Is Cryptocurrency the Future of Online Trade?

Cryptocurrencies stepped into the world as a means to move away from conventional ways of doing business. Not that having the intricate financial system carry out transactions was a bad thing. It was just rather slow, and a more reliable way to do business across borders was necessary. Of course, things haven’t changed much ever since. The financial system is still very much intact, and crypto assets, while popular, are still scrambling for purchase.

How likely is it, though, to see crypto money replace our well-established ways of doing business? The answer lies in asking ourselves what we understand about cryptocurrencies.

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Why Investing In Bitcoin And Ethereum Are Beneficial At This Time?

The year 2018 is almost halfway done and in that time it has brought a significant growth in the market of cryptocurrency. The market growth has been beneficial for many investors who invested in many prominent cryptocurrencies. But the growth of cryptocurrency market was short-lived and since May 2018, the market dropped nearly 18% and has been quivering since last week. The cryptocurrencies that were stable during this market fluctuation were Bitcoin and Ethereum.

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Crypto and Cannabis – A Match Made in Hemp Heaven

Cannabis finally saw recreational legalization in 2014, with Colorado leading the charge. Since then, we’ve had nine more U.S. states follow, not to mention the 29 states that have legalized medicinal usage.

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White Label Cryptocurrency Exchange as a Service

White label products have long been a mainstay in the business world. White label solutions enable companies to use the technology and services of another company for offering services, under their own brand name, to their clients without having to invest in creating the technology and infrastructure themselves.

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How Blockchain Can Help Improve the US Elections System

As a man of color, it does not escape me how important it is for me to cast my vote each election cycle.

However, voting has been a tricky topic in the U.S. from voter fraud, access to polls and gerrymandering.

This is where blockchain can step in to provide transparency and access to a system that has yet to go through a major modernization.

In this article, I will touch on three areas where blockchain can help improve our electoral process.

#1 – Time to Vote

A big challenge facing voters over 50 years ago when Lyndon B. Johnson signed the Voting rights act of 1965 still plagues us today.

When I say time, I literally mean just that – time.

There was study conducted by the U.S. Census Bureau in 2012 for the presidential election which showed only 48% of households with income under $20,000 voted, while 78% of households over $475,000 cast their ballots.

Do wealthier people care more about the country?

Should the citizens facing real financial hardship display more passion for change?

These are all logical questions, that unfortunately are not so simply answered and display a lack of understanding for the challenges faced by millions of hard working Americans every day.

We hold our elections on Tuesdays, which is right in the middle of the work week. If you are an hourly worker, you do not have the luxury of losing pay as you are already barely holding things together.

Also, the cost to get to and from the polls could create additional hardship.

This is where Blockchain comes in to help.

Blockchain could offer the voters the ability to cast their vote on their way to work, at work or on their way home.

Sounds far fetch? Well Spain-headquartered Santander became the first company to use blockchain technology for investor reporting on May 17th.

Why should we allow people the right to vote remotely, well over 28% of households that did not vote stated that voting taking place on Tuesday prevents them from hitting the polls.

This 28% represents millions of unheard voices.

#2 – Voter ID requirements

Voting ID laws have been on the books since the 1950s. However, the laws were less about a picture ID and only required voters to have any document with their name included.

This has now progressed into a full blown political issue to fight potential voter fraud, while study after study has shown this fraud cry is greatly exaggerated.

However, regardless of what side of the aisle you are on, voting integrity is paramount to our democracy.

Again, blockchain to the rescue.

There are multiple methods to address this issue, such as the great work by the Learning Machine and the MIT Media Lab who are working on a collaborative project to issue official records using blockchain.

These official records could range from certificates to proof of membership.

The great thing is the technology could allow state and local agencies the ability to provide voting credentials.

Best of all, the credential could be delivered to you directly via a mobile app.

The creation and delivery of these credentials would be a fraction of the costs required to obtain voter identification cards.

A Harvard study concluded the expenses for documentation, travel and waiting time to obtain the card could range from $75 to $175 dollars. Again, remember these are households making less than $20,000 per year.

Blockchain could solve both the voter fraud concern and the lack of access many minority groups have raised concerns about in recent years.

#3 –Turnout

Turnout for Presidential elections in the U.S. has historically peaked at the 60% level and bottoms around 50%. This range has been in place since 1916.

More alarming, mid-term election turnout in 2014 hit a 70-year low of 35.9%.

How do we increase the turnout?

Building upon the ability of blockchain to authenticate your credentials, you could use the same valid account to cast your vote remotely.

The folks over at Follow My Vote are truly doing God’s work.

Their system is built using blockchain technology and not only allows you to cast your vote, but also follow that vote through the entire submission and tabulation process.

No longer do you have to sit and wonder if your electronic submission or voting punch card safely made it to its destination.

No longer do you have to guess if the local voting center properly counted and reported your results.

While I love humans, some things are best when we remove ourselves from the equation.

In Summary

We have the process, people and technology with blockchain’s help to make a real difference in our democracy. Regardless of your party affiliation, let’s strive to reach a place where every vote counts.

Al Hill

Co-Founder, Tradingsim.com

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10 Big Industries Blockchain Could Transform

Blockchain, the technology underlying the cryptocurrencies has become the new go-to technology by governments and institutions all over the globe. Most Commonly associated with Bitcoin among other cryptocurrencies, these might showcase the widely known use of this technology. However, today blockchain technology is revolutionizing almost every other sector. Let’s take a look at those industries:

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Must Know Tips for Crypto-Coin Trading

Since the discovery of cryptocurrency, there has been the trend of investing in them. As the investors started making profits, more investors started investing in the cryptocurrency. Gradually the crypto-coin trading became a well-established business. Several rookies and veteran investors started with the best in the market, “The Bitcoin”. Even with massive success, investors made several mistakes along the way that affected their investment.

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STELLAR Altcoin Price Predictions FOR 2018

The high volatility of the crypto market was once again demonstrated at the end of 2017. The market has gone through many ups and downs testing investors’ confidence in cryptocurrencies. Stellar proved to be a strong competitor to older and well-established cryptocurrencies and its development raises expectations among the crypto-community.

Although it is hard to make forecasts in such an unstable environment as the crypto market is, we offer you some plausible Stellar price predictions for 2018.

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Cryptocurrency Liquidity – A Big Problem for Decentralized Trading Platforms

The concept of liquidity is unique and has many angles to it. In layman’s term, an asset is liquid when it holds the potency to be converted into cash on demand. Another angle says that when you are able to buy or sell an asset at a decent price.

Liquidity of an asset implies that it doesn’t have discounts or premiums appended to it during buying and selling and it is really simple to enter and exit the asset. It is a known fact that the product which is traded more (sold and bought) doesn’t have attached premiums or discounts. The frequency of buying and selling decides the worthiness of the item.

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Limitlex: Making the Crypto Market Smart

The cryptocurrency trading market was so robust in the past 2 years that simply putting money into an exchange was usually enough to ensure returns.

This popularity made crypto trading a household name, with everyone wanting to get a piece of the action. The result is a saturated market with countless strategies and currencies to choose from.

This is where Limitlex steps in: a smart, intuitive platform offering both beginners and experts the trading mechanisms they need to expand their portfolio like never before. 2018 is the year when Limitlex makes the crypto trading market smart.

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