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Ledger Nano S vs Trezor

The big bucks need the sort of security that it deserves. So, when the thought of multiplying them in the near future strikes, a new wave of doing so is sought after. The rising growth of the cryptocurrency in 2014 was thought of to be a new revolution in the investment spectrum. Buying and selling of these cryptocurrencies were all over the news and trends. Then what happened that resulted in a sudden decline of the same?

Questions raised on the security of the transactions can be one of the reasons why a decline in the cryptocurrency could be witnessed. Hacking and other such ethical breaches may have seized to exist. But with hardware wallets and their provisions and features, the security aspect is much relaxed. The best advantage of holding the cryptocurrencies in such wallets is that the private keys are stored in the devices itself and do not get shared with any server or any other storage which is software enabled.

If we are to compare two of the most popular hardware wallets in the market at the moment that makes cryptocurrency transactions safe and secured, then they are of Ledger Nano S and Trezor. But to choose to opt for one over the other needs an analysis of the intricate details of all of what it comprises of. The Ledger Nano S and Trezor have a tough face-off with each other considering the following aspects-

  • Ledger Nano S supports more coins as compared to Trezor. This advantage is vital for people who wish to choose from varied options of coins that are available.
  • There is not much difference in the cost of Trezor or Ledger Nano S.
  • Trezor has a bigger display screen in contrast with Ledger Nano S. This provides a more comfortable view.
  • The setup process for both the wallets is the same. They need to be connected via USB to a PC with PC oriented operating systems. There is the requirement to set a PIN code and a backup recovery seed to set up.
  • Trezor is on mobile! The best advantage one can look for. Trezor has an app unlike Ledger Nano S. There is a mobile version available but that doesn’t beat the ease and comfort of an app.
  • The durability of the hardware of Ledger Nano S is hands down more because of its stainless steel body which makes it less susceptible to damage, unlike Trezor’s plastic body. 

Dent Coin Price Prediction

Built on the Ethereum blockchain ecosystem, Dent falls under one of the initiators of virtual telecom operations. This platform deals with the global market aiming the telecom users limited to regionality biases and thus restricting themselves from the worldwide opening. The mobile data infrastructure is not available to many. Dent breaks this bar with its unified marketplace enabling global interaction amongst the user base.

This ERC-20 cryptocurrency is an exchange as well as a marketplace used for mobile data transactions through reciprocated operations over data plans. The convenient pricing and transparency make this platform highly adaptable, even more than expected. Dent is aiming to bring a completely new economic scenario while turning around data that’s worth billions of dollars.

The trading value of Dent currently stands at $0.000170 with a market cap of $13,362,679. According to the price movement chart, a worth of $550,483 Dent is being traded. Within a day’s span, the price escalated to $0.0004 where $0.0001 was the lowest.

The market scenario of cryptocurrencies changes rapidly. And such uncertainty makes the cryptocurrency price prediction a little difficult.

However, in this article, we will cover the estimations made by top websites and market leaders for you to understand the flow of Dent coins. So, let’s have a brief look at them:

  • According to Wallet Investor, it is predicted that during 2020, the value of Dent coins will reach to $0.000012.
  • Taking Crypto Groud’s predictions into account, it can be said that within the next 6 months, and the year, Dent’s worth will be $0.0010 and $0.0013, respectively. Whereas, within 2025, it might take a flight to reach $0.0631.
  • As per Digital Coin Price, the valuation will become $0.00233592.
  • Other sources say that by 2022, Dent’s price to increase to $0.0238.

As an addition to Dent’s uprising worth, the probability of this crypto project to crash down is quite less too. Well, if you see it in the long run, studies show that the value of Dent coins will not drop. And the proof is there in a recent example where Dent’s service expanded to over 50 countries around the world, following the update of its beta app commencing an international call. This actually enhanced the market demand resulting in a 10% value hike. So, all these progressions make it evident that investing in Dent will surely bring a win-win situation for you and the industry as well.

Can You Hack Cryptocurrency?

Cryptocurrency can be best described as a type of digital currency. It uses cryptography for the purpose of offering data security and anti-counterfeiting measures. Generally, public and private keys are employed for transferring cryptocurrency between individuals. Some of the most popularly used cryptocurrencies are Bitcoin, Litecoin, Bitcoin Cash, Dogecoin, Etherium, etc.

The issue of security has been attached to cryptocurrencies, especially bitcoin since its development and inception. In case you are wondering if one can hack cryptocurrency, continue reading this article.

Bitcoin itself is actually very difficult to hack due to its highly supportive blockchain technology. Hacks are usually unlikely as blockchain is constantly reviewed by bitcoin users. However, it does not mean that it’s necessarily a safe investment. The potential for security risks does exist at various stages of the trading process. Although developers are always trying to improve wallet security, there are ‘black hat’ hackers who are always trying to access other peoples’ wallets illegally.

In Bitcoin’s transaction process, the most commonly used security measure is two-factor identification. Linking the security of a transaction to an email address or a cell phone number means that anyone with access to those components can authenticate transactions. If hackers manage to determine your non-cryptocurrency-related personal information, infiltrating your transactions will not be much of a difficult job for the hackers.

In August 2010, Bitcoin was hacked when some hackers exploited a vulnerability. The hackers generated billions of bitcoins which were sent to two addresses on the network. The vulnerability was eventually fixed. After that,  the transaction was erased from the transaction log. The Bitcoin network was forked to an updated version.

A “bad” transaction infiltrated block 74638 on 15th August 2010 due to a bug in bitcoin’s code. There are several more instances as well when Bitcoin and other cryptocurrencies were hacked.

However, there are exchanges working towards maintaining high-security practices. Binance, is one of them, is doing a commendable job to safeguard the cryptocurrency market. In 2018, it impeded into Cryptopia hacker’s plans and had frozen the stolen cryptocurrency. Well, everything has its own positive and negative sides; so is the issue with cryptocurrencies as well. The operation of such digital currencies was made decentralized to make transactions easy, but hackers found their ways to invade into the network and ruin the concept. Though it’s not a child’s play to take preventive measures against such activities, platforms like Binance are putting their best efforts to avoid these unscrupulous happenings.

Is cryptocurrency a mirage?

It is with much trepidation that I would approach the word “mirage”, especially when it is being linked to cryptocurrencies. Bitcoin, in particular. I would also vehemently protest if blockchain is also described similarly. Blockchain is a technology with immense possibilities and it has already illustrated it’s feasibility by being the backbone of digital assets.

And that brings me to Cryptocurrencies. Bitcoin, in particular. Now, the question might be asked as to why just single out Bitcoin, when a thousand other tokens are in vogue. The answer is simple. Bitcoin, being the firstborn, is not just the most influential but largest of all the cryptocurrencies put together. It holds a bit more than 50 % of the market cap of the entire crypto universe. Any changes happening to Bitcoin will have a direct influence on the other cryptos and this has been proved on numerous occasions, earlier. The most major being when Bitcoin crashed from a high of $20000 to a low of under $6000, in 2018.

Now since cryptocurrency is synonymous with Bitcoin, the question beckons.

Is Bitcoin a mirage?

In less than a decade, bitcoin has gone from being an obscure curiosity to a household name. Its value has risen — with ups and downs — from almost nothing to $10,000 at current valuation.

Bitcoin’s rise is spectacular. Its price is up almost thirtyfold in the past three years. Currently, the value of Bitcoin in circulation is more than US$250 billion, greater than the market capitalization of McDonald’s. This is remarkable because unlike McDonald’s, which has stores in almost every corner of the world, Bitcoin as a virtual currency is hardly even transacted in the real world.

Hence, there is a possibility, that since it has no shape and form, it’s viability is always a question mark. But then the rising stock of Bitcoin may also suggest that digital assets are the future.

The rise in Bitcoin’s value reflects speculation about its future value: This digital currency will have long-term value as long as it is accepted as a medium of exchange and a store of value.

The greater its acceptance, the more it will be worth it. However, it is difficult for Bitcoin to be accepted as real money. Therefore, the high volatility of its value largely reflects changes in the perceived degree of acceptance. By design, there are inherent weaknesses that prevent Bitcoin from becoming real money. Once these bottlenecks are removed Bitcoin has the potential to become the currency to own.

The Bitcoin backbone protocol

Cryptocurrency is a type of a virtual digital currency that uses cryptography to secure its transactions and is decentralized. Bitcoin, on the other hand, was the first Cryptocurrency founded in the year 2009 by an unknown source as open-source software. The transactions are peer to peer and are verified through network nodes. A cryptocurrency exchange is businesses that give people a chance or opportunity to exchange Cryptocurrency with other goods, product or even services.

The Blockchain

The blockchain is a public transaction ledger that was to affect the decentralization of the Bitcoin system more so in preventing double-spending. The ledger is maintained by miners who are anonymous participants whose work is to approve transactions and in turn, are rewarded with bitcoins. Blockchain requires miners to solve a cryptographic puzzle in order to generate a new blockchain.

Bitcoin Protocol

The bitcoin protocol is a set of rules or regulations that govern Cryptocurrency exchange; the main problem facing the exchange is double-spending. Double spending occurs when the fraudster credits an account receives the services or the goods agreed upon and manages to organize the Blockchain so that the transaction is reverted. At this point, the fraudster keeps the bitcoins as well as receives the goods or services.

The best cryptocurrency is one that is decentralized, this means there is no central control/authority of the transactions it should also know when to produce new cryptocurrencies and when not to and lastly should be able to distinguish ownership between different players.

Bitcoin, or for that matter, cryptocurrencies were borne out of the need to reinvent the banking environment. With a faster turn around time and impregnable security, it soon became the darling of the tech community.

It is imperative for Bitcoin to maintain authenticity.

Also, the BA (Byzantine Agreement) is built on the terms of the bitcoin backbone protocol and is based o the POW assumption. Every Blockchain has its participants and each participant is required to give input into the Blockchain and a Blockchain becomes authentic only if it contains {0, 1}. When the blockchain reaches sufficient lengths the honest parties read the k elements at the end by pruning and retaining the remaining as part of the blockchain. This ensures the majority of the blockchain originate from the honest parties.

The essence of a crypto transaction is the ease of usage. It is this that has catapulted Bitcoin into the behemoth that it is.

Digital Currencies

Banking has been around for thousands of years, in different forms. From bartering animal skin to gold, banking has evolved to what it is now: a robust system with an infrastructure that is both widespread and impressive. However, over a period in time and with various exigencies, the process of banking has become more officious and rudimentary. Bureaucratic oversight has increased and that has meant more paperwork, fees, and delays. Though it should be mentioned that brick and mortar banking institutions did play its part in increasing efficiency and making the entire process more tech-centric, it remained shackled to its legacy, thereby, limiting its scope.

In such times, arose the concept of blockchain and riding on it, the cryptocurrency. It was simply a digital currency with no tangible form.

What is Digital Currency?

Digital currency is a form of currency that is available only in digital or electronic form, and not in physical form. It is also called digital money, electronic money, electronic currency, or cybercash.

What are the advantages of Digital Currencies?

  • Digital currencies are currencies that are only accessible with computers or mobile phones, as they only exist in electronic form.
  • Since digital currencies require no intermediary, they are often the cheapest method to trade currencies.
  • All cryptocurrencies are digital currencies, but not all digital currencies are crypto.
  • Digital currencies are stable and are traded with the markets, whereas cryptocurrencies are traded via consumer sentiment and psychological triggers in price movement.

A sneak peek

Digital currencies are intangible and can only be owned and transacted in by using computers or electronic wallets connected to the Internet or the designated networks. In contrast, physical currencies, like banknotes and minted coins, are tangible and transactions are possible only by their holders who have their physical ownership.

Now since digital currencies have no tangible form, counterfeiting it is impossible. This brings down the attempt to make fraudulent transactions to near-impossible levels.

Like any standard fiat currency, digital currencies can be used to purchase goods as well as to pay for services, though they can also find restricted use among certain online communities, like gaming sites, gambling portals, or social networks.

Because of such inherent advantages, digital currencies have become a rage among new-age tech enthusiasts the investors, who are ever on the lookout for greener pastures. Bitcoin and its ilk have fashioned a revolution which is the future we would love to believe in.

TRON and the disruption it offers

TRON is a project that aims to disrupt the online content market. It aims to empower the user to decide on the content one would want to watch. Hence, it focuses more on the entertainment distribution network. It basically wants to create an environment where the user-created content will be shared as per the choices the creator makes. This way, they are able to eliminate intermediaries and middlemen who make more gains over what other people create simply because they provide the platform.

Creating value for content makers is a major step in the project’s agenda as it transforms how the world interacts through the internet space. Disrupting this economy brings about one major benefit – freedom from censorship. TRON investment has a long-term advantage. As the world continues in the decentralized direction, platforms like this remain on top of the CDN industry. Another important feature is that it is cross-blockchain compatible with other networks.

The current market rate of TRON is $0.0133 with a potential profit percentage rise if almost 162%.

To buy TRX is quite a simple exercise as it is listed in more than 20 cryptocurrency exchange platforms, which makes it an extremely popular token and it is also being paired more with BTC and ETH. Very few exchanges allow trading with USD and USDT. To buy, you simply need to register on any of the exchanges that list the crypto-asset, then purchase using BTC or ETH as the case may be.

Once the coin has been bought there are two different storage options to choose from:

1) You could decide to store on a web wallet like Myetherwallet (since it’s an ERC20 compatible token), or on exchanges where they are listed. More so, there are some mobile wallets, that can also be used, so it’s safer to transfer the asset to a mobile wallet than to store it on exchanges.

2) Another option, which is the most secure one, is the use of a hardware wallet like Tezor or Ledger Nano S, which provides more security to crypto assets. With the arrival of TRON, the ownership landscape is bound to change. There will be more freedom attached to creativity as a third party hold will reduce drastically. This will hold good for the online entertainment industry. Blockchain and the advantages it brings to provide a level playing field both among the consumer and the platforms that provide the space.

Daedalus Wallet Review

So while the world is going Ga Ga over Cardano and its many disruptive features, one big feature they are absolutely overlooking is the wallet that stores the Cardano tokens. Daedalus.

Daedalus, is the optimal wallet that is used to store ADA coins.

What is a wallet?

The online wallet isn’t the same thing as the leather one in your pocket, though they function similarly. Digital wallets store digital money or cryptocurrencies.

Each cryptocurrency needs a wallet compatible with it. One cannot store any digital currency in any wallet. You also need to choose between software and hardware wallets. Software wallets are online applications, while hardware wallets are a separate device that can be connected to a computer via USB. One such wallet is the Daedalus wallet. It is a software which is compatible with Cardano and our review today will throw some light one it.

What is Daedalus?

Daedalus is the name of the wallet that is compatible with Cardano. You may ask what is Cardano? Well it is among one of the most  respected of cryptocurrencies in the world. And the only wallet supporting it is Daedalus.

It was developed by the Cardano network to provide the highest form if encryption to its users. Daedalus is also a multi platform web-based device. That would mean it can be accessed from anywhere making truly democratic in its functionality.

Daedalus has gained immense popularity within a pretty short span in time because of the wide range of features it offers users. Users can manage the wallet easily and securely using several high tech features. Organizing and recovering funds are also easy. This convenience and ease of use makes Daedalus such a well known Cardano wallet. Also the fact that its multi platform makes it even more of a darling of the Cardano community.

On an extremely basic level, Daedalus is similar to any other cryptocurrency wallet. It lets you store data like private keys for easy access. Also, since Daedalus is an online wallet, it is much easier to use compared to a hardware wallet. You can access the account from any platform and browser from anywhere in the world for instant access to funds.

The three main criteria that Daedalus meets are Protection, convenience and instant service. This what makes it one of the best wallets in the cryptocurrency universe.

Cardano Foundation is based in Switzerland and was founded in 2015.

How to buy XRP on upholding?

Uphold is one of the most popular wallets to have hit the market. It is also one of the early wallets to launch full support of XRP.

So how does one buy XRP on upholding?

Before we delve into the process pertaining to buying XRP on Uphold, let us quickly look at the advantages a user can get by using an Uphold account.

  • As an Uphold member, or can deposit/withdraw XRP instantly from any external XRP ledger address.
  • Buy XRP instantly through its numerous/ funding methods: bank transfer, debit/credit card, and seven other supported cryptocurrency network rails.
  • One can also convert XRP between any of the 30+ supported currencies within their Uphold wallet
  • Hold XRP within their Uphold wallet

So let us now have a look at how to buy XRP on Uphold:

  • Login to the Uphold account
  • Select the action you wish to undertake. You can add card or currency.
  • Select XRP for this is what you are looking for.
  • Once you have created, you can go ahead and fund your XRP card.

How do you do it?

Fund via ACH and Lock in the current market rate.

It takes around 5 to 7 working days for the transaction to get completed.

Fund via SEPA

This will take 3 to 5 days for the entire transaction to complete.

One can also use the credit or debit card to USD/EU card and transfer to one’s XRP card.

Buying XRP used to be a difficult proposition. With the advancement of technology, exchanges had begun to add more cryptocurrencies to their list. XRP was added to their list. Exchanges like Coinbase and Binance have added XRP to their transaction chart.

Cryptocurrency, as per financial analysts, is the future of financial transactions. Based on blockchain technology, cryptocurrency helps quicker turnarounds and almost nil transaction fee. Also, there is no third-party oversight. Because of this feature, it has become an extremely popular model.

The appearance of Bitcoin changed the crypto scene. Following it were Litecoin, Ethereum and Ripples or XRP. With it a propensity to surprise, cryptocurrencies have become a darling to investors. And with greater innovation, a magnet to techies and nerds. As per a Twitter poll, 51% of respondents wanted XRP to be a part of Uphold. XRP can be exchanged with any other cryptocurrency at no extra fee. Uphold is already working on the next phase of integrating the XRP system with theirs.

Lost and Found

Cryptocurrency, as the name suggests, is a cryptographically secured currency, fully virtual by nature. It is based on the blockchain technology and is turning out to be a major disruptor in the field of financial transactions.

The transactions in cryptocurrency usually take place through wallets which are secured through passwords, one has to, you guessed it right, remember. And the unthinkable happens. You have a brain freeze, and the password to your wallet, which I believe had a substantial amount of coins, in it, is forgotten. Poof. Gone. So what is the way forward? How do you get back access to your wallet? Before we get to that, let’s understand what is a Bitcoin wallet?

The Bitcoin Wallet

A Bitcoin wallet is simply a collection of Bitcoin addresses and it stores the key to those addresses. Important to know that there are quite a few types of Bitcoin wallets, each having its own level of security. There are desktop wallets, mobile ones as online services.

Now, what happens if the password is forgotten and your service provider is not able to help you out.

A quick guide to a few things you can do:

  • Make an attempt to log in with every possible password combination you remember using or probably have ever used.
  • Make use the 12-word Wallet Recovery Phrase to create a new wallet. It will contain all the Bitcoin addresses and balances of your previous wallet.
  • If everything fails then as a last resort use a password cracker to hack your wallet. This is not advisable at all as the first solution though. Last resort I did say.

Brainwallet! What about it?

A brainwallet is nothing but a cryptocurrency key, created by the user itself, through the password or passphrase. The key is then transformed into a 256-bit number based on the SHA-256 hash algorithm. Now since SHA-256 is a deterministic method, users can always use the same password to recreate their private key. However, now there is one thing you need to take care of: using this method would mean security of your Bitcoin wallet would now depend on how unpredictable your password would be.

Final Verdict

Quickly get hold of the latest file of your wallet

A list of all the probable passwords that could be

A CPU that imitates Flash Gordon or someone quicker

A good amount of time to be spent

And of course, patience.

However, do not forget the password cracking tool. Two of the best right now are John the Ripper and Hashcat.

Having known the methods to recover your password, go invest.