Top 7 VeChain (VET) Wallets to Keep Your Tokens Secure

The wallet is compatible with both Android and iOS and gives users a streamlined, lightweight and secure mobile cryptocurrency wallet that easily …
  • VeChain holds 25th position by market capitalization
  • VeChain launched its own MainNet last year and stopped being an ERC20 token
  • Always set a strong password and secure your private keys to secure your tokens

The VeChain Token (VET) is the VeChain blockchain’s native token that is used to carry the value transfer function of the blockchain and all its attendant activities. VeChain’s side-chain capability and high scalability have made one of the leading cryptocurrencies that holds the25th position by market capitalization.

SinceVeChain launched its own MainNet on June 30, 2018, it stopped being an ERC20 token and you can’t store it in an ERC20 compatible wallet. This guide curates the list of top 10 VET wallets that support the coins:

The VeChain Thor mobile wallet was unveiled alongside the VET token and the VeChain MainNet as the dedicated mobile wallet for VET. The wallet is compatible with both Android and iOS and gives users a streamlined, lightweight and secure mobile cryptocurrency wallet that easily connects to the VeChain Thor blockchain. The leading features include send and receive, token swap, observe an address and bind your X node providing a useful and convenient way to secure, send and receive VET tokens.

This USB-sized cryptocurrency hardware wallet is well suited for transactions. It’s a multi-asset hardware wallet that resembles a folding drive which can also be used to store Bitcoin, Ethereum and over 30 other cryptocurrencies.

Ledger Nano announced the inclusion of VeChain (VET) which was previously an ERC 20 token symbolized by VEN. The wallet is secure, un-hackable and malware-proof so there’s no risk of exposing your private keys on the internet.

TheVeChain Thor Sync wallet is the only desktop wallet available for storing VET tokens. The wallet was created soon after the MainNet launch and is therefore available for OSX and Windows. While it may not be too polished, it gives access to the VeChain blockchain and enables you to send and receive VET coins.

This desktopAtomic wallet is compatible with MacOS, Windows, Fedora, Debian and Ubuntu. The wallet was designed to leverage the potential of atomic swaps and integrate the decentralization of the crypto ecosystem but it doesn’t fully support atomic swaps for all the 200 coins it supports. The wallet however offers Changelly and ShapeShift for many coins.

TheTREZOR wallet offers real competition to the Nano S and is a popular choice. The wallet connects to computers and Android devices via a micro USB. The wallet includes a built-in screens and buttons to enable manual verification for transactions. TREZOR is a PIN protected wallet and every time someone enters the incorrect PIN in succession, it automatically increases the wait time until you can try again by the power of two.

TheTrust wallet is iOS and Android compatible you can access via an online browser. The wallet allows users to send, receive and store different cryptocurrencies all ERC20, ERC223 and ERC721 tokens, Ethereum Classic (ETC), and VeChain (VET). The wallet’s key security feature is being able to store your private keys locally on the device. The wallet’s other key feature is a built-in Web3 browser that enables direct interaction with decentralized applications.

TheCobo wallet offers a simple but secure storage for the VeChain cryptocurrency. The hardware/mobile wallet comes with impressive features that include secure data transfer as it is “air-gapped” to protect transactions from hackers, multi-currency support, military grade durability and next-generation security. This hardware wallet features a self-destruct mechanism to prevent channel attacks and web authentication for preventing supply chain attacks.

Currency frozen in multi-million dollar Cryptopia theft

New Zealand police were called into Cryptopia late on Monday night to investigate the theft of several million dollars-worth of cryptocurrencies and …

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The world’s largest cryptocurrency exchange says it has frozen some funds stolen from Christchurch digital assets exchange Cryptopia.

New Zealand police were called into Cryptopia late on Monday night to investigate the theft of several million dollars-worth of cryptocurrencies and have done a scene examination and a forensic digital investigation.

It’s not clear exactly what happened, but the cryptocurrency exchange went into maintenance on Monday night, followed by an automated alert that showed a digital “wallet” receiving more than NZ$3 million from Cryptopia.

Since then it’s been possible to see some transactions involving that wallet, including money going to the giant international cryptocurrency exchange Binance.

Binance CEO Changpeng Zhao said on Twitter yesterday that the hackers appeared to have sent his company some of the stolen funds from Cryptopia, and Binance had frozen them.

“I don’t understand why the hackers keep sending to Binance,” Zhao, known as CZ, said. “Social media will be pretty fast to report it and we will freeze it. It’s a high-risk manoeuvre for them.”

Bell Gully senior associate Campbell Pentney is a tax specialist with expertise in cryptocurrencies. He says he was not personally affected by the theft, but like many around the world has been watching the digital wallet money is thought to be in.

“You can follow transactions involving that wallet because the transaction chains for some of the types of affected currencies are public,” Pentney says.

“It’s not perfect; you can’t generally link a wallet to a name. But you can see where some of it is going…and you can comment on the address of that wallet.”

Social media feeds show people who have lost money in the Cryptopia theft begging for their money back and wanting to know which currencies are affected, said Pentney.

He says Cryptopia wasn’t large enough for the hack to have a substantial effect on the broader market for cryptocurrencies, but the exchange provided support for a number of niche cryptocurrencies, which could struggle to trade, particularly if Cryptopia held a large portion of those assets.

Other implications of the hack would depend on whether the funds were permanently lost or whether Cryptopia bounced back and was in a position to refund customers, Pentney says.

However, even reimbursement could be tricky, as cryptocurrency prices may have fluctuated since the time of the hack.

“In some ways this is a more complicated situation than previous high-profile exchange hacks, as there are indications dozens of different cryptocurrencies may be involved. This makes the tracking and reimbursement process more difficult.”

New Zealanders who lost money permanently through the theft might be able to apply for tax relief, Pentney says.

Meanwhile, the Cryptopia hack could jeopardise plans the company had to relaunch a New Zealand dollar-backed ‘tether’ currency this year. The Christchurch company said in November it had backing from an unnamed bank to bring back the New Zealand Dollar Token, or NZDT, the country’s first cryptocurrency tethered to the NZ dollar.

The NZDT was launched under the radar in May 2017, after several speakers at the annual blockchain conference raised problems they were having without one.

However it was pulled last year after Cryptopia’s bank, ASB, raised concerns about regulatory issues and difficulties identifying customers and their activities.

Pentney said the hack could raise “reputational or liability concerns” for a potential banking partner.

Police said on Wednesday the Cryptopia theft is “a complex situation”. They couldn’t say how long the investigation will take.

“We are aware of speculation in the online community about what might have occurred. It is too early for us to draw any conclusions and police will keep an open mind on all possibilities while we gather the information we need.

“A priority for police is to identify and, if possible, recover missing funds for Cryptopia customers. However, there are likely to be many challenges to achieving this.”

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A Guide to Ripple Wallets

XRP is one of the more prominent digital currencies at the moment, with a current price is around $0.33, and ranked second by market capitalization.

Ripple (XRP) is a decentralized real-time gross settlement system (RTGS), remittance network, and currency exchange. It was created as a distributed open source protocol by Ripple Labs Inc., a US-based technology firm. Ripple (XRP) was initially derived from RipplePay, back in 2004, a platform that had plans to grow into the current Ripple services, long before Bitcoin had emerged. It was rebranded and co-founded by Jed McCaleb, a prominent industry figure who later founded Stellar Lumens, another equally popular remittance platform based on blockchain technology.

Its platform supports tokens representing cryptocurrency, fiat currency, commodities and even other units of value such as frequent flier miles and mobile minutes. Although XRP is the primary asset used on the platform, Ripple coin wallet allows users to create their own tokens for transactions.

The platform aids banks in ensuring that their clients can carry out cross-border transfers without speed, high cost or currency conversion issues. Fiat currency and other commodities can be converted to XRP tokens at its current rate and then quickly converted to any other coins without the need to pay a double commission. This especially protects residents of developing countries who own smartphones but do not have access to reliable banking systems and cannot afford to pay high transaction fees.

XRP is one of the more prominent digital currencies at the moment, with a current price is around $0.33, and ranked second by market capitalization. Added to its listing on Coinbase as well as the important milestones and partnerships that Ripple Labs now has under its bag, it’s no surprise that investors are showing tremendous interest. However, just like any other currency, XRP tokens can be stolen if not kept safe. Although there are so many great cryptocurrency wallets to choose from, it can be confusing if you are new into the game.

Here are seven Ripple wallets to compare in terms of security, reliability and cost:

1. Ledger Nano S

Among the various types of cryptocurrency wallets (mobile, web, desktop and hardware wallets), hardware wallets are considered the best option. The Ledger Nano S is a compact wallet in the form of a USB device, used to store digital currency remotely. This means that the device does not maintain an active connection with a user’s PC and cannot be hacked since it is physically stored away from the internet.

Its one-time purchase price of $99 is slightly affordable considering that no transaction fees are ever charged. It can be stored in a safe, carried in a pocket or even worn around the neck for safe keeping. Another excellent feature of the Ledger Nano S is that it can store any amount of Ripple tokens with no limit.

When it is time to use the wallet, it is merely attached to a PC and managed using the Ledger Live desktop application. With an LED screen and a few side buttons, it is easy to operate and extremely secure.

2. Toast

Toast Wallet is one of the best wallets available for XRP storage. Compared to other wallets, it is relatively easy to use and can be set up quickly by anyone. It also offers a high level of security to its users and checks every safety box. Fortunately for Ripple users, Toast Wallet is available in the form of specific applications for multiple platforms. It does not matter if the wallet is needed for an iOS, Windows or Android operating system since it supports each one of them.

Another huge benefit to users is that Toast Wallet was built with ease-of-operation in mind. It boasts a simple user interface that people can navigate quickly and easily. The best part is that users are not charged a transaction fee to store and transfer their tokens. The process is entirely free and eliminates the steps that other Ripple wallets put users through, to create and use them.

3. CoinPayments

CoinPayments is a cryptocurrency payment site which offers the option of online Ripple storage. It operates similar to a regular bank and accepts more than 1000 altcoins in addition to Ripple.

The Canadian-based firm does not restrict its users to just storage and investment on its platform. Instead, it allows them to shop with vendors all over the world, willing to accept cryptocurrency.

Easily one of the largest, fastest growing and most credible online wallet services, CoinPayments serves more than 296,000 vendors in 182 countries. Each of these vendors accepts cryptocurrency as a form of payment from their customers. This makes it easier for digital currency holders to spend their tokens without feeling excluded. Users can now shop internationally with their cryptocurrency as well as withdraw it in a bank.

CoinPayments is free for all users who have a valid ID card. However, they charge a transaction fee of 0.5% for all transactions, including commercial deposits & incoming payments. This applies to every type of investor.

4. Exarpy

Exarpy is a wallet that gives users the opportunity to interact directly with the Ripple network, to store, send and receive tokens. Although it is not affiliated with the cryptocurrency, it plays a huge role in facilitating user transactions on its side. It is easy to use, secure, fast and reliable.

Exarpy has a couple of exciting features, including how people can use this wallet on almost every device. Another attractive feature is that it only charges a transaction fee of 0.025XRP. It also does not store any user information so that cybercriminals cannot use it. For security, a PIN is given to users to log in and store, send, as well as receive any amount of Ripple.

5. Abra

Abra is a mobile application which provides global cryptocurrency wallet services and is available both for Android and iOS users. Recently, the mobile wallet opened its doors to Ripple, its latest addition among up to 20 other cryptocurrencies.

It also allows its users to buy XRP using fiat currency. Currently, in the crypto ecosystem, it is difficult to find easy ways to buy virtual currency tokens using fiat currency. Like Coinbase, Abra is one of the platforms working to solve this issue and already supports up to 50 fiat currencies.

6. GateHub

GateHub is one of the fastest and easiest wallets to use for Ripple storage. It also deals with the storage of BTC and allows people to buy and transfer both currencies reasonably easily. On the GateHub platform, users can purchase XRP by paying money through a bank. However, they would have to buy some BTC and convert into Ripple after.

Gatehub is so popular that it is listed on the official website of Ripple labs and has been offering services for the coin, for a long time. This listing makes the platform more credible to potential investors.

7. Edge

Edge is another Ripple wallet which has a relatively simple user interface to navigate. It was created in February 2018 when a part of Airbitz was rebranded. The Edge app works just like a typical mobile banking application and approaches security in a different, high-level way.

Using this wallet, people can send and receive tokens without the need for a third party to manage its server security. Instead, it gives users a simple security layer which they can set up and control by themselves. The architecture of Edge ensures that it supports all blockchain-based products being traded globally. This includes new coins, as long as the developers extend their support through a simple plug-in. Edge wallet also supports the display of funds amount in smaller denominations.

Always Remember

Theft is a huge ongoing problem in the industry. While regulators continue to search for a way around it, the onus lies on digital currency holders to protect their assets by using the best wallets available.

Not everyone will find every type of coin wallet convenient, so there are several types to choose from. However, a hardware wallet, (Ledger Nano S in this case), seems to be the safest option for anyone looking to store Ripple tokens, whether for trade or long-term investment purposes.

Thanks Mintdice for sharing your What are the best Ripple wallets? You can read the original article here.

Want to know more about Ripple here is Finder’s step-by-step guide, What is Ripple?

Image sourced from Crypto to the masses here.

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Coinify Blockchain Payment Service And Bread (BRD) Wallet Partner For Increased Crypto Asset …

Coinify, a bitcoin and cryptocurrency payment service provider has partnered with BRD, a secure cryptocurrency mobile wallet, for increased access …
Coinify-Partners-With-BRD-Wallet-For-Increased-Access-To-Cryptocurrencies

Coinify Partners With BRD Wallet For Increased Access To Cryptocurrencies

Coinify, a bitcoin and cryptocurrency payment service provider has partnered with BRD, a secure cryptocurrency mobile wallet, for increased access and security to cryptocurrencies.

The latest partnership would boost the user count for BRD wallet users giving it access to over 34 more countries in Europe across the SEPA region. The mobile wallet is available on both Android and iOS platforms.

The new partnership would allow the users on the BRD platform to avail instant Bitcoin purchases, and the final withdrawal to the bank account can be completed using SEPA bank transfers. All the transfers can be done from within the application thanks to its amazing user-friendly interface.

Coinify’s Wallet Trading Solutions is a new rebranded API by the brand, which promises compliant products and fraud-free trading solutions to its wallet partners.

Coinify’s Sales Manager, Morten Bebe said:

“We are continuously building a strong infrastructure to make virtual currencies accessible to as many users as possible and we are excited to extend this progress through our partnership with BRD. Through BRD, European users will now have a secure and versatile wallet option, which contributes to supporting the growing virtual currency industry within the region.”

The Coinify network has even bigger plans once the BRD completes its first phase integration. The crypto payment service provider is planning to launch easy access for buying Bitcoin and other cryptocurrencies through credit card in its second phase.

The CEO and co-founder of BRD, Adam Traidman said,

“Since launching as the first iOS bitcoin wallet in the App Store over 4 years ago, we’ve grown tremendously in North America. Europe will be strategic in the next phase of BRD’s global growth, and the partnership with Coinify will ensure our success in this crucial endeavour.”

The latest integration of the two payment service providers Coinify and BRD would see a new stream of crypto growth in the Europen region. Although cryptocurrencies provide for instant transactions at a minimal fee, the dead-end comes in the form of bank deposits, which still take ages to go through. Coinify and BRD are trying to eradicate this problem by integrating the two platforms.

Ada Vaughan, Executive Director of BRD (EU/UK) made his optimism visible and said,

“It’s exciting to see more European users managing their crypto assets on-the-go with BRD.” “Partnering with Coinify means now they can buy bitcoin with extremely low fees using SEPA transfers.”

The Effect Of Cryptocurrency on Mobile Wallets and ePayments

However, there are still those who are unaware of the unlimited potentials of these digital assets. Virtual currencies are on its way to take over the …

The concept of cryptocurrencies have been prevalent for a while, and it has grown from being barely known or accepted by investors to now being widely acknowledged around the world.

However, there are still those who are unaware of the unlimited potentials of these digital assets. Virtual currencies are on its way to take over the global economy, and soon we will all be living in a world where tangible currencies no longer subside.

When I mention the significance of cryptocurrencies in the current global economy, you might wonder why cryptos are gaining such attention.

The Idea Behind e Payments

The volume of Internet-based retail consumer transactions (E-commerce) has been continuously rising in recent years, with an increasing number of consumers buying goods and services online.

While E-commerce has drastically transformed the way in which consumers associate with traders it has not, yet, had as radical an impact on the actual payment means or channels for the final compensation of retail commercial transactions.

These continue to be paid mostly through conventional means and, in particular, by bank transfers/direct debits and credit or debit cards.

This is despite the parallel evolution of a single operator online payment platforms, mobile and contactless payments, which valued for a smaller, but rising, the share of the market for retail payments.

Technology-enabled financial advancements hold the promise to transform the processing and remuneration of retail payments in at least three distinct ways.

The first is through the potential replacement of traditional means of payment by virtual currencies (VCs) and cryptocurrencies, such as bitcoin.

The second is by trailing the processing of payments through decentralized platforms, so-called ‘distributed ledgers, renewed real-time, without any kind of involvement of trusted third party intermediaries.

And the third is by automating the working and settlement of payment transactions through recourse to known as ‘smart contracts,’ written on distributed, digital platforms.

Nevertheless, before we get deep down to the effects cryptocurrencies are bringing about in our economy, let us understand what they are in general.

So, what are cryptocurrencies?

The best way to explain that is by highlighting their concept. Cryptocurrencies put forth a platform where decentralized security could be formed, and we no longer need to be at the aid of centralized ledgers that impose charges arbitrarily for the mere transferal of funds.

Since their origin, virtual currencies have been gradually winning attention, and more and more coins began surfacing.

Before you dive into why cryptocurrency is essential for marketing, you need to understand what it is in the first place.

A cryptocurrency is a form of blockchain technology, the kind of technology that bitcoin and other distributed ledger systems are based on.

A large ledger of transactions, blockchain is an open and shared database that works in a decentralized network format. It enables users to transfer and add information to it anonymously, without security agreements.

In other words, cryptocurrency, like Bitcoin, is an anonymous financial arrangement that employs blockchain technology to run. Instead of using a credit card to pay for an item online, users can use Bitcoin or any other form of cryptocurrency. And it’s getting pretty popular.

The most exciting advantage, or the most well-known advantage, is their decentralized nature. That means that no central authorization or bank can have control over them. There are also no barriers or borders that can influence them.

Significance Of Cryptocurrencies

Making payments in foreign countries can become a hassle with regular currencies. It takes added time and high fees are often applied. That’s not to say that crypto payments come free of charge, but they can be done from point A to point B, doesn’t matter where they are, in merely a few seconds.

Think about it like this – online payments are trades made among two parties. The thing is, when we’re speaking of the current online payment systems, there are not just two parties that are included.

When you apply your card to make a payment online, you start a whole process that eventually ends with the end recipient receiving your money. You authorize the merchant to get a certain amount from your bank account.

Yet, several parties are involved in this transaction. First, there is the merchant, then their IT provider, probably another third party processor, the card network itself and also your bank who provides the card.

All the players here have access to your account throughout the transaction. Any kind of scam could happen, particularly in international transactions where the number of parties involved grows bigger.

However, keep in mind that even though online card payments have their drawbacks, they do present a safe way to go. The only significance here is that, cryptocurrencies put forward an even more stable way to pay.

Cryptocurrencies and ePayments

Electronic Money and cryptocurrencies are two methods for making payments that are digital in character. Both are synergists in the digitalised payment cycle.

Nevertheless, the advantages of cryptocurrencies always stand out.

The biggest advantage comes from the point that these currencies, by their nature, are secure and are easy to transfer.

Today countries like India are trying to regulate the cash market and to move the country toward digitalization. But while the efforts are remarkable, the fact is that digitization still remains to be totally dependent on cell-phones and mobile wallets associated with them.

These days, digitization in India is being pushed through POS machines or ePayments. Although the cost of transactions for ePayments is coming down the disturbing fact is that there are mediators involved in internet payment.

These mediators, which are usually banks, act as third parties and append to the cost of the transaction. POS terminals are also costly for many traders.

So can these small merchants use cryptocurrencies at a cheaper cost and resolve the problem of connectivity or digitization?

The answer is yes. As long as data stays cheaper on the mobile phone, cryptocurrencies can be used to do transactions even with small merchants.

Digital cash has a big variation when it comes to the methods used in its operation when compared to cryptocurrencies. Fraud or deception in cryptocurrencies is very rare since the process is reliable and very safe for the transaction.

However, Cryptocurrencies too have issues. One main drawback is that bitcoin blockchain can process only about 5 to 7 transactions per second while current digital payment system like VISA cards can handle up to 2000 deals in a second.

Many developments are being carried out to solve the scalability issues for the Cryptocurrencies.

Which takes us to the recent developments going on in the app development industry incorporating cryptocurrencies

Cryptocurrencies and Mobile App Development

Cryptocurrency is enticing, but does the possibility of quick settlements, lower fees, and decentralization surpass the challenges of developing and maintaining apps that rely on distributed databases?

The first step in this discussion would be to understand what crypto means from a technological standpoint and recognize the business applications for developers.

The technology underlying cryptocurrencies—blockchain— it refers to a distributed database composed of data blocks that include a timestamp and link to the preceding block, making it an excellent technology on which to create and run an anonymous, P2P system for transactions and currency exchange.

Cryptocurrency is digital, so random reversals or chargebacks are mostly eliminated. The remuneration is carried out in real time, and there are no 3rd parties between developer and buyer, so fees are cheaper.

Whereas, credit cards work by the customer ‘pulling’ data, with crypto the user decides to ‘push’ data, limiting transactional exchange to basic data access which means no personal information is exchanged.

Cryptocurrencies may be especially appealing to app developers in newly surfacing markets where one, most web-connected users are completely mobile-first and, two many consumers don’t have access to conventional financial institutions or exchanges.

In such markets, it is fair to assume that users who’ve leaped over desktop will adopt cryptocurrencies, which bypass legacy transactional systems, such as credit cards.

Crypto, for now, isn’t going to transform the mobile app industry. But the underlying technology like blockchain grants developers the potential to change how apps are created, distributed, and maintained.

We’re not yet there, but it’s still impossible to overlook the indications that cryptocurrencies have for the prospect of mobile app development.

Global Appeal of Cryptocurrencies

Cryptocurrencies offer an easy-to-use, digital alternative for fiat currencies. Users from the United States or the European Union may view cryptocurrencies for granted, but there are many countries with overlooked domestic currencies.

Cryptocurrencies can be used to bypass these capital controls and taxes—legal or not—which has directed to increased demand on the part of consumers and businesses.

The potential function of digital currencies and blockchain technology has become a frequent hot topic in e-commerce and the wider digital economy, with an increasing number of economic and government institutions funding in research and the expansion of blockchain solutions.

Cryptocurrencies have seen enhanced growth in market capitalization, price, and mainstream adoption.

This means they are rendering functions and features that are transforming the way things are being done. It’s not only a question as to whether they are influencing the economy but how and what the future hold for them.

It’s easy to ridicule this sudden rush, Yet, it’s an assuring fact that cryptocurrencies will significantly reshape the global economy.

Impact of cryptocurrencies on the economy

The global digital cash market is projected to grow at a consolidated annual growth rate of 14.1% within 2018 and 2023.

Consumer marketing behavior is evolving as digital payments provide consumers faster, safer and more suitable payment solutions, such as bank cards, net banking, e-wallets, and mobile in-store application.

The widening adoption of digital payment applications in various sectors, like retail, transport, entertainment and media, banking and monetary sector, help drive market growth. Additionally, the spreading popularity of smartphones and e-commerce inspires more technologically-driven payment methods and virtual currencies, such as Bitcoins. Glance Technologies Inc.

Impact of Cryptocurrency on the Financial Sector

The global economy mainly depends on the US Dollar. As the US Dollar is the reserve currency of the world’s monetary system, every single economic sector around the world depends on the US market. Hence, any alterations in the US financial markets always affects the world economic market.

However, with the rise of Bitcoin and other cryptocurrencies, the financial activities are getting decentralized. This is considered to change the dynamics of foreign relations, international trade, and diplomacy significantly.

The ecosystem of the international financial transfer transactions and the mainstream economic context basically requires entities such as banks, clearing houses, and Swift. This means no global transfer of money can happen without the SWIFT network.

Thankfully, with the advent of cryptocurrencies, this is no longer required. By cutting out the middlemen, cryptocurrencies are causing a huge influence on the global payment How? Let’s take Bitcoin as an example. Doing a Bitcoin transaction is very similar to exchanging cash with someone. Just sending someone a sum of money.

It does not need several intermediary parties and does not create a billing sequence. It’s just a simple step where you just have to trust your payment provider.

Also, Bitcoins can’t be counterfeited or hacked (because of blockchain). Every transaction that occurs is placed on a list, and every client has a copy of the history.

That means that you can’t forge Bitcoins. Double spending is also not possible due to the nature of the blockchain.

Wrapping Up

The whole purpose behind adopting new means of payments is making it simpler for people to shop online; for e-commerce businesses to reach more customers. Cryptocurrencies help accomplish this goal because they have no barriers or borders.

I will point out that it will take time for more and more people to practice cryptocurrencies to this end. They also have some downsides, but they are a legitimate option for digital transactions.

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