To skeptics, the stock market has been partying lately like it’s 1999.

Back then companies that put a dot-com in their names saw overnight double-digit percentage gains. These days it is blockchain or bitcoin.

Now add another worrying sign: Investors already had been paying a big premium for the only direct stock market exposure to bitcoin, Grayscale’s Bitcoin Investment Trust. One unit was worth .0919 Bitcoin, making it hard to know exactly what you were getting. On Monday, Grayscale made it easier with a 91 for one split. That made each unit worth roughly one-thousandth of a bitcoin. The mathematically challenged could simply slice three zeroes off of bitcoin’s price.

That should have helped better match the value of the units with the value of the bitcoin in the trust, but apparently not. A stock split creates no value, but investors bid up Grayscale units by 16.2%, pushing the premium over the actual value of the bitcoins in the trust to more than 60%. Party on.

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Cryptojackers have been hijacking YouTube ads to harness viewers computer processing power in order to mine digital currencies, in this case, Monero. The issue was reported by technology publication and science Ars Technica after people took to social media to report that antivirus programs had detected cryptocurrency malware on YouTube. 

Attackers abused Google’s DoubleClick, which develops and provides internet ad serving services for traffic distribution. According to data from the Trend Micro Smart Protection Network, affected countries include Japan, France, Taiwan, Italy, and Spain. Google has now blocked the ads from being displayed on YouTube.

Unfortunately, most victims are unaware of what is going on – the process is carried out secretly without users having the opportunity to opt out. Even though a download isn’t required, hackers devised an approach where cryptojacking can continue even after users close the tab itself. And unfortunately, since it is a relatively new concept, hackers can innovate, changing their methods in an attempt to continue their devious plan.

90% of the time, the malicious adverts would launch a miner called Coinhive, and in the other 10% of cases a private web miner would be used. Each would covertly use up 80% of victims’ computer processing power for mining, resulting in the machine running much, much slower than normal. These recent ads have helped drive up the volume of cryptojacking incidents involving Coinhive by almost 285%.

“Mining cryptocurrency through ads is a relatively new form of abuse that violates our policies and one that we’ve been monitoring actively,” a Google spokesperson told The Independent“We enforce our policies through a multi-layered detection system across our platforms which we update as new threats emerge. In this case, the ads were blocked in less than two hours and the malicious actors were quickly removed from our platforms.”

Despite these claims from Google that the process is “relatively new,” cryptojacking has become increasingly popular over the years —  and YouTube’s ad problem was not an isolated incident. Research has shown that in the top 3 million websites, 2,500 are running a form of cryptojacking software, consuming users’ processing power without their knowledge or consent.

The post Malicious YouTube Ads Secretly Used By Cryptojackers To Mine Cryptocurrencies appeared first on NewsBTC.

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The crypto world, with all its freedom, risks and rewards, seems like something out of a western. Within this wild west-like world, see seeing a company committed to transparency and accountability to its community is a rare treat. But there are some who do it.


If you missed the news, Cointed (a major crypto ATM provider and exchange) has just released its Transparency report. In it, you can find everything about their company structure, ownership as well as get the details surrounding their different businesses.

Here, we’ll highlight the things you MUST check out from the report. If you want to learn about the company structure and ownership, check out this article.

Want to learn more about Cointed and the future of money? Check out our full profile of one of the hottest crypto players out there!

Crypto ATMs

Cointed own a total of 120 crypto ATMs located in Austria, Italy, Hungary, Spain, Lichtenstein, Bangkok. They have two models: a One-Way and a Two-Way machine.

One way devices are mostly produced by ex-partner company General Bytes and the second are in-house developed.

Around 90 of them are one-way and are produced by partnering companies. The remaining are model X. Cointed is overhauling their already established network by gradually replacing their one-way machines with the proprietary two-way model X.

Also, the team is working on nine new prototype machines.

If you are among those worried about the beef with General Bytes, in the report you can find attached all of the documentation surrounding this partnership and have your own take on the situation.

Online Exchange

Currently, the Cointed exchange has more than 25.000 registered users and since October their revenue is doubling every month.

10 doesn’t sound like a lot, but for an exchange that operates with fiat money, it is pretty impressive. Coinbase, one of the largest fiat crypto exchanges offers only 3 different types.

Three different fiat currencies are accepted: Euros, US dollars, and Swiss Francs. Soon, Turkish lira will be accepted too. Clients also get to choose from 4 different paying methods: card, wire transfer, PayPal or MoneyGram.

Note that all clients undergo Know Your Customer processes and must verify their identity to use the exchange.

Attached you can find the provisional profit or loss account and preliminary balance sheet, both created by Deloitte Austria.

Green Mining

You’ve heard the news on how mining is VERY energy consuming.

For Cointed, it wasn’t news, though. They’ve been working on green mining from the go.

They offer two types of mining contracts. The first option is: you buy the hardware, and Cointed brings it to you. Second option: buy the equipment but leave it at Cointed’s vast green mining facility in Sweden.

Why leave it at Cointed’s? For a small hosting fee, you get full maintenance and support, while also enjoying the cheap renewable energy the plant uses. It’s like leaving your car at the mechanic and still being able to drive it to work.

Graphic Card Suppliers Nvidia is known for their closed development process when it comes to their GPUs design.

However, for business clients, they provide the option for customization. The report includes documentation of the deal, like invoices, order initiation and the non-disclosure agreement (NDA) between the two companies.

Currently, we cannot share details about these cards’ specs. The specific aspects and capabilities of this card are a product of extensive research and development, this is why Cointed and Nvidia decided not share them.

The design of the GPUs will be optimized for mining. Also, specifications and all hardware aspects are designed to work together with Cointed’s proprietary software, customized cases, and rigs.

Sapphire is the second of Cointed’s GPU suppliers. They are providing 10,000 Radeon RX 470 Mining Quad UEFI 4GB. More than 3,000 of these are already operating at Cointed’s facility.

The documents surrounding these deals, like invoices, specifications of the Unity Miner, and the hosting agreement are all in the report.

PayCo

PayCo is a payment interface that can be integrated into POS and other payment processing systems. The biggest perk of this product is that it allows the immediate exchange of the payment from crypto to fiat.

This lets the client pay with bitcoin and merchants receive USD or any other of the currencies that the Cointed online exchange supports. Of course, merchants may choose to receive the payment in crypto too.

Currently, the interface is still in beta phase. Cointed is aiming to release it to the public by Q2/2018.

Cointed’s project truly stands out in the field of ICOs.

Their commitment to accountability to their community is commendable and rare in the crypto field. So, do not miss out on your chance to become part of the future of money. The token will be listed on an exchange and we will soon update you with the details.

Only a month left from the ICO! Do not miss out on Cointed and also on the hottest Bitcoin News!


Images courtesy of Cointed

The post Cointed: The Hottest Crypto ATM Provider Shares It All appeared first on Bitcoinist.com.

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South Korean Court Rules Bitcoin Has Economic Value

A South Korean court has ruled that bitcoin has an economic value for the first time. This overturned an earlier court ruling which did not recognize the digital currency. The case involves the confiscation of 191 bitcoins.

Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies

Bitcoin’s Status Re-Examined

The Suwon District Court in South Korea has, for the first time, recognized that bitcoin has an economic value and can be confiscated, local media reported on Tuesday.

South Korean Court Rules Bitcoin Has Economic ValueThe ruling concerns the case involving Ahn who was arrested in May of last year and convicted of operating an illegal pornography site with approximately 1.2 million members. Ahn pocketed 1.9 billion won (~USD$1.78 million) in membership fees. While arresting him, the Southern Gyeonggi Provincial Police Agency confiscated his 216 bitcoins from an online wallet which received some fees from the site.

In September of last year, the court did not recognize bitcoin and ruled that it could not be confiscated, as news.Bitcoin.com previously reported. An official from the court explained that they did not judge bitcoin to have any economic value because it is “in the form of electronic files without physical entities, unlike cash.”

Landmark Court Ruling on Bitcoin

South Korean Court Rules Bitcoin Has Economic ValueFollowing the first ruling, the prosecutor appealed in December to the court for the ability to confiscate bitcoins. The second hearing was held recently.

In the second hearing, the court found that “The crime profit concealment law does not restrict the criminal income to the goods but the cash, the deposit, the stock, and other property with economic value,” Chosun reported and further quoted the court explaining:

Bitcoin can be changed into money through an exchange. It can be used as a means of payment through merchants, so it should be regarded as having economic value.

The court subsequently ruled that “Among the 216 bitcoins confiscated by the prosecution, Ahn’s 191 bitcoins” were traced to email addresses of the pornography site members, so they are “recognized as criminal proceeds from the operation of the site.”

Since Ahn’s arrest in April, the price of bitcoin has risen significantly. The 191 bitcoins are worth approximately 2.13 billion won (~$2 million) at the time of this writing based on bitcoin’s price on Bithumb, one of the country’s largest cryptocurrency exchanges.

South Korean Court Rules Bitcoin Has Economic Value

Maekyung quoted a lawyer explaining:

The recognition of virtual currency as an object of forfeiture means that it will be transferred to the national treasury and used as a national budget.

What do you think of the new court’s ruling? Let us know in the comments section below.


Images courtesy of Shutterstock and Bithumb.


Need to calculate your bitcoin holdings? Check our tools section.

The post South Korean Court Rules Bitcoin Has Economic Value appeared first on Bitcoin News.

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Altcoin exchanges have been a hot topic recently. Top exchanges earned tens or even hundreds of millions of dollars in 2017, despite users of virtually all exchanges running into frequent and significant problems. Such a huge market, combined with the lackluster nature of top providers, creates a prime opportunity for new exchanges to enter the market and potentially grow on the scale of magnitudes.

For individuals looking for a slice of the pie, KuCoin Shares (KCS) provides an interesting opportunity. KCS is the fuel behind the KuCoin exchange, a new and quickly growing altcoin exchange striving to rival major players such as Binance. The Hong Kong-based exchange officially launched on September 15 and has already grown to be the 17th most active cryptocurrency exchange by volume, recording over US$150 million in transactions in the past 24 hours alone.

KuCoin Shares were initially distributed through a private sale and an ICO as a means of funding the development and growth of the exchange. Like Binance’s token (BNB), KCS can be used to pay trading fees, and doing so rewards users with a significant discount. Unlike Binance Coin, however, KuCoin provides immense value to its KuCoin Shares by sharing 50% of all trading fees with all KCS holders.

KCS is subject to daily dividends, with half of the fees being split among all circulating KCS, which will never exceed 100 million KCS (91 million are currently in circulation). As KuCoin charges fees in the currency being traded, KCS holders will passively accumulate a stack of all coins being traded. Such a portfolio could potentially pay off massively if KuCoin were to achieve a status similar to that of Binance, as the latter’s coins have recently outperformed the overall cryptocurrency market since the exchange amassed huge popularity.

KuCoin Shares is currently trading at US$8.00, with a market cap of over US$727 million – currently the 40th largest listed on CoinMarketCap. At current volume and share prices, each KCS yields an estimated daily return of .02%, which works out to under 8% yearly. While this is not a huge amount, if the exchange were to grow to the size of Binance, that number would be closer to 100% yearly. Of course, this does not account for the inevitable price appreciation of the KCS token itself. Additionally, if exchange volumes as a whole grow at even a fraction of the rate they did in 2017, it is likely that the daily rate of return will naturally appreciate over time.

Another great feature of KCS is its buyback and burn program. Every quarter, KuCoin will use 10% of its profits to purchase and burn KuCoin Shares. This program will continue each quarter that KuCoin is profitable until 100 million of the 200 million coins in the total supply have been burned.

Skepticism

Very recently, there have been issues with the aforementioned daily dividends. Speculators suggest that actual dividends are not paying out as highly as they should be. Supporters of the exchange argue that KuCoin has been growing very rapidly, and there are naturally some growing pains. Any current issues, like ones that emerged in the past, will be addressed and corrected by the team. Another major point of skepticism concerns future dividends. While dividends will never be removed, there are many rumors suggesting that the percentage of fees shared with KCS holders will be reduced from 50% to 15% in either March or April, when the 50% rate is no longer assured.

Regardless, KuCoin as an exchange has been growing at an impressive rate. Many investors are looking to earn a share of the massive profits achieved by cryptocurrency exchanges, and the dividend system provides a huge opportunity for speculators that anticipate exchanges to grow to handle much more activity and volume than what is currently possible. Investors who are bullish on these types of coins may also be interested in COSS, a much smaller coin that also grants regular dividends tied to trading fees from its exchange, Coss.io, to holders.

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Harunustaspor, a Turkish amateur football team, just bought a player using bitcoin.


The Bitcoin space might be struggling from a price and a sentiment perspective right now but that hasn’t stopped the flow of quirky news that’s become prevalent over the last six months or so, as the cryptocurrency and blockchain spaces have moved out from under the radar and into the mainstream.

The latest report of this type has come out of Turkey, which (as many reading will likely already be aware) has had something of a turbulent relationship with cryptocurrency over the last few months.

The BBC reported today that a Turkish football (soccer, for our North American friends) club has signed a new player using bitcoin.

At the top tier of football in Europe, when a club says they have acquired a new player through purchase or transfer, it normally means that the club in question has paid another club for the player that’s being transferred.

That’s not the case here, however.

We’re talking lower league teams – specifically, the Turkish amateur league – and the transfer and acquisition fee refers to the club having paid the player the funds in an attempt (and, as it seems, a successful one) to get him to join the ranks.

Specifically, the team is called Harunustaspor and the player who has been bought is a 22-year old footballer named Omer Faruk Kıroglu.

A Combination Of BTC And Fiat

As per the reports, Kıroglu has picked up 0.0524 BTC (which amounts to a little over $520 at current pricing) and 2,500 Turkish lira (around $665 right now) to join the club, which competes in the Turkish Sakarya First Division Group B.

And the club hasn’t been coy about the justification for the decision to pay BTC for Kıroglu.

Here’s what club chairman, Haldun Sehit, said about the move:

We did it to make a name for ourselves in the country and the world.

And, to give credit where credit is due, it’s working.

The news is being reported across the globe through numerous top-tier outlets and is likely introducing not just this team, but the league in which it plays, to a brand new global audience.

Whether Harunustaspor will pick up any new fans on the back of its dabble with bitcoin remains to be seen.

Do you know this team? Does crypto have a place in sport? Let us know below!


Image courtesy of Wikimedia Commons

The post Turkish Football Team Buys Player With Bitcoin appeared first on Bitcoinist.com.

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Bitcoin fees are low right now

The relatively high transaction fees on the Bitcoin network were a major topic of conversation last year, but these fees have been plummeting so far in 2018. According to data from CoinMetrics, bitcoin miners are now collecting less than a third of the value they were collecting in fees at one point in December 2017.

So what’s causing this decline in the costs of on-chain transactions? Is it as simple as declining demand leading to a lower price? Are there other factors at play? Let’s take a closer look.

The Simple Explanation for Lower Fees

In 2017, the congestion on the Bitcoin blockchain led to a bidding war over block space, especially as speculative interest in bitcoin continued to rise over the course of the year.

According to CoinMetrics, bitcoin transaction fees started 2017 at an average of $0.30, but they eventually peaked at over $40 in December. As the price tripled during a month-long stretch from mid-November to mid-December, those who were purchasing bitcoin for the first time simply did not care about how much they were paying in on-chain transaction fees.

coinmetrics1

This chart from CoinMetrics shows the bitcoin price and average transaction fee.

As the speculative frenzy around the bitcoin asset has calmed a bit in 2018, the number of transactions broadcast to the Bitcoin network has also declined. According to data from Blockchain, the number of transactions added to the mempool per second has declined by nearly 50 percent from the December highs.

tx rate

The number of transactions added to the mempool per second is at the same levels as May 2016. Data via Blockchain.info.

It’s possible that bitcoin fees are now lower simply because the FOMO around getting some bitcoin before the price goes to the moon has subsided, leading to a decline in demand for block space.

Since transaction fees are denominated in bitcoin, a falling bitcoin price can also mean a decrease in U.S.-dollar denominated transaction fees.

coinmetrics2

This chart from CoinMetrics shows the level of correlation between transaction fees denominated in bitcoin and U.S. dollars.

Other Factors at Play?

Although the reasoning behind the drop in transaction fees seems pretty straightforward, there could also be other factors at play.

One explanation that has been floated on social media is that a large amount of new hashing power has come online, which has increased the frequency at which blocks are found. This would effectively increase the capacity of the network.

The average number of blocks mined per day should be around 144, based on the 10-minute block time target, but around 164 blocks were mined per day in the month of January 2018. However, this is not a new phenomenon.

As BitGo engineer Mark Erhardt recently pointed out on Twitter, Bitcoin has long operated at a rate faster than 10 blocks per minute due to the fact that adjustments to the mining difficulty are only made every two weeks. As more hashpower is added to the Bitcoin network during nearly every difficulty adjustment period, the pace at which blocks are mined increases until the difficulty is eventually readjusted once again.

Having said that, the 164 blocks per day number from January 2018 is a bit more than normal, and 162 blocks were mined per day in December 2017 as well. For 2017 as a whole, the average number of blocks mined per day was around 153, which is near the historical average per day.

So, if an extra 10 blocks were being mined per day in December 2017 and January 2018 (as compared to the all-time average), then there was effectively an increase in the supply of block space by more than 600MB over that time, as blocks have been a little over 1MB in size each.

In addition to the increased supply of block space by way of more blocks mined on a daily basis, there have also been a number of efficiency improvements enabled in terms of how the blockchain is used by those who wish to create transactions. Bitcoin writer and researcher David Harding recently wrote on this topic on the Bitcoin Wiki. Some methods of cutting down on transactions fees mentioned by Harding included transaction batching, Segregated Witness (SegWit), dynamic fee estimation and UTXO consolidation.

Transaction batching is when a payment is sent to multiple recipients via one on-chain transaction. Data made available by outputs.today appears to show an increase in the use of batching over the course of 2017, including an noticable increase starting in late November 2017.

Another article written by Harding indicates this technique could enable transaction fee savings of up to 80 percent.

Another way to lower transaction fees for everyone is to use SegWit, which is a soft fork that has enabled an increase to the block size limit (and thus the supply of block space). That increase to the block size limit is only enabled if users take advantage of the feature. At press time, around 14 percent of transactions were using SegWit.

While there was an increase in SegWit transactions over the weekend, this appears to have been caused by users taking advantage of the currently low fees to move their funds to SegWit addresses.

In addition to batching and SegWit, other methods of using the blockchain more efficiently, such as UTXO consolidation and dynamic fee estimation, may also be leading to generally lower transaction fees.

Some Bitcoin Wallets Haven’t Gotten the Memo

While fees paid on the network have clearly declined, some bitcoin wallets have not taken advantage of the new state of the transaction fee market.

Relatively new website transactionfee.info allows bitcoin users to check the price efficiency of any recent transaction. Users of the site can also let others know which wallet, exchange or other bitcoin service was used to generate the transaction. This allows visitors to get a better idea of which services are best at estimating an efficient transaction fee price.

On the homepage, digital asset brokerage Coinbase is often listen as a sender of transactions that could have been sent for an 80 to 90 percent lower fee.

According to the site, other bitcoin services that routinely use much larger fees than what is necessary include ShapeShift, Xapo, Electrum and Gemini.

Coinbase has received some criticism due to the fact that the extremely popular bitcoin custodian has not implemented batching or SegWit. Having said that, Coinbase CEO Brian Armstrong recently tweeted that the company is working on both methods of lowering fees for their customers.

Putting all of this information together, it becomes easier to understand why bitcoin transaction fees have been falling so quickly this year. However, the large number of different variables at play make it difficult to say there is one reason that fees have declined. As these variables change again in the future, fees could rise rather quickly once again.


This article originally appeared on Bitcoin Magazine.

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TheMerkle UAE Sustainable City

A lot of interesting things are happening in the United Arab Emirates as we speak. Perhaps the biggest project to date is a completely new city which is home to driverless cars, greenhouses, and villas powered by solar energy. The current cost of building this new city comes to $354 million, although that number may increase in the future. This radical venture has already attracted a lot of positive attention.

A Completely Different Kind of City

It almost appears as if the UAE is trying to make amends for being one of the world’s largest oil producers. In reality, its production of oil is not the problem, but rather the amount of greenhouse gases the country has emitted over the past few decades. Indeed, the government has acknowledged it is time for some big changes, and they are more than willing to put up a lot of money for specific projects. This is just the latest step in the country’s mission to become a cleaner nation in general.

These past few years, the UAE’s government has attempted to lower the nation’s dependency on fossil fuels. There is a growing focus on developing environmentally-friendly sources of energy. This shift will not be easy, but the UAE may very well be in the best position to make big things happen. While its latest venture may not necessarily become a big success right away, it is evident there are some exciting opportunities to explore.  

More specifically, a company called Diamond Developers is working on one of the largest projects in this area to date. It is in the process of building a completely new city 18 miles outside of Dubai’s city center. Unlike any other city in the world today, this new location will produce more energy than it consumes. As such, it has been dubbed a “Sustainable City”, and will set the government back a whopping $354 million. If all goes according to plan, construction of the city and its infrastructure should be complete by 2019.

What makes this Sustainable City so appealing is how it will only produce clean and renewable energy. There will be a very strong focus on solar energy, with solar panels on every villa in the city itself. Moreover, there will be various greenhouses throughout the city, which should help out a lot as well. Last but not least, the city will gladly embrace driverless cars, a technology which is quickly becoming popular all over the world. It is unclear if they will be powered by electricity or another environmentally-friendly fuel.

Construction of the Sustainable City began back in 2013. Constructing a 113-acre city in a place where no services were present beforehand has been a challenge, but things are progressing nicely. Even though the city focuses on driverless cars, most of the neighborhoods will be completely car-free at all times. Many residents will take electric-powered public transport. Horse-drawn buggies are another option for those who prefer a more scenic journey. Every homeowner will get a free electric golf cart or a $10,000 subsidy toward buying a vehicle that meets the city’s guidelines.

The first part of the UAE’s Sustainable City is already in place. 500 villas and 89 apartment buildings have been erected already. There’s also plenty of office and retail space capable of turning this city into a bustling hub of activity. During the ongoing second phase of construction, contractors will build a school, a mosque, a museum, and a mall. With homes starting at “just” $1 million, there seems to be genuine interest in what the UAE attempts to achieve in this location.

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If you are looking to get into the cryptocurrency mining game or you have a special project that requires additional hashing power, Rent A Hash is the kind of service you are looking for. 


Rent A Hash is a professional mining platform that allows you to rent hashing power as it becomes available on the platform for the period of time you need to achieve your goals. You will not have to deal with setting up rigs, importing machines or GPU cards, renting and maintaining warehouses, securing the site or paying the bills. You can get all the advantages of having a rig without the work involved with a reliable hash power supplier.

How Does Rent A Hash Work?

If you are looking to rent a rig, here is how Rent A Hash works:

  • Open your account at https://rentahash.io/
  • Login and start looking for the kind of rig you would like to rent from the list.
  • You can organize your search according to several categories, including speed, price per day and price per GH per day.
  • Once you select the rig you want to rent, the platform makes it easy for you to pay the fees and start getting your returns.

Quick Payments, Low Fees

Beyond the logistics, the technical know-how and the upkeep work you will avoid by renting a rig, Rent A Hash is an excellent entry point for anyone who wants to get started in mining because its prices are low. Fees are also low, since Rent A Hash used Bitcoin Cash for its payments. The use of BCH also means that payments will go through quickly.

Security and Scalability

Rent A Hash is also focused on keeping your funds safe. All the funds are kept in cold storage, making Rent A Hash exponentially safer than its competitors. Additionally, the Rent A Hash platform was designed to scale operations up as soon as more rigs are available for rent and demand for rigs goes up.

So, if you are looking to experiment, you want to get into the mining game or you have a large project that requires a lot of mining power, Rent A Hash is a great option to get what you want without a hassle. Visit our site, take a look at all the options, find the one that fits your needs, register and start mining with Rent A Hash.


Images courtesy of Rent A Hash

The post Rent A Rig And Mine Any Coin You Want With Rent A Hash appeared first on Bitcoinist.com.

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BCShop.io Aids Ethereum Business Adoption

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release.

Blockchain revolution is happening. Sure, we are in first days yet, in “stone age” of cryptocurrency. Nevertheless, practical business solutions are already emerging. One of the most known and functional is Ethereum blockchain.

Ethereum not only enables online payments; it is also capable of running any decentralized application’s programming code. As such, it can greatly help businesses by making transactions more efficient. Here are some of the ways it does so:

Ethereum ensures data security and accuracy

Ethereum keeps business transactions secure as they are encrypted and employed in a closed peer-to-peer system. This ensures that they are protected from fraud, theft, and privacy violations.

In addition, Ethereum provides a system for the accurate maintenance of records. It prevents them from being modified after they are added to the ledger and it adds a timestamp, making the ledger more reliable and accurate than databases and spreadsheets. This in turn enables the company to earn the trust of both their employees and clients.

Ethereum makes it easier for businesses to increase their reach

With Ethereum, businesses are able to save on the costs incurred from sending and receiving payments from other countries. They are also able to minimize the delays that are usually experienced with international transactions, in turn making more people and companies want to work with them.

Ethereum makes it easier to form agreements

Unlike traditional contracts that must be notarized, Ethereum enables the creation of smart contracts without the need for middlemen. These smart contracts define and enforce the terms and penalties that come with the agreement.

How to Integrate Cryptocurrency Payments into Your Business

There are indeed many benefits to enabling cryptocurrency payments into your business. It ensures that your transactions are kept secure and accurate. It allows you to save on costs, particularly when making or receiving payments from other countries, as well as on the costs incurred from middlemen. In addition, it enables you to create smart contracts, which helps ensure the enforcement of business agreements, in turn preventing business conflicts. In summary, cryptocurrency use can help you provide better customer service and can give you a competitive advantage.

There are many platforms that will allow you to integrate cryptocurrency payments into your business. You just need to sign up for a merchant account at your chosen cryptocurrency wallet. However, the manner by which businesses use cryptocurrencies today tend to inconvenience users. The underlying issues can be easily improved, though, and this is what BCShop.io offers.

BCShop.io is an innovative platform for e-commerce and e-payments where one can offer products and services in exchange for cryptocurrencies: Ethereum and tokens. It also provides an easy-to-use interface so that even cryptocurrency newbies will have no difficulty learning about and using the platform.

If you want to try and get a feel of using Ethereum payments for your business, then you can do so at public testnet version: https://testnet.bcshop.io/ for free. As an example, several business cases were already implemented, bitcoin.com and ICOAlert.com are worth to mention among others. For more information, visit https://bcshop.io/.

Contact Email Address
32mve32@gmail.com
Supporting Link
https://bcshop.io/

This is a paid press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

The post PR: BCShop.io Aids Ethereum Business Adoption appeared first on Bitcoin News.

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