Aiming to transform cryptocurrency trading, CryptoIdol- a versatile cryptocurrency exchange with support for 12 major cryptocurrencies is launched in India. CryptoIdol is a completely secure and technically advanced cryptocurrency exchange portal that is backed by Zimba Infonet LLP.

This press release was orginally distributed by ReleaseWire

Ahmedabad, Gujarat — (ReleaseWire) — 01/22/2018 — With an aim to take major cryptocurrencies to the doorsteps of common investors, CryptoIdol- a modern cryptocurrency exchange was launched at Ahmedabad, today. Using CryptoIdol’s advanced platform, a user can start trading in multiple cryptocurrencies within minutes. Unlike other trading exchanges in India, CryptoIdol promises fast KYC approvals and quick withdrawals owing to an advanced tech platform and sound backend infrastructure.

“We wanted to extend the benefits of investing in cryptocurrencies to common people and offer all the major cryptocurrency investment options on a single platform.” informed Mayur Saparia, co-founder of CryptoIdol. A venture of Zimba Infonet LLP, CryptoIdol boasts of being one of the smartest and fastest cryptocurrency trading platforms in India.

On top of its promise of being the fastest cryptocurrency exchange, CryptoIdol has another visible advantage over other Indian trading platforms. Apart from just 5 major cryptocurrencies- Bitcoin, Ethereum, Ripple, Bitcoin Cash and Litecoin, CryptoIdol also supports 7 other growing cryptocurrencies, at present. The platform has plans to support other cryptocurrencies in the future, making it the most versatile trading platforms in India.

Aiming to make cryptocurrency trading an indispensable part of an investor’s life, CryptoIdol promises simplified trading and lower fees than other trading platforms. CryptoIdol boasts of an efficient dashboard that makes the whole trading process hassle-free. With advance trading feature and stop order feature, even an amateur investor can book profits with ease using CryptoIdol.

CryptoIdol platform is highly secure, supports multiple payment options and gives the option to study live price charts for all major cryptocurrencies. This helps an investor to identify investment and growth opportunities with ease, without having to research about price and growth trends using external sources.

The major benefit of using CryptoIdol exchange is the availability of vast cryptocurrency options that are nowhere to be found in India. With the cryptocurrency enthusiasm at an all-time high, newer cryptocurrencies offer significant promise at cheaper rates. CryptoIdol envisions offering the taste of these low hanging fruits to investors without any spurious promises.

CryptoIdol also runs a referral program that gives every person a chance to earn cash rewards by inviting friends to join CryptoIdol using their referral link. Both the person who invites and the person who joins get a cash reward in CryptoIdol wallet on successfully fulfilling referral criteria. Along with referral program, CryptoIdol also runs multiple promotional offers that give users a chance to win Bitcoins worth Rs.1 Lakh. The chance to win depends on fulfilling a specified criteria. Other promotional offers promise users a rebate of up to Rs.1000 in the trading fee during the first month.

As CryptoIdol is an exchange backed by experienced investors and blockchain professionals, the platform is technologically, financially and technically-sounder than other exchange platforms. What’s more, the low transaction fee on CryptoIdol offers an added advantage to a common investor. All in all, CryptoIdol looks forward to transforming cryptocurrency trading landscape in India through its promise of multiple investment options, low transaction fee and best-in-class technological backend infrastructure.

About CryptoIdol & Zimba Infonet LLP
CryptoIdol is the most promising cryptocurrency exchange in India that gives crypto investors the option to trade in 12 major cryptocurrencies on a single platform in INR. With support for Bitcoin, Ethereum, Bitcoin Cash, Ripple, Litecoin, Dash, Neo, Ethereum Classic, Lisk, Dogecoin, Digibyte and Peercoin, CryptoIdol is one of the most promising cryptocurrency exchanges, operational in India. Backed by Zimba Infotech LLP- an established digital marketing company, CryptoIdol promises simplicity, reliability and profitability for common investors. Zimba Infotech LLP has been founded by experienced tech professionals and has been providing reliable digital marketing solutions to clients across the globe.

To join:

https://cryptoidol.com/SignUp?Ref=MS1029

Substratum 

As per Substratum’s whitepaper, it is an open-source foundation that aims to provide free and unrestricted access to the contents of a new Web 3.0 using decentralized blockchain. Substratum network comprises of nodes distributed worldwide which will secure the content anywhere. It takes the help of advanced cryptography and encryption method, without using VPN or tor. It gives incentives to the web hosting computers in form of SUB tokens to secure the network. Now we will discuss how it works and the technology behind it.

Why do we need Substratum?

  1. Centralization

The web has become pretty much centralized nowadays. The web needs a web host to host the server which will assign an address(DNS) for your file and stores them on their computers. Major companies like GoDaddy, amazon web services, Bluehost are the big stakes here.They are becoming monopolistic day by day. It’s not good as they can increase the cost of web hosting. We have already heard the debate over net neutrality. To counter such problems, Substratum is introducing per-request billing system through microtransactions.

2. Censorship

We all know about censorship in China as they have blocked 12 out of top 100 global websites including Google, Facebook etc. There are many countries like Russian, Iran, North Korea which tries to control the content over the internet. Let the people decide what they want to hear, watch and listen over the internet. To use the internet in those countries requires VPN or tor to access these sites which require additional software to install, on the other hand, Substratum network doesn’t require all these. It is trying to provide the interface which will be easy to use from any browser. You can simply open your browser and start using the sites through Substratum network.

How does Substratum work?  

Substratum Node and Substratum Host basically let everyone become a web host. You can become a node just by few clicks on your computer and can earn passive income as SUB token for your service. Therefore the incentive process will strengthen the network. Members running their broadcast software as SubstratumNode will get SUB coins for serving requests. Substratum network will geolocate the right network to serve the content to appropriate user by using advanced machine learning and advanced compression algorithms. This will result in low latency, faster time and increase the efficiency to serve millions of sites, database, and applications.

Roadmap of Substratum

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They have already wrapped up alpha test 1 successfully and updating their work on the weekly basis. They are trying to create a platform (CryptoPay)that will allow all sites running on Substratum network to process cryptocurrency transactions using any publicly-traded coins. In simple terms, you can pay for your goods using any crypto-coins like LTC, BTC etc. using SUB token as the conversion medium.

Substratum Team   

Justin Tabb is founder and CEO of the Substratum team. The team looks pretty awesome and experienced. Justin Tabb was a Software Developer and worked with many well-known companies like  Apple, Disney, Eastman-Kodak, Hewlett-Packard, the National Basketball Association.

Substratum from Investment perspective

  1. Easy to use

A simple click-setup interface allows the user to setup Substratum network without any hesitation and likely to use by people, unlike VPN where you will have to install some software. Simpler the technology, the more adoption it gets. Substratum network can be run on any browser like chrome, Mozilla, safari etc. As you can see from the below graph the popularity has been increasing over time especially in China which is a good indicator to invest in.

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2. Demand for the technology

With the current situation where everyone is boycotting censorship and supporting net neutrality, it demands the change. And the change has come in the form of the decentralized web on blockchain where Substratum is playing a major role.

3. Charts perspective

As we can see the market cap has been increased gradually over few months. It looks like healthy and sustainable growth with the potential to reach $1 Billion market cap(in my opinion).

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4. Communication 

In cryptocurrency getting update about the development is a very important aspect in terms of marketing. Just follow their twitter handler and you can get the almost daily update on the product and future roadmap. They have been very open and transparent regarding this which will increase the investor’s trust towards the project.

Substratum: In short

  1. SUB is a utility token with the Market cap of  $70,691,561 (at the time of writing).
  2.  Substratum network is an open-source network which allows anyone to allocate their computing resources to provide unrestricted content worldwide.
  3. The team is from the USA and listed on major exchanges like Binance, Kucoin, EtherDelta, HitBTC etc.
  4. The team has already burnt token phase 1 & 2 as 120 million tokens out of circulation forever. Token burn 3 is yet to come.

What is Cardano?

Cardano (ADA) is a decentralized, open source blockchain project from Input-Output HongKong (IOHK). It was launched on 29 Sept 2017. They are developing smart contracts which take cryptocurrency to a whole new level. According to them, Cardano belongs to the 3rd generation of cryptocurrency which solves the problem with Bitcoin and Ethereum (more on it below).

So, what differentiates them from other crypto coins in the market? It is their approach to the problem. They put their academic work and let it go through the peer review. This is very different from other ICOs which are just want to get started with no real-world testing or knowing that their idea will work in real-world scenarios. Their approach is unique and banks on the idea that there is no future failure.

Charles Hoskinson, one of the team members from Ethereum is part of the Cardano. This gives the project a clear backing form a prominent member of the cryptocurrency community.

Cardano: ADA In short

  • Date of launch: 29th Sept 2017.
  • Coin Supply: 31,112,483,745 ADA
  • 3rd generation blockchain technology
  • Proof of Stake Algorithm: OuroBoros
  • Wallet: Daedalus
  • What is it trying to do? Trying to solve the issues with Ethereum and come up with a solution with ADA

Why are they building Cardano?

They are building Cardano to solve the problem with the previous generation of cryptocurrency. For example, Bitcoin can only make a simple transaction. It works as an accounting system. However, there are back draws to Bitcoin as it is hard for day trading as transaction costs are high. Similarly, ETH is faster than Bitcoin and also gives developers the ability to create ERC20 applications with smart contracts.

Cardano tries to build upon them and provides a framework where sustainability, interoperability, and scalability is maintained.

Let’s discuss the points below.

  1. Interoperability — Interoperability is the ability to interact with other blockchains. Cardano plans to use different technologies such as atomic swaps/ side-chains to make it happen. Communication is the main reason behind the interoperability between different crypto coins. Cardano wants to make transactions between them possible. And, that’s game-changing.
  2. Sustainability — Implementing a system of governance which is better compared to what the first or second generation of cryptocurrency offers. The proper implementation is yet to be done.
  3. Scalability — Scalability is an important factor in the success of a crypto coin. Cardano has it. It is about making blockchain scale with more users into it. Scalability is also about making transactions faster.

Proof of Stake Algorithm System: OuroBoros

Cardano uses Ouroboros PoS Algorithm. OuroBoros offers fully scientific based protocol and is easy to verify. As all the paper released by the team are peer-reviewed, they are all secure and have very small chance to fail.

How to store ADA? Wallet: Daedalus

Daedalus is the wallet that is both secure and multi-platform for ADA cryptocurrency. It also supports the hierarchical deterministic feature.

Daedalus offers advanced features in the wallet, and the team is planning to improve its functionality in the future.

Goals and Ambitions: ADA is a highly Ambitious Project

They are trying to build a third generation of cryptocurrency. They are trying to streamline the whole cryptocurrency ecosystem to work together. Intra-trading can be the future, and they are working towards it. Their philosophy is unique, and they are trying to solve it academically.

Should you invest in ADA?

In such as short time, it has increased exponentially in the past few weeks. However, it has shown some resistance to the current price, and I think this is the best time to buy.  It is also holding strong around the current value.

Considering all the factors and the fact that Cardano is not marketing their campaign so aggressively, it is performing nicely. So, should you invest in it? Probably, yes. But please do not take this as an investment advice. As everyone say, #DYOR.

Certain strengths about Cardano are as below:

  • They have a clean timeline. For example, they have multi-sig wallets, Quantum resistant signatures.
  • They are open source, and if you are tech savvy, you can go to GitHub and look at their code.
  • They will create a universal framework.
  • They keep updating their timeline with changes and are also transparent in what they are trying to achieve.

What is Verge?

Verge is a privacy coin aimed at improving privacy in transactions that can be used every day. Verge uses many anonymity-centric networks to maintain utmost privacy and anonymity. Transaction speeds are Ultra-Fast compared to other coins.

Verge in Short

  • Current Market Cap: $2,27,18,11,818 USD.
  • Circulating Supply: 14,420,905,810 XVG.
  • Max Supply: 16,555,000,000 XVG.
  • Current Price: $ 0.157536 USD.
  • Founded: 2014 under the name “DogeCoinDark”.

Now let’s find out what the Wraith Protocol is and how it is revolutionizing the crypto world.

XVG and Wraith Protocol: What it actually means for the Verge Users?

Wraith Protocol allows its users to easily switch between Public and Private Ledgers while on the Verge Blockchain. In layman’s terms, you may turn on this Protocol to hide your Verge transactions from the blockchain i.e. everyone.

This is an amazing piece of technology, capable of providing the privacy, flexibility and security needed while using a private coin. With the release of this Protocol, Verge seems to be one of the most promising projects of 2018.

Why was Verge introduced in the crypto world?

The purpose of Verge is to make private transactions more secure and provide 100% anonymity while transacting. They want to empower people around the world make payments being anonymous by introducing blockchain transactions into everyday life. They are making it possible to engage in small and large transactions quickly, efficiently and privately.

Storing Verge: Wallets for (XVG)

The development team at Verge have developed their own wallet known as Electrum Wallet.

When we downloaded the wallet to test it out ourselves, we encountered a settings issue.

If the server does not connect upon downloading and opening the wallet, use “83.169.38.218” as your server address and port 50001 or 50002. Uncheck the box “Use SSL” and uncheck “Auto Connect”. After this, your Wallet should work fine.

Verge, according to me, is one of the best privacy coins available. It is all set to boom in 2018 as per market research and I have added quite a bit of it to my Portfolio.

In the recent past, the price of  Verge was $ 0.0087 . Today, the price is $0.1535. That’s an astonishing increase by 25x!

What do you think? Is it worth investing?

Let us know in the comments section below.

What is EOS?

EOS acts like an operating system and provides diverse functionalities such as authentication, accounts, databases, scheduling and asynchronous communication. It works across multiple clusters and cores. So, what does it mean for laymen person who doesn’t understand technology? It provides decentralized apps the ability to scale by using the power of blockchain technology. This ambitious goal is aimed to solve the problem of clogged traffic and provide high-quality scaling capabilities across decentralized systems.

EOS – The Most Powerful Infrastructure for Decentralized Applications

EOS plan is to build the infrastructure around decentralized apps. Three key feature that the infrastructure will offer is a below.

  • Scalable — The infrastructure will offer parallel execution, asynchronous communication, DApps.
  • Flexible — The infrastructure is flexible which means mistakes can be rectified and improved over time.
  • Usable — Offers user-interface for easy development. The interfaces will be self-describing, declarative and support database schemes.

EOS in Short

  • Start Date: 26 June 2017
  • Coin Supply: 1,000,000,000 EOS
  • Blockchain technology, decentralized data, decentralized apps
  • Funds accepted: ETH
  • Ownership model.
  • Delegated Proof-of-stake invented by Dan Larimer
  • EOS White Paper

How does EOS works?

To get a complete understanding of EOS, we need to understand how it works. As we have already discussed, it offers infrastructure for decentralized apps. To perform an action, the EOS token holder needs to spend coins for funding an action or application development. For users, participating in the infrastructure is free.

To ensure minimal transaction fees, EOS uses its own delegated proof of stake system. The POS ensures that storage, computation, and bandwidth resources are allocated according to the stake in the application. Delegated proof of stake (DPOS) also ensures that the apps can handle millions of users without halting in operations.

EOS Team: Who is working on EOS Project?

The future of any project depends on the team working on it. The software is currently being developed by block.one, an offshore company with great talent.

The CEO of EOS is Dan Larimer who also happens to develop Steemit and BitShares system. Both the projects have been successful in many ways, especially Steemit, a social media platform that takes advantage of Steem token.

Other key team members include Brendan Blumer, a serial entrepreneurBrock Pierce, an entrepreneur and venture capitalist. From the team side, EOS looks strong.

EOS Token

EOS Token is built upon the ERC-20 token. So, if you buy EOS token, you can safely store it in any of the ETH wallets such as MyEtherWallet(Web) or Exodus (Desktop). This is a good sign for EOS as you can safely store your coins in an offline environment.

Advantages of investing in EOS

  1. It is developed by experienced blockchain entrepreneur Dan Larimer. He has successfully built two blockchain projects in the past, Steemit and BitShares.
  2. Tokens are easy to buy and store as it supports ERC-20.
  3. They promise great feature-set including the elimination of transaction fees.
  4. Enables developers to create apps on top of the EOS ownership model giving them the ability to control hosting costs. This also enables them to develop freemium applications.
  5. EOS blockchain will see no forks in future; thanks to the ability to create new blocks instead of competing.

Should you invest in EOS?

Yes. EOS is a great project with a good team backing it up. The project is also unique and the ubiquitous nature of decentralized apps makes EOS an extremely promising project. Not to mention the CEO of EOS is already running two successful project, Steemit and Bitshares which in return adds tons of credibility.

So, if you are looking to HODL (hold) for long-term, EOS is a good coin to invest in.

Note: Investing involves risks and you should always do your own research before investing. #DYOR.

How to buy EOS in India?

Currently, no Indian exchange support EOS. However, you can buy EOS at the following exchanges.

  1. Bittrex
  2. Binance: I use Binance because the transaction fees are reduced by 50 percent.

You will need to buy BTC or ETH from any of these Indian exchanges, and transfer your coins to Binance and exchange your ETH or BTC with EOS.