Visa has made a decision to allow the use of the stablecoin USD Coin in the settlement of transactions on its network over the Ethereum blockchain.

As announced on Monday, global payments technology company Visa Inc. mentioned transactions on its network could now be settled via Cryptocurrency with the use of the stablecoin USD Coin. 

According to a Reuters report, Visa noted the program was piloted with the payment platform Crypto.com, further stating that plans are underway to extend it to other crypto partners.

The USDC, or USD Coin, is a stablecoin crypto with a 1:1 fixed ratio to the US Dollar in value.

This marks a turning point in the settlement of transactions on the Visa payment network especially for partners with cryptocurrency holdings. The traditional process required customers with cryptocurrency holdings to convert the asset to fiat currency at an additional conversation rate before payments could be made on the network.

On the other hand, with this recent development, customers could easily settle transactions directly with the use of USDC by paying to Visa over the Ethereum blockchain, eliminating the hassles and extra fees that come with conversions.

Head of Crypto at Visa, Cuy Sheffield noted that this move comes as a result of increasing demand for cryptocurrencies from “consumers across the world”.

Recall that Visa had been one of the major adversaries of Bitcoin and digital assets, attracting general criticisms for its otherwise “backward” stance on growing technology.

Now, with the recent decision to allow transactions directly with USDC, it has completely embraced the emerging concept of cryptocurrency—a move that could potentially open doors for seamless transactions on its network, attracting more cryptocurrency proponents.

It wasn’t until early this year that the Credit/debit card company made a complete turnaround in its position with the unveiling of its crypto payment service for banks last month after a period of seemingly ceaseless antagonism against digital assets.

Visa’s recent decision to accept settlements in USDC is the latest indication of increasing adoption of crypto in the FinTech industry with major big players like BlackRock Inc, BNY Mellon, and MasterCard Inc embracing and adopting virtual assets.

Meanwhile, the payment giant PayPal had been indicating interest in crypto right from the jump, stepping into the Crypto space officially sometime last year as they finally allowed users to hold cryptocurrencies on the platform.

MasterCard Inc. recently announced its plans to support digital assets, outlining strict criteria for adoption. Inasmuch as indications suggest not all cryptocurrencies would be adopted, these recent decisions by major financial firms suggest growing acceptance of digital assets—a revolutionary concept that can potentially affect the financial industry as well as conventional business transactions in a huge way.

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Blockchain technology has seen many projects for content creators to showcase their crafts.  The emergence of platforms such as Steemit and Publish0x provide writers with a great opportunity to showcase their skills to the world. Even better, they pay them. Wow!

At this time, I know newbies are asking themselves, Steemit or Publish0x? Worry no more; I’m here to analyze both platforms. Buckle up my friend, this road might be bumpy.

Steemit

Actually, Steemit has been in business for quite some time now. The platform has grabbed the attention of most content creators but not many have been successful over there. Well, this might be due to the fact that the quality of the content might not correspond to the amount of influence you get on Steemit. I know! This is the sad truth. As a matter of fact, low-quality content may receive more earnings compared to your high-quality masterpiece.

On the brighter side, Steemit is a global community. It is quite possible to meet fellow steemians in your local town, or even better, in the annual steemfest. Sounds amazing, right? Anywhere you go all over the world; it is possible you have some Steemit friends there.

Some other good news, it is up to you to influence your earnings on the platform. Does the mention of cash excite you?

Whilst it is not possible to influence the amount you earn, it is possible to influence and improve your earnings by staking Steem earnings. Another money-making opportunity is by investing in the voting bots. Yes, it is possible to create a steady income on Steemit.

I know what I have done here. The sound of bots is a turn off to many of us. I’m not a fan of bots either. However, the fact is that Steemit has a very high number of bots. I know it is sickening but well, we have no choice.  That’s Steemit for you in short. Let’s have a look at the other one:

Publish0x

This is a brand new one. We all love our new stuff and obsessed with them. Well, Publish0x is no different from them. Most tend to love it more and I’ll give you the reasons why. But first, in this ‘brand new baby’, users get rewarded using bounty0x tokens. Now, back to why most people love it more:

Money my people! Unlike Steemit where you have to wait for seven days to get your Steem, Publish0x pays instantly. People view your content and tip you. The more readers tip you, the more money you get. This is a monopoly free platform compared to Steemit which operates in monopolies. Moreover, the minimum withdrawal amount is 156 tokens which sound fair to me.

The good thing with publish0x is that it has a referral/ambassador system. Do you know what this means? It means Publish0x will grow at a faster rate. This is a good thing because traffic brings about more tips. More tips mean more Tokens. Practically, it is much easier to make money on publish0x than Steemit.

Another positive is that readers and writers both get rewarded. I know it sounds crazy but it’s true. But come to think of it, an author without a reader is worthless. Most importantly, readers and writers are all equally as significant.

No bots on Publish0x! It’s a bot-less platform, everyone is happy.

In Conclusion

It is interesting to see how this Publish0x platform develops. It is still in beta version but making strides. On a personal view, I think Publish0x has nice and friendly features compared to Steemit. It is only a matter of time before it bumps it.

The post The Future Of Publishing With Blockchain, Steemit vs. Publish0x appeared first on TechCavit.

In 2008 Satoshi Nakamoto deigned Blockchain to serve as a public ledger for cryptocurrency (Bitcoin). Which was the first digital currency to manipulate transaction without the need of centralized authority? As the world goes through a metamorphosis, technology grows alongside it.

Blockchain, as we all know is an open source wallet which is distributed and controlled by decentralized activities that keep transactional records between two people. Blockchain contains cryptocurrency wallets which control all account activities such that transactions are verified to ensure that they are owned by an individual. In relation to this, blockchain technology is vulnerable to attackers. These are the top trouble looming blockchain industry 2019.

For some time now blockchain has gained a lot of attention in divers’ area, which also comes along with challenges and problems. Smaller blockchains have a higher risk level of been attacked since few miners use their computer power needed to control more than 50% is lower.

Hackers are able to hack into a blockchain when they produce more than 50% of the blockchains power, in view of this they can control all activities by modifying data, double spending attacks, stop the block from verifying transactions and prevent other miners from creating blocks, which means they have authority to decide which block is permissible. which apparently cause security issues.

One problem facing blockchain is Hard Fork issues which are related to the upgrading of nodes. Also known as a software upgrade. It involves a wide range of blockchain where new nodes are not compatible with the old nodes or old node does not agree with the mining of new ones. At the end of the process, the old node will still control the chain even though it has been upgraded which is not right.

The computing power of new nodes are always stronger than that of the old nodes but during the process of upgrading one chain becomes two, which is not supposed to be so. Which has become one of the major problems facing blockchain?

Blockchain can be private, that is individual can verify and check transactions and also taking part in the census. Bitcoin and Ethereum are the typical examples of public chain. Private blockchain, where nodes are restricted with strict authoritative management.

Not every node can take part in the chain and lastly consortium blockchain, which is related to business and can be private or public. Blockchain such as Bitcoin and Ethereum, every recorded transaction is available for someone to look at, well that doesn’t mean they see your identity.  The fact that a large amount of information can be displayed in the public domain is against the norms in relations to financial, healthcare and legal sectors which have the robustness to privacy requirement.

Ethical issues have been one of the major troubles looming blockchain industry. Cybercrime has been in the system since the invention of Bitcoin. It is clearly seen that the price of cryptocurrency has been on an increase due to criminal activities. With the use of the dark web, cybercriminals are able to undertake illegal activities such as selling of drugs, weapons, fraud and scam, information leak, child trafficking, and other banned activities anonymously with bitcoin and untraceable transaction to money launders.

It is clearly seen that none of these problems in the blockchain industry has straightforward answers in solving them which limit the usefulness of the blockchain. Due to these problems looming in the blockchain sector, it makes it difficult to predict capacity accuracy.

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In the year 2009 when cryptocurrency (Bitcoin) was created by a developer called Satoshi Nakamoto, which was the first and most important cryptocurrency till know. They were designed as a reward for a process known as mining, which can know to be used for the exchange of goods and services online only. By then bitcoin was worth 1.00 USD from February to April in 2011.

As time has gone by, people become more interested in cryptocurrency as it gains popularity by cryptocurrency fans. The question here is which crypto fanatic do you belong to? Some cryptocurrency fans are just studying the cryptosystem, others are buying and selling, some are patiently waiting to be induced by crypto geeks while others are just supporting the cryptocurrency ecosystem.

Even though cryptocurrency fans are talking about the strength and weakness of crypto, others have the intention that cryptocurrency is for certain individual (young energetic males).

Since the design of cryptocurrency, it has yield alongside with global phenomena. Cryptocurrency is now all over the world especially in the world of technology.

The reasons why crypto fanatics are so much into cryptocurrency and the sudden return is quite varied from crypto nerds. Moreover, these group on individuals known as crypto fanatics can be classified into categories. But which one of them is on top of the chain?

The illegal buyers of goods and services: they are the group of individuals that buy and sell illegal goods using cryptocurrency on the black market using special browsers. Even though it is not promoted anymore but it does exist.

The cryptocurrency anarchist: these are people or group of persons that try to bring anarchy into cryptocurrency industry in relation to real money, they try to bring misunderstanding among cryptocurrency fans since it does not involve any central government activities.

Tech enthusiasts: these are a group of individuals that are into cryptocurrency technological project. It involves programmers and also protected by programmers, most of them are into cryptocurrency because of the tech behind it which is very remarkable and interesting.

At first, people were afraid to do transactions with real money but since the introduction of tech programmer, they come up with technology where transactions can be done online without the influence of a third party or the involvement of the central government. This is so, because of tech enthusiast or cryptocurrency programmers.

The get rich fans: these are individuals that are always on a lookout for the rise in cryptocurrency. These fans are also known as the maximin-pessimistic, they use an approach known as the Principle of Insufficient Reasoning, that is they have no information about the likelihood of the various states of nature in relation to cryptocurrency.

Due to this, it has attracted individuals especially those who want to be rich quickly. They don’t rely on the rise and fall in the value of cryptocurrencies but rather focus on which crypto is on top of the blockchain industry

The cryptocurrency investors: popularly known as risk takers; Most investors invest in gold for protecting one’s funds from market uncertainty, that’s the rise and fall of goods and services in the blockchain market. In real life, gold remains steady and keeps its value for a long time. Now that cryptocurrency is in the system which has dethroned gold, cryptocurrency investors are now investing in this digital asset called cryptocurrency which they believe to be safe compared to physical money or gold.

What they do is, they construct a payoff table and select a decision-making criterion on which cryptocurrency to invest on and apply it to the payoff table. They then identify the optimal decision and evaluate their solution. The return on each investment depends on the (uncertain) market behavior during the month within the year and then they invest. it is clearly seen that tech enthusiasts and crypto investors are ruling the crypto industry, which brings them to the top. Well for me, am partly a crypto enthusiast, investor and the get rich fan. So, which one do you belong to?

The post The Types Of Cryptocurrency Fanatics And Who Is On Top Of The Crypto Chain appeared first on TechCavit.

Tron’s investment of $100 million in its Tron Arcade could be deemed as a good investment, since a lot of gaming, entertainment firms and developers are attracted to the Tron blockchain through it.

The current addition is OxGames, an investment firm based in Cyprus that helps in the development of games. Tron blockchain is one of the fastest blockchains with high scalability which is the reason for their choice.

One of its games OxWarriors will be launched in Tron’s blockchain even though that its Beta version is already available on the blockchain. The game enables gamers to trade items like bludgeons and swords which are used in the game by fighters to win and participate in events within the platform.

In a tweet, Tron Arcade wrote:

“The 0xGames team has now set its sights on using TRON’s technology to improve their decentralized gaming experiences.”

Commenting on this development, CEO of OxGames, Sergey Kopov said that:

“Apps based on blockchain that could boast really high popularity haven’t been released yet. What we’ve seen over the recent months is that trading and mining enjoyed less demand due to the cryptocurrencies’ downward trends, however, decentralized games have certainly been on the rise. They are likely to become the driver behind mass blockchain adoption in the future.”

This addition follows the migration of the largest gaming platform in Ethereum, EtherGoo to the Tron blockchain. Presently, Tron blockchain is the most active blockchain ahead of EOS and Ethereum.

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