Tag: worth

Does Bitpay benefits Apple Pay Users?

YES! It does  

Bitcoin and cryptocurrency

Payment services, the world’s biggest network, today confirmed that the US 
BitPay Digital Mastercard cardholders will link their wallets to Apple WalletTM and spend with Apple Pay. BitPay cardholders can make safe  transactions in shops, on mobile, and online via Apple Pay. BitPay’s U.S. 
Cardholders will now add their Apple Pay wallets to their prepaid Mastercard.  

BitPay says it’s bitcoin

cards could be linked to its Apple Wallet on Friday, opening a unique way for cryptocurrency holders to shop through Apple Pay. We have thousands of clients
using BitPay Card with the BitPay Wallet app who are always searching for  new places and ways to invest their crypto,” We include thousands of BitPay Wallet app customers using BitPay places and ways to spend their crypto,”  said the chief executive of BitPay. BitPay continues to innovate its global blockchain technologies to make payments quicker, simpler, and easier
than ever for Bitcoin and other cryptocurrencies.

The BitPay Wallet app is designed to allow 

Bitcoin is to be managed and spent by customers, converted into dollars and spent with the BitPay Card as well. The BitPay Wallet feature offers a set of services to leverage blockchain users to purchase, store crypto and make online payments. Users will quickly purchase gift cards in stores and online from hundreds of the largest brands. BitPay Card allows clients to convert  to fiat
 the currency immediately, which is then loaded onto the card and can be spent
 anywhere Mastercard debit is authorized.  
Bitcoin, Bitcoin Cash, as well as Ether, are backed by BitPay wallet software, as well as four dollar-pegged stable coins, USDC, GUSD, PAX, and BUSD. Cardholders should have the latest release of the BitPay app to  connect a
card to the Apple Wallet. 

BitPay: Benefits 

•In 2011, when Bitcoin was in its beginnings, BitPay was developed. The scope for Bitcoin was seen by Mr. Stephens, founder of BitPay – to revolutionize the financial industry, making payments on such a global scale faster, safer, and far less costly. 
•With the mission of transforming how corporations and individuals send, receive, and store money, BitPay pioneered blockchain payment processing.
Its business solutions remove fraud fees; reduce payment processing costs and enable, among many other features, seamless payment in cryptocurrencies. 
•BitPay provides a full digital asset management system to customers that involves BitPay Wallet and BitPay Prepaid Cards, allowing them to  transform
digital assets into dollars for the vast majority of companies to invest in. 
The card is now available in the U.S., with the company’s website enabling customers around Europe to sign up with the expected most recent versions on a waiting list. 

Is zero-carbon token future of tomorrow?

Fortunately, late developments and advances, for example, the blockchain have prompted a few answers for address these issues, and quite possibly the most encouraging arrangements come from Zero Carbon, a blockchain-based task that is ready to shake the business with its exceptional way to deal with how energy is burned-through today. 

A Zero Carbon token utilizes blockchain to battle environmental change. Customers can save money on energy and earn Zero Carbon token coins by switching to zero-carbon energy in the crypto market. Introducers might gain from spreading the word as well. By undercutting both renewable energy and fossil fuels on price, the Zero Carbon

The market can produce a faster reduction in carbon emissions. An established blockchain-driven economy with Energy tokens as significant reward-based incentives for customer activity can also act as the catalyst for change. A project in the area that aims to use blockchain technology to reshape the online travel sector has a very high incentive in the future.

This idea is a blockchain revolution uniquely, combining logistics with zero-carbon options. In this awful era of global warming and pandemics, the world must become carbon-free. Zero carbon tokens will be used to communicate important aspects of the digital ecosystem. It will provide token utility as well as a more advanced blockchain platform. These tokens have utility worth since energy providers need to source them to pay the exchange charges needed to take part in the Zero Carbon Market.

 How does it work?.

 The Zero Carbon token tackles climate change by lowering carbon emissions directly around the world. They do it by utilizing a mechanism that utilizes international carbon credits to balance the carbon emissions of energy contracts in a considerably more cost-effective manner than relying just on renewable energy.

Not only is this technology substantially less expensive than renewable energy, but it also cuts total carbon emissions by the same amount at a fraction of the cost! One unique feature of Zero Carbon is that energy suppliers pay the platform’s transaction fees rather than end-users, though consumers can decide to pay the transaction fees in exchange for lower energy rates.

Consumers can purchase electricity packages from suppliers through Zero Carbon’s market, which allows energy suppliers to list and sell their contracts to consumers. Consumers can choose from a list of suppliers, much as in a traditional marketplace, and Zero Carbon will display important information such as the cost of power or the advantages offered by each source to help them make smarter decisions.

Also read: What is Lightning Network in the world of crypto?

 

 

 

 

What is Lightning Network in the world of crypto?

At one point in history, sending a telegram was the quickest and most effective method of long-distance communication. To do so, you had to travel to your local post office, fill out a form, and pay based on the number of letters in your message. The message would then be telegraphed to the nearest telegraph office, where it would be sent to the far end. The telegraph would subsequently be delivered to its intended recipient by a postman.

 Basically, sending a simple brief message involved a large number of individuals, and you had to pay a significant sum of money to do so. That’s very much where the Bitcoin network is right now. In this analogy, the Lightning Network is similar to having contact on speed dial: all you have to do is press “1,” and your friend’s phone will begin to ring.

When Satoshi Nakamoto first proposed Bitcoin in 2008, James A. Donald offered the first public remark on the system, saying, “the way I interpret your concept, it does not seem to scale to the requisite size.” Scalability is still the largest issue for Bitcoin and other seasoned cryptocurrency systems ten years later.

 What does it mean to be scalable? On the other hand, Bitcoin has only been able to execute about 7 transactions per second throughout its history. While this was sufficient at first, the system has been clogged for several years. As a result, transactions take a long time to complete, and transaction fees are astronomically high.

  Bitcoin will need to be able to compete with existing payment methods if it is ever to become a full-fledged alternative to them. It’s not even close right now. Simply compare Bitcoin’s minuscule 7 transactions per second to Visa’s average of 24,000 and peak capacity of nearly 50,000 transactions per second to see the gravity of the matter. The Bitcoin community has come up with several proposals to increase Bitcoin’s scalability throughout the years, but no overall consensus has been established. As a result, multiple Bitcoin-like networks have splintered off from the original. However, there is one proposed method that is now being evaluated and may just work. The Lightning Network is what it’s called.

 Simply expressed, the Bitcoin Lightning Network’s concept would have sounded like this: we don’t need to preserve a record of every single transaction on the blockchain. On the other hand, the Lightning Network adds another layer to Bitcoin’s blockchain, allowing users to construct payment channels between any two parties on that extra layer. These channels can last as long as they’re needed, and because they’re set up between two people, transactions will be nearly instantaneous, and costs will be minimal, if not non-existent.

Also read: Which Cryptocurrency Has The Best Future?

 

 

Should you still invest in Dogecoin?

By 2024, the digital currency will have grown by almost 1,400 times.
This year has witnessed a surge in interest in Dogecoin, a cryptocurrency that was launched in 2013 and now has a market capitalization of about $9 billion, placing it among the top twenty cryptocurrencies in the world.
Even though Dogecoin’s price is currently about 7 cents, the coin, which trades on an exchange under the symbol “DOGE,” is expected to increase by 1,400 percent in 2024. The cryptocurrency, pronounced “dohj coin,” has exploded in popularity this year, with several celebrities, including Tesla CEO Elon Musk, advertising it on his path to new highs.
So, what is the state of the DOGE? Should you invest in Dogecoin? Examining the cryptocurrency’s history, comparing it to competitors, and evaluating its phenomenal growth will properly answer the question.
The year 2021 will be remembered as the Year of the Meme
For investors, Dogecoin is a fascinating invention,” said Julian Hosp, CEO, and co-founder of DeFi, a decentralized finance service that allows anyone to lend cryptocurrency in exchange for interest. “It’s amusing when you realize Dogecoin was originally conceived as a joke based on a meme,” Hosp explains. That’s correct. Dogecoin’s emblem is a Shiba Inu dog that has become an internet sensation.
Dogecoin’s logo is a Shiba Inu dog that became an internet hit in 2013 for being funny.
Unlike Bitcoin, it is not being considered as a greater store of value: There is currently more than 129 billion DOGE in circulation. Only over 19 million Bitcoins are in circulation, with only 21 million possible. The number of Dogecoin units that can be created has no limit, and billions more will be created each year. That’s a lot of contradictory theories.
The plentiful supply may explain why a coin that was worth 35 times its value a year ago and more than 10 times its value at the start of the year is now only worth about 7 cents. Yes, in reality, a ridiculous token will take off in 2021, the same year that “meme stocks” like GameStop (GME), AMC Entertainment (AMC), and Bed Bath & Beyond (BBBY) skyrocketed in value thanks to Reddit excitement.
Determining the DOGE Value
George Chrysochou, an investor and global head of marketing for Financer.com, sees more red signs than DOGE’s meme status alone.
“The idea is driven by the community, but it has never been formally adopted,” Chrysochou explains. “There isn’t even an official development plan or a white paper accessible.
Also read: Elon Musk claims Tesla will accept Bitcoin as a payment method.
Its founder and main developers departed the project in 2015, and they have repeatedly indicated that it is overrated. “These are early implementation factors to consider,” says the author. In cryptocurrencies, where there are no earnings expectations or dividends, subjective concerns become even more important.
However, there are certain objective techniques for measuring a currency’s fair worth, such as comparing it to other cryptocurrencies like Bitcoin.
The simplest approach to compare DOGE and BTC is to price them in Satoshis, or sats, which are one hundred millionth of a Bitcoin.
A coin with the potential for unauthorized dilution with a source in such an online joke is probably not the greatest choice, except for speculative investors. Publicity stunts, even if unwittingly supplied by Elon Musk, aren’t enough to make Dogecoin a good investment.

Where To Buy Bitcoin?

To buy bitcoins, you have to exchange your assets. The assets used in exchange for bitcoin can be cash, gold, or any other tangible form of income or other digital currencies. This chain of exchanging things in place of Bitcoins begins with the give and take rule. You give something that is equivalent to Bitcoin and then gets Bitcoin in your wallet. Both Bitcoin seller and buyer need a cost-effective and secure exchange that is quick to set up and admits different funding sources.

In 2021 some of the places are identified that are suitable for the cryptocurrency exchange. These are  Coinbase, eToro, Robinhood, CoinMama, BlockFi, and Bisq. But there are certain limitations associated with these exchange providers. You have to examine and decide the place which suits your requirements.

Coinbase is a platform for exchanging more than 50 currencies. When you are a beginner and don’t know much about Bitcoin, always start with Coinbase exchange. It demands a reasonable fee from beginners. This type of exchange is most secure and verified by 56 million users. It helps you to track the records efficiently. You can store your data offline.  San Francisco laid the foundation of this system.  Fees for buying the coins vary according to client needs.

For debit cards, the payment method is expensive. So people might look at other places for their cryptocurrency exchange.

One of the platforms from where you can buy your Bitcoin is eToro. eToro allows their clients to check their services for free. Testing will not use virtual money. They use your virtual money only if you are willing to use their services after a free trial.  This simple platform is easy to understand and use. This platform utilizes a copy trader system. eToro deals with 18 currencies.

Another platform used for Bitcoin exchange is Robinhood. Though this platform deals with a limited number of currencies, it is an easy-to-use platform. Bitcoin users can buy or sell a commission-free cryptocurrency. That means you don’t need to pay any amount to this platform to buy your Bitcoin. This platform can be used as a side account as well for your Bitcoin.

CoinMama platform enables quick exchange of Bitcoin. Clients can buy Bitcoins with just a few clicks. You must have a wallet if you want immediate delivery of coins. After successful verification of the account clients creates for buying Bitcoins, they place the order. CoinMama verifies the fees by debit cards or credit cards and sends Bitcoins to the client’s account within seconds. Instant delivery of coins is costly. It deals with limited currency exchange but offers you a variety of payment options.

also, read – how much is one bitcoin’s worth?

 

What is Bitcoin mining?

At this point, I am pretty sure most of you know what Bitcoin is. Bitcoin is a form of crypto or digital currency used to make payments for online transactions. Well, even if you didn’t know what Bitcoin was, you will surely know what is mining. If you look up the meaning of mining, it says it is the process of extracting minerals from the Earth.

Now you might be thinking, cryptocurrency and mining, don’t correlate very well. What is this so-called Bitcoin mining? No wait, it does not involve anyone going underground with a pickaxe and tools digging all day waiting to strike gold (or Bitcoin).

If you have heard of Bitcoin or have done some basic research on Bitcoin and cryptocurrency, it is highly unlikely you have not come across the word ‘Bitcoin mining’. But what does mining have to do with a currency, that too a completely digital form of currency?

Bitcoin mining is referred to the process through which new Bitcoins are entered into circulation. Think of Bitcoin mining is the process of printing new money to ensure the circulation of new money by central banks of different countries. Issuing new paper currency involves printing new money, but that can’t be the same for Bitcoin because cryptocurrency is not a material form of money. This is where Bitcoin mining comes into play. Bitcoin mining is generating more Bitcoins, a task performed by computers with high-performance functions. Bitcoin mining is a complex process performed by solving complex math problems that are too difficult to be performed otherwise.

Bitcoin mining is essential for two reasons. When a computer solves a complex math problem on the Bitcoin network, a new Bitcoin is produced. This ensures Bitcoin is generated and circulated in the system. And to maintain a ledger of transactions for each generated Bitcoin. By doing so, Bitcoin miners ensure that the Bitcoin payment network is secure and trustworthy by verifying the payment transaction information.

 

When someone sends anyone a Bitcoin or makes an online payment with Bitcoin, it is called a transaction. Since Bitcoin is not a centralized form of currency, every transaction is stored and documented by Bitcoin miners. These transaction pieces of information are clumped together and called “blocks” and added to a public record called “blockchain.” Further, these blocks are recorded and stored so that they can be verified in the future. When adding a new block of the transaction to the blockchain, miners should ensure that the transaction they are uploading is accurate. This means that miners should ensure their blocks are not duplicated.

 

You must have got a small idea of what is Bitcoin mining and how it works.

also, read – how does bitcoin work?

How to Invest in Bitcoin?

If you have just started to learn about Bitcoin, buying and investing in this electronic currency may seem a little complicated. Bitcoin has grown in popularity among today’s buyers over the previous few years. During this time, there has been a lot of discussion regarding Bitcoin and other cryptocurrencies—people in favor of Bitcoin claim that they are the future of finance and investing, while detractors argue that they are a hazardous investment option with low returns.

Here are the basic steps you need to follow to get started with bitcoin –

 

  1. Become a member of a Bitcoin exchange

 

To begin, you’ll need to decide where you’d like to buy Bitcoin. Cryptocurrency exchanges are used by the majority of Bitcoin investors. Because Bitcoin is an open-source technology, there is no official “Bitcoin” corporation, but there are multiple distinct exchanges that facilitate Bitcoin transactions. Like a stock brokerage, these exchanges act as the intermediaries in bitcoin investing.

Some of the most popular exchanges are Coinbase, Binance, Gemini, and Kraken.

 

  1. Get yourself a Bitcoin wallet.

 

When you buy a coin, it’s placed in a “wallet,” which holds all of your cryptocurrency. A “hot wallet” or a “cold wallet” are the two sorts of wallets available.

 

A hot wallet is managed by your bitcoin exchange or a third-party supplier. When you open an account with some exchanges, they will instantly supply you with a hot wallet. Hot wallets are useful in any way because you may access your coins over the internet via a software program.  Electrum and mycelium are some popular hot wallets.

 

The safest way to store your coins is in a cold wallet. A cold wallet is a physical device that saves your coins, typically a portable device that looks like a flash drive. The majority of cold wallets cost around $100. Trezor and Ledger Nano are two popular cold wallets.

 

 

If you’re only going to buy a little amount of cryptocurrency, a hot wallet with an insured crypto exchange might suffice. However, if you plan on trading big sums of cryptocurrency, a cold wallet will be well worth your money.

 

  1. Link Your Wallet to a Financial Institution

 

You’ll need to link your wallet to your bank account after you’ve received it. You can buy and sell coins using this method. Alternatively, your cryptocurrency exchange account could be linked to your bank account.

 

  1. Make a Bitcoin purchase

 

You’re now ready to buy Bitcoin. Everything you need to buy will be available on your bitcoin exchange. The most important question is how much Bitcoin should you buy.

 

Some coins are worth hundreds of dollars, yet exchanges frequently allow you to acquire fractions of a single coin for a few dollars.

 

Investing in Bitcoin is extremely dangerous, therefore you should carefully assess your risk tolerance and reassess your investing strategy before making any purchases.

also, read – how to buy bitcoin?

HOW TO BUY BITCOIN?

We have been talking non-stop on bitcoin. So then you might be wondering, “how do I buy bitcoin?” No worries, we have got you covered.

Before you head out to buy bitcoin, you must have a wallet. Not your normal wallet but rather a digital wallet. Bitcoin is a form of digital currency and like any currency, you need a wallet to store your digital money. This digital wallet can be software on your computer, an online wallet, or even store in offline means such as in a USB or paper is written in the form of keys. This method is known as ‘cold storage’ to store your bitcoin. Having a digital wallet stands as an exchange ground for you to buy bitcoin from companies that sell bitcoin in exchange for money.

Once you have set up your digital wallet, the next step is to choose a bitcoin exchange. In technical terms, you will have to register with a ‘fiat-to-crypto exchange. What this means is you need to register with a company that sells bitcoins in exchange for regular money. Such companies usually sell bitcoins in exchange for any government issues money like dollars, euros, etc. The company that you buy bitcoin from usually sells you bitcoin from their private reserves. What this means is that they can charge you a service fee for the amount of bitcoin you buy from them. Coinbase, Gemini, Coinmama are some of the renowned and trusted bitcoin sellers online. When choosing a broker to buy bitcoins from, it is better to opt for a seller that is in your own country as this avoids excess charges and other bank fees that may occur on an overseas exchange. Buying bitcoin from overseas sellers may incur extra charges like foreign transaction fees, currency conversion fees, etc. which further add to the cost of buying bitcoin.

Once you have found the perfect seller or broker to buy bitcoin from, the next step is to register and complete security checks. Different exchange companies or sellers have different details, but you should visit the exchange’s homepage and register through your email in general.

The security checks vary for different bitcoin sellers. Many exchanges ask you for your mobile number or any other verification to allow a two-factor authentication for further safety. The exchange usually involves accepting anti-money laundering terms and other rules that affect the country of exchange. Next, you will be asked for proof of ID.

After the verification procedures are over, the next step is to add a payment method to buy bitcoin. This can include methods like debit or credit card, bank account details, etc. This also makes it easier for you to sell bitcoin in the future and allow transactions directly to your bank account.

Once you have set up your bank account, the next thing to do is deposit money into your exchange account.  Once you go through the transaction and finish the payment, the seller will add bitcoin to your exchange account. From here you can transfer this bitcoin to your private digital wallet using your wallet ID. Your digital wallet functions as a bank account but the only difference is it stores your crypto-currency.

this is all, now you are good to go

also, read- how does bitcoin work?

HOW DOES BITCOIN WORK?

We are living in a fast-paced world. People now prefer to get their work done with just a single click. Digital currency is now in demand and is more preferred than cash or tangible form of currency. Which requires a lot of effort to handle, use or transfer to others. Bitcoin is a digital currency created in 2009. It is also described, as virtual currency or cryptocurrency.

 

New users can start with Bitcoin before understanding the technical details. But they might face security risks or other difficulties while handling this online version of cash. It is advisable to know the proper working of this currency beforehand.

 

Blockchain plays a vital role in Bitcoin. What exactly is this blockchain and how are we going to use this for our Bitcoin?

 

Blockchain is a shared public account of Bitcoin. The entire Bitcoin network relies upon blockchain. Units of blockchain contain the necessary details about every confirmed transaction, including time and date, total value, buyer and seller, and unique codes for the transaction.

 

The digital chain of blocks follows a chronological fashion.

 

How Bitcoin works?

 

A digital wallet stores Bitcoin. Bitcoin is sent from or received in the wallet of users. Blockchain maintains the record of transactions and is not under the control of any organization. The history of the transactions can be traced back, thereby preventing copies or un-doing of the transaction by the sender.

 

According to Stacey Harris, consultant for Pelican,

“Once a block is added, to the blockchain, it becomes accessible to anyone who wishes to view it, acting as a public ledger of cryptocurrency transactions,”

 

The public ledger of cryptocurrency might be risky as everyone has easy access to it. It prevents any risk after multiple verifications. The transaction block is added to the blockchain after successful verification by multiple Bitcoin users. Specific codes are generated which are unique to the user’s wallet. The transactions are end to end encrypted by the long random numbered codes. These codes cannot be copied or guessed by the fraudulent agency and make Bitcoin transactions safer.

 

To protect the holdings, the Bitcoins traders and owners use keys and wallets. Different forms of wallets might be used as QR codes printed on papers, debit cards. Two number key is used, to report the ownership. One number is assigned to the public key that is derived from the private key and contains a username. The other number is for the private key which is a code or password. The public key contains a hash that provides further secure transactions and is displayed on the blockchain.

 

The sender must know your address before sending you Bitcoins. On the other end, the public key is used, to send Bitcoins to other addresses as well.

This sums up the simple decentralized technology that works on.

also, read –How much is one Bitcoin’s Worth?

 

 

How much is one Bitcoin’s Worth?

The rapid change in people’s life made cryptocurrency a valuable asset. Moving from the traditional world to this modern era involves many changes in your life. Once upon a time, the only source of getting new things was cash. And now the online mode of payment is preferred. One of the popular digital currencies is Bitcoin. Almost twelve years ago, Bitcoin was introduced as one of the cryptocurrencies. Bitcoin’s existence is not physical. Experts create Bitcoins using computing techniques. It is then given a value according to which people exchange their assets to buy Bitcoin. You can buy Bitcoin by exchanging your cash or other assets. Bitcoin operates by blockchain, that blockchain is a public ledger.

 

How much is one Bitcoin worth?

 

Digital currency has its flaws. You can’t expect to be a millionaire while shifting from cash to Bitcoins. There came a time when Bitcoins showed an increase in their price. In April 2011, Bitcoin’s price increased from $1 to its peak and stopped at 32$ by July 2011. A gain of 3200% within three months. After a period of massive success, Bitcoins price decreased down to $2 by November 2011. Since that there are rapid fluctuations in Bitcoin’s price. It suffers from both incline and decline over time. You have to be patient. When you invest in Bitcoins, you have to bear the loss.

 

From 2011 – 2020 Bitcoins’ price faced rise and fall. In 2017 Bitcoin investors felt despair and made their minds shut down this business and shift to something else. From 2017- 20120 the Bitcoin’s price did not show any remarkable rise. In December 2020, the widespread deadly pandemic changed the destiny of Bitcoins. The economy shut down, Bitcoin prices burst in again. Investors accelerated Bitcoin’s policy from the fear of loss in the global economy. Bitcoin was trading for $18,353 by November 23. Bitcoin’s price increased day by day and reached its highest peak. By January 8, 2021, Bitcoin’s price was $41,528.

 

 

Bitcoin is not about trading or transactions all the time. Bitcoins allow users to buy and store their assets for a longer duration without any service charges or tax deductions. You may find several factors responsible for the change in Bitcoin’s price. 

 

Whenever you bring something new into the market, it takes time to earn people’s trust. Bitcoin’s early days went through a massive struggle to win a place in the market. It was not easy for everyone to manage the rapid rise and fall in Bitcoin prices, privacy issues, public addresses, public accounts. It took time to understand the terminologies associated with Bitcoins apart from the procedures used for Bitcoins.

 

During the start of Bitcoin, very few buyers stepped in. Thin liquidity, a rise and fall in prices, and a ban on cryptocurrency exchange resulted in a change in bitcoin’s price. 

If we talk about today’s Bitcoin price, one Bitcoin is equal to 33,576.70 United States dollars. Bitcoin’s importance and success are not under any control. There are continuous fluctuations in Bitcoin’s price. It seems that Bitcoin’s journey has no end. It is expected in the future that Bitcoin’s price can break all the previous records.

also read – all you need to know about BITCOIN

 

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