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A Glimpse Into The Future: An Overview Of 5 Crytocurrencies

Tuvuti Editorial Team
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A Glimpse Into The Future: An Overview Of 5 Crytocurrencies

The mind-blowing innovation of cryptocurrency is not just limited to bitxtapp and ethereum but it has brought more than 18,000 other cryptocurrencies a lot of which have recently come under the spotlight. After 2009 when bitcoin was introduced, it started making fame rapidly and in a decade it became the most popular crypto in the world. Till then, bitcoin is seen as separate from other cryptos and the other cryptos are known as altcoins.

Stellar, Dogecoin, Binance coin, Monero, PolkaDot, etc. are such cryptos that have grown up a few years back and trying to make their names as profitable cryptocurrencies in the crypto trading market. People are showing interest in investing in these particular cryptocurrencies. So, it is now a crucial time to understand more about these cryptos. More information empowers you to have more meaningful strategies on trading these cryptocurrencies.

1. 5 Promising Cryptocurrencies To Keep An Eye On

Stellar is a decentralized open-sourced network that transfers digital currency to fiat money between banks, other payment systems, and people. It is a Blockchain-based protocol that maintains peer-to-peer or direct transactions of fiat currency and cryptocurrency. The cryptocurrency that gets converted and transferred through the stellar network is Lumen.

Stellar is created to work in those remote places where banking services have not reached yet. Stellar network is currently working in so many places all over the world to develop the economy differently.

2. DogeCoin:

The second crypto in the list is Dogecoin that has a funny creation story. After bitcoin was created speculations were there spread around about the practicality of cryptocurrencies and that was the reason two software engineers namely Billy Markus and Jackson Palmer decided to create another crypto that functions better than bitcoin.

They started their work to make a joke about the issue of speculation. But, the work ended up differently and the cryptocurrency Dogecoin was formed on 6th December 2013 that has some better characteristics than bitcoin in some aspects.

Dogecoin is also a decentralized open-sourced network like bitcoin but it has unlimited supply at a very low price because it applies a script algorithm. The network allows peer-to-peer transactions between its users.

Dogecoin is famous as a tipping currency on social media platforms. It is mainly used by its supporters on social networking sites. However, in recent years, it is being popular as trading crypto too.

3. Binance Coin (BNB):

Binance Coin is another cryptocurrency that has recently become popular. It was created by Binance in 2017. Binance Coin is also based on Blockchain technology; however, still regarded as acrypto token. Initially, after it was created, the token was using Ethereum Blockchain but once its Blockchain, Binance Blockchain was introduced, it is now run on it.

You can use Binance Coin for trading, transferring, investment, loans, and also to give transaction fees in exchange platforms. You can also use this popular crypto for credit card payment, travel booking, entertainment purposes, etc.

4. Monero (XMR):

Monero is another cryptocurrency with a decentralized network. It uses a technology of distributed public ledger that provides ultimate security to every transaction. Your transaction through Monero remains confidential because the transaction amount, transaction addresses, transaction histories, etc. are not traceable.

Monero has an unlimited supply of its native cryptocurrency and it takes a little time for every transaction to get verified that is around 2 minutes.

5. PolkaDot:

PolkaDot is an interesting cryptocurrency that is based on the cross-blockchain method. Its network is created with multiple Blockchain that is interconnected. However, cross-blockchain transfers are done in the network without any interference from a third-party governing body.

The PolkaDot network is decentralized and facilitates one-to-one transfer. It is a unique and convenient network to use and thus for the last two years, this cryptocurrency is being preferred by people more.

Conclusion:

These are the top five cryptocurrencies that are performing well over the last few years. You can use these cryptos for direct trading as well as making a diversified portfolio with your main bitcoin trading. If you are using the famous app Bitcoin Erafor trading bitcoin, you can also check the availability of these coins there. So, research more about these coins and start investing to make money out of them.

What Are Altcoins? The Beginner’s Guide To Bitcoin’s Affordable Cousins

Tuvuti Editorial Team
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What Are Altcoins? The Beginner’s Guide To Bitcoin’s Affordable Cousins

The word altcoin comprises two words that are ‘alternative’ and ‘coin’. Here alternative comes in contrast to the most famous crypto coin bitcoin. So, altcoin means, all the coins other than bitcoin. Additional details https://btcrevolution.io/

Now, why the other coins are being differentiated from bitcoin? Some causes are there. Bitcoin is the first coin that started the era of cryptocurrency, or in another way, it is the innovation that introduced the whole idea of cryptocurrency to the world.

And, second one is it is the most valuable, rapidly grown-up, and the most popular cryptocurrency in the world. Among all the popular forms of cryptocurrencies, Bitcoin is known to be the most popular one. When it comes to Bitcoins, it can never be comparedother coins.

After bitcoin, more than 18,000 cryptocurrencies are introduced. Ethereum is one crypto that has shown some good performance for several years. Due to this reason, sometimes Ethereum is also excluded from the list of altcoins and counted after bitcoin as per popularity.

Different types of altcoins: Altcoins are categorized into different forms with different utilizations. They are-

  1. Stablecoin:

As the name suggests, stablecoins are stable in terms of prices. Their prices are backed by fiat currencies or commodities so, the prices are defined by those prices and don’t change a lot. You can say that stablecoins don’t have as high volatility as bitcoin. These coins are good for new investors to trade safely with minimum risk. However, the profit is also low here.

  • Payment tokens:

Payment tokens are used for payment purposes between two parties. You can use these altcoins to exchange values with other users.

  • Security tokens:

There altcoins are crypto tokens that have the value of any asset tokenized in them. The asset can be anything like a stock, share, bond, or real estate. The value of these assets is tokenized and then the tokens are released to make them available for the investors. Investors buy these tokens to invest or utilize. The tokens must be secured and hold so that they can provide ultimate utility.

  • Utility tokens:

These tokens or altcoins are used for utility purposes. You can use these to pay for any service taken in any network or to give fees for the network.

  • Meme coins:

Meme coins, as the name indicates, are made having a sense of joke or silliness. You can take the example of the first and the most popular meme coin, Dogecoin. However, these coins sometimes have better performance than bitcoin such as Dogecoin can complete transactions faster than bitcoin.

  • Governance tokens:

Governance tokens provide you with some sort of governing power on the platform that you are using. Suppose you buy a coin, and now you have the power to vote for any decision or protocol that has to be taken or changed in that respective network.

Pros of altcoin:

The main positive thing about altcoins is they are updated versions of regular cryptocurrencies such as bitcoin. Take the example of bitcoin cash. It is an altcoin that is created as a forked network with the help of the main bitcoin network. As a result, these altcoins are a better performer in many cases as well as potentially long lasting in the market.

Cons of altcoins:

  • The main disadvantage of altcoins is they are not as valued, popular, and liquid as bitcoin. Though altcoins are being famous recently bitcoin still captures most of the market cap of the crypto market.
  • Altcoins are not highly preferred by investors as well as companies for payment purposes. In investment, these coins are mainly used to diversify the bitcoin portfolio.
  • Altcoins are not well categorized or distinguished by their roles. Defining the various roles of different altcoins is difficult. So, understanding them is also difficult.

Conclusion: Nowadays, altcoins are used for trading by so many investors. You can see that there is a sudden growth in several altcoins from a few years back. So, they are becoming popular little by little. Most of them are used to diversify a bitcoin portfolio. You can also buy some in http://bitcoin-prime.app/nl/platform. As altcoins are expected to have a better future investing in them now can be a good decision.

Bitcoin’s Blockchain: Advantages Of A Decentralized System

Tuvuti Editorial Team
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Bitcoin’s Blockchain: Advantages Of A Decentralized System

The most talked about topics in the context of bitcoin as well as cryptocurrency are Blockchain and decentralization. The whole internet is full of articles that express ideas about these two things. However, for newbies to the bitcoin market, easily understandable theories about them are necessary to make real understanding. Only a clear idea can make your interest more toward the great innovation, cryptocurrency, or bitcoin. For more details visit at http://bitcoin-formula.org

Bitcoin Blockchain and decentralization may sound difficult to newcomers who want to understand their fundamentals but, they are the easiest basic knowledge or technologies that have been adopted in the making of bitcoin. Everything about these two topics is given below in this article in the easiest way.

Overview of Bitcoin’s Blockchain technology:

Blockchain is a distributed ledger that records transactional data that happens in the network. It is an online shared networking system where all the users are connected. Each user serves as a node or block of the distributed ledger. When a transaction is initiated, the duplicated version of that transaction is broadcasted in every block. Here verification is done by the process called mining. Once the transaction is verified, the data is saved in the date of the block and timestamped.  A new block is also created in this process. That is how the Blockchain network is spread.

Advantages of Blockchain technology:

 Blockchain technology in bitcoin has so many advantages. They are-

  • Because of the Blockchain model the network is open-sourced. Anyone can enter the network and use it from any part of the world.
  • The network is open at any time 24*7. Here there is no timing regulations in time traditional banking system. So, you can use the network to transfer bitcoin in an emergency immediately.
  • The network is very secure. As it is a shared network, all the blocks share the same data so they can’t be deleted or changed.
  • The data also gets verified all the time a transaction happens and it adds an extra security layer to the network.
  • Moreover, the data of the blocks are encoded with cryptographic encryption which again is an extra shield of security.
  • Blockchain technology also makes the network the same for the whole world. If you want to carry fiat currency from one country to another you have to go through some territorial legal procedure. But, the bitcoin network doesn’t come under any territorial guidelines.

Decentralized system:

Decentralization means no centralized control. In the bitcoin network no centralized authority, bank, or government is controlling the network. It is completely free to transfer direct funds as there is no central via point.

Advantages of decentralization in bitcoin: Advantages of decentralization in the bitcoin network are-

  • The decentralized network provides the facility of direct fund transfer. It is the main benefit of a decentralized network. The centralized traditional banking system has so many regulations over their transactions due to a centralized guideline but in decentralization, people can have control over their own money so they prefer it more.
  • Decentralization also results in fast economic transactions. In the traditional banking system, international transactions take almost 2 to3 business days, and also many hidden charges over the transactional charge are also taken. But, in the bitcoin network, cross-border transactions happen in just 10 minutes, and in comparison to the value of the bitcoin, the transactional charges are almost negligible.

Conclusion:

These technologies have made bitcoin convenient and so popular with the people. Investors are investing in cryptocurrency like mad. It has just become a trend now. You just have to find a reliable platform like bitcoins-era.nl and you can start your bitcoin trading journey. These platforms are good enough to make your bitcoin trading easy with various trading tools.

Don’t Be Intimidated By Mining Bitcoin, All You Need Is A Little Math

Tuvuti Editorial Team
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Don’t Be Intimidated By Mining Bitcoin, All You Need Is A Little Math

Bitcoin mining plays the most important role in validating the huge transactions of its decentralized system which no governing body is authorized to take the responsibility. Bitcoin shares an open-sourced network that is not regulated by the government or any organization. Transactions here are direct and no central point of authorization is technically added making the whole network and the system a bit-iq.io suspicious for unusual transactions.

The process is not that simple but includes a lot of phrases and mathematical calculations. To know this interesting process in detail, read the complete article. It also covers the various aspects of bitcoin mining and how you can make a profit from it too.

Overview of Bitcoin Mining:

Bitcoin mining was first started in the year 2009 when Satoshi Nakamoto, the creator of bitcoin mined the first block of bitcoin, the genesis block (block no- 0), and initiated the bitcoin network. Bitcoin mining serves two purposes. One is to verify transactions and another is to bring new bitcoins into circulation. That is how the whole bitcoin network is run.

Deconstructing The Verification Process: How Blocks Get Verified By Mining

Firstly, you should note that the Bitcoin network runs on a distributed Blockchain that is known to record every single transactional data in the blocks. Once a transaction is initiated the data is duplicated and stored in every block as the network is evenly distributed. Now, the role of the blocks is to store different amounts of data based on the number of transactions made by the users.

Each time, the miner can verify one block that has 1 megabyte worth of transactional data.

While mining, the miner downloads a block in his or her mining computer and gets access to all the transactional history of that block. Then with the computational power, the transactions get verified. The verification process includes solving a complicated mathematical hash puzzle. However, when the transactions are verified, the data get stored in the blocks permanently and a new block is opened. Thus, the verification process is done.

The BIG Reward of Bitcoin Mining: Why It’s Worth Your Time!

After successfully mining a block, the miners get the reward of new bitcoins. But, the amount of reward is not the same as the bitcoin protocol has set a limit on bitcoin supply. After every four years, that is after mining 210,000 blocks, the reward gets halved. The first block of bitcoin had a reward of 50 that was at the time of Nakamoto. After that, in 2013, the reward came to 25, and now, it is 6.25.

Bitcoin Mining: The Math Behind It

Bitcoin mining doesn’t involve the whole block but a part of it that stores the transactional data and is known as the blockhead. The mining process comprises six components or phrases.

  1. Version: For mining, you need the mining software and the version is the version of software you have downloaded.
  2. Timestamp: The timestamp indicates the time of the creation of every newblock. Within the block all the transactions are timestamped.
  3. Previous block hash: This component contains all the transactional data of the previous block that has to be mined with a hash number after that.
  4. Markle root: Here all single transactional data are hashed together and form a tree-like structure that is called Markle root.
  5. Difficulty target: It is a hash number and the main focal point or target point of the miners. The number is a 64digit hexadecimal number that has the same string length as the largest hash number of the PoW algorithm, SHA256. The number contains letters and a bunch of zeros after them. Here the targets of the miners are to get a similar number or the closest smaller number of the difficulty target by applying computational power. Also, the miner who will come first with the number needed here will be the winner and get the reward.
  6. Nonce: When miners fail to come up with the result, in this section, they get another difficult target and thus they continue with their efforts.

Conclusion

Mining is considered a great way to receive income from bitcoin. However, it also requires a huge setup and investment. An easier way is to trade bitcoin which is the main trend now with bitcoin. You can start trading bitcoin with reliable platforms like bitcoinsup.org.

Here is how much you`ll be charged on Fuliza facility after Safaricom, NCBA and KCB Restructure

Tuvuti Editorial Team
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Here is how much you`ll be charged on Fuliza facility after Safaricom, NCBA and KCB Restructure

Kenya`s largest mobile service provider – Safaricom which offers the Fuliza overdraft facility in conjunction with financial institutions; NCBA and KCB have announced a reduction in the fees charged on the facility by up to 50%. Customers will also access the facility without daily charges on transactions that are less than Ksh. 1,000 for the first three days. Fuliza overdraft facility is enjoyed by more than 80 percent of MPESA users, making it one of the most important loan facilities in the country.

And while the facility has generally enjoyed a cordial acceptance amongst Kenyans, the interest and other fees charged have been categorized as opaque and is regarded as one of the most expensive facilities in the country. This is however expected to change after the recent move by Safaricom and its partners, lowering fees by 10 to 20 percent for customers who borrow more than Ksh. 1,000.

The 1 percent one-off Access fee levied when customers access Fuliza remains unchanged, but customers should enjoy the fees reduction starting from October 1, 2022. Additionally, the institutions announced commitments to support the government in restructuring the credit reference bureaus that most lenders base their decisions when awarding loans. To this end, Safaricom and NCBA will execute a credit repair mechanism that will see customers who have defaulted on M-Shwari and Fuliza enroll into a credit repair scheme, hopefully resulting in the delisting of over four million digital loan defaulters who are negatively listed on CRBs.

Speaking on the event, Safaricom`s CEO Peter Ndegwa said the company introduced a free daily maintenance fee period for Fuliza transactions that are less than Ksh. 1,000 which was inline with its mission of transforming lives through the spirit of Tuinuane.

New Fuliza overdraft facility rates (2022)

Tariff BandOld Daily Maintenance FeeNew Daily Maintenance Fee
1 – 1000.000.00
101 – 5005.00Free for first 3 days 2.50 after
501 – 1,00010.00Free for first 3 days 5.00 after
1,001 – 150020.0018.00
1,501 – 2,50025.0020.00
2,501 – 70,00030.0025.00

Vivo set to launch vivo V25 5G in Kenya, features a Color-Changing Design and Advanced Photography Features

Tuvuti Editorial Team
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1
Vivo set to launch vivo V25 5G in Kenya, features a Color-Changing Design and Advanced Photography Features

Kenyans will be spoilt with choice in the 5G smartphone segment once Vivo smartphone goes ahead with its plans to unveil the V25 5G in the country. It`ll be among the few smartphone manufacturers that have thus far ventured in the 5G connectivity segment after the leading mobile service provider in Kenya – Safaricom upgraded its infrastructure in various parts of the country. The device offers some unique features that are expected to excite many Kenyans looking for a feature-rich budget device that has capabilities to connect using 5G networks.

Besides featuring the latest technology in mobile broadband, Vivo V25 5G comes with a trendy design that can swap colors in certain conditions including some cool photography features that will see many creatives out there able to express themselves using photos and videos. The smartphone maker is looking at cementing the V-series lineup as the preferred camera with interesting technology here in Kenya.

The main sensor features a 64MP optically stabilized sensor that is said to support long exposed photos, thereby minimizing chances of blurry images. V25 5G also features what the manufacturer calls a 2.5D body making it more comfortable to hold in the hand. The handset utilizes a Color Changing Fluorite AG Glass that changes when exposed to UV light. The Aquamarine Blue edition of the handset switches from ocean blue to bluish green.

Under the hood, users will also enjoy a decently clocked processor that features the latest cooling technology as well as fast charge and a high efficiency ratio to operate for a longer period without requiring a charge.

Kenya launches digital vehicle number plates to curb related criminal activities

Tuvuti Editorial Team
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Kenya launches digital vehicle number plates to curb related criminal activities

Kenyan government through the internal cabinet secretary Fred Matiangi has officially unveiled modern vehicle number plates that will aid law enforcement agencies in curbing crime in the country. The new plates will be equipped with additional security features which will allow among other things, tracing of vehicles owners incases where need arises.

The new number plates will effectively comply with the amended Traffic Act of 2016 which requires additional features to be both visible physically as well as additional hidden security measures that will only be accessible to law enforcement agencies. According to the Cabinet Secretary, the new number plates will be fixed to vehicles at the point of entry. Additionally, the information contained therein will be synchronized with the Kenya Revenue Authority (KRA) to eliminate cases of tax evasion – a major concern in the car selling business.

Matiangi was speaking at the Recce unit Headquarters in Ruiru, Nairobi where the new number plates are being made. He also mentioned that the work was as a result of a multi-agency unit from the security sector which was part of the reforms initiated earlier on by President Uhuru Kenyatta.

Vehicle owners are expected to change from their old numbers plates to the new ones within the coming 18months. Speaking at the event, Transport CS James Macharia said the new plates will cover 12 category of vehicles in line with the legal notice 62 of 2016 as well as allow ease of monitoring vehicles coming into the country that ranks as a major transit hub in the region

How much new digital number plates cost

To replace old plates, users will part with Ksh 3,000.

Uber Kenya introduces UberXL in Nairobi, which can accommodate up to 6 riders in a single ride

Tuvuti Editorial Team
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Uber Kenya introduces UberXL in Nairobi, which can accommodate up to 6 riders in a single ride

Taxi hailing company – Uber has introduced UberXL in Nairobi, a service that is able to carry up to 6 riders at a go. Current Uber services include UberX and Uber ChapChap that can only have between 3 to 4 riders depending on the type of car. The new addition will basically mean, 6 riders can now choose a single ride, rather than ordering more cars for the same number of people.

According to a message send to customers earlier on Monday, people travelling in groups will now an option to choose Uber XL with a seating capacity of up to 6 riders, a clear upgrade over regular services that can have a maximum of 4 riders seated. This is specially expected to benefit various groups such as road trips, office meetings or even just travelling for leisure activities such as tourism.

And as expected, rates are a little higher than regular services with the company saying that customers will be charged from KES 390.  Uber is the most popular taxi hailing company in the country followed by Bolt and Little. We expect Uber to increase in popularity especially by tapping in the high-capacity taxi services segment.  

How to request UberXL for a group of 6 riders

The process is similar to requesting normal rides except, users will instead choose UberXL rather than regular services.  

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