Monero vs Bitcoin

Monero vs Bitcoin

We live in an age where we spend most of our time online and privacy becomes the biggest issue in this age. Right here Monero comes to act and ensures privacy for the people.

Monero is yet another cryptocurrency that focuses on the privacy of transaction while doing it anonymously, one can do this sitting anywhere in the world. Monero uses “CryptoNote” which is a strong privacy control protocol. Using this protocol Monero has proved itself to the world by keeping the transaction away from the prying eyes.

How does Monero differ from bitcoin?

Bitcoin is a first of its kind cryptocurrency known for its privacy and untraceable nature. The principle on which bitcoin works is public ledger called blockchain that maintains the integrity and confidentiality of any transaction.  All these features make Bitcoin unique but do not make it private.

Since Bitcoin is based on public ledger all the transactions that are made on the Bitcoin network can be traced from the beginning to the most recent. Monero, on the other hand, works on CryptoNote principle which keeps the transactions untraceable and therefore all the XRM tokens remain confidential.

Privacy is the need of the hour for the financial industry as in this sector more security breaches are taking place every now and then. Monero overcomes this crisis by using the powerful technology described below.

Stealth address that is unlinkable

The important attribute that differentiates Monero from Bitcoin is the fact that in Bitcoin although the identity does not gets revealed but the transaction remains traceable and multiple transactions can happen from the same address. Analyzing the common patterns and tracing the wallet from which values goes out and comes in it becomes easier to determine the person who owns the address.

On the other hand, if you are using Monero for the transaction then only the destination address is identical to both the sender and receiver of the XRM tokens, it does not show the destination where the XRM tokens reach instead it shows the cryptographic hash.

By using the secret view key the recipient can understand how much XRM he has received. For this, he uses the unlinkable private separated from the public address this type of address is known as stealth address.

Final thought

Privacy and anonymity will always remain a prime focus for the individual who wants to keep things private and for those individuals who live in oppressed countries where censorship is an issue. The highly skilled developers of Monero will continue to help people who love to keep things private. There are many competitors of Monero but it has kept its position intact by providing the highest level of services to its users. Click Ethereum Code to know more.

 

 

 

 

Blockchain In Media

Blockchain In Media

It feels like blockchain is getting into every aspect of life media and advertisement is also not left behind.

What is blockchain?

It is the underlying technology of many cryptocurrencies like Bitcoin, Ethereum etc. it is a kind of Excel sheet on which the whole decentralized network works. It contains a large amount of information that can be transmitted but without compromising the security. The information contained in it cannot be altered not even for a single person.

What is it not?

Many people confuse Blockchain with Bitcoin as it the first currency that was built on the technology. the blockchain technology used for bitcoin is different, actually other uses of blockchain was developed much later. Using Bitcoin Blockchain one can do transactions anonymously but for other uses, it does not have to be anonymous. Actually, it should not be anonymous as participants need to tell from where the data came so that they can trust the source.

It is used in media

  • Monetization

The writers and creators can distribute their content on the blockchain and can get paid immediately.

  • Advanced TV

Blockchain technology can be used to buy and broadcast ads without getting it pooled at one place. The marketers will be able to use the data from the content producers and find the target buyers for the ads without receiving the actual data itself.

  • Whitelisting

A chain registry is being set up on blockchain in collaboration with DMA and consenSys which are using a cryptocurrency “adToken” to incentivizes people to understand whether the publisher should be whitelisted or not. This will help the brands to decide and spend money on them.

  • Ad buying

An interactive advertising exchange is going to be set up in New York here brands, publishers and agencies can buy and sell future ad inventory. The initiative is to support digital ad buy.

 

There are some barriers that media and advertising are facing to use blockchain as it is not yet widely used. As blockchain uses multiple nodes so it needs the participation of more number of people. In spite of having some technical barriers, blockchain has proved itself to be useful, robust and adaptable for various high impact use cases. Companies need to make appealing applications so that it can make a real impact. This has already started to happen it lets you trust the transaction without having trust on the counterparty. To know more click Ethereum Code.

 

Things To Be Remembered To Start Up A Business

Things To Be Remembered To Start Up A Business

Everyone has a wish to start up a new business and run it on their own. It is not an easy thing to do. But when we have much confidence in ourselves, we can definitely start up a new business and run it in a successful manner. But there are some steps to be remembered by every person while starting up their own business. We can learn about the business things from the software named Ethereum Code review. Because when we miss doing these steps, we will definitely be in a situation of not able to grow it. So, we should always try to remember these steps and start our business in a good manner.

  • Select a business structure:

The business structure is an essential one for every business. So, we should have a very good legal structure for our business. Because when we miss to do it so, we will be in a situation to face the loss and the decrease in productivity. This will make our business a downfall. So always be careful about the business structure.

  • Name of the business:

The name of the business is the most important thing for every business because the name itself will grab the attention of the customers. So, try to keep a business name in an interesting and impressive manner. The business name should not be the name of the other businesses. So, do a research and decide about the name.

  • License:

A business license is mandatory for every business and if we do not get a license then we will be facing some legal actions and it will definitely make a bad impact on our business among the customers. So, set up a business name and get a license from the authorities legally. It is also advisable to set up the needed things for taxes because when we start-up a new business an get profits from that, we need to pay a tax amount to the government.

  • Logo:

Setting a logo for our business will fascinate the customers and hence we will get more and more customers which will lead to yield great profits. The business logo should be something different and unique and it should not replicate the other business logos.

  • Nominee:

It is necessary for keeping a nominee for our business because once something happens to the proprietor of the business, all the business beneficiaries will be handed over to the nominee. So, we should always remember to keep a living trust for the business we run.

Ways To Earn Cryptocurrencies

Ways To Earn Cryptocurrencies

The new is the cryptocurrency, everyone talk and discuss it. there is nobody who isn’t aware of the ever-growing crypto coin, and if there is someone who isn’t aware, then it must be the people who have no aims in life, who aren’t bothered about earning.

The people who invested in cryptocurrencies, back 5 years ago, have now made it to the list of millionaires in a very short span of time. Though now the prices are like saturated, yet there is enormous growth spur seen behind the coins, in the next decade. So, it’s never late to invest and reap benefits from the cryptocurrency.

There are many ways you can earn bitcoins, here are the few ones that will help you analyze and take into action. Smaller earnings methods like the websites have now started paying the micro earnings in bitcoins though it’s a small amount that is collected and time-consuming, it’s one of the easiest ways to earn bitcoin. Be it a small fraction, money is money and its value will never deteriorate. Few micro earning ways for your references:

Click and get paid:

These are like being paid for your likes and comments on YouTube, you even get paid to like the web pages and sites, links and views and so on. There are many websites that pay you in small amounts, yet in crypto mode. Would you say no to this? Well, not at all possible!!

When someone is voluntarily paying you in bitcoin, then what more do you want? Be it in bits and pieces, its value will never come down. You will only get a lesser share. In the coming years, its value is surely going to surge higher and you will be worthy in a lesser span of time.

Trading with crypto:

This is the trending aspect of crypto. Many are restoring to this method, to earn more during the growth years. We never know what the market holds tomorrow and what new technology would come up in place of the crypto, so make money while the opportunity is still available. You can trade like any other commodity or stocks, or other currency. Trading requires knowledge and experience, but this crypto is now possible using robotic systems that don’t need anything apart from registration and your little money with little time. This post will give you complete details about the best platform in cryptocurrency trading.