CruxPay by CoinSwitch is Making Crypto Transactions Easier Than Ever Before

Ursprünglich erschienen auf: https://thebitcoinnews.com/cruxpay-by-coinswitch-is-making-crypto-transactions-easier-than-ever-before/

Developed by CoinSwitch – a major cryptocurrency exchange platform, CRUXPay is one of the popular decentralized systems that is mainly used for Blockchain naming and easier transaction functions. Creating your account with CRUXPay and getting started with the system is a simple process. All you got to do is create a CRUX ID and get access to its amazing features and advanced security. The moment you create the CRUX ID, your account will be linked to the Blockchain address. Any specific Blockchain address backed by your Crypto wallet can be linked to your CRUX ID.

What
are the Common Mistakes Done During Crypto Transactions?

As much as trading
cryptocurrency is an exciting and secure idea, its pitfalls are annoying.
Crypto users (especially beginners) are likely to commit mistakes when
investing, storing, and trading these digital coins.

One such mistake
that crypto users should avoid is the inability to protect their crypto
wallets. Everything you invest, deposit, and receive is stored in these
wallets. Though they are secure, the users can lose or forget their wallet’s
private keys. If that happens, you will lose all your crypto savings for good.

Furthermore, the
smartphone or other devices that are storing your crypto wallet can be stolen,
lost, misplaced, and broken. Now that your device is no longer active, you lose
your access to the wallet and the private keys that your device was holding.
The best possible way to retrieve your money from the wallet is by creating a
backup in advance. That is exactly what the CRUXPay protocol helps you do. Now
that you have linked the private keys of your wallet to the CRUX ID, you no
longer need to worry about the wallet lost.

Information
on Blockchain Naming Services and How Can They Help in Easier Crypto
Transactions?

The main purpose of
the Blockchain naming Services (BNS) is to connect the user-selected names to
off-state. The process takes place without the involvement of the central
points of management. The network does not allow any confusion since the name
assigned to each state is different. Furthermore, the name is picked by the individual.

As the popularity
and usage of cryptocurrency is increasing at a rapid rate, the token
transactions are getting more difficult than ever before. Blockchain networks
have failed to solve the “wrong address transaction errors” issues.
Basically, this error occurs when the user creates an address that involves too
many letters and numbers. If you don’t verify the address before processing the
transaction, there’s a good chance all your money will be transferred to the
wrong user’s account.

The wrong address
errors are getting common as cryptocurrency platforms are occupied by a large
number of users worldwide. To recover these tokens, the users need to pay a
heavy fee to the exchanges.

To cope with the
issue, developers came up with a BNS system that allows users to create their
own human-readable address. Undoubtedly, this feature has made it much easier
for users to type the address quickly when sending money across different
countries.

Wallet
to Wallet Transfer Services by CruxPay

Needless to say, users
can request, transfer, and receive payment with a valid CRUX ID. In addition to
that, individuals can connect to any dApps using their CRUX ID. You can enjoy
the benefits of wallet to wallet transfer using CRUXPay.

Being a
decentralized protocol, CRUXPay enables users to create a 100% secure CRUX ID.
As far as its security and reliability are concerned, you can rest assured that
CRUX ID is built keeping in mind the user’s security needs. Your CRUX ID is
supported by Bitcoin’s hash power. Moreover, the ID is created using the public
and private keys of your wallet.

Pull
Transaction – A Modern Crypto Feature by CruxPay

The main feature of
CRUXPay is its pull transaction services, a system that has been lacking in
recent crypto world. Pull system eliminates the requirement of entering the
wallet details, recipients’ address, the total amount, and other necessary
information when transferring the money.

With a pull
transaction, the service provider can pull your money from the crypto wallet
just like how credit card does. You only need to provide your CRUXID to the
service provider and the latter will send a request of pulling a certain amount
of money from your wallet. Once you approve the request, the money will be
transferred.

Post source: CruxPay by CoinSwitch is Making Crypto Transactions Easier Than Ever Before

More Bitcoin News and Cryptocurrency News on TheBitcoinNews.com

Read More

LiteLink Technologies Issues Letter to Shareholders

Ursprünglich erschienen auf: https://cryptocurrencynews.com/litelink-technologies-issues-letter-to-shareholders?utm_campaign=rss__ccn&utm_source=rss&utm_medium=rss

VANCOUVER, British Columbia, Dec. 02, 2019 (GLOBE NEWSWIRE) — LiteLink Technologies Inc. (“LiteLink”) (CSE:LLT)(OTC:LLNKF)(FRA:C0B), a key player in logistics platforms and payment solutions, is pleased to provide the following letter to shareholders from LiteLink Chief Executive Officer Ashik Karim.

Dear Shareholders,

It is my honor to write my first letter to you as chief executive of LiteLink Technologies Inc. (LiteLink), following a year of innovation, market expansion and exciting growth. We are staying true to our mission and core values that we have built at LiteLink over the past 18 months. 2019 was a …

Get latest cryptocurrency news on bitcoin, ethereum, initial coin offerings, ICOs, ethereum and all other cryptocurrencies. Learn How to trade on cryptocurrency exchanges.

All content provided by Crypto Currency News is subject to our Terms Of Use and Disclaimer.

Read More

Poloniex Delists DigiByte (DGB) After the Founder Criticizes TRON

Ursprünglich erschienen auf: https://cryptocurrencynews.com/poloniex-delists-digibyte-criticizes-tron/?utm_campaign=rss__ccn&utm_source=rss&utm_medium=rss

Digibyte has been thrown out of the exchange Poloniex after critical words were said of TRON’s Justin Sun.

What’s Next?

The news must have come as a shock for many in the crypto sphere, and many believe that it came about because of Digibyte founder Jared Tate’s incessant criticism of TRON founder Justin Sun. TRON is the 12th biggest cryptocurrency in the world, and in a Twitter thread yesterday, Tate went on to criticize the project in no uncertain terms.

In the aforementioned thread, Tate called Sun a ‘crook’ and eventually went on to …

Get latest cryptocurrency news on bitcoin, ethereum, initial coin offerings, ICOs, ethereum and all other cryptocurrencies. Learn How to trade on cryptocurrency exchanges.

All content provided by Crypto Currency News is subject to our Terms Of Use and Disclaimer.

Read More

Ethereum Devs Propose Hard Fork to Address Impending Ice Age

Ursprünglich erschienen auf: https://cryptocurrencynews.com/ethereum-hard-fork-address-ice-age/?utm_campaign=rss__ccn&utm_source=rss&utm_medium=rss

Ethereum developers have proposed a hard fork, titled the Muir Glacier, which is aimed at addressing the impending Ice Age that could potentially slow down the Ethereum mainnet.

A hard fork refers to a radical change to a network’s protocol that makes previously invalid blocks and transactions valid or vice-versa and requires all nodes or users to upgrade to the latest version of the protocol software. Ethereum’s Ice Age, also called a Difficulty Bomb, is the increasing hashing difficulty in the mining algorithm used to reward miners with Ether (ETH) on its blockchain and serves to …

Get latest cryptocurrency news on bitcoin, ethereum, initial coin offerings, ICOs, ethereum and all other cryptocurrencies. Learn How to trade on cryptocurrency exchanges.

All content provided by Crypto Currency News is subject to our Terms Of Use and Disclaimer.

Read More

XRP, Ethereum Classic Futures Debut on OKEx

Ursprünglich erschienen auf: https://thebitcoinnews.com/xrp-ethereum-classic-futures-debut-on-okex/

OKEx added two more futures products to its portfolio, offering a settlement in Tether (USDT). The futures for XRP, Ethereum Classic (ETC), as well as TRON (TRX) and Bitcoin SV (BSV) will be added to earlier products for Bitcoin (BTC), Ethereum (ETH), EOS, Litecoin (LTC), and Bitcoin Cash (BCH).


OKEx Adds XRP, ETC and More

OKEx, one of the leading futures exchanges, was also the first to offer USDT settlement. This means trader accounts will not take delivery of the underlying asset, offering a simplified structure. Traders can bet on price fluctuations for the altcoins, without handling multiple wallets.

OKEx plans to expand the products, in essence evolving the altcoin market. Just as promised, OKEx also added Tron (TRX) and Bitcoin SV (BSV) to its futures market today.

“Our mobile USDT-margined futures marketplace will also be launched very soon,” the exchange team announced.

The introduction of altcoin futures may change the way the assets are traded, but also diminish ownership. Trades no longer have to leave some of the accounts as “bagholders”, trying to push the actual physical assets.

Futures Allow Risk Taking Without Buying the Actual Asset

Traders will be operating with USDT alone, also risking with margins to make their bet on price action. The new XRP, ETC, BSV and TRX futures can be leveraged from 0.1 to 33.3 times, a moderate risk by crypto standards which offer margin risk as high as 100 to 500 times.

OKEx expanded the futures market in about a month, adding a small portfolio of assets already. The effect of futures on the assets is uncertain, but those types of instruments may invite more experienced traders.

With the greater volatility of altcoins, futures will allow for benefitting from price movements in either direction. The underlying assets selected by OKEx have been seeking direction, after dropping and stagnating in the past months.

XRP is now at $0.21, sliding lower on general bearish expectations. ETC sank to $3.76, but remains liquid enough to offer speculative trading. The coin has seen problems with its low hashrate, which means exchanges require more confirmations for the actual coins. Betting on a derivative product would mean no exposure to actual ETC.

Futures have been criticized for “wagging the dog” of spot trading. But for altcoins, the chance to bet on the price without buying or dumping outright may smooth out some of the volatility. Following the news of the listings, the other pair of altcoins, TRX and BSV, also remained depressed. As the market turned red, TRX remained at $0.14, while BSV sank to $94.59.

What do you think about the USDT settled futures? Share your thoughts in the comments section below!


Images via Shutterstock, Twitter @OKEx

The post XRP, Ethereum Classic Futures Debut on OKEx appeared first on Bitcoinist.com.

 

source: https://bitcoinist.com/xrp-ethereum-classic-futures-debut-on-okex/

TheBitcoinNews.com is here for you 24/7 to keep you informed on everything crypto. Like what we do? Tip us some BAT

Send Tip now!

Post source: XRP, Ethereum Classic Futures Debut on OKEx

More Bitcoin News and Cryptocurrency News on TheBitcoinNews.com

Read More