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Why we choose Ledger Wallet?

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Why to use ledger wallet

Why we at Coinnounce choose Ledger Wallet?

The Ledger Wallet is a hardware wallet meant exclusively for you Bitcoin digital tokens. People have been looking into this option of a digital wallet more and more and with increasing popularity, people need to make a few things more and more clear so that they are absolutely sure that this is the right choice for them and this decision is what will suit them the best.

That being said, here are a few pointers about the Ledger wallet to make you understand the subject matter better and to help you get started with it by knowing a few facts about this hardware wallet which has been providing maximum protection level to your Bitcoins without compromising your usability of the wallet or your control over it.

 

  1. Launched in 2014 by 8 experts (having expertise in several domains like entrepreneurship, embedded security and digital currencies), Ledger Wallet is a growing company with accelerated pace and has been constantly developing security and infrastructure solutions for several digital currencies and also for several blockchain based companies, startups and initiatives. 
  2. They have clients in over 165 countries and have already sold 1000000 ledgers till date with about 100 retailers globally. They offer infrastructure solutions which are completely customisable to safeguard the digital assets of Hedge Funds, Banks, and High Net Worth individuals.  
  3. The Ledger wallet company recently raised $75 million on 18th January, 2018 to secure digital currency assets.  
  4. They offer the Ledger Nano S hardware wallet to store digital currencies. It is very compact and durable with an OLED screen and buttons. Multiple digital currencies can be stored in them and this hardware wallet is also very extensible to other apps as well. The range for this product starts at about $92.20. 
  5. Another product they offer is the Ledger OTG Kit which has an on the go cable kit. This all in one cable kit has a cable which is a dual USB type C and micro USB cable and is supported by all Android phones. The range for this product starts at $14.59. 
  6. Gemalto, the world leader in digital security, joined forces with the Ledger wallet to provide enhanced and customised security infrastructure for digital currency based activities. This shows how driven Ledger is towards providing its users and customers high level, top of the game security products for their digital currencies so that they get to witness a better customer satisfaction. 
  7. The Ledger Wallet is a decentralized wallet and it thus does not store any of your private keys. The private keys are generated during the initialization process and the Ledger itself never gets to actually create a copy and save those private keys in its own database.  
  8. For added security, every single time the Ledger hardware wallet is connected to your computer using a USB cable, you are required to enter a PIN code which has to be gotten correct in the first three tries, failing which, all the contents of the Ledger wallet are erased permanently and the hardware wallet is thus reset.  
  9. There are several major benefits of using a hardware wallet over a paper wallet or a wallet in the form of an encrypted private key on your computer. It provides a sort of complete isolation layer between your private key and your computer or other device which can be easily hacked into. Thus you receive a complete barrier between you and your digital connected world.  
  10. The interface and functionality of a hardware wallet is very much different than a software wallet. On your computer, even if your private keys are stored in an encrypted form, whenever you sign for your transactions, they would be of course present in plain sight in your computer memory which makes it liable to be stolen by anyone. 
  11. The Ledger wallet runs on a system of two verifications. A second verification is compulsorily required to make your transaction successful. A second code stored on a different offline card is the code that would authenticate your second verification. This enhances the security potential to a whole another level by providing an additional offline security layer for the Ledger wallet. 
  12. To use a Ledger wallet, you do not need to open an account or sign up and pay for any sort of a monthly or yearly subscription. All you have to do is buy a hardware wallet for yourself, assemble it and start using it without any signing up or paying for a subscription. 
  13. In case of your Ledger Wallet being stolen, damaged or you having lost it, the Ledger Wallet provides you a backup option. When you initially fire up the wallet, during the initialisation process, a paraphrase is generated which is a sequence of randomly generated 24 words. This paraphrase can be used in the event of losing or damaging your Ledger wallet to retrieve your precious digital currencies.  
  14. The private keys that you store on your hardware Ledger wallet are stored on chips and they never leave them. These private keys are not accessible to anyone, even to the computer that this particular Ledger is connected to. Thus making it very safe and secure. 
  15. Dust payments or very small digital currency payments are not recommended to be received on your hardware Ledger wallet. Always set the payment threshold to about 0.05 BTC to avoid computational issues and so that the chip does not get too hot.

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  1. Pingback: Why we choose Ledger Wallet? – Btc News Magazine

  2. Pingback: Why we choose Ledger Wallet? – The Coinage Times

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#Tron Price Analysis

What is TRON? Is TRON a good investment for 2018?

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Tron is one such cryptocurrency which aims to create a decentralized entertainment content sharing system and seems to have an amazing future.

Understanding the fundamental principles of the TRON project.

Introduction

The Blockchain’s Distributed Ledger Technology is one of the most secure forms of storing the information but as it is shared among each and every node of the network, privacy is somewhere being compromised, although transparency is maintained. However, apart from the currency point of view, there are a number of other applications in the real world where problems are yet to find solutions.

Any venture is undertaken, which was disliked by the government, was forced to shut down its operations through the centralized governing authority of the Government, but the decentralized concept of the cryptocurrencies has open the new oceans of opportunities, which is in some of the other ways, free from government censorship. Decentralization is a powerful tool which is absolutely independent of government control. Many cryptocurrency coins are used among the network for the transfer of value within it, along with the main intention behind the project being uncontrollable by the government.

TRON

Tron is one such cryptocurrency which aims to create a decentralized entertainment content sharing system along with being the future of decentralized social media. The users of the network need to constantly share their content with the other members of the network for which, based on a number of factors, the cryptocurrency will be rewarded in the form of an appreciation.

It’s truly a perfect cryptocurrency destination for all the social media, gambling and entertainment Geeks. Let’s try to gain some insights about the project.

 

  • Currently, as the whole internet revolves around some of the big companies like Google, Amazon, Facebook, Instagram, etc they have complete authority over us, about our identity. Their applications are also designed in an addictive fashion so as to extract the maximum activity through them from us. It is estimated that Google, one of the most powerful search engine, knows about your preferences more than anyone else. Hence sharing your personal ideas and beliefs which such centralized organizations don’t seem to be reliable. Thereby a decentralized system is required, when no one can keep an eye on our personality.

 

  • In the centralized form of an entertainment system, it is worth noting down that they have the complete authority of taking down any particular information or manipulate them according to their requirements. In a decentralized system, there is no concept of censorship and higher transparency is also obtained.

 

  • The users would be paid by the network directly for their contribution for the content to the network without the intervention of any third party in the form of the native cryptocurrency.

 

  • The cryptocurrency organization strictly complies by all the rules and regulations of the governing authority.

 

  • Justin Sun is the founder of the TRON project. He has been able to achieve this fiat, at an early age of 27. He is also well known to have been founded the Peiwo app, which can be considered similar to Snapchat in the audio version, where users record that 10 seconds audio clipping and others listen to it. This app even became the first one to collaborate with TRON.

 

  • Jack Ma, the founder of Alibaba Group, is estimated to be very near and dear to Justin Sun. He was exclusively selected by Jack ma to study at the Jack ma Hupun University. Some of the key developers from the Alibaba group are migrating to the TRON Foundation.

 

  • In other words, Jack Ma can be considered as a mentor for Justin Sun. While Jack ma, himself is backed by prominent figures like Feng Li and Tim berners-lee.

 

  • A top class security is provided by the TRON network as it is supervised by Jorge Guo, a well-known entity who has been endorsed to maintain Security at massive organizations like Google, Huawei, Qualcomm, etc. But in order to be on a safer side one is suggested to hold their cryptocurrency coins in their personal wallet itself.

 

Is it good an investment option?

With collaborations with key figures like Jack ma and most skilled developers from all around the world on the project, TRON seems to have an amazing future, as it is still in its natal stage. But speculations are haunting the project as Justin Sun is considered to be too young to handle a project at such scale. The fundamental concept seems to be promising enough for the project’s development in future and hence can be opted as a viable investment option.  

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#Exchange

What is NEO? Is it a good investment? How is it different from Ethereum?

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NEO can be considered as the Chinese version of Ethereum, It has a lot of similarities with Ethereum but not exactly the same as Ethereum. NEO vs Ethereum.

Attributes which render NEO, to become a potential competitor to Ethereum.

Introduction

Ethereum is one of the most famous cryptocurrency after Bitcoin. Ranking second, according to Coinmarketcap, the crypto protocol provides a standard template in order to facilitate anyone to create decentralized applications in their own customized manner. In those decentralized applications, the virtual commodities which are traded are confirmed on the Ethereum network. Scalability has always been an issue with respect to the Ethereum network due to an adamant usage of these decentralized applications. Crypto kitties were the most trending decentralized app, which had even once caused a clog in the Ethereum network. Let us see both while comparing Neo vs Ethereum.

 

NEO

NEO can be considered as the Chinese version of Ethereum. It is evident, in this world, that the people of China can be considered a bit arrogant in nature or patriotic towards their country, as they restrict themselves from using the Western products and services. They are known to have their own version of Facebook, WhatsApp, Amazon, also one of the most famous cryptocurrency platform, Ethereum which they use extensively. The cryptocurrency network is nothing but a distributed network for the improvement of the smart economy.

Further insights into NEO

NEO protocol basically comprises two kinds of coins, one is the native coin, NEO and the other one being, NeoGas. The concept here is very similar to that of Ethereum. NEO is used for all the transactions which take place under the NEO Network, and the NeoGas is used to used as a fuel for the transactions. All the native tokens were pre-mined and hence no mining process is available but this is not the case for NeoGas, as it is used to reward the nodes of the network to incentivize them, to help in maintenance and verification of the blocks.

 

The practical use case seems to be very simple. If two users need to undergo an agreement and have a transaction, then they can opt for the NEO smart contract where their assets are first converted into the digital cryptocurrency Neo. Followed by which, according to the rules and regulations, predefined on a smart contract the transaction is undertaken.

NEO vs Ethereum

The cryptocurrency has a lot of similarities with Ethereum. Although it is not exactly the same as Ethereum. Let us see Neo vs Ethereum Analysis.

In the Ethereum Network, an exclusive programming language is incorporated in order to develop the smart contracts, but in case of NEO, smart contracts can effectively be developed by using some of the already existing and popular programming languages like as C# and Java. Also in Neo vs Ethereum, Further developments are being done with respect to the NEO Blockchain, where the creation of smart contracts is to be made available in Python as well as Go too. This feature can be acclaimed as a reason for an advantage of NEO over Ethereum.

Another key difference in Neo vs Ethereum is that can be marked between the two prominent Blockchain’s is that NEO envisages Digital Identity concept whereas Ethereum doesn’t. This feature is highly appreciated in the international market as one needs to trust the other person and somewhat transparency is obtained through this paradigm.

Is NEO worth investing in?

As the token’s total supply is fixed at 100 million, the value of the coin, over time, is bound to experience a bullish trend. The process of the release of the cryptocurrency coin is vested with a Smart Contract, where only 15 million coins are released every year. Half of the total supply was already released earlier itself. This consistent release of coins is what offers stability to it. The platform even provides high scalability and controls the latency with 10,000 transactions per second. Being developed in China the cryptocurrency coin is somehow restricted, for its unconditional adoption by the Asian countries, as China is not a Crypto friendly nation. This could mark a potential risk to the coin.

 

Conclusion

Although NEO is regarded as the ‘Ethereum of the East,’ restrictions on the cryptocurrencies in the Asian countries can resist the growth of the network. Otherwise, it possesses the potential to leave Ethereum behind. As the cryptocurrency market is highly volatile an extensive background homework is mandatory, before an understanding any investment in the crypto field. One must bet only the amount of funds, that he/she is OK to lose.

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Altcoins

Top ERC20 Tokens. The list of Top 100 ERC Tokens.

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ERC20 Tokens are based on the ethereum platform and most of the ICO tokens are erc20. Here is top ERC20 Tokens list based on their structural use case.

Some of the most valuable ERC20 tokens.

Below is Top 100 ERC20 Tokens list based on their structural use case.

BNB

The native token of the cryptocurrency exchange, Binance. Number 1 on the top erc20 tokens list.

 

OMG

Omisego is an open payment platform. Number 2 on the top erc20 tokens list.

 

VEN

veChain is a platform focusing on various fields. Number 3 on the top erc20 tokens list.

 

ZRX

A Token of 0x protocol, for the decentralised exchanges. Number 4 on the top erc20 tokens list.

 

ZIL

Zilliqa is deemed to be the next gen blockchain platform. Number 5 on the top erc20 tokens list.

 

AE

Aeternity Blockchain offers a lightning fast smart contracts. Number 6 on the top erc20 tokens list.

 

MKR

Maker platform makes some of the most stable coins. Number 7 on the top erc20 tokens list.

 

BTM

Bytom is a Blockchain platform for financial and digital asset institutions. Number 8 on the top erc20 tokens list.

 

BDT

It is the native token of one of the most prominent decentralized crypto exchange, Blockonix. Number 9 on the top erc20 tokens list.

 

BAT

The Basic attention token is a decentralized ad Exchange platform. Number 10 on the top erc20 tokens list.

 

REP

Augur is a decentralized prediction market protocol.

 

GNT

Golem is the first global market for computer power.

 

NPXS

Pundi X is a Blockchain service for developers and Investors.

 

WTC

Waltonchain Blockchain collaborates with IOT for better supply chain management.

 

KCS

The token is nothing but the exchange KuCoin’s shares.

 

RHOC

Rchain is a Turing complete and byzantine fault tolerant Blockchain.

 

SNT

Status token aims to build iOS and Android interface to access Ethereum.

 

PPT

Populous is an intelligence and invoice discounting platform.

 

XIN

Mixin is a mobile Blockchain connecting various Blockchains.

 

MITH

Mithril is a Decentralized platform for social network.

 

IOST

IOST provides a decentralized platform for Internet of service.

 

DGD

DigixDAO is a Decentralized Autonomous Organisation.

 

AION

AION is a multi tier system for solving scalability and interoperability.

 

ELF

Aelf is a customizable system for Blockchain.

 

LRC

Loopring is a brand new crypto trading standard where the users have complete control over their assets.

 

FUN

Funfair is aimed to improve casino gambling using Blockchain Technology.

 

KYB

Kyber network aims for an easy transfer between different platforms.

 

POWR

Power Ledger aims for a sustainable development through solar energy and Blockchain Technology.

 

LOOM

Loom network allows for a platform to run decentralized apps.

 

KIN

Kin provides a Blockchain platform for chat apps and social media.

 

WAX

Worldwide Asset eXchange allows virtual Marketplaces to run on them.

 

DCN

Dentacoin aims to imotice the dental Industry through Blockchain.

 

PAY

TenX is built on Comit network for frictionless transactions throughout the world.

 

MANA

A decentralized platform for the virtual reality.

 

MCO

Monaco is a Visa Debit card funded by cryptocurrencies used for daily transactions.

 

BNT

Bancor protocol is a standard  used for the future smart tokens.

 

POLY

Polymath network connects the developers, KYC providers, legal experts, etc.

 

CMT

Cybermiles is a smart contract template for e-commerce companies.

 

DROP

Dropil is an intuitive platform for the exposure of cryptocurrency domain to the newbies.

 

QASH

It is deemed to act like a fuel to the LIQUID platform.

 

ENG

Enigma is a platform for running end to end decentralized apps.

 

PAYX

Paypex aims to improve payment systems by using the Ethereum network.

 

ETHOS

Ethos provides for a portfolio manager along with universal crypto wallet.

 

NULS

Nuls is open source and aims to provide developmental tools to its members.

 

VERI

Veritaseum drives a peer to peer marketplace which is software driven.

 

SUB

Substratum is a network allowing for content sharing through internet without VPN.

 

GTO

Gifto is an amazing decentralized platform for gifting content creators.

 

THETA

An open source project to improve the decentralized streaming network.

 

CTCX

Cortex provides for a suite of state of the art machine learning models.

 

DRGN

Dragonchain is a Blockchain platform by Disney.

 

SALT

Salt is a Blockchain backed loan lending system.

 

STORM

The Storm network aims to improve the lives of workers around the globe.

 

LINK

Chainlink is used for helping the smart contracts access resources.  

 

HPB

High Performance Blockchain provides for an accelerated Blockchain performance.

 

TUSD

TrueUSD is a USD backed stable coin.

 

GTC

Gamecoin is used to tease digital assets of a game through this network.

 

NOAH

Noahcoin supports economic development through Blockchain.

 

BIX

Bibox is an encrypted exchange with powers of AI.

 

CENNZ

Centrality helps startups with their decentralized apps.

 

FSN

Fusion provides architecture and infrastructure to the financial institutions.

 

DDD

Scry.info arranges the upstream, midstream, and downstream datas.

 

SAN

Santiment Network Token believes that Tokens have three dimensions.

 

CVT

Cybervein is a decentralized platform for data management.

 

CVC

Civic platforms helps in the protection of identity.

 

MAN

Matrix AI Network is also regarded as the intelligent Blockchain.

 

STORJ

Storj provides decentralized cloud storage solutions.

 

ICN

Iconomi is an asset management platform for digital assets.

 

ODE

Odem is one of the first Decentralised education Blockchain platform.

 

RLC

iExecRLC aims at decentralisation of the cloud service through Ethereum environment.

 

HOT

The Holo community aims to build a decentralized cloud system.

 

BLZ

Bluzelle provides for a Decentralised and shared storage environment.

 

NCASH

Nucleus Vision transforms offline retail through IoT and Blockchain.

 

AGI

SingularityNET is a Decentralised platform for AI algorithms.

 

GNO

Gnosis supports an amazing forecasting tech which is market dependent.

 

MDS

Medishares is the first mutual insurance marketplace which is globalised in nature.

 

REQ

The Request network allows for customers to initiate a payment request globally.

 

R

Revain is a pioneer in the unbiased Blockchain review platform.

 

TNB

The Time New Bank provides a time value transition network.

 

DAI

Dai is a stable coin based on decentralisation.

 

SMT

Smartmesh is the fuel behind a distributed application platform, Spectrum

 

BFT

BnkToTheFuture is specialised in providing alternative financial product.

 

TTU

Ta Ta Tu is a Blockchain based social media platform.

 

CND

Cindicator is a market analysis platform based on Blockchain and hybrid intelligence.  

 

QSP

Quantstamp aims for mainstream Blockchain adoption through the increased smart contract security.

 

NEXO

Nexo is a pioneer in the loans backed by crypto.

 

ENJ

Enjin Coin is a cryptocurrency for the virtual community.

 

ANT

Aragon is a decentralised application employed to create Decentralised organisations.

 

DATA

Streamr DATAcoin is a censorship free currency restricted within a Blockchain.

 

RUFF

Ruffchain is a Decentralised open chain platform for improvement of IoT.

 

AMB

Ambrosus is supply chain based on the Blockchain network.

 

SNM

SONM is an universal supercomputer and SNM is an internal token.

 

KICK

KickCoin provides a payment system which uses KICK Tokens.

 

BTO

Bottos is a public chain with integration with AI along with data and model markets.

 

C20

CRYPTO20 is the first tokenised index based on the cryptocurrencies around the world.

 

POE

Po.et is a shared ledger for tracking the ownership of creative digital assets.

 

MTC

Docademic is the Blockchain initiative for improvement of the healthcare Services throughout the world.

 

GNX

Genaro Network is the world’s first decentralised storage network.

 

RDN

Raiden network provides an of chain scaling Solution for increased scalability and faster transactions.

 

DTR

Dynamic Trading Rights was introduced to bring in a trustless and transparent trading if the ERC20 Tokens.

 

ABT

The Arcblock Blockchain provides for a secure and fast payment system.

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