On Saturday at a crypto conference in New York, HTC's Phil Chen announced that HTC will bring a low-cost version of its blockchain phone, the EXODUS 1s. The device will be able to act as a full node for the Bitcoin network, meaning customers will store the entire block chain's data on their devices. The company will also launch an SDK for its Zion Vault HTC's crypto wallet app. HTC also has ambitious plans to open-source the code behind its social key recovery mechanism. The phone will available by the end of Q3. He further added that "It is going to be a lot cheaper, it will a lot more accessible". He said the device will retail for between $250 and $300.
He further explained that the company saw it as a really important piece of the pie, for the Bitcoin ecosystem. We think that is foundational to the whole decentralized internet and just the whole fundamental premise. He said, If you don't own your keys, you don't own your Bitcoin, you don't own your crypto. He believes that smartphones today are capable of handling the technology, with the decreasing price of processing chips and storage media it is becoming constantly cheaper and more efficient. We expect that phones will be powerful enough.
"The bitcoin blockchain is about 200 [gigabytes], and it's growing about 60 gigs per year. And those numbers are reasonable to hold on a smartphone. Imagine the iPod with 256 gigs ... of course, the music fan wants to keep the whole music library but the crypto fan wants to keep the whole bitcoin blockchain." I think running light nodes, like Ethereum for example, is definitely doable, but it all depends on the specs.
Its new 1st is seen as a trendsetter for many as a contributor to the broader crypto market. The company would continue to support its existing EXODUS 1 product and will add an Etherscan widget for customers to explore the Ethereum blockchain and support for further non-fungible tokens.
Cryptocurrencies are in a boom. So, the demand for accessing digital assets on the trading platforms is a sure thing.
Unlike the stock markets, do not expect the crypto market to sleep or close. As a casual investor or crypto trader, you need to stay updated. In just a matter of minutes, you may see a large gain or loss.
Seasoned crypto traders are very familiar with the feeling of being treated with either a good or bad news as they check their portfolio. Since the market is volatile, there's an increased demand for using crypto trading software to have control over the trading at all times.
On the other hand, with so many trading software for cryptocurrencies, how sure are you that you are using the best one. In this article, you will learn the different factors when choosing a crypto trading software.
Let's get started!
One of the most important features that you should look for in a cryptocurrency trading software is the security features. Make sure to look for two-factor authentication or 2FA since it is accepted as modern security level standards. If the software lacks this feature, then you should avoid it.
Once you find out that your chosen software features 2FA, it is time to check for compatibility. Authy, Google Authentication, and YubiKey are the most accepted avenues for 2FA. Additionally, ensure to look for other security features like custodial storage services.
Smooth Payment Process
Unlike the traditional money systems, cryptocurrencies work differently were sending and receiving funds largely relies on third party wallet services. These services should be user-friendly. Make sure that the platform is away from the daunting process, and it comes with an automated wallet payment tool.
With integration in the whole closed cycle of the crypto payment, you will experience quick and easy payments without worrying about delays. You do not need to leave the platform to access your crypto wallet. By choosing a fully integrated crypto payment process, you can have a better trading experience.
As a crypto trader, you need an exchanging mechanism, from local currency into tradable units. Apart from that, you will also require converting your profits from the trade of crypto into local currency. Fiat exchange will help you with that.
Be aware that different platforms come in different fiat options. Besides, these options only work with certain banks. It's your job to find out which banks have compatibility with your chosen software, including the fiat exchange options.
Cryptocurrencies introduce a more advanced method in auditing, as well as tracking payment and assets. This method is powered by a decentralized ledger, which is known to record ownership.
Choose a crypto trading platform that allows you to see and track the transfers, from owner to receiver. That way, you are aware of the location of your funds as well as the time to complete the transaction.
The last thing you want to experience when trading is getting the margin called since you cannot log in to close an order. Remember that the crypto market is round the clock market while the prices move all the time. Not only that, but the prices are also unlimited by geographic zone. So, a stable platform is essential.
The cryptocurrency trading software should give you complete access to the market. The platform should run 100% to satisfy your trading expectations.
As a 24/7 market, make sure that your crypto trading platform can keep you updated on the latest happenings in the market. To ensure a satisfying result, you can take advantage of primeadvantage.app. Besides, it is user-friendly, and you do need to deal with the daunting process.
The crypto market is one of the thriving areas in the financial sector. The fast growth, however, makes it hard and stressful to narrow down the market for casual investors, beginners, and even seasoned traders.
Good news! The integration of technological advancements makes the trading industry more manageable and simpler than ever. But the high demand for crypto platforms affects your selection process.
A quality crypto robot is tailored to execute trading faster and more efficiently than other traditional techniques. So, be keen when picking the solution that suits your requirements. Do not take shortcuts. Take your time.
Important Considerations When Searching the Right Trading Solution
Reliability - Does it Ensure Good, Immediate & Long-Term Results?
One of the most crucial aspects when choosing a crypto application is reliability. Of course, you want something that you can depend on at all times while enjoying good results. Also, you prefer an option that lets you take advantage of any trading opportunities.
To measure the reliability of software, read customer reviews online. When there is negative user feedback, remove the trading platform on your list. If you find a tool that receives positive client reviews, it's worth the cost. Don't be enticed by cheap prices. Always invest in platforms that are available at the most competitive rate.
Transparency - Keep You Informed and Avoid any Guesswork
Any investment is filled with risks. Crypto trading is no exception. In cryptocurrency, it is hard to predict what will happen in a specific session. Trading robots, however, can do better than you've ever imagined.
Bitcoin is one of the most popular cryptocurrencies because of transparency, leaving nothing hidden.
The same should apply to software in crypto trading. When choosing an application, make sure it shows the trading process, how the profits are made, etc.
To measure the transparency of a platform, check reviews online. The option that has the most positive customer feedback won't give you a hard time. Also, select a developer with a trusted and known reputation. A reputable company will respond to your concerns and other queries on time.
Security - Is it Safe? Does it Pose Any Potential Risk?
What is the main reason behind technological development or advancement? Probably, it has been developed to make our lives easier. But, similar to cryptocurrency and other investment opportunities, the technology comes with risks. As a trader, you have to be cautious so that all your efforts won't go to waste.
Yes, online trading is a fun way to generate and double your funds. Unfortunately, the irreversible losses are high. So, before settling on trading software, ensure that your option is secure enough to keep hackers away.
Once you integrate a platform in your crypto activities, you will give it full access to your funds and other important details. This is a bit risky, so work with a trusted and reliable option for your convenience.
Usability - Is It User-Friendly? Is It Easy To Navigate?
Perhaps, you have used a trading application before. How was the experience? Was it inefficient and difficult to navigate? If yes, look for a user-friendly solution. Ask whether or not it has a simple interface. Also, determine if it is perfect for those who are less tech-savvy. If you have a hectic schedule, you deserve software that does not require a complicated procedure to follow.
Profitability - Does it Drive Profits or ROI?
What's your goal in getting a trading application? Of course, you want to maximize your ROI while minimizing the risks. So, pick a profit-driven solution.
If you have been using an bitcoin fast profit software, it's time to replace it with something cutting-edge and feature-packed. Identify your needs before making a decision! Seek assistance from other traders. Enjoy!