It is hard to imagine but almost 40% of the global traffic of the internet comes from uTorrent and BitTorrent. This network has over 170 million active users and it is the largest decentralized p2p communications protocol that has disrupted the monopoly of inefficient and expensive distribution networks with its revolutionizing system.

What is BitTorrent (BTT)

First of all, what is BitTorrent. It is an online platform where users can opt to download huge data/files with minimum internet bandwidth.

It is an open source, meaning that any user could modify or redistribute the original file code. Since they are free to access and download; the platform aims to provide a peer-based network that allows a vast distribution of files. software programs and other products which users can download a file by requesting a copy of the file from the server.

This relocation is synchronized with the help of a unique and fixed set of rules such as a file transfer protocol or hypertext transfer protocol which increases the download speed unless the file has high demand and the traffic on the server is distinct from standard file sharing.

Peer-to-Peer sharing locates computers with the desired file using a software application & eradicating the usage of your web browser by sharing files with other computers called peers. You can download from any computer by running the file sharing software and connecting to the internet only. The way to use bittorrent is to download the bittorrent client software which is free to anyone once you have downloaded the software. There are many search engines such as “torrentspy” and “isohunt” that are dedicated to finding bit torrent files. Other sites offer direct download of these files whether it be music videos, books etc.  

Who are the founders of BitTorrent (BTT)  

BitTorrent was founded by Brad Cohen and David Harrison in the early 2000s. The core part consists of a software that allows parties to connect and share files that are requested on the network.     

How does BitTorrent (BTT) work

           

In simple words, the bit torrent file system transaction starts when a user requests a file from another peer who hosts the file then the file is then split into several pieces and when the requester wishes to download. He receives multiple pieces from different providers.

Initially it enabled users to exchange files and data with peers without uploading and downloading. It was largely known to be used for pirated movies and music but with time the developers couldn’t develop new streams of revenue so it became difficult for them to maintain. So in 2018 it was acquired by the creator of ‘Tron’ blockchain, i.e  Justin Sun for 140 million dollars. The network is now based on the Tron blockchain. Tron is now using vtfs as a data storage solution.

Later in 2019 they introduced its native token “BTT” cryptocurrency to expand and incentivize the users on the network. Users who request the files and want to increase the download speed buy and spend btt and those who are the providers of the files receive and sell their btt. Justin said “This is truly a sharing economy, you share your computer resources and you get crypto then you can spend that crypto to get more resources.”   

How many BitTorrent coins (BTT)   

With a total supply of 990 billion in the market, Bit Torrent has a current supply of 660 billion in the form of BTT coins in the market.                                                                                                                

How is BitTorrent (BTT) unique

Many software in the market provide file sharing options but no one has been able to innovate and monetize it with cryptocurrency. BitTorrent on the other hand keeps bringing innovative technologies. In October 2020 bit torrent announced their acquisition of d-live and a staking feature was launched on the platform d-live is a platform for video and streaming where content creators and viewers earn rewards. This staking reward comes from 25 of all subscriptions and donations on d live. This feature is designed to give back to the community. With this revolutionary reward system they can attract more users to the platform. After the acquisition of d live they also announced the expansion towards “BitTorrent x” – an ecosystem that includes btfs. 

Conclusion

Now that you have a clear understanding of what BitTorrent is all about, head to Postling blog to read more about cryptocurrencies.

What is Terra

Terra is an innovative blockchain that enables stable programmable payment systems in both field and blockchain economies. The protocol is backed by its own cryptocurrency Luna which algorithmically expands and contracts terra’s stable coins supply in order to stimulate arbitrage and keep them back to fiat currency.

How does Terra work

Terra lays the foundation for a new digital economy with its stable coin protocol oracle system smart contracts and a plan for mass use. Terra is powered by Ethereum and Selena blockchains and new blockchains are coming soon which is supported by a bucket of stable coins back to fiat currencies commonly used in e-commerce.

Unlike centralized stable coins backed one-to-one by USD like USDC and GUSD, terra stable coins are algorithmically stabilized and backed by Luna’s own crypto asset which benefits from staking rewards to amplify network effects. Terra maintains price stability for its terra SDRS by algorithmically adjusting their supply in response to fluctuations in demand beyond terrace stable coin innovation. The team behind it understands that for its protocol and stable coins to have a global economic impact it needs to maximize its adoption and networking pack. Terra has a clear plan to bring its stable coins through global payment channels to both merchants and consumers.

What makes Terra unique

Terra based payments replace the complex payment value chain of banks, credit card networks and payment getaways with a single blockchain layer. Terra stable coin payments offer instant settlements, low fees and seamless cross-border exchange and their mass adoption is supported by a multitude of partners and a growing ecosystem of products leveraging the Terra blockchain infrastructure.

Terra is leveraging its network effects and furthering its adoption with senior race style stable coins and staking rewards for Luna token holders. Merchants integrating Terra for payments receive payments in six seconds and pay zero point six percent commission in comparison to merchants accepting credit cards that have a seven day billing period and paid 2.8 percent plus credit card fees.

Terra made 330 million dollars in payments on November 20 generating approximately 3.3 million dollars in revenue for the company in comparison this made terra the third most profitable blockchain after BDC and EDH.

The Luna token acts as dividend paying capital because the token holders who hold their Luna receive hundred percent of the transaction fees generated by the stable coins payments. This feature helps enhance Terra’s network effects and increases the distribution of stable coins.

All in all Terra is creating something revolutionary here by offering competitive programmable payments logistics and infrastructure combined with a profitable business model and “Tokenomics”.

HOW MANY TERRA COINS ARE IN CIRCULATION?

1 billion tokens being the current supply, LUNA has a maximum limit for making the equilibrium supply level stable so that the market is not flooded with oversupply of the currency circulation.

WHO ARE THE FOUNDERS OF TERRA?

Terra was created by terraform labs and founded by Danielle Shannon call in January 2018. Sheen and Juan shared their vision of facilitating the mass adoption of cryptocurrencies by creating digital assets with an emphasis on price stability and usability.

They presented a huge payment network by adopting user engagement and powerful products and use cases based on blockchain infrastructure to help realize this vision.

They launched their cryptocurrency and blockchain payment network backed by the Terra alliance which consists of 15 large e-commerce companies in Asia which collectively produces 25 billion dollars in annual transaction volume from 45 million users. In addition to co-founder of Tara Daniel sheen is the founder and CEO of the corporation one of the largest e-commerce platforms in Asia with over 2 million users making payments using Terra.

As for Terra’s other founder Dr. Juan before Terra he was the founder and CEO of any fi-inc, a peer-to-peer telecommunications company that builds p2p connectivity solutions using mass technology to make telecommunications more scalable affordable and secure.

All in all terra has powerful founders with a clear and concise version of how to facilitate mass adoption of cryptocurrencies and blockchain technology with data.

The native cryptocurrency of the Terra protocol is Luna.  All functions are performed by blocking value in the Terra ecosystem and this is accomplished by hosting a Luna, in doing so Luna reserves as a fundamental asset for the entire terra network and ecosystem.

The Luna serves as a complementary asset designed to protect the integrity of terror mechanisms thereby ensuring network security large and specialized lunar token holders can stake their tokens to become a validator for the terror network while smaller lunar token holders can delegate their share to validators.

By doing this Luna members run the risk of maintaining along-term position in a volatile asset. Rewards provide incentives to maintain a long-term interest in storing and hosting Lunas to protect the network. Staking rewards are first allocated to validators who take a commission to maintain their validator and ensure its operations and then delegates receives taking rewards that they can withdraw individually.

Their reward that the delegate receives from this token is proportional to the size of his stake and is structured in such a way that the reward increases as the transaction volume increases. Thus owning a Luna is an investment in Terra’s long-term growth and success.

Terra USD is the most popular stable coin from terra followed by the Korean Quan

Tara Krw. Like all terra stable coins, terra USD is a decentralized stable coin that is scalable revenue generating and entertain compatible tera USD features. Security Terra USD is an algorithmic stable coin with an insurance value equal to the face value of the issued stable coin. Infinitely scalable terra stable coin monetary policy is infinitely scalable and helps defy applications and protocols reach their full potential without constraints.

In addition Terra USD and all terra’s stable coins have shared liquidity which means that UST can be exchanged for KRT on chain with negligible transaction fees profitability. Terra USD and other terrorist stable coins can generate stable returns with ancor, a saving protocol that provides reliable annual interest rates based on block rewards from leading proof of stake blockchains compatibility. 

Conclusion

Terra USD and other Terra’s stable coins run on both Ethereum and Selena blockchains with support for more blockchains coming soon.

However the best terra’s dr storage wallet are non-storage web 3 wallets that provide seamless access to the best apps like Uniswap harvest finance balancer and more. 

The potential uses of tera are enormous. The system is now being used as an intermediary in online payments allowing people to make online purchases freely. The project aims to become an advanced blockchain platform opening up all the possibilities of decentralization for ordinary users, merchants and developers.

Want to know how other cryptocurrencies work? Head to Postling blog.

Is there anybody who doesn’t want to trade their crypto coins on the move? Of Course everyone like it.

Popular cryptocurrencies such as Bitcoin, Ethereum, Litecoin and more are changing the way of performing transactions. Most of the countries are accepting crypto coins as payment modes. A mobile application for trading all the crypto coins is an excellent way to dive into the crypto world. Most cryptocurrency mobile applications can help beginners to trade without hassles.

Let’s have a look at best mobile apps for trading crypto

Binance

Binance is the popular crypto trading exchange available in the market. With the rise and popularity, all the investors around the world are switching to Binance. It was introduced in 2017. Another reason to choose Binance is a completely functional mobile application for iOS and Android users.

There are over 2000 cryptocurrencies to choose from, investors can choose according to their requirements. Binance is offering cross-platform trading clients for many, including desktop, Android, web-based trading and more.

Binance lending is an excellent feature of Binance. With this functionality, users can earn great interest in their crypto assets. Staking is another effective feature of Binance. The Binance Pay is one of the popular features that has been introduced in 2021, the feature works as the powerful payment gateway for users.

WazirX

If you’re looking for a powerful crypto trading mobile app, look no further than WazirX. It is the best mobile application for buying, selling and storing cryptos. With a user-friendly interface, WazirX is the perfect app, especially for trading. Users can trade over 100 cryptocurrencies with UPI deposit support. You don’t need to be a software developer to use the WazirX trading application. Without any hassles, you can deposit or withdraw your funds through P2P, UPI and IMPS.

The advanced features of the WazirX app are “Trading View”, “Stop-Limit Orders”, and more. The application is available in Google Play Store and App Store. The platform is trusted by newbies and professional traders worldwide. On the other hand, WazirX is offering best-in-class security. With 2 factor authentication and an in-build app password, the trading app is offering additional security. Move the funds between WazirX and Binance for free. Sounds amazing! Trade like a boss with WraziX. 

Bitfinex

Bitfinex is the world’s largest exchange while considering the volume of Bitcoin and USD pairs. With the trading app, users can easily trade crypto coins and deposit funds to Bitfinex. The popular crypto coins traded on Bitfinex are Ethereum (ETH), Bitcoin, Ripple, DASH and more. The attractive and top feature of the Bitfinex trading app is “Quick Liquidation”. Whether you’re planning to buy Litecoin or sell Bitcoin, Bitfinex got you covered. Also, the Bitfinex trading application is simple to configure.

Bitfinex is the home of cryptocurrency trading. Bitfinex margin funding is another excellent feature, liquidity providers can easily generate yield by offering funds to the traders who want to trade with complete leverage. The platform offers upto 10X leverage trading with access to the p2p funding market.

Bitfinex offers a customizable interface. It means users can organize their workspace as per their requirements. Compose layout, select themes and set up necessary updates and notifications. Bitfinex has partnered with market synergy and other experienced traders. The Bitfinex trading application adapts the complete set of functionalities of the Bitfinex platform for a great trading experience on the move.

KuCoin

It’s time to find your next crypto gem on a leading trading application – KuCoin. Did you know one out of four crypto investors is using KuCoin? Yes! Buy Bitcoin in a safe and secure environment. Get registered at KuCoin and claim an exciting welcome gift.

KuCoin is the top exchange destination in globalization deployment. With over 205 countries and 13 regional languages, Kucoin is helping millions of investors worldwide. The features of KuCoin is almost similar to Binance, it offers additional features. KuCoin is super fast and also they own a token call $KCS. Users can find popular tokens on KuCoin. They offer GAS for the users holding NEO, this is a unique feature available in few exchange apps. 

CEX

CEX is another popular mobile app as they offer to buy or sell cryptocurrency via credit or debit card. CEX trading application provides a completely functional mobile application for Android and iOS users. With a user-friendly interface, CEX is offering easier for new and experienced traders to sell or buy crypto coins.

CEX is the trusted Bitcoin and crypto exchange – sell, buy, earn and trade. Unlike Bitfinex, Binance and other apps, CEX has limited crypto coins which helps them to provide high-quality service. Currently, CEX supports top cryptocurrencies such as ETH, BTC, XRP, BCH, etc. Users can easily deposit or withdraw their funds directly through mobile applications. The user interface is pretty impressive, users can trade on the move.

CEX is offering cheaper GBP deposits. It means a 50% discount for GBP deposits through UK-issued cards. The trading app will protect against hackers, DDoS attacks, cryptocurrency cold storage and more. Also, the mobile application provides competitive commissions, enjoy reasonable charges for high-volume trading.

Robinhood

Robinhood is a commission-free trading application. It was introduced in 2013. Robinhood is a one-stop destination for beginner and experienced traders. Robinhood app has a complete set of tools to help investors with complete confidence. Right from commission-free platform to award-winning user-interface design, investing in Robinhood is the affordable approach for all investors.

Managing your portfolio on the move with the Robinhood app. Security is the top-notch priority for Robinhood. The team uses cutting-edge safety measures to protect personal and transactional information. Also, investors can get their paycheck or send check with ease.

Investors can get more crypto coins for their funds. It’s no surprise, other trading platforms will charge upto 4% on buying or selling cryptos. But, Robinhood charges 0% on trading. Sounds fantastic! Let’s consider, if you buy $200 of crypto coin, you need to get $200 of crypto coin. If you’re a newbie, you can start small, you don’t need to purchase a complete crypto coin, you can even start with $1 as well.

Wrapping up

Cryptocurrency trading can sound troublesome task. Investors need to keep an eye on every time. With cryptocurrency applications, investors can easily trade without hassles. Within a few simple clicks, investors can buy Bitcoin or store their Dogecoin on the move. No laptop or desktop is required to start trading. Cryptocurrency exchange applications will help to get access to several cryptos in the market and allow you to trade with ease. 

Hope you’ve received useful information on the best mobile apps for trading your cryptocurrency. Choose the best application that meets your need and goal.

Let’s keep things simple and straightforward!

A decentralized exchange is popularly called a cryptocurrency exchange that operated in the decentralized approach – No central authority is involved.

Following are best-decentralized exchanges to trade now

Binance

Buying and selling your digital assets on the Binance is simple. The platform is trusted by millions of users around the world. Binance is the leading cryptocurrency exchange platform in terms of everyday trading $1.7 trillion volume of digital assets. Binance decentralized exchange was introduced in 2017. 

Binance supports 150+ cryptocurrencies, it includes Bitcoin, Ethereum, Binance Coin, Tezos and more. Upload the document and get KYC processed without any hassles. Security is the top-notch priority for the Binance while safeguarding the funds. Investors are earning great interest in their cryptocurrencies with the Binance Saving and Staking.

The decentralized exchange is compatible with several devices – AppStore, Google Play, macOS, Windows, Linux and more. Investors can start trading without any worries.

Kraken

Is there anybody who has never heard of the brand name  Kraken? Nobody

Kraken is more than a trading platform. Kraken is the popular US-based crypto exchange and bank, introduced in 2011. The exchange feature offers a trade between fiat and cryptocurrencies. Also, Kraken provides price details to the Bloomberg Terminal.

Kraken supports 50+ cryptocurrencies that range from Bitcoin and ADA. Get started with just $10 on Kraken. The Kraken – decentralized exchange is the best choice for new and professional investors. Make simple deposits, withdrawals and more. Also, investors can easily measure their performance and keep everything conveniently. Kraken fee starts from 0.9% onwards. Fees will be charged according to trading.

Coinbase

Coinbase is a secured platform for investors around the world. Whether you’re planning to buy a Bitcoin or store Litecoin, Coinbase is the right choice for you. The decentralized exchange is trusted by millions of users. Simply put, Coinbase is the largest Bitcoin decentralized exchange worldwide.

Coinbase is safe for all users. Keep a note, Coinbase or any online exchange doesn’t assure 100% safety, but Coinbase is the secured web wallet, 98% of digital assets are held on offline cold storage. Hence, no hacker or unauthorized user can access your cryptocurrencies.

Coinbase has several attractive features that are making it the perfect spot to start trading. Recurring buy is an excellent feature, invest in digital assets by scheduling purchases – day, week or month. Investors can protect themselves through insurance, Coinbase is providing FDIC insurance, upto $250,000 will be covered.

eToro

Trade with great confidence and convenience on eToro. The platform is surviving as the world’s leading trading destination. eToro is trusted by millions of investors worldwide. Whether you’re planning to invest in stocks or CFD trading, eToro is the right place for you. Invest in the stocks with zero per cent commission. Also, you can buy stock in no time. Buying, selling and storing Bitcoins is easier than ever.

One of the key advantages of eToro is 0% commission and buying fractional shares is simple. Start trading in popular stocks, ETFs and a lot more. Take advantage of CopyTrader and connect with worldwide traders and get to know about trading strategies. The trading platform is available for more than 140 countries. eToro is regulated by both CySec and FCA. Also, all the cryptos and funds are secured by popular security protocols. On the other hand, eToro will never share your sensitive information with third-party resources. 

Gemini

Gemini is the world-leading regulated cryptocurrency exchange. Simple to secure and trade the coins. Buy, sell and store 40+ cryptocurrencies. The impressive feature of Gemini Credit Card, investors can get upto 3% on their online purchases. There are no annual charges. Hardware security keys are attractive features on Gemini. It’s time to secure an account with the powerful hardware security keys through WebAuthn. 

Millions of people trust Gemini decentralized exchange, as it offers insurance coverage. Yes, you’ve heard it right. The cryptocurrencies stored on Gemini are insured with top insurance service providers. Whether you’re planning to buy Bitcoin or store all your cryptos, maximize trading techniques with in-build tools. Gemini exchange has streamlined the trading view with an attractive interface. Manage all your assets in a secure way.

Gemini exchange is making things simple, investors can easily research the cryptocurrency market and start trading. Building a powerful portfolio for hard-earned money on Gemini. If you’ve any queries, the Gemini customer support team will guide you.

Pancake Swap

Pancake Swap is another popular decentralized exchange for token swapping on the Binance smart chain.

Buy, sell or store your crypto coins within a few minutes on Pancake Swap. Currently, Pancake Swap is used by millions of investors and trusted by billions of investors worldwide. As of now, investors are entrusted Pancake Swap with more than $9.9 billion in funds. This could be a good reason to choose Pancake Swap.

Investors can trade almost anything without registrations. All you need to do is connect your wallet and trade the token. Earn passive income by staking the tokens on the Pancake swap. 

Pancake Swap decentralized exchange uses the “AMMI – Automated Market Maker” model, investors can easily trade against the liquidity pool. These pools are often filled with the investor’s money or funds. Users or investors will deposit into the liquidity pool and earn liquidity provider tokens. The Liquidity provider tokens are also called FLIP coins.  

Thorswap

Thorswap is the world’s largest multi-chain decentralized exchange powered by “THORChain”. The platform will never wrap the user’s assets, it denotes how to move the assets in response to the investor’s actions. Thorchain will observe the investor’s incoming deposits to the wallet, apply the business logic and process the transaction.

This powerful tool will allow all the nodes from a single interface. The total liquidity available on Thorswap is $160.01 million. Thorswap is available for mobile and desktop users. Thorswap is the right place for experienced and beginners.

In a nutshell

A decentralized exchange is popularly called “DEX”. It is the p2p crypto exchange that doesn’t require a central authority or intermediary. The above mentioned are the popular decentralized exchanges to trade right now. Keep a note, these platforms will never save your sensitive or transaction information. Further, they never ever handle the custody of the user’s funds.

There are a few more DEX’s on the market, but they’re either expensive or have low liquidity or lack security functionalities.