Top 5 Advantages of Blockchain Certification

Blockchain technology today has spread across a wave of industries. Blockchain has gone far off its genesis and a report says that annual worldwide spending on this technology has nearly tripled since 2017. Annual spending on blockchain solutions is anticipated to reach $16 billion by 2023. Today, almost every industry, be it gaming, banking or finance are realizing blockchain applications.

blockchain-certified-professional

“Everything will be tokenized and connected by a blockchain one day.”

– Fred Ehrsam

From the perception that blockchain is meant only for banking purposes, it successfully moved to the implementation by almost every sector like:

  • messaging apps (like Telegram)
  • hedge funds (Numeral)
  • Voting (as in Follow My Vote)
  • Internet Identity and DNS (as in IBM Verify Credentials)
  • Critical Infrastructure Security (for example, blockchain-enabled keyless signature infrastructure)
  • Ride Sharing (used by Arcade City)
  • Internet advertisement
  • Crypto exchanges
  • Education and academics (as used in Learning Machine)
  • Car leasing and sales
  • Cloud storage, cloud computing, mesh networking
  • Industrial IoT, forecasting, and real estate

Now it is clear that blockchain is finding its application everywhere and making a career in this field would definitely prove to be a huge success. Let us explore how taking up a Blockchain certification course can let you make a pronounced career move.

Let us now see what actually Blockchain means.

What is Blockchain?

Blockchain is no new term for people involved in investments, banking, or cryptocurrency.

Blockchain, which is based on peer-to-peer (P2P) topology, is a distributed ledger technology or DLT. It allows data to be stored across the globe on numerous servers that allow anyone on the network to see everyone else’s input in near real-time. This makes it difficult for any user to achieve control of the network.

Simply put, blockchain is a chain of blocks, where ‘blocks’ refers to the digital information that is stored in a public database that is ‘chain’. Blockchain was initially created to serve as a platform to support Bitcoin.

Blockchain provides businesses with the promise of transactional transparency, which gives them the ability to create secure, real-time communication networks with partners worldwide that includes supporting everything from supply chain to payment networks, or real estate, and healthcare data sharing.

Blockchain technology conserves a record of entire exchanges of data that takes place. In terms of cryptocurrency, transfer of every information is referred to as ‘transaction’, and the database where all transactional records are saved is referred to as a ‘shared ledger’. Every successful transaction is added as a ‘block’ in the ledger.

Reasons to get Blockchain Certified

The candidates who wish to make a career in the Blockchain domain can go for blockchain certifications that are offered by the blockchain council. The certifications render a thorough knowledge of core concepts of blockchain and may prove to be the pathway to a lucrative career in this domain. Getting blockchain certified makes you industry-ready by making you develop the right skills you need to be proficient in the domain.

Let us read about the reasons why you should get Blockchain certified (as stated by the Blockchain council): A census states that 50% of people use the Internet today, but only 0.5% use blockchain; this can be taken as an opportunity to move ahead and learn blockchain.

You need to:

  • Understand how blockchain technology works.
  • Learn the skills related to blockchain.
  • Collect useful resources and make their efficient use.
  • Implement your knowledge in building decentralized applications.

1. Huge demand for blockchain professionals

Blockchain is trending today, and there is a shortage of skilled professionals. You can develop the required skillset and land on to a lucrative job.

2. Excellent salary and high job prospects

Indeed.com reveals the average annual salary of a blockchain developer to be USD 92,982.  The salary increases with your experience and also, the job market is bright for blockchain enthusiasts. The roles for which companies are looking for are:

  • Cryptocurrency Developer
  • Cryptocurrency Analyst
  • Cryptocurrency Trader
  • Cryptocurrency Mining Technician
  • Systems Engineer
  • Bitcoin Full-Stack Developer
  • Cloud Engineer
  • Senior Software Engineer

3. Absolute Disruption in chain

Blockchain is capable of adding significant value by improving confidence between parties and minimizing friction in the value chain. Hence, it creates many job opportunities as managers might be reassessing their value chains, and players might be estimating their future positions.

4. Industries on Blockchain

Apart from banking, almost every industry is implementing Blockchain technology today, such as energy resources, supermarkets, healthcare, cloud storage, real estate, travel and transportation, voting, and many other sectors.

Other advantages of getting blockchain certified include integration with new-age technologies, the inflection point of an era, data security and digital identity, calculated investments in cryptocurrencies and ICOs, vast infrastructure.

Bottom line

Blockchain is considered a disruptive technology which means that it is capable of bringing out drastic changes in the industry. Eventually, it has become one of the dominant technologies in the market today. The reason being that blockchain is an open-source ledger that is public. It makes transactions fraud-free, and no central authority controls it. The transactions made using blockchain are faster and reasonable.

Since blockchain is applied in almost every industry today, you can choose the industry you like and move ahead to make a career in it. You can choose from the many job roles offered by the blockchain council.

To achieve blockchain certification, it is strongly recommended that you take up a training course. There are several benefits of taking up the training course by some genuine online training provider.

Firstly, the thing that you worry about is the study material, from where to start and what to study. By taking up the course, you don’t need to care about this. Secondly, no time limitations are there and you can study anytime you wish to, and that too at your own pace. Third, you can choose from the modes of learning offered, that is, blended learning, instructor-led, or online training. All you need is to get yourself registered.

5 Ways Artificial Intelligence is Helping to Save Our Planet

It takes a high level of data analysis to predict the effects of climate change and the implications of our actions to stop and adapt to it. Often, scientists have terabytes of data, but not the computing power to make sense of climate issues like hurricanes. But this level of analysis is possible with artificial intelligence (AI). In fact, AI may be the best weapon we have to combat and adapt to the effects of climate change. That’s because it can analyze large chunks of data from past events and make accurate predictions about future ones.

Today, AI is helping to monitor and predict everything from glacier retreat to commercial waste management. As innovations in “deep learning” march on, AI’s prescience will help inform scientists about climate impacts and policymakers on the most prudent steps for adaptation. Here are some critical ways AI is helping to preserve our planet.

1. Smarter Home Energy Use

AI is helping save the planet by assisting homeowners through energy-efficient smart homes. The Internet of Things and today’s “smart devices” let homeowners control their energy use and lower their monthly bills. Smart thermostats can adjust temperature settings for specific rooms in a house. Smart water sprinklers can change water usage based on weather forecasts. And smart security systems can cut down on false alarms calls — so fewer gas-guzzling trips by first responders. The automation, connection, and prediction power built into these smart devices allow homeowners to lower their carbon footprint.

smart-homes

But smart energy use is not just about conservation — it’s also about the best time to use energy. Peak energy hours like evenings are higher-demand, higher-cost times. Smart devices can automate energy use for low-demand hours. Plus, off-peak times like mid-day are when alternative energy sources like solar and wind contribute the most. Therefore, smart technology promotes renewable energy.

2. Soil Conservation

Soil degradation is a problem often overlooked in the media. But it has serious consequences for humanity’s ability to adapt to and survive climate change. It takes a millennium to generate only three centimeters of topsoil, and soil degradation is happening at a much faster rate. Chemicals, deforestation, erosion, and global warming are major contributors to soil degradation. And if the current rate of degradation continues, the planet’s farmable land could disappear within 60 years, according to United Nations officials.

sustainable agriculture

But farmers and scientists are using AI to help conserve the soil by marshaling complex algorithms along with robots and drones to detect erosion and monitor soil health. For example, one company has developed an agricultural app to help farmers identify nutrient deficiencies within their soil. And farmers are using machine learning to predict the best times to plant, irrigate, and harvest crops based on weather changes. Accurate predictions mean less need for pesticides and fertilizers, which degrade the soil.

3. Exploring and Protecting Oceans

Scientists watch and test the health of oceans because they’re the best indicators of Earth’s health. Microplastics, increased CO2 levels, and ocean acidification are changing the surface of the planet. The key to protecting oceans is exploring and monitoring them for changes. Climate scientists and oceanographers are using AI technology to drive autonomous marine vehicles to the deepest depths. And some companies are developing autonomous garbage collection systems that would help remove plastics and floating debris.

garbage in ocean

Another emerging technology — blockchain — is helping to track fishing and identify illegal behavior. Blockchain is the same technology that powers cryptocurrencies like Bitcoin. The technology acts as a transparent ledger for transactions. Blockchain is a decentralized system, which means it operates autonomously and isn’t subject to misuse and abuse. Trust is critical to international treaties that regulate fishing quotas and manage overfishing. Blockchain technology can record each fish (e.g., tuna) with a scannable code uploaded to the ledger. Therefore, retailers, customers, and regulators can confirm that fish are legally caught.

4. Air Pollution Detection

AI is becoming an invaluable tool for tracking our air quality and identifying sources of pollution. During accidental emissions, city air quality officials need to identify and respond quickly. Some European cities are using leak sensors and AI to help create emission maps, predict mortality rates, and estimate financial costs of emergency responses. These data points give decision makers a more accurate view of the air pollution along with more targeted remediation.

air-pollution-repurcussions

In addition to monitoring air pollution, AI is also cutting tailpipe emissions. AI manages self-driving cars to make getting from point A-to-B more efficient. Self-driving automobiles can cut oil consumption and greenhouse gas emissions by 2% to 4% annually. AI and global positioning systems operating driverless tractor-trailer rigs will make deliveries non-stop, faster, and less costly to the planet. Complex algorithms, sensors, and traffic lights are directing traffic flow in some cities. These systems are currently reducing travel time by 25%, braking by 30%, and idling time by 40%.

5. Evaluating the Efficacy of Action

AI is bringing powerful ways to monitor and predict threats to our environment. Synthetic thinking adds value for scientists, officials, and policymakers by giving them deeper looks into current environmental situations. Perhaps, more than anything, AI’s biggest potential lies in figuring out where solutions hit the mark and where they miss. It’s counterproductive to invest resources and time into bad solutions. But that’s highly likely, given the complexity of climate change and adaptation.

Where do we invest? Which coastline needs saving the most? What communities are at a higher risk? With dwindling resources and bigger dangers, we will face some hard decisions in the future about where to deploy our efforts. At some point, those decisions will mean life or death. We will need quick thinking and accurate data. Evaluating our options and predicting their implications is where AI will bring the most value.

How Much Energy Do Bitcoin and Other Cryptocurrencies Consume?

With its value skyrocketing in recent years, Bitcoin is a hot topic right now. But the value of a Bitcoin is not the only thing that is growing. In fact, Cambridge University research suggests that Bitcoin uses more electricity on a yearly basis than entire countries. Mining for cryptocurrency uses a lot of power, and requires heavy computer calculations to verify cryptocurrency transactions. According to the researchers, this consumes over 120 terawatt-hours (TWh) annually, and this power use is unlikely to fall unless the value of Bitcoin drops.

Is Bitcoin Bad for the Environment?

Many believe that cryptocurrency is the currency of the future, but is it bad for the environment? Will Bitcoin and other cryptocurrencies undo the hard work that has been put in around the world so far to improve the condition and health of the planet? According to some critics, Tesla’s decision to make heavy investments in Bitcoin undermines the environmental image displayed by the electric car company.

cryptocurrency-energy-consumption

The rising price of Bitcoin offers even more incentive to miners to run even more machines and consume more power. As the value of Bitcoin increases, so does the energy consumption that is used to mine it, according to researchers at the Cambridge Centre for Alternative Finance.

Exactly How Much Energy Does Bitcoin Consume?

How much energy is consumed due to the increasing popularity of cryptocurrency trading? According to the online tool developed by the Cambridge researchers, Bitcoin’s electricity consumption is currently ranked above several countries including Argentina, the Netherlands, and the United Arab Emirates. It’s using a very similar amount of energy to the amount that Norway uses on a yearly basis.

In the UK, the energy that Bitcoin uses could be used to power all the electric kettles in the country for almost three decades. However, in comparison, the amount of electricity that is consumed on a yearly basis by devices that are left switched on but inactive in homes around the US could power the entire Bitcoin network for a full year.

How is Bitcoin Mined?

Mining Bitcoin requires often specialized computers which are connected to the cryptocurrency network. They are used to verify transactions by people who sell or purchase Bitcoin. As part of the process, Bitcoin miners are required to solve puzzles that are not integral to providing verification, but ensure that there is a hurdle to cross to ensure that the global record of all Bitcoin transactions is not edited fraudulently. As a reward for completing these, Bitcoin miners will occasionally receive small amounts of Bitcoin.

crytpocurrency-mining

Higher prices have increased the value of these rewards, and fueled wider interest in buying and selling crypto via increasingly diverse methods beyond using exchanges. At the same time, some miners have expanded their networks to consist of multiple computers. Some will even set up entire warehouses of computers that are there for mining Bitcoin alone. Since the computers are working to solve the puzzles on a constant basis, this uses a huge amount of electricity.

While Bitcoin is becoming more and more popular as an alternative currency and investment option around the world, how efficient is it really?

6 Simple Ways to Earn More Bitcoins

Buying the Bitcoin may not be a viable option for many investors. In such a situation, there are some alternatives to earning the Bitcoin besides buying it. And the good news is that for most of these alternative means, you actually have to do practically nothing to start earning the crypto coins. Below is a list of the simple ways one can earn the Bitcoin:

  1. To begin with, you can start earning the Bitcoin when you have an account in a cryptocurrency exchange. The best crypto exchanges where you can buy BTC are KuCoin, Binance, and CoinMama etc. This is almost similar to people keeping their funds in bank accounts and getting interests on deposits. Here, you can simply lend out your Bitcoins in exchange for other crypto coins or get Bitcoins in exchange of traditional fiat currencies like the USD or GBP. When you can transfer Bitcoins to a financial service provider, it is possible to earn interest over time.
  2. You can enjoy cashback in BTC when you shop for something online. For instance, eBay offers buyers a cash-back offer for purchasing from hundreds of sites; they have tie-ups with almost all big retailers. When you install the Chrome Extension and make an account, eBay notifies you when there are discounts on any retailer website. All you have to do is click on this to get your discounts and after each quarter eBay gives you a check. Another popular site offering similar advantages if Lolli which will give you cash back in Bitcoin when you buy from websites like Macy’s or Sephora.
  3. You can accept payments in Bitcoin for services you render. There are many people who are now accepting Bitcoin as salaries for their work. For freelancers like musicians, artists, and writer, this can be a viable option. Examples are Bit wage, Angel’s List, Jobs4Bitcoin, Crypto Jobs, and Crypto Grind etc.
  4. You could also earn Bitcoin through mining. You will need specialized computers capable of solving complex mathematical puzzles to earn rewards. For operating a mining rig on your own, you are going to need dedicated mining hardware, mining software, a wallet etc. Solo mining will not yield profits as desired, and joining a mining pool may give you higher payouts.
  5. Earning Bitcoin is possible through trading and this is by far the simplest way to earn more Bitcoins. You will find multiple trading strategies to trade Bitcoins and traders typically have their own preferred methods for trading. One way is using automated bitcoin trading software applications. The most commonly used method is leverage trading where traders borrow money for bolstering trading, and these are called crypto loans.
  6. You can also earn more Bitcoins with affiliate marketing; this is the most popular method for news websites, bloggers and social media influencers to make more money. For this companies will give you promotional codes and unique URLs that you must send out to your respective audiences. If anyone clicks on these links and thereafter makes a buy, you get a reward.

Can You Earn Bitcoins Without Mining Or Investing?

Cryptocurrencies may have become the buzzword today but they are still far being adopted by the mainstream. While most people may have heard of the Bitcoin, very few know how actually to earn and use it. The easiest way you can be involved in the cryptocurrency world is by researching on the crypto coins.

The best way to earn Bitcoins may be by buying them on a cryptocurrency exchange in exchange of fiat currencies or other crypto coins. The alternative is to earn Bitcoins through mining. In this, you will need specialized computers capable of solving complex cryptographic puzzles. On solving these, you can get rewards in the form of new Bitcoins. So, the question remains, is there any other way to get Bitcoins apart from investing and mining?

How you can earn Bitcoins without mining or investing?

  1. Crowd holding is a platform aimed at creating a large community of Bitcoin holders through crowd sourcing. In this, startups provide tasks on this platform so that users can offer their feedback to earn tokens as rewards.
  2. You can use your own business to earn Bitcoins by simply stating that you are prepared to accept Bitcoins as payment.
  3. You may earn more Bitcoins by doing certain tasks allotted to you by specific websites. In most cases, you simply have to visit these sites and view their advertisements. This hardly takes up much time or effort, and the sites will pay you in Bitcoins in exchange.
  4. If you own Bitcoins already you can earn more through interest payments. So, you basically lend the Bitcoins to others and you charge an interest on such loans. You may either lend Bitcoins to someone you know directly, or go through any of the trusted P2P platforms.
  5. You can even get tipped in Bitcoins, strange as it may sound. You can start a blog for instance and get rewarded in Bitcoins.
  6. Trading your Bitcoins is definitely one of the best ways to invest and earn more Bitcoins. You can create an account using a reliable CFD provider and then deposit a small amount to begin trading. You can also use automated bitcoin trading applications like bitcoin era to improve the quality of trading.
  7. You could also start working for companies that are willing to pay their workers in Bitcoins. So, you could get a job as a freelancer, like a writer or an artist, and start earning Bitcoins as payment for services rendered.
  8. Bounty campaigns are incentive-driven rewards that are provided by startups to people. So, when a startup launches a new service or product, it may offer rewards to individuals willing to do certain tasks for them. The participants will get paid in crypto coins for their services. Whether it is writing in social media website, sharing links, or conducting signature campaigns, they will get paid by the businesses. Users can therefore do micro tasking and earn Bitcoins.
  9. Finally, you can start blogging to earn more Bitcoins. Bloggers aim at making money by creating an audience for their write-ups and businesses are keen to market their products to that audience. They will use ads and referral links to reach out to this target audience; there are blogging platforms these days that pay you in crypto for creating content.

Stellar Lumens Explained

The cryptocurrency industry has been enjoying a rather strong start to 2021. Many cryptocurrencies have been getting a lot of attention not only as investment options but for their many uses as well. More people are becoming interested and involved in this field, which is only helping these crypto assets and platforms grow.

One coin in particular that has people excited is Stellar and its built-in token, Lumens. Stellar Lumens (XLM) is currently within the top 10 cryptocurrencies in terms of market cap. It is aimed at being a borderless open network for storing and sending money.

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This article is going to look a little closer at Stellar Lumens, as well as go over its history and future outlook. So read on to learn a little bit more about what makes it one of the most exciting networks and platforms in the industry.

What are Stellar and Lumens?

As mentioned, Stellar was created as a network for people and financial institutions all over the world with the purpose of sending money easily, quickly, and affordably. It allows you to send a variety of different currencies, both fiat and crypto, in a way that is more reliable than traditional methods.

The benefits of Stellar include cryptocurrency transactions that take seconds, low transaction costs when compared to wire transfers, and the fact that it is incredibly easy to access and exchange different currencies. Stellar is also secure as the network has never experienced a hack, despite being in an industry that is so frequently targeted.

The network runs on decentralized servers and relies on their built-in token called Lumens to operate. They can easily be purchased on many exchanges. If you wish to convert other crypto you own to Lumens, you can use specialized services, like this eth to xlm converter by Godex. You can exchange numerous coins including Stellar Lumen, Bitcoin, Ethereum, Litecoin, Monero, and many others.

Lumens not only assist with multi-currency transactions but also act as a spam deterrent. Stellar requires that every account hold some Lumens at all times. It is done to prevent the ledger from being overrun with spam or making it too easy to use the ledger. The amount required is minuscule, just enough to deter large amounts of spam. In addition to this, Lumens are also used to pay transaction fees.

The History of Stellar Lumens

Stellar began in 2014 and was co-founded by Jed McCaleb, who is no stranger to the industry. He was also the co-founder of Ripple, which is actually among the biggest competitors to Stellar. Stellar was brought into the world to assist in making cross-border payments more efficient.

These payments have traditionally been incredibly expensive and taken a very long time to complete. Economic experts preach about the importance of easy access to financial services. But, unfortunately, many around the world don’t have access to banks and other institutions.

Since 2014, Stellar has partnered with several companies and platforms to service people all over the world. While the growth has been impressive, there is still a lot of progress to be made.

The advisory team behind Stellar is also impressive and one of the reasons why people are optimistic about its future. Some members of the board are the founder of AngelList, the founder of WordPress, and the CEO of Stripe, who is one of the youngest billionaires on the planet. With a team like this on the board, Stellar has some of the brightest minds in tech behind it.

There is also the Stellar Development Foundation. Its main goal is to increase awareness around the existence of Stellar. It also ensures the interface and platform are user-friendly, simple, and affordable for people all over the world to send and receive money.

Future Outlook and Performance of Stellar Lumens

So what does the future hold for Stellar Lumens? Well, we believe it will only continue to get more popular. The services they offer (and their benefits) are easy to understand, and the problem they set out to solve is a big one for millions all over the world. As they continue to build out their system and reputation and increase their partnerships, many believe Stellar Lumens could be the future of borderless payments.

In addition to their practical use cases, Lumens can also act as an investment, like many other cryptocurrencies. Expert opinion is mixed. However, many believe that the cryptocurrency should only increase in value. The reason is the increased usage and understanding across the world. Like many other assets, the performance of Lumens is also tied to Bitcoin and the crypto market as a whole.

In conclusion, we hope that this article has been able to help you learn more about Stellar Lumens. They are an exciting cryptocurrency and platform, and one that is sure to help people transfer funds all over the world.

Where To Get Bitcoin Cash?

You might assume that if you had Bitcoins before the hard fork on August 1st, 2017, you would have the same amount of tokens in Bitcoin Currency. And if you haven’t claimed your Bitcoin Cash tokens yet, they will stay secure and healthy until you do. Depending on the wallet you use, the methods for claiming the tokens can differ.

If you have a complete node wallet (one that allows you to download the whole Blockchain), such as Bitcoin Core or Bitcoin Knots, you will back up the wallet by heading to the menu and picking ‘Backup Wallet.’ A wallet would be generated as a part of this. Data file that you can import into a complete node Bitcoin Cash wallet like Bitcoin ABC to obtain access to your BCH tokens.

buy bitcoin cash

It’s essential to keep in mind that certain complete node wallets may be incompatible with one another. As a consequence, installing Bitcoin ABC could cause the data in Bitcoin Core to be overwritten. If you wouldn’t back up your secret keys, you risk losing both of your BTC and BCH coins ever. Install Bitcoin ABC, or some other complete node Bitcoin Cash wallet, on a separate machine to prevent this.

You should also be able to assert your Bitcoin Cash tokens if you’re using an SPV (Simplified Payment Verification) wallet (which doesn’t need the whole Blockchain to run). A recovery seed is a concept that applies to the holding of your Bitcoin private keys, as well as, by extension, your Bitcoin Cash secret keys, in any one of those wallets. Also, start trading with Bitcoin Revolution.

As a result, by merely placing this seed into a designated wallet, you must be enabled to enter your BCH. However, based on the form of wallet used, the procedure for using it can differ. To be secure, look for an announcement from your wallet provider that includes guidance on withdrawing your funds.

Alternatively, you should still message the help staff for your wallet. If you didn’t have some Bitcoins when the break happened, you could always buy Bitcoin Cash on any cryptocurrency exchanges or through a peer-to-peer deal.

Exchanges To Buy Bitcoin Cash

Despite the reality that Bitcoin Cash is the fourth-largest cryptocurrency by market capitalization behind Bitcoin, Ethereum, and Ripple, it is not sponsored by any big cryptocurrency exchange. A comprehensive list of BCH-supporting exchanges can be found here. Even though exchange acceptance is growing, only GDAX, Kraken, and Cex.io currently enable you to purchase Bitcoin Cash for fiat currency. You will get Bitcoin Cash in return for Bitcoin, Ether, or Tether if you use other markets, such as Bittrex.

Bear in mind that before you can start trading, the overwhelming majority of cryptocurrency exchanges would enable you to go through a lengthy and often intimidating phase of checking your identification. To deposit or withdraw money from an exchange, you’ll also need to link your bank account to the exchange’s withdrawal scheme.

It would most definitely take many business days to fully identify authentication and bank account connection. For multiple activities, separate exchanges will charge different rates. Such sites can charge a set price, while others will measure the payments dynamically for each service.

bitcoin-introduction

Most exchanges only allow money transfers through banking cash deposits, which may take up to three working days to complete security grounds. Few sites accept credit/debit card purchases, as well as PayPal in some situations, although, for the most part, this alternative is only valid for Bitcoin transactions. The period it took to finish a transaction varies based on the exchange. As previously reported, depositing and transferring fiat deposits from an exchange will take up to 3 working days in most situations. Most cryptocurrency transfers, however, are almost instantaneous make when it relates to Bitcoin Cash.

You may also use services like Shapeshift and Changelly to instantly swap between cryptocurrencies, like Bitcoin Cash, whether you already hold Bitcoins or some other big cryptocurrency. Furthermore, Changelly helps you purchase most of the cryptocurrencies it supports with USD through Visa or MasterCard. Finally, hold your assets and transactions secure at all times. Always trade on trustworthy markets, read user reviews and comments, and double-check the addresses you’re sending your capital.

Is Solar The Next Big Thing For Cryptocurrency?

With Bitcoin going big, mining has become a costly and intense exercise. It takes a lot of computing power to validate the millions of transactions that happen on a daily basis. This is why environmentalists are down on Bitcoin as a viable mainstream currency. Mining Bitcoin uses the same electrical output as the entire country of Switzerland.

If Bitcoin is adopted by the masses as a legitimate currency, then there will need to be even more servers working overtime to compute and complete the encryptions that are the backbone of the currency.

With climate change front and center in many concerned citizens’ minds, it stands to reason that Bitcoin and cryptocurrency in general would need to greenify if they stand a chance at growing.

bitcoin-servers

In this article, we will go over what the future could mean for Bitcoin as it attempts to go green and use solar energy to power itself.

Lines between price and profit

A few years ago Bitcoin was generally stable in its value around $2,000 per coin. This meant that for miners to make a profit they needed to find a cheap way to power the servers to do the computing. Once these companies have mined the cryptocurrency they usually sell it onto the open market to be traded by investors who are looking to convert cash to Bitcoin.

Luckily for them, Bitcoin servers are rather portable in the sense that miners could set up shop anywhere in the world where the cost of energy was cheap.

Now that people are more concerned about the environmental cost of this mining it was not looking good for Bitcoin as a viable currency. At the time, renewable energy was more costly than fossil fuels so it would have cut massively into the profit margin and possibly even seen some losses.

Now, Bitcoin shattered the $20,000 mark per coin and at the same time, the cost of using solar and wind power has dropped dramatically. Suddenly, it is feasible to use solar-powered Bitcoin mining.

This could allow Bitcoin to be adopted by the masses and grow as a currency and still be the responsible thing for people concerned about the environment.

It can go anywhere

There are many places all over the world from deserts to regions around the Equator that get a lot of sunlight year round. And there isn’t much of an economy in those areas which makes it an ideal location for Bitcoin mining centers.

crytpocurrency-mining

They can use solar farms to power the servers and keep costs low since there is no shortage of sunlight. The long days and cloudless skies makes the price per kW hour in those areas very cheap and can compete with fossil fuels.

Another benefit is that bringing cryptocurrency mining centers to those areas can lift the economy. There will be a lot of jobs in construction and maintenance where there was little possibility of work previously.

*This article has been contributed on behalf of Paxful. However, the information provided herein is not and is not intended to be, investment, financial, or other advice.

5 Things to Check Before Selecting a Bitcoin Trading Platform

In the last few years, trading in Bitcoins has now become much more mainstream. With the rise of credible trading platforms and exchanges, anyone with a few dollars to invest and an appetite for success can start trading in Bitcoins or any other cryptocurrencies.

Choosing the best Crypto trading platform or Bitcoin trading platform can be difficult for new investors because several factors need to be considered. Bitcoin trading simply means buying and selling Bitcoins.

Before investing in Bitcoin, keep in mind that the price of Bitcoins is highly volatile. This factor is preventing many investors from investing in this valuable asset.

There are various benefits of investing in Bitcoins, and some of the benefits include low transaction charges, data protection, high security, no third parties, and much more.

bitcoin-trading

Selecting A Bitcoin Trading Platform

There are various Bitcoin trading platforms available on the internet but choosing the best one is crucial for every user. Thus, there are five major factors that you need to check before selecting the right Bitcoin trading platform.

1. Fee

Every Bitcoin trading platform has some amount of fees. You must proceed only on that platform that charges a genuine amount for trading.

If you are a new investor and join the Bitcoin market, this factor is crucial to consider at any cost. Trading fees differ for every platform, and if any platform is charging low fees, you need to be very careful about the security of that particular exchange platform.

2. Fiat Exchange

Fiat exchange is another factor that you need to consider before trading Cryptocurrencies such as Bitcoin. Every trader, at some point, needs a fiat exchange. This exchange can help their amount to convert into national currency.

Hence, if any trader or investor wants to get out of the Crypto world, this exchange’s procedure can help them. On the other hand, before choosing any trading platform, make sure the platform is compatible with your banks, and if it is not compatible with your account, you can proceed with the other one.

3. Security

Security is a very vital factor that every trader should consider choosing the best Bitcoin trading platform. Every trading platform has its security features.

If you choose the best Crypto trading platform, make sure the platform has two-factor authentication. It is the enhanced feature of every security system. You should not choose any platform that is not offering you good security features. Instead, opt for that platform that offers excellent security features, even if the charges are high.

4. Reputation

Reputation is a key factor that you need to check before selecting a Bitcoin trading platform. The reputation of several trading platforms can differ.

are-bitcoins-scalable

You can research more on the internet about the reputation of that particular platform. You can also consider several traders’ reviews, which will help you choose the best one. Bitcoin is regarded as a young technology that was invented just a couple of years back. Thus, you will get information about every trading platform you are willing to select on the internet.

5. Insurance

Keep in mind; the best Bitcoin trading platform will have an insurance fund in place. Hence, opt for those Bitcoin trading platforms that provide insurance funds with good security features.

The best exchange platform will be protected to some extent. The trading platform that has several features can make your trading a successful one.

The Bottom Line

Every Bitcoin trading platform has its way of dealing with traders. You can also look at the leading Bitcoin trading app 1g ProfitSystem and earn high returns on investment. Trading in Cryptocurrencies such as Bitcoin can be a very profitable asset for you in the end.

The benefits of trading in Bitcoin can be very effective for you. You just need to gain some expert marketing skills to deal with all kinds of trading or investments. Thus, before choosing any Bitcoin trading platform, read the above instructions carefully. The above data will help you, to some extent, while selecting a suitable exchange platform to trade your digital currencies.

Scalability of Bitcoins: Everything You Need to Know

Have you got bitcoins in your pocket? Having bitcoin is not enough; you also need to know about the scalability option of bitcoins. In this world full of numerous currencies and cards, how scalable are bitcoins? In this article, we will discuss the scalability of bitcoins. You can also check the platform like Fast Profit 2020 to know more about the scalability of bitcoins.

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How competitive are bitcoins?

The competitiveness aspect of bitcoin has been in the debate in the crypto community for a long duration now. Satoshi Nakamoto has programmed the block of size up to 1MB to prevent the network spam, but he also created bitcoin liquidity.

Each bitcoin block takes up to an average of 10 minutes to process, and only a small proportion of transactions can go through. For a system that claims to replace fiat payment, this is a significant barrier related to bitcoins. Let’s look at this scalability aspect of bitcoins with an example. While the visa payment system can process up to 1700 transactions in a second, bitcoins handles up to 7 trades in a second. Thus, an increase in demand for bitcoins will cost more transaction fees, and therefore, the utility of bitcoins will get affected.

The scalability aspect of bitcoins has led to numerous technological advancements and innovations in this field. Undoubtedly, much design has been made over a decade, but a sustainable solution is still unclear.

A few years back, few researchers claimed that increasing the block size could be a significant solution to solve the scalability option, but the process and the idea were not as simple as it seemed. This innovative approach just remained on paper as it could not be finalized how much the block size could be increased. While some proposals climbed to increase the block size by two MB, others climbed that eight MB could be useful.

The core team who focussed on the development of blocks argued that the increase in block size would weaken the process of decentralization, and it will also give more powers to the bitcoin miners who have more giant blocks. In addition to this, miners would look for bigger and faster machines, which may influence the bitcoins’ profitability aspect.

One of the most significant issues faced by bitcoins was that everyone did not agree with the changes needed. People claimed that how can a system-wide change be made if the participation is decentralized.

In addition to this, few strategists and scholars claimed no need to mess with bitcoins. If you don’t like it, you can easily modify the open-source code, and you can quickly launch your coin.

Pieter Wille developed one of the most significant solutions to this issue, and the process was called SegWit. As per this new process, bitcoins’ capacity could be easily increased without changing the size limit. The SegWit system was initially started by the Bitcoin system in the year 2017 by a soft fork to make it compatible with nodes that could not be upgraded. While different types of bitcoin wallets are adjusting their software, others do not agree to this, as they think about the risk and additional cost associated with it.

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In the year 2017, another significant change came up in the field of bitcoin. A new approach was revealed, which was called Segwit 2X. This idea was backed by different bitcoin exchanges. As per the changes, it was decided to increase the block size up to 2 MB. This change was expected to increase the capacity of the transaction up to 8 times.

Over the past few years, different technological advancements have taken place to increase block capacity. One of the most significant advancements associated with bitcoins is the Schnorr signatures. This approach will help in consolidating signature data, and it will also reduce the space taken by bitcoin blocks. Thus, the process would lead to a more significant number of transactions without changing the limit or the size of blocks.

The need for a more significant number of transactions is still the need of the hour. The development of new features will increase the functionality, and it will unlock the vast potential of bitcoins.