Thursday 17 September 2020

How Investment Trends have changed over the last few decades?

 The year 2020 has marked the start of a new decade for financial and investment sector in a big way. It has shaped up to be an interesting year for markets, with several new investment themes and trends emerging. Though 2019 has seen a major transformation for blockchain and cryptocurrencies, 2020 can be really a game changer for the coming years ahead. It continues to open a wide market of investors to the digital economy and making it big in global revolution for this paradigm shift. Financial markets and investment have undergone profound changes over the past 40 years, and investors who moved with the times and embraced those developments have been able to make their space into the beneficial zone of this market.




Many traders willingly opt to trade in the same direction as the trend, attempting to earn profit from a continuation of the same predicted trend.

Price action, trend lines, and technical indicators are some of the crucial tools that can help identify the trend and warn when it is not reaching the desired profit levels. However, the market as a whole has become more efficient over the period because of the expansion of professional asset management.

The capacity of making returns from investing in virtual currencies is usually compared to traditional investments, and although are slightly lower depending on the benchmark, goal-oriented investors are aware of the importance of the change in the overview of the importance of digital assets for the greater benefit for society.

The blockchain is continuing to gain in popularity despite the ups and downs of the Cryptocurrency.

Artificial Intelligence is most likely be the biggest trend in the tech world since the internet. The key in present is to take action! Investor have gained much more awareness about what is happening in the finance market and hence tend to create a crypto Investing team or seek advices to make all the difference at scale.

Cryptocurrency investing has gained traction among a wide range of investors, including all spheres of financial world. Crypto Investing is here to stay and to grow exponentially over the next decade and beyond. It is simple, our economic future depends on it and people are understanding this at last.

What are the advantages and disadvantages of blockchain? How will it shape our future?

blockchain originally is a growing list of records, called blocks, that are linked using cryptography. Each block contains a cryptographic hash of the previous block, a timestamp, and transaction data. Blockchain was introduced by Satoshi Nakamoto in the year 2008 and was implemented in the year 2009 to serve as a cryptocurrency named Bitcoin.


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Blockchain is performed from peer to peer globally where there is no third party required to validate the transaction process. The two parties involved do not need a third party as they have trust. The blocks are created one after the other in the chain, hence it is a completely transparent and secure process and the transactions cannot be erased form the blockchain or be re-written once it is done.

Blockchains are important because they allow for new efficiency and reliability in the exchange of valuable and private information that once required a third party to facilitate, such as the movement of money and the authenticity of identity.

Advantages of Blockchain technology

Immutability and Transparency — Each block is visible to every member of the network, ensuring trust between parties. As one block is linked to another block in a transaction process across the distributed ledger, it is not possible to delete or overwrite the process.

Consensus — the parties in the blockchain agree to the process and then approve on the transactions, therefore it makes the transactions legitimate and then added to the blockchain.

Process integrity — The process is built in a way that it operates between two parties where there is no need for the third party to validate the transactions. Hence, once transactions are done the block created after another in a chain cannot be undone to maintain high levels of security.

Security — Blockchain is highly secure as every individual who enters a blockchain is provided with a unique identifier linked to its account and it is highly encrypted. This ensures that the owner of the account himself is doing the transactions.

Faster processing — Blockchain is cloud-based and supports digital currency like cryptocurrency. Currency can be transferred from one side to another within a few seconds, unlike the way it takes to transfer the fiat currency.

Lower transaction costs — Apart from faster transactions, it also offers a lower transactional cost. As there are no middle parties involved, there are no hidden costs for making a transaction except a small fee is paid at the exchanges.

Disadvantages of Blockchain technology

Large energy consumption — With the new technology and faster transactions, blockchain requires high consumption of power as it performs the mining process. Keeping a real-time ledger is one of the reasons for this huge energy consumption.

Maintenance cost — Maintaining the hardware to run such a high level of transactions and perform such complex processes requires huge costs for its operations.

Volatility — Many cryptocurrencies work on decentralized blockchains which makes it volatile to the market. The prices for these cryptocurrencies may fluctuate anywhere between 5 to 25% in a single day also.

Transaction Delays — One of the drawbacks of the major blockchains that have been created so far is that they usually take a fairly long time — typically a few hours to register the transactions also sometimes.

Doesn’t Guarantee full transparency — Moving data to a blockchain can be one way to help make your software project or company more transparent. But it doesn’t suddenly make everything about “open.” You could have a closed-source application that stores data on a blockchain, for example. In that case, no one except you would know exactly how your software operates, even though its data lives on a blockchain.

Apart from discussing its advantages and disadvantages, blockchain can widely affect in various ways to shape our lives for a better future. We can understand this based on certain use cases such as:

Decision making
Blockchain can help our businesses and government in shaping many policies and their implementation due to its transparency and immutability. It can further increase the trust between parties, reducing corruption, and supporting the bureaucracy.

Healthcare
It can help the medical service providers to benefit from its smart contract feature and streamline one of the most difficult works of aligning and preparing huge contracts for various parties without any mistakes and in a secure way. Along with that, it can help procure the medical records data in a certain timeframe and timestamp making its further use for any further medical research, potentially curing diseases or providing insights for planning effective treatment.

Identity
Impersonation and identity theft have been a common mishap but with blockchain, one can store and secure their data and biometrics on blockchain and it can never be defrauded.

Similarly, blockchain has many other uses and positive effects in shaping our life for a better future.

Is it necessary to have a computer background to learn blockchain?

 

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Blockchain technology is being called the future of technology and there are many job opportunities coming up in this field of technology. Blockchain developers are really getting in demand nowadays, and to become one, you need to have a set of technical skills as a prerequisite.

One should have knowledge and understanding of IT as well as logical reasoning to be able to understand this complex technology. And you require certain skill sets to be able to understand and get you expertise.

Following are the essentials you need to understand:
1. Distributed systems and Networking.
Blockchain is a distributed ledger that works across the network, and an individual should know how the network and distributed system works. A good understanding of how peer to peer networks work is a must.

2. Cryptography
Hash functions and digital signatures are created by using the public-key cryptography in the Bitcoin blockchain. A good background in mathematics skills can also help in the field of Blockchain for a developer. Block Ciphers, Message Integrity, and Authenticated Encryption are few concepts that one should have a clear understanding. Payments are secured on e-commerce sites by Hash Function. A developer in Blockchain should have security skills like elliptic curve digital signatures, Merkle proofs, cryptographic hashing, private key, and public-key cryptography and many more. Frameworks in security are getting evolved for regulatory needs, legal needs, and compliance needs.

3. Data Structures
A blockchain developer should know how Data Structures work such as linked lists, graphs, hash maps, search trees and many more. Knowledge of programming languages like C++, C-Sharp, C, Scala, Java, Python is also required.


There are various online portals offering good courses in blockchain. One can start with the beginner’s program and gradually improve the skill set and knowledge upgrading to other programs. These courses and programs are not only written for the newbie or basic knowledge but also teach basic, intermediate and advanced level of skills.
There are many tutorials and blockchain experts who have their blogs as well as tutorials to help you understand how to begin your career in blockchain. You can also get enrolled for blockchain related courses online and get your learning started.

However, blockchain offers a variety of portfolios to choose from. You can choose between these following:
Blockchain Business Executive
Blockchain Consultant
Blockchain Developer
Blockchain Administrator
Blockchain Architect



Monday 14 September 2020

Countries Adopting Cryptos : JD Coin

                  
Cryptocurrencies have gained momentum over the past few years and witnessing growth in its number & prices and most importantly, global adaptation. Cryptocurrency is just not the means of wealth preservation, but it is also used as an investment tool as well as an easier way of sending payments digitally. More & more countries are becoming more open to the idea of digital currency and its benefits, creating better regulations for crypto-assets and their functioning as both an asset and utility. The benefits of the crypto world are truly seen by the masses now and are willing to take the risk of adoption, thus, creating an environment of growth for virtual asset trading seeing its multiple real-life uses that can help the everyday lives of people around the world.
Major countries advocate blockchain/Cryptocurrency adoption due to several reasons like high inflation rates, an infamous corruption, and failing banking systems. These are driving citizens towards the cryptocurrency world gradually.
One of the major reasons is the help that it provides to cut down on tax evasion and frauds, which are very prevalent in the economic markets today. The use of Cryptocurrencies makes it easier for individuals to keep a safety on their identity, while they can still conduct all transactions. Another reason why major countries have started to adopt the use of Cryptocurrencies is that they are seen as more secure than fiat money. Since there is no physical asset, like gold or silver, that is protected, it is not as susceptible to corruption and frauds like traditional currencies. Also, unlike gold and silver, there are no worries about inflation as well. There is also no need for a central bank or any form of central authority to monitor the value of the digital coins. All of these things make the use of Cryptocurrencies more appealing to most countries.
Countries adopting digital currency have high hopes that the crypto assets will be very useful to them and that they will want to continue the use of it for the benefit of its masses. By being able to look at the transaction records transparently, the countries are able to gauge their success rates in the markets and plan further economic strategies. Let’s learn about the top 5 countries that lead the way in Cryptocurrency adoption:
Brazil:
It is the fifth-largest country in the world and one of the richest in Latin America and citizens in Brazil have a high interest in crypto, due to which it is becoming a huge hub for crypto gradually. Brazil accounts for some top highest of the world’s Cryptocurrency adoption.
Malta:
Without mentioning Malta, discussion on crypto-friendly countries is incomplete. The three Cryptocurrency and blockchain bills passed by the Maltese parliament enhances investors’ vision by providing a clear description of the required legal framework to set up a legitimate Cryptocurrency business. The country also regularly conducts Malta Blockchain Summit which attracts many crypto businesses to set up their offices in the country.
Argentina:
Cryptocurrency is very popular across this country, even some public means of transportation allows payment in Cryptocurrency. Argentina permits mining Bitcoin and other cryptocurrencies. Although Bitcoin in Argentina is not considered a legal currency, as it is not issued by the Central Bank, there are no restrictions toward it and is considered to be good under the Argentine Civil Code, and its transactions are governed by the rules of the Civil Code.
Switzerland:
It is one of the first countries to have shown a positive attitude toward Bitcoin and with decent regulations, support for investments, ICOs, and developments. Recently, two Zurich-based banks- Maerki Baumann Bank & Incore Bank were approved to offer a range of Cryptocurrency services, including trading and custody by Switzerland’s financial regulator, FINMA. A government-owned commercial bank in Switzerland, Basler Kantonal Bank, or BKB, plans to launch Cryptocurrency services in response to an increased demand for crypto services in the country.
Colombia:
Crypto adoption in Colombia is outstanding. The country is home to over a million Venezuelan refugees and this Factor contributes to massive crypto adoption as a huge amount of citizens are still unbanked. The Columbian citizens use crypto assets to run businesses as well as means of investment. Cryptocurrencies open up foreign investment in Colombian companies and there is a huge demand for Bitcoin in Colombia.
  • The pioneering actions of some countries will pave the way for the other countries to embrace Cryptocurrency that will lead to crypto mass adoption.

    

Friday 4 September 2020

Cryptocurrency knows no bounds, supports gender equality

Blockchain has the ability to make the world fairer, associated and more open. The most fascinating thing about Cryptocurrencies is that they couldn't care less about your identity and the openness is a major piece of what makes this innovation such an achievement. There's no watchman. It can cultivate more prominent money related consideration, open monetary support and democratize budgetary administrations in a remarkable manner for all the women around the globe. The utilization of blockchain like Cryptocurrency enables women to take an interest and advantage from the blockchain.




Cryptocurrency transactions are processed and recorded by peer-to-peer networks—not any one individual, bank. Without any bias based on gender, country, population and other factors, a group of total strangers work together to secure a global digital currency and payment system without any intervention of an authority which is technologically astounding.

Frequently questions are asked what should be possible to get more females associated with blockchain innovation and reverse what is yet another massive gender divide.

Cryptocurrency and blockchain tech are predicted to play a vital role in the future of our economy. Now is the time for women to influence that future by applying their creativity and innovation to crypto industry growth. It's time to level the playing field.

But this is very unfortunate fact that the level of women put and engaged with Cryptocurrency is far lower than that of men. As indicated by The Cointelegraph, just 1.76% of the Bitcoin people group are ladies. This could be affirmed by various overviews and examination considers. In any case, presently there is a push to get more women associated with blockchain innovation and Cryptocurrency. Activities like Mogul's "Ladies in Crypto" occasions and associations like the Women in Blockchain Foundation have been putting forth an attempt to get more ladies engaged with the blockchain and crypto space.


It’s a known fact that women have significant power as consumers, and are quickly outpacing men as entrepreneurs. Opportunities exist for women to earn more income and impact the global economy through Cryptocurrency exchanging, ventures, and virtual spending. Educated female business visionaries are additionally looking to ICOs to support their new businesses as opposed to depending entirely on funding speculations.


As the Cryptocurrency and Blockchain is evolving and is a promising technology, the involvement of women during the evolution of it is critical. Women out there with businesses should be encouraged more to start accepting Cryptocurrency as a payment option.


Ninety percent of economies still have laws on the books that impede women’s economic opportunities, Blockchain can’t change the law, nor can it alter social norms. But it can serve as a transformative tool for boosting women’s economic opportunities in places where they have rights.

It is certain that blockchain will unlock all the ways of financial inclusion and empower economic participation for women around the world.

At a recent event “Women in Crypto”, Kelsey Cole, co-founder of blockchain digital advertising company Adbank, shared very interesting insights on how women can be more involved in the Cryptocurrency world.

1. Set up a wallet and write down its private key, as a position in crypto usually requires acquaintance with some form of Cryptocurrency wallet.

2. Participate in the community, activity that increases knowledge and reputation, which is invaluable to career progression.

3. Do research on the technology and the market, because due diligence is crucial to success, from both a career and investment perspective.

Women are highly encouraged to be a crucial part of the Crypto world and a handful of talented females are already impacting the Cryptocurrency and blockchain technology sector. We already see women educating themselves by talking to market influencers, attending various meetups online, or via podcasts. They are getting more and more involved now by experimenting with cryptocurrencies.

Women are influencing the prediction of Cryptocurrency and blockchain tech for the better future of our economy by applying their creativity and innovation to industry growth. The list of Blockchain startups with women leaders is also increasing.