Many users who are interested in cryptocurrency know about the existence of the Binance exchange. But not everyone knows that this project has its own token. We are talking about the Binance Coin cryptocurrency. This coin was released on the Binance ICO. The more the exchange becomes popular, the more expensive the token becomes.

About Binance Coin

The Binance Coin blockchain is a marketplace that provides users with the ability to safely and conveniently exchange digital currencies. Binance Coin is a token of the Binance exchange. But it has a lot in common with other altcoins, because this cryptocurrency has the ability to take part in exchange for other assets and is subject to volatility. Binance Coin at the first stage of creation was developed on the Ethereum blockchain. But since 2019, the coin has acquired a personal blockchain. This cryptocurrency is designed to perform the following functions:

in the form of an asset for conducting trading operations;
in order to reduce commission fees;
in the form of a means of payment for payment for goods and services on those platforms where Binance Coin is accepted.
There is an increased interest in item number two among many users. In order to reduce the size of the commission, the coin can be used only during the period that is the first four years from the moment the cryptocurrency itself was developed. That is, the discount is valid only until 2022, while its size will decrease slightly every year.

Binance Coin, since it is developed on the Ethereum blockchain, has many characteristics in common, including the consensus algorithm and encryption. Buying Binance Coin is the only way to get the coveted coins, because mining of this cryptocurrency is not provided by the developers.

How is Binance Coin created?

This cryptocurrency was created relatively recently - in the spring of 2017. Despite the fact that this is a fairly new project, it managed to gain significant popularity. The coin is relevant through the use of exchange instruments that were purchased with digital money. This cryptocurrency is a fairly promising development, since there is a high investor interest. In the early stages, the developers managed to raise $ 15 million. If we consider this figure in comparison with the leading companies that have managed to earn billions of dollars, then the amount of Binance seems small. The developers managed to get the greatest support mainly from investors who live in China. Based on the information presented on the network, the collected funds were distributed as follows:

50% was spent on promotion and advertising campaign;
40% of the company "reserved";
10% was received by investors of venture funds.
Binance Coin was developed by a group of Chinese programmers. The main creator is considered Changpen Zhao. This project is not the first in his life in the field of blockchain technologies, as he previously had experience in creating a platform. Changpeng Zhao is respected in the crypto community. The project manager is actively communicating with users, during which a discussion of the future project and planned innovations is carried out. Each user has the opportunity to write to him.

Binance cryptocurrency exchange has a high level of security and high processing speed. By creating a digital currency, the trading platform will be able to take a leading position in the digital sphere due to the implementation of the fastest possible transactions and reliable storage of assets.

Users who purchase Binance Coin can also become owners of certain discounts within this marketplace. We are talking about fees for conversion and withdrawal of funds, as well as other types of commissions. Discounts are offered to users in different sizes, which depend on the period of token purchase. If a user owns Binance Coin for one year, he can expect a discount of half of the total payment. Each subsequent year, token holders will be able to reduce the required payments to the minimum, but after the fifth year, the accrual of bonuses is canceled.

Binance Coin Features

The future of cryptocurrency depends largely on how rapidly the Binance exchange itself will develop. The reason is that without the presence of a platform, the meaning of the direct existence of the coin itself is simply lost. It should also be pointed out that today Binance demonstrates excellent development indicators. It is the second largest crypto exchange and is very popular with traders. The reason for the demand lies in the presence of small commissions and the fact that it is not necessary to go through the verification procedure without fail.

It should also be emphasized that thanks to projects such as Chain and Launchpad, which were created relatively recently, user confidence has significantly increased. This not only improves the reputation of the exchange, but also increases the value of Binance Coin. The founders are doing everything possible to expand the use of coins. The creators of the project regularly negotiate with trading platforms so that this currency can be used there as a means of payment. This means that the number of platforms where Binance Coin can be settled is growing rapidly.

But do not forget about 40% of the coins that are owned by the developers. If we take into account the so-called "burning" of tokens, then this very concentration increases significantly. If the founders decide to use reserves to manipulate the course, negative consequences are possible.

Is Binance Coin Infinite?

Binance crypto exchange tokens are used as a means of payment for paying commission fees on the exchange itself. In addition, their purpose is to trade with other cryptocurrencies. It is also necessary to highlight such an important point that the purchase of Binance Coin gives you the opportunity to participate in IEO, thanks to which you receive higher partner rewards. Recently, the use of coins of this cryptocurrency has increased in order to pay for various goods and services. A total of 200 million coins were issued, and the creators of the cryptocurrency plan to buy back and burn exactly half of the tokens in the near future.

Binance Coin Strengths

Binance coin was originally created to trade directly on the exchange. However, thanks to the implementation of innovative solutions and modern techniques by developers, users have the opportunity to use the coins of this cryptocurrency to pay for all kinds of goods and services. The coin is absolutely solvent, like Bitcoin and Ether. And although it is not yet accepted at all sites, the developers are trying to eliminate this drawback, since the team of creators has grandiose plans to bring Binance Coin to the market leader.

At the moment, the security of the project is well organized using the most modern ciphers. Thanks to this, users can carry out transactions without any fear, because third parties do not have the opportunity to find out additional information either about the owner of the crypto wallet, or about the amount to which the funds were transferred. In addition, making transactions using Binance Coin is beneficial for users, as there is a minimum fee for transfers due to the discounts provided. Those wishing to purchase coins should be aware that since tokens were created as a digital mechanism that is designed to provide discounts to users of a particular exchange, it is quite understandable that these coins are freely available for purchase only on that exchange. It is possible to buy coins only for another cryptocurrency, because this service does not work with fiat funds.

Binance Coin in TOP currencies

It should be pointed out that the basis for the development of the Binance Coin cryptocurrency is the success of its exchange. In the event that developers plans for the transition to a decentralized basis are implemented, this digital currency has excellent potential for growth in the form of assets for the trading platform.

This cryptocurrency, like all others, is subject to inflation. But the creators took this moment into account at the beginning of development. When analyzing the prospects for Binance Coin, many experts pay close attention to factors such as declared deflation and partnerships. In the first case, it is planned to develop a mechanism for the destruction of coins using the following algorithm:

the planned emission will be 200 million coins;
part of the profits received by the developers will be invested in the acquisition of their own assets at prices indicated on the market, after which they are supposed to be destroyed and withdrawn from circulation;
after making each such purchase, the value of the coin increases significantly, but the total quantity becomes smaller, which has a positive effect on the value indicators;
the creators plan to withdraw half of the coins from circulation, after which it is planned to stop their volume at the level of one hundred million.
As a result, the value of assets rises significantly. This cryptocurrency is considered one of the most promising. There are many reasons for this, including:

the cryptocurrency has high liquidity indicators, since trading is carried out in a pair with more than 400 coins;
the price of Binance Coin grows in the long term due to the decrease in supply, that is, the burning of coins carried out by the creators of the project;
providing an opportunity to reduce the amount of commission payments in trading, because the owners of Binance can both open and close transactions on the exchange with a lower commission (currently by 25%) than for other users;
since 2018, users have been given the opportunity to pay for services and goods, since this cryptocurrency is accepted at more than 150 different trading platforms.
Despite the significant advantages that this project has, there are certain disadvantages, which should be mentioned separately:

there is an impressive concentration of tokens in the ownership of the founders, which implies the presence of significant risk in the further implementation of price manipulations for their own purposes;
the main place where there is an opportunity to buy the Binance Coin cryptocurrency is the Binance exchange, and there are not enough other platforms.
From the above information, we can conclude that this cryptocurrency has impressive potential, so it is no wonder that it is popular among users. As of December 2019, the capitalization of the currency is equal to $ 2,416,753,291; it itself ranks 8th in the list of the most popular cryptocurrencies. Due to the fact that coins play an important role, market demand is likely to increase in the future. If we take into account the periodic burning, it is safe to say that in the future the size of the course will only increase. Therefore, many experts recommend this cryptocurrency for long-term investment. Do not be afraid that the value falls from time to time, because this means that very soon a great time will come to open positions. The prospects for Binance Coin are quite bright, so it would be an excellent solution to have these coins in your crypto wallet, because there is a high probability of making good money on this.

Electronic money is gaining more and more popularity today and is slowly replacing the usual currency. Of course, this does not happen everywhere, but there are a number of countries that have already adopted crypto as a full-fledged means of payment.

Relatively recently, such a crypt as Bitcoin SV has appeared. Despite the fact that the currency is very young, there is already a lot of hype around it. The fact is that it owes its appearance to a hard fork. That is why in the first weeks after its enchanting appearance, the currency was in great demand and literally exploded stock ratings. A different trend is observed today. There is a gradual decline in interest in this crypt, and as a result, its rate also decreases. But this is quite normal and expected after a hard fork. What is this cryptocurrency, why is it needed and what future is it foreseen? Is it worth making deposits or is it still better not to rush into investments that are associated with Bitcoin SV? Lets figure it out together!

About the Bitcoin SV project

After the appearance of this crypt on the market, conflicting rumors began to circulate about it. One thing was clear: everyone knew how the cryptocurrency appeared, but few understood what would happen next with it and what to expect. Simply put, Bitcoin CB is nothing more than a form of BCH. It has no special innovations, it is not intended for any specific purpose and has no particular focus. The main purpose of the coin, like other forked currencies, is to preserve the essence of Bitcoin, while ensuring the large scale of the coin. By the way, many experts in this field claim that SV is Satoshi Vision, translated as "Satoshis vision."

Despite the release of CB, the developers are still loyal to the ideas of Bitcoin Cash. The main priority for them is to keep low transaction fees, ensure complete security, create the best possible conditions for everyone who makes a living by mining, as well as investing. In general, the main idea is to scale the project as much as possible. And Bitcoin SV is nothing more than the main tool for achieving these goals.

How is Bitcoin SV created?

As noted, the history of Bitcoin SV is quite interesting. The fact is that the fall of 2018 was marked by an important event - a large-scale hard fork. It resulted in the emergence of two cryptocurrencies that differed in fundamentally different ideologies. Speech, as you might have guessed, about BCHABC (Bitcoin Cash ABC) and Bitcoin SV. The first is the brainchild of Roger Vera. The main idea that guided him when creating the crypt was the development and rapid implementation of decentralized applications and gateways that would allow transactions between radically different blockchains. This crypt is rightfully considered the legal successor of Bitcoin Cash. From a technical point of view, BCH tokens are nothing more than BCHABC.

The second crypt is Bitcoin SV. Its leader is Craig Wright. In his opinion, the problem of scalability deserves special attention. That is why he threw all his efforts into increasing the size of the block. In addition, Craig dared to make a bold statement that only his bitcoin is real, and the name of the coin is very consistent with this - Satoshi Vision.

We repeat once again that from a technical point of view, Bitcoin SV is the same BCH, only its block is increased. There were no cardinally new changes or implementations. The main message is that we need to create a global network in which it would be possible to make fast, safe and cheap payments. At the same time, Wright denies any smart contracts and decentralized applications. This, according to him, completely contradicts the concepts of true bitcoin.

Be that as it may, only one fact remains true - the new crypt managed to quickly attract everyones attention. For those who hold BCH, new tokens were automatically transferred to their accounts. The rest, wanting to become coin owners, must either buy Bitcoin SV or mine.

Speaking about the history of the appearance of these coins, one cannot but touch upon the question of their differences from another crypt. So, if we consider the fork process from a technical point of view, then it is a client of BCH. By the way, its also worth noting that the fork is the result of a strong reluctance by BSV supporters to innovate. At the same time, they did not put forward constructive alternative proposals either.

Bitcoin SV price is volatile and unpredictable. For such a short time of its existence, users have already managed to track its fluctuations: there were periods of significant growth and rapid decline. It cannot be said that since the enchanting appearance of the coin, the situation has changed a lot: almost the same is happening now. You can buy Bitcoin SV, like any other crypto, on various crypto exchanges. It is important that they are verified, otherwise you can lose your savings.

When studying the course and statistics on it, the conclusion suggests itself that there is a correlation with the course of the original bitcoin. This fact has been noticed by experts more than once. In fact, everything is extremely simple. If the value of bitcoin goes down, then the value of BSV, on the contrary, creeps up. By the way, it may well be that in the future (perhaps even faster than we think), BSV will undergo major changes. True, so far no one is watching them. However, this can continue for a long time.

It is also worth noting the positive and negative aspects of the new project. So, the following are indisputable positive features:

Substantial interest for miners. Its no secret that the cost of bitcoin has dropped significantly at present. Therefore, many miners are starting to look for alternative options for earning money. It is important that you can earn money with the help of existing equipment, because buying a new one is not a cheap pleasure, and not everyone can afford it in the second round. It is noteworthy that with the help of ASICs it is possible to mine not only bitcoins, but also BSV, which means that the prospects are quite good. True, at first, experts advise to study all the subtleties of the issue, calculate profitability. And of course, consider this option only as an alternative.
Growth prospects. The BSV authors have made quite serious and bold statements. If everything they talked about comes true, then coin rates will increase rapidly and in significant amounts. This means that the owners of BSV coins will receive really huge profits.
Excellent performance. At the moment, the coin occupies a leading position in the cryptocurrency top. You should not discount the high cost and the same capitalization. Moreover, all this is combined with the liquidity of the asset. These are attractive prospects for traders, further increasing the value of BSV.
Despite the really striking positive qualities and excellent prospects, this cryptocurrency also has some negative points, which, of course, should also be taken into account:

There is no innovation. This crypt is secondary when compared with the original. Therefore, there can be no talk of any competition with bitcoin.
Serious competition. This crypt has many strong rivals that are ahead of BCHSV on several points.
High rates of exchange rate volatility. The course is constantly changing, it is unstable. Such unpredictability can scare off serious investors and miners.
Insufficient decentralization of the network. The hashrate is controlled by only a few companies, which dictate the value of the currency, and also determine the direction in which the project is moving.
Of course, it is too early to talk about promising investments. Many users still doubt (and very seriously) about the future of this project. Now the coin makes it possible to make good quick money on price changes. But so far few people talk about long-term investments.

Bitcoin SV features

Bitcoin SV is a very young cryptocurrency, however, there is no doubt about its popularity. Today it is heard by everyone who has at least something to do with the world of cryptocurrency, electronic money, blockchains and the like. It is too early to judge how positive this popularity will be.

If we consider that this crypt is a fork of bitcoin, then it is logical to assume that its purpose is the same as that of the "older brother", namely: the crypt acts as a means of payment.

Is Bitcoin SV Infinite?

According to experts, there may be 21 million BSV, which suggests that the emission of Bitcoin SV is limited. New tokens are formed during mining, this process is no different from the technology of issuing coins of the original crypt (bitcoin). Thus, the cryptocurrency is not infinite, but there is still enough of it for the long-term plans of miners.

The principle of operation of Bitcoin SV is similar to the principle of operation of the original bitcoin. The Bitcoin SV blockchain acts as the ledger in which the block sequence is included. Each block has its own original name. The last one contains all the necessary information that concerns the previous block and the key from the next one.

The chain is created like this:

The transaction is sent to all nodes.
In each node, ongoing transactions are accumulated.
When the correct solution is found, the block is sent to all nodes.
Nodes accept a block if all operations on it are valid and complete.
Work begins on creating a new block.

Strengths of Bitcoin SV

It is not possible to say unequivocally what exactly awaits Bitcoin SV in the near, and even more so in the distant future. But the outlook for Bitcoin SV could be favorable, this is certainly not excluded. Especially if the group leader keeps his promises to modernize the project. In this case, the situation on the crypto market regarding Bitcoin SV will improve significantly.

Do not forget that at the time of its inception, the project was well equipped, its listing on most exchanges was automatic, and its popularity among traders and investors was simply stunning. The crypto even entered the top ten in terms of capitalization. Not all young cryptocurrencies can boast of such success.

Considering all of the above, we can summarize and highlight the main advantages of this project:

excellent starting conditions;
very attractive conditions for miners;
sufficiently high performance;
the scale of the project;
Grand plans.
Of course, there are some negative aspects, the main one of which is the high competition in the cryptocurrency market. At the same time, one should not forget about the large centralization of mining, as well as the reputation of the crypt, which, although young, is already involved in scandals. Experts do not write off some technical problems, in particular, high vulnerability to attacks of various kinds.

Bitcoin SV in TOP currencies

Many still doubt the Bitcoin SV forked developer will keep its promises. Most experts, as well as users, have a strong feeling that they take the success of the crypto for granted, for granted. And with this approach, something good is unlikely to come out. Although, in reality, only time will tell. How much it will take to dot the i is also impossible to say.

In view of the above, experts do not advise pinning high hopes on Bitcoin Cash SV, let alone believing that it will begin its individual development separately from the market. Despite this, the cryptocurrency is in the 9th position of the rating in terms of capitalization, which is $ 1,716,236,931. Therefore, it is up to you to decide whether or not to invest in this cryptocurrency. The only thing that can be advised is to study the information carefully, watch the market fluctuations, analyze everything. This will help you avoid mistakes, keep your finger on the pulse and make the right decisions.

There are various cryptocurrencies that are created for different purposes. Some are designed to fully replace fiat money, while others are designed to carry out multicurrency transactions of international importance. The cryptocurrency created on the Stellar platform, through the use of unique technologies, is used as a kind of transition between different digital coins in cases where direct exchange is not available. Stellar cryptocurrency enables users to carry out instant transactions with minimal fees. For this reason, this project is very popular in business circles.

About Stellar

Stellar is a kind of distributed transaction infrastructure that is open source. It is suitable for using publicly available financial instruments. Using the Stellar network, developers have the ability to create mobile wallets and various systems for making automatic payments.

The main advantage of the Stellar blockchain is the ability to issue new tokens for ICO. It should be borne in mind that writing code based on Stellar is an easier task than on the basis of Ethereum. The reason is that it is possible to use different programming languages without the need to master specialized ones for a long period.

XLM is a token of this platform, which can play the role of an auxiliary means for the exchange of monetary units. All operations are performed only through the system interface. When considering this project, one should highlight the equality of all participants. There is also maximum decentralization. The security of transactions is ensured through the use of autonomous nodes and crypto-encryption.

Mining Stellar is not supposed, because it is impossible using computing equipment. Only nodes work on creating blocks. You can buy Stellar on cryptocurrency exchanges, which are liquid platforms that not only trade using Stellar, but also work with fiat currencies.

How is Stellar created?

The very first blockchain startup of this company, which was focused on work in the banking sector, was launched back in 2012. This project was called Ripple. The project managed to attract the attention of many investors.

Jed McCaleb is one of the developers of Ripple, but for a number of reasons made the decision in 2014 to abandon further work on the project, despite the fact that he invested a lot of effort and money there. The reason was that the creator did not like the highly centralized Ripple network. He began to notice that more recently, a promising idea has become an ordinary commercial project that is focused on banking organizations and large enterprises.

As a result, Jed McCaleb launched an alternative project that worked on the basis of a similar protocol. However, there were no critical shortcomings that are observed in the predecessor. Among the main differences, one should highlight decentralization and the fact that the main goal of the project is not aimed at working with banking organizations, but at providing assistance to third world countries, non-profit organizations and small businesses. The name of the new platform is Stellar.

During the first year of its existence, if we consider the technical side, Stellar was a kind of clone of Ripple. But since 2015, there has been a transition to its own protocol, which is open source. During its development, careful attention was paid to eliminating certain shortcomings that were observed in the previous version.

As a result, we can say that McCaleb took his very first creation, thoroughly cleaned up all the flaws that had been repeatedly criticized in the crypto community, and added an improved protocol there. At the stage of Stellars creation, this project was of a non-commercial nature. Project management is entrusted to the Stellar Development Foundation, which is an independent development foundation. It should be emphasized that the founders of the board of directors do not receive financial benefits from this activity. This organization only deals with the development of the project and provides its support. To finance the work of the fund, 5% of all tokens were postponed. 2% were bought, for which the team received $ 3 million. This is a rather modest amount by todays standards, and it does not even compare with how much the creators of the previous version were able to earn.

At the time of the launch of the platform, over 100 billion tokens had been issued. This figure is fixed, therefore no additional emissions are envisaged. The company approached the distribution of coins in a rather interesting way. They did not go on sale, but were distributed free of charge in the following order:

50% went to users in small portions;
25% went to non-profit organizations;
Bitcoin holders received 20%;
5% left the developers to themselves for the needs of the project.
The tokens that were received through the collection of transaction fees are also distributed completely free of charge.

Stellar features

Stellar has taken a fairly strong position in the modern cryptocurrency market. Stellars main competitors include not only its predecessor, but also Ethereum. Thanks to this, we can safely talk about the rapid growth in the popularity of this cryptocurrency. In addition, the cheap transaction fees should be highlighted, which undoubtedly attracts users. Also contributing to the popularity is the fact that it is much easier to write code based on Stellar than in Ethereum. Users can use different programming languages without having to master a specialized language, as in the second case.

This platform was developed as a universal tool for carrying out financial transactions. It is suitable for instant exchanges between cryptocurrencies, tokens and fiat currencies. Stellars own cryptocurrency - lumens - is a kind of bridge between assets that do not have direct borrowing markets.

In addition to carrying out transactions of an exchange type, on the basis of this network it is possible to launch smart contracts, create various decentralized applications and conduct ICOs. Thanks to this, Stellar has become a worthy competitor not only to Ripple, but also to Ethereum. Through the use of unique solutions, the project attracts the attention of new investors and developers.

Is Stellar infinite?

Since this coin today is not as widespread as Ethereum or Bitcoin, it is not yet possible to buy Stellar Lumens on online exchangers. Despite this, it is possible to purchase this cryptocurrency on such popular cryptocurrency exchanges as Binance and OKEx.

If you decide to buy a crypt, then you should take into account that it will not work to make a purchase for fiat money. Initially, you will need to exchange the national currency for bitcoin or some other popular crypt. And already on them you can buy lumens. Stellar will be priced at the current rate.

As for the production of cryptocurrency, it has no serious prospects yet. A limited batch of tokens was released on the market, at the moment the developers plan to increase their number, but they do not name any terms.

Stellars strengths

Stellar is a fairly powerful tool, the main purpose of which is to make cross-border payments to different countries. This system combines banking instruments that were inherited from its predecessor - Ripple, and its own decentralized protocol.

In order to fully determine the future of Stellar, you should first familiarize yourself with the main advantages of the system:

Transactions are processed almost instantly. Unlike bitcoin, which is the first cryptocurrency and has been on the market for quite some time, the Stellar system is able to send a transfer directly to the validator. For this reason, the recipient will see the credited funds in a maximum of five seconds on his account.
Low power consumption is ensured. The reason is that there is no mining and due to the use of computing systems, tokens are not mined. The process of verifying transactions on the network is much more energy efficient.
Users note easy access. This cryptocurrency can be used to carry out blockchain transactions to countries in which virtual assets are not very popular or are prohibited by the state.
Since all transactions are carried out in a decentralized manner and exclusively on the Internet, control over the transactions made by government authorities is excluded.
Despite the significant advantages that are presented above, certain disadvantages of the system should also be pointed out:

The project cannot boast of a perfect security system. For this reason, if there is a suspicion of the likelihood of a hacker attack, users are faced with the fact that the network freezes.
Stellars value drops. Stellar inflation is equal to one percent.
Provides a small income for maintaining the nodes.
There are limited options for decentralized applications to work.
Most often, the services of this platform are used by companies that operate in underdeveloped countries located on the territory of the African continent. Today, there is an increase in the demand for this cryptocurrency, since it is much easier and more profitable from an economic point of view to launch an ICO on a specialized XLM platform than on Ethereum. These advantages were appreciated by the creators of young blockchain projects.

Stellar in TOP currencies

There are both positive and negative forecasts for Stellar cryptocurrency. Therefore, it is safe to say that its future will largely depend on the competitiveness of this project, to what extent its proposals will be more in demand than those presented by competitors. As of December 2019, the capitalization of the currency is $ 1,029,193,610, and in the currency yield rating it is in 11th position. The most popular service that Stellar offers to users is cheap and fast transfers to different countries. This is one of the main advantages of this project, because it is in this niche that XLM has no competitors at all. There is an active development of this project, as the development team regularly introduces new technologies. In addition, the creators are actively working to eliminate the shortcomings.

Stellar Lumens cryptocurrency is a pretty serious project in terms of market coverage. But at the same time, many experts do not recommend counting on the growth that was observed in the Ripple company. Despite the fact that the presented project is more perfect, Ripple is supported by banking organizations and many large corporations, whose numbers are increasing.

Despite this, analysts say that cryptocurrency will rise in the near future. Already today, the project is one of the ten world cryptocurrencies, which occupy leading positions in terms of capitalization. This attracts the attention of investors, many users want to buy Stellar. However, as a short-term investment, it is better to take a closer look at other projects, since in this case one should not expect big profits. But the presented development is promising, and, for sure, the main victories are yet to come.

Despite the greatness and leadership of coins such as Bitcoin and Ethereum, the world of cryptocurrencies does not end there. Developers create systems for different areas in the field of electronic money. The Chainlink cryptocurrency has become a prime example of promoting smart contracts. The article will consider the principle of operation, the history of origin and important features of the existence of the system.

About the Chainlink project

The popularity of the Chainlink cryptocurrency is directly related to the development of smart contracts that can maximally facilitate financial relations between users within the network. Developers based on the cryptocurrency were able to create a dispersed network of oracles, which was named Link. Due to it, contracts of bitcoin and other systems can connect to paid applications and conduct financial transactions.

Oracles are special software that allows access to the network and ensures the correct execution of its functions. They help to carry out transactions between two users without an intermediary, but only if all the terms of the contract have been met.

Link is a network that creates secure access to smart contracts. System managers provide services for creating smart contracts for coins in the Link system. Lets take a closer look at what it is.

Thanks to smart contracts, users have the ability to conduct any financial transactions without intermediaries and regulatory authorities. Experts say that the most difficult and widespread problem of such a service is the ability to connect it to services that operate on traditional payment methods. The oracle network facilitates connectivity with Bitcoin or Ethereum.

Chainlink history

Chainlink can be safely called a decentralized cryptocurrency, the source code of which is in the public domain, and the technology is software. There are 2 leaders in the team of creators. These are the director Sergey Nazarov and the head of the technical part of the project - Steve Ellis. The rest of the specialists act as consultants. These include Ari Juels, who works in blockchain technology, Hudson James and Andrew Miller, who have participated in many similar projects.

The story of the emergence of Chainlink erupted into a loud scandal among users. The collection of investments lasted only 10 minutes, due to the incorrect presentation of information for potential investors. A system crash occurred and the recipient address was opened later than planned. During this time, many users have already sent the required contribution in Ethereum coins. The forum erupted with angry comments to which no one responded.

Despite the further correct operation of the service, the Chainlink team will always remember this unpleasant incident, which nevertheless managed to spoil the reputation of the system a little.

How Chainlink works

Any system user who has a file with information about goods or a payment system can add them to the contract for exchange for coins. Chainlink partners with Bitcoin and Ethereum, and customers are rewarded for operating the oracles.

The principle of the system is to divide it into 2 parts. It is a blockchain within a blockchain and an external chain. They are necessary for interaction with each other in order to deliver services on the network. The main task of the system is to provide the correct operation of oracles, regardless of additional factors. According to the creators, smart contracts must match the information provided on them in order to avoid financial disasters.

Chainlink issues coins called Link, which are designed to collect information offline. This provides a safe mode of operation due to the formation in the blockchain format. To be able to use a smart contract through the Chainlink node, you need to pay for the Chainlink Node operator using Link coin. Link tokens are created to make payments for services outside the blockchain and are used to compensate for the needs of the network.

To determine if there will be a wide demand for such services, it is necessary to start testing the system. In the event that the number of users does not reach the norm, the coins will practically depreciate. Chainlinks management has issued 350,000,000 coins. Tokens are distributed in the following ratio:

Foldsal will be 35%;
system launch - 35%;
30% will be spent to cover development costs.
Chainlink node operators act as sellers of services or payments and are rewarded with Link tokens.

Chainlink capabilities and features

At the moment, the main feature of the system is considered to be cooperation with such large and eminent cryptocurrencies: Bitcoin, Ethereum, HyperLeger. The creation of a common oracle system with full blockchain interoperability speaks to the long-term prospects of the Chainlink system. The oracles will help get blockchain technologies mass distribution, which will be the basis of financial transactions in the future.

Chainlink smart contracts contain 3 main functions:

Oracles reputation assessment program. The user can choose the option with the best performance, be confident in the accuracy and security of transactions. Oracles giving incorrect information will be significantly reduced in rating.
Software that allows you to recruit the required number of oracles to draw up smart contracts.
Collection of information on contracts. This allows us to highlight general answers and recommendations for this area of activity.
It is the availability of smart contracts that makes the Chainlink system stand out from other cryptocurrencies. In recent years, Chainlink can claim to be one of the most successful.

At the beginning of 2019, the value of the coin was $ 0.40. Experts believe that the token was able to overcome the value of $ 2 per coin thanks to cooperation with Google Corporation. They want to use smart contracts based on the Chainlink system in their work. The very first news of a collaboration with Google has raised the cost of cryptocurrency by half.

At the moment, the opinions of experts differ. One side believes that Chainlink is quite capable of growing by 450% in the long term, while the other is confident that the system may fail, as it is now being greatly stretched by users.

How Chainlink is created and how to get it

Chainlink cryptocurrency is not available for mining. The system works exclusively to provide high-quality services in the field of smart contracts, therefore, the coin can be purchased through the use of smart contracts based on Chainlink technology in its field of activity. For this, the user will receive a reward in the form of Link crypto coins.

This format is a good additional income for people who have their own business. There is also an easier way for investors. Chainlink cryptocurrencies can be purchased on special exchanges without much difficulty. The largest volume of sales comes from Bitcoin, Ethereum and Tezer. These are the most affordable options for purchasing Link coins.

The global goal of smart contracts from Chainlink is considered to be implementation in almost all areas of activity due to convenient use and providing a high degree of protection. Developers are trying to create a dispersed network using blockchain technology that will work reliably and without major disruptions. This system will allow for a high-quality combination of smart contracts with the following objects:

various APIs;
important external resources;
bank payment systems;
sources of information.
The Chainlink system is thus of little interest to miners. Investors and businessmen can see it as an alternative to other cryptocurrencies thanks to its good characteristics and powerful partners.

Chainlink strengths and weaknesses

All cryptocurrencies, regardless of their value or popularity, have pros and cons of their use. The advantages of the Chainlink system include the following factors:

The system remains decentralized with all the functions and capabilities related to smart contracts.
Fast execution of any types of transactions, without errors, delays and large commissions.
Using Oracle in financial transactions that eliminate the need for intermediaries and ensure the security of transactions.
Reward with Link crypto coins for each transaction carried out.
All data is carefully checked for errors and omissions. The risks of getting incorrect information in the system are minimal.
All the above arguments speak of the prospect of the stability of the Chainlink cryptocurrency, but there are also a number of drawbacks that can affect the progress of the system. Among them:

Financial transactions do not have a working process. If the wrong address is entered, the funds will not be refunded, so users should be more careful.
The focus of the system on solving the problems of smart contracts does not allow full scaling of the project.
The unavailability of the Chainlink system to overloads that will lead to a crash in the program.
Such problems are not considered critical; with the proper approach, they can be solved without losing a large number of Chainlink users. Collaborating with Google and attracting large investors should be a good motivation for developers to eliminate all the shortcomings.

Chainlink in the TOP currencies and further perspective

On the day of this writing, the Link cryptocurrency rate is $ 2.24, and the cryptocurrency is ranked 16th in terms of capitalization, which is approximately $ 800 million. At the moment, about 350 million coins have been issued out of a billion possible. Due to the ability to pay bills in the system with Bitcoin or Ethereum, Chainlink remains a popular system in the cryptocurrency market.

Predicting the distant future of Chainlink is problematic. Many experts associate it with bitcoin, on which the Link rate will depend in the future. The prospect of the system is to continue its activities to create safe and convenient smart contracts, which can soon occupy their niche in the global economy and become its irreplaceable part.

Whether it is worth investing in Chainlink, each user decides based on their plans and goals. It should be understood that the system is highly dependent on bitcoin, and this can both bring good efficiency from investment and lead to the loss of part of the capital.

Conclusion

Chainlink is hard to compare with a number of ordinary cryptocurrencies, the main purpose of which is investment and mining. The system was created with other tasks, which, if properly implemented, should simplify financial relations between users and make them more secure. However, this is a very highly specialized area that cannot guarantee 100% good results.

Chainlink cryptocurrency is more suitable for long-term investment and the likelihood of growth in the long term is quite high. If the developers manage to translate all the ideas into reality, then Chainlink will be widely used in the field of blockchain interaction with global non-cryptocurrency payment systems.

Unus Sed Leo is one of the new cryptocurrencies, which is the brainchild of the largest exchange Bitfinex. However, most of the community associates it with scandals, and experts express concern about the prospect of the coins development. Regardless, Unus Sed Leo is safely at the top of CoinMarketCap and has grown by 80%. In this article, you will have to figure out what this crypto-coin really is, find out the history of its origin and outline the prospects for further development.

About the Unus Sed Leo project

The first thing that specialists associate with Unus Sed Leo is a big scandal related to the creators of the coin. The fact is that the New York prosecutors office has indicted Bitfinex for concealing more than $ 850 million. This led to panic among users of other cryptocurrency systems, including bitcoin.

In turn, the managers of the Bitfinex exchange notified the community that the funds were not stolen, but temporarily frozen, and will soon be sent to the project. To regain customer confidence, its own coin was launched - the Unus Sed Leo. It is a component of the Leocoin system. The main task of this decentralized system is to store information about transactions carried out on clients personal computers.

The principle of Leocoin is the process of transferring funds from one participant to another without being controlled by the central authority of the system. This helps to eliminate unnecessary costs and commissions, but also significantly increases the risks of fraud. The blockchain has in its structure certain functions aimed at security, protects users funds, and also guarantees the safety of all information about transactions between them.

The main purpose of the token issue was to replenish the budget through profit. The management planned to spend 27% of the monthly profit on the purchase of tokens and burn them, and with the proceeds to close financial gaps in the budget. In case of failure, Bitfinex would cover the costs with the net profit from the project. In order to restore customer confidence, all information was posted on the site for free access.

Another direction was chosen to determine discounts on commission fees for owners of Unus Sed Leo coins. Discounts depend on the amount of investment in the coin. So, if there are more than 50 million usd in LEO coin, a 25% discount is provided on all commissions and exemption from exchange fees. The coin is moving into active use in new emerging services, providing cost-effective solutions for cryptocurrency owners. It can be considered a completely internal development of the exchange, on which profit can be obtained through the profitable sale of tokens when the rate increases.

Unus Sed Leo features and features

The Unus Sed Leo cryptocurrency can be classified as both a service coin and an investment one. As mentioned above, the manufacturer is going to redeem all coins from users. This can lead to a rapid increase in its value. At the moment, the exchange has not started buying the coins.

This approach generates user demand for the Unus Sed Leo. It is noteworthy that the issue of coins was carried out by two blockchains, of which the share of Ethereum is 65%, and EOS is only 35%. This enables LEO developers to work with the coin in two systems, if necessary, transfer cryptocurrency from one to the other.

At the same time, the standard features that are usually used in the blockchain cannot be applied due to the fact that the coin is considered highly specialized, designed to increase the popularity and image of the Bitfinex exchange. The main goals of such an unusual specialization of LEO for the cryptocurrency industry are called by the developers:

replenishment of the exchange budget;
providing additional services to investors;
progress in blockchain technology and cryptocurrency systems.
The possibility of increasing the rate is primarily possible by reducing the number of coins in the system when some part of the cryptocurrency is burned, which the owner himself will gradually buy back. All of these privileges allow developers to talk about stability and observe a high level of demand among the community relative to other known systems.

How UNUS SED LEO was created and how it works

The whole essence of LEO tokens is quite simple, this gives it a special uniqueness. Initially, the process of creating and distributing coins was very limited. No discounts and privileges were intended for any investor. Even the Bitfinex exchange itself did not get the cryptocurrency for free.

Management claims that the required launch amount was raised through contributions from domestic and foreign small investors, each of whom contributed at least $ 1 million. Some investment companies took on the main financial burden and paid the rest (over $ 100 million). During the period of exacerbated situations, the opportunity to purchase the Unus Sed Leo cryptocurrency was not available for some countries, in order to fully control the situation by the creators and fulfill the plan to repay the financial pit.

In order to regain trust and reassure users, an initiative was developed, according to which all changes will be transparent. This means that any user can get all the necessary information about the system and monitor the statistics of changes in the coin rate. The only drawback of the budget replenishment system is its deadline. According to experts, this process can take up to 50 years.

Unus Sed Leo mining and problems

The main feature of the cryptocurrency is that it is impossible to mine Unus Sed Leo under any conditions and circumstances. This can be explained by the fact that these crypto coins are issued only by the developers of the system. At the moment, all planned coins have been issued in full and are in circulation. It will not be possible to mine even with the help of PoS and PoW algorithms, because all crypto coins are sent to the sale process in a limited access mode. Tokens that have not yet been redeemed by the founder exchange continue to work in circulation.

Experts say the main problem of the LEO coin is the continuation of the proceedings with the New York prosecutors office. In case of suspension of the crypto coin, the price for it will drop to almost zero. However, the developers try to act within the framework of US legal norms, to avoid even minor violations. If the platform is confiscated, the $ 850 million in frozen assets will go to buy out Unus Sed Leo on the public open market.

An equally important problem of the LEO cryptocurrency is its vulnerability to token manipulation. Owners can lose their funds when using special programs, despite the well-built protection of the platform. This nuisance significantly affects the companys image and requires immediate settlement.

The only way to buy coins or sell them are cryptocurrency exchanges. The largest volume is on the exchange that created it - Bitfinex (about 75% of all capital). Both on this and on other sites, experts advise first to go through the verification of the account if the user is going to work with the LEO coin in the long term.

Unus Sed Leo strengths and weaknesses

According to the reputable source Etherscan, there are only about 2,000 cryptocurrency users. This suggests that it is convenient for developers when the capital of their project is concentrated in a limited number of individuals. Experts call the following advantages of the LEO cryptocurrency:

support for cryptocurrency by a popular exchange that has a high reputation despite legal proceedings;
positive dynamics of rate growth;
attracting traders with good motivational discounts;
no LEO emission, which excludes inflation;
developers using part of the profit to pay off debt.

Considering that the Unus Sed Leo has a non-standard purpose, its dynamics are quite stable and attracts large investors who, in the future, can help the cryptocurrency rise an order of magnitude higher. But nevertheless, it is worth identifying some of the disadvantages of the system:

there is no open access to communication with developers;
is the coin a tool for achieving user loyalty? has no other development ideas;
scandals around the founder exchange;
owners of cryptocurrency are confidential.
Almost all the disadvantages can be attributed to the extraordinary purpose of the cryptocurrency, but it is impossible to completely eliminate the consequences from them (loss of user confidence, a sharp decline in the rate).

The reasons for the change in the Unus Sed Leo course and the future prospects of the coin

When the coin entered the private sale, its value was $ 1. When the Unus Sed Leo entered the market, the price was already $ 1.15. Over time, the rate even rose to $ 1.35. At the time, the cryptocurrency was ranked a distant 271st in CoinMarketCaps ranking. Following the announcement of the listing procedure, Leo jumped sharply to 1.98. This figure remains the maximum on the day of this writing. The project capitalization exceeded $ 1 billion.

Unus Sed Leo entered the top 20 of the CoinMarketCap ranking. There are several reasons for this positive dynamics:

loyalty program;
image of the founder exchange;
interest of large investors.
The Unus Sed Leo correction phase, surprisingly, did not lead to a depreciation of the coin. All these reasons characterize the LEO cryptocoin as a stable and competitive unit at its level.

Many experts believe that the full potential has not yet dried up; it is definitely worth trying to benefit from this. The rate should rise noticeably if the dynamics do not undergo the consequences of the next correction. But throughout the entire time, it never sharply lowered the cost. Therefore, investments in this cryptocurrency are quite justified today.

Cryptocurrency exchange Bitfinex, as the creator of the coin, is also very interested in progress. She needs not only to compensate for the damage associated with the theft of funds, but also to restore the reputation of a reliable company. Developers confidentiality and unwillingness to engage in constructive dialogue with members of the entire cryptocurrency community can prevent developers from achieving these goals.

At the moment, the conflict with government authorities has not been resolved. The developers claim to have obvious advantages over bitcoin, but no actual confirmation has been provided so far. The facts are quite contradictory, the responsibility for the choice lies individually with the potential user of the coin.

Conclusion

Summing up, Unus Sed Leo can be characterized as an interesting and stable project, surrounded by several serious problems, without the solution of which the development prospects may significantly decrease.

According to experts, to achieve success in Unus Sed Leo, care and trading experience is required. Coins should be sold as soon as there are factors that indicate a sharp drop in its value. For newcomers, it is recommended to wait for the decision of the situation with the prosecutors office, only then invest in cryptocurrency. Traders who have been working with the exchange for a long time can get pleasant discounts for themselves on 5-10% of their investments in Unus Sed Leo from their capital. As in relation to other cryptocurrencies, the user is advised to make the decision on investing independently.

Monero is often compared to the most popular cryptocurrency - Bitcoin. But they have a number of significant differences. So, Monero has much more confidentiality, all operations are completely classified, and the information is disclosed only to the owner of the wallet. Compared to the same Bitcoin, all information about transactions is public. Although they do not contain direct data, they can be easy to find, because now large stores and service resources offer their customers to pay for services using digital currency.

Despite this, in some cases it is still possible to find the owner of the Monero wallet: the user can inadvertently publish the address of his coin vault somewhere on the network. Based on this, the team of currency creators strives to protect their users as much as possible and to protect network participants by hiding information about transactions. This design led to the need to resort to ring signature technology.

About the Monero project

The first release of the XMR cryptocurrency was held in the spring of 2014. Then Monero forked bitcoin. But after some time, Ricardo Spagni, the creator of the currency, said that it was necessary to carry out a complete restoration of the project to zero. Then the modern name was introduced, and also a little later they introduced unique software for mining coins, which is based on the power of the GPU.

The publics reaction to the new development was very ambiguous: both fans of the project and critics appeared. The latter appealed to the fact that such user confidentiality could be the reason that it would be used to pay for illegal trades, for example, on the black market for drugs, weapons and others. Others have criticized this confidentiality, which, in their opinion, is actually far from complete. In their opinion, such a cryptocurrency cannot become a technical breakthrough, but is just another amateur development.

Confirmation of the negative towards Ricardos idea was a hacker attack that took place in the fall of the same year, but, fortunately, it was not crowned with full success. Further investigation showed that the team of attackers had a good understanding of the currency code and its mechanisms.

This event significantly influenced the companys plans: they did not have time to design a ready-made interface for interacting with currency, so all transactions could be made only through the command line, which was accepted quite categorically. But by the end of the year, Spagni and his team released the MyMonero wallet, which made it much easier for users to work with the system.

Over the next period, programmers have improved the development in many directions:

increased the speed of block chain synchronization;
added support for many languages;
improved domain performance;
moved chains from blocks to LMBD;
provided interaction with I2P.
After these innovations, there were no significant improvements, the project began only two years later, but even now this activity has not been completely completed: the cryptocurrency continues to develop.

The first months after the introduction of Monero made it possible to use the system only from the command line, so many users actively advocated the formation of a graphical interface. The developers heard the requests and got down to work, but the resource was attacked, so the teams priorities shifted to the vector of defense mechanisms.

Already at the end of 2014, the MyMonero wallet was released, but criticism from the cryptocurrency community did not drain away, because some users believed that the project did not survive any significant changes. But in fact, the creators made revolutionary processes, for example, they transferred blocks to the LMDB, which made it possible to use the currency on computers with a small amount of RAM.

In addition, Ricardo has been able to incorporate support for a large number of languages into the technology for backing up private keys. After some time, the programmers resumed work on the interface.

Monero features

Monero is a cryptocurrency based on CryptoNote (special digital ring signatures). That is why the principle of data processing differs from the traditional ones used in most currencies. This technique assumes that all signatures are processed by one of the ring users (a group of people). At the same time, it is impossible to trace who exactly is performing the transaction at the moment, since all operations are mixed with each other.

In the event that it is necessary to carry out an operation, the sender signs with his key on all relevant outputs with a suitable amount, and confirmation from the rest of the participants is not required. In addition, you can prepare a transaction without an Internet connection, and only later confirm the final version of the payment information.

Because of this principle of action, some network users expressed their concerns about the possibility of creating double transfers, that is, repeated erroneous spending. But the company of creators took this factor into account: during the formation of the transaction, a separate key is also created - a key image, which is a confirmation of the withdrawal. This is why accidental double payments are not possible, as the identification key will prevent a repeated transaction. All account information can be checked at a single disposable address, so it is simply impossible to deprive a user of privacy.

In addition to the identification key, the Monero cryptocurrency algorithm includes others:

spend key - key for spending funds;
view key - a key for viewing funds.
Both of these mechanisms allow you to open access to the transaction to third parties, since initially, by default, only the owner has the key. This is why many criticize Monero for becoming a means of transferring funds in illegal transactions and financing illegal activities.

Of course, the XMR cryptocurrency is a revolutionary project, but at the moment it has a number of shortcomings, which the creators plan to fix in the planned improvements:

a small number of users, which is why large transactions will clearly stand out among the list of all transactions, and this is beneficial for those who are engaged in tracking transactions;
a large volume of transactions that require much more space, unlike, for example, Bitcoin;
mining on outdated and insufficiently powerful equipment is impossible;
low speed of operations;
rather large hardware requirements, since it is recommended to use ASIC processors;
the confidentiality of transactions may be subject to increased scrutiny from various regulatory authorities.
But despite these shortcomings, the project is quite popular among users and makes experts closely follow the development of Monero.

How is Monero created?

Since from the very beginning the creators did not plan to create a cryptocurrency that could be perceived as a complete alternative to the sensational Bitcoin, the Monero project has advanced functionality and more features:

Proof-of-work. The technology creates additional protection against hacks and fraud. That is, every action of the earners is recorded in the system, so there is no need to worry that the work will not be paid.
Unlimited emission.
Simplified mining. Compared to most cryptocurrencies, in order to mine Monero, there is no need to install expensive and energy-consuming equipment. Coins can be mined on a regular computer with an x86 processor.
CryproNote. This technology works to improve the privacy of visitors. For this, ring signatures are used, which are assigned to each participant and allow transactions.
Stealth addresses. They can be transferred to others in several ways: with the preservation of confidentiality and with the transfer of information about transactions and the state of the balance. These are the already named spend key and view key.
Returning to the topic of creating coins, a special protocol does not allow the video card to overheat, with which Monero is mined. No special equipment is provided, but the success of the process, of course, depends on the power of the video card. And it is possible to reduce energy costs if mining is carried out on the main processor.

For this, a special program is used, which can be downloaded from the official website. As for trading coins, you can sell and buy them on any resource where the currency is presented. It is worth giving preference to proven resources that ensure the fulfillment of transaction conditions and security.

Is Monero endless?

One of the features of the cryptocurrency is its unlimited emission. Before the company announced the restart, about 18 million coins were issued. Now the developers have provided for a simple scheme: during the mining process, 0.6 coins are created in each block of tasks.

Strengths of Monero

Of course, such a revolutionary project could not ignore the attention of cryptocurrency critics, who noted the main advantages of the Monero cryptocurrency:

it is not allowed to monitor the operations performed on the network;
the technology implies the use of special ring signature algorithms instead of the usual "public / private" keys;
security and data protection of the system using Kovri;
high speed of transactions.
The main disadvantage of the digital currency is that it is not perceived as a stable and reliable asset; they do not make such big bets on it, as, for example, on bitcoin, which has firmly established itself in the arena of cryptocurrencies.

Monero in TOP currencies

Of course, comparing Monero with many other cryptocurrencies, it is worth noting that it is constantly growing and developing, and in comparison with Bitcoin, its capitalization is more than one hundredth. Such indicators indicate the prospects of the currency, that the development trend is moving according to a clearly outlined strategy, does not intend to stop.

All the shortcomings of the system are now explained by the small number of users, so the company aims to attract new customers as much as possible. Since the effective performance of the ring signature algorithm depends on the number of participants.

Since the company is interested in promoting and popularizing the digital currency, experts predict an increase in the value of the monero rate. For example, the integration with the AppStore has brought great results for the team, because users have perfectly accepted the idea of paying with electronic money. The second round of this development may happen when a number of large companies decide to use XMR as their daily means of payment.

Now that there is more and more evidence that cryptocurrency is confidential and confidential, users are increasingly choosing Monero. XMR is a profitable and convenient investment, so the transition to this asset may happen very soon. But in the context of potentially large demand, difficulties arise with the distribution of the total number of coins issued, because in the event that there is not enough, the value of the coin will fall. It is not yet possible to predict this, but optimistic forecasts and the growing number of those users who choose Monero are increasing every day.

Summing up, it is worth noting that Monero, by its nature, is a completely new and necessary development that allows you to hide information about the sender of funds, their recipient and other data about the transaction. In the modern cryptocurrency market, XMR offers leading algorithms for creating privacy and user privacy. This approach gives complete freedom to all network participants and excludes the possibility of centralizing power.

Considering the fact that a modern person cannot imagine his life without a bank card and thousands of transactions performed annually with it, the slogan "Lets get rid of banks!" sounds ambitious to say the least. It was with such an appeal that in 2017 the creators of the new cryptocurrency startup OmiseGO announced their project and the token issued on its platform. Is the new cryptocurrency really capable of ending the era of bank cards and how revolutionary the idea of the developers is, read in todays review.

About the OmiseGO project

Omise was officially founded in 2013. From the very beginning, its activities were aimed at providing payment services in developed countries of Asia (Indonesia, Singapore, Thailand, Japan), but by 2016 the company was able to expand beyond the borders of the Pacific region.

Around the same time, the Omise team embarks on an ambitious vision, according to which it will be possible to combine the digital and fiat markets on the basis of one platform using blockchain technology. As conceived by the developers, it was supposed to be the first platform that could provide absolute security of transfers, minimal commission and instant data transfer. The guarantee of this vision is that OmiseGO operates on the Ethereum blockchain.

So, 2017 was marked by the emergence of a new project OmiseGO, which promised its founders a tremendous success with the loud name Fintech Rockstar.

The project was launched by a team of creative developers, led by the founders of the Omise organization, Jin Hasegawa and Donnie Harinsuta. The startup was greatly supported by Ethereum founder Vitalik Buterin and Ethereum co-owner Gavin Wood. No less famous personalities were also involved in the development: the lead developer of the Casper protocol Vlad Zamfir, the founder of Bitcoin.com Roger Ver and the head of the Golem cryptocurrency Julian Zawistovski.

With such strong support, the startup was destined to succeed. In the middle of summer 2017, an ICO took place, as a result of which $ 25 million was raised. If you could buy OmiseGO at the official auction for $ 0.38, then a month later its price increased to $ 8.90.

In the plans of the developers, the development of the project itself is in the first place, and then the promotion of its own crypto-coin. Indeed, the idea is based on the creation of an affordable social technology on the Ethereum platform, which can be used to conduct peer-to-peer trading of assets online.

OmiseGO features

OmiseGO technology is a kind of attempt to solve the global problem of interconnection between banking organizations, gateways and payment systems. This technology integrates currency exchange and payment services. The buyer will be able to pay the bill in any currency, and the recipient will be able to withdraw funds in a convenient form (in crypto or fiat). The idea of the project is that any network user can make transactions without owning a bank card and without paying commissions.

Access to decentralized exchange is provided by a public blockchain through which users can send and receive digital assets. This expands the capabilities of the standard network and allows you to inexpensively carry out various financial transactions:

transfer of wages;
Money transfers;
asset Management;
implementation of partner and user programs;
payment for supply chain and goods;
conducting commercial transactions and other services.
Among other things, for a million users, it will become a real transition from the use of financial resources to decentralized currencies such as ETH or BTC.

The OmiseGO network has a mechanism that provides liquidity. It also provides a kind of analogue of the "settlement fee" and a special gateway for saving assets with the possibility of their subsequent investment. The conversion process is carried out through smart contracts.

The creation of new cryptocurrencies and the emergence of forks led to problems in the cryptocurrency market: all operations are carried out exclusively on special exchange platforms. A prerequisite for such operations is the mandatory opening of a current account on alternative platforms, since any exchange manages specific digital currencies. The OmiseGO cryptocurrency aims to solve this problem as it can support most forks.

The main features of OmiseGO are defined by the following features:

Peer-to-peer transactions are handled through a virtual wallet specially designed for OMG.
Availability of our own blockchain network to confirm the operations.
OmiseGO primary purpose is to provide an estimated value for convertible funds. It does not matter in what currency the savings are represented. Their total amount is expressed in this cryptocurrency or, at the request of the user, in the form of another financial asset. Thus, OmiseGO currency can become a universal tool for storing and managing savings in the future.

How is OmiseGO created?

The OMG cryptocurrency operates on the basis of the OmiseGo platform, which in its essence is the ERC-20 standard. Simply put, OmiseGO is a blockchain on the Ethereum blockchain. The resources of the Ethereum network are used to organize the workflow, while symbiotic relationships with the network are developed and Ethereum is scaling. Thus, the OMG cryptocurrency is a distributed network that conducts peer-to-peer transactions, not limited to just its own tokens.

The OMG token is the main element of OmiseGO. It is built on the Proof-of-Stake protocol, which implements transaction validation.

The Proof-of-Stake algorithm excludes any attempts to create new structures, therefore, OMG mining is not relevant, and the main method of mining cryptocoins is buying on exchanges. They can also be credited as a reward for active network users. Experienced cryptocurrency holders know that increasing the chances of creating a block can be done by increasing the number of their coins, the amount of which is not limited. This means that if 2% of a users balance are OMG tokens, then on average he can create 2% of blocks. After the system checks and transforms the token, it is hashed and sent for confirmation to the Ethereum blockchain. Thus, the algorithm of operation and the process of confirming transactions of OMG fully corresponds to the principle of operation of the Ethereum platform.

Is OmiseGO endless?

Knowing the peculiarities of the cryptocurrency market, the creators of OmiseGO limited the sale of their tokens in an attempt to avoid the "gold rush". In total, the system generated more than 140 million tokens, the distribution of which took place according to the following scheme:

65% - implementation on ICO;
10% belongs to the development team;
5% is the share of the partner structure during the Airdrop;
20% - a reserve for solving current platform problems.
OMG coins are traded more as virtual shares of the company, rather than as a cryptocurrency in the traditional sense of the word. The project team took on the responsibility of distributing profits among token holders, and at the moment, users can earn on the growth of the OMG rate.

The OMG chart has been subject to significant fluctuations over two years. So, the cost of OmiseGO started at 50 cents, and after a few months its price soared to 25 USD per unit. The coin reaching its all-time high is due to the news on the network that the system is based on Plasma. Today the price of OmiseGO is fixed at 0.73 USD.

OmiseGO strengths

The OmiseGO platform is in many ways a unique project that could be the first step towards a revolution in the global financial system. The startup has many distinctive features, which mainly relate to the technical side of building the site and the operation of the OmiseGO cryptocurrency on it.

In the complete project guide, the development team focuses on the following advantages:

the principle of operation is based on a public protocol, which allows integration with other blockchain networks;
instant transactions due to improved scalability algorithm;
installed two-phase protection against hacking and cyber attacks;
provision of government fiat currencies for exchange;
real-time operations.

For their part, analysts name three main advantages of the project:

Demand for technology. Cryptocurrency differs in the market in that it is created on the basis of a multifunctional decentralized platform that allows you to instantly exchange any assets without a bank account and inexpensive currency transfers within the network.
Impressive accompaniment. Large companies such as Bitcoin Suisse AG, Ethereum are involved in the creation of the platform and the development of the project. The startup was also supported by the Thai authorities and the Ministry of Digital Affairs.
Influential investors. OmiseGO partners with renowned financial institutions that are helping to integrate OMG into the real economy.
The OmiseGO ecosystem is represented by two main products: blockchain and wallet. These are the main trump cards of the project.

With the help of their own blockchain network, developers have reduced the transaction time, which affected the quality and number of urgent transactions. This allows us to highlight a number of important features of the OmiseGO blockchain:

fiat currency and cryptocurrency forks are completely free from the disadvantages of centralization;
an algorithm operates in the network with the help of which the liquidity of assets is controlled;
functioning of the gateway through which the sale of digital assets is possible;
automated protection of transactions based on the principle of increasing the cost of chains;
lack of control of transactions by a third party due to scalability;
providing high-speed data transmission using a high-performance system.
Another distinguishing feature of OmiseGO is its SDK-type virtual wallet, which is a set of versatile tools for optimizing storage at your own discretion. By using a virtual wallet, the client is able to use fiat currency along with decentralized crypto.

Through the wallet, the user gets access to the Omise payment gateway, to all kinds of payment cards that can be freely replenished, and the payment system in real time.

The wallet provides a flexible system of settings that allows you to manage applications, set limits, supervise the loyalty program, change the interface and shape of the wallet.

OmiseGO in TOP currencies

OMG is the first token in the history of pre-sales that has raised over USD 1 billion in capitalization. The currency has high growth potential and is popular with users.

As of the current time, the OMG token ranks 50th in the ranking of the largest cryptocurrencies in terms of capitalization, which currently amounts to more than 89 million USD. The coin is listed on 90 trading floors and consists of a currency pair with 161 coins.

Today the OmiseGO cryptocurrency is going through hard times. But it is worth considering that the cryptocurrency is still very young and has not established itself in the market, and the startup continues to develop.

OmiseGO future is driven by several factors:

the general state of the crypto market;
attention to the project of large investors;
developer activity.
Many active users and influential investors are struggling to decide if OmiseGO is worth buying for a long-term investment, or if it is more suitable for short-range play. It all depends on whether the project team will be able to achieve their goals.

Successful crypto coins motivate every developer to create new popular counterparts that will bring serious profits. One of these projects is the Cardano cryptocurrency, which is very popular among the community. Such a significant forum as Bitcointalk characterizes it as promising and gaining popularity all over the world. The article will take a closer look at what Cardano is, how to earn this coin and how promising it is in the future.

About Cardano project

The Cardano system was created back in 2014, so its difficult to call it a novelty on cryptocurrency exchanges. Initially, the development team launched the coin in test mode, but soon the developers realized the importance and benefits of introducing Cardano to the cryptocurrency market. With the help of it, the prospect of creating a system for democratizing finance with the help of secure and inexpensive blockchain-based applications appeared.

The core of the system was created based on the well-known Proof of Stake algorithm, and Haskell became the programming language. A special addition was attached to the algorithm - the Ouroboros data transfer protocol. The founder of the Cardano coin is considered to be Charles Hoskinson, who was one of the leading specialists in the Ethereum cryptocurrency system. He was able to quickly collect the required amount to launch the coin, and after 4 days from the date of Cardano release, the turnover doubled.

All the work done allowed the development team to appear in the top 20 cryptocurrencies in the world after just a week. This early success of the coin was possible due to large investments of several significant companies from Asia. Cardano is divided into 3 areas, for which different managers are responsible:

The Emurgo company took over the commercial component of the project, the development of nodes and applications for the service.
IONK was engaged in the input project. This is development over the blockchain and control of its functioning.
The Cardano Foundation was dedicated to providing security and promoting the popularity of the coin.
The Cardano Foundation is also developing and implementing new blockchain technology that will allow the project to become more transparent in providing all information about changes in the system and in the cryptocurrency market. It is the distribution of responsibilities between the owners and developers of Cardano, according to experts, that allows the crypto coin to be so successful and progress further.

Cardano Features

The Cardano cryptocurrency was created with a desire to avoid the common problems of other coins, to take only the best qualities from each of them. The developers characterize Cardano with the following capabilities:

complete confidentiality with a guarantee of the safety of information from third parties;
ensuring high quality regulatory control of the project;
special algorithms responsible for the safety of clients investments.
The positive side of the coin is its flexible cryptography system and the use of only the best management techniques. The lack of high-profile scandals and customer complaints also benefits Cardano reputation. The coin has 2 levels of computing resource: basic (coin distribution) and built-in (contact control).

Cardano algorithm is similar to the popular Bitcoin and Ethereum systems, allowing up to 7 transactions per second. When using special nodes, the scale can be significantly increased. This indicates the prospect of the coin to maintain a high position in the market. Also, the Cardano developers are engaged in the following tasks:

Building working relationships with self-beneficial structures.
Working with a large number of cryptocurrency platforms, concluding partnership agreements.
Attempts to attract large investors and investment companies to the project.
Applying a set of protective measures to every application that works with the coin.
The positive impact of the Cardano system on the cryptocurrency community.
All of Cardano stated goals and ability to progress only evoke favorable characteristics from members of the entire community. At the same time, Cardano should be seen as a powerful competitor, which in the future may impose a serious struggle on leaders.

How Cardano is created

The market for Cardano cryptocurrency currently has approximately 45,000,000,000 coins. The mining procedure is available to all users, and the influence of unauthorized persons on the block formation process is excluded. This suggests that it will be extremely difficult to hack the system, which can be considered a significant advantage for users.

Another positive feature experts call the fact that the funds that the development team receives through the mining of users are directed to improving the system, fixing errors and shortcomings. The opinion of every member of the community is valued and plays an important role in the subsequent development of Cardano.

Mining is slightly different from mining other cryptocurrencies. Before you start mining it, you need to carefully study all the methods and choose the most suitable option. Unlike using the PoW algorithm (as in most cases), Cardano uses a special PoS algorithm that does not require the connection of powerful computing computers. The meaning of the PoS idea is in generating new blocks and receiving commission for transfers through user funds.

The more coins a Cardano wallet owner has, the higher his earnings. Therefore, experts recommend buying Cardano cryptocurrency until it has significantly increased in price. Each block contains 2000 ADA coins. 75% of them are in the assets of users, the remaining 25% are in the account of the fund, which serves as an intermediary between users and developers.

The Cardano cryptocurrency is stored in a dedicated Daedalus wallet. To purchase coins, the first step is to download such a wallet on the official website of the cryptocurrency and register. You can buy ADA coins on exchanges for dollars, euros, rubles or other cryptocurrency.

Is Cardano endless? ADA Currency Outlook

Due to its high reputation, Cardano cryptocurrency attracts the attention of many investment companies. It is rather difficult to predict the development of a coin and its value even after a year. Most experts assess Cardano chances of reaching the same level with the leaders of the cryptocurrency market rather positively.

The system is used at two levels of interactions: the level of transaction settlement and smart contracts. Both of these levels should be considered in order to obtain reliable information on Cardano reliability. The developers are making every effort to ensure that the project does not split into forks, like existing popular cryptocurrency systems. To do this, they plan to make changes to the algorithm so as not to destroy the entire previously built structure and not divide the network.

The Cardano network is built only on newer versions of the blockchain, unlike Bitcoin. For the transaction to go to the wallet, it must be updated to the latest version.

The prospect of ADA cryptocurrency, despite the small age of the project, still has a place to be. The price of the coin is slowly increasing, which indicates the right direction in which the development team is moving. This is also facilitated by the use of modern technologies, which make it possible to call Cardano a third-generation cryptocurrency.

Another reason for the demand for the coin in the near future can be called speculators who want to get rich on the currency. With each passing month, skeptical experts are becoming less and less, although at the very beginning, many predicted an imminent disappearance for Cardano.

Strengths of Cardano

The developers of the Cardano cryptocurrency do not like comparisons with other coins and insist that their blockchain structure is built on version 3.0, unlike other systems. The biggest plus is the ability to seamlessly scale up the project. The third generation currency has several significant advantages:

The security of the Ouroboros algorithm is mathematically proven and paves the way for project scaling.
A good Haskell programming language that is safe.
The system works in two directions (transactions and smart contracts).
Restricting the access of unauthorized persons to the operation of the system.
A clear procedure for attracting large investors.
Privacy of all information that concerns users.
Fast conduction of transactions.
The development team announces the set goals for the implementation of their system in the banking and aviation sectors. Cardano has a clear roadmap and transparent reporting of any project changes. The cryptocurrency management has extensive experience in financial management and is able to control a situation of any complexity.

In the future, there is the possibility of full legalization in cooperation with government agencies. Also Cardano is compatible with all blockchain versions and is available on most cryptocurrency exchanges.

Among the disadvantages, experts consider the lack of popularization of the coin. In all countries (except Japan), Cardano hardware is poor. Also, the disadvantages include the rather young age of the system in relation to the developed world leaders of the cryptocurrency, which will have to catch up over time. All these problems, if properly addressed, are not capable of hindering the progress of the coin.

It is difficult to predict how long it will take for developers to take Cardano to the next level of popularity, but it certainly has prospects based on user and expert feedback.

Cardano in the top currencies

Cryptocurrencies change positions in the market quite often, but a truly stable system should be at the top of the list in all respects. In the near future, Cardano may enter the top 5 crypto coins in terms of market capitalization. The following reasons may contribute to this event:

Ledger integration. Integration of the system into the Ledger hardware wallet will allow users not to worry about the safety of their funds offline.
Cardano is the only digital asset in the top 10 cryptocurrencies, accounting for 50% of the market turnover.
Decentralization of the network through the release of the Mainet5 program, which led to significant progress in Cardano performance.
An equally important role is played by the exchange rate of the coin in relation to the ruble or dollar. On the day of writing the article 1 ADA = 2.22 rubles. No one can guarantee drastic changes in the value of the coin, but all the above prospects in favor of the crypto coin allow us to hope so.

Cardano has combined complete privacy with quality legal management. This increased investor confidence, and in the future can significantly raise the value of the coin rate. At the moment, Cardano is ranked 9th on the CoinMarketCap list and has a capital of about $ 2 billion. The maximum value of 1 ADA in history was $ 1.15.

Conclusion
Scientific development methods and mathematical confirmation of the security of working with Cardano speaks of motivating developers to create a competitive cryptocurrency that will be much safer than the current popular counterparts. Cardano aims to capture the best ideas from other platforms and get rid of their flaws.

Despite the temporary absence of influential investors, many experts consider it a matter of time, as evidenced by the positive growth of the coins rate. Cardano can rightfully be considered a stable and promising cryptocurrency, which in a few years is able to lead the first line of the world rating.

The first cryptocurrency appeared in 2009, but even before its appearance, they wanted to create an entertainment platform like or YouTube. When Bitcoin and other similar projects became popular, it became clear that blockchain technology can be used not only for creating a system for payments. And in 2017, the TRON (TRX) cryptocurrency appeared.

About TRON project

Tron is a project created in 2017 and has quite big ambitions. Its goal is to create a decentralized platform for entertainment content. The work is based on blockchain technologies and smart contracts. Therefore, each user with a device connected to the Internet can support the platform, creating a convenient payment system.

As conceived by the developers, it was calculated that TRON will become the largest decentralized operating system that can compete with Windows or Mac OS. It is already gaining popularity among users.

This platform is already used by entertainment content developers, gamers and investors. The focus is primarily on online games and virtual casinos. Over time, if the project is not closed, they predict the future of the largest provider of Internet entertainment and not only. It is a convenient platform for posting content of different content, not just entertainment. But the emphasis, of course, will be made in this direction.

Tron can also become a service for finding video game investors. The platform has a built-in payment system that will allow you to effectively search for depositors, collect charitable donations and perform other financial transactions, depending on the choice of the creators of new entertainment content. The smart contracts underlying this project will help negotiate and guarantee a return on investment in advance. They will also ensure the security of transactions, which many other systems put at risk.

For settlements within the platform, the TRX token is used. It is not a cryptocurrency in the full sense of the word, but is used as a tradable currency or securities. Also, the token is included in the listing of dozens of exchanges and is traded according to the laws of the world market. Those. it can be bought, exchanged, and sold for another currency.

Despite the fact that the Tron project has already been officially launched, the plans for its development are very long-term - until 2027. This is both a disadvantage and an advantage. The plus is that such long-term plans speak of the seriousness and stability of the project and the company itself. But at the same time, not all investors will agree to wait so long for their profit.

The development plan or Roadmap is divided into several stages:

The outcome is a stage already implemented according to the plan, scheduled for the period from August 2017 to December 2018. This is the official launch of the project. A free platform for distributing tokens has already been created. This is the first step towards creating a decentralized social network, which has already paid off.
The Odyssey is still underway. The end of this stage is scheduled for June 2020. At this stage, it is planned to launch a financial model that will give users bonuses for posting content. According to the developers, the incentives will be very tangible in order to attract new users, developers and investors, as well as develop the platform, make it more attractive.
The Great Journey is the third step in social networking. At this stage, the developers will fix flaws and bring the platform to perfection. It is scheduled to be completed by June 2021. After that, users will be able to independently set the automatic payment of profits to investors, track charitable contributions and effectively interact with their implementers.
The fourth step - Apollo - is called the space program. It should be completed in March 2023. After that, users will be able to create their own tokens.
Star Trek will continue the space theme in the development of the platform. This stage should be completed in September 2025. Here, the platform will again be upgraded to allow users to play online games and use other applications. And the developers, accordingly, post their content.
The Tron developers also took 2 years to develop the last stage - Eternity. The development of the platform should be completed in September 2027. An investment campaign will be carried out, thanks to which the network will become easier and the system interface more attractive.

Tron features

The platform will be able to:

upload, store, transmit or rent any content;
support and mark interesting projects with money, "hearts";
leave comments near the content you like, as well as repost it;
distribute content and use applications without looking back at the prohibitions of laws;
receive bonuses, namely the platforms cryptocurrency, for posting content;
place a decentralized application - from a small program to a large game;
issue your own tokens;
participate in platform governance through voting.

How Tron is created

The story began 3 years before the first platform source code was published. Raybo Technology Inc was founded in Beijing in 2014 to provide IT audit, application development and digital technology project management services. Later, this company became the parent of the future TRON platform, and at the moment it owns all the trademarks of the first blockchain-based entertainment network.

Three years after the founding of Rybo Technology Industries in Singapore, the TRON Foundation was founded, the functions of which included preparing the entry of a new cryptocurrency on the market. The founder of the company is a "golden" boy, a young web programmer Justin Sun.

Until September 2, 2017, the new company held an ICO to attract investors. A detailed plan for the technical development of the platform was prepared and articles were created for Tron Whitepipe.

During the ICO, the company received almost $ 70 million. This is the most significant indicator in the history of crowdfunding. As part of the transactions, about 40 billion tokens fell into the hands of users. At the same time, about a quarter of the amount was given to private investors who bought tokens after the official opening of the project. Thanks to such a move, within 10 days of its existence, the currency entered the listing of large exchanges and entered the phase of active sales.

And in December 2017, the platforms source code was published. At the same time, users were informed about the development plan of the network, which led to an increase in the rate of the coin to 4-5 cents apiece from 0.1 cents. Such a significant jump in the rate attracted investors.

On May 31 of the following year, the MineNet public network was released. This was the first step in the project to create a decentralized social network. Despite the fact that the project was successful, the token rate has not changed.

Two months later, the company made an important purchase - BitTorrent. Since then, all BitTorrent products have joined the TRON system, allowing for improved P2P data exchange technology. On August 30 of the same year, the TRON virtual machine was officially launched, designed for easy integration of developments on the platform.

In October, the company began trading in gaming and non-gaming applications. In January 2019, 2 major events awaited her: an international summit and successful BitTorrent crowdfunding. This affected the token rate for the better, but then the indicators dropped again to 2 cents apiece. Today the company continues to implement its long-term project.

Is TRON endless

Judging by the fact that millions of users are already choosing this particular cryptocurrency, we can talk about the long-term work of the project. Tron is already in 11th place among the most popular cryptocurrencies, its demand is only growing. In the digital money market, the situation has changed for the better since last year, which means that for now you can not worry about the fall or disappearance of the cryptocurrency.

Tron strengths

Since its launch, Tron has been criticized more than once. Even the most critical experts cannot fail to note the strengths of the project:

The basis of the system is the developments of past cryptocurrencies.
Internal payment system in MineNet, which allows up to 2000 transactions per second.
Many supporters around the world. About 3.5 million people from China to South America have joined the Throne so far.
Smart contracts keep users and their funds safe. The system allows you to quickly and confidentially invest in entertainment.
Stability and regularity of the technical development plan. From the moment of its launch, the developers began to conduct systematic work on its implementation and are still keeping pace with the schedule.
Active PR and publicity of the project management attract new users and investors.
Investment attractiveness. As of 2019, TRX ROI, adjusted for rate jumps, is over 1,000 percent. Many crypto investors advise including TRX tokens in an investment portfolio and expect long-term profits.
BitTorrent ownership. The company has already presented the Atlas project, which provides for the integration of the popular tracker with the blockchain platform. As a result of this pooling of resources, BitTorrent should start to work faster, and its users can expect to receive rewards for posting content. Tron, in turn, will get a large app with a huge audience for its network.
Of course, the platform also has several weaknesses, which, according to their plan, the developers are likely to eliminate.

TRON in TOP currencies

Having opened the coinmarketcap.com website with a rating of the best cryptocurrencies and drawing attention to the top 15, you can see that this list contains several assets that are quite cheap - less than one dollar, but at the same time have a crazy capitalization of more than 1 billion.

One such asset is the Tron Coin (TRX). If you look into the past of this project, you can see that in just the second half of 2017 it was able to grow by 2,400%. Accordingly, all those who have invested their money in this asset since its inception were able to get a very good profit.

It should be noted right away that Tron is not a cryptocurrency per se, but only a token. That is, this coin does not have its own unique blockchain code. However, this fact does not prevent the token from being very popular. Tron for June 2018 is among the top 10 cryptocurrencies in the coinmarketcap rating. One coin costs about 4-6 cents, the capitalization of the project is almost $ 3 billion. A total of 100 billion Tron coins have been issued.

At the moment, the cryptocurrency is in 11th place among the most popular 30. The token rate is 1 cent. Thus, Tron remains a fairly promising asset that is not a scam.

This is the only coin that costs such little money in the digital currency market - only 1 cent, but at the same time it takes its place of honor in the ranking of the top 15 best cryptocurrencies.

At the moment, Tron is supported by many large companies from China and Asia, who are serious about improving and promoting it in the world of digital currencies. In addition, this token is quite in demand in the market.

The relatively young cryptocurrency Bitcoin Cash, which has existed for only two years, was created to solve the scaling problems of the well-known Bitcoin. She quickly took her place on the leaderboard. In its most successful periods, the value of Bitcoin Cash exceeded 4 thousand dollars, now it has fallen somewhat and is barely breaking the $ 220 mark. However, many experts of the cryptocurrency exchange are sure that soon the quotes are bound to rise and BCH will still show its strengths.

About the Bitcoin Cash project

The digital currency Bitcoin Cash is a payment system with its own BCH token. It was created on August 1, 2017 as a fork of the mainstream cryptocurrency Bitcoin. The previously mentioned hard fork occurred due to disagreements among various groups in the Bitcoin community. The main driving force behind the differentiation was the complexities associated with the scalability of the BTC network. Because of this, there were slowdowns in the conduct of transactions. The limit of the maximum allowable scale of one blockchain led to the appearance of confirmation queues, and quite significant ones. Already at the end of spring 2017, the situation changed for the worse to such an extent that the confirmation of the transaction took more than one day. It was possible to increase the speed of the operation with the help of an inflated commission payment, which was absolutely at odds with the idea of using digital currency as a payment system. It became completely unprofitable to transfer a small amount of finance.

To solve this problem, various options were proposed, including the SegWit2x protocol, but many developers did not want to change the structure of the blockchain, and it was decided to release a new fork. The Bitcoin Cash blockchain has kept the basic principles, but the block size has been increased to 8 MB.

The new digital currency operates on the same protocol as BTC, its hashing algorithm is SHA-256. The reconciliation and bonus structure is PoW, and the upper emission level should also not exceed 21 million coins. However, there are some differences, the main of which is the increase in the block size from 1 MB to 8 MB. Also, Bitcoin Cash has a different scenario of difficulty correction. If for Bitcoin it changes every 2016 blocks, then for BCH - every 6.

In addition to all of the above, the altcoin introduces protection against replay and erasure of transactions. There is also a special type of transactions in which the user is able to separately sign the transfer amounts, thereby making payments more secure.

How is Bitcoin Cash created?

When it became obvious that the Bitcoin network was not able to handle the loads that had piled on it, as a result of which transactions could hang for several days, the miners did not have time to create blocks, and the commissions increased, a decision was made to unload the network.

Several options for resolving the problem were discussed:

SegWit
In this solution, it was proposed to display some of the information in separate files outside the blockchain. As the authors of this resolution of the problem argued, this should have made the block more capacious. In addition, confirmation speed will increase, and the entire network as a whole will become much more responsive and easier. People who opposed this decision argued that it was temporary, difficult to implement and did not solve the problem in a global sense.

SegWit2x protocol.
This fix of the predicament implied increasing the block to 2 MB and outputting some of the information outside the blockchain.

However, none of the proposed solutions satisfied the development team. As mentioned above, the block was expanded to 8 MB, which made it possible to preserve the former uniform mechanisms of action.

The main creator of the coin is considered to be Amori Sechet. He previously worked as a programmer at . Sechet has long been curious about Bitcoin and has developed his own scaling variations. The idea to implement the offshoot was prompted by an organization from China that produces equipment for mining. Amory received a grant from the Bitcoin Development Team, which funded the research.

Other notable creators include Haipo Yang, a talented mathematician with fundamental knowledge of blockchain. The development team also includes Jian Wu, one of the founders of the Bitmain organization that provided the grant to Sechet, and Roger Ver. The latter is a rather interesting person. In addition to being called the owner of one of the largest amounts of BTC in the world, Roger Vera is widely known as the bitcoin evangelist and is nicknamed Bitcoin Jesus.

Bitcoin Cash features

After the separation of BCH from BTC on August 1, 2017, the very next day, the Bitcoin Cash price doubled - up to $ 400 per token. A little over two weeks later, on August 19, it was possible to buy Bitcoin Cash for more than $ 1,000. By the end of 2017, the coin reached its maximum value of $ 4,300. At the time of this writing, on November 30, 2019, the rate of one BCH was $ 220, which indicates a decrease in popularity among users. However, it is too early to send this token to the bench in, for example, a country like Japan, where there is an increased interest in all cryptocurrencies, where this coin is quite in demand. Although Google autumn charts show that here, too, user interest has slightly decreased.

Keep in mind, though, that Bitcoin Cash is the largest of the forked digital currencies and has the potential to explode.

Many experts call Bitcoin Cash a more thoughtful analogy to Bitcoin. Like its predecessor, in the BCH system, legitimacy is guaranteed by other users. The blockchain duplicate is contained on the personal computer of each of the participants. It is under these circumstances that transaction transparency is ensured. To check transfers between participants and confirm the legitimacy of receiving tokens, computing power based on the Proof-of-Work principle is used.

Due to the increased size, the block contains much more operations than Bitcoin. This guarantees the stability of the system at higher rates of daily turnover and allows you to completely eliminate the queue of pending confirmation transfers on the payment platform. The block is solved by the miner rather quickly due to its size, and the complexity of the calculations is adjusted every 60 minutes. As a result, participants receive low-cost transactions that can be completed in less than a minute.

Despite all of the above, according to one of the Google developers Allen Day, the digital currency Bitcoin Cash is mainly used by users to save money, and not to carry out transactions.

After the first branch, users who had BTC on their account received a similar amount of BCH. How to get tokens today? There are several methods:

Mining. Bitcoin Cash uses the SHA-256 hash algorithm. The block reward is equivalent to 12.5 tokens. Due to the increased block size, Bitcoin Cash is much easier to extract than Bitcoin. However, there is one peculiarity: difficulty regulation is carried out every 6 blocks. If at first it was really possible to get income by mining coins alone, now it is much more profitable to work in a pool.
Take part in donations. To do this, you need to install a cryptocurrency wallet. Then go through the authorization process through your Google account on the free faucet page and enter your own wallet address. With the announced distributions, tokens will be received on it.
Profit from quality content. A certain number of coins can be obtained for publishing unique content on the relevant sites that can be found on the Internet. The amount of the fee depends on the quality and importance of the material, the reaction of users to it.
Purchase digital currencies on exchanges. Initially, many platforms reacted with criticism to the new cryptocurrency and refrained from adding it to the list. Some of the first to believe in BCH: Bitfinex, HitBTC, Kraken, Bitfinex. Many others followed, and now it is possible to buy Bitcoin Cash on virtually any top platform.

To save altcoins, the developers have released two wallets: Badger Wallet and Bitcoin.com. They are available for download on the official website of the organization. It is also possible to download other wallets with support for storing Bitcoin Cash.

Is Bitcoin Cash infinite?

According to the protocol, no more than 21 million coins can be mined in total. Limited emission makes cryptocurrency a reliable store of value, distinguishing it favorably from other cryptocurrencies and paper money.

Strengths of Bitcoin Cash

Formation of branches is not only one of the varieties of problem solving, but also quite a profitable business. In most cases, the price of tokens rises after the hard fork, which makes it possible for the founders to get impressive profits. Considering that Bitcoin Cash is one of the most successful offshoots, the coin has a ton of benefits.

Minimum commission. In the PoW structure, commissions are especially important. The more significant the transfer and the sooner it needs to be done, the larger the commission becomes. During busiest times, fees can range from $ 20 to $ 50 per transaction. In Bitcoin Cash, it is possible to pay less than 1 cent per transaction.
There are no confirmation queues. It doesnt matter how many users are involved in the mining process. The block processing rate remains unchanged.
Resolving the scalability problem. A sufficient block size and frequent updating of the complexity of mining tokens in the complex allow transferring in a few seconds.
Decentralization of development. Thanks to the participation of several independent groups in the creation of Bitcoin Cash, it is problematic for large players to influence the reforms of the digital currency protocol. It also creates a certain level of security against attacks due to developers monitoring an increased concentration of capacities at one person.
High level of site reliability. Among the creators of Bitcoin Cash are programmers, mathematicians, highly professional cryptographers. Thanks to this, the token has incorporated the strongest aspects of distributed computing and information storage technologies. Additional protection is guaranteed by regular visitors to the site.
An impressive global future. To compete with the major banking systems, it is not enough to simply apply blockchain technology. Many users have adapted to pay a lack of privacy and transparency for instant transactions between banks. The Bitcoin Cash system provides a global opportunity that includes the reliability of a blockchain-based platform and the instantaneousness of the most advanced banking operations.

Bitcoin Cash in the TOP cryptocurrencies

The future prospects of Bitcoin Cash clearly indicate that this digital currency has all the development trends. Given the fact that users have more than an impressive number of tokens in their hands, it can be assumed with a degree of probability that most traders believe in the upcoming rise of altcoin. As of December 2019, the cryptocurrency does not go below the fifth mark in the ranking of popular cryptocurrencies, and its capitalization is $ 3,872,330,258.

Summing up, it is possible to assert that Bitcoin Cash is a cryptocurrency, the parameters and indicators of which absolutely meet the current needs of users in the digital currency market. The coin is distinguished not only by reliable protection, but also by a high speed of operations, so nothing will prevent it from rising one level with Bitcoin. We just have to wait for this momentous moment.