Should You Invest in Bitcoin?

If you are wondering what Bitcoin is and whether you should invest in it, then this article is for you. In 2010, the value of one bitcoin was only 5 cents. Fast forward to 2017 and it’s worth $20,000. Again, the price fell to $8,000 within the next 24 hours, thus causing a huge loss to currency holders.

If you are trying to learn more about Bitcoin, this read may help you. According to statistics, about 24% of Americans know what this thing is. However, the currency still has a value of over $152 billion. This is one of the most common reasons for the popularity of this thing. Let’s find out what it is and whether you should invest in it.

What is Bitcoin?

In simple words, Bitcoin is one of the digital currencies. Digital currency is known as cryptocurrency. The term was coined by an anonymous person during the 2008 financial crisis.

A digital currency account is kind of like your checking account that you can view online. In other words, it is a digital currency that can be looked at but not touched. In the case of Bitcoin, you also have no physical representation. All money exists only in digital form. There is no one to regulate this type of currency. Likewise, the network is not controlled by any single entity and tokens are exchanged between individuals through a complex software system. Instead, everything is decentralized and managed by a network of computers.

It is important to note that you cannot use these tokens to pay for anything you want to buy. In fact, you can only use it to buy from certain sellers or stores online. But it can be sold for traditional currency or money. However, more and more companies are starting to accept Bitcoin and other cryptocurrencies. For example, Expedia and Over-stock accept it from consumers. One of the main characteristics of this type of money is that the transaction is completely private and cannot be traced. This is one of the many reasons why most people prefer this digital form of money.

Should you invest in Bitcoins?

Remember: before choosing to invest in Bitcoin or any other digital currency, make sure you understand the risks associated with this system. Volatility is one of the main risks. This means that the value of your money can fluctuate significantly in 24 hours. In fact, the rise or fall in value can be as much as 30%. Another problem is that most of the digital currencies that can be seen today will lose their value within 5 years, according to most experts.

For greater security, we suggest you only invest what you can afford to lose. For example, if you have $1000, you can invest $10. And if you lose this amount, it will not create any financial problems for you.

Hopefully you now know what Bitcoin is and whether you should invest your hard earned money. Remember: you don’t have to invest a lot of money or you could get into serious financial trouble down the road.

Planning to trade Monero cryptocurrency? Here are the basics to get you started

One of the primary mandates of blockchain technology is to provide users with unwavering privacy. Bitcoin as the first ever decentralized cryptocurrency relied on this premise to market itself to a wider audience that then needed a virtual currency that was free from government interference.

Unfortunately, along the way, Bitcoin has been riddled with several weaknesses, including a lack of scalability and a volatile blockchain. All transactions and addresses are recorded on the blockchain, making it easy for anyone to connect the dots and reveal users’ personal data based on their existing records. Some government and non-government agencies are already using blockchain analytics to read data into the Bitcoin platform.

Such shortcomings have led to developers looking for alternative blockchain technologies with improved security and speed. One of these projects is Monero, commonly represented by the XMR ticker.

What is Monero?

Monero is a privacy-oriented cryptocurrency project whose main goal is to provide better privacy compared to other blockchain ecosystems. This technology protects users’ information through hidden addresses and Ring signatures.

A stealth address refers to creating a single address for a solo transaction. No two addresses can be attached to one transaction. The resulting coins go to a completely different address, making the whole process unclear to an outside observer.

Ring signature, on the other hand, refers to mixing account keys with public keys, thus creating a “ring” of multiple signers. This means that a monitoring agent cannot associate a signature with a specific account. Unlike cryptography (a mathematical method for securing crypto projects), ring signature is not a new kid on the block. Its principles were researched and recorded in a 2001 report by the Weizmann Institute and MIT.

Cryptography has certainly won the hearts of many blockchain developers and fans, but the truth is that it is still a nascent tool with a handful of applications. Since Monero uses Ring’s already tested signature technology, it stands out as a legitimate project worth adopting.

Things you need to know before you start trading Monero

The Monero Market

The Monero market is similar to that of other cryptocurrencies. If you want to buy it then Kraken, Poloniex and Bitfinex are some of the exchanges you should visit. Poloniex was the first to adopt it, followed by Bitfinex and finally Kraken.

This virtual currency most often seems to be pegged to the dollar or against other cryptocurrencies. Some of the available pairs include XMR/USD, XMR/BTC, XMR/EUR, XMR/XBT and many more. The trading volume and liquidity of this currency record very good statistics.

One of the good things about XMR is that anyone can participate in mining either as an individual or by joining a mining pool. Any computer with significantly good processing power can mine Monero blocks with a few hiccups. Don’t bother choosing ASICS (Application Specific Integrated Circuits) which are currently mandatory for Bitcoin mining.

Price volatility

While it’s a great cryptocurrency network, it’s not that special when it comes to volatility. Virtually all altcoins are extremely volatile. This should not worry any keen trader as this factor is what makes them profitable in the first place – you buy when prices are falling and sell when they are in an uptrend.

In January 2015, XMR was trading at $0.25, then made a notable jog to $60 in May 2017 and is currently hovering above the $300 mark. Monero coin recorded its ATH (all-time high) of $475 on January 7, before starting to fall along with other cryptocurrencies to $300. At the time of writing, virtually all decentralized currencies are in a price correction phase, with Bitcoin hovering between $10-11k from its glorious ATH of $19,000.

Substitutability and adoption

Due to its ability to offer reliable privacy, XMR has been adopted by many people who make their coins easily exchangeable for other currencies. In simple words, Monero can easily be exchanged for something else.

All bitcoins on the bitcoin blockchain are recorded, and therefore when an incident such as a theft occurs, every coin involved will be decommissioned, making them irreplaceable. With monero, you cannot tell one coin from another. Therefore, no seller can reject any of them because it is related to a bad incident.

Currently, the Monero blockchain is one of the trendiest cryptocurrencies with a significant following. Like most other blockchain projects, its future looks great despite looming government crackdowns. As an investor, you should do your due diligence and research before trading any cryptocurrency. Whenever possible, seek help from financial experts to get you on the right track.

Some of the best cryptocurrencies to invest in now for free and secure financial exchange

Cryptocurrency as a modern form of digital asset has gained worldwide recognition for easy and faster financial transactions, and its awareness among people has allowed them to take more interest in the field, thus opening up new and advanced ways of making payments. With the growing demand for this global phenomenon, new traders and business owners are now ready to invest in this currency platform despite its price fluctuations, but it is quite difficult to choose the best one when the market is full. In the list of cryptocurrencies, Bitcoin is one of the oldest and more popular in the last few years. It is mainly used to trade goods and services and has become part of the so-called computerized blockchain system, allowing anyone to use it, thus increasing the frenzy among the public.

Ordinary people who wish to buy BTC can use an online wallet system to buy them safely in exchange for money or credit cards and conveniently from the thousands of BTC foundations around the world and keep them as assets for the future. Due to their popularity, many corporate investors now accept them as cross-border payments and the growth is unstoppable. With the advent of the internet and mobile devices, gathering information has become quite easy, as a result of which BTC financial transactions are accessible and priced according to people’s choices and preferences, resulting in a profitable investment. Recent studies have also proved that volatility is good for BTC exchange because if there is instability and political unrest in the country due to which banks are suffering, then investing in BTC can certainly be a better option. Again, bitcoin transaction fees are much cheaper and a more convenient contracting technology, thus attracting the crowd. BTC can also be converted into various fiat currencies and is used to trade securities, own land, stamp documents, public rewards and vice versa.

Another advanced blockchain project is Ethereum, or ETH, which serves as much more than just a digital form of cryptocurrency, and its popularity over the past few decades has allowed billions of people to hold wallets for them. With the ease of the online world, ETH has allowed retailers and business organizations to accept them for commercial purposes, therefore it can serve as the future of the financial system. In addition, as an open source, ETH supports the collaboration of projects of different companies and industries, thereby increasing their utility. Again unlike Bitcoin, which is used to exchange money on a digitized network, ETH can be used for multiple applications beyond financial transactions and does not require prior permissions from governments, so people can use it with their portable devices. The price of Ether has also remained stable and avoids the interference of any third-party intermediaries such as lawyers or notaries, as exchanges are primarily software-based, allowing ETH to be the second best cryptocurrency to invest in right now.

Is bitcoin safe?

Bitcoin is reportedly rolling into no-go areas as it creates a wave of controversy among “high” society and savvy digital investors. These digital marketers are trying to earn their share of the billion-dollar-a-day digital pie as corporate society seeks to limit the spiraling value of what appears to be a “money threat.” Some who seek to exploit the poor and vulnerable are not having it as they try to vaccinate the masses in an attempt to quell this growing “digital monster”.

These seemingly corporate crooks continue to stifle how the less fortunate spend their money while trying to build financial cartels around the world, but thanks to digital technology, Bitcoin has revolutionized money control in the 21st!

The cons

Despite the rise of digital currencies like Bitcoin, it would be remiss of me not to highlight the downsides of these virtual currencies. Due to the fact that their digital fingerprints are encrypted, they cannot be tracked online. While one enjoys privacy and security when trading, it provides yet another portal to hide and make illegal transactions.

When this happens, drug dealers, terrorists, and other suspected culprits will continue to conduct their illicit trade undetected when using Bitcoin.

The professionals

However, amid the monetary chaos, Bitcoin offers everyone tremendous investment opportunities and growth potential. No one controls the virtual currency as it can be accessed by the public in cyberspace and the value continues to grow as society stumbles through the debris of inflation.

An ordinary man on the street can buy, save, trade, invest and increase his chances of becoming financially successful without the interference of government restrictions, controls and fiduciary regulations; spiral inflations therefore become a thing of the past.

Many truly believe that the number 1 problem in our society is the establishment of financial monopolies. When a corporation decides to control foreign currency, gold, and fuel, it uses its power to dictate how the money is spent.

Regulations established by large and wealthy multi-corporations are only aimed at adding more wealth and power to their portfolios, rather than benefiting borrowers seeking financial assistance. Also, those at the top are trying to drain the swamp so others can rely on them while they can get richer, but they can’t control the digital currency!

The lighter side of the coin

The time has come to open the eyes of the world and it is Bitcoin. Those who try to control the world are threatened by this Frankenstein, but I doubt they can stop him or manage him. 1 Bitcoin is currently worth $844099.07 Jamaican Dollar or $6895.80 US Dollar. The price for 1 Bitcoin in 2009 was 0.05 USD!

A step-by-step guide to investing in Bitcoin

Well, as with almost anything else in life – if not everything – you have to buy it before you can invest in it. Investing in Bitcoin can be very challenging and that is if you don’t have a step set in front of you.

First you need to know that Bitcoin is a type of cryptocurrency, one of the first digital currencies that was invented, designed and developed by Satoshi Nakamoto and released to the public in 2009.

And from there, updates as well as improvements are made by a network of very experienced developers and the platform is partially funded by the Bitcoin Foundation.

Since bitcoins have become a hot topic of interest and many people are investing in them, there is nothing wrong if you also get a little digital wealth. It is interesting to note that in 2012, Bitcoin firms only managed to raise $2.2 million.

Despite falling prices this year, the cryptocurrency continues to see growth among both consumers and merchants who accept it as payment.

So how can you be a part of the action? Investing in Bitcoin can be easy for the average Joe if he just buys straight.

Buying it today is made easy with many businesses in the United States and everywhere involved in the business of buying and selling.

For US investors, the easiest solution is Coin Base, which is a company that sells BTC to people at a premium, which is usually about 1% above the current market price.

If you want a traditional exchange, Bit Stamp might be a better option as you will be trading users not only with the company but also with the users.

The company acts only as an intermediary. Liquidity is higher and you can almost always find another person to take the other side of your trade.

Fees start at 0.5% and go up to 0.2% if you’ve traded over $150,000 in the last 30 days. All of them are already investment vehicles in their own way, because the more BTC you buy, the more profit you will accumulate if you decide to store them or resell them to other traditional buyers at a higher price than what you bought with real companies.

You can also buy bitcoins in another way other than an exchange. One of the most popular routes to so much offline is Local Bitcoins, which is a website that connects you with potential buyers and sellers. Upon purchase, the coins are locked by the seller in escrow, from where they can only be released to buyers.

But buying bitcoins offline should be done with some extra precautions that are always common, just like you would when meeting a stranger. Meet during the day in a public place and if possible bring a friend.

Bitcoin is the hottest thing online right now. Investors and venture capital firms are betting it’s here to stay. There are many ways for the average Joe to invest and buy Bitcoins.

In the US, the most popular avenues are Coin Base, Bit Stamp and Local Bitcoins. Each has its advantages and disadvantages, so do your research to find the one that’s right for you.

Digital Currency: The Technologist’s Answer to Self-Employment

Digital currency, commonly referred to as “cryptocurrency”, is a type of money that exists only in electronic format. It is a chain of data that uses a technology called Block Chain that acts as a ledger and maintains the history of what the cryptocurrency is used for. Like coins or paper money, digital currency is stored in a digital wallet and can be used as a traditional method for buyers and sellers to pay for the exchange of goods and/or services. The transfer of ownership of a digital currency is stored as a record on the blockchain that can be tracked from user to user. There are obvious benefits to tracking the activity of any currency, with the most significant benefits being proof of ownership and fraud prevention and mitigation.

The recent growth in popularity of cryptocurrency has given way to a new era of wealth in the tech industry. While traditional means of generating income or accumulating wealth usually involve exchanging a product or service for money or compensation, digital currency is generated entirely differently. Much like gold or silver is dug out of the ground, Digital Currency uses “miners” to process thousands upon thousands of calculations every minute, effectively digging through a mountain of digital rocks and dirt to find what eventually turns out to be a solution to an extremely complex mathematical problem.

Until recently, a technologist’s ability to generate a salary was based on building digital applications or providing technical skills to businesses. However, with the birth of cryptocurrency, a technologist (or even a novice user with some basic computer programming skills) can bypass the main occupation and get directly involved in the production of this new currency by building a team of super-powerful computers whose sole purpose is to “mine” cryptocurrency.

The corporate world relies heavily on the skills and abilities of computer and IT professionals. However, as the popularity of virtual money continues to grow and become more popular, coupled with the natural skills possessed by even some of the most basic computer programmers, the corporate world may begin to see cryptocurrency as a threat to their business operations. Compared to the answer of a boss at a tech firm, digital currency mining can be a very attractive job opportunity, leading to a potential shortage of skilled computer programmers in the tech industry.

A brief introduction to blockchain – for normal people


If you’ve tried to immerse yourself in this mysterious thing called blockchain, you’d be forgiven for recoiling in horror at the sheer opacity of the technical jargon that’s often used to frame it. So before we get into what cryptocurrency is and how blockchain technology can change the world, let’s discuss what blockchain actually is.

Simply put, blockchain is a digital ledger of transactions, not unlike the ledgers we’ve used for hundreds of years to record sales and purchases. The function of this digital ledger is actually almost identical to a traditional ledger as it records debits and credits between people. This is the basic concept behind blockchain; the difference is who keeps the ledger and who verifies the transactions.

In traditional transactions, payment from one person to another involves some kind of intermediary to facilitate the transaction. Let’s say Rob wants to transfer £20 to Melanie. He can either give her cash in the form of a £20 note, or he can use some banking app to transfer the money directly into her bank account. In both cases, the bank is the intermediary that verifies the transaction: Rob’s funds are verified when he withdraws the money from an ATM, or verified by the app when he makes the digital transfer. The bank decides whether to proceed with the transaction. The bank also keeps a record of all transactions made by Rob and is solely responsible for updating it when Rob pays someone or receives money in his account. In other words, the bank holds and controls the ledger and everything flows through the bank.

It’s a big responsibility, so it’s important that Rob feels he can trust his bank, otherwise he wouldn’t be risking his money with them. He must feel confident that the bank will not cheat him, will not lose his money, will not be robbed and will not disappear overnight. This need for trust underlies almost every basic behavior and aspect of the monolithic financial industry, so much so that even when banks were discovered to have been irresponsible with our money during the 2008 financial crisis, the government (another intermediary) chose to save them rather than risk destroying the last fragments of trust, leaving them to crumble.

Blockchains work differently in one key respect: they are completely decentralized. There is no central clearing house like a bank and no central ledger kept by one person. Instead, the ledger is distributed across a vast network of computers called nodes, each holding a copy of the entire ledger on their respective hard drives. These nodes are connected to each other through a piece of software called a peer-to-peer (P2P) client, which synchronizes data across the network of nodes and ensures that everyone has the same version of the ledger at any given moment in time.

When a new transaction is entered into the blockchain, it is first encrypted using state-of-the-art cryptographic technology. Once encrypted, the transaction is converted into something called a block, which is basically the term used for an encrypted group of new transactions. This block is then sent (or broadcast) to the network of computer nodes, where it is verified by the nodes and, once confirmed, transmitted over the network so that the block can be added to the end of anyone’s computer’s ledger, under the list of all previous blocks. This is called a chain, hence the technology is called blockchain.

Once approved and recorded in the ledger, the transaction can be completed. This is how cryptocurrencies like Bitcoin work.

Accountability and de-trust

What are the advantages of this system over a bank or central clearing system? Why would Rob use Bitcoin instead of normal currency?

The answer is trust. As mentioned earlier, with the banking system it is extremely important that Rob trusts his bank to protect his money and handle it properly. To ensure that this happens, there are massive regulatory systems in place that scrutinize the actions of banks and ensure that they are fit for purpose. Governments then regulate regulators, creating a sort of multi-tiered system of checks whose sole purpose is to help prevent mistakes and misconduct. In other words, organizations like the Financial Services Authority exist precisely because banks cannot be trusted on their own. And banks often make mistakes and behave badly, as we have seen too many times. When you have one source of power, power tends to be misused or abused. The trust relationship between people and banks is uncomfortable and uncertain: we don’t really trust them, but we don’t think there’s much of an alternative.

Blockchain systems, on the other hand, don’t need you to trust them at all. All transactions (or blocks) in a blockchain are verified by nodes in the network before being added to the ledger, meaning there is no single point of failure, no single approval channel. If a hacker wants to successfully tamper with the blockchain ledger, he would have to hack millions of computers simultaneously, which is nearly impossible. A hacker would also be nearly unable to take down a blockchain network, as they would again need to be able to shut down every single computer in a network of computers spread across the globe.

The encryption process itself is also a key factor. Blockchains like Bitcoin use deliberately difficult processes for their verification procedure. In the case of Bitcoin, blocks are verified by nodes deliberately performing a CPU- and time-intensive series of calculations, often in the form of puzzles or complex mathematical problems, meaning that verification is neither immediate nor accessible. Nodes that commit the resource to verify blocks are rewarded with a transaction fee and a reward of newly minted bitcoins. This has the function of both incentivizing people to become nodes (since processing blocks like this requires quite powerful computers and a lot of electricity) while managing the process of generating or minting units of the currency. This is called mining because it involves considerable effort (in this case by a computer) to produce a new commodity. It also means that transactions are verified in the most independent way possible, more independent than a government regulated organization like the FSA.

This decentralized, democratic and highly secure nature of blockchains means that they can function without the need for regulation (they are self-regulating), government or any other opaque intermediary. They work because people don’t trust each other, not in spite of.

Let the significance of this sink in for a while and the excitement around blockchain starts to make sense.

Smart contracts

Where things get really interesting is blockchain applications beyond cryptocurrencies like Bitcoin. Given that one of the core principles of the blockchain system is the secure, independent verification of a transaction, it’s easy to imagine other ways in which this type of process could be valuable. Not surprisingly, many such applications are already in use or in development. Some of the best are:

  • Smart Contracts (Ethereum): Probably the most exciting blockchain development since Bitcoin, smart contracts are blocks that contain code that must be executed in order for the contract to be executed. The code can be anything as long as a computer can execute it, but in simple terms this means that you can use blockchain technology (with its independent verification, trust architecture and security) to create a kind of escrow system for anything transactions. As an example, if you’re a web designer, you can create a contract that checks whether or not a new client’s website has been launched, and then automatically release the funds to you once it has. No more chasing or billing. Smart contracts are also used to prove ownership of an asset such as property or art. The potential to reduce fraud with this approach is huge.
  • Cloud Storage (Storj): Cloud computing revolutionized the web and led to the emergence of Big Data, which in turn ushered in the new AI revolution. But most cloud-based systems run on servers stored in single-location server farms owned by a single entity (Amazon, Rackspace, Google, etc.). This creates the same problems as the banking system, as your data is controlled by a single, opaque organization that represents a single point of failure. Distributing data on a blockchain removes the trust issue entirely and also promises to increase reliability as it is much harder to bring down a blockchain network.
  • Digital ID (ShoCard): two of the biggest issues of our time are identity theft and data protection. With huge centralized services like Facebook storing so much data about us, and efforts by various governments in developed countries to store digital information about their citizens in a central database, the potential for misuse of our personal data is terrifying. Blockchain technology offers a potential solution to this by packaging your key data in an encrypted block that can be verified by the blockchain network when you need to prove your identity. Applications of this range from the obvious replacement of passports and ID cards to other areas such as password replacement. It can be huge.
  • Digital Voting: Hot on the heels of the investigation into Russia’s influence on the recent US election, digital voting has long been suspected of being unreliable and highly vulnerable to tampering. Blockchain technology offers a way to verify that a voter’s vote has been sent successfully, while preserving their anonymity. It promises not only to reduce fraud during elections, but also to increase overall voter turnout as people will be able to vote on their mobile phones.

Blockchain technology is still in its infancy and most of the applications are far from mainstream use. Even Bitcoin, the most established blockchain platform, is subject to massive volatility, indicative of its relative newcomer status. However, blockchain’s potential to solve some of the major problems we face today makes it an extremely exciting and enticing technology to pursue. I’ll certainly keep an eye out.

Infliv Exchange – The Game Changer

Infliv aims to provide all crypto traders more profits without fee. It is the first full exchange supporting multiple cryptocurrencies/tokens on one platform.

Infliv is a company name meaning the information is live = INFLIV. Cryptocurrency and blockchain are the demand and demand of the time ahead today, infliv crypto exchange platform provides a user-friendly platform for new traders. it is a cryptocurrency exchange that allows users to trade multiple cryptocurrencies against BTC, ETH, USDT and its own IFV token.

We strive to provide a fast and secure trading experience to our clients in BTC, ETH, USDT and IFV trading options, Infliv prioritizes the security of funds and user information by requiring users to enable 2FA using Google Authenticator or U2F security key. To protect the security of the funds, the majority of system funds are stored in cold wallets and only approx. 0.5% of crypto assets are available in hot wallets for daily operations on the platform.

Function propagation

We will deploy the platform in roughly the following order

  • Spot trading

  • Margin trading

  • Futures

  • Anonymous instant exchange

Infliv will support trading pairs of the following coins

  • BTC

  • ETH

  • USDT

  • IFV

All traders ask for minimal crypto trading fee, so we don’t have any trading fee. Infliv is the world’s first subscription-based cryptocurrency exchange (subscription) where you can trade unlimitedly with minimal monthly fees and receive income per month in your Infliv Token shares.

Infliv is a world-class digital currency (cryptocurrency) exchange, Infliv is the only cryptocurrency exchange in the world’s Initial Coin Offering (ICO) that allows you to trade with a monthly subscription, you don’t have to pay for every trade on the Infliv exchange , In the global digital currency revolution. Infliv aims to provide all crypto traders more profits without fee. It is the first full exchange supporting multiple cryptocurrencies/tokens on one platform.

Problems and solutions


Trading fees are mostly a small percentage or fraction of a percentage, so most people don’t care about them. But when you’re a professional trader – or want to become one – that means paying too much money in fees over time.


To avoid this, INFLIV introduces the world’s first subscription (membership)-based cryptocurrency trading platform that still allows trading for a whole month, with no TRADING FEE. Monthly subscription only – 0.02 ETH Use IFV Token to pay, enjoy 50% discount on subscription fee.

Token distribution details

Infliv Token (IFV) is built with an ERC20 token based on the Ethereum blockchain technology. This technology brings scalability and security to users, token holders will get exclusive benefits like revenue. Infliv token holders receive 60% token ratio revenue from the total monthly subscription fee received in Infliv exchange and pay monthly subscription fee using infliv token and get 50% fee discount. Infliv (IFV) supports all Ethereum wallets.

Why should you buy Infliv Token?

Infliv represents a solid investment opportunity for investors looking to accumulate wealth over a period of time. This is not a get-rich-quick scheme or an overnight money-making opportunity. Investors who buy tokens and hold them long-term will achieve outstanding results and returns on their investment.

  • An experienced management team with experience in running a successful company.

  • All traders ask for minimal trading fees. We have no trading fee.

  • Infliv introduces the world’s first subscription-based (membership) cryptocurrency exchange.

  • Token holders will get exclusive benefits like revenue. Infliv token holders receive 60% token ratio revenue from the total monthly subscription fee received on Infliv Exchange and pay monthly subscription fee using infliv token and get 50% fee discount.

  • In the future (2019), Infliv will build a decentralized exchange where IFV will be used as one of the key underlying assets as well as gas to be spent.

  • 24 hour customer support. We have seen that cryptocurrency is the currency of the future and Blockchain is the new discovery of this century, so we provide a fast and secure trading experience to our clients in BTC, ETH, USDT and IFV trading options, Infliv prioritizes the security of funds and user information by requiring users to enable 2FA using Google Authenticator or a U2F security key. To protect the security of the funds, the majority of system funds are stored in cold wallets and only approx. 0.5% of crypto assets are available in hot wallets for daily operations on the platform.

The basics of cryptocurrency and how it works

In the times we live in, technology has made incredible advances compared to any time in the past. This evolution has redefined human life in almost every aspect. In fact, this evolution is a continuous process and thus human life on earth is continuously improving day by day. One of the latest inclusions in this aspect is cryptocurrencies.

Cryptocurrency is nothing but a digital currency that is designed to enforce security and anonymity in online monetary transactions. It uses cryptographic encryption to both generate currency and verify transactions. New coins are created through a process called mining, while transactions are recorded in a public ledger called a transaction block chain.

A little flashback

The evolution of cryptocurrency is mainly due to the virtual world of the web and involves the procedure of transforming readable information into a code that is almost unbreakable. This makes it easier to track purchases and transfers involving the currency. Cryptography, after its introduction in World War II to secure communication, has evolved into this digital age, mixing with mathematical theories and computer science. Thus, it is now used to provide not only communication and information, but also money transfers in the virtual network.

How to use cryptocurrency

It is very easy for common people to use this digital currency. Just follow the steps below:

  • You need a digital wallet (obviously to store the currency)
  • Use the wallet to create unique public addresses (this allows you to receive the currency)
  • Use the public addresses to transfer funds in or out of the wallet

Cryptocurrency wallets

A cryptocurrency wallet is nothing but a software program that can store both private and public keys. In addition to this, it can also interact with different blockchains so that users can send and receive digital currency and also keep track of their balance.

How digital wallets work

Unlike conventional wallets that we carry in our pockets, digital wallets do not store currency. In fact, the blockchain concept is so intelligently blended with cryptocurrency that currencies are never stored in a specific location. Nor do they exist anywhere in hard cash or physical form. Only records of your transactions are stored on the blockchain and nothing else.

A real life example

Suppose a friend sends you digital currency, say in the form of Bitcoin. What this friend does is it transfers ownership of the coins to your wallet address. Now, when you want to use this money, you have unlocked the fund.

To unlock the fund, you need to match the private key in your wallet with the public address the coins are assigned to. Only when these private and public addresses match will your account be credited and your wallet balance will swell. Simultaneously, the balance of the sender of the digital currency will decrease. In digital currency transactions, the actual exchange of physical coins never takes place at any point.

Understanding Cryptocurrency Address

By nature, it is a public address with a unique character string. This allows a user or digital wallet owner to receive cryptocurrency from others. Each public address that is generated has a corresponding private address. This automatic match proves or establishes ownership of a public address. As a more practical analogy, you can accept a public cryptocurrency address as your email address to which others can send emails. Emails are the currency people send you.

Understanding the latest version of technology in the form of cryptocurrency is not difficult. One needs a bit of interest and time on the web to clear the basics.

Bitcoin Mining and Security Part 2

Let’s recap on crypto security and refer to part 1 if needed.

Bitcoin security is important. Your Bitcoin or any other cryptocurrency has a unique address or identification or private key. Therefore, you should realize how important it is to keep it safe. If you lose it, it is difficult to recover, therefore it is necessary to secure it as best as possible.

I must clearly emphasize this as security should be paramount and should not be taken lightly.

There are countless stories of people who have lost access to their computers (either due to carelessness or abuse) and ended up unable to recover their bitcoins or other cryptocurrency. This should be the equivalent of leaving your wallet vulnerable through pickpocketing or carelessness when out and about.

Fortunately, there is a way to doubly protect your assets. A secure hardware wallet will ensure that if you have the misfortune of losing access to your computer or tablet, etc. (by whatever means), you will have the ability to recover your Bitcoin, Ethereum, Litecoin, etc.

A hardware wallet allows you to restore your cryptocurrency on any other computer as it is basically a USB connection that you use to secure your transactions.

Second level of security.

Trezor is the original hardware wallet and is easy to set up for your Bitcoin security. There are other products available, but for the rest of this article I decided to focus primarily on the Trezor hardware wallet.

The core tenet of Trezors’ bitcoin security is zero trust.

Using the Trezor screen, you can independently verify and physically confirm each transaction directly on your device.

It also requires a pin from you every time you log in. This ensures that you are the one present at all times.

As a single purpose device, the wallet has no other functions.

Simplicity equals added security.

Trezor is no exception to the risk of malware or viruses, period. However, the fewer devices the Trezor communicates with, ie. there is no bluetooth, wifi or qr code scanning, so the simpler the communication protocol, the more secure your bitcoin security.

Also, the Trezor doesn’t have a battery. When it’s off, it’s off and your coins are safe from any cyber attacks.

I hope I have highlighted the importance of Bitcoin security. The main problems are zero trust and concrete security. Also ensure that your backup process is equally secure ie. if necessary, make sure your data is accessible to someone you specifically trust.