Leading Cryptos Assistance

[Maksimjo]

Both ETH and BTC are of the most potent leading virtual currency forms which are provided for our Crystal Wallet platform.

The most popular base-cryptocurrencies

In traditional markets, such as stocks, fiat currencies or commodities, setting a base currency is not really much of a contested question. Traders often don’t wonder whether they should trade from Euros, Dollars or Yen. Most just trade with the currency that they own, or the currency that has more liquidity. In crypto trading this last characteristic and many more unique features is what sets the coins apart.

Bitcoin and Ethereum are undoubtedly among the most widely discussed cryptocurrencies, especially after the unparalleled bull run at the end of 2017 launched prices to unseen heights. While they are among the leading and most popular cryptocurrencies, the technology backing each one of them is fairly remote.

Advantages:

- High potential: in this case, holding BTC and ETH might offer the largest returns since, normally, this is the coins that lead the peaks of the crypto market.

- More trading pairs. Exchanges often use BTC and altcoin ETH as the main pivotal point through which the rest of the cryptocurrencies can be traded. While BTC can be traded against more than 100 coins in an exchange, other coins might offer around 25 or none in the case of other altcoins.

- Fewer stop-losses. It is well known that BTC and ETH often predict the price direction of other coins. Therefore, in some ways, the crypto market is synchronized with BTC and ETH. If BTC and ETH drop, the negative percentage of your open positions won’t have varied much and therefore, your positions wouldn’t have been closed at a loss.

- Stability. Forex and stocks trading is usually carried out from a stable coin that generally is a very stable currency such as the Euro, Dollar or Yen. As a result, it is possible to pinpoint changes in the value of the asset that is being traded. Trading from a coin like BTC and ETH can be a very good solution to your strategy.

 

[Maksimjo]

How Secure Is Crystal Wallet?

Increased security has played a critical role in the cryptocurrency space until now. The current state of the market has dictated a stronger need for more secure transactions.In the crypto industry, security and personal privacy is commonly associated with protecting client funds. On the whole, this should always be a key priority. Crystal wallet affirms that all your data shall be kept private and any third parties can not access to this information.

The sanctity of client data is our key priority

Unlike funds, information is unable to be reimbursed. Once personal files are out in the open – even if the culprit were to be caught – they can be used by nefarious actors to gain access to any customer’s other accounts, facilitate scams in his/her name, or carry out other criminal activities, including the creation of fake passport to purchase on the dark web.
Identity theft is nothing new, of course, but up until recently it has been less of a concern in the crypto community than, for example, wallet security. The reason is that, so far, anonymity has been among the defining elements of cryptocurrency and blockchain in general.

Confidentiality

In fact, what’s unique about blockchain technology is that it makes it possible to record transactions on a publicly auditable ledger, accessible to everyone, while at the same time allowing for a high degree of privacy.

There is much adversity during the protection process of customer data, therefore, we shall make all efforts to ensure that Crystal Wallet app is a designed secure app that leverages the blockchain and everything is under control.

 

[Maksimjo]

STABLECOIN - A NEW CLASS OF CRYPTOCURRENCY

Payment, for goods and services, is something that has existed since the dawn of humanity. Methods of payment have changed dramatically throughout human history, and we are in the midst of another wave of change. Undoubtedly, cryptocurrency is on the call right now, especially, stablecoin.

Stablecoin, as the name suggests, is not volatile. According to financial experts, stablecoin is a new class of cryptocurrency. It improves the current payment system and all related services as they make cross-border payments faster and cheaper. This benefits both providers and end-users.

Understanding the recent circumstance, many companies are currently in the process of creating their own stablecoin. Likewise, Crystal technologies company also created EUR token as the payment method and now it's being widely implemented in Crystal’s ecosystem including Crystal wallet and, especially, Ritva project. Furthermore, EUR token defines itself as an ERC-20 stablecoin. Benefit from the unchangeable price (1 EUR = 1 EURO) as well as its features (transparency and quick transfer), EUR token is apparently one of the utmost favorite coins of many international technology projects from the European region. Playing a significant role in not only Crystal’s ecosystem but also Crystal’s partners’, EUR will surely be the indispensable ticket for development on a global scale.

To sum up, stablecoins now are being regarded not only as trendy, geeky stuff, but also as a safer way to perform financial operations, and even more, to provide a new type of layer for the foundation of the future financial system.

 

[Maksimjo]

The Importance Of The Private Key

For cryptocurrency users who want to access their assets, a private key is essential. Wallet software often tries to shield users from the need to directly handle and understand private keys.

The concept of private key

A private key is a string of random characters that present a cryptocurrency inside a wallet. This is the key that allows you to spend your cryptocurrency and it should never be shared with anyone. The concept of a crypto private key is at the beating heart of Bitcoin, as well as the many thousands of digital currencies that followed. But because these coins and tokens are decentralised, keeping private keys safe is nothing short of essential. Losing a PIN isn't disaster because you can simply ask a bank for a new one, but misplacing a private key can mean that funds remain inaccessible forever.

Crystal Wallet is our go-and-go wallet for Bitcoin and Ethereum based tokens and allows you to hold your own private key.

Security of private key

Knowledge of a private key is the only verification needed to spend an electronic coin. Private keys should therefore be kept secret.
The role of a private key is to give anyone who knows the private key unrestricted access to the crypto asset (Bitcoin, Ethereum, etc) it represents. The private key by definition proves ownership of a crypto asset. In the physical world you use a pen to sign a cheque to authorise payment. In the cryptoverse the private key is used to sign a transaction and authorise payment. The difference being that the private key is encrypted, not publicly visible and authorises the transaction in the background - neither the sender nor the receiver see the private keys.

Keeping private keys secret is of paramount importance, therefore, we shall apply and provide modern technology that helps you use the platform conveniently.

 

[Maksimjo]

THE PERFECT FUSION OF ERC-20 AND STABLECOIN

Definition of ERC-20 token

The digital currencies story is a continuation of the long-running saga of economics, markets, and commodity exchange in human society. With the emergence of virtual currency, we have witnessed the rapid change in use and movement of money. Besides Bitcoin, one of the significant tokens is known as ERC-20 token.

An ERC-20 token is a blockchain-based asset with similar functionality to bitcoin, ether, and bitcoin cash: it can hold value and be sent and received.The major difference between ERC-20 tokens and other cryptocurrencies is that ERC-20 tokens are created and hosted on the Ethereum blockchain, whereas bitcoin and bitcoin cash are the native currencies of their respective blockchains.

EUR token: the perfect fusion of ERC-20 and stablecoin

EUR token is designed and used solely on the Ethereum platform. It follows a list of standards so that it can be shared, exchanged for other tokens, or transferred to a crypto-wallet. These standards were created with three optional rules and six mandatory:

Optional

Token Name
Symbol
Decimal (up to 18)

Mandatory

totalSupply
balanceOf
transfer
transferFrom
approve
allowance

Besides benefiting from being an ERC-20 token, EUR also defines itself as a stablecoin designed to tackle the inherent volatility seen in cryptocurrency prices. EUR stablecoin was issued to change the situation of the lack of reliability and real trust, the uncertainty of global regulations and pressure from legislative governmental bodies.

With speeding tech advancement, the 21st century has seen the rising need to solve the long-term issues of financial system. EUR, ERC20-built and stablecoin, is offering the world an extraordinary solution for the problem.