Category Archive Blockchain

ByDavid Adamson

7 Cryptocurrency Trends For 2019 & Beyond

Every crypto enthusiast would want to know about the latest trends before investing in a new cryptocurrency or becoming a part of a blockchain project. This is also particularly important when you’re looking to start your own business in the crypto space.

Having a good idea of what works and what doesn’t in the cryptocurrency industry will enable you to properly evaluate your options before proceeding.

Times have changed a lot since cryptocurrencies were first introduced about a decade back. Now, every major and minor finance/technology company wants to leverage cryptocurrencies for its own benefit. If you’re trying the same, here are the top 7 Cryptocurrency Trends you should look into.

Security Tokens

Security tokens are cryptocurrencies that are regulated. Now, cryptocurrencies, by nature, cannot be regulated, i.e., designed to be controlled by a centralized authority. However, in order for cryptocurrencies to work as digital securities, they must be regulated under certain areas. This not only protects the interest of investors but also makes security tokens more trustworthy digital currencies.

Automation

Cryptocurrencies are playing a big role in the advancement of the automation of many processes, especially in the finance space. Companies looking to make their systems ready to track crypto movements and take decisions accordingly need to employ advanced automated tools that are faster than static systems. To keep up with the high level of development in the crypto industry, new and automated systems and services will be used.

Increased interest in Real-value altcoins

As already predicted by many expert investors in their articles, in 2019 and beyond, people will be looking to invest in altcoins that offer actual, real value to the audience. Besides digital payments, there are multiple industries where cryptocurrencies can find their usage. Projects like Titan coin are, in fact, proving this with its highly secure and faster payment system coupled with a number of futuristic smart apps to be used in day-to-day lives.

AI for crypto investments

The use of automated robots, AI and machine learning has increased exponentially in the investment and finance sectors. The coming years will see a further rise in this trend, as more consumers will be using AI and machine learning systems, instead of real accountants, for performing day-to-day accounting activities as well as managing and making crypto investments. We might even see a boost in the number of crypto/blockchain projects utilizing AI.

Increase in Crypto knowledge

As more and more people start understanding the importance of cryptocurrencies, the companies are focusing on creating and releasing more educational resources to teach potential investors about cryptocurrencies and blockchain technology to bring them on board, encouraging them to invest in their crypto projects. With resources like online seminars, tutorials and certifications being readily available, it is now easier than ever for individuals to learn about cryptocurrencies.

Stronger regulations

With SEC and other financial institutions looking for ways to make crypto trading legal and somewhat regulated, we may just see more, new regulation standards granting investors with more powers to deal in cryptocurrencies. As the regulations related to the crypto industry become more agreeable, the demand for experts to handle organizations’ crypto operations will also increase.

Decrease in volatility


Crypto volatility refers to the frequent fluctuation in the prices of a cryptocurrency. In 2017, we witnessed a high disruption in the prices of many cryptocurrencies, including Bitcoin. However, since then, the prices have somewhat stabilized, as more companies are exploring utilities of cryptocurrencies for payments, exchange and more. In 2019, we will see the rise of cryptos such as Titan coin, which are more stable price-wise.

ByDavid Adamson

Creating Your Own Cryptocurrency Exchange Platform

In today’s world of business, you have to either be on the side of the product or the consumer. However, in the new world where the demand and supply are in excess, one of the most lucrative business ideas is to be the mediator between the demand and the supply.

Cryptocurrencies stand among the most innovative revolutions that have occurred in the field of finance and technology. There are different types of cryptocurrencies created day-in and day-out across multiple blockchains. These cryptocurrencies have a need to be traded to increase profits and to make the circulation and acceptance more dynamic.

To facilitate trade and transaction between cryptocurrencies, a robust cryptocurrency exchange is essential. You can create your own cryptocurrency platform using these steps!

What Is A Cryptocurrency Exchange Platform?

A cryptocurrency exchange platform is a digital marketplace where users can sell cryptocurrencies that they possess at established exchange rates. Cryptocurrency exchanges operate as an intermediary between buyers and sellers.

Before you go on to the actual process, the idea and the concept are of vital importance. Preparing and planning are quite crucial because all the specifications that you will need have to be specified even before the project starts. The exchange platform should have the following characteristics

  • Flexibility to develop, customize, and scale
  • Safety and security
  • Complete control
  • Instantaneous response to all actions

As a prescribed best practice, it is recommended that the entire ecosystem of the exchange is made of different modules. Each module should work independently. The interaction between the different modules should be managed by specific requests and should be hosted on different servers to balance the load. This will ensure that even if one of the modules is under attack, the others can function smoothly – taking care of just one server would be enough to get the exchange up and running again.

The Different Types of Cryptocurrency Exchanges

Given the fast-paced change in the world of cryptocurrencies, there are different types of exchanges. It is only upon your choice of the type of cryptocurrency exchange that the structure can be decided.

Direct trading platforms provide the tools for making immediate deals between the users. This type of exchange platform does not involve set market rate but depends on the rates set by the traders.

Brokerage platforms are the kind of sites that any person can use to buy currencies at the rate that is defined by an agent. The cryptocurrency agents are quite similar to foreign currency dealers in their functionality and profit-model.

Almost all cryptocurrency exchanges require the following steps:

Obtain The Legal Counsel To Ensure The Meeting Of Requirements

Any exchange is subject to the laws of the jurisdiction. Therefore, it is important to seek legal counsel and understand regulatory requirements. Proper licensing will need to be obtained in all the jurisdictions that your company plans to operate at. Some exchanges operate without significant oversight of recognition and legality. There have been instances where cryptocurrencies have not been recognized by the Government. Whatever be the geographical location of exchange and the intensity of the regulatory requirements, it is important to adhere to the KYC (Know Your Customer) and AML (Anti-Money Laundering) norms.

Estimate the cause and assure the funds

Before the start of the project, it is a good practice to estimate the approximate cost involved. It is known that a bare minimum of 12BTC will be needed to develop and launch a cryptocurrency exchange. The cost includes but is not limited to technology, hosting legal advice, government registration, and marketing. While the whole of the cost might not be required in the beginning, assuring the availability of funds ensures that the project will not succumb in the midway.

Finding a technology service provider

Companies like Blockchain App Factory provide complete cryptocurrency exchange solutions charging a one-time fee without royalties or commissions. Buying a white label cryptocurrency exchange will also come in handy in the process of you launching the trading platform.

Ensure exchange liquidity

Liquidity is defined as the magnitude of the ease with which a currency or a cryptocurrency or an asset can be converted into tradable real-world cash. Liquidity for an exchange is the cornerstone to its success. If you don’t have a live order book with trading activity, there is a very good chance that potential customers think there is not enough demand on the exchange to sell their currency.

To circumvent this challenge, you can simulate activity on your exchange with dummy accounts within the new exchange. Another way to liquidity is to connect your exchange to an existing network of exchanges with a little cost. The magnitude of liquidity is directly proportional to the size of the network of exchanges.

Partner with the payment processor

You will have to consider a lot of factors like fee structure, lowest transaction rate, and processing fees before you choose your payment processor. There might also be differences when it comes to settlement time and compliances with the legal requirements. Be informed that your exchange is vulnerable to cybersecurity threats even through your payment processor!

Implement the security best practices

Security is of paramount importance for any place where the money is invested. The exchanges that are created by Blockchain App Factory ensure top-notch security, so it is immune to most cybersecurity threats. With the dubious record of security breaches like Mt. Gox, security is one aspect that users will meticulously consider before trading with any exchange.

Test your exchange

After the exchange has been built, and the contract with the payment processor has been set up, you have to ensure that the venture of the cryptocurrency exchange that you have created functions smoothly in its full range even at the beta level.

Marketing your exchange

While the technology and the functionality parts are important, it is equally important to ensure that your exchange is marketed in the right spaces. Making use of crypto news outlets and the classical elements like email marketing, search marketing, and social media could give your exchange the much-needed wings in marketing.

Provide ongoing customer support

This is one of the territories where most of the exchanges fail! A customer support desk that is diligent and attentive in satisfactorily resolving customer complaints should be in place to answer your customer queries 24/7. You can also consider implementing an existing helpdesk like Zen or Zoho.

What next? With a company like Blockchain App Factory, everything right from ideating your exchange to marketing your cryptocurrency exchange will be taken care of smoothly. Our white label cryptocurrency exchange scripts give you low-cost solutions for technology that is otherwise considered expensive. Just drop in your inquiries to us and we will take care to help you create and operate your own cryptocurrency exchange!

ByDavid Adamson

7 Best Exchanges to Buy/Sell Titan Coin in [2019]

Titan coin is a digital payment currency, which has been created to provide a faster and more secure means for making payments globally. The coin can be used by anyone for sending/receiving digital money worldwide.

Titan coin is based on a new kind of blockchain technology which uses hybrid (PoS/PoW) consensus for the processing of transactions. New coins in the Titan blockchain are mined via Staking process.

People who are also interested in the trading of Titan coins can do so at any of the exchanges where the coin is listed. For this purpose, Titan coin (TTN) has already been added to the top exchange platforms.

Here are the top 7 Exchanges where you can buy/sell Titan coin now.

1. P2PB2B

P2pb2b‌ is one of the most used and probably the best crypto trading platforms, for many reasons. It is highly secure and keeps most of the coins in cold wallets for added protection. P2pb2b‌ also works aggressively for the promotion of new and startups that have good potential. So, if you are looking to invest in a new coin, P2pb2b‌ is probably the best exchange for the purpose. The platform is available in multiple languages and all the services are completely legal, so you can be assured that your money is in safe hands.

Trade your BTC for new Titan coins at https://p2pb2b.io/trade/TTN_BTC

2. Mercatox

Mercatox exchange is another great place to trade Titan coins. The tagline “One platform. So many possibilities.” says a lot about the quality and features of the exchange, and it is not far from the truth. With Mercatox, you can trade many digital and crypto-currencies. It supports multiple e-wallets, payment methods, margin trading, lending, peer-to-peer currency exchange and many other things that you’ll not find with any other exchange.

You can now trade Titan coin at Mercatox https://mercatox.com/exchange/TTN/BTC

3. NovaExchange (https://novaexchange.com/)

Nova Exchange is one of the popular crypto exchange platforms. It supports over 300 digital assets which can be traded for each other. BTC, DOGE, LTC, TTN are some of the most popular coins being traded via the exchange.

Titan coin has been listed on the Nova Exchange to get exposure to a wide number of cryptocurrencies from all over the world, enabling investors to trade their coins for other, more profitable digital assets. Since Nova Exchange supports only high-potential coins, irrespective of value, Titan coin is expected to get good exposure here.

Trade Titan coin here: https://novaexchange.com/market/BTC_TTN/

4. SouthXchange (https://www.southxchange.com/)

SouthXchange is one of the best platforms for trading Titan coin for bitcoin and several other top cryptocurrencies. The exchange is known for features like fast and secure trading, low trading/withdrawal fee, real-time data updates, etc.

Another interesting thing is that SouthXchange is a mobile-friendly exchange, which means you can also trade Titan coin using your smartphone device on the go.

Trade at https://www.southxchange.com/Market/Book/TTN/BTC

5. ENMANET (https://www.enmanet.com/)

Enmanet is a modern digital asset exchange platform which was developed for global markets. Besides a simple yet streamlined listing approach, the exchange offers many features like instant trade execution, secure and multi-tier digital asset wallets, high-grade security mechanisms, and more.

With the mission to increase the worldwide adoption of cryptocurrencies, Enmanet platform excessively supports the listing of new, high-potential coins such as Titan coin.

You can trade Titan coin on the platform at https://www.enmanet.com/market/BTC-TTN

6. Crex24 (https://crex24.com/)

Crex24 is a rather new trading platform which is slowly rising to popularity. The best thing about this exchange is that you can trade both top currencies (like Bitcoin, ETH, LTC and more) as well as rare yet important coins like Titan coin here.

Some of the outstanding features of the Crex24 exchange platform include a simple and easy-to-use interface, real-time price updates, high-level data security, etc.

Trade TTN for BTC now: https://crex24.com/exchange/TTN-BTC

7. CoinExchange (https://www.coinexchange.io/)

CoinExchange.io is a leading exchange platform for altcoins. The platform supports a large variety of cryptocurrencies. It is particularly beneficial for smaller and less popular currencies which are yet to make big in the market. Coin Exchange platform aims to provide a stable price market for beginners and expert crypto traders alike.

Apart from cryptocurrencies, the exchange is also likely to support multiple other digital assets.

Trade Titan coin at CoinExchage: https://www.coinexchange.io/market/TTN/BTC

Besides the ones mentioned above, you can also trade Titan Coin on various other platforms including ESCODEX, P2PB2B and Mercatox.

ByDavid Adamson

Cryptocurrency Wallet App Development – Is It The Future of Blockchain Technology?

It is not the strongest of the species that survives, nor the most intelligent that survives. It is the one that is the most adaptable to change.

The law of evolution stated by Charles Darwin a couple of decades back still holds true in the case of businesses that are fighting in the blood-thirsty competition to survive, grow, and prosper. This is why, increasingly, the businesses are gravitating towards the adoption of innovative technologies to stay and thrive in the game.

With unprecedented innovations and amazing use cases of mobile, wearable, AR, VR, AI, IoT, and pretty more, if you think technology evolution has reached a saturation level. You are absolutely wrong. The not-so-old kid on the tech block- blockchain technology is ready to take the world by storm.   

Let’s understand what blockchain is:

Blockchain technology is actually a decentralized ledger that’s made up of blocks (or nodes) that are securely linked with each other through the cryptographic link to form a chain. In a distributed ledger, each block on the chain is distributed but not copied, and immutable in nature, but can be shared with no central authority. 

The ingenious invention that’s transforming the universe is originally brought to the world by the pseudonym, Satoshi Nakamoto which is underlying technology behind cryptocurrency (Bitcoin). Later, the tech has evolved into something bigger and now, it has become a backbone of the several cryptocurrencies such as Litecoin, Ethereum, Dash and Ripple, etc.

What are cryptocurrencies?

Cryptocurrency is a digital currency that’s used to execute the financial transactions securely due to cryptography. Security, no central authority, immunity to changes, no bank or government regulation or control, and no third-party involvement are the biggest allures of the cryptocurrency. That’s the reason it’s emerged as a great alternative form of payment to cash, credit cards, and checks.

The payment through cryptocurrency has certainly gained an upper hand in the world economy, but still not reliable and convenient in the age of mobile wallet app development. This need led the creation of cryptocurrency wallet app development which is a highly secure, convenient, and reliable option for the financial transactions.

Take a quick glance at the Cryptocurrency Wallet Application Development:

The cryptocurrency wallet app shares a resemblance with the digital mobile wallets that enable transferring funds, making transactions, peer-to-peer sharing, and pretty more. This type of wallet use cryptocurrency like bitcoin as a digital currency to enable quick, easy, and secure financial transaction without having intermediaries in between. The smart contract securely validates the transaction between different parties based on the pre-defined set of conditions.

There are different types of cryptocurrency wallets such as mobile wallet, web wallet, a desktop wallet, and hardware wallet that works on the same concept but have different accessibility and utilities. These wallets are carving a distinctive niche in the market due to the easy access it provides to the users access the funds in the form of wallet app.

The role of Blockchain Technology In it:

The cryptocurrency wallet app is an independent part of the blockchain’s public network where the information regarding every transaction is recorded, and reviewed and tracked by the user at any point of time. The app allows the user to turn the cryptocurrency into real paper money through QR code scanning that can be used for money transfer or shopping (Just in a few countries).

The wallet app can be created, locked, blocked, or deleted anytime without requiring any kind of user registration through a financial institution, or government. The cryptocurrencies can be sold through banks in a few nations. The peer-to-peer mechanism is also available that facilitates transparent and secure transactions. 

Most of the cryptocurrencies have their own apps while some prefer the users to use third-party apps to send and receive cryptocurrency in a secured fashion. It indicates the wallet apps allow the users to interact with different blockchains while conducting a transaction in digital currency.   

Benefits of Cryptocurrency Wallet Application Development

  • The transaction becomes cheaper and faster

Either opening a bank account or creating a wallet app and conducting transactions require the users to visit the bank or financial institutions where the users are required to wait for some time and additional fees or charges is the part and parcel of the game. This is not the case with cryptocurrency as the user can create, setup and start using the wallet app in a matter of minutes with no additional questions to answer or fee to pay.

Additionally, there are some countries like Europe that allow users to buy anything using paper cryptocurrency with minimal charges involved. Therefore, with no broker or third-party involvement, the transaction becomes easy, inexpensive, and quick.  

  • No centralized regulation

The cryptocurrency doesn’t play by rules because it’s not supported by national banks and not obliged to meet any nation’s regulation. Besides, maintaining and making transactions through cryptocurrency is not restricted by any of the state and bank presets, just the way they are imposed on national currency (bank monitors every transaction, impose high commission charges, restrict cash out on bank deposit or cash circulation, and more).

No government or bank has control over the cryptocurrency transactions that are done through wallets, which makes it decentralized.

  • Global acceptance

It’s an international currency whose value remains same in every corner of the world, which means no matter where the users are, they can make transactions having one wallet with no issues of the current exchange rate. Moreover, trading or sending cryptocurrency abroad is as easier and faster as going to the neighborhood because there is no restriction on the transaction amount, no excessive commission for international transaction, and transactions can be accomplished in a couple of clicks.

  • Unmatched safety level

The cryptocurrency wallet has gone the extra mile to keep the transactions secure. With cryptography linking, public and private keys to conduct transactions and record immutability, the wallet gets protected against different ways of scamming. The wallets also allow the users to store data offline through cold keeping that makes it impossible to hack the data through the internet. The users can keep all the cryptocurrencies cold and just transfer the amount to address that needs an internet connection, which makes the wallet robust secure to use.

  • The great degree of anonymity

Cryptocurrency wallets are owned by the user who has created the account and no third-party has control over them. They are absolutely anonymous and transparent as the user can make endless transactions without revealing the name, phone number, or other details. The users can track only the last transactions and stay unaware of what the receiver did with the cryptocurrency. 

Future implications of cryptocurrency wallet

The several advantages and enormous potential of the cryptocurrency wallet clear up the air that soon people stop looking at this wallet as exotic and unusual. Simplicity, speed, and convenience are the key factors due to which wallet is gaining major attention and wider adoption across the globe. It’s expected to continue in the years to come.

In the developed nations, the hardware-powered cryptocurrency wallets, ATMs for cryptocurrencies, and POS terminals for cryptocurrency in the shop are already getting used and leading players are also joining the race. Moreover, the investors, billionaires, and even some governments supporting the cryptocurrency wallet initiative.

It’s a sign, the great hype created around cryptocurrency wallet and blockchain will not burst like a balloon, it’s here to stay as a powerful digital financial transaction tool.  

Author – Bio

Shahid Mansuri Co-founded Peerbits, one of the leading mobile application development company USA, in 2011. His visionary leadership and flamboyant management style have yield fruitful results for the company. He believes in sharing his strong knowledge base with learned concentration on entrepreneurship and business.

ByDavid Adamson

Blockchain Technology – Development And Use Cases

The crypto stores initially pursued the task of creating a cryptocurrency that would not depend on a third party and possess the properties of cash currency in the electronic world: an instantaneous exchange of funds for a product or service. It is for this purpose that the blockchain technology was developed, which allowed rethinking the approach to solving problems in other areas.

Use cases of blockchain technology

Payments

The use of cryptocurrency as a payment instrument was the first use of blockchain technology and became widespread in the black and unregulated markets. The goal of the creators of the first digital currencies was achieved, but for the average consumer, this is not the preferred method. Blockchain is by its nature much more convenient for sellers than for buyers:

• The inability to cancel the transaction and get back the money for a defective product or service;

• The only thing that provides security and access to an electronic wallet is a private key, in case of loss of which funds are lost forever.

Smart contracts

The blockchain technology allows you to create distributed applications on a basis, the code of which is executed on the machines of the network participants. The principle of operation of contracts is very simple.

This allows you to draw up contracts in the form of executable code that will be executed in any case: it is protected from human factors and violations of the rules. Errors in the development of an interpreter of smart contracts can be avoided using open source software.

Data storage

Since the blockchain is essentially a distributed database, you can store any information in it, not just transaction records. This approach will ensure the reliability and availability of information for all network participants at any time. However, in systems of distributed data storage on the blockchain, data is encrypted and distributed between network nodes, which makes the process of changing data very slow and unreliable.

Voting

The principle of eliminating the control device between remote subscribers allows implementing a fair voting model based on the blockchain, where it is impossible to juggle the results.

The resulting distributed application can be used to manage the assets of not only the Ether currency but also any others.

Applicability of blockchain technology

It is important to understand when the blockchain is really necessary and not to try to use it absolutely in all areas. Although this desire is understandable – the technology itself is incredibly curious and carries great opportunities.

Many critics of the blockchain say that in 10 years of its existence, no one has come up with a killer app; an application that would conquer the market and become universally used. Perhaps such a system using only blockchain will never appear, but its own niche and narrow scope of application will definitely be found. You should meet with blockchain development companies to hire blockchain developers.

Development and support by companies

VMware

Many companies are interested in studying and developing blockchain technology. For example, in VMware, an entire research department was created that studies the impact of the blockchain on the field of financial technologies in general. They formed their unique vision, which is based on five points:

• Private distributed storage systems without using proof of work (PoW);

• High-speed data replication;

• The world of many blockchains; not a single network;

• Transaction support with cross-transaction capability;

• Built-in membership management;

We strongly recommend that you read the publications of VMware researchers to anyone who wants to learn more about the work of the blockchain and the future of this technology.

In addition, BlockChain on vSphere is a ready-made solution for users of VMware services which allows you to create your network in a few simple steps.

HyperLedger

In 2015, the Linux Foundation group founded an umbrella open source software project for the blockchain and related tools – HyperLedger, which is designed to support the joint development of distributed registry technologies based on the blockchain.

The HyperLedger project also has its own research center, which accumulates the experience of many companies: from the consulting and financial sector to the IT giants.

NEO

NEO is an open blockchain for smart economy. The creators aim to develop an ecosystem of smart contracts based on their network.

At the core of NEO is a proof-of-ownership model which makes it possible to achieve up to 10,000 operations per second. NeoGPS cryptocurrency is used as a deposit, and NeoGas is used to pay transaction fees, which is created when new units are received and distributed among Neo owners.

Competition

NEO Developer Contest was held with a prize pool of $490,000 in partnership with Microsoft. Participants were invited to submit a prototype of the application using the capabilities of smart contracts NEO.

Separately, it is worth noting the presence of support for several programming languages (Java, Python, C#) which permits using blockchain capabilities in existing systems and not waste time learning a new language.

Based on Neo, private blockchain can be implemented. The creator of the network immediately gets 100 million Neo at his/her disposal and can use them as a currency for applications or other purposes. For maintenance and initial launch of the network, a minimum of 4 machines are required, which can be created in one private cloud.

These are some of the applications and the development that takes place on the blockchain technology. Businesses from different fields are integrating this technology into their daily activities to ease processes. You can hire a blockchain developer by contacting blockchain development companies.

Author Bio:

Harnil Oza is a CEO of Hyperlink InfoSystem, a mobile app development company based in USA & India having a team of best app developers who deliver best mobile solutions mainly on Android and iOS platform and also listed as one of the top app development companies by leading research platform. He regularly contributes his knowledge on the leading blogging sites.

ByDavid Adamson

Step By Step Guide To Starting Your First ICO Project

Starting an Initial Coin Offering (ICO) token sale might feel like a troublesome task to those who are just beginning in the crypto industry. But if you know just the right approach, you can save yourself a lot of money and time and make things quite smooth while starting and running an ICO.

With that purpose, we are today going to share a brief yet complete guide to starting the first ICO project.

But, first things first.

What is an ICO?

ICO, or Initial Coin Offering, is a new kind of fundraising method in which the issuing company sells a new cryptocurrency (token) in exchange for investors’ money, usually as a way to raise funds for a new project.

How to start your own ICO

Here’s a step-by-step guide to starting and running a successful ICO token sale.

Step 1: About the Project

Start by telling people about your project. You simply cannot expect anyone to invest in your ICO unless you tell them everything about the project and convince how investing in it will profit them.

For this, you must have a very good idea of the project concept and the problem it is trying to solve. Then, you need to find a USP (Unique Selling Point) that makes your ICO better or different from the existing ICOs. Then, start telling about it by writing on your ICO website, writing in the whitepaper and sharing on social media and other places.

The more people know about your project, the more likely they are to become a part of it.

For instance, DAVX coin, which is a digital payment currency, is all about providing an alternative to bitcoin by making digital payments convenient and secure. By spreading the message all over the internet, social media, forums, etc. they are making sure that the investors know about the coin before investing in the ICO.

Step 2: Project (ICO) Calendar or Roadmap

The project roadmap is also an important thing to include on your ICO website/whitepaper in order to give investors a clear idea of how the project will proceed, when and how you are planning to hold the ICO sale and what happens after that. So, make sure to craft a good and achievable roadmap for your project and convey the same to your targeted audiences.

Step 3: Technical Specifications (Whitepaper)

While most of the novice investors may not ask for the technical specifications of the project before buying your tokens, a professional/experienced investor always will.

Technical specifications include the technical details of the project, including the blockchain type, implementation mechanism, token details, smart contract, mining process (if there is the mining of coins), etc. Make sure to explain everything in detail in your ICO whitepaper.

Step 4. Smart Contract

Smart Contract is a blockchain application that is created mainly for the purpose to work as a digital contract for the users of a blockchain network. Smart contracts are written in computer code and can be customized to validate any kind of digital transactions such as payments, contracts, ownership transfer, etc.

Every ICO which is powered by blockchain technology must have a smart contract to digitally and fairly process the investors’ money. The smart contract must be available to investors on request.

Step 5. Explain How The Project Makes (or will make) Money

One of the major concerns of the investors of any new ICO is whether the project is even capable of giving a return on the investments. No investor will ever want to put their money in a project which does not have a proper revenue mechanism.

For instance, a digital currency will be used for payments as well as for trading on exchanges. So, the investors can earn profits by using or trading/holding the coin.

Similarly, the issuers of new ICOs must also have a clear and proper mechanism for revenue generation for the platform as well as for the project investors. Do explain the same in your project whitepaper.

Step 6. Lending Program

If there is a lending program associated with the project, make sure to specify it in detail in the whitepaper. A lending program is where the issuing company allows token-holders to lend/borrow money in exchange for cryptocurrencies.

Other than the lending program, you may run other user-exclusive programs such as crypto exchange, in-wallet transfer, etc.

Step 7. Affiliate Program

Also commonly known as Airdrop program, this involves paying a commission (usually in the form of tokens) to the people who bring investors to your ICO. An Airdrop program may also involve paying free tokens to those who help promote the ICO via several means such as social media, communities, etc.

If you are running an affiliate/airdrop program with your ICO, make sure to convey it properly with the potential audiences.

Step 8. Listing on Top ICO sites

In order to get your ICO more popular and increase its reach to more and more people, you must mandatorily list it to various ICO listing sites such as ICOBench, CoinHills, ICOHolder, FoundICO, ICOBazaar, etc.

The ICO listing process on these sites is quite simple. You’ll have to provide the details of your ICO along with an option for potential investors to connect. Then, you can sit back and wait for investors to start pouring (depending on how good your project actually is).

Step 9. News Section

Adding a news/blog section to your ICO website is another very promising way of creating engagement and converting traffic into sales. Keep your website’s news section up to date with the latest updates about the project, investment tips, ICO tips, etc. Add a comment section to your blog and always reply to user comments to further create engagement on your posts.

Step 10. Future of the Project

Last but not least, you should have a clear vision for the future of your ICO project. Any investor who wants to invest in your token/coin would first like to know about your future plans. You should be able to convince them in a genuine way that the project will succeed in the future and have great potential for the same. The thing that I like the most about ICOs is that anyone can start them. But that is also the thing that makes them dangerous, as anyone (even a fraud person/company having no intent to develop anything actually) can start an ICO. Investors are, therefore, becoming very careful when investing in a new token or ICO. Make sure that you deliver a good ICO experience with all the things mentioned here.

ByDavid Adamson

Libra Coin – A New Digital Currency Developed by FACEBOOK

Libra is a cryptocurrency developed on blockchain technology. It is launched by the most popular social media giant Facebook. The main motto behind shaping Libra is to empower millions of unbanked and under banked people by giving them equal financial opportunities and to bring everyone on to a single financial platform.

Libra, will help you in faster and quicker transactions, one can experience the lightning transaction with minimal or no charges. You can sit in your home and transfer money to another person who is in the other part of the world. And to this, all you need is a mobile with data connectivity.

Libra is developed on Blockchain technology, it is a decentralized programmable database that helps in backing the more stable currency, that will have the capability to become the medium of exchange for transacting money to millions of people around the world.

Libra is an independent association, it is a non-profit organization running with a vision to provide basic financial infrastructure and global currency to emancipate millions of people. Libra Association is formed by the compilation of validator nodes, mostly they are academic entities, international corporations, and social impact partners.

The Libra Blockchain is an assigned system that supervises exchange and ownership of Libra. In the process of transacting Libra, there is a slight chance of attacks on the system and here Blockchain helps in defending attacks using LibraBFT.

A perfectly developed and secured software is a must to protect the Libra Blockchain. A new programming language called MOVE is used in Libra. It is a safe and reliable programming language for Libra Blockchain. It is a sensible bytecode language used to implement smart transactions and smart contracts.

Libra is definitely a game changer in the field of cryptocurrency as it is backed by a stable reserve, there is no need of worrying about the fluctuations in the value of the Libra.

Libra Coin – A New Digital Currency Developed by FACEBOOK

Mrbtc.org comes with an interesting infographic on Libra Cryptocurrency, checkout the following infographic and lets us know your feedback on it.

ByDavid Adamson

Know Why So Many People Are Supporting The Titan Project

Titan Coin has introduced only a few days ago and is already trading as one of the most trending coins of the year. It is one of the few coins which has been listed on popular sites like Coingecko and Coinmarketcap at such an early stage.

A lot of people are trading Titan Coin on multiple exchanges, including Escodex, SouthXchange, Nova Exchange, Enmanet, Crex24, etc. where the coin has been listed. There are many others who are still wondering whether they should buy this coin or not. We will try to answer that question here.

Titan Coin is an alternate coin (altcoin) which was created in order to provide users with a better, more secure and faster digital currency for making global payments and money transfers. Titan Coin enables its holders to send/receive digital money to or from anywhere in the world at any time.

The things that make Titan Coin different and better than most other digital coins out there are – its highly secure blockchain, fast transaction speed (instant transfer) and low transaction fee.

Here’s why Titan Coin is getting more popular with each day.

Titan Coin is backed by a next-gen blockchain technology, which uses hybrid PoW/PoS system for validating transactions. It also uses SHA 256+ Groestl dual algorithm system for ensuring the security of transactions passing through its blockchain. What makes this blockchain tech unique is its capability to perform instant transactions in a much more secure way.

Titan Coin uses a customized version of the SHA 256D security mechanism employed by the bitcoin blockchain. This provides more security and speed to the transactions.

The use of hybrid consensus in blockchain will be profitable for the miners of Titan coins, as less energy will be consumed in the mining of these coins. Moreover, the platform will award its long-term users and miners.

Being based on the blockchain technology, Titan Coin uses peer-to-peer transfer mechanism for transferring digital currencies without any centralized authority or third-party like a bank. Transactions in the blockchain are automatically verified by the associated nodes and securely stored in a distributed ledger. Since there is no centralized authority or middleman in Titan Coin transactions, the fee for sending/receiving money is very low. The hybrid validation mechanism further ensures that the transactions are deprived of any kind of fraud.

Titan Coin relies on a powerful and most advanced blockchain tech which has a block generation time of as low as 60 seconds. This means that the transactions on this blockchain are very fast and the payments are instant.

To store and use your Titan Coins, there are multi-cryptocurrency wallets available for different platforms, including web, mobile (Android, iOS), Windows, Linux, etc. Basically, you can store, use and manage your coins on any device and even on the cloud.

Other than that, Titan Coin has already been listed on multiple major crypto exchanges where you can trade it for popular cryptos such as Bitcoin, Litecoin and ETH. Need more reasons to support the Titan Project? Titan Coin is the most revolutionary coins of the year. Do visit the official project website to know more.

ByDavid Adamson

Taiwan – An Upcoming Blockchain Leader

With an area of 13,826 square miles and a population of 23 million, Taiwan is one of the smallest countries in Asia. But despite its size, this tiny East Asian island is serious about innovation and is set to become the next crypto capital of the world.

The island has made major efforts to advance the adoption of cryptocurrency and blockchain technology. These advancements have made the Asian nation-state an attractive destination for tech start-ups focussing on Blockchain.

Taiwan’s journey to becoming the next crypto capital of the world is fuelled, in part, by the efforts of one parliamentary congressman by the name Jason Hsu. Nicknamed the ‘Crypto Congressman’ by Ethereum cofounder Vitalik Buterin, Jason Hsu is on a mission to integrate blockchain technology on a national scale and promote the use of the technology on applications beyond cryptocurrencies. The goal is to make Taiwan a haven for people and organizations working on different applications of blockchain technology.

Who’s Jason Hsu?

So, who is Jason Hsu? How exactly does he hope to make the island ripe for blockchain development and integrate the tech in the public sector? Jason Hsu became an official legislator and a member of the parliament in 2016.

Before becoming a parliamentary congressman, Hsu was a Silicon Valley tech entrepreneur. He is a vocal proponent of blockchain and crypto in terms of Self-Regulatory Organizations (SROs). In his role as a congressman, Hsu has made it clear that Taiwan is open to blockchain and cryptocurrency innovation.

Before joining politics, Jason Hsu worked as an advisor to the prime minister focusing on developing information and technology-related policy. Since then, Hsu has been involved in the drafting of several legislations relating to virtual currency, autonomous vehicles, cybersecurity, and other technologies. Jason Hsu is very passionate about turning Taiwan to a blockchain island.

But how does the former Silicon Valley techpreneur plan to achieve that? By using his legislative powers to bridge the gap between technology and public policy and remove legal barriers to technology innovation in Taiwan.

Walking the Talk 

Since becoming a legislator, Jason Hsu has done a great job at introducing legislation aimed at helping Taiwan become a blockchain island. In an interview with Jason Hsu, one of our writers asked the learned exactly how the Taiwanese ‘crypto congressman’ plans to turn his dream of a blockchain island to reality.

In December 2017, Jason Hsu facilitated the creation of Taiwan’s fintech regulatory sandbox. The sandbox allowed selected start-ups to launch new products and services with some immunity from existing regulation for up to one year.

The Financial Technology Experimentation and Innovation Act, popularly known as Regulatory Sandbox Bill, is a historical regulatory overhaul that will usher in a new era for the island’s fintech. Creating the sandbox was a response for the Chinese government decision to block websites offering Initial Coin Offerings (ICOs) for new cryptocurrencies in mainland China two months earlier.

Ready and willing to walk the talk, Jason Hsu approaches his goal of helping Taiwan become a blockchain island with an entrepreneurial mindset.

What About Taiwan That Makes It Ripe for Blockchain And Technology Development?

With the help of Congressman Jason Hsu, authorities in Taiwan are making huge strides toward turning the nation-state to a blockchain island. The ‘blockchain congressman’ has helped create a bipartisan alliance designed to help support the blockchain industry.

The parliamentary coalition is currently working on implementing a number of crypto and blockchain legislations that nurture and cultivate blockchain and fintech and attract more start-ups to the island.

Jason Hsu is a former Silicon Valley tech entrepreneur. He’s the leading effort in transforming Taiwan into a blockchain island. The East Asian island has passed — or is in the process of passing — legislation designed to attract blockchain start-ups. Jason Hsu believes that the island is in a unique position to implement and develop blockchain technology.

According to the congressman, Taiwan’s large pool of talent has the potential to pilot and pioneer projects that can build actual applications for the blockchain and build Taiwan as a blockchain island.

ByDavid Adamson

What are the Challenges and Risks that are possessed by IoT & Blockchain

Blockchain is essentially a database that is home to constantly growing data records. It has got a distributive nature which means there is no parent computer that manages the entire chain of blockchain technology.

There are numerous nodes that participate in the system and have a copy of the chain. Nature is ever growing because silos of data keep adding to the database.

So, when a person adds a transaction to the chain, all the participating nodes in the link will validate that transaction. This is done by applying the algorithm to the transaction which verifies the validity.

The validity will differ from system to system and each valid transaction will be defined for a particular blockchain system. The majority of the participants will have to agree to validate the transaction.

A bundle of validated transactions are made into a block and then sent to all the nodes in the link. They also have to validate the new block created. Each successive block contains a hash, which is a unique fingerprint, of the previous block.

What are the challenges in Blockchain in IoT?

Scalability issues: The scalability problem vis-a-vis the size of Blockchain ledger may effectuate into centralization. The progress over the time entailed some sort of record management which raises questions of eclipsing the future of Blockchain technology. 

Processing power and time: The Blockchain based IoT ecosystem is comprised of diverse devices that function on different computing capabilities. This means performing encryption algorithms will not be easy for the objects that are a part of Blockchain.

All these varied objects will not get along in running the same encryption algorithms at a particular speed as needed.

Storage will be a big problem: Blockchain does not need a central server for storing transactions and device Ids. The ledger has to be stored on the nodes themselves, and the ledger will definitely augment its size over a period of time.

This will go on to become something that is beyond the capabilities of different smart devices such as sensors, which do not have high storage capacity.

What are the risks of using Blockchain in IoT?

Since Blockchain is a relatively new technology and is in a very nascent stage, there may be numerous problems swept under the rug and have not been detected. The new technology will obviously come with new risks.

Therefore, it is imperative that an organization is prepared with its umbrella of mitigation plans before the hurricane of problems arrive. You must be ready with analysis, assessment, and reduction of the risks anticipated with the introduction of this technology.

Vendor Risks:

The present-day trend is that most of the organizations looking to induct blockchain-based applications deploy the system completely in-house. They do not have the required skills and expertise to develop such a blockchain based system and also suffer from the inability to enforce smart contracts. The organizations refrain from reaching out for vendors for designing of blockchain applications.

The credibility of the vendors says a lot about the value of these blockchain applications. Since Blockchain-as-a-Service (BaaS) is in its incubation stage, business organizations should consider banking on vendors or blockchain development company that can cull out robust applications capable of mitigating the concomitant risks of the blockchain technology.

Credential Security: Blockchain is a very safe technology and the security is beefed up by its high-security levels. However, a blockchain based system’s security is dependent on the system’s access point. In present times, these systems do not provide multi-factor authentication.

This means that in a public blockchain system any individual having the private key of any user will be able to sign transactions on the public ledger. Another problem is that when an account’s private keys are lost, it will eventually lead to loss of data, funds, and other information managed by the account.

Legal and Compliance: There is no jurisprudence in the domain of blockchain technology which means there is a lack of a framework that determines right and their infringements. In the absence of any legal precedents to follow, there is a great risk posed on the IoT manufacturers and IoT development service providers.

This is a big challenge and is likely to become a bottleneck for businesses planning to switch over to Blockchain technology.

What is an ideal secure IoT Model?

A secure model of IoT is to be introduced with stringent validity checks, data encryption at all the levels, data verification, and authentication. In order to create an ideal secure model, the most important thing is to build in security in the very foundation of the IoT system.

In the absence of a secure and solid structure, the system will become very prone to threats and risks. The addition of different devices to the IoT will up the ante even more. The need of the hour is to design privacy protected IoT system.

Author – Bio

Shahid Mansuri |Email : Mansuri@peerbtis.com

Shahid Mansuri Co-founded Peerbits, one of the leading mobile app development company USA, in 2011 which provides Blockchain app development services. His visionary leadership and flamboyant management style have yield fruitful results for the company. He believes in sharing his strong knowledge base with learned concentration on entrepreneurship and business