Rbtony1 | About crypto




What is the Blockchain?

Bitcoin is dependent on the blockchain that underlies and structures the system. The blockchain is the vertebrae of the protocol and the glue that holds the network together. It is simply a vast, distributed public ledger of account. It keeps track of every transaction ever made in the network, and all transactions are timestamped and verified by network miners. This is how it works: miners with specialized computers compete to solve mathematical puzzles with other computers, and once they solve a puzzle they are awarded with some Bitcoin, and they also add a “block” of completed transactions to the blockchain for future viewing and verifiability. Once a block is added to the chain the cycle repeats itself, and the computers continue to compete to solve these difficult problems. Every transaction on the blockchain is completely transparent and accounted for in its log. Anyone can see the public keys of any transaction they want (although there are no names associated with transactions). One could go all the way back and view the very first transactions ever made on the first block ever created; this block was called the Genesis Block.

What is Bitcoin?
Bitcoin is a currency born into the digital age. When using Bitcoin for the first time people should get an idea of how it works. Digital money is different than the traditional finance world is used to. It offers three core values in which many currencies cannot attain: Decentralization, Open Source, and Peer-to-Peer networking. It is important to get an idea of how to use Bitcoin before investing in it or opening a wallet. At Bitcoin.com we are very passionate about the protocol and want to help you learn along the way. There is a lot to learn, but it is not beyond your grasp. Bitcoin is a truly beautiful innovation, and it has the capacity to change the world.

Why Trust Bitcoin?

Bitcoin is a network operating by the three foundational principles of technological freedom: Decentralization, open source code, and true peer-to-peer technology. Bitcoin’s trust is based on the subjective valuations of human faith in mathematical algorithms, encryption and numbers. With the three pillars of technological principles Bitcoin’s blockchain is a peer-reviewed system of integrity.

10 reasons to buy Bitcoin in 2020


It’s a new asset class. Asset classes, or areas of investment, have traditionally included stocks, bonds, and, more recently, entities such as real estate. Now cryptocurrency has been added to that list, with Bitcoin gaining momentum and recognition as a completely new asset class. With companies such as Bakkt bringing institutional investing in Bitcoin to the mainstream, it will likely show up in pension funds and on the recommendations of investment advisors in the near future.

It performs independently of other markets. When the stock market drops, Bitcoin remains unscathed. That may be a blanket statement, but it’s not an inaccurate one. Of course, that shouldn’t come as a huge surprise. After all, the very creation of Bitcoin came as a response to the stock market crash, the bursting of the real estate bubble, and an overall distrust in traditional money systems. But for today’s investors, that separation correlates to better risk management and a more diverse portfolio.

It’s not subject to the same inflation and devaluation as FIAT. What will your salary buy next year? Or even next week? If you live in Venezuela, Sudan, Argentina, or Zimbabwe, the answer is “not much” thanks to hyperinflation. But the devaluation of fiat currency (that is, government backed currency, such as the Euro or Yen) is a global problem. Countries in Eastern Europe have an inflation rate of over 3%, and even the United States has an inflation rate above the 2% target goal set by the US Federal Reserve. The finite nature of Bitcoin—only a certain number of coins can ever be issued—means the currency manages to avoid that problem. Add to that the fact that the Bitcoin reward for mining a block is halved every four years, and the rate of inflation actually decreases over time. When the next Bitcoin halving occurs in May 2020, the rate of inflation will drop to 1.8%, meaning it will be stronger than the US dollar is now.

It’s a great store of value. Is Bitcoin digital gold? We say it’s better. The cryptocurrency has often been compared to gold with good reason: it’s a universal currency that’s not controlled by any one government or entity; it’s difficult to mine; and it exists in a limited supply, which increases its value. And because, as we covered above, it’s not subject to the same inflation as fiat currency, it also doesn’t depreciate, making it an excellent store of value. What makes it better? Unlike gold, Bitcoin is digital. Whereas gold becomes cumbersome in large quantities, Bitcoin is easy to keep and transport in both small and large amounts. 0.25 BTC and 25 BTC can be stored in the same cryptocurrency wallet.

It can’t be confiscated. In many countries, your fiat currency can be frozen by the bank or your assets can be seized by the government with little to no warning. Cryptocurrency is different. It’s not controlled by a central bank or government, which means that if you hold your Bitcoin wallet keys, only you have access to and control over your money, with no government intervention possible.

The infrastructure around it is in hyper-growth. Bitcoin is no longer just the dream of a group of economic anarchists. As the benefits of blockchain technology continue to prove themselves, companies such as Visa, Fidelity, and Square are finding ways to integrate Bitcoin solutions into their products, and even the big banks themselves, including Bank of America and Wells Fargo, are experimenting with blockchain, driving the infrastructure into hyper-growth.

It’s called the Honey Badger for a reason. Bitcoin isn’t controlled by any one entity, making it impossible to restrain. It was created and is controlled by a peer network, with no one government or entity at the helm. Because it is universal , government bans, regulations, and restrictions can only go so far, and at the end of the day, Bitcoin will perform like the force of nature that it is. It’s what makes Bitcoin a new financial system, one that’s by the people and for the people, and the key to economic freedom.

It will make you question what you already know. (And that’s a good thing.) When was the last time you thought about where your money comes from or about who controls its value? If you’re like most of us, not recently. The existence of money in its current form is something we take for granted, whether we have a lot of it or not. But cryptocurrency upends our assumptions, showing us that governments don’t have to be in control of our funds, that money doesn’t have to be stored in banks, and that currency can be immune to hyperinflation and corruption. ripple

It will make you want to know more. Fiat currency is old news. And once our assumptions about how money works are turned over, we can’t help but be driven by a hunger for knowledge. Bitcoin will make you ask why we’ve been willing to settle for fiat until now. It will make you want to understand how the blockchain works, and why a financial revolution is necessary. And it’s important to know these things; after all, Bitcoin is the money of the future.

It will most likely appreciate in value. The price fluctuations that Bitcoin has experienced in the last few years leaves many people saying that Bitcoin is too volatile to count on. But while price volatility has certainly led to dramatic spikes and drops, most notably in 2017-2018, Bitcoin’s overall arc has followed an undeniably upward trajectory. In other words, if you hold it long enough, the probability of appreciation in value is higher than any other asset class in the past 11 years.

Bitcoin was created as a way for people to reclaim their power over their own economies. Eleven years later, Bitcoin is not only giving people across the globe the ability to do just that, but it’s also proven to be a successful investment, one that’s worthy of its title as the future of money.

Many people now want to invest in Ethereum due to the benefits it provides. In this article, we will go through some of the reasons you might want to invest in this popular cryptocurrency. If you have any doubts as to whether it is a good idea to buy Ethereum, especially with the volatile crypto market, we might be able to help you out. History of Ethereum Before we explain the reasons why you should in invest in Ethereum, it is important to know the history of Ethereum and how it has got to where it is today. In 2013, developer Vitalik Buterin proposed the Ethereum network. In 2014, Vitalik and supporters conducted a crowd sale to fund the development costs.

Many people now want to invest in Ethereum due to the benefits it provides. In this article, we will go through some of the reasons you might want to invest in this popular cryptocurrency. If you have any doubts as to whether it is a good idea to buy Ethereum, especially with the volatile crypto market, we might be able to help you out.


History of Ethereum

Before we explain the reasons why you should in invest in Ethereum, it is important to know the history of Ethereum and how it has got to where it is today.

In 2013, developer Vitalik Buterin proposed the Ethereum network. In 2014, Vitalik and supporters conducted a crowd sale to fund the development costs. During the crowd sale, they offered 2000 Ether for each Bitcoin that was contributed. In July 2015, the Ethereum blockchain and network was launched.
Ethereum is now the most well known decentralised smart contract platform, with around 100 million Ether on its network.


Why invest in Ethereum?

Growing in popularity

As with Bitcoin, Ethereum has risen in popularity over the years as people have started to truly embrace cryptocurrencies. Ether has been publicly traded since 2016 and has established itself as one of the largest digital assets.

Due to this popularity, exchanges and wallets have ensured they support Ethereum and all other ERC-20 tokens. Popular exchanges including Coinbase, Coinmama and Bitpanda are all known for being popular and well-trusted exchanges that sell Ethereum. Having these platforms available makes accessing the cryptocurrency much easier, which in turn continues to grow its popularity.

Ethereum can also be bought through PayPal, credit and debit cards and through LocalEthereum. Again, having so many different platforms to choose from when purchasing Ethereum makes the currency in even more demand.

There are currently over 100 million Ethereum tokens in circulation, with the cryptocurrency being used to incentivise its miners to run their mining hardware on the platform. The tokens can also be used for payments between users, similar to Bitcoin. With more and more places accepting cryptocurrency as a payment, is it time you invested in this popular cryptocurrency?

The future

Digital currencies such as Ethereum have the potential to revolutionise the future of all industries. We have seen already that Ethereum can changes sectors such as healthcare, finance and the government. Trust in traditional markets also continues to decrease in some parts of the world and they are turning to cryptocurrency as a result.

Let’s look at the healthcare example. Ethereum’s blockchain allows patients’ documents to be safely shared with other GPs and hospitals. Using this technology will make processing patients information much more efficient.

Ethereum’s smart contract platform can also eliminate the need for paperwork in other industries. It can significantly reduce costs and cut out the need for middlemen in many sectors. Without the need for brokers, banks or lawyers, individuals will be able to save a considerable amount of money and processes will become streamlined.



Ethereum will continue to grow in popularity, and as it does the price rise and the demand will grow. We have written about some of the different reasons you may want to invest in Ethereum but it is important to remember, no matter how popular Ethereum is, a crypto market is a volatile place. For this reason, it is advised to do the proper research on all cryptocurrencies before making your decision on which to invest in.

What is XRP

XRP is a token used for representing the transfer of value across the Ripple Network. The main purpose of XRP is to be a mediator for other – both cryptocurrencies and fiat – exchanges. The best way to describe XRP is a ‘Joker’. Not the creepy Batman enemy, but the card that can be any other card. If you want to exchange dollars to euro, it can be dollar with dollars and euro with euros to minimize the commission. As highlighted above, the transaction cost on Ripple is $0.00001.

An interesting fact: after the transaction the amount of $0.00001 ‘disappears’ from the platform and can’t be replenished. So, with every transaction the world becomes $0.00001 poorer. It is designed that way to prevent spammers attacks.

Who created Ripple (XRP)

The protocol as a working prototype was created away back in 2004.

But the real history starts in 2013, when Jed McCaleb, the creator of the EDonkey network invited a bunch of world rank investors to invest in Ripple Labs.

A look at the investment potential of XRP

Cryptocurrencies have gained mainstream popularity in the financial community because of their capacity as a great investment vehicle.

For those new to the cryptocurrency game, a good way to test the investment waters is through Ripple or XRP.

More commonly known as XRP, it’s often cited as one of the most underrated cryptocurrency, even though it’s the third largest in the market.

But its centralised-decentralised nature also makes it more stable – making it a good investment for newbies as well as very careful investors.

Also, it’s currently selling for very cheap with a 300% projected return.

Which, even if you’re no seasoned investor, you can tell is bigger (much bigger!) than the estimated 56% return for more household name cryptocurrencies like Bitcoin and Ethereum.

Got your attention now?

Here are more reasons why XRP is an excellent crypto asset that you should definitely buy XRP this year.
Accessible and scalable

With about 100 banks currently testing the Ripple system and major exchanges offering it for selling, buying, and trading purposes, XRP is a highly accessible digital currency.

Analysts also predict that with the recent credit card outages due to hardware and software failures, alternative modes of payments like XRP will soon become the norm.

And in terms of scalability, a review of how Ripple used performance engineering to improve their product and achieving throughput gains of over 1000%.

Currently, the XRP Ledger is now able to handle and sustain a throughput of 1,500 transactions per second. Which is lightyears ahead of Ethereum’s 15 per second and Bitcoin’s 7 per second.

This means it can handle quick and secure transactions on a global scale much better than its more well-known competitors.

Comes at a lower price

Unlike other major digital assets, XRP is available at a comparatively low price – a really low price.

While Bitcoin is selling for thousands of dollars and Ethereum for hundreds, XRP will cost you less than a dollar to buy.

It’s relatively risk-free with a lot of room for ROI. Which makes it one of the best crypto coins to buy and invest in, especially if you’re a beginner.

Has great relationship with banks

Although cryptocurrency is gaining popularity in recent years, it doesn’t mean that banking systems and other major financial situations will cease to operate.

Currently, XRP is being widely adopted and accepted by a variety of banks such as Axis Bank, Akbank, SBI Remit, and Yes Bank among others.

This widespread acceptance of XRP by banks has become a bridge for the cryptocurrency to enter the world of traditional finance.

Not to mention, Ripple’s good relationship with financial institutions, makes XRP more likely immune to the changing regulations of cryptocurrency.

Has potential for a good ROI

Based on great public interest, experts are predicting a steady surge in the price of XRP in the coming years.

For example, if the current trading price of XRP is $0.20 and it’s believed to rise at $0.75 by the end of the year, your potential ROI will be over $300. This figure shows how much of a good investment XRP is.

Its partnership with banks and tech giants only makes it more appealing as other ways you could invest your capital. Which makes XRP an excellent alternative investment option for newbies.

Has major institutional investors

What’s great about having tech conglomerates like Google and Apple is that it conveys two important things – capacity for global scale and potential for real world application.

For this reason, buying XRP is a smart idea. Because if these giants are interested in the technology, it only means that we’ll soon see it in their own platform in action as a way of simplifying and securing payments for their global customer base.

Uses third generation Blockchain technology

While Bitcoin uses first-generation blockchain technology, Ripple, on the other hand, uses the better, faster third-generation version.

With this technology, Ripple was able to handle large scale transactions worth 4.6 billion XRP or about $1.6 billion within seconds – and at a lower cost..

So if you’re making money transfers on a regular basis, buying and using XRP for this purpose is a great idea.

Just remember to take the necessary precautions to keep your transactions secure. Consider different purchasing and storage options for redundancy.


If you don’t know which cryptocurrency is the perfect one to buy and invest in this year, XRP is a good low-risk option with a big potential for great ROI.

Undeniably, with a good tech team, major investors, and links to traditional financial institutions, XRP is slated to be one of the best investment options when it comes to cryptocurrency.

But, just like any investment, make sure you do your research before buying your first XRP coins.