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In the world of digital currency, there are numerous names that claim to be the best of the pack. They will often come up with catchy advertisements to grab the attention of those looking to invest in virtual currency.

However, Most of these so-called cryptocurrencies are scams – working for the sole purpose of stealing your money. If you want to make a safe investment, Bitcoin and Ethereum are the securest options, and to keep your digital assets secure, you will need a digital wallet.

Our previous articles were about Bitcoin and the wallets that store Bitcoin. In this article, we are going to talk about the best wallets to secure Ethereum.

Most Popular Ethereum Wallets:

Our rundown of most popular Ethereum wallets starts with:

CoinBase:

CoinBase is one of the largest and most reliable digital wallets to store digital coins such as Bitcoin, Ethereum, Litecoin, etc.

The wallet was established in 2012 and is available in both app and web versions. One of the primary advantages of CoinBase is that it doesn’t only allow users to store digital assets but also gives the option to buy crypto through bank transfer.

EthereumWallet:

EthereumWallet is a Canadian based wallet which uses a JavaScript design. The wallet collects data at the client side where an address is created to support Ethereum transactions. EthereumWallet is considered one of the safest to secure your Ethereum assets.

MyEtherWallet:

The wallet allows its users to send and receive coins simultaneously with the help of an Ethereum address. Similar to Ethereum wallet, MyEtherWallet uses a JavaScript-based design and collects data on client’s side. Due to the fact that data generation is done in the browser instead of the server, MyEtherWallet enables you to make offline transactions: my personal favorite feature of this wallet.

Exodus Wallet:

Exodus is a desktop wallet with a catchy UI and alluring design. In terms of UI and also the security, Exodus is one of the best if not the best wallet out there.

Exodus is only partially open source and there are many components that are restricted to the third party. In simple words, the Bitcoin community does not get to review the full code of Exodus wallet. But, if you are looking for your Ethereum safety, you can opt for Exodus without a second thought.

ETHADDRESS:

Another Ethereum wallet with a design developed in JavaScript. Similar to EthereumWallet and MyEtherWallet, ETHADDRESS also facilitates data generation at the client side but is different in look; more like a paper wallet to be precise.

Wrap Up:

So, these are some top Ethereum wallets to store your coins. All are pretty safe, secure, and easy to use. If you have any questions regarding these wallets or any other subject related to cryptocurrencies, please drop them in the comment section below.

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Gold droops as Businesses Side with Cryptocurrencies

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With cryptocurrencies like Bitcoin and Ethereum, leading the charts, it is hard to ignore the fact that digital currencies are becoming everyone’s new want. Having investors line up right in front, looking forward to making new investments with the cryptocurrencies.

Every month, more digital currencies are added on to the list. Especially, with businesses turning to cryptocurrencies, demands in areas outside the digital world have seemingly begun to decline.

In all this, gold in the sudden surge in demand of virtual currencies our precious metal has suffered immensely.

Supply and Demand

Unlike Bitcoin, there is about $7 trillion worth of gold in the world.

The limits on bitcoin’s supply and the potential worth of the digital currency mean there will be an increase in demand for a limited product, thus driving up the value. Also, the time taken to add Bitcoins to the market has actually dropped since the difficulty to mine a block keeps increasing.

Future of Bitcoin and Gold

Tom Lee, the widely followed strategist said in a report that his model shows how Bitcoin could rise to a range of $20,000 to $55,000 in the next five years.

Moreover, as new cryptocurrencies arise, more and more investors have begun to accept the blockchain technology. Countries are wanting to implement these techniques into their financial sectors and completely decentralize.

Bitcoin now makes up the minority of the entire cryptocurrency market at about 41.6% of all coins and assets.

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What is in the Argument submitted by US Government in ICO Fraud Case?

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U.S. prosecutors have finally planned to submit their argument in an ICO Fraud. In fact it will prove to be an oversized argument. As we all know that Initial Coin Offering (ICO) refers to someone offering the crypto investors some new cryptocurrency units  or crypto-token in exchange against cryptocurrencies like Bitcoin or Ethereum.

ico fraud

Background of that argument

Maksim Zaslavskiy is by birth United States citizen living in Brooklyn, NY. He is the founder of REcoin and Diamond Reserve Club. REcoin was designed in the form of an innovative token system where brokers, tenants and purchasers etc could purchase REcoin tokens to make easy a variety of real estate transactions. It was claimed that it will also allow users to enter into smart contracts – with the passage of time it all proved to be an illusion.

In Sept. 29, 2017 — the Securities and Exchange Commission (SEC) accused him with a fraud case investors in an initial coin offerings (ICOs).This fraud had a further links to investments in real estate and diamond industry. Maksim Zaslavskiy  was being alleged that the digital tokens offered by him did not really exist.

That’s why In September 2017, the U.S. Securities and Exchange Commission (SEC) filed a suit against Maksim Zaslavskiy , and he was arrested and charged by the Department of Justice (DOJ) in November 2017. As the SEC suit stayed pending due to an outcome of that action, Maksim Zaslavskiy easily pled not guilty to the allegations filed against him. Now, it is in the news that Maksim Zaslavskiy is trying his best to dismiss the lawsuit against him. Maksim Zaslavskiy’s point of view is that tokens sold through an ICO are technically not considered as securities.

What is the statement of SEC?

The statement of SEC goes totally against Maksim Zaslavskiy. That’s the reason why the case of Maksim Zaslavskiy has set the stage for a U.S. federal court that whether token sales can be considered as securities or not.

Furthermore, the Department of Justice is going to submit a reminder that is expected to prove false the claim filed by Maksim Zaslavskiy. It is also in the news that this filing is expected to exceed the maximum size allowed by the court for such arguments, hence a request will also be submitted to grant an exception in that specific case. Though no further details on this topic are to be found elsewhere, however, it is being assumed that the filing in question will be an extraordinary one.

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Famous Bitcoin Trader Claims the Currency Will Hit $15,000 in 2017.

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The price of Bitcoin climbed above $3,500 and at the moment it is standing a little above $4,200. While some people are doubtful towards this gradual increase in value, Veteran trader masterluc says otherwise. He’s made a prediction that Bitcoin will be worth $15,000 by the end of 2017.  He claims that this bull run will continue into 2019 where the price will top out anywhere in between $40,000 and $110,000.

Masterluc is said to have a history of being right in his predictions, and many experts agree that the rise will continue for a while longer, which could have some major consequences for paper money.

Bitcoin recently celebrated its market cap crossing over $50 billion as it tripled the price of gold. Predicting the future of the digital currency is not an easy task especially when its reign shows no sign of ending.

 

News Credits: futurism.com

Image Credits: bloomberg.com

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Bitcoin Goes High When Miners Take a Step to Solve the Scaling Problem of Digital Currency

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Bitcoin miners are intending to support a new upgrade for the Blockchain of Bitcoin which may solve the scaling problem of digital currency. Most of the Bitcoin miners including Bitclub, AntPool, BTC.com, and BitClub have shown their interest to support the Bitcoin improvement proposal (BIP) 91, through adding a piece of code to every single new block of bitcoins they generated. This block needs 80% support to be “locked in” permanently to the blockchain. This will cause a relief as it stops the blockchain splitting into separate two chains, which would create two different coins effectively. Already 66 % of the last 144 blocks provided signal support for it.

According to Coindesk data, Bitcoin has recovered from a tough 8-weeks low of $1863 on Sunday to about $2329 today.

What is the Problem with Bitcoin?

 

Bitcoin has faced a scaling problem for some time, where the number of the transactions occur on the blockchain at one time are limited to 1MB every 10 minutes. This generates a backlog of the transaction which should process and slow things down.

The Bitcoin community has been looking for the best way to solve this scaling problem. Segregated Witness(SegWit) system is one of the solutions which would increase the transaction speed. But SegWit required about 95% support from the miners. Bitcoin fell about 12% on Sunday because of these concerns. However, Bitcoin miners have to respond to this problem.

What is the Solution of Scaling Problem?

Many members of the Bitcoin community have united on a solution known as BIP148. This may include a “User-activated Soft Fork”, where users of Bitcoin will force the blockchain to split by refusing any block of Bitcoin which didn’t indicate support for SegWit. BIP 148 was coming in action on 1st of August and if a large number of developers didn’t commit on the proposal, the blockchain can split.

Charles Hayter, founder and chief executive of CryptoCompare has explained, However, a large group of miners will continue to mine with Non-SegWit blocks in case of the BIP148. In such case two bitcoins would occur, one in which SegWit is active, and other in which SegWit is not active. This may have terrible results for one of the chains or even both. This could be one of the major factors behind the volatile support for BIP91.

Will Bitcoin Avoid a Fork?

To avoid Fork, miners are giving support behind BIP91, that would present SegWit2X to the blockchain. BIP91 requires only 80% support, rather than 95% and to be ‘locked in’ they would introduce the SegWit system.

The managing editor of The Black Swan Portfolio, Bram de Haas, told CNBC via an email on Tuesday, “BIP91 has a minor edge of adoption which made its implementation less risky and more realistic. Adopting the BIP91 will also decrease the possibility of a fork which many people like”.

Bitcoin will surely avoid a fork now but it’s not much terrible if it does not. Haas expected now the Bitcoin prices to rebound faster and faster.

 

Story Credit: cnbc.com

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