Wikicoin Darryn Pollock

Ethereum, a Cryptocurrency That Disrupted Internet Third Parties

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Ethereum is based on Blockchain technology, but with the added feature of having smart contracts fashioned for multiple uses
Ethereum, a Cryptocurrency That Disrupted Internet Third Parties

Ethereum has long held the crown of the second-most well regarded of the cryptocurrencies. This cryptocurrency, also based on Blockchain technology, but with the added feature of having smart contracts has been fashioned for multiple uses.

With its open-source platform, Ethereum has not only become a staple of the cryptocurrency ecosystem. It has become the foundation for hundreds of other altcoins.

World Computer

If Bitcoin was the original, designed to be a functioning currency, Ethereum was designed to take decentralization to the next level. It has at its core the ability to deliver smart contracts along its network, essentially removing the need for a middleman in a number of situations.

The Blockchain becomes a far more powerful tool with smart contracts, and its application increases 10-fold. These decentralized smart contracts are essentially self-executing, immutable occurrences that happen when certain parameters are met. The execution of these contracts are thus trustless and require no additional input in order to execute.

The thought behind Ethereum differs greatly from that of Bitcoin, in that Bitcoin’s aim was a disruption of payment services. Meanwhile, Ethereum was looking to be a decentralized web of computing that disrupted Internet third parties.

Youthful prodigy

Ethereum was the brainchild of Russian programmer Vitalik Buterin, who in 2013 at the age of 19, argued that Bitcoin needed a scripting language for application development. His proposal was not well accepted which led him to build a new platform, Ethereum.

Vitalik remains at the head of Ethereum which began with a core team, including Mihai Alisie, Anthony Di Iorio and Charles Hoskinson. Hoskinson is now part a rival platform called Cardano.

Ethereum has faced a number of forks in its time, including two towards the end of 2016 in order to deal with DDoS attacks. This fork to increase its DDoS protection, de-bloat the Blockchain, and thwart further spam attacks by hackers, was then formally known as Ethereum.

The remaining chain still had support though, as some of the community were skeptical of the new Ethereum’s immutability, and thus remained on the Ethereum Classic chain.

The face of Ethereum to this day remains Buterin. However, the dilution of his creation is evident and gladly received by many ICOs across the globe. The majority of new ICOs are built on the Ethereum platform, using the ERC 20 token, thanks to its open source code and powerful smart contracts.

Ethereum as an asset itself has always been far less valuable than, say Bitcoin, but it has for most of its history remained the second biggest coin by market cap. Even this discrepancy between the number one and two ranked coin is large.

Ethereum’s price against the dollar first really spiked in June 2017 with a wave of cryptocurrency adoption, almost topping $400. It then dropped and plateaued before hitting its new all-time high of just under $1,400 early in January 2018.

Ethereum, while one of the most well known, and popular coins in the cryptocurrency market, is not solely intended to be either a currency or a store of value, and as such, is only investible really in a speculative market.

Its true value lies in releasing the power of the Blockchain with its open source code and smart contracts.

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EOS Price Prediction: How Much Will EOS Cost in 2018, 2020, 2025?

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Find out all about EOS cryptocurrency here
EOS Price Prediction: How Much Will EOS Cost in 2018, 2020, 2025?

EOS is a Blockchain-based platform which provides support for decentralized operations and facilitates the creation of Blockchain apps. In addition to this, EOS cryptocurrency, the token offered by the network, has shown enormous potential and is attracting investors at an unprecedented pace.

The developers also declare that the network is able to complete 50,000 transactions every second- an attribute which will allow for stability when the usage of EOS cryptocurrency becomes widespread.

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What makes EOS cryptocurrency unique?

  1. The maximum supply available is one bln EOS
  2. The coins cannot be mined, they are obtained by making investments
  3. It provides a significantly higher transaction speed which outperforms existing platforms

For the aforementioned reasons, EOS is tipped to emerge as one of the leading cryptocurrencies in the nearest future and it is fondly referred to as Ethereum on Steroids. Some also claim that the acronym represents Endless Online Scaling, however, there’s no word on its legitimacy.

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EOS price history

Without a doubt, being able to ascertain the accurate price prediction of EOS cryptocurrency will ensure that investors make an informed decision. Assessing its historic performance will help in identifying hidden patterns and will cause a proper evaluation of the currency’s potential.

Trade began on the second of July, 2017 and the official price was put at $1.03 per EOS. At the time, this seemed reasonable and fair for a new entrant to the crypto sphere. However, for a period of four months, the coin wasn’t getting as much activity as earlier predicted and price slumped.

November 2017 saw a sudden turn of events and EOS surged rapidly. On Nov. 4th, it was trading at $1.21. In the same time, the market capitalization of EOS cryptocurrency was estimated to be $54 mln. From then on, its volatile nature became obvious to all and finally, on Jan. 13th, EOS reached a new high. It was trading at $18.16 with a market cap of $109 mln dollars.

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Unfortunately, the vicissitudes which are usually exhibited in cryptocurrencies got a hold of EOS and the law of gravity set in. It began a downward spiral which saw the price at $4.08 as of March 19th. Again, it took five weeks to recover before it finally peaked at $21.46 on April 29th. By this time, the market capitalization was put at $176.6 mln.

Currently, it is trading for less than $12, but this doesn’t gainsay the potential of EOS cryptocurrency. It has a Blockchain infrastructure which rivals that of Ethereum and it is ranked as the fifth largest coin based on market capitalization. Some of the other reasons for its perceived growth are explained below.

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EOS is a less risky alternative to ETH or BTC

Let’s say EOS rises rapidly in the next few weeks and you become interested in the currency, you can still purchase as much as you want without spending a fortune. This is not true with cryptocurrencies like ETH and BTC as their price is much higher. Hence, investors who are in need of low-cost coins with long-term benefits will find EOS appealing.

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A noteworthy marketing strategy

Block One is not only renowned for their technical expertise, their marketing strategy also propelled them into the limelight. They were able to earn the attention of notable entities such as New York Times and Reuters and this caused their ranking on CoinMarketCap.com to rise.

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EOS has a remarkable growth chart

EOS broke into the top 10 space within a very short while. Its ascension, according to several crypto experts, is too good to be true, more like a fairy tale. Consider that we have over 1,340 cryptocurrencies in the market. Among this multitude, EOS, a newcomer, manages nearly $1.5 bln in trading volume daily. The future is particularly promising for EOS!

EOS price prediction 2018

We have to factor in the fluctuations we’ve seen in the last couple of months. Although it is still too early to identify solid trends, we can be sure that EOS won’t exceed a range. Several financial experts offered their opinion on the subject and it varies widely.

One thing is sure though, EOS will rise before the end of the year. Expect the coin to sell for about $30 or more by December. For those who bought it for less than a dollar in 2017, this is extremely good news!

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EOS price prediction 2020

By this time, EOS will be seen as a serious rival contending with ETH for the ultimate spot. The EOS infrastructure boasts a slightly superior technology which allows for improved transaction speed, but Ethereum has been around for longer and they are more reliable. We should expect EOS to sell between $45 and $70.

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EOS price prediction 2025

By this time, EOS would’ve spent almost eight years on the scene. This is the approximate age Bitcoin began to enjoy the unbridled rise to fame, peaking at $20,000. Although the circumstances differ and there’s no assurance that EOS will replicate Bitcoin’s result, there’s a threshold. EOS should go for at least $1,000.

EOS

Reasons to invest in EOS

If you’re sitting on the fence and you need a little push, consider this list carefully. Perhaps, it is what you need to make that investment you’ve always wanted.

  1. EOS is the fifth  largest cryptocurrency based on market capitalization
  2. EOS has an impressive daily trade volume.
  3. It has a limited supply  

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Reasons to ditch EOS

It is important to face reality when making decisions as crucial as this. As a result, some of the demerits are listed below.

  1. It hasn’t been around for so long
  2. It is currently experiencing a downward trend
  3. The graph doesn’t provide adequate information about its behavior

Conclusion

As the EOS platform becomes popular, the coin will also increase in value. A good idea would be to invest in this currency for the long-term. EOS cryptocurrency offers exciting prospects and the envisaged ubiquity of decentralized apps is enticing. Yet, nothing is certain. You might need to consult with professionals before taking such a huge step.

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Hot Wallet vs. Cold Wallet: What the Different Storage Methods Do

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As we utilize cryptocurrency more, it is expected that we devise a more effective means of storing currencies
Hot Wallet vs. Cold Wallet: What the Different Storage Methods Do

The traditional system of banking has taught us one crucial lesson- the business of securing your money is an important one. That’s why banks have bullet-proof doors, security guards, ultra-protected safes, sophisticated biometric scanners and sensors, etc. Thankfully, the major drawback of financial systems, human interference, has been eliminated by Blockchain decentralized systems.

Now, you can operate a financial model which eliminates dubious middlemen, exorbitant transfer fees and super-fast transaction speed. Cryptocurrency made all these possible. How do you store these cryptocurrencies? A cryptocurrency wallet!

What are cryptocurrency wallets?

Just like a conventional wallet where you keep your cash, a cryptocurrency wallet is a means by which you store your digital coins. There are two different types of wallet. We have the hot wallet vs. the cold wallet. Each wallet has its advantages and Achilles heel and choosing the best wallet is only a matter of getting adequate information on each. Let’s begin.

Hot/cold wallets

Hot wallets

Hot wallets or soft wallets are likened to checking accounts- where individuals can readily access their funds, make payments, and make instant transactions. It is always connected to the internet and this ensures accessibility. However, this particular feature can be a harbinger of misfortune.

A hot wallet is always connected to the internet and this gives some individuals with malicious intent ample time to perpetrate their fraudulent activities. Occurrences like phishing and hacking are now becoming increasingly prevalent, hence, it is advised that crypto-users limit the amount of funds they store on a hot wallet.

There are three main features of a soft wallet.

  1. It is mostly free

  2. It is easily accessible

  3. A soft wallet is highly intuitive and easy to use

  4. A soft wallet is always connected to the internet

Cold wallets

Cold wallets, on the other hand, are more secure. This is partly because it is not used as often as a hot wallet. Also, the security can be attributed to the fact internet connection is not direct (it is an offline storage). If you like, you can access the funds only once a year- it remains intact. Cold wallets can either be paper wallets or hardware wallets.

Paper wallet

Storing your coins in a paper wallet is likened to storing your coins on a computer which has never been connected to the Internet. These are extremely secure due to the fact that the computer used to generate the private keys are not prone to cyber-attack. It is as good as free and it gives you confidence that your funds will remain safe for a very long time.

Hardware wallets

When you compare cold wallets vs. hot wallets, the former might probably come out superior because of the security features of hardware wallets. They are powerful, convenient, and equally expensive. Although they are not as ubiquitous as their hot counterparts, these wallets are an excellent choice.

Comparison of hot and cold wallets

Now, let’s go through the different features of hot and cold wallets. Both wallets were built for different purposes, hence, this comparison will be as objective as possible.

Safety

When we talk about safety, a hot wallet is not totally the best choice. This is because it is always connected to the internet and this makes it vulnerable to hacking, phishing, etc.

Speed of transactions

Hot wallets are specifically made for instant payments, fast transactions, and flexible operations. Cold wallets, on the other hand, are made to hold large amounts of coins for a long period of time. When we compare cold wallets vs. hot wallets, the latter offers faster transaction times.

Support and integrations

Because of the nature of hot wallets, they are made to support a variety of coins, work well with APIs and other third-party integrations required.

Amount of funds operable

We have adequately established that hot wallets shouldn’t contain more funds than necessary while cold wallets are able to hold as much cryptocurrency as possible. This makes cold wallets superior for storing in bulk.

Types of hot and cold wallets

Hot wallets

1. Exodus

There are many crypto-wallets in the market, especially hot wallets. One feature which allows Exodus to stand out is the highly intuitive and easy to use the platform. It also has an attractive graphic design and a readily-available customer service team.

2. Coinpayments

This hot wallet supports over 75 cryptocurrencies, an astounding feat by any measure. Like most hot wallets, it is free and not cumbersome to navigate. Another reason for this wallet’s widespread acceptance is the ability to use it for making purchases online.

3. Electrum

Electrum is one of the oldest brands known for storing cryptocurrencies. If age is anything to go by, you can trust Electrum with your life’s savings. It works as a desktop wallet and still provides the user with every functionality required. Also, if you plan to change the PC on which it was installed, you just need to reinstall the software on a new PC and then input the seed (a string of random words) generated at first.

4. Blockchain.info

Blockchain.info, with 100 million transactions completed and 15 million users, might just be the most popular cryptocurrency wallet available. Why is it this popular? Transparency! They give you a double layer of security and they are impervious to the generated seed used to access the account.

Cold wallets

1. Trezor

Trezor, in a short while, has become one of the safest and most reliable cold wallets we have around. For people who have plans to invest huge sums of money in cryptocurrency, the Trezor is advised. The best characteristic of the Trezor wallet is that it is not cumbersome to carry about. It takes the shape of a very small digital calculator and it has an in-built screen which displays the pin and other sensitive information.

2. Ledger S Nano

This is another major player in the cryptocurrency industry and they offer the same level of security with an increased level of sophistication. For example, it uses its own Ledger Chrome application- which authenticates and authorizes transfers. The hardware wallet also boasts a sleek, trendy design which, like Trezor, has the screen to view the pin.

The battle of cold wallets vs. hot wallets is one which is fiercely contested. Is there a clear-cut winner? Well, that depends on your choices and preference. If you need cryptocurrency on the go; for payments and shopping, then the hot wallet is perfect for you. On the other hand, if your business is to purchase cryptocurrencies for a long period and then sell later, you can spare a few coins to invest in a quality hardware wallet.

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What is Coinloop.io: Crypto Market News Sources Review

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Coinloop.io serves as a personalized platform for getting the most relevant information about popular cryptocurrencies
What is Coinloop.io: Crypto Market News Sources Review

Coinloop.io is a versatile news aggregator that was created to supply readers with ample information about cryptocurrency, the Blockchain, and the most popular coins. The website renders a handful of various tools for users and would be interesting for investors, traders and advisors, both amateurs, and professionals.

What is Coinloop.io?

This is a news aggregator that displays the freshest posts, reviews, press releases and other publications. The project presents information from a bunch of different sources, including:

  • CCN

  • Ethereum World News

  • Cointelegraph

  • Cryptocomes.com

  • Bitcoinist

  • ZyCrypto

  • Coinbase

  • Coindesk

  • and other sources.

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Aside from showing news from various popular websites, Coinloop.io shows crypto-related posts from Reddit and Twitter. It also serves as a personalized platform for getting the most relevant information about popular cryptocurrencies and related events.

What Coinloop.io news feed looks like
What Coinloop.io news feed looks like

Functions and features

In comparison with other similar news aggregators, Coinloop.io has well-elaborated functionality and offers uses the whole range of useful features which can be tailored to their demands. Let’s observe the most outstanding options:

  1. Latest news. Of course, as a news portal, Coinloop not only displays the freshest posts from authoritative sources but also provides a filter to sort out the most interesting articles (you can select the sources you want to see). Besides, it displays posts from Reddit and Twitter.

  2. Signals. An invaluable option for traders that was available for some registered users. It helped to predict the growth or falling of currency for users to make informed decisions. Unfortunately, this function has recently been disallowed.

  3. Coins. In this section, you can see the basic information about popular cryptocurrencies: their current price, market cap, how it changed, the circulating supply, etc.

  4. Bitcoin Futures. This is a peculiar feature that allows users to get information about Futures Contracts.

  5. Charts. An advanced option for finance-savvy users: observe and personalize the charts for various coins to perform a deep and detailed analysis. Simpler charts are also present on the Dashboard section, and you can select the coins and the period of analysis.

  6. Calendar. This is a unique feature that makes Coinloop stand out. You can check which crypto- and Blockchain-related events are taking place in the near future and add them to your personal calendar. Coinloop shows which conferences, meetings, airdrops, announcements, and other events will be organized around the world.

Coinloop.io events calendar
Coinloop.io events calendar

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Interface and ease of use

What makes Coinloop more attractive than other similar websites is a little bit more complicated and advanced design, but the pages aren’t cluttered, and navigation is a piece of cake. The website offers an abundance of personalization tools. There’s a point to register because only authorized users have access to advanced features and customization instruments.

Coinloop.io dashboard: all info in one place
Coinloop.io dashboard: all info in one place

You can get all necessary information collected in one place by using Dashboard and personalizing this space. Thus, you can see a graphic of coin development, create the list of your preferable coins, have the latest news displayed (you can choose the sources). Please, note that you’re free to select a currency in which the cost of cryptocurrencies will be shown. Using a personalized dashboard is a highly convenient approach that eliminates the need to browse numerous websites and online markets.

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Bottom line

The abundance of features definitely makes Coinloop.io one of the most useful news aggregators out here, especially the Calendar and Signals options. But since the website is aimed at customization of user experience, it lacks one thing– portfolio. Besides, a search panel wouldn’t hurt to make navigation even easier. Generally, this is one of the worthiest projects of its kind.

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What is DAICO? Incorporating Features of DAO and ICO

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The next generation fundraising system for startups and new major projects explained
What is DAICO? Incorporating Features of DAO and ICO

Lately ICOs have emerged as a new way to raise funds for fintech startups and have got all the popularity with the recent boom that cryptocurrency has seen. Every other ad on the internet has to do with ICOs. It’s not just the young projects that take refuge in an ICO for raising their starting capital and implementing the ambitious ideas– old corporations also try returning positions by announcing ICOs and Kodak is a perfect example of that.

ICO is proving itself to be a perfect invention not just for investors but also for developers. It offers a chance to developers to raise money if they’re convincing enough, whereas users can make investments in a project of their choice to support it and earn profit.

What is DAICO and how it came into existence?

A question that is trending, however, is what is DAICO? Well, as ICO got popular, it attracted many frauds as well. They were able to raise massive amounts of money by simply setting up promo-websites and white papers. Due to the increasing dissatisfaction of potential investors, some countries came up with solid regulations and a few even banned cryptocurrency and ICO entirely.

This led Vitalik Buterin to come up with DAICO ICO which is simply an improvement to the existing ICO. It integrates ICO with DAO. As far as DAO is concerned, it was a venture capital fund aimed at Blockchain- and crypto-related projects. It was a promising concept but, unfortunately, it got hacked because of some existing vulnerabilities in the system and that resulted in almost 3.5 mln Ether being lost.

As a result, the community voted in favor of a hard fork that led to the creation of Ethereum Classic – the original Ether, and Ethereum, the new Ether created after the hard fork. Now, some features of DAO, like the ability of spreading the funds over time, have been incorporated into DAICO.

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What are the features of DAO and ICO that have been put together to form DAICO? While DAO leverages crowds’ wisdom and doesn’t place complete trust in a centralized team, ICO is  based around a single project. DAO’s funding is spread over a period of time- the feature that is used in DAICO. It has to be added that in ICO, there’s no risk of 51 percent attack- DAICO will also utilize that.  

Now that you know what is DAICO, let’s do a bit of a DAICO ICO review to find out more detail on this subject.

How does DAICO work?

DAICO starts as a smart contract that is in contribution mode. This contract offers a certain mechanism that allows contributors to send their funds to a particular project while getting network-specific tokens in return. At the end of the crowd sale period, the contract prohibits any further contributions from anyone.

Once that contribution period is ended, a variable called “tap variable” gets into effect. It is usually programmed for predetermining the amount that can be withdrawn by the developers from token sale funds in a second.

The initial limit is zero; however, the contributors can increase the tap by voting on the resolution.

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Which DAO elements have been incorporated?

DAICO, basically, has three key elements of DAO.

First of all, it doesn’t place complete trust in any centralized team and there’s a voting system in place that makes decisions related to funds.

Secondly, it does not release funding as a lump sum amount – rather it’s spread over time through a particular mechanism.

Lastly, there’s an opportunity for refunding the amount being contributed. The decision is again based on a voting system and contributors are allowed to vote for refunding the remaining amount of money, in case the project is not implemented properly by the team.

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ICO vs DAICO – what’s the difference?

If you do a comparison of DAICO vs ICO, the primary difference you’ll observe lies in access to the funds.

In case of ICO, developers can fully access all contributed funds as soon as the token sale is finished. It’s the responsibility of the developers to make an advance calculation of exactly how much would be necessary for producing minimum feasible product. When this ‘soft cap’ amount is reached, the work on that product is started and money is spent wherever they feel necessary. However, if the initial ‘soft cap’ is not reached, they’re liable to refund that contributed money. And, if they’re able to reach the ‘soft cap’, there isn’t any real obligation that remains.  

When it comes to DAICO, voting is done on resolutions for either increasing the tap or for returning the remaining funds being contributed.

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The major characteristics of DAICO

Even though the system hasn’t been fully implemented yet, still some of the major features of this budding concept can be highlighted with the help of a project that is aimed at conducting the very first DAICO. Here they are:

  • Only the project developers can initiate a resolution for voting on the tap increases
  • Tap increases can only be under a certain percentage limit for abuse prevention
  • There is a limit in place on the frequency at which tap increases can be made
  • Only investor tokens can be used for voting, not the ones held by the project developers
  • In case of a planned poll, the contributors are informed in advance

So, DAICO is the next generation fundraising system for startups and new major projects. Though not implemented yet, the very first project seems quite promising and will lay the foundation of a new era.

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5 Best Bitcoin Debit Cards 2018: Safe, Fast and Reliable

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After VISA’s crackdown on Bitcoin debit cards, this industry niche keeps thriving despite this year’s crypto rout
5 Best Bitcoin Debit Cards 2018: Safe, Fast and Reliable

Bitcoin Debit Cards, Explained

Cryptocurrency debit cards have the same modus operandi as your run-off-the-mill card; the only difference is that you preload Bitcoin or altcoins in advance. Merchants do not usually discriminate between ordinary debit cards and crypto debit cards, so this old-meets-new technology opens plenty of possibilities for wider Bitcoin adoption.

Back in January, VISA nixed major debit cards providers by dropping a popular card issuer WaveCrest, but major companies signed deals with other issuers. Wirex, for instance, already brought back its integrated Bitcoin cards for European customers in Q1 while Cryptopay has opened a pre-order for its plastic prepaid cards.  

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You are free to make any payments with crypto whether it would be booking a hotel room or simply buying groceries. Transactions that are performed with the help of cryptocurrency debit cards are instantaneous, and merchants are able to receive the payment in any fiat currency of their choice (if the card, of course, supports more than one currency).  

Speaking of main disadvantages of such cards, it is worth mentioning that they completely contradict Satoshi’s vision. Your digital assets are fully controlled by a debit company. Another downside of such a payment solution (the fee that you have to pay) stems directly from this centralization issue.

Once we’ve covered all the major advantages and disadvantages of such cards, let’s review the top 10 best cards on the market. These are the following factors you have to pay attention to while picking the best Bitcoin debit card:

  • availability

  • the number of supported coins

  • the fee structure

Bitpay

Bitpay is one of the leaders on this market with an enormous user base and a good track record; it’s been around since 2011. In fact, that was the very first debit card that became available in all 50 US states.
image
Bitpay’s debit card only supports two coins so far — Bitcoin and Bitcoin Cash, which might be a turn-off for crypto evangelists with diverse investment portfolios. When it comes to fiat currencies, Bitpay only deals with the US dollar, which essentially means that you have to pay an exchange fee as well.    

You have to pay $9.95 in order to get the card issued to you (you are supposed to pay the same amount of money if the replacement card is requested).  

NB: Bitpay requires mandatory ID verification! The card won’t be shipped to those who didn’t confirm their identity, so BitPay shouldn’t be your choice if you are looking for an anonymous Bitcoin debit card.

The fees that are associated with the card are the following.
Account management: $5  
ATM withdrawal fees: $2 (in the US), $3 (outside the US)

Wirex

Wirex, previously named E-coin, is an EU-based fintech startup company that offers a Bitcoin wallet with a debit card attached to it.
image
Apart from Bitcoin, the new Wirex debit card will also support a slew of other major cryptocurrencies, including Ethereum (ETH), Ripple (XRP), and Litecoin (LTC). Due to the fact that the Trump administration is betting on Ripple to disrupt China’s hegemony in the crypto space, the support for XRP is a smart strategic move.  

On Oct. 24, Wirex launched its own prepaid cryptocurrency debit card in America. Wirex’s foray into the US crypto-debit card market poses a serious threat for Bitpay’s near-monopoly in this niche. Earlier, it was only available for European residents, but now the startup is aiming for global expansion. However, Bitpay’s partnership with AsiaPay also proves that the Atlanta-based company won’t focus on the US market alone.

Account management: $1.50
ATM withdrawal fees: $2.50 (in Europe), $3.50 (outside Europe)

NB: Since May, Wirex also started offering a 0.5-percent cash back in BTC on all in-store transactions. The funds can be redeemed directly to your Wirex wallet.

Cryptopay

Cryptopay is a Russia-based company that appeared on the market in 2013. In September, Cryptopay, one of the companies affected by the aforementioned WaveCrest ban, made an announcement about issuing new credit cards after terminating their project in January. The pre-order has been already opened for Russian customers. The company offers two versions of their cards — physical (plastic) and virtual. Apart from the Russian ruble, it also offers two other fiat currencies — USD and EUR.    
image
The card would allow withdrawing funds from any ATM in the world. Similarly to other cards, it requires ID verification in order to be able to withdraw bigger amounts of money.     

Highly competitive fees are among the major advantages of this

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. However, Bitcoin is the only supported digital asset. Fiat-wise, there are three supported traditional currencies — USD, EUR, and RUB.   

Account management: $0.98
ATM withdrawal fees: 1.5 percent

Shift

Shift is a Bitcoin debit card (the USA) that is issued by a cryptocurrency exchange Coinbase. This project is owned by one of the biggest industry players (the crypto behemoth has recently confirmed its $8 bln valuation). Instantaneous conversion is supposed to be one of the most salient features of this wallet — that allows Coinbase to have an edge over its competitors, but many also criticize Shift for not having its own wallet. While there are no conversion fees, this Bitcoin VISA debit card is only available in 46 US states. Moreover, it only supports one cryptocurrency — Bitcoin — that may be viewed as a drawback by all potential customers.       
image
In order to issue this card, you have to pay $20 (card replacement costs $10). It is worth mentioning that Coinbase doesn’t charge any maintenance fees unlike the majority of other debit card providers.
  
Account management: $0.00
ATM withdrawal fees: $2.50 (in the US), $3.50 (outside of the US)

While Shift does seem like a very solid option, it is only focused on the US market, which means that non-US residents won’t be able to take advantage of the card’s services.

SpectroCoin

SpectroCoin was also among startups that were affected by the crackdown on the abovementioned card issuer WaveCrest. However, according to their website, they already accept new orders.
image
The peculiar thing about this startup is that its services extend far beyond offering cryptocurrency debit cards — it is also an exchange with its own native token (BNK). This huge ecosystem allows the exchange to offer a slew of payment methods, surely outperforming its competitors. Apart from conventional deposit methods, it also supports SEPA, Payeer, and other means of payment. On top of that, it supports five cryptocurrencies (BTC, DASH, ETH, BNK, XEX) and five fiat currencies (USD, EUR, GBP, XAU, PLN), effortlessly surpassing any other card in this department.

Another major plus of this particular Bitcoin VISA card is unlimited withdrawal limits (only applies to those who get SpectroCoin’s VIP card). However, this amount of flexibility definitely comes with a big price (literally). Get ready for a five-percent deposit fee coupled with a three-percent withdrawal fee.   
 
Account management: $1
ATM withdrawal fees: $2.50

The Bottom Line

As you can see, availability plays a pivotal role when it comes to choosing a Bitcoin ATM card. Shift and BitPay would be the most obvious solution for American customers. Wirex, which keeps expanding its reach, remains the mainstay of the European cryptocurrency debit card market, while Cryptopay keeps focusing on Russian customers (the latter also has the most competitive fee structure). Although, when it comes to the number of available coins, the Euro-centric Wirex card trumps all other providers.

Card

Availability

Bitpay

the US (all 50 states)

Wirex

Europe (mainly), the US

Cryptopay

Russia

Shift

US (not all states)   

SpectroCoin

Worldwide


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