How to use a Bitcoin Wallet. The ledger Nano S is easy to use as demonstrated in the video.
Maintaining control of your keys has become all the more important with the recent hacks of cryptocurrency exchanges like Cryptopia.
A Bitcoin hardware wallet allows you to control your own keys and safely secure your cryptocurrency. The hardware wallet stores your private keys on the device.
You will receive a sequence of words when you set it up for the first time and you will set up a pin. Make sure you write the series of words and you PIN code down and keep it in a safe place. To access the device you use the pin by physically entering it into the ledger.
The best part about using the Ledger Nano S is even if you lose the ledger or forget your pin code you can use the sequence of words that you were given when you set the device up to recover your wallet. You may recover on the same ledger or a new ledger using those words.
The Steempress WordPress plugin which connects bloggers to the Steemit blogging platform is now offering even more features. The new Steempress features include upvotes, pending rewards, comments and Steem log in on the blog interface.
Bloggers may download the Steempress WordPress plugin Steempress
For bloggers already using the Steempress plugin, you will need to go into your admin settings within your WordPress site and click the update button. The Steempress plugin will be instantly updated. The new features allow Steemit users to vote and comment on posts on your WordPress site. This feature will allow any blogger to monetize their site with the Steem blockchain. You may vote on a post, leave a comment, and vote on comments just like you do on the Steemit site. All logins are through Steem Connect, so you do not need to share your Steemit keys with the site.
Hat tip to @Steempress who has done a great job of making this plugin accessible and easy to use for bloggers.
Chintai is a new token leasing platform which allows you to lease your EOS tokens to other users who need more CPU or bandwidth on the EOS network. Chintai empowers EOS token holders by enabling the token holder to set the terms of the lease. These terms include interest rate and the duration of each token lease.
At the moment, the lease duration runs from 7 to 28 days. As more EOS Dapp developers create projects using the EOS network, the demand for EOS tokens and their corresponding CPU and bandwidth will increase.
Chintai solves the CPU problem for developers while creating income opportunities through leasing contracts for EOS token holders.
Chintai uses Scatter for login, but plans are in place to add additional wallets in the future.
Since the early days of Bitcoin, we have all heard endless speculation concerning the future price of Bitcoin. Stephen Kendal has an interesting take on the potential of Bitcoin.
Kendal describes the current state of the world including the tremendous amount of unfunded liability across the globe. In short, the weight of all of this debt is destroying the value of the dollar. The debt crisis applies to all fiat, not just the dollar. As fiat decreases in value, the value of Bitcoin in relation to fiat will, of course, go up. The limited supply of Bitcoin will also cause the price to go up. This concept is so simple, but I think this video does a great job of explaining the future of Bitcoin.
Bitshares was the most active cryptocurrency with 59.7% of all blockchain activity. Steem ranks number 2 with 20.4% of all activity. Ethereum is number three with 8.3%. EOS is gaining ground with 6.2%. Bitcoin accounts for 2.8% of all activity. The remaining crypto market makes up 2.6%.
Bitshares also ranks number 1 for number of transactions with over 4,700,000 transactions. Steem is number 2 with over 1,300,000 transactions. Ethereum has over 700,000 transactions and EOS has over 420,000 transactions. Bitcoin has over 200,000 transactions.
Major League baseball hopes to use crypto to engage young fans. For years collectible trading cards attracted young baseball enthusiasts to the game. MLB Crypto Baseball is a digital trading game that will encourage collecting digital avatars inspired by plays and moments from actual baseball games.
The game will be on the Ethereum blockchain. The MLB plans to roll out the game in stages in order to teach the general public about cryptocurrency. The first step will involve using metamask and buying ether. The game will gradually progress into buying and selling digital collectibles.
Several other sports teams are also exploring using cryptocurrency in their marketing. The Dallas Mavericks have expressed an interest in using crypto and the Sacramento Kings are exploring cyrpotcurrency mining for charity.
The embracing of crypto by the sports world will make cryptocurrency go mainstream much quicker which is welcome news for early investors.
Derek Capo, CEO of Tokenpay, recently participated in a livestream where he discussed some of the recent developments with Tokenpay. You can listen to the livestream at Tokenpay Livestream
Capo went to great lengths to describe the importance of creating a strong infrastructure for Tokenpay. The primary focus is to create an entire ecosystem for Tokenpay which will make mass adaption possible on a global scale. Tokenpay recently made news when they purchased over 9% of a German bank. The bank acquisition enables Tokenpay to offer many traditional banking services such as merchant services and debit cards. The combination of traditional banking services with cryptocurrency makes Tokenpay somewhat unique in the world of cryptocurrency.
Tokenpay has also announced a new partnership with Litecoin. Litecoin is one of the few coins listed on Coinbase which enables a level of accessibility to consumers. Many new investors begin their crypto journey on Coinbase where crypto can be purchased with fiat. By partnering with Litecoin, Tokenpay is immediately exposed to a new customer base, the new crypto investor. Tokenpay has also partnered with Verge (XVG) in a deal earlier this year.
When questioned about the partnerships, Capo spoke about the cost of customer acquisition. Every customer has a cost per customer and a cost of conversion. By partnering with Litecoin and Verge, Tokenpay was able to expand their customer base instantly.
Capo also spoke of plans for a decentralized exchange. The exchange would also have some kind of affiliate system so that exchange users are rewarded for recruiting new customers.
One of the most interesting aspects of the interview was the plan to offer investment certificates. For instance, you might invest in a privacy certificate which would be a fund comprised of the top ten privacy coins. Investing in this type of fund also alleviates the fear of the extreme volatility which can be so common in the crypto world.
The all encompassing plans described by Capo make it very clear that Tokenpay is here for the long term. As many coins disappear from the market, I find the methodical building blocks of the Tokenpay ecosystem to be both reassuring and exciting to behold.
Tokenpay has been very aggressive in insuring the usage of cryptocurrency for the masses. The idea of crypto being some limited investment tool is foreign to the Tokenpay team and their actions confirm this every day.
A few months ago Tokenpay purchased a 9.9% stake in a German bank. According to German law, 9.9% is the maximum percentage an entity can own without further regulatory approval.
Tokenpay has now announced a new partnership with Litecoin. Tokenpay will join forces with Litecoin which will result in more consumer services for consumers interested in investing and actually using cryptocurrency. Some of these services include debit cards, a decentralized exchange, and a platform for quickly processing ecommerce payments.
Tokenpay expects to add several hundred thousand new customers with the announcement of the Litecoin partnership.
In spite of the fact that we have experienced a rather lethargic crypto market over the past 6 months, the CEO of Cryptocurrency exchange Binance expects 2018 to be a very profitable year. In a recent interview with Bloomberg, Changpeng Zhao expressed great expectations for the trading platform.
The optimism for the Binance exchange is reflected in the price of the Binance exchange coin (BNB). While the majority of coins have dropped over the past few months, (BNB) has remained steady with a price hovering around $14. Binance currently offers traders the option to pay exchange fees in (BNB) and provides a discount for using the Binance coin. Considering Binance is one of the most active exchanges in the world, the Binance coin will always enjoy a built in platform of steady users.
The CEO has projected profits of over 1 Billion dollars during the next year. The company also has plans to expand into additional markets over the next few years.
During the last 7 days EOS accounts for 6.5% of all blockchain activity. EOS surpassed Bitcoin in blockchain activity in less than a month. The most active cryptocurrecy for the last 7 days is Steem with 36.1%. Bitshares is in second place with 30.6%. Ethereum is in 3rd place with 16.4%. Bitcoin holds steady with 5%. All remaining currencies combined are at 5.5%.
The most interesting thing about these figures is that the Blockchains of Dan Larimer, EOS, Steem, and Bitshares, account for over 72% of all blockchain activity. My question is, “When will the world notice and what happens when it does?” Many speculate that EOS will upstage Ethereum in the near future. As the usage of these altcoins increases, when does the price of Bitcoin become less important to the overall crypto market? I think we will see a decoupling of Bitcoin from the altcoin market in the near future.