Day: February 10, 2018

Zaaica, a decentralized, secured and smart payment platform developed to operate on its own blockchain presents itself as a unique project in the industry. The platform, powered by Zaaica Coin, intends to promote mass adoption by capturing more than 2.2 billion smartphone users. The potential users and investors of the platform are seeking to harness Zaaica’s platform for making quick microtransactions and rapid currency transfers. The most promising feature that makes Zaaica Coin different from others and one of its kind, is the token’s own specialized blockchain.

About Zaaica Coin

Zaaica is a cryptocurrency or altcoin, based on its own blockchain. At present, Bitcoin is the major force dominating the market characterized by the rising technologies coming along. Zaaica is yet another revolution in the industry since it assures investors quick and impressive returns typical of a token sale of a tangible product, and an opportunity to be the early adopter of this innovative technology. Zaaica is pioneering the creation of the first digital coin that offers a simplistic solution to mobile users.

Zaaica’s purpose-built blockchain is optimized to enable economical microtransactions and currency transfers. Users are able to trade Zaaica Coins (ZIC) on all major exchanges, besides Bitcoin, Litecoin and Ether. ZIC blends all Zaaica platforms through Zaaica Wallet — its own wallet service, enabling the social trading of virtual goods, stocks and cryptocurrencies.

 How it works?

Zaaica is an open-API ecosystem, handling an increasing number of providers in the world’s most regulated and sensitive markets. With an increasing number of connected brokers, providers and publishers, the ecosystem is growing faster. The platform will add P2P component to the services it provides to expand into one of the fastest growing and biggest markets globally with Switex. Zaaica not only offers cryptocurrencies trading but also a completely functional infrastructure around blockchain, letting every potential investor trade financial instruments and virtual goods in a safer way.

What are its salient features?

At Zaaica, users can create their own private blockchain launched by third party businesses. These blockchains are personalized to cater their needs and are highly secured on Zaaica blockchain. Zaaica Blockchain as a Service (BaaS) lets developers test and deploy bespoke blockchain apps in the cloud, make custom blockchain implementation as per their needs and access it through APIs.

Zaaica is the platform for hosting and consultation for the decentralized apps (Dapps) on Ethereum blockchain, a novel approach to traditional smart contracts. Zaaica brings one-click provisioning of other blockchain platforms, including Bitcoin, Ethereum, LISK and BitShares. The platform follows a 3-tier architecture; the client tier, the application tier and server tier.

Why one should invest in Zaaica?

The fact that Zaaica is expected to gain higher future value, it bears a great attraction for long term investors as well as for digital coin speculators who are trading Zaaica coins to achieve short term gains. With the cryptocurrency already available on the platform, interested investors don’t have to wait any longer. They can visit the website and purchase the revolutionary digital currency right away.

To know more about the platform and invest in Zaaica Coins, please visit http://zaaica.com/

The post Zaaica Coin, Disrupting the Crypto Payment Ecosystem with Its Own Blockchain appeared first on NewsBTC.

Bitcoin is a both a digital currency and a means of electronic payment. Bitcoin is also inherently private, and while it doesn’t ensure anonymity, it certainly affords payers and payees more protection that any traditional currency ever could. It’s for these reasons that the online gambling community throughout the world has embraced Bitcoin so quickly and so thoroughly. Since Bitcoin expansion isn’t a trend that will cease anytime soon, let’s rub our crystal ball and speculate about what 2018 will bring.

Bitcoin Will Be Ubiquitous in Online Gambling

Have you heard the term “Bitcoin casino?” It’s used to refer to online casinos that accept Bitcoin deposits and offer Bitcoin withdrawals. This term is currently necessary because those casinos are special. They’re at the vanguard of an industry-wide transition, but by 2018, the term Bitcoin casino may not have a lot of meaning, and the reason for that is that almost every online casino still rocking a year from now will facilitate Bitcoin transactions. It will be a standard and expected.

Bitcoin Will Account for the Majority of All Gambling Transactions

Do you know that most online gambling transactions are conducted in the U.S. dollar? It’s true. Even if you take U.S.-based punters out of the equation, USD is used more than the EUR, GBP, AUD, CAD and so forth. The reason is convenience, but that’s about to change, and it’s going to change because Bitcoin is becoming nearly as convenient and certainly more useful. Any conveniences the dollar still offers will be offset by the privacy and other advantages Bitcoin affords.

Bitcoin Will Account for More Than 80 Percent of All U.S.-based Transactions

The privacy advantages cannot be overstated when it comes to U.S. gamblers. The local laws they face are stricter than almost anywhere in the world. That hasn’t stopped them from gambling with the USD, but it does expose them to tax liabilities and potential penalties. Changes in U.S. law are almost certainly coming, but those changes certainly won’t be on the books by 2018. Since use of Bitcoin will protect U.S. users from those aforementioned issues, Bitcoin will most certainly become the dominant currency.

Online Casinos Bonuses Will Be Bigger for Using Bitcoin

We’re already witnessing this happening, so it isn’t much of a stretch. Online casinos want you to use Bitcoin: they earn more on each “dollar” that way due to reduced transaction costs and other factors. In order to entice you, casinos will pass some of those savings onto you in the form of bigger bonuses.

Casinos Will Begin Offering Protection Against Bitcoin Volatility

If there’s a potential downside to Bitcoin is that it tends to be volatile. This is something that should work itself out over time, particularly as Bitcoin becomes more widespread. That won’t happen by 2018, however. For gamblers still reticent to try Bitcoin at this point, this volatility will likely be a sticking point. Some casinos, therefore, will limit this risk by guaranteeing the price of bitcoins maintained in casino accounts. They’ll be able to do this because volatility is more a short-term than long-term risk.

More Countries Will Overhaul Their Laws to Account for Bitcoin

Whether we’re talking about the United States, United Kingdom, European Union or Australia, the laws currently on the books were created before Bitcoin was on the political radar. That’s no longer the case, and Australia, for instance, is already moving to overhaul its laws to add Bitcoin fees that let them recoup some of the traditional banking fees they’re not getting it. How much these new laws affect average Joes like us remains to be seem, but it could definitely affect that #4 prediction.

This is a sponsored press release and does not necessarily reflect the opinions or views held by any employees of The Merkle. This is not investment, trading, or gambling advice. Always conduct your own independent research.

On Friday, February 9, I had the opportunity to attend a cryptocurrency talk hosted by my school’s computer science club. This event was just one of a plethora of talks that have been taking place at colleges and universities throughout the world.

My college can best be described as a private, liberal arts college in the US with a student body of just under 1,500. The Computer Science department is made up of only four professors and a few dozen CS majors. While the school certainly doesn’t resemble Berkeley or New York University, it is worthwhile to recognize the growth of cryptocurrency taking place everywhere in between the two institutions.

Around 15 students congregated in a basement computer lab for the first event regarding cryptocurrency to take place on campus. Groups of friends shuffled in, enthusiastic (despite traversing heavy snowfall to arrive at the lab), sharing funny stories like the one about the guy who got caught selling Chuck E. Cheese’s tokens as fake Bitcoins, as well as the usual drama surrounding Roger Ver.

The talk was open to the entire campus and followed a slideshow, created and presented by the CS club executive board. As this was the first meeting, the content primarily focused on introductory aspects of cryptocurrency such as what Bitcoin is and what it means to be decentralized and an immutable ledger. Afterwards, a video was shared, describing the mining process, how it relates to network propagation, and the philosophy behind Proof-of-Work.

The fundamentals behind Bitcoin were further explained through chalkboard diagrams. Hashing and encryption were detailed, and a visual representation of the network participants and Bitcoin blockchain was displayed. A student asked, “How are new blocks created?” It was explained that competing miners race to solve the puzzle of arbitrary algorithms, and that the successful miner displays as many unconfirmed transactions as possible within the 1 MB block they have mined, with unconfirmed transactions usually confirmed in order of the highest transaction fee per byte.

At this point, the discussion opened up to prominent altcoins: Ethereum, Litecoin, and Zcash. One of the presenters admitted, “I don’t really understand Ethereum much, to be honest.” The other one stepped in, explaining Ethereum’s emergence as a “second generation” cryptocurrency, and its use of smart contracts, explained as programs run directly on the network, to create applications such as trust-less, peer-to-peer gambling software.

The conversation expanded to the potential of cryptocurrency applications. A lot of time was spent explaining a potential role in supply chain management – specifically, using cryptocurrency to track products and prevent the use of counterfeit goods. Without mentioning any names, the speakers were very optimistic about projects like VeChain and WaBI. Overall, it was highly suggested that blockchain technology would see more and more adoption across businesses and industries in the future.

The presentation concluded with the oft-shared quote by Nobel Prize-winning economist Milton Friedman:

I think that the Internet is going to be one of the major forces for reducing the role of government. The one thing that’s missing, but that will soon be developed, is a reliable e-cash – a method whereby on the Internet you can transfer funds from A to B without A knowing B or B knowing A.

While this session only represented a surface-level introduction to cryptocurrency, the idea that these sentiments are being explored at small liberal arts schools suggests that students worldwide are very interested in cryptocurrency and what the future has in store.

J.P. Morgan delivers positive forecasts for crypto in an executive summary on cryptocurrency attributed to the company #NEWS

There is no such thing as a boring day in the cryptocurrency world. Not all of the developments turn out the way most people would like, though. After a few positive days, it now seems most markets will go in the red once again. There are still a few exceptions, but it seems to be a matter of time until that trend reverses. Especially the Bitcoin Gold price is taking a massive beating as we speak.

Bitcoin Gold Price Faces Major Setback

It is evident there is both positive and negative momentum in the cryptocurrency industry as of right now. These past few days showed signs of semi-bullish momentum after a major dip. Today, it seems most markets are in the red over the past 24 hours, with a handful of exceptions in the top 50. The Bitcoin Gold price is one of the biggest casualties of this sudden bearish mood, resulting in a near 20% decline in value. This is not entirely surprising, giving the recent Bitcoin Gold price pump.

To put this into perspective, Bitcoin Gold is one of the least successful Bitcoin hard forks to date Compared to Bitcoin Cash, BTG is nothing out of the ordinary whatsoever. Even so, the Bitcoin Gold price has seen its fair share of success, even surpassing the $500 value at one point. The trend since reaching that all-time high has been mainly bearish, though, as the currency offers nothing innovative.

This did not prevent speculators from attempting to manipulate the Bitcoin Gold price, though. More specifically, after the dip to $5 the Bitcoin Gold price returned to $155 all of a sudden. There is no apparent reason for this trend other than piggybacking on the overall positive Bitcoin price momentum. In the past 24 hours, that Bitcoin Gold price has dipped to $128 again and will continue to decline for some time to come.

With $77.19m in 24-hour trading volume, there is no real demand for Bitcoin Gold either. It is not entirely uncommon in the altcoin world right now, though, as most of the top 15 markets have seen far less trading volume than one would expect. Even so, the Bitcoin Gold price has dipped by 19.82% because it is seemingly too easy to dump through order books as there is a lack of proper buy support. There’s also a 17.56% decline in value against Bitcoin, which is not really surprising.

Most of the Bitcoin Gold trading volume comes from the Bithumb exchange. Considering how we see three Korean exchanges in the top three, it only further confirms the Western world has little to no interest in this Bitcoin hard fork. South Korea represents nearly 68% of all BTG trades right now, which means the actual demand is even lower than Coinmarketcap depicts right now.

For the time being, it remains unclear where this negative market momentum comes from. After all, there is no real reason for the markets to correct their valuation again so soon. Then again, we have seen a strong increase in prices earlier this week, and a small dip seems pretty much inevitable at this point. For the Bitcoin Gold price, it seems dipping to $100 is not entirely impossible, although it remains to be seen how the markets will respond later today and tomorrow.

SEC denies request for info on Tezos in lawsuit against the controversial company #NEWS

Bitcoin has been associated with criminal activity for as long as people can remember. That is quite worrisome for many reasons. Even though Bitcoin lacks privacy and anonymity, criminals still flock to this payment option because of its global appeal. According to a new study, however, that situation may come to change very soon. In fact, it seems criminals are showing an increasing interest in Litecoin and Dash, even though neither currency is more suitable than Bitcoin.

Bitcoin Isn’t a Tool for Criminals

Most people already know criminals tend to focus on privacy and anonymity when cashing out their financial gains. On paper, cryptocurrencies should be excellent for this type of activity, assuming they offer anonymity, privacy, or both. Unfortunately, Bitcoin doesn’t provide any of those features, yet it is still the go-to payment solution for a lot of criminals as of right now. Other than using coin mixers or converting from Bitcoin to more anonymous currencies, there is no way to cash out one’s BTC holdings in a convenient manner.

We often see stories related to ransomware and other malware tricking users into making a Bitcoin payment. Additionally, whenever a major hack occurs in the cryptocurrency world, Bitcoin remains the main target for a lot of criminals. For a currency which has a public blockchain broadcasting transactions and sender information in real time, Bitcoin is clearly not suited for criminal activity whatsoever. It was never designed to be either private or anonymous, although it does provide a degree of pseudonymity to its users.

According to a recent study by Recorded Future, that situation will come to change sooner rather than later. More specifically, there is a real chance that criminals will drop Bitcoin altogether due to its clear lack of privacy and anonymity. Even the mounting transaction fees which seemingly pop up out of nowhere are a cause for concern among cybercriminals these days. Bitcoin is not suited for quick, easy, and anonymous payments, and it never will be. That is not necessarily a bad thing, but it is something everyone needs to be aware of.

The report hints at a major shift. Rather than using Bitcoin for criminal activity, we may very well see a migration toward Litecoin and Dash. The choice of Litecoin, while interesting, doesn’t make much sense for people looking to hide their identity first and foremost. Similar to Bitcoin, Litecoin has no privacy and anonymity features whatsoever. It does provide cheaper and faster transactions, which could be a big selling point in the future.

The use of Dash also raises a lot of questions. While this currency does provide optional anonymity and privacy, it is not the perfect solution that people may think it is. With its semi-centralized model, transactions which can be analyzed even when additional privacy is in place, and anonymity features which can be disabled by the developers on a whim, Dash doesn’t make much sense for criminals either. Even so, the use of both Dash and Litecoin is on the rise across the darknet, according to this study.

As it happens, there is no darknet which openly accepts Dash as of right now. Nor is there any market which accepts Litecoin, as far as most people are aware. It is a bit unclear how this report drew those conclusions, as it projects a very different situation from the current reality. Scouting message boards, marketplaces, and illegal services is a valid way to have aggregated this data. However, these results may need to be taken with a grain of salt as of right now.

After 17 mln Nano was reportedly hacked from Italian cryptocurrency exchange BitGrail, its owner asked Nano’s developers to alter the coin’s ledger to ‘cover losses’. #NEWS

Despite growing calls for legalization across the globe and in the US, many marijuana users and businesses are regularly targeted by large media organizations and subject to discrimination based on outdated and misguided anti-marijuana laws.

At Smoke Network we offer a solution for marijuana users and business in the form of a decentralized social network for cannabis users based on our extensive experience launching our own successful cannabis brand on popular social media platforms.

Traditional social media applications and outlets which, due to their centralized nature, are easily targetable by federal authorities who may seek to take down content or pages in order to enforce anti-marijuana laws. Smoke Network will store content on an immutable blockchain which can’t be tampered with even by organizations as powerful and far-reaching as the federal government.  Even legal marijuana operations have been targeted by governments in the past, forcing legal marijuana businesses to lose hundreds of man hours and revenue for no reason.

The Smoke DApp will run on the upcoming EOS blockchain featuring a DPoS consensus protocol capable of scaling to thousands of transactions per second. Above and beyond the ability to have content that is uncensorable, running on the blockchain has the additional benefits of allowing users to earn cryptocurrency for their contributions to the network. The entire social network will be incentivized for both content producers and content curators, a huge contrast to the self-interested social media giants such as Facebook and Twitter who are primarily interested in generating advertising revenue for themselves.

In addition to social networking, the short-term goals of the network include the addition of strain reviews and dispensary reviews to the platform. Unlike traditional strain and dispensary review sites, Smoke Network users will also have the ability to earn cryptocurrency for their knowledge and contributions on the best strains and local dispensary spots.

After successful pre-ICO held in 2017, the Smoke team is back with a revised whitepaper, a working beta application, as well as a frontend prototype MVP of their planned social network which can be found on https://smoke.io/.

A second-round ICO will be held from the 20th of April 2018 (4/20) until the 25th of May 2018 giving the community another opportunity to be a part of our growing global community of cannabis users.

For more info please visit the Smoke Network website.

Disclaimer

Smoke Holdings IBC is a software development company and is producing the Smoke Network software as free, open source code. For more information please see the Terms of Use located at https://www.smoke.network

The post Blockchain Cannabis Social Network Aims to Put an End to Online Cannabis Censorship appeared first on NewsBTC.

There is a genuine global interest in blockchain technology right now. That is only normal, as distributed ledgers will transform many businesses in the coming years. European Central Bank executive board member Yves Mersch is not too impressed by this technology. In fact, he claims the new euro settlement technology will outclass blockchain as a payment system. It’s an interesting statement, but only time will tell if he is right or not.

The Euro Settlement System Gets an Update

In the world of traditional finance, legacy systems are often slow and outdated. This is no different in the European Union at this stage. More specifically, the European Central Bank acknowledges a different system needs to be implemented sooner rather than later. To do so, they will introduce a new settlement system known as TIPS. According to the latest information, this new system will go live in November of 2018. Not too many specifics are known at this time, other than that it provides real-time settlement.

One could easily argue such a system could be built using blockchain technology as well. For some reason, the ECB decided to take a very different approach in this regard. A distributed ledger – which is not the same as a blockchain – has a lot more merit when it comes to instant payments and settlement. Conducting transactions in real time has not been possible within the European Union on a large scale until now.

Yves Mersch described the new euro settlement system as follows:

TIPS is 10 seconds, 0.2 cents. DLT transactions are at best 30 euros and take at least one hour. We have a mandate for efficient payment systems, and we go for efficiency. We are not bound to a technology, we are bound to results. There are so many unsolved questions in terms of governance and legal certainty in DLT. We are looking to what extent we could overcome these legal barriers, but we are at a very early stage.

While it is commendable to see the European Central Bank focus on real-time settlement, it remains to be seen if this concept will actually work. The blockchain has gotten a lot more popular thanks to cryptocurrencies, even though none of them provide real-time settlement. It’s possible to process zero-confirmation transactions, but most people prefer to wait for official confirmations. In the case of Bitcoin, a fully confirmed transaction takes 60 minutes or longer to settle. It is still faster than the 12-72 hours most bank transfers take to settle, but there is still plenty of room for improvement.

For the time being, not too much is known about the ECB’s new euro settlement system. It does provide a real-time settlement solution, which means recipients can spend their money as soon as they receive it. The current system takes around 24 hours for a transaction to settle, even though the value is transferred in digital format. There is no reason why this should take so long in this day and age, since virtually all of the money in the world exists only in digital form.

Whether or not the new system will prove to be better than blockchain technology remains to be determined. The blockchain may not make the most sense for payment services, but until proven otherwise, it is still a very strong contender. The new euro settlement system will certainly attract a lot of attention as we get closer to its release. For the time being, the jury is still out on whether or not this system is a positive change as a whole.  

It looks like Bitcoin is going to take over the world after all. The capitalization is ceaseless, and every time it grows a couple of Ks, the fan base is only getting bigger. Not blind to the fact, entrepreneurs are looking at more advanced ways to make profit aside from simply buying and selling bitcoin. However, cryptocurrency trading too is also a great idea for a startup that can be taken to a very sophisticated extent as we’ve discussed in our previous piece on how to build a cryptocurrency exchange platform.

In case you aren’t exactly aiming straight at launching your very own ICO, there is plenty of room for businesses to sprawl around the circulating and ever so lucrative crypto-tokens that make for a motherlode of opportunity.

1. Cryptocurrency Exchange

The first most obvious and straightforward option is setting up a trading website. Bitcoin exchange for fiat currencies and other coins is the most popular way for the people involved to make profit. In this respect, you should be aware of the difference between the definitions of cryptocurrency exchanger and the exchange.

Exchanger is a relatively basic trading website that has a manually regulated price table. It simply profits from the difference between the buy and sell prices that is mostly fixed.

Cryptocurrency exchange platform, on the other hand, is a full-fledged marketplace. This kind of trading hub is more similar to the stock exchange with live order book and fluctuating prices. The prices change depending on the trading volume and users profit from these changes. As the owner, you get a certain percent from all transactions.

One of the notable features that the developers should be aware to include when building a cryptocurrency platform is that a new trading outpost is susceptible to abuse by speculators.

For this reason, well-established exchanges have a special design to use a trading network that allows them to buy/sell among themselves to balance the price fluctuations. This way speculators won’t be able to push the price windows at your exchange out of balance and obtain all the funds for cheap.

2. Gaming

The latest trends in online multiplayer games have led to create a highly viable gameplay experience major part of which are the random rewards of highly rare in-game items. An important in-game mechanic is allowing these items to be openly exchanged among the players. As random rewards are the way these games are intended to be played, creators don’t promote the direct sale of the designated items and only sell boosters to increase the chance of obtaining them without selling any specific items directly.

Trading concrete items is left open to third-party “black market” where trading companies work to earn positive reputation and trust of the player community.

While some players are willing to buy the rare items and the others feel that the best way is to sell their loot for actual profit, you may create a third party online platform to trade these items. One of the most notable cases with this phenomenon is nation-wide online-game gold farming in Venezuela.

Cryptocurrencies being so popular with the masses due to bitcoin growth, selling rare in-game items for blockchain tokens is now on the rise.

3. Gambling

Cryptocurrencies are not constrained by legal regulations much like the normal money. You may create crypto-casino that is ahead of all the competition bound by the law. This includes poker, sports betting and online gaming item gambling.

4. Cryptocurrency ATMs

For those with a fairly huge capital, there is an option to create a network of Bitcoin ATMs or BTMs.

These machines help their users operate cryptocurrency with relative ease and promise to return the investment within a year should you get hold of good locations. The boxes are quite small, and so the rent won’t go through the roof.

The main expense points are the machines themselves, and the fact that you will have to supply them with banknotes. The transaction fee can reach 10% and sometimes even go beyond.

The choice of machines is quite huge, and they let you set the commissions as high or low as you’d like. Additionally, there are models that allow connecting to middle-men cryptocurrency exchanges. With this feature, you’ll be able to keep your crypto-reserves at a constant supply.

Just make sure that when you set up your BTM chain, the machines are adjusted in accordance with your local legal regulations.

5. Selling Goods for Cryptocurrencies

If you already own a retail business, you can augment it so that people are able to pay you in crypto. As traditional paper money is steadily rendered obsolete, the digital payment methods step in and a certain medium of users would be willing to pay you with bitcoin.

In locations where bitcoin is popular and people don’t feel like converting their earnings, you may thrive by setting up shops with digital POS cash registers or vending machines that accept cryptocurrencies.

6. Becoming an Escrow Agent

Should you happen to be involved into a reputable brand, the brand value can be used to build a trust agent. In our case – for transactions. The model is quite simple, when crypto-transaction is transmitted and accepted, it would require 2 confirmations: 1 from the sender and 1 from the receiver. Should a dispute occur, and one party refuses to seal the deal, you get involved and choose to side with one or the other depending on validity of their arguments and make the final call afterward.

If people get the idea that your brand is taking a hit in case of ill judgment, they’ll be willing to pay out of their nose only to make their operation more secure.

7. Becoming an Oracle

Based on the strength of your reputation, you can establish yourself as a cryptocurrency Oracle. This is done simply by posting quite basic info in the bitcoin blockchain stream or that of any other token. All you need is Counterparty protocol. In fact, counterparty is basically a synonym to the oracle, a person who whose information feed is used (in our case for a reward). The same way escrow arbiter can approve disputes, oracles’ information is used as a reference for peer-to-peer betting, financial forecasting and smart contracts.

8. Setting Up a Ripple Gateway

Ripple is a cryptocurrency the main idea of which is to create a highly accessible payment instrument. It does not operate on a blockchain and uses a distributed ledger that is somewhat different.

As part of the core concept, Ripple allows you to set up Gateways. Ripple Gateways are enabling their users to transfer funds. You are able to create your own custom tokens within the system or use Ripple itself. The condition is that you can bridge your token to a real asset to support its value.

This may include the value of your reputation but you should be able communicate it properly. Ripple gateway is a great way to expand your finance business into the world of cryptocurrency.

The income sources here are fees for transactions, deposit/withdrawal and interest for bank stored XRP Ledger.

9. Consultancy

There are many business opportunities that are stored within cryptocurrencies and the blockchain technology itself that companies could easily benefit from. However, many stay oblivious to it, and so you may help those willing to find out for a fee.

These are the opportunities to expand their business into profitable notary work, smart contracts among the more sophisticated kinds and many more.

When embarking on this road, make sure you don’t exaggerate your expertise level. Even as a person without a huge rap sheet you can approach companies offering consultation on how to incorporate profitable blockchain based extensions into their business.

10. Creating a Bitcoin Faucet

If you are running a news portal or blog about cryptocurrencies, you may create a bitcoin or altcoin faucet. The main idea behind a faucet is giving users small fractions of cryptocurrency to obtain certain kind of value.

Why give away free money? To drive traffic. On its own, this niche is extremely competitive, so it is recommended to propose this service in addition to other kinds of value.

You can cash in on the incoming traffic in a number of ways. Aside from the Google Adsense ads you may use niche specific Bitcoin Ad Networks but they offer you less money.

Another thing you can do is advertising other faucets but you’ll have to make sure that those faucets aren’t very popular. Otherwise, your visitors will simply ignore the ads because the places aren’t new to them.

Up-in-your-face kind of ads are another gamble you might want to test. If you offer enough value, the visitors won’t bounce despite of being annoyed, then you will get a good of extra income.

Blockchain technology and cryptocurrencies are ripe with opportunity, and we are yet to see some of the most spectacular cases for innovation with new ICOs on the way.

If you are you are into cryptocurrency business, it’s a great time to reap something awesome from this massively popular technological breakthrough.