Square Cash Has A Beautiful Landing Page But Fails To Provide Real Bitcoin Services

Square Cash Has A Beautiful Landing Page But Fails To Provide Real Bitcoin Services

Square Cash, also known as “Cash” or Square, Inc. has recently added Bitcoin investing to their list of services.  Square Cash allows users to transfer money using a phone app. The platform now boasts over 7 million users, as of 2018.

Why Square Cash Fails To Provide Real Bitcoin Services

With their new found interest in Bitcoin and blockchain technology, Square, Inc. is now allowing users to purchase and hold Bitcoin in their app. The catch is, they hold the blockchain asset, not you. We explored their new service offering and were completely let down. It turns out you can’t send or receive Bitcoin from the Square app. There are no bitcoin addresses to be seen. Bitcoin and blockchain are all about transparency and the Square Cash app gives users the opposite. They tell you that you now hold Bitcoin in the app but how do you know? You simply can’t verify the information. We doubt they are lying about any of the info displayed, but how would you know otherwise?

If Square Cash wants acceptance from Bitcoin investors, they will have to update their app and make it more transparent. There needs to be proof of purchase on the Bitcoin blockchain. Verifiability is paramount in the blockchain space.

What we liked was their beautiful landing page and informative information about Bitcoin and it’s anonymous creator, Satoshi Nakamoto.

Check out some screenshots from https://cash.me/bitcoin :

 

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:

How To Register Your EOS Tokens In The Exodus Bitcoin Wallet

How To Register Your EOS Tokens In The Exodus Bitcoin Wallet

We are big fans of Exodus and we know many of our readers are as well. We have secured information on how to register your EOS for when the blockchain launches on June 1st, 2018.

Right now, all EOS Tokens are actually ERC20 Ethereum tokens and they will need to be registered for claiming the future EOS Blockchain Tokens. This process is quite simple using MyEtherWallet.

The registration process needs to be done only once. Any additional EOS sent to your wallet after the registration will automatically be registered.

The information in this post (both text and images) comes directly from Exodus Support: http://support.exodus.io/article/65-i-ve-received-eos-tokens-in-exodus-how-do-i-register-them

Step 1

1. Export your ETH private key using the Developer Menu. Here’s how you open the Developer Menu: http://support.exodus.io/article/79-how-do-i-open-the-developer-menu

PLEASE USE THIS WITH CAUTION AS THESE PRIVATE KEYS GIVE ANYONE WHO SEES THEM 100% ACCESS TO YOUR ASSETS.

 

Step 2

Go to MyEtherWallet dot com and select “Send Ether & Tokens” then click “Private Key” to access your wallet. Paste in your Exodus Ethereum Private Key and click “Unlock”

 

Step 3

Once unlocked you will be able to see your EOS tokens in the token box on the right sidebar.

Note: you will need at least 0.01 ETH in your wallet to complete the registration process

 

Step 4

Go to https://nadejde.github.io/eos-token-sale/ and create your EOS Public and Private Key.

Note: Save these keys for future use

 

 

Step 5

Return to MyEtherWallet and select  “Contracts” from the menu then click on  “Select a contract” and choose  “EOS – Contribution.” Click  “Access” this will prefill the EOS contract address.

 

 

Step 6

Scroll down the page and click  “Select a Function” then choose  “Register” from the menu.

 

Step 7

Paste in your EOS public key, then in the next field “How would you like to access your wallet?” choose “Private Key” and paste in your Exodus ETH Private key, click unlock and then select “Write.”

 

Step 8

In the pop-up window “Amount to Send” should be 0 and “Gas Limit” should auto-populate. Then click “Generate Transaction” and select “Yes, I’m sure.”

 

Your EOS Tokens Are Now Registered! 👍

How to verify the token registration:

Select “Contracts” from the menu then click on “Select contract” and choose “EOS – Contribution” then scroll down the page and click “Select a Function” then choose “Keys” from the menu.

Paste in your Exodus ETH public key ( Exodus Receive Address) and click  “Read.” You will then see your EOS public key in the -string- attached to your ETH public key.

 

Why EOS?

EOS will be the most powerful infrastructure for decentralized applications. Watch these videos to learn more:

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.”

Get Ready! Hardware Wallets Are Coming To Exodus – The Full Exodus Wallet Roadmap

Get Ready! Hardware Wallets Are Coming To Exodus – The Full Exodus Wallet Roadmap

Exodus is easily one of our favorite Bitcoin and cryptocurrency wallets. The UI is amazing, you can store a multitude of different blockchain tokens and there is a built in exchange tool.

AND EXODUS LETS YOU CONTROL YOUR PRIVATE KEYS 👍

Currently Exodus supports Aragon, Augur, BAT, Bitcoin, Civic, Decred, Dash, EOS, Ethereum, Gnosis, Golem, Litecoin, OmiseGo, Qtum and SALT.

And now It has been confirmed! Hardware wallets will be available for Exodus!

“The Exodus team is very keen to add hardware wallet support (e.g. Trezor, KeepKey, Ledger Nano). I can also tell you that personally JP and I both want hardware wallet support ASAP… We also have heard from a number of high-net worth investors this is the ideal platform with the added hardware auth.

We can likely expect support for hardware wallets on Exodus sometime in 2018. The roadmap below has all the details on what Exodus plans to work on.

From woobull.com:

 

The Full EXODUS Roadmap

Feature Standard Release Eden[1]Release Details
Bitcoin 2015.12.09
Litecoin 2015.12.09
Dogecoin Removed Available in the initial 0.4.0 public release (2015.12.09), but removed for users with zero balances in 1.31.0 (2017.08.03) and fully removed from 1.34.0 onwards (2017.09.14) see Reddit post for more details.
Ethereum 2016.02.12 ERC20 asset support in v1.23.0 (2017.04.14)
Dash 2016.04.08 Excludes InstantX and PrivateSend features.
Golem 2017.04.14 Golem is the first ERC20 token to be supported by Exodus.
Augur 2017.04.27
Decred 2017.06.22 Excludes support for staking, but this is under evaluation for a future release.
EOS 2017.07.06
Aragon 2017.07.06
Gnosis 2017.07.20
OmiseGo 2017.08.25
Basic Attention Token 2017.08.31 2017.08.25
Civic 2017.09.14
Qtum 2017.08.31 2017.08.25
0x 2017.08.25
Bancor 2017.08.25
Bitcoin Cash 2017.08.25
DigixDAO 2017.08.25
District0x 2017.08.25
FirstBlood 2017.08.25
FunFair 2017.08.25
Metal 2017.08.25
Status 2017.08.25
Storj 2017.08.25
Wings 2017.08.25
Factom 2017.08.31 Private beta released 2017.02.10
SALT 2017.09.20
Ethereum Classic 2017.09.23

Exodus Eden Updates

  • 2017.08.25 : v1.32.0
  • 2017.08.31 : v1.33.1 : FCT
  • 2017.09.20 : v1.34.2 : SALT
  • 2017.09.23 : v1.34.3 : ETC

Future Roadmap

Feature Status Details
SEGWIT developing Support for Bitcoin SegWit transactions, currently under development, will reduce transaction fees.
Ripple developing
NEO developing
Monero 2017 Monero remains on the Exodus roadmap and we are excited to include this asset. Unfortunately, the UI/UX of Monero remains difficult and is still not ideal. Today novice users continue have difficulty with transaction notifications from the current beta GUI wallet from the Monero core team. Because Exodus does personal one-on-one support for each Exodus user we feel including Monero too early would cause a massive support burdon and confuse casual digital asset enthusiasts. Good news is we are getting closer and we do expect Monero to be included in 2017. Although pros and technical users may like bleeding edge technology, until Monero is rock solid, tested and “dog-fooded” internally Exodus will not release Monero until it is ready for “normal” (non-technical) digital asset consumers. Exodus posted an update on Reddit regarding the history and details on XMR integration (Jan 31, 2017).
ICONOMI 2017 Iconomi is an ERC20 token and expected to be released in 2017
Omni 2018 Likely in 2018. Omni, Maid, Tether all fall in the same body of work for Exodus
Maidsafe 2018 Maid is an Omni token and was expected to be released in 2017, but now delayed until 2018. These assets are built on the Bitcoin blockchain and will be contingent on the hard fork outcome in Q4 2017.
Tether 2018 Tether is an Omni token was expected to be released in 2017, but now delayed until 2018. These assets are built on the Bitcoin blockchain and will be contingent on the hard fork outcome in Q4 2017. We are most excited about Tether because of the ability to have a stable peg inside of the Exodus environment.
2FA planned 2-factor authentication support is on the roadmap, this is likely to precede Hardware Wallet Support
HARDWARE WALLET planned The Exodus team is very keen to add hardware wallet support (e.g. Trezor, KeepKey, Ledger Nano). I can also tell you that personally JP and I both want hardware wallet support ASAP… We also have heard from a number of high-net worth investors this is the ideal platform with the added hardware auth.
. .
Siacoin evaluating Exodus is intrigued with Sia but have not looked the tech to see what the options are.
SingularDTV evaluating SingularDTV is an ERC20 token.
TenX evaluating
Zcash evaluating If the Zcash network remains stable and has continual upgrades it is likely we will support this asset in 2017.
. .
Blackcoin excluded Exodus will have more interest in integrating staking protocols once Ethereum moves to proof-of-stake with Casper
Bytecoin excluded
Counterparty excluded
GameCredits excluded
IOTA excluded
Lisk excluded
NEM excluded
NXT excluded
Peercoin excluded Exodus will have more interest in integrating staking protocols once Ethereum moves to proof-of-stake with Casper
Steem excluded
Stellar excluded
Synereo excluded
Waves excluded

UPDATE HISTORY:

  • 2016-09-19: Storj, Siacoin, Blackcoin, Peercoin, Synereo, Bytecoin
  • 2016-09-23: Zcash
  • 2016-09-30: Monero, Omni, Tether
  • 2016-10-07: ICONOMI, Augur, SingularDTV, DigixDAO
  • 2016-10-17: Ethereum Classic
  • 2016-10-25: Waves
  • 2016-11-05: Maidsafe, Omni, Tether
  • 2016-11-13: Monero
  • 2017-01-15: Updates to status of most coins
  • 2017-02-13: Factom
  • 2017-03-07: Factom ETA updated
  • 2017-04-02: Factom ETA updated
  • 2017-04-06: ERC20, Golem
  • 2017-04-17: ERC20, Golem
  • 2017-04-22: Decred, Storj
  • 2017-05-01: Augur
  • 2017-06-05: Ethereum Classic
  • 2017-06-07: Factom
  • 2017-06-22: Decred
  • 2017-07-10: EOS, Aragon
  • 2017-07-20: Gnosis, Dogecoin, 2FA support
  • 2017-08-17: OmiseGo
  • 2017-08-27: Exodus Eden Assets: 0x, Basic Attention Token, Bitcoin Cash, Bancor, Civic, DigixDAO, District0x, FirstBlood, FunFair, Metal, Qtum, Status, Storj
  • 2017-08-27: Roadmap updates: OMNI, Tether, Ripple, NEO, IOTA, SALT, SegWit Txs
  • 2017-09-18: Basic Attention Token, Civic, Qtum
  • 2017-09-21: Factom, SALT
  • 2017-09-24: Ethereum Classic