PayPal applies for patent for crypto currencies

PayPal has filed a patent for fast transactions of crypto currencies. Their idea includes the use of “second keys”, which are linked to a user’s wallet. Instead of transferring a payment as usual, only parts of the private keys are exchanged or passed on. The private keys contain a certain amount of money.

The patent application states that the systems and methods that PayPal wants to implement ensure that the time that the payee normally has to wait for his payment is practically non-existent.

In a digital currency transaction, this is done by giving the payee the private keys to the addresses that have a certain value of a digital currency.

How will this Ethereum code work in practice?

For example, someone who has Ethereum code has a bit coin stored on several addresses, i.e. on the first address he has 0.1 bit coin, on the second 0.05 BTC, on the fifth 0.005 bit coin and so on like this:

If someone now wants to buy an item that costs 0.055 BTC, they would send the seller the private keys of the second and fifth Bitcoin addresses that contain exactly that amount.

The seller does not have to wait for the confirmations and thus has no waiting times and security at the same time, as he receives immediate payment.

Personal transactions for the Bitcoin revolution

From six confirmations, a Bitcoin transaction is considered secure and irreversible like shown here: Once the six blocks have been mined and the block chain added, the seller can trust the transaction. With a block time of ten minutes at Bitcoin revolution, this means one hour – a long wait.

This is no problem if you know and trust the other person, or if you order something online. However, it becomes problematic if the Bitcoin price falls significantly during the waiting period. It is possible that the seller is no longer interested in the transaction or is asking for more Bitcoins to get the desired price (in Euro).

Even if someone wants to buy a cup of coffee with Bitcoin, they must wait for this time if the seller insists on it. An hour for a takeaway coffee is a bit of an exaggeration.

In such transactions, the idea of PayPal would be helpful, an instant secure confirmation for the seller and the buyer does not have to wait.

SIRIN LABS Token Course – Development – Forecast

The SRN crypto currency was introduced on 12 December 2017 for use within the own platform. Its main task is to support platform functionality and internal money transfer between participants at a high level. It is planned that in the near future the tokens will be used to purchase the company’s mobile devices and computers.

According to the developers of SRN, this decision justifies the introduction of digital currency and smartphones on one platform. This will be an innovation in the field of crypto currencies and electronic devices. The seriousness of these intentions is supported by the fact that at the end of 2017 the official representative of the company became the famous football player Lionel Messi.

Soon the tokens of this company will be listed on the largest Chinese crypto currency exchange Huobi, which has high liquidity. This can have one or the other effect on the SIRIN LABS token price.

Today the statistics about the Bitcoin code are as follows:

The total capitalization is 268 million 443 thousand dollars. The maximum possible number of Bitcoin code that can be used in circulation is unknown, but according to the developers there is no maximum amount for further issuance. The number of coins in circulation is more than 100 million. The daily volume is 16 million dollars. In the near future, the company plans to expand its activities by developing electronic devices based on the Bitcoin code blockchain. This will have a positive effect on the development. The SRN crypto currency was created to provide users with maximum protection. The blockchain technology underlying the company’s development can also bring security and decentralization to the new digital currency.

Token Development and Perspectives for the Bitcoin trader

The token has a high chance of further development and success for the Bitcoin trader. This is confirmed by the company’s policy: today, major projects are under development based on a mature blockchain-based technology. Against the background of the increasing interest in crypto currencies and digital technologies, the demand for the company’s native products will be high. This is advantageous for the Bitcoin trader, as all operations of purchase and sale will take place exclusively in the crypto currency. This can cause the SIRIN LABS token price to rise sharply.

Create Wallet
Wallet for storage – the SIRIN LABS Wallet

The security of the tokens is provided by a cold store in offline mode, where the SRN Wallet is not connected to the Internet (it is in a completely isolated standalone computer) and has a hidden IP address.

The platform is equipped with a highly secure cryptographic core. This makes it possible to use the wallet and carry out transactions without any risk. So you can not be seen by a third person. As soon as the development within the Shield OS for the mobile phone is completely finished, the users will get another security option for the wallet – namely the automatic shutdown of the wallet from the net, if the wallet is not used after a few minutes.

Where can I buy the SIRIN LABS token?
On Liqui and Tidex crypto exchanges you can buy SIRIN LABS tokens. The price is close to $ 0.45. As of March 23, the capitalization of the project is more than $ 94 million. Currently there are 229,000,000 tokens in circulation. The maximum number of tokens is estimated at 573,000,000 SRN.

Friends, this information should be sufficient to realistically present the prospects of the project and its SRN token. The general prognosis is positive.

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PIVX Coin – Privacy thanks to CoinMixer

The PIVX Coin attaches particular importance to security and privacy. Some call it the only real crypto currency in recent years. That’s why the developers also renounced an ICO and burned the pre-scored tokens that were needed to start the blockchain. This is not about coins as speculation objects. What the prognosis could look like nevertheless, one experiences here.

PIVX Coin – What is this crypto currency reviewed by

The PIVX crypto currency is a coin used for anonymous transactions. In this respect, the PIVX coin is one of many. What is special about PIVX is the combination of several technologies. The transactions are encrypted by the CoinMixer. This was already used for the crypto currency Dash.

The CoinMixer breaks the coin down to eight standard values (1, 5, 10, 50, 100, 500, 1000, 5000). These anonymized units are called zPIV. A complicated process ensures that these shredded units arrive at the right address. For outsiders, however, the transaction is not traceable. This process is based on the Zerocoin protocol, which was originally intended to be used by Bitcoin.

The coin offers further Bitcoin profit

This is used by blockchains to create new blocks and add them to the chain. Transactions are then verified and executed. PI/VX uses the principle of staking, in which the coins on the PIVX wallet are frozen, i.e. “staked”. The frozen coins cannot be used for transactions for a certain period of time. As a Bitcoin profit reward the staker receives some coins, but this happens randomly with each new block, which should happen about every 60 seconds.

The more coins you staked on the wallet, the higher the probability of earning a few coins. PI/VX uses the Quark algorithm to validate the transactions, which consumes only a few resources. Many other coins, and especially Bitcoin, consume much more power in order to carry out transactions at all.

Master Nodes offer another way to buy the coin in order to earn money. Master Nodes are computers on which there is a PI/VX wallet with 10,000 coins of the crypto currency. The master nodes are used to verify and encrypt transactions and also store the blockchain. The owners of the master nodes can participate in democratic decisions regarding the future of the blockchain. Using master nodes, revenues from staking are not accidental.

The network distributes 2.6 million coins annually. What sounds like hyperinflation at first is actually a well thought-out concept of development. Coins are also burned annually when the offer has reached a certain mass of coins. At the same time, a large proportion of the coins on the network are also stored on the PI/VX wallets. In total, it is expected to hold 90 % of the total stock. This means that the crypto currency is conceptually closer to traditional currencies.

Byteball Coin – Who is behind the crypto currency?

Behind the development is the Byteball company. Not much is known about most of the developers, the team is rather covered up. The founder is Anton Chuyumov. He founded several Internet companies, such as Teddy ID and Platron. Before that, he studied physics and mathematics in Russia, but then turned to the business world. He began development in 2014 when he discovered the DAG.

Byteball Coin advantages and disadvantages

The distribution method of the GBYTE Coins also received a lot of criticism. Surely many were happy to get some coins for free. However, the coins were distributed in such a way that the more Bitcoins you had, the proportionally more Byte ball coins you received. Those who already had lots of bitcoins were rewarded the most. Not the fairest method.

Behind the crypto currency is a special technology that is not entirely new, but has not been used by any other crypto currency so far. The Directed Acyclic Graph system has a few advantages over the blockchain, such as scalability. Other blockchains could eventually become too slow and the transactions could last forever. The forecast looks good because there is a very sustainable framework behind the coin.

The GBYTE coin price has developed particularly well so far, and traders’ confidence seems to be there in any case. But this also means that buying Byteball Coin is very expensive. The price has shown that it can go up for the coin properly. But first you have to invest a lot more than with many other Altcoins.

Create Byteball Wallet

The crypto currency has already entered the stock markets at a very high level. At the beginning of 2017, the Byteball Coin price was 20 euros. At the end of January it was already 80, then the price fell in the course of February and in March to around 50 to 60 euros per GBYTE coin. In April and May the GBYTE coin price rose continuously and was quoted at over 200 Euro. At the end of May/beginning of June the coin experienced a rally and reached over 600 Euro per GBYTE. In July it was then almost 800 Euros. After that, the price fell somewhat, in August it was mostly between 200 and 300 euros.

In the course of September, October and November 2017 the GBYTE Coin lost further value and was between 100 and 200 Euro. In mid-December the price picked up again and was quoted between 400 and 600 euros. In January 2018 things looked even better, with the crypto currency averaging over 600 euros and reaching a peak of almost 1000 euros per coin. In February, the price fell again to around 300 euros.

The Byteball Coin forecast: So far the coin followed the general developments on the market. However, the price is far higher than most other crypto currencies. The GBYTE coin will certainly remain in the three-digit range in 2018, but the price can fall or rise again at any time. The crypto currency is extremely volatile and it is worth keeping an eye on it.

The official Byteball Wallet can be downloaded from the developers website. There is an installer for iOS, Android, Windows, Mac and Linux. The installations should run smoothly if you just follow the instructions.