed Under: Crypto 101

Top 5 Best Komodo Wallets

May 21, 2019 by TheCryptoToday 1 Comment

When Bitcoin, the first decentralized cryptocurrency, was introduced in 2009 by a certain person named Satoshi Nakamoto, it took more time for people to understand its purpose and benefits. Many questioned its legitimacy, security, efficiency, transparency, and so on but soon started embracing it upon understanding how cryptocurrency works. And to this day, there are millions of active Bitcoin users worldwide.

Since then, the cryptocurrency market keeps on bringing something new to its users. Each day, many cryptocurrency developers are also introducing a new type of crypto. Some of these are almost a copy of the Bitcoin while the others give solutions to the problems encountered by the first type of decentralized crypto. Others also have created something different and new that would be more beneficial to the customers.

What is Komodo?

This blockchain was founded in 2016 and belonged to the second generation of the cryptocurrency evolution. Komodo stands with the KMD symbol. This platform believes in the users’ freedom, thus providing them with complete anonymity as almost all its developers are anonymous too.

Other platforms require registration but for Komodo, registering is not needed, thus giving the investors the ability to make their own decisions. With that, they get both the benefits and results of such decisions.

What is the 5% Komodo Active Reward?

Komodo is relatively a young blockchain compared to other rivals in the digital market, but it is one of the contenders that are hitting a good reputation in the industry. Part of its growth is giving its active members an annual reward of 5%.

Komodo users can get their reward annually if they have an unspent transaction output (UTXO) of more than 10 KMD in their wallet. For this reward, users should follow the terms and conditions set by Komodo as not all wallets are allowed for this reward. There is also a lock time set.

Best Komodo Wallet

Since the digital market keeps on expanding each day and more new cryptocurrencies continue to emerge, clients, especially the newbies, are becoming more confused on which blockchains and wallets to use to keep their coins safe. Here at thecryptotoday, we’ve collected the best Komodo wallet that we think will help and guide you when choosing.

#1 Agama Wallet (both Desktop and Mobile wallet)

Agama wallet is the official wallet that was developed by Komodo developers. Originally, it was only available in desktop, (Windows, Mac, and Linux) but later of 2018, Komodo made a proclamation, that it is available in mobile – both Android and iOS operating system. It is a multi-coin wallet that has a high level of anonymity, and it also provides the users their full control in their private key, wherein they take sole authority over their cryptocurrency. Aside from KMD, users, too, can send and accept numerous cryptocurrencies like Bitcoin, QTUM, Litecoin, Digibyte, and a lot more.

Users who have more than 10 Kimodo (KMD) in their accounts; they can get a reward of 5%, and Agama makes the process of claiming easier. Using this wallet is not for beginners because it’s a bit technical.

Though Agama is new, the developers are still committed to performing more improvement to this wallet. Agama is targeting to become a powerful contender rendering a lot of all-in-one choices.

#2 Ledger Nano-S (Hardware Wallet)

The third party ledger is a company that makes hardware wallets that users use to store their coins. It is considered as the safest process to keep your Komodo or any coins that it supports, and users can control many accounts for every supported crypto.

Ledger Nano-S is compatible with Windows, Linux, Mac, and Chrome operating system. This wallet can also be connected to your Android mobile device with the use of an OTG cable.

The security feature of this hardware wallet is one of the qualities that make it a reliable wallet. There is a secured section of this wallet where your private keys are kept, and every time you receive funds, you get a new receiving address which makes your security even tighter, therefore hard to be hacked.

Please be advised that this wallet does not directly allow its customers who want to accrue and collect their Komodo 5% reward. Users can also lose their 5% active user reward if they use the ledger to send funds.

#3 Komodo Paper Wallet

Paper wallets are one of the most secured wallets to use in storing your coins. It is advised though, that this wallet be used by experts or else you will put your coins at risk as this wallet needs a strict procedure. Once somebody accessed your wallet, you cannot track who has taken your assets. Paper wallets also cannot be retrieved once they are lost. For maximum protection, use an encrypted offline Komodo paper wallet.

#4 Trezor

Trezor is another hardware wallet that is known to many crypto users. It is popular because of its features. This wallet is considered user-friendly, therefore it is highly recommended for beginners. It is a highly secured wallet because it is supported by a private key that is protected by a passphrase to help you retrieve it once stolen or lost. Trezor also, directly and indirectly, supports a lot of cryptocurrency coins or tokens.

#5 Komodo Ocean-QT Desktop Wallet

Ocean-QT is a native coin wallet for Komodo wherein users can keep, send, and receive their KMD tokens. This is the world’s first QT wallet for ZCash and is available in both Linux and Windows operating system. It also has a faster speed compared to Java and NodeJS wallets.

The Bottom Line

Wallets are created for the convenience of crypto users, and developments keep coming each day. You, as a user, play an important part in keeping your coins and tokens safe. You also need to know what your level is because there are wallets that are not suitable for beginners. You are advised to research or check more about the wallet and if it supports your coins before doing any action. Always check the wallet’s website and your platform for any clarifications.

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Filed Under: Crypto 101

Best Wanchain Wallets

May 20, 2019 by TheCryptoToday Leave a Comment

What is Wanchain and the Wanchain Wallet?

Wanchain is a known independent blockchain that basically links and connects the accounts of other independent chains in order to form a certain network. It is through this link that certain digital assets are exchanged. With the broad numbers of digital coins available in the digital space nowadays, it is good to know that the Wanchain is still performing at its best.

On the other hand, the Wanchain is also known as the distributed financial infrastructure that allows users to make transactions with its digital assets across other blockchains through the so-called cross-chain transfer. Apart from the cryptocurrency transfers, this platform still offers other features and applications to their users. It has been learned that when an asset owner uses the applications such as privacy protocols, smart contracts, and the WAN token, they can certainly create numerous cases with it.

Further, the cross-chain transfer will also enable the transfer of data between the Wanchain and to the other networks. It is known to compose several modules including the registration module, the cross-chain transaction data transmission module, and the transaction status query module.

With the many different digital coins in the market today, wallets are also created that is intended to store different digital assets. Since WAN coin is becoming one of the popular assets in the digital space today, you also need to have your own Wanchain wallet to store your coins. Apparently, these wallets are officially free and easy to set up. Any users can use it as long as it supports their device.

The Best Wanchain Wallets for 2019

Below is the list of the updated and best Wanchain wallets that you can use this year. These wallets have a distinct feature and application. You simply need to pick the wallet that adheres to your kind of need.

#1 Wanchain Wallet – This is basically the official wallet for the WAN coin. This wallet enables users to send, receive, and store WAN token safely and securely. Just recently, a newer version of this wallet has just been launched and it finally offers the cross-chain transfers between WAN coin and the Ethereum. This wallet supports devices that are powered by operating systems including Windows, Linux, and the Mac OS. One of the main parts of the newest version of the Wanchain wallet is that it works for both the networks of WAN and the ETH. Undoubtedly, this is considered as one of the best wallets you could ever have.

#2 Ledger Nano Wallet – Being considered as the most popular digital coin hardware wallet, you can never go wrong with the Ledger Nano S. This wallet certainly provides access to the widely use digital assets in the digital market including Bitcoin, Ripple, Ethereum, Dogecoin, and of course the WAN coin. The Ledger Nano is known as the safest hardware wallet so far since it has a 4-digit PIN code that protects your asset all the time. Apart from that, in any case, that you lose your wallet, you can always recover your asset through a 24-word unique phrase.

#3 Trezor – This is another trusted hardware wallet that was launched in 2014. This device can simply be connected to your computer through a USB cable and this provides you with heightened security against hackers and thefts. Apart from that, the Trezor can be backed by a 24-word paraphrase that is generated through the device. This 24-word password is another form of security that ensures the safety of your digital assets stored. Meanwhile, this wallet can be set up in different ways through a Chrome extension, a command line, and through the mytrezor.com website.

#4 Trust Wallet – This is another best wallet for your Wanchain asset. Accordingly, the Trust wallet is also reliable storage for your WAN tokens. This is available for both Android and iOS devices that enables a user to send, receive, and store their digital assets. This is an open source wallet that is considered having an easy platform with the aim to provide straightforward controls during every transaction.

How to Setup and Select the Best Wanchain Wallet?

Getting the right Wanchain wallet is crucial to ensure that your digital assets are safely stored at all times. Basically, when planning to set up a wallet, the first thing that you need to do is to download it or buy it if it is a hardware wallet.

When you feel the need to get the Wanchain wallet, being the official wallet for WAN tokens, after downloading, you simply just install the wallet into your device. In order to enable the wallet, make sure to navigate the system preferences and look for the “Security and Privacy” option. After proceeding to these steps, the Wanchain wallet will then launch and will start syncing the Wanchain code.

On the other hand, if you feel getting an offline and hardware wallet, you simply need to purchase one in stores to where it is sold. Just like when using the Ledger Nano S, all you need to do is to follow the steps on how to set up the device in order for you to start making your transactions.

Selecting the best Wanchain wallet will actually depend on certain factors like ease of use, compatibility, privacy feature, and a lot more. But, basically, it will always boil down to your need as the digital asset holder. It is important to choose a wallet that adheres to your need and will give you the ease of use anytime you make transactions.

Wanchain wallets may come in different forms, but it will always serve you with the same purpose and that is to safely store your WAN coins. When you finally decide on which wallet to choose, your Wanchain wallet is always a good to go on your every transaction.

Conclusion

Choosing the best Wanchain wallet is vital for you as a digital asset investor. Your wallet helps you manage your asset and other cryptocurrencies in this digital community. Therefore, make sure not to miss choosing the wallet that will serve you best.

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What Are Atomic Swaps? A comprehensive Review

May 19, 2019 by Sherwood Pham Leave a Comment

Atomic Swaps have the capacity to utterly revolutionize the money transfer system in the cryptocurrency space. Simply put, atomic swaps will capacitate people and businesses to directly trade with one another, wallet to wallet.

As from 2012, the idea of a trustless, p2p cryptocurrency has been a significantly hot topic. In July 2012, a developer going by the name of Sergio Demian Lerner came up the first draft of a trustless exchange protocol. The idea was rather appealing, nonetheless, it wasn’t really fleshed out.

The breakthrough in atomic swap research occurred around May 2013, when Tier Nolan provided the first full account of a procedure for atomic swaps. Tier Nolan is widely renowned as the inventor of atomic swaps.

As far as this guide goes, we’re going to look into how atomic swaps work and the benefits that they could afford for the ecosystem.

Issues with Centralized Exchanges

Suppose Bruno has Bitcoin and is looking to trade them for Litecoin. Also, we have Tevin who has Litecoin yet wants some Bitcoin instead. Conventionally, what ought to have happened is that both of these crypto coin holders would have had to go a centralized exchange, sell their crypto coins and buy newer crypto coins. Be that as it may, there are quite a number of problems with these centralized exchanges, as discussed below:

  • Vulnerability to Hacks

Centralized exchanges are always exposed the risk of getting hacked. Possibly, the most infamous example of this is Coincheck which got hacked for $550 million worth of NEM. The worst part is that this hack intensely reduced crypto sentiment in Japan, a country that was traditionally known to be very crypto friendly.

  • Subject to Mismanagement

The infamous Mt. Gox hack where Bitcoins worth $500 million USD were robbed took place directly as a result of CEO Max Karpeles’s inept management. As Andreas Anatopoulos puts it:

“Magic The Gathering Online Exchange (Mt. Gox) is a systemic risk to Bitcoin, a death trap for traders and a business run by the clueless.” 

  • Volume Demands

Exchanges can barely deal with changes in demand, particularly in cases where there is a sudden upsurge in demand. Do you know why BCH’s value almost dropped by half on the 12th of November?

Turns out, there was a sudden rise in demand and most exchanges were unable to cope. Bithumb, in particular, suffered 90 minutes of downtime and lost 60,000 BTC in volume.

  • Subject to Regulation by the Government

Owing to the fact that centralized exchanges are registered in certain countries, they are subject to the whims of the government,

Because of the reasons stated above, centralized exchanges are not the ideal way to go forward for mainstream adoption.

What Are Atomic Swaps?

An Atomic swap is a p2p (peer-to-peer) exchange of cryptocurrencies from one party to another, without the involvement of a third party service such as a crypto exchange. Amid this entire process, the users have utter control and ownership of their private keys.

On September 20, 2017, Decred and Litecoin did the first known successful implementation of the atomic swap.

Another interesting thing worth noting as regards atomic swaps is that:

  • They can either be directly executed between separate blockchains with different native coins
  • Or, they can alternatively be executed through off-chain channels that serve as offshoots of the main blockchain.

Atomic swap is as well referred to as cross-chain trading.

How Atomic Swaps Work

Simply put, 2 parties who are going to engage in atomic swaps decide on a shared secret. The 2 parties will then share their crypto coins if and only if their secrets have a match. This way, in the even any other person barges into this exchange, they will not be in a position to get their hands on any of the crypto coins, owing to the fact that they will not be able to know this secret.

Ok, so thus far you know the concept, nonetheless, the question that still lingers is, how does it really work?

In a bid to realize the latter, an innovation referred to as Hashed Time Lock Contracts or HTLCs is implemented. If you are familiar with the lightning network then you ought to have a better understanding as regards the manner in which Hashed Timelock Contracts (HTLCs) work. As far as this review as entails Hashed Time Lock Contracts goes, we will basically give you a brief description of what Hashed Time Lock Contracts are.

What are Hashed Time-Locked Contracts?

Hashed Time-Locked Contracts (HTLCs) are a special form of payment channels. Payment channels are basically off-chain state channels that deal with payments.

A state channel refers to a 2-way channel of communication between participants and capacitates them to interact, which would conventionally take place on the blockchain, off the blockchain. Significantly, Hashed Timelock Contracts decrease the transaction period exponentially, owing to the fact that with it, users on the platform are no longer dependent on a 3rd party such as a miner to validate their transactions.

Highlighted below are the requirements to do an off-chain state channel:

  • A segment of the blockchain state is locked through multi-signature or some kind of smart contract, which is agreed upon by a set of participants.
  • The participants interact with each other by signing transactions among each other without submitting anything to the miners.
  • The whole transaction set is then added to the blockchain.

The state channels can be closed at a point as pre-established by the participants. Consequently, listed below are the reasons as to why closing state channels can take place:

  • Time lapsed, for instance, the participants can come to an agreement to open a state channel and close it after say 2 hours.
  • It could be on the basis of the total amount of transactions done, for example, close the chain after say $200 USD worth of transactions have taken place.

Hashed timelock contracts or “HTLCs” are one of the most befitting applications as regards payment channels.

So, what is a Hashed Time-Locked Contract?

Earlier iterations of payment channels used “timelocks”. An HTLC advances the latter by bringing about “Hashlocks” along with the timelocks.

The HTLC capacitates opening up of payment channels where funds can get transferred between parties ahead of a pre-agreed deadline. These payments get acknowledged through the submission of cryptographic proofs. In addition to this, another yet brilliant element of the HTLCs is that it enables a party to forfeit the payment given to them and give it back to the payer. The idea behind this elementally entails using a multi-sign transaction system that holds both traders accountable for a swap to go through flawlessly.

Figure1: Atomic Swaps – Underneath the Hood

Check out the image above which has been taken from Coin Central. Here’s what is going on here:

  • Annette has some BTC and Bobby has some LTC. They want to swap the coins with each other.
  • The 2 of them as such open up a payment channel. The instigator of this swap, for instance Annette, consequently creates a contract address.
  • Her contract address is much like a multi-lock safe that takes care of both of their funds.
  • By creating the address, Alice deposits her BTC and produces a value as well.
  • Whereas the value poses as the key, the hash generated from it will pretty much serve as a lock for the safe.
  • Upon so doing, Annette then sends the hash to Bobby.
  • Bobby generates a contract address using the hash that has been given to him by Annette.
  • Bobby sends his LTC to this contract address.
  • Only Annette is in the position to unlock the Litecoin (LTC) in this address given that only she has the value that generates that specific hash.
  • Annette can get her LTC by signing a transaction for Bobby’s contract address and Bob can retrieve the BTC by signing a transaction for Annette’s contract address.
  • Nevertheless, thus far, Bobby does not know the value that generates the hash. Therefore, the question is, how exactly is Bobby going to unlock the address?
  • For Annette, upon signing Bobby’s contract address with the value, she unlocks the address and as such discloses the value to Bobby as well.
  • Bobby, given that he now knows the value, signs off the transaction for Annette’s address and retrieves his Bitcoin (BTC).

So, to summarize the swap process;

Annette creates the value and generates its hash which is implemented to generate the contract address and deposits her BTC there. She then sends the hash to Bobby, who as such generates the contract address through the hash and sends his LTC to the contract. In a bid to to acquire the LTC, Annette will be required to unlock the address by using her value. Upon unlocking and getting hold of her coins, the value of the key is given to Bobby, who then uses the value to get his crypto coins.

On-Chain and Off-Chain Atomic Swaps

Atomic swaps, as we have mentioned previously, can either be carried out on-chain or off-chain.

  • On-Chain Atomic Swaps

What Decred and Litecoin realized was what is referred to as an on-chain atomic swap. On-Chain swaps occur on either cryptocurrency’s blockchain. In order to do this though, both currencies are required to:

  • Support Hashed Time-Locked Contracts
  • Have the same hashing algorithm
  • Off-Chain Atomic Swap

Off-chain swap, on the other hand, enables users to carry out atomic swaps off the blockchain. These swaps essentially take place on what is more commonly referred to as “layer 2”, Bitcoin and Litecoin engaged in the first ever off-chain atomic swap in November of 2017 by implementing the Bitcoin Lightning Network.

How Various Exchanges Realize Atomic Swaps

Various organizations as regards cryptocurrency exchanges have a variety of approaches in so far as executing the atomic swaps is concerned.

  1. Komodo:

Komodo is a decentralized cryptocurrency exchange platform and it is not possible to understate their contribution to the atomic swaps research. As a matter of fact, let’s take a tiny detour and travel back in time. Barely a year after Nolan presented the idea behind atomic swap protocols, Komodo’s Lead Developer jl777 came up with the code that capacitated a number of the very first atomic swaps.

Initially, this code only allowed atomic swaps between NXT assets. However, jl777 then upgraded the code to enable NXT assets to be exchanged with any Bitcoin-protocol coins.

During the summer of 2017, Komodo took the next step towards mainstream adoption of atomic swaps. They came up with BarterDEX, which was the first Graphical User Interface for an entirely atomic-swap-powered cryptocurrency trading marketplace. A moment later, Komodo started integrating dozens of Bitcoin-protocol coins and publicly carrying out tens of thousands of atomic swaps on BarterDEX.

Barely a month after the Litecoin-Decred atomic swap, Komodo came up with a method of carrying out atomic swap trading with the implementation Electrum servers.

After that, in February of 2018, Komodo was able to connect Ethereum and Bitcoin-protocol coins with a swap between ETH and DOGE. As such, Komodo was the first blockchain project to realize this feat.

By March 2018, Komodo’s atomic swap technology supported trades between 95 percent of all crypto coins and tokens in existence. As of the time of this writing, more than 110,000 atomic swaps have been carried out on BarterDEX, Komodo’s decentralized exchange (DEX).

How Komodo Works

Assuming Bobby has BTC and would like to exchange his BTC for KMD (Komodo tokens). Similarly, suppose Annette holds some KMD and is looking to acquire some BTC in return. Here is how this atomic swap is going to work out:

  • Bobby first posts a trade order on Komodo’s Decentralized Exchange (DEX) platform.
  • Annette sees the offer made by Bobby and as such accepts it.
  • Annette then commits to the trade by paying 0.15 percent of the entire trade amount as atomic swap fee. Most noteworthy, keep in mind that Bobby has not paid any transaction fees yet.
  • The moment Annette pays the transaction fee, the atomic swap commences.
  • Bobby then sends his deposit to secure the address. No one will have access to these funds until the time period of the trade has either elapsed or the trade is concluded. Worth noting, the deposit must be 112 percent of the amount of the order that was originally posted.
  • Annette sends her KMD tokens to another secure address. Just as is the case with Bobby, nobody is in the position to access it.
  • In the event the trade falls apart, then the swap will be timed out and canceled. When this event happens, Bobby gets his BTC back and Annette gets back her KMD tokens.
  • Otherwise, Bobby sends his BTC payment to Annette and concludes his part of the deal.
  • After Alice claims Bobby’s payment, Bob gains the ability to receive Annette’s KMD payment.
  • The atomic swap process is now complete.
  1. Blockchain.io

Blockchain.io is implementing atomic swaps by amalgamating both centralized and decentralized components. Their design is modeled to foster trade while entrusting trust.

The order book will be centralized to ascertain high liquidity and additionally provide the user with an option to use atomic swaps for decentralized trade settlement.

The crypto coins scheduled for trading are locked up in an escrow smart contract, which can be freely traded. Significantly, the trades take place in a centralized fashion on the exchange’s platform. In the event that the trade is concluded, they can now cash out.

Advantages of Atomic Swaps

  • Interoperability between the various assets is at the moment a big problem in the digital currencies space. Atomic swaps are going to bring users of all these various crypto coins together to help them flawlessly interact with each other.
  • Atomic swaps make the cryptocurrency ecosystem more “currency agnostic”. Owing to the fact that individuals with different holdings of cryptocurrencies will consequently be in a position to interact with each other, it is pretty likely that holders of cryptocurrencies will be more open to diversifying their holdings rather than just depending on a few crypto coins.
  • Atomic Swaps will in addition open the doors to trustless and fee-less decentralized exchanges.
  • Extant cryptocurrency exchanges are centralized and are as such susceptible to a host of attacks. Atomic swaps get rid of the need for third party involvements and make the trade as straightforward as possible.
  • Other than the susceptibility to external attacks, centralized exchanges are as well exposed to internal maintenance issues and corruption. Wallet maintenance and (or) disabled withdrawals are notably two major challenges faced by the current exchanges. Atomic swaps are intended to provide users with utter control over their digital assets.
  • Direct wallet-to-wallet trading embodies decentralization in its purest form. Exchanges are constantly targeted for regulation purposes, which makes the whole trading process increasingly centralized.
  • Given that an atomic swap directly connects 2 wallets to each other, it eliminates all the steps and gratifications necessitated by centralized exchanges. It is as such a speedier option.
  • One of the best features of cross swap regards the elimination of intermediary tokens. For instance, on the assumption that you have LTC and you wish to purchase Decred in a normal exchange, you will be required to sell your LTC for BTC in order to purchase your Decred tokens. By implementing atomic swaps, you can get this trade done in a go.
  • Exchanges normally levy hefty fees and charges particularly on the off chance you are trying to withdraw your coins back to your wallet. Some exchanges also have rather questionable fee-structures. Atomic swaps resolve this issue.

Some Drawbacks or Limitations of Atomic Swaps

#1.   Adoption

The 1st drawback that atomic swaps face in its present iteration is that 3 conditions have to be fulfilled for two digital currencies to indulge in atomic swaps, as highlighted below:

  • The cryptocurrencies are required to have a hash algorithm that is inherent to the both of them.
  • Both the crypto coins herein involved must be in a position to initiate hashed timelock contracts.
  • Both crypto coins are required to have specialized programming functionalities.

Thus far, the above mentioned conditions are bound to immensely limit the number of crypto coins that can actually take part in these swaps.

Be that as it may, the latter is barely the worst part as it will, unfortunately, as well limit the number of organizations and users that can experiment with them right now. This will as such lengthen the period of time it will take the general masses to get used to this new technology.

  • Speed:

Yes, as you may have noted, we have listed “speed” as one of the advantages of atomic swaps, yet there is more to it.

In its current iteration, atomic swap as yet requires a lot of refinement and enhancement prior to becoming fast enough to handle huge volumes of data. This is notably one of the areas where the lightning network can aid atomic swaps in a major way.

  • Lack of Compatibility:

It is a doubtless fact that more digital currency wallets which are going to adopt the atomic swap technology are springing out. Be that as it may, the lingering fact is that the total number of compatible cryptocurrency wallets and exchanges as yet lies in the minority. Additional support from more exchanges will inevitably lead to more broad scale use and research.

Conclusion

Lack of scalability and interoperability are 2 of the most salient issues that the crypto world is facing as of right now. With atomic swaps, we have a solution that can kill two birds with a single stone. This is an innovative technology with a lot of potential of taking us to the next evolution of cryptocurrency trading. We are hopeful that more research work and adoption takes place in the near future.

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Most Profitable Coins to Mine in 2019

May 19, 2019 by TheCryptoToday Leave a Comment

Everything You Need to Know about Mining

Cryptocurrency mining has become a trend in the crypto space recently. Most of the time, when people heard about mining, they think that it involves a really complex process. However, in order to fully understand the process of mining, one must also learn about the important ideas of what cryptocurrency is all about. Having known as a digital asset, cryptocurrency is used to work as a medium of exchange today. It basically involved a process known as cryptography which ensures that all transactions are safe and secured all the time.

On the other hand, while it is not easy to understand cryptocurrency mining, things will become a lot easier when a person becomes a miner himself. Nowadays, these digital currencies are produced through a mining system which involves a certain algorithm. Further, each digital asset available in the market today also uses a different algorithm.

As a beginner, one must learn the basics of cryptocurrency mining. As to whether anyone can do the mining process, certainly, anyone can as mining is actually a really simple thing. If you are looking for a new hobby, then, barely consider this mining as one of those. Make sure to have enough startup that will need you to buy all the things that are needed in your mining journey. If you look forward to doing cryptocurrency mining, the more research you do, the better it is for you.

Things to Consider on Cryptocurrency Mining

Before you embark on your journey to cryptocurrency mining, make sure to consider some important points in mind. For you to look forward to a more profitable 2019 as you mine, consider the list below as it may be of huge help for you.

#1 You need to have a coin wallet that is secured with your personal password. This wallet allows you to store your earnings, while at the same time, for you to keep all the details of your network transactions.

#2 Make sure to get the best membership to an online mining pool. This refers to a certain community of miners like you who combine their computers in order to enhance and increase their mining profitability and income stability at the same time.

#3 You also need to have a membership to an online cryptocurrency exchange so it would be easy for you to exchange your mined coins and convert it into cash or into another form of the digital coin.

#4 You need to pick up the right mining package that will typically help you in your mining journey. Basically, this involves choosing a particular amount of hashing power and cross-referencing depending on how much you can afford to pay for it.

Best Coins to Mine in 2019

While keeping yourself excited about starting your cryptocurrency mining journey, it is also best for you to explore the best options and learn about the coins that are more profitable to mine this year. Below is the list that would help you find out more!

#1 Bitcoin (BTC) – It is the world’s first decentralized digital coin which has continually made trends in the market in 2019. More and more investors have considered Bitcoin as the most profitable coins to mine in the market this year. Most of the Bitcoin holders believed that this digital asset offers a certain level of immutability and censorship resistance that is needed to truly decentralize the currency.

#2 Ethereum – Despite the fact that Ethereum is only the third largest digital coin in terms of market capitalization, many investors still believed that this coin is very mineable and profitable. It has the so-called extreme decentralization to its network making it one of the most profitable digital assets to mine this 2019. Some experts also believed that Ethereum might overtake the Bitcoin in the near future. Without a doubt, the ETH will become one of the most valuable assets in the entire crypto community.

#3 Monero – When looking for a digital coin that comes between profitability and small losses, then, Monero is a wise choice. One of the main reasons why this digital coin becomes a top-notch this year is the fact that it is the top privacy-centric altcoin that you can ever have. Other than that, Monero tops as the tenth largest digital asset in terms of market capitalization. Further, you can also be pretty sure that Monero will remain accessible and profitable for the miners with just a simple use of GPU.

#4 Grin – This is another treasure when it comes to cryptocurrency mining. This is currently known as the new privacy coin having a limitless supply and has surprisingly got a positive response from the Bitcoin minimalists. One of its features includes privacy, scalability, and fungibility. It is also the first digital asset that is known to leverage in the mimblewimble privacy technology.

#5 VertCoin – This is another mineable coin for the year 2019. The VertCoin is also known as the “people coin.” It is probably one of the easiest digital coins to use for miners. All you need to do is to download its special miner and install it right away. Once done, you can immediately start mining for this coin in no time.

Conclusion

Cryptocurrency mining may be an easy thing; however, it may sound complicated to those who have just begun their mining journey. Mining can be a fun hobby especially if you are making good profits from it. It is undeniably a great thing to do rather than just sitting around waiting for nothing in return. Nowadays, cryptocurrency mining is becoming popular and more currencies have been improved, introduced, and developed, thus making your mining journey a lot exciting.

Anyone can do the mining as long as you have the necessary means to successfully do the startup. On the other hand, the actual mining process is pretty much simple. You only need to have the software needed and it will eventually run by itself. To sump it all, there are lots of things to learn in order to start mining, but it is also something that will give you more profits and long-term success in the near future!

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Best Proof of Stake Coins

May 19, 2019 by TheCryptoToday Leave a Comment

Over the years, the Proof of Stake Coins is gaining popularity in the crypto community. If you are one of those who are looking for the best PoS coins, then, looking for the best coin with the good return of the investment must be your topmost concern. As defined, the Proof of Stake coins allows a person to mine or validate block transactions depending on how much of a coin a person holds. This simply means that the more coins a person holds, the more mining power and ability he or she has.

Apparently, there are various ways to make money and earn in the cryptocurrency business. One of the most common ways is through the trading of the digital coins in the crypto space. While it is true that Proof of Stake coins are becoming popular every now and then, more and more investors and coin holders are finally looking for ways to earn passive income.

Top Proof of Stake Coins in 2019

Here are some of the best Proof of Stake Coins to own to ensure a good return of investment without having to sell your current holdings. However, you have to take note that your actual returns will still vary based on certain factors. Nonetheless, if you feel the need to start, you can never go wrong with these digital coins below.

#1 NavCoin

This cryptocurrency was forked from the Bitcoin back in 2014. It was also known as one of the early crypto coins which fully adopted the Proof of Stake model and has remained a reliable source of passive income ever since it existed. When planning to hold a Nav, the only thing you need to have is a Core Wallet where you can drop your holdings and be able to start earning right away. Meanwhile, you have to make sure that your computer is connected online at all times to ensure maximum results. NavCoin has created a good history in the crypto community and perhaps, this is one of the best picks when looking for a reliable PoS coin this year.

#2 Lisk

This is another platform that allows developers to create decentralized applications. This Proof of Stake coin shares a lot of similarities with that of the Ethereum. It has been learned that Lisk is using the so-called Delegated Proof of Stake system that is somewhat different from the standard PoS. Staking using this platform is also best done using the Lisk Nano Wallet. Although it takes a little more complicated process, nevertheless, you can still read some guides through the EarnLisk before starting to dive in.

#3 NEO

This is another solid choice when it comes to staking. NEO is known for using the GAS token in paying all transactions as a block reward. Meanwhile, a GAS fee is charged whenever someone creates a certain asset into the NEO blockchain. Nevertheless, the GAS pays for each transaction and will then be distributed to the NEO stakers equally. With the simple logic, the more NEO you have at staking, the more GAS you earn from each payment made. This PoS coin can be staked into any storage wallet. However, it would still be better if you’ll be using an official NEO wallet in keeping NEO in cold storage.

#4 ARK

This ARK is not just a simple digital asset but it is considered an entire ecosystem. This project aims to provide the fastest and more scalable service no matter what platform an investor utilizes. This simply means that ARK has made no competitors, instead, they aim to make partners. Just like the Lisk, this platform also uses the Proof of Stake system. One of the best benefits of using ARK in creating a passive income is that it has the ability to earn even without leaving your wallet to be always online and connected on the internet. You just simply send your votes and earn your stake. Meanwhile, you can also opt to store ARK to any hardware wallet just like the Ledger Nano S and vote directly from the hardware device that you use.

#5 Reddcoin

This is a known social currency which aims to simplify digital transactions in the crypto space. It has the so-called micropayments that have been integrated into the social networks in order to give access for instant tipping for certain valuable contents. Staking Reddcoin is pretty-much considered upfront since you only need to download the Reddcoin Core Wallet to any of your desktop computers. Once your coin has matured for about eight hours, your staking can simply begin.

This simple list above is just among the Proof of Stake coins that are worth your time investing in. Apparently, there are still countless of these coins and more and more projects will then be open soon. Like any other form of investing, staking is another form of gambling. There is a risk and you have to be willing to condition your mind that certain risk might happen anytime. However, always make sure to do some research before you start staking.

Choosing a PoS Investment Coin

When looking for the best Proof of Stake coins for investment, it is just as simple as looking for a coin with the best actual returns to ensure earning a passive income. You have to ensure that your investment must take a long-term period to ensure a good amount of success.

Finding the best PoS coin might largely depend on your personal taste and need. Some investors vary according to their trading habits, risk appetite, and excess funds. Thus, when it comes to staking, the more research you do, the better it is for you. Always choose the coin which you believe will give you promising returns despite starting small.

Summary

With all the details mentioned above, always remember that staking is definitely a risky business. No one holds the crypto market as it may crash, gain again, or worse is, it can be wiped out and lose the value of your coin. Nonetheless, you always need to go on and never be afraid to do the staking at all cost. There are certainly lots of opportunities that your PoS coin can do for you.

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Best Ethereum Wallets for Android

May 18, 2019 by TheCryptoToday Leave a Comment

Ethereum is one of the most popular digital coins known in the market today. It has been learned that this digital asset landed as the second largest cryptocurrency to date in terms of market capitalization. This simply means that over the years since Ethereum was launched, its investors are also growing by and by.

The Ethereum was created by Vitalik Buterin, a known personality in the crypto community. Just like any other digital coins, Ethereum was created as an open source software that will work best with any decentralized network. Other than that, it also has a smart contract functionality feature.

While it is true that Ethereum has become bigger and bigger as the years go by, this digital coin has two primary functions that include; keeping certain things to run smoothly through the mining nodes and secondly, it pays people under the smart contract functionality platform.

If you are one of the Ethereum investors, you have known the fact that more and more people are finally investing in the ETH. With this regard, it is also important to increase your knowledge with the different and best Ethereum wallets for android to keep your digital assets safe and secure at all times.

Updated Ethereum Wallets for Android

To save your head from trouble, check out the list below and get informed about the best and updated Ethereum wallets for Android that is made available in the market this year.

  1. Guarda – This wallet is notably known as the top Ethereum wallet for Android users. Apart from that, this is the first multi cryptocurrency wallet that is capable of holding and storing any other digital currencies apart from the ETH. The Guarda supports the most popular coins in the market that include Zcash, BTC, ETH, Ripple, and Dash. Unlike any other kinds of a digital wallet, this Guarda doesn’t store any client information on its database. On the other hand, its private key is simply stored on the device’s secure memory and will just automatically delete itself once the user logs out from the Android wallet. Further, this wallet will allow investors to shift their crypto assets from one coin to another without having the hassle of registration and any complex verification processes.
  2. Coinbase – This is another Android wallet that works best with Ethereum. If you are looking for safe storage of your digital coin, this Coinbase is also an option to choose from. It offers an extra security feature through the so-called multi-signature vault. This means that this wallet holds most of its digital assets in cold storage in order to have more and added security. Whenever fraudulent transactions and hackers hit your wallet, you can be sure that your digital currencies are safe and insured and all investors are eligible for full compensation.
  3. Jaxx Wallet – This is another outstanding wallet known for its multi-asset feature. This means that Jaxx supports different kind of digital currencies including the Ethereum. One of its edges is its very simple and user-friendly interface. Aside from the fact that this wallet works for Android users, the Jaxx also works well with desktop and iOS mobile users. Jaxx is also known for its enhanced security feature such as the seed keys, a setup PIN, and private keys are not stored on the device. Apart from that, Jaxx is known for having an innovative development community for its users. With its simple interface, doing transactions with your ETH is also done very easily.
  4. Coinbase Mobile Wallet – This wallet is another version of the Coinbase. It is a very mobile wallet for Android users and who are also Ethereum coin investors. When it comes to sending, receiving, and trading the ETH, this wallet assures you of its best security feature. It also has an easy and simple interface that is best for any sorts of transaction.
  5. BRD Wallet – It is another wallet that is compatible with the Android users that keeps Ethereum at the same time. Originally, the BRD wallet only supports the Bitcoin. But over the period of time, their interface has recently added the ETH to their supported digital currencies. It is very easy to use and set up and you can immediately make transactions in no time.

How to Select the Best Ethereum Wallets for Android

Whenever looking for an Ethereum wallet for android, there are certain features and factors that you need to take into account. Consider the list below as a suggested feature to consider when choosing a wallet for your digital coin storage.

  1. Security – The best digital currency wallet should always provide full security to the users and to the assets stored. This means that digital assets should not have any exposure to any human errors, particularly hackers and any fraudulent transactions.
  2. User Interface – It is also best to select a wallet with the simplest user-interface. The simpler the wallet is, the easier it is for the users to use them. Apart from that, a simple interface allows users to make transactions fast and easy.
  3. Private Keys – Always look for an Android wallet that provides a private key. This is to make sure that no one is allowed to access your digital asset without having your secure private keys.
  4. Development community – Any wallet with a development community has an edge over the others. It should be an open source and must have an active development community for the users.
  5. Backup Feature – A wallet must always have a backup facility that stores all information and important data.

Conclusion/Summary

Your choice of Ethereum Android wallet must always depend on your current circumstance and need. Each wallet has its own downside. Nevertheless, you will always have the ETH wallet that will adhere to your need all the time. If you are a long-term Ethereum holder, then, it is also best for you to pick for a wallet that will also be your partner for a long time in order to make all transactions easy and better for you.

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