Hcash | The New Standard of Value
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Bitcoin and Ethereum are the two major cryptocurrencies that are used to buy alt-coins on exchanges.
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You will end up having accounts at different exchanges as not all exchanges accept fiat currencies, and the ones that do may not trade the coin you want.
Here are some crypto exchanges where you can deposit cash to buy Bitcoin or Ethereum. Coinbase is the most well known site to buy Bitcoin and Ethereum. They are ideal if you are new and just want to get started quickly. Coinmama is another speedy option to get Bitcoin or Ethereum.
Paxful is peer to peer marketplace for buying and selling bitcoin. They offer more than ways to pay for bitcoins, such as direct debit, credit card, Paypal, and via giftcards.
SpectroCoin offers a fiat and virtual currency exchange with more than 20 currency options available Once you are set up and have bought BTC or ETH you can then follow the instructions from the cryptocurrency you are buying. The biggest naming misnomer is Bitcoin Gold BTGwhich is a fork of the Bitcoin blockchain and has no gold attached to it.
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What a wasted opportunity to not have an actual gold-bitcoin. The name has really messed up my gold news alerts as well. Ethereum Gold is built on the Ethereum blockchain and was launched in October as an airdrop to crypto forum readers.
It was launched to function as a store of wealth and emulate the properties and supply of gold. Now, it wants to adapt that product to smart contracts. For now, Stream sits underneath YouTube and Facebook, enabling videomakers to earn funds either from ads or direct viewer support, the latter a new revenue source for most videomakers. But for all this to work, Stream needs a cryptocurrency token to monetize its platform.
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And it will be controlling the deflation of that token in an effort to better drive engagement on the platform. Origin wants to change that, hoping to decentralize the sharing economy with ethereum by creating a peer-to-peer network for transacting directly for just about anything. In order to prove it works, the team anticipates it will probably have to build one of those verticals itself, but it hopes in doing so it will entice other entrepreneurs to build more.
In reality, co-founder Matthew Liu acknowledges ethereum is probably not ready to handle a high-transaction market, like sharing homes or bikes.
The team is currently thinking about building a product around selling professional work, such as design or coding. In particular, Liu is optimistic about using tokens to reward early adopters, perhaps in the form of a cash-back scheme, where early users would get some tokens back after successfully completing a transaction. Lightbulbs image via Shutterstock. The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies.
CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.