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Showing 9 of 9 results by edwardtay
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Topic
Board Trading Discussion
Re: exchange currency fast
by
edwardtay
on 25/10/2020, 15:43:37 UTC
There are different types of crypto exchange services – some work as user-to-user decentralized exchanges, some take liquidity providers on board, some user partner services. But how long does it actually take to perform a swap?
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Topic
Board Altcoin Discussion
Merits 1 from 1 user
Topic OP
mining crypto
by
edwardtay
on 25/10/2020, 14:39:24 UTC
⭐ Merited by tiedcoin (1)
You might have seen stories over the years about bitcoin miners and how they are producing bitcoin tokens. These people generate this and other cryptocurrencies through a process called mining.

Cryptocurrency mining is a practice that entails the creation of tokens. These tokens are critical for many purposes, from the production of decentralized applications to ecommerce functions.

But how does the crypto mining process work? The effort entails a thorough routine that ensures the mining effort works well. You could get in on the mining industry yourself, but you’d have to take note of many things over how it works. It is not as simple of a process as you might assume.

https://swapzone.io/learn/how-does-cryptocurrency-mining-work/
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Topic
Board Trading Discussion
What are the extra transaction transaction fields: Extra ID, Payment ID and Memo
by
edwardtay
on 24/10/2020, 14:23:20 UTC

Some cryptocurrencies – Monero, Ethereum, TRON, or Binance Coin, for example, have special identifiers. These notes are important, as they are used to distinguish transactions in the blockchain, add Memo for the exchange services.

https://swapzone.io/learn/
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Topic
Board Altcoin Discussion
Re: When did cryptocurrency first appear in India?
by
edwardtay
on 23/10/2020, 04:35:06 UTC
Local Bitcoins is another of the top peer to peer exchanges available. You can find individual users and purchase bitcoin and other crypto options from them. You can search through people who are seeing their wares at varying rates. The service is useful, although you should note how well the current value of currency works when seeing what is appropriate for a transaction.
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Topic
Board Trading Discussion
crypto in india
by
edwardtay
on 23/10/2020, 04:17:46 UTC
Cryptocurrency has become highly popular throughout India. You’ll find many exchanges in India dedicated to crypto trading. You will need to check around to see what the best crypto exchanges in India are today. It’s never been easier to trade these investments, but the options can vary. You must note how well these currencies work and what is available. You’ve got many exchanges to consider, but they are all different in many ways.

https://swapzone.io/learn/exchange-crypto-india/
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Topic
Board Altcoin Discussion
Topic OP
Different types of crypto exchange services
by
edwardtay
on 23/10/2020, 03:57:39 UTC
Some work as user-to-user decentralized exchanges, some take liquidity providers on board, some user partner services. But how long does it actually take to perform a swap? There are several factors influencing the pace:

The type of exchange and order processing times
The choice of cryptocurrency trading pair and the specs of the networks themselves
The settings an individual chooses to send cryptocurrency

https://swapzone.io/learn/how-to-exchange-crypto-fast/
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Topic
Board Bitcoin Discussion
Topic OP
5 fastest crypto coins
by
edwardtay
on 22/10/2020, 14:56:11 UTC
Monero
Monero XMR is one of the popular privacy-centered cryptocurrencies. The project is fully community-driven and focuses on decentralization and financial freedom. XMR transactions are quite fast – just like Dash, it takes around 2 minutes to get a confirmation.
Dash
Dash is a cryptocurrency that has been around for a while. The average transaction time for a DASH coin is around 2 minutes. Dash has the block size of 2 MB and can process up to 56 transactions per second.
NEO
NEO is a Proof of Stake network that processes transactions at a pace of around 1000tx/sec. It takes about 15 seconds to get your transaction to confirm – due to this, NEO was dubbed as “Ethereum killer” by the community members.
Ethereum
Ethereum network, despite the issues of scalability and certain delays with network congestion, takes about 14 to 17 seconds for the transactions to go through. Ethereum blocks handle about 12 transactions per second.
Litecoin
Litecoin is one of the oldest cryptocurrencies existing as an alternative to Bitcoin. The main point of LTC creation was to speed up the transaction process. Block generation usually takes no longer than 2 minutes and 30 seconds.

https://swapzone.io/learn/how-to-exchange-crypto-fast/
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Topic
Board Bitcoin Discussion
Noticeable features of Bitcoin
by
edwardtay
on 21/10/2020, 06:49:23 UTC

Most importantly is that whitepaper gave the idea of the transactions with no financial parties involved in the operation and with a clear network so that the fact of transaction can be seen. The main features of BTC as a cryptocurrency are:

Inability to reverse transaction:
No one can stop one person from sending a transaction to another person and/or company. Not the person that made the transaction, not the person that received it, not the government of your country. It might be a bit risky in some terms, yet it allows us to secure transactions at some point.
Being global and fast:
This aspect speaks for itself: transactions can be done in a matter of seconds around the entire world and are verified in terms of minutes, which is very convenient.
No real-world identity needed:
As previously mentioned, the government cannot stop a person from transaction, therefore there’s no need in any real-life information and/or real-life identity. Bitcoins are received on address — a random chain of letters and numbers about 30 characters. That makes it impossible to connect real-life identity and the address with an account or a transaction. However, it doesn’t mean that Bitcoin is anonymous. There’s still a need to protect one’s identity and it still requires a pseudonym.
Security:
Bitcoins are locked in a cryptography system with public keys. The transactions can be done with a private key — a piece of data that allows to spend BTC and works like an online signature. It proofs that the owner of the wallet is committing transactions. Such a private key allows to exclude any changes in the transaction itself, making it irreversible, as has been said in the first point. Both public and private keys are a long string of letters and numbers that have been mathematically encrypted with an algorithm. There’s no way someone can guess a private key for example.

https://swapzone.io/learn/bitcoin/
Post
Topic
Board Altcoin Discussion
Topic OP
Which cryptocurrencies have the lowest transaction fees?
by
edwardtay
on 21/10/2020, 06:41:24 UTC
One of the most significant concerns people have about a trading platform and exchanging cryptocurrencies involves the transaction fees. Many crypto options have high charges, while others aren’t as dramatic. You’d have to look around to find the lowest transaction fees on the market if you want to find something worthwhile.

Cryptocurrencies come in many forms, and they all have unique features. But you should be aware of how you’re going to find a good fee or charge that works. Knowing what works is essential for your success.

https://swapzone.io/learn/lowest-transaction-fees/