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Difference Between Bitconnect And Bitcoin

Differences Between Bitcoin Cash And Bitcoin

Differences Between Bitcoin Cash And Bitcoin

Differences Between Bitcoin Cash and Bitcoin Differences Between Bitcoin Cash and Bitcoin On August 1st, 2017, the Bitcoin Network experienced a fork that led to the creation of a new cryptocurrency called Bitcoin Cash . The ticker symbol for Bitcoin Cash is BCH (although on some exchanges the symbol is BCH to avoid conflict with already existing tokens on that platform). Bitcoin Cash (BCH) is a cryptocurrency created via a fork of the Bitcoin network . This means that any user who held Bitcoin at the time of the fork (August 1st, 2017), now has an equivalent amount of Bitcoin Cash on the forked Bitcoin Cash blockchain. How is Bitcoin Cash different than Bitcoin? Bitcoin Cash was created as an answer to the years-long debate among the Bitcoin community regarding the best way to scale Bitcoin to more users. The most simple solution, and the one adopted by Bitcoin Cash, is to increase the Max Blocksize Limit parameter of the Bitcoin codebase. While Bitcoins block size limit remains at one megabyte (allowing for ~250,000 transactions per day), Bitcoin Cash has increased the limit to 8MB, allowing for around two million transactions to be processed per day. As far as the users of Bitcoin/Bitcoin Cash are concerned there is very little noticeable difference on the frontend when using either currency. The main difference between these coins is the fact that, given equal hashrate, BCH protocol allows for more transactions per second which translates to faster payments and lower fees. Why do some people call Bitcoin Cash Bcash? There are some who oppose the existence of Bitcoin Cash for personal reasons and wish to undermine it as a viable alternative to Bitcoin. Instead of offering a technical or economic critique of Bitcoin Cash these people refer to Bitcoin Cash as bcash on Continue reading >>

Cryptocurrency Confusion: Bitconnect Coin Forced To Confirm Ownership Of Its Bcc Symbol

Cryptocurrency Confusion: Bitconnect Coin Forced To Confirm Ownership Of Its Bcc Symbol

Cryptocurrency Confusion: BitConnect Coin Forced to Confirm Ownership of its BCC Symbol Bitcoin PR Buzz August 4, 2017 11:00 am Rapidly growing cryptocurrency BitConnect Coin has been compelled to establish its cryptocurrency ticker BCC after the new altcoin Bitcoin Cash opts for the same branding. BitConnect Coin wishes to remind the community that it has been using the BCC symbol since its inception and that any attempt to use the same symbol would only serve to confuse the market. This weeks Bitcoin network hard fork has been the topic of conversation in the cryptocurrency scene for months now, and many platforms have voiced their support for the Bitcoin Cash fork, which they say will be listed as BCC. These exchange platforms have overlooked popular altcoin BitConnect Coin (BCC) as they focused their attention on the developing Bitcoin situation. BitConnect is concerned about the potential confusion caused by listing of Bitcoin Cash as BCC on exchanges, especially the ones already supporting BitConnect Coin. They are urging exchanges and trading platforms to list Bitcoin Cash under an alternative symbol, to ensure that traders are not confused by the duplicate symbol. Some problems that could arise is the purchasing of the wrong digital currency by traders and platform users. In the nine months since the digital currencys inception, BitConnect Coin has recorded one of the most successful periods of growth by a coin in the top 15 market cap listings. Even outperforming Ethereum, BitConnect Coin has registered a growth of over 700%. After a small stutter, the cryptocurrency is back on an upward trajectory again, thanks to a dedicated team and a rapidly growing community. BitConnect believes that this issue will be resolved soon but would like to make members and the Continue reading >>

How To Earn Free Bitcoin Daily: Choosing Between Bitconnect And Usi-tech

How To Earn Free Bitcoin Daily: Choosing Between Bitconnect And Usi-tech

How to Earn Free Bitcoin Daily: Choosing between Bitconnect and USI-Tech FREE Video Shows How to Earn Serious Income with Cryptocurrencies: HERE Bitcoin was created in 2009 and has brought a new face to the world of digital currency. In fact, bitcoin is considered the first decentralized digital currency system. This system has become a favorite for many entrepreneurs when it comes to investment. According to financial advisors, a majority of their clients are curious about how bitcoin works and whether it is safe. However, the creators of bitcoin give assurance that the system is secure. Due to its popularity, more than 100,000 vendors have embraced this digital currency as a form of payment. Therefore, individuals can make purchases and pay for the products or services with their bitcoins. The number of bitcoin users is estimated to continue growing in the next few years. However, a lot of people are not aware of how bitcoin works, which we will discuss below. The process of generating bitcoins is known as mining. However, to get started, you must first install a bitcoin wallet on your phone, a tablet or computer. This wallet will generate your bitcoin address. You are required to use the address only once, and you can generate more anytime. You are also free to share this address with other people. Many people opt to use this address to make or receive payments. The digital currency uses a shared public ledger known as a blockchain. The blockchain records all transactions. Therefore, you can always keep up with your spending. Cryptography enforces the public ledger which enables it to maintain a high level of transparency and integrity. For security purposes, the wallet owner is given a private key. The owner has to use this key when making any transactions. The key Continue reading >>

Cryptocurrency Symbol Bcc Belongs To Bitconnect Coin, Not Bitcoin Cash

Cryptocurrency Symbol Bcc Belongs To Bitconnect Coin, Not Bitcoin Cash

Cryptocurrency Symbol BCC Belongs to BitConnect Coin, Not Bitcoin Cash ASHFORD, England, Aug. 7, 2017 /PRNewswire/ -- The Bitcoin Cash hard fork could soon run into identity crisis as the symbol proposed by exchanges belong to BitConnect Coin. BitConnect Coin , the fastest growing cryptocurrency of all times has been trading under the symbol BCC since day one. Among the top 15 cryptocurrencies in terms of market capitalization, BitConnect Coin points out the branding issue with Bitcoin Cash and the confusion the new altcoin will create if certain exchanges decide to list it as BCC. The upcoming hard fork of the Bitcoin network is the topic of discussion among many in the cryptocurrency community. With the fork scheduled to happen on August 1, 2017, many exchange platforms have indicated their support for the Bitcoin Cash fork, which they say will be listed as BCC. These exchange platforms have overlooked the strong presence of BitConnect Coin in the cryptocurrency market as they focus on the developing situation at the Bitcoin front. BitConnect is concerned about the potential confusion caused by listing of Bitcoin Cash as BCC on exchanges, including the ones that are already supporting BitConnect Coin. The cryptocurrency urgeexchanges and trading platforms to list Bitcoin Cash under an alternative symbol to ensure that traders don't get confused between BitConnect Coin and Bitcoin Cash. Else, they could end up purchasing or selling one, instead of another. If the issue with "BCC" symbol is not resolved soon, the confusion is bound to create lots of problems in the coming weeks. Since the past nine months, BitConnect Coin has registered a phenomenal growth, out-performing the growth of the world's top altcoin, Ethereum. In the previous three months, the cryptocurrency Continue reading >>

Bitcoin: Bitconnect Fears, Scams Crash Cryptocurrency Prices | Fortune

Bitcoin: Bitconnect Fears, Scams Crash Cryptocurrency Prices | Fortune

BitConnect (@bitconnect) January 15, 2018 Indeed, the sudden halt of Bitconnect drew parallels to Mt. Gox, a major cryptocurrency exchange that shuttered in 2014 after losing virtually all its Bitcoinslargely through a massive hack, but also through the alleged embezzlement and mismanagement of its CEO. The Mt. Gox collapse precipitated a Bitcoin price crash of more than 70%, shaking investors confidence in the cryptocurrency for so long that it took Bitcoin more than two years to recover. While many cryptocurrencies have been in bear market territory since a correction that began in late December, this week has been especially bloody for investors, with the Bitcoin and Ethereum prices down nearly 40% in the past two days, and Ripple shedding nearly half its value over the same period. By late Wednesday afternoon, the Bitcoin price had bounced back above $10,000 but still remained far below its peak of $20,000 a month ago. Adding to the Bitconnect concerns was a crop of attempts by apparent scammers to take advantage of the confusion to trick users into handing over the contents of their cryptocurrency wallets. On Twitter, accounts that presented themselves as Bitconnect customer support but appeared to have been set up only after the service shut down, such as @BitconnectStaff and @BitConnectExch , seemed to prey on users desperate to get their money off the platform by suggesting they send all their cryptocurrency to a separate digital wallet address. Because such a transaction would be irreversible and difficult, if not impossible, to trace, observers quickly recognized the hallmark of a scam in which the senders would likely be diverting their funds to the criminals, never to see them again. This entire thread is a scam in progress. A fake BitConnect support accoun Continue reading >>

10 Steps To Make Money Withbitcoin

10 Steps To Make Money Withbitcoin

Full time PPC Analyst, part time blogger & stock trader. All of my posts are opinions and not recommendations, do your own due diligence before investing. In this post I will take you through my 10 step process to making money with Bitcoin as well as how you can make 1% interest every day, and in some cases, up to 40% interest per month on your cryptocurrency investment. By now Im sure you heard of Bitcoin, which is why youre reading this post. As you know, Bitcoin is a digital currency that can be used to make purchases or traded like a stock. Bitcoin is used to make safe and secure transactions instantly anywhere in the world. It is not regulated, controlled, insured by any bank, government or Federal Reserve. It is an open network that is managed by its users and investors. By using this system you will be able to make safe 1% daily gains on your money without doing the trading or monitoring the price of Bitcoin. In fact, the more volatile the market is, the percent payout can be higher than 1%. This post will walk you through the entire process step-by-step with nothing left out and teach you how to make money with bitcoin with as little as a $100 investment to start. Make sure you bookmark this post so you can come back and refer to it when needed. Below are the 10 simple steps to help you make money with bitcoin and earn 1% on your money every single day: You will need a Coinbase account and a DavorCoin account. Coinbase is a cryptocurrency exchange where you will need to buy your bitcoin. The Davor platform is where you will lend your money to earn your daily interest payments. If you sign up for the two websites using the links above, youll earn yourself $10 in free Bitcoin when your account is funded ($100 or more of bitcoin). If you truly want to make money w Continue reading >>

Bitconnect Shuts Down Its Exchange Citing A String Of Excuses

Bitconnect Shuts Down Its Exchange Citing A String Of Excuses

Bitconnect Shuts Down Its Exchange Citing a String of Excuses In a move that will surprise few observers, Bitconnect has announced that it is closing its lending and exchange platform. The company has widely been accused of operating a Ponzi scheme and was recently rocked by cease and desist notices in two US states. Immediately after the firm declared its intention to wind things up, its BCC coin plummeted from $290 to under $10 before recovering slightly. With the exchange offline, many holders have been left locked out and powerless to sell their heavily deprecated assets. Also read: Bitconnect Slapped with Securities Emergency Cease and Desist Order Pressure has been mounting on Bitconnect for months, with leading figures within the crypto community, from Vitalik Buterin to Jameson Lopp, speculating that the exchange was not all it was cracked up to be. News.Bitcoin.com reported on these rumors back in November before revealing, less than a fortnight ago, that the company had been slapped with an emergency cease and desist order in Texas . Among many red flags to have set alarm bells ringing were Bitconnects extremely odd marketing videos, described by one commenter as being like scientology merged with hillsong infused with dorks and used car salesmen. In an update posted on the Bitconnect website, the company said it was halting its lending and exchange service due to the spate of cease and desist notices coupled with bad press and a string of DDoS attacks. Unfortunately, due to the ongoing DDoS attacks, the blog post cant be accessed at this time. The bad press that Bitconnect cites, otherwise known as accurate reporting, has been invaluable in helping guide crypto newcomers away from the platform. The exact workings of Bitconnects secret sauce that purportedly Continue reading >>

Main Difference Between Usi Tech And Bitconnect Reasons To Invest - Crypto News -

Main Difference Between Usi Tech And Bitconnect Reasons To Invest - Crypto News -

Main Difference Between USI Tech and BitConnect Reasons To Invest - Crypto News - Published on 21 Dec 2017 / In USI Tech Bitcoin Referring To The Program! How To Lend Bitcoin: Learn More About Bitconnect Get Book Here: Step By Step Guide To Setting Up Wallets And Buying Cryptos Which Wallet Is Best For You? Ledger Nano S Cryptocurrency Hardware Wallet Trezor Cryptocurrency Hardware Wallet Ledger Blue Cryptocurrency Hardware Wallet Earn Excellent Interest Daily Loaning Bitcoin Earn Cryptos Daily - Cloud Mining Contracts ^ Use Code "lVkYSW" And Get 3% Off Every Purchase At Genesis Mining ^ Earn Cryptos Daily - Cloud Mining Contracts Mining Hardware Comparison Guide GekkoScience USB Stick Bitcoin Miner 8gh/s+ (BM1384) L3+ ~504MH/s @ 1.6W/MH ASIC Litecoin (Scrypt) Miner S9 ~14.0TH/s @ .098W/GH 16nm ASIC Bitcoin Miner Continue reading >>

Texas Bans The Activity Of Bitconnect

Texas Bans The Activity Of Bitconnect

The pyramid earnings scheme masked as a lending platform received a cease and desist order from Texas authorities. BitConnect, the most prominent and reviled cryptocurrency earnings scheme, has received a ban for its activities in the state of Texas, a letter from local financial authorities showed. The Texas authorities are relying on the most widespread argument for the activity of cryptocurrency launching companies - regulation against unregistered securities. This is the chief argument for the order: "The Securities Commissioner found that the BitConnect investments are securities, but were not registered as required by the Texas Securities Act and State Securities Board Rules and Regulations. In addition, the company is not registered to sell securities in Texas." What triggered the authorities was the aggressive approach of BitConnect in finding new clients, by channels such as online ads, social media, and most often, video. However, the authorities also pointed out the promoters and sellers were not registered as security brokers. What attracted attention toward BitConnect is also the recently announced ICO, a token sale event that would gather even more Bitcoin for the project. The start date of the BitConnect ICO is set to January 9. BitConnect has benefited greatly from the rising Bitcoin prices, as it manages to pay out earnings denominated in fiat without going bankrupt. BitConnect has also been careful to curb its multi-level referrals program, so that the scheme does not grow out of control and self-destruct, like traditional Ponzi schemes. Anyone wondering why #bitconnect price isnt taking despite receiving a cease and desist? Just think about who owns the tokens ;) Daniel Newson-Nuttall (@NuttallNewson) January 5, 2018 So far, BitConnect tries to manip Continue reading >>

Bitconnect Coin Blasts Off Faster Than Bitcoin In Cryptocurrency

Bitconnect Coin Blasts Off Faster Than Bitcoin In Cryptocurrency

BitConnect Coin Blasts Off Faster than Bitcoin in Cryptocurrency In less than one year, the BitConnect online community has gained over 50,000 members around the world. The most dominant and valuable cryptocurrency, Bitcoin, took over two years to reach the same market price of the new altcoin. BitConnect Coin is designed to offer financial freedom to the masses by reducing if not eliminating the dependency on centralized banking and financial institutions. In addition, the cryptocurrency is also more secure than conventional financial instruments, eliminating the chances of identity theft and other issues that currently plague fiat based electronic payments infrastructure. BitConnect Coin offers a new level of empowerment to its community members. Members can connect socially and financially to a secure, protected community of investors and lenders. By connecting with the community, BCC users can increase the value of their coins in the wallets as the cryptocurrencys price increases. BitConnect has also added a news department, engaged with online leaders like Kim Dotcom, successfully launched its own digital currency, added a proprietary Bitcoin wallet, launched an innovative global Bitcoin lending program, and surged from zero traffic to a top 100k Alexa ranking. It is the worlds fastest growing online Bitcoin community. BitConnect Coin is a Scrypt (PoW/PoS) consensus algorithm based cryptocurrency with a finite number of tokens. The total number of BCCs are limited to 28 million. The limited number tokens ensure constant appreciation of value in the light of ever increasing demand. BitConnect Coin facilitates quick transactions between wallets allowing people to make instant transactions between each other or to pay for goods or services. Unlike Bitcoin, the block Continue reading >>

What Is The Difference Between A

What Is The Difference Between A "coin" And "token"?

Very broadly, a crypto coin is just that: a coin, or means of payment, whilst a token has wider functionality. The express purpose of a coin is to act like money: as a unit of account, store of value and medium of transfer. Coins tend to take the form of native blockchain tokens like bitcoin (BTC), Litecoin (LTC), Monero (XMR), and so on, though they do not have to. ChronoBanks Labour Hour (LH) tokens, which are hosted on Ethereum, can be considered as coins. Their purpose is solely to act as a form of money, storing value over time and enabling businesses to account and pay for services. They are created as ERC20 tokens for reasons of convenience. Blockchain tokens do have value, but they cannot be considered money in quite the same way that a straightforward coin can. Tokens are generally hosted on another blockchain, like Ethereum or Waves: 2.0 protocols that allow users to create them using the core coin (e.g. ETH or WAVES though theres some debate about whether ETH and WAVES, both of which act like fuel for their systems, are coins in the same way that BTC acts as a simple currency). Tokens offer functionality over and above that of digital cash. They may deliver value to investors, beyond speculative returns; this is one of the purposes of ChronoBanks TIME token. That can occur in a variety of ways, though typically through buybacks (since dividend payments entail regulatory problems). They may be used to hold votes by the community on key business decisions, or even technical changes to the platform. All explanations are from personal idea, collective knowledge or Google? Is there any standard and academic explanation? If you can't explain clearly, simply and understandably to newbies, then it proves that you do not understand it thoroughly Coin is money in cryp Continue reading >>

How Bitconnect Pulled The Biggest Exit Scheme In Cryptocurrency

How Bitconnect Pulled The Biggest Exit Scheme In Cryptocurrency

How BitConnect pulled the biggest exit scheme in cryptocurrency In a menacing turn of events yesterday, Bitcoin investment lending platform BitConnect abruptly announced it is shutting down its lending and exchange services. But while this sudden curveball might have come as a massive surprise for thousands of gullible investors, the writing was on the wall all along. The company, which made its foray into the cryptocurrency scene with an initial coin offering (ICO) in late December 2016 , swiftly cemented its position as one of 2017s best performing currencies on CoinMarketCap. Indeed, during its heyday, BitConnect boasted a market cap of over $2.6 billion and a value exceeding the $400 mark. But despite its meteoric growth and burgeoning user base, the investment platform attracted a swarm of naysayers with its suspicious business model, which vocal critics repeatedly labeled a Ponzi scheme . Guaranteed to earn investors up to 40 percent total return per month, BitConnect followed a four-tier investment system based on the sum of initial deposit the more cash you put down, the bigger and faster profits you could rake in. Regardless of the stake though, investors were promised a one-percent return of investment (ROI) on a daily basis. To this end, the company had developed its own proprietary trading bot and volatility software that would turn your Bitcoin investment into a fortune. Or so the information provided on the website suggested. This meant that salting $1,000 away into your BitConnect investment account could net you more than $50 million within three years, assuming the scheme does indeed live up to its promise for one-percent interest compounded on a daily basis. Needless to say though, many deemed this model unsustainable. Among the first ones to voice hi Continue reading >>

Bitcoin Cash Cannot Use Bcc Since It Belongs To Bitconnectcoin

Bitcoin Cash Cannot Use Bcc Since It Belongs To Bitconnectcoin

There are currently several thousand cryptocurrencies available to users. Not all of these coins will become successful altcoins in terms of price and adoption. With the upcoming Bitcoin Cash hard fork, there is a significantproblem which may set BCC back. The currency cannot use the BCC ticker, sinceit already exists on multiple altcoin exchanges. Most people will not pay much attention to Bitcoin Cash until August 1st comes around, but thisnew token already has a big issue to overcome. All of the exchanges supporting Bitcoin Cash so far have announced they will label the currency as BCC. Unfortunately, the BCC ticker is already in use by a completely different currency. There is an altcoin known as BitConnect. The native currency of BitConnect is BitcoinnectCoin , listedas BCC on cryptocurrency exchanges. It is pretty difficult to overlook BitConnect, so the fact Bitcoin Cash missed thatticker name is slightly embarrassing. The formeris in the top 15 currencies ranked by market cap, and its token wasworth $60.61 at the time of writing. Moreover, it has been trading under the BCC ticker symbol from day one, making it even stranger that no one bothered to point out this naming issue to the Bitcoin Cash-carrying exchanges. These same exchanges seemingly ignored the fact that there is an official BCC exchange as well. It is the main trading hub for BitConnect, andit shows that the BCC name has been used for many different purposes already. Referring toBitcoin Cash as BCC on various exchanges will not work, especially not on the few exchanges where BitConnectCoin will betraded as well, namely: BCC Exchange, Livecoin, NovaExchange, and CoinExchange. Although these are not the biggest markets, this couldstill cause unnecessary confusion. Livecoin has confirmed that itwill s Continue reading >>

Bitconnect Investors Left In The Lurch As Token's Price Drops 90%

Bitconnect Investors Left In The Lurch As Token's Price Drops 90%

BitConnect Investors Left in the Lurch as Token's Price Drops 90% Jan 17, 2018 at 16:57 UTC|UpdatedJan 18, 2018 at 09:20 UTC The price of BitConnect's controversial cryptocurrency has cratered following Tuesday's news that its lending and exchange operation is shutting down - and investors have been unable to sell their tokens despite claims the site would stay online this week. The closure of BitConnect's lending and exchange platform was a major development given that its sales pitch prominently features the promised returns from lending out the currency, known as BCC, via the site.After the announcement, the price of BCC tanked on the few public markets on which the cryptocurrency trades. According to data from CoinMarketCap , BCC was trading above $400 at the start of 2018, yet in the wake of Tuesday's bombshell, the price has fallen by more than 90%, trading at roughly $17.25 per coin as of press time Akin to high-yield investment plans, BitConnect touted larger returns based on the amount loaned (users would deposit bitcoin and buy BCC in order to lend). As might be expected, BitConnect drew comparisons to cryptocurrency investment schemes such as OneCoin, which was widely believed to be a pyramid scheme. The allegation that BitConnect is a Ponzi scheme - in which earlier investors are effectively rewarded with the proceeds of new investors - gained traction in recent weeks as state regulators in the U.S. issued cease-and-desistletters to the outfit in connection with an initial coin offering. The mix of regulatory scrutiny and "bad press" was ultimately blamed for the platform shutdowns.And now, users are crying foul and searching for answers amid a wider plunge in cryptocurrency markets. The situation is playing out across disparate social media channels, with Continue reading >>

Bitconnect Review - Earn, Buy, Sell & Trade Bcc Bitcoin Community Network?

Bitconnect Review - Earn, Buy, Sell & Trade Bcc Bitcoin Community Network?

BitConnect describes itself as the cryptocurrency revolution. Find out how BitConnects currency BCC tokens work today in our review. BitConnect promises to empower people financially using a digital currency built on blockchain technology. That cryptocurrency , called BCC, claims to offer enormous earnings opportunities. When you see promotional materials for BitConnect online, youll see information about how investing in the currency today will give you returns of up to 480%+ in cash every year. Some of the developers sources even claim to pay you a guaranteed profit of up to 91.25% per year. BitConnect has all of the characteristics of a Ponzi scheme or investment scam: the company makes specific promises about its earnings opportunities, and it claims theres no risk involved in the process. In fact, the only thing you need to do to get rich quick is to give the company a bunch of money. The site is also riddled with grammatical problems and spelling errors, which tells us the owners care more about making a quick buck than they care about creating a professional business. Is BitConnect really just another cryptocurrency scam or pyramid scheme? Or is it a legitimate investment opportunity ? Lets take a closer look at how it works. Basically, BitConnect generates money through some type of lending scheme. You deposit your bitcoin into the platform in exchange for BitConnect coin. Once youve deposited money into the platform, youll have access to the BitConnect dashboard, which lets you lend BCC to other users. Through this process, youll earn daily profit, according to the BitConnect website. Were not talking about a small amount of profit, either. The company claims to pay you enormous guaranteed profits from your lending activity. Heres what the dashboard says you c Continue reading >>

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