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Category Archive: cryptocurrency

decred-logo

Decred: the younger brother of Bitcoin

Decred (DCR) is a digital currency created back in 2015 by Bitcoin’s BTCSuite developers, an alternative full node bitcoin implementation written in Go.

“Decred uses a hybridized consensus system to strike a balance between miners and users to create a more robust currency”, as it was created both with proof of work (PoW) and with proof of stake (PoS).

This hybrid consensus system allows users to create a balance between proof-of-work miners and proof-of-stake users in order to have a much more robust consensus.

This relatively new cryptocurrency aims at addressing issues related to the increasing centralization of power within the bitcoin blockchain and the growing conflict of interest between the bitcoin community and those who fund the Bitcoin core project.

Also, it is important to say that Decred can be both mined and staked.

Why is another cryptocurrency needed?

When Bitcoin was originally released, it was working in a market that didn’t exist before. There were issues that could be fixed thanks to new digital currencies such as Litecoin or Dogecoin.

Of course, time is showing that Bitcoin is not a failure at all and it radically changed the idea of money.

Decred has several new features in order to combine the very best of proof-of-work and proof-of-stake chains with the main objective of utilising both systems in Decred.

Also, Decred defines itself as “self-funded and progressive” and it relies completely on a community governance and opensource features.

Decred developer Christina Jepson explained:

“The intention is not to attack what we currently have in Bitcoin. We want to recognize what has been done well, but instead, we want to take that and improve on what we think can be done better… That is the spirit that started the technology and we want to return to that to explore options to problems we cannot explore in the current system while we continue to support the Bitcoin software. Alternatives are progress and a way forward to improve the greater ecosystem.”

Decred Wallet

That said, if you want to start buying and selling Decred coins, you will need the right wallet to store them properly.

Recently, we at HolyTransaction added a new wallet on our platform in order to allow you to store your Decred right behind your bitcoin and more than other 20 digital currencies.

Within the same login, in fact, you can store all your cryptocurrencies in a safe place with low fees.

Open here your new wallet to store, buy and sell your favorite coins. 

Open your free digital wallet here to store your cryptocurrencies in a safe place.

Amelia Tomasicchio
gamecredits api

GameCredits will release its free to use API

Gamecredits Inc wants to change the cryptocurrency market, by releasing its free to use API.

Gamecredits is a digital currency payment solution that can be used within any videogame.

Developers who want to accept gamecredits payments can decide to reduce fees by up to 20%, eliminating chargebacks and increasing user deposit limits and payments speed.

Gamecredits provides all these benefits and takes 10% of game developers revenues, instead of the usual 30% charged by Apple, Google or Steam.

In order to avoid the current issue and let users change their habits starting to use digital currencies, Gamecredits offers several features, so gamers can find coupon codes for the cryptocurrency just by playing their videogames.

The announcement of the release of Gamecredits API comes after the recent announcement of Gamecredits Mobile Store that is set to launch this spring with more than 300 games that will receive instant access to the API.

You can buy or exchange your Gamecredits by using our wallet, as we at HolyTransaction recently integrated this digital currency into our platform.

By using HolyTransaction wallet, you will be able to:

  • Send Gamecredits to any address, even to addresses of other cryptocurrencies with instant conversion on the fly;
  • Receive transactions;
  • Exchange Gamecredits with any supported coins;
  • Make instant transactions between HT users;
  • Get real time exchange rates on the website;
  • Set OTP for additional protection.

Open your Gamecredits wallet here. You just need an email account and the process can be done in only 1 minute.

 

Open your free digital wallet here to store your cryptocurrencies in a safe place.

Amelia Tomasicchio

Ether price is reaching its all time highs

Ether price, or the digital currency that fuels the Ethereum blockchain, is approaching its all-time highs set last year.

In fact, price of ether rose of about 60% during last week, hitting $20.67 yesterday, after opening at $13 on February 25th.

Ether price and Ethereum Enterprise

This increase might be the result of the official launch of Enterprise Ethereum Alliance, a new working group focused on the Ethereum blockchain with important members including Microsoft, JP Morgan, Santader, etc.

This consortium has the main goal of using the ethereum  tech within enterprise-grade blockchain implementations.

So this recent news may have led to the increase of confidence in the technology and in the linked digital currency.

 

Digital currencies are growing

Recently bitcoin price is also growing, reaching its all time highs, together with the altcoin called Dash.

Among the others, bitcoin is undoubtedly the most used and known with a robust trading volume and bullish market sentiment.

Bitcoin has risen to several new highs in recent days, after failing to set new higher levels for more than three years. Also, bitcoin hits parity with the per-ounce price of gold last week.

Dash has rose more than 75% in the last week and upwards of 200% over the last month. In fact, the previously called Darkcoin reached its all-time high of $58.90 on 2nd March.

Multicurrency wallet for differentiated investments

If you want to invest in all these three digital currencies, you need a multicurrency wallet to store bitcoin, dash and ether coins at the same time.

Normally, if you want to have store different cryptocurrencies, you need to have ten different wallets, which is difficult to manage. Instead,thanks to HolyTransaction you can solve this problem, unifying everything in a single account.

For more info and fees (HolyTransaction has a fixed-rate exchange) click here.

Open your free digital wallet here to store your cryptocurrencies in a safe place.

Amelia Tomasicchio

Dash Price: why is it growing so fast?

Dash price rose up more than 100% in the past week, hitting a high of $60 today.

Growing by 40% yesterday alone, Dash price is dominating the social media discussions among traders and investors.

For the newbies, dash – originally known as darkcoin – earned its group of supporters and critics in this years, becoming a digital currency very useful to be used for the online shopping.

Why Dash price is growing?

Several experts argued that – behind this price growth – there is a mixture of technical updates and an user experience upgrade. So, the recent increase is the result of years of development.

Others explained that the Dash price increase is the result of the so-called “pump-and-dump” behavior commonly seen in lower-volumes markets.

What is dash?

Dash is a “two-tier network” that relies on miners and masternodes.

Dash uses a chained hashing algorithm approach called X11. Instead of using the Secure Hash Algorithm (SHA) 256 or Scrypt it uses a sequence of eleven scientific hashing algorithms for the proof-of-work, or the same consesus method used by Bitcoin.

Miners receive 45% of rewards, masternodes receive 45%, and the other 10% is allocated to its decentralized budgeting system.

In fact, it is important to say that dash allows its users to vote where to allocate resources for development, marketing, etc.

The relative scarcity of Dash coins

Of course, one reasons that is having a great impact on the Dash price is its relative scarcity, as  coins are available for trade on major exchanges relative to the total supply of dash.

This scarcity is supported by the use of masternodes, as they require 1,000 DASH that generate income by receiving part of the mining block reward.

Public data suggests that there are 4,000 masternodes today, so more than half of the total Dash coins are pent-up.

Will this growth last in the long-term?

Data shows a big fall during the today’s trading, while the price is trading at about $43.

Many experts seem argue that the Dash price is in the middle of a significant bubble.

If the price will rise, fall or maintain this status is impossible to say.

How to Store Dash

That said, maybe you’re asking yourself how to store Dash in a safe place, as you might want to start trading with Dash.

Well, we at HolyTransaction provide a multicurrency wallet where you can store not only Dash but also other 20 digital currencies within the same login details.

With a 0.01* dash fee per transaction, HolyTransaction is one of the oldest web wallets in the market.

Edited: we decided to reduce fee from 0,04 to 0,01 Dash per transaction.

 

Open your free digital wallet here to store your cryptocurrencies in a safe place.

Amelia Tomasicchio

Best ZCash Wallet: store 20 digital currencies in 1 place

Are you looking for the best Zcash Wallet? Read here the ultimate guide about Zcash and find out how to store your coins in a safe place.

Zcash is one of the latest digital currencies appeared on the market. It is completely anonymous, as Zcash is based on a cryptographic tool called “zk-SNARK” that doesn’t require that the parties involved in a transaction exchange any information.

This means that on the blockchain you cannot read sender, receiver and amount-related information.

Also, another important feature of ZCash is that transactions clear in a fraction of the time, compared with bitcoin, for example.

New features for Zcash

Recently, the Zcash team published a new blog post in which they explained their plans to upgrade functionality of the digital currency that focuses on integrating new innovations into the protocol.

These changes include:

  •  A Payment disclosure feature that allow only people involved in the transaction to read the information embedded into the blockchain;
  •  inter-blockchain transactions with popular public blockchains such as bitcoin and ethereum will be available through a tool called XCAT (Cross-Chain Atomic Transactions).

Once implemented, these new protocol features will allow to issue Zcash tokens – similar to Ethereum-related ones.

The best Zcash Wallet

If you want to invest in Zcash you migh looking for the best Zcash wallet in the market.

Recently HolyTransaction added this cryptocurrency into its platform, allowing you to store Zcash and other 20 digital currencies in only one place, within the same login.

HolyTransaction, in fact, is a multicurrency wallet that provides a safe and low fees wallet where you can store not only Zcash but also bitcoin, dogecoin, litecoin, dash, ethereum, tether, blackcoin, faircoin and gamecredits, among the others.

It is a user-friendly wallet useful both for experts and non-technical users.

Each transaction can be followed on the blockchain thanks to a new tool we recently implemented: when your transaction is confirmed you will receive an email with your transaction ID, so you can track it on the blockchain.

Just like Bitcoin, you can now:

  • Send Zcash to any address, even to addresses of other cryptocurrencies with instant conversion on the fly;
  • Receive transactions;
  • Exchange Zcash with any supported coins;
  • Make instant transactions between HT users;
  • Get real time exchange rates on the website;
  • Set OTP for additional protection.

Open your free digital wallet here to store your cryptocurrencies in a safe place.

Amelia Tomasicchio

Europe Bitcoin report published by the EU Parliament. Read it here.

Below you can read the full Europe Bitcoin research published by the European Parliament a few days ago.

It is related to the blockchain technology and digital currencies, exploring distributed ledger use cases including digital payments, patent protection, smart contracts and online voting.

This research provides an educational point of view for EU’s legislative members, so probably we will experience a new Bitcoin regulation in the next future.

Researchers who works at the EU Parliament have studied several aspects of the distributed ledger in the past.

For example, a working group sponsored by the Parliament studied how the blockchain’s power to secure data could provide transparency during elections.

“Although blockchains are not the solution for every problem, and even if they will not revolutionize every aspect of our lives, they could have a substantial impact in many areas, and it is necessary to be prepared for the challenges and opportunities they present.”

“Europe Bitcoin” paper

The research suggests a few possible approaches for the European lawmakers, who recently approved the creation for a new task force focused on blockchain and digital currencies.

Also, the paper suggests more future explorations by saying that regulators could regulate and yield legal legitimacy to digital currencies transactions. More and more countries are regulating bitcoin and other virtual currencies during the last few monts, as you can read by clicking here.

The document’s authors explained also that this revolutionary techbology could provide many benefits to European citizens, even if it seems to be applicable only in a few cases.

“While the most idealistic and revolutionary visions of blockchain development will probably remain no more than visions, even moderate implementation of blockchain may still promote some degree of redistribution and transparency,” explained the authors in the document.

Click here to read the full Europe Bitcoin document for free.

Open your free digital wallet here to store your cryptocurrencies in a safe place.

Amelia Tomasicchio
game credits api

Gamecredits wallet: the ultimate guide about Gamecredits

A few days ago we at HolyTransaction decided to allow you to store a new digital currency on our platform, by creating a Gamecredits wallet. 

Gamecredit is a new payment gateway for the gaming industry that aims at avoid limitations and challenges linked to the traditional payment solutions.

This digital currency is backed by its blockchain (proof of work), providing gamers and gaming companies with a variety of unique benefits such as:

  • Variable coin value;
  • Security;
  • Large deposit limits;
  • Pseudononymity;
  • Possibility to transfer currency from game to game.

With a genesis block created back in 2014, Gamecredits was developed by a team of developers and game lovers that launched their innovative payment solution in the popular game called Fragoria, a 8 million player RPG (Role-Playing Game) designed by Datcroft Games.

The VP of Development at GameCredits and owner of Datcroft Games, Sergey Sholom explained:

“As a Game developer I experience many problems with traditional payment methods. These problems include chargebacks/fraud, payment processing periods, and consumer deposit limits”.

In fact, traditional payment methods often take a few days to process transactions and your deposit limits can be very low.

GameCredits allow you to process payments in minutes and give players higher purchasing power, so you can enjoy transferability and control over cash flows.

Also, according to the recent article published by Forbes you can read here, Gamecredits could be able to popularize cryptocurrencies all around the world.

In the next future, Gamecredits will also launch a new mobile store, or a blockchain based mobile game platform where you will find over 300 games from 150 different game developers. This app will be available in early second quarter 2017, as revealed in a press release.

Gamecredits Wallet

As I said, HolyTransaction is very proud to include this new digital currency among its multicurrency wallet.

From now on, in fact, you can store your Gamecredits on our platform.

Just like Bitcoin and our other digital currencies, you can now:

  • Send Gamecredits to any address, even to addresses of other cryptocurrencies with instant conversion on the fly;
  • Receive transactions;
  • Exchange Gamecredits with any supported coins;
  • Make instant transactions between HT users;
  • Get real time exchange rates on the website;
  • Set OTP for additional protection.

So, HolyTransaction multicurrency wallet can now support: Bitcoin, Litecoin, Dogecoin, Ethereum, Dash, Tether, Blackcoin and the recent added Gamecredits and Faircoin.

Open your Gamecredits wallet by clicking here.

Once you successfully enter, if you can’t see the newest Gamecredits wallet, you just need to click on the “wheel” button you find at the top right of the main page. You can find the “wheel” button to select the wallets you want to see in the main page.

 

Open your free digital wallet here to store your cryptocurrencies in a safe place.

Amelia Tomasicchio
Faircoin2

Fair Coin Wallet: everything you need to know about this cryptocurrency

 

HolyTransaction recently added a Fair Coin wallet system on its multicurrency wallet, so we want to make sure you know everything you need about this digital currency.

Faircoin is a digital currency that strives to have low fees for its users, by implementing the Proof-of-Cooperation system by the end of 2017, Faircoin aims of becoming the most ecological and resilient cryptocurrency, providing a safe and fast method of payment all around the world.

Faircoin History

Faircoin history started back in 2014 when an anonymous developer created it. A few weeks later he/she abandoned the project, but Enric Duran retrieved the digital currecny with the help of Thomas König. 

50 million faircoins were created and during the 6th and 8th of March they were distributed through an ‘airdrop’, or a massive gift of 1000 FAIR per hour to all those who registered.

In this way, Faircoin was distributed to promote equality over financial possibilities.

Faircoin as a social tool

By using Faircoin, Enric Duran built a new project called FairCoop, a free worldwide cooperative that organizes itself through the web, outside the limits and controls of the State, as the group aims at create an alternative global economy based on ethic and solidarity, reducing financial and social differences among people. 

What really makes Faircoin different from other currencies is its specific use as a tool for FairCoop: this cryptocurrency acts as a FairCoop value’s reserve and redistribution of capital in socially and environmentally coherent projects.

Faircoin aims at overcoming the limitations of social currencies that are designed for local use and not interconnected as they are still related to fiduciary money and can suffer the same ups and downs.

Faircoin is one of the most ecological cryptocurrency because it doesn’t need big computational resources to generate new currencies.

Technical features

On a security level, Faircoin uses the blockchain: every 5 minutes there is a POW block and every 10 minutes a POS block. Thus, the two systems are combined together to provide the best result in each method and to avoid the complete control of the cryptocurrency from the Proof-of-Work.

In the next upgrade Faircoin 2: with Proof of Cooperation (POC), will go further, and the energy efficiency will be big, as no more coins will be created.

The first block contains 50 million coins mined, distributed initially to all the registered people, avoiding that only people with capital or mining resources could access them.

Fair Coin Wallet

For these reasons, we at HolyTransaction decided to include a Fair Coin wallet among our services.

We think that it is a digital currency with important goals and objectives, so we wanted to let you use FairCoin on our platform.

Just like Bitcoin and the other cryptocurrencies we already have, you can now:

  • Send Faircoin to any address, even to addresses of other cryptocurrencies with instant conversion;
  • Receive transactions;
  • Exchange Faircoin with any supported coins;
  • Make instant transactions between HT users;
  • Get real time exchange rates on the website;
  • Set OTP for an additional protection.

To know more about the new functions of our wallet and to manage your FairCoin Wallet,  click here.

FairCoin and a fair economic system from Radi.ms on Vimeo.

Open your free digital wallet here to store your cryptocurrencies in a safe place.

Amelia Tomasicchio
HolyTransaction add Faircoin and Gamecredits

Faircoin and Gamecredits join HolyTransaction

HolyTransaction add Faircoin and GamecreditsWe’ve been working to provide you with two new Cryptocurrency portfolio options.

As of today, you can instantly purchase Faircoin and Gamecredits through your Holytransaction wallet, transfer them to
any HolyTransaction’s user for free, and make crypto-to-crypto transfers between Faircoin, Gamecredits, and seven more cryptocurrency’s networks.

Today Faircoin and Gamecredits join HolyTransaction.

All HolyTransaction customers can create new addresses for FAIR (Faircoin) and GAME (Gamecredits) balances and use the simple HolyTransaction Web Wallet to send and receive transactions or to instantly convert them to any other cryptocurrency.

Just like Bitcoin, you can now:

  • Send Faircoin or Gamecredits to any address, even to addresses of other cryptocurrencies with instant conversion on the fly;
  • Receive transactions;
  • Exchange Faircoin and Gamecredits with any supported coins;
  • Make instant transactions between HT users;
  • Get real time exchange rates on the website;
  • Set OTP for additional protection.

If you can’t see one or both the newest digital currency wallets, you just need to click on the “wheel” button you find at the top right of the main page, once you successfully enter into your wallet.

You can find the “wheel” button to select the wallets you want to see in the main page like shown in the picture below. Click on the image to enlarge it:

Add new cryptocurrency

We’re really excited to be part of these two new communities!

Track your transaction on the Blockchain

We’ve added email notification to track your cryptocurrency’s transactions on the blockchain.

When your transaction is confirmed you will receive an email with your tx id.

 

 

Open your free digital wallet here to store your cryptocurrencies in a safe place.

admin
glasgow_digital_currency

Glasgow digital currency: hope or reality?

Soon many cities around the world will issue their own digital currency.

According to Pavel Bains, in fact, within the next 10 years we’ll see the first city that have its own digital money and that is separates from the national fiat currency.

The Blockchain Role

This could be the right time for cities to exploit the blockchain and adop their own currency.

But for a new digital currency to be adopted quickly it needs the following characteristics, according to Bains (and we tent to agree with him):

  1. Cheap: fiat currencies are very expensive to produce, manage and distribute. Conversely, a digital currency deletes all those costs and can easily be distributed;
  2. Secure: as it is digital, cryptographic and based on pure algorithms, the chance of forgery or distrust is removed;
  3. Safe: a digital currency can be backed by other assets like gold, treasury bills, foreign exchange or equities, just like fiat money;
  4. Usable: cities such as Stockholm are going purely digital, so a digital city currency could be massively adopted quickly.

The newest Glasgow digital currency

Bains is pretty sure that the first city to adopt a digital currency will be Glasgow.

This because the Scottish city failed to benefit from the England pound and it came close to a recession back in 2015.

Also, Brexit opened a real issue for Scotland’s future with the potential loss of trades. Demand for Scotland’s products is already declining: in that year there was an 11% drop in exports compared to 2.7% for the UK and with Brexit the situation can only get worse.

But Glasgow has the right tools to adopt its own digital currency. These the major reasons according to Bains:

  1. It has the regional size and population: this could make the difference compared to smaller cities such as Dundee;
  2. It has a high record of academia, government and business working together. This unity could be great to manage a new-born digital currency
  3. Glasgow has a thriving financial base, moving to 74th in the world for financial centers and this demonstrates the city has a good base and an educated population to operationalize the new digital currency system.

Open your free digital wallet here to store your cryptocurrencies in a safe place.

Amelia Tomasicchio