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WHAT IS CRYPTOCURRENCY?

A cryptocurrency is a medium of exchange like normal currencies such as USD, but designed for the purpose of exchanging digital information through a process made possible by certain principles of cryptography. Cryptography is used to secure the transactions and to control the creation of new coins. The first cryptocurrency to be created was Bitcoin back in 2009. Today there are hundreds of other cryptocurrencies, often referred to as Altcoins.

Put another way, cryptocurrency is electricity converted into lines of code with monetary value. In the simplest of forms, cryptocurrency is digital currency.

Unlike centralized banking, like the Federal Reserve System, where governments control the value of a currency like USD through the process of printing fiat money, government has no control over cryptocurrencies as they are fully decentralized.

Most cryptocurrencies are designed to decrease in production over time like Bitcoin, which creates a market cap on them. That’s different from fiat currencies where financial institutions can always create more, hence inflation. Bitcoin will never have more than 21 million coins in circulation. The technical system on which all cryptocurrencies are based on was created by Satoshi Nakamoto.

While hundreds of different cryptocurrency specifications exist, most are derived from one of two protocols; Proof-of-work or Proof-of-stake. All cryptocurrencies are maintained by a community of cryptocurrency miners who are members of the general public that have set up their computers or ASIC machines to participate in the validation and processing of transactions.

HISTORY OF CRYPTOCURRENCY

The first cryptocurrency was Bitcoin. Bitcoin was created in 2009 by a pseudonymous developer named Satoshi Nakamoto. Bitcoin uses SHA-256, which is a set of cryptographic hash functions designed by the U.S National Security Agency. Bitcoin is a cryptocurrency that is based on the proof-of-work system.

In April 2011, Namecoin, the first altcoin, was created to form a decentralized DNS to make internet censorship more difficult. In October 2011, Litecoin was released and became the first successful cryptocurrency to use scrypt as its hash function rather than SHA-256. This gave the general public the ability to mine for litecoins without the purchase of specific hardware such as the ASIC machines used to mine Bitcoin.

Litecoin began receiving media attention in late 2013 – reaching a market cap of $1 billion. Ripplecoin, created in 2011, was built on the same protocol as Bitcoin but services as a payment system – think of it like a Paypal for cryptocurrencies that supports any fiat currency, cryptocurrency, commodity or even frequent flier miles.

Cryptocurrencies & Market Capitalization

Bitcoin is the largest cryptocurrency in both market capitalization, volume, acceptance and notoriety, but it’s not the most valuable coin. NEMstake, while only having a market cap of $1,116,720, trades at $1,117 a coin. Looking at the market cap, Litecoin takes second place after Bitcoin with Ripple close behind.

One coin that you are more than likely familiar with is Dogecoin. Dogecoin ranks, on average, thirds in trading volume, but has a relatively low market cap – ranking number six in the largest cryptocurrency.


HASHWHAT IS A CRYPTOCURRENCY HASH?


Cryptocurrency mining power is rated on a scale of hashes per seconds. A rig with a computing power of 1kH/s is mining at a rate of 1,000 hashes a second, 1MH/s is a million hashes per second and a GH/s is one billion hashes per second. Every time a miner successfully solves a block, a new hash is created. A hash algorithm turns this large amount of data into a fixed-length hash. Like a code if you know the algorithm you can solve a hash and get the original data out, but to the ordinary eye it’s just a bunch of numbers crammed together and remains practically impossible to get the original data out of.


SHA VS. SCRYPT


While Bitcoin and a several other coins are mined using SHA-256, Litecoin and many other coins, use Scrypt. This are the two major hashing functions, but several different kinds exists and are used by other cryptpcurrencies such as scrypt-N and x11. The different hashing functions were adopted to answer concerns with the SHA-256. Before, individuals were able to mine Bitcoin with their GPU’s, which require a large amount of energy. But as Bitcoin grew in popularity, ASIC SHA-256 machine were built which made GPU mining obsolete.

To give you an idea of just how powerful these machines are, a mining rig running 4 GPU’s would get a hash rate of around 3.4 MH/s and consume 3600kW/h while an ASIC machine can mine 6 TH/s and consume 2200kW/h. This effectively killed GPU mining and left many individuals worried about the security of the network. With less individuals being able to profitably mine from their home computer, the network become less decentralized. Scrypt mining was implemented with the promise of being ASIC resistant due to the memory problem it introduced.

Scrypt hashes require lots of memory, which GPU’s are already designed to handle and ASIC machines were not. However, Scrypt mining require a lot of energy and eventually scrypt-ASIC machines were designed to address this problem. At this point Litecoin considered changing their proof-of-work function to avoid ASIC mining. Scrypt also taut that their proof-of-work is much more energy efficient than SHA-256. Bitcoin blocks are solved at a rate of 1 per 10 minutes while Litecoin blocks are solver at a rate of 1 per 2.5 minutes.


SECURITY CRYPTOCYRRENCY


The security of cryptocurrencies is two part. The first part comes from the difficulty in finding hash set intersections, a task done by miners. The second and more likely of the two cases is a “51%” attack“. In this scenario, a miner who has the mining power of more than 51% of the network, can take control of the global blockchain ledger and generate an alternative block-chain. Even at this point the attacker is limited to what he can do. The attacker could reverse his own transactions or block other transactions.

Cryptocurrencies are also less susceptible to seizure by law enforcement or having transaction holds placed on them from acquirers such as Paypal. All cryptocurrencies are pseudo-anonymous, and some coins have added features to create true anonymity.

CRYPTOCURRENCY LEGALITY & TAXES

Taxation

While cryptocurrencies are legal in most countries, Iceland and Vietnam being an exception – Iceland mainly due to their freeze on foreign exchange, they are not free from regulations and restrictions. China has banned financial institutions from handling bitcoins and Russia, while saying cryptocurrency is legal, has made it illegal to purchase goods with any currency other than Russian rubles.

In the U.S., the IRS has ruled that Bitcoin is to be treated as property for tax purposes, making Bitcoin subject to capital gains tax. The Financial Crimes Enforcement Network (FinCEN) has issued guidelines for cryptocurrencies. The issued guidelines contain an important caveat for Bitcoin miners: it warns that anyone creating bitcoins and exchanging them for fiat currency are not necessarily beyond the reach of the law. It states:

“A person that creates units of convertible virtual currency and sells those units to another person for real currency or its equivalent is engaged in transmission to another location and is a money transmitter.”
Miners seem to fall into this category, which could theoretically make them liable for MTB classification. This is a bone of contention for bitcoin miners, who have asked for clarification. This issue has not been publicly addressed in a court of law to date.

Cryptocurrency Services

There are a host of services offering information and monitoring of cryptocurrencies. CoinMarketcap is an excellent way check on the market cap, price, available supply and volume of crypto currencies. Reddit is a great way to stay in touch with the community and follow trends and CryptoCoinCharts is full of information ranging from a list of crytocoins, exchanges, information on arbitrage opportunities and more. Our very own site offers a list of crypto currencies and their change in value in the last 24hrs, week or month.

Liteshack allows visitors to view the network hash rate of many different coins across six different hashing algorithms. They even provided a graph of the networks hash rate so you can detect trends or signs that the general public is either gaining or losing interest in a particular coin.

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A hand website for miner is CoinWarz. This site can help miners determine which coin is most profitable to mine given their hash rate, power consumption, and the going rate of the coins when sold for bitcoins. You can even view each coins current and past difficulty.

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What are the benefits dogecoin compared with other currencies especially Bitcoin


Dogecoin has many benefits compared to bitcoin, one of the main features that the dogecoin, and was one of the main reasons for its creation is the transfer rate in bitcoin transfer between currencies can be time consuming, but is litecoin much faster up to 10 times faster transference between dogecoin compared to transactions with bitcoins.


The other most important feature that takes the dogecoin hand, is that because it is based on the code litecoin known for its safety, speed and reliability, makes the dogecoin have these same advantages, and when these are mine they can complement and enhance transaction security.


Investing in solar energy for home, Work?


Now is the time to invest in new alternative energies that we know, investing in solar energy is one of the best ways we can use not only to feed our needs and quench our thirst for power, as we are in days that nearly 99% of what we do every day we need to give electricity use, apart from that using alternative energy such as solar, helping to protect the environment of CO2 emissions produced by fossil fuels and used since ancient times.


To feed solar homes just enough to get solar panels which run on various photovoltaic systems, which are designed to convert the sun's energy into electricity, in many cases the installation of these panels is not of major complications, and we can do it ourselves, but for safety and for large projects, it is essential to hire a connoisseur of electronic item, and not get to have future problems save a few cents at the time of installation.


Dharma same we see different alternative methods to the known energy sources we have, so we can look the way which is most profitable for us, it helps us feel good about yourself, and get the best investment at the end of the day, look for options man has always been something that changes, we've been several years in the same, it's time to step forward and look at other options that not only help us save if not to save the planet.


Financial leverage, a risk that any company should have


Financial leverage is called at the time in which a company depends more on the debts you have, that of all the benefits of it, this is one of the worst risks that can lead to a company to an end however well positioned this, this happens when a company borrows so much to follow up that no longer knows for sure how many or persons or entities owe them money.


When a company sees that he is in a total deficit, you can use financial leverage to stay afloat and achieve lift the company again, but not in all cases it works, where the leverage is carried out and that method works, it is because it has been done to improve the defects that had the company either to buy raw materials needed for daily use in the business, new machinery, payment of wages, or more debt that no longer gave even a day wait.


That is DogeCoin


The dogecoin known as Doge or DUX, is a crypto currency was launched with the primary mission of fighting some defects bitcoin known, this coin the dogecoin is based on the code with which the litecoin (another popular digital currency is created and high growth), dogecoin was created by an independent developer Jackson Palmer and in recent months since birth has had a remarkable growth.

Thanks to catching people, and especially the dispersion thereof has been given by different social networks and online channels also note that the dogecoin born as a mockery of the bitcoin, but growth has been so much that this has already been in oblivion, one of the main places where growth dogecoin began was known Reddit social network where users began to share about dogecoin and ah show their virtues and ways of use.


When the developer Jackson Palmer think the currency rose to limit a total of 100 billion dogecoins, ie this would be the maximum amount of coins that can be mined from dogecoin, this issue is beyond any other crypto currency has so many units mining, also this with the passing months change drastically.

With the great reception that took the currency was decided that this will have no limit to undermine, that is the number of coins to undermine it is infinite, never stop its production, and this makes it very appealing compared to other currencies if crypto have limits as bitcoin mining.


It remains profitable to invest in oil


Currently remains one of the best and most popular ways to invest our money and get dividends in a very short time, the volatility of oil prices and the need of people for this commodity make its price is higher every day and see benefits in our short-term investments.


What are the main features I benefits have to invest in oil


First there is demand, there are always people who want to buy oil so this will not be a complication.
Second, oil remains the primary source of energy worldwide, all people anywhere in the world and not realize oil use and need for daily living.


Third is invested in oil, but oil as many other elements are derived not only be investing in a sector if not many.
Fourth, the price speculation that raise the price of the same day and helps us generate great economic dividends.


What is Dogerendaextra:


Dogerendaextra is a faucet in which we differ from the others, we encourage the use of the bitcoin as a currency of the future, we are convinced that the monetary worldwide as the main focus, the future will be the Internet, business, small , medium, and large companies are already betting on direct your attention and your online business, it helps to make the bitcoin currency is perfect for any type of transaction, and it is best that it is safe and fast, also not governed by the laws of the government, the bitcoin is the future, is freedom, is to do all the simple things in faucets, we are proud that we encourage users to see the future differently, they see the new world, the new way of life today.

BITCOIN MINING

Sending and Receiving Money With Bitcoin Mining

The Bitcoin Mining framework is one of the first sorts of crypto-cash which has existed in the business sector since January 2009. What makes bitcoin different from general monetary forms is the way that bitcoin utilizes cryptography to screen and control the creation and exchange of the money between different gatherings.

Bitcoins are created after some time at a lessening rate, and the greatest measure of Bitcoin Mining in the business sector at one time is 21 million units. The utilization of bitcoin wipes out the need of an outsider with regards to finishing online exchanges.What makes Bitcoin Mining different from other online coin frameworks like Paypal is that the cash is decentralized.

This implies no gathering or association has a control over it. This is not at all like genuine cash that is checked by focal powers. Genuine cash is controlled regarding the printing and dissemination of coins and notes to people in general. What's more, contrasted with other online installment frameworks, there are little to zero charges to exchange bitcoins.

Utilizing bitcoins will be particularly helpful for organizations which complete a greater part of its exchanges on the web.To begin utilizing Bitcoin Mining, everything you need is a bitcoin wallet. Since Bitcoin Mining is a virtual cash, you can't hold it physically, unless you trade it for products and administrations.

Your e-wallet is the place your bitcoins are kept secure. E-wallets are advantageous and simple to utilize. You can discover numerous bitcoin wallet suppliers like My Wallet from blockchain.info. Your bitcoin wallet can likewise be gotten to by means of your cell phone. Having a cell phone will empower you to offer and purchase bitcoins wherever you are.

Apple pieces bitcoin wallets from its App Store. Be that as it may, if you are an Android client, numerous versatile applications are accessible for you to execute utilizing bitcoins. Also, if you feel that your bitcoin wallet is dangerous, you will need to have desktop customers to store real bitcoins onto your portable PC or PC.

When you begin a wallet, recollect to spare the record on the PC and go down the document. Make various reinforcements if you feel shaky. Using Bitcoin Mining give clients a feeling of security, as they are not depending on different gatherings like banks to deal with their assets. Most clients will like to utilize the first programming which has been around since the initiation of bitcoins - the Satoshi Client.


In the wake of making your wallet, you are en route to offering and purchasing bitcoins. There are numerous ways that you can get this online coin. The techniques incorporate purchasing it from different venders, accepting it as item sales, doing activities and mining so as to satisfy conditions to get free bitcoins furthermore bitcoins - just for cutting edge clients.

Bitcoin is a developing coin and will most unquestionably be one of the top things in the online world sooner rather than later. For more data about bitcoins and bitcoin wallet, don't hesitate to look the Internet for more data. With the utilization of Bitcoin Mining, you will have the capacity to acquire additional wage and you will have an extra approach to get and make virtual installments.

WHAT AM I DOING WHEN I TRADE FOREX?

Forex is a commonly used abbreviation for "foreign exchange," and it is typically used to describe trading in the foreign exchange market by investors and speculators. For example, imagine a situation where the U.S. dollar is expected to weaken in value relative to the euro. A forex trader in this situation will sell dollars and buy euros. If the euro strengthens, the purchasing power to buy dollars has now increased.

The trader can now buy back more dollars than they had to begin with, making a profit. This is similar to stock trading. A stock trader will buy a stock if they think its price will rise in the future and sell a stock if they think its price will fall in the future. Similarly, a forex trader will buy a currency pair if they expect its exchange rate will rise in the future and sell a currency pair if they expect its exchange rate will fall in the future.

WHAT IS AN EXCHANGE RATE?

The foreign exchange market is a global decentralized marketplace that determines the relative values of different currencies. Unlike other markets, there is no centralized depository or exchange where transactions are conducted. Instead, these transactions are conducted by several market participants in several locations.

It is rare that any two currencies will be identical to one another in value, and it is also rare that any two currencies will maintain the same relative value for more than a short period of time. In forex, the exchange rate between two currencies constantly changes. For example, on January 3, 2011, one euro was worth about $1.33. By May 3, 2011, one euro was worth about $1.48. The euro increased in value by about 10% relative to the U.S. dollar during this time.

FUTURE NOW CRYPTO CURRENCIES

The technology world is changing too, the money could not be left behind, since the birth of ls crypto currency or digital currency more known the bitcoin, other digital currencies have come to light, this expected growth in giant steps bitcoin has made other developers or programmers realized the coins crypto is not a game or something that can not be used, realized that it is the world's monetary future and have decided to create their own currencies many of these equally safe or more than the same bitcoin.

Some of these coins As dashcoin or litecoin grow at rates that were not expected, remain online for more to be said that will disappear as happened with bitcoin, for many people this type of exchange is not yet well known, and more some do not even know how to use them, but only to look at google or another search engine to find that on the web and in many parts are accepted and there are sites like shapeshift.io currency exchange, where it is easy to share any crypto type of currency for another and this makes it easy to use them for what you want.

Another factor has been important in the use of the currencies are Faucets crypto calls, these pages have highly helped the growth and use of crypto are pages where users enter and are gifted these coins, from its beginnings as faubtcshis faucet bitcoin thought and is its principal ideal encourage the use of bitcoin and crypto other currencies for that.

We did not want to be alone in using bitcoin as currently it's very well known and already many people know how to use, we now want an opportunity to give other currencies like the dashcoin litecoin, and we strongly believe that these two currencies have a long future ahead, mining cost is minimal and profits can be very high.

Dogecoin Faucet List

We hope that within a near future we making within 3-5 crypto coins are known to most people and these can be used anywhere to buy or sell, so there is nothing more to support developers, making known to the common people these coins for use by suit them and see that the change is now.

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