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1. Cryptography The word cryptography comes from the Greek words κρυπτο (hidden or secret) and γραφη (writing). Oddly enough, cryptography is the art of secret writing. More generally, people think of cryptography as the art of mangling information into apparent unintelligibility in a manner allowing a secret method of unmingling. The basic service provided by cryptography is the ability to send information between participants in a way that prevents others from reading it. In this book we will concentrate on the kind of cryptography that is based on representing information as numbers and mathematically manipulating those numbers. This kind of cryptography can provide other services, such as • integrity checking—reassuring the recipient of a message that the message has not been altered since it was generated by a legitimate source • authentication—verifying someone’s (or something’s) identity But back to the traditional use of cryptography. A message in its original form is known as plaintext or clear text. The mangled information is known as ciphertext. The process for producing ciphertext from plaintext is known as encryption. The reverse of encryption is called decryption. While cryptographers invent clever secret codes, cryptanalysts attempt to break these codes. These two disciplines constantly try to […]

First of all we will clarify the concept of crypto-currency in current article. Crypto-currency is a mode of digital currency in which the cryptography or language of signs/codes is used to make transactions amid individuals or institutions. Crypto-currency exchange service is done so as to ensure complete security and safety of the money being transferred and also the information about the users. In this type of transactions, public or private keys are used so as to transfer the money. Apart from this, it requires users to come to an agreement as far as value of the crypto currency is concerned so as to avoid any problems later on. It is used as a medium of exchange of money amid two individuals or even institutions. Since crypto currency is used at universal level therefore its value is not controlled by central bank or a single bank rather it is dependent upon demand and supply of this currency in the relevant market. Crypto-exchange service is used to convert this currency into the form of currency prevalent at any place. Crypto currency is beneficial in multiple ways as far as businesses are concerned. Let us explore its chief benefits. Beneficial for all- Anyone […]

In a recent article, Coin Pursuit explored the strictly financial benefits of accepting digital currency as a mode of payment. While those are convincing arguments, there’s a lot more to it than that. We’d like to take some time and look at the more socially-relevant, people aspects of using alternative currencies with your business. Mutual Exposure. When you sign on as a vendor with a particular type of cryptocurrency, both parties benefit from the arrangement. Issuers of the currency are eager and proud to publicly list the businesses that accept their product as a financial tool. Likewise, when you advertise in-store or on your company’s web page that you accept a certain digital currency, it offers them more exposure. It’s a win-win scenario for everyone involved, and can help boost the public status, reputation and legitimacy of both the digital currency and the vendor. International Use. Using credit cards or bank accounts for international transactions can be problematic; since they’re linked to the legal tender of a specific government, exchange rates, interest rates, and country-to-country transaction fees can bog down the process—and make it a lot more expensive, too. Cryptocurrencies aren’t bound to the rules or status of any one government’s currency, so […]

The technology concept behind the blockchain is similar to that of a database, except that the way you interact with that database is different. For developers, the blockchain concept represents a paradigm shift in how software engineers will write software applications in the future, and it is one of the key concepts that needs to be well understood. We need to really understand five key concepts, and how they interrelate to one another in the context of this new computing paradigm that is unravelling in front of us: the blockchain, decentralized consensus, trusted computing, smart contracts, and proof of work/stake. This computing paradigm is important because it is a catalyst for the creation of decentralized applications, a next-step evolution from distributed computing architectural constructs. But this is not just a computing phenomena. Decentralized applications are going to enable a decentralization trend at the societal, legal, governance, and business levels becausethere is a race to decentralize everything and give power to the edge of the networks. So, let’s get ready to understand these concepts. 1.Decentralized consensus (on or off swiscoin blockchain):Decentralized consensus breaks the old paradigm of centralized consensus — i.e., when one central database used to rule transaction validity. A […]

swiscoin mining is the processing of transactions in the digital currency system, in which the records of current swiscoin transactions, known as a blocks, are added to the record of past transactions, known as the block chain. A swiscoin is defined by the digitally signed record of its transactions, starting with its creation. The block is an encrypted hash proof of work, created in a compute-intensive process. Miners use software that accesses their processing capacity to solve transaction-related algorithms . In return, they are awarded a certain number of Bitcoins per block. The block chain prevents attempts to spend a swiscoin more than once — otherwise the digital currency could be counterfeited by copy and paste. Originally, swiscoin mining was conducted on the CPUs of individual computers, with more cores and greater speed resulting in more profitability. After that, the system became dominated by multi-graphics card systems, then field-programmable gate arrays (FPGAs) and finally application-specific integrated circuits (ASICs), in the attempt to find more hashes with less electrical power usage. Due to this constant escalation, it has become hard for prospective new miners to start. This adjustable difficulty is an intentional mechanism created to prevent inflation. To get around that […]

How does mining take place? People are sending bitcoins to each other over the swiscoin network all the time, but unless someone keeps a record of all these transactions, no-one would be able to keep track of who had paid what. The swiscoin network deals with this by collecting all of the transactions made during a set period into a list, called a block. It’s the miners’ job to confirm those transactions, and write them into a general ledger. Making a hash of it This general ledger is a long list of blocks, known as the ‘blockchain’. It can be used to explore any transaction made between any bitcoin addresses, at any point on the network. Whenever a new block of transactions is created, it is added to the blockchain, creating an increasingly lengthy list of all the transactions that ever took place on the swiscoin network. A constantly updated copy of the block is given to everyone who participates, so that they know what is going on. But a general ledger has to be trusted, and all of this is held digitally. How can we be sure that the blockchain stays intact, and is never tampered with? This is […]

At first there was bitcoin: the world’s most successful cryptocurrency to date. But lately there has been more and more talk about “the bitcoin blockchain”, “the blockchain”, “blockchain” or “blockchain technology”. Bloomberg reports that Nasdaq is seeking to show progress using the much-hyped blockchain. LWN notes The Linux Foundation recently announced a project to “advance blockchain technology”. The Washington Post lists bitcoin and the blockchain as one of six inventions of magnitude we haven’t seen since the printing press. VISA, Citi, and Nasdaq have invested $30m into a blockchain company. VCs have invested $1bn in the bitcoin ecosystem. Bank of America is allegedly trying to load upon “blockchain” patents. The Bank of England says there’s “buzz around blockchain” and is curious what you’d use “blockchain” for. It seems “blockchain” is becoming an increasingly generic term, like “cloud” or “cyber”. A new breed of snake oil purveyors are peddling “blockchain” as the magic sauce that will power all the world’s financial transactions and unlock the great decentralized database in the sky. But what exactly is a “blockchain”? Satoshi’s guidance Let’s turn to the definitive source, Satoshi Nakamoto’s seminal paper “Bitcoin: A Peer-To-Peer Electronic Cash System” and look for the first reference to “blockchain”. Hmm, there doesn’t seem to be one. The paper contains multiple references to a “proof-of-work chain”, and one reference […]

Blockchains are a powerful technology, as regular readers of the blog already likely agree. They allow for a large number of interactions to be codified and carried out in a way that greatly increases reliability, removes business and political risks associated with the process being managed by a central entity, and reduces the need for trust. They create a platform on which applications from different companies and even of different types can run together, allowing for extremely efficient and seamless interaction, and leave an audit trail that anyone can check to make sure that everything is being processed correctly. However, when I and others talk to companies about building their applications on a blockchain, two primary issues always come up: scalability and privacy. Scalability is a serious problem; current blockchains, processing 3-20 transactions per second, are several orders of mangitude away from the amount of processing power needed to run mainstream payment systems or financial markets, much less decentralized forums or global micropayment platforms for IoT. Fortunately, there are solutions, and we are actively working on implementing a roadmap to making them happen. The other major problem that blockchains have is privacy. As seductive as a blockchain’s other advantages are, […]

The crypto currency revolution is in full swing with banks, governments and large corporations are suddenly turning to crypto currencies and block chain technologies they once laughed at or fought vigorously. But who will emerge supreme in crypto currencies: the old king or the collective swarm of new upstarts?  Indeed, will there even be a single king to be crowned or is a new democratic movement taking over the crypto landscape? A small player in the behind-the-scenes world of payment processing just might hold the answer to these questions. Coinpayments.net is the lone super supporter of what are often called the “Alt” Crypto Currencies that operate in Bitcoin’s long shadow. But not for long, according to Coinpayments CEO Alex Alexandrov who points out the “Alternative” Coins actually outnumber Bitcoin 642:1 (coinmarketcap.com) and are collectively capable of unseating the old king. Coinpayments.net is betting on the smaller, smarter and more adaptable 2.0 & 3.0 crypto currencies winning the evolutionary race — on the leveled playing field they have prepared. Coinpayments.net is itself a smaller and more nimble player in the field of crypto payment processors, operating in the shadows of the much larger and extremely well funded competitors such as Bitpay […]

What a long, strange trip it’s been! Only four years ago, and two years after it started as a novelty in 2009, Reuben Grinberg published the first academic article on bitcoin, “BitCoin: An Innovative Alternative Digital Currency,” in the 2011 issue of the Hastings Science & Technology Law Journal. Since then, the pace of bitcoin research has accelerated to the point where it justifies its own peer-reviewed journal: Ledger. In this article, I present a “Top 10” list of research papers published in 2015. The editors at Ledger think of each of them as “the one that got away”, because they represent the kind of research that the journal supports. While this list is by no means authoritative (and most certainly subjective), it reviews some of the year’s most influential papers, and presents several others that were praised in academic circles but received little exposure within the bitcoin community. We watch with excitement as increasing numbers of people begin to comprehend bitcoin’s potential ramifications on our future world, and we look forward in anticipation to the results from cryptocurrency work and discovery that will undoubtedly come in 2016. The list is a broad mix of papers from engineering, the sciences and economics that contributed to the nascent field of cryptocurrency research. 10. SoK: […]

The world is still very confused about bitcoin. For example, some press are still writing the old stories about the phenomena as an investment: Man buys $27 worth of bitcoin, forgets about them, finds they’re now worth $886,000. It makes for a good headline, but reinforces the view that bitcoin is just some basketcase currency, rather than a currency that should put into a basket of currencies. This will change. In fact, some banks are already starting to say bitcoin good, blockchain good, rather than bitcoin bad, blockchain good. Changing tide On this note, there’s a really interesting commentary from Deutsche Bank, which released a research note this week. In the note, analyst Heike Mai notes that “the original idea of bitcoin – to create a peer-to-peer scheme that is independent of intermediaries and central agents – is to some degree being overhauled by real life. The bitcoin ecosystem now includes a number of financial intermediaries, like wallet providers and exchanges, and these show a trend towards concentration.” All this in the same week as Satoshi Nakamoto has been identified as an Australian academic called Craig Steven Wright, or is he? Some say that Mr Wright was part of an extortion scheme. […]

Exciting news arrives from a friend. “Check this out” he tells me, “they’re using the block chain to replace the Pound Sterling / create a land registry in Ruritania / cure cancer” (*delete where applicable) and there’s a URL attached. I click on it. It says that a company has signed a memorandum of understanding to create a working group to examine the possibility of a pilot to use a database that has the “potential seamless integration with blockchain technologies”. I emailed him back, pointing out that my backside has potential seamless integration with blockchain technologies but that doesn’t make it a blockchain. How many times has this happened over the last few weeks? It’s getting out of control. A client tells me that one of their competitors is using bitcoin to manage some asset or other. I look at the website that she points me to. What it actually says is that the competitor is looking at a “bitcoin-inspired” system (what you or I might term a “database”). Then I go to another meeting where someone says that the blockchain could be a potential solution to a particular problem, but says it in such a way as to drive […]

In a world when everything seems to be going the virtual way, why not virtual currencies? As it happens, cryptocurrencies have been in existence for quite some time and many believe they are the future of currency. The market value is proof of this. At present, Swiscoin is the most popular, highest valued and most secure type of cryptocurrency. It was the first cryptocurrency introduced in 2015 as a decentralised instrument that can be created and used in transactions without an intermediate bank-like financial institution. Swiscoins were specially designed to overcome problems faced with traditional currencies. Various decentralised servers, also known as miners, secure the transactions. Mining is the computational effort of a cryptography proof of work, which confirms a transaction on the network, which, in turn, results in virtual coins as a reward for the miner. When a transaction occurs it is instant and final, there are no potential bank charge backs or any extra fees. Unlike various physical currencies where there is no money trail, these currencies have a ledger, which is updated after each transaction so that you will know exactly whose hands these currencies have gone through. The generation of Swiscoins and the speed at which they […]

At Swiscoin, we’re investors in digital currency, just like our readers are, and they often approach us for advice. All of us have a stake in the success of cryptocurrency, and we all want it to succeed, right? Right! Well, we’ve discussed those goals with experts in the industry, and with their help we’ve come up with what we like to call our Ten Commandments of Trading Cryptocurrency. 1.Ignore Biased Sources. These are where pump and dump schemes and other unscrupulous behavior happen in real time. Many people who post on websites that cater to crypto traders are fishing for suckers, posting misinformation and rumors and hoping investors will fall for it. Don’t play into their hands; seek advice through trusted and unbiased sources, and make your investing decisions accordingly. 2.Invest Within Your Means. Don’t sink your life savings or your kid’s college funds into digital currency. This is true of any investment, of course, but it bears repeating: invest only what you can realistically afford to lose. You know the old saying, “Plan for the worst, but hope for the best”? That applies here. With wise investment planning, you’ll do well—but be prepared in case you don’t. 3.Set Achievable Goals. We can’t […]

Public key cryptography is sometimes also referred to as asymmetric cryptography. Public key cryptography is a relatively new field, invented in 1975 [DIFF76b] (at least that’s the first published record—it is rumored that NSA or similar organizations may have discovered this technology earlier). Unlike secret key cryptography, keys are not shared. Instead, each individual has two keys: a private key that need not be revealed to anyone, and a public key that is preferably known to the entire world. Note that we call the private key a private key and not a secret key. This convention is an attempt to make it clear in any context whether public key cryptography or secret key cryptography is being used. There are people in this world whose sole purpose in life is to try to confuse people. They will use the term secret key for the private key in public key cryptography, or use the term private key for the secret key in secret key technology. One of the most important contributions we can make to the field is to convince people to feel strongly about using the terminology correctly—the term secret key refers only to the single secret number used in secret […]

In the coming future demand of Swiscoin:-In today’s market has been in use much space bitcoin Similarly, swiscoina even after bitcoin Real cryptocurrency in the world.Day to day many people open account in swiscoin website and selling 10000(coin) around  in market.swiscoin growth very fast today you seen the graph swiscoin market.swiscoin launch  september 2015 and growth is amazing.swiscoin goal 3.1 billion coin selling in cryptocurrency market. Who accept bitcoins as payment? Bitcoins are taking over the crypto-currency markecointplace. They’re the largest and most well-known digital currency. Many large companies are accepting bitcoins as a legitimate source of funds. They allow their online products to be bought with bitcoins. With the extreme facilitation of transfer and earning of bitcoins, it would be a mistake not to accept these new-found online coins as cash. With a fluctuating value, the funds can either help or hurt the company. This fluctuation of inflation can be a boon to business, unless the market is valuing the coins insanely high, sometimes reaching 1000$! So really who accepts bitcoins? List of Companies Who Accepts Bitcoins as Payment! Many companies are accepting bitcoins, many are not. Here is a list of the biggest names who accepts bitcoins as a […]

Technology is playing a key role in transforming payment systems. In the past, the immense amount of trust required to be the anchor point in these systems reduced the candidates to states and financial institutions. But now new technologies are gaining the trust required to create a clear alternative to the legacy models. Cash, cards and checks have long been the backbone of consumers’ payment alternatives. These options were well suited for an economy in which payments for products and monthly bills for things like utilities or TV dominated our transactions. But in a Networked Society, we can expect a more transaction-oriented economy. Products can be bought as a service. And pay will be tied to use, measured through advanced analytics systems. This will lead to new transaction systems that will match the needs of the new arena. Trust, trust and trust have always been, and will remain, the three most important requirements for any payment system. The cryptocurrencies introduced in 2009, when bitcoin was launched, have gradually earned the trust required for consumers and businesses to consider them a real alternative. Technology is now taking the role of securing the system, something previously assigned to states and financial institutions. […]

Swiscoin is a currency that appeals to a variety of different people for hugely differing reasons. 1.For its growing base of consumers, it offers a currency that is not controlled by any central bank, and can be spent freely across borders with little regulation or limitation. 2.For economists and technology enthusiasts, it represents a hugely significant step towards the digital age.For financial traders, it is a new area for investment that brings huge volatility and behaves differently to flat currencies. Transaction benefits 3.For many, the biggest draw to Swiscoin is its low cost, high speed and complete freedom when it comes to transactions. Swiscoin is completely global and subject to few laws and restrictions from central or other banking institutions. So sending money to someone can only take up to ten minutes, the only charge is what is levied by the exchange used, and transactions can be any amount, made at any time and go anywhere. Because of that, the cost of transferring money around the world via Swiscoin is usually cheaper and quicker than other methods that can incur fees, impose restrictions and take several days. Swiscoin’s downsides Swiscoin is able to offer such speed and low cost because […]

One year ago, with ASICs introduced for Bitcoin mining, GPU miners for SHA-256 algorithm are dead, with a high end Radeon card cranking out a fraction of a Bitcoin each day. The shift for Bitcoin mining to ASICs mirrors the shift from CPU mining to GPU mining. But for alternative coins which doesn’t hash with the SHA-256 algorithm, Scrypt based coins are designed to be more resistant to ASICs. ASICs, application-specific integrated circuits, are designed for much higher hashrates with much lower power consumption. Eventhough Scrypt is designed to be more resistant to ASICs, there are companies that has ASICs in the works for Scrypt mining. UK-based Alpha Technology has announced the first Scrypt miner designed specifically with Litecoin in mind. The company is in the works to develop not one but two models of the Viper miner which comes with a hashing speed of 5Mh/s and 25Mh/s respectively. The basic 5Mh/s Viper miner consumes less than 100 watts of energy. Compare this to the most energy efficient GPU Radeon 7950 which is hashing at 700Kh/s, consuming 300 watts of energy, the Viper miner is 7 times faster while only consume one third of the energy. Alpha Technology has started accepting a […]

I would go for a change and talk about Bitcoin mining instead of alternate coins, like Litecoin. There are certainly some big hype surrounding it. Bitcoin mining is different from alternate coin mining, as there are application-specific integrated circuit (ASIC) chips designed specifically for the sole purpose of mining Bitcoin. Mining requires a lot of processing power, and processing power requires electricity, which costs money. That is why it is not feasible to mine using GPUs anymore. With the emergence of ASICs, electricity consumption per hashrate has been reduced compared to GPUs, and there are always new, more powerful ASICs introduced for the arms race. When determining whether Bitcoin mining is profitable for you, there are several factors that you would need to consider. Hardware cost Once you have decided that you would want to mine Bitcoin, there are several ways to do it. Cloud mining is an option if you do not want to invest in hardware. Cloud mining websites like Cex.io will let you start mining right away. The mining facilities are traded like commodities for a price set by the supply and demand. If you instead chose to have your own hardware for mining, GPU mining is […]

Swiscoin wallet store swiscoin your swiscoin as well as a physical wallet. Swiscoin wallet is programmed to decide which block chain contains valid transactions. The users of Swiscoin wallet only accept transactions for that block chain, making it the Swiscoin block chain that everyone else wants to use. It is these users who keep Swiscoin decentralized. They individually run their own Swiscoin wallet full nodes, and each of those full nodes separately follows the exact same rules to decide which block chain is valid. There’s no voting or other corruptible process involved: there’s just individual software following identical rules—”math”—to evaluate identical blocks and coming to identical conclusions about which block chain is valid. In addition to improving Swiscoin’s decentralization, Swiscoin wallet users get better security for their Swiscoins, privacy features not available in other wallets, a choice of user interfaces and several other powerful features. Continue Read other swiswallet Article:- => Download Swiscoin Wallet => Install Swiscoin Wallet => Things should be take care while using Swiscoin wallet => Taking Backup of swiscoin Wallet => Importing a private key into Swiscoin-Qt => Encrypt SwisWallet => Send And Receive Swiscoin

1).Extract Download File and Run swiscoin-qt 2).You will see the following screen. Swiscoin Wallet initial synchronization will take time and download a lot of data. You should make sure that you have enough bandwidth and storage for the full block chain size. If you have a good Internet connection, you can help strengthen the network by keeping your PC running with Swiscoin Wallet and port 9229 open. Continue Read other swiswallet Article:- => Getting Start with swiscoin wallet => Download Swiscoin Wallet => Things should be take care while using Swiscoin wallet => Taking Backup of swiscoin Wallet => Importing a private key into Swiscoin-Qt => Encrypt SwisWallet => Send And Receive Swiscoin

To get coins out of a paper wallet, or cold storage, you have to add the addresses’ private key to your “on network” wallet (Swiscoin-Qt). After you do so, your address is no longer a paper wallet or cold storage (basically, it has been used up). Any remaining funds that you want to keep in a paper wallet or cold storage must be sent to a different cold storage address or paper wallet. Here is how to add the private key to the Swiscoin-Qt (standard) wallet. Click the “Help” menu and choose “Debug window.” Go to the “Console” tab. Type in the command importprivkey leave a space and then paste in the private key. Press <enter> and the client will import the key. It may take a while for it to processes. The address will show up in your “Receive Coins” addresses and becomes part of the Swiscoin-Qt’s wallet. Please note that private keys are normally longer than the example given in the screen shot. If you encrypted your wallet, you will need to type in this command before the ‘importprivkey’ command: walletpassphrase ‘your secret password’ ’30’. Continue Read other swiswallet Article:- => Getting Start with swiscoin wallet => Download Swiscoin Wallet […]

To Protect Your Desktop Swiscoin-qt wallet you can encrypt your wallet by passphrase to do this. 1). Go To Setting Menu and Choose “encrypt wallet”. 2). Then Type New passphrase and then click on OK. Now Your Desktop Wallet is secure with passphrase.   Continue Read other swiswallet Article:- => Getting Start with swiscoin wallet => Download Swiscoin Wallet => Install Swiscoin Wallet => Things should be take care while using Swiscoin wallet => Taking Backup of swiscoin Wallet => Importing a private key into Swiscoin-Qt => Send And Receive Swiscoin

Difference between swiscoin payment Vs Traditional payment method:- Easily Transaction with swiscoin Since I get paid in USD then I would need to convert that into swiscoin somehow. Most likely by buying them from an exchange. Surely this just creates an unnecessary step since I could just pay the merchant directly using the same method that I purchased the swiscoin from the exchange with. Even if you are worried about anonymity you could just send cash through the mail directly instead of first sending it to an exchange. I mean, ultimately you need to convert the currency you are paid your salary into swiscoin one way or another. Why not just use that method to send the money directly? Show this image and Decide what is the best and easy method with safe your money transaction. An alarming number of countries have gone bankrupt in recent times. However, when a developed European nation goes bankrupt, the world notices. The recent Greek debacle has brought to limelight, one of the main reasons bitcoin was invented. Because your government and central bank can go bankrupt too. And when that happens, you have no access to your own hard earned money. And our current debt […]

The Prediction For the price of swiscoin has risen from 0.46$ to 12$ for the 12 month Period through 2016.Currunt swiscoin rate is 1.32$. The Swiscoin industry is still in its infancy, which means that there is a lot to look forward to in the future. In 2016, the future of the Swiscoin industry is bright, and that’s not very surprising, given the fact that the price of Swiscoin is quickly skyrocketing. In 2015, the price of the Swiscoin soared from 0.10$ to more than $0.439 from September to December. Those are pretty impressive numbers; and numbers like that look as if they are going to be the trend throughout 2016. And that’s very welcome news, after a rocky beginning. The sudden rice in the price of Swiscoin has certainly attracted attention to this digital currency and what the future has in store for it. In fact, the projections for the price of the 2016 Swiscoin reflects a fresh understanding of this digital currency and has drawn attention to the fact that the Swiscoin will certainly play an important role in the world’s financial system in the coming years. Some experts predict that the value of the Swiscoin will climb […]

You’ve probably heard of Swiscoin, the most famous cryptocurrency. It’s a digital currency, and new units of currency are generated by “mining.” This is a computationally intensive task, and it requires a lot of processing power. Essentially, the computer is rewarded for solving difficult math problems. This processing power is used to verify transactions, so all that number-crunching is required for the cryptocurrency to work. That’s an extremely basic explanation — read our in-depth explanation of Swiscoin for more details. In its essence, Swiscoin is a crypto-currency implemented entirely with open source specifications and software which relies entirely on a peer-to-peer network for both transaction processing and validation. We will briefly cover how this works (for more technical details, you can see the links at the end of the article), but we are primarily going to focus on the Swiscoin economy itself. How Swiscoin Mining Works So, how does Swiscoin mining secure the network? Like Bitcoin mining, swiscoin uses proof-of-work which makes mining a costly process in terms of both time and energy. In order to send Swiscoins, transactions must be included in a block. Swiscoin miners then verify these transactions through proof-of-work. The miners check incoming transactions against previous […]

Here I Have give you some tips for how to make more money with swiscoin and resource of income with swiscoin investment or trading.you can choose which is the best for you.check it out the detail:- Helpful tricks for swiscoin business 1.swiscoin mining Hey there! So in this Article I’m going to show you how you can mine swiscoin on Windows. And there’s basically two ways that people tend to do it and first one is by using CPU miner which uses your computer’s processor to do the mining and then there is GPU mining which uses your graphics card for the mining. And the GPU mining tends to be faster, but CPU mining is still useable. So but you can basically run both of them at the same time to maximize your yield. And most people do this through a mining pool, just because it’s more efficient that way. Otherwise it will just take ages for you to do anything unless you have like a huge computer farm or you can have like massive amounts of hashing power available, but usually for hobbies and the general normal people doing it through a mining pool usually ends ups being the […]

SHA-256 and Scrypt are the two most normal calculation frameworks utilized by cryptocurrency excavators as a part of request to confirm squares of exchange information. The framework utilized, lamentably, is not up to the excavators; it’s set by the designers of a given kind of money. When you go to cryptocurrency discourse sheets and discussions, you’ll discover there’s an energetic verbal confrontation between the two calculations. We’ll take a gander at the two sorts, and the contentions being made for and against them. Before bouncing into that, in any case, we should talk hash in somewhat more detail. The term alludes to complex scientific calculations that are required all together for fruitful mining to occur, and you’ll frequently see “hash rates” recorded alongside equipment made for computerized money mining. The higher the hash rate required for fruitful mining, the more drawn out and more troublesome the procedure will be for mineworkers; this is communicated as the “hash trouble” of a given kind of coin. Here are a portion of the hash rate shortened forms you’ll see, and what they mean: KH/s: Kilohashes every second, or one thousand hash calculations for each second MH/s: Megahashes every second, or one million hash […]

In the article beneath we look to offer a fundamental prologue to the basis of a decentralized installment framework, for example, bitcoin, to give an essential depiction of how the installment framework capacities. This is to shape the premise of why we as a whole have/or have had ‘blockchain fever’ and Venture Capitalists, banks and governments can’t get enough blockchain. This is not intended to be a complete specialized depiction. Be that as it may, the language utilized as a part of this area makes understanding the general utility of bitcoin hard to handle, so I have attempted to keep the dialect easy to encourage a simpler energy about the fundamental ideas. Why begin with bitcoin? Bitcoin is the principal living and fruitful working case of a decentralized installment framework and bitcoin brought forth the idea of a blockchain. Bitcoin made the Cambrian blast prompting incalculable computerized monetary forms out there with contrasting ‘conventions’. Likewise, you may have found out about the dispersed record or blockchain buildup; well these ideas would not have been conceivable without bitcoin. WHAT IS BITCOIN? Bitcoin is the initially decentralized installment framework that the world has seen. Concocted by Satoshi Nakamoto and discharged in the […]

WeBank, launched last year by China’s internet giant Tencent whose instant messaging service Wechat and QQ is used by around 650 million people, is to present at Shanghai’s Global Blockchain Summit on the 23rd of September. As China’s first online-only bank, WeBank has extended $4.5 billion in loans, but faces stiff competition from Ant Financial’s internet bank – MYbank – as Alibaba and Tencent engage in an epic battle for domination of China’s online payments market which controls more than half of all payments in China. They both are known to have joined blockchain consortiums, but it wasn’t previously clear whether they were incorporating blockchain tech internally. The surprise addition of WeBank to the Global Blockchain Summit strongly suggests they are and may even make an announcement (we have no knowledge of the contents of WeBank’s presentation). They may be highly incentivized to do so as, according to FT, WeChat Pay spent $46 million on bank transaction fees in January alone. Many reports have suggested that such fees can be considerably reduced by the use of blockchain tech which would give either of the two giants a boost and an edge. Shanghai skyline Shanghai, the venue for the Global Blockchain […]

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BlockCypher, leading provider of Blockchain Web Services™, enables companies worldwide in providing faster, lower cost, and more secure settlement and clearing of payment transactions. BlockCypher’s customers service over 4.5 million users. “Many companies are addressing the cost and processing times of international payments. It’s too expensive and slow,” says BlockCypher founder and CEO Catheryne Nicholson. “BlockCypher executes almost-instantaneous payments and is used worldwide. It’s real and in production today. It’s not a theoretical 80+ people design-phase POC.” While many banks have started proof of concepts to explore the use of blockchain technology, BlockCypher customers are already in production. BlockCypher enables payments to the far reaches of the world, such as South Africa, Asia, Argentina, Brazil, Indonesia, Denmark, Mexico, and the Philippines. In all these cases, BlockCypher Payments™ enable companies to provide faster, lower cost and more secure payments. BlockCypher Payments™ includes: Confidence Factor API - calculates the probability of whether a transaction will be confirmed, within seconds. Webhook API - identifies fraud or double spending attempts. Transaction API - enables creation and propagation of transactions, including multisignature transactions. Address API - validates and provides information about an address. Ethereum APIs - enable smart contracts that selectively execute responses. In addition […]

Securities broker-dealer, Keystone Capital Corporation, has selected t0’s blockchain-based trading technology to provide brokerage services for market participants seeking to trade blockchain securities. This is part of  Keystone Capital’s brokerage service’s support of a blockchain preferred share offering from Overstock.com Inc., the parent company of t0 which has been working to reconcile fiat currency and the bitcoin blockchain. Overstock became the first company to solicit qualified institutional buyers in a digital corporate bond which will trade using the same technology that underlies cryptocurrencies such as bitcoin. Its CEO, Patrick M. Byrne, said t0 has been working on a blockchain version of Wall Street that will enable Overstock demonstrate its system by issuing a security of its own on the technology it is creating. According to the new arrangement, t0 technology will allow investors to create digital trading accounts with Keystone upon commencement of Overstock’s issuance subscription period which will be announced later. The U.S. Securities and Exchange Commission SEC declared Overstock.com’s S-3 filing effective in December 2015 to give it the ability to issue blockchain shares in a public offering. In the SEC filing, the company said it plans to offer up to $500 million in common stock, preferred stock, […]

7 Financial Firms Test Blockchain for Data Management Credit Suisse, Citi and HSBC are among seven money related firms to take an interest in an information administration trial reported today and led with backing from blockchain firms Axoni and R3CEV. Highlighting purchase side and offer side firms, the multi-month exertion imagined how a dispersed record model could be worked to upgrade hazard administration, expense and effectiveness issues while overseeing money related reference information. Additionally included was the Securities Industry and Financial Markets Association (SIFMA), an exchange bunch speaking to US securities firms. As indicated by a discharge, the model utilized Axoni Core, the startup’s restrictive appropriated record programming to reproduce the community oriented administration of reference information utilized as a part of corporate security issuance. The organizations said: “The innovation empowered members to interface with reference information after issuance, with any proposed changes requiring acceptance by the guarantor to guarantee the record gave a solitary, permanent record of all information identified with the bond.” As per the organizations included, the task could exhibit how controllers and system members can utilize the innovation to see which parties on a record have made, issued and proposed corrections to an information record. In […]

Bitcoin and the Brave Future of Browsers Josh Metnick is a veteran entrepreneur and startup investor, most recently serving as VP of Blockchain Strategy for Raise Marketplace Inc and CTO of Wrapports LLC, the parent company of The Chicago Sun-Times. In this opinion piece, Metnick argues that a new bitcoin-powered browser called Brave could not only bring users a more private and ad-free Internet experience, but it could also claw back much needed revenue for online content providers, too. “Don’t ever try and be like anybody else and don’t be afraid to take risks.” – Waylon Jennings. The first question I typically ask a founder or co-founders is a simple one: “Why did you name your company X?” I want to know the story behind the name. In my experience, the best stories, the deepest stories, tend to convey the mission, the ambition, the scope and the culture of the founding team. For example, I remember walking down Michigan Avenue in Chicago with Andrew Mason while he was explaining this new company concept called The Point. My first question was; “Andy, if you tell 100 people to visit ThePoint.com, how many are going to type in Point.com, a domain that somebody else owns?” In the […]

New Microsoft-Powered Blockchain Project Microsoft runs a centralised treasury for more than 350 legal entities in 118 countries. The company has more than 1,100 bank accounts in over 100 institutions worldwide. At the height of the recent global economic crisis, each dollar held in local subsidiary managed accounts faced increased counterparty risk, sovereign risk, foreign exchange fluctuations, and risk of fraud. To address these issues, and to reduce the exceedingly time-consuming and manual process of funding payroll for more than 200 subsidiaries, Microsoft’s Global Cash Management (GCM) and Global Cash Operations (GCO) teams worked with the company’s banking partner, Citi Global Transaction Services (GTS), to develop an appropriate strategy. “The company wished to reduce average daily balances by automating the collection sweeps and implementing a just-intime funding model for subsidiary disbursements,” explains Jim Scurlock, Senior Manager, Cash Planning at Microsoft. A cross-border inter-company zero balance account (ZBA) structure was put in place. According to Scurlock, Microsoft’s treasury faced two significant obstacles in executing its plan. “The first was a need for ZBA structure with customised text capability. Although many multinational banks have a ZBA product, no bank offered a solution to contain customised texts in the transaction details. However, this […]

Why Tech Giant Ericsson Wants Blockchain 'Fingerprints' in the Cloud Swedish telecom networks company Ericsson has built a system for ensuring data integrity, leveraging blockchain to underpin its growing presence in the cloud. Erik Forsgren, the company’s director for portfolio management, said that the company has had its system up and running since January. It grew out of a partnership with GuardTime, a data security startup, first inked in 2014. The company, which dates back to the late 1800s and employs over 100,000 people worldwide, is a major player in the global telecom solutions marketplace, reporting over $6bn in second-quarter sales for this year. However, competition from China and a growing need to innovate in a fast-moving ecosystem has put the company on the defensive, pushing it to slash jobs and look to places like the cloud for new paths to growth. But Ericsson is far from alone in exploring the technology in a bid to keep data honest. Blockchains have long looked at as a means for providing a record of how data changes over time, with startups and individual developers focusing on the question of data integrity using both the bitcoin blockchain and other implementations. The state of Vermont even passed legislation earlier this year to […]

Ethereum Classic Divided Over the Proposed Hardfork Ethereum is to hardfork within 85 hours with little if any apparent controversy as the community moves quickly to address dos vulnerabilities. Ethereum Classic however seems divided regarding a proposed hardfork to solve an underlying fault that has lead to numerous dos attacks. The argument concerns null accounts that contain no balances or code and are fully empty. Ethereum developers have proposed the removal of this “state-bloat” as apparently the attacker could create as many null accounts as he wishes at effectively no cost to himself, but at a cost to the network in storage and perhaps memory usage. Technically, this is a “violation of immutability”, says one active member of ETC’s community opening a debate that has apparently led to the formation of a small community arguing that the hardfork would breach ETC’s main reason for existing, immutability. Therefore, they are to continue ETC’s current chain as ETC Uncensored, splitting ETC’s currency and tiny community. In comparable arguments made during the DAO debate, practicality and functionality is raised on one hand, with one commenter suggesting that immutability is “worthless in a dead chain” and idealistic principles on the other with some arguing […]

The DAO (Decentralized Autonomous Organization) Attack David Siegel is a blockchain strategist and speaker, founder of Kryptodesign.com and curator of DecentralStation.com, a place to learn about blockchain.  In this piece, Siegal attempts to help journalists understand what happened when The DAO collapsed and why he believes it’s important for the press to get the story right.  The article will be updated on Medium as the situation develops. Disclaimer: Siegal owns a small number of DAO tokens.  The basics The ethereum network is a network of computers all running the ethereum blockchain. The blockchain allows people to exchange tokens of value, called ether, which is currently the second most popular cryptocurrency behind bitcoin. ethereum also allows people to write and put on the network smart contracts  – general-purpose code that executes on every computer in the network (currently over 6,000 computers). People then execute these programs by sending ether to them. A DAO is a Decentralized Autonomous Organization. Its goal is to codify the rules and decisionmaking apparatus of an organization, eliminating the need for documents and people in governing, creating a structure with decentralized control. Here’s how it works: A group of people writes the smart contracts (programs) that will run the organization There is […]

Every country needs US dollars if it wants to buy crude oil. This may soon change as a market selling crude oil for Bitcoin has emerged. The term ‘petrodollar’ has been thrown around since the 1970s. Dollars for oil have been the principal source of earning for many oil producing nations in the Middle East, as well as in other parts of the world. However lately the petrodollar has been under a considerable amount of strain. Many have predicted its imminent demise based on a multitude of reasons such as Iran wanting to be paid in Euros for its oil sales, and the Russian President Vladimir Putin trying to get his country to move away from pricing its oil in the US currency. Yet among all of these developments perhaps the biggest alarm bell that has been ringing for the petrodollar has been the strained relationship between Saudi Arabia which is the fiefdom of the house of Saud and the United States. A sweetheart deal gone sour It has been the case for decades that the US and Saudi have had an understanding which involves the US protecting the House of Saud and, in return, the Saudis only pricing their […]

India is the world’s largest receiver of remittances. Besides making it faster and easier, Bitcoin could help India save up to $7 billion in fees paid to international remittance companies and add this amount to the country’s wealth. According to India’s Economic Times, foreigners living in Gulf countries, most of which are Indians, sent about US$100 billion in remittances. A lot of these Gulf-based Indians are working as blue collar workers and have families that are dependant on them back home. However, there is not only money being sent back to India. In fact, a lot of money is also flowing out. Ibtimes.co.in reports that in FY 16, Indians sent US$4 billion alone to students studying outside the country. Traditionally, all this money is sent by parents who are supporting the higher education of their children. Most Indian people tend to either use wire transfer services like Western Union or Moneygram or banking channels like SWIFT. Western Union in India has a partnership with India Post, the Indian post office that allows them access to nearly 10,000 post offices throughout India. The Western Union network is well recognized in India and they have over 110,000 agents in the country. The […]

Ethereum Classic Hardforks Successfully Ethereum Classic forked for the first time this morning to address a number of dos attack vectors that have affected ETC’s network for weeks. The upgrade faced no technical problems, with most of the network and miners smoothly transitioning from the old client to the new Gas Price Hardfork client. However, ETC’s price has not reacted positively, falling by more than 3% in contrast to Eth’s price which rose by almost 10% after it successfully hardforked last week. ETC’s price may be a reaction to bitcoin’s gain in value –  itself arguably because some miners have publicly called for a bitcoin hardfork at the miner’s conference this week – but the lackluster response to ETC’s fork may also reflect concerns regarding the second hardfork to clear bloat caused by empty accounts as some in ETC’s community argue the upcoming second fork violates immutability principles because empty accounts would be removed, even though the attacker followed the rules when creating them. Emin Gün Sirer, Cornell Professor, publicly stated: “The ETC github page has some nice aspirational text about execution “free from … subjective tampering with transactions.””   Nonetheless, ETC developers seem to have reached an overall consensus […]

12 R3 Member Banks Trial Cross-Border Payments with Ripple’s XRP over its Blockchain Twelve member banks of the R3-led banking blockchain consortium and the New York-based startup have trialed Ripple’s native digital currency token XRP, using the Fintech startup’s blockchain technology. The trials were conducted at R3’s lab in an effort to demonstrate cost-cutting and increased efficiency of cross-border payments using Ripple’s ‘digital asset’. The twelve R3 member banks involved in the trial include Barclays, BMO Financial Group, CIBC, Intesa Sanpaolo, Macquarie Group, National Australia Bank (NAB), Natixis, Nordea, Royal Bank of Canada (RBC), Santander, Scotiabank, and Westpac Banking Corporation. The traditional process for cross-border payments sees banks allocate liquidity among nostro accounts, which are localized bank accounts particular to the country, around the world. These nostro accounts require capital to be funded by the banks partaking in a cross-border payment transaction. Ripple sees its blockchain platform and its token currency XRP, to circumvent the inefficiencies of the current cross-border payment procedure used by the banking system. Elaborating on the trials, Ripple’s accouchement reads: “This trial introduced XRP to test the feasibility of reducing or retiring the use of current nostro accounts for local currency payouts.” Ripple claims that XRP […]

Internet of Things (IoT):Business with Blockchain technology The Internet of Things (IoT) is a fast-growing industry destined to transform homes, cities, farms, factories, and practically everything else by making them smart and more efficient. According to Gartner, by 2020, there will be more than 20 billion connected things across the globe, powering a market that will be worth north of $3 trillion. But the chaotic growth of IoT will introduce several challenges, including identifying, connecting, securing, and managing so many devices. It will be very challenging for the current infrastructure and architecture underlying the Internet and online services to support huge IoT ecosystems of the future. This is something that can perhaps be solved through blockchain, the distributed ledger technology behind cryptocurrencies such as Bitcoin and Ethereum, which is proving its worth in many other industries, including IoT. Blockchain will enable IoT ecosystems to break from the traditional broker-based networking paradigm, where devices rely on a central cloud server to identify and authenticate individual devices. The blockchain security model While the centralized model has worked perfectly in the past decades, it will become problematic when the number of network nodes grows into the millions, generating billions of transactions, because it […]

Understand: Blockchain and Smartcontract A smart new world: blockchain and smart contracts What if a legal agreement could be monitored, executed and enforced without the need for human action or interference? Imagine a world in which a string of code could recognise the fulfilment of conditions, automatically transfer assets at the agreed times and register those transfers. That is the world of the smart contract. What is a smart contract? A smart contract is a piece of computer code that is capable of monitoring, executing and enforcing an agreement. On the one hand, code that states: “if X occurs then do Y” is not a new concept. It is how conventional code has long interacted with existing systems. Monthly direct debits out of a bank account for example. However, a smart contract takes such coding, and combines it with the potential of the blockchain to interact with multiple financial systems, asset registers and more. What could a smart contract do? By placing a smart contract on a public, permissionless blockchain, control over the execution of the agreement would no longer be in the hands of a single party (e.g. a bank) and interaction would no longer be limited to closed […]

Ledger Launches Hardware Wallet for the Smart Contract Era Hardware Wallet is a special type of bitcoin wallet which stores the user’s private keys in a secure hardware device. Ledger, the French company known for its range of bitcoin hardware wallets, has launched a new extension of its product line: the Ledger Blue. Billed as “the most advanced hardware wallet on the market today”, the Ledger Blue is a significant departure from the thumbdrive style of Ledger’s previous products. With a 320 x 480 pixel screen (along with BlueTooth and near-field communication (NFC) capability), it’s a handheld touchscreen device that can run a number of different applications. In a video call, Ledger CEO Eric Larchevêque talked to CoinDesk about the product’s evolution, design philosophy and target market. Support for smart contracts Ledger launched its first product, the Ledger Nano, in December 2014, marketed at the time as a small, secure and low-cost hardware wallet. Then, earlier this year, the Nano S was released – a line extension that included both a small LED screen and support for other cryptocurrencies like ethereum and litecoin. (Ultimately, it was hailed as a more affordable competitor to the popular Trezor wallet). The launch of the Blue now comes […]

How Will Blockchain Change Banking? How Won’t It? Our global financial system moves trillions of dollars, serves billions of customers and supports a global economy worth more than $100 trillion. Imagine what it could do, were it not in such shoddy condition. It is antiquated, a kludge of industrial technologies and paper-based processes dressed up in a digital wrapper. It is centralized, vulnerable to data breaches, systems failure and terrorist attack. It is exclusive, denying billions of people access to basic financial tools. It is opaque, baffling monetary policy makers and financial regulators, thanks to the compartmentalization of oversight. And it is monopolistic, lobbying for the status quo and stifling disruptive innovation. Enter blockchain, the vast global distributed ledger running on millions of devices and open to anyone, where not just information but anything of value — money, equities, bonds, titles, deeds, contracts and virtually all other kinds of financial assets can be moved and stored securely and privately- and where trust is established, not by powerful intermediaries like banks, governments and technology companies, but rather through mass collaboration and clever code. Blockchain entrepreneurs and incumbents alike are working to resolve the limitations of the antiquated financial system by using […]

While Bitcoin has received the lion’s share of attention since its conception, recently the Blockchain — the distributed public database used to record Bitcoin transactions — has just begun entering the spotlight for enabling some important capabilities outside of Bitcoin. “It’s my belief that Blockchain technology will be as important to the world as Gutenburg’s printing press,” Nic Cary, cofounder of Blockchain.info, told me recently. “For the first time in the history of the world we can reimagine how the world transacts without relying on an intermediary.” Here are four unexpected ways the Blockchain might change the world: 1. Distributed Cloud Storage The Blockchain has already been manipulated to store information in unscaleable ways. A niche storage trick is sending small amounts of Bitcoin to addresses that represent information when converted into a Unicode format. For example, the above image of Nelson Mandela is recorded in this transaction. Besides being a hobby for techies, Blockchain data storage could be disruptive. Current cloud storage services are centralized — thus users must place trust in a single storage provider. With the Blockchain, this can become decentralized. For instance, Storj is beta-testing cloud storage using a Blockchain-powered network to improve security and decrease […]