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Best POS Treminals to Integrate Into Business
One way to integrate and popularize usage of cryptocurrencies in everyday transactions in physical stores of small businesses is POS Bitcoin terminals. In this article, we reviewed the top 10 bitcoin terminals that are available on the market for you to consider.
BitXATM
Most experienced traders know BitXATM very well from their ATMs and now the company behind those ATMs are entering POS terminal market. The machines do accept a very wide range of normal currencies and offer almost all coins.
Coinify
The company Coinify creates terminals for the purchase of virtual currency. The terminal accepts not only familiar dollars, but as manufacturers say, it allows you to buy bitcoins for currency from more than 200 countries.
Revel Systems
At Revel Systems POS terminals, you can buy BTC, LTC, and DOGE or exchange them back for cash. They are also known to work with the help of iPads and a scanner. Lately, terminals of the company are becoming more popular in the western part of Europe.
XBTerminal
XBTerminals are the best known for providing many options to make payment, users offered to scan a QR code or with the same terminal pay with NFC or Bluetooth. And it is very helpful for store owners since every paid coin may be instantly converted to fiat money.
BitPay
Many organizations and charities prefer using BitPay terminals for their transactions for its reliability and convenience. BitPay also released API that can be integrated to any other terminal it does work with Quickbooks system as well.
CoinBox
Some store owners may not understand the whole system of cryptocurrencies or basically lack funds to invest in another terminal. For such situations, CoinBox offers a Bitcoin wallet that works the same as many other systems that can accept money transfer as payment like Paypal. CoinBox uses very popular QRcode system for the transaction.
Blockchain Merchant
This option is very like by most store owner for having no commission fee. The main aim of the Blockchain Merchant app is to be user-friendly for beginners.
CoinKite
CoinKite is known for its terminals that are designed in very similar ways as the terminals used in normal stores. The company produces Bitcoin terminals that remind normal credit card terminals. CoinKite has a well-developed system of ATMs, terminals and bitcoin debit cards that made integrating very easy and convenient. Payment is accepted in Bitcoins but can be transferred simultaneously to fiat money.
Coin of Sale
Coin of Sale does have name sounding very similar to Point of Sale (POS) and that is not a coincidence. It is a very young start-up company with innovative technology. Store owners can download the Electrum wallet app and use it for payments. It utilizes the same QR code system as many other terminals.
PayStand
PayStand actually stands out with their 0% commission fee for the store owners for any transaction. The company normally produce credit cards terminals as well as bitcoin terminals.
CoinBase
CoinBase is well known US based cryptocurrency exchange, but the company behind the brand also offers POS bitcoin terminals for business owners. The company generally cooperate with e-commerce sites and provide them software codes that can be integrated into customers web site as well as many website building platforms like WordPress.
Blockchain and its Impact on Food and Farming
Can we track where food comes from?
There are many services and apps that allow its users to track the journey their food made before reaching them.
Whenever we step into a store to buy meat, fruit or vegetables, the packaging usually mentions which nation it came from. Some brands go the extra mile and offer stories about the conditions of the farm or harvesting land where it was cultivated.
This tracking of food is hard and sometimes, even misleading. The challenge is so extensive, it becomes impossible to track where an issue began.
But blockchain can help resolve it.
Food Security has been frightening in the past. There have been many cases such as the fatal E. coli case in Arizona in 2018. The romaine lettuce grown in Arizona killed 5 people with 35 states affected and 200 cases identified.
Moreover, in 2013, we all heard about the horsemeat scandal in Europe. The advertised items were horsemeat and not beef. It was being sold in some of the biggest grocery stores in the continent. When the scandal broke out, the blame games began. The provider blamed their providers and they blamed there’s.
Blockchain will play a key role in reducing food-related scams as consumers will be aware of what they are picking up from the shelves the second they pick it up.
Would that work?
With smart farming solutions –yes!
They will encourage productivity and handle food need. Farmers who are currently utilizing blockchain call it a game changer. Customers know that the food they are consuming ranks high in wellness standards and hygiene. In case there is a problem in production, it can be determined where it started from in less than 30 seconds.
Certified fruits and vegetables will also be made available. Certification using blockchain will ensure that no details get lost in the process and is accompanied by paper validation.
Will food costs affect the process?
With the cost of food rising continuously, many questions if this will really work in the long-run. Of course, it will help in decreasing the food costs. How?
For starters, it will reduce paper-based documentation. It will also eliminate the need for intermediaries. This would result in low transaction fees. A decentralized system will encourage small-sized farms to compete with the best corporations.
Ideas like PavoCoin offer small farmers easy access to financial services. They include smart contracts that allow farmers to pre-sell their crops, take out loans to improve crops quality to quantity and offer consumers with more info about the food they put on their plates.
Will farmers suffer due to low costs?
No, in fact, they will be paid better for the work they do. They will also enjoy guaranteed selling of their crops with a broader market to negotiate their rates.
Conversely, it will also allow big brands to justify why they charge a premium for organically-grown produce. Since consumers will easily track the provenance of the produce, they will feel confident when paying extra for a high-end product.
Final word
Supply chain inadequacies will also be minimized. Merchants and farming organizations will take note of the demand flow and supply accordingly.
Blockchain dealing with food waste and smart contract initiations will guarantee that farmers earn fairly. The government will also have ample resources to control the food wastage and distribute it equally to eradicate hunger and poverty.
What is Monero?
At the moment, Monero can be considered one of the most anonymous cryptocurrencies. At the heart of her work is the CryptoNote protocol. It has also been incorporated into products such as AEON, ByteCoin, DigitalNote. The start of the Monero launch can be considered April 2014 as a fork from ByteCoin or HE! Bitcoin The reason for the beginning of the formation of a new cryptocurrency was that the base currency had already been issued in large quantities and did not represent ample opportunities for investment. Starting the project, the developers placed in the center the safety, reliability, and privacy of all the operations.
It is worth noting that the first year of Monero turned out to be difficult. In September, hackers attempted to crack and completely destroy the cryptocurrency code and resources. However, they suffered a fiasco. The impact was reflected, and the security system was substantially reworked. In addition, it was possible to increase the speed of the network, which provided an additional convenience of work.
Monero – how was it created?
Monero was launched on April 18, 2014, and was originally called BitMonero, combining Bit (as in Bitcoin) and Monero (Moneto as“coin” in Esperanto) in the name Bit.
Unlike many network currencies, which are derivatives of Bitcoin, it is based on a protocol with the blockchain (chain blocks) obfuscation principle. This algorithm is called CryptoNote, and its modular code was highly appreciated by Bitcoin programmers, in particular, Vladimir Van der Laan.
Immediately attacked after launch, Monero recovered from an unusual and new hacker attack. Two years later, discussions appeared in financial forums: “Why is Monero growing … How to start working with Monero’s wallet … Will Monero be able to replace Bitcoin … Where to exchange better … How to invest …” What caused this interest?
Monero Digital Currency Vulnerabilities
Mining Monero, with the use of a graphics processor, is ineffective since the work requires a significant amount of memory approximately 8 times the size required for Bitcoin operations.
The anonymity of transfers to Monero does not yet have a 100% guarantee. Hypothetically, an attacker who managed to capture most of the network could gain control over some transactions.
How to mine Monero?
The CryptoNight Monero algorithm is designed to support viable mining by a computer processor, although at the current stage mining with a video card is the only profitable method.
There is no specialized ASIC hardware for mining. The mining algorithm itself is actively using AES or Randal (Rijndael) – a symmetric block encryption method for microprocessors.
Resources with aggressive advertising, vivid design, and promise of high rewards should be avoided. These “pools” by 110% are HYIPs and have nothing to do with digital mining.
Creating a virtual wallet
A running wallet form will appear in the running program. After entering and confirming the password, the new wallet is synchronized with the blockchain. It is suitable not only for this cryptocurrency but also for testing the program.
Most of its options are similar to other cryptosystem wallets, but there are some differences. So, when you make a payment, a large amount will be removed from the balance, then it will be corrected to the correct values.
You can replenish your wallet by receiving money from other people, exchanging or buying cryptocurrencies on the stock exchange. The address of the wallet can be provided to any person. In secret, you must keep the password to enter the system. It is possible to restore the wallet with the help of a specially created phrase of 24 English words, it must be saved and used, if necessary.
Factors will influence the price of Monero in the future.
List of suppliers of goods and services using Monero for calculations. Remembering that the stunning growth of the cryptocurrency rate in 2016 coincided with its adoption by the AppStore for calculations, such plans of other major electronic players will be a positive signal of Monero’s price changes. Currently, the currency is more used for exchange operations with crypto money.
The advantage over Bitcoin in terms of anonymity must be confirmed by time. The upcoming upgrade in September 2017 may attract new interest in the currency; perhaps, some participants in the e-commerce market are expecting this event. Maximalists, devoted to Bitcoin, expect Monero to be retrained as the father of all cryptocurrencies. Monero developers probably have other ideas.
Even succeeding as an economic tool and retaining competitiveness with Bitcoin, Monero may still not have enough of the existing issue to fully participate in crypto commerce, which would limit its acceptance for calculations.
What Is Ether?
The fact that you want to know about ether means that you are interested in cryptocurrency and that you are committed to knowing more about it. By definition, Ether belongs to the Ethereum platform. It refers to the cryptocurrency token that is traded on the platform. Apart from being a token, Ether functions as the fuel which DApps developers that are created on the platform use.
To make the analogy simple, Ether is synonymous to the fiat money that is used to make purchases on the internet. Just that Ethereum makes use of Ether as a currency. The nature of the platform has somewhat made Ether more engaging than Bitcoin is.
What are the facts?
An article that was published by the
The bitcoin is not designed to function as a currency unit on a peer-peer network. Conversely, Ether serves as the gas that keeps the Ethereum platform operational.
How does ether work
Before smart deals can be executed on the blockchain, smart contracts optimization and other such connectivity need to be implemented. To do this, the system needs to source for computational analysis to aid the execution of the smart contracts. This is where Ether is the most useful. Ether serve as a fuel that allows a smooth implementation of these processes. Ether is capable of providing an implementation for multiple systems. These are referred to as nodes and they attest the various blocks that exist on the Ethereum platform. These nodes are responsible for implementing any change to the Ethereum blockchain. It should be noted that any change that is made on the Ethereum platform cost Ether (the fuel) and with every block certification, 5 Ethers are credited to every successful node.
The system is responsible for producing a block every 15-17 seconds. Additionally, certain nodes are capable of implementing solutions to different block problems. When this takes place, the network gifts the node with about 2-3 Ethers.
Let’s share some light on some questions that might be lingering in your hearts.
Define Gas: To make use of Gas, you have to determine the cost and amount of ether and various modifications that need to be made. To help you grasp this idea easily, think of it as the GAS that keeps your auto-mobiles going. Similarly, GAS is what keeps the Ethereum platform functional and it differs based on the operation at hand.
Define ERC-20?
As discusses earlier, the Ethereum network is important in the expansion of all cryptocurrency token and DApps. The ERC-20 refers to a technical condition that is essential for smart contract implementation on the Ethereum platform for realizing tokens. The complaint tokens can be customized to answer to different names. This is why initial coin offers make use of the Ethereum blockchain for implementing their DApps and token sale during the early stages of their projects.
This simple analogy can be used to clarify the difference between ERC-20 and Ether. Picture a scenario where you can use Ether to purchase an app from the store. Upon getting home, you launch the app and there are some in-app purchases which you can buy with (ERC-20) in-app tokens. So Ether allows you to make the initial purchase but ERC-20 allows you to make sub purchases.
Is there a limit to the supply of Ether?
This question is another major source of distinction between Ether and Bitcoin. Bitcoin has a maximum supply of about 21 million tokens. Ether von the other hand can reach a supply of over 60 million. This was demonstrated in 2014 when various investors bought about 60 million Ethers by way of Ethereum initial coin offer. 12 million out of these went to the research study group of the Ethereum foundation.
Can Ether avert inflation?
This feature is one of the few things that Ether and bitcoin have in common. Both are available in large supply, and as a result, can be quite capable of preventing inflation.
Ever heard of disinflationary token? That is what Ether is. Every year, new Ethers are created, however, the old ones are lost as a result of account owner’s death, forgotten password, or loss of interest in an existing account. To tackle this, Ether strives to bridge the gap between the old, the lost, and the new tokens. Some have argued that by 2140, Ether would stop being deflationary and bitcoin would have released its last token.
