A blockchain works by collecting data, putting them together in groups, known as blocks, that hold this data. These blocks have a limited storage capacity. Once a block is full, it will move onto the next block attaching itself to the previous one. This is known as “blockchain”.
Investing in cryptocurrency is on the Rise. BitCoin currency of course being the leader. Cryptocurrency can be used across different countries for transactions paying low fees. Cryptocurrency is thought to change the financial and banking industry.
Bitcoin Mining ?
Bitcoin mining is solving complex computational math problems, for which only highly powered computers can be used. These problems cannot be solved by hand.
Basically it’s solving a computational puzzle to create a new bitcoin. As technology develops so as Bitcoin mining, very high tech equipment is used to speed up mining.
A new Bitcoin is produced when computers solve the complex math problem on the bitcoin network, Bitcoin miners help to make the transaction safe and secure, also know as blockchain.
Part of bitcoin miners is to make sure that the transactions are accurate. Ensuring that Bitcoin is not a duplicate is part of the Bitcoin miners responsibility.
Forex Trading and Bitcoin
Though Forex trading is not that new, the strategies continue to change. And with cryptocurrency doing so well, more users are engaged in using a trading platform
Why Invest in Crypto?
Investing in cryptocurrency is not a new trend. There is a great opportunity to get return on investment. Whether you use Forex trading, buy and sell Bitcoins, or invest for long term.
Fast and Global
Cryptocurrency is accepted worldwide. It takes two confirmations before it’s available in your Wallet. This can take anywhere from 60 seconds to a day or two depending on the Bitcoin network.
Bitcoin transactions cannot be reversed. The person receiving the funds can refund the Bitcoin. It is also a form of protection against double sending. The transaction in the blockchain needs to be confirmed.
Cryptocurrency is secured as it uses complex computerized math solution and stores the data in blockchain. You can store your Bitcoins on an external equipment for your wallet or store Bitcoin on the cloud.
You get guaranteed security from cryptocurrency. When firms and services fail the guarantee for cryptocurrency remains safe allowing customers to recover there money.
Cryptocurrency wallets comes in two forms:
1. On the cloud
2. On an External equipment disconnected from the internet
HoloChain vs BlockChain
Holohchain uses hash chains which existed before blockchain function, as more data as added it builds a digital fingerprint.
Hashchains appear independently. Unlike Bitcoin Blockchain, which is a decentralized process. Each hashchain doesn’t
need to interact each other to confirm the data.
Theoretically holochain is easily scalable thank
Bitcoin blockchain. Each individual hashchain can increase its processing processor.
Holochain may perform better than Bitcoin,
But it will not be more secure than Bitcoin
Also, Holohchain has no cryptocurrency attached to it
and uses an interface called Holo,
Real Time Cryptocurrency Rates
Keep up to date with the latest cryptocurrency rates. From Bitcoin, to XRP, Tether, Ethereum, and more.
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