Earlier reports had suggested that the Korean giant was entering the field of cryptocurrency with dedicated mining machines and today, that news has been confirmed. A Samsung spokesperson told TechCrunch that the company's foundry business is concentrating on building chips for mining cryptocurrencies specifically. However, the representative was also very secretive about the whole thing and declined to comment any further on the matter. It looks like all those rumors about Samsung making application-specific integrated circuit chips (ASIC) for dedicated mining machines were indeed true.
The decision isn't really surprising, given how popular a business cryptocurrency mining has become nowadays. In fact, it's one of the main reasons as to why graphics card prices have soared sky-high and even when you are willing to pay that price, it's hard to find one! ASIC chips on the other hand are the future of mining bitcoins. They are more efficient in mining than gaming GPUs simply because they are built specifically for one purpose, which is to compute hashes. Given that the ASIC-powered mining rigs are also more power-efficient than a multi-GPU unit, Samsung has a chance to shape the future of cryptocurrency mining here.
Saikat Kar (tech-enthusiast)
It wasn't too long ago that mining corporations had made gaming graphics cards super expensive and the rapid, meteoric rise of cryptocurrencies in general, and Bitcoin in particular had left entire nations confused regarding their blockchain policies. While things have calmed down since then, cryptocurrencies are going nowhere and Samsung is all ready to pounce onto the scene with some of their own in-house ASICs, aka application-specific integrated circuits.
Reports have come in to confirm that Samsung will be supplying their mining-specific chips to Squire, a company that manufactures crypto mining rigs in Canada. It is expected that the ASIC chips supplied by Samsung will make the machines much more productive for mining, while cutting down on the huge power requirements that they generally come with. While this makes the deal official, Squire did not declare anything about when they will start using the chips in their products. It would be interesting to see how the ASICs by Samsung fare against the ones manufactured by TSMC; a much more experienced company in the field.
The smartphone market is undoubtedly a hugely competitive area at the moment, with many major brands from Apple to Samsung working hard to outdo their rivals with exciting new creations that offer consumers access to a range of options and capabilities.
HTC may have been established in Taiwan all the way back in 1997, but it has grown to have a major presence in the world of mobile phones and, at one point, had a market share of more than 10 percent.
The company's latest model is the Exodus 1, an Android-based smartphone that is undoubtedly heavily inspired by the recent developments and interest seen in cryptocurrency across the past few years.
While the idea of bitcoin and other digital forms of currency has been around now for some time, the cryptocurrency concept has arguably reached a new level of popularity in recent years. Towards the end of 2017, bitcoin reached record values of around $20,000, with the news seemingly taking awareness of the concept to a whole new level.
Across the past few years, a range of brands have embraced and permitted cryptocurrencies as a payment method, with the likes of Subway and travel website Expedia at one point or another giving consumers the chance to purchase goods or services using the concepts. Technological powerhouse Microsoft has also taken steps into the area and has allowed people to use bitcoin on its online store in the past.
Such trends have even led to the creation of further services including many a trading platform devoted to the concept. Services for exchanging digital currencies first emerged shortly after the likes of bitcoin and other crypto assets were launched around a decade ago, with the platforms becoming increasingly sophisticated as time has gone by.
An Android device with a difference
Now, against this backdrop of growing interest and awareness in cryptocurrency in general, the Exodus 1 has emerged.
HTC's new device is an Android smartphone with a difference, specifically in the sense that it features a private area separate to the main operating system that has been created to keep cryptocurrencies safe. The wallet system it features is known as Zion and has been designed to protect private keys and other vital data.
Such features have led HTC to describe the phone as the first native web 3.0 mobile device as it has seemingly pushed matters forward from web 2.0 and the idea that personal data is controlled by large organisations. Instead, HTC claims the web 3.0 paradigm gives people the chance to own their own information.
Finally, just to emphasise the phone's cryptocurrency credentials further, HTC initially only made it available to buy with such currency.
More than a cryptocurrency device
However, what else does the handset offer away from the world of crypto? The device features a 6.0" Quad HD+ display with 18:9 aspect ratio, as well as a 12MP+16MP main camera with high-quality zoom functions.
It also includes an 8MP+8MP dual front camera, as well as audio features, including HTC BoomSound Hi-Fi edition and HTC USonic with Active Noise Cancellation. In terms of video, it is capable of 4k and 3D audio recording quality as well as Sonic Zoom with Audio Boost.
Edge Sense 2 is also featured, with the concept allowing users to squeeze the sides of the phone to access different functions.
The Exodus 1 also includes 6GB of RAM and 128 GB of storage.
More to follow?
All of this makes the smartphone a fascinating example of how some technology providers are seeking to embrace the issues of blockchain and cryptocurrency in general across their new systems.
It will be really interesting to see just how successful the Exodus 1 proves to be and whether it could act as a gateway that ultimately brings the idea and concept of cryptocurrency to more people than ever before. Furthermore, it will be intriguing to see if other providers also choose to follow in HTC's direction.
As of Dec 2019, there were more than 3000 formally recognized cryptocurrencies in the world! That means that in less than a decade, over three thousand companies, individuals and crypt ecosystems have been founded.
All of them have been competing with the first one- Bitcoin. When Satoshi Nakamoto created Bitcoin way back in October 2008, no one had expected the cryptocurrency rage to linger for a decade. However, Bitcoin continues to not only corner the market, but also dominate it comfortably with over 70% market share in the entire crypto world.
In this article, we will look at why Bitcoin is superior to every other cryptocurrency out there in the market. In addition, we will also shed some light on Bitcoin's greatest feature- its decentralization.
Why Bitcoin continues to dominate the Crypto ecosystem in 2020?
According to experts, the viability and value of a financial asset is determined by the amount of time it has seen. Now you might say that ten years is not a long enough time to proclaim Bitcoin a success. However, if you look at Bitcoin's competition, you will think that Bitcoin quite an old phenomenon.
Ever since 2011, other companies and tech gurus have experimented with different cryptocurrencies of their own. IxCoin, Tenebrix and Solidcoin were some of the earliest competitors to Bitcoin. All of them came up in 2011. They hoped of taking investors away from Bitcoin. Within a few years, all of them winded up their operations.
Two others, Litecoin and Namecoin also came up around the same time. However, Litecoin continues to enjoy some form of popularity in the asset and investor market.
Why the absence of Satoshi Nakamoto was a boon to Bitcoin's success?
One of the major reasons why people prefer Bitcoin as compared to other cryptocurrencies is because there is no concept of ‘Premine'. Premine essentially means that a previously arranged or specific number of coins will be accrued to the Founder first and then start the networking process.
Many investors who want to associate with the concept of a truly decentralized currency do not want to go in for premine. They do not see any value there. By disappearing Nakamoto ensured two things-
Avoiding extra taxes on cryptocurrencies.
You will notice that practically all major alt coins take some kind of dev fee, maintenance fee, storage tax, etc. This literally translates into the same thing as traditional fiat currency. Why would you want to create a digital/crypto and then burden it with the same moulding of taking transaction fee?
Bitcoin did not do that. This made it a truly one-of-a-kind decentralized currency, which worked between sender and receiver. By not having a central figurehead, every concerned party in Bitcoin will have to create and manage the consensus within the system.
Is Bitcoin's Decentralization going to fuel its success in the future?
The brief answer to this is ‘YES"! In the last few years, especially in 2019, Bitcoin has started showing signs of maturity. The investors in the Bitcoin ecosystem are also showing signs of maturity. In other words, the volatility associated with the hugely profitable bitcoin code is seeing some form of stable investments.
According to many, this signified Bitcoin's coming of age moment. Experts state that 2020 is going to be a great year for Bitcoin. This is because the famous ‘Bitcoin Halving' is expected to happen in May 2020. The year 2029 also saw more and more investors taking their assets out of altcoins and investing them in Bitcoins.
There is a belief that if national governments are going to engage with cryptocurrencies in the future, they are only going to have a dialogue with Bitcoins, and no other cryptocurrencies.
Are you new to cryptocurrency trading? If yes, crypto trading signals will help you a lot. These are a set of instructions necessary for determining what crypto you should buy, what prices you need to set up to stop loss at, and the sell-targets, and price to buy at. They can be considered as trade ideas that will provide you a high probability of making an impressive return.
A crypto trading signal typically contains information such as the crypto to buy, buy-in price, sell-targets, and stop losses. The trading signal will give you specifications in which crypto you should buy lime Bitcoin, Ethereum, Ripple, etc. As for the buy-in price, the signal will help you with the price that you should buy a certain crypto at.
In terms of sell-targets, you will have an idea of the price that you should sell a crypto for you to gain profit. The signal will also help with the stop losses where you will learn how you are going to exit a position to mitigate losses.
Apart from learning the different crypto trading platforms like bitcoineras., you also need to know how you are going to find trading signals.
You can learn more about it here thefrisky.com.
Let's start with the most basic indicator, which is the trading volume. This one will show you the accurate trading activity at a particular timeframe. You can see it as bars on the chart. Although pro traders overlook this signal, you cannot underestimate its ability to give you some of the best trading signals.
The amount of volume in combination, together with price movement, will tell you whether the momentum is waning or increasing. In other words, if you will consider the volume, then you can easily figure out the potential reversal points.
You can utilize mathematical indicators on the trading chart you use. This trading signal can churn out, analyze, and digest data in a readable form. It allows you to make money and beat the markets.
Support and Resistance
If you are looking for a more pedestrian technical analysis approach, then you can consider support and resistance.
Support refers to the price level at which the buying interest is known to be sufficiently strong for overcoming the selling pressure. It also helps in providing upward movement or price stability. While the price is at a support level, it is being supported from falling further.
Be aware that resistance is opposite to support. It represents an area at which the selling pressure can be overcome by preventing, stalling, or buying price advance.
Divergence refers to the separation of two paths or lines. Pro traders always look for divergence with a purpose of getting trading signals that can support their market analysis. There are different types of divergence that you need to be aware of, including:
- Hidden Bearish Divergence
This kind of divergence is where the price shows a lower high. However, the corresponding indicator will show you a higher high.
- Bearish Divergence
In bearish divergence, the price shows a higher high while the corresponding indicator will print you a lower high.
- Hidden Bullish Divergence
With the help of hidden bullish divergence, you will see that the price shows a higher low. On the other hand, the corresponding indicator comes with a lower low.
- Bullish Divergence
When it comes to bullish divergence, you will see that the price comes with the lower low while the corresponding indicator shows a higher low.
The cryptocurrency trading signals above will help you to become more profitable. They are also effective in helping you save time and discover new opportunities. So, before you can make a trade, considering the trading signals is a great advantage.