Launched in 2009, the technology behind Bitcoin has the potential to revolutionize the world’s business relationships.Some say the world will not be the same in the next 5 years — all because of blockchain.

But what is blockchain?What is Cryptocurrency?How to buy Bitcoins?If you have any of these questions, check out in this article the answers we have prepared for you to understand the subject of the moment.Good reading!

What is a cryptocurrency?

It all started in 2009, when one Satoshi Nakamoto published the source code (known as a whitepaper) of the completed Bitcoin project.Who this person is, nobody knows.But his name will forever be remembered in the history of the money revolution.

Cryptography

One of the most notable features of this innovation is the sophistication of encryption.This is the second most important aspect of crypto assets: the security of the codes that protect value transactions.

Unlike regular money, overseen by government agencies and financial institutions, Bitcoin is free from these intermediaries.With it, commercial relations take place through a peer-to-peer protocol, protected by virtually inviolable codes.

This means that if someone transfers Bitcoin to any address on the network, there is no single intermediary agent controlling the operation.

Solution

Therefore, despite our emphasis on cryptocurrencies, it is better to understand this technology as solutions to general problems in the economy and society.In the case of Bitcoin, we have a solution for centralizing the control of money.

The Bitcoin system works over the internet, through a protocol that connects two network addresses.Any transaction must be confirmed by each computer connected to the system.This ensures, for example, that no one “invents” money out of thin air, as the central banks of centralizing governments do.

But, among the more than 2000 solutions like Bitcoin, we can find others for various problems.Smart contracts, distribution logistics and dynamic platforms for other cryptocurrencies are some interesting examples.

Blockchain

Now, if cryptography is the second most relevant aspect of crypto assets, blockchain is certainly the heart of this engineering.

Blockchain is like a public ledger of all Bitcoin transactions (or the asset relationships in question).Each block carries with it an access key to the previous block, forming a “chain of blocks” (hence the name, blockchain) that “tells the story” of all transactions.

These blocks are built as the system operators (miners) solve problems that require very high computational power.The solution to the problem is confirmed by the network, which ensures that all computers are saying the same thing.Thus, if someone tries to defraud a block by adding or removing information, the system rejects that block and the operation is not confirmed.

Why use cryptocurrency?

There are many reasons to buy Bitcoin or other cryptocurrencies.And all are directly or indirectly related to the potential of blockchain.Check out 3 fundamental reasons!

Safety

The Bitcoin system is very secure.It’s really safe!Consider for a moment the fact that the entire grid already consumes more electricity than Switzerland, and you’ll get an idea of how safe it is.

If you understand how the system works, then it is clear that defrauding the Bitcoin blockchain costs infinitely more than any value diversion arising from fraud.But that doesn’t mean users are immune to criminals.

Although it is practically impossible to spoof information from an address on the network, the user is still responsible for his/her wallet (private-key).So choose well how to keep yours to protect your Bitcoins.

Ease

Have you ever thought about transferring money from Brazil to Hong Kong in seconds, without having to pay IOF, declare to the Federal Revenue, or face bureaucratic processes?

That’s how it is with cryptocurrencies: select the address you want to transfer the amount to, set a “tip” for the miner if you want, and… that’s it!

Everything is even easier when you use QR-code.Just aim your smartphone camera at the address code and transfer your cryptocurrencies.

Market valuation

If you had bought Bitcoins in 2010, when 2 pizzas were worth 10,000 Bitcoins, maybe today you would have a few million dollars in your account.

We are talking about the highest appreciation of an asset in the entire history of the financial market.There were more than 650,000% appreciation until the historic high of December 2017.

Therefore, it is no wonder that large companies such as Microsoft, IBM, Google, Facebook and other giants are embracing the technology.In fact, this illustrious presence, especially that of Facebook with its new currency (Libra), promises to further strengthen the value of blockchain and cryptoassets.

What are the main cryptocurrencies?

You have already met Bitcoin and the solution it offers.There are still hundreds of other solutions, and some have already amassed a few billion dollars in market capital.Get to know the main altcoins, that is, alternatives to Bitcoin, market leaders.

Ethereum

Considered by many fans to be the evolution of the blockchain (who knew, evolution has already evolved!), Ethereum does a little more than Bitcoin.In addition to the construction of a block being much faster, those who have ethers can create value tokens, as if they were other cryptocurrencies.Ethereum is also the benchmark for smart contracts.

ripple

Ripple comes to try to put banks in the game.Its platform allows transactions of large remittances to be made safely and quickly.This provides liquidity to banks through the platform currency (XRP).

Litecoin

If Bitcoin were gold, Litecoin would be silver.Born as a solution to problems of Bitcoin itself, Litecoin has the proposal to speed up transactions on the network.Thus, in a litecoin transaction, users would have to wait only two and a half minutes for a block confirmation, as opposed to 10 minutes for Bitcoin.

How to invest and where to buy Bitcoins?

All you need to start trading cryptocurrencies is an account on an exchange, that is, an online trading platform.Then, just deposit the amount you want to invest and buy your Bitcoins and altcoins.

We created this content for you who want to be part of the crypto universe and it can be your gateway to this new world.Still not familiar with the Ripio platform?Access thewebsiteto register and start being part of the new digital economy.

The post Do you know what cryptocurrency is? Understand here! appeared first on LTCminer.

Number of pairs: 32

Daily turnover: 179332654

Coinbase is an important player in the cryptocurrency market, is located in the U.S. jurisdiction and is based in the state of San Francisco. To understand the scale of the exchange, it is worth noting that the site has more than 20 million users and more than 30 million cryptocurrency wallets open.

The exchange team has attracted quite a large number of investments from well-known investors, including Andreessen Horowitz, Ribbit Capital, Union Square Ventures, Sozo Ventures and Bank of Tokyo Mitsubishi UFJ. The founder of the exchange is Brian Armstrong, a well-known American entrepreneur. It is also worth noting that the technical part in the company was engaged in another famous person – the creator of the cryptocurrency Litecoin Charlie Lee.

Website: https://www.coinbase.com/

The post Cryptocurrency exchange Coinbase PRO appeared first on LTCminer.

Number of pairs: 14

Daily turnover: 93591494

Bitstamp operates in the legal field of the UK and has three offices: in London, in Luxembourg and in New York. It is important to note that Bitstamp crypto-exchange is the first European trading platform that received a license to provide its services in 28 countries of the European Union.

The Financial Sector Supervisory Commission, headquartered in Luxembourg, gave it the right in April 2016. Bitstamp, despite the fact that it was launched back in 2011, when there was practically nothing to choose from, remains to this day a popular platform for buying and selling cryptocurrencies. The exchange has a good level of protection, convenient functionality for users, the availability of mobile applications, and a good reputation among the cryptocurrency community.

Website: https://www.bitstamp.net/

Exchange has a mobile application for Android and iOS, but it (like any other similar application) has a fairly limited set of tools for trading. Bitstamp is integrated with TradingView, which includes a wide range of technical indicators and tools necessary for efficient cryptocurrency trading.

Although more and more spot exchanges are adding margin trading option, Bitstamp does not offer margin or derivatives trading.

The post Bitstamp cryptocurrency exchange appeared first on LTCminer.

Number of pairs: 77

Daily turnover: 639940608

Bithumb is one of the largest exchanges in the world, it belongs to BTC Korea.Com Co.

The main feature of the exchange is that all trading is done through the South Korean won. Verification at the exchange is mandatory. The exchange opened its office in Seoul, where any user of the site can go.

Website: https://www.bithumb.com/

In July 2017 the exchange was attacked by hackers. Billions of South Korean won were lost, and hackers stole the personal information of about 30,000 customers. The investigation revealed that the personal computer of one of the exchange’s employees had been hacked. Subsequently, the exchange compensated its losses, so the attack did not affect the reputation of the company.

Subsequently, Bithumb surprised all users with another important step by opening an office for receiving customers. This way any Bithumb customer could come and get any kind of consulting support or help in solving the problem with his account. This was the first exchange that made this decision.

Bithumb also offers services such as money transfers and gift coupons.

The post Bithumb cryptocurrency exchange appeared first on LTCminer.

Number of pairs: 102

Daily turnover: 223601612

Bitfinex exchange has existed for more than six years and is one of the largest in the market. This site is one of the most liquid cryptocurrency exchanges in the world. It has a margin leverage of 3.3x.

There is a customizable interface, Trading View tools, a system of complex orders. Bitfinex has mobile platforms for Android and iOS. Verification is required for full-fledged work.
In the cryptocurrency community the exchange is closely associated with the project Tether (USDT), which in its time was not very good for the reputation.

Bitfinex has a limit on the entry threshold for trading. At the moment, this figure is $10,000, thereby the exchange team emphasizes that it created a platform for professional traders, and participants who do not have enough experience in trading – can use other platforms.

Website: https://www.bitfinex.com/

The Bitfinex team has gained invaluable experience in blockchain technology while the platform has cemented its position as the go-to place for digital asset traders and institutions to trade.

In addition to a suite of advanced trading features and charting tool, Bitfinex provides access to peer-to-peer (P2P) financing, an OTC market and margin trading for a wide selection of digital assets and derivatives trading. Bitfinex’s strategy focuses on delivering the best crypto trading experience for professional traders and liquidity providers around the world through the delivery of cutting-edge technology.

The post Cryptocurrency exchange Bitfinex appeared first on LTCminer.

Number of pairs: 437

Daily turnover: 1073784733

Binance is one of the largest, highly liquid, safe and reliable exchanges today. Despite the fact that its history begins not so long ago, namely in 2017, this does not prevent the exchange from being the most popular in the market.

By 2017, there were already many competitors on the market. But the user-friendly interface and good technical characteristics, complemented by a wide selection of coins, quickly attracted users. In the shortest time, the official website of the exchange began to occupy the leading position in terms of the volume of daily trading. Due to the influx of users, the exchange team even had to suspend registration of new accounts more than once.

Website: https://www.binance.com/

The post Binance Cryptocurrency Exchange appeared first on LTCminer.

Number of pairs: 208

Daily turnover: 803886061

A young, but actively gaining popularity crypto exchange. By its structure and interface is very similar to Binance. Like its “big brother”, Bibox has its own token – Bibox Token (BIX), which serves to reduce trading commissions by half.

The exchange positions itself as a centralized trading platform enhanced by artificial intelligence.
The trading platform was developed by a team of blockchain specialists from China, who previously participated in the creation of such exchanges as OkCoin and Huobi. The platform is developing well and the number of users is growing rapidly. However, the peculiarity of its work, namely the AI, which is involved in trading, has not yet been disclosed by the team.

Website: https://www.coinbase.com/

Bibox is a Chinese cryptocurrency trading platform. It has been operating since the end of 2017. Crowdfunding was used to launch it. ICO project Bibox was held from October 1 to October 31, with a regulated hard cap of 150,000 ethers. Exact data on the amount of funds raised during the crowdfunding was not disclosed.

By its model, features and interface Bibox is a clone of another popular Chinese exchange – Binance. It also uses the internal token Bibox Token (BIX), which is burned like BNB (Binance Coin) and allows trading with a reduced commission. A total of 271,500,000 coins have been issued.

According to unofficial information, former senior employees of exchanges such as OKCoin, Huobi worked on the launch of Bibox. The 16-page whitepaper of the project says that it is a decentralized exchange with a unique design and innovative tools from the field of artificial intelligence, which is able to serve 10 million users simultaneously.

The post BiBox cryptocurrency exchange appeared first on LTCminer.