Crypto Updates

30/08/2021

WHAT IS "BLOCKCHAIN TECHNOLOGY" AND HOW IT WORKS?

✔️ The blockchain technology was first outlined in 1991 by Stuart Haber and W. Scott Stornetta, two researchers who wanted to implement a system where document timestamps could not be tampered with. With the launch of BITCOIN in January 2009, that blockchain had its first real-world application.

✔️ The blockchain can be thought of as a distributed DATABASE. Additions to this database are initiated by one of the members (i.e. the network nodes), who creates a new “block” of data, which can contain all sorts of information. This new block is then broadcasted to every party in the network in an encrypted form (utilising CRYPTOGRAPHY) so that the transaction details are not made public.

Those in the network (i.e. the other network nodes) collectively determine the block’s validity in accordance with a pre-defined algorithmic validation method, commonly referred to as a
“consensus mechanism”. Once validated, the new “block” is added to the blockchain, which essentially results in an update of the transaction ledger that is distributed across the network.

✔️ The blockchain is a specific type of DATABASE.

One key difference between a typical database and a blockchain is the way the data is structured. A blockchain collects information together in groups, also known as blocks, that hold sets of information. Blocks have certain storage capacities and, when filled, are chained onto the previously filled block, forming a chain of data known as the “blockchain.” All new information that follows that freshly added block is compiled into a newly formed block that will then also be added to the chain once filled.

✔️ NO MIDDLEMAN IS REQUIRED ANYMORE?

One of the key advantages of blockchain technology is that it allows to simplify the ex*****on of a wide array of transactions that would normally require the INTERMEDIATION OF A THIRD PARTY (e.g. a custodian, a bank, a securities settlement system, broker-dealers, a trade repository, etc.). However, it is important to underscore that it may also expose interacting parties to certain RISKS that were previously managed by these intermediaries.

Sources: https://www.investopedia.com/terms/b/blockchain.asp -vs-blockchain,https://www.europarl.europa.eu/cmsdata/150761/TAX3%20Study%20on%20cryptocurrencies%20and%20blockchain.pdf

30/08/2021

WHO WE ARE?

✔️ Our company with innovative vision was born in 2021 with objective to provide in-depth insights, and unbiased information to all participants in the cryptocurrency and digital asset industry.

✔️ We are completely opposite from the Financial Pyramid and any other type of business model that recruits members via a promise of payments or services for enrolling others into the scheme.

✔️ If you are open mind, ready to risk, ready to invest in long term projects, we welcome You to join our Crypto Community.

OUR MISSION

✔️ We strongly recognize the influence of Cryptocurrency on the world economy and the environment, this is why our main objective is to rightly educate people about this new “digital wave” in the world economy system.

✔️ We are here to provide the assistance to those who are ready to move from theory to practice and start to earn today.

✔️ We would like to invite you to very challenging and at the same time profitable journey, where You will be able to learn & earn at the same time.

OUR PRODUCTS

✔️ We offer the educative online course "How to move from theory to practice and earn today?”, with the most frequently searched and interesting topics for beginners.

We have an advantage over other companies. Before start the course in any other institution, you need to pass the criteria and be approved, on the contrary, our team use an accessible and straightforward language, it means that anyone without even having any IT or Economic background can earn valuable knowledge in this Digital Age.

✔️ We sale graphic cards for mining + provide preliminary consultation with our specialist (optional) + offer the guide to how to register on the Binance cryptocurrency exchange platform (optional).

✔️ We provide the individual assistance for beginners in trading and staking processes.

❗️Dear customers, please be aware, our specialists are responsible to provide the guidance, reliable and updated information, however, all the decisions and choices is the RESPONSIBILITY OF THE CLIENT.

26/08/2021

SHOULD THE VIRTUAL CURRENCIES (Bitcoin, Ethereum and other digital assets) BE TAXED?

A new push by U.S. Congress to require crypto brokers to report transactions to the Internal Revenue Service (IRS) could create some unwelcome tax bills but could clarify rules for traders and users of Bitcoin and other digital tokens, potentially strengthening the system in the long run.

People who trade digital currencies must pay income taxes on any gains, even if some crypto investors have been ignoring their tax obligations. But even for those who want to follow the law, it can be difficult to keep track of what's owed.

While traditional stock brokerages are already required to send detailed tax forms to clients, CRYPTO EXCHANGES ARE NOT.

Cryptocurrency exchanges and others in the industry have raised concerns that the U.S. Senate is rushing the rules into effect without consulting them first.

The most important question is that, what would be the tax consequences for crypto investors?

Some of the crypto experts believe that legal regulation is required in the crypto space in order for wider adoption to take place, for legitimize the crypto ecosystem and foster international growth.

Check more at https://www.google.pt/amp/s/www.ndtv.com/business/crypto-investors-get-ready-for-more-taxes-but-clearer-rules-2500430%3famp=1&akamai-rum=off

25/08/2021

HAVE YOU EVER HEARD ABOUT THE "CHIA" COIN (XCH) - THE NEW GREEN CRYPTOCURRENCY?

Let's have a look to some of the FAQ about Chia.

✔️ What is Chia Cryptocurrency?

Chia was developed by Bram Cohen, the founder of BitTorrent, in 2017 to develop an improved blockhain and smart transaction platform. He wanted to reduce the energy dependence of blochains through a "green" option and build the Chia Network to improve the global financial and payments systems.

In 2018, Chia raised $3.395 million in startup funds. Like other cryptos, Chia is designed to be an international, digital currency that is harder to steal than cash.

✔️ How is it different from Bitcoin?

Chia and Bitcoin have a lot in common. They are the only two cryptos that use the original Nakamoto Consensus algorithm. The main difference is the way the coins are created. Where Bitcoin uses Proof of Work, Chia uses Proof of Space and Time.

✔️ Why is Chia a Green Cryptocurrency?

Chia is the greenest cryptocurrency because Proof of Space and Time replaces Proof of Work.
- Proof of Work (In the Proof of Work model, people used powerful computers to solve difficult puzzles. This is called "mining" and is very energy-intensive).
- Proof of Time and Space (Chia's Proof of Space and Time uses the bits of unused storage on almost any computer as a "plot" and calls this process "farming".

Chia isn't perfect, though. Many supply chains were impacted by COVID-19 and have yet to recover. Chia went public in May 2021. Already, excitement over farming Chia has caused shortages in hard drives and solid-state drive, or SSD, supply chains. This is expected to be a temporary issue during the life of Chia, but currently, it's undermining Chia's green status.

✔️ How do you get Chia?

Still thinking about investing in Chia? There are two ways you can go about getting your hands on some.

1. Buying Chia
2. Farming Chia

✔️ Is it worth buying Chia? How can I buy it?

Chia now supports transactions, so the buying and selling of chia is live.
Chia hasn't been around long enough to really prove itself, especially with the big claims made by its founder and president. IF YOU BELIEVE in the idea of cryptocurrency as a whole, have an environment mindset and of course the financial possibility to invest, Chia might be the right coin for you. BE SURE TO EDUCATE YOURSELF ON INVESTING IN CRYPTO BEFORE YOU GET STARTED, or DYOR (Do Your Own Research).

✔️ Meaning of Farming Chia.

The more storage space you have available for Chia, the more likely you to win a BLOCKCHAIN. If you have 10 TB dedicated to farming Chia, your chance of winning one is only 0.000052%. This sounds low, but if you aren't using the space, you may as well put it to use.
Chia may not take extensive processing power, but it does still take time. The plots have to plowed. For larger storage spaces, that can take days.

You can check more information at the official website https://www.chia.net/

24/08/2021

A MAJOR ETHEREUM NETWORK UPGRADE IN 2021 / EIP-1559 OR “London hard fork”

The “London hard fork” has been preceded by significant growth, with Ethereum climbing over $2,600 (£1,900) on 1 August, before dipping slightly.

There are hopes the upgrade could lead to continued growth for the world’s second largest cryptocurrency.

Ethereum developers are planning to totally overhaul the coin’s network next year, which is expected to further impact its price.

Read more about the new Ethereum Improvement Protocol 1559 at

One of the major changes alters the way transaction fees are calculated, ideally smoothing them out and making them less volatile.

24/08/2021

ETHEREUM TO SURPASS BITCOIN IN 5 YEARS

Ethereum’s Ascent To The Top Of The Cryptoverse Is Unstoppable, Asserts DeVere Group CEO.

Ethereum has witnessed noticeable growth this year as the much-awaited EIP-1559 upgrade, which was part of the London Hardfork, went live. Courtesy of these updates, Etheruem had a wild run, defeating that of Bitcoin by a wide margin.

While Bitcoin is up by around 50% so far this year, Ethereum has gained over 300% during this same period. Moreover, Ethereum has not only managed to outperform Bitcoin in the first half of 2021, but it has also beaten all other benchmark assets, too.

Given the aforementioned reasons, Green claims that Ethereum would manage to eventually surpass Bitcoin by 2026. “Ultimately, this will mean that its value will exceed that of Bitcoin – probably within five years,” he said.

Despite being bullish on Ethereum, the deVere CEO is also optimistic about Bitcoin. “That said, I remain confident that Bitcoin will hit, or even surpass its mid-April all-time high of $65,000 by the end of 2021,” he said.

Nevertheless, Green believes that Ethereum is unstoppable and it would be just a matter of time for it to outperform Bitcoin. “There will be peaks and troughs along the way of course, but Ethereum’s ascent to the top of the cryptoverse seems unstoppable,” he said.

With Ethereum’s exceptional performance during 2021, the subject of Flippening is being debated more than ever. In July, the major investment firm Goldman Sachs predicted that Ethereum would overtake Bitcoin as the prevailing digital store of value in the near future.

Official source: https://zycrypto.com/ethereums-ascent-to-the-top-of-the-cryptoverse-is-unstoppable-asserts-devere-group-ceo/