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SIGEN.pro — Fast Cryptocurrency Exchange in a Single Click with No Registration
11-07-2018, 12:58 AM,
#11
RE: SIGEN.pro — Fast Cryptocurrency Exchange in a Single Click with No Registration
Ways to store cryptocurrencies

Cryptocurrencies are an excellent way to provide for yourself financially and build an honest financial system. But what's the right way to save them? There are two ways to store cryptocurrency: 

- Hot storage. Hot storage means that you put cryptocurrency in special wallets that let you withdraw and use the funds you need at any time. These wallets are continuously connected to the Internet, so you can access them anywhere with Internet coverage. And almost everywhere civilization has reached has Internet coverage. This type of storage is like storing fiat money in an account with a debit card and online banking abilities. 

- Cold storage. Cold storage means storing cryptocurrency in wallets that are not connected to the Internet, i.e. offline wallets.  The wallet's private key is also stored offline, on a hardware device or paper. Cold storage is generally used for saving cryptocurrency - for large and very large amounts. It can be compared to storing valuables in a safety deposit box. 

You choose which storage method to use. But you should know that cold storage is safer: your keys are completely safe, because they are not stored on the Internet. Your coins are not vulnerable to hackers or thieves. 

The best option is a combination of hot and cold storage. Use hot storage to store the amount that you want to be constantly available. Use cold storage for large sums, i.e. your savings. 

In a subsequent article, we will provide a detailed description of the types of wallets used to store cryptocurrency.
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11-19-2018, 12:21 AM,
#12
RE: SIGEN.pro — Fast Cryptocurrency Exchange in a Single Click with No Registration
What is a Softfork for Cryptocurrency?

A softfork aims to improve the existing cryptocurrency network. It happens without users noticing the very moment of interference — they just take its consequences for granted.

Incomplete update

A softfork does not require a major interference with the cryptocurrency's master code, and all changes are backward-compatible. This is the main difference between a softfork and a hardfork, with the latter, roughly speaking, generating a new coin. A softfork happens within the existing network, and its objective is improving network operations without making significant changes.

It's a sort of regular software update we all have to make by uploading updated versions of old software, e. g. word processing or image editing apps. Old versions accumulate too many non-critical mistakes, or users request some improvements to be made. It leads to the need for an update; in case of cryptocurrency — for a softfork.

How it happens

In the Bitcoin network, a softfork happens as follows: the system is “rolled back” in time, and new blocks replace the old blocks while the chain of blocks remains unchanged. New blocks are identical to the old blocks in terms of structure. After the softfork, “old” blocks are validated along with the new blocks. All transactions before and after the softfork remain equivalent in value.

A softfork is usually administered by a team of developers after they discuss the idea with the user community. Since, however, cryptocurrency has an open source code, a useful change may be implemented by any user if they approach the community with an idea and the community approves of it.

The most well-known softfork in the Bitcoin network is SegWit that was successfully implemented without a hardfork.
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11-29-2018, 10:50 PM,
#13
RE: SIGEN.pro — Fast Cryptocurrency Exchange in a Single Click with No Registration
Jaxx Wallet: What It Is and How It Works

The Jaxx wallet is seen as one of the most popular wallets among cryptocurrency users.  This wallet is used for “cold” storage of coins; it has a mobile, web-based and desktop versions (the latter is a portable version you can store on and launch from a USB drive). It has no particularly unique features that would make it stand out among other wallets. Let's have a closer look at it.

Security

Many users think that Jaxx is one of the leading wallets in terms of security. Its set of features allows you to make backups and restore wallets on other devices, use the payment PIN code feature and obtain a private key.

What it can do
 - Jaxx is integrated with the ShapeShift cryptocurrency exchange allowing users to exchange coins within the wallet, even though for a fee.
 - You can use Jaxx to store BTC and ETH or some new coins growing in popularity. In total, it supports several dozens of coins.
 - The wallet can be used with Windows, Linux, OS X, Android and iOS. Additionally, you can set up the Jaxx extension by Google Chrome for your browser. You can also synchronize all wallet types on various devices.

How it works

You're recommended to download the Jaxx installation file via the official web-site jaxx.io. Select the suitable version of the program, download the installation file and install the wallet. In the process, you will be prompted to accept the Terms of Use.

You're recommended to select the coins you're confident you will use — don't overload the wallet.

Naturally, the most important recommendation is making a backup copy and saving the secret phrase which includes 12 words for this wallet.
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12-06-2018, 08:40 PM,
#14
RE: SIGEN.pro — Fast Cryptocurrency Exchange in a Single Click with No Registration
The dollar is used for illicit trade far more often than cryptocurrencies

Governments and central banks of many countries have repeatedly accused bitcoin and other cryptocurrencies of complicity in illicit trade and money laundering. They say that bitcoin is used to finance terrorists, sell weapons and drugs, etc.

We disagree with this view. To justify our position, we would like to cite the recent statement by the US Treasury Department, which personally refuted this torrent of negativity. The agency's representatives directly stated that fiat money, especially the dollar, is used for criminal purposes far more than bitcoin.

Criminals prefer fiat money

So, no matter what people say, officials indicate that criminals prefer dollars. Moreover, most trade happens through banks and various payment services that position themselves as law-abiding businesses.

According to the UN, illicit trade brings criminals an annual income of about $2 trillion. By comparison, cryptocurrency-based revenues from such activities are a drop in the bucket.

This statement by the US Treasury is an excellent response to all cryptocurrency detractors, who occasionally call for banning bitcoin because it is frequently used by criminals for illicit trade. Logically, the dollar should also be banned, since it is used for these purposes much more often. But nobody is demanding this.

This statement can also be regarded as a positive signal for cryptocurrencies' further development and legalization.
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