Get ready to catch the WAVES! Live on HitBTC

Get ready to catch the WAVES! Live on HitBTC

HitBTC team is delighted to bring the great news to our traders – WAVES cryptocurrency is fully supported by our exchange and all users can trade WAVES/BTC pair!

The story of WAVES listing is actually nice and first HitBTC experience of the kind, by the way.
HitBTC team was fishing around for some new quality cryptocurrencies to be added, and WAVES community has shown unexpectedly strong support to the idea of HitBTC listing WAVES. As you all know, we try our best to serve the interests of our users.
So here we all are, welcoming a new pair to the exchange!

Technology and People

WAVES platform not only has open and responsive community, but it is the great technology with impressive amount of smart people working on it. It has been just a little over half of the year since WAVES hit the market, and technology it stands for is almost here. For ICO projects, which are usually annoyingly slow, WAVES team is working satisfyingly quickly.
It seems WAVES will be one of the leading technologies among next generation (3.0) of cryptocurrencies, so it’s  time for us all to understand couple of things about all the potential of the platform.

Asset Trading

Waves Platform is going to be decentralized asset marketplace with support for fiat currencies.
We all know what it is and we’ve had our fun issuing assets via NXT or Counterparty.
It is more serious and business-like with Waves.
Waves Platform works not only for regular users, who have nothing up there to back up their promises about issued assets. Platform also(and probably primarily) allows governmental institutions and banks issue assets, backed by real value and protected within regulatory jurisdiction of the institute. This all can be legal.
Wait, that means that we will be able…

Crowdfunding

Oh yes, this enables regulated crowdfunding and international fiat transfers.
This is actually the key Waves Platform feature and it explains how they got their $16 million ICO.
Traditional fiat crowdfunding with lower fees due to decentralized nature of the platform and blockchain technology behind it is a very wanted product indeed. It also doesn’t exclude Bitcoin crowdfunding(or any cryptocurrency crowdfunding), it just makes it a matter of preference.
International Transfers

This is the pain of many cryptocurrency adopters.  With every new cryptocurrency we hope it will sort out the problems we have now in the real world. Waves Platform has a good standing chance in doing that, as they target not cryptocurrency users exclusively, but banks, governments and third-party businesses.
Waves Platform team is planning to launch custom transactions, which is very neat feature to pay up dividends, for example. Cooperation is always more fruitful and more likely to happen when there is something for everybody.

WAVES as the fuel of Waves Platform

What is WAVES cryptocurrency among this cornucopia of great projects and features?
It’s just a humble intermediary which makes everything happen.
We think you should probably save some of those for the rainy day.

Ardor to be listed on HitBTC! Buy NXT and Get Free ARDR

Ardor to be listed on HitBTC! Buy NXT and Get Free ARDR

 

Dear users!

Today we are officially announcing support for Ardor, a new blockchain asset, based on the well-known and respected Nxt technology.

HitBTC will start supporting Ardor as soon as it is officially released. Currently, the launch of Ardor is scheduled for October 13, 2016.

As HitBTC cooperated with the Nxt core team regarding the Ardor launch beforehand, we are happy to declare that we will redistribute ARDR we get among the users who hold NXT on their HitBTC accounts. Ardors will be distributed among NXT holders, proportionally to their overall NXT balance (main + trading) at 8:00 UTC, on October 13. Therefore, we highly encourage all HitBTC users to consider purchasing NXT, in order to get guaranteed initial ARDR profit.

What is Ardor and what makes it special?

Ardor is a new blockchain-as-a-service platform, based on the Nxt technology. It is designed with unlimited scalability, safe smart contracts, and customizable child chains.

Child chains are branches of the main chain that can be used by businesses, organizations, and users for different purposes, like setting up a private chain for secure data transfers, or a public one for marketplace activities. Hence, child chains provide a Blockchain as a Service (BaaS) model, opening blockchain development to organizations and individuals across the world.

Manageable Blockchain Size is another great feature, provided by Ardor. It solves the problem of scalability by separating transactions and data that do not affect security from those that do, and moving all of those that don’t affect security onto child chains.

Ardor also provides Decentralized voting and Governance Systems, and a Decentralized Asset Exchange, enabling the ability to trade assets on any child chain for any of the child chain tokens.

Finally, Ardor will implement Phased Transactions. These will allow users to set multiple conditions before a transaction is executed, such as a minimum number of votes and a set amount of time. And with Nxt’s Smart Transactions users will only need to submit the parameters necessary for the transaction and the ID of the functionality they want to use. That said, the transaction process is completely decentralized.

Is Ardor a good choice for traders?

While innovative technical features specify the product, and reflect the probability of success of a specific asset, they are sometimes not enough to guarantee the future growth in the market value.

Fortunately, Ardor has a distinguishing image by default. It is developed by the respected Nxt core team, who are responsible for the developing and launching one of the most prominent digital currenсies that has tons of followers, and supporters. As Ardor is called NXT 2.0, this is certainly the next step for NXT, and a great choice for those, who are looking for promising assets with outstanding reputation.

Don’t miss out! Get NXT now to guarantee your ARDR profits.

HitBTC welcomes Siacoin!

HitBTC welcomes Siacoin!

Dear users,

Today we are welcoming another promising member to our exchange – Siacoin! SС/BTC market is already available on HitBTC.

The network

Sia is an actively developed decentralized storage platform. Technically, it represents a peer-to-peer network that consists of many hard disk drives, connected to the united network globally. The network is fully decentralized, and cryptographically secured. Similarly to other blockchain projects, Sia uses a cryptocurrency, called ‘Siacoin’.

Unlike centralized cloud storage services (Amazon, Dropbox), Sia leverages blockchain to reach consensus in a secure and trustless way. A smart contract on the blockchain ensures through the use of cryptographic proofs of storage that hosts are only paid if they keep the file for the entire duration of the contract. Smart contracts also ensure data encryption, making third party interference impossible.

The mission

Sia aims to replace Bittorrent, Microsoft OneDrive, and all backend cloud storage services, in order to become the backbone storage layer of the Internet. According to the developers, this will be achieved by the consecutive appearance of small decentralized data centers that altogether will comprise the world’s fastest, cheapest, and the most secure cloud storage platform.

Sia enables such small, efficient data centers to sell their storage without market trust and marketing budgets. Sia lowers the barrier to entry, and in doing so creates a wealth of cheap storage for its users. Anyone with an Internet connection and a cheap source of storage can make money.

The cryptocurrency

The Siacoin cryptocurrency is a crucial part of the network, since all storage contracts and payment channels require having digital coins. Roughly, this means that the Siacoin price will be increasing together with the adoption of the network itself. The Siacoin’s value is tied to the amount of used Storage on the network. Siacoin’s market capitalization has already surpassed $9,000,000, affected by a rapid growth in the middle of June, 2016.

Siacoin

It’s worth noting that Sia has another cryptocurrency, called Siafund, 10,000 total, completely premined, and mostly owned by the Sia’s parent company. This cryptocurrency exists in order to provide a way to finance the further development of Sia.

Instead of conclusion

While Sia’s plans sound extremely ambitious, we still may rephrase a popular statement and note that technologies that believe can change the world are usually the ones that do. And in the case of openly traded token-based blockchain projects, such technologies are certainly the ones that grow in value. Check out the brand new SC/BTC market.  

Emercoin is now available for trading on HitBTC!

Emercoin is now available for trading on HitBTC!

HitBTC team is happy to announce support for Emercoin (EMC), one of the most prominent members of the top-20 digital currencies, listed on www.coinmarketcap.com.

The coin is paired with Bitcoin (EMC/BTC), and is already available for trading on HitBTC. EMC/EUR market will also be added soon.

What is Emercoin?

Emercoin is a unique cryptocurrency with hybrid POS+POW mining, started in 2013. The same as the most of the existing cryptocurrencies, EMC can be used to store and manage digital assets through blockchain. However, Emercoin goes beyond being ‘yet another digital currency’. Emercoin represents a technological platform for distributed, censorship-proof and scalable enterprise services.

Emercoin’s blockchain services

At present, Emercoin provides the following services:

  • EMCDNS – uncensored domain name system, peering with an alternative DNS root, OpenNIC. Emercoin’s domain system is also supported on several Tor exit nodes.
  • EMCSSH –application that connects OpenSSH with the EMC blockchain, allowing for secure, decentralized management of Public Key Infrastructure.
  • EMCSSL – decentralized system for passwordless authentication on the World Wide Web.
  • InfoCard – decentralized distributed “business card” system that complements EMCSSL’s passwordless logins by allowing website profiles to be automatically populated
  • Magnet – distributed torrent tracker for internet file sharing
  • EMCTTS – trusted storage for digital timestamps on the blockchain
  • EMCLNX – decentralized pay-per-click advertising network
  • EMCDPO – digital proof of ownership solution for physical or digital goods and services.

The variety of remarkable services depicts Emercoin’s intent towards becoming a key player on the blockchain market, and explains the recent rapid increase in the EMC exchange rate.

Exciting partners

Emercoin was one of the first blockchain technologies to collaborate with Microsoft Azure for Blockchain as a Service (BaaS) program. Currently, all Emercoin’s services are available on the Azure marketplace.

What is even more exciting, Emercoin is already integrating its technology into a number of businesses, namely a farm and a watch factory.

Bottom line

There’s not much to add. How many blockchain technologies that have a plenty of business services, partner with IT giants and have a real market implementation can you name?.

Time to become an Emercoin investor.

DASH is live on HitBTC!

DASH is live on HitBTC!

Long story short, we have added another currency to HitBTC, and this time it’s Dash. Yes, you got it right – now HitBTC lists both Dash and Dashcoin. Try not to mix those up!

Community interest in Dash has been so great that we have no doubts everybody are well-informed about Dash special features, but we can’t help but give you at least a small insight into this exciting coin.

The coin that is now known to cryptoworld as Dash has been around since January, 2014, first released under the name XCoin, then renamed to Darkcoin, and later on it has gained its current name. Dash is actually a Bitcoin fork, but it also has a two tier network advancing it. Although Dash specifications ares similar to other coins’ in many ways, it has few major competitive advantages that keep it in the high league.
Some of them are listed below.

Privacy

One can never be fully anonymous in cryptoworld with all the transactions being recorded in blockchain and available to all the users with Internet access. Dash fights it with the anonymization technology called DarkSend (native CoinJoin). This feature utilizes an algorithm that combines the identical inputs into a transaction with several outputs, which makes transactions extremely difficult to trace.

 

Processing Speed

Dash uses InstantSend technology which allows users to receive transactions in no time just with the same degree of protection against double-spending that comes with several traditional block-level confirmations. Velocity is what matters!

 

Masternodes

What is Masternode? This is basically a special server which could be run by anyone with at least 1000 DASH. More DASH – more Masternodes.

Masternodes are the cornerstone of Dash network. First, without them it would be impossible to implement DarkSend or achieve high transaction speed. Second, Masternode system encourages users to hold DASH and contribute to Dash network – 45% of block reward goes to Masternode maintainers.

This is one elegant Proof-of-Stake algorithm, combined with traditional Proof-of-Work mining.

 

Difficulty re-adjusting

The Dark Gravity Wave(DGW) created by Dash dev team is claimed to be the smoothest difficulty re-targeting system among all present in the market at the moment. Dash mining reward also decreases smoothly, making it 7% less each year. This helps to avoid market shocks and keep the price stable.

 

If you still don’t trade Dash, that’s a great time for you to start – Dash is on the roll right now!

NXT

NXT

I am going to continue introducing new and awesome cryptocurrencies. Cryptocurrencies have been around over 5 years now and there are so many different altcoins already out there. The list keeps growing and so do the possibilities that come with it. You can buy, sell and trade all of the cryptos featured in the series of posts about altcoins on our exchange. Today I have a look at what Nxt is for.

Fantomcoin

Fantomcoin

Next in the series of articles on altcoins is Fantomcoin. I’ll explain the key features of this coin and get you acquainted to Fantomcoin as simply as I can. I love writing about different altcoins as there are so many of them already and the list is ever growing. Each bring their own unique traits to the table and with that open up new possibilities for technical innovations. Let’s see what this coin is all about and what makes it stand out from the others.

Monero – When Privacy Matters

Monero - When Privacy Matters

This week’s look at altcoins and my eyes are on Monero. I saw a great talk on Monero a year ago at Coinfest Estonia. David Latapie gave an insightful talk bringing out something that can be viewed as Bitcoin’s weakness – privacy. What if you don’t want your neighbour to know how much coin you have? Not saying that your neighbour does but if they are intelligent enough and you do all of your dealings in Bitcoin they could have a pretty close estimation. That is of course assuming that you only ever use the same address for storing and sending your coins. Nevertheless all of the transactions ever made will be recorded in the blockchain and anyone can view them.