Without a doubt, AI can revolutionize the crypto trading landscape as it can easily access and analyze market data. In particular, the use of AI systems in crypto trading is growing rapidly.

Artificial Intelligence commonly known as AI is among the technologies that have taken the world by storm in recent years. Although it started making waves and garnering huge adoption in the 2020s, the history of AI can be traced back to 1956 when it was founded as an academic discipline.

The main idea behind AI is to alter or improve the way work is being performed or how services are rendered. In other words, AI — which represents intelligence demonstrated by machines — seeks to help both individuals and companies manage time adequately and increase productivity by ensuring that work is executed at the fastest possible time, effectively and efficiently.

Virtually all spheres of life have been invaded by AI and the blockchain and crypto industry is no exception. The growing intersection of AI and blockchain is expected to cause a paradigm shift in the crypto industry with supercharged blockchain networks, elevated smart contract execution, and the creation of more fluid and responsive smart contracts among the top benefits.

Beyond these, the impact of AI can be seen in the aspect of crypto trading. But how and what are the implications?

AI and Crypto Trading

The buying and selling of crypto assets such as Bitcoin (BTC) and Ether (ETH) to make profits has become very popular in the present times. Investors often rely on public sentiment, personal research, biases and analysis to enter and exit the crypto market.

All of these manual approaches which encompass gathering, cleaning, processing and analyzing large volumes of unstructured data are not completely efficient when it comes to discovering profitable investment opportunities and accurate buy or sell signals. This is where AI is expected to flourish.

Notably, AI has made incredible strides in natural language processing (NLP), machine learning (ML) and data analysis. Accordingly, it is believed that these intelligent-based systems can help crypto traders make informed and more profitable investment decisions considering that AI cannot be biased or emotional like humans.

In addition, the use of AI can make trading more accessible to a wider range of people by providing tools that are easy to use and understand.

Let's consider some ways AI can change the crypto trading landscape.

Improved and faster decision-making

Speed is among the top benefits of using AI for crypto trading given that successful trading is highly time-sensitive. Notably, AI software can scrape the internet in search of information at a very fast rate.

Beyond that, it can process data and make decisions at a speed that is impossible for humans to contest. Leveraging this AI's ability, crypto traders can react quickly to market changes and capitalize on opportunities that would otherwise be missed.

More so, AI algorithms can help investors make more accurate predictions of market trends and better investment decisions as they can always analyze vast amounts of data, identifying patterns and trends that are not readily noticeable to humans.

This doesn't mean trading would become a walk in the park with the help of AI. Making effective investment decisions today still requires extensive knowledge, expertise, and a human touch. As a result, combining AI with other reliable research tools would be the ideal approach.

Improved market analysis

Successful traders would always say that profitable trades come from verified historical patterns. This is why an adequate and accurate market analysis is crucial for profitability in crypto trading.

Crypto traders can always make mistakes in their market analysis given that they can only process limited data at a time coupled with their personal biases.

But AI's machine-learning capabilities allow its systems to collect and accurately analyze market data without any bias or emotional interference. Also, these intelligent-based systems can alter their analysis sharply when exposed to fresh data. Unlike humans, AI can easily identify and interpret complicated chart patterns. 

In what is called sentiment analysis, AI algorithms can equally analyze news, social media platforms and other sources to decode the market sentiment, helping traders to navigate the murky waters of the crypto market.

Nonetheless, AI and machine learning models are not infallible and can be subject to incorrect assumptions. The unpredictable and highly volatile nature of the crypto market can also make it difficult for AI models to accurately predict future trends. Therefore, traders need to use AI as a tool to complement their own analysis and decision-making process, rather than relying solely on AI-based trading systems.

Risk and Portfolio Management

With AI, crypto traders can mitigate their risk exposure, helping them to avoid losses and make more informed investment decisions. This is so because AI systems can identify potential threats, such as they can warn traders in advance.

Portfolio management has been another huge concern for crypto investors. AI can be useful in taking these burdens away as the technology can be used to automate functions related to management, freeing up traders' time to focus on other tasks.

Conclusion

Overall, it is essential to note that AI is not a magic solution, as its implementation regarding crypto trading requires careful planning and monitoring. While many developments such as AI are being onboarded to enhance the experience for market participants, it is important to embrace them with caution as they come with many associated risks.

With the crypto market bracing itself for a bull run, the role of various crypto fundraising mechanisms becomes important. Particularly, the Initial Coin Offering (ICO) mechanism has generated public interest over the years, as it helped startups raise over US$7billion in 2017, which doubled in the next year. Although we have witnessed the rise of other fundraising mechanisms, ICO campaigns still garner success, making them the go-to option for most entrepreneurs. Here, we will see how ICO marketing services can be effective from an entrepreneurial point of view by addressing the pain points and the possible solutions.

Pain Points an Entrepreneur Faces During ICO Marketing

As an entrepreneur with a novel Web3 startup venture that needs funding to grow further, we can realize the road to the peak isn’t a bed of roses. There are numerous pain points entrepreneurs could face when it comes to handling ICO marketing campaigns, which are explained in the below points:

• Limited Resources – Startups typically have limited resources to work with in terms of monetary and workforce. This makes it tough for them to frame and perform a full-sized ICO marketing campaign.
• Lack of Brand Recognition – Due to their limited presence, most startups struggle to earn brand recognition in quick time. This makes their “whatever” ICO promotions go in haste.
• Regulatory Compliance – With a rapidly changing regulatory landscape, most startups don’t have the necessary expertise in handling crunch situations. Failing to comply with relevant regulations can result in legal action of various degrees that could destroy the venture’s reputation.
• Crowded Market – Today’s crypto market is full of entrepreneurs trying to reach the budding community with their novel (sometimes not-so-novel) ventures, increasing competition. Newer ventures might find it difficult to gain reach for themselves to achieve their goals.
• Limited Access to Resources – Adding to the limited resources they have, most newbie ventures find it hard to access external resources and expertise in various departments compared to bigger companies and corporations.

So, what could such entrepreneurs even do??? The below quote from the founder of the famous automobile company Ford gives a lead to the solutions we’re about to present.

"Whether you think you can, or you think you can’t—you’re right." - Henry Ford

(Source: https://www.partycentersoftware.com/blog/small-business-struggles)

The Solution: ICO Marketing Services!

To combat such concerns, providers of ICO marketing services come into play with their domain expertise and experience. There are numerous agencies offering these services, with many of them achieving top ratings from clients. These companies typically have experts excelling in different marketing strategies to provide the best promotions for clients.

But how do they achieve the almost inevitable success that evades most Web3 startups? They utilize comprehensive ICO marketing campaigns consisting of a mix of strategies that contain the phases of ideation, execution, and analysis. The following section speaks about methods used widely by a reputed ICO marketing agency.

Vital ICO Marketing Strategies in 2023

• Whitepaper Creation – Any ICO marketing campaign should include the project’s whitepaper as part of promotions. This is because a great and easy-to-read whitepaper can create buzz around the project’s ICO, leading to success.
• Website Development – For any ICO project, having a great-looking website is essential. It should detail the project’s provisions, team details, and ICO announcements, alongside links to social media handles, the whitepaper, and community groups.
• Social Media Marketing – With social media platforms becoming the primary communication channels for most people in recent years, an ICO project should be able to tap into them. Platforms like Facebook, Twitter, Reddit, Instagram, and LinkedIn can be utilized to attract different sets of audiences.
• Community Building – Once the project generates a sizable interest and following, the campaign can be directed toward building a trusted community of potential investors. Platforms like Discord and Telegram can be used to create the project’s community.
• Email Promotions – For an ICO to be successful, it is essential that the project focuses on becoming a memory in people’s minds. Email campaigns make it possible for frequent, relevant communication to potential investors using content based on Call-To-Action (CTA) and Call-To-Benefits (CTB).
• Public Relations (PR) – With fundraising being the ultimate goal, ICO projects should focus on getting as much exposure as possible, and public relations can come to the rescue. Processes such as publishing press releases, conducting media meets, and participating in podcasts can bring in more non-crypto natives into the ICO project.

Top ICO Marketing Services Providers (Updated till April 2023)

The list below gives the leading companies providing ICO marketing services in April 2023:

1. Blockchain App Factory
2. NinjaPromo
3. TechnoLoader
4. SAG IPL
5. CES
6. TokenMinds
7. Osiz Technologies
8. Mobiloitte

Note that each ICO marketing agency has different strengths and skill sets, and ensure to work with one that fits your business requirements. Also, keep in mind that the cost of ICO marketing will depend on your startup’s nature and target markets.

Finalizing Thoughts

Hence, we have seen how professional ICO marketing services can help address the concerns crypto startups face. Through using numerous strategies well-knit into a compact marketing campaign, these agencies bail startups out of the initial stage to accelerate success in the competitive market. If you are someone on similar grounds wanting to utilize the ICO model to build your venture, working with one of the marketing agencies from the above list can be immensely helpful.

I Wish You the Best for Your Future Web3 Business, Beginning with an ICO!

Introduction to Cryptocurrency

Cryptocurrency has become a buzzword in the world of finance and investment, and for good reason. In today's digital age, digital assets have taken the world by storm and are rapidly changing the way we perceive and handle money. If you're looking to diversify your investment portfolio, buying crypto in Canada could be an excellent option. Cryptocurrency is decentralized, which means it's not controlled by any government or financial institution, making it a unique investment opportunity. Moreover, buying crypto in Canada is easier than ever before, with many exchanges and platforms available that allow you to purchase digital assets with ease. By investing in cryptocurrency, you can enjoy the benefits of high liquidity, low transaction fees, and potential high returns. However, investing in cryptocurrency carries risks, and it's essential to do your research before making any financial commitments. Overall, buying crypto in Canada can be a smart investment decision for those looking to diversify and stay ahead of the curve in the ever-changing financial landscape.Follow along in this article as we explore the top 5 reasons to invest in cryptocurrency!

Reason 1: Potential for high returns

One of the most significant reasons to invest in cryptocurrency is the potential for high returns. While investing in cryptocurrency can be risky, it can also be incredibly lucrative. For example, in 2017, the price of Bitcoin rose from around $1,000 to almost $20,000, resulting in massive profits for those who invested early. While there is no guarantee that the price of cryptocurrency will continue to rise, many experts believe that it is a sound investment with significant growth potential. As more people become aware of and invest in cryptocurrency, its value is likely to increase.

Reason 2: Decentralized nature of cryptocurrencies

Another reason to invest in cryptocurrency is its decentralized nature. Unlike traditional currencies, which are controlled by central banks and governments, cryptocurrency is decentralized, meaning that it is not controlled by any one entity. This means that it is less susceptible to government interference and manipulation, making it a more secure investment option. Decentralization also means that transactions can take place more quickly and efficiently, without the need for intermediaries such as banks. This makes buying cryptocurrency in Canada an attractive option for those looking for fast, secure, and low-cost transactions.

Reason 3: Protection against inflation

Inflation is a significant concern for many investors, as it can erode the value of traditional currencies over time. Cryptocurrency, however, is designed to be inflation-proof. Unlike traditional currencies, which can be printed at will by central banks, most cryptocurrencies have a limited supply, which means that their value is less likely to be affected by inflation. This makes cryptocurrency an attractive option for those looking for a more stable investment option that is less susceptible to the effects of inflation.

Reason 4: Easy accessibility and convenience

Investing in cryptocurrency is also incredibly accessible and convenient. Unlike traditional investment options, which may require significant amounts of capital and specialized knowledge, anyone can invest in cryptocurrency with a few clicks of a button. Additionally, there are numerous cryptocurrency exchanges and wallets available, making it easy for anyone to buy, sell, and store cryptocurrency. This accessibility and convenience make cryptocurrency an attractive option for those looking to diversify their portfolio without the need for significant investments or specialized knowledge.

Reason 5: Growing acceptance and adoption

Finally, cryptocurrency is becoming increasingly accepted and adopted around the world. Many businesses, both online and offline, now accept cryptocurrencies as a form of payment, and many governments are exploring the use of blockchain technology, which underpins most cryptocurrencies. As this new payment option becomes more widely accepted and adopted, its value is likely to increase, making it an attractive investment option for those looking to capitalize on this growing trend.

Conclusion

In conclusion, there are many compelling reasons to invest in cryptocurrency. From the potential for high returns to its decentralized nature, protection against inflation, and easy accessibility and convenience, purchasing cryptocurrency is an attractive option for those looking to diversify their portfolio. While investing in cryptocurrency can be risky, it is important to do your research and invest responsibly. With the right approach, buying cryptocurrency can be a sound investment strategy that can provide significant returns over time. So, if you're looking to buy crypto in Canada, consider these numerous benefits and explore the various options available to you. Who knows, you may just find your next big investment opportunity!

Anyone who knows about Cryptology can understand what has gone over Bitcoin in 2022. After a long pandemic, the crypto industry was growing rapidly, and then the crash happened. Within just nine months, Bitcoin plunges 64%. But in recent times, Bitcoin has started to develop its empire more strongly, and investors are still wondering if Bitcoin can regain its kingdom.

As the world rang in the New Year, Bitcoin was already gearing up for a bullish start to 2023. With its value soaring and its popularity skyrocketing, the world is buzzing again with excitement over the elusive cryptocurrency. It is a new start for Bitcoin to roar to life like a mythical creature awoken from its slumber.

In this blog post, we will look into the top 5 reasons why Bitcoin rallied to kickstart 2023. Because the rise of this crypto will decide the fate of the crypto world in the future.

5 Reasons Why Bitcoin Rallied to Kickstart 2023

What caused the sudden fall of Bitcoin in 2022? There were multiple factors, like the fall of Luna currency and FTX, which was the largest crypto exchange. But Bitcoin is still the leading crypto in the world. Besides, there was a slight rise of Bitcoin on the crypto stock at the beginning of 2023. That motivates people to keep their trust in these digital currencies. But what caused this sudden surge? So, here are the top 5 reasons why Bitcoin rallied to kickstart 2023:

1. Institutional Adoption

Institutional adoption of Bitcoin has been a significant driver of the cryptocurrency's price. As more major companies and financial institutions have started recognizing Bitcoin as a legitimate asset class, demand for cryptocurrency has surged.

In October 2022, the Bank of New York Mellon became the first major US bank to offer Bitcoin exposure to its clients, and other banks have followed suit. In addition, major financial players such as Fidelity and BlackRock have also started exploring cryptocurrency opportunities.

This increasing institutional adoption of Bitcoin has significantly impacted the cryptocurrency's price. As large investors pour money into Bitcoin, demand for the cryptocurrency has increased, driving up its price. At the same time, this has helped to legitimize Bitcoin as an investment option.

2. Global Economic Uncertainty

Global economic uncertainty has also played a role in the recent surge in Bitcoin's price. As geopolitical tensions and economic instability have increased worldwide, investors have started to turn to alternative investments. In this case, Bitcoin is helping them to diversify their portfolios and protect their wealth.

The ongoing Russia-Ukraine war is just one example of the geopolitical risks that have led investors to view Bitcoin as a more reliable investment option. Inflation and rising prices of necessities have further fueled this trend as people search for ways to protect their wealth from the impact of these economic factors.

The COVID-19 pandemic has also significantly impacted the global economy, leading to market volatility and uncertainty. As a result, investors are turning to Bitcoin as a hedge against inflation and as a way to diversify their portfolios.

3. Regulatory Clarity

As the old saying goes, "clarity is power," and nowhere is that more true than in the world of Bitcoin. Regulatory clarity has emerged as a key driver of the cryptocurrency's recent surge in price, providing investors with the confidence and legitimacy they need to enter the market.

Recent regulatory developments in major countries such as the United States and Canada have positively impacted Bitcoin's price. The CFTC and SEC jointly try to regulate Bitcoin for tax purposes in the US. While in Canada, every cryptocurrency exchange must register and become a member of IIROC.

These developments have reduced uncertainty in the market and increased investor confidence. As a result, demand for Bitcoin is positioning itself as a valuable asset in today's economic landscape.

4. Halving of Bitcoin Supply

Bitcoin's halving process is a key factor in the cryptocurrency's price and market dynamics. Every four years, the number of Bitcoins that can be mined is cut in half, which reduces the rate at which new Bitcoins enter the market.

The significance of this process lies in the fact that Bitcoin has a fixed supply cap of 21 million coins. That means the new Bitcoin creation becomes rate slow, and the cryptocurrency becomes more scarce and valuable.

The most recent halving occurred in May 2020, which reduced the number of new Bitcoins entering the market from 12.5 to 6.25 per block. This reduction in supply has significantly impacted Bitcoin's price, as investors anticipate increased demand and scarcity.

5. Increased Retail Demand

In recent months, several positive developments in the cryptocurrency industry have influenced market sentiment toward Bitcoin. For example, major companies like Google and Mastercard have announced plans to accept Bitcoin as a form of payment, which has increased its mainstream appeal and legitimacy as a currency.

In addition, there have been significant advancements in decentralized finance (DeFi). That has further fueled investor interest in Bitcoin and other cryptocurrencies. DeFi platforms offer various financial services, such as lending and borrowing. They are accessible to anyone with an internet connection, which has the potential to disrupt traditional financial systems.

This positive news and increased attention from major companies and investors have increased retail demand for Bitcoin. 

Final Talks

Above mentioned are the top 5 reasons why Bitcoin rallied to kickstart 2023. However, investors should be cautious due to the highly volatile and unpredictable nature of the cryptocurrency market. Despite this, Bitcoin's growing interest and potential as an emerging asset class make it an asset worth watching for investors of all levels of experience. Keeping an eye on the factors driving Bitcoin's growth can provide valuable insights into the future of the cryptocurrency market.

However, as we enter the era of Web3, it's becoming increasingly clear that our current media landscape is broken. In this blog post, we'll explore why Web3 media is broken and how tokenized media can pave the way for a fairer and more decentralized future.

The Broken State of Web2 Media

Web2 media refers to the current state of our digital media landscape. While it has brought about many positive changes, such as increased access to information and diverse perspectives, it's also riddled with issues.

Here are three reasons why the current state of the internet is considered broken:

1.    Centralization of Power

The Web2 media system is dominated by a few large corporations, such as Facebook, Google, and Twitter. These companies control the flow of information and monetize user data for their own profit, creating a centralized power structure that limits competition and innovation.

2.    Clickbait Culture

To generate revenue through advertising, Web2 media platforms rely on clicks and pageviews. This has led to a culture of sensationalism and clickbait headlines that prioritize engagement over the accuracy or the quality of the content.

3.    Lack of User Control

Users have limited control over their data on Web2 media platforms, which can be sold or used without their consent. Additionally, algorithms determine what content users see based on their past behavior, creating filter bubbles that limit exposure to diverse perspectives.

How Web3 Can Fix It

Web3 technologies offer a solution to many of these problems by providing a more decentralized and transparent system for content creation and distribution. When we talk about Web3 space, we’re not just referring to cryptocurrency, but blockchain technology in general.  Blockchain technology allows for trustless transactions between parties without relying on intermediaries like banks or social media platforms.

Tokenized media takes this one step further by allowing creators to monetize their content directly through tokens or NFTs (non-fungible tokens). This means that creators can be compensated fairly for their work without having to rely on ad revenue or sponsorships from big corporations.

Furthermore, tokenized media allows for greater community involvement in content creation and curation. Instead of relying on algorithms to determine what content gets seen, users can vote on which pieces they find most valuable or interesting.

Advantages of Tokenized Media

Tokenized media is a new and innovative way of creating, distributing, and consuming content. It has several advantages over traditional media, including:

1.    Increased Transparency

Tokenization allows for greater transparency in the distribution of revenue between creators and consumers. This means that creators can be fairly compensated for their work, and consumers can be sure that their contributions are going directly to support the content they enjoy.

2.    Greater Control

Tokenization gives creators more control over their content and how it is distributed. They can set their own terms for usage rights, licensing fees, and other aspects of distribution.

3.    Improved Engagement

Tokenized media creates a more engaged community around content by allowing consumers to become stakeholders in the success of a particular piece of content or creator.

4.    Reduced Middlemen

Tokenization reduces the need for intermediaries such as publishers or distributors, which can result in lower costs for both creators and consumers.

5.    New Revenue Streams

Tokenization opens up new revenue streams for creators through things like microtransactions, royalties, and secondary markets for tokens.

Conclusion

Web3 offers an exciting opportunity for the future of media by providing a more transparent, decentralized, and fairer system for content creation and distribution. Tokenized media allows creators to be compensated fairly while also giving users greater control over what content they see. While there are still challenges ahead in terms of adoption and regulation, it's clear that Web3 is poised to revolutionize the way we consume and create content online.

Introduction

Voting fraud has been a long-standing issue in elections around the world. From stuffing ballot boxes to manipulating voter rolls, the problem of election fraud threatens the integrity of democratic processes and undermines the trust of citizens in their government. 

However, a new technology is emerging that has the potential to revolutionize the way we vote and ensure the security and transparency of elections: blockchain.

How blockchain works

Blockchain is a distributed ledger technology that allows multiple parties to record transactions on a single, secure, and tamper-proof database. The technology is most commonly associated with cryptocurrencies, such as Bitcoin, but its potential applications are far-reaching and include everything from supply chain management to voting systems.

At its core, a blockchain is a chain of blocks, where each block contains a list of transactions. These transactions are grouped together and added to the chain in a linear, chronological order. Once a block is added to the chain, the transactions it contains cannot be altered or deleted.

Blockchains use a consensus mechanism to ensure the integrity of the ledger. In a consensus mechanism, a group of nodes, called "validators" or "miners," work together to validate and add new transactions to the blockchain. 

The most common consensus mechanism is called "proof of work" where validators compete to solve a complex mathematical problem in order to add a new block to the chain. The first validator to solve the problem is rewarded with a small amount of cryptocurrency, such as Bitcoin.

Once a new block is added to the chain, it is broadcasted to all the nodes in the network. Each node then updates its copy of the blockchain, ensuring that all copies of the blockchain are identical. 

Because all copies of the blockchain are identical, it is almost impossible for anyone to manipulate the ledger without being detected. And due to the fact that blockchain is decentralized, there is no single point of failure that could be exploited by bad actors.

It’s also imperative to add that blockchains are transparent, meaning that all transactions are recorded on a public ledger that can be viewed by anyone. This makes it easy for anyone to verify the accuracy of the vote count. Considering all transactions are recorded on the blockchain, it is almost impossible for anyone to manipulate the vote count without being detected.

Blockchain in elections

1) Transparency

In a blockchain-based voting system, all transactions (i.e., votes) are recorded on a public ledger that can be viewed by anyone. This means that it would be almost impossible for anyone to manipulate the vote count without being detected. A more efficient vote counting process comes about, because anyone can access the votes and check for any errors or inconsistencies. 

This feature also allows for a more efficient vote recount process, as the votes are recorded on the blockchain and can be easily accessed.

Finally, transparency also helps to increase voter confidence in the election process. By providing transparency into the voting process, citizens can see that their votes are being counted accurately and that the election results are fair. This is crucial for maintaining trust in the election process and ensuring that the outcome is accepted by the majority of citizens.

2) Decentralized

In a centralized voting system, all the voting records are maintained by a central authority or intermediary, who has complete control over the voting process. This central authority or intermediary can easily manipulate the voting records, making it difficult to detect and prevent fraud. This system also leaves a single point of failure, which can be exploited by bad actors.

On the other hand, in a decentralized blockchain-based voting system, all transactions (i.e., votes) are recorded on a distributed ledger that is spread across many different nodes in the network. Each node has a copy of the blockchain, and all copies of the blockchain are identical. This means that it would be almost impossible for anyone to manipulate the vote count without being detected.

So, because blockchain is decentralized, there is no single point of failure that could be exploited by bad actors. 

2) Immutability

Immutability is a key feature of blockchain technology that ties into preventing voter fraud. Immutability refers to the ability of a blockchain to ensure that once a block is added to the chain, the transactions it contains cannot be altered or deleted.

In a traditional voting system, vote counting and record-keeping is done manually, and it leaves room for human error and manipulation. Once the votes are cast, the votes are recorded on paper or electronic devices, and the votes are then tallied. There is always a risk that the vote count can be manipulated, either by accident or intentionally, and the records can be changed or lost.

However, by using blockchain technology, the votes are recorded on a distributed ledger that is spread across many different nodes in the network. Once a vote is recorded on the blockchain, it cannot be altered or deleted.

Furthermore, the immutability of blockchain also ensures that the anonymity of the voter is protected. It ensures that the voter's identity is not revealed, as the only information that is recorded on the blockchain is the vote, and not the voter's identity. This is important for protecting voter anonymity and maintaining trust in the election process.

Challenges and limitations

While blockchain technology has the potential to revolutionize the way we vote and ensure the security and transparency of elections, there are also several challenges that must be addressed. 

1) Cost

One of the biggest challenges is cost. Setting up and maintaining a blockchain-based voting system can be expensive. This is because blockchain technology is still in its early stages of development and many of the solutions available today are not yet fully mature or cost-efficient. 

Additionally, there are also legal and regulatory challenges to overcome, particularly in terms of data privacy and security.

2) Scalability 

Another challenge is scalability. While blockchain technology is well-suited to handle a small number of transactions, it is not yet scalable enough to handle the high volume of transactions that would be required for a national election. 

This is because the current infrastructure of blockchain networks is not robust enough to handle the large number of transactions that would be needed in a national election. To add to that, there also exist some blockchain solutions that are facing issues with computational power and energy consumption.

3) Lack of understanding and adoption

Another limitation of blockchain technology is that it is not yet fully understood by the general public. This can make it difficult to educate citizens on how to use a blockchain-based voting system and increase the risk of user error. However, this can be solved by blockchain education.

Adding to that, voter anonymity is a key feature that should be preserved in any voting system, and it is still not clear how this can be achieved in a blockchain-based voting system.

4) Hacks and attacks 

In terms of security, blockchain is not immune to attacks, and there have been several reported cases of successful attacks on blockchain-based systems. Therefore, it is crucial to have a robust security infrastructure in place to protect against potential attacks and ensure the integrity of the voting process

Real-life uses of blockchain technology in elections

There are already several examples of blockchain being used in voting systems around the world. 

In West Virginia USA, for example, blockchain was used in the 2018 midterm elections to allow military personnel serving overseas to vote using their smartphones. The pilot program was considered a success, with 150 military personnel casting their votes via blockchain.

Another example is Moscow's city government, which used blockchain in 2019 to allow citizens to vote on proposed city budgets. The system was designed to increase transparency and public participation in the budget-making process. The results of the vote were recorded on a public blockchain, making it easy for anyone to verify the accuracy of the vote count.

The benefits of using blockchain for voting are many. For one, blockchain can increase security by making it almost impossible for bad actors to manipulate the vote count. Additionally, because all transactions are recorded on a public ledger, blockchain can increase transparency and accountability in the voting process. This can help to build trust in the electoral process and increase public participation.

Conclusion

Blockchain technology has the potential to revolutionize the way we vote and ensure the security and transparency of elections. 

From West Virginia to Moscow, we are already seeing examples of how blockchain is being used in voting systems around the world. However, there are also challenges and limitations to using blockchain for voting that must be addressed. 

As blockchain technology continues to evolve and more applications are developed, we can expect to see even more secure, transparent, and fair elections in the future.

About the Author:

Sinwan Zahid 

Content Lead at Metaschool - the best and most efficient web3 learning OS to elevate the future of the web. Linkedin Profile: https://www.linkedin.com/in/sinwan-zahid/ 

Setting up a Digital Wallet

Creating a digital wallet in which to keep your money is the first step in purchasing Tezos. There are many choices, including Ledger, Trezor, and Galleon. You may store, send, and receive Tezos using these wallets, which are safe and simple to use.

Finding an Exchange

The next step is to find an exchange that supports Tezos. Popular options include Binance, Coinbase Pro, and Kraken. Once you've found an exchange you like, you'll need to create an account and verify your identity. This process can take a few days, so be sure to plan accordingly.

Adding Funds

After your account is created, you must contribute money to it. This can be done by using a credit or debit card, a cryptocurrency like Bitcoin or Ethereum, or both. You can purchase Tezos with your money once it is in your account.

Checking the Market Price

It's crucial to consider the current market pricing when purchasing Tezos. It's crucial to buy Tezos at the correct time because its price can be highly erratic. To view the current price and follow price changes over time, visit a website like CryptoRunner.

Placing a Buy Order

You must submit a buy order on the exchange when you are ready to purchase. You can decide how much Tezos you want to purchase and how much you are ready to spend for it. Your Tezos will be added to your digital wallet once your order has been fulfilled.

Risks and Safety Measures

It's critical to keep in mind that investing in Tezos has a significant level of risk. Tezos' price has a tendency to fluctuate a lot, rising or falling sharply in a short amount of time. Doing your own research and only investing money you can afford to lose is crucial.

You should also be aware that Tezos is a decentralized platform, which implies that no institution or authority has control over it. This can be advantageous, but it also means that if something goes wrong, there is no one to turn to. Make sure your digital wallet is secure by taking all essential precautions.

Conclusion

In conclusion, purchasing Tezos is rather simple, but it's crucial to conduct your own research and be aware of the hazards. Establishing a digital wallet is the first step. Next, look for an exchange that accepts Tezos, confirm your identification, and deposit money. Finally, put a buy order and keep your Tezos in your digital wallet. It's vital to keep in mind that purchasing Tezos is a high-risk investment, so you should be informed of the risks and take all required safeguards.

Investing in ethereum is a good idea for anyone looking to get into the burgeoning cryptocurrency market. However, before jumping in, it's important to understand how the market works, and the risks involved. If you aren't sure how to invest in ethereum, consider speaking to a financial advisor. They may be able to help you figure out if the risk is worth the reward.

In short, ethereum is a decentralized network that powers several cryptocurrencies in the decentralised financial sector. It also has a smart contract technology that can protect users from the many crypto scams out there.

The smart contracts are designed to give users more control over their own digital assets. This will allow users to make secure transactions that are akin to traditional banking transactions. As such, ethereum has the potential to create a whole new era in computer programming. The network also allows users to create decentralized applications that are built using smart contracts.

The most important thing to keep in mind is that past performance is not a guarantee of future performance. It's also worth considering if you can afford to lose your money. You don't want to end up in a position where you have to make a trade that costs more than you can afford to lose.

As you might expect, ethereum is still in the doldrums compared to its all-time high of November 2021. This is due to persistently high inflation in the U.S., which is one of the key drivers behind ethereum's price drop. It has dropped around 47% over the last six months.

However, while it's been on a downward trend for several months, it still has the ability to prove profitable for some. The coin is trading at around $1,000 today. It's a good idea to keep in mind that investing in ethereum is still a risky proposition, as it is highly volatile. It's also important to remember that there's no magic pill to help you make money in the crypto market. There are a number of factors to consider, including your goals, risk tolerance, and how much you want to invest.

The smart contract is a small, but significant component of the Ethereum network. It's a technology that will make the future of digital ownership possible. Using a smart contract, users can create digital assets, such as jewelry, art, and cars, and store them safely. It's a technology that's being used in a variety of other industries, including real estate, gaming, and healthcare. The company plans to release the first version of its smart contract in December.

The aforementioned is only the tiniest of the plethora of factors that could affect ethereum's price. Increasing interest rates, as the Federal Reserve has done several times this year, would negatively impact the price. Lastly, there's the ongoing regulatory backdrop to consider. For example, ethereum has a regulated futures contract on the CME. This will help to keep prices in check.

Transparency

When an insurance company is closed up and secretive, it points to a possibility of fraud. It is likely not the case because the old-school way of running a business is to keep everything within that business. With Blockchain it presents a new way of conducting business, one that is completely and totally transparent.

If a manager high up in the company wants to audit the health insurance contracts offered, they can. Anyone that is on the same system can check whenever they need to. Or whenever they wish to for security protocols that are in place.

Security

With what was said above about full transparency, you may be worried about how secure the system is. The fact is that Blockchain is way more secure than any other system currently available. It is true that anyone on the system can access the information, but they are authorized to do so. If they choose to attempt some type of criminal activity, it will easily be tracked back to them.

Which is why it is safe from hackers as well. Obviously, if an experienced criminal wants to hack into the system, they may be able to find a way. That will not be enough for them, though, because if they attempt to change the information, the other people on the system will know about it.

Basically, the only way a hacker can gain access and use the information on the chain of blocks is to hack into every computer on the system.

Automation

AI systems are no longer a futuristic concept that is a long way from reality. It is being used by many companies worldwide, including the people within the health insurance industry. How it works is simple and nothing like the movies have portrayed it. The system will take your information, match it with the perfect insurance policy, and send you an offer.

If you choose to go ahead with the offer, you can use the smart contract option online. That means you can sign, pay, and download a copy of your policy within a matter of minutes rather than having to wait days or weeks for everything to get checked out and authorized.

The AI does the job that a team of agents would typically do, but quicker and more accurate. The future is truly here, and it is making the insurance industry much more efficient. If you are intrigued, go check out the platform at iSelect and check the health insurance offers you get and see how fast and simple the process can be.

Legality

You may or may not know that the health insurance industry is controlled by a set of regulations meant to protect the consumer from any fraudulent activities by the carrier. The rules can be complicated for even the trained person to follow. Blockchain completely changes the landscape of the legality of any insurance company that is on the system.

Every time a contract is made, offered, or billed, it goes into the Blockchain platform. The program that runs the system should be connected to the governmental agency that makes the rules and regulations, which means that nothing will be done online that is not legal. AI systems handle the delicate matters of law by following the rules as they are written.

Accountability

Not only will the health insurance company be held accountable for their actions, but every client will also be. You need to think about it this way. Every piece of information that is on the internet, which is a lot, can be used by the AI system to compile a folder about you. Hopefully, they will already have the information available, so it can all be accurate. However, the system will find it if it is on the internet and not protected.

This means that if you decide to make a few little white lies to improve your chances of getting a reasonable rate, you will more than likely be caught in that lie. When that happens, the AI system will either immediately deny your application or claim, or it will increase the cost of the policy that they hand down to you, depending on the adjustments for the exact details of your paperwork.

Final Thoughts

Blockchain and AI are a considerable part of the health insurance industry. If all goes well, it will soon allow all insurance carriers, hospitals, medical care providers, and consumers to connect. This will improve the experience of each customer and will offer fair prices for a suitable insurance policy.

Blockchain and AI are more than likely to blame if you have ever wondered how your doctor can send you reminders and allow you to check in online. It opens the word of health insurance to all types of new possibilities.

Since Blockchain and cryptocurrency technology broke records, the finest cloud mining platforms are topics of conversation everywhere. Hash providers provide contracts because they understand that many individuals need reliable passive income from Bitcoin and other digital assets. In this assessment, we examine the leading cryptocurrency exchanges that may serve both experienced and novice investors well in 2022.

Describe cloud mining.

Cloud mining is a simple technique that enables anyone who wants to earn Bitcoin and other money to do so. Investors are not required to buy, install, or maintain any specific hardware or software to begin generating BTC and other cryptocurrencies via the cloud. The plan is relatively straightforward. The user selects a platform, creates an account, deposits money, and purchases a specific hash contract. The process typically begins very immediately. Therefore, a new bitcoin investor need not wait long to see a profit. The day you buy a cloud hash contract is the day you will receive your first reward.

The top six cloud mining platforms for 2022

Search for the best, most reliable supplier to start earning Bitcoin over the cloud. The UK's top six cloud mining websites are shown below (according to our latest research).

1 - Bytebus

Bytebus.com - One of 2022's top cloud mining technologies

One of the first businesses to offer cloud mining services, Bytebus was established in 2018 and is trusted by more than 360,000 users globally. By logging in and joining Bytebus, you may quickly and conveniently engage in cloud mining.

Features:

• Register to receive $10 right away.
• Earn money without investing.
• Daily plans are available for purchase.
• For life, referrals to friends earn a 3% commission.
• There are no overhead or electricity fees.
• The professional staff offers round-the-clock customer support.
• Use the platform to mine over ten cryptocurrencies.
• Make daily payments and rapid withdrawals from your account.
• DDoS and SSL are used to defend the system.

Minimum Investment: $10

Fees/cost/pricing:

• $10 - 1 day - $10+$1.
• $100 - 3 days - $100+$6.
• $480 - 10 days - $480+$102.
• $6000 - 50 days - $6000+$7400.
• Daily returns range between 2% and 10%.

Our rating: ★★★★★

For additional details, please visit https://bytebus.com/

Twitter: https://twitter.com/bytebusUK

Facebook: https://www.facebook.com/bytebusUK/

Youtube: https://www.youtube.com/watch?v=F-EPwao6ZLQ&t=40s

2 - Genesis Mining

Hong Kong-based Genesis Mining established the first mine in Eastern Europe. It currently serves customers from more than 200,000 different countries. For a variety of miners, including rookies, family miners, and large investors, they offer a lot of cryptocurrency mining options.

Features:

• Daily mining revenue payments to your wallet address
• Top-notch client service
• Multiple cryptocurrencies can be mined concurrently.
• Cryptocurrencies, Visa, and Mastercard, are accepted for payments.
• No maintenance charges

Minimum Investment: $500

Fees/cost/pricing:

• $29 per mH/s
• Minimum based on the cost of the contract bundle
• between $499 and $4,498.5

Cons: It’s a bit costlier than other services

Our rating: ★★★★☆

For additional details, please visit https://www.genesis-mining.com/.

3 - IQ Mining

A group of blockchain and IT engineers familiar with cryptocurrencies run IQ Mining. The business maintains data centers in China, Canada, Russia, Iceland, Georgia, and Algeria. It mixes margin trading for options and cryptocurrencies.

Features:

• Specialized mining agreements for additional revenue
• Customer service
• Pledge your contract to receive trading funds equal to the total amount of the contract's cost.
• Mining contracts pledged without funding
• Information based on Bitcoin mining

Minimum Investment: $108

Fees/cost/pricing:

• Approximately $0.675 per 0.1 mH/s
• A maintenance cost of $0.00013 per 0.1mH/s each day is charged for bronze, silver, and gold.
• Special bundles with more features are available.

Cons: Online, there are a lot of bad reviews and poor client feedback.

Our rating: ★★★★☆

For additional details, please visit https://iqmining.com.

4 - NiceHash

Computing marketplace and mining hosting provider NiceHash. Through it, you can deposit cryptocurrencies and purchase mining packs to mine various cryptocurrencies or sell hash rates to peer-to-peer clients; you can link your miners. Install the NiceHash program on your computer, then click on a GPU or use its hash rate to sell the hash rate.

Features:

• Mining Ethereum, Dogecoin, Litecoin, and other coins.
• Withdrawals of Fiat
• In-app cryptocurrency trading platform
• Remote mining management and supervision
• Peer-to-peer trading with a hash rate

Minimum Investment: 0.034 BTC

Fees/cost/pricing:

• 2258 BTC for one mH/s per day
• 00001 BTC for the new order charge
• 3% for purchasing hash power
• 2% for reselling hash power

Cons: An extremely pricey cloud mining alternative

Our rating: ★★★★☆

For additional details, please visit https://www.nicehash.com.

5 - Bitdeer

A highly regarded cryptocurrency platform called Bitdeer that combines cloud hash mining contracts, a multi-brand hash rate market, and cloud hosting services is now available. Beginning in 2018, Bitdeer, a well-known global provider of digital assets, offers cloud contracts to clients from more than 200 nations. The business focuses on forming strategic alliances with leading manufacturers of mining equipment and the world's largest mining pools. The service provider has data centers in the US, Norway, and other nations. Bitdeer guarantees customers 100% uptime with its top-notch mining facilities.

Features:

• A calculator for profitability and income
• A marketplace for hash rates with a range of third-party sources
• Direct payments received from the top mining pools
• Charts of cryptocurrencies in real-time
• Bonuses and promotions

Minimum Investment: $542

For now, Bitdeer provides modest and seasoned cryptocurrency investors with dependable self-run cloud mining programs. All contract types have a 180-day lifespan. The chosen plan option heavily influences the hash rate and profitability. Starting BTC cloud mining on Bitdeer requires a minimum investment of $542 per 50 TH/s. On relevant areas of the Bitdeer website or by getting in touch with their customer service, you may review all the specifics.

All investors are welcome to use the estimated revenue calculator on the provider's website, even though the company makes no guarantees about the future income level. The cloud hash mining platform currently accepts payments made in both cryptocurrency and fiat. You can buy a mining contract using your Bitcoin or alternative cryptocurrency wallet and a USD telegraphic money transfer. The user can view their account's real-time hash rate and payment statistics after the miner they purchased is operational. Additionally, Bitdeer promises daily rewards.

Our rating: ★★★★☆

For additional details, please visit https://www.bitdeer.com/.

6 - Hashgains

The corporation uses renewable energy to power its data centers for mining. China and India both have mines. Within 24 to 72 hours of payment verification, mining will start. Once you meet the minimal mining requirements, the prize will be delivered to your wallet. But at the moment, the procedure is not automated.

Features:

• Mining Ethereum, Dogecoin, Litecoin, and other coins.
• Low support and maintenance expenses
• Cryptocurrencies, Visa, and Mastercard, are accepted for payments.
• Dashboard monitors earnings and hash rates.
• Assistance with technical matters in addition to customer service

Minimum Investment: $125

Fees/cost/pricing:

• mH/s at $29
• Topaz plan pricing begins at $125.
• Ruby plan (25 mH/s): $625
• 2,500 dollars for 100 mH/s

Cons: Payouts are not automated

Our rating: ★★★☆☆

For additional details, please visit https://www.hashgains.com.

Initially, when we were introduced to the world of crypto and the blockchain, many were skeptical and concerned about its reliability and whether it was nothing but a mere gimmick. They couldn't have been far from the truth, given that Crypto exploded and took the world by surprise, and following that, we had the NFTs come in. While slow to the market. They quickly rose to become something that would cost anywhere from a few dollars to nearly a million. 

However, that's all the past. Now, NFTs have been made accessible in games for the first time! Yes, these tokens have taken over a new genre called NFT gaming. These games have NFTs sold on various NFT gaming marketplaces, ranging from $10 to $1000. The insanity is that while initially games were considered a distraction and hindrance, they have become a medium through which financial gains can be made.

While this is but the beginning, it surely isn't the end, as there is much more to this than just that. The characters used to play the games are NFTs, and the more expensive they are, the rarer they get. 

Understanding the breakdown

So NFTs are nonfungible tokens or any form of art connected to the blockchain. So creating an avatar or a character through the blockchain isn't impossible. On the other hand, while these NFTs are all tradeable, the very factor that requires them to be purchased might raise some skepticism; the reason is that despite the game being free to play, the characters are valuable. This is not the same case in your regular games. In the usual fun, Skins, characters, and weapons are all a single purchase item. They collect virtual dust in the inventory once you stop using it.

Investing in normal games is risky because there's only so much to buy, and none can sell. The in-game items cannot be sold separately; selling them would be handing over an account you spent too long to build and develop. NFTs can be stored in a digital wallet along with cryptocurrency, which is one of the few reasons why NFT games are worth investing in.

The benefits of NFT gaming:

1. NFT gaming helps convert unproductive time into a substantial investment by enabling the game to present itself as serious quests and challenges to increase the value of the particular character or avatar which happens to be an NFT. This will become an asset that can later be traded or sold in the NFT gaming marketplace at 1.5x or even 2x.
2. NFT games help raise the economy, given that almost anyone can play them, so it would allow countless people with a record of investing in adding this to their portfolio. This would, in turn, not only increase the overall economy but could also be a potential stimulus to enable countless others to invest in NFTs and digital assets.
3. When we come to regular gaming, it is quite rare that you see tradable characters but above that, what's even more interesting is that even if a character's skin were bought, it would not be exclusive. N people could have purchased the same skin in NFT gaming; that is impossible because each NFT is completely different. Neither of them looks like the other. The best part is that I have absolute right and ownership over this as I purchased this NFT, and unlike the false impression of privilege that other games show, this is yours.

But wait, there’s more!

NFT gaming, apart from being a venture that can only be done if the character has been purchased from the NFT gaming marketplace, is also one with no extra fee. Several games charge absurd amounts of money for simple and ordinary skins and guns; while they may seem good, they are next to useless. Granted that the NFT games are not as high quality as familiar games, it won't be long before that obstacle is breached.

NFT gaming also implements several bundles that contain NFTs, similar to those bundles you open when you play a game and gain an achievement. These loot boxes often contain an NFT within them, and while it is an entire matter of luck, there still is a good chance that it may happen. Though there aren't many NFT games available, a few have significantly impacted, like the MCL (Meta Cricket League). 

In conclusion

To summarize the following content above, this is a kind of introduction to NFT gaming or P2E gaming. The difference between this and the other kinds of games is these characters, skins, and items are all NFTs, which means they are connected to the blockchain and can only be bought and traded via cryptocurrency and stored in a digital wallet. 

These P2E games are highly investable given that, unlike regular games, these do not end up collecting dust, and the items being purchased rise in value, making them collectible. Even though there are different P2E games, they have different approaches and are not NFT-oriented, which is one major point that has to be noted. Those games depend on luck and chance, unlike the NFT marketplace, where prices differ based on rarity and demand.

Now with the wind of change brought through with Web3, NFT gaming is bound to be the future, and while there might not be many now, there will soon be countless others. Several companies have made certain ventures in this domain, and there is a good chance that there will be another storm that will firmly establish the existence of NFT gaming.

The world of cryptocurrency is filled with opportunity, but also risk. Scammers are continuously devising new ways to take advantage of naive investors hoping to get in on the action. Even with all the news reports of scams and hacking, cryptocurrency remains a high-value target for cybercriminals. New users who know little about how these networks operate make for prime targets. With so many different cryptocurrencies out there, identifying a scam can be difficult. And even if you think you’ve found a great investment opportunity, it’s always best to conduct some due diligence before handing over your money. The good news is that by heeding the advice in this article, you can greatly reduce your chances of falling victim to one of crypto scams learn how to recovery from crypto scams.

What is a Crypto Scam?

A crypto scam is any fraudulent activity that tricks people into giving away their funds through investment in cryptocurrencies. Crypto scams often go beyond mere fraud and border on the illegal, such as hacking and fraud. But the term “scam” is used widely, and encompasses everything from false promises to Ponzi schemes. Some scams are perpetrated by individual scammers, while others are orchestrated by larger networks. Some examples of common scams include false advertising, publishing false wallet addresses, fake token sales, and plagiarism. A crypto scam can occur at any stage in the investment process, whether it’s through an ICO, wallet, or exchange. Scammers can also use false partnerships to reel investors in, so it’s important to do your research before investing in a new token.

What’s the Difference Between a Scam and a Fraud?

A scam is a deceptive ploy used in marketing that tricks customers into buying a service or product they might not need. Fraud occurs when a person or company misrepresents themselves with the intention of causing harm to another person or company. While there is some overlap between the definitions, false advertising is a type of scam, whereas a pyramid scheme is a type of fraud. The distinction between fraud and a scam can be blurry, but it all comes down to the intention of the perpetrator. If the scammers behind the fraudulent activity are hoping to make money, it’s a scam. If the fraudsters are just trying to make a quick buck, it’s a fraud.

Common Crypto Scams

ICO Scams

ICO (Initial Coin Offering) scams are very popular crypto scams. They are a way for scammers to make money by selling a “piece” of a fake blockchain, product or service to you. They may offer a piece of a non-existent ICO or a percentage of profits from a fake blockchain product, which might happen to IDO as well. You can invest in these scams through a variety of different methods. You may have heard about a new ICO, and wanted to invest in it. You may have come across an ad for a piece of a non-existent ICO, or a scam claiming to represent an ICO offering a piece to investors. You may have read an ad for a scam claiming to be a blockchain product offering a piece of its profits to investors. In all of these scenarios, the goal of the scammer is to take your money, and you will never see it again.

Partnership and Exchange Scams

Partnerships and exchanges are two of the most popular scam techniques in the crypto world. To reel in new investors, scammers will often claim that their token has partnered with a major company, like Uber or Amazon. They might even register a fake website or create a fake email address using the name of the real company. By the time the authorities discover the scam, the scammers behind it will have already reeled in a bunch of investors and made off with a hefty sum of money. Similarly, scammers will often set up fake exchanges to trick users into trading their tokens for worthless cryptocurrencies. The scammers will then take the money and disappear. Fortunately, there are a few ways to avoid being scammed in this manner. First, only use reputable exchanges. The top exchanges like Binance, Coinbase, and Bittrex are rarely the targets of phishing attacks. Also, be wary of exchanges that promise really high daily profits or seem too good to be true.

Fake Exchanges and Wallets

Unlike partnerships and exchanges, wallet scams tend to be pretty easy to spot. If you’re ever offered investment in a token through a website or email that looks suspicious, that’s a good indication that it’s a scam. Some scammers will even use websites that look almost identical to legitimate token websites, with only a few minor changes in the design. Fortunately, spotting these wallet scams is pretty easy. If the website is poorly designed, uses excessive CAPITALIZATION, or has a generic email address like [email protected], it’s best to stay away from it.

Misuse of Brand Names

Crypto scammers will often create fake websites that closely resemble legitimate cryptocurrency news sites. They might even use similar writing styles, fonts, and even images to make their website seem legitimate. Once you’ve found a new token that you think has potential, use your common sense to rule out these copy-and-paste scammers. If the token’s website looks nothing like a legitimate cryptocurrency news site, it’s more than likely a scam.

NFT Scams

With the recent surge of NFT and NFT marketing, there are many NFT scams as well. To avoid being scammed, make sure to read reviews, trust only reputable sites and pick NFTs that are likely to increase in value. NFTs can be anything from physical items to digital assets. The most common NFTs are gaming items, art, real estate, software, and intellectual property. When you are looking to invest in an NFT, make sure to do your research. What are the short- and long-term prospects for this asset? What is the current market for it? What are the costs of acquiring the asset? What are the risks involved in the asset? 

Can You Recover Scammed Crypto?

If you are unfortunate enough to be scammed, there is no easy way to get your crypto back. It is very much like a regular scam, except that it is done with crypto instead of cash. The best you can do is to try to report the incident to the authorities. You may also want to reach out to a trusted vendor or service that you have used before and let them know what happened. They may have some advice for you in order to avoid future issues. Unfortunately, scammers are out there trying to take advantage of people every single day. Be sure to stay alert and do everything that you can to protect yourself from scammers.

How to Recover From a Crypto Scam?

If you have been scammed and lost money, there is no need to panic. It is not the end of the world. There are some steps that you can take to recover from a crypto scam and get your money back. This process might take some time, but you do not have to lose hope.

What you will need:

• A detailed knowledge of the crypto scam that happened to you, as much information as you can gather.
• A plan on how to go about getting your money back.
• Patience and determination.
• An understanding family and friends.
• A desire to never let this happen to you again.

If you have been scammed, the first thing that you should do is to contact the authorities. The second step is to let your crypto exchange know so that they can put a stop on any trading or withdrawals from your account. The last thing that you want to do is to attempt to claim your crypto by trying to go through the scammers. Most likely, they have taken precautions to make sure that they can’t be traced, and you could actually be putting yourself at greater risk by trying to do this.

Conclusion

While there are many legitimate opportunities out there, there are also a lot of scams. That’s why it’s critical to do your research before investing in any token. Always check the source, claims, and team members before sending any money. Also, consider using tools such as VPN to increase online security. If you follow these tips, you should be able to avoid most crypto scams. And even if you do fall victim to one, the process of identifying and recovering from the scam will help strengthen your crypto knowledge in the process.

What is IDO’s meaning in crypto? What are the benefits and risks of an IDO? In this article, we Will discuss the meaning of IDO as well as it’s benefits & risks.

As the crypto world evolves, new practices are in place now - especially liquidity exchanges. Let us explain.

What Is IDO’s Meaning in Crypto?

Initial DEX offerings or IDOs are basically a means to launch crypto tokens through decentralized liquidity exchanges.

Meaning that, once an IDO coin is launched via Uniswap or Binance, it can be traded by anyone without much external control. That's why IDOs are taking the spotlight for now.

Before we delve into details, let's do a quick walkthrough of what it means to launch tokens. In general - ICO, IEO, STO, and IDO are popular among investors particularly. Setting up funds for a business was a hassle back in the day with traditional banking methods. But now, as cryptocurrencies become mainstream, companies are starting to use crypto tokens to raise millions.

IDO is the latest succession, it is far better in most aspects - faster, transparent, and provides instant liquidity access. Here are a few noteworthy IDO examples:

Successful IDO Projects

The Raven Protocol

An AI-based decentralized training protocol - they launched IDO back in 2019 and haven't looked back since. The Raven Protocol was one of the first ones to do so and even acknowledged the risky decision.

A product that depends on blockchain technology to bring revolutionary changes in AI, sufficient funds are needed. With their signature Raven Token on IDO, contributors raised over $500k in the long run. Under 24 hours, a total of 3% Raven Token was assigned, each coin went up to 0.00005 BNB in value.

Launch X

Another highlight, a decentralized IDO launchpad platform helping startups and individuals raise capital across blockchains. A leading name in the Binance Smart Chain economy, the company is powered by huge crypto reinvestment hubs - Marshland Capital, Raptor Capital, and Vendetta Capital.

Recently, Launch X closed at $600k for their new cross-chain launchpad on the website. David Marshall, the co-founder of Marshland Capital has optimistic views about the future of Launch X - hoping that a public IDO would do wonders.

UMA Protocol

Universal Market Access (UMA) protocol allows DeFi developers to issue and trade synthetic assets on the Ethereum-based platform. Not long ago, a token was released publically for an offering of $0.26 per token via an IDO supported exchange, Uniswap. UMA pulled over $535k in Ethereum.

Anyhow, the calculations didn't go as planned. The graph of the token went through a sharp bonding curve and in hindsight, the coin went more than $2 after going public - disappointing traders. This wasn't UMA's fault entirely, it had more to do with the exchange.

MAID

MAID is an emerging DeFi platform that runs a DEX offering on the MISO platform of SushiSwap (a decentralized exchange).

On 4th August, MAID IDO generated 448 ETH in just 20 minutes, going far above expectations. People on Twitter were lined up to participate in the Dutch Auction type. 30k $MAID coins were set in line, each one started at 0.015 ETH.

SushiSwap, a competitor to UMA - another decentralized exchange agency operating on Ethereum - encourages users to openly trade with MAID or keep such assets. An important takeaway is realizing what the selling point for MAID was. The anime appeal combined with easy registration (IDO) generated profitable results.

How it is Different - Compared with IEO/ICO/STO:

You might be wondering, what difference does an IDO make? It might seem the same but there's more to it. Keep reading.

To sum it up, IDO offers better liquidity returns. Older crypto funding models such as - initial coin offerings (ICOs), security token offerings (STOs), and initial exchange offerings lack (IEOs) behind in terms of accessing funds and the overall mechanism.

If we go into detail, ICOs and IDOs have a lot of overlapping features but staggering differences too. ICOs are regulated centralized exchanges while IDOs are free-for-all and decentralized. But we won't deny that ICOs raise far more money. IDOs are quick but high fees along with "stages to access" make them inaccessible for some investors.

To learn more about ICOs, click here.

However, IDOs are popular in decentralized (DeFi) markets and non-fungible token (NFT) based projects. IEOs rely on centralized exchanges (CEX) as well. Any ruling by CEX needs to be followed strictly:

• Do not go over fundraising limits
• Token should be listed separately
• Restricted pools

With IDOs, open a pool and trade freely. Lastly, let's talk about STO - it deals with asset-backed security tokens. When looking to convert, STOs are not recommended - low liquidity due to centralization policies. Hence, IDOs win over.

Benefits of an IDO - Know Well

Know what you're getting yourself into - proper crypto insight is necessary before making any sort of financial decision. Read thoroughly and evaluate:

Clear Fundraising

The most notable "pro" point, it's open to everyone and everything is transparent. Participating in an IDO-based fundraising allows multinational capital funds to invest, as well as the common person.

Usually, whenever a token goes public, private investors buy it in bulk and then sell it later for a higher price - this drawback led to lots of precautionary investment decisions being taken. Small businesses didn't even bother to go through auctions. Fortunately, an IDO-based fundraising approach revolutionized everything.

Swift Liquidity

Let us brush up on your concepts a bit, liquidity defines how easily and efficiently you can convert an asset or security to cash. With IDOs, tokens get in a liquid state instantly - even the price stays stable that way. With other fundraising models, you need to wait a while - pay exchange fees, and then wait for approval. With IDOs, as we've said - it is decentralized.

Risks of an IDO - Be Aware

Everything about IDOs might seem ideal right now but unfortunately, there are a few setbacks that you need to be aware of. It's a new fundraising model after all.

Authority

A decentralized platform has its own set of problems too. No regulation whatsoever can cause prices to fluctuate massively, financial forecasts are unpredictable. So, research before investing. With no proper authority to look over, you should expect such problems to occur:

• The price of a token fluctuates massively at the very first swap
• No audit. There are no statistics to see how many tokens one's buying
• The bonding curve model can't be easily analyzed

The Cost

Gatekeeping. Yes, investors tend to withhold token prices in a way because there's no limit set - buy as much as you want. And then a bonding curve graph shows up, leaving a lot of scattered data. Some traders even use technology to their advantage.

Once at BZRX, a decentralized Ethereum-based exchange platform, a group brought a bot along with them. The algorithm was fixed in a way that they bought all the project tokens at the initial price. With the surplus, they sold the tokens later - getting a huge profit by using just a bot.

The Future of IDO

The IDO mechanism was founded to be the "better" version of its predecessors (ICO, IEO, STO) - has it succeeded? We can't tell yet, it has only been a few years. So far, the concept of decentralized exchanges where you can quickly raise funds and not go through any processing steps seems idealistic but the subtle loopholes can't be ignored.

With just a few control mechanisms in place, IDOs can be trusted. Otherwise, token prices will keep on fluctuating, you'll have to make risky decisions. To conclude, IDOs are definitely here to stay nonetheless - better start investing!

Related: Crypto & Blockchain Guides | ICO Guides | Crypto News Today

But also a very large number of people use Inholdex today as an easy payment method. It is incredibly convenient, easy to use and super protected. Just think about it, from the day of the creation of the wallet Inholdex.com there was absolutely no theft of funds from users' wallets. Many independent security audits of the Inholdex wallet have confirmed the unprecedented decentralization and independence of the entire system and smart contracts on which the entire system is built. There are no such systems from the point of view of security in general on the crypto market.

Thus, using Inholdex as a way to accept or make payments in cryptocurrency is one of the most correct decisions today. You can receive and send payments from any Inholdex wallet, as well as be able to make transfers and payments to all available crypto wallets in the world without restrictions. And on top of everything else, Inholdex does not have any commission for the withdrawal of coins.

It is incredibly convenient, in any country and in any city in the world, you can always access your Inholdex wallet and exchange it for local currency or exchange money for your Visa/MasterCard card or make a bank direct transfer using online exchangers.

Advice from our editorial board, if you need to exchange your cryptocurrency that is stored on Inholdex for the fiat currency of any bank in the world, we can advise you an aggregator of online exchangers in any direction - Bestchange. There is a huge number of verified online exchangers on it.

Today, when there is a large amount of scam in the cryptosphere, Inholdex.com this is one of those services that completely exclude fraudsters and allow only valid owners to have permanent access to funds.

They also developed and implemented the Sесurе DеаI function, which also functions on the blockchain, which performs the Escrow function for the exchange of absolutely any digital and tangible goods and services.

In conclusion, we are ready to say that if you are looking for more modern and secure solutions for storing cryptocoins, as well as making and accepting crypto payments, you definitely need to familiarize yourself with Inholdex.com Exchange.

Mining cryptocurrencies is one of the best ways to make money in the cryptocurrency industry.An innovation in simplicity, a specially simplified cloud mining platform provides exceptional service and cryptocurrency mining for clients without skill or equipment.

You don’t need any special hardware or software or even keep your computer on to do cloud mining.All you have to do is pay for a mining contract and then sit back and receive your daily profits. Nothing else is required from you during the entire process. 

Hashlists is currently operating large data centers in Kazakhstan, Myanmar and Iceland. Hashlists is also the only company in the world that has been granted a license to support land lease and exploitation by the Kazakhstan government within 5 years .With Hashlists cloud mining, you can invest as little as possible with a 100% chance of making profits. 

Hashlists’s business model is simple: you make a deposit like any bank and automatically receive dividends in USD on your account every day. The initial deposit can only be withdrawn at the end of the contract period, when the contract expires, you can choose to withdraw money or continue investing.

Can I make money by not investing?

Yes, we have a free experience plan that gives you $8 when you register. You can use $8 to buy the free plan and get $0.8 per day. When you reach $100, you can withdraw money.

The best referral program

A life time 3% Commission, you can start earning money even if you do not invest.For example,if someone purchases a $100 order using your referral code, you'll get $3 for free.

A variety of investment plans

Hashlists believes everyone should be entitled to easy passive income. To ensure this is possible, it has a variety of plans for you. The plans range from as low as $8 to as high as $6,500. 

Mining contracts also range from daily to 60-day contracts. This gives a lot of flexibility of investment for you. The best part is you don’t need to know anything about Bitcoin mining to invest in this great opportunity.

Returns are paid daily, so you are sure of getting payment every single day. The returns are fixed for any period of time for which you invest. 

For example, the $100 investment for 3 days has a fixed return of $5.4 dollars, paid daily over the 3-day period. 

For example, the $1800 investment for 20 days has a fixed return of $700 dollars, paid daily over the 20-day period. 

For example, the $6,500 investment for 60 days has a fixed return of $8,200 dollars. That is 126% return spread and paid daily over the 60-day period. 

How to participate?

To start enjoying daily passive income from Hashlists, all you have to do is sign up and pay for a mining contract. Just provide your email address and create a password, then verify that you are a human (we don’t work with robots) and you are in. 

Backed by an Experienced Team

The number of Hashlists users is almost 240,000 today! The company has raised over $ 8,000,000 in investments. No other company has been able to replicate this result. The secret of success lies in stable profit accrual, favorable terms of cooperation and flawless work.

Hashlists ranked # 1 in user growth and profitability in the first half of 2021. A high level of profitability and 2 years of flawless work brought Hashlists to a leading position among all cloud mining services in the world. Hashlists is a reliable partner and an excellent solution for your investment.

In conclusion, Hashlists is the perfect cloud mining platform for crypto enthusiasts that want to increase their earning opportunities. It offers full guarantee for all investments and has a team of qualified analysts and experts working daily to ensure consistent customer rewards. 

To learn more about Hashlists visit its website at https://www.hashlists.com to check out mining plans and start your mining journey. 

Since the first video games got along well with the youth of the 1970s and 1980s, they have resulted in the formation of a separate business segment. Many movies were created on the concept that suggested humans could very soon become part of video games in real life, such as the famous Spy Kids series. With the arrival of blockchains, everything they touched had a change that would last forever, and it was not different when it came to video games. Blockchain-based games transformed the way video games are looked upon by the general public, and the positive changes inflicted might stay on forever. Now, people lead their livelihoods through earnings from such games based on the play-to-earn (P2E) model, and more people could soon join the new age game revolution.

The current era in the gaming industry is nothing short of a revolution since games have started giving back to its player, which was not the case before. Non-fungible tokens (NFTs), which back the in-game assets are the primary reason behind the P2E model’s universal success. Now, the gaming revolution could see a huge spike in P2E adoption due to a single announcement that has amazed the gaming community. The announcement of the NFT drop event for the world’s first-ever NFT cricket game by a popular NFT applications development firm has already garnered widespread attention across the world. In this blog, we will see more about the upcoming NFTs of the P2E game’s first drop event, and some of the assumptions found in social media that could actually turn out true.

More About the Announcement in Discussion

We are looking at Super Loot, the NFT drop event from Jump.trade, an NFT cricket game developed by GuardianLink, a firm developing NFT application products. The ultimate aim of the NFT marketplace and the drop hosted there would be towards forming the first metaverse cricket game from India (possibly the world’s first here too), with the P2E game Meta Cricket League as the foundation. An important statement from the official press release was that the Super Loot drop event aims to gather cricket, gaming, and NFT enthusiasts under a single umbrella. This leaves onlookers to speculate that the NFTs involved in the drop might be of various categories and might probably include a range of digital and physical NFT products, which could provide some extra utilities apart from being in-game assets. Also, the drop could increase the size of the P2E gaming community, particularly in the cricket-cherishing regions in Asia, and the Caribbean, which are among the populous developing countries. In a nutshell, the new NFT cricket game is setting itself to reach the level of the Axie Infinity ecosystem, with an added metaverse experience setting it apart.

Play to Earn NFT Cricket Game – What Will It Mean for a Player?

In the present day, multiple cricket games across platforms have a massive fan following, although there have been accusations of dismal graphics and the one-way expenses associated with such games. With the play-to-earn model, though, the disadvantage of spending a lot of money knowing it could not be redeemed gets out of context. When played consistently, a P2E NFT cricket game might well give back your investments in a short time, depending on your skill level. After that, all the rewards achieved goes totally as profits, and a passive income is hence guaranteed. Such income could exist at any point in time, given that there would be a dynamic in-game economy that we have witnessed from the current day blockchain-based NFT games. Even if a player wishes to stop playing the NFT cricket game at any point in time due to some reason, the NFTs possessed by the player can easily be traded within the game’s metaverse.

How is Social Media Getting Ready for the Super Loot Drop?

Since the official press release first came out earlier in March, there have been talks generating huge levels of interest around the upcoming NFT drop. Also, many social media posts supporting the game can be seen. It is worth noting that the hashtag #jumptrade has been trending across social media platforms. The excitement is not only among cricket-savvy social media users but general users across the world as well. The major reason for the world-level reach is that the Super Loot drop could mostly come with benefits, irrespective of which region of the NFT space or target audiences they belong to. Broad-minded ventures such as Jump.trade always collect huge support, and it has been proven yet again. With the Super Loot countdown inching closer to its end, one can only expect huge excitement sprayed around the new Play-to-Earn NFT cricket game. If all the social media buzz around the Jump.trade NFT marketplace’s Super Loot drop, then one could expect new records to be set in the NFT world.

Would the NFT Drop Go A Long Way Down in History?

The upcoming Super Loot NFT drop event for the new NFT cricket game could be remembered for a long time when it comes to Play-to-Earn metaverse gaming. This can be clearly seen by the amount of excitement and hype seen among cricket fans, gamers, and NFT enthusiasts across different social media platforms globally. Therefore, it can be easily said that the nearing Super Loot NFT drop event could pave a long way for metaverse-based Play-to-Earn cricket games and become a turning point in the gaming industry in the history of video gaming.

Some Summarizing Thoughts

As a final thought, we can say that the upcoming Super Loot NFT drop during mid-April has the power to script a big page in the annals of gaming history. The present excitement levels have been immense, and with the drop set to take place during the busiest month in the cricketing calendar, vibrations could only get positive. So, it could possibly be a missed opportunity if some cricket geeks miss out on the event and feel like people who understood cryptos much later.

Blockchains are one of the most revolutionary technologies of the past few decades. However, its possibilities have largely been limited by the high transaction costs and slow transactions. Older blockchains like Ethereum and Bitcoin have especially become problematic as they are not able to handle many transactions in short periods. While Binance Smart Chain is considerably faster, it’s still not in the top 5 among the quickest blockchains. You can learn more in a BSC review here, or simply make a few transactions on various blockchains and compare. However, BlockPrism can save you the trouble and will in this post bring up the 5 quickest blockchains with the lowest fees.

It is important to remember that faster blockchains can be conveniently used for purposes like value data transfer and high-frequency trading. Over the past few years, developers have created cryptocurrency ecosystem that have very low verification periods, high transactions per second, and very low transaction costs. Let’s begin with some of the best alternatives.

Fantom

Fantom was created in 2018 and serves as a blockchain platform for decentralized finance, crypto dApps, and various enterprise applications. The blockchain uses a leaderless proof of stake system to verify transactions. One of the key benefits of Fantom is that it conquers the blockchain trilemma, which means it is scalable, secure, and decentralized. It can process thousands of transactions in a second. In comparison, Ethereum can only handle 15 transactions in a second.

When you make payments on Fantom, you can expect the transactions to be completed in less than two seconds and often in less than one second. When using Ethereum, your transactions can be completed in 5 minutes, but depending on the number of transactions, the payment can take up to four hours and the fees are way higher. Being a seriously scalable blockchain with limited users so far, Fantom is able to process transactions for only $0.0000001 – which is among the cheapest blockchains out there. Go through Crypto Lists review of Fantom blockchain in order to learn more, where ratings for various blockchain parameters can be seen.

Summary of Fantom:
+Transaction speed - Less than a second
+Transaction cost- $0.0000001

Solana

Solana was developed to support scalable user-friendly dApps. This network has been growing extremely fast, and this is due to its marketing, low transaction cost, and fast blockchain. While its adoption levels are still far below Ethereum, Solana is still highly impressive. It can handle more than 65,000 transactions per second, and to date, it has verified more than 60 billion transactions. The average gas fee on this blockchain is usually $0.00025. This network processes transactions in a fraction of a second, and these qualities have even rivalled established fintech giants like Visa. The high scalability of the network ensures that the transaction costs will remain low forever. As the hardware gets faster, the speed of the blockchain will also keep going up. Solana is one of the most used networks for NFTs, gaming and DeFi. There are plenty of useful information for potential Solana developers on the official site.

Summary of Solana:
Transaction speed - Less than a second.
Transaction fee - Around $0.00025

Terra

Terraform Labs was started in 2018 and was backed by several established companies in the crypto space. The then 25 year old founder Do Kwon from South Korea, is one of the most influential in crypto in 2021 according to CoinDesk.

The company launched the Terra blockchain soon after it was launched and its goal was to create a decentralized payment system. Still, you should note that the network has been used to launch lots of other stablecoins, and these track various fiat currencies around the world. You can read an intro to Terra here.

The native token of the smart contract blockchain is the LUNA coin (see review), which has increased over 70% in price over the last few week.

At the moment, the network is able to process a thousand transactions per second, and its transactions are completed within six seconds. The developers are planning to add the Cosmos Tendermint technology to the network, and this will allow for 10,000 transactions per second. With this development, the transaction speed will go down to two seconds. Transaction fees on the Terra blockchain are known as the tax rate, and they range from 0.1% to 1%. The current rate has been set at 0.6%. Many crypto and finance related newspapers has written about Terra, such as CNBC.

Summary of Terra:
Transaction speed – Usually between two and six seconds.
Transaction fee - 0.1% to 1%.

Polygon (MATIC)

Polygon (official site) was launched in 2017 under the name Matic Network. This network uses the proof of stake system to verify transactions, and successful validators of transactions are compensated in MATIC tokens. Polygon works as a secondary scalability solution for the Ethereum network and helps to connect and grow Ethereum-compatible projects and blockchains. Since the consensus mechanism of this blockchain is able to complete the transaction confirmation process in a single block, the network has been able to maintain high transaction speeds. On average, transactions are processed within 2.1 seconds. The transaction fees on this network are also extremely low, averaging at about $0.01.

Summary of Polygon:
+Transaction speed – Between 2-6 seconds
+Transaction fee - $0.01

Aleph Zero

This is a DAG platform that has officially been peer-reviewed and accepted for publication at the Advances in Financial Technology conference. To maintain high levels of decentralization, this protocol uses a large, rotating, and random committee. Aleph Zero stand by the proof of stake system to verify transactions, and this helps to lower its environmental impact.

As one of the most scalable blockchains, this network can handle up to 40,000 transactions per second. On average, transactions are processed within 0.6 seconds, and this is the fastest speed recorded on any blockchain. When transacting on the network, you will need to pay a fee of 0.0003 AZERO, which is close to zero USD. At the time of writing, one AZERO is equal to $1.36, which means the transaction cost will be about 0.0003 USD. Again, this is among the lowest transaction fees in the crypto world. Aleph Zero is mainly used by enterprise, quite often for privacy enhancements rather than for trading and investments.

Summary of Aleph Zero:
Transaction speed – Usually less than 1 second.
Transaction fee - 0.0003 AZERO (roughly $0.0003).

Conclusion

Fast blockchain transaction speed and low transaction fees are extremely important in crypto. The fastest blockchains with the lowest gas fees are Fantom, Solana, Aleph Zero, Terra, and Polygon. When comparing fast blockchains, it is essential to also check the scalability of the networks as this will determine the costs and speeds in the future. A scalable blockchain will be able to maintain its transaction speeds and costs even with mass adoption. Many of the fastest blockchains today are not even near the size of Binance Smart Chain (BSC) or Ethereum.

Why do you need to improve the security of your product?

But first, let's talk about why blockchain security has become an issue. Hacks have been on the rise lately, primarily because of the blockchain's anonymity principles. This allows cybercriminals to launder and cash out stolen funds without much difficulty.

Amid a wave of hacks, Blockchain Security startups like Hacken, which do not just audit code, but also audit smart contracts and wallets by hackers, are gaining popularity.

Some experts are inclined to think that it is not so profitable to maintain a staff of testers from the point of view of objective detection of errors in the code. But nevertheless, penetration testing performed by a specialist increases your security level. That's why you should not run after acceptable penetration testing pricing, but use only professionals.

Penetration testing

A penetration test is an opportunity to assess the level of protection of an information system against illegal intrusion into it from public networks. The essence of the test is to identify security weaknesses by looking at it through the eyes of a cybercriminal who is interested in gaining unauthorized access to the information system.

In the course of penetration testing, the following tasks are solved:

•  Checking the possibility of an employee gaining access to sensitive information.

•  Evaluating the business logic of critical services in order to determine whether fraudulent schemes are possible.

•  Detection of unauthorized access to sensitive information (personal and authentication data, key configuration files).

•  Detection of vulnerabilities in information security and options for their exploitation.

•  Verification of possible privilege escalation by the rank-and-file employee.

•  Recommendations are developed to neutralize the detected vulnerabilities.

Bitcoin cloud mining is an alternative method of bitcoin mining. In this way, the person does not enter the process of purchasing and providing the necessary facilities to perform difficult and time-consuming calculations of the blockchain. Rather, it somehow invests in the mining of other persons or organizations and receives a return on its investment.

At the beginning of the Bitcoin era, mining the currency was considered a high-income hobby. Those who accepted the currency from the beginning had the chance to mine 50 bitcoins from a room in their house every 10 minutes.

If someone in 2010 successfully produced only one block of bitcoins in a mining operation and kept it, it is as if he could have about $ 450,000 bitcoins in his pocket in 2021.

If you are interested in a semi-passive income and profitability from mining or bitcoin cloud mining in 2021, first know a few basic principles about getting started and then decide if bitcoin mining is possible for you or not. These are listed below.

What is Bitcoin mining activity?

For participating in bitcoin cloud mining you should know about mining. Mining is the basis of all blockchains that work with proof-of-work algorithms. The network that includes bitcoin mining hardware is so vast that the chances of users mining a block and thus receiving a block reward are very low.

Suppose Hashrate Bitcoin equals 100 EH / s or 100,000,000 TH / s Bitcoin, in which case a WhatsMiner M20S ASIC miner with 68 TH / s would be able to mine a bitcoin block, approximately 1 at 1470588 is a chance. This means that due to the creation of a block every 10 minutes, this user must wait about 16 years for mining that block.

What hardware devices are needed for mining?

The hardware required for bitcoin mining is specific hardware designed and manufactured solely for use in bitcoin mining. For bitcoin mining to benefit you, you need to use more powerful hardware. It is very expensive for ordinary people to buy these devices.

Given these problems, it seems impossible for an ordinary user to afford to buy hardware and pay electricity bills. Therefore, the profitability of bitcoin mining is very unlikely for ordinary people.

Besides, these devices require a lot of electricity to supply energy. By participating in Bitcoin cloud mining, you will get rid of the hassle of providing mining hardware and paying staggering bills.

What is the role of Hashrate in bitcoin mining?

Hash rate is used to measure the computing power of mining devices. In 2009 and the beginning of bitcoin mining, hash rates were initially measured in seconds (H / s) but are now measured with Petahash in PH / s, which is equivalent to quadrillions of hashes/second.

It means that the more miners and, consequently, the computing power of bitcoin mining devices, the more rewarding blockchain users can be, the more difficult it will be to solve mathematical equations. It is a competition of computing devices. If mining hardware has more computing power, it can find more solutions.

This means that individuals or corporations that can have the most computing power or the most hash rates can mine the most bitcoins and get more rewards.

How much does it cost to sell bitcoins you gain from mining?

One thing that is often overlooked about the bitcoin profitability calculator of mining is the fees that the user has to pay to sell their mined bitcoin. If you are an independent person, you will have to sell your coins in cryptocurrency exchanges such as KuCoin or Binance. Sometimes the fees you have to pay are high, depending on the rules of the exchange fees. If you subscribe to a Bitcoin cloud mining company you will not have to worry about this.

Bitcoin profitability calculator

What is the meaning of block reward?

It takes ten minutes to produce each new bitcoin. Every ten minutes, a bitcoin is allocated to someone who has a mining hardware device and can discover new blocks faster than anyone else.

In 2009, Bitcoin creator Satoshi Nakamoto set a mining bonus of 50 BTC. He also coded halving to control the number of bitcoins being rewarded in later years.
Bitcoin halving is pre-coded to halve the number of bitcoin releases almost every four years. In 2009 the number of bitcoins was 50, in late 2012 this number dropped to 25 bitcoins. The halving event halved to 12.5 bitcoins again in mid-2016. The halving event took place in May 2020 and the number of produced bitcoins decreased to 6.25.

Because you do not have access to inexpensive electricity, buying modern and powerful mining hardware requires a lot of money, so mining may not be the most efficient way to make a profit.

Investing in bitcoin mining can be very lucrative, but it can take the hassle out of managing devices and using different equipment, but Bitcoin cloud mining or Cryptocurrency cloud mining makes the process a lot easier.

How does bitcoin cloud mining work?

The simple definition of cloud mining is that the process of mining cryptocurrency takes place in a large data center. Several miners work in this data center and it works with shared processing power. People involved in Bitcoin cloud mining can participate in bitcoin mining or other cryptocurrencies, but do not need to know how to manage complex mining hardware. For mining, you need to know the mining devices and ASIC miner profitability ranking. For instance, you need to know the Antminer S9 profitability to decide on mining.

In Bitcoin cloud mining, Bitcoin and different cryptocurrencies can be generated in large volumes. They bring together powerful mining machines in large numbers and create a large, cohesive network. In these places, they set up large cryptocurrency mining farms. The devices in these farms have a lot of processing power.

Many people around the world can use the power of the devices of these farms. Due to a large number of devices, the chances of the whole network being able to get more rewards increase. The reward given to the whole network is distributed among all members of the network. If an ordinary person wants to work in bitcoin mining individually, his chances of mining bitcoins or other cryptocurrencies generated by the PoW algorithm will be much less and in some cases impossible.

What are the advantages of cloud mining?

If you like to participate in mining and gain profit you can be a member in Bitcoin cloud mining partnerships so you will enjoy the following benefits:

• You are comfortable with a lot of noise in the home environment due to the installation of mining equipment.
• You do not have to pay staggering electricity bills.
• You do not need to worry about storing or selling equipment when you no longer need it
• You will not have problems with cooling devices and ventilation of the equipment installation place.
• You do not need to learn to work with mining software.

The company or organization preparing cloud mining services accepts all the problems and hassles of mining, and people who want to participate in mining through these companies, it is enough to invest in this matter by purchasing partnership contracts.

Cloud mining advantages

What are the types of cloud mining partnerships?

If you want to partner with a Bitcoin cloud mining company for profit, you can usually do this in three different ways:

• In the Hosted mining method, you can rent a mining device hosted by a cloud mining company.
• In the Virtual hosted mining method, you rent a private virtual server and install and run your mining software on it.
• In the Leased hashing power method, you can rent some hash power from a Bitcoin cloud mining Services Company without the need for mining hardware. This is one of the most popular ways to cooperate with a Bitcoin cloud mining platform.

Various accounting services can show you the benefits of mining by receiving the required information. Be careful these services are designed to work with your hardware parameters. It May is not suitable for cloud-mining parameters, but you can easily use them with a clear understanding of the costs of Bitcoin cloud mining.
Cryptocurrency mining calculators often ask you for electricity bills and initial budgets for hardware to calculate profitability. They generally take the initial capital and expenses you incur during the mining process from you.

Therefore, since the cost of electricity is borne by the companies providing Bitcoin cloud mining, you can enter the monthly cost of mining instead of the cost of electricity.
Of course, the conversion process is not that simple. For hardware mining, you can calculate your monthly cost by multiplying your electricity cost (for example, a few dollars per kilowatt-hour by the unit energy consumption and by the conversion factor of 0.744. This factor is the ratio per second to joules of energy per kilowatt-hour.
But to Bitcoin cloud mining, you have to choose other methods because the server pays you monthly. Therefore, you should get the equivalent cost per kilobyte of hours. To do this, you have to divide the monthly cost by the conversion factor of 0.744 mentioned above.

What should be considered in a profitable partnership with Bitcoin Cloud Mining?

• When it comes to mining any of the cryptocurrencies, you have to take risks and consider the risks, but if you make the right decisions and go the right way, you will make a big profit.
• In experimental calculations, you will probably find that some Bitcoin cloud mining services are profitable for several months, but as the bitcoin difficulty level increases, you will probably lose money after 4 to 6 months. The solution offered by Minerland in this situation is to reinvest everything you have earned to maintain a competitive hash rate.
• Investors should research the Bitcoin cloud mining Company before investing and become a member of trusted companies such as Minerland to avoid being abused in Bitcoin cloud mining.
• It is better for investors who want to enter this field to take risks and invest with money that they do not need. In this case, they will be happy with the profit they earn.
• Read about Bitcoin cloud mining on websites and social media pages and act with great awareness and readiness to buy partnership contracts.

Minerland Bitcoin cloud mining profitability

Can we count on the profitability of Bitcoin cloud mining?

Participating in Bitcoin cloud mining may be the most appropriate type of bitcoin mining for users who do not have the space or capital to set up their mining system. If these people want to have a stake in the booming mining business, they can make a profit from the industry by purchasing contracts from Bitcoin cloud mining companies.

Bitcoin cloud mining companies prepare and maintain modern and powerful mining equipment at vast places called Mining farms. Ordinary people can use this equipment online and participate in digital currency mining only by concluding a contract. Service providers also deduct a percentage of the profits from the mined currencies and pay a percentage of the profits to investors according to the contract.
You can see Minerland contracts as examples:

• If one participates in the Soldier Plan with an investment of $ 15.99, the daily income of this plan is equal to 150 Satoshi and 1 point.
• By investing in the amount of 49.99 dollars in the Major plan, the daily income of this plan is equal to 700 Satoshi and 5 points.
• If you participate in the Captain plan, the daily income of this plan is equal to 6250 Satoshi and 60 points, and the investment amount is 444.9 dollars.
• The capital required to purchase the Lord plan is $ 1999. From this plan, 28000 Satoshi and 280 points can be earned daily.

Conclusion;

If you want to get the desired profit from the cryptocurrency market, every person must know the various ways to earn money from this industry through complete research. Then proceed to invest according to the volume of your assets.

Whether one goes for bitcoin mining or what method one chooses depends on many things that are different for different people. When you enter this field, it also plays a very important role in your decision to make a profit from cryptocurrencies.

Many now believe that the time to profit from bitcoin mining is coming to an end and without ideal facilities, it would not even be economically viable. It seems Bitcoin cloud mining will be profitable for you in 2021. So it makes sense that if you want to make a profit from the bitcoin mining market, join a strong team instead of a monopoly one. By choosing a reasonable Bitcoin cloud mining contract, you can save time, energy, and possibly money.

Assess their past projects

Any experienced company has a portfolio of work that it has delivered to various clients. It's essential to request the company you're evaluating to share with you its portfolio. You can assess the quality of work through past projects and determine whether the developer can meet your needs. Companies that lack previous work samples may be young in the industry and lack the skills to offer high-quality services.

Find out about what the team can do

Developers in the blockchain industry must possess vast technology skills related to the field. You need to inquire about the programming language the developer applies and the frameworks the team uses. Also, find out about the size of projects they can manage. Complex blockchain projects need a team with various professionals who can coordinate to develop them. Companies that focus on startups may lack the expertise to deliver sophisticated blockchain projects.

Following the latest industry trends

These days many businesses are trying to experiment with blockchain. When evaluating a blockchain development company to hire, it’s the key to assess whether it follows the latest trends and innovations in the industry. Hiring a team that’s up to date with the latest developments and innovations in the industry can help you create a high-quality project.

Customized solutions

Each business has peculiar needs that require specific solutions. So, a blockchain development firm should deliver bespoke solutions that meet the needs of various projects. If the available platforms don’t fit your needs, you should determine whether the company provides customized services.

Evaluate third-party reviews

Due to technology, it’s possible to find the views of various individuals about a specific blockchain developer. Platforms like GitHub, Bitcointalk, and LinkedIn contain many objective reviews about a development company you intend to hire. The best company has raving reviews from previous clients. On the other hand, a preponderance of negative reviews indicates that the company lacks the experience and skills to deliver high-quality blockchain projects.

Security and customer support services

Each business requires a secure blockchain solution that protects its data from hackers. Although blockchain integrates encryption technologies, huge transactions can sometimes overwhelm the security aspects. Thus, the company you're evaluating should guarantee you a consistent, secure system. At the minimum, the company should integrate two-factor authentication (2FA) and multi-signature elements.

In addition, the company should have a reliable customer support service that’s ready to handle any issues you may encounter.

‘Thirteen companies dealing with cryptocurrency and blockchain tech received a total of 43 vulnerability reports in the period between February 13 and March 13, as per bug reports submitted to vulnerability disclosure platform Hacker One.’

Source: TNW

Assess their pricing and contract conditions

Each blockchain development firm has different prices for its services. It would help to find out whether your company of choice can match your budget and offer the best solutions. It's important to request a quotation that captures details of various services and their prices.

The company you choose should be flexible in accepting various options of payments. If your budget is tight, the developer should evaluate your objectives and develop a contract to fit your needs. For example, suppose you lack the money to pay for the entire project. In that case, the company can develop a contract that enables you to share a specific percentage of your profit once the project is operational.

Examine the team’s experience

The company you're assessing should showcase its team's skills on the pages of its platform. You can also check social networking sites, like LinkedIn, for more information on each member's experience.

Smart contract Development

Smart contracts have become an integral aspect of blockchain development solutions. The team you hire should understand how to develop virtual contracts that can accelerate your transactions. Before you hire the company, evaluate the type of smart contracts it develops to determine if they meet your needs.

Final Words

Evaluating a blockchain development company to hire can be a challenging task. With many developers emerging in the industry, it can be a tall order to decide the right company to work with. Here, we’ve shared actionable tips and tricks to use to evaluate the best company you can hire in the market.