All posts by Alan B. Zibluk

Search Engine Optimization Strategies

seo strategiesSearch Engine Optimization Strategies. Search engine optimization

Refers to any efforts that are required to try and get your web site into the top rankings of Google (and others) search engine listing results when someone searches for your "keyword phrases". Everyone loves successful search engine optimization, because you can get lots of traffic…and…it's free!

The problem is, that no one really knows how Google decides where to rank your site and when it will show up. Any expert that tells you that they know exactly how Google's ranking works and/or guarantees that you'll get into the top spots (for a fee, of course), is being less than truthful.

Even so, there are proven techniques that you can employ to get your site into the top of the listings. We believe in being very transparent about what we're doing and why we're doing it, so we'll show you exactly what we're doing, and why it helps to skyrocket you right to the top!

Business owners have big challenges when it comes to search engine optimization:

Often, Google doesn't even know their site exists (this is VERY common). Even if Google does know about their site, it never shows up in search engine listings. Even if their site does show up in some kind of search, it's hardly ever the "keyword phrase" that the owner would like. It's very important to get the right one. Even if the owner could dictate to Google what keywords to show the site for, most business owners don't know which words and phrases are the money makers! All is not gloom and doom however!

With a little help, you can start to overcome all of these issues. Mainly open your Webmaster Tools Account and make sure your site is or can be indexed . Discover how you can gather more leads using driven traffic. Build an online business, generate leads and increase sales.

Let's face it, search engines must be able to "View" your site; and correct search engine optimization delivers search engine position allowing people to find your site and then the products you sell. Internet advertising produces Website Traffic for your business and the importance of delivering traffic and business prospects for just about any business cannot be overstated.

One of the most important additional of traffic generation is that extra traffic enhances your lead gathering function making sure relevant prospects buy from your business.

It is useless just building traffic for the sake of it unless it produces sales. That's why we focus on different web site traffic packages so that the benefits may be measured. And all our systems measure and report to you the effect of the traffic sent to your site. And you want real visitors not web bots pinging your site to record a visit.

Because so many other businesses have been disappointed by their Internet marketing results, particularly in relation to their costs, Markethive.com have endeavored to remain vendor-independent and open minded about the strategies that we design and employ for our customers.

You must have more than a valid email address and phone number on your business card. You need a high traffic site with products to sell and – create the environment for and desire for the prospect to buy from your product catalog.

After all the suspect is the person who originally responded to your web site traffic, flyer, mailing, newspaper advertisement or some other means you employed to capture their attention or original information. The important thing here is, has enough interest has been sparked in the lead to respond back to you.

Another very important question also arises here is; did the promotion material that caused the original response and subsequently the enquiry to your website fulfill its intended purpose. In other words; did the information you supplied that elicited the response from the suspect, was it relevant to your business or are you getting leads from people who misunderstood your message.

When does this Google madness end?

Nobody knows. Everybody is on board though trying to grab whatever piece of return they can from Google Organic results. Hey, it’s free, what else do you want? If you are a business owner who has jumped into the online waters, I’m sure that you are frustrated as hell hearing a million ideas and million methods from a million people. And you also know that there’s no such thing as “free advertising” in our world, at least not yet. So until then, you might want to keep on reading.

“The secret to SEO”. This is a boring title basically because of the fact that it sounds like a generic get rich theme that we Americans are subject to on a daily basis. So all you business owners and work from homers must listen to me.

THERE’S NO SECRET TO SEO.

It’s very basic and I’m sure you have read this in a lot of places; it’s content. But many sources fail to mention that it has to be relevant content. I tell each of my clients the same thing and it has 3 major clauses;

1- Original Fresh Content
2- Popularity of your site
3- Maintenance
4- Existence

Original and Fresh Content is not as easy as it sounds.

We are talking about unique information that will move people to your site. See, the problem with many companies showing up on the top page today is that their pages are optimized for Google with a combination of nonsense sentences and keywords. So, my approach is, why not build a website that actually is optimized for humans? When you do this, you are automatically taking care of the optimization for Google. Come on people, we all know that Google has game and they’re increasing their technology every day finding ways to get rid of this “optimization” deal. Google is always on the side of the users and never the advertisers keep that in mind.

Guess what, once you have original and fresh content, people are going to want to visit your site and link to your site. Hey, we just took care of Popularity as well. I’m not saying you do not have to work on the link exchange thing but I promise that it will be minimal. Also you want to stay away from link farms, link exchange offers and paying for links. So I hear that question, how else am I going to bring links to my site?

The answer is content. Write articles, submit it to article sites. Prepare a PR, submit it to Prweb.com. Believe me; all these will bring links to your site. All you have to do is, mention your website at the end of these articles and make sure you link to your site with your advertised link text.

Now you are thinking, “That’s it; I have the content and the links, I’m the king of Google”. That would be wrong. Always remember that while you are doing content and popularity, there are a million competitors doing that and more. So you want to Maintain your content. You want to update it every week so every time Google spiders come to visit your site, they find new useful information. Keep up with daily life and updated news. For example, if you sell farming supplies and the price of grain goes up, you should write an article and put it in your site. Also publish those articles on other articles sites. You can find these sites easily with a “article submit” search on Google.

And the last but not least would be Existence.

I don’t want to get all philosophical but you have to have some type of existence online. Try to search for your company name on Google and see how many results you get; that’s your existence. You could also name this one “Brand Recognition”. You want to increase that so when somebody searches for farming supplies, they must see your name. You can do this easily by writing articles and Press Releases on a weekly basis. The more you write, the more circulation you will get. If you have a great piece of article or information, acquire a list of media outlets such as local and national newspapers, and fax it to them.

They just might bite pick it up. Always remember to include your website at the end as a source and you might have yourself a million dollar making, traffic getting website, Google top ranking website !!!

Tuneup

Alan Zibluk Market Hive Founding Member

Bitcoin hits record high after developers call off plans to split digital currency

Bitcoin hits record high after developers call off plans to split digital currency

  • Bitcoin was scheduled to upgrade around Nov. 16 following a proposal called SegWit2x, which would have split the digital currency in two.
  • However, more and more major bitcoin developers dropped their support for the upgrade in the last few months.
  • Developers behind SegWit2x announced Wednesday they are calling off plans for the upgrade until there is more agreement in the bitcoin community.

 

Bitcoin developers call off SegWit2x upgrade, avoiding hard fork  2 Hours Ago | 00:49

Bitcoin jumped Wednesday after the developers behind an upcoming split in the digital currency through an upgrade called SegWit2x announced they were suspending plans for the upgrade.

The digital currency hit a record high of $7,879.06, according to CoinDesk. Bitcoin gave up much of those gains Wednesday afternoon to trade near $7,212 after hitting a session low of $7,078.96.

The SegWit2x upgrade was scheduled to take effect around November 16 in an effort to increase the speed and cost of bitcoin transactions. However, more and more major bitcoin developers dropped their support in the last few months.

Bitcoin in the last 24 hours

Source: CoinDesk

"Our goal has always been a smooth upgrade for Bitcoin," a group of leaders in bitcoin development told members of the SegWit2x mailing list Wednesday. "Unfortunately, it is clear that we have not built sufficient consensus for a clean blocksize upgrade at this time. Continuing on the current path could divide the community and be a setback to Bitcoin's growth. This was never the goal of Segwit2x."

As fees rise for bitcoin transactions, the developers said they hoped the digital currency community could find agreement on how to solve the problem. "Until then, we are suspending our plans for the upcoming 2MB upgrade."

The statement ended with the names of six major figures in the bitcoin business community:

BitGo CEO Mike Belshe, Xapo CEO Wences Casares, Bitmain co-founder Jihan Wu, BloqInc co-founder Jeff Garzik, Blockchain CEO and co-founder Peter Smith and ShapeShift CEO Erik Voorhees.

For most of this year, investors have had a negative view on bitcoin splits out of uncertainty over the digital currency's future. However, since bitcoin rose to record highs after its August split into bitcoin and bitcoin cash, investors began betting that subsequent splits would send the price of the original bitcoin higher. Investors at the time of a split also technically receive an equivalent amount of the offshoot currency.

Bitcoin cash traded mildly higher near $619 Wednesday, according to CoinMarketCap. Another digital currency, ethereum, rose about 4.5 percent to $307.55, according to CoinDesk.

Chris Corey CMO MarketHive Inc

Author: @chengevelyn

 

Alan Zibluk Market Hive Founding Member

Low Cost Website Promotion…Why Not?

lowcost website promotionLow Cost Website Promotion…Why Not?

Can you ever avail of   low cost promotion? Is that even feasible? Of course yes! Nowadays, your baby website can amass huge traffic in no time thanks to   low cost promotion. How does low cost website promotion go anyway? What are things to be done?

1. Enlist your website.
Look for the hottest Internet directories and enlist your site there. This is the easiest and most effective low cost promotion tactic. Start with this step and the rest of the good things will follow. Just don't forget to prep your website and make it all spruced up for a higher chance to get accepted in your directory of choice.

2. Know your forums.
One reason why forums are created is for low cost promotion for everyone. Log in, post actively, let the Forum know about your site in every post and you will attract instant visitors right there. Forums use the power of business to create a better world through various Forum Platforms, while trying to improve their membership engagement, their employee recognition and helping the communities serviced by a very active Forum.

3. Write a press release.
Release your writing prowess and start up a press release that advertises your site! This is a   low cost promotion tactic that you can do anytime. Type a brief paragraph or two and email it to your friends, colleagues, internet e-zines, newspapers and other media and massive traffic will come to you pronto! See also companies that specialize in press club writing and submission services

4. Be friendly online.
  Low cost promotion means you need to be friendly to other webmasters. Why, you ask? So they can link you immediately! Establish contacts and never tire of link requests and exchanges.

5. Write an article.
Say, your website is about your travel agency. Write an article about the perks of traveling or the hottest travel spots in the world. On the concluding paragraph, mention your website in passing. This article works as an advertorial and doubles as a   low cost promotion approach. Content is king. You can say that again. That is why writing articles is one of the most utilized Internet marketing media today. Internet surfers just can't get enough of information on various fields. Providing information through these articles is a surefire way to drive hot traffic to your web site.

6. Just let the whole world know about your site.
What is low cost promotion without the word of mouth? Insert your website, its URL and features in daily conversations and let the good news spread from one mouth to another! Improving your reputation as an Internet marketer you plainly display your products on your website, you will not gain much conversion rate. Conversion is when your traffic converts to sales. You have to show that you are knowledgeable on your field. And what better way to show that than by writing articles that will allow you some bragging rights, right?

7. Make a banner ad.
Banners are probably the most common form of advertising on the Internet today. The reason behind this has to do with their randomness and prevalence throughout the cyber highway. Banners are not intended for target audiences; instead, these flashing, animated, sound-generating eye-catchers are intended to simply throw the message out there in an endless array of locations for everyone—professionals and public—to see. In this way, the company that is advertising becomes known instantaneously, which is the purpose.

Make a banner ad for your site and ask another webmaster to do the same for his site. Then swap!

8. Take up a low cost promotion course online.
Yes, there are low cost promotion tutorials. But don't you know that you can actually take a low cost promotion course that can help you out further? Part of the low cost promotion program is signing up for newsletters. Sending out newsletters to your subscribers (those who signed up for your newsletters) will help greatly in establishing a good working relationship with your customers or prospective customers. It has to be short, sweet, consistent and written for a general audience.

In Summary — when you make a website, you do not need not pay large amounts of money to promote it. You just apply the methods listed above!  —-  there is such a thing as low cost promotion and by applying internet marketing strategies that won't hurt your savings is a great way not only to get started but also in the long game.

Your new business will benefit a lot from various Internet marketing methods. But you don't have to spend millions of dollars just to get some decent exposure for your company. There are ways to make your business be seen and felt without doing overkill with your advertisement expenses.

Make use of your online power – through Internet marketing. Here are simple methods that you may employ to boost the visibility of your business without shelling out more than what you can afford. However, these techniques need patience and some footwork to produce agreeable results.

Firstly, you need a website before you can make use of these low cost Internet marketing strategies. So go create one or hire a web developer. It will display your products and services. This will be used in employing the following Internet marketing techniques.

Tuneup

 

Alan Zibluk Market Hive Founding Member

Hiring a Consultant for Internet Marketing. Do your homeworrk First!

Image result for internet market consultantsHiring a Consultant for Internet Marketing

If you are considering jumping into the world of Internet marketing but do not have experience in this type of marketing, it is definitely worthwhile to consider hiring a consultant to assist you in your advertising endeavor. This is important because they can do a great deal to assist you in ensuring that the marketing effort is a success. You may pay more for their services than you would to handle the Internet marketing on your own but the results you gain from the effort will likely be significantly higher. Hiring a consultant to assist you in your Internet marketing campaign is even a worthwhile endeavor if you have some experience in Internet marketing but are competing in a competitive niche and need some additional assistance to help you rise above the competition.

The key to hiring a consultant to assist in an Internet marketing campaign is to hire the right consultant. You will find there are many different options available to you as Internet marketing has become a huge industry. However, not all consultants are created equal. You may find that some consultants can create significantly better results than other consultants. There are, however, a few characteristics to look for when seeking a qualified consultant in the Internet marketing industry. Surprisingly cost is not one of the most important considerations. Experience and past performance are much more important. You can compare costs among consultants who are similarly qualified but using cost as a primary source of evaluation is not recommended.

Experience is very important when it comes to selecting a consultant to assist you in an Internet marketing campaign. Experience is critical because consultants who have a great deal of experience also have a great deal of understanding of which techniques work best and which techniques are not as effective. This can save you a great deal of time and money as there will likely not be as much experimentation necessary as there would be with a less experienced consultant. More experienced consultants will also likely be better skilled at dealing with clients and will likely answer your questions more quickly and keep you better informed about the progress of your Internet marketing campaign. All of this is important because you will likely be very interested in receiving progress reports and staying up to date on everything that is going on with your Internet marketing campaign.

Seeking out a consultant in the Internet marketing industry with an excellent past record of performance is also very important. This is so important because consultants who have had a great deal of success in the past will likely have a great deal of success while assisting you as well. Past performance is considered to be one of the best indications of future performance. This does not mean that new consultants are necessarily going to perform poorly but there is some risk involved in selecting a consultant who does not have a great deal of experience or who has not performed well in the past. You can feel much more confident putting your Internet marketing campaign in the hands of a consultant who typically generates the type of results you are looking for in your own Internet marketing campaign.

Once you have evaluated consultants on the basis of experience and past performance, it is time to start considering price. Considering price early in the process of seeking a consultant may cause you to be influenced by price over performance. Some consultants may be incredibly affordable but if they are not capable of producing the desired results, it may end up being a complete waste of money. However, once you have narrowed your list of potential consultants down to a few qualified candidates, it is definitely time to start comparing prices. Once you are confident each of the candidates on your list is well qualified, choosing the least expensive candidate is worthwhile. However it is important to note all of the fees involved to ensure you are making an accurate cost comparison.

learn more about internet marketingLearning more about Internet Marketing for yourself

While hiring a consultant and be a good plan for you, understanding what needs to be done is an all important issue in the first place. If you are not already marketing your business online, perhaps it is time to start. Although there are a few exceptions, just about every business can benefit from online marketing. There are just so many advantages to this type of marketing. First of all, it is extremely affordable to market your business online. Other advantages to marketing your business online include the ability to reach a large target audience, the ability to reach potential customers all over the world and the ability to customize the marketing for different sectors of the target audience.

Internet marketing is not overly complicated but it is also not a process in which anyone can excel without making attempts to learn more about the subject. Business owners who do not know a great deal about Internet marketing but who wish to implement Internet marketing into their overall marketing strategy should carefully study the basic principles of Internet marketing before launching their online marketing campaign. Fortunately for these business owners there are a variety of options for learning about Internet marketing. These options may include online research, reading published books and studying successful Internet marketing campaigns.

Researching Internet marketing online is one method which can be used for learning more about this topic. This type of research can be very informative and can provide the business owner with a great deal of advice and other information. However, it can also provide the business owner with a great deal of misinformation. When researching any subject online it is very important to note that not all of the information available online is accurate. This may be due to a variety of factors including content which is written by those who do not have a great deal of knowledge about the subject matter as well as content which was written years ago and is outdated. This can be frustrating but fortunately business owners can still learn from the Internet. This just means they should be more cautious about accepting information as being accurate and may wish to verify the information they obtain before implementing an Internet marketing strategy.

Published books are another valuable resource for learning more about Internet marketing. There are a variety of books available which focus on this subject and provide a wealth of useful information. When selecting a book for use as research material it is important to seek out a book which received independent reviews which were positive. It is also important to seek out books which were published recently. This is important because the Internet marketing industry is evolving continuously and a book that was published only a few years ago may be outdated and may lack information on some of the new developments in the industry. The appeal of using published books to learn about Internet marketing is you can keep the books on hand for easy reference when you launch your Internet marketing campaign.

Finally business owners can learn a great deal about Internet marketing simply by studying successful Internet marketing campaigns. Try the Internet marketing blog at www.jeremyburns.com/blog for some great starter tipe. If your business offers products and services in a particular niche consider entering relevant terms in popular search engines and studying the websites of some of the highest ranking businesses. This can provide you with a great deal of insight into what these business owners are doing which may be contributing to their success. Examining everything from their website design to their search engine optimization strategies and even the content on their website can help you to determine why they are more successful than you. You should also consider how they are marketing their website which may include banner ads, affiliate marketing programs or other types of advertising. Armed with this information you can take the opportunity to implement changes to your own website and marketing strategy which may help you to gain a greater degree of success. Care should be taken to not copy anything directly from your competitors but to rather try to emulate their degree of success in your own way.

Tuneup

Alan Zibluk Market Hive Founding Member

1,000 Universities: IBM’s Ambitious Plan to Fill Vacant Blockchain Jobs

There's a staffing problem in the blockchain industry: simply, there are too many open positions and too few blockchain specialists.

Now, to help meet that rapidly increasing demand, IBM is partnering with Baruch College, Fordham University, University of Arkansas, University at Buffalo and the University of British Columbia to establish a series of grants, design blockchain curricula and more.

In addition, IBM has added new blockchain resources to it's IBM Academic Initiative, an ambitious effort that opens resources from the global tech giant to 1,000 universities.

But while unique in its sheer scope, IBM's new push is just the latest in a series of efforts around the world to train new blockchain industry talent.

Marie Wieck, general manager of IBM Blockchain, described the results of a beta release of the program to CoinDesk:

"We’ve already gotten some very, very positive responses."

Hands-on learning

Wieck also revealed details about how the programs will leverage IBM's technology.

To start with, IBM Blockchain Platform, the firm's proprietary distributed ledger technology, will form a part of the university curriculum, and will be made accessible for students.

Further, universities that participate in the projects will receive six months access to IBM Cloud and use of the IBM Blockchain cloud sandbox.

And it's becoming increasingly easy to see how such skills would be put to use by graduates of the courses.

The announcement comes on the same day that IBM formally launched its IBM Blockchain Platform, a food supply chain consortium with Walmart and other major firms on board, and revealed the first ever startup accelerator aimed at investing in startups building with Hyperledger Fabric.

Student lockers image via Shutterstock

If you believe that my message is worth spreading, please use the share buttons if they show on this page.

Stephen Hodgkiss
Chief Engineer at MarketHive

markethive.com


Alan Zibluk Market Hive Founding Member

No it is not New Years Eve but here is a promise I am making

What is it with working online that is so great … the possibility of flexible hours, working on cutting edge technlology projects, meeting thousands of people spread across the globe ???

frustrated at working online

That of course does happen but at what cost to your sanity?

I have met some amazing people online, that is a fact, but I have also met some real assholes and snakes too. From unfilled promises, to downright abuse of trust is the tip of the iceberg.

I vow this; if I ever get to the point where any one of my ventures gives me enough capital to hangup my coding gloves, I will do it big time. 

By this I mean, I will delete all my social media accounts, terminate my online phone numbers, terminate all my website domains, terminate all my hosting accounts, close my Skype account etc etc… You get the picture.

I will then go live away from it all, next to a beach or lake and say goodbye to the 'new era of technology'. Maybe it is coming sooner that I could hope for.

If you believe that my message is worth spreading, please use the share buttons if they show on this page.

Stephen Hodgkiss
Chief Engineer at MarketHive

markethive.com


Alan Zibluk Market Hive Founding Member

Thieves target tourists in Ho Chi Minh City (Saigon)

Unfortunately, on 2 separate occasions this week, myself and my girlfriend have fallen foul of this. First time, 2 guys drove past the girlfriend and snatched her handbag .. luckily she was not hurt. She lost her phone, ATM cards and her Thai ID card. Second time, I was waiting outside a food takeaway place with my phone in my hand, waiting on an Uber taxi to turn up. A guy came from behind, snatched my phone and started running down the street. He then jumped on to his friends motorbike and sped off. I tried to give chase but fell over and grazed my hand.

The locals on both occasions just stood by and did nothing to help. If this happened in Thailand, they would have surely helped.

Ho Chi Minh City high crime rate

After more than 30 years of travelling the world to maybe 30 countries, this is first time I have experienced something like this. I do not feel safe and have cut my trip short and will return to Thailand in 2 days time.

My advice to others wanting to travel to Vietnam, is do not. There are plenty of other countries who are happy to take our tourist dollars without having to look over our shoulders 24/7.

Here is a quote from a government website: –

Despite the high crime rating for Ho Chi Minh City (HCMC), most visitors feel relatively safe. Random violent crime against foreigners is relatively rare, and the level of crime is comparable to other cities of a similar size throughout Asia. Visitors regularly fall victim to property crimes, which are usually non-confrontational crimes of opportunity. Pickpocketing, purse slashing, bag snatching, and the theft of valuables is a common occurrence, particularly in areas frequented by tourists and business travelers. Maintaining an extremely high level of 360 degree situational awareness and alertness is critical to reduce the likelihood of becoming a victim of petty street crime.

Theft by motor scooter is a popular modus operandi wherein thieves grab bags/purses from victims while speeding by. This approach can cause serious injury to victims if they are unable to quickly release themselves from the straps of the bag, leaving them to be dragged by the motor scooter at high speeds. Carrying bags on the arm opposite the road and walking away from the edge of the curb can discourage potential motor scooter thieves. Smart phones, particularly iPhones and Androids, are very popular with thieves and are snatched out of victims’ hands by passing motor scooter thieves.

….End Quote….

Please share and make others aware the dangers of this country. I do not think I will ever come back.

Alan Zibluk Market Hive Founding Member

Shopping Mall Bans Bitcoin and Ether Mining as Merchants Run Up Bills

Article Posted on Coindesk:  Aug 7, 2017, at 10:00 UTC by Wolfie Zhao

An electronics retail marketplace in South Korea has reportedly taken the unusual step of banning vendors from mining Bitcoin in their stores.

Yongsan Market, based in Seoul, has told merchants that they aren't allowed to mine cryptocurrencies – Bitcoin and ether, specifically – because of electrical costs, rising temperatures and the risk of fire, according to Korea Economic Daily.

According to the report, the Yongsan Market's management has also warned merchants that the subsequent jump in electricity costs will be added to their bills.

The unusual decision is notable given the size of the market (the site boasts thousands of retail storefronts) and is a reflection of the growing popularity of small-scale cryptocurrency mining, of ether especially. As such, it's perhaps unsurprising that some vendors – particularly those that sell the graphics cards needed to mine cryptocurrencies – are using their own products to reap additional income.

Still, the incident comes at a time when the country is starting to demonstrate an increasing interest in cryptocurrencies.

According to Coin Market Cap data, the Korean cryptocurrency exchange Bithumb is now ranked first in terms of trading volume across global platforms, amassing a total of over $342 million in the last 24 hours. 
—————————-
A low-cost mining opportunity is available at in the USA. Check out the Firstmover Product Offer at http://bitqyck.me/389978

Alan Zibluk Market Hive Founding Member

What is cryptocurrency?

What is cryptocurrency?

 

Bitcoin is a form of cryptocurrency 

Cryptocurrency is a form of digital money that is designed to be secure and, in many cases, anonymous. It is a currency associated with the internet that uses cryptography, the process of converting legible information into an almost uncrackable code, to track purchases and transfers. Cryptography was born out of the need for secure communication in the Second World War. It has evolved in the digital era with elements of mathematical theory and computer science to become a way to secure communications, information and money online. The first cryptocurrency was bitcoin, which was created in 2009 and is still the best known. There has been a proliferation of cryptocurrencies in the past decade and there are now more than 900 available on the internet. Here's everything you need to know about cryptocurrencies. 

How do cryptocurrencies work? 

Cryptocurrencies use decentralised technology to let users make secure payments and store money without the need to use their name or go through a bank. They run on a distributed public ledger called blockchain, which is a record of all transactions updated and held by currency holders.

Units of cryptocurrency are created through a process called mining, which involves using computer power to solve complicated maths problems that generate coins. Users can also buy the currencies from brokers, then store and spend them using cryptographic wallets. Cryptocurrencies and applications of blockchain technology are still nascent in financial terms and more uses should be expected. Transactions including bonds, stocks and other financial assets could eventually be traded using the technology.  

What are the most common cryptocurrencies? 

  • Bitcoin:
     
    Bitcoin was the first and is the most commonly traded cryptocurrency to date.  The currency was developed by Satoshi Nakamoto in 2009, a mysterious figure who developed its blockchain. It has a market capitalisation of around $45 billion as of July 2017. 
  • Ethereum:
     
    Developed in 2015, ethereum is the currency token used in the ethereum blockchain, the second most popular and valuable cryptocurrency. Ethereum has a market capitalisation of around $18bn as of July 2017. However, ethereum has had a turbulent journey. After a major hack in 2016 it split into two currencies, while its value has in recent months reached as high as $400 but crashed briefly to as low as 10 cents.
  • Ripple:
     
    Ripple is another distributed ledger system that was founded in 2012. Ripple can be used to track more kinds of transactions, not just of the cryptocurrency. It has been used by banks including Santander and UBS and has a market capitalisation of around $6.3 billion.
  • Litecoin: 
    This currency is most similar in form to bitcoin, but has moved more quickly to develop new innovations, including faster payments and processes to allow many more transactions. The total value of all Litecoin is around $2.1 billion.

Why would you use a cryptocurrency?

Cryptocurrencies are known for being secure and providing a level of anonymity. Transactions in them cannot be faked or reversed and there tend to be low fees, making it more reliable than conventional currency. Their decentralised nature means they are available to everyone, where banks can be exclusive in who they will let open accounts.  As a new form of cash, the cryptocurrency markets have been known to take off meaning a small investment can become a large sum over night. But the same works the other way. People look to invest in cryptocurrencies should be aware of the volatility of the market and the risks they take when buying.

Chuck Reynolds


Marketing Dept
Contributor
Please click either Link to Learn more about -Bitcoin.

Alan Zibluk Market Hive Founding Member