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Security Tokens
Many financial analysts criticize cryptocurrencies due to the lack of their intrinsic value. To counter this criticism, many exchange firms introduced stable coins. Stable coins are nothing but tokens with some value attached to it. The asset for the cryptocurrency token can be anything such as diamonds, land or even gold. The value of the asset is what makes these tokens secure and stable –thus stable coins. The value of the asset guarantees its security. Any individual with a security token can be referred to as the owner of the asset.
Security Token Exchanges
Every owner of the cryptocurrency, be it Bitcoin, Ripple, Litecoin, or Ethereum has made a trade at least once. The trade happens on any one of the many exchanges. Sadly, there still aren’t many trades dealing in security tokens.
But there are few and in this article, we shall briefly review some prominent and upcoming security token exchanges.
BankToTheFuture (BTF)
This is a security token investment policy currently open for professional traders only. In order to become a member of the BTF, the individual must earn over $200,000 per annum. The individual must also invest $1,000 upon joining,
Bancor
It is the company that makes cryptocurrency exchanges thinkable. It is behind the Smart Token protocol which leads the way for the trading of security tokens. It also has its very own BNT token cryptocurrency.
tZero
This platform is owned and operated by Overstock. The company is also partners with Polymath, ensuring its customers of a legal framework. The company has also introduced its TZRO cryptocurrency tokes.
Gibraltar Stock Exchange
GSX for short, it is a systematic stock exchange firm on Gibraltar. It is expected that the company will launch its Gibraltar Blockchain Exchange this year. It will allow users to trade security tokens.
Australian Securities Exchange
Short for ASX, it plans to introduce a security token platform soon like Gibraltar Stock Exchange. As per officials, the platform will not be ready until 2021.
London Stock Exchange
This exchange firm will also be joining the security token space in 2019. The company is collaborating with multiple other fintech firms such as the Nivaru and 20|30 along with the Financial Conduct Authority.
Templum
Templum is also a US-based exchange firm. To facilitate security token trade, they have acquired Liquid M. Capital. It is expected that the company will join the security token market in the next year.
Coinbase
It is expected that Coinbase will also be joining the security token market in the mid of 2019. It is a US-based exchange firm and a favorite among the masses. To trade in security tokens, the company bought three other firms –Keystone Capital Corp, Venovate Marketplace Inc., and Digital Wealth LLC.
SharesPost
SharesPost is another prominent shares and trading firm which deals in digital private equity secondaries. They have a wide network of investors and companies and are planning to introduce a security token platform.
SIX Swiss Exchange
It is one of the most prominent stock exchanges with its headquarters based in Switzerland. The company has announced that they shall soon be launching their security tokens by the name of SIX Digital Exchange.
Malta Stock Exchange
Known as the blockchain island, Malta’s Stock Exchange is all set to get into the security token space. It has partnered with Neufund to introduce its own security token for trading in the next year.
Hard Fork vs. Soft Fork: Understanding the Difference
Any cryptocurrency enthusiast must have come across the two terms hard fork and soft fork at least once. They are frequently used and often synonymously by users in the cryptocurrency space. The innovation blockchain that is the core of cryptocurrencies is a type of dispersed ledger consisting of ever-mounting blocks of data, forming a chain. Since cryptocurrencies follow decentralized approaches, the users have to abide by a set of rules in order to confirm their transactions and to keep a consensus.
What is a Fork?
A fork happens when blockchains split in half because of the split in the record or in a modification. Forks takes place when there when more than one miner comes across a similar t block causing a dual split chain. When such a division occurs in the protocol due to change in guidelines, it indicates a modification in the basic codes by the designers. These splits are permanent in nature and can’t be undone.
To understand the procedure in greater depth and also what happens when a fork occurs, we must take a look at both hard and soft forks. A basic grasp of the two will allow us to form a distinction between the two and stop using the words synonymously.
Hard Fork vs. Soft Fork –Identifying the differences
Hard forks symbolizes a long-term deviation in a blockchain. These occur when a non-upgraded node seizes its operations and looks for confirmation regarding any modification made by an updated node.
Conversely, soft forks are short-term deviations in the blockchain. They typically occur when non-graded nodes seize their operations in order to follow new consensus rules.
Hard Forks
A hard fork characterizes a permanent and time-consuming modification from previous blockchain variations. In a layman’s terms, a hard fork is a lot like an application upgrade. Hard forks occurs when the software rejects an earlier version because of incompatibility due to the upgrade.
Soft Forks
Alternatively, soft forks are approaches to update blockchain. Although very old, they are still suitable. Simply put, soft forks are application upgrades, backward-compatible with previous versions of the application. Soft forks don’t need nodes to maintain or update a consensus within the network. This is because soft forks follow an earlier set of consensus guidelines as well as new ones.
Whenever a soft fork happens, nodes that produce blocks and follow an older consensus set breach the new consensus guidelines. To ensure a soft fork works fine, most of the miners must not only recognize the unique consensus set but also implement it within the network.
Final Word
These were some of the major differences between hard forks and soft forks. A true cryptocurrency enthusiast will easily differentiate between the two. When blockchain states are in consideration, users must always achieve a consensus. A basic knowledge about hard and soft fork will make investing better. This know-how will assist in mentoring the user to opt for the best option when trying to reap the most benefits.
Bitcoin vs. Bitcoin Cash: What Should You Invest In?
With the growing popularity of Bitcoin, the number of users and the number of transactions conducted increased every year. Against this background, the main problem of cryptocurrency became increasingly noticeable – a limited block size of 1 MB. Until 2017, there was the talk of increasing this parameter, but the matter did not go beyond proposals. Users complained about delays in conducting transactions, which were often delayed for a day or even several days.
Many solutions were proposed, one of which was a commission increase. This approach solves the problem with the speed of operations but leads to high costs for network participants. Not surprisingly, the emergence of the Bitcoin Cash fork on August 1, 2017, was supported by the majority of the cryptocurrency community. At the same time, BTC users were divided into two groups – some remained loyal to Bitcoin, while others switched to Bitcoin Cash. What are the features of cryptocurrency? What is more profitable to mine – BTC or BTH? These and other questions will be discussed below.
What is the difference between Bitcoin Cash and Bitcoin?
The developers of the technology believe that the main value of Bitcoin is in itself. SegWit is said to be reliable for shipments. Another advantage is a very strong team, which, among other things, is responsible for the main Bitcoin clients.
The main advantage of Bitcoin Cash is “fast” transactions. Block size increased to 8MB. Because of this, the commissions remain at early levels of cryptocurrency development – up to $ 0.1. The developers at the moment have not solved the problem of the unreliability of shipments, but they have a plan for how to achieve this.
Bitcoin investment
No cryptocurrency can replace Bitcoin. This is the main source of income for crypto traders, the main object of investment. There are no alternatives to the cue ball, so investing in this cryptocurrency is profitable. It is not even about its reliability, popularity, and volatility. There is a demand for bitcoin. His course increases many times, which makes it possible to earn good money on short-term investments.
Bitcoin Cash Investment
For investors who make transfers and payments regularly and in large quantities, it is best to use Bitcoin Cash. This is a convenient and least expensive tool. In addition, the cache is able to accelerate and overtake in terms of growth the main cryptocurrency – the cue ball. Regular course correction allows you to buy Bitcoin Cash at a bargain price.
Conclusion
Overall, Bitcoin Cash has better growth prospects. A virtual coin has all the characteristics required for a modern cryptocurrency – a large block size, better transaction speed, a high level of security and the possibility of mining. As for profits, on June 1, 2018, there is not much difference that there is no mining. That is why when choosing a cryptocurrency, it is important to focus on long-term goals. If we are talking about mining in order to keep coins in your wallet, the variant with Bitcoin Cash looks more interesting. But Bitcoin is also not worth writing off. In the short term, he is able to show good growth. What will happen in 1-2 years or more is difficult to predict.
What is Gemini?
The exchange is located in the United States and began its operations in 2015 after it was approved by the State Department of Financial Services of New York. The owners of the site – brothers Cameron and Tyler Winklevoss immediately set a goal to make it a fully regulated global digital asset exchange. Initially, the exchange aimed mainly at attracting institutional investors. Later, she began to express interest and private traders. The site interface is made exclusively in English since the site team is interested in large players from highly developed countries. Gemini is considered to be one of the most reliable cryptocurrency exchanges, as it works with individual investors and investment funds in full compliance with the requirements of the law.
Supported Coins on Gemini
For a long time, the Gemini cryptocurrency exchange traded only Bitcoin, Etherium and USD. Recently, a digital coin Zcash was connected to the exchange. Total on-site trading is possible for 6 trading pairs: BTC / USD, ETH / USD, ETH / BTC, ZEC / USD, ZEC / BTC and ZEC / ETH. The leading position with a large margin in daily turnover is occupied by a pair of BTC / USD, i.e. the one for which, first of all, the exchange was created. The turnover of the pair is 30 million dollars per day. The second place is occupied by ETH / USD with a large lag in turnover, its volume is equal to six million dollars a day.
Commission Fees on Gemini
The commission on the Gemini exchange is at an acceptable level for trading. Restrictions on cryptocurrency crediting are completely absent. When crediting a deposit in US dollars, the user can deposit no more than $ 500 per day on his personal wallet. And, accordingly, up to $ 15 thousand per month. There is also a limit on the withdrawal of funds for a dollar account, which is equal to $ 100 thousand per day. There are no restrictions on withdrawal of funds in cryptocurrency. Gemini does not take commissions for input and output, which is a very positive thing for traders. The site allows you to directly deposit and withdraw dollars. To enter funds, during the registration of a new user, you need to bind the account in the bank to the account on the exchange. Do not forget that each bank can charge transactions
Security Measures
The implementation of a qualitative level of security is the most important direction for the operation of any cryptocurrency exchange. Gemini is responsible for this issue. A well-known face was involved in the work on defense – Than Paya. This person is known for the successful organization of the Airbnb security service, as well as his participation in building Google Wallet.
Gemini is one of the most popular cryptocurrency exchanges in the world. There is no official statement about hacking the exchange. The site has an impeccable reputation in the cryptocurrency market. Gemini specialists are making great efforts to implement a quality level of security. That is why on the site you can find a large number of clients and larger organizations with a solid size of the investment portfolio. The site operates under the control and in strict accordance with the requirements of the Financial Services Department of New York, which gives a certain level of confidence in the quality of the Gemini protection level.
In general, the security level of Gemini users is at a high level, as evidenced by the high level of site demand among cryptocurrency traders.