The developer of Lightning Network

Lightning network is a layer that exists on bitcoin. This is the latest invention introduced by the bitcoin community. This layer can be used as a payment protocol. This is made possible by the ability to convey its value through people. It is clear that bitcoin will be both a transport and an applied layer.

The lightning network has been applauded by many for its potential to solve the problem of bitcoin scalability. It achieves this by allowing transactions between participating nodes. Concerns have also been raised about the readability and importance of educating people about the use of cryptocurrency. It is said that the training would go a long way to ensuring that those involved in the crypto world are well informed about its activities. On this basis, COINBASE is a platform that recruits and trains traders and users to use cryptocurrency. This article offers you information on recruiting in the Lightning network, layer on bitcoin.

Coinbase activities include the sale and purchase of cryptocurrencies. They also include offering secure storage. As the Lightning network is a new feature in the crypto world, it is important that all stakeholders have a good knowledge of its operations. The network has a system known as peer-to-peer, which has the ability to make micropayments. In essence, the peer-to-peer system works with digital cryptocurrency through a network of channels, leaving no custody of third parties. It is also important to note that the Lightning network is built mainly on payment channels. This is an idea borrowed from Satoshi Nakamoto, the founder of bitcoin.

How the network works

The network works by allowing two people to place a few bitcoins in an address with multiple signatures. This was followed by the signing of the deals by the parties. These transactions have the ability to change the amount of bitcoins that each country can redeem. However, each party has the option to close the payment channel at any time. The last signed transaction, containing the most current balances for both parties, is broadcast and added to the bitcoin blockchain. The Bitcoin blockchain is an ever-growing list of records that are connected and protected by cryptography. This list is called blocks. It is also noteworthy that the blockchain is an open, distributed book that can be used to record transactions between two parties in a way that is verifiable and permanent.

The developer of Lightning Network effectively allows users to conduct direct business transactions without broadcasting. Obviously, the operations are quite secretive, as they are not broadcast. This method has been found by many to save time spent during transactions. At the same time, the method was welcomed to avoid blockchain costs.

With the development of current trends in business, it becomes clear that more and more people are interested in cryptocurrency. This is a reasonable trend without a doubt, as the value of coins is estimated to be increasing. True and solid knowledge of currencies would be of great value if acquired before joining those already in the crypto world.

The importance of using Cryptex Locker


Cryptocurrency is a relatively new concept. Stable knowledge is required to perform transactions using cryptocurrency. This area is growing rapidly and is becoming very popular. At the same time, hackers began adopting newer methods to cause distress and steal all currencies. But it is possible to provide safeguards for digital currencies to avoid huge losses. This article deals with this part of cryptocurrency, which talks about protecting them from malicious attacks. The concept of liquid pool cabinets is also discussed in detail below.

We can define cryptocurrency as digital tokens that can be protected by cryptography. We can look at it as a digital asset. Cryptocurrencies have experienced many reactions and controversies for many reasons. These reasons mainly include their use for illegal activities and their vulnerability to malicious attacks. At the same time, they also received praise for a variety of reasons, including their transparency, portability, and so on. Bitcoin is the most popular form of cryptocurrency.

How to protect cryptocurrency?

As already mentioned, cryptocurrency is a new market. But that doesn’t make it any less vulnerable to hacking and theft. Therefore, it becomes very necessary to protect digital currencies. There are various cases where people have been exposed to malicious attacks.

Such attacks lead to the loss of several cryptocurrencies. People who hack these accounts then tend to disappear on the Internet and it becomes impossible to track them. They also take loads of digital currencies with them.

One of the best ways to protect digital currencies is to use a wallet. Initially, there were two types of wallets. These days, new designs are being introduced. Among all these options, a physical wallet should be the best option. They are also called hardware wallets. They have a password that one needs to know in order to access the tokens. There is also a big drawback to these hardware wallets. If the user loses or forgets the password, he can never access the tokens by any other method.

In addition, there are paper wallets, which are online wallets.

Users should always use strong passwords and should never share their secret keys.

Why should we use a liquidity pool locker?

Cryptex is a type of liquidity cabinet. The liquidity pool cabinet allows the user to store their tokens under a smart contract. Under this contract, they cannot transfer tokens from the start date to the end date specified in the contract. There are various such lockers, and some of them are also very famous. Due to such restrictions, currencies remain strong and not vulnerable to malicious attacks. The user can also customize the duration and then store the LP tokens. These lockers do not take over the tokens, their function is to keep them safe for the mentioned period according to the smart contract.

Among all the techniques, the liquid pool cabinet is very effective. In addition, it does not carry risks compared to cold wallets.

If an individual (developer) does not own the LP tokens, he cannot claim back the funds from the pool at any time.

Bitcoin wallets – all aspects are explained


Bitcoin is a well-known digital currency and is unlike the physical or traditional currencies used around the world. This is a completely different type of currency because it does not exist in physical form or form in the world. They are mainly stored technically and used in the world of the Internet. If you want to use bitcoin, you need to have a bitcoin wallet.

What is a bitcoin wallet?

In general, the bitcoin wallet is a software program in which bitcoins are stored securely. The wallet is similar to a virtual bank account and allows a person to send or receive bitcoins and save bitcoins. Those people who use bitcoin and have a balance, they receive a private key or secret number for each bitcoin address that is stored in the bitcoin wallet. Without a private key, a bitcoin transaction is not possible. You can use your bitcoin wallet from anywhere in the world.

The main reason for getting a bitcoin storage wallet is to use bitcoin easily and safely. This is a digital wallet that can work easily on your smart phone and computer devices. If you are worried about hacking, then this is the best option because it gives complete security and safety to your bitcoins.

Different forms of bitcoin wallet

There are several different forms of bitcoin wallet and each of them is used according to their requirements.

The four main types of bitcoin wallets are listed below:

• Mobile
Those who use bitcoins on a daily basis, regularly trading, buying goods and other daily activities, for them the mobile BTC wallet is a great option. This is an application that works on your smart phone. This will store your private keys and allow you to pay for things or use cryptocurrency from your phone easily from anywhere in the world.

• Network
Web wallets allow you to use bitcoins from anywhere easily and in any mobile or web browser. Remember to choose your web wallet carefully because it stores your private key online and can sometimes be risky.

• Desktop
Desktop wallets are downloaded and installed on your computer or desktop and offer you complete control over your wallet. You can store a private key and create a cryptocurrency account address to send and receive bitcoins.

• Hardware
Hardware wallets are offline devices and are the most secure bitcoin wallet. They store your private keys offline so they can’t be hacked. This means you can use it on your computer whenever you want.

Your coins are completely safe because your bitcoin wallet can only be controlled by you. No one else can get the details of your bitcoin unless you share the password. So use bitcoins without worrying about theft.

Will crypto-based e-commerce destroy the dinosaur-style banking industry?

Banking as we know it, has existed since the first currencies were minted – perhaps even before, in one form or another. Currency, especially coins, grew out of taxation. In the early days of the ancient empires, the annual taxation of a pig may have been reasonable, but with the expansion of empires, this type of payment became less desirable.

However, after the situation with Covid, it not only seems that we have moved to a “cashless” society (as who wants to handle potentially “dirty money” in a store) and “contactless” levels of credit card transactions have now increased to £ 45, and now even small transactions accepted, such as a daily newspaper or a bottle of milk, are paid for by card.

Did you know that there are already over 5,000 cryptocurrencies in use and Bitcoin stands out from this list? Bitcoin, in particular, has a very volatile trading history since it was first created in 2009. This digital cryptocurrency has seen a lot of action in its relatively short life. Initially, bitcoins were traded for almost nothing. The first real increase in price occurred in July 2010, when the valuation of bitcoin went from about $ 0.0008 to about $ 10,000 or more per coin. Since then, this currency has undergone some major ups and downs. However, with the introduction of so-called “stable” coins – those backed by the US dollar or even gold – this volatility in cryptocurrency can now be brought under control.

But before we explore this new form of crypto-based e-commerce as a method of controlling and using our assets, including our FIAT currencies, let’s first look at how banks themselves have changed over the last 50 years or so.

Who remembers the good old checkbook? Before bank debit cards appeared, in 1987, checks were the main way to transfer assets to others in commercial transactions. Then, with bank debit cards, along with ATMs, the acquisition of someone’s FIAT assets became much faster for online commercial transactions.

The problem that has always been with banks is that most of us needed at least 2 personal bank accounts (current account and savings account) and one for each business we owned. Besides, trying to move money from your bank account “quickly” to say a destination abroad was something like SWIFT!

The other issue was price. Not only did we have to pay a regular service fee to each bank account, we also had a huge fee for each transaction and, of course, in very rare cases we would not receive any interest on the money in our Current Account.

on top of that, Overnight Trade every night using expert financial traders (or, later, artificial intelligence (AI) trading systems, all OUR assets will also be traded with economies of scale, banks became a big winner on our assets – but not us! Explore the potential business that can be done by OVERNIGHT Trading.

So, to sum up, banks not only charge a huge fee for storing and moving our assets through the use of smart trading techniques, but they also make solid profits from trading our money over the Overnight chain, which we don’t see as a benefit.

The other point is – do you trust your bank with all your assets?

How about what the Bank of Scotland, which was the Scottish National Bank now owed to the Lloyds Banking Group, was recently told in a press release in September that said “Lloyds Bank asset fraud – the most serious financial scandal of modern times.

Why not Google this website and then make a decision?

So let’s now look at how a crypto-based e-commerce system should work and how the benefits that banks have enjoyed with OUR money can become a major profit center for asset holders – the US!

10 years oldyou October 2020 launches a large new e-commerce company based on crypto – FREE.

In short, Switzerland-based FreeBay is a company that includes its own blockchain technology, with its own SAFE crypto coin (based on V999 technology) and allows its members to transfer their FIAT assets to gold bars, eliminating the need to include any BANK.

V999: digital gold authorized by the blockchain; digital token backed by physical gold V999 Gold (V999) is a digital asset. Each token is lined with one tenth of a fine gram gold bar stored in vaults. If you own a V999, you own the main physical gold in custody. On top of that, FreeBay members can purchase packages that include powerful automated robots based on intelligence.

So now you can not only achieve complete independence from the standard BANK, but you can also trade, as banks, with your digital gold assets, in the form of V999 Crypto tokens, in OVERNIGHT systems, only now do you, the asset holder, receive the prizes, not the banks.

But there is another big advantage in trading V999 tokens. As you would be Generic owner of the token, so, like banks, every time a V999 token is traded (ie sold), say, to buy bitcoin or another cryptocurrency, a transaction fee is charged. Each time a transaction is made, the general owner of the V999 token receives a small percentage of that fee.

Note that once a V999 token is traded and sold in exchange for bitcoin or another cryptocurrency, a small% of that transaction fee is paid to GENERIC OWNER of this token (ie YOU). Because Freebay’s goal is to make the V999 token one of the most sought after secure crypto coins, even after your token has been sold to another merchant, as you are still Generic owner of the V999 tokenwhen this token is traded by another trader, you are – The general owner of this token, who receives a payment of the Trading Commission.

This can not only create great Passive income for you, for life, but subordinate to your descendants – not a conventional bank involved anywhere.

So, the more V999 tokens you buy and put into circulation, the bigger and better your residual income – not just for the rest of your life, but probably for your addicts as well – can become a reality.

Interested enough to learn more? Then click here.

6 tips for success that you can follow if you are a cryptocurrency trader or investor

Today, most people know the potential of cryptocurrencies. This industry is going through a revolution in the business world. This is the reason why more and more investors are joining this industry. Although it is easy to be part of this industry, success may not be easy for everyone. Therefore, in this article we will share with you some tips for success. Read on to learn more.

1. Research and increase your knowledge

If you don’t have the basic know-how for something, you can’t invest your money in it. Similarly, if you are unfamiliar with cryptocurrency trading, first make sure you have a basic knowledge.

You should start by learning basic terms such as private keys, digital coins, wallets and public keys to name a few.

2. Consider diversifying your investments

It is important to remember that the value of cryptocurrencies will continue to fluctuate. You cannot predict when the value of a coin will increase or decrease. So if you want to be safe, you may want to consider diversifying your investments.

This will help you minimize the risk and increase the likelihood of winning. So you may want to stick to this strategy, especially if you are starting out.

3. Invest steadily and avoid over-trading

You need to invest a few hours on a daily basis to learn how to trade cryptocurrencies. You need to understand how the market works. This will help you get a pretty good idea of ​​the popularity of a particular currency. As a result, you can choose the best investment strategy.

4. Be technically understanding

You also need to learn how to use the latest technology to your advantage. Because cryptocurrencies are a type of digital currency, you can buy and sell them using technology. Therefore, you need to learn to use crypto ATMs and all the other things involved in this process.

5. Be aware of fraud

Regardless of the type of business in which you invest your money, you will have to deal with fraudsters. So, if you know how to use the Internet, you can easily identify fraud. If you are well informed, no one can take advantage of you.

6. Consult trusted professionals

It is a great idea to consult trusted professionals in this field. If you follow their advice and take their helpful advice, you will be able to take better steps. In this case, you can also watch videos on YouTube and join the relevant groups on Facebook.

You can also consult with friends and family if they have experience in trading and investing in cryptocurrencies.

Last thoughts

In short, if you want to succeed after investing your money and cryptocurrency, we suggest you follow these 6 tips for success. We hope you will succeed by following the instructions given in this article.

Why there will never be another bitcoin

Well, those were crazy 10 years for bitcoin. In fact, it’s been more than 10 years since Bitcoin was first created by Satoshi Nakamoto. Whoever it is, he or she, they have had a profound effect on the world. They no doubt predicted this, so they chose to disappear from the spotlight.

So more than a decade later, Bitcoin is still alive and stronger than ever. Thousands of other crypto coins have emerged since everyone tried to imitate the king of crypto. Everyone has failed and will continue to fail. Bitcoin is one of a kind. Something that cannot be repeated. If you don’t know why, let me explain.

If you don’t know what bitcoin is, I’ll give you just a few brief key points:

  • Bitcoin is an online cryptocurrency

  • It has a maximum supply of 21 million

  • It cannot be forged

  • Not all coins are in circulation yet

  • It is completely decentralized, without anyone controlling it

  • It cannot be censored

  • This is Peer to Peer money

  • Anyone can use it

  • Bitcoin has a fixed supply that decreases every 4 years

What makes bitcoin different?

So what makes bitcoin different from all the thousands of other coins that have been invented since then?

When Bitcoin was first invented, it began to spread slowly among a small group of people. It grew organically. As people began to see the benefits of bitcoin and how the price would increase due to its fixed supply, it began to grow faster.

The bitcoin blockchain is now distributed to hundreds of thousands of computers around the world. Spread beyond the control of any government. Its creator has disappeared and now works autonomously.

Developers can upgrade and improve the bitcoin network, but this should be done according to my consensus in the whole bitcoin network. No single person can control bitcoin. This makes bitcoin unique and impossible to play.

There are currently thousands of other cryptocurrencies, but as an example of what makes bitcoin different, I will use Ethereum as an example. It is one of the largest Alt coins at the moment and has been invented since 2015 by Vitalik Buterin.

Vitalik controls the Ethereum blockchain and generally has the final say on any development that happens on Ethereum.

Censorship and state intervention

For this example, let’s imagine that Iran is sending billions of dollars to North Korea to fund its new nuclear weapons program. This is not a good situation, but it should show you how your money is safer in bitcoin!

Anyway .. first example. Iran uses the standard banking system and converts this money into North Korea in US dollars. The US government says wait a minute, we need to freeze these transactions and confiscate the money. Easy. They do it right away and the problem is gone.

Second example. The same thing is happening again, but this time Iran is using Ethereum’s blockchain to send the money to North Korea. The US government sees what is happening. A phone call is being made.

“Put Vitalik Buterin here NOW”

The US government is “putting some pressure” on Vitalik and they are forcing him to cancel the blockchain and cancel Iran’s transactions. (The Ethereum blockchain was actually set back when a hacker stole a significant amount of money).

Problem solved. Unfortunately, the credibility of Ethererum will be ruined along with its price.

Ethereum is just an example, but this is true for any other cryptocurrency.

Bitcoin cannot be stopped

So the same thing happens again. This time, Iran is using bitcoin as a payment method. The US government sees this and is powerless to stop it.

There is no one to call. There is no one to put pressure on. Bitcoin is beyond censorship.

Every other cryptocurrency out there is created by someone or some company and this will always be the point of failure. They are still centralized.

Another example would be if Vitalik’s family is taken hostage. Bitcoin is beyond all this and is therefore the safest investment on the planet.

Learn how to use bitcoin

Everyone should have some bitcoin. Not without it, however, is dangerous. If you are new to bitcoin, then you need to learn as much as you can before investing money. Owning bitcoin comes with a lot of responsibility. Learn how to use bitcoin safely.

Can I create my own cryptocurrency?

To be able to make your own cryptocurrency, here are some things to follow.

Build a blockchain

The first step to creating the best cryptocurrency is building a blockchain. Blockchain technology is the basis of every cryptocurrency you see in the world today. Blockchain contains details of each cryptocurrency.

This is a register that shows the background of each cryptocurrency you have. It also shows more details about who owned the cryptocurrencies before you. The best cryptocurrencies have very effective blockchain technology.


All the software you see on the internet is made of code. The same is the case with cryptocurrency. Fortunately, most cryptocurrencies are made using the same code. Basically, cryptocurrencies are made using C ++ code. You can assign all the codes you need from GitHub and use them to make your cryptocurrency. However, the code will differ from your specifics. If your blockchain is longer and faster, you need to add programs for this. In general, programs can range from a week to several months when creating a blockchain.

To make the best cryptocurrency, one must make sure that he has set the highest level of security to be observed. Hackers are everywhere and it is always your role to alienate hackers. One powerful tool that has been used to alienate hackers is the use of private and public keys. This is because each key is generated from the previous key. By using cryptography, every key can be traced from the first transaction ever made.

You also need to make sure that you are creating a pool of miners. For a stable cryptocurrency like bitcoin? anyone can be a miner. The miner does two things.

-Creates the crypto coin

– Certifies the cryptocurrency.

You need to create a standard way to create and authenticate your cryptocurrency.

Access to market needs

Many cryptocurrency experts say the most important part is access to market needs. You need to be passionate and watch what other cryptocurrencies don’t offer and offer them yourself. If we look at the largest cryptocurrency on the market today, bitcoin.

It is designed to provide a faster transaction in the online world. Bitcoin has also received great acclaim for hiding the identities of users. They remained anonymous, but a legal transaction could still be made. These are the most important parts to keep in mind when creating a cryptocurrency.

To make a very successful cryptocurrency, you need to make sure that you can do the right marketing of your cryptocurrency. This means going to merchants and asking them to accept your cryptocurrency as their payment method. These are usually some of the best ways to create a cryptocurrency.

A Beginner’s Guide to Cryptocurrency Exchange

Cryptocurrency exchange or digital currency exchange is a business that involves the exchange of cryptocurrency with other assets such as money or other digital currency. This is a web service that provides electronic transactions in electronic forms and charges for them.

Any transactions or operations to the digital currency exchange can be performed by debit and credit cards, postal money order or any other type of money transfer. This article is about discussing the various cryptocurrency exchanges that make it easier for beginners to trade cryptocurrencies and what they offer in terms of availability, ease of use, security, deposit / withdrawal methods and fees. We hope that this guide to cryptocurrency trading can help you get started with cryptocurrency exchanges.

Coinbase / GDAX

Coinbase is one of the largest cryptocurrency exchanges based in San Francisco, California. It is available in 32 countries and currently serves over 10 million customers. Launched in 2012, it has an easy-to-use interface that makes digital currency exchange an easy task for the non-technical person. Available for both iOS and Android. Unfortunately, Coinbase does not provide cryptocurrency digging for beginners and is only an exchange.

It currently offers four coins, Bitcoin, Bitcoin Cash, Ethereum and Litecoin. It exchanges digital currency with US dollars, euros and large British pounds. With minimal translation fees, Coinbase has never had a security breach, making it the perfect platform for digital currency exchange. In addition, Coinbase offers a full-fledged advanced exchange called GDAX. It offers more advanced features and different and better trading fees than Coinbase.


Bitstamp is another platform that provides digital currency exchange. It is relatively easy to use and offers more advanced features through TradeView. Bitstamp offers coins such as Bitcoin, Litecoin, Ethereum, Bitcoin Cash and ripple. It exchanges digital currency for US dollars and euros. You can put into practice all the latest cryptocurrency trading techniques in this exchange.

Offers fixed deposits by bank transfer and maintains debit / credit cards. Perhaps the only drawback that can be found in Bitstamp is the slightly high fees and the fact that it has suffered a security breach in 7 years of operation. Nevertheless, this is one of the most reliable exchanges. Available in both iOS and android.


Gemini is a UK-based company launched in 2015 by the Winklevoss twins. Available in several countries, including the United States, Canada, Hong Kong, Singapore and South Korea. One of the disadvantages of this platform is that it is not very user-friendly. So beginners are not recommended to use this platform.

Offers two coins and 1 FLAT currency Bitcoin Cash, Ehtereum and USD. Gemini follows strict protocols when it comes to security and by 2018 has not encountered a single security breach, making it one of the most secure and reliable digital currency platforms. However, it is important to have strategies for investing in digital currency before you start trading.

Digital ticks

Digital Ticks is a modern crypto exchange that aims to change the game in this sector. They have applied many of the latest techniques, which makes it easier for everyone to start trading.

It has a unique feature called single portfolio view that would allow traders to see all positions in one portfolio. It would be easy for traders to make informed decisions about the cryptocurrency exchange using this unique feature. It also supports Bitcoin, Ethereum, Litecoin and Dashcoin.


Kraken is one of the oldest cryptocurrency exchange platforms. Launched in 2011, kraken is the largest exchange in terms of volume and liquidity for trading pairs in euros. Serves worldwide, including the United States.

Kraken offers a variety of coins, including Bitcoin Cash, Ethereum, Monero, Augur, Litecoin and many more. It also supports deposit / withdrawal via bank transfers and cryptocurrencies. With a less user-friendly interface, it also suffers from stability and performance issues, but is still a good platform for cryptocurrency exchange.


Bitfinex is the largest cryptocurrency exchange platform. Launched in 2012, it has an easy-to-use interface and offers advanced features such as margin trading, margin financing, etc. Available for both iOS and android platforms. Offers BTC, BCH, ETH, LTC, IOTA, XMR and NEO.

Like previous cryptocurrency exchanges, it maintains withdrawals in US dollars and euros by bank transfer. Bitfinex suffered two security breaches, the first in May 2015, which resulted in a loss of $ 330,000. And the second in August 2016, which resulted in a loss of $ 72 million.


EtherDelta is a decentralized exchange that directly maintains a relationship between partners. It is very different from the cryptocurrency exchange platform discussed earlier. Here, the funds are kept in a smart contract in the Ethereum network, for the deposit and withdrawal of which you are entirely responsible. Currently, EtherDelta only supports tokens based on Ehtereum.

EtherDelta has a rather confusing interface that makes it difficult for users to perform cryptocurrency exchanges. In one case, someone tried to buy a 750 Kyber for 0.007 ETH each, but ended up buying 0.007 KNC for 750 ETH.


After looking at the various cryptocurrency exchange platforms, we can safely say that Coinbase and Bitstamp stand out for their good features such as security, user-friendly interface, many withdrawal / transfer methods and much more.

I wouldn’t call them perfect, but I would recommend that this is the safest bet you can make. Each cryptocurrency exchange platform is unique in its own way and has both advantages and disadvantages. It only remains to choose the one that meets our needs. We hope that this guide to basic cryptocurrency exchange and trading will give you a start in your journey to cryptocurrency trading.

What can I use bitcoins for?

Virtually any product or service that can be purchased in dollars or other currencies can also be purchased in bitcoins. On the other hand, the high volatility of bitcoins is a huge risk for some people who may want to use this cryptocurrency but are afraid of price differences. However, the characteristics of bitcoins make them ideal for internet payments:

1. Fast transactions

Bitcoin transaction is processed in 10-15 minutes. In the case of a bank transfer, it can take hours or even days for the money to go from one account to another. Some may say that PayPal or other e-wallets are even faster. True, but there are other aspects that e-wallets cannot provide: privacy and lower commissions.

2. Confidentiality

When you send bitcoins to an online partner, the transaction will be registered in a blockchain. The list of transactions is public and can be checked on specialized websites. Only the identification number, the amount and the time are recorded. There is no way anyone can know where bitcoins come from and where they go. This is typical of bitcoins, attracted many people. Well, some of them are interested because they can buy illegal goods with them, but the majority of bitcoin users are people who want to buy legal items and services, but who do not want to reveal their identities. Porn and gambling websites may be immoral, but they are not illegal, so people who want to subscribe to these services can safely pay in bitcoins on websites that accept this currency, knowing that their reputation will not be affected. .

3. Smaller commissions

The average commission is 0.002 BTC per transaction. It is significantly lower than PayPal or bank commissions. Plus, you don’t even have to pay for it. By paying a commission, you “reserve” the computing power of a pool (or at least part of it) to process your transaction faster. You even have the option of not paying the commission. In this case, you may have to wait two or even three days for your transaction to be processed. If you’re not in a hurry, this may be the perfect opportunity to make money transactions at zero cost.

Of course, there are disadvantages to using bitcoins, such as the possibility of losing them. If someone steals your bitcoins or deletes your wallet files, it is impossible to recover them. Until bitcoin is regulated, there is no central body to arbitrate between different parts. In other words, you can’t complain if you lose or are robbed by your bitcoins just because you have no one to complain to.

5 advantages of cryptocurrency: everything you need to know

If you are looking for a good alternative to cash and credit cards, you can try cryptocurrency. Today, this currency is quite popular around the world. Many companies now accept cryptocurrency payments just like ordinary currency. Bitcoin is one of the most popular cryptocurrencies, which is why a large number of people invest in bitcoins. Powered by Blockchain, you can make transactions without any security risks. In this article we will discuss some of the most prominent advantages of cryptocurrency.

Easy transactions

If you often deal with legal representatives and brokers, you know that they charge high transaction fees against each transaction. In addition, you have to pay for many documents, commissions and brokerage services.

On the other hand, if you use cryptocurrency, you can remove all intermediaries. You will use a secure network to perform all your transactions. Each transaction is transparent and does not involve large transaction fees.

Transfer of assets

It is easy to transfer ownership of cryptocurrency from one person to another. Blockchain is behind all ecosystems. Therefore, you can perform all your transactions in a safe and secure environment.

The good thing about cryptocurrency is that it allows you to add third party approval for future payments. If you have this currency, you can easily transfer assets without any problems.

Confidential transactions

In the case of cash or credit, there is a record for each transaction. And these records are also stored in the bank where you have your account. Every time you make a transaction, your bank keeps a record of it. Even if you are a business owner, your bank knows how much money you have in your bank account. This is not good in terms of privacy.

The beauty of cryptocurrencies is that each transaction is unique. Each transaction includes conditions for negotiations. There is a push concept that provides the basis for information exchange. Nothing will be revealed to the recipient except what you allow. So you will have full protection of privacy and identity.

Low transaction fee

If you check your bank statement, you will be amazed to see that your bank has charged a transaction fee for each individual transaction you have made so far. If you make a lot of transactions every day, the total amount of bank fees will be quite high.

On the other hand, transaction fees in the case of cryptocurrency are very low. However, if you hire third-party services to support your crypto wallet, you may have to pay for that service. However, these fees are much lower than the fee charged by conventional banks.


You can use the Internet to transfer cryptocurrency in complete peace of mind. In fact, anyone can use this service as long as they have access to the Internet. All you need to do is have a basic understanding of the cryptocurrency network. In short, these are just some of the main benefits of using cryptocurrency.