Hello fellow investors and influencers and welcome to our channel if you are watching our videos for the first time! I am Maura, the Last Black Unicorn from Coin Info News and I would like to take a closer look into Slothee, the World’s first Business Networking mobile app on Blockchain.
Hello fellow investors and influencers and welcome to our channel if you are watching our videos for the first time! I am Maura, the Last Black Unicorn from Coin Info News and I would like to take a closer look into EcomToken, The Gate of Cryptocurrencies to the Real Worldhttps://youtu.be/e7c1iwVPwIA
Hello fellow investors and influencers and welcome to our channel if you are watching our videos for the first time! I am Maura, the Last Black Unicorn from Coin Info News and I would like to take a closer look into Wortheum, the first DPoS based News Platform.https://www.youtube.com/watch?v=6AoAb9rMfGw
Hello fellow investors and influencers and welcome to our channel if you are watching our videos for the first time! I am Maura, the Last Black Unicorn from Coin Info News and I would like to raise awareness over a topic that might help you in this uncertain market.https://www.youtube.com/watch?v=Jr8lo7XW10M
As the crypto industry is slowly heading towards mass adoption, people become more and more interested in investing in new blockchain based projects. However, the hype around this industry fueled by those who got rich overnight came with additional risks, such as scammers and hackers that take advantage of the lack of worldwide regulations and existing loopholes. Newcomers need to be aware of the dangers that can be found in the crypto industry and be extremely careful how they choose to invest their money, especially because in the past years, so many blockchain projects sadly turned out to be scams.
If you like this video, don’t forget to hit the “Subscribe” button and press the notification bell. You can also join our “Telegram channel” https://t.me/CoinInfoNews and keep up with the latest news about blockchain and cryptocurrency!
Hello fellow investors and influencers and welcome to our channel if you are watching our videos for the first time! I am Maura, the Last Black Unicorn from Coin Info News and I would like to help you better understand a few terms that you’ve probably heard about in the past months.https://www.youtube.com/watch?v=mgKR_j4O8zE
The crypto industry has experienced a few changes in the past year that enabled the emergence of new methods to support new blockchain projects. Thus, projects undergoing ICO (Initial Coin Offering), STO (Security Token Offering) and IEO (Initial Exchange Offering) are gaining more exposure in the industry.
If you like this video, don’t forget to hit the “Subscribe” button and press the notification bell. You can also join our “Telegram channel” https://t.me/CoinInfoNews and keep up with the latest news about blockchain and cryptocurrency!
In this fast changing time, technologies such as Blockchain have completely changed the face of the tech industry. There is a high demand for people with the skill set of this emerging technology.
According to the Upwork report, the growth of Blockchain technology has raised to 2000% for the three consecutive quarters. Companies and big startups are looking for people with the skills and experience of Blockchain technology.
With this rapid emergence of these technologies, Blockchain has received endorsements from the global leaders of the tech industry, and the rising entrepreneurs. There is a high scope of Blockchain jobs and careers in the present day world and future.
This article highlights the career dynamics in blockchain technology and how what you should know about this.
Diverse Career Option in Blockchain
Blockchain, which was first developed to account for Bitcoin, is one of the most emerging technologies today. It is a new job career path which is as innovative and experimental as the technology itself.
There are diverse career options in the blockchain tech field one could opt for. Here are the top Blockchain Jobs and Careers you should know about.1. Blockchain Developer
The boom in the blockchain has led to the high demand for the role of Blockchain developer. The people with the skill set of blockchain developing programming can make handsome money both as a freelancer or full-time employee of any company.
Proficiency in mathematics and algorithms, C++, Java, HTML, and Github are important for this role. The technical role skills requirements include Solidity, Go language, AJAX, SQL, XML, JQuery which is very useful for executing an agreement called smart contracts. They have the expertise to help the companies and the startups to develop blockchain platforms.2. Entry level Blockchain jobs
For the people who have just stepped in this industry, there are ample of entry-level blockchain jobs. People with skills in HTML, Solidity, Java, Truffle, Go Restful, NodeJS, and C++ have high chances of getting a good job in this industry.
The companies are in the phase of distributed ledger technology (DLT.), so these positions require developing pilots. The pay of the entry level blockchain jobs is expected to be 15 to 30 USD per hour, which is not as high as of other blockchain professionals, but quite good for starting out.3. Blockchain Quality Engineer
The responsibilities of Blockchain Quality engineer is to test and ensure the quality of the areas in the blockchain environment. They have the specialty of testing and automation in different frameworks for blockchain.
The block quality engineers develop quality standards and also devise strategies for the testing of load performance. To apply for this role, a candidate with an engineering degree should be well-versed with the basics of environment and testing standards.4. Blockchain Product Manager
Project Manager is the one who is responsible for the success and the failure of any project. They are the intermediary between the business professionals and the blockchain developers.
The job of the Blockchain project manager is to handle all the business needs. He will be the person who connects a tech person with the non-tech one. So, he must have strong managerial skills. The person applying for this job role should be capable of converting technical terms into simple language and should have strong communication skills with the complete knowledge of the blockchain industry.5. Blockchain Web Designer
The blockchain is now expanding to a variety of industries. Many businesses are turning towards blockchain for the payment process, so there is a high need for customer-centric websites to let the customers know about what the businesses offer and how they can get benefited with their services.
For a career as Blockchain designer, one should have knowledge of HTML, CSS, Java and various designing tools like Sketch, Illustrator, PS, Figma etc. These websites should work on both desktop and mobile web applications.6. Blockchain Legal Consultant
The blockchain is a new industry, so there are many legal challenges involved in the business. This means there are great career options for legal consultants. They advise people on how to put money in initial coin offering, how to build legal partnerships and contracts and much more.
A person applying for this job role should have complete knowledge of blockchain technology and a law degree to make understand the business owners about the legal terms.7. The rise of Freelance and Middle Management Jobs
Large companies are planning to boost their middle management as they focus on Big Data, blockchain technologies.
Blockchain technology is the hottest skill in the freelancing world today. It has been growing more than 6000% from the last year and will continue to emerge according to the Upwork report.
A blockchain freelancer earns an average rate of $65 per hour which can be as high as $250 per hour.
Blockchain Technology Skills You Should Know AboutThe skills required for making a career in the Blockchain industry differs as per the job title. Some of the common skills set for the blockchain market which you must know are:
- Knowledge of Computer Science background
A computer science degree or similar qualification with the technical environment is the important requisite for the blockchain market. This will help you in better understanding and work in the world of technologies.
- Basics of Blockchain Technology
If you want to make a career in the blockchain world, then you should have comprehensive knowledge of the basics of blockchain programming along with smart contracts, cryptocurrency etc.
- Knowledge of Data structure and cryptography
As security is the primary concern of the booming blockchain industry, so, you must know about the basics of the data structure and data security.
- Expertise in C++, Solidity and various programming languages
You must be proficient in writing and understanding of the coding in the blockchain development environment. You should have knowledge of C++, Solidity and various programming languages.
From education to real estate and supply chain to healthcare, the blockchain is used in all the spheres. When skilled people join these industries, the power and true potential of the technology gets amplified.
If you have the skills then what to wait for. Step into the arena of the blockchain industry and enjoy a bright future.
Aarif Habeeb is a content writer and an SEO expert in Jaipur. He is a Founder of SEOTrainingClasses – provide SEO Training in Jaipur. He is responsible for brand-building via content and social media for his agency. His success lies within his originality and hands on experience in editing and writing. Aarif lives in Jaipur and loves his early morning filter coffee, dessert gazing and reading newspapers. Follow him on Twitter and LinkedIn.
Blockchain applications are developed widely today and we will discuss the tools required for testing blockchain applications in this blog.
In 2008, a person came with a mask of anonymity and unleashed a powerful tool into the world: Bitcoin. Or rather, Cryptocurrency in general. It was met with raised eyebrows and suspicion.
Ten years down the line and thousands of other cryptocurrencies later, the buyer of bitcoins made gold mines out of it and when this was publicised, the frenzy began and the common man’s obsession began.People dug deeper into the technology behind bitcoins and found out a new treasure trove - ‘blockchain’ technology.
Huge amounts of money is being drained by companies worldwide into harnessing blockchain technologies into main line business world.Blockchain applications are developed these days to serve many purposes, ranging from contracts to notaries and bookkeeping. As with software development, blockchain development also need testing.In this blog, we shall discuss about the tools required for testing Blockchain Applications.Key Testing Types 1. Functional testing This includes the evaluation of the functional parts of a blockchain, like smart contracts.2. API testing
API tests interaction between the applications in the blockchain ecosystem. The tester also ensures that API requests and replies are handled properly.3. Performance testing
Any bottlenecks or lags in performance are identified and methods for fine tuning the system suggested and reviews are given if the application is ready for launching.4. Node testing
All the heterogeneous nodes in the network are tested independently to ensure smooth co- operation between the nodes.
Agile practices are followed in testing blockchain applications., out of which the shift left approach to testing is fast gaining popularity. A series of tests are carried out as early as possible in the development cycle so that occurrence of defects can be minimised which could otherwise pop up in the later stages of application development when it can affect the business in a much more grave manner.Blockchain testing tools
- Ethereum Tester
Ethereum is the most widely used platform for developing blockchain applications and testing them. Ethereum tester is API, Web3 Integration, backend, smart contracts and several other blockchain tests.
- Ganache (previously TestRPC)
This testing tool is used to test Ethereum contracts locally. A stimulated blockchain is created which allows anyone to use various accounts for testing. The results will be satisfactory, but not completely perfect since the testing results are obtained from a simulation and not a live event.
- Hyperledger Composer
This tool is beneficial for testing blockchain features before they are launched. The main areas of application are interactive, automated system and automated unit testing.
- Exonum Testkit
Exonum Testkit tests the operation of the entire service . it enables the testing of API, transaction execution in the synchronous system devoid of the involvement of network operation and consensus algorithm.
There are various other tools in the blockchain environment include BitcoinJ, Corda Testing Tools, Manticore, Populus and many more.
Testing of blockchain ensures that there are no defects in decentralised ledger. The selection of the right type of blockchain testing tools would depend upon your development strategy and the types of tests that your app would need for smooth functioning.
Author Bio - I am a Senior Content Writer at Infinite Open Source Solutions, one of the leading direct selling software companies in India. I am a voracious reader and enjoy a broad spectrum of subjects ranging from romance and fiction to the latest technology. My one of the well known blog is - https://infinitemlmsoftware.com/blog/top-10-inspiring-mlm-success-stories You can connect with me at email, firstname.lastname@example.org or on the website https://ioss.in
If you are a U.S. resident that invested in Bitcoin or other cryptocurrencies in 2017, you may have recently received a tax document from the trading platform or cryptocurrency exchange you use and may need to pay taxes. While there is currently very little guidance on the taxation of cryptocurrency, one thing is clearly defined. The Internal Revenue Service (IRS) views cryptocurrency as property for tax purposes. That means you likely received a tax document because you either experienced a capital gain on that virtual investment in 2017 or received cryptocurrency as compensation, which is seen as ordinary income to the IRS.
For practical purposes, the IRS has issued guidance defining cryptocurrency such as Bitcoin and Ethereum as virtual currencies. This guidance is subject to interpretation, but for most people the main things to consider from a tax perspective are:
- How long you held your Bitcoin or other cryptocurrencies from purchase to sale? If held for less than a year, any profit may be liable for short-term capital gains tax. If held for longer than a year, any profit may be liable for long-term capital gains tax.
- What is your tax filing status and taxable income? That will determine your tax bracket and the tax rate on any Bitcoin profits.
- What is your state tax rate? That will determine how much you may owe in state taxes.
Bitcoin Tax Calculator Instructions
Part 1: Enter Your Personal DetailsStep 1: Select the tax year you would like to calculate your estimated taxes.Step 2: Select your tax filing status.Step 3: Enter your taxable income excluding any profit from Bitcoin sales. For most people, this is the same as adjusted gross income (AGI).Step 4: Enter your state’s tax rate.
Part 2: For each Bitcoin sale within a tax yearStep 1: Enter the purchase date and purchase price. The purchase date can be any time up to December 31st of the tax year selected.Step 2: Enter the sale date and sale price. Make sure the sale date is within the tax year selected.Step 3: Repeat for all Bitcoin or cryptocurrency sales within the tax year selected.
Example Bitcoin Tax SituationThis example calculates estimated taxes for the 2018 tax year for a person that made two sales. All values are in USD.Person A Tax and Finance Details2018 Taxable income – 80,0002018 Filing Status – Single2018 State tax rate – 5%Transaction #1On Feb. 1, 2018, Person A sold Bitcoin for a total of $10,000. That Bitcoin was previously purchased on June 1, 2017 for $5,000. Since it was held for less than a year, the $5,000 profit is subject to short-term capital gains tax rates. Based on Person A’s filing status and income, the taxes are calculated as follows:
- The first $2,500 in profit is taxed at the 22 percent federal tax rate.
- The remaining $2,500 is taxed at the 24 percent federal tax rate.
- The entire $5,000 taxed at the 5 percent state tax rate.
- The entire $7,000 is taxed at the 15 percent long-term capital gains tax rate.
- The entire $7,000 is taxed at the 5 percent state tax bracket.
Article written by TaxAct
Universal Games Token, a platform for creating and supporting game projects using Blockchain technologies
Since the first eSports tournament organized in 1980, known as "The Space Invaders Championship" that had 10 000 participants and received widespread media attention, the video game industry started to become more and more popular. When the '90s came around with the world wide web and mass adoption of PCs in households, the internet started to connect gamers from all over the world.
The emergence of Video Games Tournaments
When Starcraft came out in 1998, it was just a matter of time until it was considered a national eSport in South Korea, where it had an active professional competition circuit. At the turn of the millennium, major international tournaments such as the World Cyber Games and the Electronic Sports World Cup were launched, followed by the Major League Gaming (MLG) in 2002, being the current largest esports league today as well as the most generous in prize money awarded. In the later of the decade, the rise of Defence of the Ancients (Dota), a mod originating from Warcraft 3: Reign of Chaos, would result in the true birth of the MOBA genre. Now popular games such as League of Legends continue on the MOBA formula and have huge followings as well as players on a daily basis. Not to mention the hyper around Counter Strike 1.6, that later moved to Counter Strike: Global Offensive (CS:GO).
Rise of the eSports
In 2017, the total eSports prize money awarded out amounted to $110.6 million from a total of 3765 tournaments according to the esportsearnings.com website. The biggest prize pool from a single tournament was $24.6 million at The International 2017. Aside from this, the video game industry alone could be worth nearly $138 billion by the end of 2018, as technology expands with video content products, virtual reality, special events and video game tournaments. Aside from the buy-to-play and pay-to-play revenues, users also make in-game purchases to improve their gaming experience. In the near future, the video game industry is expected to grow even further, thanks to its huge fan base, influencers and streamers.
When Video Games and Blockchain Industries Collide
The fast development of the blockchain industry has opened many doors that allow us to build a better alternative to existing products on the virtual world. The secure and transparent environment provided to us by this technological breakthrough allows us to build things like never before and take existing industries one step forward towards their evolution. Projects build on top of the blockchain technology greatly simplify our lives by providing modern solutions to rusty technologies and old problems. Here is where Universal Games Token comes into place by bringing together two powerful industries: video games and blockchain.
What is Universal Games Token?
According to their White Paper, Universal Games Token will develop tools that enable game publishers, game servers, and communities to manage virtual goods and in-game items across multiple platforms. Monetization using UGT will be a key focus with robust features and toolsets provided. Great benefits will be gained by utilizing a decentralized platform and the supporting frameworks.
Revolutionizing the Video Games Industry
Universal Games Token (UGT) comes with a modern approach to aid all parties involved in the gaming process. In the context of a growing market, where users purchase in-game currency they can later use for in-game purchases, UGT comes with an innovative universal solution for existing games. Users can buy and sell items without the risk of fraud and trade between gaming items from different games. UGT can be bought, sold or earned by completing certain task and you can explore all the benefits provided by the blockchain technology in their White Paper.
Universal Games Token will be adopted by three existing games on the market, with a strong community of users built around them. As the project advances, there will be more and more adopters over time. They will replace their in-game digital currency with UGT Tokens, thus ensuring the stability of the token.
MarketGlory is in a unique position because of our large existing user-base. The game is not merely a strategy game, it encompasses entrepreneurship, social, political and military abilities in a unique user experience.
GoalTycoon is an online football manager game playable on your browser from wherever you are. In it, you can manage your own football team and upgrade your stadium and other club related buildings for more benefits for your team.
Cave to Kingdom
CaveToKingdom is a unique approach to strategy gaming. The game comes in the client version and it is a 3D mass-online strategy game that everyone can enjoy.
The player starts as a Prince or Princess who manages to escape from the clutches of the cruel powers invading the Kingdom. The only help are two servants that have sworn to obey and protect the player and what he stands for.
Universal Games Token is built on top of Ethereum, using Geth. The use of blockchain technology enables transparent transactions, without fraud, chargebacks or cancellations. There will be minimal fees for blockchain transactions and no commission fees. Users will have access to a smart wallet for easy automatic payment. Users can also prove ownership of items by showing them off in website widgets/wallets.https://www.youtube.com/watch?v=vyxi5JdmSco
Universal Games Token is a solid project that comes with modern solutions to bring the video games industry to the next level. The layer of trust provided by the usage of the blockchain technology and the existing demand in the form of three early adopters will slowly encourage more video games to adopt Universal Games Token and the success of this amazing project will have its role in the worldwide mass-adoption of cryptocurrencies.
You can find more about Universal Games Token on their website: https://universal.gamestoken.io
Since the emergence of Bitcoin a decade ago, the crypto world has grown into an entire industry, enabling the emergence of multiple products and services around it. New projects built on top of the blockchain technology that are currently undergoing ICO (Initial Coin Offering) or STO (Security Token Offering) have found a really popular method to promote their ventures: airdrops.
What is a Crypto Airdrop?
At an Initial Coin Offering (ICO) or Security Token Offering (STO), marketing plays a crucial role for the good success of it as it allows to highlight and give visibility to a new project.
This new mode of advertising is much less expensive than a classic advertisement since the ICO pays its own tokens, which ultimately will have values only if the latter actually sees the light of day.We can then classify airdrops into 3 distinct categories:
1) Tokens from a Fork that is vulgarly the creation of a new currency after a blockchain has split in two. Example: The Bitcoin Fork on August 1, 2017 gave birth to Bitcoin cash with a ratio of 1: 1.
2) The SNAPSHOT which consist of a free distribution of a cryptocurrency with a predefined ratio provided that it has beforehand another cryptocurrency.Example: The IGNIS snapshot for NXT holders that took place on December 28, 2017 with the ratio of 2: 1.
3) The "classic" Airdrop, the one we know best and which we will treat in this article. It consists of a free donation of a crypto in order to increase its visibility and notoriety.
Airdrops are a popular method for cryptocurrency ventures to promote their projects and raise awareness among crypto enthusiasts by distributing cryptocurrency tokens to their wallets free of charge. However, they usually require their users to perform a number of tasks in exchange for their tokens, such as liking, sharing, following or commenting on their projects social media accounts. Airdrops are usually not organic growth and do create a powerful buzz on a project to create a community and reach social credibility.
For users performing the tasks; it is a great way to get free tokens and potential free gem. This year; a couple of airdrops have been solved over 200$. There is even one that has been sold over 2000$.
Why only make quality Airdrops?Every day, there are new airdrops. as you can see in the chart above, their numbers have increased dramatically in less than a year.
The new ICOs understood that marketing was essential to get some visibility among so many new projects.
The problem is that many of them are just simple SCAMs that only want to attract new investors to better steal them.
It is important to warn airdropers who wish to claim tokens at any cost via any airdrops. Indeed, a certain number of them, to say a lot, are pure SCAMs which, in the best case, will not pay you any token.
But let's go deeper into the thinking, often the ICOs at their airdrop ask you a certain number of tasks that can go simple Like on their social networking page, provide your email address, pass a KYC or download Application or Wallet.
If you participate in an airdrop SCAM, you will give your email address that will surely be used inappropriately (resale, pishing etc).
Worse still if you do a KYC, which is to prove your identity by submitting a passport or identity card; and in this case you do not know what will be the use (fraudulent) that can be made of it.
Last risk example and that of third-party application download or wallet that can be requested via an airdrop. While ICOs are verified and quality safe, those less honest can cost you dearly. All you need is a well-placed malware to infect your computer and give access to an unscrupulous person to your computer and the files on it and why not, steal your username and password to robe your crypto-currencies or personal data.
Using the Airdropers.io website, a team is entirely dedicated to the research work, with the slogan "Quality over quantity".
The Problem: Detect Quality and Reject ScamsOne of the biggest problems with Airdrops is connected to the fact that a lot of new projects are later proved to be SCAMs and they are using the user base of crypto enthusiasts to raise their awareness. Another problem is that some airdrops never pay for the tasks and just use their users to increase their social channels for free. For a common person; performing a due diligence on every airdrop and project is time consuming; requires good english understanding and finally; require a minimum of knowledge on how to detect red flags and good potential projects.
Fortunately, as a response to the existing problems, come trusted Airdrop platforms built organically by crypto enthusiasts that choose to provide only quality, valuable and verified projects among their users. Airdropers.io performs a heavy due diligence on every airdrop. They check the entire team on LinkedIn, they read the WhitePaper and have a set of criteria to look for red flags in it, they check the website and more importantly, they make sure that the airdrop is official and announced on official Telegram channels or Twitter/Facebook. When they do not have all the required information, they ask the official admin mainly in telegram to provide all required details. If the admin does not provided the required information, they reject to promote their Airdrop. Because they value their users, they only share valuable airdrops. Airdropers.io is proud of their quality and are presenting statistics of their work. They analysed 2669 Airdrops during last 9 months but are have published only 12.9%
They are also sharing; on a daily basis there reject on https://airdropers.io/en/airdrops-rejected so every user can keep a track on every new airdrop.
( Finally; they are one of the very first airdrop platform to offer a personal Dashboard so every user can keep a track on what they do and which airdrop is received.
The Airdropers.io platform is an all-in-one quality tool and saves a lot of time for people who want to earn free tokens by participating in various airdrops campaigns.
They are one of the very first airdrop platform to offer a personal Dashboard so every user can keep a track on what they do and which airdrop is received
In addition to quality, they have implemented a system that allows you to track the airdrops you make; this system informs you of the sending of tokens by the ICO and therefore of the reception of these on your wallet address.
It is more than useful since the groups to join on Telegram are limited to a certain numbers. So you know when you can also leave the groups you have joined to get his tokens and have room for new airdrops.
Airdropers currently share their airdrops on their Telegram group @airdropers_io and the french version @airdropfrenchies, where a big community of active users have gathered, united by the desire to participate in quality Airdrops and discover interesting projects. To raise awareness of the Airdrops they promote, aside from their groups and social channels, their Airdrops are shared by partner channels such as Airdropalert.
Last but not least, the Airdropers.io team offers its users the opportunity, once registered on the platform, to enter their referral link and thus easily get more tokens.
Indeed, each page load, the link used for referral of airdrops change; the users have 50% to have one of the community member link taken.
Each member has an equal chance to get there link used.
In the other hand, airdropers.io has 50% to have his referral link taken.
The Airdropers team is proud to be able to share with its users the tokens possible gains thanks to airdrops.
Bitcoin has always been one of the more volatile topics of discussion. That is partly because of a lack of understanding of how it operates, its benefits, weaknesses and how to overcome them. Even so, it is impossible to quell everyone’s doubts when it comes to cryptocurrency, and especially Bitcoin.
One of the most controversial points of focus for Bitcoin is its security. Overall, the majority of people agree that Bitcoin offers significant protection and privacy. Unfortunately, due to the solidity of its security, there are those who claim that the protection provided is absolute – a statement that is very misleading. In truth, even Bitcoin has its shortcomings when it comes to security. Through this article, we have explored the ins and outs of Bitcoin security.
Although the blockchain is said to be hack-proof, the same cannot be said for user accounts. To use Bitcoin, you need an account, and for that, you need to register for a Bitcoin wallet. Each wallet is tied to a Bitcoin address, which is what is used to identify an account. This is a potential vulnerability.
Additionally, every Bitcoin wallet has a private key, which is used to access the wallet. Without the private key, it would be impossible to access one’s account. That is why hackers often tend to target the account holder. If a hacker takes over your private key, then you lose your account and your Bitcoin. This is why the wallet and private key are considered to be Bitcoin’s most significant weaknesses. So, what steps can one take to overcome such shortcomings?
Solutions to Bitcoin's security shortcomings
Cybersecurity lies at the root of the problem and can very well be the best solution. Although Bitcoin is said to be anonymous, it is still possible to trace a Bitcoin address back to you. The easiest way is by taking advantage of one’s IP address and using it to identify the device and location of the owner.
However, with that in mind, you can use a VPN to hide your IP address, assign a different IP address to your devices and encrypt your network traffic. To increase the effect of the VPN even further, you should use Tor over VPN, which reinforces the privacy, security, and anonymity afforded by both Tor and VPN.
Besides that, you should install an antivirus to scan your device and eliminate malware. Malware can be used by hackers to gather or manipulate information on your device. For instance, keyloggers can be used to track and record your keystrokes, thereby gathering information about your private key.
Protect your private key
Hackers often target your private key, so protecting your key already mitigates security risks significantly. Ideally, you should store the private key in an encrypted digital folder from where you can use the convenience of copy and paste. Doing so allows you the convenience of not having to type in the characters, which reduces the risk of theft of your private key through keyloggers.
Obscure your transactions
From a logical standpoint, if a hacker doesn’t have your address, then they can’t put in the effort to steal your private key. Unfortunately, hackers use numerous means to gather Bitcoin addresses such as stealing information from trade websites. That is why it is essential to obscure your transactions. There are various ways to hide your Bitcoin transactions, and the choice ultimately depends on your circumstances. For instance, you could use an online wallet, which doesn’t assign an address to every user. In case you already have an address, then you could exchange your Bitcoin with someone you trust and use your traded funds for your transactions, although this lowers the security.
Additionally, you might consider Altcoin and Coinjoin. The former provides a way to exchange your Bitcoin for Fiat currency securely, while the latter allows you to join hands with multiple other Bitcoin users and pull your resources together for your transactions. By pooling your resources together with various parties, a hacker cannot tell one transaction from the other.
Bitcoin provides users with a numerous security advantage. However, you shouldn’t assume that there are no weaknesses in Bitcoin security. Nevertheless, with a clear understanding of these shortcomings, it is easy to prepare effective countermeasures. With the countermeasures in place, Bitcoin becomes one of the most secure financial options available.
- Jeff Anderson
Hello everyone! I’m Maura, the Last Black Unicorn from Coin Info News and today we are here with a very special guest: VJ Angelo, the CEO of Crypto Index!https://www.youtube.com/watch?v=GtWa052gWLI
Cryptoindex is an exciting new AI-powered platform built to, essentially, predict the next Bitcoin. It accomplishes this through the creation of a cryptocurrency market benchmark known as the Cryptoindex100, which utilizes a one-of-a-kind Zorax algorithm to create a fully-automated index — calculated from a plethora of data imports and sources. With Cryptoindex, each coin is constantly revalued via a feed of neural networks, removing human bias and emotion from the equation entirely.Find out more: https://cryptoindex.io