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Showing posts with the label blockchain

Simple Rules for Protecting Your Cryptocurrency

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Users need to protect their earned cryptocurrency rather than not securing it and keep the chances open to hack it. There are a few important rules to follow to protect the cryptocurrency. Using Wallets from Valid Sources: All the startups in the cryptocurrency industry are not audited by financial regulators. Many wallets present are from less reputable companies. Wallets offered with attractive features are mostly malware. Store Coins in Colds Wallets: Storing coins in hardware storage devices like hard drive or USB avoids storage in online exchange. USB devices have buttons that require user authentication to confirm transactions. Cryptocurrencies Private Keys: Investors should not reuse the passwords used in social media. It is very important to use multi signature or two-factor authentication methods to authorize a cryptocurrency as it reduces the chances of fraud. Backup of Cryptocurrency Private Keys: It is a wise decision to store private keys in a har...

Basic Questions To Ask When Buying Cryptocurrency Exchange Software

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As cryptocurrency is super-trending nowadays, it is important to be educated before buying cryptocurrency exchange software . There are few information required to be obtained from the  development company during the pre-development, development and post-development processes. There are a few attributes that needs to be checked with software provider when buying the exchange software, During pre-development, need to ask whether they provide whitelabel solutions. Check matching engine speed in TPS unit Have to check whether it is cost-effective than building from scratch. Liquidity is provided while the customer sends the order to an exchange Whether their mechanism is faster than eliminating the KYC process. Carrying out simultaneous trading between various cryptocurrencies. Whether tokens are provided in order to avail transaction discounts. Intermediate is present for secured wallet transaction mechanism. Whether negotiations are private and invo...