WhiteBitcoin, is a new worldwide payment system that allows decentralized digital currency transactions.These transactions are not controlled by a single administrator or the central bank.Learn more
WhiteBitcoin or cryptocurrency are revolutionizing our understanding of money. However ,WhiteBitcoin does not intend to disrupt the manner in which consumers and merchants process payments.WhiteBitcoin intends to make digital payments easier and convenient around the world. WhiteBitcoin uses blockchain technology to cryptonize the payment process that is familiar to both consumers and merchants. The usual payment process for consumers involves paying for an item using the local hard currency, such as the Euro , Dollar and Indian Rupee. As the local payments are easier to manage , it is primarily difficult for people to adopt this cryptocurrency route.
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A blockchain is a continously growing list of records which are secured using cryptography.It record transactions between two parties efficiently in a permanent way.
WhiteBitcoin upcoming projects Continue on journey. One might wonder what WhiteBitcoin is planning next, and how the value of the coin will evolve over time. Some of the prominent developments completed and some awaited in the WhiteBitcoin ecosystem. This roadmap is highlight of WhiteBitcoin Team’s vision and development priorities. This roadmap is intended to provide an idea of when certain features are likely to become available.
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Affiliate marketing WhiteBitcoin includes rewarding affiliates for bringing new visitors or customers through their own marketing efforts. It is basically a performance-based marketing to increase customers. Through this program, you can earn in Bitcoin,Ethereum,Ripple,Litecoin and WhiteBitcoin for giving any new customer.
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Bespoke Investment Group's Dan Ciotoli believes the cryptocurrency's price could nearly triple by the end of the year — declaring that the January crash is likely behind it."There was a big run-up in December, and then we kind of saw these get-rich-quick-investors exiting the space. Everyone rushed in at once. So, the inevitable crash happened," he said Tuesday on CNBC's "Futures Now." "Now it's starting to recover. We saw a bottom around $9,000."Ciotoli, a blockchain analyst and software engineer, is out with a year-end forecast placing bitcoin prices in the $20,000 to $30,000 range."The driver I think is going to bring bitcoin up in 2018 is bitcoin denominated commerce," he added — noting that converting it into dollars right now is too pricey.For his bullish forecast to stick, Ciotoli says it depends on the success of the Lightning Network, a technological endeavor that's expected to roll out this year. The network's goal is to bring in a new wave of buyers by making bitcoin transactions faster and cheaper.If the network fails, Ciotoli says, his year-end bitcoin target could drop as low as $5,000."If I don't see people actually able to use bitcoin to say 'buy Starbucks' or something. I'd be worried that people would slowly lose interest, the price kind of levels off or even goes down," he said.It would be an unwelcome scenario, but even that wouldn't spell the end of bitcoin, according to Ciotoli."The technology is here to stay, and I think it'll be interesting to see how things play out over the next year," Ciotoli said.Original source: https://www.cnbc.com/2018/01/24/bitcoin-prices-could-triple-by-years-end-bespoke-analyst-predicts.htmlRead more
BITCOIN has received a ratings grade which has shockingly been outperformed by lesser-known altcoins in the first cryptocurrency review delivered by top financial institution, Weiss Ratings.The ratings agency claims they were hit with cyberattacks ahead of the historic ratings release which they blamed on Korean hackers who were trying to defend Bitcoin from the prospect of a negative rating.The rating said: “Bitcoin gets excellent scores for security and widespread adoption.“But it is encountering major network bottlenecks, causing delays and high transactions costs.“Despite intense ongoing efforts that are achieving some initial success, Bitcoin has no immediate mechanism for promptly upgrading its software code.”Weiss Ratings founder Martin Weiss said of the cyberattacks: "Earlier commentary on social media expressed considerable fear we were about to release negative ratings on their preferred currencies."So this may be an attempt to thwart our release today."In a surprise to many cryptocurrency traders, Ethereum outperformed Bitcoin gaining a “good” B rating compared to a “fair” C+ rating for its better known competitor.Novocain and SaluS were both deemed weak as they earned a D rating, while relatively unknown Steem also outperformed Bitcoin to earn a B-.Mr Weiss said: “Despite extreme price volatility, cryptocurrencies have a bright future and the potential to deliver unusually large profits to investors.“However, the market is hectic and confusing for investors. They need the clarity that only robust, impartial ratings can provide.”The ratings agency released a statement amid concern its ratings had been misunderstood as overly negative.It read: “Other rating agencies use a scale from triple A to single C. In that scheme a B grade is “junk” and a C is close to failure.“In contrast, Weiss Ratings’ B is ‘good’ and C is ‘fair’.“Based on a study of the Weiss Ratings by the US Government Accountability Office, an institution is not categorised “vulnerable” unless its grade is D+ or lower.”The ratings shock come as Bitcoin expect and CEO of Shopin, Eran Eyal, said he had “no doubt” the currency would hit $100,000.The ratings agency took the opportunity to explain why Bitcoin did not receive a higher rating.While no coin received an A rating overall, Bitcoin did earn the highest rating on its Fundamental Index.However, the Fundamental Index is just one of the major metrics used to calculate a currencies rating.Bitcoin loses out on the Risk Index owing to its highly volatile price and the Technology Index due to the energy consumption of mining and the lack of scalability of the system to meet demand.Mr Eyal said it is important to separate Bitcoin from other types of cryptocurrencies such as Ethereum or Ripple. He said each cryptocurrency has its own “business model” to differentiate from one another.Speaking on CNBC, Mr Eyal said: “I have no doubt that Bitcoin is going to reach well-beyond $100,000. Have a look at how it has climbed over the past.“I think it’s important not to just look at it at this moment in time but also to look at it historically at what has happened around the world.“I mean, look in the United States, Bitcoin exchanges were shut down three times. What we are seeing here is really government’s taking a knee and taking a moment to understand the ramifications of their specific culture.”Mr Eyal said all cryptocurrencies are different. He used the example of Ethereum and said it is a platform for building "exciting technologies".He said it is “impossible” to look at Bitcoin and Ethereum and compare one to the other because “they are not both apples”Original source: https://www.express.co.uk/finance/city/909614/Bitcoin-ratings-ethereum-Weiss-Ratings-Steem-cryptocurrency-invest-price-buyRead more
Persistent demand around the $10,000 mark appears to have not only neutralized the immediate bearish outlook on bitcoin, but also hints the cryptocurrency could be building a base for an eventual move higher.Prices on CoinDesk's Bitcoin Price Index (BPI) fell to $9,972.29 yesterday, before witnessing a quick recovery to $11,000 levels. This is the fourth time in last week that bitcoin (BTC) has recovered losses after sinking below $10,000 levels. As of writing, bitcoin is at $10,990 levels. The cryptocurrency has appreciated by 3.38 percent in the last 24 hours, according to OnChainFX.On Coinbase's GDAX exchange, BTC witnessed two-way business yesterday with prices hitting highs and lows of $$11, 370 and $9,945, respectively, before closing (as per UTC) at $10,824 levels.The situation looks no different today as the rebound from the intraday low of $10,450 seems to have run out of steam above $11,000 levels. The cryptocurrency was last seen changing hands on GDAX at $10,970 levels.The two-way price action witnessed in the last 24 hours is indicative of indecision in the marketplace and a decisive move (in either direction) would likely set the tone for the market. That said, the price chart analysis today puts the odds of a decisive move higher above 50 percent.Original source: https://www.coindesk.com/building-a-base-bitcoin-demand-at-10k-hints-at-move-higherRead more
WhiteBitcoin provides worldwide digital payment system and is an open source & decentralized cryptocurrency. It has gained immense popularity in recent because of its edge over the centralized financial system. It does not have any intermediary like banks or central authority for the transaction between two people and uses peer-to-peer technology to operate.
The transaction of WhiteBitcoin carries out similarly like payment gateways (like Paypal and Western Union) involving negligible transaction fees. No financial regulation, legislative bodies, and law enforcement can control or affect WhiteBitcoin i.e. it’s same for every country across the world. It can be sent anywhere across borders almost for free in any part of the world. A user needs to provide credentials for registration and start trading without bearing any hidden charges.
WhiteBitcoin network comprises of different nodes which are distributed globally. These nodes attempt to solve the mathematical computations, while at the same time holding a memory of all the recent transactions that occurred after the previous computation was solved. And the previous memorized transactions are written into a ‘block’, recorded on a ‘Blockchain’ which is a distributed ledger. The blockchain is, therefore, an incorruptible record of transactions occurred and solves the problem of a decentralized digital currency.
Therefore WhiteBitcoins are designed to use cryptography to carry exchange securely, controlling the formation of additional units and verifying the asset transfer.
Public ledgers store all the validated transactions initiated from the cryptocurrency creation. The identities of the coin traders are hidden behind the encryption and to maintain the legitimacy of the record keeping, the system uses cryptocurrency technique. It confirms that the related “digital wallet” of the coin owner who can calculate the spendable balance. It also ensures that the coins of the account owned by the trader are used for the new transactions which can be checked at the desire. And this public ledger is also well known as “Transaction Blockchain.”
The transfer of the value of cryptocurrency between two wallets included in the public ledger is known as WhiteBitcoin transaction. In any transaction, the user has to wait for the confirmation after sending transaction request. When any transaction is made, digital wallet forms the mathematical computation as encrypted electronic signature as its verification of the confirmed wallet owner’s transaction request. The miners take a little time to send the confirmation while mining for the transaction and after its confirmation, the transaction is recorded in public ledger or “blockchain.”
WhiteBitcoin Mining is the process of recording-keeping of the confirmed transactions into the public ledger or blockchain is known as WhiteBitcoin Mining. The miner has to solve an increasingly-complex computational problem to add a transaction to the ledger. To solve the computational problem, a set of transactions are processed in the block to be entered in the blockchain. Miners secure the block by providing a hash that is created from the transactions in the block and this cryptographic hash is added to the block. To verify its legitimacy the next block of transactions will confirm the previous block’s hash. Then an attempt to make a new block & hash for all current transactions would be created by miner before anyone else’s miner. Once if a block has been added to the ledger, all the co-related transaction get permanent and the miner is then awarded a small transaction fee to its wallet with new coins. And all this process provides value to the coins.
WhiteBitcoin blockchain technology aids in promoting safe & secure online transaction (because of cryptography process) and has created a backbone for the new type of internet. A blockchain is distributed digital ledger that records all transactions made through the global network so that records cannot be modified retroactively without modification of all in-sequence blocks and collusion of the network. It is decentralized technology by design which is transparent and incorruptible. The global computer network employs the technology to manage and sustain the database that records WhiteBitcoin transactions.
All the above notes would certainly distinguish the Whitecoin crytocurrency from normal currency.
Normal currencies have tangibility and are printed by their governing bodies whereas WhiteBitcoins are developed through the connectivity of different nodes over the global network. These nodes are run by strong computers network, WhiteBitcoin enthusiasts, major mining pool, etc. attempting to solve mathematical computations with the software and keeping a track of each transaction in Blockchain. WhiteBitcoin is an advance form currency produced digitally growing in the category of money and making it different from other normal currency.