Byteball Coin – Smart Payments via P2P

Byteball Coin, also known as GBYTE, is a decentralized network that does not require a block chain and still offers the same advantages. The coin is used to pay the fees for storing data on the network.

This data can include digital assets that can be traded on the network peer-to-peer. The Byteball crypto currency attracts attention through free air drops.

Ethereum code – What is this crypto currency?

The crypto currency is all about smart payments and the peer-to-peer network like this: Is Ethereum Code a Scam? Beware, Read our Review First. The Byteball coin is not part of a blockchain like most crypto currencies. The Byteball Coin development uses the Ethereum codeDirected-Acyclic-Graph-System (short: DAG).

This system does not consist of a chain of blocks like a blockchain. Instead, the transactions are confirmed by linking to each other. The more people buy and use the byteball coin, the more verifications are performed. In contrast to most crypto currencies, the GBYTE coin development does not require a proof-of-work or proof-of-stake. Therefore there is no need to dig for new coins. The coins are distributed completely free of charge to the users who hold them in the Byteball Wallet. How much depends on the amount of coins held.

Within the network, the crypto currency is used by the Bitcoin trader

The fee for the Bitcoin trader for this upload corresponds to the size of the data. So 1 byte costs 1 byteball bytes. Another area of application includes conditional payments, which belong to the category of smart payments. The user can determine the conditions himself and send byte balls at the same time. If the Bitcoin trader conditions are not met, the coins are returned. This way, for example, insurance or betting can be regulated.

An intermediary is not required for this, the Byte ball network is peer-to-peer and the Smart Payments regulate the payment and conditions all by themselves. Chatting is also possible via this P2P network. The functions of the network are usually regulated via the eWallet. This is the official Byteball Wallet. The eWallet can be made accessible for several devices, so that it is possible for several persons to manage digital assets together.

The management of digital assets is another function of the P2P network. The coins can be used as tokens for digital assets such as currencies, certificates, debts etc.. This allows digital assets to be traded over the P2P network. Transactions with the crypto currency have the advantage that they are almost completely anonymous and cannot be traced. Only the sender and receiver possess the transaction data, on the DAG there is only the HASH, i.e. the encrypted data. Furthermore, the data is secured via KYC and AML requirements. Once the data is on the DAG, it cannot be changed.

A special feature of the GBYTE crypto currency is the way the coin is distributed. This is done 98% free of charge. This should help to spread the crypto currency. The distribution happens among other things via Airdrops, with which Coins are distributed free of charge, if one possesses Bitcoins or Byte ball Coins. How many you can get depends on the amount you have already stored on the wallet. In addition, users who make purchases via partner portals receive 10% of the purchase value in byte balls back.

Why analyze the trading volume per day?

The technical analysis tries to predict the price by studying market statistics, such as past price movements and (Bitcoin )trading volume. An attempt is made to identify patterns and trends in the price that indicate what will happen with the (bitcoin) price in the future or which payout methods can be expected to generate even more profit.

How to make a profit on your Bitcoin margin

Margin trading is simple and attractive for many traders. Buying on margin can be defined as borrowing from a broker to purchase goods, stocks, currencies, etc..

Here’s an example:

You expect a price increase for (bitcoin) mining, but you only have 1000 euros. If you had more money to invest, you could make higher profits. Margin trading is the easiest solution – after depositing 1000 Euros you can borrow up to 50 percent of the deposited amount.

So now you can invest 1500 euros. Of course, you could borrow 10 or 25 percent of the deposit if you want. If the price of the purchased BTC coins increases, you can repay the loan and still keep a nice profit for yourself, depending on your choice of withdrawal methods.

Sounds good, doesn’t it? Well, it’s not always like that with Margin for Bitcoin.

Blockchain BTC

Leverage at Bitcoin – Risks of Bitcoin Revolution

The thing that many beginners don’t understand or neglect is what happens if Is Bitcoin Revolution a Scam? Beware, Read our Review First the investment goes wrong. Below are a few levers at Bitcoin that users need to think about when they start margin trading.

Leverage at Bitcoin: Maintaining Equity
The trading platforms always require traders to maintain a minimum level of equity capital of typically 30 percent. This applies to the blockchain regardless of the payout methods you choose later.

If your account balance falls below this value, you must pay additional funds into the account to increase equity immediately. If you can’t or just don’t want to deposit more money, the broker will close your positions to increase the equity on the account.

Leverage at Bitcoin: Interests can outperform profits
Margin trading can be profitable when used for short-term investments. If you invest the money and the expected increase in value does not occur, think about reducing your losses and paying short-term interest. Keeping your margin trading position open for Bitcoin over a longer period of time can result in losses, even if the BTC price rises.

Why? Margin trading involves significant interest rates and in some cases the profits are not enough to offset the cost of long-term loans.

You can lose more than you have
Margin trading not only increases profits but also losses. In the event that things go wrong and your tracking fails, you will not only lose your investment, but you will also have to pay back the money you borrowed to the broker and pay the interest. That means if you’re not careful, you could get into debt.

Conclusion Bitcoin Trading Volume
Investing in Bitcoin margins is only profitable if you can pay it all back in a negative case. Want to learn more about blockchain and crypto currencies, the latest ICOs, Airdrops & the most profitable top coins? Then CLICK HERE and visit our CryptoWealthCenter.

Ethereum – the facts about Bitcoin’s little brother

Ethereum – If you have dealt with Bitcoin and the , you may have stumbled across this name from time to time. And not without reason.

After Bitcoin, Ethereum’s digital currency Ether ranks second (as of April 2017) in the crypto currency world with almost $4.5 billion in market capitalization. One could also speak of Bitcoin’s little brother. But what is Ethereum and what makes it so special?

What is Ethereum?

Bitcoin’s little brother is out of the question, because Ethereum has many more possibilities than Bitcoin.

Wikipedia writes about it:

chartEthereum (abbreviation: ETH) is a distributed system that provides a platform for executing Smart Contracts and is based on its own public blockchain. Ethereum uses the crypto currency ether as a means of payment for computing power provided by participants in the distributed system.

While Bitcoin decentralizes monetary transactions, Ethereum extends the decentralized factor to any field. This is made possible by so-called Smart Contracts: Applications programmed to run without downtime, censorship, fraud or interference from third parties. Anyone with the necessary know-how can write such applications.

Use Bitcoin Code for Apps

These decentralized apps (dApp) run on a user-defined blockchain, an enormously powerful global infrastructure that can move values and represent ownership. Services and the scamcontrol review with bitcoin code and even entire companies would no longer have to be controlled by board members. Smart Contracts could take over this task.

There are countless applications based on this digital currency. Thus, an entire ecosystem is slowly developing with new applications around the technology.

Bitcoin Code is a necessary element

Ether is a necessary element – a fuel – for the operation of the distributed application platform Ethereum. Or simply put, the digital currency of Ethereum. It is a form of payment issued by the customers of the platform to the machines performing the requested operations (Miner). Bitcoin Code crypto robot – full review disclosure to put it another way, Ether is the incentive that ensures that developers write high-quality applications (wasteful codes cost more) and that the network processes transactions. The incentives to be rewarded with ether are great. Because an ether is now worth over $50. As this project progresses, the value should continue to rise.

How are ethers formed?
The overall supply of Ether and its emission rate was decided by the donations collected in the 2014 pre-sale. The results were something like this:

60 million ethers were created for the pre-sales staff.
12 million (20% more) were created for the Development Fund, most of which go to the early contributors and developers and the rest of the Ethereum Foundation.
5 ethers are created with each block (approx. 15-17 seconds) by the block’s miner.
2-3 ethers are sometimes sent to a miner if he could find a solution but it was not included in his block (so-called uncle/aunt reward).
Is the Ether supply infinite?
Ethereum – Credit Card

No. Under the terms of the 2014 advance sale agreed by all parties, the emission of ether is limited to 18 million ethers per year (this figure corresponds to 25% of the initial issue). This means that while absolute emissions are fixed, relative inflation is reduced each year. In theory, if emissions would be infinite, then the rate of new tokens created each year would eventually reach the average amount that would be lost annually (through misuse, accidental loss of keys, death of owners, etc.) and a balance would be achieved.

Bitcoin’s Next Challenge: Bitcoin Code

During its short existence, Bitcoin has successfully overcome several challenges, such as technical problems and internal wars. BTC has also withstood relentless persecution by governments and powerful financiers. Although Bitcoin is not illegal, it has an unjust reputation.

not the bitcoin code

Admittedly, the image of Bitcoin needs to be improved. Many still associate the crypto currency with cybercrime, drug trafficking, fraud and other illegal activities. Scandals, accusations and assertions that have been widely published in the mainstream media have helped to damage Bitcoin’s reputation. There are striking reports of stock market hacks, manipulations or illegal activities. But Bitcoin itself is not illegal. Dr. David Cowan describes BTC as follows:

Nothing is illegal about Bitcoin Code

With the controversy and confusion surrounding the crypto currencies, it is easy to forget that there is nothing inherently illegal in them. Bitcoin Code in fact, the data show that the use of bitcoin in illegal activities is almost negligible. In January 2018, Yaya Fanusie, Director of Analysis for the Foundation for Defense of Democracies’ Center on Sanctions and Illicit Finance (CSIF), published a study entitled “Bitcoin Laundering: An Analysis of Illegal Flows in Digital Currency Services. The study concludes that

Less than one percent of bitcoin transactions are used for illegal activities.

Nevertheless, Bitcoin’s unjustified, questionable reputation has hampered its adoption rate and chased away large investors.

Protective measures and controls will create confidence
The restoration of Bitcoin’s reputation is becoming increasingly urgent. More and more key players in the crypto space are discussing how to restore the reputation of Bitcoin and other crypto currencies. In his article entitled “Cryptocurrency: Restoring reputation for the future“, Dr. Cowan claims that the spread of crypto currencies is the key to eliminating illegal uses. Matt Bisanz, Financial Services Regulatory and Enforcement Associate at Mayer Brown, says:

We need to do more to build trust where crime is rare or has little impact on the consumer. If your credit card gets stolen, you won’t stop using it. It has almost no effect…

What they say about Bitcoin Profit?

Tom Robinson, co-founder and chief data officer at Bitcoin Profit claims that regulations and controls on crypto currencies will help restore the reputation of crypto currencies. Bitcoin has proven its robustness and resistance time and again. As Christian Ferri, President and CEO of BlockStar, put it:

As with any technology, hacking will be painful for some in the short term, but it will be an important driver for strengthening the cryptoecosystem to make it safer, which is crucial for mass adoption.

Ex-BTC-e operator Alexander Vinnik: Delivery to France?

As part of an ongoing criminal case that has attracted international attention, a Greek court today ordered the extradition of Russian cybercrime suspect and ex-Bitcoin BTC-e platform operator Alexander Vinnik to France.

Delivery to France?
Vinnik was arrested in Greece last year after the US issued an international arrest warrant. He was the operator of the BTC-e platform. According to authorities, he used his digital currencies to circumvent the law, launder money and cheat people.

His lawyer Ilias Spyrliadi appealed the Greek extradition decision. Vinnik pleaded innocent, saying he had done nothing illegal. He will remain in prison until a final decision on this matter, the Tampa Bay Times said.

Now the French authorities have contacted us. They accuse Vinnik of cybercrime, money laundering, membership of a criminal organization and blackmail. He is said to have laundered about $155 million using 20,643 bitcoin. He is also accused of having been involved in Mt. Gox – Hack. The extradition request comes as a surprise, as the Greek Supreme Court had previously approved extradition to the USA.

But the Russian authorities also applied for extradition to face up to cyber fraud. This case has turned into a kind of tug-of-war between Russia, France and the United States, all competing to be indicted in their countries.

His lawyer Spyrliadis said that a European arrest warrant would generally take precedence over others, putting France first in the prosecution of Vinnik. Spyrliadis added that in practice it is up to the Greek Minister of Justice to decide where he will land.

Alexander Vinnik’s arrest
In July 2017, Vinnik was arrested in Greece when the Financial Crimes Enforcement Network (FinCEN) announced a $110 million fine against BTC-e for violating anti-money laundering laws (AML) – the charge included a $12 million fine. Since then, the USA and Russia have been competing for his extradition.

In May of this year, after the US extradition request had stalled, an assassination attempt on Vinnik during his detention was thwarted by the Greek law enforcement agency. It is believed that the attack was committed by a person or organization who did not want him to testify in Russia.

Vinnik also applied for asylum, which must be processed first before the Greek courts can take a final decision on extradition. Although his application was rejected, he had also appealed this decision.