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#Blockchain

Guide: How to start a blockchain company?

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The blockchain is one of the powerful buzzwords in the recent scenario and there are several tangible reasons to use this technology.

Whenever mankind has found something new, creative minds have had the urge to explore more. With one relatable chain, all you get is a unified and unique product. And, what we do with that product? Let’s find out!

Blockchain Technology

Creativity is the mother of all innovation is a line we have heard since we were kids. However, in today’s date simply innovation does not help. You need something full proof and that’s what went in the mind of the developers of the blockchain technology.

The multi-faceted technology has not only created ripples but also came as a blessing for numerous organizations. It has stimulated sums of businesspeople throughout the world to commence their individual firms.

 

Considerations before commencing a Blockchain Business

Vast aggregates of companies have recently started to develop blockchain-powered businesses. However, there are floating delusions around what the method actually looks like.  As a businessman, you must know what is unique and what kinds of mindsets are expected.

It is further essential to have a clear idea because mistaken expectations have the power to doom your business before it surfaces.  Considering developing an innovative trade with blockchain? Pick on these few points.

The conditions of the cryptomarket will profoundly affect your fundraising endeavors:

It means that the market value of the cryptocurrency is a determining factor behind fundraising agendas for projects. Hot markets attract investors and vice-versa.  

Business with blockchain is fast than any other technology:

Some of the companies assume that starting a business with blockchain is something unconventional. However, the only exception to blockchain and other technologies is the speed. The principle values remain the same as to concentrate the efforts on developing a marketable product, accumulating a skilled crew, and creating engaging contents.

Founding team must have high technical prowess:

Your proposed entrepreneurial process demands pressing attention to the synchronicity of the originating unit. If one side is yielding to face the customers, the other side has to hold skilled technical knowledge. Your business must be able to collaborate with cross-functional specialties.

 

Why your company should practice Blockchain?

The quick and naive objective is to get extra funding. The blockchain is one of the powerful buzzwords in the recent scenario and there are several tangible reasons to use this technology.

The blockchain is kind of a public ledger that helps to store and maintain all kinds of businesses selling and buying. These transactions are secure inside “blocks” that are linked with each other individually and time-stamped  Tampering with any data in a block would affect the entire chain, making it impossible to meddle with and more secure.

Facebook’s current travails are evidence that any business, no matter how big it is, is susceptive to decaying public support if it is unable to maintain user data and protect it. Stabilized businesses similar to Facebook will apparently endure and be fine. Whereas, new companies or Startups staring to get supported might face consequences. Therefore, the use of blockchain is beneficial to a great extent.

 

A glance at the Importance of Brand name

An innovative idea, structure, and marketing all are necessary to build a company, But can a company run without a name? The major role of a company’s success is often attached to its brand name.

A good brand name will not only attract customers but also make way for influential online visibility among the sea of other competitors. The name must not be a tongue twister and customers can easily decipher.

It should be crisp and easy to remember. Brands names that are long is not much solicited by the consumers, they start looking for shorter alternatives. Convenience is the key, be it services or name. Moreover, a brand name must be unique, imagine using blockchain technology but the name deals with Instagram, that will not work right?

The audience must be curious about the name, only hearing once should make them feel to know more about it.  So, that’s the power of a name, In fact, services and background come later.

To decide a name is not an easy task, therefore, it will be better if you take expert advice and look for some references or inspiration. Cryptocurrency and blockchain brand names must be unique and different as it deals with one of the most important aspects of the business. Well, there is a place which will fulfill all your brand name requirements and the platform is obviously Brand Thugs.

Here, you will find all the relevant suggestions for brand names related to business, the blockchain, and cryptocurrency. Here is a list of some awesome blockchain related domain names available on brandthugs.com:

1. BlockXchain.comThe perfect domain name for a cryptocurrency or blockchain business based on the word ‘blockchain’.

blockxhain.com_domain-min_(1)

2. okHODL.com: An on-trend name containing the cryptocurrency slang term ‘HODL’, which means to hold.

okhodl.com_domain-min

3. BitcoinVisits.com: A welcoming name that invites ‘bitcoin’ enthusiasts to ‘visit’ often.

bitcoinvisits.com_domain

4. CoinFarming.com: Grow your crypto wealth with this perfect brand name.

coinfarming.com_domain-min

5. BitcoinAdvertising.comThe best combination of the words “bitcoin” and “advertising”.

bitcoinadvertising-2

 

Blockchain-friendly nations

Several diverse companies started coming up within the ecosystem embracing cryptocurrency, customarily assigned to a money-raising ICO, which made many investors think twice on how to manage this crowd-funded, decentralized form of funds raising. Some of the nations that favor the use of blockchain are the USA, Switzerland,  Bermuda, and Malta. these nations are actively modifying and building legislation to embrace blockchain plans, programs, and projects.

#Bitcoin

Can Bitcoin be Traced?

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Earlier it was challenging to trace Bitcoins, but current technology has led to practical ways of tracking stolen bitcoins.

Earlier it was challenging to trace Bitcoins, but current technology has led to practical ways of tracking stolen bitcoins.

To track the person who received the bitcoin, the address owner must be aware of it.

However, governments do not want bitcoin owners to be unknown, and they are trying to regulate bitcoin in a way that can be monitored.

It’s nothing new since people have been doing blockchain analysis and bitcoin tracking since bitcoin was used to exchange stuff on the internet.

 

Is Bitcoin Anonymous?

As Bitcoin has become more popular and some criminal activity has been disclosed on the Bitcoin network, many people have wondered whether their Bitcoin transactions are anonymous or whether there are some essential complexities that they should be aware of.

Bitcoin tumblers allow many different users to put their cryptocurrency in a “bucket” and then return the same bitcoin value to each user, but with bitcoins put into a bucket by other users.

Bitcoin is not entirely untraceable, but it is a common misunderstanding, as Bitcoin is well known for masking user identity.

 

Users who rely on bitcoin exchanges ( such as Bitfinex, Binance or Kraken ) to exchange money for bitcoin must disclose their personal information to such an account.

However, governments are beginning to introduce new rules that could force an anonymous Bitcoin exchange to verify the identity of a new user before allowing them to purchase Bitcoin with fiat currency.

Create multiple addresses so that bitcoin can be randomly distributed, making blockchain analysis more difficult and anonymous.

 

Bitcoin is often presented as an untraceable payment method that facilitates illegal activities by allowing criminals to make and receive payments without being monitored.

There are many ways in which the identity of a person can be exposed to bitcoin transactions.

 

Now you have your bitcoin clean; you don’t want to waste all the hard work of using it in a trackable transaction.

As such, if you can pay with bitcoin and rely on the trader not to keep any PII records, the purchase may be anonymous.

If you prefer to spend your bitcoin on other cryptocurrencies or cash, the easiest thing to do would be to go to the exchange.

Portfolios, currency exchanges, mixing companies, and P2P sites have all been used to cheat bitcoin users.

Keep in mind that bitcoin is still the most widely accepted cryptocurrency.

 

Bitcoin is the only virtual currency with enough people who want to buy it to become moldy.

Cybercriminals use the creation and monitoring of Bitcoin portfolios, which can be done automatically, helping them find out which victims have paid.

Bitcoin transactions are public and contain all the information we need to track ransom payments, provided that we know which wallets to look at.

In most cases, payment tracking is not as easy as cybercriminals move bitcoins through multiple wallets to avoid payment tracking.

 

So, if you’re still thinking about using Bitcoin for your transaction gateway, be careful that you can track it as well.

Most users use online bitcoin exchanges to exchange bitcoins for real currency, such as bitpay, coinbase, localbitcoins, etc.

As the number of pro traders is slightly lower in online markets, it is easy to look at the bitcoin transaction by going to their bitcoin address.

 

Oaktar can be used to collect much more than the information needed to identify and link someone to specific Bitcoin addresses and transactions and can do so without relying on cryptocurrencies.

As alarming as oaktar and its activities, no new information has recently emerged to indicate that the NSA has expanded its Bitcoin monitoring efforts to other cryptocurrencies.

These protocols include CoinJoin, Dark Wallet, bestmixer, io, sharecoin, and coinwap, all of which also offer Bitcoin and other cryptocurrencies the possibility of anonymizing their transactions.

In the meantime, the more direct and intrusive methods of the NSA are also based on the fact that crypto users unconsciously compromise their internet connections, which could not be expected to monitor all cryptocurrency transactions in mass.

 

Bitcoin, the Internet currency loved by computer scientists, libertarians and criminals, is no longer vulnerable.

But Bitcoin ‘anonymity is also a powerful tool for criminal financing: virtual money can keep shady transactions secret.

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#Blockchain

Forbes releases top 50 blockchain companies list

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Forbes has released top 50 blockchain companies using blockchain technology list and these are almost all household names of the world's largest companies.

Forbes has released a new top 50 blockchain companies using blockchain technology list and these are almost all household names of the world’s largest companies. In fact, they are all billion dollar plus companies such as Amazon, Citi Group, Foxconn, Comcast and a whole host of others and unsurprisingly the bulk majority of these companies are using Ethereum.

 

Although, outside of Ethereum which is, of course, the number 1 blockchain for these companies, we do see others like Hyperledger and Quorum for example, although much rarer on the list in terms of mentions are blockchains such as Stellar Lumens or Cardano. Blockchains such as TRON, EOS, NEM, and others are not mentioned in the list of top 50 companies.

 

Companies choosing Ethereum according to Forbes:

Big businesses really like what Ethereum is doing. Ethereum has also worked very hard to make these relationships happen over the last few years and those relationships are now paying dividends big time.

 

All the top 10 companies are located in China or the United States.

The Top 10 (Forbes List):

10. Ping An Insurance Company: China

9. Bank of China: China

8. Apple: United States

7. Wells Fargo & Company: United States

6. Bank of America: United States

5. Agricultural Bank of China: China

4. Berkshire Hathaway Inc: United States

3. JPMorgan Chase & Co: United States

2. China Construction Bank Corporation: China

1. Industrial and Commercial Bank of China: China

 

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#Blockchain

JPMorgan expanding itself into the blockchain and crypto space

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JPMorgan Chase has been posting a lot of job opportunities in the blockchain and cryptocurrency industry on Indeed.com, the job listing portal.

JPMorgan Chase, the American multinational investment bank and financial services company has been posting a lot of job opportunities in the blockchain and cryptocurrency industry on Indeed.com, a job listing site. According to the data from Indeed.com, the overall job openings for the cryptocurrency industry also seems to be on a rise.

 

JPMorgan Entering the Cryptocurrency Space:

Though the CEO of JPMorgan, Jamie Dimon has always been a strong opponent of Bitcoin and other cryptocurrencies, his company has been interestingly expanding its operations in the field of blockchain and cryptocurrency.

 

Last month, JPMorgan launched its own cryptocurrency known as the JPM Coin, which will serve the bank’s precious customers in order to make transactions between them more swift and steady.

 

Back in 2018, JPMorgan had launched a blockchain powered platform known as Quorum which might be seen quite homogeneous to bitcoin and ethereum, however, it is almost fully centralized in nature.

 

Large companies entering the Blockchain Space:

In recent times, a lot of huge companies worldwide have been entering into the blockchain and cryptocurrency space. According to a recent publication by the Forbes, large organizations such as IBM, Deloitte, Cisco, Microsoft, Consensus, and others have been curiously hiring employees that are experts in the field of blockchain technology.

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