What Will Happen to Miners After the Ethereum Merge Is Complete

What Will Happen to Miners After the Ethereum Merge Is Complete

Ethereum miners will need to switch course as soon as September, when the network will no longer require miners to validate transactions and create new blocks. They might consider mining other cryptocurrencies or even give up completely. 

After The Merge, the Ethereum miners will no longer be part of the network participants, and they will have to shift their use of the network. The roles of Ethereum miners will now be obsolete, and they are forced to find alternative income streams. 

The sudden change took, in fact, years of research and development, but after The Merge, Ethereum will finally be described as a safer, energy-efficient, and scalable blockchain network. 

After the Ethereum network moved to a Proof-of-Stake consensus mechanism (PoS), it is now that Ethereum miners face a sudden change. Their role effectively ends, and they are forced to look for alternative income streams.

This historical moment for the Ethereum community, known as the “The Merge,” is expected to take place on September 15th, 2022, but might take place even sooner. 

What’s the Ethereum Merge?

The Ethereum Merge is the switch from a Proof-of-Work (PoW) to a Proof-of-Stake (PoS) consensus mechanism. In plain English, a PoS blockchain doesn’t require miners (aka energy-intensive computers) to validate transactions and create new blocks but replies on stakers and validators.  

This will have many benefits, including the elimination of energy-intensive mining. To secure the network, the network will instead use staking.

Over the years, as more applications have been deployed on Ethereum, users have been hit with high transaction fees, low scalability, and even network congestion. But all of these are expected to change in the near future. 

When complete, the Merge will eliminate Ethereum’s high gas fees, improve scalability and security, and provide greater sustainability.

What will happen to Ethereum miners?

Since its creation, Ethereum has relied on GPU (graphics processing unit) rigs to perform the process of Ethereum mining. They are more flexible than the ones used for bitcoin mining, and can be reconfigured to mine other coins more easily. GPUs are used by gamers but can also be used to mine other cryptos such as Ergo, Ravencoin, and Ethereum Classic.

But as Ethereum is being upgraded, all these miners will have to either start mining other coins or give up crypto mining entirely. It’s worth noting that a profitable mining rig costs more than $1,000, and the operation’s success relies on the cost of electricity, which has also gone up dramatically since the beginning of 2022. 

In the past, Ethereum mining was very popular due to its profitability. However, miners will have to switch course and employ their GPUs on other blockchains. While a shift to mining other cryptocurrencies could result in a decrease in profits in the short term, it still represents income for owners of these expensive mining rigs. 

One of the biggest beneficiaries of the switch could be Ethereum Classic (ETC), as some expect many of the Ethereum miners to turn to Ethereum Classic. It’s worth noting that the ETC hashrate has started to rise since July. Some investors might even view Ethereum Classic as a hedge against potential disruptions in Ethereum’s blockchain during the transition from PoW-to-PoS. 

Can Ethereum miners switch to Bitcoin mining? Not really, because the two networks use different mining algorithms. Bitcoin requires ASIC-compatible hardware, which has a higher performance, but it’s also more energy intensive. ETH, on the other hand,  uses a mining algorithm called “Ethash,” which was designed to be ASIC-resistant.

After Ethereum moves to PoS, the most likely outcome is that miners will distribute their rigs among different networks that support GPU mining.

Ethereum Foundation donated to UNICEF to Embrace Blockchain

Ethereum Foundation donated to UNICEF to Embrace Blockchain

The Ethereum Foundation made a donation to the United Nations Children’s Fund (UNICEF) worth $150,000 in Bitcoin and Ethereum, into their experimental crypto fund in October 2019.

Aya Miyaguchi, the Ethereum Foundation Director stated:

“We are still discussing the details on what we can do together, but we have decided to continue support for the next couple of years,”
“I believe a partnership with a group like UNICEF can maximize our impact without shifting our focus from what we still need to do to improve Ethereum as a technology.”

The Kazakhstan branch of UNICEF developed an Ethereum-based internal payment system. The system is used for transferring funds between the UNICEF headquarters and local programs.

UNICEF’s partnership specialist, Oleksandra Gaskevych, stated:

“We can see now clearly it’s operational and it’s great for the organization. So we will continue to work on that,”
“We only have used ethereum so far, for smart contracts. We’re thinking maybe we could test bitcoin as well for digital currency transfers, so we’ll see.”

The system is not fully set yet, as the UNICEF budgets need multiple signatures. But the last touches are being made by the Kazakhstan team. Up to this day, the amount of paperwork required by its operations is overwhelming. A digital process will come much more in hand, and everything will be more transparent and easy to track and follow.

The Ethereum-based system is expected to be fully functional in 2021.

“We can easily adapt it to other Russian-speaking countries in the region,”

Tunisian pilots

UNICEF has also become a partner of SoftBank Investment Advisers (SBIA) and wants to create a system for distributing cryptocurrency.

The co-lead of UNICEF Ventures, Chris Fabian, stated that the crypto fund is starting to fund startups. One such crypto startup is Coinsence, a Tunisian token project which used ERC-20 tokens.

The pilot program for Coinsence has more than 200 participants, in the town of Hammamet, according to its founder, Karim Chabrak.

“There are communities that have no money and a lot of unemployed youth,”
“Communities need to be able to address that without waiting for governments to act.”

The residents of the city, who participated in the pilot program, used the token to pay for services or to offer discounts. The goal is to reduce the unemployment rate and to create productive spending habits. The founder of Coinsence, Karim Chabrak want to create a national association, with a legal framework, to help and support other communities to issue their local token.

Chabrak also stated:

“We heard about bitcoin in 2010,”
“But we are trying to build currencies that aren’t speculative, that are part of the commons.”

These experiments and programs were founded by the Ethereum Foundation. Coinsence received 50 ETH for their pilot program.

The Ehereum Foundation also founded Atix Labs, an Argentinian startup. The funds were used to develop software for the Kazakhstan program.

The Ethereum Foundation approach

With this agreement with UNICEF, the Ethereum Foundation and community is now investing in global outreach, and not necessarily in implementing blockchain solution.

“They’ve made the community available to us for a variety of things,” Fabian said.

UNICEF hopes to find external partners willing to accept cryptocurrency and their teams are now focused on training youth to develop solutions for custom needs of the communities they live in.

Football and blockchain: The new trend of fantasy football blockchain games

Football and blockchain: The new trend of fantasy football blockchain games

Let’s talk about blockchain and football. These two don’t seem to work together, at first, but actually there are more than a few ways we can use the two concepts in the same sentence. This rather new technology has quickly started to be used in a wide array of domains, including football. Today, there is a special branch of gaming called fantasy football blockchain games.  Blockchain is a radical invention that has disrupted the finance industry. In addition, it has great potential in several different businesses, too. And football, or soccer, is the newest among a series of businesses taking steps to embrace blockchain technology.

Apart from offering different methods to play sports, blockchain engineering can also be providing new options to guarantee data integrity (such as scoring) is transparent and secure. The possibilities are quite diverse in using this technology. To sum up some of the situations in which blockchain can help the football industry, we would say tracking of tickets sale, easing the compliance with the GDPR law in Europe, an alternative to fiat/cash in football-related events, public record-keeping.

For individuals searching for new or even more secure approaches to play fantasy football, blockchain tech provides some interesting options. Some are functional, others are just announcing their development, while others are constantly postponing the launch. So what are the most sought after fantasy football blockchain games? After some internet digging, we came up with this list. Let us know what we should add, as we are always trying to keep fresh all data we present on digitaltokens.io.

Let’s take a look at the companies what we found so far to be uniting the two industries.

Bitcademy

What is Bitcademy? Bitcademy is a decentralized platform, which promises to offer tech solutions to the current football industry.

They aim to become an industry standard, by turning to tokenization of gamers and decentralization of the marketplace.

Football and blockchain: The new trend of fantasy football games bitcademy

The  services available at the marketplace are:

  • Talent management
  • Football players stats
  • Trading player tokens
  • Predictions

Bitcademy is a strong believer of the blockchain technology and the impact it can have in football. They recently stated in a medium article:

We will continue to push the market towards modern football solutions because we believe that player tokenization and market decentralization is the only way to go for the future.

Blockchain Football

Blockchain Football is a work in progress project, with non-fungible Ethereum tokens, which represent collectable football player cards.

The scope is to create a new ecosystem, in which the player can decide what role to have: Manager, Agent, Sponsor, Punter. This is the game in which virtual teams play using real stats from the players. Since this is using an Ethereum ERC-721 Non-Fungible Token (NFT), you will need to install  MetaMask on Chrome, and it will not work on mobile devices.

CashBet

A next generation solution designed to improve the gaming experience for players

This is the first phrase Cashbet uses to describe themselves.

CashBet is a new generation of monetization platform for social and mobile gambling.

It is a modular game system, comprehensive, and fiat-and-cryptocurrency prepared. They offer everything from back-of-house solutions to customized apps.

Last year, Arsenal signed a sponsorship deal with CashBet, with the aim to promote CashBet’s Initial Coin Offering (ICO) at the 60,000-seat Emirates stadium. This deal was regarded as the first time a major global sporting team has officially partnered with a cryptocurrency company.

CashBet said it is “actively targeting a global, multibillion-dollar marketplace of i-gaming content providers, operators and players”.

CoinDeal

CoinDeal is a cryptocurrency exchange, launched in 2018. They brag to be one of the best exchanges in the world, considering their daily volume, which is stated on CoinMarketCap. CoinDeal offers over 40 trading pair and users have the possibility to vote for their favourite crypto to be added to the platform.

Football and blockchain: The new trend of fantasy football games bitcademy

CoinDeal has just entered into their 2nd year of partnership with a Premier League team. After a successful 12 months with Wolverhampton, CoinDeal has now become the first permanent sleeve sponsor upon the club’s promotion into the Premier League.

The company will be the first in their country to host a Premier League club and also have seen a rapid increase in interest and habit since connecting with Wolves.

Crown League

Crown League is a US-based fantasy football project, in development, which strives to bring a decentralized American football platform for fans who lack ownership. Basically, this platform will somehow add the missing link between fans and football teams and players. It is advertised to be the “world’s first professional fantasy football league”, built entirely on blockchain.

The platform was due to launch this season. However, they have postponed it for next season. To add some sarcasm to the situation, how can this be the first platform of its kind, when it wasn’t even launched? Sounds more like a PR agency than an actual blockchain project.

eToro

eToro was founded in 2007 and is a global multi-asset investment platform, easy to use, with a database of over 6 million users. The platforms provide tools to invest in and create a portfolio with cryptocurrencies, stocks, commodities, ETFs and more.

The eToro system has two unique instruments, which ease the trade of cryptocurrency: CopyTrader and CopyFund. CopyTrader is an advisable tool for crypto newbies, who aren’t certain what crypto to select for investing. It unlocks access to best dealers’ strategies an assists beginners to analyze and gain their private trading experience. CopyFund, allows more experienced users to diversify their portfolio instantly, leveraging the ability of artificial intelligence.

etoro premier league clubs

Recently, eToro announced its second year as their biggest sponsor of six Premier League teams: Southampton, Tottenham, Crystal Palace, Leicester City, Aston Villa and Everton.

Fantastec SWAP

Remember those collectable albums we had as kids? Now, it’s all digital and on the blockchain. the aim of the game is to complete all the clubs’ albums. This is done by buying collectable packs and swapping them with others, hence the name of the game, Fantastec SWAP.

“Collect your favourites” is the headline of this digital collectable blockchain platform. Every new football season, new collectables are added, “featuring player autographs and exclusive content.” The game is available exclusively on mobile platforms, iOS and Android.

This seems to be a game for football team fans, players and collectors. They developers promise they will sign more partnerships in the 2019 season, and users of the platform will have the rare chance to collect new football player cards, autographs and more.

The game lists the logos of 3 prestigious football clubs from European leagues on their homepage: Arsenal, Borussia Dortmund and Real Madrid.

The blockchain on which the entire platform is built upon will ensure that transparent and secure trades are made, while the available pack are drawn fair.

Fantasy Manager Football 2019

Fantasy Manager is a mobile football simulator.

The users are the managers and you can choose your team, using real-life players. The stats of the players are based on real-life players. The game is available only on mobile platforms, iOS and Android.

Fantasy Manager Football 2019 is developed by From The Bench, who claims to be the biggers sports game developer in the world, “with the biggest official franchise of football clubs as well as official licenses of the NBS, NFLPA and MLBPA.”

PRO Football Supervisor 2019 Cup brings you the very best experience of true performance with the greatest soccer player rosters by engaging a leading manager and battles coming from all football fans globally. Contain Cristiano Ronaldo, Diego Costa, Bacca, Higuain, Griezmann, Bale or even Neymar in OFFICIAL CLUBS like Juventus, Chelsea, Real Madrid, Barcelona, etc on your roster. Start developing your livelihood of football manager and reach the best in this sport game by winning matches.

Download PRO Football Supervisor 2019 Cup, trainer in the true league at no cost and direct a formal group in this soccer game! Handle your favourite clubs utilizing the very best approach and be the ultimate winner! Are you going to visit Russia to score a winning goal?

FootballCoin

FootballCoin is a daily fantasy football blockchain game, that includes 11 of the top leagues. Players are judged on their real performances and winners are awarded XFC cryptocurrency for their knowledge.

FootballCoin is not just another fantasy game, but it’s the first game built entirely on blockchain. There is a major difference between blockchain games and crypto games and FooballCoin proudly represents the first category. DigitalTokens team considers this to be an important milestone in the blockchain adoption process by the mass, as FootballCoin is clearly one of the top fantasy football blockchain games.

footballcoin Football and blockchain: The new trend of fantasy football games bitcademy

FootballCoin promises real winnings, real-life stats, collectables and manager experiences. The game uses crypto to run its own economy, and they used their own blockchain, where anyone can check the transactions of the game’s cryptocurrency. All the major European leagues are featured in the game, as well as the Chinese and American ones.

FootballCoin is a rather complex game, that uses collectable cards for each footballer, and depending on their real-life stats, some are ranked higher and are in limited number on the blockchain. These collectable cards are regarded as assets, which can be traded or sold inside the game. The cryptocurrency used within the game is also available for trading on different cryptocurrency exchanges, such as CoinDeal.

The key points FootballCoin takes pride in these 3 key points: free to play, positions itself as a blockchain game and it has a reality-based scoring system. And by using your football knowledge to create football teams using real-life footballers, you will earn real crypto which you can use to buy collectables or exchange for other cryptos or sell from fiat.

FottballCoin is playing big and acts in real-life too, and earlier in the 2019 football season, FootballCoin has become one of the sponsors of a top team from the Romanian football league.

FootballStars

FootballStars is a free football manager game, with 2 different play modes, which take football fans to a new level.

Divided into two fully functional modes – Challenge-Mode and Manager-Mode – Football-Stars offers whatever football fan hearts desire. While the Challenge-Mode lets users face new challenges with their self-assembled teams on a daily basis, Manager-Mode users manage their individual teams to fight for the title over the course of an entire season. Both modes are based on the football players’ real-life performance data, which are being tracked through our data provider, “Opta”.

FootballStars Football and blockchain: The new trend of fantasy football games

FootballStars brags to have the rights for using the official photos and logos of the Bundesliga but also featured the top 5 leagues in Europe. The game is free to play, and the coins won in the game can be ultimately exchanged for amazing gift cards or other products.

Football-Stars is incorporating blockchain technologies to deliver token-based interactions, through the STRYKZ token (the token of the founding company), to its own platform.

Soccer Manager

Since 2018, Chimaera, the self-proclaimed first blockchain gaming platform, has entered a partnership with Soccer Manager to build a blockchain football management game.

The Chimaera blockchain functions as a decentralised gaming backend that’s scalable, secure, and trustworthy. They stated:

Play-to-Earn gaming will make freemium gaming as we know it obsolete. Players are no longer burdened to keep shelling out money the further they progress in a game. The opposite is true- the more they play, the bigger the earnings.

Football and blockchain: The new trend of fantasy football games

The game features League and friendly matches as well as tournaments. Players can also challenge themselves directly and compete against each other, in the quest of SMCs (Soccer Manager Coins).

Socios

Becoming more than just a fan of your favourite football club or player, is what Socios is all about. The app aims to give a voice to the true fans of football and let them vote and decide on club matters. Socios doesn’t look like one of the fantasy football blockchain games you’d expect, but it promises to involve football and blockchain, and hence, its appearance on our list.

Socios calls it making an impact:

When you own Fan Tokens, you join a pool of supporters whose collective decision-making power is absolute. Our partner teams will seek your input on club matters by running binding and non-binding polls – binding poll results are an instruction which clubs agree to follow.

Football and blockchain: The new trend of fantasy football games

Other milestones are highlighted on their homepage, such as rewards, leaderboard, games, market place, and a fan shop. So far, Socios has become partner with some prestigious European clubs: Paris-Saint Germain, Juventus, West Ham United, AS Roma and Atletico Madrid. They have also partnered with an e-sport team, OG.

 

SportyCo

SportyCo is a decentralized sports investment platform, who has recently become an official sponsor of RCD Espanyol. The investment platform is supported by footballers like Roberto Carlos and Ronaldinho.

SportyCo believes that each and every promising athlete deserves the chance to pursue their professional career and each little investor hass to have the ability to back an athlete they believe in. Why is this shift necessary?

The up-and-coming athletes at the beginning of the pro careers face a good deal of issues associated with financing their training and involvement in events throughout the world. Additionally, many sports clubs and other sports businesses cope with acute financial and liquidity problems. That is why SportyCo makes a direct appeal towards investors and athletes

SPF Token is at the base of SportyCo’s ecosystem. The blockchain-based system is supplying the best, most secure, and transparent crowdfunding mechanism.

Football and blockchain: The new trend of fantasy football games

Each crowdfunding effort on SportyCo’s system is going to be recorded in SPF Tokens. SPF Tokens are also used to buy extra services which SportyCo provides to athletes, sports clubs, investors, and other participants at the ecosystem.

From a technical standpoint, SPF Token is an ERC20 compatible utility token and it is currently listed on several cryptocurrency exchanges.

 

SUPERBLOKE

SuperBloke is a Korean start-up, build on blockchain, that collects and grows football players.

How Blockchain technology can bring new kind of fun for football fans?

According to SuperBloke, a user can grow a footballer from rising star to superstar level, which is based on real-life match stats and can also compete with other users. Basically, users can train and build their own digital version of real-life footballers by collecting digital player cards using real-life match stats and in-game training.

This is all done via the blockchain-powered collectable dApp “FC SUPERSTARS” where users can hold these player cards as digital assets. After a footballer’s growth is completed, “it can be registered on Ethereum Blockchain and become a digital asset.”

Football and blockchain: The new trend of fantasy football games

Earlier this year, Superbloke announce that it will be Manchester City’s official blockchain-based Gacha partner in Korea, Japan, and Southeast Asia.

There are many online games related to popular sports like football have been concentrating on virtual players which the user trains and builds his team. But this is different because it is based on real-life stats and events. Is SuperBloke one of the fantasy football blockchain games? We would put it in the collectable assets category, but it’s pretty close to what we were looking for.


The list of fantasy football blockchain games is meant to bring together today’s top applications and projects. We are constantly looking for new projects to add to the list, so feel free to email us ([email protected]) if you know of any suitable project which is not yet listed here.

33 Cryptocurrencies Described in Four Words or Less

33 Cryptocurrencies Described in Four Words or Less

Bitcoin, Ethereum, Ripple and Litecoin which are the major cryptocurrencies have been good and bad investments. It has been a good investment for all those who have purchased them early and sold them in their high times, at the end of 2017. It has been bad for all those who have purchased in the all-time high and sold it in the recent week when the prices dropped down. The investors who have taken the risk during the dip can be richly awarded for their bravery and patience.

But this the past about these currencies, what can the future be? Are they good or bad investments?

Few economists see cryptos as a more technological invention than a quick to get rich scheme, if someone plans to invest in crypto then they should invest in the technology behind it because it is a technological revolution which has the potential to disrupt the fundamental aspects of the global financial systems.

Bitcoin, Ethereum, Ripple and Litecoin are the major cryptocurrencies right now.

Bitcoin is one of the most battle-hardened networks at present. It is one such cryptocurrency that can be relied upon and with its lightning network in the early stages, great things are coming. Bitcoins correction at present is due to many extraordinary market pressures and can hold value for now.

Ethereum is considered as the general purpose scripted blockchain which is found by the greatest minds of the present generation. It has the potential to one day rival Bitcoin. Ethereum took a large correction after the major market moves with high profile ICOs and is facing pressures from Bitcoin.

Ripple though is not truly decentralized but is lightning fast, it has the power to improve on the legacy banking systems and also help the streamline money transfer internationally.

Litecoin which is Bitcoins younger brother is the first true Altcoin that does not offer any technological developments over the protocol of Bitcoin. But it is likely a permanent fixture in the crypto world for many years yet to come.

33 Cryptocurrencies Described in Four Words or Less

In the meanwhile, the value of some lesser known tokens and altcoins can get the potential to fizzle out and certainly, the big players can see a surge in value before it’s too long. So it always doubtful about investing in cryptocurrencies because, if the investment is the speculative gamble for the user then it has the potential for short term gains or losses. But on the contrary, if the investment is a well-disciplined, strategy, academics and diversification for maximum returns, then it is closer to a game of roulette than to investment.

Investing with the major cryptocurrencies can be a risky game for the speculators than the investors, who can afford to lose a part or all the invested funds. If these cryptocurrencies can bring you huge profits, they also carry one more thing and that is to lose money. The predictions won’t always be right. None of them truly knows what is going to happen with the price of cryptos. It is always important to know which strategy works the best and also a good understanding of what makes a good investment.

33 Cryptocurrencies Described in Four Words or Less

The following infographic on 33 Cryptocurrencies Described in Four Words or Less is developed by our friends at Mrbtc.org, check out the infographic and let us know your thoughts.

The best cryptocurrency exchanges for beginners (updated 2020)

The best cryptocurrency exchanges for beginners (updated 2020)

Beginner exchanges are exchanges that offer a simple way to buy bitcoin and other cryptocurrencies, with as little confusing jargon and setup time as possible. Here are 6 cryptocurrency exchanges that are fairly easy to use by a new cryptocurrency investor.

Coinbase

Coinbase is one of the best options for a new crypto investor. Coinbase is the best-known cryptocurrency exchange in the US. It is the simplest and easiest on-ramp for crypto beginners.

Coinbase is the most trusted place for all things crypto.

It allows you to deposit fiat and crypto, offers a small variety of crypto (Bitcoin and Ethereum included) and has never been hacked before! As for security, you can activate the two-factor authentification and it is available in 100+ countries around the world (January 2020).

coinbase best cryptocurrency exchange

As any entity operating with fiat, there will be some fees, especially for deposing fiat. Coinbase Fees vary based on location and amount.

The user interface is intuitive, and the design is clean and simple. You can link up your bank account or pay with a card. There’s also a deep library of guides and explainers for newcomers.

Coinbase has a limited choice of cryptocurrency options to keep things simple. However, they consider the addition of more altcoins.

As for security, Coinbase stores 98% of customer funds in cold storage, in safe deposit boxes and vaults around the world, making it relatively secure. The remaining 2% is insured in case of hacks.

Lastly, there’s a handy mobile app to buy and sell cryptocurrency on the go.

Get started on Coinbase.

ShapeShift

Shapeshift is a crypto-only exchange. You can’t buy cryptocurrency with dollars or euros. You can only trade between cryptocurrencies. However, due to its simplicity, we still recommend it for beginners.

The crypto offer is vast, and you can trade anything for anything and it is available all over the world. Make sure to switch on the two-factor authentification, in case of a future security breach. The exchange rate shown is exactly what you’ll receive, minus only the “miner fee.” There is no exchange fee, or service fee.

Shapeshift best cryptocurrency exchange

ShapeShift allows you to transfer currency between addresses of your choosing, rather than between accounts on its platform. It means ShapeShift doesn’t hold any customer deposits, making it relatively safe.

ShapeShift has been hacked three times, which all occurred in the same month due to internal sabotage. The exchange was extremely transparent in what happened over the hack, with the CEO going so far as to write a blow-by-blow explanation of what exactly happened.

Get started on ShapeShift.

Gemini

Gemini was founded by the Winklevoss Twins. It’s a US-based exchange noted for being a licensed platform (Regulated by NYSDFS). Gemini gained headlines in 2019 by announcing full insurance coverage for funds on its exchange and in custody.

We believe that crypto investors deserve the same protections as investors in other asset classes, so we’ve built a rules-based marketplace with security at its core.

They operate in all U.S. states except Hawaii. Other countries in which they operate are Canada, Hong Kong, Singapore, South Korea and the U.K. Gemini has never been hacked before and the few selected trading pairs are perfect to start your journey as a crypto investor.

gemini best cryptocurrency exchange

Gemini and the Winklevoss Twins pride themselves on being fully compliant and working within existing regulations. As such, there’s a decent amount of safety from fraud and insurance coverage on this exchange. Of course, that comes at a cost: handing over a lot of personal information.

Gemini offers a decent chunk of volume, though few trading pairs compared to other exchanges. Security wise, aside from the standard 2FA, withdrawal address whitelisting is a welcome sight.

The Gemini app is also slick and easy-to-use for beginners.

Get started on Gemini.

Changelly

Changelly is a crypto exchange similar to ShapeShift. It is address-to-address so Changelly never holds your funds. You can exchange crypto to crypto or fiat to crypto. A vast number of trading pairs are available.

Changelly is a cryptocurrency exchange with the most favorable rates and the fairest terms.
Your exchange has never been so smooth.

Changelly accepts users from any country in the world. As well, they will accept payments in any currency, but it will be converted to either the Euro or USD. They have never been hacked before and it supports two-factor authentification. There is a flat fee of 0.25% for each transaction made via the service.

Changelly best cryptocurrency exchange

There’s a simple frontend for buying bitcoin and converting it to whatever cryptocurrency you would like. Much like ShapeShift, Changelly transfers happen between addresses you own, rather than between accounts that the exchange controls.

It’s super fast and efficient. There’s a mobile app too for making transactions on the go.

Get started on Changelly.

Luno

Luno offers a great platform for African and European traders looking to get started. Alongside their exchange, Luno offers a wallet service with a companion mobile app. The exchange has been around since 2013 and has never been hacked, giving it a fairly solid reputation for security.

Luno makes it safe and easy to buy, store and learn about cryptocurrencies. Upgrade your money today.

Luno supports fiat/crypto exchanges on a few selected pair, which will be fairly easy to use by a new crypto enthusiast. They have never been hacked before and the platform supports two-factor authentification. Fees Maker / Taker. Makers fees are a flat 0% and takers fee range from 0.20% to 1.0%.

luno best cryptocurrency exchange

It’s designed to be as simple as possible, including an “instant buy” feature.

Get started on Luno.

Coinmama

Coinmama is a good choice for those looking to buy crypto using a credit card or other fiat sources. Coinmama is a broker so you’re buying directly from the company itself which makes transactions fast.

Trusted by over 1,800,000 people across 188 countries since 2013

However, there are some things to be aware of. Coinmama is “buy only” so you cannot sell cryptocurrencies on the platform. There is also no wallet feature on the exchange, so you need to withdraw directly to a wallet. This is no bad thing as keeping your funds on an exchange is risky, but you will need a wallet set up first.

Unfortunately, Coinmama’s simplicity is offset by the incredibly high fees charged for every transaction. Coinmama’s market rate is based on the XBX + 2%. In addition, there is a commission fee of up to 3.90%.  For credit/debit card transactions, there is an additional 5.00% processing fee. This fee will be added after choosing your method of payment.

Get started on Coinmama.

We hope you have found the best cryptocurrency exchange that works for you. And if you ever decide you are serious about the cryptocurrency world, then remember there are ways to earn free cryptocurrency and Bitcoins.

Crypto adoption through games: How do blockchain games work?

Crypto adoption through games: How do blockchain games work?

Blockchains provide a useful tool for gamers for various reasons including decentralized asset exchanges, verifiable scarcity of virtual objects and collectables, fast and secure payment networks, and the ability for developers to properly monetize their creations. Gaming is a transforming industry, which many believe that it will ease the adoption of crypto. So how can crypto adoption through games work?

One of the most apparent benefits of cryptocurrencies for gaming is their utility as fast and secure payment networks. The payment benefits of cryptocurrencies are especially useful for eSports, creating native in-game tokens, and driving seamless transactions on decentralized exchanges.

Remember that blockchain games are different than crypto games. Most online sources confuse the two, labelling all games with a cryptocurrency as blockchain games.

The search for solutions to providing sustainable and fun blockchain-based games has led to some exciting innovations in blockchain scalability and asset creation.

Bitcoin Games Grow into Blockchain Games

Although Bitcoin was slowly and surely being integrated into many low budget games, and although it was booming within the gambling sector, purely blockchain-based games, which relied on the technology itself were absent and still lagging far behind.

Booms and busts wracked the price of Bitcoin and various scandals such as the collapse of Mt. Gox slowed development and innovation, as it significantly tarnished the image of Bitcoin in the short term and created anxiety around delving too deeply into crypto-based technology. But is this enough to contribute to crypto adoption through games?

Blockchain game features

Gamers were some of the early adopters of cryptocurrencies as they were already familiar with many in-game virtual currency models and saw the benefits of integrating cryptocurrency networks into the domain. The eSports industry is booming, and it is only a matter of time before its rise is meaningfully coupled with cryptocurrency payment systems and decentralized models.

The blockchain is ideal for hosting games for a variety of reasons, including the fact that it is easy to represent fungible and non-fungible assets in the form of tokens. These can be game characters and other digital assets, for example, 3D role-playing heroes and items, such as weapons and armour in CryptoFights. Other fantasy football games, like FootballCoin, offer collectable football players and stadium cards.

Another reason for gaming on the blockchain is the decentralized and transparent nature of the underlying platform, which has the potential to convert gaming in a fair and open process. After all these past accomplishments, games are getting into crypto, because crypto adoption through games is the next step.

One of the earliest games that did find some success within the Bitcoin game space, however, was Dragon’s Tale, launched on July 12th, 2013, by eGenesis.

Dragon’s Tale is still ongoing and still using Bitcoin but in a more simplistic, raw way. Within the game, players can spend and use Bitcoin to perform various microtransactions, while at the same time, capable of withdrawing their in-game currency, thus creating a real-world economy for their player base.

Traditional video games continued to struggle to find a home for blockchain games, but one sector of the “gaming” economy had little to no trouble at all in adopting Bitcoin as a close partner.

The gambling sector, most notably online poker was under intense pressure via various sanctions and laws that outlawed US citizens from partaking and making bets with real-world currency.

Obstacles Facing Blockchain Gaming

The primary obstacle facing the intersection of blockchain and gaming for most games which are based on the Ethereum platform is very clear, scalability. The same problem that is facing the broader industry is inhibiting the sustainability and actual usefulness of current blockchain-based games.

DappRadar is an excellent tool for evaluating the activity of decentralized applications built on top of Ethereum and demonstrates a glaringly obvious lack of users for blockchain games and decentralized asset exchanges.

While still in the early stages, the trend represents an overall lack of sustainability for blockchain-based games at the moment. Gas costs on Ethereum can be prohibitively high during times of network congestion, and many once hopeful gaming dapps have fallen into obscurity after launch.

Centralized games and gaming platforms have clear advantages over blockchain-based games right now. However, interesting hybrid solutions such as Ethereum-based Gods Unchained may provide some insights into how centralized and decentralized models can be combined.

Gods Unchained runs on a centralized server and is powered by Unity, indistinguishable in gameplay from the majority of games today; however, the cards are non-fungible ERC-721 assets on the blockchain that can be traded in decentralized marketplaces.

Another problem resulting from scalability limitations is the current scope of games that can be created on a blockchain network. Slow network speed and lack of developer activity have led to many games being simple iterations of popular mobile games or collectable-focused games. This is by no means a long-term problem though as some fascinating projects such as Decentraland focus on creating three-dimensional worlds and games are beginning to shift towards more ambitious goals.

Blockchain Games Find their Stride

For the developers of CryptoKitties, the timing of the launch of their game couldn’t have been better. Bitcoin was reaching new highs daily, and interest for anything Bitcoin-related was exploding.

This simple game, although humorous as it is, was actually quite groundbreaking and history-making, as it was the first major breakout game to be based on the blockchain technology, unlike most of its predecessors, which merely incorporated the Bitcoin “currency” into their gameplay via microtransactions.

This blockchain game allowed users to create, breed and collection CryptoKitties, which they 100% owned and were based on the blockchain. This meant that they could be transferred and sold to others who had an interest.

Essentially, these cats were and are their own form of cryptocurrency. Which means they have tangible and real value.

How much value, you ask? That depends on the CryptoKitty in question. Prices vary from basically worthless to over $100,000. Crazy, I know.

Blockchain Games Are Here to Stay and Help Crypto Adoption

Currently, the only thing slowing down the rapid expansion of Bitcoin and blockchain games is the current setbacks affecting the price of Bitcoin and cryptos in general. Confidence has sagged in tangent with their crash in prices over the course of 2018.

One main reason so many big companies bet on this blockchain games is also the appeal they play in front of the mass population. Some of them will help their users earn free cryptocurrency, while others can help you expand your crypto fortune.

However, the blockchain technology is here to stay and like Pandora’s box, once opened, it can never be put back in again. The possibilities are just too vast and too powerful.

Blockchain games are going to continue to rise, as developers find new and unique ways to apply this revolutionary technology, making it work both for them as a business and the consumer. No matter what, the technology will model the industry and will contribute to crypto adoption through games.