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It’s About Time Cryptocurrencies Had a Proper Meta-Exchange - Global Coin Report
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It’s About Time Cryptocurrencies Had a Proper Meta-Exchange

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Eduardo Tió Gómez

There are many culprits to the cryptocurrencies current bearish season. From fork shenanigans to controversial stablecoins, everyone seems to have an explanation. However, one factor both experts and enthusiasts agree upon is that the cryptocurrency space is not user-friendly enough for mass adoption. It’s filled with clumsy interactions on too many different services with steep learning curves.

Better options are already available. Since last year, a new cryptocurrency exchange aggregator named CoinSwitch is helping users convert more than 400 currencies across 45,000 pairings. It may well be one of the first components of what is now called Web 3.0: A layer of blockchain-powered applications that make all the complicated blockchain infrastructure easy and accessible to everyday users.

For Everyday Users

Most people lack the time to get familiar with every separate service or cumbersome platform. It’s easy to feel uneasy when using an unknown exchange for the first time. Some have uncomfortable policies or become inconveniently glitchy when it’s time to withdraw funds. To say nothing about liquidity issues.

CoinSwitch lays the whole market at its users’ feet. They can count on it as a meta-exchange where they find the best deals on the market in a single place. The top-rated service scrapes data from every major exchange to give users the widest set of options for their transactions. These include IDEX, Bittrex, Bitfinex, Okex, KuCoin, and Cryptopia.

There is also no need to trust a third-party wallet service. CoinSwitch allows anyone to convert their holdings directly and anonymously from the safety of their own wallets. They don’t even need an account. Users only need to use a seamless conversion transaction that works even from hardware wallets like Trezor.

CoinSwitch’s service is free of charge on most transactions. Over three-quarters of the listed exchanges do not charge CoinSwitch users anything extra. Others only collect a minimal 0.49% fee, at most.

For Businesses

Everyday users are not the only ones who benefit from using CoinSwitch. Besides hardware wallet integrations, the service’s API is already used by countless other blockchain projects. Gaming sites like Stake.com and Bearescape.io use it to offer users an easy and secure way to recharge their accounts. Likewise, CoinSwitch is launching a payment gateway where merchants can accept over 300 cryptocurrencies.

Already influential in the APAC region, the Bangalore-based startup has attracted funding from prestigious firms such as Silicon Valley’s Sequoia Capital. CoinSwitch is founded by a team of professionals stemming from Amazon, Microsoft, and Zynga, who succeeded in building the cryptocurrency exchange aggregator that serves the highest number of daily transactions.

For the Blockchain Community

The startup is also engaged with the community of blockchain entrepreneurs and developers at large. CoinSwitch offers a customized cryptocurrency exchange that can be quickly embedded in any website, with no need to code a single line. Projects like Skycoin, Gobyte, Komodo, and Reddcoin have already taken advantage of this feature.

Services like CoinSwitch are providing the foundation for a more accessible and user-friendly cryptosphere. One that is ready for mass adoption.

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Is it legal to gamble in Bitcoin casino?

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Bitcoin casino
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Bitcoin entered the world in 2009 and immediately begun a revolution on the cryptocurrency market. Presently, there are more than 700 different digital currencies, but Bitcoin still remains the most used one. However, despite the large business activity around Bitcoin, there is still no international legal law to regulate it.

Key facts on Legality in Bitcoin casinos

Laws and obligations concerning online gambling legislation vary from country to country. There are many jurisdictions that can issue gambling licenses to online casinos. But, these licenses are issued only after the online casino business meets the requirements of the chosen jurisdiction.

The necessity of Gambling License for Bitcoin casinos

In order to make it clean and clear, a reliable online casino will obtain an online gambling license. Among other things, it allows running a legal activity and assures the casino operator’s trustworthy behavior, fair gaming policy and transparency in business operations and gaming software offered to customers. A representative of this kind of casino, such as FortuneJack for example, will have good reviews and reputation, and stable business that is constantly growing and expanding throughout the years. You can also feel the stability by checking the website, and important details such as casino withdrawal time and the number of games offered for playing, as you can examine on Fortunejack.

There is a difference between Bitcoin and Bitcoin gambling legality. There are countries…

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How to Reach 100% Security of Online Transactions?

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security of online transactions
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The use of the global network for e-commerce operations requires ensuring an adequate level of security for all financial transactions carried out online. Each payment system uses the most convenient methods based on its capabilities and technical specifications. However, this doesn’t mean that you should only trust the system without adhering to general safety rules. For example, using ExpressVPN vs NordVPN or performing e-commerce operations or online trading in private networks will be a very good idea.

Online Security as It Is

The concept of information security means its resistance to accidental or deliberate impacts, the inadmissibility of destruction, distortion or disclosure to third parties, which can lead to material damage to the information owner. Here are some of the basic requirements that are to be adhered to:

  • Confidentiality – protection of information from unauthorized access is often provided by data encryption – conversion of text data into digital form, which can not be read without a special algorithm and a key;
  • Authentication – unique identification of the user. This often uses a login (domain name) and password, as well as additional confirmation, including one-time passwords or secret codes that are printed in a single copy for a given user password;
  • EDS – for the best data protection, electronic digital signatures (EDS) are used, which unambiguously determine that this information was received from a particular person who…
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Is Unification (UND) XRP 2.0? IEO April 10th at UTC+8 on Bitforex!

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Unification
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Unification is a Hybrid blockchain solution for Enterprise. Above is my interview with CEO Neyma Jahan I explore what is Unification, how does a WRKchain actually work and why is this something people will quickly adopt. What is a really telling story here is that this is one of the few ICO/IEO/ITO etc… that actually is revenue positive which I honestly could not think of many others that were?

Neyma and team come from a background in real business, and they are focused on bringing blockchain adoption to the next level. They decided to go with the WRKchain or better known by some as a permissioned sidechain so that nodes can work together even if they do not like each other.

An example:

In education, we have tons of issues with plagiarism in universities and several, miss this and people write half copied thesis papers and get away with it. Imagine now for papers across Ivy league to Community colleges a system where professors come to a consensus about papers. Now also think of it this way those professors reading this paper all must read it, evaluate it, and come to a consensus. This will take out the professor knowing that student and give an honest overall evaluation. So each professor is basically a node. Then for each paper, there would be…

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