Cryptotips George Shnurenko

Best NEM Wallet: Where to Store NEM?

💡 Cryptotips
NEM is an important cryptocurrency, especially in the East, and as such, it is good to know how to store this asset
Best NEM Wallet: Where to Store NEM?

Where to store your NEM XEM cryptocurrency? Let’s overview top NEM wallets that ensure the safety of your assets and private keys, and provide you with an easy and fast access.

NEM (New Economy Movement) is an innovative Blockchain platform for developers who want to create applications using ready tools and instruments. Its native token, XEM, is one of the top 20 world cryptocurrencies and has recently received a lot of attention from cryptocurrency specialists. If you want to make an investment and purchase XEM tokens, it’s high time to find the best digital NEM wallet– we’ve prepared some guidelines for you, as well as the list of best NEM wallet options.

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How to select the best crypto wallet for NEM?

When on the lookout for a wallet to store cryptocurrency, you need to take the following aspects into consideration:

  • Compatibility. First and foremost, you need to make sure that the chosen wallet supports XEM or any other currency you’re going to store. Secondly, make sure that your OS and device can run this wallet app.

  • Security. The best wallet to store NEM is the one that keeps your assets safe and secure. Hacking is always a risk when you own a crypto wallet, so read reviews about its reputation, find out where there are such features as holding your own private keys and two-factor authentication.

  • Customer support. Will you be able to get help as soon as possible in case of technical issues? Check the wallet’s reputation and read reviews.

  • Backup features. If the wallet has decent backup features, you’ll be able to recover the funds in case of access loss.

  • Development and updates. Find out who are the team standing behind the wallet, and whether they update the wallet regularly– it’s crucial for security.

NEM NanoWallet

This is the best wallet for NEM from the point of accessibility and functionality: Nano Wallet is compatible with many platforms (Windows, Mac, Linux) and allows managing XEM account and mosaics. Besides, you can send messages to any address or namespace. The platform features instant exchanges powered by Changelly– a convenient option for everyday use.

The wallet is easy in use: you can have on-chain multi-signature and multi-user accounts, and since December 2017, it supports TREZOR integration for securing your tokens. While Nano Wallet is the best NEM wallet for Windows, it’s not convenient for mobile devices.

NEM NANO wallet interface

NEM mobile wallet

When it comes to the best NEM wallet Android and iOS devices support NEM Mobile Wallet software– it features a simpler interface and navigation. The application is free and perfect for managing your NEM accounts. Security options are up to the mark: the app supports multi-signature functionality, which means you can store and encrypt your private keys and other crucial data right on your device. The speed of transactions is fast, though some users reported facing problems and bugs.

NCC (NEM Community Client)

You’re a lucky owner of 10,000 XEM and want to start harvesting? NCC is the very best NEM wallet for those who need advanced features, such as harvesting and delegated harvesting. This app is compatible with Windows, Mac and Linux, but before installing it, make sure that your computer isn’t contaminated with viruses, and you use a strong password.

Freewallet

Need the best Bitcoin wallet on Android with Ethereum, NEM and other currencies supported? Opt for Freewallet: it offers a smart intuitive interface and mobile-first experience. It has the following advantages:

  • The assets are stored in offline vaults– unbeatable security against attacks is guaranteed.

  • If you accidentally lose your device, you can have the account frozen from any other Android or iOS gadget.

  • Two-step authentication is possible: you can enable additional security code, or activate verification via email, or mobile phone number.

What else makes it the best wallet for NEM XEM? The exchange service is free– with smart transactions, it doesn’t matter which currency you have. Just set up the currencies you need, or send between Blockchains without exchange services.

TREZOR

Ready to pay for the security of your virtual currency? Then TREZOR is the best NEM coin wallet that provides you with total management of your private keys– they simply won’t leave your device. How? Because TREZOR is the physical best wallet for NEM– for some $80, you get a small gadget that fits in your pocket and stores all your passwords, emails, and accounts.  TREZOR can be connected to Mac, Windows and Linux PC.

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TREZOR hardware crypto wallet

What should I use?

Let’s summarize and figure out what’s the best XEM NEM wallet for you.

NEM Wallet

What is it recommended for?

NEM NANO wallet

A nice solution for users who mostly use PC and need a versatile wallet with decent customer support and total management of private keys.

NEM Mobile Wallet

Those who mostly use iOS or Android devices will find this app useful and convenient.

NCC

XEM holders who want to start harvesting and store large sums of tokens.

Freewallet

Mobile users who need a versatile and safe solution.

TREZOR

Holders of multiple wallets and account who need the ultimate security of their private keys.

The Internet is full of various free and paid wallets– select the one with a heavy focus on convenience and security, and you won’t face problems managing your NEM coins.

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Past ICO Review: How Real Product Failed to Boost Token Sales

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Small company offers microloans to stimulate economic well-being of developing nations, but its ICO results are mixed
Past ICO Review: How Real Product Failed to Boost Token Sales

The developing world has a challenge: people have the skills they need to start a business and bring themselves out of poverty, but there is no easy way for them to get the credit to buy the capital equipment they need to get started. According to Micromoney’s website, “100 out of 196 countries in the world serve as a home for two mln unbanked people, who use cash only, do not have any credit history and do not have access to any financial services.” Here is where Micromoney steps in.

It is an automated open-source credit and big data bureau that promises to provide instant credit check and microloans to users in 15 min via their smartphone. The platform also claims that users can pay lower interest rates and earn better credit scores the more they use the platform.

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Crypto backed by a real product

Micromoney claims it is backed by a real product unlike many of the other cryptos out there. The following are important points made by the company:

  • Built on Ethereum

  • Smart contracts eliminate the intermediaries and provide fast service

  • Open source software that is free and transparent  

  • Financial inclusion of more than two bln people

  • Create a digital identity

  • Massive future growth and expansion into more than 100 countries

The ICO

For a small company founded in Cambodia, the token sale commenced on Oct. 17, 2018 and raised $10.5 mln. Despite what the company wants to do, the sales figures are a bit lower than expected. Despite that, the company has grown and expanded since its founding in 2015.

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Short timeline of achievements

2015 — Cambodia: In December 2015, the company started with: $30,000 of initial capital, three employees, first 20 customers, and all the processes were executed in Excel and Google Docs.

2016 — Expanded into Myanmar. Work began to develop the Decentralized Credit Bureau, grew to 35 people working for the company. 23,000 unique registered users.

2017 —Expanded into Indonesia, Sri Lanka, and Thailand In 2017, the team increased to 85 people now 95,000+ unique registered users.

2018-- The company expanded into the Philippines and is ready to expand into the following countries:

  • Hong Kong

  • Vietnam

  • China

  • Malaysia

  • Singapore

  • Nigeria

The above countries have a large populace which will truly benefit from microcredits and loans. This will help raise the standard of living in these counties, too. The more people that can get the loans to start their businesses, the better their financial situation, which should spread to others and raise the quality of life over time.

The team behind the coin

Sai Hnin Aung -  Co-founder, COO. Serial Entrepreneur, experienced business development professional, investor, strategic leader, and executive with more than 18 years of experience in microfinance & financial services, new loan products initiative, risk management, business start-up, financial analysis.

Anton Dzyatkovskiy -  Co-founder, IT & Scoring. Lending Director in Everex, a payment crypto.

Token trading unimpressive

Micromoney (AMM) entered the market on Dec. 17, 2017 at $0.50 per token. In January, it rocketed upward to a high of $2.42 per token before falling back down in late January to $0.81 and then remaining relatively flat through March and April. At the time of writing, AMM is trading at $0.30 per token, rather unimpressive for all the expansion and growth taking place.

The coin is currently ranked at 747 on Coin Market Cap. On the one hand, this is a small company that is working in developing countries, on the other it has some great potential should it take off and continually grow and expand its operations. Perhaps, another ICO would be the shot in the arm this company needs to raise its profile among investors and the general public.

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Is Mining Ethereum Worth It in the End of 2018?

📚 Wikicoin
Is mining Ethereum worth it? Find out what ETH mining profitability is, and what the best cryptocurrency alternatives to Ethereum mining are.
Is Mining Ethereum Worth It in the End of 2018?

Mining is still considered to be one of the fastest and cheapest ways to become a proud owner of cryptocurrency riches. It seems to be easy-breezy: you install a mining rig, maintain its 24/7 functioning, and reap the profit.

However, not all cryptocurrencies are equally simple in mining. Is Ethereum worth hunting for at the end of 2018? It’s time to debug the myths.

What is Ethereum mining?

The process of Ethereum mining is pretty much the same a Bitcoin’s. For every block of the transaction, miners their computational power to solve mathematical puzzles until one of them wins. The first miner to process the data is rewarded with coins.

As explained by BTC manager:

“For the uninitiated, mining involves running the computer continuously as all the systems on a network compete among each other to solve complex numerical problems. The first system to crack the problem earns a set amount of ether or Bitcoin.”

Technically, miners run the block’s unique metadata (such as timestamp and software version) through a hash function and change the ‘nonce value’ that influences the hash value. If one miner finds the hash, other miners stop working on the current block and are automatically redirected to process the next block. This approach is called ‘proof of work’. In the nearest future, Ethereum team plans to make the switch to ‘proof of stake’ protocol.

image

Typically, a miner finds a block every 12-15 seconds. If miners start solving the puzzle too quickly or too slowly, the algorithm automatically changes the difficulty of the problem so that miners would get back to the 12-second solution period.

Does it mean that the chance to get a block depends on luck?

Both yes and no. With Ethereum mining, luck and the amount of devoted computing power are important.

ETH mining profitability: What it depends on?

Every crypto enthusiast should decide for oneself whether mining Ethereum worth it in their personal case. There are a few factors you should consider before buying hardware or a cloud mining contract.

  • Hash rate. This is the rate at which a mathematical problem is being solved to verify a transaction. The higher the hash rate, the better will be Ethereum mining power.

  • Difficulty level. As we’ve mentioned, Ethereum algorithm adjusts the difficulty of mathematical puzzles according to the speed miners resolve them to keep the 12-second mining time. Therefore, the more miners join the game, the higher will be the difficulty level.

  • Electricity consumption. Buying mining hardware isn’t enough: you have to keep it running by providing a continuous power source and cooling. That means enormous electricity bills. Is it worth to mine Ethereum when your earnings don’t cover electricity expenses? Definitely, not.

Add to that the cost of mining hardware, and you will understand that mining for Ethereum is a bit more complicated than most people think.

Look at the picture: the recent price falling has caused recession of users, and, consequently, lower difficulty. However, it is still enormous compared to other cryptocurrencies and initial condition.

image

Cloud vs hardware mining

If you don’t want to spend thousands of bucks on mining equipment, there’s always a chance to buy a contract for cloud mining – in this case, you won’t have to do anything at all. However, the most profitable contracts are typically concluded for at least a year or two. The hash rate stays the same while the difficulty level continues growing. That means that the contract that was once profitable may become totally useless within a few months.

Besides, it’s highly important to find a reliable cloud mining website – there’s a huge amount of scams and frauds.

Is mining Ethereum worth it?

Let’s face the truth: the biggest profits have already been gained. During 2017-2018, Ethereum raised in price considerably, and that attracted a lot of people. Millions of miners became suddenly interested in this way of making profit, so the difficulty of mining has risen enormously.

To top it off, the current situation on the market has made things only worse: Ethereum fell in price from $1,300 to $88. That totally devalues the process of mining.

image

What do experts say?

According to the recent report from CNBC, cryptocurrency market will soon be filed as a history – this activity is no longer profitable.

A recent study by Susquehanna proves that it’s not worth mining Ethereum anymore: the profits per month have fallen from $150/month in summer 2017 to almost zero today.

This situation mostly takes place due to Ethereum price nosedive: it has caused a domino effect on the entire mining industry. The process becomes unattractive to miners and that affects the hardware producers. For example, Nvidia GPU and chip manufacturer has lost about $100 mln because of that.

Here’s what the company’s representative said:

“We estimate very little revenue from crypto-related GPU sales in the quarter, consistent with management’s prior commentary that they were including no contribution from crypto in their C3Q18 outlook.”

Such mining giants as Bitmain have managed to create a monopoly in the digital mining market: recently, Bitmain’s hashrate already exceeded 40% on the Bitcoin network, and it is going to reach the threshold of 50%. But with Ethereum, things are different.

What’s the trick?

Here’s another hidden pitfall: the specific proof-of-work algorithm used by Ethereum (it’s called ‘ethlash’) is made so that mining would be harder with expensive ASICs – special mining chips.

That means that dedicated ASICs aren’t suitable for mining Ethereum. Besides, since Ethereum will move from proof-of-work to proof-of-stake protocol, buying an ASIC might be a bad idea because it won’t serve long.

Is Ethereum worth mining with a PC or a smartphone? Again, not – they won’t provide enough calculating power. Before you select any hardware or cloud mining plan, make thorough calculations – it will give you the understanding of perspectives and risks.

image

So, I stand no chance?

If you build a mining rig in hope for Ethereum difficulty to decrease with the number of miners subsiding, that won’t make any sense. However, you can switch to another cryptocurrency – this might be a great chance to compensate for hardware and electricity expenses.

The worthiest cryptocurrencies with optimal difficulty are:

  1. Monero. This is a digital currency for anonymous transactions. Its network was specifically tailored to resist implementation of Monero ASICs, that’s why this coin can be mined on your home computer. The mining process is simple: download a wallet to store coins (the official Monero GUI is recommended). Now download the software that supports Monero, for instance, guiminer or MultiMiner. Once you install it, the software will use the processing power to generate profit for you. If you want to get maximum coins, use AMD graphic cards – they’re in short supply, but you can still find some. For example, Nvidia graphic cards are still available.

  2. Dogecoin. Opposite to Bitcoin, Dogecoin cryptocurrency was made to add new coins annually. That’s added incentive for all miners participating in the process. The process of mining is the same: create a wallet, use your personal computer to install mining software. AMD and Nvidia cards can be used to boost the process. If you choose GPU mining, then install cudaminer or the cgminer software. Note that mining Dogecoin doesn’t impact your device because the process is running on the background.

  3. Vertcoin was created specifically for minor mining operations: it uses proof-of-work consensus, but is protected against mining by ASICs. Therefore, huge mining operations cannot dominate the Vertcoin Blockchain as it happened to Bitcoin. Implementing its philosophy of developing “the people’s coin’, the team created a special miner for generating VTC. This software can be downloaded for free from the official website, and supports CPU and GPU mining. Once you install and download the software, you will need to select a mining pool depending on the amount of available computing power. At the moment, Vertcoin can be mined with AMD and Nvidia graphic cards.

  4. Bytecoin. This is another cryptocurrency that can be mined on a home computer. Bytecoin puts an emphasis on solo mining – it’s designed to be an easy process for Bytecoin users. They only need to download a wallet and run software on their computer: when the program synchronizes with Bytecoin’s Blockchain, the wallet should be specified. To boost earnings, it’s better to join a mining pool that supports CPU mining. bytecoin.party is a good case in point – it doesn’t charge fees. Alternatively, you can download compatible mining software, for example, xmrig. GPU mining is also available.

If you doubt whether Ethereum mining worth it, try altcoins – there are still many decent variants around. Considering the volatility of coins, you can still benefit from price fluctuations. There’s no need to own a huge mining rig – even your PC can generate you a small income. Just keep an eye on electricity costs.

Bottom Line

So if you still ask yourself “Should I mine Ethereum?’’, change your mind. The difficulty is too high to handle it. The cruel truth is that mining cryptocurrency is not a ‘get-rich-quick’ scheme anymore. This is a business in which people invest a lot of money and time before they enjoy a substantial passive income.

While mining solo is still available, it’s highly recommended to join a mining pool because you will reap benefits from a larger supply of processing power and speed which will result in better returns. MultiPool, CoinEx are among the most well-established mining pools.

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Cryptotips George Shnurenko

5 Ways to Earn Passive Income with Cryptocurrency

💡 Cryptotips
Earning passive income via cryptocurrency can be exciting if done right- but be cautious
5 Ways to Earn Passive Income with Cryptocurrency

The following article and information provided in it shouldn’t be taken as an investment advice. Remember, you’re doing investment into cryptocurrencies always at your own risk.

Some individuals who earn fat salaries are gawked at when they express the fact that they’re seeking new investment opportunities. But for some investors, earning cryptocurrency passive income is quickly becoming a preferred method of making money.

How difficult is passive income with cryptocurrency?

Earning money online, normally, is a chore. Think of Forex, freelancing and creating content on the Internet. These are seen as extremely difficult means of earning money and people frown against it. Also, going into passive income from cryptocurrency, many are dissuaded when they think of the numerous scams people have experienced.

One popular means of passive income cryptocurrency investment is day-trading. Even though this is a very viable means of earning money, there are several other available methods. We shall attempt to study 5 different approaches.

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1. Initial Coin Offering investment

ICOs have been touted as the best means of crowdfunding and this has caused several founders to breathe a sigh of relief. An ICO is a popular means of generating events or driving token sales. Can cryptocurrency be a passive income source? Yes. In fact, if you find a perspective project to invest in, you will be happy you made the right decision.

Although it is not easy to spot the right cryptocurrency investment opportunity, with assiduous study and the right consultations, you may come out on top. Here are few things you should consider when trying to elicit passive income from cryptocurrency via ICO.

  • How feasible is the project for large-scale projects?

  • How competent is the team? Are they experienced?

  • Will the government’s regulation affect the success of the ICO?

  • Are there obvious technical barriers to the adoption of the project?

  • Have you calculated the token economics?

2. Running master nodes- the best passive income cryptocurrency investment

A master node is a server in a decentralized network which is required to meet with certain prerequisites in order to effect transactions on the network. For each transaction completed, there are rewards offered and it has been observed that master nodes have an extremely high return on investment when compared to mining cryptocurrency or proof of stake algorithms. The amount of money available to earn makes it one of the best passive income cryptocurrency investment.

What are some of the most popular passive cryptocurrency income sources via master nodes?

  • Dash

Dash is one of the cryptocurrencies that many people invest in at the moment, although it is also one of the most expensive to invest in. You need about $400,000 to start investing in it. The ROI is between seven percent and 14 percent.

  • VeChain

VeChain provides a means of tracking the supply chain on the blockchain network and the products that can be tracked range from agricultural produce to luxury goods. This increases the complexity of a master node in a VeChain network. Between 10k are 250k are usually made available.

  • PIVX

PIVX, unlike DASH, makes use of a Proof-of-Stake which depends on the validator’s economic stake in the network. Running a master node to earn passive income with cryptocurrency makes you eligible to earn even more rewards. You need about 10,000 PIVX to start.

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3. Holding cryptocurrency to earn passive income

This is one of the easiest ways to earn considerable Bitcoin passive income. For one, it is not difficult to buy. In addition to this, it is relatively easy to store and secure your cryptocurrency with the large number of available wallets. However, apart from passive income with Bitcoin, what are the other currencies popular with investors?

We have Ethereum, Monero, Ripple, Komodo, Litecoin, LISK, etc. You can learn more about how to identify coins with potential and the questions to consider before joining ICOs also apply. Holding coins is only recommended when you are in need of Bitcoin passive income and you are ready to exercise patience.

4. Cryptocurrency trading

In the process of trading, you buy at a time when the currency is at a considerably low price and then sell when you observe an increase in the price. If you are an expert at analysis and statistical projections, you can get information from the news and then buy/sell when you reach your target price.

At the moment, when you consider Bitcoin passive income, it might not sound so appealing. At the time of this publication, Bitcoin is trading at around $7,500. This means that if you invest in one BTC, you will be hoping for a dramatic surge in order to enjoy the real privilege of Bitcoin passive income.

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5. Cryptocurrency mining

Finally, this is one more passive income cryptocurrency investment. You install rigs to solve computational problems which then authenticate transactions to the blockchain network. It is always advisable to research the investment before going into it. For example, the cost of electricity, cooling, processors, etc. can be exorbitant and this discourages people from getting into cryptocurrency mining.

However, you can choose to invest a certain amount with several other crypto enthusiasts in the hopes of setting up a mining rig. Also, cloud mining services are available to make you earn money and then claim the revenue generated. However, you should be careful so as not to fall prey to some of the numerous scams.

Think carefully

We have presented several options to you, it’s now a matter of choosing what you want. Going into cryptocurrency passive income sphere is one decision to ponder on carefully and it cannot be done cursorily. You should carry out your own research to determine which you’ll go for. When you get into it, it is not easy to get out. However, your choice may set you on the path to making money while you sleep.

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David Dinkins

Ripple Will Not Be Next Bitcoin, But That’s Not Bad

Ripple will not be the next Bitcoin, but it could still be wildly successful
Ripple Will Not Be Next Bitcoin, But That’s Not Bad

Voltaire famously wrote that the medieval Holy Roman Empire was neither holy, nor Roman, nor an empire. In the same way, at least according to the MIT Technology Review, Ripple is neither decentralized nor a currency. But lest we judge it too harshly, it’s wise to remember that it was never intended to be either.

Next Bitcoin?

For years, cryptocurrency languished in obscurity. Assuming they didn’t make too many missteps along the way, early adopters of Bitcoin became millionaires. Many of those who were a little late to the Bitcoin party became early adopters of altcoins, and also became millionaires. Now that crypto has burst into the mainstream and made many people fabulously wealthy, crypto newcomers are desperate to pick the next Bitcoin. Every new investor seems to think if they can buy a digital asset for less than a dollar, they’ll become ridiculously rich when that asset eventually hits $10,000, as Bitcoin did.

While it can’t be definitely said that there isn’t another nascent Bitcoin waiting in the wings somewhere, if there is one, it certainly isn’t Ripple. The currency’s wild ride last year made it the best performing crypto asset in a year of incredibly well-performing cryptocurrencies. Ripple ended the year up by 38,000 percent. No, that’s not a typo.

Those who invested before last summer are all incredibly wealthy now, even after Ripple dropped back under $1. Nonetheless, an important fact remains.

Ripple is not the next Bitcoin.

Different animal

Ripple is something entirely different. While Bitcoin seeks to be a decentralized, peer-to-peer means of digital value exchange with a strong anti-establishment bent, Ripple does not. In fact, Ripple is almost the opposite- it’s highly centralized and extremely friendly with big banks. There’s a good reason for this: Ripple doesn’t intend to be a currency used by ordinary folks buying coffee. Ripple wants to be used by banks to move large numbers of very big transactions each day.

Ripple is an extension of a system banks already know and understand. Ripple is a centralized company whose network relies on “trusted” servers. Banks are cool with that because that’s what they understand. Ripple has premined all 100 bln coins and keeps the remaining 50 bln in escrow, which is fine, because that’s what big companies understand. Companies are used to an IPO where large numbers of shares are created all at once, from nowhere, and distributed to investors. They can understand premines, too.

As the MIT Technology Review states:

“Ripple’s big bet is that XRP will become a ‘bridge currency’ that many financial institutions use to settle cross-border payments faster and more cheaply than they do now using global payment networks, which can be slow and involve multiple middlemen. Bitcoin could be used to do this too, but Ripple can settle 1,000 transactions per second, compared with Bitcoin’s seven, and its transaction fees are much lower.”

Ripple without XRP

The MIT Technology Review also notes that unfortunately for Ripple investors, while its technology is popular, Ripple’s XRP token is not:

“Here’s the catch, though: Ripple’s Blockchain-based payment network doesn’t need a bridge currency to work, and nearly everyone using the network has so far chosen to exchange digital IOUs instead.”

This could certainly change, and CEO Brad Garlinghouse has hinted that it will, but for now, XRP is a fairly speculative play. Ripple is not another Bitcoin, but if everything goes really well, it could be another SWIFT or Visa. The only remaining question is whether the company’s bank customers will use the native XRP token, or settle in dollars as they currently do.

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Past ICO Review: How Aragon Freedom Fighters Gained Traction

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Fighting for freedom in the digital age, how one startup wants to liberate the world
Past ICO Review: How Aragon Freedom Fighters Gained Traction

Everyone knows someone who talks a mile a minute, while how about an ICO that raised a million dollars per minute for 26 minutes?! Shocked? Go ahead and pinch yourself, you are not dreaming. Aragon raised 25 mln in 26 minutes, it hit its record 26-min ICO on May 18, 2017. Aragon entered the market the same day at $1.49 per token and has risen 184.5 percent up to 4.24 at the time of writing. It has a market cap of $112 mln and ranked at 135 on CoinMarketCap.

Create and run an organization out of the box

Aragon is a Dapp on the Ethereum Blockchain, ERC20 token, that allows the user to create, run and manage a decentralized organization. The company’s motto is to put power back to the people. According to the website, “We want to empower people across the world to easily and securely manage their organizations. We provide the tools for anyone to become an entrepreneur and run their own organization, to take control of their own lives.”

The company has essentially created a smart-contract Blockchain software that works without having a Blockchain expert on staff.

Blockchain experts are not just growing on trees! Not having a Blockchain expert on staff is cited as one of the many reasons why companies are hesitant to enter into the new space. Blockchain is a powerful tool but with great power come great responsibility. Many company heads are fearful of putting up any sensitive information that could remain on the chain forever.

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How is it different? How is it not?

Oh? So it’s like the others? You can use it to vote, hold elections and keep contracts in place? Yes, that’s right, just like the others, which in a large sea of competition, it is easy to get lost or confused with others. So what sets Aragon apart from the others? FREEDOM! The team behind the tech are concerned about the future at the crossroads of technology and humanity because technology is either going to lead to a more transparent, free, open society or it will aid more oppression, surveillance and confinement of society.

The team would rather not see that and so they chose to fight for freedom and fight they do by offering easy to use tech for organizations to become decentralized and stick it to the “digital man.” This idea has become popular with many in the cryptocurrency community because of its ability to increase efficiency, and participate in the first decentralized autonomous organization focused on digital jurisdiction, upgradeability and functional governance.

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El Grupo

Luis Cuende

Is listed in Forbes 30 Under 30 and MIT Tech review. He founded Stampery, a time-stamping project in the Blockchain ecosystem. His has experience working with the likes of the Estonian government, Microsoft and Telefonica.

Jorge Izquierdo

Having created various popular applications, with accolades ranging from receiving a Thiel fellowship and a WWDC scholarship by Apple at a tender age of 15 as one of the most promising young app developers.

Gaining traction? Supporters, yes. Projects?

While it does not sound as exciting as asking oracles to peer into crystal balls and predict the future, the company is growing its following. More than 750 organizations are using the Aragon’s testnet and the Slack channel has more than 500 members.

While Aragon is building a following online, there are still some features that need to be implemented such as digital arbitrage. Additionally, the token price has been rather stable, only showing growth in the past two months - perhaps due to support from the Slack users? If Aragon cannot implement its software, it is not going to go anywhere fast except faded memory.

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