Author: changehero
January 30, 2020

Ethereum Classic had a flying start to the decade with a massive upsurge in its price this January. It indeed shed light once again on the project and we’ve been hearing people hinting that ETC is back in the race. There are a ton of contributing factors and in this post, ChangeHero will give you an outlook […]

Ethereum Classic: Code is Law by ChangeHero

Ethereum Classic had a flying start to the decade with a massive upsurge in its price this January. It indeed shed light once again on the project and we’ve been hearing people hinting that ETC is back in the race. There are a ton of contributing factors and in this post, ChangeHero will give you an outlook of Ethereum Classic and reasons for the buzz around it.

For the freshmen, Ethereum Classic is a decentralized platform that processes smart contracts — applications which run only when certain programmed conditions were met and enable transactions without any intermediaries. The platform is fueled by its native cryptocurrency ETC. There is a general misconception on Ethereum Classic coming into existence due to the infamous DAO hard fork. But in reality, Ethereum emerged as the new chain after the forking.

DAO — The Instigator

The story of Ethereum Classic and Ethereum is spiralled around the infamous DAO hack. Before the split, the Ethereum team developed the Decentralized Autonomous Organization (DAO) with aims to revolutionize the network. It is a complex smart contract, which was supposed to be a venture capital fund to support the development of decentralized applications built on the network. Users who wanted to have a say in the development of DApps had to buy DAO tokens to take part in the voting. Within a few days of the announcement, the crowd sale had accumulated $150 million in Ether.

Creators of the DAO also provided an exit strategy for those who wanted to leave. Though there was a bit of backlash regarding this, developers assured that it would not be a big issue. The storm struck on 17th June 2016 when a hacker exploited that loophole and stole $50 million dollars. FUD escalated in the community and as a result Ether price plummeted.

The Split

forking roads
Photo by Oliver Roos on Unsplash

The community settled down on counteracting the mishap with a hard fork at the block before the DAO attack. Despite a majority of them favoured in performing a fork to adopt new rules, a portion of the community decided to stick with the old protocol stating that the consequences must be faced and no changes will be made to the network. On July 20th, 2016, at block 1,920,000 the hard fork was performed and the new chain “Ethereum” was formed, and old blockchain was renamed as “Ethereum Classic.” It was one of a kind forking in the history of crypto that was solely based on ethical and ideological views. ETC remained the same till today following the founding principles of the network which is immutable blockchain and resilient against human whims.

As discussed earlier, Ethereum Classic enables the users to develop DApps on the platform which executes the transactions when preset conditions were met. The network has its own native cryptocurrency called Ether Classic that trades with the ticker ETC. It can be used to develop and execute apps on the network, process payments and can also be used for trading. The network falls short in terms of scalability as it uses PoW and will not be upgrading to the PoS and also the team lacks a strong developer support.

Albeit the lack of bigwigs, ETC performed decently and remained one of the most valuable cryptocurrencies in the market. Lately, ETC once again caught the attention of crypto savvy when its price shot up by 170% within a month. As of writing, ETC is being traded at a price of $12.04 with a total market cap of 1.4 Billion Dollars. Many reasons appear to contribute to this price action. One of them being Greyscale Investments pledging two more years of financial support to ETC and the other might probably be the ETC labs generous contribution of $1 Million to the UNICEF to fund blockchain startups which aim to solve the social issues. On a technical level, the network successfully executed Agartha hard fork improving the interoperability with Ethereum Blockchain. Moreover, the networks hashrate hit an all-time high of 20.65 TH/S recently indicating the growing interest of miners towards ETC.

Philosophical Stance: Code is Law

With more DeFi projects making its way to the blockchain and a head-start to the decade hints that Ethereum Classic has got the potential to climb up the ladder. Amid the setbacks, ETC is working its way to deliver a sustainable blockchain solution to the community. On the whole, Ethereum Classic is a promising blockchain project that stands true to its philosophical grounds and safeguards the immutable nature of the blockchain.

On ChangeHero you can exchange Ethereum Classic with all the popular cryptocurrencies at the best rates. We also offer Fixed rates for the Ethereum Classic swaps. Do give it a try.

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Author: changehero
January 27, 2020

ChangeHero is off to a flying start in 2020. Trezor — One of the most secure and popular hardware wallets has integrated ChangeHero’s exchange API to bring you fast and seamless cryptocurrency swaps into your key-sized device. Perks from the collaboration Now you can quickly exchange your favourite cryptocurrencies right inside your Trezor wallet via […]

Partnership Announcement: Trezor Wallet Integrated ChangeHero’s Swap Services

ChangeHero is off to a flying start in 2020. Trezor — One of the most secure and popular hardware wallets has integrated ChangeHero’s exchange API to bring you fast and seamless cryptocurrency swaps into your key-sized device.

Perks from the collaboration

Now you can quickly exchange your favourite cryptocurrencies right inside your Trezor wallet via ChangeHero in just a few clicks without any hassles of registrations or logins. For all the transactions you will be able to enjoy the best rates available in the market.

Trezor is well-known for its robust security features and with this joint venture, you can swap crypto in a secured environment without leaving the wallet interface.

ChangeHero is excited to have such a great partnership with Trezor Wallet and looking forward to serving the customers with the best.

About Trezor: Released in 2014 by SatoshiLabs, Trezor is the first mainstream hardware wallet to hit the market. It enables the users to safely store, send, receive and exchange a great range of cryptocurrencies like BTC, ETH, XRP, LTC, and other popular coins and tokens. Trezor is much safer than traditional software wallets as the private keys are held on the physical device, rather than on a smartphone or a computer. Moreover, Trezor Wallet isn’t connected virtually making it almost impossible for hackers to steal your funds.

About ChangeHero: ChangeHero is one of the most reliable non-custodial instant cryptocurrency exchanges. You can exchange crypto-to-crypto without any sign-ups or logins. Also, you can simply buy crypto with a credit or debit card. We provide the best rates available in the market with the lowest fees. Our customer support is available round the clock to assist you in every way possible. ChangeHero follows the customer-first policy and aims to deliver the most convenient, frictionless and easiest exchange process.

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Author: changehero
January 22, 2020

With aims to bring back the Satoshi’s Vision, BSV has always been the talk of the crypto town. Despite the looming controversies, it continued to grow since its inception and swept the market in the last week with over 300% gains. With the unceasing buzz in the community, Bitcoin SV started the decade with a bang and […]

Bitcoin SV Price Prediction 2020: Massive bulls ahead?

With aims to bring back the Satoshi’s Vision, BSV has always been the talk of the crypto town. Despite the looming controversies, it continued to grow since its inception and swept the market in the last week with over 300% gains. With the unceasing buzz in the community, Bitcoin SV started the decade with a bang and going great.

In this post, ChangeHero will give you a brief outlook of BSV’s price action and how it would be performing in 2020.

Forked

The dawn of bitcoin gave rise to a billion-dollar industry along with hundreds of cryptocurrencies. And Bitcoin Satoshi’s Vision is also among them but has a significance of its own. BSV is relatively young crypto which came into existence as a result of the Bitcoin Cash hard fork. Though the chain officially split from the Bitcoin Cash on November 15, 2018, the idea of BSV has been existing way before the parting. Craig Wright lead BSV is keen to bring back the Satoshi’s Vision and claims to be the original Bitcoin.

The initial idea of increasing the block size from 32 MB to 128MB has resulted in the community division. A few of the core notions include a more stable protocol, safe transactions, zero confirmations and large scale transactions to boost the adoption of this cryptocurrency both by the consumers and businesses.

Despite the delayed entry, BSV has taken the crypto enthusiasts by surprise with its splendid performance in the market.

Dawn of the SV

BSV price chart 2018
Source: CoinMarketCap

Even before the forking event, BSV’s value shot up to $223 on November 14, 2018, thanks to the buzz about the Satoshi Nakamoto’s identity and its promotional strategy stating that it is the original Bitcoin. Though BSV touched the rock bottom of $46.61 in the following days, it gained considerably well and traded just under a hundred dollars till the end of the year 2018.

Ending the decade

BSV price chart 2019
Source: CoinMarketCap

BSV started trading in the year 2019 at a price of $91.75. Despite the head-start, BSV was not able to keep up the pace and the price gradually dropped in the following weeks mostly due to the technical issues in the network. Storm stuck BSV community when Binance has announced the delisting of BSV from exchange citing Wright’s claims of Satoshi Nakamoto’s identity as false. To worsen things, Shapeshift also delisted the crypto following Binance. This led to a sharp drop in the price of BSV to $52 in April.

Albeit the unfavourable environment from various exchanges and crypto community giving a hard time, BSV bounced back and grew in the following months. Craig Wright’s lawsuit with David Kleiman, his deceased partner, can be credited to this as over $8 Billion worth of bitcoins were at stake in the case. With some people opposing the Bitcoin SV and others supporting in the public forums and social media, Craig Wright and BSV turned out to be the topic of discussion. Either way, it helped BSV to a large extent and its price raised dramatically in the mid-2019 reaching the year’s high $255.88 on June 22, with a total market cap of over $4 billion.

In the last half of the same year, BSV has fluctuated severely mostly due to the argy-bargy of Satoshi Nakamoto’s identity. BSV ended the decade at a price of $96.92 and comfortably stood among the top-10 most valuable cryptocurrencies.

A flying start to 2020

BSv price chart 2020
Source: CoinMarketCap

BSV sent tremors in the market with a theatric entry to 2020 with a massive upsurge in the second week of January. The price shot up over 300% in just two weeks and reached an all-time high of $441.20 on January 14. Alongside this, the young cryptocurrency cruised through the most valuable cryptocurrencies club and occupied the fifth place. The rise has taken place when the news broke out in the community that Craig Wright has acquired access to the Tulip Trust funds. The excitement didn’t stay longer and immediately after reaching the peak, BSV’s value plummeted to $248.21 on January 19, when Craig was unable to gain access to the private keys of funds in the Tulip Trust. As of writing, BSV was traded at a price of $316.62 with a market value of over five billion dollars according to CoinMarketCap.

Genesis Hard Fork

Amid the spiralling controversies and debates, the BSV team is adamant to deliver the promise of restoring Satoshi’s Vision. The community scheduled the Genesis Hard Fork event for release on February 4. With testnets and stable release already up and running, BSV is all set to deploy the major upgrade for the network. One of the most enticing changes that the community is looking forward to is completely removing the block size limit eventually transforming the chain to be highly scalable. Experts predict that this results in more transactions, adoption and might significantly impact BSV’s price. Quickly check this article for detailed info about the BSV Genesis Hard Fork. In addition, there is also a major halving event in the first quarter of 2020 which would have an impact on BSV price but it definitely deserves a separate article. Watch this space, the article’s just around the corner.

Talk of the town

It is of no surprise that BSV is a hot topic of discussion in the crypto community. On one hand, we see many influencers opposing BSV and on the other, there is some cult following to it. ChangPeng Zhao (CZ), Binance’s CEO took to Twitter to voice his concerns about Craig Wright’s claims of Satoshi’s identity. Vitalik Buterin has also slammed BSV in a video interview but he expressed scepticism about exchanges delisting BSV. On the other hand, Calvin Ayre and Jimmy Nguyen have been vocal about their support to BSV. Analysts appear to be bullish for BSV’s future. Wallet Investor predicts that BSV might be traded at a price of over $374 by the end of 2020. Crypto Rating went a step ahead and stated that BSV will be priced at $980 by the end of the same year.

To put an end,

BSV does draw a lot of scepticism and concerns on the first impression but on a deeper observation, the project reveals a completely different picture. It has been one of the best performing cryptocurrencies in the market since its inception along with plenty of technical improvements which has a greater potential to change the way crypto transactions take place. It is the only project aiming to bring back the Satoshi’s vision and is getting closer in doing so. On the whole, BSV appears to be a promising project and set to reach new heights in 2020.

On ChangeHero you can exchange all the popular cryptocurrencies to BSV at the best rates without any logins or signups. Also, you can buy BSV with zero confirmations.

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Author: changehero
January 21, 2020

The market of crypto wallets is constantly growing and changing. Knowing what it has to offer is essential if you want to make use of your funds and also keep them safe. Besides, there is absolutely no shame in using a wallet that doesn’t have a complicated interface. But what product to choose based on […]

How to exchange cryptocurrency on ChangeHero with Guarda wallet?

The market of crypto wallets is constantly growing and changing. Knowing what it has to offer is essential if you want to make use of your funds and also keep them safe. Besides, there is absolutely no shame in using a wallet that doesn’t have a complicated interface. But what product to choose based on these criteria? As always, we’re here to help with our articles. This time we are going to tell you about Guarda Wallet — a product that is commended for its user-friendliness and a wide variety of features.

First, a bit of background: Guarda team’s first product was an Ethereum wallet for Android OS in 2017. After receiving a grant from Zcash foundation to develop a light wallet app for the currency, the team has focused on creating blockchain-related products and expanding their range. In the past two years, they have developed a variety of products and plan to put out even more.

Guarda Wallet comes in a variety of forms:

Web-based multi-currency light wallet. In essence, it is an interface for interacting with blockchains. The desktop versions for Windows, Mac OS and Linux have all the same features of the Web version. There is also a Chrome extension which doubles as a dApp browser (like Metamask) to give user’s crypto funds extra utility: with it, they can earn and spend them.

These versions currently support 49 chains and all BEP-2 and ERC-20 tokens. Experts say that it is one of the widest ranges the market has to offer.

There is also Mobile multi-currency Wallet for iOS and Android (some of the currencies are not present in this version) and 15 open-source single-currency Android apps. The latter support currency-specific features, for example, you can carry out shielded transactions in a Zcash Guarda wallet.

In addition to existing features, Guarda plans to implement crypto-loans in partnership with Nexo in the nearest future. You can also expect their Token Creator along with the promotion tools to be fully integrated within the Wallet. This means that the team is rigorously working to make wallets usable not only as a storage.

Another feature is that Guarda Wallets allow restoring user’s assets with existing private keys. If you want to start using the wallet without creating a new one, you can just provide a private key, as well as a mnemonic, WIF or XPRV, and your assets will start showing in the Guarda wallet. Be careful, because the loss of your private key or seed phrase will result in loss of funds.

A wide variety of features might be confusing at first but the UI is simple and straightforward. In addition, the team constantly puts up guides and maintains a knowledge base to help even a newcomer understand everything.

Of course, when talking about crypto wallets, we can’t forget about security. Access to your wallet is granted by two steps: a password you yourself create and the backup file, generated by the wallet and usually stored in the browser’s cache. Mobile users can set up FaceID/touch ID for extra security. The sessions in all versions of the wallet can be set up to be timed-out after a period of inactivity.

Just like with other non-custodial wallets, Guarda neither has access nor stores the user’s info such as private keys, backup files and passwords. But then again, non-custodial wallets are still a safer option, since only you are in control.

All in all, Guarda Wallet is another trustworthy product, which can be of use for beginners as well as experienced users looking for a lightweight wallet with various functions.

How to Exchange Cryptocurrency with Guarda Wallet?

If you value accessibility and efficiency, why not try exchanging with ChangeHero? We are dedicated to making exchanges fast, optimal and convenient. Here’s how you can easily do it in a few steps.

1. Choose your assets: Go to ChangeHero. Choose the assets for the exchange pair and enter the input amount. Pick a rate — standard or fixed. ChangeHero will immediately show an estimated amount that you will receive.

ChangeHero homepage

2. Provide an address: Generate a recipient address in your Guarda Wallet and provide it in the next step. You can do so by copying the address and pasting it to the ChangeHero page.

Guarda wallet user interfaceChangehero exchange XRP to LTC

3. Double-check and confirm: In the next step, you have a chance to double-check your provided address. To progress, read and accept Terms of Use, Privacy Policy and KYC Policy.

confirmation screen on changehero exchange

4. Send the assets: Send the crypto to the address provided by ChangeHero in the next step. Copy the address to Guarda Wallet or scan the QR-code if you’re using a mobile version.

exchanging crypto on changehero

Sending XRP on guarda wallet

Confirmation screen on Guarda wallet

5. Wait: Wait for the transaction to be processed and ChangeHero will send you the assets to you as soon as the exchange is completed. Usually, this takes about 5–15 minutes, depending on the blockchain.

Exchanging xrp on changehero

processing exchange on ChangeHero

Sending exchanged amount to user

6. Transaction complete!

Successful transaction screen on ChangeHero

Guarda wallet transaction history

This is how we do it — fast and with no unnecessary hassle. We always make sure that our customers get the best exchange rate at the time of transaction. By the way, buying crypto with USD at ChangeHero is similarly easy if you want more funds to store in your Guarda Wallet.

We hope you enjoyed the article, and if you’d like more updates on crypto trends and notable products, be sure to subscribe to ChangeHero Blog and follow us on TwitterFacebookReddit, Telegram to be the first to get notified.


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Author: changehero
January 16, 2020

A few weeks ago, we wrote in The Capital about the Foundation for Interwallet Operability (FIO) — a project aimed at replacing complicated alpha-numeric addresses with human-readable ones across blockchains. Today we are proud to announce that ChangeHero has joined FIO. What are the advantages of FIO protocol, again? First of all, it reduces the risk of human mistake by replacing […]

Partnership Announcement: ChangeHero is now a FIO Affiliate Member

A few weeks ago, we wrote in The Capital about the Foundation for Interwallet Operability (FIO) — a project aimed at replacing complicated alpha-numeric addresses with human-readable ones across blockchains. Today we are proud to announce that ChangeHero has joined FIO.

What are the advantages of FIO protocol, again?

First of all, it reduces the risk of human mistake by replacing a string of random characters with a sequence that is readable.

Secondly, FIO protocol allows transaction requests, with which your data is protected by encryption and can only be read by the recipient.

Thirdly, FIO protocol already supports attaching notes to transactions and in the future, users will be able to send more complex data like invoices with a request.

What does it mean for me?

If you already have a FIO username, you can use it instead of your recipient address when making a swap. For everybody else, we are planning to come up with a solution to transform ChangeHero recipient addresses into more readable ones using the FIO address system for your convenience.

With the public release coming in 2020 Q1, FIO addresses have all the potential to radically change the crypto landscape for the better and ChangeHero is as ready as ever to help you make the swaps easy and quick. We believe that this project can be a massive boost to crypto adoption and are excited to be a part of it.

As always, subscribe to ChangeHero Blog and follow us on TwitterFacebookReddit, Telegram to be the first to get notified.

 We will keep doing our best to fill your feeds with good news and handy information!


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Author: changehero
January 15, 2020

What started as an expression of dissatisfaction on the traditional financial systems led to the growth of a gigantic industry around it. Some call it an economic bubble and others applaud it as one of the most prominent technological innovations in history. Either way, Bitcoin continues to stun everybody with its price action and the buzz around […]

Bitcoin Price Prediction 2020: Kickstarting the Decade with a Bull Run?

What started as an expression of dissatisfaction on the traditional financial systems led to the growth of a gigantic industry around it. Some call it an economic bubble and others applaud it as one of the most prominent technological innovations in history. Either way, Bitcoin continues to stun everybody with its price action and the buzz around it. Be it a rookie or a pro-crypto-trader, all of them have only one question — What would be the price of Bitcoin in the future?

In this article, ChangeHero aims to answer this question by giving you a clear-cut detail about the past and upcoming events that would impact the value of Bitcoin.

It all began when Satoshi Nakamoto mined the genesis block of Bitcoin before a decade on 3rd January 2009 with the tag — “The Times 03/Jan/2009 Chancellor on Brink of second bailout from banks.” That almost clears out the reason behind the birth of the world’s first cryptocurrency. Though the first bitcoin transaction took place on 12 January 2009, it was between Nakamoto and Hal Finney, one of the first programmers of Bitcoin and developed reusable proof-of-work (not hinting anything here 😉).

Bitcoin Pizza meme
Source: Steemit

The first real-world transaction happened on May 22, 2010, when a miner had a good appetite by buying two pizzas from Papa John’s, must’ve been totally worth it.😉 At that time there was no set value and the price was negotiated on the bitcoin forum. In February 2010, BitcoinMarket.com was launched and a bitcoin was traded at a price of $0.003. In July, the same year, Bitcoin came into the caught the attention of the public when the news website Slashdot.org mentioned Bitcoin. This led to a drastic increase in the users and the price has increased ten folds reaching 0.08 USD per Bitcoin. In the same month, the popular Mt.Gox exchange also opened the doors for the public to trade bitcoin.

In the following two years (2011 & 2012), Bitcoin has seen technical advancements and began sparking a discussion in the community. At the beginning of 2011, BTC’s value was on par with the USD. A breakthrough in the reach came when the TIME magazine published an article about cryptocurrency which indeed helped Bitcoin reach new heights. But the enthusiasm didn’t last for long as the price plummeted following the infamous hack of Mt.Gox crypto exchange. In September, the same year, Vitalik Buterin co-founded the Bitcoin Magazine and we are all aware of how his story unfolded over the years.

Bitcoin Price Chart
Source: CoinMarketCap

The first halving event took place on November 28, 2012, at the block 210,000 which decreased the block reward to 25 BTC. Despite the halving event, BTC did not see any huge variations and ended the year 2012 at around $13. In the first half of 2013, BTC grew steadily followed by a short bear market in June. But, the crypto picked up in mid-august and entered the first remarkable bull-run. In November, BTC crossed the thousand dollar mark and was traded at over $1100 in December. In a surprise, bears hit the market and the prices plummeted quickly in the following weeks closing the year trading just above $750. The crypto winter continued for the next two years and bitcoin fell to $250 in mid-2015.

Right after that, the prices picked up which can be connected to the increase in merchants and banks accepting bitcoins as a means of payment. There was considerable growth in the subsequent months until the second halving event and Bitcoin reached over $600 by July 2016. Akin to the initial halving event, there was no spontaneous reaction in the market but the price rallied despite the infamous Bitfinex hack and BTC ended the year by trading at over $900.

Bitcoin price chart for 2016-2018
Source: CoinMarketCap

The year 2017 can be considered as the year of Bitcoin as it brought it into the limelight with its massive bull run. In February, BTC hit the thousand dollar mark putting an end to the three-year-long wait. In the next three quarters, BTC grew considerably and was sold at a price of $4700 by the end of August. Things escalated in the last quarter, bitcoin bulls were unleashed sky-rocketing the price in a span of few days and reached the all-time high of $20,089 on December 17th. This price surge can be related to the introduction of the offering of the Bitcoin Futures and many companies accepting BTC as a legal tender.

The celebrations didn’t last long as the price fluctuated dramatically in January 2018 raising concerns about the reliability of cryptocurrencies. This was followed by the ban of anonymous trading in South Korea and Facebook advertising and the BTC took a nose-dive and fell under $7000 in February. This marked the beginning of the bear run and the value depreciated to $3500 by the end of the year 2018. One of the major reasons concerning the bear market would be the backlash from multinational companies banning advertisements of cryptocurrencies, unfavourable legislation, and incidents of hack and theft of Bitcoins from exchanges.

Bitcoin price chart for 2019 -2020
Source: CoinMarketCap

Bitcoin commenced the year 2019 just below $4k and the price remained rather stable without any major highs and lows in the first quarter. In March, the Iranian government lifted the ban on cryptocurrency and eventually bitcoin has started gaining and crossed the 5000 dollar mark in early April. The price action can also be correlated to the anonymous purchase of a whopping 20K bitcoins in the Asian market. Bitcoin continued the rally and clocked a year-high price of $13,016 in June and the rise can be attributed to the launch of Bitcoin futures in the market. Later in the year, Bitcoin continued to fall and ended the decade just above seven thousand dollars.

Bitcoin kicked off 2020 with a $500 rise in the first week of January itself and traded at over $8000 per bitcoin. Albeit the fluctuations, in the last few days, BTC saw huge gains with $9k in clear sight. This current trend can be contributed to the political tensions globally and the unstable economies looking towards bitcoin for everyday use. As of writing, Bitcoin is being traded at a price of $8788 with a total market value of over 159 Billion Dollars.

If you have been following the cryptocurrency for a while then you should have definitely come across the word Halving. The block reward of Bitcoin is expected to halve in the first quarter of this year and experts predict this will have a significant effect on the price of Bitcoin. If we draw patterns from the historical data, both the halving events did not yield an immediate effect on the price but resulted in constant growth for over a year and then led to all-time highs. Based on these observations it can be said that halving can probably initiate a new bull run. Check out this article on Bitcoin Halving to know more about how halving could impact the bitcoin’s price in detail.

There has been mixed opinion on the future of Bitcoin in the community. Wallet investor predicts that by the end of 2020, Bitcoin would be priced at around $12000. On the same note, LongForecast is also bullish on Bitcoin’s future and the firm estimates that Bitcoin will be traded at around $14000 per coin.

Peter Brandt Bitcoin technical analysis
Source: Twitter

Peter Brandt predicts that Bitcoin would be traded anywhere between $6800 and $50000 in the near future. Alongside with the bulls, Tomas Salles suggests that BTC will be reaching a price of $80,000. On top of all this, John McAfee went a mile ahead and predicted that Bitcoin will be traded at a mammoth price of $1 Million per coin.

Though all these predictions sound too good to be true, it is near to impossible to come up with an exact price of Bitcoin in the future. Considering the current trend and the historical data, we can conclude that Bitcoin is set to enter a new bull run post the halving event. On the whole, there are a ton of factors that affect the price of the crypto, increased adoption and favourable laws around the world would definitely drive the value of Bitcoin. On a final remark, it has been over a decade since the birth of Bitcoin and the legacy is omnipresent and we believe that it will continue to do so and reach new heights in the future.

On ChangeHero you can buy Bitcoin with all the popular cryptocurrencies and you can also simply buy it with a credit or debit card. Unlike other cryptocurrency exchanges, ChangeHero doesn’t require any registration and logins to buy bitcoin. We provide the best rates in the market and deliver it to your wallet at lightning speed. For more informative articles, cryptocurrency news and exciting offers, subscribe to ChangeHero Blog and follow us on TwitterFacebookReddit, Telegram.


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Author: changehero
January 14, 2020

Bitcoin SV came into existence to bring back the Satoshi’s Vision to the protocol but unwillingly ended up in a convoluting series of claims and controversies. Apart from harsh criticisms, BSV has a cult following and continued to perform well in the market since the derivation. The project once again caught the attention of the […]

Bitcoin SV Genesis Hard Fork: Restoring “Satoshi’s Vision” by ChangeHero

Bitcoin SV came into existence to bring back the Satoshi’s Vision to the protocol but unwillingly ended up in a convoluting series of claims and controversies. Apart from harsh criticisms, BSV has a cult following and continued to perform well in the market since the derivation. The project once again caught the attention of the community with its upcoming Genesis Hard Fork and the team believes that this major upgrade will take them a bit closer in achieving the Satoshi’s Vision.

In this post, ChangeHero will give you a quick overview of Genesis Hard Fork and things to look out for.

Hard forks are notoriously infamous for giving rise to new cryptocurrencies and BSV was also a descendant of the same club. The young crypto firm scheduled a major hard fork event on February 4, 2020. Contrary to popular beliefs, this is a pre-planned forking event to upgrade the network aiming to restore the original Bitcoin protocol.

BSV team has developed two testnets: Genesis Testnet or GT is already running with the planned features and improvements for the mainnet enabling the users to test their application behaviour prior to the hard fork. On the plus side, Genesis Reset or GR is a unique way of testing application behaviour during the forking process and will have a 48-hour reset cycle to ensure a repeatable and a stable forking. A stable release was deployed recently and a Scaling Test Network (STN) is slated for release on January 21 to enable the users to test the scalability by sending in large transaction volumes and blocks without affecting the mainnet. To put an end, the Genesis hard fork activation on the mainnet will take place at the block height 620538 and expected on February 4, 2020.

Rekindled

Scalability is one of the most concerning issues of blockchain projects and it bars both the developers and users from making the most out of it. Through Genesis hard fork, BSV aims to unleash the complete potential of the network by lifting off the block size limit. Miners will have the option either to configure their own block size limit or none at all to compete and provide the best service. Also, the update eases the limitations on data-carrier size and 25 transaction chain limits.

Furthermore, the fork will bring the original design of OP_RETURN into effect which would be a huge relief to the developers. Also, the team aims to improve the mathematical capabilities of the scripting language by replacing 32-bit numbers with “big numbers”. Besides, nLockTime and nSequence will also be restored to their original state of functionality which offers an opportunity to the users to make a transaction in the blockchain only when a certain time or block height is reached. Non-standard and complex transactions will also be made available to everyone and eliminate the need for negotiations with a miner to push the transactions.

In a surprising move, the BSV team announced that after the forthcoming hard fork, new pay-to-script-hash(P2SH)transactions will not be permitted and asserted that it would lead to better privacy and record-keeping on the chain. On top of all, the Genesis upgrade would bring more features like tokenization, Metanet-based applications, smart contracts, instant confirmations and many more.

Akin to the project, the forking event is also criticized by the crypto community and the sunsetting of P2SH is bashed by influencers. To make things even worse, Bitgo announced that its users would not be able to receive BSV after the Genesis hard fork. On the contrary, none of them appears to impede BSV and the team is busy cracking the code and delivering updates. BSV team also insists on upgrading and testing the software only on testnets and not on the mainnet. Check out their support page for more technical details.

Genesis Hard Fork appears to be an adamant attempt to revive the Bitcoin protocol and looks promising in some aspects. Despite the panning, BSV has a proven record in the market and stands comfortably among the most valuable cryptocurrencies. Though things are gloomy around this project, it is worth mentioning that BSV is trying to do bring back Satoshi’s vision and it definitely deserves the benefit of the doubt.

Did you know that on ChangeHero you can get BSV at zero confirmations? Buy BSV in a flash only on ChangeHero.

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Author: changehero
January 9, 2020

Not many blockchain projects can boast a goal as ambitious as revolutionizing the entire financial sector — but Ripple can. Not every currency has seven years under its belt and currently third-largest market capitalization — but XRP has. Both Ripple and XRP are incredibly intriguing and worthy of attention, and not only because of their […]

Ripple & XRP: The Internet Of Money by ChangeHero

Not many blockchain projects can boast a goal as ambitious as revolutionizing the entire financial sector — but Ripple can. Not every currency has seven years under its belt and currently third-largest market capitalization — but XRP has. Both Ripple and XRP are incredibly intriguing and worthy of attention, and not only because of their scale and size. In this article, we are going to tell you about more reasons to watch these two closely.

Long before Ripple, there was Ripplepay, developed by Ryan Fugger — a peer-to-peer payment platform where users were able to issue credit, a system of debt money. This idea later will take the form of On-Demand Liquidity, an integral part of RTXP — Ripple Transaction Protocol. Ryan would later help Jed McCaleb and Chris Larsen found OpenCoin and launch Ripple in 2012.

In the big picture, Ripple’s mission is to make blockchain to value the same thing as the Internet is to information today — a means of fast, reliable and transparent transfer. Their stance is to help centralized parties like banks and governments adopt blockchain solutions. Ripple Labs have seen some success, with a few banks and major institutions, like MoneyGram, American Express, PNC, Santander, SBI Remit and BeeTech, putting their products into use.

Even with the advent of the Internet and fintech, the banking system remains largely the same as it was dozens of years ago. Global remittance is steadily increasing, therefore, the demand for the facilitation of the process of sending money overseas should obviously be there. However, remittance is largely hindered by existing regulations regarding AML and compliance procedures, so much so that many banks offer wire transfers only. This is why Ripple Labs have come up with a solution.

The largest and most ambitious project of Ripple Labs is RippleNet — global exchange network, one of the main purposes of which is instant cross-border payments and exchanges. The technology that allows RippleNet to be used for it is built on top of a public ledger database called XRP Ledger. The network is designed to be used by banks and financial institutions, with XRPL’s native currency, XRP, acting as a bridge between borders and currencies.

XRP - Ripple - ChangeHero
Source: Ripple

Let’s say you’re making a remittance with one of the RippleNet participants, like American Express or InstaReM. They accept the sum you wish to transfer at the gateway, convert it into equivalent sum in XRP and transfer it over the blockchain as an IOU. At the destination gateway, the XRP is converted into fiat currency supported by that gateway, and the recipient gets the money you sent. On the surface level, the start and the end result of the operation are the same as a usual money transfer, but this transaction also requires way less time and fees.

Not only money transfer operators can make use of this system, but bigger financial institutions as well. The major hurdle at the moment seems to be the regulations, but with Ripple Labs’ Unique Nodes List and their general stance on keeping the ecosystem in check, this can be eventually overcome.

XRPL is open-source and not centralized. The ledger works using RPCA — Ripple Protocol Consensus Algorithm — with the help of validator nodes. For each transaction, the network creates a poll, in which nodes participate. If the necessary majority approves the transaction, the consensus is reached and it is carried out. The name “Ripple” comes from the idea of the algorithm checking transactions by using expanding levels of trust — like ripples on water. To quote Rome Reginelli, Documentation Engineer at Ripple: “…insight at the core of the XRP Ledger’s design is that a little bit of trust goes a long way”. This unique mechanism helps sustain the decentralized network and makes the confirmation faster than on any other major blockchain, let alone centralized financial network.

Instead of money, the ledger keeps track of debt or IOUs, and since transferring information about debt is faster than transferring actual value, the transactions are made within seconds. XRP in this process acts as a source of On-Demand Liquidity. Another feature of the coin is that it does not discriminate between one currency and another, being universal. But how is value in this system converted to IOU and back? This is where gateways come in. Each currency has one, and by using a certain gateway, the user grants their funds and trust to it.

At the moment of writing, XRP is capped at $8,921,479,365 and is sold for $0.205 according to CoinMarketCap.

Despite the claims that XRPL is independent from Ripple Labs, market players are concerned that its original developers have too much potential influence on the coin. Out of the existing supply of almost 100 billion XRP, most of it belongs to Ripple Labs. Besides, theoretically, there is nothing stopping Ripple Labs from introducing, even more, XRP to the market — except for the community’s trust. Finally, Ripple Labs keeps a so-called Unique Node List — basically, a list of trusted validators. With a list like that, it could be possible to force changes to the network bypassing the community, which is what decentralization is supposed to oppose.

Ripple is all about transfer solutions and has a wide spectrum of applications. Previously split into three different products: xCurrent, xRapid and xVia — Ripple has been merged into one. Now it encompasses solutions that do not necessarily rely on XRPL and XRP. For example, a solution, previously known as xCurrent, can be used for p2p messaging, encrypted validation and inter-ledger operations. These features are indeed being used or tested by financial institutions.

XRP, however, is used exclusively for transactions, by design. Sure, On-Demand Liquidity is a great concept, but not a lot of institutions are willing to risk and introduce it to their operational process yet. The reason for that is XRP’s value is based on its utility, but since at the moment the network is seldom used at the global scale, there is little use — hence, value — to XRP as well. Unless this cycle is broken, the prognosis is not too bright. As for the market, some experts claim that since the crypto industry is too young, the conventional market prognosis principles are not applicable here, so fluctuations do not necessarily spell doom for the coin. Some also say that XRP might have a bright future.

For now, there are not a lot of announcements of some grandiose projects to be launched in the future for RippleNet or XRPL and the community seems to be focusing on the implementation of their networks.

The partnership with Moneygram, who proves to be diligent partners to Ripple, gives the apologists hope that XRP will reach wider adoption in the future and the expansion of the network. More and more ODL-using channels emerge in Ripple’s growing partner list.

Regarding XRP, like we already quoted, the price dynamics for crypto should not be judged on the same terms as with traditional markets, so the coin has all the chances to shoot up in price. The point of XRP is to be used and valued for utility rather than be seen as another commodity. For the crypto to be adopted, users have to embrace its practical use rather than try to make a profit from it.

Though Ripple has seen considerable success in merging blockchain and traditional financial institutions, it is evident that the complete potential of it is not being put to use, at least at the moment. If these prospects come to be, banks could be revolutionized with the help of blockchain technologies, meaning transformation for the entire financial sector. The dream of transferring money as fast (and cheap!) as sending a message on the Internet would no longer be a dream.

Did you know that you can exchange XRP on ChangeHero without any account? Give it a shot here.