Space invaders: Launching crypto into orbit

At first glance, an out-of-this-world plan to launch a network of crypto satellites into space, sounds like one of those grandiose ideas that never got much further than a vague outline in an ICO white paper back in 2017.

But when the plan comes from a team including a Google X engineer and the co-founder of the first private mission to reach the moon, the project suddenly seems a lot more feasible.

The idea behind CryptoSat — which was indeed first outlined in a November 2017 paper — is to build a prototype nano-satellite the size of a coffee mug and launch it into outer space, where it can act as a perfectly isolated and secure cryptographic module.

Once the concept is proven — sometime next year hopefully — an entire constellation of CryptoSats can be launched to orbit the Earth, providing blockchain infrastructure that can be used for everything from mining to timestamping documents.

While it isn’t the first project to combine blockchain and space — Blockstream and SpaceChain do as well —  CryptoSat has some unique features and an impressive core team.

Well that sounds expensive

As private space programs scale up, it’s become surprisingly affordable to build a ‘CubeSat‘ using off-the-shelf components, and then book some spare capacity on a launch to get it into orbit. There are more than one-thousand nano-satellites flying about up there.

The project is the brainchild of two Stanford graduates: SpaceIL co-founder Yonatan Winetraub, 34, and the Chief Technology Officer of Anjuna Security, Yan Michalevsky, 38. The pair got chatting a few year’s back over a cup of coffee about Trusted Execution Environments (TEEs) — which is the most secure part of computing infrastructure. TEEs use tamper proof-hardware to provide strong protection for things like cryptographic keys.

Down here on Earth, there’s always the danger that someone able to get physically close to the hardware could steal keys using sneaky cache timing attacks, or doing tricksy things by observing its electromagnetic or acoustic signals. To guard against this, many people invest in expensive Hardware Security Modules (HSMs) to store keys and securely sign transactions and certificates. They cost anywhere from tens of thousands of dollars to more than $100,000.

But for a comparable amount of USD, the pair realized, you could fire the entire thing into space where the data and computations would be totally protected from adversarial physical access and be almost as immutable and untouchable as the Bitcoin genesis block.

Michalevsky’s company deals in this sort of hardware security on earth. He believes the costs of a satellite stack up to HSMs. “This alternative of launching simple satellites into space can be potentially even cheaper than that,” he said, adding: “It can provide what we hope is better security, because nobody can get to this satellite in space, while being not more expensive necessarily.”

You can’t touch this

While a crypto satellite can be destroyed, the whole world would know the instant it has been tampered with. Communications between it and the ground can be monitored, and any rogue spacecraft approaching the CryptoSat in orbit would be picked up by the North-American Aerospace Defense Command (NORAD) — which monitors the position of everything up there and makes the information freely available on the web.

Winetraub estimates the cost for a launch to be “less than $100,000 and dropping,” explaining further:

“The idea is that if you can provide a root of trust that is literally in outer space, you have something that has an unprecedented level of security because this is a fully tamper-proof Trusted Execution Environment.”

Image taken by the Beresheet moon lander while it was in orbit.

$100M moon mission makes an impact

Winetraub has worked on “quite a few satellites out of Israel” and said he’s been fascinated with space for as long as he can remember: “Ever since I was a little kid, I’ve loved building robots. So building a robot that goes to outer space and to the moon is my personal ultimate challenge. How do you make all the parts work together in such a hostile environment?”

In 2009, he was attending the International Space University Program at NASA Ames — trying to figure out how to use the caves on Mars to support human colonies — when he first heard of the Google XPRIZE.

The initiative offered a $20 million prize to the first privately-funded team to land a robotic spacecraft on the moon. Winetraub founded SpaceIL with a couple of friends and set about raising $100 million to make Israel only the seventh country to go to the moon. Their robotic mission, Beresheet, launched on April 11 2019, and while it did make it to the moon, it was not entirely a success.

“We traveled a quarter of a million miles and in the last few miles, we had an error that eventually made the main engine shut down,” he explains. “And we smashed against [the moon.] I would say every startup wants to make an impact. We’ve certainly made one.”

No one is entirely sure what survived from the load after the crash in the Sea of Serenity. The spacecraft was carrying thousands of tardigrades — microscopic creatures that can survive in space without food or water — and a physical copy of Wikipedia, compressed into tiny images and engraved into nickel plates. So who knows, he may have started a whole new civilization on the moon.

Cure for cancer

CryptoSat is just one of Winetraub’s many projects. He’s also trying to find a cure for cancer by researching how to intercept cancer cell communications and is preparing a second moon mission “to get there and do it right.” Beresheet 2 was announced last week, and will launch in 2024, with two landers and an orbiter.

The idea for CryptoSat was first presented in a paper as part of the ‘Wild and Crazy section’ of the 2017 ASHES hardware security conference. It remained simply an interesting concept until another Stanford graduate, Gil Shotan, 35 — then working at Google’s self-driving car project — convinced them to transform it into reality. “Nowadays I’m an engineer at Google X where I kind of launch crazy moonshots,” Gil laughed, adding: “But my biggest contribution was in acquainting these two.”

Cryposat is incorporated as a public benefit corporation and the Silicon Valley based team has already created detailed designs and begun gathering price-quotes. But while they have plenty of ideas, they still need to nail down the particular use case to demonstrate for the initial trial. “We’re in talks with several organizations in honing down a specific application that we can use to launch a prototype,” Shotan said.

So what do you use a CryptoSat for anyway?

CryptoSat can act as a trusted party for a whole host of cryptographic applications, such as electronic voting which requires a trusted party to perform computations that can’t be corrupted. The satellite could be used for crypto mining in a trusted environment, or timestamping of documents for copyright purposes. The infrastructure can also interact with other blockchains, and validate them in the same way that some private chains sync occasional blocks with public chains like Ethereum to provide additional proof that the ledger is trustworthy.

Shotan compares CryptoSat to the foundational infrastructure of something like the GPS, which is another space-based network that enables a user’s location to be precisely identified, and which powers a raft of applications from maps to courier tracking and Uber Eats:

“The idea here is to try and create the GPS of blockchain, basically an infrastructure for the future of blockchain. We think that this can really revolutionize the way that cyber applications are done today.”

One use case, that’s deep in the technical weeds, is Trusted Setup Ceremonies for zero-knowledge proofs. The information generated in a ceremony can undermine the security of entire cryptocurrency networks. Daniel Bar, 37, a venture partner from Collider Ventures, who has been consulting with the team explained:

“You have stuff like Zcash, or Tornado Cash, all the ZK snarks applications they rely on having this ceremony to set up this originating case. Basically, by having this setup, positioned in space, you don’t need to have a trusted ceremony because this entire device is essentially your trusted execution environment.”

Enough space

CryptoSat has some competitors in space. Another project that also dates to 2017 is called SpaceChain, which launched its own cryptocurrency called SPC and has nodes in orbit. While the last significant milestone on the project’s website dates to December 2019, earlier this month it received a $600,000 grant to continue to develop “decentralized satellite infrastructure.”

Blockstream, of course, pioneered the use of blockchain in space with its Blockstream Satellite network — which broadcasts the Bitcoin blockchain 24/7 around the world to protect against network interruptions. However, Michalevsky explained that CryptoSat is very different, not least because Blockstream leases satellites for its network.

“We’re more at the infrastructure layer and something like that is more of an application,” he said, adding: “One potential problem with that is how do you trust that satellite? That satellite is shared between multiple applications and controlled by a third party.”

“We can potentially help them achieve their goal in the sense that we’re providing a trusted satellite that’s specifically built and designed for the cryptographic and blockchain applications and provides a very high assurance in terms of how it’s built and the fact that nobody tampered with it.”

It’s not the size that matters

The CryptoSat’s tiny size is both a blessing and a curse. While it limits the amount of processing power it can carry, the device’s relative simplicity also makes it easier to trust and to verify it hasn’t been tampered with. “It’s so small and so cheap and easy to control everything you need to know about the satellite,” said Winetraub, adding that the more complicated the device, the harder it is to monitor:

“For example, how do you validate that there’s no hardware that was added before the launch? All those things become more complicated as it grows. I think small is the name of the game here. If we use modern processors and make sure that we have sufficient computer power, and sufficient communication services, I think it’s actually better to build a constellation and be able to make a secure network out there.”

However communication with the ground is CryptoSat’s Achilles’ heel, with uploading data from Earth a slow and limited process. “The two-way communication is actually a challenge,” said Winetraub. “We’re used to fast ethernet connecting everywhere in the world in milliseconds with very large bandwidth. In space this bandwidth becomes more of a limitation.” Winetraub concluded:

“We’re still kind of stuck in the internet of the 90s. So we’re looking into what applications we can do to just use the satellite as a proof of trust, and to sign the principle cryptographic transactions, and not all of them, because we just don’t have enough bandwidth.”

Could CryptoSat replace mining?

One day, the team dreams that this network of satellites could actually take the place of blockchain mining by providing a wholly trusted, tamper-proof validator in space. Instead of decentralizing a network using blockchain to make it trustless, the idea is to have a ledger in space that is totally trustworthy, explains Michalevsky.

“That’s a potential application, although a bit futuristic and a bit radical, but the satellite can be the sole ledger that attests to the transaction history. In that sense, you don’t need the mining anymore.”

Whether or not that particular idea takes off remains to be seen. Winetraub believes the first step is to get the Cryptostat prototype into space. He added that the team would love to hear from anyone interested in partnering on the project, or with ideas for potential applications.

“We’re looking at later 2021 to actually launch this prototype and have the communities start approaching it, communicating with it and seeing if we can get some traction,” he said, adding: “We are looking to connect with entrepreneurs, academia, and the blockchain community to explore further how this can be used as an asset that is out of this world, basically.”

Visit cryptosat.io for more information

Source: COINTELEGRAPH

आखिर क्या है Bitcoin? कैसे की जाती है Bitcoin trading? क्यों इसकी किमत में उछाल आयी?

कभी निवेश के सबसे अच्छा जरिया हुआ करते थे कभी सोने चाँदी जैसे आभूषण, लेकिन दुनिया भर में आज क्रिप्टोकोर्रेंसी Bitcoin trading की क्रेज़ तेजी से बढ़ रहा है। तुरंत मुनाफ़े के लिए बड़े इन्वेस्टर इसका रुख कर रहे हैं, जिसके चलते इसकी कीमत में भी उछाल आ रहा है। इस साल कीमत के मामले में बिटकॉइन ने इतिहास रच दिया है, क्रिप्टोकोर्रेंसी इस साल उछाल के मामले में लेबल पर है जी हाँ ! चूँकि भारत में बिटकॉइन regulate नहीं है तो ज्यादातर लोगो को इसके बारे में नहीं पता.

तो चलिए इस लेख के माध्यम से आपको बताते हैं की आखिर क्या है क्रिप्टोकोर्रेंसी? क्या है बिटकॉइन? कैसे होती है Bitcoin trading?, और आखिर कैसे इसकी कीमत में कैसे उछाल आया है?

इस वक्त पूरी दुनिया में अचानक से Bitcoin trading चर्चा का विषय बन गया है, वजह है इसकी कीमत में उछाल। आज एक Bitcoin का भाव लगभग 15 लाख रुपया हो गया है। जानकारी के मुताबिक बुधवार को बिटकॉइन की कीमत में 4 . 5 फीसदी की रिकॉर्ड तोड़ तेजी दर्ज की गयी। जिससे इसकी कीमत 20 ,440 डॉलर, यानि करीब 15 लाख रूपये पर पहुंच गयी। इस साल अब तक इसकी कीमत 170 % बढ़ चुकी है। कोरोना के बाद मार्च में बिटकॉइन की कीमत 4000 डॉलर प्रति यूनिट के निचे चली गयी थी, लेकिन अब डॉलर की कमजोर होने की वजह से बिटकॉइन ने तेजी से वापसी की है। इस साल की बात करें तो 1  जनवरी 2020 बिटकॉइन 7180 डॉलर के स्तर पर था, जो आज लगभग 20500 डॉलर पर पहुंच गया है। वहीं 5 साल की बात करें तो 15 दिसंबर 2015 को 1 Bitcoin price 415 डॉलर के करीब था, यानि तब से अब तक 4800 फीसदी की तेजी आ चुकी है। आज एक बिटकॉइन का भाव लगभग 15 लाख रूपये हो गए हैं।

क्या है cryptocurrency?

Virtual या Cryptocurrency एक तरह के डिजिटल करेंसी होती है, इन करेंसी की creation, निवेश, लेन-देन या फंड ट्रांसफर की प्रक्रिया में केंद्रीय बैंक या बैंक की एक रेगुलेटर की एक प्रभावी भूमिका नहीं होती है। इन करेंसी पर ना तो किसी देश की मुहर होती है और ना ही इनके भुगतान के लिए किसी तरह से स्वब्रेन यानि सरकारी guarantee होती है। दुनिया भर में बहुत सारी क्रिप्टोकोर्रेंसी प्रचलित है, जिनमे Bitcoin trading सबसे ज्यादा मशहूर है।

क्या है बिटकॉइन (Bitcoin)?

ये डिजिटल करेंसी है जो क्रिप्टोग्राफी के नियमों के आधार पर काम करती है। इसकी सबसे खास बात ये है की डिजिटल होने के वजह से आप ऐसे छू नहीं सकते। बिटकॉइन की शुरुआत 2009 में एलियन सतोषी नमक एक सख्स ने की थी। वर्तमान में लोग काम कीमत पर बिटकॉइन खरीद कर ऊँचे दामों पर बेच कर कारोबार कर रहे हैं। ऐसे सैकड़ों हज़ारो वेबसाइट कंपनी है जो बिटकॉइन को स्वीकार कर रही है। प्लेन की टिकट, होटल रूम, इलेक्ट्रॉनिक, कार, कॉफी, और किसी अन्य चीज के लिए भी पेमेंट कर सकते हैं। मार्च के बाद से ही बिटकॉइन की कीमत लगातार बढ़ रही है।

बिटकॉइन में आये उछाल की वजह क्या है?

अमेरिकी बैंक jp morgan chase एंड कंपनी के मुताबिक सोने की कीमत में हाल में आये गिरावट के लिए निवेशकों को क्रिप्टोकोर्रेंसी के प्रति दीवानगी को वजह मन जा रहा है। अगस्त से अब तक सोने की कीमत में करीब 7000 रूपये तक की गिरावट आ चुकी है। बैंक के strategest का कहना है, की अक्टूबर से Bitcoin trading में काफी ज्यादा पैसा निवेश हुआ है। जबकि निवेशको ने सोने से दूरी बनायीं है। आने वाले समय तक इस ट्रेंड के बने रहने की संभावना है, क्योंकि एसेट क्लास के तौर पर डिजिटल करेंसी की लोकप्रियता लगातार बढ़ती जा रही है।

जानिए कैसे की जाती है Bitcoin Trading?

BuyUcoin के जरिये Bitcoin trading की की जा सकती है, इसके लिए पहले आपको अपना अकाउंट बनाना होता है, इसके बाद ईमेल के जरिये अकाउंट कन्फर्म करना होता है। अकाउंट वेरीफाई होने के बाद आप ट्रेडिंग method सेलेक्ट कर सकते हैं। ट्रेडिंग के लिए चार्ट मौजूद होता है, जिसमे बिटकॉइन की कीमत हिस्ट्री होती है। आप समय पार बिटकॉइन को आर्डर दे कर खरीद सकते हैं और बेच सकते हैं। bitcoin price में बदलाव बहुत की अप्रत्यासी और तेज होता है, इसलिए इसमें खतरा बना रहता है। बिटकॉइन की कीमत दुनिया भर में एक समय पर सामान होती है, इसलिए bitcoin trading मशहूर हो गयी। दुनियाभर की गतिविधियों के हिसाब से बिटकॉइन की कीमत घटती बढ़ती रहती है। ये किसी देश द्वारा निर्धारित नहीं होती है, बल्कि डिजिटली कंट्रोल होती है। स्टॉक मार्किट की तरह बिटकॉइन ट्रेडिंग का कोई निर्धारित समय नहीं होता। इसकी कीमतों में भी उतार चढ़ाव बहुत तेजी से होता हैं।

भारत में बिटकॉइन की कानूनी हैसियत क्या है?

India में क्रिप्टोकोर्रेंसी की कारोबार पर किसी तरह की क़ानूनी बैन नहीं है, हालाँकि भारतीय रिज़र्व बैंक द्वारा बैंकिंग प्रतिबंध लगाया गया है। राज्यसभा में इसके सम्बन्ध में पूछे गए एक सवाल का जवाब देते हुए वित्त और कॉर्पोरेट कार्य राज्य मंत्री अनुराग ठाकुर ने कहा था, वर्तमान में क्रिप्टोकोर्रेंसी से जुड़े मसलो से निपटने के लिए अलग से कोई कानून नहीं है, इस प्रकार RBI, ED, आयकर प्राधिकरण जैसे सभी विभाग और कानून की पालन करने वाली एजेंसियाँ मौजूदा कानून के अनुसार कार्रवाई करती है। Bitcoin Trading पर आरोप लगते आये हैं की इसके इस्तेमाल बड़े स्तर  पर हवाला लेन-देन, ड्रग्स, आतंकवाद और कला धन में होता हैं। इसे देखते हुए सरकार वैध बनाने के को लेकर संसय में है। हालाँकि दुनिया की अलग अलग सरकारें इसके लेन-देन पर रोक लगाने में असमर्थ है, और इसका कारोबार दिन-प्रतिदिन तेज गति से बढ़ता चला जा रहा है।

SEC set to sue Ripple with XRP in the crosshairs

Ripple will be sued by the SEC for allegedly selling unlicensed securities in the form of XRP tokens, according to Fortune.

In a move reminiscent of Coinbase’s recent front-running of a New York Times expose of its alleged treatment of employees of color, Ripple CEO Brad Garlinghouse has taken the unusual step of posting to Twitter to seemingly legislate the issue in the court of public opinion.

Bitcoin and Ethereum have both escaped SEC enforcement due to their decentralized nature. However, XRP, the token associated with Ripple, has long been criticized by some members of the crypto community as highly centralized. Ripple has maintained an escrow account of around 50 billion XRP, or around half of the total supply, which the CTO David Schwartz claims to have been ‘gifted’ by the creators of the third-largest cryptocurrency.

Despite class-action lawsuits and acrimonious splits between the original founders, Ripple has survived to become one of the fintech industry’s richest companies, with a reserve — primarily held in XRP — that could theoretically be worth almost $25 billion, even after a dramatic 13.5% drop in the price of the cryptocurrency token following the news of the potential lawsuit.

A source with connections to Ripple told Cointelegraph that:

“There’s no way it [Ripple] is not a security.”

Ripple posted a Wells submission document to its website explaining its position, claiming that “By alleging that Ripple’s distributions of XRP are investment contracts while maintaining that bitcoin and ether are not securities, the Commission is picking virtual currency winners and losers, destroying U.S.-based, consumer-friendly innovation in the process.”

The company continued to allege, without evidence, that Bitcoin and Ether are “two Chinese-controlled virtual currencies that the SEC has stated are not securities” and that “Innovation in the cryptocurrency industry will be fully ceded to China” should the potential lawsuit brought by the SEC be successful.

According to Fortune, both Garlinghouse and co-founder Chris Larsen, whose combined wealth is estimated at $13 billion, are expected to be named as defendants in the possible lawsuit.

Although Garlinghouse has stated that Ripple would continue to thrive even with a security designation for XRP, the company has recently claimed to be seeking new headquarters outside of the United States, claiming that a lack of regulatory clarity was forcing its hand.

Cointelegraph reached out to Ripple for comment on whether Larsen and Garlinghouse would stay in the United States in light of the potential lawsuit, and had not received a response at the time of publication.

Source: COINTELEGRAPH

Buy Bitcoin Cash in India – Simple 5 Steps for Beginners

If you want to buy Bitcoin Cash in India, first of all, you need to know about BCH in detail. Because before investing in any cryptocurrency it is advisable to analyze its market trends and what is going to be worth in the past, present, and future. Know About Bitcoin cash (BCH) before Buy Bitcoin Cash in India.

What is Bitcoin cash?

Bitcoin cash is a cryptocurrency created in August 2017, from a fork of Bitcoin. Bitcoin Cash increases the size of blocks, allowing more transactions to be processed. The cryptocurrency underwent another fork in November 2018 and split into Bitcoin Cash ABC and Bitcoin Cash SV (Satoshi Vision). Bitcoin Cash is referred to as Bitcoin Cash because it uses the original Bitcoin Cash client.

Key elements of Bitcoin cash include:

  1. Offshoot of Bitcoin
    Bitcoin Cash is an offshoot of Bitcoin and is the result of a hard fork to the original cryptocurrency’s blockchain in August 2017.
  2. Transactions
    Bitcoin Cash plans to have a bigger block size as compared to Bitcoin to fit more transactions into a single block and function as a medium of daily transactions.
  3. Consensus mechanism
    Despite their philosophical differences, Bitcoin Cash and Bitcoin share several technical similarities. They use the same consensus mechanism and have capped their supply at 21 million.
  4. Cheaper transfer fees
    Besides, Bitcoin Cash offers cheaper transfer fees per transaction than Bitcoin, which makes it more attractive to active investors and traders who transact crypto more often.
  5. Profit
    Investing in Bitcoin CFDs gives you the opportunity to trade BCH in both directions. Therefore, regardless of having a positive or negative view of the future of the Bitcoin Cash price, you can try to profit from both upward and downward fluctuations.

How to Buy Bitcoin Cash?

The easiest way to buy bitcoin cash in India is through a digital asset exchange, like BuyUcoin. You can trade other cryptocurrencies like bitcoin and ethereum for it or you can use your local fiat currency to purchase BCH.

Buy Bitcoin Cash in India – Step by Step Guide For Beginners

BuyUcoin is an exchange that provides buying and to Sell Bitcoin cash in India as well as other cryptocurrencies. Below is a step by step guide to buy Bitcoin cash in India via BuyUcoin:

Step 1 – Open a Digital Wallet

Signup for Buy Bitcoin Cash in India with Bitcoin Cash Wallet.

A digital wallet is where you hold your cryptocurrencies and interacts with others via blockchain technology. There are many providers of digital wallets, however, it is important to make deep research before you decide which one is the best for you. Currently, the most popular digital wallet provider to buy bitcoin cash in India is BuyUcoin.

Step 2 – Register & Open an Account

Create LTC wallet for buy litecoin in India

Once you enter buyucoin/signup, register and open an account that can provide you with their service. Select the type of your account either individual or corporate.Select your country and agree to the terms and conditions register your account for crypto trading.

Step 3 – Complete your KYC

Complete your kyc for buy bitcoin cash in India


KYC and AML are mandatory for Indian jurisdiction. Your data is safe and encrypted and is stored in Indian data centers only. You will be redirected to a different URL to complete your KYC. Please be ready with your recent selfie. You will need the images of your pan card. You will need the mobile number with you which is linked with your Aadhar.

Step 4 – Google 2 step Verification

Secure your Bitcoin Cash Wallet with Google 2 Step Verifications.

To use 2FA you will have to install an Authenticator app on your smartphone or tablet. Once enabled you will be asked to provide an additional six-digit one-time password along with your email and password every time you log in to your BF account. This works only when signing in with an email and password. When using Facebook or LinkedIn you can enable 2FA with your social media provider settings.

Step 5-Add Bank details

Add Bank Details for Buy Bitcoin Cash in India instantly with INR.

Add the credentials of your bank name, holder account name followed by account number, and IFSC code details. then you can exchange and buy bitcoin cash in India with INR.

Read Also:- Buy Litecoin in India – Guide for Beginners Step by Step

Trade Bitcoin cash

Typically, an individual has two options when trading in the crypto market. Firstly, they can buy bitcoin cash in India or actual cryptocurrencies, In India buy Bitcoin Cash in INR only on BuyUcoin.
This is considered a long-term investment, as the individual is waiting for the price to rise significantly, so they can later sell their BCH coins in an exchange for a profit. Alternatively, they can trade a contract for difference (CFD) on a particular cryptocurrency and speculate on the price difference.

A CFD is a type of contract, typically between a broker and an investor, where one party agrees to pay the other the difference in the value of a security, between the opening and closing of the trade. This is considered a short-term investment as CFDs are used within shorter time frames.

Can I Use Regular Money to Buy Bitcoin cash?

Yes. Based in India, BuyUcoin is an exchange platform that enables users to sell and buy Bitcoin cash in India as well as other cryptocurrencies with INR. Buy many different cryptocurrencies with INR on this Indian-based exchange. Quickly swap between more than 100+ cryptocurrency assets or use your credit card to instantly buy bitcoin cash in India.

Getting a Bitcoin cash Wallet

If you had bitcoin in your Blockchain.com Wallet at the time of the BCH fork, you can access the equivalent amount of bitcoin cash in your wallet. Bitcoin cash is a fully supported, independent currency in your Wallet and can be sent, received, securely stored, or exchanged for bitcoin and/or ether.

Because both BTC and BCH can sometimes share a similar address format (Legacy address format), it is possible to accidentally send a Bitcoin Cash (BCH) transaction to a Bitcoin (BTC) address, but the funds will only exist on the BCH blockchain. The recovery wallet will be imported to your BCH wallet list.

Bitcoin cash Exchanges

You can either exchange it for a fiat currency (e.g. USD, GBP) or for another cryptocurrency, such as Bitcoin (BTC) or Ethereum (ETH). BuyUcoin is a platform for the digital asset and currency exchange where you can quickly and securely trade Bitcoin, Ethereum, EOS, Tether, and many other cryptocurrencies.

Several trading options are present, including spot and OTC markets. The platform’s interface is very intuitive and easy to navigate. Bitcoin Cash is thus able to process transactions more quickly than the Bitcoin network, meaning that wait times are shorter and transaction processing fees tend to be lower. The Bitcoin Cash network can handle many more transactions per second than the Bitcoin network can.

Bitcoin cash Mining

If you’re a firm believer in Bitcoin Cash, there is a way for you to support the network and earn some BCH at the same time with mining. Essentially, it’s a process of solving complex mathematical puzzles. Miners receive substantial rewards for successfully mining a block of transactions.

The process of mining Bitcoin Cash is very similar to mining Bitcoin, but there are a couple of key differences. First and foremost, the block size limit of Bitcoin Cash is eight MB, while that of Bitcoin is just one MB. Of course, the bigger blocks will require more computing power and, by extension, more investment in order to be mined. On the other hand, bigger blocks do contain more transaction fees for the miner to collect.

Conclusion

Bitcoin Cash price prediction by Digital Coin Price for 2020 – 2025. Digital Coin Price has a positive forecast for the future price of Bitcoin Cash. In 2020, the maximum price during the year will be $550 USD. In 2021, the coin will fluctuate between $500 and $60 and reach its highest price of $680 in September 2021.

Source:- Buy Bitcoin Cash in India — Step by Step Guide for Beginners

Cryptocurrency Price Technical Analysis Weekly (BTC, ETH, XRP, LTC & BCH) 21st – 26th December 2020

BuyUcoin has started cryptocurrency price technical analysis weekly with an initiative to guide fellow crypto enthusiasts towards a better-investing strategy. This, basically, will be video sessions by our technical expert in which you will be provided with the weekly price predictions and technical analysis reports of the top 5 cryptocurrencies, that are-

  1. Bitcoin (BTC)
  2. Ethereum (ETH)
  3. Ripple (XRP)
  4. Litecoin (LTC)
  5. Bitcoin Cash (BCH)

With BuyUcoin you will get…

Bitcoin (BTC) Cryptocurrency Price Technical Update

BTC is making 3 pin pattern on the daily time frame and still making higher highs, we still believe this rally is going to end soon and we will see the drop towards the 17000$-17300$ soon.

Trade Bitcoin at 0% Fees!

Ethereum (ETH) Cryptocurrency Price Technical Update

ETH also aligning with the BTC upside movement and making highs on the higher time frame(daily interval),

If BTC starts its downside movement then we can also expect the downside regions for the ETH as well which is located at around 490-500$ region.

Trade Ethereum at 0% Fees!

Ripple (XRP) Cryptocurrency Price Technical Update

XRP did complete its 60 cents breach, and now we are anticipating a drop down towards the 40 cents regions, as the BTC is holding these regions we can see some intraday wick fish to these regions as well, but the overall bias remains.

Trade Ripple at 0% Fees!

Litecoin (LTC) Cryptocurrency Price Technical Update

LTC is also holding the current 120$ region (forming the highs on the higher time frame).

Aligning with the BTC analysis LTC will start its downside movement towards the 70-80$ soon.

Trade Litecoin at 0% Fees!

Bitcoin Cash (BCH) Cryptocurrency Price Technical Update

Long term upside targets of BCH is located at around 400$, and it seems like this pair will reach those regions sometimes (if BTC and ETH sustain their zones, BCH will likely to hit the zone).

Once the upside is completed BCH downside targets are located at around the 200-250$ region.

Trade Bitcoin Cash at 0% Fees!

Buy Litecoin in India – Guide for Beginners Step by Step

If you want to buy litecoin in India, first of all, you need to know about litecoin in detail. Because before investing in any cryptocurrency it is advisable to analyze its market trends and what is going to be worth in the past, present, and future. Know About Litecoin before Buy Litecoin in India.

What is Litecoin?

The creation and move of coins depend on an open-source cryptographic convention and isn’t overseen by any local authority. Litecoin was an early bitcoin side project or altcoin, beginning in October 2011. In specialized subtleties, the lite coin is almost indistinguishable from Bitcoin.

Key elements of Litecoin include:

  • Digital silver
    Litecoin is regularly alluded to as the advanced silver to Bitcoin as computerized gold. It imparts numerous comparative ascribes to Bitcoin and is among the most established crypto resources in the market that actually exists in the best ten digital currencies by market cap.
  • Fast-paced
    This alone gives Litecoin incredible promise as an investment and tremendous staying power when it comes to the fast-paced crypto market. This by itself gives Litecoin an inconceivable guarantee as speculation and a huge backbone with regards to the relentless crypto market.
  • Proof of work consensus
    Litecoin’s code is almost indistinguishable from Bitcoin’s and incorporates both a fixed stockpile and an LTC block reward splitting like Bitcoin. Additionally, like Bitcoin, the Litecoin network is controlled by confirmation of work agreement.

How to Buy Litecoin in India?

The easiest way to get Litecoin in India is to buy Litecoin in India on BuyUcoin with INR or you can also buy Litecoin directly. Afterward, send them to exchange with XTZ support. BuyUcoin supports wire transfers and credit card payments to buy Bitcoin, Bitcoin Cash, Litecoin & Ethereum.

Buy Litecoin in India — Step by Step Guide For Beginners

BuyUcoin is an exchange that provides buying and selling Litecoin in India as well as other cryptocurrencies. Below is a step by step guide to buy Litecoin in India via BuyUcoin:

Step 1 — Open a Digital Wallet

Signup for Buy Litecoin in India with LTC Wallet.

First of all, buy litecoin in India you should open a digital wallet where you hold your cryptocurrencies and interacts with others via blockchain technology. There are many providers of digital wallets, however, it is important to make deep research before you decide which one is the best for you. Currently, the most popular digital wallet provider in India is BuyUcoin.

Step 2 — Register & Open an Account

Create a new Litecoin wallet & Generate Litecoin wallet address Instantly.

Once you enter BuyUcoin/signup, register and open an account that can provide you with their service. Select the type of your account either individual or corporate. Select your country and agree to the terms and conditions to register your account for crypto trading.

Step 3 — Complete KYC

Complete your KYC on BuyUcoin within 5 seconds to buy litecoin in India.

KYC and AML are mandatory for Indian jurisdiction. Your data is safe and encrypted and is stored in Indian data centers only. You will be redirected to a different URL to complete your KYC. Please be ready with your recent selfie. You will need the images of your pan card. You will need the mobile number with you which is linked with your Aadhar.

Step 4 — Google 2 Step Verification

Secure your Litecoin Wallet with Google 2 Step Verifications.

To use 2FA you will have to install an Authenticator app on your smartphone or tablet. Once enabled you will be asked to provide an additional six-digit one-time password along with your email and password every time you log in to your BF account. This works only when signing in with an email and password. When using Facebook or LinkedIn you can enable 2FA with your social media provider settings.

Step 5 — Add Bank details

Add Bank Details for Buy Litecoin in India with INR.

Add the credentials of your bank name, holder account name followed by account number, and IFSC code details.

Trade Litecoin

As one of the four largest cryptocurrencies in the world, investors can trade Litecoin easily on fiat exchanges. Some investors who want to trade multiple currencies or have the option to convert other currencies easily into Litecoin may want to consider the C2C exchanges more closely. Here are the two fundamental techniques for exchanging and buy litecoin in India.

  1. Spot exchanging:
    Spot exchanging includes purchasing a resource at lows and selling a resource when high, wanting to remove as much benefit from each swing. In any case, when markets are declining, the main choice is moving to money while the resource value falls. It is extremely unlikely to bring in cash when markets are falling utilizing spot stages.
    Brokers who purchased Litecoin at under $20 and sold at $140 would have $120 in benefit, and when Litecoin fell back to the $20 territory might have purchased the Litecoin back and still had nearly $100 to save.
  2. Subsidiaries exchanging:
    Derivatives exchanging is a choice to spot exchanging that allows brokers to long or short the market, so benefits are conceivable regardless of what direction patterns turn. CFDs that permit influence can make yearning or shorting Litecoin significantly more productive by intensifying returns. This likewise builds hazard, so make certain to depend on the danger of the executive’s systems.

Utilizing 100x influence, the two $120 value swings and unpredictability might have brought about benefits as high as $24,000.

Can I Use Regular Money to Buy Litecoin?

Yes, of course, you can buy Litecoin in India with regular money using BuyUcoin. Litecoin is a good investment. There is no preferred time over the present to put resources into Litecoin and other cryptographic forms of money while costs are still low, and the upturn hasn’t completely grabbed hold. Purchasing en route up might be a more secure technique, in any case. However, the most monetary prize comes from being early and setting up your long exchange before things start to move.

Read Also:- Buy EOS In India – Step by Step guide for Beginners

Getting a Litecoin Wallet

Purchasing and holding cryptographic money like Litecoin and other altcoins include first buying the resource on a spot trade and moving it to a web wallet or equipment wallet for safe stockpiling for what’s to come.

Such a contributing takes minimal sum to expertise or exertion yet leaves expected benefits on the table. For instance, in 2019, Litecoin rose from under $20 to $160. In 2020, it fell back to under $40. The individuals who purchased and held would have passed up generous benefit openings.

Litecoin Exchanges in India

Litecoin likewise brought the square age time down to 2.5 minutes versus ten, making Litecoin a quicker answer for shipping off and from. It has made Litecoin a favored technique for sending crypto to and from trades, while Bitcoin is presently utilized more as a store of value.

Investing in Litecoin, as other crypto resources, should be possible either by mining or purchasing LTC online in a couple of straightforward snaps on the digital money exchanging stage or trade. When you have Litecoin, you can choose the different approaches to put resources into crypto.

Litecoin Investing should be possible in a couple of snaps and only a few minutes on any crypto trade or digital money exchanging stage. Some exchanging stages, similar to the Bitcoin-based edge exchanging stage PrimeXBT, first requires the acquisition of BTC. Clients would then be able to open up positions utilizing Litecoin CFDs for the most conceivable benefit opportunity.

Litecoin mining

The motivation for mining is that the primary excavator to effectively check a square is remunerated with 50 Litecoins. The number of Litecoins granted for such an undertaking diminishes with time. In October 2015, it was divided, and the splitting will proceed at ordinary stretches until the 84,000,000th Litecoin is mined.

However, might one be able to deceitful excavator change the square, empowering the equivalent Litecoins to be spent twice? No. The trick would be recognized quickly by some other excavator, mysterious to the first. The best way to really game the framework is to get a larger part of excavators to consent to deal with the bogus exchange, which is essentially unthinkable.

Conclusion

When cash arrives at a minimum amount of clients who are sure that the money is in reality what it speaks to and presumably won’t lose its worth, it can support itself as a technique for installment.

Litecoin isn’t anyplace close generally acknowledged, as even its own authors concede that it has less than 100,000 clients (even bitcoin presumably has not exactly a large portion of 1,000,000 complete clients).

Yet, as cryptographic forms of money become all the more promptly acknowledged and their qualities balance out, a couple of them — potentially including Litecoin — will arise as the standard monetary forms of the advanced domain.

Source:- Buy Litecoin in India — Step by Step Guide for Beginners