Category Archives: long term investing

Is Verge the Stealth Underdog in the World of Anonymous Cryptocurrencies?

 

 

What is Verge?

In this write-up, we return to privacy-based cryptocurrencies. Today’s chosen cryptocurrency is Verge (XVG). Originally named Dogecoindark after splitting from the Dogecoin blockchain in 2014, Dogecoindark rebranded to what we now know as Verge in early 2016.

Its primary function is to serve as an anonymous cryptocurrency for darknet and mainstream usage, while being able to conduct fast and secure transactions peer-to-peer.

The Competitive Edge: Wraith Protocol, Atomic Swaps, and Privacy

Verge has integrated its wallets with the Tor network, making the cryptocurrency immune to any form of surveillance or overseeing.

Tor (the Onion router) is a network that enables an anonymous exchange of information across a multi-layered network.

The Tor network sends its Internet traffic through a network of over 7,000 relays to conceal a user’s information and location with anonymized data packets and encrypted address information.

Users can also choose to use the I2P network, which has many similarities to Tor.

Is Verge the Stealth Underdog in the World of Anonymous Cryptocurrencies? Is Verge the Stealth Underdog in the World of Anonymous Cryptocurrencies?

Source: https://vergecurrency.com/assets/Verge-Anonymity-Centric-CryptoCurrency.pdf

Verge is also a multi-PoW algorithm cryptocurrency, making it fully mineable with a range of different mining equipment. This enables the network to benefit from more hashing power, which  creates a greater level of security for the Verge blockchain and its users overall.

Its block time is 30 seconds, compared to Bitcoin’s 10 minutes. This makes Verge much faster to use, with the added privacy options of stealth transactions, Tor, and I2P as well.

Another competitive feature on the Verge network is atomic swapping. This allows for the direct transfer of cryptocurrencies from one blockchain to another, such as Bitcoin to Litecoin or Vertcoin to Verge.

The Wraith protocol enables full privacy of transactions and any address information of the sender and receiver. This new feature is capable of being used via the Tor, I2P, or standard Internet networks.

Competitors to Verge in the Privacy Niche

Privacy is popular in the cryptocurrency space. With regulations and the U.S. Government declaring ALL cryptocurrency transactions taxable, 2018 could truly be the year of privacy-based coins.

Verge faces heavy opposition to become the leading privacy-based coin, but competition in a free market usually breeds innovative and advanced products, solutions, and services. Here are some of the top competitors Verge could steal the privacy dominance from:

Monero – Using the ring signature, it was a popular cryptocurrency on Alpha Bay before it closed.

Dash – While Dash has somewhat left the privacy niche, it still has the PrivateSend feature, which mixes addresses.

Zcash – Utilizing the Zero Coin protocol and ZK-Snarks, this protocol enables transactions to remain encrypted but still be valid on the network.

Zcoin – This is the precursor to Zcash, which also uses the Zero Coin protocol.

There are many more, but Verge has a strong community, and with the Wraith protocol in development, combined with the coming atomic swaps that allow cross-chain transactions, this could be the most exciting year for Verge yet.

Price Performance

Another big performer, Verge started 2017 at a fraction of a cent and had an all-time high in late December 2017 of $0.24. Despite its pullback, it has remained strong during the January 2018 correction.

Is Verge the Stealth Underdog in the World of Anonymous Cryptocurrencies?

Where to Buy

Binance

Bittrex

Cryptopia

Where to Store Privately

Official Verge Wallet Downloads

 

Disclaimer:

This is not investment advice. Please only invest what you are willing to lose, and conduct sound research. Always read the white paper.

Stellar Lumens (XLM): Is This the Year it Catches Up With Rival Ripple?

Stellar Lumens (XLM): Is This the Year it Catches Up With Rival Ripple?

What is Stellar?

Stellar is a blockchain network that can connect banks, payment systems, and people together using its native digital asset, Lumens. It seeks to make sending value as easy as sending an email.

While Bitcoin uses the proof-of-work algorithm, which requires miners to validate transactions on the network, Stellar uses the open source Stellar Consensus Protocol (SCP):

“The main differences between the Stellar network and Bitcoin are the following:

  • Stellar is based on a consensusalgorithm rather than mining. This means transactions confirm in a few seconds.
  • The supply of lumen increasesat a fixed rate of 1% a year.
  • Stellar aims to let you transact in your currency of choice (fiat or digital).”

Source: https://www.stellar.org/faq/#

Stellar Lumens (XLM): Is This the Year it Catches Up With Rival Ripple?

Source: https://www.stellar.org/papers/stellar-consensus-protocol.pdf

A simplistic way to describe Stellar is by saying that it is a more decentralized version of Ripple and its target user base is not aimed directly at financial institutions, but rather everyday users and technology businesses.

The SCP used by the Stellar network is derived from what Ripple uses, and as I’ll explain later in this article, it has a very intertwined history with Ripple!

Stellar’s Creation and its History With Ripple

Stellar was created from the Ripple protocol, and its co-founder, Jed McCaleb, was one of the original founders of Ripple.

While these two protocols are ultimately attempting to innovate global payments, they take different approaches to it.

Ripple’s primary focus is on innovating the financial institutions’ ability to settle cross-border payments (the very institutions Bitcoin seeks to make obsolete). Stellar is aiming at payment providers, technology companies, and individuals, making its technology available to the community.

The image below, from Bitcoinist.com, compares the differences between these rival digital assets. Interestingly, each time Ripple has experienced a price breakout, Stellar usually follows, similar to the relationship between Bitcoin and Litecoin.

Stellar Lumens (XLM): Is This the Year it Catches Up With Rival Ripple?

“Stellar.org connects people to low-cost financial services to fight poverty and develop individual potential.”

Source: https://www.stellar.org/about/

 

Decentralized Vs. Centralized

Key fundamentals separate these two networks. Stellar is a non-profit organization, and its technology is open source. It uses reserves to fund the Stellar Development Foundation (SDF), which is dedicated to the development of Stellar’s technology and application development within its ecosystem. As pointed out earlier, its target market is the retail user and technology companies.

In contrast to this, Ripple has 60% of its token supply locked up. It’s a for-profit organization that is building a global payment network (RippleNet) with the very institutions that drive down the purchasing power of nations and trigger economic implosions.

As mentioned earlier, Stellar’s technology is based on similar code to Ripple, and while Ripple is clearly the more centralized of the two, it remains to be seen which will emerge as the most efficient protocol. As they each evolve and move into different ecosystems (decentralized and centralized), so will their protocols and the technological requirements to thrive.

Morally and ethically, Stellar is the superior blockchain designed for the people, and it has the innovative ability to stay relevant and compete with Ripple’s technology. It can scale and bridge multiple fiat and cryptocurrencies together at a cost-effective rate.

Stellar’s Innovation and Scalability

The blockchain sector has always embraced entrepreneurism and innovation, as they’re vital for its growth and survival. Stellar embraces this as well, encouraging application and scalability development on its network.

Enter Mobius, a new payment application built on top of the Stellar network. By using the Stellar Consensus Protocol as its foundation, it allows for scalability, speed, and cost-effective transactions in a decentralized manner.

Price Behavior in 2017 and 2018

In 2017, Stellar experienced price growth of over 20,000%, making it one of the top-performing blockchain protocols.

Stellar suffered a brief downturn after peaking at the $0.90 region, as the cryptocurrency markets overall suffered a sharp pullback.

However, against Bitcoin, Stellar has been a strong asset to hold, and it has performed better during this turbulent January 2018 than many other digital assets.

Stellar Lumens (XLM): Is This the Year it Catches Up With Rival Ripple?

Five Reasons to Purchase Stellar Lumens

  • In late 2017 IBM revealed the successful results of a partnership with Stellar, it successfully settled transactions using the native digital asset of the Stellar network, Lumens (XLM).
  • Stellar’s asset Lumen (XLM) is becoming more liquid as the Blockchain space evolves, you can find it listed on most trusted exchanges. This creates a more resilient price and reduces the likelihood of price manipulation.
  • Something which is a hot topic in Blockchain is the regulations on digital assets and how it influences the cryptocurrency sector, Stellar is already compliant with regulators and its foundation is fully active and above board.
  • It has the technology to issue any asset, making it flexible with who can use it while providing the service in a secure and cost effective manner.
  • XLM allows any financial instrument to transfer as a form of money, by digitally representing existing currencies and assets on a fast and scalable network. Scalability is something the Blockchain sector is striving to solve and Stellar’s technology is setting the pace in this regard.

Where to Buy

Poloniex

Kraken

Binance

Bittrex

(Most exchanges will list Stellar Lumens)

Where to Store Privately

Ledger Hardware Wallet

Official Stellar Wallets

 

Disclaimer

This is not investment advice; full critical research is recommended before making any investment decisions.

Please always read the white paper before taking action. Research will provide confidence and help your judgement in these highly-volatile markets.

Patience & The Investors Mentality

Patience & The Investors Mentality

For most of us we don’t know where we will be in ten – twenty years time, so we tend not to think about it.

In a world where there is now ‘too much choice’ how does one know what to choose or how to apply oneself?

Why do we get consumed by present distractions like Football, Reality TV etc when we could be applying that energy to something more constructive and relative to our needs…

This is an especially difficult subject & choice for the millennial generation (I myself being one of them), how do we choose our paths and define ourselves whilst staying in a solid direction for the long term…

The answer is to have Patience & The Investors Mentality!

Now for the majority of us millennials patience isn’t exactly our strongest suit, in fact we are extremely instant like babies.. We want everything NOW, minus the hard work and humility it takes to get it.

We see celebrities living the glamorous life, we argue over sports teams (which have made their WEALTH already) and we understandably want that quality of life.. who doesn’t?

There is no patience and that is where the problem lies, everyone expects it to all happen instantly and usually life doesn’t work like that.

By taking an investors mentality on-board you start to see things for the long term rather than being short sighted and expecting instant gratification. 

So what am I talking about, it probably sounds like I’m giving millennials a hard time..

I mean if you understand what an investor actually is then you begin to start understanding things in a more larger perspective.

A real investor doesn’t just trade stocks on Forex or on the FTSE100, no, an investor is someone who postpones present pleasure for future payouts!

Now does it make more sense?

By applying the investor mentality you will Postpone Present Pleasure For Future Payouts.

So how do we apply this and execute this, Loose the consumer mentality! a study was done in the United States that the average person saves $2 for every $100 they earn!

Well start with your mindset on how you view your own decisions, for example if you want to learn something new but have to pay $1000 for the course, look at it as a investment in your own career, in yourself..

How will this benefit you in the long run? Will it help you get that job with the big salary? 

It’s all about the bigger picture basically, try not to look at whether it will give instant amazing results but if it is going to help you retire earlier.

Down below is a video by a guy called Tai, you probably seen him before he talks about it too watch it from 4.30 to hear about the investor mentality information, I probably do my own video about this stuff in the coming weeks! So watch out for that!

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