Need For Speed Blockchain Comparison – How Fast Is Steem?

Need For Speed Blockchain Comparison – How Fast Is Steem?

As demand rises and blockchains grow, they must be able to scale. When doing a blockchain comparison there are several aspects that should be looked at. The speed of blockchain transactions is one of the most important aspects when considering scalability and usability.

The first ever blockchain, Bitcoin is now over 8 years old. It still functions well as a store of value, but the rise of transactional and speculative demand of Bitcoin has severely slowed down the database.

A few weeks ago, community members of Steemit launched a Thunderclap comparing The blockchains STEEM, Ethereum, Bitcoin, and Litecoin.

The results are staggering. STEEM transaction speed is lighting fast compared to the other blockchains. The Thunderclap included the following GIF made by Steem user @kyriacos. Check it out:

If you think STEEM if fast, wait till EOS launches in June 2018! Many of the developers that built BitShares and STEEM are now working on EOS. We believe that everything they learned and perfected on the first two iterations will help EOS be the best blockchain yet.

Learn More About STEEM & EOS:

Coinbase Will Add More Altcoins In 2018

Coinbase Will Add More Altcoins In 2018

Coinbase is one of the most popular websites to buy cryptocurrency. We are now hearing that Coinbase will add more Altcoins in 2018.

from ethereumworldnews.com

“In an interview with CNBC, Coinbase co-founder and CEO Brian Armstrong discusses how bitcoin and other cryptocurrencies are becoming Stock Market 2.0. Armstrong also notes that Coinbase will be adding several new cryptocurrencies in 2018 to go along with the three they currently offer — Bitcoin, Ethereum, and Litecoin.”

Coinbase CEO Brian Armstrong:

“The ones that are the most exciting to us that we have on the platform today are bitcoin, ethereum and litecoin, but there’s many more that are going to be added to the platform in 2018 and I think this is going to be a really exciting space for all kinds of institutional investors to make money.”

Which Altcoins Will Coinbase Add?

We are not certain, but if we had to guess we would say that the best contenders are Bitcoin Cash, Ripple, Iota, Dash, and Monero. (in that order).

We are huge fans and supporters of all these altcoins except Ripple. Ripple (XRP) is a token on a centralized blockchain and for supporters of central banks.

Here are their prices as of 12/27/17

 

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Buy Gift Cards With Bitcoin For Your Favorite Store Or Restaurant

Buy Gift Cards With Bitcoin For Your Favorite Store Or Restaurant

Did you know that you can buy Gift Cards with Bitcoin for a plethora of stores and eateries? eGifter.com sells eGift Cards from over 250 national brands in the US.

“eGifter is a web and mobile app that lets you buy eGift cards for yourself or give them to your friends via email or your favorite social network. You can add an animated eGreeting card, personal message and video. You can even invite others to chip in, making it a group gift!”

You can always “cash out” of your Bitcoin and cryptocurrencies on exchanges like Coinbase or get a Bitcoin debit card. But sometimes it is just as convenient to get a gift card for your favorite store.

Did we mention they have a rewards program for customers? 100 eGifter points is equal to $1. You can get 1 eGifter Point for every $1 spent with a credit card or PayPal. BUT for every $1 spent with Bitcoin you get 2 eGifter Points!

 

Card Options:

“eGifter uses BitPay to process bitcoin transactions. All bitcoin transactions are secure. Transactions may take up to 30 minutes to process*.”

We purchased some eGift cards from eGifter to see how easy it would be to pay with Bitcoin. We were very pleased with our results.

Tether Just Got Hacked! Thief Runs Off With $31 Million In Crypto

Tether Just Got Hacked! Thief Runs Off With $31 Million In Crypto

Just out, The cryptocurrency, Tether has been hacked. And the hacker has run off with $31 million worth of tokens.

Currently Tether is at #20 on coinmarketcap.com totaling $634,400,000. The startup company from Santa Monica, California provides a Dollar backed cryptocurrency. Basically Tether enables traditional currency to be used like digital currency. They facilitate US dollar, Euro, and soon Yen transfers between crypto exchanges such as Bitfinex and Poloniex.

From thehackernews.com:

According to an announcement on the company’s official website posted today, the unknown hacker stole the tokens (worth $30,950,010) from the Tether Treasury wallet on November 19 and sent them to an unauthorized Bitcoin address.

The stolen tokens will not be redeemed, but the company is in the process of attempting token recovery in order to prevent them from entering the broader cryptocurrency market.

The attacker is holding stolen funds at the following bitcoin address:

16tg2RJuEPtZooy18Wxn2me2RhUdC94N7r

 

About Tether:

 

 

Worried About Getting Hacked?

One of the main pillars of the cryptocurrency industry is real ownership. With your private keys you can prove that digital currency is yours and that you control it. With traditional central banks, they hold you money and technically own your account. They control it, not you.

This is a huge advantage and improvement of banking and money systems of the past. However, with real ownership comes real responsibility and stewardship. Do your due diligence and research on crypto projects. Many have secure and decentralized blockchains, but not all.

We suggest diversifying your crypto portfolio to hedge against the loss via hacking. And store you crypto across several wallets. We also advise people to use decentralized exchanges such as BitShares. Centralized exchanges and platform are vulnerable to hacks, truly decentralized systems are not.

bitshares accepted here

Japan Might Launch It’s Own Crypto Called J-Coin

Japan Might Launch It’s Own Crypto Called J-Coin

The 2020 Olympic Games will happen in Tokyo, Japan and the Japanese want to be ready for the influx of people that will come into the country for the event. Banks in Japan are now hoping to create a digital token and fully replace cash before the Olympic Games. The goal is to make the Japanese financial system more streamlined as cash transactions cost significantly more than digital transactions.

From CoinTelegraph:

“The J-Coin is intended to function in tandem with the Yen, rather than replacing it. The coin would be exchanged at a one-to-one ratio. The service for the coin would be offered freely but would be a means of tracking transactions that is far more complex in a cash-based society.

The coin will likely see release in the coming years, though the infrastructure of the system is not yet clear. It may be based on Blockchain technology, but the specifics are as yet unreleased. Recent reports from the Bank of Japan indicate that it does not consider Blockchain technology ‘mature’ enough to handle transactions.

The suggestion of a government cryptocurrency falls in line with the idea that governments around the world are seeking to start their own proprietary cryptocurrencies.”