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1  Local / India / Re: Cyptocurrency not banned in India on: June 17, 2020, 09:27:52 AM
Yes, cryptocurrency is absolutely legal in India as the Supremecourt has lifted the ban on cryptocurrency.
2  Local / Press & News from India / CoinSwitch Kuber is Officially LIVE! on: June 17, 2020, 08:59:37 AM
We are happy to announce that now the CoinSwitch kuber is live where you can trade 100+ cryptocurrency with instant deposit and withdrawl.
Source: https://blog.coinswitch.co/coinswitch-kuber-is-officially-live-e4dbfc7d1d33
3  Local / India / Re: Current status of Indian Crypto exchanges on: May 22, 2020, 08:20:45 AM
I have never used Wazirx and Unocoin but recently I have invented one exchange called CoinSwitch where you can buy, sell and trade 100+ coins with INR. You can try trading of small amount here if you are satisfied you can go for a bigger amount.
4  Alternate cryptocurrencies / Service Discussion (Altcoins) / Mist Vs MyEtherWallet on: May 04, 2020, 02:55:39 PM
Basically, a cryptocurrency wallet is a software that stores the keys you have for sending and receiving cryptocurrency tokens. These wallets also allow the users to check their cryptocurrency funds. All the transactions are updated on the blockchain network.

In other words, the wallet records all your cryptocurrency transactions but never stores the funds or your crypto money. So, what are the blockchains? Blockchains refer to the ledgers that are constantly updated. Thus, the ledger or blockchain is nothing but a transaction data.

Although cryptocurrencies have their own set of perks and drawbacks, many people are employing them more and more, resulting in their growing popularity. Thus, with this rise to fame, there is no dearth of cryptocurrency wallets.

Which is The Best Wallet For Your Cryptocurrency?

This is often a common concern among users of cryptocurrencies. While most of them are open-source running on decentralized systems, there are certain salient features that make the best one outshines the rest.

While we may not be able to discuss the features of all the cryptocurrencies out there, we have shortlisted Mist and MyEther Wallets. So, this article is a detailed analysis of the Mist vs. MyEther Wallet.

But before getting into these two wallets. First, let us understand the function or the purpose of any cryptocurrency wallet.

Typically, a cryptocurrency wallet could be any kind of entity like a physical device, service, or even a program. It entitles the users to track, send, and receive cryptocurrencies.

While the cryptocurrency is not specifically stored in the wallets, they are stored and also maintained in blockchains.

Thus, the wallet derives cryptocurrency from the blockchain and also updates the transactions on the blockchain.

A cryptocurrency wallet also stores the private and public keys where the private key is for spending or sending the cryptocurrency from one’s wallet, the public key is to receive cryptocurrencies.

Mist Vs MyEther Wallet: A Comparative Study

As the official Ethereum blockchain wallet, the Mist wallet platform was explicitly created to be used for exploring both the DApps and blockchain networks. In layman’s language, Mist is your typical browser created by ETH developers that are based on blockchain.

The Mist Wallet is a Full Node wallet that is also open-source. Like software, it is compatible with both mobile and desktop devices. However, you can only use Ethereum and ERC20 wallets. And, also there is no option of swapping the crypto coins.

However, there are no fees for completing transactions on the Mist wallet platform. Nevertheless, whenever you send cryptocurrencies, miner fees for validating the transaction applies

MEW or the MyEther Wallet is also an open-source wallet, and it functions on the client-side interface that enables the wallet users to interact with the Ethereum blockchain. Here, the wallet is not a part of a centralized exchange.

While both are decentralized open-source networks, there are certain underlying differences. Here’s what more you can do with MyEther Wallet.

With MyEther Wallet, you can build your very own Eth wallet. You can use it to both send and receive ETH and also tokens. There are different wallet types to access, like MEW CX, MEW wallet mobile app.

The MEW also enables you to swap different cryptocurrencies, including and not limited to ETH, ETC, Bitcoins, Altcoins, etc. Unlike other wallets, MEW also has the option of sending digital coins or cryptocurrencies offline with its Offline Helper.

Top Differences Between The Mist Wallet And MyEther Wallet

Mist is the most common and standard wallet for cryptocurrencies. One can not only send, receive but also store their cryptocurrencies. That being said, to use a Mist wallet, the users must first download the Mist wallet.

On the other hand, MEW or MyEther wallet is a web-based service where you can control your cryptocurrency funds. Thus, there is no requirement to download it.

Offline Transaction

While the Mist wallet enables it to do the same with MyEther wallet, the device where the offline wallet is created must be connected to the internet. Thus, though cold storage (offline transaction) is a possibility in MyEther wallet, unlike the Mist wallet, internet connectivity is a must.

Safety from hackers and attacks on funds. While this is a possibility with MyEther Wallet as it is an online server, Mist is believed to be much safe.

Thus, to sum up, the primary differences, one is a web server, the other is a software that must be downloaded. The offline transaction is the second major difference. The last difference is that the type of cryptocurrencies that are compatible. While one is specific for certain coins, the other allows the swapping of various kinds of cryptocurrencies.

The bottom line is choosing the best wallet could be quite intimidating. However, based on an individual’s need, one can choose either of the two wallets.

source: https://coinswitch.co/news/mist-vs-myetherwallet-top-differences-you-need-to-know
5  Other / Beginners & Help / Re: LoyceV's Beginners guide to correct use of the Trust system on: April 27, 2020, 10:00:55 AM
Have a doubt here if trust gives us so much of information on a account then why is it not visible like the way merits and activity is visible. Why is it so hidden?
6  Economy / Speculation / Re: What this Bitcoin halving bring? Does the Bitcoin price go up or down? on: April 27, 2020, 09:56:26 AM
Let us keep our fingers crossed, and we can get to see the actual impact post the event.

Here is one prediction that you can see: https://www.youtube.com/watch?v=GNFMIXNW48I
7  Bitcoin / Wallet software / Re: Coinomi Wallet - Looking For Honest Reviews on: April 27, 2020, 09:54:01 AM
As stated earlier, in the Coinomi Wallet Review 2020, we will learn everything about Coinomi. Let’s start with what makes it different from the rest in this Coinomi Review.

As a multi-chain and security-first wallet ideal for both mobiles and desktops, Coinomi supports over 125 blockchains. And, this is by far the highest number in terms of cryptocurrency.

Also, it is ideal for thousands of tokens, unlike others that are limited to specific tokens. Apart from this, Coinomi offers over 160 fiat currency and is readable in 25 languages. Now, let’s learn how to download Coinomi Wallet APK.

Source and details on the review: https://coinswitch.co/news/coinomi-multi-cryptocurrency-wallet-complete-beginners-guide
8  Other / Beginners & Help / Etana Crypto Custody Firm Reports Data Security Breach on: April 27, 2020, 09:47:01 AM
Etana Custody, a cryptocurrency custody services provider for exchanges and traders has reported a data security breach. The breach also enabled an unauthorized external party to access its client user interface.

April 25, 2020 | AtoZ Markets – Etana Custody has suffered a data security breach last weekend, according to a memo reviewed by AtoZ Markets.

Etana security breach caused no damage to user funds

Etana said the breach, which occurred on April 18, resulted in an unauthorized external party to access its client user interface. According to the company, the security breach has not caused any damage to the user funds. Etana Custody firms offer cryptocurrency custody services to exchanges and institutions. The data security breach happened on 18 April and involved a third-party gaining unauthorized access to Etana’s client user interface.

A spokesperson from Etana clarified that the client funds are safe, and there has been no illegal siphoning off of user funds. However, some believe the attacker has taken some information. Etana security breach comes amidst the lockdowns due to the Coronavirus pandemic.

Source: https://atozmarkets.com/news/etana-custody-reports-data-security-breach

But they say that the Users’ Funds Are Safe Following Reported Etana Custody Breach: https://cointelegraph.com/news/users-funds-are-safe-following-reported-etana-custody-breach

Do not understand which statement is true.
9  Alternate cryptocurrencies / Altcoin Discussion / Re: Cardano Vs Ethereum Comparison on: April 27, 2020, 09:26:09 AM
Man, if you had some flashy eye-catching iconographic comparing these two, I'd send some merit your way.
But as it stands, it's a link to an external blog, so no merit.

I liked the article that I read so shared. There is no point in not mentioning the article that gave me the data so, mentioned the link.
10  Other / Off-topic / Re: How To Make Extra Money During Quarantine on: April 26, 2020, 04:56:25 PM
You can try to write content for different blockchain project and get paid in the crypto.
11  Other / Beginners & Help / Re: Need Beginner Suggestions on: April 26, 2020, 04:49:53 PM
There is a very long path that we all need to travel to get to that point there are many things that are involved like share knowledge, get merits, do sufficient activity. There are even counts on that the particular combination of merit and activity can only upgrade the account.
12  Alternate cryptocurrencies / Altcoin Discussion / Cardano Vs Ethereum Comparison on: April 26, 2020, 04:31:45 PM
Ethereum (ETH) and Cardano (ADA), both have been superior in terms of their performance in the crypto space. Although Ethereum is the second-largest cryptocurrency in the world, Cardano has proved itself to be one of the potential digital currencies, too. Both are very popular as decentralized applications (dApp) platforms. Both of them have a very active community of supporters and developers. Ethereum was founded by Vitalik Buterin, who is very active on social media and updates the enthusiasts on a daily basis. Cardano was founded by Charles Hoskinson, who happens to play a big role in the community enhancement of Cardano.

Let us check the major differences between Cardano and Ethereum

1 Consensus Mechanism
Ethereum uses the Proof of Work (PoW) Consensus algorithm and is on the transition process to Proof of Stake (PoS), which will be happening very soon. Ethereum’s new PoS algorithm, Casper, is an attempt to get rid of the scalability issue that Ethereum has been facing before. Cardano, on the other hand, uses the Proof of Stake consensus mechanism but uses the Ouroboros algorithm, which works on the basis of “slot leaders” creating and verifying blocks.

2 Programming Languages
The primary programming language for Ethereum is Solidity, which is created to build smart contracts that run on teh Ethereum Virtual Machine (EVM). Cardano uses Haskel and Plutus as its programming language, wherein Haskel has been there since 1990, and its recent stable release happened in 2010. Plutus is a programming language created by the Cardano development team.

3 Price
Ethereum is trading at $113.63, with a market capitalization of around $12 billion and a circulating supply of 110,147,457 ETH. Cardano is trading at $0.025078, with a market capitalization of around $650 million and a circulating supply of around 25 billion USD.

Source: https://coinswitch.co/news/cardano-vs-ethereum-top-3-differences-you-need-to-know
13  Bitcoin / Bitcoin Discussion / Re: John McAfee 2020 Prediction on: April 26, 2020, 02:59:25 PM
Mcafee was once star not anymore. I like the below prediction
https://www.youtube.com/watch?v=GNFMIXNW48I
14  Alternate cryptocurrencies / Service Announcements (Altcoins) / Get upto 500 TRX- CRUXPay and Guarda integration on: April 26, 2020, 02:12:22 PM
You can get free cryptocurrency by various means like joining a referral program and joining the giveaways which distribute free crypto tokens.

Recently, I came across a giveaway campaign on twitter where you can earn up to 500 TRX by following few steps.

Follow are the 3 simple steps to earn free TRX -

  • Follow @cruxpay and @GuardaWallet twitter handle.
  • Tweet your Guarda CRUX ID tagging @cruxpay, @cruxpay_tipbot, and @GuardaWallet and put the hashtag #cruxpay
  • The first 150 users will get assured crypto tips every day.

Visit here to know more details about the campaign https://cruxpay.com/tipbot/#/%2Fguarda%2Fcreate-crux
15  Economy / Service Announcements / [ANN] Buy Cryptos at 50% Discount in Fee on: April 09, 2020, 05:53:57 PM
CoinSwitch is pleased to announce a collective campaign with one of our partners and a leading fiat to crypto payment processing company, Simplex from April 9, 2020, to April 15, 2020. The users will be able to avail flat 50% discount in fee on buying cryptocurrencies from all the 21 Simplex-supported fiat currencies, with Visa/Master credit and debit cards.

Simplex has recently added 19 new fiat currencies, apart from the existing US Dollars (USD) and Euro (EURO). This will help users across the globe to acquire cryptocurrency using their native fiat currency.
Below is the list of the newly added fiat currencies by Simplex:

  • INR (Rupee)- India
  • ILS — Israel, Palestine
  • AUD — Australia, Christmas Island, Cocos Islands, Norfolk Island, Kiribati, Nauru, Tuvalu
  • RUB — Russia
  • CHF — Switzerland, Liechtenstein
  • CZK — Czechia
  • DKK — Denmark, Greenland, Faroe islands
  • NOK — Norway
  • NZD — New Zealand, Tokelau, Pitcairn
  • PLN — Poland
  • SEK — Sweden
  • TRY — Turkey
  • ZAR — South Africa
  • HUF — Hungary
  • KRW — South Korea
  • AED — United Arab Emirates
  • GBP — United Kingdom, Jersey, Guernsey, Isle of Man, Gibraltar, South Georgia, Tristan da Cunha
  • JPY — Japan
  • CAD — Canada

About Simplex
Simplex is a fin-tech company, which enables the online cryptocurrency merchants with fraud-free payment processing. Simplex, as the name suggests, enables the purchaser to buy cryptocurrency through credit card or debit card. Simplex processes credit card payments with a 100% zero chargeback guarantee — in case of a fraud chargeback, we put our money where our mouth is and pay the merchant.

About CoinSwitch
CoinSwitch is the world’s largest cryptocurrency exchange aggregator, which supports 300+ coins and over 45,000+ pairs. It provides an easier way of trading through global exchanges like Binance, IDEX OKEx, HitBTC without creating an account on them. If you are interested in buying cryptos, do give it a try!

Source: https://blog.coinswitch.co/stay-home-stay-safe-and-buy-cryptos-at-50-discount-in-fee-7ebdc50860da
Please reach out to support@coinswitch.co if you have any queries.
16  Alternate cryptocurrencies / Altcoin Discussion / Re: Bitcoin SV Hard Fork on: February 04, 2020, 10:48:23 AM
Are you shilling this overly pumped altcoin in Beginners & Help because you think that since it contains bitcoin in its name you'll trick more newbies into buying something they don't want?
Bitcoin SV is an altcoin. Bitcoin SV is not Bitcoin.
So, why didn't you just use this in the altcoins area? Maybe in Altcoins speculation?
I have just shared the news. So that some of them should aware about this. I am n't forcing anyone to but the particular coin.
17  Alternate cryptocurrencies / Altcoin Discussion / Bitcoin SV Hard Fork on: February 01, 2020, 12:45:44 PM
Bitcoin SV (Satoshi Vision) was created out of a hash war between Craig Wright and Roger Ver on November 18, 2018. The New year seems to be working like a miracle for the Satoshi Vision hard fork, as over the last 30 days, it surged by over 212%, which is a commendable performance. Not only that, a few weeks back, it went up the ranking ladder to grab the third spot as per market capitalization, before it again fell to number 5. BSV is one of the fastest-growing blockchains to have seen the explosion of application development globally, utilizing its data, scalability, and micropayment capacity. Bitcoin SV (BSV) is the only project that adheres to Satoshi Nakamoto’s original vision and protocol.

Click here to buy BSV at best rate in no time

What is Bitcoin SV Genesis Hard Fork?
The BSV node team had already released the 1.0.0 version of the BSV node implementation on January 15, 2020, when the BSV value surged to over 75%. This version states the necessary updates that is going to take place on February 4th, 2020- the day of Bitcoin SV’s hard fork known as Genesis. (Bitcoin SV Hard fork date) Genesis was even the name of the first block mined 11 years before on January 3, 2009.

The main vision of BSV’s Genesis hard fork is to restore the actual Satoshi protocol, other technical upgrades, and unlock the massive on-chain scalability. This on-chain scalability might introduce a uniform, public blockchain like the world operates on a single internet. There won't be a creation of new coins but only technical upgrades like BSV node software.

Jimmy Nguyen, the founding President of the Bitcoin Association, has been vocal about the upcoming Bitcoin SV hard fork, as he believes this is a historic moment for BSV to become the world’s largest peer-to-peer electronic cash system.

Jimmy Nguyen even shared the BSV Genesis hard fork roadmap back in December 2019:



Main Goals of Genesis Hard Fork
As per the Bitcoin SV Node Project developers- Daniel Connolly (Lead Developer) and Steve Shadders (Technical Director)- the Genesis hard fork is coming up with these major changes:

#1 Solution to Bitcoin’s Scalability Problem
The ever-nagging problem for Bitcoin’s hard limit on the block would be solved by optimizing Bitcoin’s inherent capacity for scalability. Over the years, Bitcoin has been dismayed by the disputes with the larger block size for higher transaction volumes. The BTC network kept its block cap ceiling at 1 MB, enabling only 4-7 transactions per second. BCH has a ceiling of 32 MB, which is not great to support enterprise use.

After the implementation of Genesis hard fork, Bitcoin wouldn’t have to deal with default hard cap anymore, after which there is no limit and the transaction capacity would be infinite. Hence, the miners can manage the consensus of the transaction capacity and block size on the BSV network, depending on the market forces, like Satoshi’s vision was stated in the original Whitepaper.

Before the onset of the Genesis block, BSV can process 1000 transactions per second, but if its 2 GB Block size hard cap is completely utilized, it can process up to 9000 transactions per second. Once the block cap is removed with scalability taking a higher edge, BSV’s transaction processing capacity would have infinite potential to grow. This would help the enterprise-level large scale applications to build on the blockchain.

The miners would definitely be at an advantage, as they can earn more transaction fees to compensate for the revenue they lose from the Bitcoin halving process every four years, where the block reward gets halved. ( The upcoming Bitcoin Halving is scheduled to take place in May 2020, where the BTC reward decreases from 12.5 BTC to 6.25 BTC).

#2 Restoring the Originality of Bitcoin Protocol
Bitcoin has been hanging around since 2009, and the developers have made many technical changes over this long time period. So this Genesis hard fork’s main aim is to restore the original version of the Bitcoin protocol. The technical changes can be sub-categorized into three groups, which are as under:

Restoring the OP_RETURN Functionality
This enables the Script developers to terminate the script easily and early with the possibility of executing the valid script.

Increasing The Script Numeric Type To Big Numbers
This change will increase the Bitcoin script language mathematically. As 32- bit numbers are limited in size, which makes it inefficient and complicated to perform complex mathematical calculations like signature verification. This change will get back its original design and enable it to perform complex calculations and scripts with all minds of advanced functionality.

Rescind P2HS For New Transactions
Pay to Hash Script (P2HS) is a mechanism introduced for enabling hiding output scripts at the time of creation. This is against the original Bitcoin protocol, which supports an honest record of events. P2HS has encouraged wide usage of poor privacy practices, and divergence from such practices is best for Bitcoin to get back to its original protocol. The existing P2HS wallets will remain unaffected, and this change will prevail for any new outputs being made.

Restoring nLockTime and nSequence
These data fields are integral to the mechanism of payment channels that have been described by Satoshi as a fundamental mechanism for allowing high-speed micropayments. The old opcodes shall be removed, and the original usage of nLockTime and nSequence would be restored.

#3 P2P Relay of Transactions with Complex Scripts
This change will stabilize the protocol and enable the use of complex transactions by the participants in the network. Before Genesis hard fork, if a participant wanted to use complex transactions, they would have had to find a miner, who would help in confirming transactions in a block. After Genesis, the transactions, which were of standard type, will be relayed across the peer-to-peer network, enabling all of the participants to use complex transaction types.

As Internet evolution took place over the last 30 years, the public blockchain is also targeting something like that for the future. Even after the Genesis fork, the BSV might go through some technical upgrades later, including BSV Node software. But any software applications wouldn’t materially affect the base protocol rules and shouldn’t affect applications built on top of BSV after this Genesis upgrade.

Impact On Price
This Genesis hard fork upgrade might trigger the value of BSV up, and it can again go up the ranking ladder to become the third popular cryptocurrency in the world. But there are whispers from across the crypto space about the controversy of Craig Wright and Tulip Funds, which might take BSV down along with himself. The court hearing is pending, which might clarify the doubts.

What Users Should Do
The California-based crypto management institution, BitGo has already announced that its BSV users won't be able to receive BSV transactions after the upgrade due to compatibility issues. Any transactions sent to BitGo BSV wallets would be marked invalid. BitGo advises its users to either convert their BSV coins to BTC or transfer their funds to the external wallet before February 4th, 2020. This step is being taken by BitGo because of the sunsetting of the P2HS, as covered in the second point.

Source:  https://coinswitch.co/news/bitcoin-sv-fork-all-about-upcoming-bsv-fork-bitcoin-sv-hard-fork
18  Alternate cryptocurrencies / Bounties (Altcoins) / [ANN] CRUXPay Campaign on: January 22, 2020, 01:48:21 PM
CRUXPay is here with a new campaign🎉 for you to win up to 500 TRX. You just have to send TRX, ETH or BTC to your friend's CRUX ID and follow the steps mentioned below:

https://twitter.com/cruxpay/status/1219935728555065344

1. Retweet the above tweet
2. Tweet both sender's and receiver's CRUX IDs, along with the transaction ID mentioning #cruxpay hashtag
3. Follow  @cruxpay, @cruxpay_tipbot & @Magnum_Wallet
and also tag them in your tweet.

Visit here for terms: https://cruxpay.com/tipbot/#/magnum/learn-crux
19  Other / Beginners & Help / Re: Best place to start learning about crypto? on: December 01, 2019, 07:56:46 AM
    Hey fellow traders! Where do/did you learn about crypto?
    It seems pretty daunting sometimes, so much to cover.
    Thank you for help!

    Hi, From whatever perspective you want to learn crypto if it is trading or investing, or understanding how the market moves. First all begin with fundamentals. I am arranging your reading list chronologically -


    If you are a technical person, then you can pick bitcoin white paper, also.

    [/list]
    20  Bitcoin / Bitcoin Discussion / Re: Why are so few women buying into Bitcoin? on: November 29, 2019, 10:41:30 AM
    Well, this is a fundamental problem with not only the cryptocurrency industry but with everyone all around the globe. The involvement of females all over the world in regulated industries like finance is pretty much nill. Still, we can keep trying to engage them and educate them, treat them equally which motivates them to get involved.
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