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Printing Your Own Crypto Paper Wallet

Printing Your Own Crypto Paper Wallet

Even though cryptocurrency is a digital asset, it doesn’t mean that you have to forgo the sensation of actually holding your money in your very own hands. That’s where paper wallet come in. They are a staple feature of using cryptocurrency and today’s tip is a tool that lets you easily print them for yourself.

Paper Wallet Generator

There are several cryptocurrency paper wallet generators that you are able to find online, but if you are going to use a service to secure your money, then you need to make sure it’s one you can trust. Bitcoin.com offers a free and easy to use Bitcoin Cash paper wallet generator that is ideal.

Once you click on the button that says, ‘Generate Wallet Now’, all you have to do is move the cursor around for a short while to create entropy and the service will quickly create a new wallet for you. After this, all you need to do is jiggle the cursor around the page for a little bit in order to create entropy and the service will quickly create a new wallet for you. Then you will only need to select an interesting design you like, click print and then you’re done. That’s it, basically three simple steps and you’re good to go.

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So for anyone that is looking to store large amounts of money in their paper wallet, or eager to learn more about the best way to protect their assets, our paper wallet portal provides instructions for attaining an even higher level of security. This entails downloading an even higher level of security. This entails downloading the generator and running it on a safe system that you trust without being in connection to the rest of the world.

Benefits

The benefits of a paper wallet are that they allow you to store Bitcoin completely offline and for the best security, it is recommended downloading the source code and generating the seed from an offline laptop.

Furthermore, anyone can create a paper wallet. You only need a printer, scissors, sellotape, and some basic first-grade skill!

They are convenient for spending too. You can spend money by scanning the paper wallet’s private key with the Bitcoin.com wallet or like real money.

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The benefits of Ethereum 2.0 will come sooner rather than later according to Vitalik Buterin

The benefits of Ethereum 2.0 will come sooner rather than later according to Vitalik Buterin

Quick take

1 minute read

  • Vitalik Buterin, has recently answered a number of questions from the community as a part of a “ask me anything“ session on Reddit. 
  • The co-founder highlighted many different topics but specifically said that he expects some significant and noticeable network improvements to come for the project sooner rather than later. 

Vitalik Buterin, the co-founder of one of the biggest crypto projects in the industry known as Ethereum has recently answered a number of questions from the community as a part of a “ask me anything“ session on Reddit. The co-founder highlighted many different topics but specifically said that he expects some significant and noticeable network improvements to come for the project sooner rather than later. He further said:

“TLDR: merge happens faster, PoS happens faster, you get your juicy 100k TPS faster.”

Over the years, the network for Ethereum has experienced some significant rounds of high congestion. Three years ago in 2017, the popular CryptoKitties game slowed down the network massively but with the decentralised finance space growing rapidly, the network has been seriously clogged up.

As a result of this, it has led to high fees and longer than average confirmation times.

With Ethereum 2.0 very much just around the corner, there is a significant scaling upgrade solution that is supposedly going to speed up the network rapidly. This will increase the number of transactions per second and it will also move the blockchain to a different consensus algorithm known as a proof of stake. Phase 0 for the upgrade is set to occur on the 1st of December in two weeks!

The co-founder further went on to say that “all of these changes are designed to decrease the time until eth2 becomes useful to people.” 

For more news on this and other crypto updates, keep it with CryptoDaily!

© 2020 CryptoDaily All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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How Ethereum 2.0 good see strong recovery for ETH

How Ethereum 2.0 good see strong recovery for ETH

Quick Take

1 minute read

  • As we come to the end of the year, there are numerous things occurring in the crypto space that no one could have predicted. 
  • With bitcoin jumping in value over the past few weeks/month, the alternative crypto market is quietly making gains simultaneously.

As we come to the end of the year, there are numerous things occurring in the crypto space that no one could have predicted. With bitcoin jumping in value over the past few weeks/month, the alternative crypto market is quietly making gains simultaneously.

Joseph Young, an analyst on Twitter has said that the second biggest cryptocurrency in the space, Ethereum has been performing extremely well over the past two months.

The upcoming Ethereum 2.0 deposit contract announced that the network upgrade would go live on the 1st of December. This has more than likely had a big impact on that open and how it has flourished in value over the past few months.

With the release of Ethereum 2.0, it would remove minors as the proof of work model is substituted for the proof of stake protocol. From here, users will be able to collectively verify transactions on the network without any need for a third-party to get involved.

You can see the tweet here from Joseph below:

Experience for users on the platform is more than likely going to change following the increase of the transaction capacity across the overall network.

The co-founder of Ethereum, Vitalik Buterin has confirmed that what was once a 15 transaction per second on chain processing speed could be increased to somewhere up to 5000 transactions per second on the blockchain upgrade.

The stagnation for Ethereum has technically allowed for the network to consolidate above significant moving averages and will be good for the future of the project.

For more news on this and other crypto updates, keep it with CryptoDaily!

© 2020 CryptoDaily All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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ETH/USD Profit-Taking Sees Massive Drop: Sally Ho's Technical Analysis 26 November 2020 ETH

ETH/USD Profit-Taking Sees Massive Drop:  Sally Ho's Technical Analysis 26 November 2020 ETH

Ethereum (ETH/USD) gained back some lost ground early in today’s North American session as the pair appreciated to the 526.39 area after trading as low as the 480.08 area in the European session, a test of the 479.03 area that represents the 78.6% retracement of the appreciating range from 439.77 to 623.22.  After trading at a fresh multi-year high of 623.22, ETH/USD came off and Stops were elected below a series of retracement levels including 579.73, 563.58, 553.14, 531.50, 526.88, 509.85, 496.86, and 483.06. Larger Stops were elected below the 550.01 and 504.72 areas, retracement levels related to the wider appreciating range from 313.00 to 623.22.  The next downside retracement levels in this wider historical range include 468.11, 431.50, and 386.21Stops were recently elected above the 615.19 area during the climb higher, an upside price objective related to buying activity that originated around the 142.10 level earlier this year.  The pair’s next upside price objectives include the 637.79, 668.87, 679.78, and 698.88 levels.   Traders are also paying close attention to technical resistance around the 627.83, 638.28, and 652.36 areas. 

Stops were recently elected above the 583.59 and 592.24 areas during the ascent, retracement levels related to selling pressure that commenced around the 894.50 and 1419.96 levelsStops were also recently elected above the 519.16, 521.13, 524.97, and 540.64 areas during the ascent higher, preceded by Stops triggered above the 503.54, 508.69, and 510.22 levels.  During pullbacks lower, traders are paying close attention to the pair’s trading activity around the 461.31 area, an upside price objective related to buying pressure that emerged months ago around the 125.52 area.   Some additional downside retracement levels include 432.71, 431.36, 427.78, 424.14, 422.81, 419.74, 415.20, 411.91, and 408.12. Additional areas of potential downside support include the 400.56, 395.87, 387.62, 380.03, 377.17, 367.24, 366.72, 354.44, and 353.78 areas.  Traders are observing that the 50-bar MA (4-hourly) is bullishly indicating above the 100-bar MA (4-hourly) and above the 200-bar MA (4-hourly).  Also, the 50-bar MA (hourly) is bearishly indicating below the 100-bar MA (hourly) and above the 200-bar MA (hourly).

Price activity is nearest the 100-bar MA (4-hourly) at 501.91 and the 200-bar MA (Hourly) at 540.21.

Technical Support is expected around 417.60/ 388.49/ 366.72 with Stops expected below.

Technical Resistance is expected around 627.83/ 637.79/ 668.87 with Stops expected above.

On 4-Hourly chart, SlowK is Bullishly above SlowD while MACD is Bearishly below MACDAverage.

On 60-minute chart, SlowK is Bullishly above SlowD while MACD is Bearishly below MACDAverage.

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ETH 2.0 Confirmed, Is ETH Prepared To Hit ATH?

ETH 2.0 Confirmed, Is ETH Prepared To Hit ATH?

ETH 2.0's beacon genesis is scheduled to launch on Dec.1, after the ETH 2.0 deposit contracts performing a parabolic gain in the past few days. 

The ETH 2.0 accepted deposit on Nov. 4, but to the worry of many investors, only 106,240 ETH had been deposited by November 20, while the launch of ETH 2.0 required 524,288 ETH. 

As the cut-off date drew close, the deposits spiked and hit the target 9 hours before the deadline. To date, 16,384 validators have made deposits and 583,552 ETH have been staked. Following the breakout, ETH gained over 10% in the past day and rose to as high as $622, its new year-to-date high, while Bitcoin remained stuck in $18K. ETH started off the year with $135, now it has gained nearly 350%.

What Is ETH 2.0?

Ethereum 2.0 is an upgrade aiming to enhance the network's scalability, programmability and security. After its completion, the Ethereum blockchain will fully adopt proof-of-stake(PoS) to secure its network, while ETH 1.0 employs a consensus mechanism known as proof of work (PoW). The whole process is divided into 4 phases and is expected to last for at least 2 years.

As the second largest cryptocurrency by market cap, ETH is infamous for its high transaction fee and constant congestion. This is because ETH 1.0 could only handle around 30 transactions per second. But with the launch of ETH 2.0, up to 100,000 transactions could be processed each second thanks to the shard chain. 

Consider driving a car to the other part of the city and the only way to do so is through a bridge. During rush hours, everyone would need to queue to cross the bridge and you are getting more and more annoyed. You don't know it would be minutes or hours before you arrive home. Suddenly, the bridge splits and extends, and you soon find the long queue before you disappear. The journey that used to take you a few hours now could be made in a dozen minutes.Shard chain works similarly to this way. Sharding is the process of distributing data to reduce the network congestion by creating new chains, AKA shards. 

ETH 2.0 is also more sustainable and could transform the whole ecosystem. The network of ETH 1.0 is highly energy-intensive because it requires all miners to solve complex mathematical puzzles and verify new transactions, and the first miner to solve the block problem will be rewarded with crypto. Instead of working together and winner-takes-all, the PoS system chooses the creator of a new block based on the stake and other validators who attest the block will get the transaction fees proportionately. Therefore, PoS requires less computing power and is more of a fair play.

Another advantage of PoS is that it makes a 51% attack almost impossible, or not sensible to the bad actor. That is because in order to launch a 51% attack, a person must stake at least 51% of the total amount of ETH in circulation. Buying such a significant amount of crypto would no doubt attract the attention of the market, not to mention the extremely high cost. 

What would happen to ETH's price?

The final phase of ETH 2.0 is expected to launch in 2021 and it is not the end for Ethereum blockchain. With the release of ETH 2.0, users could utilize ethereum in a much cheaper and efficient way, while getting more security. The increase of usage comes with greater demand that could send ETH's price to new heights.

“By the time ETH 2.0 and rollups work together there will be 100,000 transactions per second capacity. That’ll mean a completely seamless experience for the next billion people,”said Jamie Anson, founder of Nifty Orchard and organizer of Ethereum London.

ETH is holding nicely at the $600 and it is currently consolidating gains. The new main support area is $600-$605. The new resistance is $625 and this is a level that could attract take-profit. ETH could face some minor corrections but the long-term trend remains bullish.

Despite the black swan of COVID-19 at the beginning of the year, the end of 2020 is a springboard for cryptocurrency to go higher. With vaccines on the way, a clear election result and the sliding dolla, the next question for ETH is: how high can ETH go?

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© 2020 CryptoDaily All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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