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Jul 06
hottest cryptos

The Hottest Cryptos in 2019

By News & more No Comments

The list of the hottest cryptos to invest in 2019 should be tailored to every person’s needs. However, there are certain general characteristics which put a certain cryptocurrency above the rest. If we take a look at the not-so-known cryptos out there, we will find several that deserve our attention. In this post, we will reflect just a few of them and recall the well-known reliable cryptos.

Dash (DASH)

DASH is mainly talked about in terms of investing. Surprisingly, this cryptocurrency and its market capitalization have surpassed $2 billion. All this happened very quickly, having in mind that DASH was created in 2015.

Many people claim that its ability to provide safety and security puts it among the top cryptos in the market. Nowadays, DASH reaches approximately $100 million worth of transactions daily. The price of DASH is $158.67 at the moment of writing this text.

Binance Coin (BNB)

Everyone heard about Binance Exchange which positioned itself as one of the leading crypto exchanges today. However, we would like to draw your attention to Binance Coin.  BNB is reliable. Actually, it is among the thirty top cryptocurrencies in the market. Its market capitalization is approaching $5 billion. The price of BNB at the moment of writing this text is $32.54.

BNB is very liquid. The circulating supply is BNB 141,175,490.  The past records show that it tends to be quite stable. Additionally, the market has shown records of steady increase in unsteady times.

Bitcoin (BTC)

This is the most commented on and well-known cryptocurrency. It was primarily created with a vision to be a global, decentralized currency. Digital cash, if you wish.  Regardless of the fact BTC has experienced some ups and downs, the analysts still consider it to be one of the most reliable cryptos to both invest in and trade with. It is highly liquid. There are 17.8 million units in the market. The number of users interested in BTC is constantly high, so trading should not be a problem. The price of a BTC at the moment of writing this text is $11,749.10.  The price has a volatile history. However, the estimate is that in order to manipulate the price of a bitcoin, a person or a company would need to have extremely large resources at hand. Therefore, the chances are that fluctuations of BTC are solely related to the volume of the demand. Once the demand increases, the price goes up. Additionally, the supply is limited to 21 million coins.

Lastly, BTC has low inflation rates. As BTC is mined, there are block rewards in BTC that go to miners. Since every 210,000 blocks the reward halves, it means that in time inflation decreases.

bitcoin crypto online casino

Litecoin (LTC)

Litecoin is, many believe, one of the best cryptos ever designed. One of the reasons is because it is super-fast.  It uses Bitcoin’s source code and has faster confirmation times than other cryptos. If we compare it to Bitcoin, we will see that LTC’s blockchain can handle higher transaction volumes, due to more frequent block generation.

The predictions are that Litecoin network will produce 84 million Litecoins, which is a lot more than BTC units planned.

It is accessible globally, working as an open source on a decentralized peer-to-peer network.

The market cap is approximately $771.0 billion. The price of a Litecoin at the moment of writing of this text is $118.84.

Whatever your choice may be, the smartest advice we heard of is to keep investing in more than one cryptocurrency. The other smart advice would be to choose cryptos which are easy to store and secure at the same time, and to not be afraid to go for the more expensive ones.

Let us know about your experience with cryptos.

Jul 02
Players proud of their game

Wayne Has Made Some Serious Money Playing Our Slots

By Latest Winners No Comments

Wayne is one of our dear players who made some serious money recently playing our slots.

It is always a pleasure to see our players proud of their game and the money they won.  The pleasure is even greater when you see someone is enjoying the game.

Wayne Chose to Play “I, Zombie” and “Lucha Libre” Slots

The slot “I, Zombie” where he progressed from $1,952, and $2,140 to ultimately $3,385 features elderly Sensei, a Blue Female Warrior with knives, and the Red Witch.

This is five reels, three rows slot which offers 25 adjustable pay lines. They pay left to right, starting from the leftmost reel.

I, Zombie is a Wild symbol that substitutes for all other except scattered Mirror. Scatter wins are added to line wins and multiplied by total bet. When I, Zombie or Mirrors appear they may reveal 2 additional I, Zombie which hop to the other 2 positions on that reel.

Free games are triggered here when 3 or more scattered Mirrors appear anywhere. All I, Zombie and Mirror symbols that appear during free games will reveal extra I, Zombie Wilds. Prizes are doubled if 4 scatters triggered the feature or tripled if 5 scatters triggered the feature. Any retrigger will add extra games to the current feature only. Free games are played at the lines and bet of the triggering game.

Player proud of his game

Lucha Libre Brought Mega Win

However, the biggest win he achieved by “wrestling with the Mexican professional” where he progressed from $8,550 and won amazing $9,372. This is a 5-reel slot where you can attend a fight between Taco Malo and Guacamolio, choosing one of 3 fighting moves to defeat your opponent. It features 25 variable paylines where all symbols pay left to right except scattered Wrestling Rings, which pay any.Free spins are rewarded.

More on this game you can find here. 

Player proud of his game

Player proud of his game

Bitcoin & Deposit Method

Wayne preferred bitcoin, which apparently brought him luck. As a quick reminder, you can use our  QBDirect deposit method. It enables you to skip the hassle of handling Bitcoin, wallets, etc. This feature allows you to buy your BTC through us and simply enjoy the game with Bitcoin credited to your account. It is also available at our sister Casino Extreme.

Way to go, Wayne!

Jun 26
Blockchain and cryptos doing charity work

Blockchain and Cryptos Doing Charity Work

By News & more No Comments

Sometimes it is difficult to imagine blockchain and cryptos doing charity work. Philanthropic use of cryptos and modern technologies certainly has not been the primary reason why these concepts emerged. However, blockchain is constantly finding its applications in various fields. Philanthropy is just one of those applications that have found its roots. We just need to spread the word in order to get it widely accepted.

A Short Recap of Blockchain Concept

We wrote about how one of the main advantages of blockchain is to move the middleman out of the picture. Having just the two parties involved in any kind of a deal or business, reduces the costs and cutting through red tape. If we put this “no middle-man” business on a blockchain, the red tape is out of the picture as well. The data is secure, reliable, transparent and available within seconds. The question is how charity work fits into this plan?

Blockchain and Charity Work

The widely accepted premise when it comes to the value of money is that people who have earned it are more aware of its value. Therefore, they are more willing to share it, or to invest in into charity. The others, who wore born into wealth, do it mainly for certain tax reliefs. No matter whether we believe in the stated premise, the fact is that giving back to the community or a person in need is the purest human drive. The problem which most charities are facing is the lack of transparency.

Consequently, the money we donate cannot always be traced and people or companies that have donated resources or goods have no way of seeing whether their donation has reached the final beneficiary. Blockchain can help significantly in this matter. However, the reports show that this “new” technology is not so widely accepted by charity organizations. As you can see from the findings from TechTrust’s “Digital Survey 2018” report, 58% of charities among the 1,262 surveyed, do not have a digital strategy. This means that the majority of those charities have not developed plans about their online presence. They are also not planning to offer in-depth feedback about the funds they raised or to invest in IT training.

Paradoxically, the survey shows that 90% of charities have accounts on at least one social media platform. This shows that they are not lacking the basic knowledge. However, it appears that using the Internet structure is recommendable in raising the funds. When it comes to spending, the surveyed organizations apparently did not show the same enthusiasm.

Advantages Blockchain Can Bring to Charity Work

Most importantly, blockchain can cut the costs of international money transfers. An example is The World Food Program, part of the United Nations fighting hunger project. They claimed that by implementing blockchain, they managed to save around $150,000 a month on transaction fees.

By making things transparent and more reliable, charities can improve their image and build a stronger reputation. This can help them in the long run, in future fundraising.

Moving to blockchain can prove their work is sustainable. If donors receive feedback on how their money had been spent, charities will build stronger relationships with their donors. Subsequently, blockchain can trace the roots of a charity mission. Charity work is sustainable if it is well planned in advance, organized and well thought through.

The charity organization is doing sustainable work if it understands the needs of its beneficiaries and knows how to provide. Blockchain offers help in this segment as well. It secures instant exchange of data and funds.

Challenges of Implementing Blockchain to Charity Work

Reportedly, bitcoin is the leading cryptocurrency used in charity donation. However, vast majority of web sites are still not accepting donations in bitcoin. In spite of this fact, the donations in cryptos have exceeded $100 million a year.

The reports show that volatility of cryptos is the main reason for charities to avoid  bitcoin. However, foreign currencies also fluctuate and are non-the-less accepted regularly.

When thinking about challenges and cons of accepting cryptos for charity donations, we should recall the staggering amount of more than $400 billion dollars given away for charity per year and compare it with more than $300 billion in cryptos circulating globally. The potential is immense.

Do you think that cryptos can make this world a better place?

 

 

 

Jun 21
Facebook new project LibraCoin

Facebook Revealed Plans for New Project LibraCoin

By News & more No Comments

Facebook has revealed its plans for their new project, a stablecoin, which is now officially called LibraCoin. The public launch will reportedly happen in the first half of 2020. The media went frenzy and we are now witnessing the opposing views on LibraCoin’s future. But, first, let us explore LibraCoin.

What is LibraCoin

What is LibraCoin is the frequently asked question these days. As majority of other cryptocurrencies, LibraCoin is a digital currency that serves as a means of payment. As expected, the transaction fees that apply to LibraCoin are near to zero. Facebook reportedly announced that the users would be able to buy LibraCoin or get their cash from LibraCoin either online or at local exchange spots.

Facebook has also developed its Calibra wallet. Apparently, it will be governed by Facebook, as a subsidiary of its own. This wallet will be integral part of Messenger, WhatsApp, and other Facebook’s apps. However, it appears we will wait a few more months to be able to use Calibra.

The Libra currency is represented by a 3 wavy horizontal lines character ≋

Advantages of LibraCoin

We all expect LibraCoin to have some advantages over other cryptos. Facebook did not disappoint us in this respect. LibraCoin is fast and less expensive, especially if we use it for international transactions.

Apparently, the companies which accept LibraCoin as means of payment will have discounts or rewards.

This new stablecoin is powered by the Libra Blockchain. This ecosystem is announced as an open-source. It is developed in Facebook’s own Move programming language.

Libra Vs. Bitcoin

With Bitcoin being the leading crypto, we cannot avoid comparing the two . Bitcoin has proved itself as the master of decentralization. On the other hand, LibraCoin is controlled by Facebook and the Libra Association. Furthermore, Facebook declared that they would not have full control over LibraCoin. Other members of the Libra Association will participate in decision making. Among many companies, there are Visa, Uber, Andreessen Horowitz, etc. These members invested more than $10 million each in the project.

Bitcoin’s and Facebook’s blockchains also differ. Bitcoin runs on permissionless blockchain. This means that the miners do not have to ask for approval before they start their mining. LibraCoin’s block chain is permissioned.

Challenges LibraCoin Faces

When launching plans for the new financial ecosystem that has impacts worldwide, it is expected to face certain challenges. As stated above, LibraCoin is centralized and supported by government-backed currencies and securities. They claim that this should secure low risk and avoid fluctuations. Nevertheless, there are voices raising questions. Experts claim that LibraCoin is challenging banking systems, although they doubt this would be the end of the traditional institution. What we can predict at this stage is that LibraCoin will seek to exploit the weaknesses of banking transfers and offer more convenient solutions.

One of the main concerns mentioned in the media is over Facebook’s ability to secure the financial information of their clients. The concern is justified due to the previous breach of users’ personal information. With information about financial transactions, Facebook will now definitely have unrivaled advantage over all other companies in the industry.

Concerns from regulators include the ways LibraCoin will be regulated and in what way exactly Facebook and the Libra Association will be fighting money laundering.

Apparently, making LibraCoin the new leading crypto would take some time. As Facebook Inc. Chief Operating Officer Sheryl Sandberg said, this project is a “long way from launch.” She also added:

“Regulators have concerns. We’re already meeting with them. We know we have a lot of work to do, but this was an announcement of what we would like to do with a roadmap for people to jump in and help us do it.”

 

We would appreciate your thoughts on LibraCoin.

May 07
blockchain bitcoin crypto

How Blockchain is Transforming the Energy Sector

By News & more No Comments

Sources of renewable energy are something we have to regard highly and use wisely for the sake of humanity. Traditionally, the production of renewable energy has been linked to the burning forestry material and agricultural waste biomass. Only at the beginning of the 20th century did the hydropower plants started to be used on a larger scale, and nowadays these are dominant with approximately one quarter of renewable energy consumption being accounted for. The times we live in are linking renewable energy and blockchain technology, in an exploration of more efficient ways to produce, distribute and sustain energy.

So, how does the blockchain fit into this picture?

Many people claim that blockchain could be the future of renewable energy. When we hear the word “blockchain” we immediately think of Bitcoin. However, BTC is just one of the aspects of blockchain use. The focus is on a network that is decentralized and controlled by users themselves, with all transaction data being stored on “nodes” or small computers. Blockchain also ensures that the information stored is secured and reliable.

Bitcoin and Energy Consumption

Apart from being very handy and covering the transmission of data and assets instantly, with no “middle man”, blockchain network also uses some energy to run. A lot of energy. There are data that suggest that only in March 2018, the Bitcoin network globally used consumed energy which is equivalent to approximately 86.5% of the energy consumption of the Czech Republic. The fact is that any Bitcoin transaction uses some 500,000 times more energy than a single Visa transaction, entailing huge carbon emissions. However, the alternatives are being developed and some of them are already in use, such as the system called “proof of stake”, which uses significantly lower amounts of energy due to the fact that it does not require that mining, i.e. validating blocks is performed by all the “nodes”.

Blockchain-Based Energy Supply Vs. Traditional Grid

When it comes to the energy sector, the industry in general is still hesitant, possibly because of the blockchain’s ability to keep the records decentralized.  Nevertheless, we are witnessing to the growing number of, let us call them, “independent renewable energy installations” which supply households with as much energy as one need. These are usually put on rooftops in the form of solar panels. In some countries, such solar panels can cause stress to the electricity grids, which were designed with centralized powerplants in mind.

There are indications that blockchain could stabilize the grid by allowing users to trade with energy among themselves, which actually means that the users would pay each other directly. From the consumer’s point of view, additional advantage of using blockchain would be in thinking in advance and promoting incentives for local consumption, while producing.

Furthermore, with proper tools, blockchain could ensure the tracking of electricity and its consumption in real time and avoid double counting.

Also, as a network that defies the mainstream, blockchain can allow smaller players, i.e. energy producers to engage and take a share of the market.

The downside to this solution would be eliminating big players in the market, such as distributors, suppliers, retailers – just to name a few.

Blockchain and Renewable Energy in the US

“The Brooklyn Microgrid” is the project based on the above-mentioned principles. In its core, it is a system which produces, stores and trades energy locally, among the members of the community. On the other side, it is not completely decentralized, as the grid itself is still being maintained by the utility provider.  Nevertheless, the fact that the energy is produced and traded among and by the users themselves makes the grid more resilient and sustainable. How does it work in practice? Well, you could use your electric car, for example, or solar panels, or any other energy installation to supply the energy to the grid. You could then use the energy yourself or sell it to another consumer. In case there happens to be any extra energy left, you could store it among the members of the grid, making the community energy independent. How cool is that?

For additional info on The Brooklyn Microgrid, you can visit their web site.