Why we need Bitcoin and Cryptocurrency

Did you know a Trillion Dollars crashed on the stock Markets just recently?

Not many people do…

This catastrophe was hardly reported anywhere on the news.

Yet you have Panorama reporting on bitcoin and saying it’s crashed and it’s a big bubble, what a load rubbish!!

I wonder why they did this, Was it to scare you off?

The truth is we all know we can not trust the media, banks or government anymore.

Recently on my tour of the UK holding education seminars into bitcoin we asked every audience in every city we visited, with hundreds of people as attendees wether they trusted the Banks Of Government any more?

Surprise surprise you guessed it, not one person did. 100% of the people have no trust in the system anymore!!

Not one person put their hand up.

That’s pretty scary & also a real picture of what’s going on out there.

Fiat (Government issued) currency is Trillions in debt and can never be paid back!!

It’s time for a change and Bitcoin & Cryptocurrency offers a massive solution to a massive problem!

Did you know the Governments took away the Gold standard in 1931 so since then you have had nothing intrinsic backing the currency apart from people believing a £20 note is still worth £20!!

Government issued or other known as fiat currency is worthless since that point? There is nothing backing your beloved pound, Euro or Dollar anymore!!

Every £1 you put in the bank they loan out 0.90 of it to other people creating money out of thin air.

It’s called fractional banking. Banks are just making money out of thin air, or just entering digits on a screen and wallah you have more money,just like magic!!

The biggest scam and bubble in the world is fiat currency. They are having to print themselves out of debt & they can not even print enough of it to do that. It’s a joke!!

If you think your money is safe in the bank think again. The biggest financial crises we may e et see is just around the corner.

Some banks are even charging negative interest rates l, so you have to pay to keep your money in the bank.

The banks are hanging on for dear life & could collapse anytime. When they do it could be worse than 2008 in my opinion.

They are so scared of what Cryptocurrency can do to their power and they are doing all they can to fight it now. The worst thing that they fear in my opinion is You and I start using it.

Cryptocurrency is a peer to peer cash payment system and gives the power back to the people. You can now be your own bank purely from your mobile phone.

The banks have never had any competition to their power and Monopoly before until now.

This is is a Multi Trillion disruption that will change the way we use and transact money forever!!

Many people don’t fully understand this yet, so we have a lot of work to do, but soon millions of people will become aware of this concept and looking to get started,which will drive this even further into mainstream adoption.

Timing is key when it comes to opportunities and movements like this.

The first 9 years of Cryptocurrency was about proof of concept and this now works.

We now move into phase 2 and bring usability,better technology,more efficient ways to use and spend the currencies.

2018 is the year we take Bitcoin and Cryptos mainstream.

This is not just an investment, it’s about how this will change the world in a few years time.

There is only a finite amount of the currency, making it inflation free, debt free, clean , traceable, 100% transparent.

If you really understand what is going on you wouldn’t bescared to get started or panic if the markets dip, that’s natural.

Please do your own research though, i am not offering financial advise and this is just my opinion.

The markets can be volatile yes, for now but it will find its balance and the right price in a few years.

Bitcoin is designed to only drip feed in so many coins every 10 minutes. At today’s value that is 12.5 bitcoin every ten minuets & 1800 new coins every 24hrs.

This is going to get more rare and the value can only increase due to the high demand and limited supply we have right now.

What will happen in the future i don’t know.

This is why I am involved with mining because we are the heart beat and infrastructure of bitcoin. Mining coins allows you to gain a huge discount of the price of the coin if done correctly.

You can get your coins at a wholesale price and sell at a retail price again if done correctly. Please just ask if you would like to know more?

The miners actually are making and bringing the coins into circulation.

This is a big game and a big race between all of the miners who can process the most transactions in a ten minute period. Who ever does this gets rewarded the 12.5 coins and the the transaction fees that were recorded in that ten minute window for the work they just completed.

Who ever has the most power wins!

I can’t recommend mining enough because it gives you a hedge against the markets.and safe way to enter this concept.

if you would like more info on mining please feel free to hit me up and I can explain it all for you privately.

Mining is the infrastructure and the source of bitcoin and cryptos,

Please do not dismiss the biggest financial movement we will ever see in our lifetime. Do what you can to research it and get onboard and protect yourself from the financial downturn of Fiat Currency if or when it happens.

A great source for research is

http://www.thecryptopros.com

Fiat currency is becoming worthless and has lost 97% of its true value since 1931

Cost of living goes up, products get more expensive, you are working harder for less. Does that sound a good trade for your time and hard work?

Here is a video i made last night explaining this in more detail.

i highly advise you watch it and start doing your own research into something that could impact t your life , like it has mine.

https://www.facebook.com/joby.boughey/videos/10156379618965166/

Disclaimer – I offer no financial advise and you enter this at your own risk after you have done your own research and made an educated decision for yourself.

Conclusion –

Cryptocurrency in my opinion is the evolution of money and will change the way we use and transact money forever!

This concept solves a massive problem to the world with 3.5 billion people unbanked around the world who have no financial way of storing or holding money & now we can bank the unbanked.

This is just getting started so do your own research and do what’s right for you.

The Crypto Pro’s

What is going on in the Cryptocurrency world..

Here is an overview of what is happening in the Cryptocurrency world right now?With lots of ups and downs, high volatility, unpredictable markets, it is clear to say unless you understand the full power of this concept you may make the wrong decision.

Some People are uneducated and and thought they would double, triple even more their money in a few days with #Cryptocurrency

This is not what this is about and it’s not just an investment it will change money forever!

The concept of Crypto will help billions of people around the world have financial services, conduct business and drive the local and regional economy in a way they have never had before.

The Kenyan farmer can now conduct business with someone in the uk purely over a mobile phone.

When a Cryptocurrency has such high gains in a short period of time and starts to correct itself people panic and don’t understand that is how currency works.

I am glad it’s had this huge correction now because it veins out the weak investors who are only in this for their own greedy short term gains and have no clue what this about. They are joining because of Fear Of Missing Out syndrome.

This is not for the weak, it is very risky but if you truly understand what we have here in our hands is just simply phenomenal. Now watch what it will do in the next year!!

This has not even started yet. We are at such early stages and the best coins/ projects have not even been invented yet..

The greatest financial evolution we may ever see is unfolding before your very eyes.

The time to really start your education is now or you will be left behind!

All of the events I go to and speak at,people don’t care about the price today they care about how it will change the world in a few years time. That is an incredible energy you just can not grasp until you are really in the understanding of what we here.

Up until now it’s just been an experiment , but now we have proof on concept. It works!!

2018 is about usability and having a peer to peer cash payment system that we can transact money anywhere in the world like sending and email..

This is the year we see mainstream adoption unfold and we see cryptocurrency

Become something that writes history. I truly believe that!!

Do not underestimate

the price of #bitcoin and the other Cryptos right now, you have not seen anything yet..

Conclusion

Cryptocurrency as not even started yet. This is just the begging so do not underestimate this concept we have a long way to go to help educate the masses, but. It will. Be worth it. 2018 is the year we see mainstream adoption and the technology become easier, faster and more efficient to use.

The time is now to start learning about and if you are interested please send a message to be included into our education groups.

We are here t help you understand Cryptocurrency and the Blockchain Technology

Here is one off our fan pages you might like;

The Crypto Pro’s fan page

https://facebook.com/thecryptoprosfanpage/

The Crypto Pro’s group

https://www.facebook.com/groups/385693181623850/

Why are the Alt Coin prices are going crazy

Oh my god what is going on in the Cryptocurrency markets?

Is this just not the most exciting thing you have ever seen?

I can not contain my excitement!

2018 is the year we see Cryptocurrency go mainstream and hit critical mass where millions of people start adopting this concept & I bet my bottom dollar on that…

Let’s talk about the Alt Coins and why the prices are going crazy? These coins are making massive gains in this space and we are seeing coins with 80% + returns in 24 hrs, it’s ludicrous & the most exciting thing at the same time.

The question is why though?

The Crypto space is something that will change the world, but is the potential for mass gains in a short period of time that is really exciting for people. Millionaires are being created and there are billion of dollars being poured into this industry.

Everyone wants a piece of the new Gold Rush, the next biggest opportunity since the dot com boom, the next big thing is here and 2018 is the year I truly believe we see mass adoption across the world. Some of the biggest commerce stores look like they are ready to start accepting these alternative currencies as payments such as Amazonwho created 3 domain names specifically for Cryptocurrency,. When that happens these prices are going to explode in value. No doubt about that from what we are seeing right now!!

Please do your own research and make your own decision on this concept.

All increases and stats you see below are over a 24hr period – 3/1/18

  1. Ripple — $3 with a MarketCap (MC )of over $122bn.up 33% today
  2. Cardano – Up to $1 with a 42% increase today – $28bn MC
  3. Stellar – 0.90c – Up 72% – $16bn MC
  4. NEM – $1.32 – Up 36% – $13bn MC
  5. IOTA – $4 – Up 1% – $11bn MC
  6. Tron – $0.8c – Up 17% – $5.6bn MC
  7. EOS – $9 – Up 1.1% – $5.3bn MC
  8. Qtum – $58 – Up 3.7% – $4bn MC
  9. Raiblocks – $27 – Up 10% -$3bn MC
  10. Verge – $0.14- Up 1.88% – $2bn MC
  11. STeem – $8 -Up 45% – $1bn MC
  12. Status – $0.56 Up 88% – $1.9bn MC

Here is a video I recorded talking about what is going on in this crazy industry right now.

Please do your own research into these coins, I offer no financial advise what so ever.

The time is now to act and if you would like to to purchase any of these coins please visit http://www.bcbitcoin.co.uk for all your Cryptocurrency needs. You can email them direct in Info@bcbitcoin.co.uk . Please QUOTE – CRYPTOGROUP to get our discount and special preferential treatment. You must quote this to get que jump and discount..

What are your thoughts on the AlLT COINS ?

What coins do you like and why?

Many thanks

The Crypto Pro’s

P.s

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What are the best Cryptocurrencies for 2018′

After such a huge year in 2017 for Cryptocurrency, it looks like 2018 could be even more accomplished and 10x bigger. As we go mainstream and into mass adoption with proof of concept now complete with 10 year history and a market cap of over $700bn as I write this. Bitcoin,Ethereum & Litecoin have lead the way me now comes phase 2 as we move into mass adoption, full usability & every day use. When this happens in the next coming weeks and months it will mean millions of people purchasing coins. There will be billions of dollars even TRILLIONS being traded daily & added to the concept before your very eyes like a bullet train that can not be stopped!!

Do you think there is an opportunity to create wealth, you best bet your bottom dollar there is!

We truly are at the forefront of something magical & the best bit is we are just getting started!!

The best coins have not even been created yet!

In this blog I will walk you through some of the new coins you should be looking into to start conducting your own research and discovering more about the huge potential they potentially project.

If you want to know some of the best coins to purchase still that have generated huge gains like Bitcoin,Litecoin, Ripple, Monero, Dash in 2017 please go here – https://thecryptoproezine.com/2017/06/07/the-top-cryptocurrencies-you-should-be-purchasing-right-now/


WHAT ARE THE BEST CRYPTOCURRENCIES TO BE PURCHASING FOR 2018?

As we start 2018 the buzz for what is to come the excitement is electrifying in the industry & nothing I have ever seen before. People are going crazy to get started and FOMO (Fear Of Missing Out) is really kicking in.

Please be careful though there is so much noise out there at present. You really do need to just take your time and do the research and make sure what ever you do is best for you. I know it’s hard to get your head around it all, so hopefully by the end of this you will have a much better idea.

If you want to learn more about Cryptocurrency please go here http://www.thecryptopros.com

Please do your own research though, we offer no financial advise.

1- EOS

EOS has been created to design decentralised apps (daps) & smart contacts and is known for the competition it brings to Ethereum, many are saying this is Ethereum on steroids.

EOS is a blockchain-based, decentralized operating system, designed to support commercial-scale decentralized applications by providing all of the necessary core functionality, enabling businesses to build blockchain applications in a way similar to web-based applications.

EOS’s asynchronous communication and parallel processing provide scalability, while its ownership model eliminates transaction fees. These features make EOS a serious competitor of Ethereum (although EOS’s ICO actually supports Ethereum).

Created by Daniel Larimer who is also the brains behind Steem and Bitshares, Daniel is one the smartest programming individuals in the Cryptocurrency industry with years of experience and one of the best in the world at what he does Daniel brings huge credibility to the EOS eco system.

Also involved is Genius and Cryptocurrency billionaire Brock Pierce. What ever Brock touches it turns to Gold. As one of the most influential people in the space with huge success in many projects across the industry I just know Brock Pierce & Dan Larimer are behind this could easily be there best project yet.

It also says so much and I really do see a huge year for EOS in 2018. The technology is second to none and they offer a huge solution to payments with hundreds of thousands of transactions per second Capability. EOS also offers scalability to cater for millions of transactions per second.

With tremendous backing and one of the strongest teams in any project,the growth of EOS in 2018 will mammoth. The potential for gains in this coin is looking really good. ( No guarantees it can drop in value too.)

(Charts taken on 1/1/18 from http://www.coinmarketcap.com

  1. Decentralised App Creator
  2. Delegated proof of Stake Blockchain
  3. Can Process hundreds of Thousands of Transactions Every Second
  4. Scalability for Millions of Transactions Per Second
  5. Eliminates Fees

http://www.eos.io

Huge contender for 2018


2- VERGE (XVG)

Verge Is a secure, & anonymous Cryptocurrency that focuses on privacy by bringing Blockchain transactions to every day life. With Verge currency, businesses and individuals have flexible options for sending and receiving payments. Verge Currency is a cryptocurrency designed for everyday use. It improves upon the original Bitcoin blockchain and aims to fulfill its initial purpose of providing individuals and businesses with a fast, efficient and decentralized way of making direct transactions while maintaining personal privacy.

Verge development and marketing is supported by the thousands of members of the community.

Transaction speeds are ultra-fast compared to other coins. Simple Payment Verification (SPV) technology allows average transaction confirmation times to drop to ~5 seconds.

Verge uses multiple anonymity networks such as Tor and I2P. The IP addresses of the users are obfuscated and the transactions are completely untraceable & 100% Anonymous.

Private, secure, instant transactions run on a complete decentralised network with no central body controlling anything.

The team here are really creating something special and it could go on a real bull run in 2018.

(Charts taken 1/1/18 from http://www.coinmarketcap.com)

  1. Completely Anonymous
  2. Fast Transactions
  3. 30 Second Blockchain
  4. Ready and Scalable for Mass Adoption
  5. Decentralised
  6. TOR Browser Capability

Really strong and one or watch out for this could have huge gains if the demand stays as strong as it is now. Really looking forward to seeing this grow and implement their technology.

http://www.vergecurrency.com


3- NEO

NEO is a next generation smart economy platform (formerly Antshares) yet another smart contract platform (more on smart contracts in another blog coming soon) NEO is positioned as a “public cloud” and is part of a much bigger strategy by the Chinese government in establishing pre-eminence as a Blockchain platform industry leader. They want developers, in general, to use their tools and platform and develop the ecosystem.

NEO has a sister company OnChain that’s already a “made man” in terms of the financial services industry. It is also currently working with the Chinese and Japanese government along with large corporations including Alibaba.

NEO is considered more of a open-source public cloud model which will be separate from OnChain but can also interconnected in terms of the cross chain functionality as we will see more of with NeoX.

I think NEO has some serious work to do to catch Ethereum & EOS but as it seems to have backing from the Chinese Government then maybe it has some serious legs. Will be interesting to see how this gets used within the Asian markets and industries.

(Charts taken 1/1/18 from http://www.coinmarketcap.com)

  1. Smart Contract Platform
  2. Backed by the Chinese Government
  3. Validated Digital Identity
  4. Digital Asset Configuration
  5. Asian Market

http://www.neo.org

Neo looks good but not sure it can take over Ethereum or EOS. Only time will tell.


4- Cardano (ADA)

Cardano is home to the Ada cryptocurrency, founded by Charles Hoskinson who was part of Ethereum and many other projects. Cardano can be used to send and receive digital funds. This digital cash represents the future of money, making possible fast, direct transfers that are guaranteed to be secure through the use of cryptography.

Cardano is more than just a cryptocurrency, however, it is a technological platform that will be capable of running financial applications currently used every day by individuals, organisations and governments all around the world. The platform is being constructed in layers, which gives the system the flexibility to be more easily maintained and allow for upgrades by way of soft forks

Cardano has its own Block Explorer. This is a useful tool that can be used to check the history of transactions that have taken place on the Cardano blockchain.

All Ada transactions are publicly recorded on the blockchain and you can search to find details about any one of them. Information you will be able to see includes the amount of Ada sent, the public address of the sender, and the time and date of the transaction.

(Charts taken on 1/1/18 from http://www.coinmarketcap.com)

  1. Fast & Direct Transactions
  2. Secure
  3. Capable of High Financial Transactions
  4. Has it’s own Blockexplorer
  5. Very Strong /Credible Team

https://www.cardanohub.org/en/home/

Could potentially be a nice increase in price so one to watch for sure.


5- IOTA (MIOTA).

The main feature of this cryptocurrency is the tangle, a directed acyclic graph (DAG) for storing transactions. The tangle naturally succeeds the blockchain as its next evolutionary step, and offers features that are required to establish a machine- to-machine micropayment system.

The Tangle Ledger, is a revolutionary new blockless distributed ledger which is scalable, lightweight and for the first time ever makes it possible to transfer value without any fees. Yes you read that right, zero fees on micro transactions.

A decentralised and self-regulating peer-to-peer network with true micro and even nano-transactions are enabled due to the unique IOTA Tangle architecture, providing developers with a brand new set of tools for their applications in both IoT and Web.

The Tangle ledger is able to settle transactions with zero fees so devices can trade exact amounts of resources on-demand. The Tangle ledger is so new though and not established as the Blockchain just yet.

So it will be interesting to follow the developments of this technology in 2018 if they get this right it could be a huge disruption to the disruption of Blockchain Technology.

As the Internet-of-Things keep expanding, the need for sharing of resources become a necessity. IOTA enables companies to explore business-2-business models by making every technological resource a potential service to be traded on an open market in real time, with no fees.

The concept of IOTA is really interesting & the fact the designed their own Public Ledger Technology speaks volumes to the confidence they have in the project.

There is still not much evidence of how robust and effective it can be right now.

The developments of this technology is something I am keeping a very keen eye on for 2018.

(These charts were taken on 1/1/18 from http://www.coinmarketcap.com)

  1. Decentralised
  2. Developed New Ledger technology
  3. Tangle Network is unique
  4. Instant Transactions
  5. No Fees
  6. Business -2-Business Payments

https://iota.org/

I really like IOTA but unsure how the Tangle Network will develop. If done right could be the next disrupting technology. Only time will tell.


6- Vertcoin (VTC)

Vertcoin (VTC) stays true to the original vision of cryptocurrency: a financial system owned by its users, the people’s coin.

Vertcoin is developed by community members working as volunteers and the project is wholly funded by donations.

Vertcoin’s algorithm is designed to resist the development of custom mining hardware and multipool mining, ensuring that transactions are validated by a widely distributed network. The developers have pledged to take whatever steps are necessary to protect this coin from specialized mining equipment and make sure that it will always be possible to mine with consumer grade hardware.

DECENTRALIZED MINING

Mining should be fair & easy! Vertcoin do not allow ASICs on their network. The development team is wholly committed to keeping it that way. VTC ensures the long term security and fair distribution of the currency by doing it this way.

ATOMIC CROSS-CHAIN

(Lightning Network Development)

A decentralized way of exchanging your Vertcoins with another. A layer to cross both blockchains (Example: Vertcoin & Litecoin or Bitcoin) – Where you can seamlessly exchange your Vertcoin for Litecoin or Bitcoin (Or the other way around) on your wallet. This is a feature of The Lightning Network.

I think Vertcoin has a true decentralised concept and gives power back to the people. I really like Vertcoin & will be watching this closely. I think VTC has huge growth potential for 2018 in my opinion. No guarantees on any further earnings.

(Charts were taken 1/1/18 from http://www.coinmarketcap.com)

  1. Decentralised
  2. Unique Mining
  3. Lightning Network Capability
  4. Coin Exchange
  5. Owned by the Users
  6. Fast Transactions

https://vertcoin.org/

With lightning Network capability, instant transactions, secure development team attached too. I truly believe this could be a great feature to carry this coin forward as a huge contender in 2018.


These are just some of the coins available & I can not write about all of them on one page. There are to far to many in the market place right now. I am sorry if I could not cover a coin/s you might like on this page, but please let me know your thoughts on some of the coins and I will be happy to try and cover them for you as well.

Here is a list of coins and their purposes hope if finds you well..

This is just my opinion on some of the coins I like and have seen good growth on myself. Please do your own research. We offer no financial advise what so ever.

Many thanks

The Crypto Pro’s

Let’s talk bitcoin Ethereum litecoin Monero & predictions for 2018

What a Mad world Cryptocurrency is and what a year it’s been!!

Have you ever seen anything like this & did you ever expect to be finishing the year end with such mayhem?

20,000% increases, corrections that make you cry, sweat, moments that nearly give you heart attacks & unbelievable moments that make you cry with joy and happiness.

The world has truly gone mad and people are losing sleep the minute they understand this crazy concept.. I am receiving so many calls hearing the same thing and I just love it, welcome to my world for the last few years hahha 😂.

Now can you see why I am so excited and have been shouting this from the roof tops for so long. I remember when I first got started in this industry and I was telling people how it will change the world, and everyone looked at me and thought I was mad😱🤡.

Now bitcoin, Ethereum & litecoin to name but a few have given us proof of concept and shown us that this actually works. Peer to peer banking, decentralised networks & technology that will change the way we use and transact money forever!!

This is just the start and such early days but it is just such a nice feeling seeing my friends, family and network really taking this concept seriously now because I know it will impact their lives in more ways than they can even imagine.

2018 is going to be the year the Cryptocurrency goes mainstream & we see mass global adoption. Usability will become much easier and technology is moving so fast that it is going to evolve in front of your very eyes at such a pace it will shock you.

The question is are you ready for the ride of your life in 2018?

Do you want to really learn how to profit from bitcoin and the alt-coins?

You need to do your own research & take your time first though which is very important do not get caught up in FOMO mode are your time and do what’s right for you!!

You can start here on my website – http://www.thecryptopros.com

Anything you would like to learn or know you are more than welcome to reach out and I will try to help you the best I can.

Let’s talk bitcoin,Ethereum,litecoin,monero and some strategies to help you profit and position yourself correctly for 2018.

P.s

Please subscribe to get all the updates and stay in touch with what is going on in the industry.

The Crypto Pro’s

What is Mining & How Does it Work part 1

The topic that is hot on people’s lips in and around Cryptocurrency right now is MINING.

There is a lot of confusion on what is it, how does it work & is it profitable?

There are 2 different types of mining;

1- Bitcoin Mining (which is run on an ASIC S9 Machine http://whatis.techtarget.com/definition/ASIC-application-specific-integrated-circuit )

2 -GPU Mining (http://searchvirtualdesktop.techtarget.com/definition/GPU-graphics-processing-unit. -Most alt coins like Ethereum, Dash,Monero, Zcash and many more Cryptocurrency coins can be mined on this machine, which I will cover in part two.)

I will go through bitcoin mining for you in this blog so read to the end to get the full understanding of this concept.

Mining = The Creation of coins & the Verification of Transactions.

Let me explain from the begging..

In late 2008 after the great economic crash diminished the banking system, an anonymous called Satoshi Nakamoto released a white paper, saying he found a way to encrypt digital money with the highest possible cryptography available.

Bitcoin was born & this new encrypted money allows us to now conduct and transact money instantly, anywhere in the world just like sending an email.

This i designed through a secured Decentralised network and not a centralised body like the banking system, western union for example.

We can now eliminate the middle man entirely!!

This new technology and Cryptocurrency solves the double spend problem that cryptographers have never been able to solve until now.

Here is an example of how this works:

If I were to send you a picture, an email, a PDF you are actually receiving a copy not the original.

If I were to send you Money across a digital network, you need to know that I have not sent that copy to 100 other people and that you have the original copy: I.e the Money or anything we can send of a value digitally.

Transparency

The main key to this concept you need to understand is that the Money is safe and secure, upon sending and receiving the money & the store of value assets.

Cryptocurrency is verified across a whole network of data centres called the Miners that record & process the data & transactions every ten minutes.

This new digital economy is born.

We can now conduct transactions outside of the Banking institutions, Government issued currencies and third party authorities.

You can now become your own bank that operates 24 hrs a day, everyday with much more efficiency, security & trust that we have never seen before. Peer to Peer banking and one of the greatest disruptions we may ever see in our lifetime.

The birth of Bitcoin is a day in history that will be monumental for generations to come.

The Bitcoin journey began in January 2009 Releasing the Technology Genie once again out of its bottle upon the world.

Experts are saying this will be a bigger invention than the internet.

How do we have trust that by not using the banking system to record transactions (which is a simple a plus or a minus into the ledger or record books) that the sender has sent the money and the receiver has received the Money?

How on earth do we keep records of what has occurred?

Satoshi Nakamoto released the software in January 2009 with an underline technology called the Blockchain, which is a public ledger run on a Distributed Network or a DLT – Distributed Ledger Technology –

This is designed to give 100% !transparency, safety, security which is now run across millions of computers that achieve a consensus every 10 minutes by recording and verifying transactions. More about this In a minute.

The Blockchain is the serious part of this and one of the most important cogs in the wheel of this system. So it is essential you understand how this works as it is so important to our economic future.

The Blockchain is a public ledger that will record and verify every transaction. Just like a Banking ledger that records plus and minuses in a ledger book that records in the same way. Then when a recorded digital transfer of ownership that is input into the network. So any computer or miner in the network have a verified document of the digital transfer that took place. The data or transactions will be verified accordingly and we know who has what through the transfer of ownership.

Then each Miner in the network will have a copy of that verified time-stamped transactions. Each Block contains a piece of the last block’s data attached forming a chain of the transactions or the data that was entered.

The Miners are in a big game and race & who ever verifies the most transactions in a ten minute period are then rewarded for their work .Upon each block that they win, the miner will receive 12.5 coins at today’s value plus the transaction fees that are recorded in that block.

The way the Bitcoin algorithm was deigned by mathematical laws will take until the year 2140 to complete & mine all 21 million bitcoins available. So we have some time,but the most profitable stage is right now!!

BITCOIN MINING

When bitcoin was first released back in 2009 the block reward for miners was 50 coins, then four years later it halved to 25 then it halved again and is now 12.5, & In 2020 it will be halved again to 6.25 coins per block reward for the miners.

The interesting part is that the miners get also rewarded the transaction fees that are recorded in the 10 min block of data and verified by the Blockchain.

You can see all bitcoin transactions on the Bitcoin Blockchain here.

http://www.blockchain.info

When I first started my journey into Bitcoin there were only a a couple of hundred transactions every 24 hrs. Now we are recording over 300,000 every 24hrs.

This picture was taken just a few weeks after the first one so you can see the magnitude of what has happened the bitcoin market with Billions in Market cap being added and hundred thousand transactions more on average every 24hrs.

The Miners are the ones who are getting rewarded from these transactions!!

Can you imagine when there are 1 million,- 10 million transactions every 24 hrs?

Bitcoin is only designed to only ever have 21 Million coins available. It can never have any more, unlike a Government issued currency where they can print as much as they like which actually devalues your wealth every time they do this.

Cryptocurrency offers a much more secure financial model that can increase in value, because of supply and demand rules.

When you have a finite product and such high demand can only push the value up. It’s just 101 economics.

Bitcoin price started at just 0.01 cents and at today’s value has now climbed to around the $ 15000 dollars mark and is only just getting started.

When every single miner has a copy of that data that was recorded in the Block, you know 100% that the transfer has been recorded and the receiver will have their money, contract, loan, school results, and votes what ever it may be.

The internet was about information, this is about value.

You cannot lie, cheat or manipulate the Blockchain in anyway. Once the transaction has been verified it is irreversible.The Miners job is to secure the network and verify the transactions.

SECURITY

If you tried to attack the Blockchain you would have to attack every single miner in the network at the same time within a ten-minute window. This is physically impossible!!

The effect of creating a chain of blocks from the very first Genesis Block to the current block is simply huge. Each block is guaranteed to come after the previous block chronologically because the previous block’s data would otherwise not be known.

This means we cannot double spend money as the Blockchain would recognise the serial number on the coin and see that the coin has already been used and would reject that transaction.

It is also possible to use the Blockchain algorithm for non-financial purposes. The Blockchain is broadcast to all of the Miners on the network that anything recorded there can be kept for safekeeping on the public ledger. This is now the safest and most secure way you could ever transact money, legal documents, loans, personal ID and much much more.

OPPORTUNITY

There are many Miners around the world and competition is now very tough. It’s a big game and a race to who has the most power to try and win as many blocks in a 24 hr period as you can.

There are only 1800 new coins at today’s value that can be released every 24 hrs. With competition like this makes it harder to mine coins, but it’s the transaction fees that will just continue to grow, the more bitcoin is used and accepted across the world.

Whom ever has the most power wins!!

Here is a recent chart that shows the top Miners in the world running on PETA Hash with is Trillions of hashes per second computing transactions.

Here is a chart that shows what the power means so you can get a visual of how much this actually is because some Miners out there are mining on much smaller power like Mega & Giga Hash per second. So you can see the difference here and magnitude of the Miners who are on this chart above.

Hash rate denominations

• 1 kH/s is 1,000 (one thousand) hashes per second

• 1 MH/s is 1,000,000 (one million) hashes per second.

• 1 GH/s is 1,000,000,000 (one billion) hashes per second.

• 1 TH/s is 1,000,000,000,000 (one trillion) hashes per second.

• 1 PH/s is 1,000,000,000,000,000 (one quadrillion) hashes per second.

• 1 EH/s is 1,000,000,000,000,000,000 (one quintillion) hashes per second

In 2009 you could mine bitcoin just on your PC but now you need a warehouse the size of a football field Full of millions of dollars worth of equipment to be profitable. The warehouses I am talking about have electricity costs of millions per month to run the data centres. It’s a very big project.

There are only a handful of Miners out there that really are mining & producing coins on a big scale and actually show their results on the Blockchain. For me if a company say they are mining and can not show you any block trail & the evidence of what they have produced & mined, please stay well away. Mining is 100% transparent there is nothing to hide. If it’s not shown on the Blockchain it’s not mining in my opinion.

There are many companies that offer cloud mining & you are just purchase some hash power, which for me is just rubbish as they can not document or prove what they are mining. They can easily be ripping you off. As they can not prove anything.

Please be careful.

If you are partnered with the right mining facility you can be very profitable.

Please do not worry nothing technical is needed here either.

Mining is one of the hottest topics out in the Cryptocurrency space right now and you can get paid in bitcoin every 24hrs?

You can also mine Ethereum, Monero, Zcash just for an example it is up to you what you want to choose to do.

Please take this seriously though as you are putting up the capital for the hardware & the energy needed to help produce the coins and you can actually produce your bitcoin at a much deeper discount than if you was to purchase it on one of the many exchanges available.

I have partnered with one of the most established, credible mining facilities that have proved them self over the last 3 years. The platform have now mined well over $900Million Dollars worth of bitcoin in the last 2 years alone. The company is about to add another $200Million Dollars worth of new equipment in the next month or so and will put them in the top 3 mining pools with the most power in the world. I truly believe they will be the Number 1 mining facility within the next year due to the professional outtake they have and the 100% transparency they offer as well.

Demand is high & If you you would like to know more about this then please get in touch and I can guide you in the right direction.

CONCLUSION

Mining can offer you one of the greatest opportunities within Cryptocurrency today.

The safest and most secure way to partake within the industry is mining

Mining is the creation of the coins and securing the Network by verifying the transactions that are recorded every ten minutes.

Remember nothing technicall is needed here the mining company I am partnered with will do all of that for you.

You will be putting up the capital for the equipment and hardware needed to produce more bitcoins or other coins available, which we have one of the best companies in the world to do this all for you.

The movements can be volatile in the markets and you never know what the price will be or do. So mining allows you to hedge against the price and you get your coins at a deep discount for putting up the capital for the equipment & energy needed to produce and partake in the mining process.

So no matter what happens in the market place you are always safe and your coins are making coins every 24hrs. The price can fall dramatically and it does not effect the Miners. If the price does drop that means we can mine more coins.

It’s Win Win being a miner so start your journey today and be part of the hottest opportunity in the world right now!!

Many thanks

The Crypto Pro’s

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What is Ripple and is it the next big Cryptocurrency

The Cryptocurrency world is In a crazy frenzy right now everyone is going nuts for Bitcoin and Ethereum which you are probably seeing everywhere right now,!!

Deep in the background though not far behind Bitcoin and Ethereum there is a dark horse gearing up to go on one almighty gallop and break into the biggest race the world has ever seen to become the best global payment system.

The coin I am talking about is Ripple, which is designed to help financial institutions transact money between one another in seconds. Ripple will dramatically change the way we transact money across he world.

Ripple has been sitting under the radar at pennies on the dollar for some time now, yet it sits fourth in the marketplace with the largest market cap at nearly $9bln and the price only 0.23c right now.

When I discovered and joined Ripple a few years ago the price was 0.04c so seeing it mature and gaining vast credibility and such a strong following is just incredible.

I truly believe Ripple has the power to be one of the biggest coins in the marketplace. (which is just my opinion)

Ripple has the potential to go head-to-head against digital currencies like Bitcoin and Ethereum. Why?

XRP the currency tag for Ripple has a clear use case,

“It is one of the largest digital assets by market capitalization and is designed for use by financial institutions as an on-demand liquidity solution for cross-border payments.

For example, payments into emerging markets can require multiple currency traders — added costs — or pre-funded local currency accounts — which often results in trapped capital. Instead, payment providers and banks can use XRP to fund these payments on demand, without intermediaries, at up to 60% less cost to settle.”

Speed is another factor which comes into play. XRP is also the fastest, most scalable and secure digital asset.

“XRP today can process up to 1,500 transactions per second on the XRP Ledger, which is supported by a community of trusted validators and a team of full-time engineers that actively develops and maintains the ledger,”

Ripple CTO Stefan Thomas said. “Unlike other public blockchains that select validators via mining, XRP Ledger’s validators are chosen by users and hosted using enterprise-grade infrastructure, making it the only enterprise-ready blockchain today.”

So what are the benefits of Ripple and what sets this currency apart?

“Ripple is the only blockchain network with real customers – who have signed deals with over 90 customers globally and over 75 customers are in various stages of deploying Ripple for commercial use,” said Thomas.

Ripple also recently announced it is growing its product suite, including xCurrent, xRapid and xVia.

“We are growing to serve our global customer base and now have offices in San Francisco, New York, London and Sydney – and a joint venture with SBI Ripple Asia to serve Asia,” said Thomas.

Mathew Pulickel, Senior Vice President, Emerging Technology at WorldLink, said: “We believe Ripple’s network will revolutionize commerce in the future and the way our customers do business, and that’s why we have chosen to run a validator node on the XRP Ledger”

The fact that 60 banks are now in the process of commercially deploying Ripple’s enterprise software—among them Bank of England,Santander, Royal Bank of Canada and Mitsubishi UFJ Financial Group just to name a few —reflects the company’s drive to,become one of the biggest Cryptocurrencies in the market place.

Here are just some of their customers already…

The company’s larger vision is to build an “internet of value,” a global internetworking system for money—would be tremendously disruptive to the status quo of international banking. In this system, monetary value could flow seamlessly from a bank ledger to a public blockchain to a mobile money system—all interoperable and working together to move money from one side of the globe to the other.

In other words, Ripple doesn’t just want to help banks make cross-border payments. It wants to make the world’s assets liquid. If Ripple has its way, it will do more than knock out Swift; it will have found a way to make money move like information.

In April, the Spanish bank BBVA completed a series of international money transfers between Spain and Mexico using Ripple’s distributed ledger technology. The transfers took mere seconds, BBVA said, as opposed to the four days it normally takes for such international transfers to clear.

But there are signs of progress. In March, Ripple announced that a consortium of 47 Japanese banks had successfully completed a pilot with its enterprise software. Twelve more banks have since joined the consortium, and they are planning to deploy a commercial version of the blockchain solution at scale in October 2017. Ripple’s software is now touching 40% of customer banking accounts in Japan,

Ripple’s Inter-Ledger Protocol (ILP)

With Ripple and ILP, banks can leverage unlimited scalability and complete transaction privacy. This comes in addition to all of the existing advantages of Ripple’s distributed financial technology.

Ripple is thrilled to introduce the Interledger Protocol (ILP) for efficient payments across payment networks.

Time and again, we’ve heard from banks that Ripple changes the game—providing banks the ability to transact directly, instantly and with certainty.

Ripple ILP completed a test in which the company sent ether—the native coin of the Ethereum network—to the Ripple consensus ledger; the ether was received as XRP in a Ripple wallet. It was therefore “both a cross-ledger and a cross-currency transfer,”

Ripple’s Cryptocurrency XRP is today the world’s fourth largest digital currency by market capitalisation. Ripple’s big idea is to use XRP—once its market cap gets high enough and it is being traded heavily enough—to provide banks with liquidity on demand. During a transaction, a fiat currency like the U.S. dollar would be converted by market makers into XRP and almost instantly swapped back into another fiat currency, like British pounds, on the other side.

So as you can see the technology behind Ripple is just incredible and I truly believe this is one to watch. The only problem I do see is that they have far to much supply already in circulation with 38 Billion coins on the market at present & the price is still extremely low does that harness the future price?

Or is the Technology so good that it will push through and become the giant it deserves to be?

Only time can tell….,,

Conclusion

Ripple is a technology that could change the banking infrastructure and the way we send payments around the world with the Most scaleable and fastest payment system in the market today.

Ripple is being tested with some of the biggest financial institutions in the world and passing with flying colours.

There is LOTS of potential for further growth with Ripple especially once this comes into full flow and the banks are using this on a daily basis the sky is the limit.

I know I am adding more Ripple to my Portfolio if you choose to do the same that is up to you.

Disclaimer – This is not financial advise in any way it is just my opinion. And no one else’s.

The future is certainly bright for Ripple & I believe we will be hearing lots more about this coin very soon.

What are your thoughts on Ripple?

Leave us a comment below and share and like if you got value from this post.

Many thanks

The Crypto Pro’s

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