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decred

Decred 1.0. claims to have a decentralized governance

Decred, a creation of Bitcoin developers, rolls out decentralized governance, claiming a first in blockchain technology.

Decred is a cryptocurrency project and platform built from the ground up to leverage the will of its constituents to drive change. This approach eliminates the conflicts that arise when powerful entities attempt to assert control over a cryptocurrency.

Tomorrow, April 25, 2017 marks the release of Decred v1.0. This historic release puts Decred stakeholders in charge of shaping the future of Decred through direct community consensus voting.

For the first time in the history of cryptocurrencies, governing control moves away from centralized authorities, such as developers and miners, and is given to the community of stakeholders. Decentralization struggles without decentralized governance; this is especially true when it comes to a rapidly growing global currency.

Most cryptocurrencies distinguish themselves by how they secure the transactions on their network.

For example, Bitcoin is famous for using a proof-of-work algorithm that rewards miners for finding solutions to a cryptographic hash puzzle. Other cryptocurrency projects rely on proof-of-stake algorithms that reward users who hold the currency in a “staking” wallet with interest on the balances they carry.

Both approaches have strengths and limitations; Decred takes advantage of the best of both worlds with a hybrid proof-of-work and proof-of-stake consensus system. This allows the platform to strike a balance between benefits to both miners and stakeholders, giving rise to a more robust notion of consensus.

The 1.0 release of Decred will include the first community vote on two important issues.

After 75% or more of miners and stakeholders have updated to 1.0, Decred stakeholders will be able to vote on one consensus change and one signaling vote. Due to the rapidly growing popularity of Decred, the number of stakeholders buying vote tickets has increased dramatically, leading to large oscillations in the ticket price.

This is a good example of an unanticipated condition which needs to be resolved though community consensus. A new ticket price algorithm will aim to ease the large oscillations in ticket price and lead to better ticket price discovery while still maintaining the target ticket pool size.

A consensus change of this magnitude is very difficult to achieve in more traditional cryptocurrencies and requires the voluntary acceptance of the code by miners that may or may not have their own agendas. If it passes, the new ticket price algorithm will activate seamlessly for everyone with no further intervention. The second vote will allow stakeholders to signal support for Lightning Network development.

The Lightning Network is a payment layer that makes it economical and fast to process payments, especially small payments, like buying a cup of coffee without having to pay a large transaction fee to process the transaction. If this signaling vote passes, the developers will begin work on integrating Lightning Network on the Decred blockchain. Once development is complete and tested, a future consensus vote can be taken to automatically activate the Lightning Network code.

The recent 2017 roadmap highlights some of the other massive innovations that the team hopes to put up for a vote throughout the year. In addition, a new improvement proposal system will be put in place soon to allow for the community to contribute directly to the agenda.

The release of Decred 1.0 is a watershed moment in the cryptocurrency movement. This digital currency finally does what has never been done before, putting the power of change in the hands of the very people that care about it most. Decred is celebrating version 1.0.0 release with a puzzle challenge.

The ‘Autonomy Puzzle’ challenge features an initial prize of 500 decred (DCR) to the first solver, equivalent to approximately USD 7,500 at the time of this release. However, players will be working against the clock, as the prize will be reduced every 24 hours. The puzzle difficulty level has been rated ‘easy to medium’, as Decred is aiming to include participants of all skill levels.

Decred Wallet

We recently added Decred among the available digital currencies you can store on the HolyTransaction multicurrency wallet.

We define it as “multicurrency” because you can store more than 10 different cryptocurrencies within the same account and login details.

Open your Decred Wallet here and store it right next to your own Bitcoin, Ethereum and more.

 

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

Amelia Tomasicchio
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

Peercoin price surged of about 20%

Bitcoin, Ether, Dash and now also the Peercoin price: it seems that the market value of the whole digital currencies world is growing.

Recently, in fact, Peercoin price surged of about 20% in the latest hours.

In fact, at the press time, its value reached $0,477882 (22.49%) or 0.00037581 BTC (20.82%).

Also, Peercoin market cap reached $10 M a few hours ago.

Peercoin was the first digital currency to use the proof of stake  (PoS) consensus system back in 2012.

Peercoin was created back in 2012 by Scott Nadal and Sunny King. Sunny King, who also created Primecoin, is a pseudonym, a common behavior in the crypto community (do you remember who Satoshi Nakamoto is?).

Proof-of-stake’s protocol was created to solve the high energy  consumption of bitcoin.

The proof-of-stake system was also designed to solve vulnerabilities that could occur in a pure proof-of-work system.

For example, with bitcoin there is a good risk of attacks resulting from a monopoly on mining share. As Proof-of-stake becomes the primary source of coin generation, energy consumption decreases over time.

Ethereum and Casper

Now Vitalik Buterin – or the Ethereum blockchain creator –  and his Ethereum community want to exploit this algorithm to improve their technology. So, recently everybody in the digital currency world has heard about the proof of stake and Peercoin system.

Could this be one of the reasons for this Peercoin price growth? Is it a result for a growing curiosity behind the PoS tech?

How to store all digital currencies in only one place

If you want to trade, buy and sell different digital currencies, you may need a multicurrency wallet like the one provided by HolyTransaction.

Usually, if you want to store different cryptocurrencies you need a wallet for each digital currency you have.

HolyTransaction solves this problem as you can store more than 20 digital currencies in one place and within the same login details.

You just have to remember one password and you can have a full access to your digital currencies.

Also, HolyTransaction wallet provides you the following services:

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

Open now your HolyTransaction univeral wallet here. 

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
wallet-zcash

Wallet Zcash: how to store Zcash

wallet-zcash

We always work to provide you with a better service, and now we are glad to announce our new Wallet Zcash.

We are very proud about this new implementation for storing safely this disruptive digital currency.

So, from now on you can instantly purchase Zcash through your own Holytransaction wallet, transfer them to
any HolyTransaction’s user for free, and make crypto-to-crypto transfers from/to Zcash, and seven more cryptocurrency’s networks.

All HolyTransaction customers can create a new address for their own Wallet ZCash and use the simple HolyTransaction Web Wallet to send and receive transactions or to instantly convert them to any other supported cryptocurrency.

Just like Bitcoin and all the supported cryptocurrencies we currently support, 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.

If you can’t see your newest Wallet Zcash, you just need to click on the “plus” button that you find at the top right of the balance page, once you successfully enter into your wallet.

You can use the “plus” button to select the wallets you want to see in the main page like shown in the picture below.

Add new cryptocurrency

We’re really excited to be part of this new community!

NOTE: on our multicurrency wallet you can store 21 digital currencies, including: Bitcoin, Dash, Ethereum, Dogecoin, Faircoin, Gamecredits, Litecoin, Dogecoin, Blackcoin, Gridcoin and Zcash, among the others.

Click here for more info.

 

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