Tag Archives: blockchain

Blockchain in China could be explored in diverse fields as many sense the necessity

Blockchain in China could be explored in diverse fields as many sense the necessity

The Chinese People’s Political Consultative Conference(CPPCC),

the advisory body of the Republic of China, recently emphasized the need for the adoption of the blockchain technology in various sectors in the country. China is one of the countries to be recognized as one of the fast countries to adopt blockchain technology and implement it in various streams.

Need for Blockchain in Fresh Areas

The potential of the blockchain went recognised and the possible applications in all sectors were been analysed. The unique features of the blockchain attract various use cases. The representative of the National People’s Congress, Qian Fangli, stated the possible use of blockchain in risk control management. He said, “Make full use of blockchain to establish an intelligent risk control model.” The member of CPPCC, Cheng Jing also triggered the need of the blockchain in the manufacturing platforms so that they could be upgraded and transformed. The Jiangsu province of China which is known for its intelligent transport system has formulated 8 special action plans around blockchain including other contents.

New Blockchain uses in the Financial Sector

The financial sector is one of the main recipients of the blockchain technology and every day a new way of applying blockchain emerges. Chengdu University of Electronic Technology and Chengdu Jiaozi Financial Holding Group established Jiaozi Financial Holding Blockchain Research Institue.On the other hand, Intel and Ant Blockchain joined hands to use the blockchain to provide credit enhancement for leasing companies. One of the city, Suzhou is the first country to record a ‘blockchain + notary’ administrative law enforcement process record mode.

‘Promote Blockchain in Healthcare’ – National People’s Congress

The representative of National People’s Congress, Zhou Songbo emphasising the importance of blockchain adaption in healthcare sector said, “Promote the integrated application of emerging technologies such as blockchain in the medical system.” Blockchain can also be used to enable all the doctors to achieve identity authentication as specified by CPPCC committee member, Fang Laiying. Other developments in the blockchain space in China include two new moves,

  • Ningbo, a major port and industrial hub in east China’s Zhejiang province issued “Ningbo City Three-Year Action Plan to Accelerate the Cultivation and Innovative Application of the Blockchain Industry(2020 – 2022)”
  • The Blockchain Professional Committee of Hebei Information Industry and Information Technology Association was established.

Wrapping it Up!

Blockchain no doubt has the potential to transform any sector with its unique features. Sooner the features are analysed and adapted into the possible sectors, the more would be the development pace in the country. China too has recognized the blockchain’s power and wish to implement in all possible sectors and strengthen the economy.

Article Produced By
Qadir AK

Qadir Ak – Co-founder of Coinpedia Blog – His interest as crypto Author, Editor, Speaker at cryptocurrency conference has made him known as passionate blogger and startup in Asia.


Heiko Closhen, Entrepreneur

China blockchain firms may lose access to US capital markets

China blockchain firms may lose access to US capital markets

Sunlight is often said to be the best of disinfectant.

For publicly traded companies, that sunlight comes in the form of transparency and reporting. Last Wednesday, the U.S. Senate took steps toward forcing Chinese companies to adhere to the same transparency rules as other corporations or risk losing access to U.S.-based stock exchanges. For China-based ASIC hardware manufacturers, this new regulation might be the last nail in the coffin for their U.S. capital market aspirations. It could lead to delisting for those already traded.

Controversy has followed many leading China hardware makers when they have attempted to list publically in the past. Canaan and Bitmain were accused of misleading investors regarding their financial well-being in the lead-up to an initial public offering (IPO). Online reports claim Bitmain omitted negative Q2 2018 info on their investment prospectus during its ill-fated first attempt at an IPO listing. A lawsuit filed by Scott+Scott Attorneys accuses Canaan of misleading an investor before their recent NASDAQ sale, which only raised less than one quarter of its $400 million initial target. Ebang has recently announced they filed for a $100 million IPO with the U.S. Securities and Exchange Commission (SEC). The company’s prospectus shows it made over $109 million in 2019, but it also had a deficit of around $41 million.

The IPO move comes two years after its aborted listing on the Hong Kong Stock Exchange (HKEx). Chinese news outlet Sina Finance reported that Ebang halted that $1 billion IPO raise while under a cloud of alleged involvement in illicit financial activities. In late December 2019, 8BTC reported the company was under investigation by Beijing authorities. The bipartisan bill, known as the Holding Foreign Companies Accountable Act, passed unanimously. It requires Chinese companies to disclose if they are owned or controlled by a foreign government. The companies must also submit to an audit that the Public Company Accounting Oversight Board (PCAOB) can review for three consecutive years. There are over 150 Chinese registered companies listed on the most prominent three U.S. stock exchanges. These companies are currently not subject to PCAOB audits.

Some organizations might look to repatriate back home to the stock exchange in Hong Kong or Shanghai rather than submit to this enhanced regulation. Proponents of the bill point to the recent Luckin Coffee scandal were employees fabricated $300 million in sales to justify the critical need for investors to know more about the foreign organization being listed. Alongside new congressional regulations, Reuters reported that the Nasdaq exchange is preparing to unveil its own new restrictions on IPOs, which will also make it more difficult for smaller China-based companies to get listed. Small Chinese firms often pursue IPOs because it allows their founders and early backers to cash out, rewarding them with U.S. dollars they typically cannot easily access. The founders can use their new Nasdaq-listed status to convince lenders in PRC to fund them or get subsidies from Chinese local authorities after going public.

Per the report, what motivates the proposed rules is, in part, concerns that some Chinese IPO hopefuls lack accounting transparency, have low liquidity, and close ties to powerful government insiders. The upcoming rule change will require companies from certain countries to raise $25 million in their IPO or at least a quarter of their post-listing market capitalization. It would also require auditing firms to ensure that their international franchises comply with global standards. Nasdaq will inspect the auditing of small U.S. firms that audit the accounts of foreign IPO hopeful. In any event, the future for these Chinese ASIC hardware companies doesn’t look for investors. Because of the market price stagnation of BTC, there is no demand for their products. Geopolitical issues aside, they built their revenue models based on the demand growing from a digital currency that has no intrinsic value or utility. 

Article Produced By
Jacob Rozen

Jacob is a lifelong system engineer and a longtime advocate for Bitcoin. His goal is to continue learning more about Bitcoin SV while also helping onboard other into the ecosystem.


Heiko Closhen, Entrepreneur

How Blockchain can change the business?

How Blockchain can change the business?

Do you want to know how does this technology work?

What are the characteristics of the blockchain that make it attractive to the business? What are the main application areas and projects underway in 2020? What are the points of attention for CIO and top management? Eefficiency, innovation and cyber security: these are the three priorities on which most of the attention of companies focuses today and in all of these the application of the blockchain can “make a difference”. We see below a brief explanation of what blockchain is, how it works and what the main application areas are. Click on Bitcoin Up to know more.

Federated Byzantine Agreement (FBA)

If those described are the two main protocols, others have been created, partly a derivation of these, partly with totally new elements. Among the most interesting are the Federated Byzantine Agreement (FBA), developed by the Stellar Development Foundation (and used since the second half of 2015 by the Stellar blockchain ) based on trusted units (quorum slices) decided by the individual servers that together establish the level of consent of the system. The difference between public and private blockchain Finally, remember that if the blockchain was born as a public way to carry out transactions, Blockchain 2.0 sees the spread of this technology. And it increases the chances to earn more money. The latter are often the result of the creation of consortia for specific supply chains. We can therefore say that we have:

  • Ppublic blockchain: everyone can access and operate transactions within it or participate in the validation process.
  • Bblockchain consortia: the authorization process is delegated to a pre-selected group (among the main consortia there is for example R3 which groups the largest banks in the world). The possibility of joining the blockchain and of carrying out transactions within it can be public or limited to participants only. This type of permission blockchain is particularly suitable for use in the business world.

3 types of blockchain applications, from bitcoin wallets onwards

Today the applications of this technology can be divided into three macro categories based on the development stage of the technologies used. The Blockchain 1.0 category concerns all financial applications for the management of cryptocurrencies (regardless of the validation protocol used) starting from the historical (and which currently still holds the leadership of cryptocurrencies) Bitcoin. In practice, bitcoins are files that can be saved in each user’s digital wallet. Each bitcoin address in the wallet can be associated with a variable number of bitcoins. And each address (public key) is associated with a digital signature (private key), to make sure that only the owner of a certain address can initiate a transaction linked to it. The Blockchain 2.0 category extends the blockchain to sectors other than the financial sector thanks to the implementation of smart contracts The next step will be that of Blockchain 3.0 with the spread of (decentralized applications): a future in which we will all use blockchain technologies, probably without even realizing it, because they are encapsulated in the “things” connected to each other, without human intervention, with applications that will self-compile.

The “crypto-winter”

After the strong media attention received in 2017, driven by the increase in their price, 2018 is characterized by an unstoppable collapse in terms of capitalization. The whole Blockchain community coined a new term to define this moment: “crypto winter “. But winter hasn’t come for the technology behind cryptocurrencies. The Blockchain continues to arouse great interest from companies. The technology evolves, thanks also to the efforts made by the developer communities that revolve around public Blockchains. Meanwhile, the future remains to be written. In the exposition of this text we will therefore speak of Bitcoin blockchain (with a capital “B”), blockchain technologies (with a small “b”) and Distributed Ledger Technologies or the acronym DLT. So crypto-winter is person who is ready to earn by crypto money. He must aware about latest technology of the crypto and know how to use these techniques to earn money. There are many software which are used by the investor to earn more and more cash using the simple techniques and without doing any affords.

Article Produced By


Heiko Closhen, Entrepreneur

Can Blockchain be the solution to preventcontrol future pandemics?

Can Blockchain be the solution to prevent/control future pandemics?

The effect of COVID19 on us is as plain as a pikestaff.

Hardly there has been any sector immune to the virus. We are not going to discuss the devastating effects of the virus again. But is there a way out to control pandemics like these in the future? Is there anything government agencies around the world could have done better to reduce the impact of the deadly monster we have amongst us today?

The Build-up

Blockchain is still in its early stages but its capabilities in various industries are not new to us. The amount of data that is generated every-day is beyond one’s imagination and it is only going to creep up. The way to succeed for most organizations today has been taking the path of digital transformation. Now imagine the amount of data that will be generated and the number of transactions that would be recorded every second of the day in the coming time.

Clearly, the next big change we are talking about is having the capabilities to handle this gargantuan amount of data. With so much data and transactions invites another age-old problem – The security of this data. Thus, BlockChain can play a huge part in every sector and it will be imperative for organizations to leverage this technology to cut down on their costs and operate in a smooth manner for the post COVID era. Restricting ourselves to the healthcare sector, Data is the fuel to provide the best care in Healthcare today and BlockChain could be the vehicle to drive us there. It can play a pivotal role in the healthcare sector and all the agencies involved in the healthcare ecosystem could look upon to invest in this technology to control pandemics of a similar scale in the future.

So how can Blockchain help?

In difficult times like this, a proper mechanism needs to be established to gather data and protect that data. Blockchain can be leveraged to collect and collate patient data more efficiently by the government agencies and by those who are part of the health-care ecosystem. Further, patient movements can be effectively monitored to guarantee social distancing. Since we are talking about blockchain, people need not worry about protecting their identity as it is taken care of by blockchain.

Currently, most of the data on COVID-19 is being shared through APIs and the data is being stored on centralized databases, making the whole system vulnerable and prone to data misuse. Being part of the blockchain system will allow the patients to selectively share their data that are important for mitigation efforts while not disclosing the entire information. The data will remain anonymous in the network and the patient will own it entirely. This will reduce the severity of a pandemic like COVID and help most of the businesses to function as close to normal, significantly bringing down the chances of getting infected from such diseases.

Another advantage a decentralized platform like BlockChain can provide is in the Supply management side. The Global supply chain has been compromised in these tough times and there has to be a way around it. HealthCare authorities, especially those concerned in dealing with medical supplies, are at times unclear on sourcing supplies without knowing the origin. Long supply chains cause problems with forecasting and Blockchain can be utilized here to solve the problem. Having Blockchain incorporated in the healthcare supply chain will allow organizations to break the silos and establish a sense of safety. This has already been embraced by IBM with Rapid Supplier Connect and its time all the players slowly implement blockchain as a part of their digital transformation.

Block-chain could be the missing piece of the puzzle in the health-care system that can help authorities to collect data effectively, ensure data interoperability, dismiss fake news, and prevent countries from hiding information. All the federal authorities can begin by taking mini-steps towards adopting BlockChain NOW! The above article is written by guest author Sushil Sali. he has worked for the biggest healthcare insurance platform in the US and is now exploring Blockchain use-cases in the healthcare and other industries. 

Article Produced By
Guest Author


Heiko Closhen, Entrepreneur

Cryptocurrency Fraud is Evolving Bitcoin ATMs Mitigate Risk

Cryptocurrency Fraud is Evolving; Bitcoin ATMs Mitigate Risk 

In one of the more overlooked aspects of the crypto ecosystem,

it appears that the bulk of illicit activities are shifting from hacks and thefts to cryptocurrency fraud and scams. CipherTrace, the crypto-surveillance, and analysis firm released a report at the end of Q4 2019 that revealed hacks and thefts had decreased by 66 percent in 2019 while fraud and misappropriation of funds surged by 533 percent. And beneath the COVID-19 hysteria of 2020, hacks in the crypto sector have been eerily isolated. Outside of a few exploited flaws in P2P exchanges and DeFi flash loan vulnerabilities, the headline-grabbing hacks of exchanges for hundreds of millions of dollars have been absent so far this year. Is the industry due for another massive hack, or are stringent KYC/AML processes, regulatory crackdowns, better security practices, and blockchain surveillance working? 

KYC/AML Improvements Are Reducing the Appeal of Crypto Exchange Laundering 

2020 is far removed from the no-KYC wild west days of the early-mid 2010s where anonymous altcoin casinos preponderated and the Dark Underbelly of Cryptocurrency Markets thrived. Today, bitcoin and the crypto ecosystem is becoming institutionalized with a surfeit of derivatives (e.g., options, futures, perp swaps, etc.) available on regulated exchanges. 

Most of the leading exchanges adhere to the demands of the regulatory regimes in their locales, whether they be in the US or some more obscure locations like Seychelles. Conventional wisdom would indicate that the growing adherence to stricter KYC/AML enforcement has reduced the appeal of major crypto exchanges for money laundering — a sentiment mirrored by CipherTrace’s most recent report. Many exchange venues are also embedding self-regulatory procedures into their business models. For example, exchanges are increasingly tapping blockchain surveillance companies to avoid regulatory ire when it comes to money laundering, regulators are dealing out enforcement dictates for AML compliance, and regulatory arbitrage is becoming harder for exchanges to manage. Even more grassroots access venues to crypto assets, like Bitcoin ATMs, are fully regulated under US KYC/AML laws. For example, Bitcoin ATM provider, Bitcoin of America (BOA), with more than 250 locations in 17 states, is a registered Money Services Business (MSB) with the Treasury Department. And the company’s compliance standards have already proved fruitful in mitigating fraud at a high level.  

For instance, in one case in September 2019, a BOA customer placed an online order for $500k in BTC. The transaction size raised the compliance level (e.g., identification requirements, etc.) along with increased scrutiny on the transaction by the team. Upon closer examination, the BOA team discovered that the customer had a restitution order against him in the state of California for a previous fraud scheme. BOA personnel subsequently notified the corresponding FBI office and alerted the agency that the transaction may be used to circumvent the restitution order. The FBI issued a seizure warrant for the funds, distributing to the victims of the previous scam. Bitcoin of America and other alternative fiat-to-crypto exchange services have strict command over fraud prevention. Wires and online transfers require ID And other personal info that increases in tiers in lockstep with the transaction amount increases. As the avalanche of KYC/AML processes continues to take the exchange market by storm, exchanges become less appealing for hackers. 

Gone are the days of absconding with $500 million anonymously. Exchanges thoroughly identify users withdrawing sizeable amounts, and blockchain surveillance companies like CipherTrace can trace and blacklist stolen assets on public blockchains. As a result, crypto hackers have turned into crypto fraudsters, or maybe fraudsters simply have their moment to shine. For example, debacles like QuadrigaCX, where roughly $200 million was “misplaced” by the founder, count as fraud. With reduced incentives for third-parties to maliciously steal funds from an exchange due to surveillance risks, inside jobs are becoming more commonplace. Inside jobs may be the new normal, especially when you consider the vastly improved security practices of most industry exchange venues. 

Better Security Practices are Forcing Hackers to Get Creative 

Unsurprisingly, many of the biggest crypto exchange hacks are inextricably linked to poor security standards of exchanges. Lousy security practices ranged from storing significant sums of customer deposits in hot wallets to a lack of multi-signature authorization for large withdrawals. Times are different now. Regulated custodians like BitGo are widely tapped by many of the leading exchanges, and self-custody digital asset management platforms like Ledger Vault are rapidly becoming the new standard. These services offer secure multi-signature authorization mechanisms, deep cold storage, and other conditional flows required to mitigate any potential exogenous threats to pilfer customer funds. Hackers are acutely aware of this dilemma. Naturally, they have shifted focus to DeFi hacks like the BZx attack. Flash loan attacks are likely to become the new normal as they essentially allow hackers to capitalize with massive sums at little cost. However, zooming out, DeFi liquidity pools and protocols contain vastly fewer aggregates of assets than their centralized exchange counterparts. 

Hackers will have to get creative probing DeFi KYC protocols, but the days of repetitive strings of high-profile centralized exchange hacks may be waning. That’s a net positive for the industry. Inside jobs are likely to continue in popularity, however, but that’s no different than the legacy financial world. Fraud is much more commonplace in banking that overt hacks on banking security layers, which may end up reflecting the new standard in the crypto ecosystem. Either the lack of headline-snatching hacks in 2020 is portending that we’re due for another big one, or KYC/AML processes and better security practices are working well. If that’s the case, look for more QuadrigaCX scandals than CoinCheck-style hacks. 

Article Produced By
Danielle Sabrina

Named by CIO as a female entrepreneur to follow, and member of the Forbes Agency Council, Danielle Sabrina started her career on Wall Street at just 19 years old, going to become one of the youngest equity traders in the industry. After a successful corporate career, she went on to found her media company Tribe Builder Media, a hybrid agency that connects the worlds of digital marketing, public relations and experiential marketing. Her experience with a diverse client base – which includes Tech, FinTech, Influencers, NBA/NFL players and celebrities has garnered Danielle the reputation of being one of the most sought-after publicists and strategists in media. Her thought leadership has been featured in Forbes, Entrepreneur Magazine, Inc., Huffington Post and many others.

Heiko Closhen, Entrepreneur

Libonomy The next generation blockchain technology


The next generation blockchain technology

Every year, blockchain technology receives more and more fans who have appreciated all the advantages

of working with a decentralized registry. Moreover, a well-developed product on the blockchain enjoys a more trusting attitude from users who understand the reliability and honesty of such projects, especially when it comes to the financial sector.

Companies that decide to create their decentralized project will face two main problems:

  • The complexity of programming blockchain applications, which requires a high level of skill and relevant experience from developers.
  • Problems with scaling classical blockchains (Bitcoin, Ethereum), which will limit the future project both in the maximum number of users and in some technical aspects

Today we will talk about the new Libonomy Blockchain solution – a scalable, secure, and universal blockchain ecosystem that allows you to write Smart Contracts, create DEX, or any other decentralized application that thanks to interoperability can interact with other blockchains. The idea belongs to Fredrik Johansson, but it wouldn’t be possible without co-founders Richard Haverinen and Therese Berglund. Richard as a founder and owner of multiple companies through the years has picked up everything there is to know about running a business. Fredrik comes in with his unique ideas and leadership abilities. And Therese, being extremely structured, coordinated and with a very broad perspective, is the glue that keeps it all together. Collectively they form a strong, well-balanced team. So, it’s no surprise that they have created something as revolutionary as Libonomy. Libonomy is a fifth-generation blockchain, centered on the principle of consensus, regulated by artificial intelligence. Libonomy creators didn’t settle on using previously known consensus algorithms because of their significant shortcomings but developed their own, unique, error-free, AI-controlled consensus engine. Algorithms created as a result of a detailed mathematical analysis of AI, and controlled by it, are devoid of human intervention and therefore have an exceptional level of security.

Key benefits of the Libonomy Blockchain:

  • Better distribution of rewards;
  • Completely decentralized;
  • Energy-efficient;
  • Nodes are not required to have high computing power;
  • Very high TPS (and will increase over time);
  • Dynamically scalable
  • No security vulnerabilities;
  • Completely autonomous;
  • Interoperable;
  • Lower transaction fees;

Unlike classic DAPP development platforms, which are based on Bitcoin or Ethereum blockchain, Libonomy developers have completely solved the scaling problem. The network uses the power of all nodes, respectively, the computing ability of the blockchain will grow in proportion to the number of nodes in the network. An additional advantage over existing DAPP platforms is the adjustable block size. AI determines the optimal value and can change it to this parameter. Starting TPS is equal to 6000, which is already quite a serious indicator, but thanks to the principles of Libonomy blockchain functioning described above, the throughput can be even higher. The advantage of Libonomy does not come just from its speed, the fact it’s massively scalable or the extreme security: Libonomy Blockchain is also interlinked with other blockchains. Moreover, developers will be able to create DAPPs and write smart contracts using Libonomy’s interoperability capabilities. This is the first blockchain technology solution in the world that has implemented full compatibility between different blockchains. Thus, developers do not propose to abandon all other decentralized registries, but rather provide their simultaneous existence and interaction within one ecosystem. The same applies to smart contracts that will be executed in different blockchains.

Soon Libonomy will launch the first truly interoperable decentralized exchange. Trading from wallet to wallet, all information stored on the blockchain, absolutely no interactions with the middleman. Moreover, with the launch of Libonomy’s DEX their decentralized trading engine will be shared with the public as well, developers will be able to use their SDK and APIs to create their own DEXs and base them on Libonomy. Libonomy focuses on the current requirements for consensus algorithms and combines the blockchain development process with artificial intelligence. Libonomy developers are working on global interoperability in the world of blockchain technology. According to the developers, all further updates and improvements to the blockchain will occur without hard forks to save information about previous transactions on the network.

Article Produced By
Alex White

Coinstelegram media and fund co-founder.


Heiko Closhen, Entrepreneur

Binance: Probably The Best Exchange

Binance: Probably The Best Exchange


Binance what it is and how it works , here you will see the complete operation of binance a valid portal around the world where to buy and sell countless low-value cryptocurrencies, to wait for the great rise …

Very good to all, today we have to learn to use the binance portal, a page valid for everyone that will allow us to buy and sell different cryptocurrencies , with which we will be able to speculate with its price to earn some money or also use it as our personal wallet for bitcoin and thus exchange our bitcoin for any other cryptocurrency that we think will be more profitable.

Binance is a reputable portal that was born thanks to the emergence of different cryptocurrencies such as IOTA, Ethereum, Ripple, Monero, Bitcoin, Bitcoin Cash, Litecoin, Dash, etc … and a long infinity of different cryptocurrencies that we will be able to buy or sell.

So in today's article we will see:

  • The Main Features of Binance
  • How to Enter Balance in Binance
  • How to Buy other Cryptocurrencies on Binance

Binance What it is and How it Works «Features»


Top 10 position:? # 1 See >> 

Language:   Spanish, English, Chinese, Russian, French, German

Accepted Countries: Everyone.

Referral levels: 1 level

Entry Mode: Bitcoin, Ethereum, Monero, Litecoin, IOTA, Bitcoin Cash, Ripple, Dash and many more

Withdrawal Mode: Bitcoin, Ethereum, Monero, Litecoin, IOTA, Bitcoin Cash, Ripple, Dash and many more

Minimum to request Withdrawal: It depends on the Cryptocurrency that we want to withdraw.

Minimum to enter Balance: It depends on the Cryptocurrency that we want to enter.


  • Serves as a bitcoin or any other cryptocurrency wallet
  • It serves as an Exchange to exchange some currencies for others.

App: Yes for Android (Google Play)

Others: Read the full article and watch the video to understand Binance what it is and how it works in its entirety because it is worth it, understand the portal well.

↓ If you want to register, enter the web  

• You can enter Binance from the banner below or click Here >>

Binance what it is and how it works Tutorial in Spanish


Binance What it is and How it Works «How it works»

As we have commented in previous paragraphs, Binance will serve as a purse to store any cryptocurrency, but it will also allow us to acquire new cryptocurrencies that are coming to the market to take advantage of the good moment that each one of them enjoys and obtain a profitability with the rise of its assets.

1- Enter Balance in Binance

In Binance is and How it Works not going to put money in dollars or euros, binance allows us to enter criptomonedas is your platform, either Bitcoin, ethereum, litecoin, Bitcoin Cash, etc .. . or any of the ones you offer us within your platform.

1.1- How to Enter Balance in Binance

To enter balance in Binance, it is as simple as copying the address of our bitcoin wallet or the currency that we are going to send and put it in the processor or page where we have the bitcoins that we want to send and to take our bitcoin wallet we must do:

  1. We press at the top right next to the language flag, where a half-bodied face appears.
  2. We see that a menu appears, there we must click on the second option , where it says "Estimated Total Value".
  3. Once there, we look for the currency that we want to enter and click on "Deposits".

In this way we get an individual code for each user which will be our wallet, either bitcoin or the currency we want.

I leave you some images so that you can see that Binance provides each of us with addresses for all cryptocurrencies , thus being able to deposit the one that we want at all times.

In the example you can see how I have taken the address of my Bitcoin wallet, that of Ethereum and that of Litecoin, having been able to have the address of dozens of cryptocurrencies.

 Click on the images to see in detail



The code that we can see inside the green circle is the code of our wallet, we must bear in mind that each cryptocurrency generates a different code for us, so if we are going to enter Bitcoin, we must take the bitcoin code but If we are going to enter Ethereum or another cryptocurrency we must take the code that each cryptocurrency generates, therefore, it has given you an example with three different currencies.

1.2- Methods to Enter balance in Binance

Binance, being a valid platform throughout the world , it is very important that we have clear the best possibilities that exist in each country to enter balance , therefore, we will see a detailed summary of the different possibilities that we have:

Valid Worldwide:

  • One of the possibilities that we have to enter a balance within binance, is to use all the pages that we have to Earn Free Bitcoin  and when it comes time to collect from those pages we must enter the bitcoin wallet code that Binance provides us .

Valid in Europe, the United States or Canada:

  • The best option to enter cryptocurrencies for users from Europe, the United States or Canada is  Coinbase, a platform in which we will be able to buy Bitcoin, Ethereum, Litecoin or Bitcoin Cash, by credit card or bank transfer.  (Currently and due to the high rates of Bitcoin it is much better to buy Litecoin or Ethereum on Coinbase to put them into our Binance account).

Valid for Latin America:

  • For Latin America, one of the best options is to use Bitso , which is a market where users get in contact and can buy bitcoin from users in the same country , being able to pay by bank transfer within the same territory with very low commissions, paypal or others. payment processors such as Neteller, Payza, etc. These will depend on the demand in each country, but even a user from Venezuela can stay with a countryman of his and make the sale in cash.
  • Another option is to use the payment processors themselves such as Payza, Neteller, etc … in which you can enter a balance by credit card, PaysafeCard, etc … to subsequently request a withdrawal in Bitcoin towards the wallet that Binance provides you.

Buy Bitcoin with Paypal  (Worldwide) :

  • In addition,  any user from anywhere in the world who has a balance in their PayPal account and wants to buy bitcoin to enter them into their Binance account, can do so with  Virwox ,  in this case when making the purchase of bitcoin they can directly put their Bitcoin wallet of Binance, thus avoiding making more transactions to external wallets.

As you can see, there are countless pages, wallets, etc. with which to buy bitcoin, ethereum or other currencies, which are the main currencies that we have to have and then, within Binance, exchange for those other cryptocurrencies that are very cheap and They can have a very high projection with which to earn money.

In this article, all the methods that the users of DerrotalaCrisis recommend us will be added, yes, before we will check them and see if they really are reliable, as we have done with the previous ones that we have recommended.

↓ If you want to register, enter the web  

• You can enter Binance from the banner below or click Here >>

Binance what it is and how it works Tutorial in Spanish


2- How to Buy Cryptocurrencies in Binance

Once we already have a balance within Binance, be it Bitcoin, Ethereum, Litecoin, Bitcoin Cash or others, we can begin to exchange it for those currencies that , by recommendation, belief in your project or for any other circumstance, we think that they will have a great rise and they will make us earn a lot of money, yes, the currency can also drop in value, that must be kept clear and present when making our investment.

To buy any cryptocurrency what we have to do is the following:

1º- We must go to the Exchange >> Advanced section , which can be found at the top left of our screens.

Binance What it is and How it Works

2º- Once there, we select the currency that we want to buy , as I indicate in the following image:

Binance What it is and How it Works

3º- Once the currency is selected , we go to the bottom of the page and put the amount of currency that we want to buy and click on the green button that says "Buy".

Binance What it is and How it Works

With these three steps, we have already bought the desired currency with our bitcoins, likewise, you can also sell that currency by performing the same operation, but instead of putting the amount in the box that I have marked on the left, we must put it in the box on the right  and hit the pink "Sell" button.


Binance What it is and How it Works «Others»

When you access Binance What it is and How it Works for the first time, it may seem a bit complicated to manage its page, what you must do is create an account and go touching all the options that are available within your virtual office, ( Do not be afraid because nothing happens) , once you get a little familiar, you are going to see how there really is no need to go into more aspects than I have told you:

  • Learn to enter balance as I have said in point number one, taking the code of each of the different Cryptocurrencies that there are.
  • Learn to buy another type of currency with the balance that we have previously entered.

Knowing these two things, you have already learned 90% of the operation of the platform , then you will see how there is a section where all the transactions you make come out, another place where the prices of the coins are seen, etc … but see these options It is really easy when you have already entered your virtual office for a couple of days.


On the other hand, I want to comment that as I have said previously, there are dozens of platforms where you can buy bitcoin, ethereum, litecoin, etc. to enter within Binance , some are safer than others, others charge more or less commissions, but those that you We have indicated in this article, they are platforms studied and tested that are working perfectly , therefore, look to see which one works in your country of residence and compare it with others that you already know to get transactions with the best quality at the lowest price and if they are good, don't forget to let us know !!!


That said and with the video at the top where I explain a little more about all the functions of Binance What it is and How it works  I say goodbye kids , but remember, any questions you have down there are the comments to try to resolve it to the as soon as possible.


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Binance what it is and how it works Tutorial in Spanish


Binance What it is and How it Works

If you have any questions, comment at the bottom of the web, as soon as I read it I will reply.

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Heiko Closhen, Entrepreneur

Bitcoin Futures Forecast BTC 2020 2025 2030

Bitcoin Futures Forecast (BTC) | 2020 | 2025 | 2030


Bitcoin long term presentation

Bitcoin opened 2018 with a high of $ 13,290 and closed the year at around $ 3,800. This represents an overall loss of 72%. In comparison, the Dow opened the year at $ 24,824 and closed at around $ 23,300. This represents an overall loss of 6.2% for traditional investors.
However, 2019 is another story as bitcoin opened it to $ 3,700 but has climbed nearly 60% (to date) and is currently hovering around $ 5,900.

If we are honest, bitcoin is still, for the most part, a favorite toy of experienced and less experienced speculators, but the number of manufacturers is also booming. The surrounding ecosystem and infrastructure is building at a blinding pace as the brand's presence and recognition reach unprecedented heights, especially among the younger generations.

Take a look at some of the best Bitcoin robots that can make you money while you sleep.

The old establishment, mostly made up of old white people, still yells at bitcoin , throws blows, insults and calls for a ban (best proof of their blatant lack of understanding of how bitcoin works ). Fortunately, biology is on the side of bitcoin – the old ruling class and the archaic technologies on which they cling are disappearing, giving way to new ideas and technologies.

Bitcoin already has real estate in the minds of future decision makers and wealth holders and it is only a matter of knowing when, and not of will, bitcoin enters the traditional financial world.

Let's take a look at the fundamental forces that will propel bitcoin up in 2019.

We can divide the fundamental principles into two categories: protocol improvements and the construction of ecosystems / infrastructures.


Protocol improvements

Freelance journalist Ian Edwards has written a great article on bitcoin improvements that you can read   here  . Here is an extract from the most important developments. It should be noted that prolific bitcoin developer Pieter Wuille on May 6 unveiled two Bitcoin Improvement Proposals (BIPs) that offer plans that could prove fundamental for a possible upgrade to the cryptocurrency.

Wuille's first BIP describes a "new type of SegWit version 1 release, with spending rules based on Taproot, Schnorr signatures and Merkle branches".

While the second describes "the semantics of the initial script system under bip-taproot".

Below you will find the most important protocol developments we are working on at the moment, with no specific deadline when they will be implemented.


MAST, short for Merkelized Abstract Syntax Trees, proposes to improve Bitcoin by changing the way smart contracts are written in the blockchain. Indeed, it allows to divide smart contracts into their individual parts. This has several advantages in terms of confidentiality, transaction size and enabling larger smart contracts. There is no set timetable for its implementation.

Schnorr signatures

Schnorr signatures, named after their inventor, Claus-Peter Schnorr, are a proposal to replace Bitcoin's current digital signature algorithm (ECDSA) with a more efficient algorithm. The first way to improve the bitcoin protocol is to allow the aggregation of several transaction signatures into a single signature.

This would reduce the size of transactions in these types of transactions and could reduce the use of Bitcoin network storage and bandwidth  by transactions   by about 25%   Second, Schnorr signatures would increase the confidentiality of multisig transactions by aggregating the signatures in those transactions, thus masking the original signatures.


Bulletins promise to improve Bitcoin's privacy by masking amounts of transactions, while leaving the addresses of the sender and recipient public. They are already implemented on Monero while the implementation of Bitcoin is still pending and according to Wuille “” far too premature to propose their inclusion in Bitcoin . ” 

Confidential transactions

Confidential transactions (CT) would keep the amounts of Bitcoin transactions visible only to participants in the transaction. 

Sidechain projects

The side chains are intended to allow other block chains to connect to the Bitcoin network using a separate piece linked to bitcoin . This means that each side chain is a separate block chain which can have different rules from the main Bitcoin network while staying connected to it. There are currently several sidechain proposals under development: Liquid Network, RSK and Drivechain.

Liquid network

Liquid is a private side chain, so there is some control over who can access it. The advantages of Liquid are that it allows instant transactions, confidentiality (confidential transactions are integrated) and the possibility for users to hold Liquid funds outside of an exchange.


RSK is a side chain that plans to bring smart contract functionality and near-instant payments to the bitcoin network . Like Liquid, it uses a federated system, with depositories that follow the movement of bitcoin between the RSK network and the main Bitcoin network . To do this, it uses a token called SBTC (smart bitcoin ), which is linked to BTC in a 1: 1 ratio.

Kinematic chain

Drivechain plans to allow multiple blockchains to connect to the main Bitcoin network . Like RSK, the Drivechain side chains built can be secured by Bitcoin miners using a mine fusion. Unlike RSK, Drivechain is flexible and developers can create side chains to suit desired specifications, such as larger block sizes or privacy features. 


Mimblewimble is a proposal for a Bitcoin blockchain that claims to offer higher security than the current Bitcoin protocol , improved scalability, another type of cryptographic security and an ASIC-resistant mining algorithm to encourage decentralization of mining.

Lightning Network

Of course, there is the highly controversial Lightning Network project, the long-awaited Layer 2 scaling solution that is raising hopes among bitcoiners and drawing a lot of conflict and detriment from other camps, mainly bitcoin forks like BCH and BSV .
Lightning Network, experienced significant growth last year. The first Lightning implementation developed by Lightning Labs was launched in beta in March 2018. 

In just over a year since it went live on the main network, there are now almost 4,300 nodes with active channels and around 38,000 channels in total. The faster growth of the knot in the past three months could be linked to the release of the Casa Lightning Node, which made running a knot much easier for a regular non-technical user.

It should also be noted that the average number of channels per node has increased steadily over the past year. In addition, node and global network capacity has increased in the past year to reach the current 1,079 BTCs (over $ 6 million) enclosed in nodes and channels.

Ecosystem and infrastructure

Bitmain's big fall

Bitmain, on the other hand, suffered huge losses under the leadership of Jihan Wu and Micree Zhan. They had followed the technological direction of Roger Ver to convert Bitcoin to Bitcoin Cash. In August 2017, Bitcoin Cash successfully issued from Bitcoin and Bitmain had bet big on this range and this technology adding a huge amount of hashing power behind the Bitcoin Cash range . Bitmain had also planned an IPO in early 2018. Bitcoin Cash was again forked, the IPO was refused and, with $ 400 million in losses, Jihan Wu and Micree Zhan are leaving Bitmain.

Institutional money enters Bitcoin

  • Last year, reports have revealed that George Soros and the Rockefeller family began to take positions in the new class of cryptographic assets, according to Bloomberg. The family's $ 26 billion Soros Fund Management was planning to trade digital assets. Venrock, the VC arm of the Rockefeller family, decided to take a different approach by partnering with Coinfund to help entrepreneurs start blockchain businesses. 
  • In late April, Charlie Lee, the creator of litecoin , revealed that he had rep era of trading pairs  Bitcoin and   litecoin  on its portal TD Ameritrade Think or Swim. While some people put this news aside as a joke or a glitch, other users have confirmed that they have also seen " BTC / USD" appear on their accounts on TD Ameritrade. TD Ameritrade has more than 11 million customer accounts with over $ 1 trillion in assets. The American broker already offers Bitcoin futures trading .
  • Circle, Coinbase , BitGo, Goldman Sachs, Citigroup, Morgan Stanley and other large financial institutions have already launched crypto-centric custody solutions or plan to offer short-term crypto custody begin to serve increasing numbers of institutional investors in the coming month.
  • In July, Blackrock – the world's largest exchange traded fund (ETF) – announced that it had launched a task force to assess the investment potential in Bitcoin .
  • Goldman Sachs made progress towards adopting cryptography throughout the year. Thus, in April, cryptocurrency trader Justin Schmidt was hired by the company in response to customer interest in the space.
  • The following month, Rana Yared, an executive with Goldman Sachs, confirmed that the company intended to buy and sell Bitcoin – after concluding that the preeminent cryptocurrency was "not fraud".


Bakkt – which will facilitate bitcoin futures trading for institutional investors – electrified the crypto community in August 2018, when it announced its imminent launch.

Bakkt will guard and discover the prices of bitcoin – which is regulated as a commodity by the CFTC – in a manner designed to be free from market manipulation and fraud. Bakkt was scheduled to be commissioned in January 2019, but the deployment has been postponed several times due to regulatory delays. There is currently no launch date set for the new platform.

Fidelity launches institutional platform for Bitcoin and Ethereum

Fidelity Investments creates an independent company dedicated to the supply of cryptocurrencies to institutional investors.

Called Fidelity Digital Assets, the Boston-based limited liability company will provide enterprise custody solutions, a cryptocurrency trading execution platform and institutional 24-hour, seven-day-a-week advisory services. to align with the permanent blockchain trading cycle.

Fidelity Investments provides financial services for $ 7.2 trillion in client assets and provides clearing, custody and investment services to 13,000 consulting firms and institutional brokers. 

OTC markets

According to cryptocurrency research group Diar, institutional trade in cryptocurrencies on traditional exchanges has declined in volume due to the BTC's hosting in the main outfit portfolios this year. Rather, there has been a shift to OTC trading.

During the hours of OTC market, trading volume BTC increased by 20%, while volumes of Bitcoin Investment Trust (GBTC) Grayscale have decreased by 35% in 2017 compared to 2018 for the same period. It seems that institutional traders are heading towards higher-liquidity physical BTC markets . 

ETF attempts

The approval of a Bitcoin exchange-traded fund (ETF) has been sought by a number of industry players in recent years.

Several crypto companies, such as Gemini and Bitwise, have applied for a crypto ETF, but so far regulators have not approved any. However, the United States Securities and Exchange Commission may change its position. The agency is now more concerned with the fight against fraud on platforms that offer ETFs rather than on the ETFs themselves. We believe the SEC may soon approve a crypto ETF.

Universities dip their toes

In addition to large investors and individual funders, universities like Harvard, Yale and Stanford have all invested in cryptocurrency funds. An undisclosed source revealed that endowments from the respective universities have invested tens of millions of dollars in at least one crypto fund.


It is no secret that one of the obstacles to the entry of institutional investors into the crypto space is the need for an appropriate regulatory framework; hedge funds cannot simply invest their clients' funds in the same free and easy way as a retail investor.

Regulation is not a crypto killer. The regulations will provide the clarity essential to investors, large and small, as well as to the entities issuing the coins themselves. People can start to focus on the best way to leverage these assets to diversify portfolios, transfer money overseas and improve business models, instead of looking over their shoulders for fear of hit the SEC. With increased regulation, increased adoption will follow, particularly among those for whom due diligence is paramount. Financial institutions will be able to confidently offer these investment options to their clients, pension funds can incorporate cryptocurrencies into their long-term holdings – the applications are endless.

Famous contributors

Jack Dorsey is the CEO of Twitter and has shown support for Bitcoin ( BTC ) and the Lightning Network.

Steve Wozniak is known for co-founding Apple, one of the largest companies in the world. Wozniak said Bitcoin would become the global currency.

There is another Bitcoin bull on the market, Peter Thiel. The venture capitalist has already bet on Bitcoin and the possibility of it becoming a safe haven of the gold type. In a conversation with CNBC, he said it would be Bitcoin long and neutral with everything else.

Tim Draper, a recognized venture capitalist, has been involved in the crypto market for a very long time. He invested in Bitcoin when it was traded under $ 1,000 and he also made very optimistic predictions for the future of this digital asset.

Ashton Kutcher has been a staunch defender of Bitcoin and has invested in a sports betting blockchain, UnikoinGold, with billionaire Mark Cuban.

Joe Rogan said he was fascinated by the idea, but that he hadn't given all of his attention to bitcoin , but thought it could really shake up the global economy.

Price action and market changes

Quick historical overview

Here is a brief history of the ups and downs of bitcoin prices , as compiled by colleagues from U.today:

  1. At the start of its journey, Bitcoin was worth less than $ 1.
  2. The first peak was $ 30 in July 2011, followed by a decline to $ 4.
  3. In mid-2013, Bitcoin crossed the price of $ 200 but fell back to $ 120.
  4. An important point was the end of 2013, when the price rose to $ 1,100. However, the next 2 years have been a solid drop for Bitcoin . The background was a $ 240 mark.
  5. The turning point came at the end of 2015, then the stable growth of the coin began. This lasted until the end of 2017, when the price hit an all-time high of $ 20,000.
  6. All of 2018 was marked by a tremendous fall. Any analysis and forecast turned out to be wrong. Bitcoin hit the low of $ 3,200.
  7. In 2019, a new growth cycle began and the price again exceeded $ 5,000.

Since the start of 2019, bitcoin has clearly been the most profitable asset class, as reported by Binance Research.

Market forecast for Bitcoin price:

Everyone and their mother have made a Bitcoin prediction for this year and the years to come. Everyone's opinion shouldn't concern us, but some forecasts have more value than others, so we will choose the most relevant ones below.

Let's take a look at some of these Bitcoin predictions .

John McAfee   Bitcoin Price Prediction – $ 1 million by 2020

John McAfee, the eccentric founder of popular security software and a controversial Bitcoin follower , predicted that Bitcoin will reach $ 1 million by 2020. He has also added his own touch to the set of prediction bets to eat his male parts if he failed. He then relativized his bet.

Willy woo

The founder of Woobull.com predicts a coming bearish momentum in the price of Bitcoin as the second quarter of 2019 approaches. Willy expects the price of Bitcoin to bottom out in the coming months before entering an accumulation period for the rest of the year.

“All of our blockchain indicators remain bearish. NVT, NVTS, MVRV, BNM, NVM. They are experimental but have made very correct calls to date, even when traditional indicators on the stock market indicated the opposite. "- Willy Woo

Mike Novogratz

The billionaire made his predictions on the price of Bitcoin at the end of last year, declaring that the coin could reach highs of $ 10,000 at the end of March (missed on this one) and cross its ATH price of $ 20,000. here the end of the year. The founder of Galaxy Digital believes that the institutional investment of companies like Fidelity and Bakkt will be the key to soaring BTC prices .

Sonny Singh   Bitcoin Price Prediction – $ 15-20,000 through Thanksgiving

Sonny Singh, Bitpay's chief commercial officer commented on the future of Bitcoin calling Bitcoin an "800 pound gorilla, because it has access to the most notable" network effect "of all decentralized networks. He firmly believes that there is a high probability that BTC will reach $ 15,000 to $ 20,000 by Thanksgiving, 2019, explaining that the probability of a crypto ETF and an influx of funds for startups is high.

Sam Doctor from Fundstrat and Tom Lee   Bitcoin Price Prediction

Tom Lee, co-founder and research manager of Fundstrat, believes that the break-even point of extracting 1 BTC is directly linked to the price of cryptocurrency.
Tom Lee said that the BTC fair value is much higher than the current price. The current fair value is between $ 13,800 and $ 14,800, which he says could increase to $ 150,000 per coin as soon as Bitcoin wallets account for seven percent of the 4.5 billion Visa holders.

Doctor Sam, a Fundsrat Lee and analyst have predicted that by 2019, BTC could reach no less than 36 000 $, with a probability of $ 64 000 and a maximum of $ 20 000 at the lowest.


Zhao Dong Bitcoin Price Prediction

Zhao Dong, one of the biggest Bitcoin OTC traders in China and an influencer recently predicted that Bitcoin could reach $ 50,000 by 2021. He reiterated that this is the best time to invest in BTC and said that you could get 100-200% return. more than 3 years if you invest now.

Anthony Pompliano   Bitcoin Price Prediction

In a recent tweet, Anthony Pompliano, founder of Morgan Creek, said that Bitcoin was going nowhere. He said the BTC could go down to $ 3000, after which it will continue to bullish from 2019. He said there was no reason to panic over the price drop because the fundamentals of Bitcoin are getting stronger.

Murad Mahmudov

Murad Mahmudov, host of “On The Record”, estimates that Bitcoin will hit a new record by the end of 2020. A prominent crypto personality and analyst Tone Vays generally agreed in an interview with this statement, adding that there were 40% chance of seeing a new record in 2020. This percentage increases to 45% for 2021.

Fran Strajnar: $ 200,000

Fran Strajnar, CEO of crypto research firm Brave New Coin, expects the price of Bitcoin to reach $ 200,000 by January 1, 2020. In an interview with Inverse in 2018, Strajnar said that “ adoption rates continue to be fairly stable, and adoption rates are highly correlated to price, so therefore, unless for some reason people just stop continuing to adopt Bitcoin  , we should see $ 200,000 by Bitcoin no later than January 1, 2020. “

Wheatley model: $ 2,352.03

According to a Forbes article, the Wheatley model predicts that Bitcoin will trade at a rather bearish amount of $ 2,352.03 in 2020. The article explains that the Wheatley model focuses only on the demand for Bitcoin and also notes that Wheatly and researchers have given a total market capitalization much lower in bitcoin . that the actual ceiling is ($ 20 billion is the figure used in their estimation model). The slow growth in demand for Bitcoin explains why its price forecast for 2020 is so low.

Hayes model: $ 55,931.60

The Hayes model, on the other hand, predicts a much higher trading price for the BTC in 2020. Indeed, although the Wheatley model focuses on Bitcoin demand , the Hayes model focuses on its supply. Bitcoin's supply is expected to slow as it approaches its supply ceiling, which should push up prices.


The current sentiment in the Bitcoin community is positive and technical improvements as well as overall ecosystem growth herald a bright future in the future. Technical indicators signal a bullish race ahead and with more people understanding the unique features and benefits of bitcoin compared to the traditional system. Although past performance is not a good indicator of the future price, the fundamentals underlying Bitcoin may well see it soar in the near future to 20,000 USD crossing its record price.

Heiko Closhen, Entrepreneur

Wangiri Fraud Can be Controlled Through Blockchain Technology

Wangiri Fraud Can be Controlled Through Blockchain Technology

The Wangiri fraud, or the popularly known one ring scam, is still the talk of the town.

The telecom operators are still extremely concerned about scams. Based on the fraudulent analysis by CFCA 2019, it is calculated that Wangiri comes under the top 5 methods of fraud. According to the CFCA reports, Wangiri fraud caused a global loss of approximately USD 1.82 billion. Along with this, the Wangiri fraud has adverse effects on the customer experience as it shockingly increases the bill amounts.

The telecom operators regularly update their fraud management systems to keep themselves aware of the blacklists from the industry that eventually helps them to overcome this fraud. In this case, the data is not immediately updated. The telecom operators always receive the list at the end after a certain range of numbers are added as blacklisted or fraud.

The telecom operators are working on the fraud management systems so that they can have real-time access to the information on hotlists and the addresses related to this to avoid the loss in the revenue. Subex, a leading telecom analytics solution provider, has recently collaborated with the Risk and Assurance Group (RAG) that will be providing blockchain-based fraudulent management solutions to its customers. Subex is now an integral part of the RAG Wangiri Blockchain Consortium, which aims to use Blockchain Technology to collect information regarding threats and in the industry in real-time. The association comprised of some of the world’s renowned Communication Service Providers (CSP) from all over the world. The collaboration aims to provide their customers with a decentralized and cryptographically secured blockchain ledger information.

Article Produced By
Ruchi Brahmbhatt

Ruchi is an Independent Artist and a Graduate in English Literature with substantial experience as an IELTS coach. Being young and energetic, emerging technologies attract her to the core- blockchain and crypto being the most recent ones. She has also been a regular contributor of news pieces and insightful articles related to these innovative arenas. Ruchi’s other interests include human rights, art and architecture, technology, health, and social networking.


Heiko Closhen, Entrepreneur

Can Blockchain Technology Strengthen The Mobile Application Industry?

Can Blockchain Technology Strengthen The Mobile Application Industry?

Passing a day without our mobile phones is the worst nightmare which can cause our hearts to run for a beat.

Telecommunication devices have come a long way ever since the discovery of the first telephone designed by Alexander Graham Bell. The modern-day mobile phones are handy, attractive, and highly work efficient. Studded with an array of robust tools and services, mobile phones help us to streamline our work in the best possible way. Growth in the popularity of mobile phones led to the evolvement of a new technological sector of Mobile Applications.

Today, technological firms are putting in their best resources to curate mobile applications that have the potential to ease out the burden of the user. One can find an application for the management of important activities like banking, shopping, dining, education, traveling, learning, and gaming to trivial activities like keeping a track record of drinking water, footsteps, etc. As technology expanded its roots, the mobile application industry flourished manifold times. The infusion of blockchain technology to support mobile applications is the most popular advancement of the current times. This article will explore the advantages of using blockchain-powered mobile applications and how decentralization can be the next big change for your business. Have a look:

How Blockchain Enhances Mobile App Security?

Highest security standards

With blockchain comes the assurance of security, transparency, and immutability. The three pillars of blockchain technology strengthen the core ecosystem of the business entities they are employed to. Data is recorded or encrypted using cryptography in the chain of blocks. Each block has a timestamp of the other blocks, which restrains the loss of data in the network. All the participating nodes have complete access to the data, and so alterations or deletions cannot go unaddressed in a blockchain system. Blockchain is playing a significant role in the field of Domain Name System or DNS. The technology provides full control over the domain records making it difficult for an intruder to tamper the entries.

Better transparency

Presently, one needs to download mobile applications from Apple’s app store or from the Google Play store. These platforms approve the apps for sale, and this is rather unfair on the part of the customer’s sovereignty as all the decisions are taken without proper clarification or transparency. However, with blockchain technology comes transparency. The pedagogy is simple, and whatever happens on the decentralized ledger is visible to all the participating nodes or users. Thus, ensuring clarity for the customers in all forms.

Safe payments

Multiple mobile applications require charge or fee in lieu of their services. The customers need to pay from credit or debit cards, internet banking, or e-money. Sharing of passwords or codes can put your funds at risk. Blockchain uses digital wallets that are present within the platform. Thus, the user does not have to worry about fraud or cyberattacks. Also, the users will be allowed to pay using the app coins, which are stored in the digital wallets.

Ease of operation

One can run a blockchain-backed mobile application on any mobile phone. A user need not spend hefty amounts to buy blockchain smartphones such as HTC Exodus 1 and Finney from Sirin Labs.

Enhanced Advertising Tactics

Blockchain technology can help in popularizing the application through innovative advertising modules. As it is comparatively new, the developer can take the early bird advantage as more people will prefer to explore a new concept. Through digital rewards and wallets, one can make their mobile application more attractive in comparison to competitors.

Better infrastructure

The decentralized infrastructure of a blockchain-supported mobile application will be infused with a systematic interface for speedy and secured operations. The users can enjoy streamlined processes and efficient services.


Blockchain is the future of financial and industrial domains. The exciting chain of advantages offered by the decentralized ledger system is evident to one and all. By bringing together blockchain technology and mobile applications, we can lay the foundation of a revolutionary product that has all the useful characteristics one can think of. The opportunities are vast for blockchain, and we can expect a lot from it in the coming years. So, pull up your socks and see the advent of blockchain technology in the mobile apps arena.

Article Produced By
Scott Cook

Scott Cook got into crypto world since 2010. He has worked as a news writer for three years in some of the foremost publications. He recently joined our team as a crypto news writer. He regularly contributes latest happenings of crypto industry. In addition to that, he is very good at technical analysis.


Heiko Closhen, Entrepreneur