The Difference Between Bitcoin and Ripple

You may be wondering what are the differences between Bitcoin and Ripple, Bitcoin and Ripple are two very popular cryptocurrencies that have been on the market for a very long time now. These are the two most popular cryptocurrencies on the market today and it is imperative to understand the differences between the two cryptocurrencies if you wish to have an easy time investing and doing well in the market of cryptocurrencies today. That is the reason why we’ve created this quick guide on understanding the differences between Bitcoin and Ripple as cryptocurrencies.

Although Bitcoin is the unrivaled leader in the game of cryptocurrencies, Ripple is steadily gaining value as time goes a long due to the nature of its growing usage and applications towards financial technologies and services, Ripple is now third as of the time of this writing in terms of market cap.

This article will help show you the differences between the two cryptocurrencies.

Bitcoin operation uses a blockchain that is public and supports digital currencies for the transaction of money to purchase things and online services, Bitcoin uses the cryptocurrency indication known as: BTC.

Ripple uses another framework and has it’s own protocol and payment methods, although Ripple is technically spekaing another cryptocurrency (using the ledger XRP and known as the ripple coin), it is in reality mostly a payment system, asset management and a transaction system that works a lot like a bank transferring money through a network of intermediaries and financial hubs (One great example of this in action is the Swift Payment system)

In conclusion, Bitcoin and Ripple are two different cryptocurrencies that are used for different purposes and should be treated differently by investors around the world. Thank you for reading our quick guide on them!…

Preventing Your Bitcoins From Being Hacked Or Stolen, Here’s How

The Bitcoin prices have shot up in the last few years and this has created a demand for cryptocurrencies. They are of great value but unfortunately like the other assets that you have it is much easier to hack or steal Bitcoin from your wallet.

The government is only taking steps to regulate the exchanges that deal in cryptocurrencies. However, there is no protection layer or no agency that is there is catch the thieves.

So it is totally your responsibility to safeguard your cryptocurrency. These simple steps can help you keep your asset safe.

2FA is a must

If your Bitcoin wallet offers a two-factor authentication then make use of it. This is a protection to your wallet where even if someone has stolen your login details he would still need your phone to get the 2FA code.

Make sure that your device is secure

The cryptocurrency can be stolen easily and thus it is the top priority for you as well as for your broker to keep it safe. Like other online dealings, it gets difficult to control the cryptocurrency. Thus when you are dealing with cryptocurrencies ensure that you take extra security and add multiple authentications and use encryption to prevent your wallet from being hacked or stolen

Protect the private keys

The 256-bit number is the wallet key that unlocks your crypto wallet. All the sensitive data is in that key. You will need the private key to spend the Bitcoin and thus you need to ensure that this key is protected well.

Conclusion

Phishing attacks have escalated with the rise in the price of Bitcoin, www.trulycoin.com. The phishers are always in search for Bitcoin private keys and passwords to get access to the Bitcoin wallet. There are also many fake apps of the cryptocurrency exchanges and thus you need to be careful to not fall prey to these thefts.