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Origin of Bitcoin Whitepaper

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bitcoin whitepaper

In the 9 years since its inception in 2009, Bitcoin has taken the digital world by storm. A decentralized digital currency, the creation of this peer to peer version of electronic cash has been credited to a certain Satoshi Nakamoto. It was released as an open source software in 2009. Till date it has been a mystery regarding the identity of Satoshi Nakamoto. No one knows if this is a single person, or a group of team of people who came together to introduce this new technology.

The domain “bitcoin.org” was registered on 18th August, 2008. A link to a paper authored by Satoshi Nakamoto, dubbed as the founder of Bitcoin, titled ‘Bitcoin: A Peer-to-Peer Electronic Cash System was posted to a cryptography mailing list later that same year in November.

No person or organisation has yet came forward to earn the credit for introducing this brilliant new innovation to the world. What many people wish to know is why would anyone go to such an extent to introduce to the world, a detailed decentralized and distributed system of peer to peer electronic cash transfer system, only to never come out in the open and receive any credit or appreciation for it? It is not just a matter of just gaining praises, accolades and rewards but there is no person as such who can even defend this technology for the people who have always been openly critical of this system and tagged it as just a fraud.

 

Satoshi Nakamoto: A libertarian

Considering the decentralized and distributed nature of the Bitcoin platform, where there is no single point of central control and no  government authority or centralized bank can meddle with its management and operations, people who have looked at the Bitcoin whitepaper hold the strong belief that whichever person or entity is behind the name of Satoshi Nakamoto hates the corrupt rich people and politicians and the highly corrupt banking systems. The incredible focus on making it a completely tamper free and fraud free platform has prompted people to come up with this conclusion.

It aims to make online payments directly between two willing parties without having to go via any financial institution. This is facilitated by the incorporation of digital signatures. Another major issue that this network aims to get rid of is the problem of double spending. This is tackled via the peer to peer network nature of the Bitcoin platform.

 

Anonymity for good reason

Humans have an inherent nature of always finding faults with even the things that benefit them. Such a new and different form of peer to peer electronic cash transfer system of course becomes the eye sore for some since they do not understand the technology that goes behind making it a decentralized platform. This is why maintaining anonymity over the owner or founder of such a revolutionary new technology that handles people’s cash was probably a very intelligent decision to take. Staying anonymous has helped Satoshi Nakamoto to avoid all sorts of severe legal consequences. This anonymity has kind of helped in making this currency and platform such a major hit.

Moreover, the original idea behind hosting this platform was to make no particular person or institution answerable for it. The idea was to not provide the government any central point of contact to communicate with or shut down the network. It only stands justified that the creator or founder of this open source platform stay anonymous. There have been several rumors time and again about many significant personalities in the information technology sector who could be the potential creators of this platform. However, all such claims have been shot down by each and every one of these personalities.

 

Bitcoin

Electronic cash or digital assets transactions over the Bitcoin network does not simply rely on trust. It incorporates intricate cryptographic methods to build secure medium for people to rely on when sending cash or making purchases online via this platform. The unstructured simplicity of the network brings about the robustness of the entire Bitcoin platform. The original white paper discusses the technicalities involved with the entire Bitcoin platform including details about ‘Transactions’, ‘Timestamp Server’, ‘Proof of work’, ‘Network’, ‘Incentive’, ‘Reclaiming Disk Space’, ‘Simplified Payment Verification’, ‘Combining and Splitting Value’, ‘Privacy’, and ‘Calculations’. Anyone wishing to go through the Bitcoin Whitepaper and visit the website bitcoin.org or access it directly here.

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Top 10 Bitcoin Advertising Network Platforms

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Popular Bitcoin Advertising Networks

Best Bitcoin Advertising networks as of 2018

Advertising can be considered as a form of providing an information to the people so that they are aware of the product or service they provide. In olden days people used to march around the whole village holding banners to advertise the product or a service to the people. But as days have passed by modern methods are used for advertisements. The current generation online and hence instant, therefore the advertising industry adapted to the situation in order to meet the requirements. A whole new spectrum of opportunities has evolved in the online marketing industry.

The cryptocurrency world is seeming very promising to many people and is hence trying to find out ways to earn them. Advertisements are one of the means to get them. If a person runs a website which is related in publishing the cryptocurrency related contents then if he ties up with an Advertising network then that company would pay him to show their ads on his webpage. In particular, if the website is related to Bitcoin then collaborating with a Bitcoin Advertising Network would be a preferred option. Some of the most popular Bitcoin Advertising Networks are listed below.

 

  1. A-ADS (ANONYMOUS ADS). It is regarded as one of the best in the field. As the cryptocurrencies and the Blockchain Technology aims at providing complete transparency and therefore privacy, the company seems to follow it’s footsteps and doesn’t track the personal data. It does so, by not allowing any cookies to be left on the visitor’s computer. They are one of the oldest Advertising Networks that still exist. It offers only Cost Per Click (CPC) and Cost per Thousand Impressions (CPM)  type of advertising models. They have no restriction on the type of website that they collaborate with is the minimum traffic limit that a particular website should have.

 

  1. Coinzilla.IO.  One of the most famous advertising networks along many other is COINZILLA.IO. The advertising network strives to provide the most relaxed and high-quality advertisements to its customers. The publisher has an advantage of fast website approval. Payment is done here only in Bitcoins. It is held for a period of seven days in order to avoid or check the fraudulent activity/clicks on the website. The minimum payout is around 0.001BTC with a fee levied upon it of 0.0001BTC. Here, the one of the requirement is that the website must be more than 3 months old.

 

  1. ADVERTI – INNOVATIVE Bitcoin Advertising Network. It is one of the most innovative Bitcoin advertising networks and it even claims that it provides more than 100 million impressions on websites on a monthly basis. It is one of the best advertising networks providing the highest revenue. It employs CPM advertising model. The payout can be in both USD as well as Bitcoins. A split up the option of the payout is also available. The company does not accept adult websites and also it must be at least three months old. They also support Paypal as the payment method.

 

  1. MELLOW ADS. They are also one of the leading Bitcoin Advertising Networks which specializes in providing banner advertisement as well as a pop-under advertisement models. An automatic payment system is available here and a 10% pay provided is provided for network campaigning. The website must have at least three months of history and a manageable Alexa ranking. The payment is done only in Bitcoins. This particular advertising network is very fast growing with almost 8.2 billion banner as well as pop-under ad Impressions within past 30 days.

 

  1. COINURL. It is one of the most popular organizations providing an URL shortening service. A URL shortener is nothing but a tool which is used to reduce the length of the uniform resource locator which redirects to the original page itself. However, it is also a Bitcoin advertising network. It provides a banner advertisement model where the publisher is paid using the Cost-per-click system. All kinds of websites are supported and the payment is done on a daily basis.

 

  1. Bitmedia.IO. It is currently supporting more than 4000 websites which deliver almost 3.6 million ad Impressions. The Advertising Network is best suited for crypto-related Niche websites. The payments are done on a daily basis with a minimum payout being 0.01 BTC. It specifically requires the websites which are cryptocurrency and Blockchain related. Websites with spams and auto-redirects would not be accepted.

 

  1. COINTRAFFIC. It is another Bitcoin advertising network which places its advertisements on its list of cryptocurrency and Bitcoin websites. It is estimated that the company imparts almost 3.6 billion impressions per month. The company supports websites without adult content. There must be 10000 unique visitors every month and hence it must be a top domain. It offers CPC and CPM based advertisements with no bonus for referrals.

 

  1. CoinAd.  This Bitcoin advertising network is very unique from all the other networks. It is unique in a way that they impose strict requirements for the websites and new publishers can get in touch with them only on an invite basis.  It is considered to be a privilege if one manages to collaborate with this particular Bitcoin advertising network. The publisher will gain enough profit if his website is of good quality and receives a lot of traffic. The payout is done on a weekly basis in Bitcoin or by using PayPal.

 

  1. Adbit. This advertising network is a part of BitRush. Here the various advertisers compete with each other and bidding is done for the ad space provided on your website. Hence the publisher can gain maximum profit out of his ad space provided. The payment is done instantly with every click which is done in the advertisement.
  2. Bittraffic. If the publisher’s website of a niche type then this service can effectively be applied in order to earn money. It can reach thousands of customers within a matter of few hours itself. The service is available worldwide. It provides CPM and CPC type of ad model. Payment is done in various cryptocurrencies.

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Altcoins

Coinnounce launches TradingSim, a 100% free crypto trading learning tool

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Coinnounce has launched TradingSim, which is a completely free crypto trading learning tool

Over years, amateur traders have always complained about having learned all the basics and workings of a digital currency platform and still could not make any profits and ended up losing their money even after months of researching and learning. This makes them want to give up even if they really want to work in this industry and reap some harvests of their own. It is for people like these that Coinnounce has launched TradingSim, which is a completely free crypto trading learning tool. It helps you simulate live trading conditions where one can practice and learn the nuances of trading before they actually invest their money on live trading platforms.

 

Who is it for?

This helps them to not just simulate live conditions but also learn trading techniques which they can utilize to gain profits when they actually start trading with their real money. Anyone from a hedge fund manager to a stay at home mom can try their hands at this crypto trading learning tool.

This helps traders not just beginners, but also advance level traders, to improve their trading skills without risking any real capital. This simulator can be accessed at any time of the day or night, as per the users’ convenience, and a part time trader can then practice after their regular job hours. This helps you develop your skill and start trading like a pro, where the learning takes place at your own pace. It accelerates the steep learning curve of becoming a consistently profitable trader.

 

Signing up and further

Signing up on this platform is really easy and quick. All you have to do is visit their site at this link and click on ‘Create a New Account’. You would be asked for your name, a valid Email ID, a unique password of your own which you would be asked to enter every time you wish to login onto the simulator, and then you would be asked to re enter the password for confirmation. Check the box next to ‘I agree to the terms of service’ and click ‘Let’s go’. And you can get started.

It does not require any additional downloads. It runs completely on your Internet browser. Once you hit on ‘Let’s go’, your account is activated and you would be walked through to setup your dashboard. You would first be asked to select the language you would like to use. After this, you would be asked to make a choice of the currency you would like to practise trading with. After you have made this choice, you would be asked to select 4 of your top choices in cryptocurrency. Choose your favorite 4 digital currencies from the long list of options available and you are all set up!

 

Features of TradingSim

The entire set up of the simulator is very simple, user interactive, and easy to use. There is a panel on the left hand side called ‘My Watching List’. You can also change the overall theme of the site between Dark or Light – depends on your personal choice.

Another thin vertical panel on the left hand side has several options like Board, Order Book, Market, Portfolio, Leader Board, Calculator, and News. The News option keeps you up to date about the most recent of news in the digital currency world, and the Order Book option can be used to look at your complete trading history.

The platform is so easy to use that you will be placing trades within minutes of creating an account without reading lengthy instruction manuals or how to guides. You practice account starts with a minimum balance of $5,000. Subsequent investments and profits keep bringing changes into this ledger.

You can also download the pushbullet app and integrate your two accounts so that you can receive notifications in your phone if you do not have continuous access to your laptop.

 

Indicators on TradingSim

The TradingSim platform offers several indicators using which you can evaluate your performance. These include Exponential Moving Average (EMA), Simple Moving Average (SMA), Bollinger Bands (BBands), Average True Range (ATR), MACD, Stochastic Oscillator, Relative Strength Index (RSI), Commodity Channel Index (CCI), Rate of Change (ROC), and the Average Directional Index (ADI).

This software would help you reduce your learning curve and grasp trading skills fast without having to suffer heavy capital losses in the real world live trading.

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Bitcoin

10 steps on how to start trading on Binance

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Binance is a platform which offers, quite possibly, the most easiest and safest medium to trade cryptocurrencies of your choice.

Binance is a platform which offers, quite possibly, the most easiest and safest medium to trade cryptocurrencies of your choice. Binance is a blockchain ecosystem comprised of Exchange, Labs, Launchpad, and Info. If you have researched enough and finally decided to go for Binance, you should be commended on your great choice since Binance is highly reliable, very popular and growing at a good rate and is credited as one of the largest and most important in this particular industry.

Founded recently in 2017, it has grown upon digital currency investors very quickly and is becoming a more popular choice amongst people with every passing day. So if you wish to become a part of this too, follow the easy to learn, simple steps and get started with Binance!


Step 1: Before you get started

Binance is one of the best in the industry however, one must note that you cannot actually trade traditional currencies on it. This means that you cannot actually transfer your US Dollars / Euros / Sterling Pound to your Binance account. You can only transfer cryptocurrency into your Binance exchange account. That being said, before you actually proceed onto how to start trading on Binance, you would be required to take care of a few things which are to first purchase Bitcoin outside of Binance. Then you can transfer your Bitcoin to Binance. After you are done with this, you can then proceed ahead to purchase the other cryptocurrencies you want using your Bitcoin.

 

Step 2: Open the Binance website

Visit their official website here. Do make sure that you see the ‘Secure’ tag on the top left corner of the website link. It is important to always keep an eye out for secure websites. The most dangerous part of cryptocurrency is landing on a fake website and sending your hard earned crypto to a scammers wallet because if you do that, you can’t get it back. By ensuring websites are “secure”, you can ensure you are protecting yourself and are actually using the official website so you cannot be scammed.

 

Step 3: Register on Binance

On the top right hand corner of the webpage, you would see the ‘Register’ option. Click on that. You would be redirected to their sign up page. Fill in the details they ask you to which include your Email ID, password and you would be required to confirm your chosen password once again. There is also an optional field to fill out a referral ID. Click on the checkbox below to agree to their Terms of Service and hit ‘Register’.

 

Step 4: Verification

Before you can actually start using your Binance account you would be required to undergo a quick verification procedure. you’ll be presented with a quick verification puzzle. Again, this is for safety to assure you are a human being and not hacking-software. Moreover, you would be required to access your email account too. Binance would have sent you an email which requires to be verified and provides further instructions to move ahead. If you cannot find the email in your inbox by any chance, check your Spam folder.

 

Step 5: Two Factor Authentication

After you have opened your email and clicked on the ‘Verify Email’ option, you would be redirected to a page which says that your account has been activated. You would be required to login again using your personal credentials. After this Binance redirects you to their homepage but you would be met with a pop up which asks you to enable two factor authentication. This is done in an attempt to add additional layers of security to your account. Although you can skip this step, it is highly recommended since an additional step in cyber security does not hurt anyone.

 

Step 6: Deposit Currency in your Binance account

Since you are already aware that Binance does not provides its users a digital wallet where one can add traditional fiat currency using their bank accounts or online banking, this step assumes that you already have a digital wallet with Bitcoins in them. Sending those Bitcoins from your wallet to your Binance account is a very easy process. You would see the option of ‘Funds’ in the top right hand corner of the web page. Hover over this option and you would see a drop down menu. In the menu, click on the first option which is ‘Deposits Withdrawals’. Click on this option.

You would be redirected to a page with a long list of several digital currencies. Look for the ‘Bitcoin’ option and in that row, select the ‘Deposit’ option. This will then show you your Bitcoin Deposit Address using which you can now receive (“deposit) or send (“withdraw) any cryptocurrency that Binance supports.

 

Step 7: Transfer your coins

The address you will be sending to will be generated in the field under “BTC Deposit Address” as already mentioned in the last step. So if you’re transferring BTC from your wallet or from other exchanges to Binance, this will be the address you send your BTC at.

 

Step 8: Start trading on Binance

Now that you have everything in place, you can finally trade your digital currencies. This is a fairly simple process and even though the tradin web page may look a little daunting to new investors, you need not worry at all since one can catch up real quick and it does not take much time to get used to the entire working of the system.

On the top left hand corner of the web page you would see the ‘Exchange’ option. Click on it. You would be redirected to a crazy looking page with lots of names and numbers but do not worry. All you need to do is pick the coins you want to trade, and then trade them! It is as simple as that. identify the coins you want to trade. Typically for a beginner who has just started investing and trading in digital currencies, this will mean that you are taking your newly deposited Bitcoin, and diversifying your cryptocurrency portfolio by investing into new coins. These could be anything. Enter your price or the amount you wish to trade and click on ‘Buy’. And you are done.

 

Step 9: Sell ‘em

If you have previously acquired some digital currency which you now wish to sell, follow very similar steps as that of buying them, and sell them off. Click on ‘Sell’, choose your digital currency, enter the price or amount you wish to sell and click on ‘Sell’.

 

Step 10: Pay up

You are required to pay a small amount of fees for all the buying and selling you do on their website. They charge a very low rate of just 0.1% which is in fact one of the lowest in the market. However, if you wish to cut down even this low charge to half, you can utilise Binance’s own coin – BNB or the Binance Coin. Using this, your charges are further cut down to 50% in the first year, 25% in the next year and so on.

 

Now that you have learnt about the basics of trading on Binance, go ahead and apply them! Happy Trading.

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